Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 173. (Read 1356140 times)

The reserve is going to still serve the initial purpose that James requested, however, we will be managing it according to the community demands instead of James. The escrow will still ensure that 10k satoshi will be sent for each VRC as per the initial terms once the VRC price breaks 50k satoshi. The rest of the stash is to be used for projects that the community will vote on, as per the initial fundraising criteria. We are still aiming for 10% of VRC to be in this fund and hope donations continue to come in.

The coins will not be staked, for now, as donations in are difficult to track once coins are re-aged. They will not be used for anything until the community decides on a fate for them.

Nice update. James coming into vericoin, a game changer. You guys recognizing it and enthusiastically supporting him, a very positive sign. NOW this project has a future worth investing in. Congrats to the community.

Thanks for the update Pat!

Thanks for the updated.  I'm confused by that link though.  It's dated July 26 and it says it was last updated July 26.  Was that page edited without reflecting today's date?

@nosker and @pike:

You guys made conflicting statements yesterday about the escrowed vericoin "donated" by the community.

No need, nosker, to add confusion: no need for even mentioning % since James will not be taking anything from the amount donated REGARDLESS if the initial thesholds are reached or not.

The clarifications needed are:

1 - will the coins be returned to the "donors" since there's no longer a requirement for the reserve to exist ir not.
2 - assuming they will not be returned, the only questions are: pike's "management" of those funds include staking them? Trading?or none of the above?

I believe "donors" and potential "donors" will be interested in the clarifications and, above all, that you both, along with the community, are on the same page. As of the last posts on the matter, you are not.

i agree.. been looking at btsx too, and i thought this would make it easier than bitcoin.. (even with TITAN), but its not & still buggy - so there is still a big opportunity for vericoin - easier mass adoption

Awesome stuff! Thanks for the update!

amazing news!!!! thanks for the update!

With the help of James, the other superNET developers, and the MGW team, we are implementing superNET into VeriCoin. As you can see, we're on cluster #2 (currently in testing): https://nxtforum.org/umgwc/umgw-clusters-distribution-and-supported-coins/

We are finishing up our new flat QT wallet as well as working on an optional, paired, HTML 5 wallet that is based upon NXT code for a very gorgeous, highly interactive, and feature-filled implementation of Blockchain 2.0 features on top of VRC (including decentralized exchange, aliasing, messaging, etc.) which will really take VeriCoin to the next level.

James, of course, is working on his project for VRC and we are very excited about it and will share details when the time is right. VeriCoin is geared to grow and there's not much that can hold us back now. The community is showing strength, the coin is perhaps stronger than ever with high staking, and the future projects are really poised to take VeriCoin both to the masses and keep VeriCoin competitive with the most advanced coin for the future by leveraging the superNET community.

The HTML 5 wallet will make VeriCoin as easy to use as a website. Simple, sleek, and fast. The three things most important things for adoption.

I've added a simple 3-way calculator to the VeriCoin Quick Stats page:

http://vericoinnews.info/stats.php

We're going to add instructions to the git. Thanks again!

thx a lot! maybe you could put it in reddit.com/r/vericoin that way it is easier to find. or maybe the devs could put the binary and the installation description on the official page.

Dependencies are :

sudo apt-get install qt4-dev-tools libboost-dev libboost-thread-dev libboost-program-options-dev libboost-filesystem-dev libboost-system-dev libdb++-dev libminiupnpc-dev libssl-dev

Like you postet in post #16235

And Distro is Raspbian.


If someone wants so build a staking device with a Raspberry Pi, here's a little step-by-step tutorial:

1) Install Raspbian system with NOOBS : http://www.raspberrypi.org/help/noobs-setup/

2) Boot the system and login: Default login is:  USER: pi ; PASSWORD: raspberry

3) On first boot you will be promted to a configuration, where you can change the PI's name on the network and the password for the Pi user.

4) If you use remote desktop,you don't need to connect nothing to the Pi, exept LAN-Cable and power supply. If you don't want a remote desktop, type "startx" to the console and wait for the GUI to load. And proceed wird step 7.

5) Type "sudo apt-get install xrdp" and enter to install the remote desktop client an restart.

6) Now open the "Remote desktop connection" in Windows (It's a integrated system tool) and login with the pi's network alias, User:pi and your password.

7) Now you should see the GUI. Open a terminal and type "sudo apt-get update" and then "sudo apt-get upgrade". This should take some time

8 ) Now type  "sudo apt-get install qt4-dev-tools libboost-dev libboost-thread-dev libboost-program-options-dev libboost-filesystem-dev libboost-system-dev libdb++-dev libminiupnpc-dev libssl-dev" and enter

9) Now you can compile the vericoin wallet from source or download the precompiled wallet I made here: http://www.file-upload.net/download-9503098/vericoin_raspi.tar.gz.html , if you want to compile from source continue with next step, else extract the binary file from the tar.gz and open it. Now the wallet should open and begin to download the blockchain

10) Type "sudo git clone https://github.com/vericoin/master" and enter

11) now "sudo cd master"

12) now "sudo qmake"

13) and "sudo make" , this step take very long (1-2 hours)

14) If you see no error the wallet should be compiled.

15) You can find the compiled binary under /home/pi/master/ . Launch the wallet and wait for the blockchain download. You can close the remote desktop connection, that doesn't affect the wallet operation.

16) Press Strg+H in the fileexplorer to display hidden files under /home/pi/. The directory ".vericoin" contains the blockchain and walletfiles. So you can backup your walletfile.

17) Enjoy your 3,5W staking device

It's great to see the community rally together over the weekend and show the crypto world that the vericoin community is still very much alive and well.

At first I was very concerned with the way the whole SuperNET project unfolded; it seemed there was a forced ticking time clock for the community to rally together, donate a large sum of money, to a project few of us understood - being managed by somebody that few of us knew. So like many of us, I spend almost the entire weekend online trying to figure out what was going on, what it meant for vericoin and who this jl777 aka "James" person was/is.

Well after doing as much homework as I could - I now feel much more comfortable about the situation we are in. I will stand by my opinion that this jl777 character is a very respected programmer. He has done some amazing things for the entire crypto currency community and continues to work hard to further advance the technology. He has also been rewarded for his hard efforts and I'm sure will continue to benefit from the advancements he makes. His track record is semi public and traceable - so if anyone else wants to get a better understanding to who this "James" fellow is - you too can go and read all his postings/blogs/code.

I also wouldn't say this is 100% locked and loaded. We are 6 months out from anything moving forward, which we would all agree in the crpyto world feel like an eternity. Having this future promise of VRC to join the SuperNET project to me reminds me unfortunately of the very (now comical) LTC to GOX bit. The point? Well nothing is guaranteed. Things can change, opinions can change. Technology can change. So to say this is 100% certain and we should all take out a second mortgage is a bit premature.

What I will say thought to wrap up my final thought is that I feel this integration to the SuperNET project and having "James" willing to include vericoin within the project is excellent news. He has a proven track record of success. More than almost anyone in the crypto world. Again, this doesn't guarantee success - nothing is promised. But I have a sneaky suspicion that those who wait around will not regret that decision

tldr; i think having vericoin as part of the SuperNET project will add a significant amount of value as we get closer to this project unfolding.

Thanks a lot, doc12! Which distro did you compile on? Which dependencies are needed to run this?

Just open it, like *.exe-File in Windows...

thx so how does it work? what do i do with the binary?

You're getting better everyday, Kevondo.  I like it when you respond to the chat while you're live.

Hi,

I just compiled the wallet on the Raspberry Pi an wanted to share the binary, because compilation on the pi takes quite long. Wallet runs fine and the Pi is a perfect staking machine with just 3,5W power consumption.

http://www.file-upload.net/download-9503098/vericoin_raspi.tar.gz.html

Wallet version : v1.3.4.0-g32a928e (latest from Github)

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