Topic: [XVG] Verge - Speculation & Discussion (Read 243765 times)

It has been very silent for a while!

Verge is an instamine scam and widely regarded as a joke now. If you "invest" in this trash you are a very highly regarded individual.

I really like this coin. It seems to me that this project has a great future. I have invested in this coin and believe that my investments will really bring me a good profit.

Development Update on Verge #16

-Codebase rebase progress
-iOS Wallet update
-Android Wallet Update

https://medium.com/vergecurrency/development-update-on-verge-16-fe2cba3d3529

facts and figures can't lie, I find it difficult to place my trust in verge right now because of this. bitcoin has the same problems, in fact most alts have this, but verge is apparently just making stuff up

All verge code bases are open source so everyone is free to check the code and contribute back to the project. George has a wallet that communicates via tor for a while which has hosted blockchain nodes that can be connected via tor but unfortunately the verge network doesn't all use tor. Verge there is no company that supports but verge for people for the community

They ARE fake. I already showed with sources to the public explorer almost 50% of transactions were done by one wallet. And yes, this works because transactions are so cheap. This also leads to "active wallets" since every transaction generates an one time change address. These numbers are fake. Not a mining pool (they payout in one transaction with multiple outputs).

Everyone be really careful. Verge also hyped up the wraith protocol at NYE as something revolutionary and in the end it was just copied "opaque addresses" from OpalCoin and TOR routing integration. Don't fall for hype, the promised features like RingCT aren't easy to implement in a safe way or in a way that grants real privacy. RingCT for example would HAVE TO be implemented mandatory, otherwise this would lead to traceability issues. But with mandatory RingCT transactionsize would grow about 1500%. With low fees this would be a good attack vector to spam the network with enormous numbers of big transactions to slow down/DDOS the network.

Don't get blinded by "ADOPTION", look if a coin really can offer what it promises. And I can tell you the current "privacy solution as a choice" is fully traceable. There are enough Bitcoin wallets out there that offer "stealth addressing" for Bitcoin and I would bet you wouldn't call Bitcoin private?! Forget TOR here, hiding IPs could be solved with almost every coin and IPs are not stored on the blockchain.

I disagree, I strongly believe Verge Currency will become much more popular than bitcoin in the long run. Bitcoin was meant to be internet money, Verge Currency is positioning itself to be everyday currency.

Edit: Also I would like to respond previous assumptions about me. I did not inflate those numbers, and the statistics are not "fake". I saw the news via twitter. Other coins also have large amounts of mining related transactions as well. One reason is XVG's blazing fast block time, hence issuing block rewards more often). Not only did Verge rank highly for transactions, but also for active wallets, blaming one wallet is a weak argument. And yes, the transaction fee is extremely low, allowing for users to send numerous transactions easily and at low cost.

It's quite obvious the strong Verge community is extremely active in pursuing new vendors, with new stores racing to accept XVG on a regular basis. No reason to knock the overwhelming success of the community in the past months through a bear market. It's time for XVG to shine.

Verge Being listed on new exchanges (Bitexlive, ChangeHero), new Vendors, new development updates https://medium.com/vergecurrency/development-update-on-verge-5-faf4dcffcfc, new core team video: https://www.youtube.com/watch?v=3V3vkWXpi4w , and a team member being published in a major magazine https://twitter.com/vergecurrency/status/1042920822057328641, and java insight client released https://twitter.com/CabrasManuel/status/1042884415083487238, is more than enough reason to celibrate VergeCurrency this week!

HUGE news, and more keeps coming!

it will never be as popular as bitcoin my friend, bitcoin is simply too big, so no matter how good verge develops it will always be another altcoin. The thing is, i havent heared a lot of good about verge in a long time

XVG is one of my favorite anonymous coins. It is cheap and has great potential for growth. I hope that it can cost 10 dollars in the future

I don't care about any rumors or issues but I can put my faith in Verge as a payment currency in the cryptoworld. Once it's popular as like as bitcoin , I think everyone will use it as a real fiat in very near future. Just collect some XVG coins when it's cheap now.

Yes, I think we really should take a close look at what you are advertising here, and what people should also know before pumping money into XVG...

Someone already pointed out to you, that these numbers are fake. So I also think these numbers are faked by you. How I come to this conclusion (whoever reads this keep in mind, that Verge is advertised as private and anonymous... ):
The high transaction count is done by spamming the network, by this wallet address: https://verge-blockchain.info/address/D6J9N4s6WCnkWGE78VtaLci6rkGHVVP3xw
You can see it is indeed a miner, since it receives new coins. And you are a miner too according to your twitter account. So this fits. But lets go on.
This address creates roughly 80 transactions out of one mining reward: https://verge-blockchain.info/block/5863fe1011f382884ca910465eb5b120d5081c1ac923c82cc7e34af9096c8b3e
This is one block, where you can see all those transactions in one block, meaning it is done by one entity. Other entities could not spend these XVG, so it is definitely one.
Since the wallet is public you can see how many block are mined in a 24h timeframe. Blocks mined x transactions created out of the block reward = tx per day caused by one address (~3200/day).
With ~7000 tx per day this resolves into 45.7% of all current transactions being done by one entity.

This is what all officials and Vergins are claiming. "Sunerok in beastmode". But wait, there is a way to see if this is really true! Look at: https://github.com/justinvforvendetta , especially the contributions: since end of july 7 days he did something, and since 21 days he did absolutely nothing. So, this is again a lie.

This is actually something where you can see things happening, but this guy also does following:

An implementation without ANY privacy feature. Stealth addressing, and if it ever comes RingCT, would need A LOT of work to implement it into a Ledger. If Ledger really implements this solution this will lead into a dead end, when stealth addressing or RingCT will get implemented, and as it should be mandatory(since optional stealth and RingCT is highly vulnerable to deanonymization), the Ledger will be broken.

The development on the technology level is pure copy paste. stealth addressing (wraith protocol) was copied from OpalCoin, RingCT on Bitcoin codebase will be copied from Particl. Aside from GUI most stuff is simply copied, which has already led to vulnerabilities and exploits. This will go on.

What you really should look at is what he said about the audits which were promised after people like me accused the Verge guys lying about untraceability and privacy of Verge. While I still think these audits never happened he said they won't be published, because "a update to the codebase is coming anyway". So the audits would say: Verge is whether private, nor secure. Otherwise there wouldn't be a reason to hide them.


Completely build on lies, pump and dump, but almost no real progress. Made some people rich, and a lot of people poor.

Poisoned water.

There is even more I could question here, especially about RingCT. But I think this is a good starter piece to debunk your Verge propaganda here

if you take the time of the Internet, then almost all developed thanks to the advertising of the porn industry. Therefore, it is possible that the crypto currency and some projects will use the same method.

Please my friend, join us in the real world, where Verge Currency is looking like a better investment than ever.

Also, do you refrain from using fiat currency? Because, do you know, fiat/usd/eur etc is used also used by the porn industry also? I hate to break it to you, as I know that is a deal breaker for you.
Verge is "currency", that means it's going to be used for everything fiat is used for(and many cases already is). Like it or not, that means porn as well.

Verge has been on a roll in securing new vendor partnerships in all types of industries. From electronics, cars and real estate(cryptoemporium.eu, save with coupon code XVGWhaleRef), home goods, blunt umbrellas, hot sauce, CBD products(another billion dollar industry), VPN service, multiple clothing companies, a food-cart company, bodyboards, guitars, dioxyme sport supplements(coupon code UPGRADE), in-person business(hundreds in Colombia). Gaming with tokengaming coming soon. Plus new exchanges constantly adopting Verge, such as Bitexlive just launched fiat(Lira) purchases of VergeCurrency in Turkey, Bitnovo just adopted XVG allowing for purchase of Verge at 20,000 locations in Spain in Italy(can buy anonymously with fiat with gift cards/vouchers). My girlfriend is planning a wine bar that will accept XVG(hopefully this year). That's just the tip of a much larger iceberg of use.

Recent stats show XVG is in the top 10 most used cryptocurrencies, in some 24 hour periods beating other privacy focused coins such as monero, dash, zcash, etc https://twitter.com/XVGWhaleReal/status/1038555462172635137

I just texted Sunerok the other week, he is doing excellent. He is not one for social media, that is because he is a programer, and programming is his focus. Listen to his speech in Amsterdam. Also has more NDAs up his sleeve.

The core team is doing an excellent job. I recently flew to Texas and met Nick Gaudiano who is a core team member ( https://www.youtube.com/watch?v=kcDF9Kcs9FU ) and we talked about Verge Currency as well as mining(his company is planning one of the largest cryptocurrency mining facilities in the United States, feel free to DM me for details), here is a video about my trip https://www.youtube.com/watch?v=V8ZlmFMAYSU ). Both myself (CEO of Cryptocurrency Mining LLC) and Nick Gaudiano (CEO of BitcoinRack) intend to capture as much of the bitcoin/crypto mining marketshare as humanly possible, and, we are members of the Verge Currency community.

We also met with John Perrone, CEO of Bitwallet exchange/wallet https://twitter.com/BitWalletInc, I talked to him some about VergeCurrency. We are working hard a real world networking and building the foundation for a future powered by cryptocurrency. We are also seeking ways to get the name out there. I went to/survived John McAfee's home for 6 nights to help further our cause, was an unforgettable experience and ended up paying off huge. Nick(well connected in Houston) talked to DJ Khaled the other night in Houston, to attempt to get a shout-out for Verge on video. He didn't get one, but was sure worth a try(Hopefully Khaled will at least look up XVG and buy a bag, that'd be a major key). The point is, we are doing everything in our power to advance cryptocurrency and elevate Verge Currency, and we will not stop.

The core dev team is doing an awesome job, with constant updates on the beautiful new iOS wallet coming soon: https://twitter.com/SwenVanZanten/status/1037813951378141184

That same Verge core-team developer just going Verge Currency working on his personal ledger: https://twitter.com/marpme_/status/1041671148025597953

The core team is very active, a very large group working on the next stages of marketing, development, and partnerships, highly dedicated to taking XVG to the next level.

To define/imply Verge Currency as just Currency for porn, is madness. XVG not limited to that industry, and those partnerships (with leaders in a billion dollar industry, where consumers have a focus on privacy) are nothing to laugh at.

The focus of Verge Currency is to compete not just with bitcoin, but national fiat currencies. Advancements are made towards this end on a daily basis. Hence the name "Currency" in the name, rather than just another coin or token. I highly suggest browsing the #VergeFam hashtag on twitter, as a large portion of the hyper-active XVG community is based on twitter. The Verge twitter community is one of the most active, and arguably the most dedicated and passionate single-cryptocurrency focused community in the entire space. The FUD is uncalled for, as new vendors are being announced constantly while members of the VergeCurrency community are working constantly on all fronts.

As CryptoRekt(https://twitter.com/CryptoRekt/status/1041451166440206336) mentioned on twitter a few days ago(good friend of Sunerok/lead dev), @justinvendetta (Sunerok) is working hard on perfecting his "baby" (Verge Currency) as this is a work of passion. For Justin, this is about more than just money. Implementing the new bitcoin standards to the codebase is just on more step towards more success. I have met Justin twice in person, this past December in Florida and in Amsterdam at the meetup, as well as chat with him on occasional phone call and text. All is well, he is the person you want for this job, and cares deeply about the project. And he hasn't been completely silent either, some of you may have listened to his interview of Frank Dashwood on "Radio Crypto" not too long ago. If he is keeping to himself, that means he's working hard.

And if you are concerned about the markets, lets not forget that XVG had the highest ytd % gains of any cryptocurrency in history in 2017. https://www.cointimemachine.com/top-100-best-cryptocurrency-list-2017/

VergeCurrency, like bitcoin, is a proof of work coin. Investors and dev/core team members, and "verge fam" community members had to either mine or buy their own coins. Mass adoption is pushed by a community of volunteers. That is true decentralization. With a faster blocks than bitcoin, variety of algorithms, long history rooted in the early stages of crypto, active community pushing mass adoption/real world use, genius developer, and a constant push for mass adoption: Verge Currency has secured it's placed in currency history and will be a permanent fixture in the coming decentralized blockchain global economy.

Dismissing Verge as a potential investment, is like dismissing water as a means of hydration.

XVG is not a potential coin to invest. I feel very disappointed with the development team of the XVG. They have no foresight, and they only cooperate with partners of the porn industry

Check this topic, you will understand, why it is dead!
https://bitcointalksearch.org/topic/xvg-verge-claims-itself-decentralised-is-it-really-is-4706313

Devs working on other projects, ie TokenPay.
I am a programmist on iOS, trust me, you dont need 1 year to make good iOs wallet, it takes about 2-3 months maximum.
Community is bullshit, inside their TG and discord only "when moon/lambo" talks, if you try to raise some serious talks like PoS/PoW, they can not answer, mostly they will just ban you.

down to 350. i hope a bounce.

Thanks a lot for the explanation. I havent invested in xvg since the january bullrun, and even then it was just daytrading based on TA, so i never put a lot of energy into studying the tech. It just seemed like a lot of people were hating because of the pornhub thing lol

Well, it has a botched implementation of stealth-addresses which is called VVraith-protocol in Verge because they want to confuse people. A good explanation of stealth addresses you can find here: https://www.youtube.com/watch?v=bWst278J8NA
Basically it helps to hide the receiver...

stealth addresses alone aren't nearly enough to claim you have an 'anonymous' cryptocurrency though... So they're basically lying to their users...

best regards,

Maybe youre right, i’m not familiair with the technical aspect of it. Tell me, what features does it have that can serve in the concept of anonymous transactions?