Autodidact
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June 30, 2014, 03:57:47 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there! |
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sdmathis
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June 30, 2014, 03:59:03 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. You are joking. Right. Almost ALL altcoins have a technological advantage over Bitcoin. The only thing Bitcoin has going for it is it's monopoly of cryptocurrency. As that disappears over time, so will Bitcoin. |
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pratico
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Activity: 28
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June 30, 2014, 04:01:47 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there! VRC seems to be a solid coin with a solid dev team. I'm not saying sell, I'm just saying veribit is not that great, IMO. Ultimately, I can do the same thing with any other altcoin as I can do with veribit, which is trade for btc to make a purchase... Can I not? |
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HoodRich
Jr. Member
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Activity: 40
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June 30, 2014, 04:03:50 AM |
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This is just the calm before the storm
I 100% agree with you. No one knows the future, as in exact date. However, I believe we are going to see a huge Blast off that will send all the other alts crashing. When the dust settles, Vericoin will be #2 and will have reached a 1billion market cap, before settling back in to a range. Why do I say this? Because, no other coin is even close. Not even LTC. These continued Pump and Dumps of Alts are driving people to quality. Once the Positive feed back loop starts (with the pricing going parabolic), there will be little stoping VRC. I am not a cheerleader, but really what other coin is better at this point? List them below: 1. Let us know where we can use them. 2. Tell us about the dev team. 3. Can we buy them from our wallets? 4. Does there technology work? 5. What is there roadmap for mass adoption? If you are going to try to poke holes in VRC, let us now where we can make some money in July 2014...  |
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lootz
Legendary
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Activity: 808
Merit: 1000
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June 30, 2014, 04:04:32 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there! VRC seems to be a solid coin with a solid dev team. I'm not saying sell, I'm just saying veribit is not that great, IMO. Ultimately, I can do the same thing with any other altcoin as I can do with VRC, which is trade for btc to make a purchase... Can I not? no you cannot do that as easily as you can with vericoin... lol nice try |
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sdmathis
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June 30, 2014, 04:07:50 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there! VRC seems to be a solid coin with a solid dev team. I'm not saying sell, I'm just saying veribit is not that great, IMO. Ultimately, I can do the same thing with any other altcoin as I can do with veribit, which is trade for btc to make a purchase... Can I not? Nobody is disputing that. If you want to take the time, sure, why not. You'll save yourself a few pennies. As for me, I like the convenience, and judging from public reaction, so do many others. |
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pratico
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Activity: 28
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June 30, 2014, 04:10:32 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there! VRC seems to be a solid coin with a solid dev team. I'm not saying sell, I'm just saying veribit is not that great, IMO. Ultimately, I can do the same thing with any other altcoin as I can do with veribit, which is trade for btc to make a purchase... Can I not? Nobody is disputing that. If you want to take the time, sure, why not. You'll save yourself a few pennies. As for me, I like the convenience, and judging from public reaction, so do many others. Ya but the way you guys are marketing it is like its pure innovation, "use VRC anywhere btc is accepted," well, according to my previous statement, which you just agreed with, this same statement can thus be made of every altcoin. But VRC is acting like "use VRC anywhere btc is accepted" is unique to VRC. But we just both agreed any altcoin can be used to get the same end result that veribit gives. How is this not a marketing gimmick then? |
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MAD945
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June 30, 2014, 04:12:35 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there! VRC seems to be a solid coin with a solid dev team. I'm not saying sell, I'm just saying veribit is not that great, IMO. Ultimately, I can do the same thing with any other altcoin as I can do with veribit, which is trade for btc to make a purchase... Can I not? Nobody is disputing that. If you want to take the time, sure, why not. You'll save yourself a few pennies. As for me, I like the convenience, and judging from public reaction, so do many others. Ya but the way you guys are marketing it is like its pure innovation, "use VRC anywhere btc is accepted," well, according to my previous statement, which you just agreed with, this same statement can thus be made of every altcoin. But VRC is acting like it's something unique to VRC. How is this not a marketing gimmick? Sorry Guys...this ones not getting it! I think this ones broken... |
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pb2014
Jr. Member
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Activity: 32
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June 30, 2014, 04:18:15 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there! VRC seems to be a solid coin with a solid dev team. I'm not saying sell, I'm just saying veribit is not that great, IMO. Ultimately, I can do the same thing with any other altcoin as I can do with veribit, which is trade for btc to make a purchase... Can I not? Nobody is disputing that. If you want to take the time, sure, why not. You'll save yourself a few pennies. As for me, I like the convenience, and judging from public reaction, so do many others. Ya but the way you guys are marketing it is like its pure innovation, "use VRC anywhere btc is accepted," well, according to my previous statement, which you just agreed with, this same statement can thus be made of every altcoin. But VRC is acting like "use VRC anywhere btc is accepted" is unique to VRC. But we just both agreed any altcoin can be used to get the same end result that veribit gives. How is this not a marketing gimmick then? Soon you will be able to exchange USD to Vericoin through the wallet. Everything will be done through the wallet. No need to make exchange accounts. Can it not be any more convenient than that? Also being able to send Vericoin through SMS is going to be huge. Especially in third world countries many people do not have computers but they have cellphones. |
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lootz
Legendary
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Activity: 808
Merit: 1000
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June 30, 2014, 04:18:25 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there! VRC seems to be a solid coin with a solid dev team. I'm not saying sell, I'm just saying veribit is not that great, IMO. Ultimately, I can do the same thing with any other altcoin as I can do with veribit, which is trade for btc to make a purchase... Can I not? Nobody is disputing that. If you want to take the time, sure, why not. You'll save yourself a few pennies. As for me, I like the convenience, and judging from public reaction, so do many others. Ya but the way you guys are marketing it is like its pure innovation, "use VRC anywhere btc is accepted," well, according to my previous statement, which you just agreed with, this same statement can thus be made of every altcoin. But VRC is acting like it's something unique to VRC. How is this not a marketing gimmick? Sorry Guys...this ones not getting it! I think this ones broken... + 1000000000 agreed send him back for reprocessing  |
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sdmathis
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June 30, 2014, 04:19:10 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there! VRC seems to be a solid coin with a solid dev team. I'm not saying sell, I'm just saying veribit is not that great, IMO. Ultimately, I can do the same thing with any other altcoin as I can do with veribit, which is trade for btc to make a purchase... Can I not? Nobody is disputing that. If you want to take the time, sure, why not. You'll save yourself a few pennies. As for me, I like the convenience, and judging from public reaction, so do many others. Ya but the way you guys are marketing it is like its pure innovation, "use VRC anywhere btc is accepted," well, according to my previous statement, which you just agreed with, this same statement can thus be made of every altcoin. But VRC is acting like "use VRC anywhere btc is accepted" is unique to VRC. But we just both agreed any altcoin can be used to get the same end result that veribit gives. How is this not a marketing gimmick then? You do use VeriCoin anywhere Bitcoin is accepted. Right from your wallet. You don't waste your time changing VeriCoin into Bitcoin or Bitcoin into USD or anything like that. You enter the Bitcoin address into your wallet and push send. That is innovation. If you can't see that, you are blind and there is nothing more we can say. You will continue in your ignorance and we will continus to spend VeriCoin anywhere Bitcoin is accepted. Cheers. |
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pratico
Newbie
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Activity: 28
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June 30, 2014, 04:23:18 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there! VRC seems to be a solid coin with a solid dev team. I'm not saying sell, I'm just saying veribit is not that great, IMO. Ultimately, I can do the same thing with any other altcoin as I can do with veribit, which is trade for btc to make a purchase... Can I not? Nobody is disputing that. If you want to take the time, sure, why not. You'll save yourself a few pennies. As for me, I like the convenience, and judging from public reaction, so do many others. Ya but the way you guys are marketing it is like its pure innovation, "use VRC anywhere btc is accepted," well, according to my previous statement, which you just agreed with, this same statement can thus be made of every altcoin. But VRC is acting like "use VRC anywhere btc is accepted" is unique to VRC. But we just both agreed any altcoin can be used to get the same end result that veribit gives. How is this not a marketing gimmick then? You do use VeriCoin anywhere Bitcoin is accepted. Right from your wallet. You don't waste your time changing VeriCoin into Bitcoin or Bitcoin into USD or anything like that. You enter the Bitcoin address into your wallet and push send. That is innovation. If you can't see that, you are blind and there is nothing more we can say. You will continue in your ignorance and we will continus to spend VeriCoin anywhere Bitcoin is accepted. Cheers. Cool, I'll continue to spend the other 10 alts I own anywhere bitcoin is accepted as well, by trading them for btc, just like veribit does. Enjoy your gimmick for the p&d. |
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GridWorker
Member
Offline
Activity: 84
Merit: 10
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June 30, 2014, 04:24:35 AM |
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we will continus to spend VeriCoin anywhere Bitcoin is accepted.
Is it possible through awareness and growth of the Vericoin name that some places may choose to accept Vericoin prior to consideration of BTC? Not exactly as a competitor to BTC, but in similar fashion to how some businesses accept Discover card and others accept American Express. Obviously this would be a ways off, but if the hype continues in the fashion it is, name dropping by important people, it seems plausible. |
vrc: VBL3M6EzwcYZWeuDpgjG9bDQzTKb4ydiDy
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buy4crypto
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June 30, 2014, 04:35:38 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there! VRC seems to be a solid coin with a solid dev team. I'm not saying sell, I'm just saying veribit is not that great, IMO. Ultimately, I can do the same thing with any other altcoin as I can do with veribit, which is trade for btc to make a purchase... Can I not? Nobody is disputing that. If you want to take the time, sure, why not. You'll save yourself a few pennies. As for me, I like the convenience, and judging from public reaction, so do many others. Ya but the way you guys are marketing it is like its pure innovation, "use VRC anywhere btc is accepted," well, according to my previous statement, which you just agreed with, this same statement can thus be made of every altcoin. But VRC is acting like "use VRC anywhere btc is accepted" is unique to VRC. But we just both agreed any altcoin can be used to get the same end result that veribit gives. How is this not a marketing gimmick then? You do use VeriCoin anywhere Bitcoin is accepted. Right from your wallet. You don't waste your time changing VeriCoin into Bitcoin or Bitcoin into USD or anything like that. You enter the Bitcoin address into your wallet and push send. That is innovation. If you can't see that, you are blind and there is nothing more we can say. You will continue in your ignorance and we will continus to spend VeriCoin anywhere Bitcoin is accepted. Cheers. Cool, I'll continue to spend the other 10 alts I own anywhere bitcoin is accepted as well, by trading them for btc, just like veribit does. Enjoy your gimmick for the p&d. Bitcoin has what, 10% a year inflation, VeriCoin has 2.3% inflation roughly. If you stake your wallet, you get the 2.3%, so you can keep up, and spend like Bitcoin. Oh, have you mentioned that you can buy with bitcoin anonymously through the wallet? Can you do that with your 10 alts? If you hold Bitcoin, You will have to buy or mine 10% more this year to keep up with the inflation. Here you just turn on your wallet and fortify the network to be paid your modest interest. |
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Bitcycle
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June 30, 2014, 04:37:07 AM |
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Here's the main thing I worry about- DRK is much further along in implementing decentralized anonymity than VRC is. Once they have it working, implementing "Darkbit" to imitate Veribit is a trivial thing for them to do. Could happen extremely quickly.
Whereas VRC will still be looking at a long, hard road to decentralized anonymity. DRK is doing they harder thing first, VRC is doing a lot of fast easy things first. The other problem is that DRK is much higher profile than VRC.
I like VRC, I like the team. I'm glad they're open with their identities, and they seem able to handle things, if still a little rough around the edges.
But there's nothing certain here, and if they don't keep delivering, and delivering fast, and delivering on bigger things, another coin could still easily dominate this market.
There's big risks here, still.
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buy4crypto
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June 30, 2014, 04:37:56 AM |
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we will continus to spend VeriCoin anywhere Bitcoin is accepted.
Is it possible through awareness and growth of the Vericoin name that some places may choose to accept Vericoin prior to consideration of BTC? Not exactly as a competitor to BTC, but in similar fashion to how some businesses accept Discover card and others accept American Express. Obviously this would be a ways off, but if the hype continues in the fashion it is, name dropping by important people, it seems plausible. VeriBit is a gateway until the demand cuts out Bitcoin and wants the faster transaction time of VeriCoin itself. |
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sdmathis
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June 30, 2014, 04:39:05 AM |
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we will continus to spend VeriCoin anywhere Bitcoin is accepted.
Is it possible through awareness and growth of the Vericoin name that some places may choose to accept Vericoin prior to consideration of BTC? Not exactly as a competitor to BTC, but in similar fashion to how some businesses accept Discover card and others accept American Express. Obviously this would be a ways off, but if the hype continues in the fashion it is, name dropping by important people, it seems plausible. That is definitely our goal. In the future, VeriCoin itself will be accepted many places that Bitcoin is and is not accepted. Until then, we have VeriBit. |
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GridWorker
Member
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Activity: 84
Merit: 10
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June 30, 2014, 04:49:27 AM |
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if you look at an average consumer, whether they’re aware of bitcoin technology or not, it’s not necessarily optimised for them. That’s something that will need to change. “It’s obvious that bitcoin has a lot of mindshare and momentum,” he said, “but it was designed before we really knew what we needed. I think we’re still figuring out what we need. There’s a chance that a cryptocurrency will be a winner and it won’t be bitcoin.” http://www.coindesk.com/stripe-cto-bitcoin-unify-worlds-financial-systems/ |
vrc: VBL3M6EzwcYZWeuDpgjG9bDQzTKb4ydiDy
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sdmathis
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June 30, 2014, 04:51:52 AM |
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Here's the main thing I worry about- DRK is much further along in implementing decentralized anonymity than VRC is. Once they have it working, implementing "Darkbit" to imitate Veribit is a trivial thing for them to do. Could happen extremely quickly.
Whereas VRC will still be looking at a long, hard road to decentralized anonymity. DRK is doing they harder thing first, VRC is doing a lot of fast easy things first. The other problem is that DRK is much higher profile than VRC.
I like VRC, I like the team. I'm glad they're open with their identities, and they seem able to handle things, if still a little rough around the edges.
But there's nothing certain here, and if they don't keep delivering, and delivering fast, and delivering on bigger things, another coin could still easily dominate this market.
There's big risks here, still.
Here's the thing that nobody is considering. Crypto will eventually be regulated by the government. California has enacted legislation that makes crypto legal. Canada is already starting to regulate companies that deal in crypto. Western Union recently stated that they will accept digital currency when (not if) it is regulated. As soon as crypto is regulated, anon will not be allowed. As a matter of fact, if crypto is ever classified as money instead of property, most systems of anon will become money laundering and become a Federal crime. Anon is simply a short lived fad. Coins like VeriCoin can simply remove the option, but coins who have anon coded into the blockchain will require a hard fork. I wouldn't be surprised if this happens before coins like DRK get their anon issues ironed out. This is my personal opinion. I am not speaking for the VeriCoin team. |
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