Wow, so much hot air about Supernet somehow making VRC look bad.
VRC will reign because it's developers are transparent and extremely competent.
Cmon, you know their names, where they went to college & see their faces every google hangout. What other coins are so transparent? Hmm, none.
In the real world(you remember there is a real world right?) business ventures/partnerships operate on transparency & results and reward those that keep moving forward. Whitepapers don't mean a thing to real investors and the real money hasn't even begun to flow into crypto because so many coins are full of shit.
Crypto is so much still in it's infancy, the big moves are still 12-24 months out. Crypto success is all about longevity and awareness, a couple items that Patrick and team have a handle on.
Vericoin is one of my holdings that I dont even watch the price because in the long run it's a winner. Set you buys for every time it dips below 11k and look at your holdings in a year.
Highjacking this post.I'm still not sure why you'd find public developers - of a project that you invested in - a greater deal.
Is it possible that you just suck at investing? If, in your eyes, it's rare to find the real people behind the projects you back. And please note, when I say 'you', I'm not referring to OP specifically. I prefer if you all take this as a general notice.
I don't feel like judging your ways, but please don't try to hit the blindman countless times with the same invalid reasoning. Being a public profile adds nothing. Having it in the alternative cryptocurrency jungle might be satisfying due to its lack, but by no means translates immediately to transparency and competence like you are intending to make believe.
Having said that, I don't doubt that VRC devs set a few unique precedents. You should focus more on that imo. Their vision was ambitious, yet palpable. They've actually achieved to implement unique tools to their ideals. VeriBit for example, being centralized or not, was a successfully implemented changing feature. It covered a whole series of issues related to acceptance, and it was presented in a simple but effective way. Other features like SMS were less effective, and less impressive to the eye, yet they went all in the great purpose to bring crypto to the masses easily. This must be noted.
VRC had a quite royal run, because it caught most of the community on an early phase, generating its initial attracting volume, and getting backed later by a few more of those who saw an opportunity.
The hype after a few weeks, at the current price range actually, was insane. #VRC was second to Bitcoin in Twitter references regarding crypto currency. And all that jazz eventually came up to tell you: "hey, they're public, you can't get hurt."
But you did. It's my honest belief that that pump needed an end to satisfy some parts, and even though I'm not sure if its end was premeditated, I'm certainly suspicious on certain actions taken at the time.
Nothing can consistently go up in value without getting a few chops. And VRC seemed undefeatable. The interest was so huge that some even put their life savings into it. And they got burned.
Now the important part of it, if we fast forward it till now: VeriCoin stands solid on its real market price. For what it is, let's say it. You can trade it now ~40k less of its ATH. Some might think it's a disaster, others an opportunity.
Then comes the need to reinvent from the bagholder, so there's a Supernet all of a sudden (because community paid for it in the sake of "we must do something") and the once before active devs - slowly get 'sold' to take a route they never before idealized. For market's sake.
If it wouldn't be for the pressure - and to this point I stand corrected and apologize for my poisonous VRC rants on Twitter that I never cared to explain in detail*; I'd be happy to envision a VeriCoin loyal to its initial principles, with hard hand good communicating devs, and real palpable routes like were drawn before.
Point is, before I wander off even more, worry not to bring VRC out of its own devs, by Supernetting the shit out of it. This was a silly idea. Instead, convince this team to question their way and their will.
If principles are still intact, I don't see a reason not to hard implement them. We know that funds are easily raised. And even the dev needs a bit of motivation from its peers. Catch him before he moves off to another project, where your money is not at... yet.
Disclaimer: *I am kleineaap,
@1kleine twitter handle. Long term supporter of VRC since I discovered it at 800sat. I used my early BTC funds to support the market buys and accumulated enough all the way to 1.5 million VRC.
The night I finished dumping half a million coins I made my holdings public for the first time. 3 hours later there was the "Mintpal hack" which ended up hurting me a lot.
The hack was never explained. One of the devs actually told me that "we never had any proof evidence of an actual hack taking place". I've called out the other devs, and I was in search for a decent clarification "that protects the investors" which never came.
So I've moved on, and despite not suffering direct losses, I somewhat felt that I was prevented to dump. So I said fuck you, and I managed to sell another 500k off market during the sell off.
Still holding a third of it. What happened? I can speculate, but honestly I don't know for sure.
But at least Alex/Ryan is public now and we don't have Mintpal anymore.
Poll
