AlexGR, you have it backwards, some darkcoin enthusiasts came into this forum and started preaching darkcoin to us and telling us about how they sold all their vtc for darkcoin, so then obviously we responded to that and then they started asking how we compare vertcoin to darkcoin. Noone here was talking about darkcoin until it was asked of us in the first place. We don't make it a point to talk down or about other coins that have nothing to do with us.
*edit* to be honest I never heard of darkcoin until someone came in here asking about it, then I had to go learn about the coin just to figure out what the fuss was about. I don't really care what other coins are coming out and what their prices are since I truly stand by and support this coin alone (besides btc ofcourse).
Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 211. (Read 1232754 times)
May 15, 2014, 01:46:54 PM
May 15, 2014, 01:44:18 PM
I find it funny that people that are into some other crypto are in this forums consistently trying to downplay our coin. I have never once hung out in darkcoins forum or auroracoin or quark or any coin I wasn't interested in and just started talking down their coin. I have hung out in other coins forums and asked about their model and aspirations and I respected what they said and if I didn't agree that is fine but who are you guys in this forum who are effectively advertising your coin here? We really don't care about darkcoin...
You got it backwards. People wrote some "stuff" about darkcoin to promote vertcoin as superior just a few pages ago:
Quote
Darkcoin:
1) Single developer
2) Closed source (code review for DarkSend is not exist)
3) Many versions of wallet and algorithm of max amount coins
4) Enough effective mining by CPU (hello botnets)
5) Initial orientation for illegal activity, and therefore, no chance of official recognition.
6) Unknown position single developer towards ASICs
Vertcoin:
1) Great team
2) Open source
3) Balanced policy of releases
4) Great community
5) Effective mining by GPU(goodbye botnets)
6) ASICs no pasaran ! Hardwork (new POW algorithm etc.)
1) Single developer
2) Closed source (code review for DarkSend is not exist)
3) Many versions of wallet and algorithm of max amount coins
4) Enough effective mining by CPU (hello botnets)
5) Initial orientation for illegal activity, and therefore, no chance of official recognition.
6) Unknown position single developer towards ASICs
Vertcoin:
1) Great team
2) Open source
3) Balanced policy of releases
4) Great community
5) Effective mining by GPU(goodbye botnets)
6) ASICs no pasaran ! Hardwork (new POW algorithm etc.)
...which are mostly FUD and inaccuracies. Apparently you had no problem then.
Take them 1 by 1:
1) Single developer vs great team. I asked what has the great team of vertcoin developed? How is it possible that a "single developer" has done so much job and Vertcoin has done nothing? I'm giving them an indirect kick in the butt to get things moving. That's not criticism that you should object, but rather welcome. It's what will make your and my vertcoins worth something. Expecting the next pump is not a serious strategy for doing well, in the long-term.
2) Closed source until public release. FUD.
3) Wallets change often because it's a bleeding-edge coin as it transitions from beta to RC to final for DarkSend, masternode payments, DGW3 etc etc. What is that guy saying? That stagnation is better than innovation because the wallet has to change? Wow, such stability, we never do anything, we have one wallet and we are thus better, lol.
4) Argument that goes both ways: Legitimate cpu miners feel excluded with scrypt-N
5) Privacy is not illegal and the argument "I want the government to track me because I do nothing illegal" is stupid / FUD. You don't want your bank account or credit card statement to be online for everyone to see, so why would you want this with your cryptocurrency through a public blockchain?
6) The developer has clearly expressed that Darkcoin will follow the path of Bitcoin. CPU=>GPU=>ASIC. He also said that the hashes are pretty good for ASIC although it'll be probably take time before they are ported.
As you can see the only point is (6). "We want ASIC resistance and we'll hardfork". 1-2-3-4-5 are either FUD or reversed logic and even (6) for DRK is in an air of mist that it's somehow unclear what it'll do, when it's not. For the time being both DRK and vertcoin are ASIC resistant as there are no ASICs.
Quote
just stick to drk m8 couse u dont know whats vtc about
I don't own coins that I don't know what they do.
May 15, 2014, 01:36:30 PM
There's not many coins out there willing to avoid ASICs at all costs. And there is no hash function that would be CPU-mineable and not GPU-mineable.
These scrypt ASICs capable of mining Scrypt-N you speak of, are just smoke right now, we'll judge when we'll see hashrates for Vertcoin, in the meantime Vertcoin is still perfectly ASIC-resistant.
You're asking "what has vertcoin's team developped?" and then "what innovation is there with this coin?", so which one is it ?
Because they obviously developped this new Scrypt-N-Adaptative into this coin, merged-mining, and there are stealth adresses to come, and I might be forgetting stuff.
These scrypt ASICs capable of mining Scrypt-N you speak of, are just smoke right now, we'll judge when we'll see hashrates for Vertcoin, in the meantime Vertcoin is still perfectly ASIC-resistant.
You're asking "what has vertcoin's team developped?" and then "what innovation is there with this coin?", so which one is it ?
Because they obviously developped this new Scrypt-N-Adaptative into this coin, merged-mining, and there are stealth adresses to come, and I might be forgetting stuff.
Scrypt-N is just "tweaked" Scrypt. Merged mining is 3yr old stuff. Stealth addresses are not Vert's invention / innovation, etc etc.
One needs to be able to discern between innovation and snake oil. Mobile wallets and stuff are fancy but they will not make a coin stand out or attract serious money (which will make the price rise and make miners and small time investors happy).
just stick to drk m8 couse u dont know whats vtc about
May 15, 2014, 01:17:22 PM
I find it funny that people that are into some other crypto are in this forums consistently trying to downplay our coin. I have never once hung out in darkcoins forum or auroracoin or quark or any coin I wasn't interested in and just started talking down their coin. I have hung out in other coins forums and asked about their model and aspirations and I respected what they said and if I didn't agree that is fine but who are you guys in this forum who are effectively advertising your coin here? We really don't care about darkcoin...
May 15, 2014, 01:08:16 PM
There's not many coins out there willing to avoid ASICs at all costs. And there is no hash function that would be CPU-mineable and not GPU-mineable.
These scrypt ASICs capable of mining Scrypt-N you speak of, are just smoke right now, we'll judge when we'll see hashrates for Vertcoin, in the meantime Vertcoin is still perfectly ASIC-resistant.
You're asking "what has vertcoin's team developped?" and then "what innovation is there with this coin?", so which one is it ?
Because they obviously developped this new Scrypt-N-Adaptative into this coin, merged-mining, and there are stealth adresses to come, and I might be forgetting stuff.
These scrypt ASICs capable of mining Scrypt-N you speak of, are just smoke right now, we'll judge when we'll see hashrates for Vertcoin, in the meantime Vertcoin is still perfectly ASIC-resistant.
You're asking "what has vertcoin's team developped?" and then "what innovation is there with this coin?", so which one is it ?
Because they obviously developped this new Scrypt-N-Adaptative into this coin, merged-mining, and there are stealth adresses to come, and I might be forgetting stuff.
Scrypt-N is just "tweaked" Scrypt. Merged mining is 3yr old stuff. Stealth addresses are not Vert's invention / innovation, etc etc.
One needs to be able to discern between innovation and snake oil. Mobile wallets and stuff are fancy but they will not make a coin stand out or attract serious money (which will make the price rise and make miners and small time investors happy).
May 15, 2014, 12:45:50 PM
I'm going to smash this whole conversation with the most simplistic explanation that will honestly blow away all technical innovations that people think are what matters the most. ADOPTION CAPABILITY! The average joes out there who are getting into the alt coin space like vertcoins brand, we were the first to openly say NO ASICS! Our logo looks professional, we are not a meme, we have merchant adoption.
We have community, we have consistent dev backing who wish the coin to succeed for all the right reasons and none of the greedy reasons. At the end of the day lets be honest, any clone with the right dev can do just about everything we are doing, but you know what, those other coins don't have our community, they don't have zerofiat and david seaman, they don't have what we have and what we have is more adoption capability due to intangible circumstances that even if other coins do all the technical innovations in a similar way they will not exactly be on par with us.
Hey, in the exotic car world right now there are 3 hyper cars recently released that all decided to involve electric engines in their vehicles all at the same time, LaFerrari, Mclaren P1, and Porsche 918. All 3 can be considered clones from a technological standpoint, the difference is the brand and community that follow each of those cars which makes a situation where all 3 will be highly successful in their industry. Vertcoin is a hypercar and even if other hypercars come along it will not diminish our overall value or potential to be just as successful or more so in the alt coin space!
We have community, we have consistent dev backing who wish the coin to succeed for all the right reasons and none of the greedy reasons. At the end of the day lets be honest, any clone with the right dev can do just about everything we are doing, but you know what, those other coins don't have our community, they don't have zerofiat and david seaman, they don't have what we have and what we have is more adoption capability due to intangible circumstances that even if other coins do all the technical innovations in a similar way they will not exactly be on par with us.
Hey, in the exotic car world right now there are 3 hyper cars recently released that all decided to involve electric engines in their vehicles all at the same time, LaFerrari, Mclaren P1, and Porsche 918. All 3 can be considered clones from a technological standpoint, the difference is the brand and community that follow each of those cars which makes a situation where all 3 will be highly successful in their industry. Vertcoin is a hypercar and even if other hypercars come along it will not diminish our overall value or potential to be just as successful or more so in the alt coin space!
May 15, 2014, 12:43:37 PM
Is there a TDLR summary on what's special about this coin? What sets it apart? Is there anything that makes it better than DRK and DRK's developer?
We're not competing with DRK.
Do your own research and go with whatever is best for you, just don't come back crying later when you have maxed out your credit cards to buy DRK and the bubble bursts right after that
Is there anything in place or planned besides this N-factor component (dont a lot of coins have this now)? Just trying to look ahead and figure out if Vert's sure footing for the next wave.
The basics behind VTC is to keep ASICs away forever, if some manufacturer delivers a Scrypt-N adaptive ASIC then the devs will simply move to another algorythm. ASICs are easy to beat because a lot of research and investment has to be put to create one, so we can simply move on right after they release their ASIC and they will never reach ROI making ASICs for Vertcoin a lost cause.
Haven't other coins adopted this Scrypt-N adaptive factor? Just trying to figure out what makes VTC unique - that seems to be the only secure bet in this market these days.
I just explained it to you, maybe you should just go and buy some DRK.
Im sorry but
The thing that makes VTC unique to me is that its a community built up of miners with good devs. VTC has been pretty stale as of late with innovation however, we will see what the future brings us for now i will continue to hold VTC
Pretty much the same thought here. It has lost the buzz, but i has a good dev group behind it. I am hoping that will amount to something.
May 15, 2014, 12:33:28 PM
There's not many coins out there willing to avoid ASICs at all costs. And there is no hash function that would be CPU-mineable and not GPU-mineable.
These scrypt ASICs capable of mining Scrypt-N you speak of, are just smoke right now, we'll judge when we'll see hashrates for Vertcoin, in the meantime Vertcoin is still perfectly ASIC-resistant.
You're asking "what has vertcoin's team developped?" and then "what innovation is there with this coin?", so which one is it ?
Because they obviously developped this new Scrypt-N-Adaptative into this coin, merged-mining, and there are stealth adresses to come, and I might be forgetting stuff.
These scrypt ASICs capable of mining Scrypt-N you speak of, are just smoke right now, we'll judge when we'll see hashrates for Vertcoin, in the meantime Vertcoin is still perfectly ASIC-resistant.
You're asking "what has vertcoin's team developped?" and then "what innovation is there with this coin?", so which one is it ?
Because they obviously developped this new Scrypt-N-Adaptative into this coin, merged-mining, and there are stealth adresses to come, and I might be forgetting stuff.
May 15, 2014, 12:28:40 PM
Quote
Merged mining.
Innovation = you bring something new. Namecoin was being merged-mined like 3 years ago.
For every claim of a "good dev team" the question should be: Show me what have they developed.
They should be able to demonstrate something. Right?
Yes, I think the last couple months clearly show that it's a "show me" market now - not as much tolerance for promises/platitudes that aren't backed by substance, or for coins that don't have something unique in place or planned.
Exactly. The time where people were joining on 50 news coins per day is over. Now it's you either deliver or you get obliterated. Changing the hash to something else to avoid ASICs is something that ANY coin can do. It doesn't need a "great dev team", just the willingness of a coin creator to do so.
Since ASIC resistance is the main selling point of Vert, it will need to deliver something right there. Perhaps develop a new hash function that is not even GPU-mineable / can't be ASIC'ed. Otherwise its promise to simply change the hash is something that anyone can do.
If it can also do stuff on other fronts, even better. It's unacceptable for top20 coins to still have clone-coin mentality.
it´s nice to see how good vtc is doing today wilh a lot of people need btc to go into DRK. ( BC seems to loose a lot )
ALSO - MON is back on the track - looks like the pools dumped their stock and now we find a price that compares to Nethash and diff
May 15, 2014, 12:13:53 PM
Quote
Merged mining.
Innovation = you bring something new. Namecoin was being merged-mined like 3 years ago.
For every claim of a "good dev team" the question should be: Show me what have they developed.
They should be able to demonstrate something. Right?
Yes, I think the last couple months clearly show that it's a "show me" market now - not as much tolerance for promises/platitudes that aren't backed by substance, or for coins that don't have something unique in place or planned.
Exactly. The time where people were joining on 50 news coins per day is over. Now it's you either deliver or you get obliterated. Changing the hash to something else to avoid ASICs is something that ANY coin can do. It doesn't need a "great dev team", just the willingness of a coin creator to do so.
Since ASIC resistance is the main selling point of Vert, it will need to deliver something right there. Perhaps develop a new hash function that is not even GPU-mineable / can't be ASIC'ed. Otherwise its promise to simply change the hash is something that anyone can do.
If it can also do stuff on other fronts, even better. It's unacceptable for top20 coins to still have clone-coin mentality.
May 15, 2014, 12:06:56 PM
Quote
Merged mining.
Innovation = you bring something new. Namecoin was being merged-mined like 3 years ago.
For every claim of a "good dev team" the question should be: Show me what have they developed.
They should be able to demonstrate something. Right?
Yes, I think the last couple months clearly show that it's a "show me" market now - not as much tolerance for promises/platitudes that aren't backed by substance, or for coins that don't have something unique in place or planned.
May 15, 2014, 11:54:34 AM
Quote
Merged mining.
Innovation = you bring something new. Namecoin was being merged-mined like 3 years ago.
For every claim of a "good dev team" the question should be: Show me what have they developed.
They should be able to demonstrate something. Right?
May 15, 2014, 11:49:40 AM
Quote
DRK isn't favored by miners... it's unprofitable even if you factor in the lower power consumption.
It depends on how much one pays for electricity really. In Europe it can get pretty bad (>0.40$ / kwh).
Do the math and let me know.
No coin is profitable to mine for me (~0.34 euro per kwh). DRK is the least loss-making coin.
You can play around with coinwarz and check different electric prices to see how electricity cost affects profitability.
May 15, 2014, 11:30:58 AM
Some of you who are new here should read one of the latest news articles about us here to get a grasp of our accomplishments, although vertpay is no longer happening but thats fine- http://finance.yahoo.com/news/vertcoin-cryptocurrency-continues-market-expansion-175100313.html
Thanks, and ymer... never mind.
May 15, 2014, 11:29:36 AM
Is there a TDLR summary on what's special about this coin? What sets it apart? Is there anything that makes it better than DRK and DRK's developer?
We're not competing with DRK.
Do your own research and go with whatever is best for you, just don't come back crying later when you have maxed out your credit cards to buy DRK and the bubble bursts right after that
Is there anything in place or planned besides this N-factor component (dont a lot of coins have this now)? Just trying to look ahead and figure out if Vert's sure footing for the next wave.
The basics behind VTC is to keep ASICs away forever, if some manufacturer delivers a Scrypt-N adaptive ASIC then the devs will simply move to another algorythm. ASICs are easy to beat because a lot of research and investment has to be put to create one, so we can simply move on right after they release their ASIC and they will never reach ROI making ASICs for Vertcoin a lost cause.
Haven't other coins adopted this Scrypt-N adaptive factor? Just trying to figure out what makes VTC unique - that seems to be the only secure bet in this market these days.
I just explained it to you, maybe you should just go and buy some DRK.
Im sorry but
The thing that makes VTC unique to me is that its a community built up of miners with good devs. VTC has been pretty stale as of late with innovation however, we will see what the future brings us for now i will continue to hold VTC
Appreciate the direct and honest answer.
May 15, 2014, 11:13:55 AM
Is there a TDLR summary on what's special about this coin? What sets it apart? Is there anything that makes it better than DRK and DRK's developer?
We're not competing with DRK.
Do your own research and go with whatever is best for you, just don't come back crying later when you have maxed out your credit cards to buy DRK and the bubble bursts right after that
Is there anything in place or planned besides this N-factor component (dont a lot of coins have this now)? Just trying to look ahead and figure out if Vert's sure footing for the next wave.
The basics behind VTC is to keep ASICs away forever, if some manufacturer delivers a Scrypt-N adaptive ASIC then the devs will simply move to another algorythm. ASICs are easy to beat because a lot of research and investment has to be put to create one, so we can simply move on right after they release their ASIC and they will never reach ROI making ASICs for Vertcoin a lost cause.
Haven't other coins adopted this Scrypt-N adaptive factor? Just trying to figure out what makes VTC unique - that seems to be the only secure bet in this market these days.
I just explained it to you, maybe you should just go and buy some DRK.
Im sorry but
The thing that makes VTC unique to me is that its a community built up of miners with good devs. VTC has been pretty stale as of late with innovation however, we will see what the future brings us for now i will continue to hold VTC
Merged mining.
May 15, 2014, 11:10:30 AM
Is there a TDLR summary on what's special about this coin? What sets it apart? Is there anything that makes it better than DRK and DRK's developer?
We're not competing with DRK.
Do your own research and go with whatever is best for you, just don't come back crying later when you have maxed out your credit cards to buy DRK and the bubble bursts right after that
Is there anything in place or planned besides this N-factor component (dont a lot of coins have this now)? Just trying to look ahead and figure out if Vert's sure footing for the next wave.
The basics behind VTC is to keep ASICs away forever, if some manufacturer delivers a Scrypt-N adaptive ASIC then the devs will simply move to another algorythm. ASICs are easy to beat because a lot of research and investment has to be put to create one, so we can simply move on right after they release their ASIC and they will never reach ROI making ASICs for Vertcoin a lost cause.
Haven't other coins adopted this Scrypt-N adaptive factor? Just trying to figure out what makes VTC unique - that seems to be the only secure bet in this market these days.
I just explained it to you, maybe you should just go and buy some DRK.
Im sorry but
The thing that makes VTC unique to me is that its a community built up of miners with good devs. VTC has been pretty stale as of late with innovation however, we will see what the future brings us for now i will continue to hold VTC
May 15, 2014, 11:06:19 AM
Some of you who are new here should read one of the latest news articles about us here to get a grasp of our accomplishments, although vertpay is no longer happening but thats fine- http://finance.yahoo.com/news/vertcoin-cryptocurrency-continues-market-expansion-175100313.html
May 15, 2014, 10:40:28 AM
Is there a TDLR summary on what's special about this coin? What sets it apart? Is there anything that makes it better than DRK and DRK's developer?
We're not competing with DRK.
Do your own research and go with whatever is best for you, just don't come back crying later when you have maxed out your credit cards to buy DRK and the bubble bursts right after that
Is there anything in place or planned besides this N-factor component (dont a lot of coins have this now)? Just trying to look ahead and figure out if Vert's sure footing for the next wave.
The basics behind VTC is to keep ASICs away forever, if some manufacturer delivers a Scrypt-N adaptive ASIC then the devs will simply move to another algorythm. ASICs are easy to beat because a lot of research and investment has to be put to create one, so we can simply move on right after they release their ASIC and they will never reach ROI making ASICs for Vertcoin a lost cause.
Haven't other coins adopted this Scrypt-N adaptive factor? Just trying to figure out what makes VTC unique - that seems to be the only secure bet in this market these days.
I just explained it to you, maybe you should just go and buy some DRK.
May 15, 2014, 10:37:08 AM
Is there a TDLR summary on what's special about this coin? What sets it apart? Is there anything that makes it better than DRK and DRK's developer?
We're not competing with DRK.
Do your own research and go with whatever is best for you, just don't come back crying later when you have maxed out your credit cards to buy DRK and the bubble bursts right after that
Is there anything in place or planned besides this N-factor component (dont a lot of coins have this now)? Just trying to look ahead and figure out if Vert's sure footing for the next wave.
The basics behind VTC is to keep ASICs away forever, if some manufacturer delivers a Scrypt-N adaptive ASIC then the devs will simply move to another algorythm. ASICs are easy to beat because a lot of research and investment has to be put to create one, so we can simply move on right after they release their ASIC and they will never reach ROI making ASICs for Vertcoin a lost cause.
Haven't other coins adopted this Scrypt-N adaptive factor? Just trying to figure out what makes VTC unique - that seems to be the only secure bet in this market these days.
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