Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 200. (Read 1356163 times)

OK, I have been away for awhile (this thread can get a bit annoying) and admit that I have not read every single post. But, from what I can gather (from the last 6 or 7 pages), these coins are going into SuperNet -- correct? They are not going into jl777's personal account -- correct?

Well, if that is the case, then the developers and whales really would be stupid (probably) to refuse this deal. The SuperNet ICO is going to have these VRC coins inside it. It will act like a closed-end fund and have an NAV (net asset value). It will more than likely trade off of its NAV for a while. (There are possible dividends and other revenue projects inside of SuperNet, but for this, let's just keep it to the basics). There is every reason to think that the NAV will increase at the start fairly rapidly, depending on certain factors, of course.

But, what I really think would help and why I am commenting at all is what is the deal, exactly? We can all research SuperNet for ourselves, so an emphasis on those details might get things bogged down a bit. What I mean is:

What is he exactly asking for?

Is he paying any amount of money from the ICO in exchange for those coins?

Is he promising to "pay back" the coins? In other words it's more like a loan?

I see that he is promising to hold the coins for three years. That seems like a good thing right there from a float point of view.

So, maybe if someone (who is not prejudiced against the deal) could give the facts in a straightforward fashion, it could really get the ball moving.

Thanks.

#vericoin

I know where we can get at least 100k for this deal

i need to get some lunch, give me a bit of time
what is the IRC group?

as long as the vericoin is in escrow then its good either way...coins will be staking and off the market.

James,

Would you mind coming to our IRC channel right now so we can talk?

https://www.cryptsy.com/markets/view/209
also bittrex and polo are all up
probably just coincidence the timing of the increase

I will have to make sure people know the VRC deal is not for immediate SuperNET core inclusion and it is months away.
I do not want to create a pump with unrealistic expectations, that is not sustainable
so plz do not expect BBR level effect, that was a different scenario
however I am reasonably confident of the 5x to 10x over the 1 year timeframe

James

vrc is pumping just by the talks of this deal being a possibility ... think about it... the superNET ipo starts any hr and that will raise thousands of btc... these vericoins being raised for james will be in escrow for a very long time... so he's not making a penny off vericoin unless he delivers and he's about to bring in a ton of btc (keep that in mind)  , were safe with the coins in escrow ,its a win win , so lets do this! I'm no whale either but i have a nice chunk to donate

but its in escrow for a year until he delivers which also keeps them off exchanges and staking... its so long term for him to get paid anything, i see it as a win win for vericoin... I'm almost positive the price will go even higher and much quicker than expected.

no we need 10%

agreed 100%

Sorry, I guess it's too early for math for me.  2% would be about 520k...?

James is the real deal.  He touches it, it turns to gold.  Don't have to take my word, go read the forums he listed, they shout success.

5-10% of coins off market with other large investors holding. That alone will cause the price to jump. Mere discussion of the deal has raised price/volume in the short amount of time its been announced.

I have a lot of respect for James.  I've been tracking him since NXT and as soon as I found out he was working on BTCD, I bought some BTCD, too.  From everything I can tell, he's a fantastic developer and a really hard working.

Now, I'm not a whale, but maybe a large guppy?  I am willing to make a decent contribution and I think we should move forward with this project.  Can we have people hop into the IRC channel so we can discuss?  What do the devs think?

James, just to be clear... I tried to catch up on the thread as best as I could, but you're looking for how many VRC?  Was it 2%?  5.2 million?  That does seem like a lot...

Thanks for your consideration, James.

It's very early in the US. Somebody has to wake up our devs

i read his terms and its clear. thats the deal take it or leave it and we have 24 hrs... so you guys want to play conspiracy theorists or are we gonna try and get this done , a decision in 24 hrs then we raise 500k in another 24hrs .

IM A VOTE FOR YES so we need some whales to step forward and everyone for that matter ,even you BARABBAS as you say we would be crazy not to jump all over this , so lets go lets group up and make this happen!!

will hold for 3 years , Im in .
Great deal take it now before this "sucker"(jokin) changes his mind.
I also like that u addressed that u wont have much time to add code since your going to have your hands full with Supernet I was thinking the same thing but forgot to ask.
Everything Crystal Its a lot of coins but if they get taken of the market for 3 years thats good for Everyone . a solid investor that will hold for 3 years no matter what , those are hard to find.

I can commit to not selling for 3 years from today
If more time is needed for the community, then I can extend it a bit, but I need closure on this so if the fund raising drys up it needs to be declared a NO-GO
we can use some common sense to figure this out.
so if on any given day X comes in, we can project when it will be completed
if this project date is beyond 2 weeks from now for 2 days in a row, it is a NO-GO

the entire amount will be in escrow and all staking donated to a community fund