Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 284. (Read 1232734 times)

To the community:

The following commentary is not so much for you, as you already know and understand the points it makes. It is something for the general population outside crypto, so please feel free to pass it along via blogs or other social media. And good news:
Reuters decided to post my article. Cool! See comment section immediately below this big piece on Bitcoin: http://www.reuters.com/article/2014/03/20/bitcoin-future-idUSL3N0MH0AD20140320

Real glad to keep getting the word out on Crypto and the precious few truly outstanding coins, including Vertcoin, which is mentioned here alongside Bitcoin, Litecoin and Blackcoin. The four pillars of Cryptocurrency, imho. Anyway, please consider tweeting the shit out of the link, above.

A few thoughts on Digital Currency:
Perhaps some of you heard about Warren Buffett's recent dismissal of Bitcoin as 'a mirage'. Funny, my first reaction to that was that he's just too old to understand what it is and what it may imply for the future of money. Now I'm pondering whether he actually had to reject it, vehemently, because of the extent to which he feels threatened by it. Most people, himself included, are very invested in the illusion of the dollar and/or their own respective government-backed currencies. The more people there are who understand what Bitcoin is, the more that illusion frays at the edges and begins to come undone.
I've been reading up a little on Gresham's law. Fascinating stuff. Sir Thomas Gresham was a sixteenth-century financial agent of the English Crown. The 'law' had been formulated a generation earlier by Copernicus, in a treatise called Monetae Cudendae Ratio. This is the crux of it: "bad (debased) coinage drives good (un-debased) coinage out of circulation." Gresham used this to explain to the Queen (Elizabeth 1) the reason for the miserable state into which the English Shilling had fallen. To quote a historian whose name I didn't happen to note down:
"The statement was part of Gresham's explanation for the "unexampled state of badness" England's coinage had been left in following the "Great Debasements" of Henry VIII and Edward VI, which reduced the metallic value of English silver coins to a small fraction of what it had been at the time of Henry VII. It was owing to these debasements, Gresham observed to the Queen, that "all your fine gold was conveyed out of this your realm."
The connection I'm proposing here is that Bitcoin is, and is increasingly perceived to be, 'good' currency, while the dollar and other fiat currencies are increasingly perceived as 'debased'. This kind of thinking is still not widespread enough to have the disruptive impact it might have someday soon. But it has gained a lot of ground lately, enough to cause (in combination with a few other factors) Bitcoin valuation to rise from $25 to as high as $1,200 within a year.
Some may object that the parallel I'm drawing doesn't hold because, where (for instance) gold has 'intrinsic value', Bitcoin does not have it (or is presumed by Buffett and others not to). But what is 'intrinsic value'? I mean, yes, gold may have uses in old-school dentistry and in the making of pretty objects, but that hardly justifies the notion of value independant of the subjective, emotional consensus, "gold is precious". Still less does it confer any substance on the dollar, whose relationship to gold is but a distant memory. One might actually make a better argument that Bitcoin and its digital offspring, the 'altcoins', e.g., Litecoin, Blackcoin, Vertcoin etc., have more 'real' or 'intrinisic' value. Digital does what it does extremely well. The utility of it is tremendous. The intelligence and other resources that allow it to exist and function are tremendous (computing-power, among other things). And it cannot be minted arbitrarily in endless reams of paper at the whim of a central bank.
Others may object that while Gresham was speaking about currency, i.e., different grades of shilling within the realm, Bitcoin and the 'alts' are not currency. But this is just semantic quibbling. The mindless refrain of newspaper columnists lately has been that currency must be mandated by government, a qualification Bitcoin and the others lack. Meaning, it's not currency unless government says it is. I would say that it becomes currency in virtue of being used as such. Which it already is. By real people, in real commerce.
Anyway, we'll see how it all plays out. We may see a time when people try as hard as possible to palm off their dollars to anyone who still tolerates them in exchange for goods and services, while seeking to receive digital currency whenever possible -- to collect or spend in international trade where it's the only currency-form that is taken seriously at all. I believe we may be heading that way.

never sell on lower than you bought (if you bought) if you are mining, just look on LTC and BTC history, started on very low prices, went up and down many times, but in long run there was totally upgoing trend, i am miner and not trader, and I prefer sure than risk, but in vertcoins I believe that in summer I will be glad that I didnt sold

or sell half for LTC, or BTC if you trust one of them more, and half hold in VTC and you will see what will happen

I have a RHEL server and tried to use the pooler-cpuminer 2.3.3. I traced a link which said it would work for vertcoin, but all im getting is "boooo"

[2014-03-24 14:15:52] accepted: 0/59 (0.00%), 328.24 khash/s (booooo)

I don't know that I can build from source as suggested (no experience) so I was hoping to find a working RHEL X64 binary. If this one doesn't work, is there another?
I got to the pooler-cpuminer from the following reference:
-----
https://github.com/Bufius/cpuminer-vert
-----
This is a multi-threaded CPU miner for Vertcoin,
fork of Jeff Garzik's reference cpuminer.

License: GPLv2.  See COPYING for details.

Downloads:  https://sourceforge.net/projects/cpuminer/files/
Git tree:   https://github.com/Bufius/cpuminer-vert

Bah, went to join p2p but the latency site seems to be down too. Has anyone heard any updates or perhaps have some inside info?

Looks like my shares are still getting through so not worried but after messing with my sets I really just need to verify that the shares are being registered.

and whats the highest profit coin atm?

Hello all,

We have added VertCoin to CryptoALTeX for trading.

We are working on adding quality coins along with new prospect coins, suggestions are always welcome.

https://www.cryptoaltex.com/index.php?page=trade&market=29


Also please check out our voting list and recommend coins you feel should be on the list and use your free vote daily for any coin you feel should get listed, www.cryptoaltex.com/index.php?page=newcoin


If you have any issues we are very active on irc.freenode.net #cryptoaltex and we generally get to tickets within the hour so feel free to enter requests, questions, issues etc at https://cryptoaltex.freshdesk.com

Thanks all!

Chiznitz

VTC now supported: http://www.cryptodechange.com/ 

So sad, I just got my 6 280x's working on one rig and wanted to sit and look at vertco.in dashboard for a bit feeling good about myself. Now I can't see anything

Hopefully they get it fixed soon.

I can send you some jeez 

Damn when I read from someone saying they just sold 4k vertcoins like nothing I always look at my meager 20 vertcoins and go "damn, people have thousands? These guys need to send me some jeez" lol.

Yep

Anyone else getting a blank screen from vertco.in?

Here you go, 270x config:

setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_USE_SYNC_OBJECTS 1
vertminer --scrypt-vert -o stratum+tcp://xxxxxxx:3333 -u xxxxxxx  -p xxxxxxxx  -w 256 -I 19 -g 1 --thread-concurrency 12288 --shaders 1280 --gpu-engine 1100 --gpu-memclock 1500 --lookup-gap 2 --temp-target 75 --temp-cutoff 85 --temp-overheat 82 --gpu-powertune -20

This should give you around 220-230 kh/s, plug in the url for the pool, username and password and you are good to go.

p.s. this is for vertminer
p.p.s. if your card can't handle the 1100mhz for CPU core, try lowering the --gpu-engine 1100 value to lower

I give up, I suck at this so hard... I just don't get it. Should I put something in conf file and also bat file?

I do not know what to do in the flexible market, says hold but how to do it
a lot of people selling ... fear .... but I think this is not for cowards

will hold a little more but if you continue down I will sell

I do not know what to do ... I lose money

+1

Will switch to the highest profit coin and buy VTC.

You will find all answers here (https://bitcointalksearch.org/topic/the-big-vtc-vertcoin-settings-thread-416572). You can download the official vertcoin software for mining from www.vertcoin.org , I am sure there are links on the first page of this thread as well.

+1 I think so too! stay strong, vertans!

In my oppinion if we mine now, and continue mining even price go down, we will see in some weeks, and months that it was very good choice,

mybe sometimes can be better to mine LTC and trade for VTC if its profitable, but in both options we will be rewarded.

what I want to say, Dont panic, or be stressed to much with temporary down trends  

yea good luck with that ...

as if ppl didnt learn the mtgox lesson.

Price is taking a dive. Sell now and buy cheaper later. I just dumped 4k vtc and already made a profit cuz of depreciation