Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 586. (Read 1356163 times)

Sorry to drop in and disturb your interesting discussion, but here I was thinking that the whole point of anonymous transactions is that you don't have to follow anybody's rules. You move money, nobody knows about, and that's it. And so what if the Feds (by the way, the whole world does not equate Northern America, and not everybody has/needs to comply with your US federal regulations) get interested and start looking in that general direction ?  What will they do, what can they do? Will the "feds" shut down the internet, or make it illegal to use p2p networks...in the whole world? Come on. It's not hard to decipher, that decentralized anonymous transactions are just what many people really want...and will have... regardless of you, the US, the "feds" or Santa Claus.

Just my food for thoughts, nothing personal or offensive.

Often withdrawing through veri-bit for merchant transactions is CHEAPER, FASTER, more efficient than Bitcoin.

Take 1 of the Major alt exchanges that deals with decent VeriCoin volume.

Minmum Cryptsy withdraw fees are as such.

0.0002 for VRC = 0.0000432248 USD  (For this 1 VRC = $ 0.216124 USD)
0.0005 for BTC = 0.31463 USD  (For this 1 BTC = $ 629.26 USD)


Here is Veri-Bit costs / limits.


1 Bitcoin max send for Veri-Bit. So you can make a purchase up to 629.26 cents right now through Veri-Bit.

1 VeriCoin = 0.0216124


So, effectively using Veri-Bit right now it is more efficient in every way for merchant transactions under 1 Bitcoin in total size. If you need to withdraw from an exchange with fees greater than the cost of 1 VeriCoin.

The cost savings currently with the economics of Veri-Bit would give people a roughly 33% smaller fee on cryptsy then if they went with a traditional Bitcoin withdraw. I have not done the math on every exchange, but the first one I did was a pretty big eye opener.


This is the type of thing people need to promote. Promote how its better than Bitcoin, not with pump n dump crap, BUT WITH FACTS. Go tell people how they can save Bitcoin by using VeriCoin, Veri-Bit is a great feature and we need to start mentioning its strengths instead of letting it get drowned out by people who claim its a gimmick. Its anything but. Its innovation that is going to make crypto take the next step.





Info from

http://www.vericoin.info/veribit.html

http://coinmarketcap.com/

One more thing I just gotta point out before I head out for a bit.

For anyone left with doubts of the quality and intent of the VRC dev's

Doug put a big VeriCoin QR code on his car to promote VeriCoin today! He just posted the pic on twitter. Those guys are smart, and dedicated for sure. You don't promote a scam on your personal car.

By all measures, these guys have good intentions and seem dedicated to making crypto accessible to the masses. Will be a pleasure to work with everyone in the community to keep growing this coin payment solution.

+1

Truer words have never been said..

Its hard to manipulate a real coin. Scams are usually newer coins, or ones that had been left out of the view of public for a while. This gives scammers a chance to load up and then pump it to the others as they sell off.

Some don't stop there. Some of those groups will then attack a coin after in coordination to cause panic, often times to pick it back up and then redump almost instantly on the dead cat bounce. It happens all to often, which is why when you get a chance to invest in something like VeriCoin you take it!

why does it seem like jebus911, cryptocobain, bryceweiner and those in that group not support vericoin.. and readily supports scam coins? I'm just thinking out loud...

Chris Pirillo is being sponsored by Joel and in each video "www.vericoin.info" is displayed on the computer behind him. The coins donated to him are for him... he can do whatever he wants with them. He isn't our PR face.

Joel is doing what he can but we're not going to discuss things about him without more information. He is welcome to come on here and discuss himself, but he has been very helpful to us and to VeriCoin by spreading the word to some people we are talking to in Latin America.

I think Chris is excited about crypto and VeriCoin. You can't fault somebody who has no experience for trading some of his coins for Bitcoin so he can learn more.


Mac OS has a known issue when the screensaver loads causing network instability. (http://apple.stackexchange.com/questions/71884/wi-fi-disconnects-when-i-lock-the-mac for example). Staking can produce conflicted blocks due to the reduced network performance while the screensaver is displaying. This doesn't affect the interest you are accumulating as staking retries the same amount until it is granted a block.

Sorry to chime in guys, but I have a little problem I was wondering y'all could help.

I keep getting little question marks "?" on my INTEREST payouts. Like, out of about 12, 8 are "conflicted".

Why is that number so high?

For my setup, I'm on the latest OSX version and I've disabled sleep and hard disk shut off. I thought
leaving this rig on all the time would be worth it. But I've come to discover that while I'm at work, I get
payouts but they are always "conflicted". It's literally, only when I'm actually on my mac, working or chilling,
do I get great results. Never when I'm away.

Any one know why or how i can get better results?

A sample of what i'm referring to:
https://i.imgur.com/7F7pYmI.png


Thanks Vericoin crew!

So, whats Going on with Chris Pirillo, he stopped talking about VeriCoin lately and cashed out a 25% of his donated coins. I doubt this guy effects the price of anything, but its just another piece of the wizrig thing that bothers me lately.

Was his PR done already?

I hope the team is distancing itself from wizrig, seems like everything he was doing for himself VeriCoin came to a stop at the same time. Right after the july 4 news he was touting for so long. and it would not suprise me in the least that he knew and sold off his coin already. So he made his money for a new lambo or w/e and he can move on and let us grow.

Seems like everything wizrig did was smoke and mirrors.

Anyways, was just looking at all the PR about vericoin and saw nothing from Chris pirillo for a while, so tracked his wallet and for how excited he was a few weeks ago, cashing out a good portion of them july 6 makes me feel like he doesn't care as much as he leads on to believe about our community.

Good God! Finally a voice of reason on anonymity.  Thanks for your insight, Fip...

Channel is down, I tried to connect through the wallet using #vrcradio and the message is channel down.

How do you get into the radio website chat room, doesn't work for me..It just says connecting and hangs. Can hear them doing giveaways, but I cant even get in ;(

I believe we may have a miscommunication here with regards to what you are considering 'private'. Banks are required to retain information regarding their customers, however that information is considered privileged information. While protected from the general public, regulations dictate that that information be made available to legal and regulatory authorities through appropriate channels if warranted with just cause.

In such a respect, a bank serves as a centralized resource for this information, although it is guarded from public domain. Is this what you are referring to when you say 'private'?

As I said, I'm not here to FUD, and actually have quite a vested interest in seeing VeriCoin succeed. If there is something that I can help clarify, I would be happy to do so, but I think we need to make sure we are on the same page first. Otherwise we may just go in circles.

As fair as im concerned vericoin is the next bitcoin n the price will show that within time, i buy every day regardless of price and that gives me a nice average.
And as for the discussions going on it boggles me my some people are in crypto cuz most i know got in to break away from the system but here there seems to be a few that wanna blend the two and abide by rules haha.
Also Dev keep what you gotta keep close sourced closed, id be dammed if i would let my hard work out there for it to be stolen n replicated a 1000 time over and dilute all the hard work you done!!

Vericoin is the ONLY alt coin i will go to sleep in and that end of so squabble all you want
 

Please explain to me why you think I am a 'paid sock puppet'.

I am not attempting to hype or FUD, I am merely stating an opinion, openly ascribed as such. I do however have an extensive background in the financial world, which includes (but is by no means limited to) a Series 27 License, and more experience in financial regulations than probably 99% of the people trolling around on these boards.

My only intent is to offer some relative insight into what has become a crypto 'flavor of the month' feature. Anonymity is a buzzword in crypto right now, but I foresee it only being a passing fad at best, and at worst it could become a direct obstacle to regulation compliance which could eventually
bar it from mass adoption.

Crytocurrencies that are inherently untraceable in any fashion whatsoever are almost the rough equivalent to a bank that advertises money laundering as a service provided to it's investors. It's just not going to hold up in the end.

Private is one thing, The network can survive. And even grow being anon. The thing Fippy is saying is Mainstream. I can't speak for him, but I know myself I dont think of this as another crypto. But a payment portal using the blockchain as technology. This is the first crypto using a "gimick" (LOL) to bring in a NEW, MASS audience.

There is lots of room for niche cryptos. Bitcoin is the first and remains in a niche of computer geeks, gamers, and people who are paranoid of financial ruin. Has Bitcoin been able to get out of that box yet? Has any coin tried to seperate themselves from current traditional ways to gain market share in crypto? No, VeriCoin didn't hop on the next anon trend and pump and dump it. They decided to take on a new market where no crypto has gone for yet. Sure Bitcoin has the same features, if you know where to find them. I'm a computer nerd, And I didn't even know, or care to use all the services offered. But when they are in the VeriCoin wallet and its there. It makes sense to use it.

There is a reason SIRIUS satellite radio went and signed deals with every car company they could. They know that for you to go out of your way, to seek a service is unlikely. But, if that service is easily availible for you. It becomes much more likely that at the point of sale when your time runs up there is a chance you will renew.

With VeriCoin they take the BS out of running around website to website and they make it easy for a normal person to explain this to a co-worker, to a family member. I cannot explain how easy it will be to setup a friend with VeriCoin. I cannot do this with such ease on ANY other coin. A friend I had talked to about bitcoin once never got into it because he said it sounded to complicated. That same man is about to buy his first VeriCoin soon as he can buy with his CC. Hes one of the majority in the world WITHOUT a bank account.

So, for those claiming this is a gimick, you are to nerdy to realize everyone in the world isn't like you. And I mean that in a nice way. We are the early adopters. Next is bringing it to the masses. No coin, not even bitcoin can re-position themselves as fast as we can build this brand up if the community really works at it. I see the potential this strategy has for real world adoption. And VeriCoin leads the way in this respect by a longshot.

Businesses and wealthy individuals pay people to keep things private for them within the existing FIAT-based financial world. This will, no doubt, continue to be the case in crypto. Brokers and fiduciary services will spring up to execute transactions on behalf of high-net-worth individuals and these transactions will still need to make use of tax-efficient structures as they do already.

E.G. The idea that a billionaire would buy a super yacht with a single transaction from his own wallet without there being a paper-trail of accounting is absurd.

Crypto is a way to transmit and receive funds, those funds still have to conform to the usual rules of due diligence and appropriate declaration.

The financial services industry isn't going away just because Bitcoin came along. It will be used in the same way as FIAT, only far more efficiently.

You cannot expect a fully anonymous cryptocurrency to ever be acceptable to big business and government. That's not to say it wouldn't have its use (and abuse), but they could never openly support it.

It's my personal opinion that while the total anonymity undoubtedly has the interest of some parties, it will in the end become a liability for the altcoins that rely on that for their uniqueness. While crypto stands on the doorstep of seeing government acceptance and wider scale adoption, it will be under increasingly heavy scrutiny as time goes on.

Crypto is already 'anonymous' in the eyes of the average user, as it allows to disconnect your personal information from a payment system and being a bearer instrument, essentially allowing an individual to separate their purchase from their financial history. The single biggest advantage in that regard is limiting risk exposure that one suffers as a result of providing a 3rd party with your credit card or bank routing information.

Coins that are attempting to obfuscate the entire traceability of the transactions will never be able to become 'mainstream' due to the inability to comply with regulations. I imagine that any exchanges that list these coins will be strong-armed into dropping them to become compliant with regulatory oversight.

Thank you Fippy. Your background adds a lot of relevance to your argument.

Appreciate you clarifying that for those of us not as familiar with FinCEN.

I had the same thought. It looks like more countries are moving to regulate and participate in bitcoin / crypto currencies.

Now, do I believe anon features have a place in crypto? Yes.

Will the anon coins be the one to win over governments, and those trying to make it a more trustworthy system over the current financial system? I don't think there is a snowballs chance in hell. I think anon coins will have a niche market, just like the computer geek niche that Bitcoin has attracted right now.

VeriCoin is the first "Gimmick" (LOL I love the idiots who say that.) that will actually make your mom want to take some bitcoins on her next trip overseas. Or how about your international company? You don't think international companies with a focus on internet commerce are going to embrace a new solution? One without the stigma of super nerdy, complicated computer algo's?

Brand yourself as a payment method for the masses and take on a new market space. BRILLIANT! While the other cryptos fight it out in the red ocean, VeriCoin takes the blue ocean strategy and creates its own rules / demand.

This will be exciting to watch grow in the years ahead.

Actually, as someone who has a long standing background in the financial world and has personally worked extensively with FinCEN, Vericoin's features in that regard are under very low risk. What is at very high risk of catching unwanted attention is the recent batch of alts that have anonymity woven into them.

By centralizing certain aspects of Verisend, they technically have the ability to comply with US Federal regulations. Coins that have built in decentralized anonymity quite literally have a target painted on their collective asses, and will be the first hammered into the dirt by the Feds should they ever start looking in that general direction.