Topic: [ANN] VGC - VegasCoin - page 7. (Read 74438 times)

Good News! Nova exchange no longer closing.

This is good news if true.  Confirming now

Here's the part of the source code that determines the reward:

    int64 nSubsidy = 30 * COIN;

    // Subsidy is cut in half every 1777666 blocks, which will occur approximately every (little less than) 2 years
    nSubsidy >>= (nHeight / 1777666); // VegasCoin: 1.7m blocks in a little less than 2 years


Basically it starts at 30 and halves every 1777666 blocks.

That means we're only about 34500 blocks away from the second halving point (reward 15 VGC -> 7.5 VGC)

There does not appear to be any cap on total supply, but there isn't a minimum reward either. After enough time the reward halving will result in a value equivalent to "dust" which will not be credited to the block winner.

Novaexchange has posted lists of coins they are delisting.... Luckily, I don't see Vegascoin on that list... Let's hope we are still in when the exchange goes back online...

We could also look into the decentralized exchanges under development.... But I notice there is a lot of phony vegascoin chatter on twitter FROM THE FAKE VEGASCOIN PEOPLE. One guy says he made a Vegascoin through Counterparty, and the other one that started as Flycoin and tried to steal the name... those are TOTALLY fake currencies that did not launch fairly. We must stand our ground...

My friends are totally blown away by bitcoin and litecoin right now (because they got in late). They are disappointed they didnt get in sooner (when I first told them about it). I think we are potentially at a turning point, especially if we start promoting locally.

I took some photos this week of billboards that are now around Las Vegas with Bitcoin being promoted. I will post them here soon (along with the bitcoin all over "The D" hotel digital signage (its animated so maybe i will upload a video clip for your enjoyment).

Do you know how many have been mined so far? I can't find a block explorer that says that like we used to have one that did.

Because I think if there is a buy back that will be honored, going over the max supply will affect the decision.

Latest news I have heard, posted in the Nova trollbox yesterday.

Re: Novaexchange. I'm hopeful of the exchange continuing, but I wouldn't be surprised if it doesn't. Aside from the initial announcement there's been very little extra information offered, apart from some vague "discussions with new owners" posts. Mods repeatedly say to check the news page but the last relevant news was posted nearly a month ago. It's also really strange that simply changing owners would require crippling the core business for months. That's going to lose a hell of a lot of goodwill. Why are they doing it this way?

3 BTC is outrageous. I really like Cryptopia, in fact I prefer them... but we cant afford these high listing fees everytime an exchange goes down (especially with the BTC price rising like it is)... Also, we are not considering that Novaexchange is changing ownership so we may still be listed once ownership changes over....

I think we can definitely get more local support in the near future (which could significantly increase our trade volume). With Bitcoin really getting more buzz, and casinos in Vegas (Like "The D" on Fremont Street who PROUDLY accept bitcoin and its all over their digital signage outside the casino (ill post some pictures sometime soon).... I have been getting more questions than ever from noobs in Vegas who want to know more about what cryptocurrencies to invest in...

We still have a lot of potential. I do not think its wise to call it dead.

Ideally if we have the means to do our own exchange at some point, I think other major exchanges may add us for the hell of it.

I registered Vegascointalk.com and am hoping to get that going soon, along with tutorials so new people can get involved right away and have a better understanding of how it all works. This will increase our longterm investors. My other site(s) are still on hold for now due to time constraints but they will accept VGC once they are ready.

I was suprised to see the price dropped, wish i had more money to buy coins right now.... once our exchange situation gets sorted out, we should all try to put some bids up on the buy side (so if BTC goes way up and any weak hands start dumping VGC we get the coins much cheaper).

My guess is there is more than 100 million coins. Most of these old coins are coded so that mining rewards do not stop after the max supply is reached.

In case you didn't see this.

I traded in my VGC for the ETH VEGAS after I cornered 20% total supply of VGC. The last time I looked at his wallet QNm4MWrjeTyJguBJqrhmcQetqocHm1F9vD it had over 22 million of the 100 million total supply of VGC.

The swap into ETH has already started. It isn't at the consideration stage anymore. https://etherscan.io/token/0x4429ad3d60721fe71afe62684ed6492ae4363326?a=0x64Cd24e0f3d2527BFa127CAaeCeF419857D1E68e

ETH was less than $10 when the token was launched. Novaexchange is an abandoned exchange at this time. There is no trading VGC on it. People can't make deposits of any coin if they want to. Nobody knows what the new owners will do. There is no trading I can find anywhere.


I see no reason why you can't continue with the scrypt coin if that is what you want to do. One member on the dev team casually said someday VGC may be revisited. When I pressed for clarification, I didn't get an answer. So I have seen almost no interest to support VGC.

It is my understanding VEGAS is good because ETH takes millions of dollars of development away from the coin team. Also, the city of Las Vegas is simply not ready to adopt a crypto. There is a Las Vegas Coin competitor you can watch and see if that proof of stake coin has any success that says differently. If the best bet is to hold, what other option is there when no market exists with a buyer? Holding would be the only bet.

A few friends and I are going to create a company called Vegas Pay and we want to develop it with an ETH wallet for VEGAS tokens. But I do not see any way for users to get VEGAS except from the dev team. At first I was going to make a portion my wallet available but then I decided not to do that.

Was reported this morning, in the Nova trollbox, that discussions with new owners are doing well and they maybe able to transfer users to new site.

Best way to keep a coin listed on an exchange is to trade. Novaexchange policy to keep coin listed is as follows:
I'm not sure if VGC is up for any delisting yet but I know they may remove more coins before closing site down. I was able to keep VGC listed on Nova after they put it up for delisting in past, but not sure if I could succeed again due to the low volume levels.

Thing about Novaexchange is they have been sold and are in talks with new owners about where how when things will change over etc etc

https://novaexchange.com/news/

017-12-10 17:44 - Ongoing discussions with new owners

Discussions with new owners are going well and it seems very likely that there will be a simple way to migrate from old site to new site (same domain, just new management). Hopefully this will be ready around February 2018. More information will be published as soon as we know more.

highoncoins (youtube) mentioned Vegascoin as a great idea for the future. he says a casino should do it themselves... that could be us....

https://www.youtube.com/watch?v=w0Z_yBF0nAY

Nothing has happened with vegascoin for a long time.

Is this currency still developing?
Any official chat as a discord or telegram?
Where can I find the Roadmap?

How about coinsmarkets.com? They take every shitcoin.

Vegascoin was already listed on Cryptopia but was delisted due to all of the wallet issues.

this is an example of a very small sports book (one of the smallest I have seen), it has tv screens with scores/lines.... a physical exchange could be small or large, but the customer service counter would just be where people put USD into their account (then they do the trading on the website or app) maybe cashing out at the counter to a certain limit and for larger amounts cashing out at the main cage...

the screens could also be big like the big sports books with all the current trading/coin marketcap statistics, etc. maybe crypto related television on other screens.

I was also thinking it would be cool to establish more long term mining in Las Vegas, the problem is electricity is very expensive, so the ideal route would be power them with solar. Not only would this eliminate significant operating costs, the mining/nodes will be sort of "digital monuments" to the long term stability of the coin, but with increase in scaling there will be increase in need for more mining... it would be great to see mining equipment companies come forward with possible solutions in the future, mining could become very profitable in the future and it would be good if the currency promoted future education, and mining is a great way to get involved and learn the ins and outs of the currency, this would be a big plus for mining equipment companies looking for more business, what better opportunity than sponsoring some solar rigs --- so maybe some solar people too

these are just my ideas, they are ambitious and I definitely cant put that kind of workload on myself alone, hopefully all of our ideas will develop into bigger and better things over time. But I think we will definitely see price growth soon on the exchange... the sell orders are the thinnest I have seen them, a few hundred dollars could set the price off..... If someone dropped a Bitcoin on the VGC exchange it would change our price paradigm completely (lol, im just guessing)...

That's pretty rich, considering they just delisted a bunch of coins, even though they claim (or did claim in the past) "once a coin is voted in we do not delist"

Also, to acquire 250k DOT (the discounted listing fee) at market will cost you nearly 3 BTC