Re: [ANN] Viorcoin | Voice & Video Call | Cheap International Calls
Interesting product, but it lacks documentation.
I downloaded the wallet, but it looks like any other qt wallet and there's not even instructions on how to get started.
I pressed the call button out of curiosity but it told me I didn't have an account.
The web page is full of waffle but no practical advice on how to make a call.
I assume that the wallet incorporates a built-in media player for voice and video, but there's no immediate sign.
What codecs does it support? Resolution? Framerate?
Could it be used as a music and video player?
Could it incorporate an introductory demo video?
Does it need coins to operate?
What are the charges for calls?
Does it need this 'gateway' everyone's talking about before it will work?
I'm sure all the information's buried deep in the archives of this forum, but I'm not inclined to wade through 90 pages in order to gain a rough idea of how it might work, from a dozen different opinions.
A simple step by step guide would be greatly appreciated.
As a coin it has potential but it needs more than one exchange. Buying on Bittrex is like playing whack-a-mole. Sure I can buy at the top end, but making a bid's out of the question as it's inevitably capped and blocked by one sat. Annoying's not the word. There's too much manipulation to make it a fair fight. I know it happens on Cryptsy too, but it's much harder to manipulate multiple exchanges. And more exchanges brings a wider user base. By the looks of things this coin's mostly in the hands of a small group of major players. Not good for the small investor.The alternative listed on the op (altbuddy) is seemingly now defunct.
A final question for anybody in the know. Is the interest rate (25%) simple or compound?
Any advice will be much appreciated. It's not the best way to arrive with a list of criticisms, but I hope they're taken as constructive. I see a lot of calls for wider adoption, but I think the product needs to be more user-friendly for newbies.
I downloaded the wallet, but it looks like any other qt wallet and there's not even instructions on how to get started.
I pressed the call button out of curiosity but it told me I didn't have an account.
The web page is full of waffle but no practical advice on how to make a call.
I assume that the wallet incorporates a built-in media player for voice and video, but there's no immediate sign.
What codecs does it support? Resolution? Framerate?
Could it be used as a music and video player?
Could it incorporate an introductory demo video?
Does it need coins to operate?
What are the charges for calls?
Does it need this 'gateway' everyone's talking about before it will work?
I'm sure all the information's buried deep in the archives of this forum, but I'm not inclined to wade through 90 pages in order to gain a rough idea of how it might work, from a dozen different opinions.
A simple step by step guide would be greatly appreciated.
As a coin it has potential but it needs more than one exchange. Buying on Bittrex is like playing whack-a-mole. Sure I can buy at the top end, but making a bid's out of the question as it's inevitably capped and blocked by one sat. Annoying's not the word. There's too much manipulation to make it a fair fight. I know it happens on Cryptsy too, but it's much harder to manipulate multiple exchanges. And more exchanges brings a wider user base. By the looks of things this coin's mostly in the hands of a small group of major players. Not good for the small investor.The alternative listed on the op (altbuddy) is seemingly now defunct.
A final question for anybody in the know. Is the interest rate (25%) simple or compound?
Any advice will be much appreciated. It's not the best way to arrive with a list of criticisms, but I hope they're taken as constructive. I see a lot of calls for wider adoption, but I think the product needs to be more user-friendly for newbies.
It's compounding interest my good Sir.
So if you buy 50k for example and you stake 1 time per day for 4 years until the price according to my esimates is at $600-850 USD each you will have this many coins as you see in the image.
If you stake 24/7 then you will get Roughly 30%+ effective interest annually.
You do understand that such rate of interest is not sustainable, don't you?
Of course this project will not exist at all in 4 years but IF it were to exist, do you even grasp the level of inflation that a 25% compounded interest will reach?
It is easy to know with that wonderful calculator you have posted, so just change the entry and where it says 50,000, put instead 3.15 million -roughly 70% of the total coins if the % remains, as of now, with 30% in the exchange-. Scary, isn't it?
But if you change also the 4 year entry and put a 6 instead, then you will really get scared... or maybe not. After all, if you expect this coin to ever reach a value of $600 per unit you are already way beyond reach, I'm afraid.
Guys look it's barabbas, lol! Anyway, you do realize that the % of interest will be decreased in the future right? Dev mentioned that like a month ago or so if I recall, and also even if you look at many other coins that have grown super fast with more than 30% effective annual growth due to mass mining, you'll notice they're just fine. So trust me VIOR will reach way higher than you expect, and that's not even bearing in mind having potentially billions of people use this service, which would really need those "astronomical" amounts of coins to have a more even spread and enough access to coins for everyone. BTW, a lot of people use cold storage and never stake, so it would probably be like 50% of the coins staking and still probably not even all year long. For the record, I've fiddled with that calculator and imagined even 100% of coins staking just to see like 50 years down the road, but I didn't have a shit storm panic, because any real trader will tell you that emotions are your only enemy when you're a trader.