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

[socal]

ok well once again though how would you go about implementing this VERIfication? and did you email the devs? as you can see because of all the BS on here its easy for legit ideas to get lost and buried

[Monkeys]

People say things like "Oh, Vericoin, the Paypal of the crypto world" Like that's a BAD thing!?

Paypal might be far from perfect, but they are THE payment method of choice for the entire internets...

[Monkeys]

ok well once again though how would you go about implementing this VERIfication? and did you email the devs? as you can see because of all the BS on here its easy for legit ideas to get lost and buried

I sent a message to Patrick and one of the others (sorry don't know all of their names yet) on IRC. No response..

What email address could I send the idea to?

The implementation is very simple. There are already companies that perform identity verification, Veda is one for Australia, but there are many others for other countries. These companies just require a few documents (drivers license, passport, utility bill, etc.) which they then run checks on to verify their legitimacy. Once verified that company gives its assurance to Vericoin that the person is who they say they are, and that person (or company) would become "Vericoin Verfied".

Simple as that.

[effectsToCause]

effectsToCause (Doug) has written yesterday about developing a new method of anonymity that can compete with the best of them.

Tbh, i couldn't care less about anonymity.. What's the big deal with anonymity really!!?? Are we all just drug dealers and scammers that all we care about is anonymity?

I propose the opposite of anonymity, VERIFICATION! As an option of course. Surely a coin like VERIcoin could see the value of true verification attached to wallets?

"Vericoin Verified" anyone?

Which would you feel more comfortable with, sending your money to a merchant with a verified identity, or sending money to a merchant with an anonymous and untraceable transaction??

Seriously, anonymity is the dumbest thing I've ever heard of for a currency that is supposed to be going MAINSTREAM? It's completely counter intuitive..

Lets discuss =)

Why can't we do both...VERIfied and VeriSend!

Being verified would set us apart from the rest of the pack and make us more acceptable as a true currency!

VeriSend could be the anonymous feature for a choice for the user.

We would defiantly get a lot of FUD for implementing this feature of being VERIfied...but again we would be the only coin doing it. Merchants would be put at ease knowing exactly who they are dealing with.

Now THERE'S an idea. We COULD go both routes as long as both are optional

Like socal mentioned we are actually working on both ends of the spectrum, it's pretty exciting stuff.  However it seems that so much of the market variability we have seen is due to buying on rumors and selling on news and all that jazz.  We don't want to give too much power to rumor and news.  It just isn't efficient to work in that context, so we are being a bit more tactful and strategic about announcements regarding the yet to be released features.  However if you watch the hangout tomorrow you will get a more info about what we have been working on.  Also final fix for windows wallet is coming, I'm doing some test builds right now and then we will start working on phase two of the 'Buy VeriCoin' button, which will be more customized for the wallet.

[MAD945]

People say things like "Oh, Vericoin, the Paypal of the crypto world" Like that's a BAD thing!?

Paypal might be far from perfect, but they are THE payment method of choice for the entire internets...

First we could implement a Verified wallet address which would be verified by the blockchain...your identity would be linked to this address your name and a special ID number created buy vericoin. This number would be your verified ID for all of your VERIfied transactions.

Second you would have an address you could create for yourself that would be used for Verisend(ANON)...multiple address could be created for this purpose.

The main advantage we would have is ZERO fees for senders and receivers. As in no fees for users of Vericoin...All other Bitcoin platforms are still fee based.

Sorry for this short not thought out idea...dealing with the kids at the moment

[socal]

ok well once again though how would you go about implementing this VERIfication? and did you email the devs? as you can see because of all the BS on here its easy for legit ideas to get lost and buried

I sent a message to Patrick and one of the others (sorry don't know all of their names yet) on IRC. No response..

What email address could I send the idea to?

The implementation is very simple. There are already companies that perform identity verification, Veda is one for Australia, but there are many others for other countries. These companies just require a few documents (drivers license, passport, utility bill, etc.) which they then run checks on to verify their legitimacy. Once verified that company gives its assurance to Vericoin that the person is who they say they are, and that person (or company) would become "Vericoin Verfied".

Simple as that.

either send a PM on here or go on vericoin.info to get their email address i believe they are on there but i could be wrong

[barabbas]

effectsToCause (Doug) has written yesterday about developing a new method of anonymity that can compete with the best of them.

Tbh, i couldn't care less about anonymity.. What's the big deal with anonymity really!!?? Are we all just drug dealers and scammers that all we care about is anonymity?

I propose the opposite of anonymity, VERIFICATION! As an option of course. Surely a coin like VERIcoin could see the value of true verification attached to wallets?

"Vericoin Verified" anyone?

Which would you feel more comfortable with, sending your money to a merchant with a verified identity, or sending money to a merchant with an anonymous and untraceable transaction??

Seriously, anonymity is the dumbest thing I've ever heard of for a currency that is supposed to be going MAINSTREAM? It's completely counter intuitive..

Lets discuss =)

Anyone care to discuss?

Here's the thing: Whenever there's a dump, some vociferous people will inevitably shout for the devs to come out and somehow make some magical announcement that would turn the wave on the opposite direction.

These devs not only speak often but actually speak too much. Between hangouts, twitter, (presumably) IRC, the other outlets and this forum, one has to think there's practically no time in the 24 hours to do any actual work, let alone planning, meeting etc, especially in the case of Patrick and Doug. And that doesn't include interviews with media or meetings with potential business associates/partners. It also produces emotional, hurried postings that, in many cases, are or can be quite detrimental to the progress of the project, making statements not carefully thought of and/or to rightfully written.

The shouts from the forums, obviously put unnecessary -if inevitable- pressure on them. And, perhaps -it seems it is what happens- making decisions that are counter to the path that VRC should pursue. Everyone seems to be willing to pay a premium in crypto for the latest version of anon. Still. It is ridiculous but it is a fact. So, all of a sudden, Doug announces that they are working on an anon feature when we have all been informed, many times over, that anon is not a priority for VRC. Like I said, it has all the looks of being something hurried to try and stop the dumping. And that would be very unnecessary and, again, counter productive in the long run.

I posted before that the devs must cater to the stake holders of the coin that are the ones that have and are and will continue supporting the project. Not the people that will shout every time there's a sell off. And they should talk much less and do much more. Not necessarily features, but planning,  preparing meetings, preparing interviews, devising strategies -which they should bring here so the stakeholders could debate them-, preparing (much better) the hang outs, etc.

You, and many -I'd venture a huge majority-, and me could care less about anonymity. As a matter of fact, you and me find it counterproductive for the image and final purpose of this coin. But I understand they feel pushed to implement it to try and revert the humongous dump... but lets go, again, to the dump: It isn't their  fault. It isn't a consequence of the rollback. It isn't anything that could or should be stopped. It just happened because, at this point in time, not many new money is coming in and many people that had heavy gains, sold to invest in some promising new coins. As simplke as that. But worse decline in terms of % of "loss" has been had in the same period of time by other coins not perceived as especially volatile, such as NAUT, PC or BC to mention only three of them. In those cases -and there will be others in the future- the devs should only say they know of no reason for the sell off and get back to work. That should be calming enough for the stakeholders. And some will panic and sell and some others will do the opposite. Rinse and repeat. It is a constant in crypto and it is not going to change much in the relatively near future.

Now, regarding your idea of VERIFICATION, I cannot possibly be more IN SUPPORT of it. It goes, totally, with the image and the philosophy Vericoin should stand for. Thank you for suggesting it and, hopefully, the majority of stakeholders will support it and the devs would decide to implement it yesterday.

Keep bringing them on, please.

[barabbas]

ok well once again though how would you go about implementing this VERIfication? and did you email the devs? as you can see because of all the BS on here its easy for legit ideas to get lost and buried

You should not use BS. Ever. In public.

[buy4crypto]

effectsToCause (Doug) has written yesterday about developing a new method of anonymity that can compete with the best of them.

Tbh, i couldn't care less about anonymity.. What's the big deal with anonymity really!!?? Are we all just drug dealers and scammers that all we care about is anonymity?

I propose the opposite of anonymity, VERIFICATION! As an option of course. Surely a coin like VERIcoin could see the value of true verification attached to wallets?

"Vericoin Verified" anyone?

Which would you feel more comfortable with, sending your money to a merchant with a verified identity, or sending money to a merchant with an anonymous and untraceable transaction??

Seriously, anonymity is the dumbest thing I've ever heard of for a currency that is supposed to be going MAINSTREAM? It's completely counter intuitive..

Lets discuss =)

Anyone care to discuss?

Here's the thing: Whenever there's a dump, some vociferous people will inevitably shout for the devs to come out and somehow make some magical announcement that would turn the wave on the opposite direction.

These devs not only speak often but actually speak too much. Between hangouts, twitter, (presumably) IRC, the other outlets and this forum, one has to think there's practically no time in the 24 hours to do any actual work, let alone planning, meeting etc, especially in the case of Patrick and Doug. And that doesn't include interviews with media or meetings with potential business associates/partners. It also produces emotional, hurried postings that, in many cases, are or can be quite detrimental to the progress of the project, making statements not carefully thought of and/or to rightfully written.

The shouts from the forums, obviously put unnecessary -if inevitable- pressure on them. And, perhaps -it seems it is what happens- making decisions that are counter to the path that VRC should pursue. Everyone seems to be willing to pay a premium in crypto for the latest version of anon. Still. It is ridiculous but it is a fact. So, all of a sudden, Doug announces that they are working on an anon feature when we have all been informed, many times over, that anon is not a priority for VRC. Like I said, it has all the looks of being something hurried to try and stop the dumping. And that would be very unnecessary and, again, counter productive in the long run.

I posted before that the devs must cater to the stake holders of the coin that are the ones that have and are and will continue supporting the project. Not the people that will shout every time there's a sell off. And they should talk much less and do much more. Not necessarily features, but planning,  preparing meetings, preparing interviews, devising strategies -which they should bring here so the stakeholders could debate them-, preparing (much better) the hang outs, etc.

You, and many -I'd venture a huge majority-, and me could care less about anonymity. As a matter of fact, you and me find it counterproductive for the image and final purpose of this coin. But I understand they feel pushed to implement it to try and revert the humongous dump... but lets go, again, to the dump: It isn't their  fault. It isn't a consequence of the rollback. It isn't anything that could or should be stopped. It just happened because, at this point in time, not many new money is coming in and many people that had heavy gains, sold to invest in some promising new coins. As simplke as that. But worse decline in terms of % of "loss" has been had in the same period of time by other coins not perceived as especially volatile, such as NAUT, PC or BC to mention only three of them. In those cases -and there will be others in the future- the devs should only say they know of no reason for the sell off and get back to work. That should be calming enough for the stakeholders. And some will panic and sell and some others will do the opposite. Rinse and repeat. It is a constant in crypto and it is not going to change much in the relatively near future.

Now, regarding your idea of VERIFICATION, I cannot possibly be more IN SUPPORT of it. It goes, totally, with the image and the philosophy Vericoin should stand for. Thank you for suggesting it and, hopefully, the majority of stakeholders will support it and the devs would decide to implement it yesterday.

Keep bringing them on, please.

I think verification options in Vericoin would = game changer. Merchants could have no network fees, and we don't need them for customer to merchant transactions because the volume of people holding to stake should support the network regardless being POS and all. Something a POW coin might struggle with after initial coin loss. A POW coin would fail to meet its goal giving away network capacity without support. This is a key area for a POS coin to take the lead.

Possibly the best Idea in crypto I have heard in a long time. It also happens to be a identity that Vericoin fits well into.

[barabbas]

People say things like "Oh, Vericoin, the Paypal of the crypto world" Like that's a BAD thing!?

Paypal might be far from perfect, but they are THE payment method of choice for the entire internets...

I understand what you are saying but "of choice" doesn't apply: Ebay imposes it and that's why it is the payment that most people use on the internet. Amazon doesn't use it and that's quite some market.

It is up for debate if being identified as "the PayPal of the crypto world" would be negative or not to the image of Vericoin. Personally I don't believe it will be, as long as it is not PayPal dependent or perceived as PayPal dependent (vendors HATE the chargebacks PayPal is famous for), but others may have different opinions... and the devs the last word. Again, good thinking, thank you. These types of ideas are -or should be- what moves the project forward toward the mainstream.

[Isokoira]

Good call, ignored both of those trolls (bobsurplus and phzi). It is so blatantly obvious when people have a monetary agenda and just spam the same crap over and over like puppets.

You can get the latest list of fudders here so that you do not have to listen to the nonsense.
http://www.vericoinish.com/index.php/blog/the-fud-list

Needs more, SkyValeey  keshuker  mrkavasaki  ItsNotMe

I don't agree with barabbas being on that list though, there are people who you can disagree with but understand they are not FUD slingers, just different opinion havers ('smoothie' another example imo).

I second that, Barabbas has actually been quite insightful lately and has shown willingness to give constructive criticism.  I have actually enjoyed reading what is said lately compared to oh so many pages ago.  Honestly had you on my ignore list early on.

[PUMPBANDIT]

You should not use BS. Ever. In public.

O come on babs, Man you crack me up with some of the shit you come up with.

Ebay owns paypal in case you didn't know either guys.

Veribay anybody?

[Monkeys]

effectsToCause (Doug) has written yesterday about developing a new method of anonymity that can compete with the best of them.

Tbh, i couldn't care less about anonymity.. What's the big deal with anonymity really!!?? Are we all just drug dealers and scammers that all we care about is anonymity?

I propose the opposite of anonymity, VERIFICATION! As an option of course. Surely a coin like VERIcoin could see the value of true verification attached to wallets?

"Vericoin Verified" anyone?

Which would you feel more comfortable with, sending your money to a merchant with a verified identity, or sending money to a merchant with an anonymous and untraceable transaction??

Seriously, anonymity is the dumbest thing I've ever heard of for a currency that is supposed to be going MAINSTREAM? It's completely counter intuitive..

Lets discuss =)

Why can't we do both...VERIfied and VeriSend!

Being verified would set us apart from the rest of the pack and make us more acceptable as a true currency!

VeriSend could be the anonymous feature for a choice for the user.

We would defiantly get a lot of FUD for implementing this feature of being VERIfied...but again we would be the only coin doing it. Merchants would be put at ease knowing exactly who they are dealing with.

Now THERE'S an idea. We COULD go both routes as long as both are optional

Like socal mentioned we are actually working on both ends of the spectrum, it's pretty exciting stuff.  However it seems that so much of the market variability we have seen is due to buying on rumors and selling on news and all that jazz.  We don't want to give too much power to rumor and news.  It just isn't efficient to work in that context, so we are being a bit more tactful and strategic about announcements regarding the yet to be released features.  However if you watch the hangout tomorrow you will get a more info about what we have been working on.  Also final fix for windows wallet is coming, I'm doing some test builds right now and then we will start working on phase two of the 'Buy VeriCoin' button, which will be more customized for the wallet.

I'm Veri glad to hear that you are considering verification as the way forward.

If it were me, I would be focussing on that step first and foremost. As it would be revolutionary for a crypto.

I've also got other ideas to help spread Vericoin, if you'd like I could PM you to discuss further?

[socal]

effectsToCause (Doug) has written yesterday about developing a new method of anonymity that can compete with the best of them.

Tbh, i couldn't care less about anonymity.. What's the big deal with anonymity really!!?? Are we all just drug dealers and scammers that all we care about is anonymity?

I propose the opposite of anonymity, VERIFICATION! As an option of course. Surely a coin like VERIcoin could see the value of true verification attached to wallets?

"Vericoin Verified" anyone?

Which would you feel more comfortable with, sending your money to a merchant with a verified identity, or sending money to a merchant with an anonymous and untraceable transaction??

Seriously, anonymity is the dumbest thing I've ever heard of for a currency that is supposed to be going MAINSTREAM? It's completely counter intuitive..

Lets discuss =)

Why can't we do both...VERIfied and VeriSend!

Being verified would set us apart from the rest of the pack and make us more acceptable as a true currency!

VeriSend could be the anonymous feature for a choice for the user.

We would defiantly get a lot of FUD for implementing this feature of being VERIfied...but again we would be the only coin doing it. Merchants would be put at ease knowing exactly who they are dealing with.

Now THERE'S an idea. We COULD go both routes as long as both are optional

Like socal mentioned we are actually working on both ends of the spectrum, it's pretty exciting stuff.  However it seems that so much of the market variability we have seen is due to buying on rumors and selling on news and all that jazz.  We don't want to give too much power to rumor and news.  It just isn't efficient to work in that context, so we are being a bit more tactful and strategic about announcements regarding the yet to be released features.  However if you watch the hangout tomorrow you will get a more info about what we have been working on.  Also final fix for windows wallet is coming, I'm doing some test builds right now and then we will start working on phase two of the 'Buy VeriCoin' button, which will be more customized for the wallet.

I'm Veri glad to hear that you are considering verification as the way forward.

If it were me, I would be focussing on that step first and foremost. As it would be revolutionary for a crypto.

I've also got other ideas to help spread Vericoin, if you'd like I could PM you to discuss further?

considering how busy they are it would probably be better for you to PM him just a suggestion

[socal]

i wonder whatever happened to coine smith?

[Monkeys]

People say things like "Oh, Vericoin, the Paypal of the crypto world" Like that's a BAD thing!?

Paypal might be far from perfect, but they are THE payment method of choice for the entire internets...

I understand what you are saying but "of choice" doesn't apply: Ebay imposes it and that's why it is the payment that most people use on the internet. Amazon doesn't use it and that's quite some market.

It is up for debate if being identified as "the PayPal of the crypto world" would be negative or not to the image of Vericoin. Personally I don't believe it will be, as long as it is not PayPal dependent or perceived as PayPal dependent (vendors HATE the chargebacks PayPal is famous for), but others may have different opinions... and the devs the last word. Again, good thinking, thank you. These types of ideas are -or should be- what moves the project forward toward the mainstream.

As a person that makes quite a lot of purchases on the internet, I ONLY send my money via Paypal, even if there are additional fees associated as there sometimes are. Why? Security, simple as that. Now, lets not go in to the "Oh Paypal isn't as secure as you might think bla bla bla.." discussion. The point is, that if I've ever had a legitimate issue with a product or service I have purchased through Paypal, I have been looked after.

I understand that merchants have been burned by Paypal before, through chargebacks and the likes, but tbh it is usually the fault of the merchant for not ensure they follow the required precautions when dealing with a dodgy buyer.

I've also been a small time merchant on eBay (I used to buy and sell iPhones when they first came out and weren't released in many countries) and I did encounter my fair share of dodgy buyers that attempted to exploit the loopholes in Paypals seller protection program. I was lucky enough to be able to smell a rat a mile away and avoided being burned. This is just a part of life, you have to be cautious when dealing on the internet (or anywhere really). No amount of verification or seller protection can protect you from being scammed if you are not cautious yourself..

My $0.02 VRC

[PUMPBANDIT]

That's exactly what I was thinking. I remember him too. He was alright ol' coine.
talk about winding back the VRC clock their.

[socal]

That's exactly what I was thinking. I remember him too. He was alright ol' coine.
talk about winding back the VRC clock their.

lol that just shows how long i've been around lmao

[PUMPBANDIT]

yeah grandpa  

I can remember PMing Pat, would he do a utube video and prove he was real.
He said he would think about it.
God that was before mysterious Dev 3 even existed.
lols

[Monkeys]

I've got another idea to help spread Vericoin to new users. A referral program.

The fact of the matter is that people need incentives to actually actively tell people about Vericoin, and to encourage them to download the wallet, and BUY Vericoin.

What better way to do this than to reward people who actually get new users to start using Vercoin, than to reward them with Vericoin?

Now, for this to work it would go hand in hand with Verification, this would prevent exploitation, as only once a new user has been verified, would rewards be paid to the referrer.

Thoughts?