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

[Autodidact]

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

He started the topic on Dirac so maybe it's bryce and he's no longer interested in this coin?  Or someone close to him that has equal thoughts on the subject... that's my guess anyway

[MAD945]

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?

Interesting idea...I like it!

[barabbas]

Just bought another modest amount. Traded a couple of good lots for small profit earlier too. We might be in a tight channel for a little while.

[MAD945]

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

He started the topic on Dirac so maybe it's bryce and he's no longer interested in this coin?  Or someone close to him that has equal thoughts on the subject... that's my guess anyway

If it was Bryce, that would explain why he was sooooo vocal about Vericoin hack

[lootz]

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?

sounds like a government plan, how about for people that would not want their name on another database ? That wouldnt make it very fair. Sound like 2 separate ideas, 1 for verification/reward and another referral /reward

[barabbas]

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?

Interesting idea...I like it!

I like it but as a secondary step to verification. Much more secondary.

Truth is that VRC should not be desperate about new users/investors. That should be part of a general strategy of much, much wider proportions, but yes, why not, a referral program is advisable and quite interesting. But first we have to have VERY CLEAR, where VRC is going. Which are -if they remain- the primary objectives and what will be the path, regardless what the markets do.

That is not to say that flexibility should be abandoned, on the contrary. The coin will continue suffering growing pains for sure and devs should adapt to whatever new challenges/circumstances, but the general vision should remain above all. That's the anchor of the stakeholders. That's the support thjat will stay through thick and thin, regardless what the price of the coin is.

[barabbas]

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?

sounds like a government plan, how about for people that would not want their name on another database ? That wouldnt make it very fair. Sound like 2 separate ideas, 1 for verification/reward and another referral /reward

Or, maybe, people who don't want their names in another data base, should perhaps consider investing in Darkcoin instead. It would seem a more appropriate fitting... Or any of teh gazillion coins that offer anon features already.

[MAD945]

I think we shouldn't get ahead of ourselves...

We should be sticking to the main idea of verified transactions and anonymous transactions

VeriSend = Verified transactions in the blockchain, one wallet linked to a Verified Identity and a Vericoin ID Number...maybe some kinda of rating system for trusted users. Maybe verified users would gain more interest, and incentive to be a trusted user.


VeriShield = Completely Decenterilized Anonymous transactions...can create as many wallets as needed.

Again ZERO transaction Fees...


Also Vericoin needs to be as secure as humanly possible...the wallet needs password to send, 2FA, multisig. Encryption up the wazzzoooo

[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?

Interesting idea...I like it!

Glad to hear it =)

I feel that currently the only people involved in Vericoin, are crypto traders. While that's to be expected currently as it is in its infancy, if it is to ever achieve its goal of being a mainstream currency, it needs to be pushed on to new users. Or even sooner, pushed on to current users of crypto!

For me, I'm not going to tell my fellow crypto enthusiast, that they should look at using Vericoin for their online payments because it is accepted anywhere Bitcoin is =/ That just wont fly. Faster transactions times are great (it is really great BTW), but people need an incentive to actually use things like Veribit and to encourage new users to do the same.

Now the tricky part is to balance the reward against the longevity of the coin. Obviously you don't want to be causing excessive inflation to the coin due to the reward program. So how could it be achieved?

[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?

sounds like a government plan, how about for people that would not want their name on another database ? That wouldnt make it very fair. Sound like 2 separate ideas, 1 for verification/reward and another referral /reward

As I said, it is optional. For those who don't want their names listed, don't get verified. Simple as that.

My point was that the verification system could be used to easily prevent exploitation of the referral program. If people are afraid of getting their names listed against their transactions for fear of government tracking, then they simply wont get any referral rewards.

[MAD945]

How bout a monthly bonus of extra interest for referrals?

[Monkeys]

I think we shouldn't get ahead of ourselves...

We should be sticking to the main idea of verified transactions and anonymous transactions

VeriSend = Verified transactions in the blockchain, one wallet linked to a Verified Identity and a Vericoin ID Number...maybe some kinda of rating system for trusted users. Maybe verified users would gain more interest, and incentive to be a trusted user.


VeriShield = Completely Decenterilized Anonymous transactions...can create as many wallets as needed.

Again ZERO transaction Fees...


Also Vericoin needs to be as secure as humanly possible...the wallet needs password to send, 2FA, multisig. Encryption up the wazzzoooo

Absolutely agree with the security necessity. passwords, 2FA, encryption, possibly even email verification for larger transactions. The more the better IMO.

[CodeHunter]

I think we shouldn't get ahead of ourselves...

We should be sticking to the main idea of verified transactions and anonymous transactions

VeriSend = Verified transactions in the blockchain, one wallet linked to a Verified Identity and a Vericoin ID Number...maybe some kinda of rating system for trusted users. Maybe verified users would gain more interest, and incentive to be a trusted user.


VeriShield = Completely Decenterilized Anonymous transactions...can create as many wallets as needed.

Again ZERO transaction Fees...


Also Vericoin needs to be as secure as humanly possible...the wallet needs password to send, 2FA, multisig. Encryption up the wazzzoooo

The devs should also rename these options to make them more comprehensible to the average person and beginner.

Anonymous transactions should be called VeriAnon.

And the verified transactions should be called VeriFied.

This would add to the first time usage functionality of the wallet.

[CodeHunter]

and if it's going to be called VeriAnon, it would have to have high standards in the anonymity department.

If Doug mentioned that he has ideas on how to make the best anon, then why hold that back? And when it's done, call it VeriAnon.

[Monkeys]

I think we shouldn't get ahead of ourselves...

We should be sticking to the main idea of verified transactions and anonymous transactions

VeriSend = Verified transactions in the blockchain, one wallet linked to a Verified Identity and a Vericoin ID Number...maybe some kinda of rating system for trusted users. Maybe verified users would gain more interest, and incentive to be a trusted user.


VeriShield = Completely Decenterilized Anonymous transactions...can create as many wallets as needed.

Again ZERO transaction Fees...


Also Vericoin needs to be as secure as humanly possible...the wallet needs password to send, 2FA, multisig. Encryption up the wazzzoooo

The devs should also rename these options to make them more comprehensible to the average person and beginner.

Anonymous transactions should be called VeriAnon.

And the verified transactions should be called VeriFied.

This would add to the first time usage functionality of the wallet.

I like the names, and the referral program could be called VeriFerred!

[lootz]

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?

sounds like a government plan, how about for people that would not want their name on another database ? That wouldnt make it very fair. Sound like 2 separate ideas, 1 for verification/reward and another referral /reward

As I said, it is optional. For those who don't want their names listed, don't get verified. Simple as that.

My point was that the verification system could be used to easily prevent exploitation of the referral program. If people are afraid of getting their names listed against their transactions for fear of government tracking, then they simply wont get any referral rewards.

Its a good idea bro I like it, when I think verification I start thinking utility bill, ID, blood samples lol. I am sure it will be as simple as possible

[Monkeys]

How bout a monthly bonus of extra interest for referrals?

Yeah I was thinking something along those lines. But perhaps people would prefer a more 'instant' type of reward? Perhaps a simple 10 VRC referral reward once a new user has been VeriFied and deposits a certain amount of VRC in their wallet?

[socal]

How bout a monthly bonus of extra interest for referrals?

this could be easily implemented and cost effective

[Monkeys]

How bout a monthly bonus of extra interest for referrals?

this could be easily implemented and cost effective

Cost effective for whom, Vericoin or the referrer? It needs to be a nice balance between keeping the inflation low with VRC, which isn't much of a problem since 2.3% is already very low. Anything below 3.5% is acceptable IMO.

It would really only cause extra inflation during the expansion phase of the coin anyways. 5-10 years down the track, once it has been established, it could be abolished.

[socal]

How bout a monthly bonus of extra interest for referrals?

this could be easily implemented and cost effective

Cost effective for whom, Vericoin or the referrer? It needs to be a nice balance between keeping the inflation low with VRC, which isn't much of a problem since 2.3% is already very low. Anything below 3.5% is acceptable IMO.

It would really only cause extra inflation during the expansion phase of the coin anyways. 5-10 years down the track, once it has been established, it could be abolished.

cost effective for Vericoin maybe give like one day of double Interest per refferal that would keep the overall inflation rate in line with original projections and give the added incentive