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Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 894. (Read 1356163 times)

full member
Activity: 196
Merit: 100
Question, do I need to leave my wallet open 24/7 to get the 'most' out of the stake/interest process, or can I close & reopen say 1x per 24 hrs? Or even a link so I can read up on the lil factoids of coin staking.  Thnx.

We are in the process of writing up a detailed account of VeriCoin's staking system.  Here is a wikipedia on PoS generally with additional links, the system was started by PeerCoin and our system is based on theirs.  https://en.wikipedia.org/wiki/Proof-of-stake

To answer your question, in VeriCoin you only need to open your wallet once a year to earn interest.  However, all the time your wallet is open you are earning compound interest and transactions fees.  So you will earn interest in a complete cold storage wallet opened once a year, but you will earn more by keeping it open.

Oh wow, thats cool, so its like a mini-payment for helping the network? Ill read the link.. thanks!
hero member
Activity: 761
Merit: 505
VeriCoin & Verium Creator/Developer
Question, do I need to leave my wallet open 24/7 to get the 'most' out of the stake/interest process, or can I close & reopen say 1x per 24 hrs? Or even a link so I can read up on the lil factoids of coin staking.  Thnx.

We are in the process of writing up a detailed account of VeriCoin's staking system.  Here is a wikipedia on PoS generally with additional links, the system was started by PeerCoin and our system is based on theirs.  https://en.wikipedia.org/wiki/Proof-of-stake

To answer your question, in VeriCoin you only need to open your wallet once a year to earn interest.  However, all the time your wallet is open you are earning compound interest and transactions fees.  So you will earn interest in a complete cold storage wallet opened once a year, but you will earn more by keeping it open.
hero member
Activity: 761
Merit: 505
VeriCoin & Verium Creator/Developer
We are waiting for additional submissions.
hero member
Activity: 588
Merit: 500
Any news on the logo selection? Or still in progress?
full member
Activity: 196
Merit: 100
Question, do I need to leave my wallet open 24/7 to get the 'most' out of the stake/interest process, or can I close & reopen say 1x per 24 hrs? Or even a link so I can read up on the lil factoids of coin staking.  Thnx.
hero member
Activity: 766
Merit: 509
Nicely undervalued Smiley Volume has ramped back up in the last few days and it is timing up to tear through prices with the DRK problems.  After the BC pump, I'd expect this to get due dilligence.
hero member
Activity: 658
Merit: 500
Most undervalued coin in crypto world no doubt...
sr. member
Activity: 742
Merit: 251
Hi,
I get this error when I try to run the wallet, can anyone help?
"Assertion Faild! File: src\kernel.cpp, Line 373"

Thanks

Best to go to IRC for help

http://webchat.freenode.net/?channels=%23vericoin&uio=d4#

usually a Developer there or some one in the know
newbie
Activity: 6
Merit: 0
Hi,
I get this error when I try to run the wallet, can anyone help?
"Assertion Faild! File: src\kernel.cpp, Line 373"

Thanks
hero member
Activity: 761
Merit: 505
VeriCoin & Verium Creator/Developer
VeriCoin Progress Report 1:

PoW ended, and minted 26,751,452.35 VRC

Wallet working beautifully now!
-We have been fixing major and minor issues, debugging the wallet for long term success and stabilty.
-We have achieved that!
-Thanks to all the testers and holders, your efforts and loyalty did not go unnoticed and will be rewarded greatly as we climb!  You will be the few who got in while the price was low, as we work through thick and thin to bring us higher and higher and higher!

Network-Stake-Dependent Interest fully operational and working beautifully!
-Scaling perfectly with staking, adjusting supply for increased value and value stability

5 supernodes so far setup all over the world to support network traffic
-Multiple DNSseeds setup to route traffic through supernodes when necessary or optimal

Announcement with details soon coming on our multipool which is currently in community testing (pool.vericoin.info).

We will be releasing a sneak preview of our novel algorithm for optimized VeriCoin gains stay tuned!

Many thanks to the community, your passion together with ours will take us into the stratosphere and beyond!!  
member
Activity: 84
Merit: 10
sr. member
Activity: 742
Merit: 251
POLO UNFROZEN VRC TRADING THERE NOW!
hero member
Activity: 546
Merit: 500
AKA The Rubber Monkey
WHy is VRC frozen on Polo fr 24 hours or more now??

I wish that I knew. Yesterday they told me that it was simply a hardware upgrade, but if that were true, it should be unfrozen by now. I've tried to contact them, but have been unsuccessful. If I get any information, I'll let you guys know.

Just heard from Polo. It seems to be something on their end. They are looking into it now. Should be unfrozen soon.

VRC is no longer frozen on Polo.
sr. member
Activity: 742
Merit: 251
WHy is VRC frozen on Polo fr 24 hours or more now??

I wish that I knew. Yesterday they told me that it was simply a hardware upgrade, but if that were true, it should be unfrozen by now. I've tried to contact them, but have been unsuccessful. If I get any information, I'll let you guys know.

Polo Guy = TFhoneybadger on IRC now talking with pnosker (VRC) Developer

Not a wallet issue. So TFHB didn't get notice.

Holiday weekend so AFK

He is on it NOW!!!!
hero member
Activity: 546
Merit: 500
AKA The Rubber Monkey
WHy is VRC frozen on Polo fr 24 hours or more now??

I wish that I knew. Yesterday they told me that it was simply a hardware upgrade, but if that were true, it should be unfrozen by now. I've tried to contact them, but have been unsuccessful. If I get any information, I'll let you guys know.

Just heard from Polo. It seems to be something on their end. They are looking into it now. Should be unfrozen soon.
member
Activity: 84
Merit: 10
the price is raising , get in now guys comon
hero member
Activity: 546
Merit: 500
AKA The Rubber Monkey
WHy is VRC frozen on Polo fr 24 hours or more now??

I wish that I knew. Yesterday they told me that it was simply a hardware upgrade, but if that were true, it should be unfrozen by now. I've tried to contact them, but have been unsuccessful. If I get any information, I'll let you guys know.
member
Activity: 84
Merit: 10
Raise the beast my friends , tweet and retweet .
sr. member
Activity: 742
Merit: 251
Poloniex still down - its been like that for ages now, hope they fix it soon  Huh

For real any word???
Come trade on bitterex, some serious movement today. Wallet is fixed, working multipool, and anon features on the horizon!

Doesn't help people who's coins are on polo also doesn't help the coin as it looks like something is messed up.

That's what's GREAT about VeriCoin. POLO is screwed up but inspite of the negative effect of Polo's ineptitude The VRC Developers continue to grind on debugging, coding of new apps like multipool. etc

LIke it's supposed to be done.

These guys aren't just good

They R the BEST!!
member
Activity: 84
Merit: 10
We need some testers with script on the multipool .

please join , this is a longterm coin with dev team behind , not a 3 weeks coin pump and dump ..


Ive got 10Mh pointed at it now - got a good feeling about this coin!

We haven't promoted the coin because of wallet issue the past 2 weeks .

The wallet is working properly now . build 1.2.3 on the website

Now the battle is about to start !
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