Author

Topic: [ANN][VRM] Verium PoWT | CPU mining | scrypt² | Scaling | New Roadmap Released - page 124. (Read 250025 times)

hero member
Activity: 761
Merit: 505
VeriCoin & Verium Creator/Developer
How many total coins?

~2.8 million total supply via mining for years. Could take anywhere between 6 and 64 years or so to reach total of 2.8 million VRM. At launch via ICO and promotions about 800k max will be available supply.
member
Activity: 100
Merit: 11
@Dev

The OP looks awesome, would you be interested in Polish translation? I wish to have some VRM but don't have VRC to invest :/
sr. member
Activity: 463
Merit: 250
legendary
Activity: 1092
Merit: 1000
Hyperspace snail
The top 250 Vericoin holders will get some 'free' Verium for securing the network.

https://www.vericoinforums.com/threads/vote-now-vericoin-top-stakers-reward.1333/

Poll is closed. Reward will be 1 VRM for every 500 VRC you hold.

See if you are in the top 250 here https://chainz.cryptoid.info/vrc/#!rich

legendary
Activity: 1092
Merit: 1000
Hyperspace snail
The dev or team holds 50% of all coins to stake. That means it is really easy to hit 51% of all staking. At that point of 51%, you can tell the network what to do, as you control the majority vote of what happens on the network. You can literally tell it anything and it will believe you since majority wins.

50% of ICO funds, not all coins. Would potentially be competitive with number 1 and number 2 wallet maximally. Also community will vote on devs and  leaders to hold fractions of the coins not all held by one individual or group. Additionally the max amount is not big enough to fork the network.
Thanks for your explanation!
hero member
Activity: 761
Merit: 505
VeriCoin & Verium Creator/Developer
hero member
Activity: 761
Merit: 505
VeriCoin & Verium Creator/Developer
The dev or team holds 50% of all coins to stake. That means it is really easy to hit 51% of all staking. At that point of 51%, you can tell the network what to do, as you control the majority vote of what happens on the network. You can literally tell it anything and it will believe you since majority wins.

50% of ICO funds, not all coins. Would potentially be competitive with number 1 and number 2 wallet maximally. Also community will vote on devs and  leaders to hold fractions of the coins not all held by one individual or group. Additionally the max amount is not big enough to fork the network.
hero member
Activity: 1008
Merit: 500
The dev or team holds 50% of all coins to stake. That means it is really easy to hit 51% of all staking. At that point of 51%, you can tell the network what to do, as you control the majority vote of what happens on the network. You can literally tell it anything and it will believe you since majority wins.

Not only this there is a possiblity that they will fork there own network.
full member
Activity: 153
Merit: 100
The dev or team holds 50% of all coins to stake. That means it is really easy to hit 51% of all staking. At that point of 51%, you can tell the network what to do, as you control the majority vote of what happens on the network. You can literally tell it anything and it will believe you since majority wins.
legendary
Activity: 1092
Merit: 1000
Hyperspace snail
with 50% of all coins in PoS, that means almost EVERYONE needs to PoS. Otherwise 51% is a problem. Also, if not spent everyday, 51% is still a problem.

Nothing like 51%-ing your own network?
Not sure what you mean. Could you explain again?
full member
Activity: 153
Merit: 100
with 50% of all coins in PoS, that means almost EVERYONE needs to PoS. Otherwise 51% is a problem. Also, if not spent everyday, 51% is still a problem.

Nothing like 51%-ing your own network?
legendary
Activity: 1092
Merit: 1000
Hyperspace snail
6 days left before the start of the ICO.
hero member
Activity: 658
Merit: 500
Who is escrow?

The developers will hold ICO funds in multisig and distribute Verium after ICO ends
member
Activity: 98
Merit: 10
legendary
Activity: 1092
Merit: 1000
Hyperspace snail
Hi all
I am russian speakin
is there russian translation of the ICO?
Not at this moment.
sr. member
Activity: 377
Merit: 250
Next Generation Antivirus
Hi all
I am russian speakin
is there russian translation of the ICO?
hero member
Activity: 585
Merit: 500
I konw VRC was a hot coin,so VRM must be a good one
legendary
Activity: 966
Merit: 1001
Need to buy more but the price is high, need one good dip Smiley
full member
Activity: 166
Merit: 100
World's First Reverse Merchant Processor
legendary
Activity: 1092
Merit: 1000
Hyperspace snail
Jump to: