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

[kasman5]

Bitcoin will be the place to store your wealth, and no coin will compete with this. Something like BitShares will also be used as an investment product, a bit more like investing in a stocks.

Correct. That's what I have been telling here for weeks, the worldwide mass adoption theme is a delusion. Vericoin won't be able to replace Bitcoin nor seriously compete with it at any level.

Having said that Buy4Crypto's effort is great, at least he realised that the brainless cheerleading won't help and something needs to be done. I think Barrabas' "good guys" theme makes lot of sense, that could work especially if ppl like Buy4Crypto support the idea.

Try reading the rest of my post instead of cherry picking quotes. My point was this is exactly why Vericoin should be positioning as mainstream digital currency because we will see the leading crypto-currencies gravitate towards being cyrpto-equities. leaving room for something like Vericoin to move into the existing crypto-currency void.

[mercury7]

Try reading the rest of my post instead of cherry picking quotes. My point was this is exactly why Vericoin should be positioning as mainstream digital currency because we will see the leading crypto-currencies gravitate towards being cyrpto-equities. leaving room for something like Vericoin to move into the existing crypto-currency void.

I was quoting altcoinUK, not you.

But since we are chatting, I'd have to say an ETF or ETC for VRC is highly probable if this currency has any future.

[buy4crypto]

Try reading the rest of my post instead of cherry picking quotes. My point was this is exactly why Vericoin should be positioning as mainstream digital currency because we will see the leading crypto-currencies gravitate towards being cyrpto-equities. leaving room for something like Vericoin to move into the existing crypto-currency void.

I was quoting altcoinUK, not you.

But since we are chatting, I'd have to say an ETF or ETC for VRC is highly probable if this currency has any future.

If we show the willingness to not only be a part of the ETF, but to get out in front and be pro active to get values in place that will be accepting of the regulation that will come with that territory. it will show we are ready to take that step, being the first one will give us credibility with the large funds out there that may choose to invest in not just bitcoin, but alternatives to increase beta.

We still have ideas in place to not only be a part of moving the technology forward, but to be a "key player" in the alt space. It won't be easy, nor will we be given instant credibility. So this isn't a sure shot. But its the best chance, in the long line of longshots alts are to gain us the credibility to take the next step, and become something more.

[altcoinUK]

Bitcoin will be the place to store your wealth, and no coin will compete with this. Something like BitShares will also be used as an investment product, a bit more like investing in a stocks.

Correct. That's what I have been telling here for weeks, the worldwide mass adoption theme is a delusion. Vericoin won't be able to replace Bitcoin nor seriously compete with it at any level.

Having said that Buy4Crypto's effort is great, at least he realised that the brainless cheerleading won't help and something needs to be done. I think Barrabas' "good guys" theme makes lot of sense, that could work especially if ppl like Buy4Crypto support the idea.

Try reading the rest of my post instead of cherry picking quotes. My point was this is exactly why Vericoin should be positioning as mainstream digital currency because we will see the leading crypto-currencies gravitate towards being cyrpto-equities. leaving room for something like Vericoin to move into the existing crypto-currency void.

LoL actually that's true, I didn't read the rest of the post.

I purely speculate when I say worldwide mass adoption theme is a delusion, and you could be right that it is doable. Since vericoin can't even convince the crypto currency literate geeks and the current exchange users to support the coin, I can't see what would convince the general public to adopt vericoin as a digital currency instead if using Bitcoin. As you said it should offer some feature that complement to BTC. Like blockchain 2 features, which I have been banging on here for a while. Again, nothing is a certainly winning recipe, saying the blockchain 2 feature would help is speculation as well.

[DARKANGEL6415]

hello folks just checking in see how the VRC family is doing. I have been caught up trying to find miners from actual companies at good prices that not scams lol hard work i tell you. 

[kasman5]

Try reading the rest of my post instead of cherry picking quotes. My point was this is exactly why Vericoin should be positioning as mainstream digital currency because we will see the leading crypto-currencies gravitate towards being cyrpto-equities. leaving room for something like Vericoin to move into the existing crypto-currency void.

I was quoting altcoinUK, not you.

But since we are chatting, I'd have to say an ETF or ETC for VRC is highly probable if this currency has any future.

I was also quoting altcoinUK lol.


Maybe I should have been clearer, I don't think an ETF will happen within the current financial system. Like the Winlkle twins are doing. I assume this was the type of ETF he is on about.

I stupidily assumed this was the type of ETF you were on about, if not sorry for jumping to conclusions. We could set up an ETF now on BitShares right now with a cost of about $5000. Could be big if we partner with them officially, and then partner with an exchange to offer BTCX/VRC trading pair.

[mercury7]

Like blockchain 2 features, which I have been banging on here for a while. Again, nothing is a certainly winning recipe, saying the blockchain 2 feature would help is speculation as well.

Ethereum needs a competitor. Institutional investors and established technology companies will demand it. Vericoin should declare itself to be the competition. Given Dev3's interest in this area and the soon to be expected frenzy that will seek out blockchain 2.0 apps, this would be a smart move.

[altcoinUK]

Correct. That's what I have been telling here for weeks, the worldwide mass adoption theme is a delusion. Vericoin won't be able to replace Bitcoin nor seriously compete with it at any level.

So you admit you're repeating yourself? Glad someone has the energy in these summer doldrums.

Anyway, who said anything about VRC replacing bitcoin? BTC will likely evolve into digital gold,  a store of value with low velocity. VRC can be cash to that gold.

To progress this cash idea further, is anyone interested in writing a service  to send VRC through Facebook or Twitter? Similar to VeriSMS, they could be called VeriPoke and VeriTweet.

I expect a consolidation in the digital currency world and only 1-2 digital currencies survive eventually, probably only Bitcoin. However, there could be many digital currency and blockchain enabled applications such as Ethereum and other platforms, that provides a framework for different type of use cases and in order to perform the use case you need to use the platform specific digital currency, which is in the case of Ethereum ether. In my opinion if vericoin can find that specific use case like decentralized exchange, decentralized marketplace, rolling doughnut hole that accept flying fucks or whatever is a USEFUL USE CASE than it is a good chance to get even 100 million users. If you just want to be the generic digital currency then you directly compete with Bitcoin, and there is no chance in my opinion.

[kasman5]

Bitcoin will be the place to store your wealth, and no coin will compete with this. Something like BitShares will also be used as an investment product, a bit more like investing in a stocks.

Correct. That's what I have been telling here for weeks, the worldwide mass adoption theme is a delusion. Vericoin won't be able to replace Bitcoin nor seriously compete with it at any level.

Having said that Buy4Crypto's effort is great, at least he realised that the brainless cheerleading won't help and something needs to be done. I think Barrabas' "good guys" theme makes lot of sense, that could work especially if ppl like Buy4Crypto support the idea.

Try reading the rest of my post instead of cherry picking quotes. My point was this is exactly why Vericoin should be positioning as mainstream digital currency because we will see the leading crypto-currencies gravitate towards being cyrpto-equities. leaving room for something like Vericoin to move into the existing crypto-currency void.

LoL actually that's true, I didn't read the rest of the post.

I purely speculate when I say worldwide mass adoption theme is a delusion, and you could be right that it is doable. Since vericoin can't even convince the crypto currency literate geeks and the current exchange users to support the coin, I can't see what would convince the general public to adopt vericoin as a digital currency instead if using Bitcoin. As you said it should offer some feature that complement to BTC. Like blockchain 2 features, which I have been banging on here for a while. Again, nothing is a certainly winning recipe, saying the blockchain 2 feature would help is speculation as well.

Haha fair enough.

I'm still not sure I've got my point across. Who will want to use Bitcoin as a currrency when confirmations are so slow. It's OK for some stuff but when things are time critical your gonna want to use something like VRC.

[altcoinUK]

Like blockchain 2 features, which I have been banging on here for a while. Again, nothing is a certainly winning recipe, saying the blockchain 2 feature would help is speculation as well.

Ethereum needs a competitor.

That's absolutely correct.

Like blockchain 2 features, which I have been banging on here for a while. Again, nothing is a certainly winning recipe, saying the blockchain 2 feature would help is speculation as well.

Given Dev3's interest in this area and the soon to be expected frenzy that will seek out blockchain 2.0 apps, this would be a smart move.

I am not sure about that seeing the progress and lack of expertise in the area. When I asked EffectsToCause two days ago he couldn't say any concrete information about the progress, it seems to me the devs can't even complete their first white paper. Then how far are they from Gavin Wood's excellent yellow paper that is not only a high level software document but a remarkable scientific paper in my opinion. If you are talking about competing with Ethereum then you compete with Gavin Wood and Buterin, not an easy task at all :-))

[altcoinUK]

Bitcoin will be the place to store your wealth, and no coin will compete with this. Something like BitShares will also be used as an investment product, a bit more like investing in a stocks.

Correct. That's what I have been telling here for weeks, the worldwide mass adoption theme is a delusion. Vericoin won't be able to replace Bitcoin nor seriously compete with it at any level.

Having said that Buy4Crypto's effort is great, at least he realised that the brainless cheerleading won't help and something needs to be done. I think Barrabas' "good guys" theme makes lot of sense, that could work especially if ppl like Buy4Crypto support the idea.

Try reading the rest of my post instead of cherry picking quotes. My point was this is exactly why Vericoin should be positioning as mainstream digital currency because we will see the leading crypto-currencies gravitate towards being cyrpto-equities. leaving room for something like Vericoin to move into the existing crypto-currency void.

LoL actually that's true, I didn't read the rest of the post.

I purely speculate when I say worldwide mass adoption theme is a delusion, and you could be right that it is doable. Since vericoin can't even convince the crypto currency literate geeks and the current exchange users to support the coin, I can't see what would convince the general public to adopt vericoin as a digital currency instead if using Bitcoin. As you said it should offer some feature that complement to BTC. Like blockchain 2 features, which I have been banging on here for a while. Again, nothing is a certainly winning recipe, saying the blockchain 2 feature would help is speculation as well.

Haha fair enough.

I'm still not sure I've got my point across. Who will want to use Bitcoin as a currrency when confirmations are so slow. It's OK for some stuff but when things are time critical your gonna want to use something like VRC.

Haha or not haha ... I am frequently informing about that questions users here who are (just like you) not familiar with the blockchain and the BTC source and programming aspects of the BTC blockchain, what you can do with BTC. Look at the conversation 4-5 days ago when I explained here timed transaction that allows instant transactions in a kind of trustless manner using green addresses on the BTC blockchain.

[mercury7]

If you are talking about competing with Ethereum then you compete with Gavin Wood and Buterin, not an easy task at all :-))

It won't be easy, but we are all men, so there's no need to be intimidated by others' talents.

I'd say the first step to competing with Ethereum is to declare so publicly. Believe me, the Ethereum devs would welcome this. It would also be a bit of a coup publicity-wise for Vericoin.

[altcoinUK]

If you are talking about competing with Ethereum then you compete with Gavin Wood and Buterin, not an easy task at all :-))

It won't be easy, but we are all men, so there's no need to be intimidated by others' talents.

I'd say the first step to competing with Ethereum is to declare so publicly. Believe me, the Ethereum devs would welcome this. It would also be a bit of a coup publicity-wise for Vericoin.

Yeah, you are right, I always say this that vericoin should try to compete in this area. On the other hand, needs to be realistic, because the outcome of the competition doesn't depend on who is the less intimidated and most ambitious, but mainly depend on a) expertise  b) hard work.

I am not sure if you are familiar with East Asia, when I am on business trip I always see the little Chinese guys on the basketball fields in Taipei - they are ambitious and not intimated, but they will never compete with Lebron James, because they are little, slow and by default configuration aren't suited for competitive basketball game.

[kasman5]

Bitcoin will be the place to store your wealth, and no coin will compete with this. Something like BitShares will also be used as an investment product, a bit more like investing in a stocks.

Correct. That's what I have been telling here for weeks, the worldwide mass adoption theme is a delusion. Vericoin won't be able to replace Bitcoin nor seriously compete with it at any level.

Having said that Buy4Crypto's effort is great, at least he realised that the brainless cheerleading won't help and something needs to be done. I think Barrabas' "good guys" theme makes lot of sense, that could work especially if ppl like Buy4Crypto support the idea.

Try reading the rest of my post instead of cherry picking quotes. My point was this is exactly why Vericoin should be positioning as mainstream digital currency because we will see the leading crypto-currencies gravitate towards being cyrpto-equities. leaving room for something like Vericoin to move into the existing crypto-currency void.

LoL actually that's true, I didn't read the rest of the post.

I purely speculate when I say worldwide mass adoption theme is a delusion, and you could be right that it is doable. Since vericoin can't even convince the crypto currency literate geeks and the current exchange users to support the coin, I can't see what would convince the general public to adopt vericoin as a digital currency instead if using Bitcoin. As you said it should offer some feature that complement to BTC. Like blockchain 2 features, which I have been banging on here for a while. Again, nothing is a certainly winning recipe, saying the blockchain 2 feature would help is speculation as well.

Haha fair enough.

I'm still not sure I've got my point across. Who will want to use Bitcoin as a currrency when confirmations are so slow. It's OK for some stuff but when things are time critical your gonna want to use something like VRC.

Haha or not haha ... I am frequently informing about that questions users here who are (just like you) not familiar with the blockchain and the BTC source and programming aspects of the BTC blockchain, what you can do with BTC. Look at the conversation 4-5 days ago when I explained here timed transaction that allows instant transactions in a kind of trustless manner using green addresses on the BTC blockchain.

Yes I have neglected Greenadress' but with this adding to the 1mb transaction problem I think there's a need for other Blockchains such as VRC.

[buy4crypto]

I think that being a asset to people creating value in crypto, instead of competition could be a unique approach that could seperate this coin from others. Perhaps we can create technological advancements, its not to say we can't. But, IMO, with how fast crypto moves, If we take the approach, of a nimble helper, rather than bunker down with 1 thing or another. It may give us a new approach that will give us the value of many leading edge projects, while keeping our project nimble, and ready for the changing landscape that will come up, and we must be leading the way for. When it comes time to implement things for vericoin we would gain from having relationships with the developer teams. This could pay off in many ways at a later date.

By being focussed on culture, and quality we can pick and choose the best open source projects to make VeriCoin a clean, streamlined currency meant for trade. We can support projects with projects, we support other community, with our community. We can stop a project, and move on when they aren't going to pay off for our vision, and we can pickup projects like that, and increase the value, and integration for both at the same time.

Nobody has taken the roll of Virtual Currency incubator. I think that if we prove that we are capable in our own right, and that people will seek out vericoin for help on projects, this will further the credibility we have, and make clear to everyone what VeriCoin is, and will be. What VeriCoin stands for, and what it doesn't. We would be champions of everything blockchain, blockchain 2.0, and be professional.

We can become much greater than the sum of the parts.

[altcoinUK]

Yes I have neglected Greenadress' but with this adding to the 1mb transaction problem I think there's a need for other Blockchains such as VRC.

I agree with that, as I said you are quite right that there is place for other blockchains - for specific use cases.

All I tried to point out was that the most assumed use case the instant transaction is probably not the best one, because BTC can do that with green addresses and other payment service provider specific solutions. From the generic end users' viewpoint the green address and other existing solutions to perform instant transactions are perfect. The generic end users keep their private keys at online services lately, they could not care less about the implementation and how the BTC instant transaction works, it is there and it is good enough. Vericoin is not going to beat BTC because by offering instant transactions, that's for sure.

[kasman5]

Yes I have neglected Greenadress' but with this adding to the 1mb transaction problem I think there's a need for other Blockchains such as VRC.

I agree with that, as I said you are quite right that there is place for other blockchains - for specific use cases.

All I tried to point out was that the most assumed use case the instant transaction is probably not the best one, because BTC can do that with green addresses and other payment service provider specific solutions. From the generic end users' viewpoint the green address and other existing solutions to perform instant transactions are perfect. The generic end users keep their private keys at online services lately, they could not care less about the implementation and how the BTC instant transaction works, it is there and it is good enough. Vericoin is not going to beat BTC because by offering instant transactions, that's for sure.

Yes I would agree with everything you said.

However I believe as Bitcoin moves to being deflationary, technically inflationary at the moment, then Vericoin has an advantage as it encourages people to spend as we have what, 1.5-2.5% inflation or as we are calling it Dynamic interest.

[onsightit]

Hey sry guys I have not been able to follow the thread due to being busy and not wanting to dig through the random stupidity to get at the actual conversation, what address is the donation for the new dev (that's what we are talking about right? Lol) Anyway someone PM me plz and I'll shoot over some VRC

Hey socal, I don't think anything has been decided yet. Discussion/vetting are ongoing.  The escrow address has yet to be setup.

[onsightit]

Hahhaa popped in here after selling along time ago... so many problems still in here LULZ....

pookielax31 :"Sent a nice long email  Grin This would be a nice added feature to dark.. being able to spend where Btc is accepted....." you posted this on the dark coin thread lol looks like you been there awhile..hows that going for you? so you come here to make jokes...but yet are trying to get the dark team to copy vericoin?! LULZ...

Copy Vericoin? AHAHAH[Ignored]

Yet another one...

[mercury7]

Nobody has taken the roll of Virtual Currency incubator.

I like this. It's VeriCombinator.