[ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released

[barabbas]

dump a bit further plz

Careful what you ask for: This morning it got to the 27 level. I fear to go to sleep tonight...

27 would be great, I'll sleep very well if the price goes there

Be sure to let us know at what level it would start to make you a wee bit uncomfortable, ok?

hahaha

You sure must be elated at this point...

[Isokoira]

There is a known issue some are having with the new "Buy VeriCoin" button on some Windows systems.  For certain windows users it's working well, others it is just showing a blank page.  We are actively pursuing the cause of this issue and will be updating you all as soon as possible.  However do note that if you upgraded to the new version, whether the buy button works or not doesn't effect the other functions of the wallet.  So if you have this issue there is nothing to worry about.  We are trying to figure this out as soon as possible.  Mac and linux clients are unaffected by this issue.  If you do have a blank page come up after letting it load for 10 seconds or more, please message me your Windows version and whether you have a 32 or 64 bit system.  Thanks for your patience.

Most likely on Windows 8 PC's since they suck, working fine on my Windows 7 64-bit box

[lootz]

There is a known issue some are having with the new "Buy VeriCoin" button on some Windows systems.  For certain windows users it's working well, others it is just showing a blank page.  We are actively pursuing the cause of this issue and will be updating you all as soon as possible.  However do note that if you upgraded to the new version, whether the buy button works or not doesn't effect the other functions of the wallet.  So if you have this issue there is nothing to worry about.  We are trying to figure this out as soon as possible.  Mac and linux clients are unaffected by this issue.  If you do have a blank page come up after letting it load for 10 seconds or more, please message me your Windows version and whether you have a 32 or 64 bit system.  Thanks for your patience.

Most likely on Windows 8 PC's since they suck, working fine on my Windows 7 64-bit box

Compatability options may fix that

[lootz]

Seems like I am getting more from my mining, is that due to the price being low ? this is nice

[effectsToCause]

Seems like I am getting more from my mining, is that due to the price being low ? this is nice

It is due to the lower price, it is nice.

[amesterdamer]

It time to bring back on of my favorite memes... Retweet: https://twitter.com/BrunoPro79/status/491771653756837888

[barabbas]

Seems like I am getting more from my mining, is that due to the price being low ? this is nice

It is due to the lower price, it is nice.

I must have entered the twilight zone...

[effectsToCause]

Seems like I am getting more from my mining, is that due to the price being low ? this is nice

It is due to the lower price, it is nice.

I must have entered the twilight zone...

Haha Barabbas, cheap coins are good for the longer term portfolio.

[TheAntiFud]

No Fud here just my personal opinion...which is, I find it scary that the price continues to decline esecially once the devs released the fiat wallet today. This reminds me of the BC decline, where the releases and new featues had little effect on the price. Not a good sign.

[socal]

If everyone on this thread would turn all of their miners to pool.vericoin.info for just 24 hours, I'm interested to see what would happen to the price since that would create a large amount of buy pressure and therefore raise the price.....So please everyone try putting your miners on the Multipool just for a day.

[darthburnstuff]

There is a known issue some are having with the new "Buy VeriCoin" button on some Windows systems.  For certain windows users it's working well, others it is just showing a blank page.  We are actively pursuing the cause of this issue and will be updating you all as soon as possible.  However do note that if you upgraded to the new version, whether the buy button works or not doesn't effect the other functions of the wallet.  So if you have this issue there is nothing to worry about.  We are trying to figure this out as soon as possible.  Mac and linux clients are unaffected by this issue.  If you do have a blank page come up after letting it load for 10 seconds or more, please message me your Windows version and whether you have a 32 or 64 bit system.  Thanks for your patience.

Most likely on Windows 8 PC's since they suck, working fine on my Windows 7 64-bit box

I'm getting the blank screen and I also run Win 7 64bit... 

[BitcoinPorn]

Very curious about this -  Will the Android Wallet ever be available where one doesn't need a user name / password to use?

[Monkeys]

No Fud here just my personal opinion...which is, I find it scary that the price continues to decline esecially once the devs released the fiat wallet today. This reminds me of the BC decline, where the releases and new featues had little effect on the price. Not a good sign.

I share your concerns. I've been watching Vericoin for about 1.5 months now. Got in around the beginning of the big pump a month ago, not that low though, around 40k. Since then I've been watching it bounce around having its ups and downs and have been purchasing more and more at each dip thinking it cant go any lower, but then it does, so I buy more =P

Now it's as low as I've seen it, 25k, I've lost a considerable percentage of my investment, I'm about ready to just cash out and go back to day trading other currencies.. I won't though, I'll stick it out a bit longer at least!

What I'm curious about is the Verifund. I don't really understand what it is or how it works. I've seen the graph on the website, it really doesn't explain much, the dynamic interest is simple enough, but the Verifund aspect of it is a mystery to me.

I understand the multippol mines other coins to purchase Veri to pay out to miners, but what about the verifund?

If someone could shed some light on exactly what the Verifund is and how it works etc that would be most welcome =)

[BitcoinPorn]

Now it's as low as I've seen it, 25k, I've lost a considerable percentage of my investment, I'm about ready to just cash out and go back to day trading other currencies.. I won't though, I'll stick it out a bit longer at least!

Please get rid of it if you are just here for profits and day trading :\  Or if a little dip will "scare" people away, I hope that dip happens then.

Long term holders and users for a serious coin like this please, there is so many other alt coins you can day trade away and make some serious good cash on, I don't see VRC as one of those.    Might I recommend Dogecoin, it is at a super low price right now, and while maybe it won't jump in the next day or so, the rate it is at with as an active community as it has, it will jump again (I mean, you even have recently the people at Litecoin attempting multiple times to get Dogecoin to merge mine with them http://www.reddit.com/r/dogecoin/comments/2b3x7m/extending_the_hand_of_friendshiponce_again/ ).   Doge ain't going away, there is very little room down to go, so I just see lots of profits there if you are looking for *somewhat* quick cash.

Then there is also Voot the kids like to talk about.   

Either way, Vericoin for long term, if you use the term "investment".. then invest in the coin, participate in it's growth in some way, etc.

[Bobsurplus]

No Fud here just my personal opinion...which is, I find it scary that the price continues to decline esecially once the devs released the fiat wallet today. This reminds me of the BC decline, where the releases and new featues had little effect on the price. Not a good sign.

I share your concerns. I've been watching Vericoin for about 1.5 months now. Got in around the beginning of the big pump a month ago, not that low though, around 40k. Since then I've been watching it bounce around having its ups and downs and have been purchasing more and more at each dip thinking it cant go any lower, but then it does, so I buy more =P

Now it's as low as I've seen it, 25k, I've lost a considerable percentage of my investment, I'm about ready to just cash out and go back to day trading other currencies.. I won't though, I'll stick it out a bit longer at least!

What I'm curious about is the Verifund. I don't really understand what it is or how it works. I've seen the graph on the website, it really doesn't explain much, the dynamic interest is simple enough, but the Verifund aspect of it is a mystery to me.

I understand the multippol mines other coins to purchase Veri to pay out to miners, but what about the verifund?

If someone could shed some light on exactly what the Verifund is and how it works etc that would be most welcome =)

LOL, This coin has been the biggest joke of crypto since the infamous rollback AKA bigbank bailout. Sell now, get your money into cloakcoin and you'll be back in the black in no time!

[BIgBloxSTR]

Well. I am off to go unload the couple bitcoin my buddy bought already of VRC already. He is fairly dissapointed. I thought telling a friend would be a good idea. Now its just stress on my back and losing him money! The past few days I tried to reassure him several times. But now I think maybe I am making up stories to myself to make me feel good about the investment here.

Really appreciate all the work everyone does. I am going to be a silent member of the community from now on, save my sanity.

Will leave my personal money in, because I don't see many better investments in all the shit crypto investments lately. But I am not going to keep relaying info to a buddy, daily when its been nothing but a stress so far. Nor will I continue to post in here.

I'll prob lose a few bitcoins with this investment but that's okay. I guess I am an idiot for believing in something that maybe wasn't meant to be.

VeriCoin has only been around for two months. If all you want are constant price increases, then you're going to be disappointed no matter which altcoin you choose. They all are going down right now.

I've only made three bets in the crypto world, Bitcoin (2012), Litecoin (2013) and Peercoin (2013). All three were big winners for me. I invested in Litecoin, because I liked the idea of decentralized mining and faster transaction times than Bitcoin. I liked Peercoin because of its implementation of Proof of Stake, which many people said would never work. I was one of the largest holders of Peercoin for almost a year before people finally started to invest in it. I was fortunate enough to ride the wave on all of these coins during the 2013/2014 price increase.

However, after a while, I eventually noticed a couple things that made me rethink my investments. One of them was that the development process seemed extremely slow with Litecoin/Peercoin in regards to getting it in the hands of casual users. In early 2014, it became apparent that more and more alts were arriving with new features and Bitcoin was attracting a lot of venture capital money to build an infrastructure around it. Being familiar with software lifecycles, I knew it would only be a matter of time before Litecoin/Peercoin would be replaced if they didn't innovate fast enough. As an example, it has been almost two years and I still don't think Peercoin (Sunny King) or the community has developed a mobile wallet yet. How can you attract people to your coin if it's not easy for them to access it?

The other major problem I recognized, which might sound silly to some people, is that the marketing for all of these altcoins was nonexistent. Most cryptocoins seem to be developed with the idea of catering to only the tiny cult-like crypto community, not the casual user. Any casual person with limited knowledge of technology is going to struggle greatly with any virtual currency and they don't really care about technical details. Bitcoin is closing this gap thanks to all of the venture capital money and apps being built on top of it, similar to when TCP/IP first came around. Most altcoins don't seem to have this luxury.

Between those fundamentals and the chart patterns I was watching (I'm a long time FX trader), I decided that it would be best to sell off both of my positions in early 2014 and hold on to cash. I didn't see a reason to hold any virtual currency outside of Bitcoin at that point, unless someone had a better way to market themselves to casual users. It ended up being a good decision, because most coins lost the vast majority of their value over the following months. I told myself that I would just make small investments in Bitcoin on dips and keep everything else in cash.

Fast forward almost six months later and VeriCoin arrives on the scene. I took one look at it and said, who cares, its just another altcoin. But, the more I read about the developers and their vision, the more convinced I was that this coin had the potential to succeed. A coin is only as good as its developers and they seemed to be the first ones that "got it". If you want your coin to be successful, you need to get it into the hands of the casual masses. How do you do that? By offering more services and using better marketing. The VeriCoin developers seem to understand the direction that Bitcoin is headed with it's third party services/feature infrastructure. Instead of doing everything that way, they've decided to incorporate as much as they can into one place, the wallet, which I believe is the right way to go. As long as the developers continue down this path, then it greatly increases the potential for adoption outside of the crypto community.

If you can find a service-based coin with long term potential and better developers than this one, please let me know, because I certainly haven't found one.

good post  

[lootz]

Well. I am off to go unload the couple bitcoin my buddy bought already of VRC already. He is fairly dissapointed. I thought telling a friend would be a good idea. Now its just stress on my back and losing him money! The past few days I tried to reassure him several times. But now I think maybe I am making up stories to myself to make me feel good about the investment here.

Really appreciate all the work everyone does. I am going to be a silent member of the community from now on, save my sanity.

Will leave my personal money in, because I don't see many better investments in all the shit crypto investments lately. But I am not going to keep relaying info to a buddy, daily when its been nothing but a stress so far. Nor will I continue to post in here.

I'll prob lose a few bitcoins with this investment but that's okay. I guess I am an idiot for believing in something that maybe wasn't meant to be.

VeriCoin has only been around for two months. If all you want are constant price increases, then you're going to be disappointed no matter which altcoin you choose. They all are going down right now.

I've only made three bets in the crypto world, Bitcoin (2012), Litecoin (2013) and Peercoin (2013). All three were big winners for me. I invested in Litecoin, because I liked the idea of decentralized mining and faster transaction times than Bitcoin. I liked Peercoin because of its implementation of Proof of Stake, which many people said would never work. I was one of the largest holders of Peercoin for almost a year before people finally started to invest in it. I was fortunate enough to ride the wave on all of these coins during the 2013/2014 price increase.

However, after a while, I eventually noticed a couple things that made me rethink my investments. One of them was that the development process seemed extremely slow with Litecoin/Peercoin in regards to getting it in the hands of casual users. In early 2014, it became apparent that more and more alts were arriving with new features and Bitcoin was attracting a lot of venture capital money to build an infrastructure around it. Being familiar with software lifecycles, I knew it would only be a matter of time before Litecoin/Peercoin would be replaced if they didn't innovate fast enough. As an example, it has been almost two years and I still don't think Peercoin (Sunny King) or the community has developed a mobile wallet yet. How can you attract people to your coin if it's not easy for them to access it?

The other major problem I recognized, which might sound silly to some people, is that the marketing for all of these altcoins was nonexistent. Most cryptocoins seem to be developed with the idea of catering to only the tiny cult-like crypto community, not the casual user. Any casual person with limited knowledge of technology is going to struggle greatly with any virtual currency and they don't really care about technical details. Bitcoin is closing this gap thanks to all of the venture capital money and apps being built on top of it, similar to when TCP/IP first came around. Most altcoins don't seem to have this luxury.

Between those fundamentals and the chart patterns I was watching (I'm a long time FX trader), I decided that it would be best to sell off both of my positions in early 2014 and hold on to cash. I didn't see a reason to hold any virtual currency outside of Bitcoin at that point, unless someone had a better way to market themselves to casual users. It ended up being a good decision, because most coins lost the vast majority of their value over the following months. I told myself that I would just make small investments in Bitcoin on dips and keep everything else in cash.

Fast forward almost six months later and VeriCoin arrives on the scene. I took one look at it and said, who cares, its just another altcoin. But, the more I read about the developers and their vision, the more convinced I was that this coin had the potential to succeed. A coin is only as good as its developers and they seemed to be the first ones that "got it". If you want your coin to be successful, you need to get it into the hands of the casual masses. How do you do that? By offering more services and using better marketing. The VeriCoin developers seem to understand the direction that Bitcoin is headed with it's third party services/feature infrastructure. Instead of doing everything that way, they've decided to incorporate as much as they can into one place, the wallet, which I believe is the right way to go. As long as the developers continue down this path, then it greatly increases the potential for adoption outside of the crypto community.

If you can find a service-based coin with long term potential and better developers than this one, please let me know, because I certainly haven't found one.

good post  

+200

[Xosihc]

Now it's as low as I've seen it, 25k, I've lost a considerable percentage of my investment, I'm about ready to just cash out and go back to day trading other currencies.. I won't though, I'll stick it out a bit longer at least!

Please get rid of it if you are just here for profits and day trading :\  Or if a little dip will "scare" people away, I hope that dip happens then.

Long term holders and users for a serious coin like this please, there is so many other alt coins you can day trade away and make some serious good cash on, I don't see VRC as one of those.    Might I recommend Dogecoin, it is at a super low price right now, and while maybe it won't jump in the next day or so, the rate it is at with as an active community as it has, it will jump again (I mean, you even have recently the people at Litecoin attempting multiple times to get Dogecoin to merge mine with them http://www.reddit.com/r/dogecoin/comments/2b3x7m/extending_the_hand_of_friendshiponce_again/ ).   Doge ain't going away, there is very little room down to go, so I just see lots of profits there if you are looking for *somewhat* quick cash.

Then there is also Voot the kids like to talk about.  

Either way, Vericoin for long term, if you use the term "investment".. then invest in the coin, participate in it's growth in some way, etc.

Ohhhhhhhhh perfect its this post again. Long term holders bashing "day traders" for wanting to see some profits. Really man? You're not the slightest bit interested in making real USD from this? I continue to *palmface* when I see people play the "long term investment" card. You know what we call those people in the trading world... yeah bagholders.

Now I'm bagholding VRC myself at the moment so it's not like I'm against the success of VRC but come on dude.. seeing BitcoinDark go from .0005 to .0028 in almost 24 hours doesn't make you get a little wet? If VRC just took OFF tomorrow and you woke up to see it trading at .0025 you wouldn't sell any of it?

Edit added: and please don't think because I want to make a profit doesn't mean I also don't want to see the success of this coin and the dev team. I really do believe in the coin/project, what the dev team is doing and getting the word out about ALL crypto currencies to the masses. I will always hold some VRC for this exact reason but still man... think of the money!

[CryptoLTD]

Now it's as low as I've seen it, 25k, I've lost a considerable percentage of my investment, I'm about ready to just cash out and go back to day trading other currencies.. I won't though, I'll stick it out a bit longer at least!

Please get rid of it if you are just here for profits and day trading :\  Or if a little dip will "scare" people away, I hope that dip happens then.

Long term holders and users for a serious coin like this please, there is so many other alt coins you can day trade away and make some serious good cash on, I don't see VRC as one of those.    Might I recommend Dogecoin, it is at a super low price right now, and while maybe it won't jump in the next day or so, the rate it is at with as an active community as it has, it will jump again (I mean, you even have recently the people at Litecoin attempting multiple times to get Dogecoin to merge mine with them http://www.reddit.com/r/dogecoin/comments/2b3x7m/extending_the_hand_of_friendshiponce_again/ ).   Doge ain't going away, there is very little room down to go, so I just see lots of profits there if you are looking for *somewhat* quick cash.

Then there is also Voot the kids like to talk about.   

Either way, Vericoin for long term, if you use the term "investment".. then invest in the coin, participate in it's growth in some way, etc.

A 'little dip' ? Its gone from mid 30's to mid 20's in a few days. That 1/3 of the price, far FAR from 'little' Theres so many people out so much $ right now its not even funny.

[lootz]

This is a great time to expand, my friends did not want to get in because they thought the price was too high now they are selling their crap coin and jumping in while it is cheap. I am hoping for a huge upswing soon hopefully not too fast I am having a great time seeing my miners bring in so much coin. Also selling out of others to get in at a cheaper price since I originally got in at 32