Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 239. (Read 1356149 times)

Thanks for that Scott...great quote from btcdrak. Hopefully the people who are complaining that things aren't being released and things aren't progress can be put into prospective. You guys aren't doing the work so how bout show some respect! Let the Devs do their work, be thankful that they are here to continue their work, and they are not giving up when the pressure is on.

aside from vericoin, I invested in bitsharesx - because i find there are a lot of intelligent people on that thread~lol. to be honest tho, my head hurts reading what they are saying - it is very interesting and futuristic, but i doubt the general public can easily grasp what it is for..i'm just picking up on it.

so i agree with your 3's

One of the other coins that I'm invested in is Viacoin, which has dropped ~70% in the last two weeks. As expected, some of the Viacoin community members are getting "fidgety". The more vocal among them are pointing worriedly at the decline and asking why there haven't been any updates (ring any bells?). btcdrak has an excellent reply, which I think can be applied to VeriCoin, as well:

well I'm really happy people are finally talking professionally and getting along... having productive convos and debates. i hope this continues ! I'm useless to help in those departments, not gonna pretend but i think there are tons of great ideas and points made in the last few pages and i really hope you guys who do work on this and have the knowledge to do so keep it up and stay civil so we can actually move forward... I'm just a useless investor/cheerleader according to the aggressive ppl in this thread(no need to mention who everyone knows who they are) so ill just keep doing what i do best and keep accumulating.. i always believed vericoin was gonna be the coin to break through and set new standards, and i still do!

great to see positive ppl again!

How do you know Gavin didn't work for months on that yellow paper? Give Doug a break, I talk to him frequently on IRC and he is working hard on multiple things at once. I know what your going to say "He needs to Prioritize!", while I do agree that there should be a steady follow of releases it doesn't always work out that way.

Mass adoption is a possibility but is a long way off and there may be to many steps to achieve this lofty goal.

I think what Vericoin needs to do is focus on the currency aspect...even bitcoin hasn't even achieved this in my eyes.

We need to focus on the three S's;

1. Simple - simple to use, simple to understand

2. Secure - needs to be the most secure crypto there is, password to send, 2FA, multi-sig

3. Spendable - this one is hardest aspect that all of crypto is dealing with...why do people need to use it? I think we should be focusing on being your own bank, you are in control of your money. How its spent, how its stored, how it's saved! We need to show the long-term and short-term aspects...

Sorry guys these are just random thoughts following out of my brain...just woke up lol

Isnt Veribank incubator?

Hey socal the Devs and Dev4 are just talking right now...no decision or fund has been made yet.

I like this. It's VeriCombinator. 

Yet another one...

Hey socal, I don't think anything has been decided yet. Discussion/vetting are ongoing.  The escrow address has yet to be setup.

Yes I would agree with everything you said.

However I believe as Bitcoin moves to being deflationary, technically inflationary at the moment, then Vericoin has an advantage as it encourages people to spend as we have what, 1.5-2.5% inflation or as we are calling it Dynamic interest.

I agree with that, as I said you are quite right that there is place for other blockchains - for specific use cases.

All I tried to point out was that the most assumed use case the instant transaction is probably not the best one, because BTC can do that with green addresses and other payment service provider specific solutions. From the generic end users' viewpoint the green address and other existing solutions to perform instant transactions are perfect. The generic end users keep their private keys at online services lately, they could not care less about the implementation and how the BTC instant transaction works, it is there and it is good enough. Vericoin is not going to beat BTC because by offering instant transactions, that's for sure.

I think that being a asset to people creating value in crypto, instead of competition could be a unique approach that could seperate this coin from others. Perhaps we can create technological advancements, its not to say we can't. But, IMO, with how fast crypto moves, If we take the approach, of a nimble helper, rather than bunker down with 1 thing or another. It may give us a new approach that will give us the value of many leading edge projects, while keeping our project nimble, and ready for the changing landscape that will come up, and we must be leading the way for. When it comes time to implement things for vericoin we would gain from having relationships with the developer teams. This could pay off in many ways at a later date.

By being focussed on culture, and quality we can pick and choose the best open source projects to make VeriCoin a clean, streamlined currency meant for trade. We can support projects with projects, we support other community, with our community. We can stop a project, and move on when they aren't going to pay off for our vision, and we can pickup projects like that, and increase the value, and integration for both at the same time.

Nobody has taken the roll of Virtual Currency incubator. I think that if we prove that we are capable in our own right, and that people will seek out vericoin for help on projects, this will further the credibility we have, and make clear to everyone what VeriCoin is, and will be. What VeriCoin stands for, and what it doesn't. We would be champions of everything blockchain, blockchain 2.0, and be professional.

We can become much greater than the sum of the parts.

Yes I have neglected Greenadress' but with this adding to the 1mb transaction problem I think there's a need for other Blockchains such as VRC.

Yeah, you are right, I always say this that vericoin should try to compete in this area. On the other hand, needs to be realistic, because the outcome of the competition doesn't depend on who is the less intimidated and most ambitious, but mainly depend on a) expertise  b) hard work.

I am not sure if you are familiar with East Asia, when I am on business trip I always see the little Chinese guys on the basketball fields in Taipei - they are ambitious and not intimated, but they will never compete with Lebron James, because they are little, slow and by default configuration aren't suited for competitive basketball game.

It won't be easy, but we are all men, so there's no need to be intimidated by others' talents.

I'd say the first step to competing with Ethereum is to declare so publicly. Believe me, the Ethereum devs would welcome this. It would also be a bit of a coup publicity-wise for Vericoin.

Haha or not haha ... I am frequently informing about that questions users here who are (just like you) not familiar with the blockchain and the BTC source and programming aspects of the BTC blockchain, what you can do with BTC. Look at the conversation 4-5 days ago when I explained here timed transaction that allows instant transactions in a kind of trustless manner using green addresses on the BTC blockchain.

That's absolutely correct.


I am not sure about that seeing the progress and lack of expertise in the area. When I asked EffectsToCause two days ago he couldn't say any concrete information about the progress, it seems to me the devs can't even complete their first white paper. Then how far are they from Gavin Wood's excellent yellow paper that is not only a high level software document but a remarkable scientific paper in my opinion. If you are talking about competing with Ethereum then you compete with Gavin Wood and Buterin, not an easy task at all :-))

Haha fair enough.

I'm still not sure I've got my point across. Who will want to use Bitcoin as a currrency when confirmations are so slow. It's OK for some stuff but when things are time critical your gonna want to use something like VRC.

I expect a consolidation in the digital currency world and only 1-2 digital currencies survive eventually, probably only Bitcoin. However, there could be many digital currency and blockchain enabled applications such as Ethereum and other platforms, that provides a framework for different type of use cases and in order to perform the use case you need to use the platform specific digital currency, which is in the case of Ethereum ether. In my opinion if vericoin can find that specific use case like decentralized exchange, decentralized marketplace, rolling doughnut hole that accept flying fucks or whatever is a USEFUL USE CASE than it is a good chance to get even 100 million users. If you just want to be the generic digital currency then you directly compete with Bitcoin, and there is no chance in my opinion.