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Topic: Vertcoin - 1 | ASIC - 0 | Lyra2RE | Decentralised | GPU Mineable | Open Source - page 24. (Read 415451 times)

full member
Activity: 241
Merit: 100
many miners go to zcash, from the standpoint of mining vrt looks good, but price ... and a view of the future looks badly oh badly  Roll Eyes
Zcash does look interesting. I'm waiting for it to settle before I do anything with it. The price started around 1.5 btc and now it's around .2 btc . The creator of vertcoin made that .

Poramin didn't make Zcash (or Zcoin). His former professor at Johns Hopkins, Matthew Green, is an author on both of the papers describing these protocols ( http://zerocoin.org/media/pdf/ZerocoinOakland.pdf and http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf ), Poramin Insom is not. The creator of vertcoin (Poramin) implemented zerocoin, first in a closed source scam called Zerovert, and now later in a hugely instamined coin called Zcoin. He is unaffiliated with Zcash (which is also scammy) afaik.

The closed source 'scam' is explained here:

Quote
When Zerovert was launched in November 2014, it was primarily an experiment and we didn't have any investor backing. We still wanted to protect our work and thus our only choice at that time was to make Zerovert closed source so that it could not be copied. However we quickly realized that in the cryptocurrency world, closed source software made it almost impossible for our project to be vetted and hence taken seriously so we were in a quandary.

Zerovert was originally intended to be part of Vertcoin's ecosystem however Vertcoin's community were not keen on it. Zerovert's also suffered from very poor performance and had huge scalability issues and therefore the project went silent while we figured out how to solve many of the challenges we faced with Zerovert.

We subsequently managed to fix many scalability issues and these changes have been incorporated into Zcoin. Starting afresh with Zcoin allowed strong investor backing from the likes of Roger Ver and allowed us to dedicate ourselves fully to this project rather than a mere experiment. With investor backing we also could finally make our code open source while still protecting our efforts. These considerations were what prompted us to wipe the slate clean with Zcoin instead of continuing with Zerovert which was never intended to be a serious project.

Instamine and founder's reward are pretty different. Instamines are created upfront while founder's rewards are spread across through the time and are transparent. This ensures that the founders cannot cash out immediately and are incentivized to keep development ongoing at least for the duration of the founder's rewards (4 years in Zcoin).

I spoke with Poramin has not ruled out returning to help out with Vertcoin development once he implements some important fixes with Zcoin. He had thought he had left it in good hands with two devs but when those devs moved on with life (working on startup and studying at MIT) Vertcoin's development was stalled. It wasn't the intention to 'abandon' Vertcoin and he spoke to me about how he wanted to implement EVM for Vert when has has time.
We spoke to him on slack a while back he said he would like to come back and help but he was studying for his CISSP and would help us after Dec 28th. Also, I don't think we are going to EVM anymore . With the size of our team we would be able to keep up with all the forks . Maybe after all the bugs are worked out it would be better .

This is getting a bit ridiculous. Even if this Poramin "I spoke with him and he said..." guy comes back Vert still has no plan, and honestly looks like Poramin has a shit reputation in crypto. We're all holding our breathe for a Chinese pump that, as time goes by, keeps looking less and less probable.

Like I said before I have the same interests in this as all of you. I don't get  paid for this, no one working on the team does. You guys can complain and speculate all you want, but until you contribute something it really doesn't matter how much you complain. Sure, we could fork and have a nice chunk of the block reward go to the devs so they could get paid for this, or have a "presale" and fund ourselves for a while, but we don't want to do that. And you all wonder why the other team member don't come here .You sound like the bunch that would complain that free ice cream is too cold.
full member
Activity: 229
Merit: 100
many miners go to zcash, from the standpoint of mining vrt looks good, but price ... and a view of the future looks badly oh badly  Roll Eyes
Zcash does look interesting. I'm waiting for it to settle before I do anything with it. The price started around 1.5 btc and now it's around .2 btc . The creator of vertcoin made that .

Poramin didn't make Zcash (or Zcoin). His former professor at Johns Hopkins, Matthew Green, is an author on both of the papers describing these protocols ( http://zerocoin.org/media/pdf/ZerocoinOakland.pdf and http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf ), Poramin Insom is not. The creator of vertcoin (Poramin) implemented zerocoin, first in a closed source scam called Zerovert, and now later in a hugely instamined coin called Zcoin. He is unaffiliated with Zcash (which is also scammy) afaik.

The closed source 'scam' is explained here:

Quote
When Zerovert was launched in November 2014, it was primarily an experiment and we didn't have any investor backing. We still wanted to protect our work and thus our only choice at that time was to make Zerovert closed source so that it could not be copied. However we quickly realized that in the cryptocurrency world, closed source software made it almost impossible for our project to be vetted and hence taken seriously so we were in a quandary.

Zerovert was originally intended to be part of Vertcoin's ecosystem however Vertcoin's community were not keen on it. Zerovert's also suffered from very poor performance and had huge scalability issues and therefore the project went silent while we figured out how to solve many of the challenges we faced with Zerovert.

We subsequently managed to fix many scalability issues and these changes have been incorporated into Zcoin. Starting afresh with Zcoin allowed strong investor backing from the likes of Roger Ver and allowed us to dedicate ourselves fully to this project rather than a mere experiment. With investor backing we also could finally make our code open source while still protecting our efforts. These considerations were what prompted us to wipe the slate clean with Zcoin instead of continuing with Zerovert which was never intended to be a serious project.

Instamine and founder's reward are pretty different. Instamines are created upfront while founder's rewards are spread across through the time and are transparent. This ensures that the founders cannot cash out immediately and are incentivized to keep development ongoing at least for the duration of the founder's rewards (4 years in Zcoin).

I spoke with Poramin has not ruled out returning to help out with Vertcoin development once he implements some important fixes with Zcoin. He had thought he had left it in good hands with two devs but when those devs moved on with life (working on startup and studying at MIT) Vertcoin's development was stalled. It wasn't the intention to 'abandon' Vertcoin and he spoke to me about how he wanted to implement EVM for Vert when has has time.
We spoke to him on slack a while back he said he would like to come back and help but he was studying for his CISSP and would help us after Dec 28th. Also, I don't think we are going to EVM anymore . With the size of our team we would be able to keep up with all the forks . Maybe after all the bugs are worked out it would be better .

This is getting a bit ridiculous. Even if this Poramin "I spoke with him and he said..." guy comes back Vert still has no plan, and honestly looks like Poramin has a shit reputation in crypto. We're all holding our breathe for a Chinese pump that, as time goes by, keeps looking less and less probable.
wgd
legendary
Activity: 1815
Merit: 1005
hahaha, so what it is for investors besides high bag?  Shocked

- No twitter news
- No website news blog
- Slack for VIP
- Lack of oficiall list dev team

Your community does not trust devs, can take lessons in the basics of PR

This is no fud, this pure facts  Tongue
full member
Activity: 241
Merit: 100
many miners go to zcash, from the standpoint of mining vrt looks good, but price ... and a view of the future looks badly oh badly  Roll Eyes
Zcash does look interesting. I'm waiting for it to settle before I do anything with it. The price started around 1.5 btc and now it's around .2 btc . The creator of vertcoin made that .

Poramin didn't make Zcash (or Zcoin). His former professor at Johns Hopkins, Matthew Green, is an author on both of the papers describing these protocols ( http://zerocoin.org/media/pdf/ZerocoinOakland.pdf and http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf ), Poramin Insom is not. The creator of vertcoin (Poramin) implemented zerocoin, first in a closed source scam called Zerovert, and now later in a hugely instamined coin called Zcoin. He is unaffiliated with Zcash (which is also scammy) afaik.

The closed source 'scam' is explained here:

Quote
When Zerovert was launched in November 2014, it was primarily an experiment and we didn't have any investor backing. We still wanted to protect our work and thus our only choice at that time was to make Zerovert closed source so that it could not be copied. However we quickly realized that in the cryptocurrency world, closed source software made it almost impossible for our project to be vetted and hence taken seriously so we were in a quandary.

Zerovert was originally intended to be part of Vertcoin's ecosystem however Vertcoin's community were not keen on it. Zerovert's also suffered from very poor performance and had huge scalability issues and therefore the project went silent while we figured out how to solve many of the challenges we faced with Zerovert.

We subsequently managed to fix many scalability issues and these changes have been incorporated into Zcoin. Starting afresh with Zcoin allowed strong investor backing from the likes of Roger Ver and allowed us to dedicate ourselves fully to this project rather than a mere experiment. With investor backing we also could finally make our code open source while still protecting our efforts. These considerations were what prompted us to wipe the slate clean with Zcoin instead of continuing with Zerovert which was never intended to be a serious project.

Instamine and founder's reward are pretty different. Instamines are created upfront while founder's rewards are spread across through the time and are transparent. This ensures that the founders cannot cash out immediately and are incentivized to keep development ongoing at least for the duration of the founder's rewards (4 years in Zcoin).

I spoke with Poramin has not ruled out returning to help out with Vertcoin development once he implements some important fixes with Zcoin. He had thought he had left it in good hands with two devs but when those devs moved on with life (working on startup and studying at MIT) Vertcoin's development was stalled. It wasn't the intention to 'abandon' Vertcoin and he spoke to me about how he wanted to implement EVM for Vert when has has time.
We spoke to him on slack a while back he said he would like to come back and help but he was studying for his CISSP and would help us after Dec 28th. Also, I don't think we are going to EVM anymore . With the size of our team we would be able to keep up with all the forks . Maybe after all the bugs are worked out it would be better .
Why cant we join the slack?
It's for devs and team members atm
full member
Activity: 161
Merit: 100
many miners go to zcash, from the standpoint of mining vrt looks good, but price ... and a view of the future looks badly oh badly  Roll Eyes
Zcash does look interesting. I'm waiting for it to settle before I do anything with it. The price started around 1.5 btc and now it's around .2 btc . The creator of vertcoin made that .

Poramin didn't make Zcash (or Zcoin). His former professor at Johns Hopkins, Matthew Green, is an author on both of the papers describing these protocols ( http://zerocoin.org/media/pdf/ZerocoinOakland.pdf and http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf ), Poramin Insom is not. The creator of vertcoin (Poramin) implemented zerocoin, first in a closed source scam called Zerovert, and now later in a hugely instamined coin called Zcoin. He is unaffiliated with Zcash (which is also scammy) afaik.

The closed source 'scam' is explained here:

Quote
When Zerovert was launched in November 2014, it was primarily an experiment and we didn't have any investor backing. We still wanted to protect our work and thus our only choice at that time was to make Zerovert closed source so that it could not be copied. However we quickly realized that in the cryptocurrency world, closed source software made it almost impossible for our project to be vetted and hence taken seriously so we were in a quandary.

Zerovert was originally intended to be part of Vertcoin's ecosystem however Vertcoin's community were not keen on it. Zerovert's also suffered from very poor performance and had huge scalability issues and therefore the project went silent while we figured out how to solve many of the challenges we faced with Zerovert.

We subsequently managed to fix many scalability issues and these changes have been incorporated into Zcoin. Starting afresh with Zcoin allowed strong investor backing from the likes of Roger Ver and allowed us to dedicate ourselves fully to this project rather than a mere experiment. With investor backing we also could finally make our code open source while still protecting our efforts. These considerations were what prompted us to wipe the slate clean with Zcoin instead of continuing with Zerovert which was never intended to be a serious project.

Instamine and founder's reward are pretty different. Instamines are created upfront while founder's rewards are spread across through the time and are transparent. This ensures that the founders cannot cash out immediately and are incentivized to keep development ongoing at least for the duration of the founder's rewards (4 years in Zcoin).

I spoke with Poramin has not ruled out returning to help out with Vertcoin development once he implements some important fixes with Zcoin. He had thought he had left it in good hands with two devs but when those devs moved on with life (working on startup and studying at MIT) Vertcoin's development was stalled. It wasn't the intention to 'abandon' Vertcoin and he spoke to me about how he wanted to implement EVM for Vert when has has time.
We spoke to him on slack a while back he said he would like to come back and help but he was studying for his CISSP and would help us after Dec 28th. Also, I don't think we are going to EVM anymore . With the size of our team we would be able to keep up with all the forks . Maybe after all the bugs are worked out it would be better .
Why cant we join the slack?
full member
Activity: 241
Merit: 100
many miners go to zcash, from the standpoint of mining vrt looks good, but price ... and a view of the future looks badly oh badly  Roll Eyes
Zcash does look interesting. I'm waiting for it to settle before I do anything with it. The price started around 1.5 btc and now it's around .2 btc . The creator of vertcoin made that .

Poramin didn't make Zcash (or Zcoin). His former professor at Johns Hopkins, Matthew Green, is an author on both of the papers describing these protocols ( http://zerocoin.org/media/pdf/ZerocoinOakland.pdf and http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf ), Poramin Insom is not. The creator of vertcoin (Poramin) implemented zerocoin, first in a closed source scam called Zerovert, and now later in a hugely instamined coin called Zcoin. He is unaffiliated with Zcash (which is also scammy) afaik.

The closed source 'scam' is explained here:

Quote
When Zerovert was launched in November 2014, it was primarily an experiment and we didn't have any investor backing. We still wanted to protect our work and thus our only choice at that time was to make Zerovert closed source so that it could not be copied. However we quickly realized that in the cryptocurrency world, closed source software made it almost impossible for our project to be vetted and hence taken seriously so we were in a quandary.

Zerovert was originally intended to be part of Vertcoin's ecosystem however Vertcoin's community were not keen on it. Zerovert's also suffered from very poor performance and had huge scalability issues and therefore the project went silent while we figured out how to solve many of the challenges we faced with Zerovert.

We subsequently managed to fix many scalability issues and these changes have been incorporated into Zcoin. Starting afresh with Zcoin allowed strong investor backing from the likes of Roger Ver and allowed us to dedicate ourselves fully to this project rather than a mere experiment. With investor backing we also could finally make our code open source while still protecting our efforts. These considerations were what prompted us to wipe the slate clean with Zcoin instead of continuing with Zerovert which was never intended to be a serious project.

Instamine and founder's reward are pretty different. Instamines are created upfront while founder's rewards are spread across through the time and are transparent. This ensures that the founders cannot cash out immediately and are incentivized to keep development ongoing at least for the duration of the founder's rewards (4 years in Zcoin).

I spoke with Poramin has not ruled out returning to help out with Vertcoin development once he implements some important fixes with Zcoin. He had thought he had left it in good hands with two devs but when those devs moved on with life (working on startup and studying at MIT) Vertcoin's development was stalled. It wasn't the intention to 'abandon' Vertcoin and he spoke to me about how he wanted to implement EVM for Vert when has has time.
We spoke to him on slack a while back he said he would like to come back and help but he was studying for his CISSP and would help us after Dec 28th. Also, I don't think we are going to EVM anymore . With the size of our team we would be able to keep up with all the forks . Maybe after all the bugs are worked out it would be better .
legendary
Activity: 910
Merit: 1000
I wonder how many of you know that Vertcoin creator Poramin Insom is coming up with a Zerocash competitor which is going to be launched very soon.

https://news.bitcoin.com/zero-knowledge-zcoin-launching-soon/    
http://zcoin.tech/about.html

There is a possibility of zerocoin implementation on vertcoin via sidechains as hinted by him earlier.
https://bitcointalksearch.org/topic/m.9632734

No wonder this coin has been under accumulation for so long!

In before polo troll box gets a whiff of this. Wink




Poramin did create vertcoin, but he also created a few other coins that had huge premines and we're deemed scams . He also was caught doing so pretty shady stuff . He was more or less asked to leave vertcoin or pushed out


What coins, what scams and what "pretty shady stuff"? Could you be more specific please? Also, does Poramin know that he is being slagged off so hard by the current "dev team" that he entrusted VTC to? This is a betrayal or a mutiny.
full member
Activity: 161
Merit: 100
VERI AND VERT sitting in a tree, K-I-S-S-I-N-G....no wait, DEAD.

lol
Not yet, still in coma
legendary
Activity: 1120
Merit: 1000
VERI AND VERT sitting in a tree, K-I-S-S-I-N-G....no wait, DEAD.

lol
full member
Activity: 136
Merit: 100
many miners go to zcash, from the standpoint of mining vrt looks good, but price ... and a view of the future looks badly oh badly  Roll Eyes
Zcash does look interesting. I'm waiting for it to settle before I do anything with it. The price started around 1.5 btc and now it's around .2 btc . The creator of vertcoin made that .

Poramin didn't make Zcash (or Zcoin). His former professor at Johns Hopkins, Matthew Green, is an author on both of the papers describing these protocols ( http://zerocoin.org/media/pdf/ZerocoinOakland.pdf and http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf ), Poramin Insom is not. The creator of vertcoin (Poramin) implemented zerocoin, first in a closed source scam called Zerovert, and now later in a hugely instamined coin called Zcoin. He is unaffiliated with Zcash (which is also scammy) afaik.

The closed source 'scam' is explained here:

Quote
When Zerovert was launched in November 2014, it was primarily an experiment and we didn't have any investor backing. We still wanted to protect our work and thus our only choice at that time was to make Zerovert closed source so that it could not be copied. However we quickly realized that in the cryptocurrency world, closed source software made it almost impossible for our project to be vetted and hence taken seriously so we were in a quandary.

Zerovert was originally intended to be part of Vertcoin's ecosystem however Vertcoin's community were not keen on it. Zerovert's also suffered from very poor performance and had huge scalability issues and therefore the project went silent while we figured out how to solve many of the challenges we faced with Zerovert.

We subsequently managed to fix many scalability issues and these changes have been incorporated into Zcoin. Starting afresh with Zcoin allowed strong investor backing from the likes of Roger Ver and allowed us to dedicate ourselves fully to this project rather than a mere experiment. With investor backing we also could finally make our code open source while still protecting our efforts. These considerations were what prompted us to wipe the slate clean with Zcoin instead of continuing with Zerovert which was never intended to be a serious project.

Instamine and founder's reward are pretty different. Instamines are created upfront while founder's rewards are spread across through the time and are transparent. This ensures that the founders cannot cash out immediately and are incentivized to keep development ongoing at least for the duration of the founder's rewards (4 years in Zcoin).

I spoke with Poramin has not ruled out returning to help out with Vertcoin development once he implements some important fixes with Zcoin. He had thought he had left it in good hands with two devs but when those devs moved on with life (working on startup and studying at MIT) Vertcoin's development was stalled. It wasn't the intention to 'abandon' Vertcoin and he spoke to me about how he wanted to implement EVM for Vert when has has time.
legendary
Activity: 910
Merit: 1000
does anyone know why the price VTC exploded last year in June?
Thanks

Chinese pump

Vertcoin and most of the old altcoins that had a big pump in 2014 seemed to get pumped again last year in June. Mintcoin got pumped despite not having a dev. It might have been due to Chinese pumpers. Whoever was responsible must have been quietly acquiring all the coins before they did those pumps.
This one wont be a chinese one, todays total volume is only 5% chinese.
Most of the volume is from Polo nowadays
I too, have witnessed the awesome power of the Chinese markets. On their last pump of Vert, I noticed that the 24hr trade volume on VTC was over half a million pounds. These pathetic Polo pumps aren't even worth tuning into :-/
full member
Activity: 161
Merit: 100
does anyone know why the price VTC exploded last year in June?
Thanks

Chinese pump

Vertcoin and most of the old altcoins that had a big pump in 2014 seemed to get pumped again last year in June. Mintcoin got pumped despite not having a dev. It might have been due to Chinese pumpers. Whoever was responsible must have been quietly acquiring all the coins before they did those pumps.
This one wont be a chinese one, todays total volume is only 5% chinese.
Most of the volume is from Polo nowadays
sr. member
Activity: 295
Merit: 250
does anyone know why the price VTC exploded last year in June?
Thanks

Chinese pump

Vertcoin and most of the old altcoins that had a big pump in 2014 seemed to get pumped again last year in June. Mintcoin got pumped despite not having a dev. It might have been due to Chinese pumpers. Whoever was responsible must have been quietly acquiring all the coins before they did those pumps.
full member
Activity: 241
Merit: 100
does anyone know why the price VTC exploded last year in June?
Thanks

Chinese pump
full member
Activity: 156
Merit: 100
does anyone know why the price VTC exploded last year in June?
Thanks
wgd
legendary
Activity: 1815
Merit: 1005
volumen is one of the most important criterion poloniex, is another's definitely development and view of the future. 2 years, there is no position group, if any.

so please Discuss efficiently, because soon we will trade vrt on yobit: D

many miners go to zcash, from the standpoint of mining vrt looks good, but price ... and a view of the future looks badly oh badly  Roll Eyes
Zcash does look interesting. I'm waiting for it to settle before I do anything with it. The price started around 1.5 btc and now it's around .2 btc . The creator of vertcoin made that .

zcash goes to the correct supply only, so the price quickly drops. Miners went where the money. Vertcoin any added value for 2 years, a year and will be typing to delist poloniex
You think vertcoin is going to delisted from polo ?
If we were gonna get delisted, it would have been done months ago when all the other shitcoins got delisted.
Maybe in the future, who knows but i sure hope not

polo next delist purge can come any time now ... i think this month or dec ... they use to delist coins every 3-6 months
I doubt they would delist vtc. There are times every couple months where the volume is pretty high.
full member
Activity: 241
Merit: 100
many miners go to zcash, from the standpoint of mining vrt looks good, but price ... and a view of the future looks badly oh badly  Roll Eyes
Zcash does look interesting. I'm waiting for it to settle before I do anything with it. The price started around 1.5 btc and now it's around .2 btc . The creator of vertcoin made that .

zcash goes to the correct supply only, so the price quickly drops. Miners went where the money. Vertcoin any added value for 2 years, a year and will be typing to delist poloniex
You think vertcoin is going to delisted from polo ?
If we were gonna get delisted, it would have been done months ago when all the other shitcoins got delisted.
Maybe in the future, who knows but i sure hope not

polo next delist purge can come any time now ... i think this month or dec ... they use to delist coins every 3-6 months
I doubt they would delist vtc. There are times every couple months where the volume is pretty high.
Anyone have a compiled ccminer for a 1050 ti for Windows?
full member
Activity: 241
Merit: 100
many miners go to zcash, from the standpoint of mining vrt looks good, but price ... and a view of the future looks badly oh badly  Roll Eyes
Zcash does look interesting. I'm waiting for it to settle before I do anything with it. The price started around 1.5 btc and now it's around .2 btc . The creator of vertcoin made that .

zcash goes to the correct supply only, so the price quickly drops. Miners went where the money. Vertcoin any added value for 2 years, a year and will be typing to delist poloniex
You think vertcoin is going to delisted from polo ?
If we were gonna get delisted, it would have been done months ago when all the other shitcoins got delisted.
Maybe in the future, who knows but i sure hope not

polo next delist purge can come any time now ... i think this month or dec ... they use to delist coins every 3-6 months
I doubt they would delist vtc. There are times every couple months where the volume is pretty high.
legendary
Activity: 1050
Merit: 1000
many miners go to zcash, from the standpoint of mining vrt looks good, but price ... and a view of the future looks badly oh badly  Roll Eyes
Zcash does look interesting. I'm waiting for it to settle before I do anything with it. The price started around 1.5 btc and now it's around .2 btc . The creator of vertcoin made that .

zcash goes to the correct supply only, so the price quickly drops. Miners went where the money. Vertcoin any added value for 2 years, a year and will be typing to delist poloniex
You think vertcoin is going to delisted from polo ?
If we were gonna get delisted, it would have been done months ago when all the other shitcoins got delisted.
Maybe in the future, who knows but i sure hope not

polo next delist purge can come any time now ... i think this month or dec ... they use to delist coins every 3-6 months
full member
Activity: 161
Merit: 100
many miners go to zcash, from the standpoint of mining vrt looks good, but price ... and a view of the future looks badly oh badly  Roll Eyes
Zcash does look interesting. I'm waiting for it to settle before I do anything with it. The price started around 1.5 btc and now it's around .2 btc . The creator of vertcoin made that .

zcash goes to the correct supply only, so the price quickly drops. Miners went where the money. Vertcoin any added value for 2 years, a year and will be typing to delist poloniex
You think vertcoin is going to delisted from polo ?
If we were gonna get delisted, it would have been done months ago when all the other shitcoins got delisted.
Maybe in the future, who knows but i sure hope not
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