[$XVG] VERGE [POW][MultiAlgo][TOR/i2P][no premine/ico!] - page 367.

R-J-F

sr. member

Activity: 1078

Merit: 310

AKA RJF - Member since '13

Quote from: Krenarbi on July 24, 2017, 03:10:50 AM

i tried to check my verge coins today and saw the site down. came here and saw that the wallet been deleted? WTF? what level of incompetence is this??

Quote from: Dogedarkdev

have you not read the thread? the web wallet DOES NOT EXIST ANYMORE. it was announced 5 weeks ago it was going offline soon. i contacted the host to see if it could be restored and the answer was no. we did not want to keep it anyway, since the first rule in crypto is make sure YOU own your coins.

THEN STOP REMOVING MY POST!! the community deserves to see how incompetent your team is when they can't even deal with taking off a wallet offline properly

Quote from: Dogedarkdev

you can keep posting that, but we'll keep deleting it. it isn't our fault you didn't read the thread 5 weeks ago.

we've moved on, we already wasted two pages discussing it over and over.

NOPE. i will keep posting to show how incompetent your team is

Get over it newbie or, whoever you really are, you had 5 weeks of notice and YOUR incompetence, by never checking the multiple notification media they posted the announcement in, caused YOU to loose YOUR coins.

Dogedarkdev

legendary

Activity: 1708

Merit: 1009

$XVG - The Standard in Crypto as a Currency!

Quote from: chilly2k on July 24, 2017, 11:34:54 AM

Quote from: Dogedarkdev on July 23, 2017, 08:59:05 PM

Quote from: minerbro on July 23, 2017, 08:57:28 PM

IS there any benefit for long-term Verge holders?

I mean, something like stake/masternodes/harvest/fees/revenue

Can I actually gain something from keeping XVG's on my wallet?

hodling has it's own advantages/disadvantages. our shop opens up soon and will be accepting xvg.

we dont have masternodes, because it's a network weakness/centralization point. we can/may incorporate PoS one day, if we can come up with a fair system, that doesnt reward by amount in balance, but a flat reward that is fair. we'll see. right now our multi algo mining is fine though.

What about adding POS as another algo?

Also Clams does POS and the reward is 1 clam per block. You do have a higher chance of staking a block with more coins, but the reward is fixed. You would also have control over the minimum stake age, so folks would have to commit holding coins for x amount of time before they can stake. <- has the feel of locking coins in a masternode, without an actual mastermode.

the type of PoS i have in mind, is something similar, but with an extraordinarily low reward. maybe something like .001 per block, so that there would be no way to take advantage of it. this way the PoS would be more voluntarily than "for profit".

chilly2k

legendary

Activity: 1007

Merit: 1000

Quote from: Dogedarkdev on July 23, 2017, 08:59:05 PM

Quote from: minerbro on July 23, 2017, 08:57:28 PM

IS there any benefit for long-term Verge holders?

I mean, something like stake/masternodes/harvest/fees/revenue

Can I actually gain something from keeping XVG's on my wallet?

hodling has it's own advantages/disadvantages. our shop opens up soon and will be accepting xvg.

we dont have masternodes, because it's a network weakness/centralization point. we can/may incorporate PoS one day, if we can come up with a fair system, that doesnt reward by amount in balance, but a flat reward that is fair. we'll see. right now our multi algo mining is fine though.

What about adding POS as another algo?

Also Clams does POS and the reward is 1 clam per block. You do have a higher chance of staking a block with more coins, but the reward is fixed. You would also have control over the minimum stake age, so folks would have to commit holding coins for x amount of time before they can stake. <- has the feel of locking coins in a masternode, without an actual mastermode.

ceasarpolar

jr. member

Activity: 35

Merit: 10

Quote from: Krenarbi on July 24, 2017, 03:10:50 AM

i tried to check my verge coins today and saw the site down. came here and saw that the wallet been deleted? WTF? what level of incompetence is this??

Quote from: Dogedarkdev

have you not read the thread? the web wallet DOES NOT EXIST ANYMORE. it was announced 5 weeks ago it was going offline soon. i contacted the host to see if it could be restored and the answer was no. we did not want to keep it anyway, since the first rule in crypto is make sure YOU own your coins.

THEN STOP REMOVING MY POST!! the community deserves to see how incompetent your team is when they can't even deal with taking off a wallet offline properly

Quote from: Dogedarkdev

you can keep posting that, but we'll keep deleting it. it isn't our fault you didn't read the thread 5 weeks ago.

we've moved on, we already wasted two pages discussing it over and over.

NOPE. i will keep posting to show how incompetent your team is

Have you ever been on Telegram Verge group? Anyone that asks there about verge online wallet was informed about verge online wallet was going off line & that was completely unsecure of leaving your coins there since you dont control your private keys. Plenty of options were available to you, coinomi wallet, core wallet, or finally just leave THEM IN THE DAMN EXCHANGE.

You decided otherwise and went ahead placed them in online wallet, and forgot about them for sometime, without checking about your investment, which is completely unthinkable if you were to care about your investment.
I personally check with the community everyday, the Dev is great and always helpful, answers all the questions you ask him & he is in fact way more patient than what i would have been if i were to be in his spot. That being said Kudos to the Dev.

You cant blame the developpers or the team since you are the one that decided to go to online wallet solution knowingly that you won't control your private keys, that s insane to me. You should ALWAYS control your private keys.
In crypto your private keys is your money...

Sorry for your loss but it s entirely your fault.

Hope you can make it back...

Slemicek

member

Activity: 139

Merit: 11

You, who have lost xvg on web wallet, can blame only yourself. It was said month ago here, I was said so many times on telegram, it was on slack. I had some xvg on web wallet also, although it's not safe, but I had month to transfer them to my electrum, which I did, because I care about my investments. I'm reading what is new, I'm part of community at channels...etc. So if you're that type of hodler who doesn't care about coins after buying it and just hodl for long term why do you even used web wallet? Web wallets are dangerous and if used then only temporarily. And if you are not that type of hodler I bet you were online at least thousands times in those 5 weeks and you could easily read that web wallet is not recommended and that it's going to b offline. I'm sorry for your lost xvg, but it's your fault, now you just fake blame dev and whole verge team. And that's pathetic.

FYIcryptoz

full member

Activity: 181

Merit: 100

Decentralize $15-Trillion Global Trade Industry

Quote from: Dogedarkdev on July 23, 2017, 10:31:41 PM

Quote from: ?? on ??

Quote from: Dogedarkdev on July 23, 2017, 09:32:12 PM

Quote from: ?? on ??

Quote from: Dogedarkdev on July 23, 2017, 08:59:05 PM

Quote from: minerbro on July 23, 2017, 08:57:28 PM

IS there any benefit for long-term Verge holders?

I mean, something like stake/masternodes/harvest/fees/revenue

Can I actually gain something from keeping XVG's on my wallet?

hodling has it's own advantages/disadvantages. our shop opens up soon and will be accepting xvg.

we dont have masternodes, because it's a network weakness/centralization point. we can/may incorporate PoS one day, if we can come up with a fair system, that doesnt reward by amount in balance, but a flat reward that is fair. we'll see. right now our multi algo mining is fine though.

If Verge ever incorporates PoS I'm out completely.

like i said, if we did, it would be a flat reward, not a reward based on the users balance. we have no interest in making the large holders even more money.

what would you have against that?

A bunch of reasons, but number one is miners invest a lot into their rigs. Some miners might even buy or build their rig intending to mine mostly this coin, knowing it is multialgo minable. As soon as it goes PoS in the least bit they lose out on their investment. So if we want to keep getting more miners to join we can only use PoW, and keep adding new PoW algorithms to increase the pool of miners who can participate with their existing equipment. Namely, PoS ruins miners' incentives and thus creates a perverse incentive to create a PoS nonminer network that destroys the existing network.

From the beginning, like when Peercoin came out, my first problem with PoS is it in a way opens fractional reserves as it uses an interest rate. It's usury in the original definition of the word. It's even forbidden in certain religions because of its immorality. An interest rate is an arbitrary invention. It might not look like debt at first, but it is the rest of the network owing the holders a fraction of their investment in real terms (not nominal terms, as user balances do not decrease).

And as much as trying to figure out what would be fair at a group level sounds virtuous, it unavoidably comes at the expense of other individuals.

i agree with most of what you are saying, but im not sure if you are aware of two things... 1: we can still have pow while having pos. 2. i said if we even considered it, it would be a flat reward, not a percentage rate of a users balance. everyone would get an equal amount.

Wouldnt this have a flaw by hosting multiple wallets with very little coins in it. If youre getting the same reward anyways?

TheMostGhost

newbie

Activity: 35

Merit: 0

If you are a serious "HODLER" than it is your duty to check your coins/ forum-related posts / website weekly.

It is completely your fault - and you are the one who is incompetent.

Sincerely,

TMG

Krenarbi

newbie

Activity: 1

Merit: 0

i tried to check my verge coins today and saw the site down. came here and saw that the wallet been deleted? WTF? what level of incompetence is this??

Quote from: Dogedarkdev

have you not read the thread? the web wallet DOES NOT EXIST ANYMORE. it was announced 5 weeks ago it was going offline soon. i contacted the host to see if it could be restored and the answer was no. we did not want to keep it anyway, since the first rule in crypto is make sure YOU own your coins.

THEN STOP REMOVING MY POST!! the community deserves to see how incompetent your team is when they can't even deal with taking off a wallet offline properly

Quote from: Dogedarkdev

you can keep posting that, but we'll keep deleting it. it isn't our fault you didn't read the thread 5 weeks ago.

we've moved on, we already wasted two pages discussing it over and over.

NOPE. i will keep posting to show how incompetent your team is

Dogedarkdev

legendary

Activity: 1708

Merit: 1009

$XVG - The Standard in Crypto as a Currency!

Quote from: ?? on ??

Quote from: Dogedarkdev on July 23, 2017, 09:32:12 PM

Quote from: ?? on ??

Quote from: Dogedarkdev on July 23, 2017, 08:59:05 PM

Quote from: minerbro on July 23, 2017, 08:57:28 PM

IS there any benefit for long-term Verge holders?

I mean, something like stake/masternodes/harvest/fees/revenue

Can I actually gain something from keeping XVG's on my wallet?

hodling has it's own advantages/disadvantages. our shop opens up soon and will be accepting xvg.

we dont have masternodes, because it's a network weakness/centralization point. we can/may incorporate PoS one day, if we can come up with a fair system, that doesnt reward by amount in balance, but a flat reward that is fair. we'll see. right now our multi algo mining is fine though.

If Verge ever incorporates PoS I'm out completely.

like i said, if we did, it would be a flat reward, not a reward based on the users balance. we have no interest in making the large holders even more money.

what would you have against that?

A bunch of reasons, but number one is miners invest a lot into their rigs. Some miners might even buy or build their rig intending to mine mostly this coin, knowing it is multialgo minable. As soon as it goes PoS in the least bit they lose out on their investment. So if we want to keep getting more miners to join we can only use PoW, and keep adding new PoW algorithms to increase the pool of miners who can participate with their existing equipment. Namely, PoS ruins miners' incentives and thus creates a perverse incentive to create a PoS nonminer network that destroys the existing network.

From the beginning, like when Peercoin came out, my first problem with PoS is it in a way opens fractional reserves as it uses an interest rate. It's usury in the original definition of the word. It's even forbidden in certain religions because of its immorality. An interest rate is an arbitrary invention. It might not look like debt at first, but it is the rest of the network owing the holders a fraction of their investment in real terms (not nominal terms, as user balances do not decrease).

And as much as trying to figure out what would be fair at a group level sounds virtuous, it unavoidably comes at the expense of other individuals.

i agree with most of what you are saying, but im not sure if you are aware of two things... 1: we can still have pow while having pos. 2. i said if we even considered it, it would be a flat reward, not a percentage rate of a users balance. everyone would get an equal amount.

Dogedarkdev

legendary

Activity: 1708

Merit: 1009

$XVG - The Standard in Crypto as a Currency!

Quote from: ?? on ??

Quote from: Dogedarkdev on July 23, 2017, 08:59:05 PM

Quote from: minerbro on July 23, 2017, 08:57:28 PM

IS there any benefit for long-term Verge holders?

I mean, something like stake/masternodes/harvest/fees/revenue

Can I actually gain something from keeping XVG's on my wallet?

hodling has it's own advantages/disadvantages. our shop opens up soon and will be accepting xvg.

we dont have masternodes, because it's a network weakness/centralization point. we can/may incorporate PoS one day, if we can come up with a fair system, that doesnt reward by amount in balance, but a flat reward that is fair. we'll see. right now our multi algo mining is fine though.

If Verge ever incorporates PoS I'm out completely.

like i said, if we did, it would be a flat reward, not a reward based on the users balance. we have no interest in making the large holders even more money.

what would you have against that?

Dogedarkdev

legendary

Activity: 1708

Merit: 1009

$XVG - The Standard in Crypto as a Currency!

Quote from: minerbro on July 23, 2017, 08:57:28 PM

IS there any benefit for long-term Verge holders?

I mean, something like stake/masternodes/harvest/fees/revenue

Can I actually gain something from keeping XVG's on my wallet?

hodling has it's own advantages/disadvantages. our shop opens up soon and will be accepting xvg.

we dont have masternodes, because it's a network weakness/centralization point. we can/may incorporate PoS one day, if we can come up with a fair system, that doesnt reward by amount in balance, but a flat reward that is fair. we'll see. right now our multi algo mining is fine though.

minerbro

sr. member

Activity: 415

Merit: 287

IS there any benefit for long-term Verge holders?

I mean, something like stake/masternodes/harvest/fees/revenue

Can I actually gain something from keeping XVG's on my wallet?

Dogedarkdev

legendary

Activity: 1708

Merit: 1009

$XVG - The Standard in Crypto as a Currency!

Quote from: Shintax on July 23, 2017, 08:28:20 PM

Let me be the first to say that because of this thread and because of the devs consistent activity in this thread I was given more than enough time to pull my XVG out of the web wallet. Keep up the good work guys Cool

thanks. i wasn't really sure when it would go offline, which is why we planned/annoucned to remove it from our site and such 5 weeks ago.

literally rule #1 in crypto, is always keep your coins. don't leave them on sites where you cant control them via privatekey/seedphrase/.dat file

anywho, just so everyone knows, the new core update will be out before july is over, and so will the tor-only android.

RSK is still in testnet with bitcoin's smart contracts, so we're still watching that progress.

Shintax

member

Activity: 120

Merit: 10

Let me be the first to say that because of this thread and because of the devs consistent activity in this thread I was given more than enough time to pull my XVG out of the web wallet. Keep up the good work guys Cool

CRonaldo7

newbie

Activity: 6

Merit: 0

Quote

?? Why do you keep removing my post??

i tried to check my verge coins today and saw the site down. came here and saw that the wallet been deleted? WTF? what level of incompetence is this??

Because the developers do not care.... hope that new users coming onto the forum to research on the coin do not see this as a problem.... and hope to moderate us into submission until this problem is over.....

Quote

the vps was one of 3 we were donated, whos hosting was paid for a year last year. im surprised it didnt go offline faster to be honest. it's unfortunate you didn't read our main thread until after the fact, since it was announced 5 weeks ago.

Not only I did not read, many in the past few days did not and many in the coming few days will come on here to complain and be moderated away. If I was an isolated incident..... fine, I will get back on my horse... if you ask the commnity for donations, I believe many of us will donate to keep the clearnet wallet running until you figure out a proper solution of removing it and allowing stranglers to withdraw from it over a period of time..... instead nope, you all decide to just pull the plug.

BUt whatever.... we are beating on a dead horse here now..... I hope you can see why this is a bad action and the reaction from your team is equally horrible...

Dogedarkdev

legendary

Activity: 1708

Merit: 1009

$XVG - The Standard in Crypto as a Currency!

Quote from: CRonaldo7 on July 23, 2017, 07:01:27 PM

Quote

If blockchain.info went down would you all go attack the developers behind bitcoin core?

Not every projects is under the control of the coin developer.

Yes, but in this case, the devs made a decision to remove the clearnet wallet..... which was created and managed by the devs. Now, they claim that they do not have access to the wallet inteface code which is really hard to believe when it was supported and created by the developers in the first place.

And I see that posts from users that lost coins from the wallet are still being ~~removed~~ moderated..... guess alot of us lost coins and have to get back on our horses.

the vps was one of 3 we were donated, whos hosting was paid for a year last year. im surprised it didnt go offline faster to be honest. it's unfortunate you didn't read our main thread until after the fact, since it was announced 5 weeks ago.

CRonaldo7

newbie

Activity: 6

Merit: 0

Quote

If blockchain.info went down would you all go attack the developers behind bitcoin core?

Not every projects is under the control of the coin developer.

Yes, but in this case, the devs made a decision to remove the clearnet wallet..... which was created and managed by the devs. Now, they claim that they do not have access to the wallet inteface code which is really hard to believe when it was supported and created by the developers in the first place.

And I see that posts from users that lost coins from the wallet are still being ~~removed~~ moderated..... guess alot of us lost coins and have to get back on our horses.

Dogedarkdev

legendary

Activity: 1708

Merit: 1009

$XVG - The Standard in Crypto as a Currency!

Quote from: drewid on July 23, 2017, 06:26:10 PM

Quote from: Dogedarkdev on July 23, 2017, 03:26:53 PM

Quote from: drewid on July 23, 2017, 03:24:26 PM

i guess that 16.5 billion just dwindled down quite a bit. good thing i chose tor webwallet from the beginning. i knew having a webwallet on clearnet would not be a good option for long term. easily hacked, etc. guess i lucked out by a hair

you really shouldnt store coins on any service that you dont actually own them. i would suggest keeping your coins on an android, core, or electrum wallet.

will a market ever materialize such as whats on tor already?

there are markets on tor, and there is an exchange on i2p that has verge available for trading. (exchanged.i2p)

bitspill

legendary

Activity: 2087

Merit: 1015

If blockchain.info went down would you all go attack the developers behind bitcoin core?

Not every projects is under the control of the coin developer.

drewid

member

Activity: 98

Merit: 10

Quote from: Dogedarkdev on July 23, 2017, 03:26:53 PM

Quote from: drewid on July 23, 2017, 03:24:26 PM

i guess that 16.5 billion just dwindled down quite a bit. good thing i chose tor webwallet from the beginning. i knew having a webwallet on clearnet would not be a good option for long term. easily hacked, etc. guess i lucked out by a hair

you really shouldnt store coins on any service that you dont actually own them. i would suggest keeping your coins on an android, core, or electrum wallet.

will a market ever materialize such as whats on tor already?

Topic: [$XVG] VERGE [POW][MultiAlgo][TOR/i2P][no premine/ico!] - page 367. (Read 843777 times)