Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 178. (Read 1356140 times)

It's Monday guys (and gals), almost everything is down and in the RED. 

Donors will get their respective amount of coin back when the price hits the targets, as before, either in BTC or VRC. Don't worry.

Yea, that's the amount that everyone had in mind when they contributed in the first place, so we should definitely shoot for that.

I can think of atleast 2 people able to do this and have a reason too. But without proof it would be just a accusation so i will just say this:

Coins are changing hands alot - the seller wont have much coins left to dump soon

(  btw look at bbr for example - the same happened there)

BagHolder, thats a good idea. then at least we all who contributed get back the min. worth back.

20% @ 50k for original escrow senders to get back is not a bad idea at all.

also thanks for those many generous contributions BagHolder.

kind regards

-SolarBTC

That dump occurred on Cryptsy.  The rest of the exchange response was arbitraging.  Someone sold about 150k on Cryptsy.  Not huge, but substantial.  I don't think it has anything to do with news. I think someone woke up on Monday after partying all weekend, realized they were up on VRC and sold.  My guess is that it was just trading.

Seeing how low the volume is, it definitely is an odd time to sell, especially considering that they were selling into market weakness and not into strength.  It happened simultaneously across several markets, too.  It wasn't limited to just one exchange, which makes it even weirder.

And it's such an odd time to sell.  Maybe some people have just been wanting out for a long time and are just saying "screw it" and going out to buy a new fancy desk chair with their vrc profits.

Yes I totally understand this. There is no reason that this reimbursement can't happen in some way as the community would be voting on it.  I think we should gather more information and let things unfold more before deciding what to do. Though it's ultimately up to the community. If the previous scenario had occured, the 10k sale would not have happened till a 5x increase in price. So based on previous time expectations I think we have some time to decide.  

Someone sure knows how to drive the price down.  Ouch.  They definitely weren't looking to get the most money out of their trades, that's for sure.

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Thanks for the update, Doug.  I'd like to discuss this a little more though.  Since the expectations of our contributors were either to get their VRC back at 10k satoshis, if successful, or a full refund if not, I think we should make sure we're sensitive in light of this change in plans.  I encouraged a lot of people to give and told them that this was the deal, so I feel like this is sideways from expectations.

Can we come up with a response to anybody who contributed and was still expecting to get their VRC back at 10k sats? Maybe if the price hits 50k and then 100k, we can give back 10-20%  to the original contributors from this fund.  For example, if someone donated 10,000 VRC and the price hits 50,000 sats, we can give that person back 2,000VRC.

Thanks,
BagHolder





I think what Bag holder is saying is the deal was brokered around the premise that some of the VRC given to the funding effort would be returned to them in either Case. The deal was:
        1. If the deal didn't go through they'd get all of it back.
        2. If the deal went through they'd receive an amount of VRC equivelent to what could be purchased with [the amount of VRC they gave] X 10K Satoshi.
        3. The deal went through.
        4. James gave the Escrow Fund and anything else sent to it back to the community.
        5. What happens about the stipulation in #2?
                   a. Peole gave thinking they couldn't lose anything.
                    b. The new wrinkle James introduced doesn't include ANY return to the contributors
                    c. Or, maybe it does?

But it isn't clear and Bag Holder wants to know the facts of how this conundrum will be addressed.
        

                    

You can call me Roberto, no need for alias's, you and I are transparent, and public. perhaps we can coerce some others to use real names, instead of alias's.



I really hope so. I just have a hard time seeing the value in being one of the many, I see plenty of value in being the shot caller.

Doug, do you think the investors are increasing the price based on your current developments? or upcoming promises?


Personally I really would like to grow off of current developments, promises are inherently risky, and have done more harm than good to us in the recent past.

Hello everybody,

I have had VRC in the past but now looking for a coin to invest in longterm. There has been a pump last couple of days and now is going down again. Pump and dump? It doesnt look like a good sign to me as an outsider. Maybe someone can explain this. Also, what can we expect from VRC in the near future as in development?

Thx 

I understand your concern BagHolder, the goal was achieved and the deal did change, though for the benefit of the community and the donors.  We will figure out how best to move forward.

How have they given up control?, community is voting with the coin, and adding more to the coin by adapting, if it does not work out the coin still has a road map, it still has its own course to run. Cant see it being a bad thing. Unless altcoinuk theory proves true.

buy4crypto:  VeriCoin has not changed at all, there soon will be a set of decentralized market features accessible via an optional button in the wallet.  The VeriCoin protocol, wallet, 3 devs, strategy, mission.  It has not changed.

It's almost like there was no fight to keep VeriCoin and its future under its own control. The best course of action decided by those community members was to give up control, brand equity, ect to a promise. How many times have you been impressed by a promised VeriCoin release? 0 for how many now? I think the scarriest part was seeing the devs donate such a large % to this. It feels like they gave up on themselves and their ability.

Scary times in the kingdom indeed.

The community voted with their coins, nothing can be undone now.