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Question: Where would you prefer the VRC/VRM exchange pair be?
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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1351064 times)
pi933
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July 25, 2014, 04:14:26 PM
 #11601

I'm not sure how many times we need to say this, but we were aiming to make a direct CC FIAT/VRC system however due to the fact that we are all in the USA and require FINCED compliance as well as other legal compliance we couldn't do that.

Don't sit on this just thinking it's too hard to pull off (not suggesting you are...). Get the ball rolling now and knock out the obstacles as they come, even slowly will do. It'll get done and be a huge feature. The masses need this to be as simple as possible,

that means they have to be a currency and a bank at the same time -- (i.e like coinbase, bit pay / federal reserve)..
if you go back in history, coinbase & bitpay = modern banks

I am sure this has been discussed ad nauseam all over the cryto world (I'm still ramping up) but how about considering VRC a product and not a currency? They'd simply be selling their product from within the wallet. I would be worried future regulations (possibly current) could stop this in its tracks...
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July 25, 2014, 04:18:58 PM
 #11602

All can vote for VeriCoin here;
https://bitcointalk.org/index.php?topic=568166.0

or you can vote for StealthCoin  Grin
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July 25, 2014, 04:33:22 PM
 #11603

I have created a  raw Whitepaper which will do something i think will implement all VeriCoins features in one
decentrlised and Easy to use one.

My idea creats a concept to not beeing dependet of Moolah to buy VRC/Fiat. Also the buying of VRC/FIAT in my created idea supports VRC/BTC price and it will be decentrelised because you do it all out from your wallet. Also decentrelised VeriSend and VeriBit.

I have to write it now on my computer with some nice Graphics could take some days. (its only on Paper now.)

My motivation for this Idea was the Huge failure of Mintpal by handling our Coins so inappropriate on a hotwallet , thats why i rant on them so hard on twitter.
I was glad i had all my VRC on the wallet staking. But felt so sorry for all my brothers and sister who kept VRC on mintpal.

Thats why i dont want anybody ever to have his coins a exchange.

Please dont get me wrong i am not a Coder or some supersmart Crack in terms of coding, i am just an student engeneer for electricenergie tech on a german Collage. It happens  i have had some free time after my last exam so i could think about how to solve some useability issues with veriCoin .

first I will present the whitepaper, once i copy it as a PDF, to our dev and than i will be avaible for questions.
Once devs decide it is a good idea i will donate this idea to them as i think it will be in good hands.
If they decide it is not capable of what is possible, i will publish it to the community on VeriTalk and we all can discuss how to improve it .

Please mind that i dont speak the best english. I mainly talk German and Russian. But my english is better than my Spain and Romanian Smiley.

AGAIN. It wont be some code i created i just an idea on what i know about crypto and think that is possible to implement in one wallet. Dont expect to much but it will be exactly that what you imagine if you think about decentrelised VeriSend VeriBit and so on.

So stay tuned this community is so awesome i finally found a nice place to stay , so i invite everyone who loves VeriCoin Smiley to VeriTalk.info .




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July 25, 2014, 05:10:11 PM
 #11604

And something else.

I just recieved 30 VRC by the begin of stake is this normal? I am not a bigfish staker by the way. Have arround 30K.
effectsToCause
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July 25, 2014, 05:35:27 PM
 #11605

Regarding VRC/FIAT wallet.  As I have said multiple times now, this is just iteration one.  We are working with moolah to customize the exchange for the wallet, utilize some new features they have on the way, and we will not be dependent on moolah and will be adding other exchanges as well.  VRC/FIAT is not done.  It is a big work in progress and is taking longer than we thought to implement and devise a optimal strategy, but not anywhere near complete.
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July 25, 2014, 05:37:35 PM
 #11606

I see your Schwartz is as big as mine!

Grin

https://www.youtube.com/watch?v=IjVatNQr-GM
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July 25, 2014, 05:38:04 PM
 #11607

And something else.

I just recieved 30 VRC by the begin of stake is this normal? I am not a bigfish staker by the way. Have arround 30K.

I just check your wallet. You get 30~ because your 20k~ coins 14 days old. Its first stake for this coins.

  

 
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Unlimited scalability using sharding and double-layer
Blockchain
 

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ʃʃʃ
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July 25, 2014, 05:43:04 PM
 #11608

And something else.

I just recieved 30 VRC by the begin of stake is this normal? I am not a bigfish staker by the way. Have arround 30K.

I just check your wallet. You get 30~ because your 20k~ coins 14 days old. Its first stake for this coins.

 Ah alright cool. Thx
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July 25, 2014, 06:41:29 PM
 #11609

OK we need to stop IGNORING realities deliberately and going around and around and around the same subjects wasting space, everybody's time and, especially, forcing the devs to waste their time in reading post pof no consequence and having to repeat themselves a million times.

So it is perfectly clear for everyone and no need for more repeating: DUE to unavoidable legal reasons, the FIAT/VRC conversion will have to be made, ALWAYS, THROUGH A LICENSED THIRD PARTY (Moolah or any other). No matter how many ribbons and nice wrapping you want to put it in successive versions, the basics will always be the same: A link to Moolah, no matter how personalized. It also implies paying Moolah for their services. Is that cleart enough? Can we just put that to rest forever? You can choose to expect from that whatever you want but that is all there is and that is all there WILL be in the foreseeable future. End of that story.

Now to the important matters that need further debate and clarification: REFERRAL PROGRAM. Everyone more or less is on board on this. BUT it is still not clear at all how will it be financed. The interest/inflation is, in my opinion, a bad thing. I could elaborate much further, but there's no need. It can be financed that way or through specific donations to the fund from stakeholders. Either way, financing is not a problem. So let's get moving with it as soon as possible.

THE most important matter, by far: VERIFICATION. Since it will be optional, also everyone is on board with this. I am more than on board, I am downright enthusiastic about it. This will be a whopper, definitely THE game changer. Why? very simple: When you approach ANY vendor and you make them aware that you bring to the table tens of thousands -initially, many more with time- of VERIFIED potential customers, their appreciation of Vericoin changes from the ever suspect world of crypto, Bitcoin included, to a pool of potential customers that will know of their products and services instantly and will be one click away from their ordering link. I believe it will spread like wild fire. It is the definite gate towards mainstream. The stakeholders will enthusiastically support it, will verify themselves and everyone else they can convince and it will be a blockbuster.

Now, another thing that we NEED to put to rest, like yesterday, is the misconception some still have that the recent decline was somewhat produced by unfulfilled expectations, Wiz2, the roll back or whatever else. IT IS NOT TRUE. I have stated (and DEMONSTRATED) that is has been a phenom/circumstance that has affected many other well established coins also with no reasons for it. And those coins have been affected equally or more than VRC in the same exact period. So, please, lets just see the FACTS and the reality and stop using falsehoods to further agendas, no matter how legitimate those agendas can be. Otherwise we will continue exchanging very long posts again and again round and round about the same FALSE matters. It isn't productive. And, most significantly, IT SIMPLY IS NOT TRUE.

On that very subject, there's no possible control we or the devs may have over P&Ds created by outside groups. It may be The Black Hand or any other. They have the resources, the buy and they pump. Nothing the devs or the rest of the stakeholders can or SHOULD do about that. It goes with the territory and, as long as we are all aware of it, everything will be fine: Lets say The Black Hand as accumulated 4.5 million VRC at an average price of 12000 sat. They pump it all the way to 40,000 and they star taking profits. When they are done, the price has gone down all the way to 16,000 and the average sell price for them has been 28,000. They did great, made a ton of money and DID NOT CHANGE anything in VRC. As a matter of fact, more people was aware of the rise, many more came into the coin and now are bagholders, but, for the real stakeholders, the price before the pump, when they were the same stakeholders, the price was much lower than 16,000 sat, so they -all of us- benefit from that. That's the perspective that we need to keep in mind... and, perhaps, if we identify the Pump phase, profit from it by selling close to the highs some or all our holdings and buy back double amounts on the way down.
So are the Pumps and Dumps negative? Not for the core holders, not at all ... as long as there's no inside info behind them. Let's not see ghosts where there are none and, above all, let's not pretend that creating awareness of the coin, by whomever, is a negative, ever, ok?

In other words, let's streamlined the repeated nonsense and hang ups that we may personally have, see things with the proper, FACTUAL, perspective and move to progressive -not hurried- action, if the devs approve, of course.

I have the feeling they will support the above mentioned initiatives quite enthusiastically.
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July 25, 2014, 07:20:09 PM
 #11610

So it is perfectly clear for everyone and no need for more repeating: DUE to unavoidable legal reasons, the FIAT/VRC conversion will have to be made, ALWAYS, THROUGH A LICENSED THIRD PARTY (Moolah or any other). No matter how many ribbons and nice wrapping you want to put it in successive versions, the basics will always be the same: A link to Moolah, no matter how personalized. It also implies paying Moolah for their services. Is that cleart enough? Can we just put that to rest forever? You can choose to expect from that whatever you want but that is all there is and that is all there WILL be in the foreseeable future. End of that story.

I took different out of what they were saying.  I got that Moolah is just the first, but others will be used.  And that the click to go outside the wallet is not something that will be there forever, but in fact they are working to make sure you can get things done directly through the wallet.

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July 25, 2014, 07:22:49 PM
 #11611

And something else.

I just recieved 30 VRC by the begin of stake is this normal? I am not a bigfish staker by the way. Have arround 30K.

yes that is normal there is nothing to worry about.

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July 25, 2014, 07:30:13 PM
 #11612

So it is perfectly clear for everyone and no need for more repeating: DUE to unavoidable legal reasons, the FIAT/VRC conversion will have to be made, ALWAYS, THROUGH A LICENSED THIRD PARTY (Moolah or any other). No matter how many ribbons and nice wrapping you want to put it in successive versions, the basics will always be the same: A link to Moolah, no matter how personalized. It also implies paying Moolah for their services. Is that cleart enough? Can we just put that to rest forever? You can choose to expect from that whatever you want but that is all there is and that is all there WILL be in the foreseeable future. End of that story.

I took different out of what they were saying.  I got that Moolah is just the first, but others will be used.  And that the click to go outside the wallet is not something that will be there forever, but in fact they are working to make sure you can get things done directly through the wallet.

In my opinion you chose to get it wrong: It CANNOT be done. By the laws of the US. There are requirements that no coin can or will ever fulfill -even after regulation-. So yes there will be other partners, but will always, basically, be a link to a third party. This is not even worth discussing because, after all, what is the use of it when all the exchanges offer you such integration already. But, hey, make of it whatever you choose to. I was trying to streamline the projects in order to concentrate resources on those, such a VERIFICATION, that should be a priority because they imply gigantic potential repercussions. Now, because of your assumption, that I repeat, goes against the laws of the United States, the devs will have to feel obligated to, again, post to make you less convinced of what you wanted to interpret they said. And round goes the merry-go-round again and again...
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July 25, 2014, 07:38:36 PM
 #11613

To add to a previous point, hopefully unnecessarily, therefore closing the door on the subject, the already established parallel in market behaviour of VRC with other established coins such as PINK, BLACK and NAUT, the three of them have rebounded already by around 50% from the recent lows, just like VRC has done (VRC actually at current count 70%, to be precise).

This has nothing whatsoever to do with what is either posted in the forums or any other suggestions/announcements and all to do with traders/investors buying back in at prices they consider easy to profit from. Nothing else.

And since the 4 have plenty of bagholders from these and much higher levels, sell offs of these quick gains, are to be expected, regardless of postings in forums and more or less run-of-the-mill announcements (such as new wallets, android wallets and the like).

Just keeping things in the proper perspective.
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July 25, 2014, 08:14:33 PM
 #11614

So it is perfectly clear for everyone and no need for more repeating: DUE to unavoidable legal reasons, the FIAT/VRC conversion will have to be made, ALWAYS, THROUGH A LICENSED THIRD PARTY (Moolah or any other). No matter how many ribbons and nice wrapping you want to put it in successive versions, the basics will always be the same: A link to Moolah, no matter how personalized. It also implies paying Moolah for their services. Is that cleart enough? Can we just put that to rest forever? You can choose to expect from that whatever you want but that is all there is and that is all there WILL be in the foreseeable future. End of that story.

I took different out of what they were saying.  I got that Moolah is just the first, but others will be used.  And that the click to go outside the wallet is not something that will be there forever, but in fact they are working to make sure you can get things done directly through the wallet.

In my opinion you chose to get it wrong: It CANNOT be done. By the laws of the US. There are requirements that no coin can or will ever fulfill -even after regulation-. So yes there will be other partners, but will always, basically, be a link to a third party. This is not even worth discussing because, after all, what is the use of it when all the exchanges offer you such integration already. But, hey, make of it whatever you choose to. I was trying to streamline the projects in order to concentrate resources on those, such a VERIFICATION, that should be a priority because they imply gigantic potential repercussions. Now, because of your assumption, that I repeat, goes against the laws of the United States, the devs will have to feel obligated to, again, post to make you less convinced of what you wanted to interpret they said. And round goes the merry-go-round again and again...

What I'd like to see, and have already proposed without hearing any comment from devs or whoever, is a more formal, community focused and stacks proportional, way to streamline the priorities of the coin.
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July 25, 2014, 09:06:29 PM
 #11615

New article posted for VeriCoin.


Tweet:
https://twitter.com/CoinsSource/statuses/492773652249604098

SnZN5o2ePUgtr9roQyavBC3r41vz7p63ne
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July 25, 2014, 09:12:55 PM
 #11616


Guys, just remember that the NewYork regulations might apply to more states with their copy/pasting. So if Doug wrote that he has an idea for making a better anon solution, then that should be included aswell and not tossed out the window.

I think anon is all the rage right now because the crypto community has this gut feeling that the regulations against crypto will be getting more strict with time, and they might be right.

But I love the VeriFied idea aswell.



Develop all these ideas as modules. Let the user plug in whatever they want. That's what we want out here, choices, not arguments about what is better, give us the choice to chose how the coin works for us. That's your "Holy Grail"

 

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CodeHunter
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July 25, 2014, 09:17:45 PM
 #11617


Guys, just remember that the NewYork regulations might apply to more states with their copy/pasting. So if Doug wrote that he has an idea for making a better anon solution, then that should be included aswell and not tossed out the window.

I think anon is all the rage right now because the crypto community has this gut feeling that the regulations against crypto will be getting more strict with time, and they might be right.

But I love the VeriFied idea aswell.



Develop all these ideas as modules. Let the user plug in whatever they want. That's what we want out here, choices, not arguments about what is better, give us the choice to chose how the coin works for us. That's your "Holy Grail"

 



What are you talking about? If it has been coded, it should be included automatically. Having the user plug it in himself won't make VRC easier to use. And ease of use is important for VRC because it will be aiming at a broader group of demographics.

drkman
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July 25, 2014, 09:20:03 PM
 #11618

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



I like this setup!  Like the Verishied name for the privacy side of it too.  Verisend name should be for the verified marketplace.
CodeHunter
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July 25, 2014, 10:00:59 PM
 #11619


That's one way to know VRC is a success, they started spamming this thread.

socal
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July 25, 2014, 10:21:45 PM
 #11620

I'm not sure how many times we need to say this, but we were aiming to make a direct CC FIAT/VRC system however due to the fact that we are all in the USA and require FINCED compliance as well as other legal compliance we couldn't do that.

Don't sit on this just thinking it's too hard to pull off (not suggesting you are...). Get the ball rolling now and knock out the obstacles as they come, even slowly will do. It'll get done and be a huge feature. The masses need this to be as simple as possible,

FINCen compliance requires MASSIVE amounts of $$$ do you have a few hundred thousand US dollars lying around to permit the FINCen compliance?
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