Author

Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 181. (Read 1356163 times)

legendary
Activity: 1386
Merit: 1023

Shakeout.
Weak exit stage left.
Shedding dead skin. Like a snake growing.
legendary
Activity: 1176
Merit: 1134
Few questions I would like to put forward to James.

So can anybody create services on the SuperNet or are we stuck with just these ones Teleport, InstantDEX, Tradebots (NXTcoinsco), Privatebetwill.

Also where do the fees paid for these services go, is it like Bitshares where the people who own the shares get a dividend. Is there a limit on the dividend also?

every feature a supernet core coin has is useable for every coin linked with supernet. ( each coin can even choose what features to use or not )
teleport for example is a service of BTCD.

fees will go as dividends to supernet asset holders and to the supernet core coin community.

Cool.

What's the dividend payment going to be? 100% of the profit split amongst shareholders?
10% for overhead and expenses (it is run at 90% profit margin)
50% of SuperNET revenues go to the assetholders
5% to NXT core developement
5% to BTCD stakers
20% to CORE coin communities (that are not NXT or BTCD)
10% I am keeping in reserve till I know more details

The last two are subject to change
legendary
Activity: 1176
Merit: 1134
Few questions I would like to put forward to James.

So can anybody create services on the SuperNet or are we stuck with just these ones Teleport, InstantDEX, Tradebots (NXTcoinsco), Privatebetwill.

Also where do the fees paid for these services go, is it like Bitshares where the people who own the shares get a dividend. Is there a limit on the dividend also?
All the coins in the core will add some few new SuperNET API functions
I have describe the tech somewhere, but I cant remember where
basically the API is using JSON string, so if a command can be encoded in a JSON string, the SuperNET is able to send this from any computer in the SuperNET to any other, jumping across coin networks, with optional randomized onion routing built in.
there is also M of N (254) shared secret fragmenting (similar to multisig), but this is not inside the SuperNET, but rather in the Teleport application layer. If needed this tech can easily be used by any application layer

There is a Turing complete language called "C"
this is interpreted and runs in an event driven environment (similar to Metatrader expert advisers and indicators)
The full power of the computer is available as this is node specific so the tradebot write can do horrible things with a Tradebot, but he can do worse with a hammer. No increased risks

All SuperNET API, coin daemon API, networking, etc. accessible in an interpreted environment. The C code is submitted using a JSON API string, so end users can create their own custom service using a Tradebot.

Of course, most end users are no C programmers, but with a set of standard Tradebots linked to buttons, the users can be using them without even knowing they are using Tradebots

Think of the SuperNET like the tcp/ip protocol. How many things can be built on top of tcp/ip
[of course to be confusing to you the SuperNET uses UDP for its transmissions]

The fees are collected in an service specific way, so there is no simple answer. All of the fee activities will be on the various blockchains, but at first it will have to be collected in centralized account. The sum of all the commissions can be done on any node once this software is done, but these are just the addings of numbers so I dont worry about it so much.

In any case it is always best to get the "free mode" working first so that the user behavior is understood. Then you can design the proper monetization methods, actually the proper monetization metrics so that you can analyze this data to experiment to maximize the monetization, which usually means getting as high a response rate without annoying the user, but this is all standard monetization techniques. with no difficult algo, just a matter of being methodical.

I am searching for people to staff the monetization group, so if anybody is interested in working for a percentage of SuperNET revenues, and you have good analytical skills, PM me

James
jr. member
Activity: 56
Merit: 10
Few questions I would like to put forward to James.

So can anybody create services on the SuperNet or are we stuck with just these ones Teleport, InstantDEX, Tradebots (NXTcoinsco), Privatebetwill.

Also where do the fees paid for these services go, is it like Bitshares where the people who own the shares get a dividend. Is there a limit on the dividend also?

every feature a supernet core coin has is useable for every coin linked with supernet. ( each coin can even choose what features to use or not )
teleport for example is a service of BTCD.

fees will go as dividends to supernet asset holders and to the supernet core coin community.

Cool.

What's the dividend payment going to be? 100% of the profit split amongst shareholders?
legendary
Activity: 2464
Merit: 1145
Few questions I would like to put forward to James.

So can anybody create services on the SuperNet or are we stuck with just these ones Teleport, InstantDEX, Tradebots (NXTcoinsco), Privatebetwill.

Also where do the fees paid for these services go, is it like Bitshares where the people who own the shares get a dividend. Is there a limit on the dividend also?

every feature a supernet core coin has is useable for every coin linked with supernet. ( each coin can even choose what features to use or not )
teleport for example is a service of BTCD.

the goal is making vericoin the door for fiat <> crypto - which stands in a line with vericoins vision from the start.
e.g. everyone who has fiat and wants crypto will use vericoin through supernet.

fees will go as dividends to supernet asset holders and to the supernet core coin community.
jr. member
Activity: 56
Merit: 10
Few questions I would like to put forward to James.

So can anybody create services on the SuperNet or are we stuck with just these ones Teleport, InstantDEX, Tradebots (NXTcoinsco), Privatebetwill.

Also where do the fees paid for these services go, is it like Bitshares where the people who own the shares get a dividend. Is there a limit on the dividend also?
legendary
Activity: 1176
Merit: 1134
Please calm
I have been accepted as one of the members of VRC community
This I feel
The enemy of VRC is the enemy of jl777
I have created a high energy beam weapon to vaporize trolls. Truth and logic. These are things that are like the holy water to the vampires. Any troll that is not a sockpuppet that dares to troll in any of my homes is risking total loss of whatever credibility they have and even to be featured on the OP of the SuperNET thread (which should be quite a popular thread) along with a post in my widely followed blog.

They come here to spread fear and doubt with logicless propaganda, they leave with shame and public shunning. So, if everyone here will all just put on ignore the trolls on my ignorelist, then we can be totally immune to their attempts at manipulation. I will be proposing this in all my homes so we can conduct our lives without having to live with garbage all over the place.

So, many are putting in the 10%, this is good, but it seems only 20% have put in the 10%, so there is still more to go. Let us not be greedy, let us all "sacrifice" 10%. I will put 100% of my VRC in. Now we cannot force everybody to put in 10%, but we know that 10% of the total is to the exact amount, so until it is reached this we are having freeloaders.

Now if you are ok with being a freeloader, then just post that here. Then we will not be waiting for your 10%. This is OK, some people they are needing every last penny to survive, so you can explain why you must freeload while the others are contributing and working hard and you just keep all your precious VRC. maybe you are ashamed you are not wanting to admit this, but it is 10% of the VRC, not 90%, you can live without this 10%. Can you live with the shame of being a freeloader. Every day, you are reminded that you are the reason we are not achieving the goal.

Now, if the community cannot do a simple thing like sending 10% to an escrow fund that unarguably will help the currency by a lot more than 10%, then how to expect becoming the fiat spokescurrency for all of SuperNET? I need to be able to show all the other coin communities the strong spirit of UNITY the VRC community has and if it cannot even do what is needed for itself, then this makes it difficult, even impossible for me to have much power to convince other coins.

I expect that the trolls and even others are thinking this jl777 guy is clever, but he is just doing this for the making of more money. So, here is what I do to prove that I am no money motivated monkey.

I, jl777, hereby donate 100% of all the escrowed funds that I might earn from my works with the VRC to the VRC community. These funds are to be used by community voting weighed by their VRC stake to determine approval or rejection of spending proposals. There will be two levels of threshold, simple majority and two-thirds majority, this it depends on what is being voted on. If a debate over what level threshold, then a simple majority vote will decide the threshold to use.

I hope this proves that my goal and intent for the whole asking the impossible amount of money is not for personal gain, but for UNITY within VRC. Now, I might have some uses for some funds, so if ever the VRC community is feeling the sense of gratitude and thankfulness for whatever I am helping to achieve, then I will certainly not object to receiving a bounty from the escrow funds.

James

P.S. I do realize that I just gave away what will become worth more than $1 million USD, but this is less than half of what I have already given away, so it is not as "big" as it seems. I trust the VRC community to treat me properly when the time comes, but first I show the high level of trust to you.

James, I appreciate your show of good faith, but I'm kind of bummed that you have no guarantee of payment.  I know you're going to work hard for VRC and I pushed the escrow fund as hard as I could so that you would be rewarded for your efforts and for helping with our success. 

Either way, welcome to the community.  Having you here is a sweet breath of fresh air and when the time comes, I will vote to give you every last penny.  Thanks for joining us!

-BagHolder :-)
but you see, I do have a guarantee!
this is not the fiat world, where there is 100 page contract with both side searching for every loophole to get out of paying or not performing.

In crypto what matters is the honor of the person. A community is the sum of its people, so the honor of a community is much more than the honor of any single person. This is common sense.

My guarantee is that with a positive constructive community built on trust, there is only the possibility of my receiving some generous payment, assuming I deliver the tech. I know I will do that, so I have no worries that there is no payment.

I believe in people.
I dont believe in legal blabber on paper.

So VRC community is reborn with the seed of trust that I plant. Now I am confident that this seed will be nurtured and grow strong. At this point you really dont need me so much. You are already banishing the trolls and their negative energy and this unleashes all the positive that has been trapped and all the ideas, works in progress, will come together. I will of course do my advices whenever needed, so contact me for anything.

I am so glad this went as planned!

James
full member
Activity: 236
Merit: 100
¿ʇɐɥʍ
don't ever trust someone you don't know with your money, in this case james have refused to reveal who he is. his scam is not going to end here.
poloniex.com has rejected to be part of supernet.
https://bitcointalksearch.org/topic/m.8681702

You've completely misunderstood the post that you linked, which likely says a lot about your arguments. Poloniex has not "rejected to be part of SuperNet." The exchange has merely declined the opportunity to host the Initial Crowd Offering.
legendary
Activity: 1764
Merit: 1000
don't ever trust someone you don't know with your money, in this case james have refused to reveal who he is. his scam is not going to end here.
poloniex.com has rejected to be part of supernet.
https://bitcointalksearch.org/topic/m.8681702
hero member
Activity: 966
Merit: 500
I really dont understand people complaining here, being negative about who or whatever. You support the coin? Ok you are in, you dont support the coin or any connection related to the coin- ok just go away and never come back. I am in vericoin since the beginning(400sats) i could have sold my vericoins for more then 50k sats each but i didnt. Because this is only the begin. If you ,just like i doi, truly believe one or more cryptocurrency can and will mean something in the future the Vericoin for sure is one of the best choices you can make. You talk about greed? Did you see all those scamcoins the investors were tricked into. Thats greed. Vericoin always delivered and still is. I am in till the end. Its all or nothing. if vericoin doesnt succeed, in my opinion no one will.
+1

not only will vericoin succeed but now ,thanx to James it will also take part in making other alts succeed which is whats been needed in crypto . I am honoured to take part in this movement to get crypto as a whole to advance !

just click the ignore button on the rude baseless, fact-less trolls, trust me it feels great ! And thats part of the movement, take away the trolls power to influence!
newbie
Activity: 15
Merit: 0
 i escrowed my 10%. keep up the good work. and WELCOME JAMES! proud to be part of supernet. and your creativity ! thanks again buddy. greetingz

The Real VRC Community members & holders. Welcome you and thank you!

VRC Community
hero member
Activity: 966
Merit: 500
good job @onsightit !! let the movement continue and crush the trolls!
member
Activity: 71
Merit: 10
I really dont understand people complaining here, being negative about who or whatever. You support the coin? Ok you are in, you dont support the coin or any connection related to the coin- ok just go away and never come back. I am in vericoin since the beginning(400sats) i could have sold my vericoins for more then 50k sats each but i didnt. Because this is only the begin. If you ,just like i doi, truly believe one or more cryptocurrency can and will mean something in the future the Vericoin for sure is one of the best choices you can make. You talk about greed? Did you see all those scamcoins the investors were tricked into. Thats greed. Vericoin always delivered and still is. I am in till the end. Its all or nothing. if vericoin doesnt succeed, in my opinion no one will.
legendary
Activity: 1764
Merit: 1000
30 min left...

James, can you confirm or deny that?  I thought we had more then 30 minutes?
I am very happy with VRC community response. Just keep the fund raising going, the purpose is not to make me rich, the purpose is to bind the community together. A shared commitment. A shared result. A shared resolve. A shared success.

So, I will confirm that barring a sudden stoppage of funds coming in, eg. people being greedy to not want to "lose" their VRC by putting it into escrow, then with just that condition I will commit to helping VRC to da moon over the next 6 months as I wrote about yesterday.

It wont be instant like BBR. I predicted doubling, maybe a bit more and considering we are already ~80% it does seem quite likely. But this is a long team effort and my time will be limited to advices and thinking of the new tech until next year. but by then VRC is transformed with positive achievement attitude, new 2.0 facelift and all the new features from the VRC team nicely integrated in. As the designated fiat world interface, the real world interactions for SuperNET will need to be handled by VRC community. This is why it is vital to have zero tolerance for trolls and just put them on ignore, dont respond if they are not fact based and misrepresenting.

There is no time for troll games.

I will be a bit busy, but I know that with the positive attitude and common goal, the success, it is as they say, "a done deal"

James

lemmings
no sign of coding and the scam go on
alright my first ignore! benthach !

i advise the rest of you to do the same as he is absolutely useless and fact-less ... don't feed him ,just press the ignore button!

blind pump go on
sr. member
Activity: 308
Merit: 250
truth=(true?true:false);
30 min left...

James, can you confirm or deny that?  I thought we had more then 30 minutes?
I am very happy with VRC community response. Just keep the fund raising going, the purpose is not to make me rich, the purpose is to bind the community together. A shared commitment. A shared result. A shared resolve. A shared success.

So, I will confirm that barring a sudden stoppage of funds coming in, eg. people being greedy to not want to "lose" their VRC by putting it into escrow, then with just that condition I will commit to helping VRC to da moon over the next 6 months as I wrote about yesterday.

It wont be instant like BBR. I predicted doubling, maybe a bit more and considering we are already ~80% it does seem quite likely. But this is a long team effort and my time will be limited to advices and thinking of the new tech until next year. but by then VRC is transformed with positive achievement attitude, new 2.0 facelift and all the new features from the VRC team nicely integrated in. As the designated fiat world interface, the real world interactions for SuperNET will need to be handled by VRC community. This is why it is vital to have zero tolerance for trolls and just put them on ignore, dont respond if they are not fact based and misrepresenting.

There is no time for troll games.

I will be a bit busy, but I know that with the positive attitude and common goal, the success, it is as they say, "a done deal"

James

lemmings
no sign of coding and the scam go on

Before I ignore you, the next wallet version is being worked on - i've seen the screen shots. Apple has thrown up a road block that will delay the iOS wallet a week or so. There's your sign.

[ignored]
full member
Activity: 145
Merit: 100
Please calm
I have been accepted as one of the members of VRC community
This I feel
The enemy of VRC is the enemy of jl777
I have created a high energy beam weapon to vaporize trolls. Truth and logic. These are things that are like the holy water to the vampires. Any troll that is not a sockpuppet that dares to troll in any of my homes is risking total loss of whatever credibility they have and even to be featured on the OP of the SuperNET thread (which should be quite a popular thread) along with a post in my widely followed blog.

They come here to spread fear and doubt with logicless propaganda, they leave with shame and public shunning. So, if everyone here will all just put on ignore the trolls on my ignorelist, then we can be totally immune to their attempts at manipulation. I will be proposing this in all my homes so we can conduct our lives without having to live with garbage all over the place.

So, many are putting in the 10%, this is good, but it seems only 20% have put in the 10%, so there is still more to go. Let us not be greedy, let us all "sacrifice" 10%. I will put 100% of my VRC in. Now we cannot force everybody to put in 10%, but we know that 10% of the total is to the exact amount, so until it is reached this we are having freeloaders.

Now if you are ok with being a freeloader, then just post that here. Then we will not be waiting for your 10%. This is OK, some people they are needing every last penny to survive, so you can explain why you must freeload while the others are contributing and working hard and you just keep all your precious VRC. maybe you are ashamed you are not wanting to admit this, but it is 10% of the VRC, not 90%, you can live without this 10%. Can you live with the shame of being a freeloader. Every day, you are reminded that you are the reason we are not achieving the goal.

Now, if the community cannot do a simple thing like sending 10% to an escrow fund that unarguably will help the currency by a lot more than 10%, then how to expect becoming the fiat spokescurrency for all of SuperNET? I need to be able to show all the other coin communities the strong spirit of UNITY the VRC community has and if it cannot even do what is needed for itself, then this makes it difficult, even impossible for me to have much power to convince other coins.

I expect that the trolls and even others are thinking this jl777 guy is clever, but he is just doing this for the making of more money. So, here is what I do to prove that I am no money motivated monkey.

I, jl777, hereby donate 100% of all the escrowed funds that I might earn from my works with the VRC to the VRC community. These funds are to be used by community voting weighed by their VRC stake to determine approval or rejection of spending proposals. There will be two levels of threshold, simple majority and two-thirds majority, this it depends on what is being voted on. If a debate over what level threshold, then a simple majority vote will decide the threshold to use.

I hope this proves that my goal and intent for the whole asking the impossible amount of money is not for personal gain, but for UNITY within VRC. Now, I might have some uses for some funds, so if ever the VRC community is feeling the sense of gratitude and thankfulness for whatever I am helping to achieve, then I will certainly not object to receiving a bounty from the escrow funds.

James

P.S. I do realize that I just gave away what will become worth more than $1 million USD, but this is less than half of what I have already given away, so it is not as "big" as it seems. I trust the VRC community to treat me properly when the time comes, but first I show the high level of trust to you.

James, I appreciate your show of good faith, but I'm kind of bummed that you have no guarantee of payment.  I know you're going to work hard for VRC and I pushed the escrow fund as hard as I could so that you would be rewarded for your efforts and for helping with our success. 

Either way, welcome to the community.  Having you here is a sweet breath of fresh air and when the time comes, I will vote to give you every last penny.  Thanks for joining us!

-BagHolder :-)
hero member
Activity: 966
Merit: 500
30 min left...

James, can you confirm or deny that?  I thought we had more then 30 minutes?
I am very happy with VRC community response. Just keep the fund raising going, the purpose is not to make me rich, the purpose is to bind the community together. A shared commitment. A shared result. A shared resolve. A shared success.

So, I will confirm that barring a sudden stoppage of funds coming in, eg. people being greedy to not want to "lose" their VRC by putting it into escrow, then with just that condition I will commit to helping VRC to da moon over the next 6 months as I wrote about yesterday.

It wont be instant like BBR. I predicted doubling, maybe a bit more and considering we are already ~80% it does seem quite likely. But this is a long team effort and my time will be limited to advices and thinking of the new tech until next year. but by then VRC is transformed with positive achievement attitude, new 2.0 facelift and all the new features from the VRC team nicely integrated in. As the designated fiat world interface, the real world interactions for SuperNET will need to be handled by VRC community. This is why it is vital to have zero tolerance for trolls and just put them on ignore, dont respond if they are not fact based and misrepresenting.

There is no time for troll games.

I will be a bit busy, but I know that with the positive attitude and common goal, the success, it is as they say, "a done deal"

James

lemmings
no sign of coding and the scam go on
alright my first ignore! benthach !

i advise the rest of you to do the same as he is absolutely useless and fact-less ... don't feed him ,just press the ignore button!
sr. member
Activity: 308
Merit: 250
truth=(true?true:false);
The only difference in this deal, and my deal, This sounds like a lot of money is needed, My idea just required honest, hard work. We can see what ethics win the day here.

you wrote that you own no VRC. So wtf are you doing here?

VeriCoins.com
FreeVericoin.com
veribitcoin.com
vericoinATM.com
vericoinbet.com
vericoincasino.com
vericoincharts.com
vericoindex.com
vericoinlinks.com
vericoinsupport.com
vericoinwallet.com
VRC.XYZ


Should I mention the generic ones?

Oh, I also own SuperNetNews.com So, if you think I am here to make a quick penny, I don'd get paid squatting pump and dumps, so I am sorry that is something I am sensative to, I provide a clear view to get to point A to point B, I don't think of point B at the next 15 minutes of my life, but 5-10 years from now. I am investing in long term growth. Does this make a little more sense now?

B4C, I'm not sure what your agenda is here, but I do not see you as a contributing member of this (or any) coin community.  i see a large ego that is upset that no one listens to his ideas.  You are taking credit for others' ideas, which simply tells me you need your ego stroked.  I too have offered numerous ideas (not here) that were either tabled or shrugged off. I'm fine with that, ideas are just ideas, but sweat and hard work (Xosihc comes to mind, Kevondo comes to mind, ScottAllyn comes to mind, Amsterdammer comes to mind, etc...) are what has moved this coin along for the past few months.

99% of the community here is on board with the direction VeriCoin is heading.  Many of us are actually doing things behind the scenes to make this coin and the community stronger.  I am part of that group, and I don't see you in there getting your hands dirty, or even offering to lend a hand.  i see someone that is trying to capitalize on the name and success of VeriCoin by buying up domain names (more on that later), which takes about as much effort as sneezing.

I don't even want to know what you are planning to do with the domain names, but I can tell you that domain names are not as valuable as they used to be.  You can have two domains: FreeVericoin.com and qwertywertywoo.com and the one that has content, life, and community will be the one that people go to.  It will also be the one that hits the top search results. The domain name is mostly irrelevant now.  So hang on to them, we might buy them from you for 1 VRC each once you realize your investment is worthless.

tltr: Get your hands dirty.
legendary
Activity: 1694
Merit: 1054
Point. Click. Blockchain

The entire Escrow Fund now belongs to the VRC community!

So there goes ALL the FUD out the window.

We appreciate what James brings to the table and hope to continue a solid partnership going forward.
We'll still be asking for donations to increase the Escrow as that will help the community in a lot of ways down the line but yeah… this is a WIN/WIN.

Smile. Looks good on ya. Smiley

Jay Jay
@VeryVeriViral



A win win for the community but I dont understand why should james do all this and not get rewarded for it? What would be his motivation to actually make it happen ?
I dont need the money, but I do hope after 6 months, the community would vote some bounty for me. Just so I know I contributed something the community found valuable.

My motivation is to create UNITY among all crypto, this is far more important than money, it is our future. our freedom that is being threatened and most people dont even know

James



If the results are positive for VRC from this venture, you have my vote...

-tb-
legendary
Activity: 1764
Merit: 1000
30 min left...

James, can you confirm or deny that?  I thought we had more then 30 minutes?
I am very happy with VRC community response. Just keep the fund raising going, the purpose is not to make me rich, the purpose is to bind the community together. A shared commitment. A shared result. A shared resolve. A shared success.

So, I will confirm that barring a sudden stoppage of funds coming in, eg. people being greedy to not want to "lose" their VRC by putting it into escrow, then with just that condition I will commit to helping VRC to da moon over the next 6 months as I wrote about yesterday.

It wont be instant like BBR. I predicted doubling, maybe a bit more and considering we are already ~80% it does seem quite likely. But this is a long team effort and my time will be limited to advices and thinking of the new tech until next year. but by then VRC is transformed with positive achievement attitude, new 2.0 facelift and all the new features from the VRC team nicely integrated in. As the designated fiat world interface, the real world interactions for SuperNET will need to be handled by VRC community. This is why it is vital to have zero tolerance for trolls and just put them on ignore, dont respond if they are not fact based and misrepresenting.

There is no time for troll games.

I will be a bit busy, but I know that with the positive attitude and common goal, the success, it is as they say, "a done deal"

James

lemmings
no sign of coding and the scam go on
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