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

[ScottAllyn]

[...]
Sue me for assuming that a jump (down) of 20%, equaling 6 million "coins" is "worrysome". I would remind you that, according to one of our devs, "it can be too much higher (than the real number)".

Lol. You're such a drama queen.

[criptix]

@barabbas

coinweight is a much better indicator for time estimation of your block/interest time.
the amount of coins alone wont give a clear indication therefor.
this is the reason why coinweight is displayed.
i agree though that it would be nice to see the amount of coins staking too and as already stated it will be implemented.

[barabbas]

@barabbas

coinweight is a much better indicator for time estimation of your block/interest time.
the amount of coins alone wont give a clear indication therefor.
this is the reason why coinweight is displayed.
i agree though that it would be nice to see the amount of coins staking too and as already stated it will be implemented.

This is where I normally "lose it". Indicator of what, how much your staking coins are producing? It cannot be more than 2.5% TOTAL, IN A YEAR so who the hell cares even remotely about that?? Come on... I understand it will be an indicator of some loose value for the devs to know the strength, so to speak, of the network, but they will have a very close idea of it by looking at the REAL numbers, just the same.

So, I will repeat: Meaningless.

[albert_mt]

how is the butthurt? This is going where all the other flashmined coins go: zero

(just dumped my cinni today)

I'd ask you to invest your cinni-buns in VRC, but we really need "smart" money ATM... Top 100 wallets (and likely more) are proof of smart money invested in VeriCoin.

Stake Weight is 22.2M ATM

22.2M is staking from 26M, that's a great community support.

Uh, no, those are not real coins? The previous several pages deal with that subject in some detail...

Thank you! I am not experienced with the concept and difference between virtual and real coins. I will read back several page the conversation.

[criptix]

@barabbas

coinweight is a much better indicator for time estimation of your block/interest time.
the amount of coins alone wont give a clear indication therefor.
this is the reason why coinweight is displayed.
i agree though that it would be nice to see the amount of coins staking too and as already stated it will be implemented.

This is where I normally "lose it". Indicator of what, how much your staking coins are producing? It cannot be more than 2.5% TOTAL, IN A YEAR so who the hell cares even remotely about that?? Come on... I understand it will be an indicator of some loose value for the devs to know the strength, so to speak, of the network, but they will have a very close idea of it by looking at the REAL numbers, just the same.

So, I will repeat: Meaningless.

for people who are staking its quite important to know when they probaly get a block - even more if you are staking 24/7. also additionaly to the interest you also receive tx fees.
with this marketcap right now its not much, but with a higher marketcap this can be alot of money.

[barabbas]

@barabbas

coinweight is a much better indicator for time estimation of your block/interest time.
the amount of coins alone wont give a clear indication therefor.
this is the reason why coinweight is displayed.
i agree though that it would be nice to see the amount of coins staking too and as already stated it will be implemented.

This is where I normally "lose it". Indicator of what, how much your staking coins are producing? It cannot be more than 2.5% TOTAL, IN A YEAR so who the hell cares even remotely about that?? Come on... I understand it will be an indicator of some loose value for the devs to know the strength, so to speak, of the network, but they will have a very close idea of it by looking at the REAL numbers, just the same.

So, I will repeat: Meaningless.

for people who are staking its quite important to know when they probaly get a block - even more if you are staking 24/7. also additionaly to the interest you also receive tx fees.
with this marketcap right now its not much, but with a higher marketcap this can be alot of money.

Why don't you elaborate a bit more on that subject? It seems to me there have been a bunch willing to jump on the high end of insults and really adding no knowledge to the matter... when you say "a lot of money", what is "a lot of money" to you? Because, in my book, I don't care what valuation it has -I mean I DO care, very much, but you get my meaning-, 2.5% is just a very paltry percentage of whatever the amount is, something that can be achieved many times, a day, just trading those coins, so as far as profitability it is nil. Now, if through fees I can get "a lot of money" staking, additionally, it could be quite the selling point, so please DO elaborate on this and be free to use different price scenarios.

[criptix]

@barabbas

coinweight is a much better indicator for time estimation of your block/interest time.
the amount of coins alone wont give a clear indication therefor.
this is the reason why coinweight is displayed.
i agree though that it would be nice to see the amount of coins staking too and as already stated it will be implemented.

This is where I normally "lose it". Indicator of what, how much your staking coins are producing? It cannot be more than 2.5% TOTAL, IN A YEAR so who the hell cares even remotely about that?? Come on... I understand it will be an indicator of some loose value for the devs to know the strength, so to speak, of the network, but they will have a very close idea of it by looking at the REAL numbers, just the same.

So, I will repeat: Meaningless.

for people who are staking its quite important to know when they probaly get a block - even more if you are staking 24/7. also additionaly to the interest you also receive tx fees.
with this marketcap right now its not much, but with a higher marketcap this can be alot of money.

Why don't you elaborate a bit more on that subject? It seems to me there have been a bunch willing to jump on the high end of insults and really adding no knowledge to the matter...

i am not sure if you understand what i am talking about, but i will try to explain.

im telling you that it is very important from a perspective of a staker to know when he actually stakes a block.
you can compare this to bitcoin mining, the miner also wants to know when he gets a block or rather a time estimation of that.

the transactions fees was just one of the reason why it is important to know how much time you need to stake/mine a block.
every block contains x amounts of transactions which contains transactions fees which goes to the staker/miner of the block.

when you say "a lot of money", what is "a lot of money" to you? Because, in my book, I don't care what valuation it has -I mean I DO care, very much, but you get my meaning-, 2.5% is just a very paltry percentage of whatever the amount is, something that can be achieved many times, a day, just trading those coins, so as far as profitability it is nil. Now, if through fees I can get "a lot of money" staking, additionally, it could be quite the selling point, so please DO elaborate on this and be free top use different price scenarios.

well if vericoin has a higher marketcap the interest and txfee's you receive as a staker will be much more worth then it is if the marketcap would be lower. that was all i wanted to point out.

that you dont care about 2,5% because you think every daytrader does alot of profit is neither true nor related to my explaination or the question itself.

interest rate in pos coins is just the incentive to providing support to the network like mining bitcoin blocks give you right now 25 btc + txfee's of that block.

[MAD945]

Every other POS coin shows stake weight as coins staking in there wallets. Correct me if I'm wrong please!

[barabbas]

@barabbas

coinweight is a much better indicator for time estimation of your block/interest time.
the amount of coins alone wont give a clear indication therefor.
this is the reason why coinweight is displayed.
i agree though that it would be nice to see the amount of coins staking too and as already stated it will be implemented.

This is where I normally "lose it". Indicator of what, how much your staking coins are producing? It cannot be more than 2.5% TOTAL, IN A YEAR so who the hell cares even remotely about that?? Come on... I understand it will be an indicator of some loose value for the devs to know the strength, so to speak, of the network, but they will have a very close idea of it by looking at the REAL numbers, just the same.

So, I will repeat: Meaningless.

for people who are staking its quite important to know when they probaly get a block - even more if you are staking 24/7. also additionaly to the interest you also receive tx fees.
with this marketcap right now its not much, but with a higher marketcap this can be alot of money.

Why don't you elaborate a bit more on that subject? It seems to me there have been a bunch willing to jump on the high end of insults and really adding no knowledge to the matter...

i am not sure if you understand what i am talking about, but i will try to explain.

im telling you that it is very important from a perspective of a staker to know when he actually stakes a block.
you can compare this to bitcoin mining, the miner also wants to know when he gets a block or rather a time estimation of that.

the transactions fees was just one of the reason why it is important to know how much time you need to stake/mine a block.
every block contains x amounts of transactions which contains transactions fees which goes to the staker/miner of the block.

when you say "a lot of money", what is "a lot of money" to you? Because, in my book, I don't care what valuation it has -I mean I DO care, very much, but you get my meaning-, 2.5% is just a very paltry percentage of whatever the amount is, something that can be achieved many times, a day, just trading those coins, so as far as profitability it is nil. Now, if through fees I can get "a lot of money" staking, additionally, it could be quite the selling point, so please DO elaborate on this and be free top use different price scenarios.

well if vericoin has a higher marketcap the interest and txfee's you receive as a staker will be much more worth then it is if the marketcap would be lower. that was all i wanted to point out.

that you dont care about 2,5% because you think every daytrader does alot of profit is neither true nor related to my explaination or the question itself.

interest rate in pos coins is just the incentive to providing support to the network like mining bitcoin blocks give you right now 25 btc + txfee's of that block.

I did understand perfectly. And that incentive of 2.5% is paltry to say the list (nothing negative about it, just a fact). And so are the fees that stakers will be collecting. When you say it is not true that any daytrader can make many times 2.5% kin a single day, well what can I say. Bots make much more than that and the person doesn't need to be even "working". Those are facts. I do understand though that there are many people who stake because they are looking for much bigger gains, with time, and every bit helps. Fact is though that holding and staking, unless the price goes up, is a losing proposition.

For the purpose of investing, new investors, that are needed for the price and the project to progress, what counts is the strength of the stake holders. And that strength is measured in REAL coins holding in their wallets, staking or not (preferably the former), not some wildly oscillating number that represents the strength of the network.

I agree having both, since it is quite easy and possible, is hitting the jackpot, so to speak.

[barabbas]

Every other POS coin shows stake weight as coins staking in there wallets. Correct me if I'm wrong please!

If that is the case, they are misleading, by omission, the community and potential investors.

[albert_mt]

how is the butthurt? This is going where all the other flashmined coins go: zero

(just dumped my cinni today)

I'd ask you to invest your cinni-buns in VRC, but we really need "smart" money ATM... Top 100 wallets (and likely more) are proof of smart money invested in VeriCoin.

Stake Weight is 22.2M ATM

I'd be interested in some naked shortselling. Someone wants to lend me some vrc? I'll give you back +3% vrc in a few weeks.

I bought in at 8.6K the price is right now 10K, the 3% isn't attractive enough.
Btw, this is a strong community. You will see, if you offer a better return you will get many offers in no time, many community members believe in the price increase and many of them will lend you against your short selling.

[albert_mt]

Every other POS coin shows stake weight as coins staking in there wallets. Correct me if I'm wrong please!

If that is the case, they are misleading, by omission, the community and potential investors.

I have just purchased VRC, are you saying the information in the wallet is misleading?

Btw, I just watched the hangout at youtube, really great stuff, clear plans and very good prospects. The PR team and plan is very strong, a PR company will be hired and the coin will be taken to the latino community. I have to agree with some of the IRC members that 1VRC=$1 price is very likely.

[albert_mt]

Sorry, I forgot, here is the hangout video at https://www.youtube.com/watch?v=l8cHSsNYtNA  This is really encouraging!

[RW-Stott]

Wow, check out ShadowCoin guys... first full mobile wallet that supports staking, p2p encrypted messaging, and stealth transfers. 

https://bitcointalk.org/index.php?topic=700087.msg8321871#msg8321871

[Wreathy]

RW Stott

we dont need to know about shadow coin here you sure your not lost?.

Can you answer my question posed on that thread. ?.

[knox203]

Guys, if you feel misled about the staking numbers -- I mean no offense -- but that's your own fault. Every POS coin I've seen uses a calculation that includes coin age to determine the network "stake weight". This does not exactly equate to an accurate number for total coins in stake. This is an inherent function of Proof of Stake technology. This is however a good opportunity for the VRC devs to introduce a way to show an accurate number of actual coins in stake.

[pnosker]

Every other POS coin shows stake weight as coins staking in there wallets. Correct me if I'm wrong please!

No, every POS coin shows stake weight as the stake weight, with coin age factored in.

[Xosihc]

Hi guys,

I have been reading about all the traded coins in the last few weeks at the bitcointalk threads. The community support for VRC is simply amazing. Finally, I decided to jump in and completed my first VRC buy transaction at Bittrex. Thanks for creating this great crypto coin!
Btw, I am based in Luxembourg and would be more than happy to promote VRC here.

Glad to have you part of the community The more people like yourself the better off we will become!

[ScottAllyn]

Guys, if you feel misled about the staking numbers -- I mean no offense -- but that's your own fault. Every POS coin I've seen uses a calculation that includes coin age to determine the network "stake weight". This does not exactly equate to an accurate number for total coins in stake. This is an inherent function of Proof of Stake technology. This is however a good opportunity for the VRC devs to introduce a way to show an accurate number of actual coins in stake.

It's just one of those things that got carried over from the original wallet code. Nobody's really had any reason to give any attention to it until now. VeriCoin seem to be the only coin with such a large percentage of owners staking their coins and that thrust the Network Stake number into the spotlight. I bet a lot of other devs will end up releasing updated wallets, too.

One thing that I'd like to see in the wallet is the stake weight of my own coins. Perhaps as a replacement tooltip when I mouse-over the number of coins that are currently staking.

[Morb]

I was just reading Matthew Bonari's very interesting article on vericoinnews, (http://vericoinnews.info/latest-news/stakeholder-confidence-milestones-and-blockchain-analytics/), and was wondering if it would be possible to elaborate on why the accumulation is a good thing.