Topic: [VRC] | VeriCoin | POS-NSDI | VeriBit | VeriSend | VeriSMS | SuperNET Core - page 28. (Read 38523 times)

It is important to have an unmoderated place where  all kind of opinions can appear, happy and disappointed investors can discuss the state of affairs on VeriCoin, to share opinion about price, developments or lack of developments, to have a forum to freely share all kind of views and opinions about VeriCoin.

Transparent operation and that all opinions will be taken into account were promised by the developers when the price was 50k. Now, as the price is 5K and some investors lost 90% of their investment the vericoin developers abandoned Bitcointalk and moved to a moderated thread - where critical voices aren't welcomed. This thread will tolerate all opinions.

Just a quick overview about what happened with VeriCoin up to date.

- For many supporters, community members, bag holders and investors VeriCoin started around June, with the first Google hangout where the developers, Pnosker, EffectsToCause (two PhD students) and Dave a Microsoft developer presented the team, outlined the plans and not least promised a transparent operation - to work for the community with the community. A team member WizRig was introduced in the hangout and an ambitious marketing plan was outlined. Wizrig - together with the developers - promised a worldwide media campaign to promote VeriCoin by mobilizing all his celebrity contacts and employing a professional PR firm to take VeriCoin to the mass public. Wow, this cannot be a scam, investors said, the PhD students and the Microsoft developer are surely responsible enough to follow up this and pull the project off and the money was start flowing into VeriCoin.

- 2 weeks later the dump came. Many believes WizRig was the face and front figure of the Blackhand P&D group and his role was to hype the coin before the dump. However (and whoever WizRig is), the coin was dumped and Wizrig left the operation before anything was delivered from what was promised in the Google hangout.

- The developers said the software development will be continued (though very-very little was delivered since June)

- Then the Mintpal hack happened. It was told to the community that during a hack 8 million coins was stolen from Mintpal. There is no evidence whatsoever that the 8 million coins was really taken by a hacker, but the Vericoin team has rolled back the blockchain to the state of pre-hack and bailed out Mintpal ... at least it was told Mintpal must be bailed out and in order to prevent attacks on the protocol by the big hand hacker the blockchain must be rolled back. The community had very mixed feelings about the roll back of the blockchain and many investors and supporters left the coin at this point.

- Then the developers visited the Wall Street to take VeriCoin to institutional investors. At least that was told and the action was well hyped on Twitter ... the outcome of the meeting was a picture of skyscrapers in New York.

- Then developers visited the Chicago BTC conference. The event was seen as a game changer by many in the community where VeriCoin will be introduced to a wider audience. The outcome of the meeting was a few pictures that displays fairly happy young men meet with similarly happy young men ... and the price was dropping further.

- Then the news came with a massive Twitter campaign that VeriCoin is working on a secret project, a game changer killer project. Wow, here we are, the community was excited, this surely will be the turning point, this must be huge if such serious, responsible professionals like the PhD students and Microsoft developer say so. The secret game changer project was a VISA VRC debit card with a noname start-up. Two weeks later the project was dropped and never materialized.

- And then, James (jl777) came to save to coin by integrating it into Supernet. Many supporters believe this is the best thing ever happened to VeriCoin, many think VeriCoin should never take James' offer. Time will tell ... up to date was nothing delivered.

- The VeriCoin developers instead of developing VeriCoin started to provide software services for other coins like ARCH.

- For unknown reason on the 3thd of November, 2014 the developers closed the unmoderated Bitcointalk forum thread.

- The price is 5.8k at this moment in time.