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Author Topic: Vertcoin - 1 | ASIC - 0 | Lyra2RE | Decentralised | GPU Mineable | Open Source  (Read 365571 times)
poiuty
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December 23, 2014, 10:24:38 AM
 #341

Так они хотят что-то сделать с инфляцией. Но если это опять растянется на год - в этом не будет никого смысла.

PR now will not work. Make anything with inflation.

For PR - we need make new site. We need to help those who want to accept payment in vertcoin on website/ online store.
We need to make a list of "where you can spend vertcoin" on the main site.
We need to do a separate own forum.
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fetcher
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December 23, 2014, 11:09:41 AM
 #342

зачет, парни.

we need to decrease block reward x15-20 times from now.
Akvilon_v
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December 23, 2014, 11:22:31 AM
 #343

Так они хотят что-то сделать с инфляцией. Но если это опять растянется на год - в этом не будет никого смысла.
Дык, оперативно мутить надо. Пока что слышим следующее:
- Как полет, Маэстро?
- Все нормально! Падаю!  Grin

Show me buisness, which is ready to accept vertcoin with 90% inflation value. Only crazy one, I guess.

First, need decrease subsidy.
Second, after solving inflation problems, must make more real and virtual goods available to buy for vert. Sellers and buyers must experience the benefits using vertcoin.
Without this things any PR is pointless.

Клятые капиталисты, как дети малые, честное слово. Smiley

Imho, technically vert is the best coin, lyra2 is great, but dev's quickness in decision-making strongly depresses.
Kind regards, твой кролик написал. )))

Chance favors the prepared mind. :-)
randywald
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December 23, 2014, 12:25:29 PM
 #344

зачет, парни.

we need to decrease block reward x15-20 times from now.

Mining is not the problem. The problem is that no one is interested in the coin which i clearly see in daily trading volume.

Akvilon_v
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December 23, 2014, 12:44:42 PM
 #345

Mining is not the problem. The problem is that no one is interested in the coin which i clearly see in daily trading volume.
~29.000 daily mined coins not a problem? That's about 10 miilion coins per year. In present it means 50% "natural" inflation value. Giant as bitcoin has 10% value, litecoin - 30%. Vert is not such strong yet to deal with such negative. In my experience, 1 year is a boundary, beyond which is coin's new life or death(not counting the protracted agony). It's time to make responsible decisions now.

Chance favors the prepared mind. :-)
randywald
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December 23, 2014, 12:53:59 PM
 #346

Mining is not the problem. The problem is that no one is interested in the coin which i clearly see in daily trading volume.
~29.000 daily mined coins not a problem? That's about 10 miilion coins per year. In present it means 50% "natural" inflation value. Giant as bitcoin has 10% value, litecoin - 30%. Vert is not such strong yet to deal with such negative. In my experience, 1 year is a boundary, beyond which is coin's new life or death(not counting the protracted agony). It's time to make responsible decisions now.

Ok, right what you said, but please don't forget:

29000 coins is not much money the market needs to absorb.

29000 x $0.02 = $580.

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December 23, 2014, 01:08:28 PM
 #347

Mining is not the problem. The problem is that no one is interested in the coin which i clearly see in daily trading volume.
~29.000 daily mined coins not a problem? That's about 10 miilion coins per year. In present it means 50% "natural" inflation value. Giant as bitcoin has 10% value, litecoin - 30%. Vert is not such strong yet to deal with such negative. In my experience, 1 year is a boundary, beyond which is coin's new life or death(not counting the protracted agony). It's time to make responsible decisions now.

Ok, right what you said, but please don't forget:

29000 coins is not much money the market needs to absorb.

29000 x $0.02 = $580.

$580 x 30 = $17400 monthly

and

MARKET CAP (USD)
$158,034 atm

see what I mean?
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December 23, 2014, 01:17:16 PM
 #348

Ok, right what you said, but please don't forget:

29000 coins is not much money the market needs to absorb.

29000 x $0.02 = $580.
At this point price in USD doesn't matter for coin's life, important is capitalisation. I tell you, that vert is not strong yet, regular dumps will kill coin in nearest future, because total vert capitalization soon may be not enough just for development support. Smiley In current conditions altcoin development and PR needs money, money and money again.
Inflation is main, but not the only problem now.

Chance favors the prepared mind. :-)
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December 23, 2014, 02:47:09 PM
 #349

Mining is not the problem. The problem is that no one is interested in the coin which i clearly see in daily trading volume.
~29.000 daily mined coins not a problem? That's about 10 miilion coins per year. In present it means 50% "natural" inflation value. Giant as bitcoin has 10% value, litecoin - 30%. Vert is not such strong yet to deal with such negative. In my experience, 1 year is a boundary, beyond which is coin's new life or death(not counting the protracted agony). It's time to make responsible decisions now.

I am still amazed that when something doesn't go as planned, someone asks for a change in block reward...
This strategy has always failed, I can't find any coin on which it was done successfully, and yet there are always someone asking for it...

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BTC: 1NENYmxwZGHsKFmyjTc5WferTn5VTFb7Ze
Pledge for neoscrypt ccminer to that address: 16UoC4DmTz2pvhFvcfTQrzkPTrXkWijzXw
LTCMAXMYR
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December 23, 2014, 02:56:10 PM
 #350

Mining is not the problem. The problem is that no one is interested in the coin which i clearly see in daily trading volume.
~29.000 daily mined coins not a problem? That's about 10 miilion coins per year. In present it means 50% "natural" inflation value. Giant as bitcoin has 10% value, litecoin - 30%. Vert is not such strong yet to deal with such negative. In my experience, 1 year is a boundary, beyond which is coin's new life or death(not counting the protracted agony). It's time to make responsible decisions now.

I am still amazed that when something doesn't go as planned, someone asks for a change in block reward...
This strategy has always failed, I can't find any coin on which it was done successfully, and yet there are always someone asking for it...
agreed, decrease block reward cannot save a coin,such as quarkcoin,fast reduce,and fast be ash
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December 23, 2014, 02:56:23 PM
 #351

I am still amazed when something doesn't go as planed, someone is asking for a change in block reward...
This strategy has always failed, I can't find any coin on which it was done successfully, and yet there are always someone asking for it...
I'll tell you the only right strategy for any altcoin(for example, darkcoin):
1. survive any way;
2. wait for competitor's death;
3. grow up.

Dangerous is not price per coin, dangerous is total capitalisation.

Chance favors the prepared mind. :-)
sammy007
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December 23, 2014, 04:11:54 PM
 #352

If you want shiny days again, dump the rest of your LTC regardless of it's price while it still breathing and buy VTC. The one and only reversal I see ATM. I did it today.

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December 23, 2014, 08:17:09 PM
 #353

Reducing the subsidy will not change anything.

A 50VTC block at 0.00006 or a 25VTC block at 0.00012 - contain the same amount of tradeable value. VTC has been at both, and far higher also.

The coin has been around for 11 months now (in two weeks, it will be a year) - so of course the Market Cap is 1/12th of the monthly created value - This is because there was no Premine so the distribution is wholly even (until the normal halvening that will occur).

The issue then isn't 50vtc or that every miner may want to dump their coins (illogically or not) - its that 50vtc isn't worth a damn lot these days, and changing that to 25, 10, 5 or even 1vtc per block won't change that.

We need reasons for people to want to buy the coin.



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Soma
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q327K091
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December 23, 2014, 09:07:36 PM
 #354

give coin time , I hope you all have full time jobs here, it is not like VERT is alone in this predicament, coin in my signature is in the same predicament as well and that despite having former core bitcoin developer doing planning and work

I say let the blockchain run its course pools are working lyra2re is performing exceptionally well, and market price is on par with the rest , blockain is stable nodes are stable, let it roll...

you all make me smile sometimes , coin is barely one year old and some of you expect a sky  Cool

cool write up here btw

http://newsbtc.com/2014/12/08/another-anti-asic-cryptocurrency-launched/

developer that modified wallet for lyra2re did much more than just code lyra2... copy here as well

SHAKE320 – The New POW Algorithm
The new algorithm is aiming to reduce mining costs by completely eradicating ASICs from the picture. A small description of KSHAKE320 describes it as a “new Proof-Of-Work algorithm (POW) based on the Keccak-F 1600 Sponge function in a mode called Extendable-Output (a.k.a. SHAKE). SHAKE’s variable output makes it ideal for a Proof-Of-Work solution, as it can easily be configured to require large amount of memory which increases the computing cost to those attempting to perform large-scale ASIC attacks.”

Incidentally, Vertcoin is also using the hash function Keccak in its chain algorithm, which also includes other algorithms like Skein, Groestl, Blake and Lyra2. However, the Kryptohash developers have implemented a 320-long mining hash, while Vertcoin uses the 256 one. Also, there is no mention of SHAKE in the Lyra2E whitepaper, which makes KSHAKE320 a truly unique algorithm thanks to handful of new features..

new upcoming awesome coin

the Gulden Coin: GKWHEPx3rQyPnbgQUSHu8gtgoRCgpqed1j
Akvilon_v
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December 23, 2014, 09:15:15 PM
 #355

Reducing the subsidy will not change anything.

A 50VTC block at 0.00006 or a 25VTC block at 0.00012 - contain the same amount of tradeable value. VTC has been at both, and far higher also.

The coin has been around for 11 months now (in two weeks, it will be a year) - so of course the Market Cap is 1/12th of the monthly created value - This is because there was no Premine so the distribution is wholly even (until the normal halvening that will occur).

The issue then isn't 50vtc or that every miner may want to dump their coins (illogically or not) - its that 50vtc isn't worth a damn lot these days, and changing that to 25, 10, 5 or even 1vtc per block won't change that.

We need reasons for people to want to buy the coin.
Agree. But:
1. Many miners are enough clever now(not only vtc miners), they sell coins as soon as they get them. VTC miners have no reasons to keep coins, because tomorrow they can buy it at lower price if needed.
2. I don't see now any reasons for people to buy vert, when it's price is being dropped every month.
3. You are wrong about "same amount of tradeable value", because it's not the reason. The reason is that amount of "new" emissioned coins grows too fast and automatically decreases price of "old" coins.
4. As a matter of fact, there is no buisness to accept instrument of payment with 90% annual inflation rate. This is called a suicide. This instrument must be stable or increase own price for a long term.
5. I don't think, that coin holding is good thing for coin. Circulation - is the only way for coin to survive. At current levels of inflation healthy circulation is impossible.

Ёбаный бабай нахуй, чему вас в Принстонах, Гарвардах и прочих Сорбоннах учат, а? Простейшие истины не вкуриваете. Полный пиздец, блядь, с материальной частью.

Chance favors the prepared mind. :-)
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December 23, 2014, 09:21:47 PM
 #356

Reducing the subsidy will not change anything.

A 50VTC block at 0.00006 or a 25VTC block at 0.00012 - contain the same amount of tradeable value. VTC has been at both, and far higher also.

The coin has been around for 11 months now (in two weeks, it will be a year) - so of course the Market Cap is 1/12th of the monthly created value - This is because there was no Premine so the distribution is wholly even (until the normal halvening that will occur).

The issue then isn't 50vtc or that every miner may want to dump their coins (illogically or not) - its that 50vtc isn't worth a damn lot these days, and changing that to 25, 10, 5 or even 1vtc per block won't change that.

We need reasons for people to want to buy the coin.
Agree. But:
1. Many miners are enough clever now(not only vtc miners), they sell coins as soon as they get them. VTC miners have no reasons to keep coins, because tomorrow they can buy it at lower price if needed.
2. I don't see now any reasons for people to buy vert, when it's price is being dropped every month.
3. You are wrong about "same amount of tradeable value", because it's not the reason. The reason is that amount of "new" emissioned coins grows too fast and automatically decreases price of "old" coins.
4. As a matter of fact, there is no buisness to accept instrument of payment with 90% annual inflation rate. This is called a suicide. This instrument must be stable or increase own price for a long term.
5. I don't think, that coin holding is good thing for coin. Circulation - is the only way for coin to survive. At current levels of inflation healthy circulation is impossible.

Ёбаный бабай нахуй, чему вас в Принстонах, Гарвардах и прочих Сорбоннах учат, а? Простейшие истины не вкуриваете. Полный пиздец, блядь, с материальной частью.

maybe this is your opinion, I don't know who is selling but lyra2 is chewing up energy as well I can feel my black boxes heating up thank God it is winter at least they dont short circuit breakers as was the case with Scrypt-N, Scrypt-N also made many LTC Gear customers very unhappy when it was suddenly switched off

anyone that is selling VERT right now is taking negative FIAT maybe for the pleasure of conversion but it is just plain stupid if you ask me

in short we are all victims of temporary setback in the crypto currency, strong American economy strong American dollar and cheap gas on the top of it (they are telling me is going to be even cheaper, so you should see FIAT escaping speculative markets including alt coins) probably into the next year

all rest are folks that lare trying to recover GPU/energy costs by converting coins but it is negative so I have no idea how they do it  Cool

new upcoming awesome coin

the Gulden Coin: GKWHEPx3rQyPnbgQUSHu8gtgoRCgpqed1j
fetcher
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December 23, 2014, 10:19:49 PM
 #357

Reducing the subsidy will not change anything.

A 50VTC block at 0.00006 or a 25VTC block at 0.00012 - contain the same amount of tradeable value. VTC has been at both, and far higher also.

The coin has been around for 11 months now (in two weeks, it will be a year) - so of course the Market Cap is 1/12th of the monthly created value - This is because there was no Premine so the distribution is wholly even (until the normal halvening that will occur).

The issue then isn't 50vtc or that every miner may want to dump their coins (illogically or not) - its that 50vtc isn't worth a damn lot these days, and changing that to 25, 10, 5 or even 1vtc per block won't change that.

We need reasons for people to want to buy the coin.
Agree. But:
1. Many miners are enough clever now(not only vtc miners), they sell coins as soon as they get them. VTC miners have no reasons to keep coins, because tomorrow they can buy it at lower price if needed.
2. I don't see now any reasons for people to buy vert, when it's price is being dropped every month.
3. You are wrong about "same amount of tradeable value", because it's not the reason. The reason is that amount of "new" emissioned coins grows too fast and automatically decreases price of "old" coins.
4. As a matter of fact, there is no buisness to accept instrument of payment with 90% annual inflation rate. This is called a suicide. This instrument must be stable or increase own price for a long term.
5. I don't think, that coin holding is good thing for coin. Circulation - is the only way for coin to survive. At current levels of inflation healthy circulation is impossible.

Ёбаный бабай нахуй, чему вас в Принстонах, Гарвардах и прочих Сорбоннах учат, а? Простейшие истины не вкуриваете. Полный пиздец, блядь, с материальной частью.

бгг lol
они иногда реально нууу тупыыыыеееее))
tankist0
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December 23, 2014, 10:46:47 PM
 #358

Maybe it's smart to wait watching +29000 new coins being created every single day VS constant (or declining) fiat market cap. Maybe something good happens, like sugar daddy decides to shovel in +29000 fiat units tomorrow, and continues to do so for next 365 days  Grin

I'm not sure what expectations coin creators had, when they came up with the initial emission math. In my very narrow understanding 1$ for 1VTC means 10 585 000$ market raise each year. Where this money will come from? VTC garage sales and friends from FED's printing facility?

Clear understanding of current situation and preemptive steps must be taken. Price should not fall forever. I'm for reducing block reward (maybe temporarily), official p2p pool (sign of dev quality), kick-starter to implement VTC payments on sites/stores, development of p2p exchange (VTC for food/job/building materials) ... list is opened to be continued

Akvilon_v во многом согласен но зачем так материться-то ))
daybyter
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December 23, 2014, 11:04:35 PM
 #359

Hacked a docker container to run the wallet. If anyone is interested, PM me.

Akvilon_v
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December 24, 2014, 11:14:01 AM
 #360

Akvilon_v во многом согласен но зачем так материться-то ))
Да потому что это реальный пиздец. Уже который месяц на редедите балаган наблюдаю: над агонизирующим телом собралась толпа воздыхателей, которая на каждый пук радостно реагировала "Great! Wow! Excellent!" и несла всякую ахинею. Вся надежда была на разрабов, что поменяют и вознаграждение с сменой алгоритма или похуй что, но снизят такой приток ликвидности.. Хуй там.
Вон на редедите ёбнутый наглухо хуйкин демагогию(диспут у него, блядь, видите ли) разводит: "Vert is at the bottom. I never expected these levels to be reached."
И этот ебанько будет дальше утешать себя, что дно достигнуто... Особенно  в тем моменты, когда будут стучаться снизу. А чего было ожидать можно, когда нахуярили за год хуеву тучу монет? И теперь удивляются дружно, как это так, цена наебнулась чуть ли не в 100 раз.

Chance favors the prepared mind. :-)
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