Vertcoin [VTC][ANN] Segwit Activated | ASIC Resistant Decentralized GPU Mining - page 64.

www.www

sr. member

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Maybe. Nevertheless, his efforts are not given SW.
SW@LN are a big step forward from my point of view.
This will involve the Vertcoin in the BTC orbit.
Counteraction to this step, I consider an attack.
I hope this is a short-term leased capacity. And soon the opposition will be broken.
But these 51% showed the weakness of the network.
This is not safe at the moment Cool

DrkLvr_

hero member

Activity: 724

Merit: 500

Quote from: www.www on April 17, 2017, 01:10:28 PM

I'm not attacking your brains. Vrn has been attacking the network for a long time.
And I do not know his plans with 51% hashrate. Just a statement of fact.
47% for now. You can calm down.
Although this weight also implies a high probability of double spending. Or anything else Cool

saying he's been "attacking" the network is a bit of a stretch. he's mining with a lot of hash clearly, but he must support vertcoin to a certain degree if he's dedicating this many resources toward mining it

www.www

sr. member

Activity: 546

Merit: 250

I'm not attacking your brains. Vrn has been attacking the network for a long time.
And I do not know his plans with 51% hashrate. Just a statement of fact.
47% for now. You can calm down.
Although this weight also implies a high probability of double spending. Or anything else Cool

scamalert0

sr. member

Activity: 498

Merit: 250

Quote from: www.www on April 14, 2017, 03:40:00 AM

VrnVLcJ7tNCSjMcSmG5p31XQowCLqqvG2F 52.57%.
Attack 51% is possible Shocked

It looks nice when we heard segwit .. But since than coin price is droping like a hell ..
Can we see some nice development in price ..as every investor want ..hope for best

remistevens

hero member

Activity: 630

Merit: 501

Quote from: reffi on April 14, 2017, 04:03:19 PM

What happened with VTC this last few days? Can somebody explain to non-technical person? I bought at 15k, still holding because the chart looks promising, but whats with all that segwit drama?

Im non-technical as well, but here's what i think happened. Easiest to keep track of this page to see the segwit drama playing out:
https://vtconline.org/sf.html

On there you can see a "period". That's 2016 blocks. It takes about 3.5 days for a period to pass. In the last period, it looked like there was a war going on between people who want VTC upgraded to use Segwit (Segregated Witness) and those who don't want to upgrade. Segwit was created by bitcoin devs to help with bitcoin's scalabilty problem (it can't handle very much transaction traffic). VTC devs adapted a version to work with VTC. But for VTC segwit to be implemented, the segwit miners must get over 75% of all blocks within a period. During the last period, it looked at first like they were going to make it- which may have explained the huge price rise.

Short term, who knows where it'll go. Price could drop further, could also spike back up. VTC is probably a good long term bet though, coin is well supported and should be around for years to come. You may need to sit on those coins a while, but at some point VTC will be back over 15k.

reffi

hero member

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What happened with VTC this last few days? Can somebody explain to non-technical person? I bought at 15k, still holding because the chart looks promising, but whats with all that segwit drama?

www.www

sr. member

Activity: 546

Merit: 250

VrnVLcJ7tNCSjMcSmG5p31XQowCLqqvG2F 52.57%.
Attack 51% is possible Shocked

chilly2k

legendary

Activity: 1007

Merit: 1000

Quote from: remistevens on April 13, 2017, 03:03:03 PM

Quote from: BrotherJ on April 13, 2017, 10:26:09 AM

Quote from: SwedishGirl on April 13, 2017, 06:31:24 AM

Quote from: ?? on ??

Quote

https://vtconline.org/sf.html

SegWit activation threshold 75%
Percentage SegWit (this period) 43.29%

falling with 20% for 1 day! What a scammy SegWit activation Cheesy

It's a nice dump and pump strategy if you have the hash power.

1. You direct hashrate (no segwit support) to VTC, price goes down you accumulate cheap coins.
2. You change to segwit support, price goes up, segwit activates.
3. Dump on everybody.

That's certainly a possibility.

Definitely possible. Here's another scenario. VTC segwit supporters went for it in the last period, rented miners, added capacity. Seeing that it was very close, the much deeper pockets behind the Vrn miner also rented more capacity to stop the VTC segwit team. (probably a whale coming from BTC or LTC segwit). The VTC segwit team had planned their attack, meaning whatever means they used to add capacity is now finished. Vrn guy was not planned but reactive and bought a ton of capacity not knowing what was to come- quick move to stop the segwit attempt. His rental contracts are now still in place, but VTC segwit team has given up their fight. So Vrn guy is now blowing them away- 40% segwit support.

I almost agree with you. I think the Vrn guy has been just mining along and not paying attention. A lot of pro -SegWit hash came online and pushed the average higher. Another whale didn't like that so they came in with enough hash power to drop the average. There was another address (not vrn) that was upgraded and no SegWit They ended up around 12% of the hash rate.

Now the Segwit hash and the noSegwit hash have left so Vrn looks like he's a higher percent of the hash. I don't think he's actually increased hash, it just looks like it because a lot of others have left.

remistevens

hero member

Activity: 630

Merit: 501

Quote from: BrotherJ on April 13, 2017, 10:26:09 AM

Quote from: SwedishGirl on April 13, 2017, 06:31:24 AM

Quote from: ?? on ??

Quote

https://vtconline.org/sf.html

SegWit activation threshold 75%
Percentage SegWit (this period) 43.29%

falling with 20% for 1 day! What a scammy SegWit activation Cheesy

It's a nice dump and pump strategy if you have the hash power.

1. You direct hashrate (no segwit support) to VTC, price goes down you accumulate cheap coins.
2. You change to segwit support, price goes up, segwit activates.
3. Dump on everybody.

That's certainly a possibility.

Definitely possible. Here's another scenario. VTC segwit supporters went for it in the last period, rented miners, added capacity. Seeing that it was very close, the much deeper pockets behind the Vrn miner also rented more capacity to stop the VTC segwit team. (probably a whale coming from BTC or LTC segwit). The VTC segwit team had planned their attack, meaning whatever means they used to add capacity is now finished. Vrn guy was not planned but reactive and bought a ton of capacity not knowing what was to come- quick move to stop the segwit attempt. His rental contracts are now still in place, but VTC segwit team has given up their fight. So Vrn guy is now blowing them away- 40% segwit support.

etang6000

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Activity: 241

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https://www.youtube.com/watch?v=kOjEWWUIKQw&feature=youtu.be

BrotherJ

sr. member

Activity: 301

Merit: 250

Quote from: SwedishGirl on April 13, 2017, 06:31:24 AM

Quote from: ?? on ??

Quote

https://vtconline.org/sf.html

SegWit activation threshold 75%
Percentage SegWit (this period) 43.29%

falling with 20% for 1 day! What a scammy SegWit activation Cheesy

It's a nice dump and pump strategy if you have the hash power.

1. You direct hashrate (no segwit support) to VTC, price goes down you accumulate cheap coins.
2. You change to segwit support, price goes up, segwit activates.
3. Dump on everybody.

That's certainly a possibility.

DrkLvr_

hero member

Activity: 724

Merit: 500

Quote from: SwedishGirl on April 13, 2017, 06:31:24 AM

Quote from: ?? on ??

Quote

https://vtconline.org/sf.html

SegWit activation threshold 75%
Percentage SegWit (this period) 43.29%

falling with 20% for 1 day! What a scammy SegWit activation Cheesy

It's a nice dump and pump strategy if you have the hash power.

1. You direct hashrate (no segwit support) to VTC, price goes down you accumulate cheap coins.
2. You change to segwit support, price goes up, segwit activates.
3. Dump on everybody.

Are they waiting for closer to the block halving to support SegWit Huh

SwedishGirl

sr. member

Activity: 392

Merit: 250

Looking for shmexy coins!

Quote from: ?? on ??

Quote

https://vtconline.org/sf.html

SegWit activation threshold 75%
Percentage SegWit (this period) 43.29%

falling with 20% for 1 day! What a scammy SegWit activation Cheesy

It's a nice dump and pump strategy if you have the hash power.

1. You direct hashrate (no segwit support) to VTC, price goes down you accumulate cheap coins.
2. You change to segwit support, price goes up, segwit activates.
3. Dump on everybody.

www.www

sr. member

Activity: 546

Merit: 250

The closer the target the more willing to play on it.
The true face of decentralization.
Although all the bruises go to the developer Grin

Segwit activation will write off everything and pay for everything.
It is better for everyone to make it first Cool

Hyperjacked

legendary

Activity: 1624

Merit: 1126

It's all mathematics...!

Very cheap below 10k sats IMO... Shocked

remistevens

hero member

Activity: 630

Merit: 501

Quote from: llildur on April 11, 2017, 01:02:07 PM

Quote from: jwinterm on April 11, 2017, 11:16:17 AM

Quote from: remistevens on April 11, 2017, 10:58:20 AM

Quote from: SwedishGirl on April 11, 2017, 03:16:42 AM

Quote from: jwinterm on April 10, 2017, 11:27:36 AM

Quote from: SwedishGirl on April 10, 2017, 10:59:08 AM

VTC is not pumping because of segwit. The volume is off the charts and suggests somebody with very deep pockets has taken an interest in this coin. Price will easily go at least 2x 3x from here with much less money needed.

Looks more like random polo pump to me, not someone taking a serious interest. You think someone was taking a serious interest in Bitcoin plus or Bytecoin or the twenty other complete garbage coins that pumped off the chart in poloniex recently (not saying vert is garbage, just that a polo pump doesn't mean much).

It's not a random pump, somebody has planned this for some time. By taken an interest I did not meant long term interest. I meant somebody with deep pockets has decided to play with this coin and the current price/volume suggests he is not done yet.

I agree, think there was too much money flowing through to be random. Timing started with this period too and looks like Segwit might finally win. I think someone with deep pockets both bought a ton and rented some serious mining power to make sure it goes through.

I don't mean random like someone just woke up one morning and decided to pump Vertcoin, of course there was probably long accumulation period and the timing was done to coincide with big push for segwit activation. But just look at the charts on polo - every single coin pumps occasionally, often for no identifiable reason. Recently it was Bitcoin plus, Bytecoin, pinkcoin, and others I can't think of off the top of my head. Vertcoin was about due, and I think they just choose segwit drama to provide some hook to get people to buy.

No guys i seened this before in Cryptsy before the exchange close, i remember VTC trading volume by millions, a big flow of money through it, some ppl have plans for this coin for sure and have very deep pockets, that caught my eye and since then i always hold VTC as part of my portfolio.

Ah I see. I agree with jwinterm here....But I do remember that incredible VTC spike back on Cryptsy. It was significant for sure and had some big money behind it. Started an alt coin spike on many coins, instigated on VTC....But still that doesn't mean they'll be back. All it means is that people with big pockets don't mind trusting Vert as one of the coins they'll spike and/or hold onto large amounts of.

tech-no

newbie

Activity: 7

Merit: 0

also: https://www.reddit.com/r/vertcoin/comments/64ujq1/theory_worth_investigating/

if they do the hard fork, i am very interested about this coin. these big whales pumping and dumping and manipulating everything in cryptos are the main reason i cant trust any of the coins.. not bitcoin or any of these altcoins..

so please vertcoin, make a difference! Cheesy

tech-no

newbie

Activity: 7

Merit: 0

actually when i think about VTC, its almost perfect cryptocurrency. safe, decentralized and super fast. only thing i dont like is a huge power consumption. if they can create an asic-free algorithm that is fair to mine with consumer pc, and take same amount power than asics it would be really good. is it even possible? maybe the power consumption is the prize for real decentralation..?

tech-no

newbie

Activity: 7

Merit: 0

Quote from: cryptomonetax5 on April 12, 2017, 06:03:55 AM

shit coin. I have been buying 1000 Vertcoin at the 18000! now price is 0.00009008 - 50 %
dev scammers, they have sold all the coins

(you propably trolling, but..)

lets be honest, dont scam yourself, YOU bought it because of the SEGWIT activation HYPE? wanted to make some easy money on coin you dont know nothing about? didnt know how the segwit activation works?

if you want to take part of the segwit activation prosess, please rent as much mining power as you can? its that simple. i can also think other ways to manipulate the prosess, but those are illegal..

i think its easier to activate segwit in VTC than for example LTC, vert is much more decentralized. also litecoin have 4xlonger periods..

and lets be clear, im total noob in cryptos, so use your own brain.. (and read)

CULTFRANCE16

full member

Activity: 159

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Leader - FR. Group of traders.

Quote from: llildur on April 11, 2017, 08:30:22 PM

Media is talking about VTC https://cointelegraph.com/news/vertcoin-surge-on-segwit-talk-leads-to-pump-and-dump-suspicions Wink

This is really stupid. Devs are honest people, and they would not have the capacity to cause this sudden price increase - Even if they wanted to.

Roll Eyes

Topic: Vertcoin [VTC][ANN] Segwit Activated | ASIC Resistant Decentralized GPU Mining - page 64. (Read 201727 times)