[UNOFFICIAL] [VNL] Vanillacoin 0.4.1 | Instant ▱ Incentivized ▱ Innovative - page 55.

john-connor

sr. member

Activity: 596

Merit: 251

Quote from: luckygenough56 on October 30, 2015, 01:02:20 PM

Quote from: broadsword on October 30, 2015, 09:13:18 AM

with the rise of eth why is vnl needed now

eth is bloated as hell, 1.7 GB (vnl is 350 Mo after one year) after 2 months, 500 confirms, it is barely functionnal in real world imo. Well, it tries to innovate, i have nothing against it, but the fundamentals are questionnable. Look at nxt, lots of hype at release, then only drop and drop...same speech, eth/nxt are not coins but tokens/gas. It's nice and all, but without a killer app, it doesn't work that well. Vnl is like a nokia 3310 on steroids, it has a simple purpose, solve all bitcoin problems, tx speed, scalability and anonimity and it'll probably be the best at doing it in a simple elegant way a always.

A 12 second block time will only scale on private lans. 64 seconds is the best you can propagate blocks on the public internet before they become backed up. Cool

Thank you for your support.

john-connor

sr. member

Activity: 596

Merit: 251

Quote from: ?? on ??

Quote from: DeCrypterManiac on October 30, 2015, 12:17:38 PM

I recommend you to change name.. Dark Pee Pee ... Please not...

LOL

It's pronounced Dark Plus Plus. Cool

Thank you for your support.

etoque

legendary

Activity: 1988

Merit: 1000

~~Also if someone can made an tutorial about how to setup an node on VPN/VPS on windows I'll be happy and make probably more people happy!~~

Soundslave have help me on IRC, thanks alot Cheesy

luckygenough56

legendary

Activity: 1526

Merit: 1012

Quote from: bitcoin carpenter on October 30, 2015, 12:19:58 PM

Quote from: ?? on ??

Quote from: traumschiff on October 30, 2015, 07:07:32 AM

DGB could only pump because there were months of heavy accumulation, people like you are blind thinking a project pumps because of some random spam on twitter.

+1

Listen to this guy. He knows what he's talking about. It's just the way markets work.

Shhhh.... I'm enjoying accumulating at these prices

Old coins are pumped once pumpers get 80% of the supply, simple as that. And dgb team putting a video of a random office with 2 guys working on the coin doesn't mean shit. Dgb is 2 years old at least and the development is very poor at best. John is more creative than all this guys combined imo, he already proved it

luckygenough56

legendary

Activity: 1526

Merit: 1012

Quote from: broadsword on October 30, 2015, 09:13:18 AM

with the rise of eth why is vnl needed now

eth is bloated as hell, 1.7 GB (vnl is 350 Mo after one year) after 2 months, 500 confirms, it is barely functionnal in real world imo. Well, it tries to innovate, i have nothing against it, but the fundamentals are questionnable. Look at nxt, lots of hype at release, then only drop and drop...same speech, eth/nxt are not coins but tokens/gas. It's nice and all, but without a killer app, it doesn't work that well. Vnl is like a nokia 3310 on steroids, it has a simple purpose, solve all bitcoin problems, tx speed, scalability and anonimity and it'll probably be the best at doing it in a simple elegant way a always.

I hope John pulls blockchain pruning soon as said in roadmap, i know most people don't care but it is big deal as it makes the coin look viable look term, future proof.

bitcoin carpenter

legendary

Activity: 1582

Merit: 1001

Quote from: ?? on ??

Quote from: traumschiff on October 30, 2015, 07:07:32 AM

DGB could only pump because there were months of heavy accumulation, people like you are blind thinking a project pumps because of some random spam on twitter.

+1

Listen to this guy. He knows what he's talking about. It's just the way markets work.

Shhhh.... I'm enjoying accumulating at these prices

DeCrypterManiac

hero member

Activity: 550

Merit: 500

I recommend you to change name.. Dark Pee Pee ... Please not...

traumschiff

legendary

Activity: 1498

Merit: 1001

180 BPM

Quote from: etoque on October 30, 2015, 12:06:32 PM

can we simply have more information about darkpp please ? how it suppose to work? Its an mixer ? side chain ?

It's a mixer most probably (according to some of the file names and code bits on github) and will probably bring a certain level of anonimity to transactions if I had to make a guess. I doubt it's going to be CoinJoin or something equal basic though.

BTW if you would open a topic on talk.vanillacoin.com about the DarkPP questions I'm sure you will get a faster response from John. You asked here 3x already in 2 pages with no luck.

etoque

legendary

Activity: 1988

Merit: 1000

can we simply have more information about darkpp please ? how it suppose to work? Its an mixer ? side chain ?

hughbt

hero member

Activity: 613

Merit: 501

Quote from: Riseman on October 30, 2015, 10:59:38 AM

Quote from: hughbt on October 30, 2015, 10:12:14 AM

Quote from: groggin on October 30, 2015, 03:47:33 AM

Quote from: nextgencoin on October 30, 2015, 03:38:17 AM

John may be a good developer but his prediction of markets just plain sucks. Since when is Bitcoin's price based on miners?

since no one is buying? (current pump not withstanding)

i've accumulated millions of alts since i started mining/trading a couple of years ago. what are they worth now? approximately what it cost to make them ...

It's true that fundamental(real) price of bitcoin is equal to the cost of mining. It's not based on any other real, measurable value other than the electricity and mining operation costs. Maybe popularity,brand, value of the network, and the technology are capitalised in the price but you can't really measure that, and it's changing very fast. Bitcoin's price = mining costs + pure speculation.

I think network hashrate always follows the price, not vice versa.

But mining costs are never == price.
You can even look at it from wider perspective. Higher demand->higher price->more miners->higher nethash. This doesn't mean that what I wrote is not true. The most basic method to measure bitcoin's real value(I'm not talking about market price) would be to count all of the used energy and convert it into $. Maybe I wasn't clear enough. I should have written:
Bitcoin's value(overall value - of all coins) = mining costs(since the beginning to this day) + pure speculation.
No one wants to sell antyhing below the costs of production.

And I agree that the speculation part is the most important and dictates the price. That's why we should keep in mind, that Bitcoin isn't really backed up by anything other than electricity cost. A lot of people bought @200$, 100$, average mining cost is different than the current one. There is a room for growth but it can much easier go down.

Riseman

hero member

Activity: 690

Merit: 500

Quote from: hughbt on October 30, 2015, 10:12:14 AM

Quote from: groggin on October 30, 2015, 03:47:33 AM

Quote from: nextgencoin on October 30, 2015, 03:38:17 AM

John may be a good developer but his prediction of markets just plain sucks. Since when is Bitcoin's price based on miners?

since no one is buying? (current pump not withstanding)

i've accumulated millions of alts since i started mining/trading a couple of years ago. what are they worth now? approximately what it cost to make them ...

It's true that fundamental(real) price of bitcoin is equal to the cost of mining. It's not based on any other real, measurable value other than the electricity and mining operation costs. Maybe popularity,brand, value of the network, and the technology are capitalised in the price but you can't really measure that, and it's changing very fast. Bitcoin's price = mining costs + pure speculation.

I think network hashrate always follows the price, not vice versa.

pseudonymdude

legendary

Activity: 896

Merit: 1000

Quote from: broadsword on October 30, 2015, 09:13:18 AM

with the rise of eth why is vnl needed now

ETH is not competing with VNL or BTC. If anything, it's competing with XCP.

See how long it takes to download the 2-month ETH blockchain and see how long it takes to donwload the 10-month VNL blockchain. VNL has instant transactions through zerotime, while ETH does not have instant transactions. VNL has an Android App and an Iphone App, which you can take the wallet.dat from and use on your PC. I don't belive ETH has any mobile apps yet and I'm not sure if it even has a GUI up and running. VNL confirms on Poloniex in 1 confirmation, while ETH currently takes 500 confirmations.

There are many other differences, but you should have realized at least a few of those. I'm guessing you didn't even download and sync either wallet.

VNL Purpose: John is trying to build VNL into a scalable, secure, decentralized currency with instant transactions that won't have to centralize in the future. Bitcoin will most likely have to centralize (with only large corporations mining it, putting up nodes, and offering instant txs) over the next few decades for a variety of reasons.

hughbt

hero member

Activity: 613

Merit: 501

Quote from: groggin on October 30, 2015, 03:47:33 AM

Quote from: nextgencoin on October 30, 2015, 03:38:17 AM

John may be a good developer but his prediction of markets just plain sucks. Since when is Bitcoin's price based on miners?

since no one is buying? (current pump not withstanding)

i've accumulated millions of alts since i started mining/trading a couple of years ago. what are they worth now? approximately what it cost to make them ...

It's true that fundamental(real) price of bitcoin is equal to the cost of mining. It's not based on any other real, measurable value other than the electricity and mining operation costs. Maybe popularity,brand, value of the network, and the technology are capitalised in the price but you can't really measure that, and it's changing very fast. Bitcoin's price = mining costs + pure speculation.

goldmaxx

hero member

Activity: 894

Merit: 1000

Quote from: broadsword on October 30, 2015, 09:13:18 AM

with the rise of eth why is vnl needed now

Are you serious?

Regards

Goldmaxx

broadsword

full member

Activity: 197

Merit: 100

with the rise of eth why is vnl needed now

traumschiff

legendary

Activity: 1498

Merit: 1001

180 BPM

Quote from: dygus on October 30, 2015, 08:26:00 AM

Quote from: traumschiff on October 30, 2015, 07:07:32 AM

Quote from: dygus on October 30, 2015, 04:20:04 AM

Quote from: traumschiff on October 30, 2015, 04:03:28 AM

Quote from: dygus on October 30, 2015, 03:50:06 AM

Quote from: john-connor on October 29, 2015, 04:57:52 PM

Quote from: etoque on October 29, 2015, 11:05:15 AM

Quote from: john-connor on October 29, 2015, 07:43:21 AM

Quote from: Gobblerr on October 29, 2015, 06:13:14 AM

how is vnl at 9k what is even going on

It's above 10k. Do you expect it to stay relative as Bitcoin goes through 300? Of course not. The market is doing it's thing. It will be boring until BTC crashes, which should not be long off. People gotta cash out for the holidays to buy Lego Star Wars. Cool

Thank you for your support.

And if bitcoin goes to 600-800-1000 $

This is inconsistent with reality. Bitcoin is a miners market, meaning it is worth what it cost to mine. Periodically we have these pumps and always have. The miners are waiting to dump and when they do it's back to ~200 where electricity cost to bitcoin output ratio is normalised. I highly doubt BTC will be over 400 even in 365 days from now unless the mining hardware situation changes. Cool

Thank you for your support.

Are you trying to tell us, that btc price depends only of miners? Don't make me laugh.

And about the price, why you said, that btc won't be over 400$. Look at btc volume in last seven days on bitcoinwisdom (nearly 8 milions).

Now it's a great opportunity for crypto, I hope you gonna start some promotion, otherwise supercode, ZT, node incentives and other extra features won't help.

Did you read my last comment? Just asking because you actually suggest again that promotion in itself will help in this market.

It's easy to skip facts and spam the same comment again, right?

Ofcourse it will help. Why other coins can go up? Compare digibyte and vnl websites (it's only example) I follow'em on twitter and I can see they have one main goal: MAKE THEIR COIN TO BE USEFULL IN REAL.
Promotion will bring us more and more community members what is necessary (I think it's most important).

Ok mate. Your single and only argument in the sentence is Digibyte which was just pumped 2 weeks ago after being down for months and it is already retracing.

Meanwhile my arguments were:

Quote

BTS at 1300 sats down from, what, 3-4k?

DASH at 720k down from a stable 1000k for a really long time

XMR at 130k down from a stable 240-260k

MAID 4800 from a stable 8000-12000

XRP 1400 down from 3-5k

STR 627 down from a long time stable 1000-1500

Storj 4575 down from 7000-1000

NXT 2440 down from 5000-6000

All of the above mentioned projects do marketing and all of them had higher volumes Daily/weekly/monthly than what DGB had. Your argument is invalid. DGB could only pump because there were months of heavy accumulation, people like you are blind thinking a project pumps because of some random spam on twitter.

DGB was only an example and all coins, mentioned above, did not fall 5 times like vnl did.

50k was not a floor or something to take into consideration, it literally lasted 5 minutes. Stop skewing your data just to justify your stance (same as with taking DGB for example, the newest pump after months of decline and months of being irrelevant with 0 volume).

dygus

legendary

Activity: 1193

Merit: 1000

Peaky Blinder

Quote from: traumschiff on October 30, 2015, 07:07:32 AM

Quote from: dygus on October 30, 2015, 04:20:04 AM

Quote from: traumschiff on October 30, 2015, 04:03:28 AM

Quote from: dygus on October 30, 2015, 03:50:06 AM

Quote from: john-connor on October 29, 2015, 04:57:52 PM

Quote from: etoque on October 29, 2015, 11:05:15 AM

Quote from: john-connor on October 29, 2015, 07:43:21 AM

Quote from: Gobblerr on October 29, 2015, 06:13:14 AM

how is vnl at 9k what is even going on

It's above 10k. Do you expect it to stay relative as Bitcoin goes through 300? Of course not. The market is doing it's thing. It will be boring until BTC crashes, which should not be long off. People gotta cash out for the holidays to buy Lego Star Wars. Cool

Thank you for your support.

And if bitcoin goes to 600-800-1000 $

This is inconsistent with reality. Bitcoin is a miners market, meaning it is worth what it cost to mine. Periodically we have these pumps and always have. The miners are waiting to dump and when they do it's back to ~200 where electricity cost to bitcoin output ratio is normalised. I highly doubt BTC will be over 400 even in 365 days from now unless the mining hardware situation changes. Cool

Thank you for your support.

Are you trying to tell us, that btc price depends only of miners? Don't make me laugh.

And about the price, why you said, that btc won't be over 400$. Look at btc volume in last seven days on bitcoinwisdom (nearly 8 milions).

Now it's a great opportunity for crypto, I hope you gonna start some promotion, otherwise supercode, ZT, node incentives and other extra features won't help.

Did you read my last comment? Just asking because you actually suggest again that promotion in itself will help in this market.

It's easy to skip facts and spam the same comment again, right?

Ofcourse it will help. Why other coins can go up? Compare digibyte and vnl websites (it's only example) I follow'em on twitter and I can see they have one main goal: MAKE THEIR COIN TO BE USEFULL IN REAL.
Promotion will bring us more and more community members what is necessary (I think it's most important).

Ok mate. Your single and only argument in the sentence is Digibyte which was just pumped 2 weeks ago after being down for months and it is already retracing.

Meanwhile my arguments were:

Quote

BTS at 1300 sats down from, what, 3-4k?

DASH at 720k down from a stable 1000k for a really long time

XMR at 130k down from a stable 240-260k

MAID 4800 from a stable 8000-12000

XRP 1400 down from 3-5k

STR 627 down from a long time stable 1000-1500

Storj 4575 down from 7000-1000

NXT 2440 down from 5000-6000

All of the above mentioned projects do marketing and all of them had higher volumes Daily/weekly/monthly than what DGB had. Your argument is invalid. DGB could only pump because there were months of heavy accumulation, people like you are blind thinking a project pumps because of some random spam on twitter.

DGB was only an example and all coins, mentioned above, did not fall 5 times like vnl did.

BadAss.Sx

legendary

Activity: 1526

Merit: 1002

Bulletproof VPS/VPN/Email @ BadAss.Sx

VNL is a long term investment. People should be happy that price is low

traumschiff

legendary

Activity: 1498

Merit: 1001

180 BPM

Quote from: goldmaxx on October 30, 2015, 04:22:20 AM

I'm not saying we should hype VNL to death, but some healthy, honest PR wouldn't do us wrong for sure...

I agree with this, what some people fail to see here is that I'm not against PR, but I'm against bad PR and worthless reviews. Also everyone knew John's plans in advance, everyone knew how John manages his project and still people are mad and overly negative because their investments value dropped. This isn't a suited investment for a daytrader since John doesn't care to hype until the project is further developed.

traumschiff

legendary

Activity: 1498

Merit: 1001

180 BPM

Quote from: dygus on October 30, 2015, 04:20:04 AM

Quote from: traumschiff on October 30, 2015, 04:03:28 AM

Quote from: dygus on October 30, 2015, 03:50:06 AM

Quote from: john-connor on October 29, 2015, 04:57:52 PM

Quote from: etoque on October 29, 2015, 11:05:15 AM

Quote from: john-connor on October 29, 2015, 07:43:21 AM

Quote from: Gobblerr on October 29, 2015, 06:13:14 AM

how is vnl at 9k what is even going on

It's above 10k. Do you expect it to stay relative as Bitcoin goes through 300? Of course not. The market is doing it's thing. It will be boring until BTC crashes, which should not be long off. People gotta cash out for the holidays to buy Lego Star Wars. Cool

Thank you for your support.

And if bitcoin goes to 600-800-1000 $

This is inconsistent with reality. Bitcoin is a miners market, meaning it is worth what it cost to mine. Periodically we have these pumps and always have. The miners are waiting to dump and when they do it's back to ~200 where electricity cost to bitcoin output ratio is normalised. I highly doubt BTC will be over 400 even in 365 days from now unless the mining hardware situation changes. Cool

Thank you for your support.

Are you trying to tell us, that btc price depends only of miners? Don't make me laugh.

And about the price, why you said, that btc won't be over 400$. Look at btc volume in last seven days on bitcoinwisdom (nearly 8 milions).

Now it's a great opportunity for crypto, I hope you gonna start some promotion, otherwise supercode, ZT, node incentives and other extra features won't help.

Did you read my last comment? Just asking because you actually suggest again that promotion in itself will help in this market.

It's easy to skip facts and spam the same comment again, right?

Ofcourse it will help. Why other coins can go up? Compare digibyte and vnl websites (it's only example) I follow'em on twitter and I can see they have one main goal: MAKE THEIR COIN TO BE USEFULL IN REAL.
Promotion will bring us more and more community members what is necessary (I think it's most important).

Ok mate. Your single and only argument in the sentence is Digibyte which was just pumped 2 weeks ago after being down for months and it is already retracing.

Meanwhile my arguments were:

Quote

BTS at 1300 sats down from, what, 3-4k?

DASH at 720k down from a stable 1000k for a really long time

XMR at 130k down from a stable 240-260k

MAID 4800 from a stable 8000-12000

XRP 1400 down from 3-5k

STR 627 down from a long time stable 1000-1500

Storj 4575 down from 7000-1000

NXT 2440 down from 5000-6000

All of the above mentioned projects do marketing and all of them had higher volumes Daily/weekly/monthly than what DGB had. Your argument is invalid. DGB could only pump because there were months of heavy accumulation, people like you are blind thinking a project pumps because of some random spam on twitter.

Topic: [UNOFFICIAL] [VNL] Vanillacoin 0.4.1 | Instant ▱ Incentivized ▱ Innovative - page 55. (Read 433438 times)