Topic: [ANN] VGC - VegasCoin - page 23. (Read 74438 times)

I hate Bitcoin very much but I'm willing to give VegsCoin my support at this time because it has potential exactly as the founders have imagined. I absolutely believe it will draw marketing attention.

Casinos ban their employees from being customers and employees at the same time. Whereas banks can consider it to be an act of dishonesty if an employee doesn't use the company's financial service products. In my opinion, Vegas should run the exchanges and banks should develop financial service products and merchant services. In my opinion, this could be better customer service ethics.

If it was me, I think it is better to find casinos to open USD/VGC exchanges and then let banks outside of Las Vegas worry about making the financial services products. Marketing is the gold mine to be found in VegasCoin. It would really help if the city could get involved here with municipal backing. My question is, can the city remint the VegasCoin with a small city muni bond? Can the new coin have laws, regulations, oversight and customer service? I think it would be a good way to keep the currency centralized in the city where everybody wants to go. And it would also allow financial services and pinpoint marketing outside of the city limits.

As far as growth, my first impression is that growth is an illusion. If Bitcoin crashes and loses half it's value, then it will cause the price of VegasCoin to grows twice as high. But VegasCoin didn't ever grow in terms of United States Dollars. Bitcoin crashed, that's all.

The immediate step is to maybe find a way to build a cash for VGC exchange and a way to keep those exchanges in the city limits. Until then, I think VGC and BTC are on opposite ends of a sea-saw. I believe the dollar will crash or gold will spike and either of these two events will punish Bitcoin prices. That is when VegasCoin will rocket in terms of Bitcoin. At this time, VegasCoin effectively serves as an option instrument to buy Bitcoins in a Bitcoin price crash event. There really is no other use for it, yet, because you can only buy VegasCoin with Bitcoins.

My idea is to re-mint a VegasCoin with a municipal bond instrument and bring it into the mainstream financial services system. It will always be worth a VegasCoin because it was born from a VegasCoin. The hybrid value of adding a municipal bond will add to that base value. And if Bitcoin crashes, then you can cheaply capture and add another one of those into the hybrid coin, too. Vegas is the PERFECT place for this experiment to be attempted. Marketing would be unbelievably precise and highly effective like nothing ever tried before. I KNOW I can sell VegasCoin in Hawaii if there was a casino that was willing to listen to my ideas. This could be very exciting if it can be adopted into the generally accepted financial sytem.

"So I placed my buy order at the tiniest increase above the highest ask."

should read

"So I placed my buy order at the tiniest increase above the highest bid".

Somebody was using a program to generate orders that were always one increment higher than the highest bid. Any new order were immediately leapfrogged so that all sales went to the buyer who wrote the auto bid script. What I did was leapfrog those orders one at a time until I found the limit where the program stopped trying to buy all the coins that were dumped onto the Bitcoins.

Then I noticed that the opposite was now happening. The autoscript was selling coins one increment lower than the lower ask. The script undersold any new leading orders that were placed.

So I placed my buy order at the tiniest increase above the highest ask. And one increment higher than that, I placed 10 shares for sale. Not only did the auto script dump all it's shares into my significantly lower bid and fill it, but I think this low priced sale triggered some stop orders to dump shares as well. The exchange immediately closed very quickly after I was getting all those cheap coins, so I suspect it was the trading exchange that is responsible for the activity I found.

I'm pretty sure VegaCoin is aware of what happened because they removed Bittrex from their page almost at the same time. There must have been a discussion.
Posted from Bitcointa.lk - #Yb22Kqoqg8ppldIX

I hope your right. I have been thinking this is a long term coin but even long term coins need some growth otherwise they fade away. I really like the idea and if they pull this off that would be great. I just have a hard time believing any descent size business will want to use a no name small community coin. I hope they pull this out like i originally thought.

I completely understand your point of view, I too have my doubts. However, the things that kept me going over the last few weeks/month are:

- they started a business for VGC
- the wrapping of the Corvette (which has sadly also been delayed) is a great promotional tool
- planning to make it easier for non-crypto people to buy VGC is a great concept, but will have to prove itself once it rolls out
- the Android wallet could be ready any day now, this should give us a better idea of what's to come. (is it stable? reliable? secure? easy to use? professionally developed? ...)
- with the Android wallet out, businesses should follow pretty quickly... If/When this happens things could go very fast.
- I have been chatting with the dev trough pm from time to time and there is alot more stuff going on behind the scenes, they just can't say anything about it publicly because of NDA's and as long as it's not a sure thing it would be wrong to put it out there.

The community is relatively small, the original dev team was only 2 people with a full-time job (don't know if they have more staff right now) This makes large investments hard and very risk full. All this results in very slow progress in a platform (crypto) where everyone wants to see things happening as fast as possible. And if it doesn't they lose interest... Personally I agree with the article previously posted and most coins aim to pump and dump but will fail in the long run, since they have no actual plan to use their coin in the real world any different from Bitcoin. Only a minor few are different and I truly believe VGC is one of them. Slowly progressing, but still...  

Time will tell if they have the ability to realize their ambition. But if they do, we're in for a serious ride!  

Not to be always doubting but I have heard this from so many developers. They have not shown a single thing that gives this coin value. They have a bunch of well we have great things coming but we cant tell you. Maybe they are buying all the cheap coins and they do have something or maybe they over estimate their abilities. I was a big supporter of this development team and this coin. But I have seen nothing that wants me to keep supporting it.

https://bitcointalksearch.org/topic/m.6985668

In time they will put VGC back, no worries 

Maybe I am thinking of a different exchange but I am pretty sure they said that is why it is down in VGS cryptocoin talk thread. That is where the dev post most of the time.

i dont think so, one day before it is down, there was some buy and sell, they also didn't mentioned that they will take it down.
there is too many coins with 0 volume and they didn't take them down!

It was taken down due to low volume.

What happened to VGC at Bittrex  

https://bittrex.com/Market/Index?MarketName=BTC-VGC

This guy literally explains why VGC has the potential to succeed where other coins are just trying to copy Bitcoin.

And I quote:

"When a new coin is launched, ask anyone in crypto about it and they will tell you what algorithm is used, how many coins there will be, whether it’s a proof-of-work coin, or proof-of-stake, or a hybrid. They may talk about a cool new wallet feature, or a faucet or dice game, or their fancy website or some mobile app they are developing to fund future projects.

All this is great. And the general public cares nothing about any of it.

The public doesn’t care whether you have a keychain with your logo on it. They don’t care if your algorithm is eco-friendly, or if there are 15 million or 100 million coins. In fact, the public doesn’t even know about you, because you have done nothing to get their interest. Before you ever create your coin, you need to figure out how you will distinguish yourself to the world outside of crypto.

How does your coin differ from Bitcoin? Is it faster? Well, a lot of coins are, but that’s not enough. Can your coin be used in an online service to reduce paypal and credit card fees? That would interest the public. Can it be used – easily – for streamlined and inexpensive international money transfers? Huge.

As an investor I want to know your plans up front. I’m not putting my money into your coin unless you can tell me why it will have value. And I want to know you have the team to realize those plans, which leads to…."

In the end it's the dev team that will have to take the necessary steps to achieve this goal and from what I can tell they are reaching for the sky, I mean... THE MOON! 

Read the whole article here:
http://thecoinfront.com/why-most-if-not-all-altcoins-will-fail/

Big news takes time to get done, I can tell you the Android dev told us he should be done any day now... He ran into a few issues but looks like it should be done any day now.

The big news is covered with NDA's and contracts at this time, but I have leaked some pics that might give it away

We have already completed our very first giveaway for 1000 VGC and I will be putting on a new giveaway in the next 24 to 48 hours!

Also some of you may have noticed I added the BUY button to the website, well right now we are working on a merchant account to protect against charge backs.  This Buy option will also provide a web based wallet with a SELL feature also coming soon, this will 100% allow people to buy/hold and sell VGC all on our website direct with USD and other currencies coming soon!

All this in hopes to help new fans who might not understand bitcoin, nor have an account to buy bitcoin get into VegasCoin with little to know crypto knowledge.  Also allowing businesses to instantly sell their VGC to us and obtain their USD if they wish


Once this is done, we will be the first one to do so I think.. please correct me if I am wrong, but we do strive everyday on this project and have big ties with Las Vegas, Nevada businesses.

Pito your awesome! for sure our #1 fan, and I will never forget that!

Awaiting the big news from the mediteranian  

That is the BIG news coming, your going to see more of that going on soon... (Hint= Investors buying them all up before the big news) lol

High volume ranking at coinmarketcap.com 

This coin has very active Dev's. I am betting on this coin. They do not talk much on this forum but do use cryptotalk.


thanks so much for what the dev has done, best wishes..

Give it a few weeks. VGC is growing the last few days, can't win Mintpal overnight and have no volume to trade. 
I'm voting (alot) on Cryptsy too... Once 'all is revealed' things will move fast enough I think.

Come on guys we need to get voting on mintpal. we are in 75 place. https://www.mintpal.com/voting