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

[socal]

to all of you just joining the convo Monkeys had a very good VERIfication idea and effects has even stated that they (the Devs) are working on addressing BOTH ends of the spectrum in other words an optional Verification method and an optional Anon method, I thinks Monkeys Idea needs a bit of possible refinement and we also need to figure a way to viably and quickly implement the referral idea as well  

[Monkeys]

to all of you just joining the convo Monkeys had a very good VERIfication idea and effects has even stated that they (the Devs) are working on addressing BOTH ends of the spectrum in other words an optional Verification method and an optional Anon method, I thinks Monkeys Idea needs a bit of possible refinement and we also need to figure a way to viably and quickly implement the referral idea as well  

Cheers Socal =)

I firmly believe that if the Verification and some sort of a referral program were to be implemented right now, a Vericoin would EXPLODE, firstly within the crypto world, and then not too long after in to the mainstream.

I have no doubt about this.

You could literally build an entire coin based on these two ideas alone. No other coin has anything like this, and combined they would be a game changer

Even if the devs were to come in here and discuss or even say that they plan to EVENTUALLY implement these two ideas, well...

[CodeHunter]

Anon is popular, because bitcoin people are loony hoarders and financial meltdown freaks.

Uhm, no, anon is popular because crypto will never be used legally in any reasonable way. The big governments of the world are cracking down on it. Some will ban it outright (Russia, China), others will regulate it more and more until it's not viable as a currency anymore (New York). This is reality as we see it today.

Look at bitcoin transaction volume, a coffee shop in seattle wash has more transaction volume than the whole bitcoin currency.

That's because the hoarders feel that it will go up in value. And if that's the case with Vericoin (which we all hope), then it will be hoarded aswell.

[Monkeys]

I'd like to also reiterate that I believe that if the referral program was built in the the actual coin itself, and that by referring new users who become VeriFied you are minted a small amount of VRC as a reward. The coin would grow literally exponentially with one or two years.

The extra inflation this would cause would be insignificant next to the growth of the market cap as a result.

Thoughts?

[buy4crypto]

Here is a referral program crypto. I doubt you can gain anything from it, as it is horribly run, but others are doing this idea with referrals.

The coin is called Latium if anyone is trying to see how other cryptos do referral.

[johnwest]

Here is a referral program crypto. I doubt you can gain anything from it, as it is horribly run, but others are doing this idea with referrals.

The coin is called Latium if anyone is trying to see how other cryptos do referral.

THat refferal programme not working greatly, I saw some complaint about them.

[kasman5]

Just registered here as just being a lurker is no fun and frustrating as hell reading so much crap. I really think Vericoin has potential but we need to get our shit together and start having intelligent discussions around the future of the coin. The Devs can only do so much!

Monkeys your idea of the referral could be game changing. If a percentage of coins made through staking were used as part of a referral scheme we would see much faster growth. This feature could be hard coded in!! People are lazy but if they have an incentive then their attitude changes. Referral schemes have shown to be a successful marketing strategy for thousands of companies, we need to do this. The Verifund in theory is a great idea but in practice is useless. It relies on peoples generosity to fund new projects. Your probably thinking then why shouldn't we send a percentage of the coins to the verifund. To answer this I would say that at this stage it is more important to get an influx of new users and with it growth. The incentive for people to start developing projects is the fact the user base is growing, the coin price is increasing.

Remember all this venture capital money going into Bitcoin is investing in Crypto, NOT Bitcoin. If we aim for massive user growth and achieve this then these companies will start turning their heads. In my humble opinion the referral scheme goes some way in doing this.

[setup]

Hi,

I hope it's not a silly question. I can send BTC out of my wallet (I never did it yet). Can I also send BTC to my VRC wallet or do i have to go over an Exchange?

Cheers,
Michael

[Monkeys]

Just registered here as just being a lurker is no fun and frustrating as hell reading so much crap. I really think Vericoin has potential but we need to get our shit together and start having intelligent discussions around the future of the coin. The Devs can only do so much!

Monkeys your idea of the referral could be game changing. If a percentage of coins made through staking were used as part of a referral scheme we would see much faster growth. This feature could be hard coded in!! People are lazy but if they have an incentive then their attitude changes. Referral schemes have shown to be a successful marketing strategy for thousands of companies, we need to do this. The Verifund in theory is a great idea but in practice is useless. It relies on peoples generosity to fund new projects. Your probably thinking then why shouldn't we send a percentage of the coins to the verifund. To answer this I would say that at this stage it is more important to get an influx of new users and with it growth. The incentive for people to start developing projects is the fact the user base is growing, the coin price is increasing.

Remember all this venture capital money going into Bitcoin is investing in Crypto, NOT Bitcoin. If we aim for massive user growth and achieve this then these companies will start turning their heads. In my humble opinion the referral scheme goes some way in doing this.

Yes!! This guy gets it too =D

More intelligent conversation, and let's get this referral program hard coded , and let's get this VeriFication program happening!

Also, let's cut the nonsense on this forum and be dedicated to putting forward only constructive , intelligent and positive discussion!

I got in to crypto because I thought it would be fun to talk nerdy with intelligent like minded people, so far I've been disappointed, until now!

Keep it coming guys =)

A word from the devs would be GREAT also ;-)

[kasman5]

Hi,

I hope it's not a silly question. I can send BTC out of my wallet (I never did it yet). Can I also send BTC to my VRC wallet or do i have to go over an Exchange?

Cheers,
Michael

DO NOT SEND BTC TO YOUR VRC WALLET. You send Bitcoin to Bitcoin only addresses that an exchange can provide you with. You then exchange Bitcoin for VRC at the market rate. Send this VRC to your VRC wallet.  

Hope that helps.

[buy4crypto]

If we have learned anything, please don't pressure the developers to come out and say "We are going to do this soon"

We are going to be right back in the same place with WizRIG 2.0


PLEASE DO NOT tell everyone what you are doing, outline a vision, that is great. competition can only gain from our improper planning and execution. Its all great to discuss ideas and give the team something to help the vision.. But please, please please, DO NOT repeat past mistakes!


The developers are learning, they may have aided pump and dump groups with the last campaign for awareness by telegraphing the plans so much. As you can see it created a temporary price spike, which in the end did nothing positive but to de-stabalize our currency and create a bad image for many investors.


The last things the developers should do is create large price swings up / down based on promises. As you can see promises can lead to let downs. And in crypto things can be forgotten, and some things can never be forgotten. I will never forget Wizrig and the trouble his pump and dump caused for many investors. If they show a effort to change, grow, and distance itself from pumpers / scammers like wizrig then I will feel much more confident. This is something that they can prove, by not catering to the pumpers and dumpers anymore. That time has long come and gone, we got burned, and hopefully lessons learned.


If they continue to let pump and dump groups control vericoin by announcing plans.. Well then you will have Wizrig, Crindon and the rest who will front load, promise the world, and then dissapear with grace. Why so graceful? Well more than likely we put 10s, if not hundreds of thousands in there pockets from this planned pump that started in June. Meanwhile, lil joe, sue, and mom n pops all over the world lost 20 bucks, a few hundred, a couple thousand. All to make the pumpers profit.. Think about it. This coin has a bright future, stop letting it be controlled by people playing games.

Just look at the manipulation on VRC, you can see the same bot on trex / cryptsy doing "777" buys and sells. They are just arbitraging the shit out of it by creating large swings in price, and have been for a long time. This person just skims btc off VRC constantly, with no loss since they are spread across exchanges making only profitable buys / sells. That creates a constant sell pressure. Small players are not making bots on multiple exchanges with that kind of purse behind it. Someone is got this coin by the balls right now, and we need separation.

Let's take control back of VRC, no more catering to PnD's PLEASE!

[setup]

Hi,

I hope it's not a silly question. I can send BTC out of my wallet (I never did it yet). Can I also send BTC to my VRC wallet or do i have to go over an Exchange?

Cheers,
Michael

DO NOT SEND BTC TO YOUR VRC WALLET. You send Bitcoin to Bitcoin only addresses that an exchange can provide you with. You then exchange Bitcoin for VRC at the market rate. Send this VRC to your VRC wallet.  

Hope that helps.

yes it helped, thx. So I have to continue paying fees to the exchanges. Maybe it's poosible in the future, it shouldn't be such a big Problem.

[Monkeys]

Here is a referral program crypto. I doubt you can gain anything from it, as it is horribly run, but others are doing this idea with referrals.

The coin is called Latium if anyone is trying to see how other cryptos do referral.

THat refferal programme not working greatly, I saw some complaint about them.

Yes I've seem this Latium coin. It is entirely based up referrals, which is ridiculous.. You can't have an entire coin based on referrals, that's just silly. But implementing a referral program in to an otherwise well thought out and already well distributed POS coin like Vericoin, and you have a winner!

Also, any plans to implement POSV? I like the idea of this algorithm as it promotes and rewards both staking AND transactions.

The referral program is better though, and of course, the key to it all VERIFICATION.

[setup]

Here is a referral program crypto. I doubt you can gain anything from it, as it is horribly run, but others are doing this idea with referrals.

The coin is called Latium if anyone is trying to see how other cryptos do referral.

THat refferal programme not working greatly, I saw some complaint about them.

Yes I've seem this Latium coin. It is entirely based up referrals, which is ridiculous.. You can't have an entire coin based on referrals, that's just silly. But implementing a referral program in to an otherwise well thought out and already well distributed POS coin like Vericoin, and you have a winner!

Also, any plans to implement POSV? I like the idea of this algorithm as it promotes and rewards both staking AND transactions.

The referral program is better though, and of course, the key to it all VERIFICATION.

If there comes an obligation to get verified, I'm out.

[kasman5]

So Latium is using premined coins to fund the referrals?

[evoked22]

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

Paypal is one of the most corrupted organisations on the planet that pretends to be a bank even though they are far from it. They are a fully mafia organisation that highly dislike cryptocurrencies. I would personally avoid it at all costs. They burnt so many people with bitcoins and refused to look at the block chain or any of that stuff due to the overall threat placed on them from cryptos.

Even being cautious will not stop this organisation from scamming your money in order to protect the ¨buyer" who have been showing in hundreds claiming that their account was ´wrongfully´ used. What kind of an organisation in this day and age allows their users accounts to be used ´wrongfully on so many occasions´ and take no responsibility to make their system stronger with a 2fa or something like that but instead just rip off the  sellers. Its joke mate.

Thats my $1000.00

[socal]

Here is a referral program crypto. I doubt you can gain anything from it, as it is horribly run, but others are doing this idea with referrals.

The coin is called Latium if anyone is trying to see how other cryptos do referral.

THat refferal programme not working greatly, I saw some complaint about them.

Yes I've seem this Latium coin. It is entirely based up referrals, which is ridiculous.. You can't have an entire coin based on referrals, that's just silly. But implementing a referral program in to an otherwise well thought out and already well distributed POS coin like Vericoin, and you have a winner!

Also, any plans to implement POSV? I like the idea of this algorithm as it promotes and rewards both staking AND transactions.

The referral program is better though, and of course, the key to it all VERIFICATION.

If there comes an obligation to get verified, I'm out.

dude read ALL the posts the verification would be 100% OPTIONAL as in YOU DONT HAVE TO DO IT IF YOU DONT WANT TO, it would be a means to provide some sort of assurance to merchants and a way of holding accountability

and I'm just curious here but do you have a credit card? a debit card? a mortage or rent? a car note? insurance? a bank account of any kind? if so then you had to get verified in some form or fashion for any one of those things so what do you have to hide? you don't really have to answer I'm just making the point that this whole "I WANT 100% ANON AND ANYTHING THAT REQUIRES ME TO PROVE I AM WHO I SAY I AM I WONT TOUCH" mindset in crypto in general is not only EXTREAMELY counter productive but downright infantile, I'm not saying I'm in support of gov't watchlists and such, far from it in fact, but in the mainstream real world some level of verification and accountability is REQUIRED no ifs ands or buts about it

[setup]

Here is a referral program crypto. I doubt you can gain anything from it, as it is horribly run, but others are doing this idea with referrals.

The coin is called Latium if anyone is trying to see how other cryptos do referral.

THat refferal programme not working greatly, I saw some complaint about them.

Yes I've seem this Latium coin. It is entirely based up referrals, which is ridiculous.. You can't have an entire coin based on referrals, that's just silly. But implementing a referral program in to an otherwise well thought out and already well distributed POS coin like Vericoin, and you have a winner!

Also, any plans to implement POSV? I like the idea of this algorithm as it promotes and rewards both staking AND transactions.

The referral program is better though, and of course, the key to it all VERIFICATION.

If there comes an obligation to get verified, I'm out.

dude read ALL the posts the verification would be 100% OPTIONAL as in YOU DONT HAVE TO DO IT IF YOU DONT WANT TO, it would be a means to provide some sort of assurance to merchants and a way of holding accountability

and I'm just curious here but do you have a credit card? a debit card? a mortage or rent? a car note? insurance? a bank account of any kind? if so then you had to get verified in some form or fashion for any one of those things so what do you have to hide? you don't really have to answer I'm just making the point that this whole "I WANT 100% ANON AND ANYTHING THAT REQUIRES ME TO PROVE I AM WHO I SAY I AM I WONT TOUCH" mindset in crypto in general is not only EXTREAMELY counter productive but downright infantile, I'm not saying I'm in support of gov't watchlists and such, far from it in fact, but in the mainstream real world some level of verification and accountability is REQUIRED no ifs ands or buts about it

I wrote about an obligation. Of course i am registered in my home country (Germany) in many ways. But most of this information is save and protected under german law. I have nothing to hide, but I don't want to be observed in everything I do. I want to decide beeing anonymous or not. It's ridicoulous what NS* and Co are doing actually. But i don't want to start an endless discussion.
All I said is if "I have to be" verified I'm out. If I'm free to decide everything is fine.

[socal]

of course you could decide to be verified or not it wouldnt really work any other way

[Reavon]

Here is a referral program crypto. I doubt you can gain anything from it, as it is horribly run, but others are doing this idea with referrals.

The coin is called Latium if anyone is trying to see how other cryptos do referral.

THat refferal programme not working greatly, I saw some complaint about them.

Yes I've seem this Latium coin. It is entirely based up referrals, which is ridiculous.. You can't have an entire coin based on referrals, that's just silly. But implementing a referral program in to an otherwise well thought out and already well distributed POS coin like Vericoin, and you have a winner!

Also, any plans to implement POSV? I like the idea of this algorithm as it promotes and rewards both staking AND transactions.

The referral program is better though, and of course, the key to it all VERIFICATION.

If there comes an obligation to get verified, I'm out.

dude read ALL the posts the verification would be 100% OPTIONAL as in YOU DONT HAVE TO DO IT IF YOU DONT WANT TO, it would be a means to provide some sort of assurance to merchants and a way of holding accountability

and I'm just curious here but do you have a credit card? a debit card? a mortage or rent? a car note? insurance? a bank account of any kind? if so then you had to get verified in some form or fashion for any one of those things so what do you have to hide? you don't really have to answer I'm just making the point that this whole "I WANT 100% ANON AND ANYTHING THAT REQUIRES ME TO PROVE I AM WHO I SAY I AM I WONT TOUCH" mindset in crypto in general is not only EXTREAMELY counter productive but downright infantile, I'm not saying I'm in support of gov't watchlists and such, far from it in fact, but in the mainstream real world some level of verification and accountability is REQUIRED no ifs ands or buts about it

I wrote about an obligation. Of course i am registered in my home country (Germany) in many ways. But most of this information is save and protected under german law. I have nothing to hide, but I don't want to be observed in everything I do. I want to decide beeing anonymous or not. It's ridicoulous what NS* and Co are doing actually. But i don't want to start an endless discussion.
All I said is if "I have to be" verified I'm out. If I'm free to decide everything is fine.

Ofcourse you will be free to decide i am from germany too bro and i feel you.
NSA is kinda douchebag.. therefore i am more tuned to protect my privaticy for example i dont use facebook or whatsapp , allways change my email accounts i use for "internet"stuff and vpn my ass off. But privaticy is like securing your own Cryptocoin , your own buisness and you should take it serious! That i do say to all of you guys.