probably nobody knows the answer but gonna ask anyway.. why has development been stagnant ? They where so active in the beginning. What happened?..
Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 130. (Read 1356140 times)
October 17, 2014, 08:54:30 PM
Hi
probably nobody knows the answer but gonna ask anyway.. why has development been stagnant ? They where so active in the beginning. What happened?..
probably nobody knows the answer but gonna ask anyway.. why has development been stagnant ? They where so active in the beginning. What happened?..
October 17, 2014, 06:18:39 PM
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So wait, the NAV is linked to the value of the core coins? And what was the average price most people bought into the SuperNET at?
AND he's allowed to use 1% of the funds raised as a wall UNDER the price people bought in at (which is actually more than 1% if he doesn't adjust for the decline in the assests values).
What then? Does he resell what he just bought at a higher price, or get to keep it to hoard more of the dividends.
Wow, no wonder he's dumping everything so hard. I was wondering what he was up to.
AND he's allowed to use 1% of the funds raised as a wall UNDER the price people bought in at (which is actually more than 1% if he doesn't adjust for the decline in the assests values).
What then? Does he resell what he just bought at a higher price, or get to keep it to hoard more of the dividends.
Wow, no wonder he's dumping everything so hard. I was wondering what he was up to.
James cant dump anything because he has no control over 99% of the funds and the 1% (at ending of the ico ~57 btc, it is way less then he put in supernet himself) he controls are for marketing, bountys etc regarding supernet.
99% of the ICO funds are in (multisig) escrow!
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No. It isn't backed by anything. That implies that at any time you can trade your SuperNET assest for a certain amount of the core coins that are apparently backing it.
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Yes. We are talking about the supernet's value and how people seem to think it's backed by the core coins. See above.
drkman and myself were talking about how supernets value is backed up by the value of the core coins and the assets that supernet holds.
you are the only one talking about a financial reserve of a currency.
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Wow. That's some great liquidity in those markets. What is that about $12 worth that a few of you can sell for? Meanwhile UNITY has dropped what? 20%?
What do you mean? On the first two weeks there was great volume, everyone could have sold and buy, even now with the situation of btc it has a good orderbook.
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Where are you getting 2% from. You received 15000 and 50000 each?
alone neodice asset was ~1,5% worth with supernet valued at 200 nxt.
That is the sum of all assets distributed to supernet assetholder.
next one please
October 17, 2014, 04:55:37 PM
If the core coins will never be sold then the SuperNET asset's value is not linked to the coins at all, other than the speculation of future dividends that those coins will provide.
You do understand that you already are contradicting yourself with the first sentence right?
Supernet holds 10% of all core coins they are a asset of supernet; of course supernets NAV is linked to the value of the corecoins. The main idea behind it is this: http://en.wikipedia.org/wiki/Keiretsu
Backed by means you can exchange it for a fixed amount of the underlying asset. Fixed amount means that no matter how many currency units are presented for redemption, each one of them will be exchanged for a fixed amount of the underlying asset. If there is not enough of the underlying asset, it's called the system is operating on fractional reserve.
We are talking about supernets value here, not about currency reserve standards luls.
nice quote to a total different story.
October 17, 2014, 04:21:01 PM
Theres so much nonsense in the last two page i dont even know where to start...
Supernet holds 10% of all core coins and will not sell them.
And also there is no single entity that control the funds alone not even james.
everything regarding funds is in (multisig) escrow and needs to be decided by assetsholders through a weightened vote.
You are buying supernet asset which has value through the core coins and other assets besides the speculation of future dividends (additionaly supernet holder already received 2 dividends) - one of the biggest difference to clonenet.
All i see are 5 activity newbie fudder, please try harder
Supernet holds 10% of all core coins and will not sell them.
And also there is no single entity that control the funds alone not even james.
everything regarding funds is in (multisig) escrow and needs to be decided by assetsholders through a weightened vote.
You are buying supernet asset which has value through the core coins and other assets besides the speculation of future dividends (additionaly supernet holder already received 2 dividends) - one of the biggest difference to clonenet.
All i see are 5 activity newbie fudder, please try harder
FUD DESTROYED!
October 17, 2014, 03:02:57 PM
Here is the "jl777" effect - an effective pump and dump ponzi scheme
. He runs an "investment fund" and makes trading bots for christ sake people.The new XC BlockNET will blow SuperNET out of the water as it doesn't demand 10% of the coins that he can use to manipulate the price. (His "sharkfund" already had atleast 10% of BBR already? I wonder who was manipulating the price before the pump and why he included it in the SuperNET
)LTCD and the BlockNET will be the winners. They actually know how to market and explain things to new users, not scream "the community isn't helping me enough! it will never get done if you guys don't do everything i don't want to" - while he sits on 4000 btc raised from the IPO.
I fully agree with you.
It has been a grandiose talk and very-very little substance from this jl777 James guy, though lately he doesn't even talks here. My late grandmother could have as much effect on VRC price as this guy had, and my grandmother never ever seen a computer. As I said here many time, no one will remember 1 year time what SuperNet was - except people who put hard earned cash into that vaporware.
Now, he got 100 BTC and the VRC price is still dropping. I guess he is dumping to buy low with the 100 BTC. He don't give a shit about VRC price nor about the community, he only needed VRC to use its transparent image to complete his ICO, and now he is gone.
In the meantime a few vocal cheerleaders celebrate the low price here, saying that actually they are happy with the low price. Of course cheerleaders would say anything to justify this failing project: if the price rise that's great, if the price drop that's great too ... quite incredible.
hep hep hurray
October 17, 2014, 03:01:24 PM
Theres so much nonsense in the last two page i dont even know where to start...
Supernet holds 10% of all core coins and will not sell them.
And also there is no single entity that control the funds alone not even james.
everything regarding funds is in (multisig) escrow and needs to be decided by assetsholders through a weightened vote.
You are buying supernet asset which has value through the core coins and other assets besides the speculation of future dividends (additionaly supernet holder already received 2 dividends) - one of the biggest difference to clonenet.
All i see are 5 activity newbie fudder, please try harder
Supernet holds 10% of all core coins and will not sell them.
And also there is no single entity that control the funds alone not even james.
everything regarding funds is in (multisig) escrow and needs to be decided by assetsholders through a weightened vote.
You are buying supernet asset which has value through the core coins and other assets besides the speculation of future dividends (additionaly supernet holder already received 2 dividends) - one of the biggest difference to clonenet.
All i see are 5 activity newbie fudder, please try harder
October 17, 2014, 02:48:58 PM
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.
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.
October 17, 2014, 12:53:01 PM
Here is the "jl777" effect - an effective pump and dump ponzi scheme
. He runs an "investment fund" and makes trading bots for christ sake people.The new XC BlockNET will blow SuperNET out of the water as it doesn't demand 10% of the coins that he can use to manipulate the price. (His "sharkfund" already had atleast 10% of BBR already? I wonder who was manipulating the price before the pump and why he included it in the SuperNET
)LTCD and the BlockNET will be the winners. They actually know how to market and explain things to new users, not scream "the community isn't helping me enough! it will never get done if you guys don't do everything i don't want to" - while he sits on 4000 btc raised from the IPO.
I fully agree with you.
It has been a grandiose talk and very-very little substance from this jl777 James guy, though lately he doesn't even talks here. My late grandmother could have as much effect on VRC price as this guy had, and my grandmother never ever seen a computer. As I said here many time, no one will remember 1 year time what SuperNet was - except people who put hard earned cash into that vaporware.
Now, he got 100 BTC and the VRC price is still dropping. I guess he is dumping to buy low with the 100 BTC. He don't give a shit about VRC price nor about the community, he only needed VRC to use its transparent image to complete his ICO, and now he is gone.
In the meantime a few vocal cheerleaders celebrate the low price here, saying that actually they are happy with the low price. Of course cheerleaders would say anything to justify this failing project: if the price rise that's great, if the price drop that's great too ... quite incredible.
October 17, 2014, 11:24:25 AM
what happened to vrc? I don't have the time to follow you guys anymore, but judging by the price there are still no real updates I guess? Plus the general situation in the Scene makes it hard to find any buy support currently.
And as I understood Mintpal/Moolah fuck up as bad as they could which drags a lot of volume out of the market on top.
And as I understood Mintpal/Moolah fuck up as bad as they could which drags a lot of volume out of the market on top.
it is better VRC is in the low right now, otherwise, vrc will be sold high and btc will go to other coins, particularly the upcoming ICO of another gaming coin.
edit: i miss the times when VRC was so hot tho..
October 17, 2014, 10:19:11 AM
what happened to vrc? I don't have the time to follow you guys anymore, but judging by the price there are still no real updates I guess? Plus the general situation in the Scene makes it hard to find any buy support currently.
And as I understood Mintpal/Moolah fuck up as bad as they could which drags a lot of volume out of the market on top.
And as I understood Mintpal/Moolah fuck up as bad as they could which drags a lot of volume out of the market on top.
October 17, 2014, 10:12:29 AM
I wonder if the supernet news will follow through.
October 17, 2014, 09:50:17 AM
kind of sad.. a weed coin that has 99M coins is worth more than VRC 
Its worth more today but it won't be worth more next week that i can promise Those are just weekly pump and dump shitcoins... how many weed coins are there? cann, maryj, pot, theres even another cannabiscoin and dopecoin ... and i know I'm missing another one lol saddest thing is is that potcoin has been around forever and work hard and have great things going on yet its the cheapest one lol. The crypto market is lame and you can't put value on any coin due to its price... only .01% of coins are priced proper to value, the rest are just results of whales and manipulation(gambling)...Thats why without some kind of change, crypto will wither away as all the btc is funnelled into the selected few (whales, sharks, scammers, thieves, blah blah etc...) 99% of all coins out there right now will be dead, gone and never to be heard of again only to be replaced by fresh new shitcoin scams etc...and the cycle continues until were left with the strongest real coins with ppl behind it that never quit and always had the right intentions, the ones that survived the whales and manipulations, the ones that always kept true to the real purpose of change.
Thats why I chose vericoin to be my main bitch, the one i don't toy with, the one i only buy and stake. I know its the one coin that no matter what happens in this early stage cesspool of a gold rush called crypto, vericoin will never be given up on. If you snap shot this post and read it next year or 2 years from now i can promise you 2 things...1- vericoin will be around and 2- those weed coins we were just talking about most probably will be hard to even remember...
I'm sure you are correct kunachii...but it is still kind of sad
October 17, 2014, 09:39:27 AM
The worst part about VRC is the community.
Not entirely, but definitely 95% of it. So damn toxic. The other 5% however who are actively supporting the coin how they can, plus the committed dev team are the only things keeping this coin afloat.
TBH, I expected this coin trading at around 3-5k satoshis by now. I guess I still have to wait a bit longer. Maybe another week or two?
Keep up the 'great' work community! So much to be 'envied' & learned from the VRC community about how a community directly affects a coin's value!
Not entirely, but definitely 95% of it. So damn toxic. The other 5% however who are actively supporting the coin how they can, plus the committed dev team are the only things keeping this coin afloat.
TBH, I expected this coin trading at around 3-5k satoshis by now. I guess I still have to wait a bit longer. Maybe another week or two?
Keep up the 'great' work community! So much to be 'envied' & learned from the VRC community about how a community directly affects a coin's value!
The community has nothing to do with the price. What a few random, anonymous users talk here has no effect on the price whatsoever.
The price is determined by the unique features, technical attributes, usefulness and development team of the coin. Vericoin is nothing more than one of the 500 BTC/LTC clones, with no unique features, the coin is petty much useless (there is no real use case for the coin) and the development team hasn't been delivering a thing for months. Therefore, the market values the coin at 9-10K, which is quite a generous valuation knowing the aforementioned issues. What no-name community members and bagholders say here is completely irrelevant from price viewpoint.
You really think a coins community has nothing to do with its value?
Are you new to crypto currency? Have you not heard of DOGE? DOGE's history alone completely shits all over what you just said.
Nonsense, and you clearly have no idea what you are talking about. You came here and said that VRC price is low because of the community, and I answered to that statement by pointing out that VRC price is not low because of the community.
The VRC community is actually a vibrant, active and dedicated group of supporters, it is lot stronger than at most of other coins, but the price is surely not going down or up because the community does something or failed to do something
Of course the community had a prime role in developing DOGE, but the community driven success of DOGE was clearly a one-off event just like the story of Bitcoin and Litecoin are unique stories. You must be very new to crypto if you want to model any trends based on the events of Bitcoin, Litecoin and Doge, and apply that logic to clones (like VRC), and you are completely wrong expecting that the events of Bitcoin, Litecoin and DOGE could be replicated with Vericoin. 6 months in crypto is like 5 years in conventional business, additionally the landscape has changed dramatically in the last 1 year. Crypto-currency is an evolving and very unique environment, what happened with DOGE has nothing to do with VRC.
October 17, 2014, 08:31:43 AM
The worst part about VRC is the community.
Not entirely, but definitely 95% of it. So damn toxic. The other 5% however who are actively supporting the coin how they can, plus the committed dev team are the only things keeping this coin afloat.
TBH, I expected this coin trading at around 3-5k satoshis by now. I guess I still have to wait a bit longer. Maybe another week or two?
Keep up the 'great' work community! So much to be 'envied' & learned from the VRC community about how a community directly affects a coin's value!
Not entirely, but definitely 95% of it. So damn toxic. The other 5% however who are actively supporting the coin how they can, plus the committed dev team are the only things keeping this coin afloat.
TBH, I expected this coin trading at around 3-5k satoshis by now. I guess I still have to wait a bit longer. Maybe another week or two?
Keep up the 'great' work community! So much to be 'envied' & learned from the VRC community about how a community directly affects a coin's value!
The community has nothing to do with the price. What a few random, anonymous users talk here has no effect on the price whatsoever.
The price is determined by the unique features, technical attributes, usefulness and development team of the coin. Vericoin is nothing more than one of the 500 BTC/LTC clones, with no unique features, the coin is petty much useless (there is no real use case for the coin) and the development team hasn't been delivering a thing for months. Therefore, the market values the coin at 9-10K, which is quite a generous valuation knowing the aforementioned issues. What no-name community members and bagholders say here is completely irrelevant from price viewpoint.
You really think a coins community has nothing to do with its value?
Are you new to crypto currency? Have you not heard of DOGE? DOGE's history alone completely shits all over what you just said.
October 17, 2014, 08:11:17 AM
The worst part about VRC is the community.
Not entirely, but definitely 95% of it. So damn toxic. The other 5% however who are actively supporting the coin how they can, plus the committed dev team are the only things keeping this coin afloat.
TBH, I expected this coin trading at around 3-5k satoshis by now. I guess I still have to wait a bit longer. Maybe another week or two?
Keep up the 'great' work community! So much to be 'envied' & learned from the VRC community about how a community directly affects a coin's value!
Not entirely, but definitely 95% of it. So damn toxic. The other 5% however who are actively supporting the coin how they can, plus the committed dev team are the only things keeping this coin afloat.
TBH, I expected this coin trading at around 3-5k satoshis by now. I guess I still have to wait a bit longer. Maybe another week or two?
Keep up the 'great' work community! So much to be 'envied' & learned from the VRC community about how a community directly affects a coin's value!
The community has nothing to do with the price. What a few random, anonymous users talk here has no effect on the price whatsoever.
The price is determined by the unique features, technical attributes, usefulness and development team of the coin. Vericoin is nothing more than one of the 500 BTC/LTC clones, with no unique features, the coin is petty much useless (there is no real use case for the coin) and the development team hasn't been delivering a thing for months. Therefore, the market values the coin at 9-10K, which is quite a generous valuation knowing the aforementioned issues. What no-name community members and bagholders say here is completely irrelevant from price viewpoint.
October 17, 2014, 05:56:50 AM
The worst part about VRC is the community.
Not entirely, but definitely 95% of it. So damn toxic. The other 5% however who are actively supporting the coin how they can, plus the committed dev team are the only things keeping this coin afloat.
TBH, I expected this coin trading at around 3-5k satoshis by now. I guess I still have to wait a bit longer. Maybe another week or two?
Keep up the 'great' work community! So much to be 'envied' & learned from the VRC community about how a community directly affects a coin's value!
Theres a great community... this thread is definitely not it, go to https://www.vericoinforums.com Not entirely, but definitely 95% of it. So damn toxic. The other 5% however who are actively supporting the coin how they can, plus the committed dev team are the only things keeping this coin afloat.
TBH, I expected this coin trading at around 3-5k satoshis by now. I guess I still have to wait a bit longer. Maybe another week or two?
Keep up the 'great' work community! So much to be 'envied' & learned from the VRC community about how a community directly affects a coin's value!
October 17, 2014, 03:24:02 AM
The worst part about VRC is the community.
Not entirely, but definitely 95% of it. So damn toxic. The other 5% however who are actively supporting the coin how they can, plus the committed dev team are the only things keeping this coin afloat.
TBH, I expected this coin trading at around 3-5k satoshis by now. I guess I still have to wait a bit longer. Maybe another week or two?
Keep up the 'great' work community! So much to be 'envied' & learned from the VRC community about how a community directly affects a coin's value!
Not entirely, but definitely 95% of it. So damn toxic. The other 5% however who are actively supporting the coin how they can, plus the committed dev team are the only things keeping this coin afloat.
TBH, I expected this coin trading at around 3-5k satoshis by now. I guess I still have to wait a bit longer. Maybe another week or two?
Keep up the 'great' work community! So much to be 'envied' & learned from the VRC community about how a community directly affects a coin's value!
October 17, 2014, 12:27:53 AM
kind of sad.. a weed coin that has 99M coins is worth more than VRC
Its worth more today but it won't be worth more next week that i can promise Those are just weekly pump and dump shitcoins... how many weed coins are there? cann, maryj, pot, theres even another cannabiscoin and dopecoin ... and i know I'm missing another one lol saddest thing is is that potcoin has been around forever and work hard and have great things going on yet its the cheapest one lol. The crypto market is lame and you can't put value on any coin due to its price... only .01% of coins are priced proper to value, the rest are just results of whales and manipulation(gambling)...Thats why without some kind of change, crypto will wither away as all the btc is funnelled into the selected few (whales, sharks, scammers, thieves, blah blah etc...) 99% of all coins out there right now will be dead, gone and never to be heard of again only to be replaced by fresh new shitcoin scams etc...and the cycle continues until were left with the strongest real coins with ppl behind it that never quit and always had the right intentions, the ones that survived the whales and manipulations, the ones that always kept true to the real purpose of change.
Thats why I chose vericoin to be my main bitch, the one i don't toy with, the one i only buy and stake. I know its the one coin that no matter what happens in this early stage cesspool of a gold rush called crypto, vericoin will never be given up on. If you snap shot this post and read it next year or 2 years from now i can promise you 2 things...1- vericoin will be around and 2- those weed coins we were just talking about most probably will be hard to even remember...
October 17, 2014, 12:23:30 AM
I'm going to leave this right here
Quote from James
https://nxtforum.org/unity/supernet-funds-request-authorization-thread-official/40/
Quote from James
Quote
VRC has committed to making a cloud storage GUI for SuperNET using the recent DHT API I made. The plan is to create a way for users (and companies or even other coins!) to rent out HDD space to the cloud. All of the details have not been worked out yet, but the VRC community has been quite active with its SuperNET support and with a cloud storage solution will definitely be worthy of SuperNET core inclusion. I will be working with them to solve whatever tech issues come up.
https://nxtforum.org/unity/supernet-funds-request-authorization-thread-official/40/
Jesus H Christ! James got approval for 100 BTC for open market purchase of VRC and the price just hit a 6 week low... This seems too good to be true? Am I missing something?
Edit: lol on a side note - it only takes 4 BTC to knock VRC down to .00000180 on bittrex =)
October 16, 2014, 08:48:01 PM
kind of sad.. a weed coin that has 99M coins is worth more than VRC
Its worth more today but it won't be worth more next week that i can promise Those are just weekly pump and dump shitcoins... how many weed coins are there? cann, maryj, pot, theres even another cannabiscoin and dopecoin ... and i know I'm missing another one lol saddest thing is is that potcoin has been around forever and work hard and have great things going on yet its the cheapest one lol. The crypto market is lame and you can't put value on any coin due to its price... only .01% of coins are priced proper to value, the rest are just results of whales and manipulation(gambling)...Thats why without some kind of change, crypto will wither away as all the btc is funnelled into the selected few (whales, sharks, scammers, thieves, blah blah etc...) 99% of all coins out there right now will be dead, gone and never to be heard of again only to be replaced by fresh new shitcoin scams etc...and the cycle continues until were left with the strongest real coins with ppl behind it that never quit and always had the right intentions, the ones that survived the whales and manipulations, the ones that always kept true to the real purpose of change.
Thats why I chose vericoin to be my main bitch, the one i don't toy with, the one i only buy and stake. I know its the one coin that no matter what happens in this early stage cesspool of a gold rush called crypto, vericoin will never be given up on. If you snap shot this post and read it next year or 2 years from now i can promise you 2 things...1- vericoin will be around and 2- those weed coins we were just talking about most probably will be hard to even remember...
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