Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 53. (Read 1232701 times)

Im talking about valuation which most (not all) people are concerned about.

A miners coin is by default a "easy" gateway to access BTC by the common person. This will, by its very nature, have a constant downwards pressure on the value of that coin aside from the occasional pump.

In terms of adoption, lets be realistic. No other mainstream coin will usurp BTC at least for the time being. If something does down the line, it will be something that is new and not out on the market yet. Anyone who says that VTC can gain adoption is naive. What evidence is there that that is even a remote possibility?  What is being done on that front? nothing. There have been 2-3 major pushes in the last ~11 months and the best that could be done is coffee, hotsauce and games. The closest we came to a concerted effort on that front was Vertpay, which was a clusterfuck. And a few months later that team (who are well known in the crypto community) even said that it probably would not have worked after they did some research, there is not enough demand in the outside market. The only merchant adoption that is possible is through something like moolah or its equivalents, which is meaningless if that service allows for 10 other coins besides Vert.

BTc is "mainstream" and that wont change, no coin has the resources to challenge its community, headstart and expertise, things like ethereum might/might not work, and there will be a niche for a good anon coin. Vtc droppped the ball on the last point.

turtoro, i like your critical statements because they are realistic and show what you really think.

But i would not say that "a miner's coin" is automatically useless for merchant adoption and daily business.

Ummm, what exactly is Vtc then? Vtc is strictly a miners coin and thats it. It WILL not get merchant adoption to any  levels, so sx addresses are not even useful (which were useless anyway because its "anonymity lite"), but thats what everyone decided to go for back a months ago. A half measure is meaningless. Sx addresses were a neat novelty, but are absolutely useless. Stop making Vtc out to be a "privacy coin", it is simply not.

Miners coin=mine and sell. Why people are assuming an algo change is going to cause a huge spike in price is beyond me. It might stabilize at a slightly higher rate than the 0.05$ its at now, but not by much. And if it does start to go up a few percentage points, the market will be flooded by people dumping their holding trying to find an exit.

Zerocoin should have been added to vert, Vert should have been made a full out anon coin, the desicion made in the Spring to not do so was the biggest mistake in Verts existence.

Is there a projected difficulty when the coin is available to mine on Lyra2RE? it's being forked correct?

Not too far away, it will happen soon

yes. mid - december seems to be final date!

Just showing my Vertans some love 

Thanks!!

I've been hearing mid-December lately.

Does anyone know when they are gonna change the algo?

Yes changing the algo doesn't make you coin better. Look at Feathercoin. Everyone was hoping that changing the algo will affect the price. And the result ? A picture worths more than 10k words:
http://coinmarketcap.com/currencies/feathercoin/#charts

As long as there's innovation in a coin, there's a chance for it to succeed in the future.

there is 3-4$ for Litecoin long period, so LTC daily inflation is at least 86 k$
there is 0.05$ for Vertcoin long period, so VTC daily inflation is about 1.5 k$ (i.e. "nothing")

Litecoin has lack of innovation and spiral of death risk - due to centralisation ("ASIC Wars" seems to be announced already)
Vertcoin is going to change old PoW for modern, best ASIC resistant PoW.


Vertcoin was born as "better Litecoin"...
- so, who knows... - there is a chance to be seriously surprised in the future...

I meant the inflation is a feature, to keep coins cheap for several years and (hopefully) allow for broader adoption.

I'll simplify it for you: An algo change as a FEATURE (remaining ASIC resistant) isn't enough on its own to justify any price increases without further demand. Period.

As for the Monero thread, if false shit is going to be spread, it's going to be commented on. But keep going, we can dance circles if you want.

What part of "it's a feature not a bug" do you not understand?

Also, didn't mean to jump on you about darkcoin, I just remembered seeing you in some monero thread(s) recently "not talking trash", so I thought I'd use darkcoin as a contrasting example to vert.

Worry not, I was naive to think I could do it at this stage.

Probably wasn't a good starting OpenCL project haha. I'll let you know if we run into any problems, thanks for the offer.

I'm not handling the miner anymore, we have more experienced people working on it. Because as you say it was "awful" .

I didn't come in talking about DRK, I am simply stating a fact that until demand can match or exceed supply, downward pricing action will prevail. Since you brought up DRK, I don't think anyone in the DRK camp is happy about the issues with the instamine but it has been beaten to death that those coins have long since been churned over 2 months of stagnant price action. If that really is your base case argument, it's a bit flawed. Further, the distribution that happened allowed for the expansive network of masternodes already available. With the continued coin supply tied directly to difficulty with a floor and yearly reduction, inflation is minimal at best.

But good luck on Vertcoin. I never came in here talking trash about it, just simply pointed out the fact that an algo change doesn't mean the price is going to change to the upside until demand matches or exceeds new supply. Basic mathematics coupled with basic economics is resulting in the situation VTC is currently in.