Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 330. (Read 1232738 times)

Somebody needs to pay the electricity.
It will give you less seller remorse if the coins you are selling is not going to jump 40x tommorow.
I mean I sold 500 vtc for 0.1 btc,  and it jumped next week, imagine my feeling then it's much better if it's some other junk alt you know.

Thanks for noticing, changed to http://www.zazzle.com/vertcoin_vtc_ringer_t_shirt-235668423409619666

All alt sucks now, so what's the point of jumping back and forth, especially if you believe in the coin.

the Old VERTCOIN LOGO ?!???

what happens to the price, the difficulty is too large for this price

I'll be back in a few days mining now go to my other coin

Actually, it's a shame they don't accept VTC as payment. Now I am upset I bought it from this store. Ahh

Ok, paying so much attention to vertcoin that it was time to get a t-shirt

http://www.zazzle.com/vertcoin_ringer_t_shirt-235207221773397695

which forecasts for the Vertcoin this year?

No API can magically code answers to regulatory issues. You want to play with fiat, you play by fiat rules, or you get sent to prison.

You still need to include the account information for where the money goes. At some point your exchange is going to have to actually operate as an exchange (i.e. dollars taken in, coins given out), and any service that does so will need to comply with all relevant legislation.

It's neither controversial nor a solution. It's precisely the same problem, just drawn with the exchange missing and a question mark in its place.

You are misunderstanding the nature of the problem. Code isn't the issue; dealing with financial regulators and complying with anti-money laundering laws is the issue.

The Bitcoin protocol (from my understanding) has the ability to manage more things than just financial transactions; we could develop it to handle an exchange API to do this.

It would meant that the only issue would be (like you said) handling the FIAT currency; could this not be completed via P2P transfers on the network?

So for example: User 1 logs into his Vertcoin-qt wallet and fills in his bank details, he asks for X number of Vertcoins. The money is taken from his bank account and put into the P2P network.

Now at this point you still have the issue of a single point to where the money enters the network, through a single bank account on a single exchange. But what if the money was deposited in small amounts via multiple bank accounts?

This would mean when a user signs up for Vertcoin-qt they would allow a small amount of money to be sent to and received from their FIAT bank accounts; this would create the chain required to decentralise the network. This needs to be a small quantity of money to remove concern and suspicion from the account holder, but the transactions need to be variable in value to avoid trends that can be picked up by the banks.

It may be controversial, but it is the solution to the single exchange issue.

The money is put into escrow on the P2P networks and selects the top buy order on the P2P exchange.

The Vertcoins are transferred and the Fiat money is released from escrow to the seller.

I understand that this would be a significant undertaking in terms of programming but I think in the long term it would be worth it.

Leigh.

Because dollars, Euros etc aren't decentralised cryptocurrencies and can't be traded as such without some bridge to fiat, which intrinsically results in mandated centralisation/trust and acceptance of regulation. To put it another way: where, exactly, would your dollars come in? Where would they come out? Via what payment processor?

Both of these introduce unnecessary security risks.

Re: mining and ease of use, often such questions spring from a misconception that all users of a cryptocurrency should also be miners; this is not necessary and could potentially weaken the network's security by driving dedicated mining operations away and leaving hashing in the hands of casual users whose uptimes and hashrate may be erratic and unpredictable (they may go offline en masse when the Superbowl is on, opening up the network to a 51% attack, just as a silly little hypothetical example). The purpose of mining is to secure the network - the coin reward is there to incentivise sufficient computing power to be reliably, dependably present and working correctly at all times. Making "user-friendly" one-click mining applications is to me like putting training wheels on a racing bike; it doesn't hurt, per se, but if you need that kind of help then you're in the wrong game.

Vertcoin on Coinader.com now

Great!

Trade Talk + Developer AMA Details (March 5, 2014):

http://www.reddit.com/r/vertcoin/comments/1zmea1/trade_talk_developer_ama_details_march_5_2014/

Absolutely awesome ideas.

keep getting gpu failure when trying out the vert cgminer on a vertpool. What change should i make in my conf file? it works perfect on regular scrypt with the standard cgminer

Very nice!

Updated Vertcoin Coin Images

This is an updated version of the Vertcoin Coin,

These images are free to distribute and use by anyone as long as I have credit for the image (please use my username: lnpurnell)

The reason I chose the gold base for coin was to complete with Bitcoin and not be a silver (2nd place) coin i.e. Litecoin.

https://i.imgur.com/M3oPWpp.jpg

https://i.imgur.com/L9ZSSFh.jpg

https://i.imgur.com/46rGUjJ.jpg

https://i.imgur.com/hldxldv.jpg

https://i.imgur.com/r1aXAx5.jpg

Thanks,

Leigh.

Simplifying Vertcoin (and wallet)

I thought I would repost this here from the Vertcoin Reddit thread.

Hi all,  

If you are invested in crypto-currencies, you will already have an understanding to how this 'virtual' currency can hold a intrinsic value in comparison to 'real' money. You will also understand (at least in principle) the major benefits that this form of currency has over FIAT money and the current disadvantages and security concerns involving crypto-currency.

You will also have an understanding of how to convert you money through exchanges to buy the currency you want. The main issue with this is that a 'layman' person in the real world does not want the complication of having to go through depositing money, finding the best rate on the exchange, transferring that money from the exchange wallet and then finally placing the money into a 'virtual' wallet. All this is multiple steps and multiple points of potential mistakes that people just don't want the hassle of.

What if we (Vertcoin) start to simplify the world of crypto-currency to a point where anyone of your family members can understand and start using this currency in a very short time frame?

There are several barriers for entry for crypto-currencies to the major population at present:

-The ability to buy and sell to and from FIAT currency
-The instability of the market and resolving fluctuations
-The limited understanding of the processes, technologies and operations of all crypto-currencies from a layman point of view
-The ability to pay for products/services via crypto-currency

I am going to focus on the following two as the other barriers have already been looked at:

-The ability to buy and sell to and from FIAT currency
-The limited understanding of the processes, technologies and operations of all crypto-currencies from a layman point of view

One of the first major steps is to simplify the process of exchanges. New features need to be added to the Vertcoin-qt wallet to simplify the buying, selling, mining and general operation of the currency.

There should be a tab on Vertcoin.qt that enables customers to buy from the wallet, there should just be one figure which displays the 'top buy bid' from an exchange to enable immediate transactions. (Why isn't there an exchange built into vertcoin.qt that utilises P2P to remove the need of centralised exchanges?) This way people do not need to sign up to a separate exchange, rely on trust of that company (mtGox?) and learn the way of the buying and selling on an exchange.

The next part is mining; when we at Vertcoin are asking people to move away from centralised mining pool and on to P2P; we should integrate this feature into the Vertcoin wallet client and reduce the steps of setting up P2P pools. Just think of window in the software that has a version of BAMT that had pre configured mining settings for GPU's and can show trends of the mining information, can auto select P2P pools based on % of pool hash rate and select the lowest fee P2P pools.

The ability to add cold storage private keys to the wallet should be simplified. There should be a button on the UI to allow this. There also should be a option to generate cold storage wallets for users ( I understand this is hard without security issues); it could launch a version of chrome OS and a pre configure HTML page to generate them.

There should be an auto-backup feature to Dropbox or Google drive if the file is encrypted.

I would like to get the discussion going on how we can improve the Vertcoin qt software and simplify the whole process of using crypto-currencies without the use of centralised companies.

Leigh.

You should totally sue the person who held your arm behind your back and made you pay for those rigs...

It is particularly ironic that you're complaining about "greedy fuckbag mining farms". You're doing exactly the same thing they are.

You knew the risks. At least, you should've known - if you didn't, you shouldn't have blown your savings on this stuff in the first place. And really, if you can't get more than 50% of what you paid for your cards by reselling them on ebay then you must've been ripped off something fierce when you bought them.

Caveat emptor.

I tried using vertmainer but without success, then I switched to a modified CGminer. I am posting here a link to CGgminer that I use on my rig with 4 R9 290 graphics cards . Do not forget to change the settings in cgminer.conf and vertminer.bat files:

https://dl.dropboxusercontent.com/u/99436887/Vertcoin-CGMinerAleksNR3.zip

https://db.tt/rktEodqk vertminer 0.5.3