Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 602. (Read 1356166 times)

I must apologise for repeatedly using VER (abbreviation ) instead of the correct VRC. Mea Culpa.  

edited prev posts to put things right, 

Yes. In Indonesia you can use a phone operator card to top up with credit and then use for shopping and cash back.( XL network ). Crypto could do it much better if we could find an accessible and easy way to cash into local currency. Not many people know about BTC never mind alt coins. But VRC can offer a way to transfer value and, if it could then be cashed into local currency the word would spread like wildfire in no time. First mover will win the day. Yes, it's using VRC as a means to an end and it goes back into Fiat but what a difference it could make for millions.

In-wallet decentralised exchange from FIAT to Crypto, systems to send value by SMS, privacy options are already on the table. Sending is easy thanks to VERisend

The bottleneck is getting the token (VRC ) into local currency and, in so far as is humanly possible, keeping the middleman centralised services out of the process. Prypto cards offer one way to go but I still think direct use of ATMs would be better. I personally would avoid the PayPal route.
For rural areas, if folk understand the benefits of it, local centres could be set up with an ATM and Internet connection in a nearby town. It might be combined with micro funding projects run by women to encourage small business development and reach a global source for crowdfunding. The possibilities it opens up are limitless.
I'm sorry I am not a tech so I have no idea about the likely complexities in setting up such a system but I believe it will be worth the effort. meantime, I'll just keep telling people about VRC and how good it is.

Great news about the Wall St. investor meeting and many congratulations for what you have achieved with this project so far!

As for the launch party, my understanding was that the plan is to have a big launch party organised by WizRig (J. Bosch) in Miami. We heard in the first hangout that a big party will be with celebrities, TV and all kind of news organisations in Miami where the world will hear about VeriCoin. Is that Miami PR event still going to happen? I am fully aware that you do not work for investors like myself and you have no obligation to answer, but since you represent the project, you have put your digital currency in the public exchanges and your project involves with real peoples' real money your reply would be really appreciated.

During the time when the price was pumped to 55K WizRig was very active and outlined an ambitious and sensible PR plan via the first hangout (when WizRig and you were sitting together and explained the plans side by side) as well as via twitter and IRC, it sounded a good plan and it seemed your decision to let WizRig close to your project is a wise one. WizRig said that he is here for creating crypto history, work for the community and for him it is not about money, it is about work for something good. Is that still happening, generally speaking is WizRig still part of your project and if yes to what extent? Since you represent VeriCoin I hope you don't mind I am asking you about the role of WizRig in your project.

In Russia there are many investors like myself very interested in your digital currency, its features like the SMS and VeriBit are very suitable for our environment. We are not concerned about price drops at all, but it would be great to understand who is doing what in your project.

I'm in Malaysia, and am promoting crypto to migrant workers, predominantly Bangladeshi's who work at my local petrol stations, as an alternative remittance.
since telling them about Vericoin veri-sms some have shown more interest over btc as most do not have internet access readily where they dorm or work, and their spouses at home are generally not computer literate or dont have a pc of their own, but all own smart phones and do make video calls, so these guys do use the internet when available. (info from the guys i know.. not in any way a generalisation)

apart from western union, there are "money changer" syndicates that offer services to workers at competitive rates, and i have even heard that some have used phone credit as a means to transfer funds, only hear say but sounds interesting, humans get very resourceful when there are leaches and parasites at every corner.

i have yet to find a willing adopter/partcipant, due to the lack of crypto 2 fiat conversion at the Bangladesh end.. if any bangladeshi / indon / myanmar folks are on vericoin thread.. theres a whole bunch of ppl being raped of their hard earned cash by the likes of western union, i urge you guys to promote vericoin and push for conversion services at your end
 

That will be interesting. Taxes ect for crossing currencies like that would be a big liability I would think. Going crypto to crypto keeps you in the same currency type.


Going from crypto to paypal might be a taxable event in some countries. I personally wouldn't cash out a penny here until US law is official. Instead any money I made would be spent on gift cards and other things so that I didn't withdraw to a bank account and claim income.

Interesting Idea. But its not going to work on a scale such as veri-bit due to the tax laws.

Nice one and thank you. 

link to relevant article mentioning indonesian currency laws, Undang-Undang Nomor 7 Tahun 2011, Undang-Undang Nomor 23 Tahun 1999, and Undang-Undang Nomor 6 Tahun 2009

http://e27.co/bank-indonesia-declares-bitcoin-as-illegal-currency/

vericoin been a bit quiet for the last few days. do you know PINK coin is working on something like veribit, but instead of it being used where btc is being used, it will be used where paypal is accepted

Sorry but I can't point you to the legislation (undang2) about trading in RI. I just picked up bits from local news. I used the situation here as an example of how merchant adoption is not always the solution. 

@Aragoon

Please can you point me to the Undang2 RI that bans the trading using crypto? I am interested about this.

Thanks in advance,

Eth.

Thanks - I'm familiar with QT but what I'm looking for is a total interest amount listed in overview.

Just click on 'transactions', then click on 'type', it will all be there sorted by date.

It's similar to this request:

http://www.reddit.com/r/vericoin/comments/2836fz/vericoin_feature_requests/ci7tm5z

You should probably post your request there where it'll be permanently visible instead of buried in this thread.

I apologize if this was already discussed/requested elsewhere in this thread.

Feature Request: In the Vericoin wallet overview tab, could you include a line item showing the total amount of vrc/interest earned?

The answer to your question was just discussed about 4 hours prior to your post.  Not sure how you missed it but here it is:

Any plans for the coming week? Can I buy VRC from the wallet ?

Yes you are right. A good part of the answer.
However, in Indonesia for example, it is illegal to trade ( buy goods using crypto) but OK to trade crypto for fiat. Also, merchants in small towns are unlikely to want to accept VRC direct but might be willing to have an ATM if they get a percentage from ATM use. Also, ATM's might help reduce the problem of price hiking by middlmen.
The world is so varied we will probably need many solutions to get VRC into mainstream use. It's already way ahead of other coins that are about as useful as a rubber crutch in a swamp.  

The word just needs to get out there. We need local merchants to accept vericoin/bitcoin. If you don't have internet access on your phone that merchant should be able to offer free wifi for people paying with digital currencies.

VeriCoin had a great day on Wall St. discussing VeriCoin with some corporations. We also found some time to make it to the Bitcoin Center in NY.

We (Doug and I) are going to be hosting a party at the NY Bitcoin Center in the Financial District of Manhattan (across the st. from the NYSE!). The party will be in late July (date still not set in stone) and we will have lots of cool stuff to give away (VeriCoin Tee shirts, stickers, paper wallets with some VRC, etc.). We will also be bringing food and drinks.

Doug and I are happy to help contribute funds for this party, but if you would like to contribute, please send some VRC over to this address (the Party Fund): VJ61hq3A8RCq79uaWAFe56J3ri5RvitN15

Anything unused will go to the VeriFund.

It's going to cost a few thousand dollars to have a hundred shirts to giveaway, a DJ, etc. but we think it's going to be awesome. The tentative date is set for Monday night, 7/28, at 7 PM.

Please help us host the Very First VeriParty in NYC!

Vericoin is really pushing the envelope getting crypto to a stage at which anyone including grandma can use it. It's fantastic work. I think it's visionary. It's all about utility. Nothing comes out of the box fully evolved.
Getting into VRC is easier and easier but the problem still remains that getting out of VRC into Fiat without internet / smartphone is very difficult. I know there are projects like Outernet etc aiming to provide free global internet access (including BTC blockchain) but they are still a long way off. Meantime millions of people only have access to dumbphones. No internet. No bank account. No Wi-Fi. No crypto exchange account. Not a criticism but what use is a wallet full of VRC to them?  
VeriSend gets the VRC to the dumbphone but how will people cash the VRC into local currency? Scratch card solutions are centralised and vulnerable to heavy markups.
It's a huge issue for millions who work abroad and want to send money home to family.
Is there some way for a dumbphone to securely communicate directly with an ATM by SMS / Bluetooth or could a code sent to the dumbphone be keyed into the ATM so as to access local currency?
Easy for me to identify the problem but a nightmare to solve it. Anyone any ideas? It will change the world forever.