Here is the honest answer. VLC was billed as a new coin with a "fair launch" structure. One that allowed mining to happen in such a way where the general community could benefit and not just the first miners to join in. See the Original Post.
After a bit of discussion and investigation into the source it was determined that the code was written so that the first block mined was worth 1,000,000 coins. then the "fair" kicked in.
So, 1M out of the current 3M are owned by one person and done, what I would call, semi-secretly. Hardly what I would call fair.
So, that is why *I* am down on it. It is profitable to mine, no doubt, but as soon as there is value in the coin and the owner of the 1M decides to dump, you, the one who spent time mining, are left holding a ton of useless coins.
I think he already mentioned that he doesnt have 1M with him,rather only 200k or so? There are people with more than that many VLC (from mining) and i think all of us are smart enough to not just dump all the coins at once and be left with nothing. So dont be so sad about this. I have 100k+ vlc too and i am okay. I am just waiting for it to go on cryptsy so that i can start trading.
Well, in all seriousness, I do wish you well. I hope it turns out to be a successful coin. I was 100% bought in to it at the start, and I think the cryptocoin world in an interesting place to be.
Success in one coin is good for all coins.
Peace.
talk to phenixex maybe they can list VLC...or make i large giveaway event