Vertcoin - 1 | ASIC - 0 | Lyra2RE | Decentralised | GPU Mineable | Open Source - page 55.

silencesilence

legendary

Activity: 1120

Merit: 1000

Why Vertcoin (VTC)
1. NO PREMINE
2. NO IPO
3. ASIC resistant
4. LYRA2RE has a ~15% power usage reduction on X11
5. FIRST STEALTH ADDRESSES in the world
6. MAX COINS: 84 million VTC
7. BLOCK TIME: 2.5 minutes
8. MANY POOLS and EXCHANGES
9. 2 YEARS CONTINUOUS DEVELOPMENT

10..... ELASTICITY is on the way

STAY TUNED

Grin

mik_druid

full member

Activity: 159

Merit: 100

Is the project being developed?

silencesilence

legendary

Activity: 1120

Merit: 1000

Why Google Chrome block this url -> https://vertcoin.org/downloads/Vertcoin_Lyra2RE_Paper_11292014.pdf

zzzman20

full member

Activity: 175

Merit: 100

Quote from: silencesilence on January 04, 2016, 02:20:02 PM

Quote from: volyova on January 03, 2016, 08:39:41 AM

Quote from: Exoskeleton on January 02, 2016, 05:41:01 PM

Quote from: volyova on December 28, 2015, 05:15:23 AM

Quote from: wikenpp on December 26, 2015, 04:50:45 PM

Quote from: kold678 on December 26, 2015, 04:34:15 PM

well hope we see a little more price action soon as its hard to trade with current volume... maybe there is a pump incoming Roll Eyes

Just wait long enough, eventually we will see another pump like we did see a couple of months ago.
For some reason vertcoin has become a pump & dump coin, investors lost their confidence clearly.

What would somebody want with six million Vertcoins? Discuss.

You hold 1/4 the coins at that point.

Lets just say you come out with something that everyone wants, or at least a group of people need, and you only take Vertcoin as payment. And you keep holding the incoming coins. Or lets say you just buy most of the available coins left and keep mining tough with 100+ GPUs, all the while doubling (or more) the hashrate by purchasing a massive amount of power from nicehash. Then you can keep a lot of the created coins and keep buying the inventory. Eventually your only left with holders and those who can only mine a tiny amount of coins for a very high cost and won't sell for cheap anymore.

Imagine if you had a whole group of well funded people doing any the above together.

You could also just inflate the volume on a bunch of exchanges by buying a lot and moving the coins around making a massive pump, but instead of dumping (you cant dump 6 million coins...) you sustain the pump by one of the means listed above.

I've been thinking about offering a ton of bounties to get the attention back on this coin again. Its my favorite coin, I've been mining and buying since almost day one, and I hold a fair share. Its in my best interest and that of many others to bring this coin back into the spotlight. But not until we get all the floating coins for dirt cheap first. No need to start the wave too soon. We have plenty of time. Wink

BTW. With the Vertcoin price being way below the cost to mine its a great time to have a strong accumulation phase right now. I picked up another hundred thousand or two for a few BTC this last week or so. If it goes down lower or stays this low I'm going to keep mining other coins and converting to Vert because I think we can easily go 10X higher than this again given the right push in the future. Me and some friends/contacts have a few plans in the works...

So really what you are saying is that, if someone has six million Vert then, at some point a pump must be inevitable?

1/4 from all Vertcoin in 1 address -> it's dangerous for every coin

Could that 1 address be Cryptsy?

gotchay

newbie

Activity: 21

Merit: 0

Sorry guys, I sold my coins a few months ago, turned off my miner, and stopped running a full node. Should've cashed out when it hit $0.50 due to the pump but missed that opportunity.

I really do hope to see this coin succeed but without a team of developers I don't see this happening. Good luck to all the Verters out there and thanks for the memories.

jwinterm

legendary

Activity: 3164

Merit: 1116

Quote from: djnocide on January 15, 2016, 04:35:52 PM

Quote from: volyova on January 15, 2016, 02:17:45 PM

Ok, who lost Vertcoins at Cryptsy?

Not completely lost, cryptsy is not yet close, there's still a little bit of chance for this exchange to come back

Nah, it ded,

djnocide

legendary

Activity: 1164

Merit: 1000

Einsteinium Foundation Board Member and Treasurer

Quote from: volyova on January 15, 2016, 02:17:45 PM

Ok, who lost Vertcoins at Cryptsy?

Not completely lost, cryptsy is not yet close, there's still a little bit of chance for this exchange to come back

volyova

legendary

Activity: 910

Merit: 1000

Ok, who lost Vertcoins at Cryptsy?

avensen

member

Activity: 71

Merit: 10

Quote from: kold678 on January 12, 2016, 10:57:32 PM

will site be back up soon
Huh

vertcoin.org works fine now.

kold678

sr. member

Activity: 240

Merit: 250

will site be back up soon
Huh

altcointrader25

newbie

Activity: 42

Merit: 0

Quote from: volyova on January 05, 2016, 12:26:41 PM

Quote from: jwinterm on January 05, 2016, 11:29:49 AM

Quote from: volyova on January 05, 2016, 08:50:54 AM

https://1broker.com/m/r.php?i=8768 https://www.bitfinex.com/?refcode=JuvbcI1CzI https://www.bitmex.com/register/f1qY9q https://www.okcoin.com/?invid=2076079 https://simplefx.com/?sfx-r=fb817c64-a4af-4d28-9d5e-8eb918121483 https://bit4x.com/invite/2c724af5 https://localbitcoins.com/?ch=4vi3 https://www.quadrigacx.com/?ref=jsmu1vwd8mir1a35fa67ogwb https://primedice.com/?ref=CarlJeff https://purse.io/?_r=B2Z_KK

Quote from: silencesilence on January 04, 2016, 02:20:02 PM

... 1/4 from all Vertcoin in 1 address -> it's dangerous for every coin

Why?

It's kind of strange more than anything else. Almost like a trophy for someone. I don't think it's really dangerous, per se, but I think it is kind of off-putting to people considering buying/mining/using Vertcoin - why would you want to use a "currency" when one single address holds 25% of all that exist. It's possible it is an exchange's cold wallet address, but I've had people tell me that's not the case. It would be trivial for the owner to split the massive sum into many smaller addresses, giving the illusion of a broader distribution of the coin, but they choose not to do that, which is why I said maybe it is like a trophy for someone.

Someone is being honest about what they are doing. It's a strange concept in the money markets, isn't it?

Pumpstribution!

sammy007

legendary

Activity: 1904

Merit: 1003

vertcoin.org expired.

TheCoinFinder

legendary

Activity: 938

Merit: 1001

Quote from: BITCOINDENMARK on December 28, 2015, 09:12:53 AM

I send 2 coins to my webwallet; https://wallet.coinme.ca yesterday...nothing.
Is it still working ?

No, this one hasn't worked since the original fork waaaay back when.

I therefore set one up since that works fine (and has done since):

https://wallet.thisisvtc.com

Its a trustless wallet in that the system never stores your private key (so don't lose your password as I can't access the coins!)

volyova

legendary

Activity: 910

Merit: 1000

Quote from: threedream on January 07, 2016, 04:17:08 AM

When prices rise back ?

Make a wish.

threedream

sr. member

Activity: 364

Merit: 250

Stand up , Stand up , Stand up !

When prices rise back ?

volyova

legendary

Activity: 910

Merit: 1000

Quote from: jwinterm on January 05, 2016, 02:08:40 PM

Quote from: pallas on January 05, 2016, 11:56:42 AM

Show me a coin which doesn't have such a distribution.
Or a fiat currency :-)
That's how things work in this world.

C'mon, 25% in a single address. That's like Warren Buffett owning the entire state of California or something.

Actually, he owns 51% of California. Cheesy

jwinterm

legendary

Activity: 3164

Merit: 1116

Quote from: pallas on January 05, 2016, 11:56:42 AM

Show me a coin which doesn't have such a distribution.
Or a fiat currency :-)
That's how things work in this world.

C'mon, 25% in a single address. That's like Warren Buffett owning the entire state of California or something.

volyova

legendary

Activity: 910

Merit: 1000

Quote from: jwinterm on January 05, 2016, 11:29:49 AM

Quote from: volyova on January 05, 2016, 08:50:54 AM

Quote from: silencesilence on January 04, 2016, 02:20:02 PM

...

1/4 from all Vertcoin in 1 address -> it's dangerous for every coin

Why?

It's kind of strange more than anything else. Almost like a trophy for someone. I don't think it's really dangerous, per se, but I think it is kind of off-putting to people considering buying/mining/using Vertcoin - why would you want to use a "currency" when one single address holds 25% of all that exist. It's possible it is an exchange's cold wallet address, but I've had people tell me that's not the case. It would be trivial for the owner to split the massive sum into many smaller addresses, giving the illusion of a broader distribution of the coin, but they choose not to do that, which is why I said maybe it is like a trophy for someone.

Someone is being honest about what they are doing. It's a strange concept in the money markets, isn't it?

pallas

legendary

Activity: 2716

Merit: 1094

Black Belt Developer

Show me a coin which doesn't have such a distribution.
Or a fiat currency :-)
That's how things work in this world.

volyova

legendary

Activity: 910

Merit: 1000

Quote from: jwinterm on January 05, 2016, 11:29:49 AM

Quote from: volyova on January 05, 2016, 08:50:54 AM

Quote from: silencesilence on January 04, 2016, 02:20:02 PM

...

1/4 from all Vertcoin in 1 address -> it's dangerous for every coin

Why?

It's kind of strange more than anything else. Almost like a trophy for someone. I don't think it's really dangerous, per se, but I think it is kind of off-putting to people considering buying/mining/using Vertcoin - why would you want to use a "currency" when one single address holds 25% of all that exist. It's possible it is an exchange's cold wallet address, but I've had people tell me that's not the case. It would be trivial for the owner to split the massive sum into many smaller addresses, giving the illusion of a broader distribution of the coin, but they choose not to do that, which is why I said maybe it is like a trophy for someone.

Or a message.

Topic: Vertcoin - 1 | ASIC - 0 | Lyra2RE | Decentralised | GPU Mineable | Open Source - page 55. (Read 415470 times)