Re: [ANN][VRC] VeriCoin PoST Currency | [ANN][VRM] Verium PoWT Reserve
The consensus pairing will bring new attention to VeriCoin as it will be the only coin whose transaction performance increases proportionally with the security of the consensus across two independent chains with competing interests. Now, one would be able to get a better and better performing currency for almost no transaction fee cost, this makes for a good currency. With that it is simple numbers, more security, more tx/s, constant cost. This equation currently doesn't exist in crytpo.
First however, we need to enable the best possible technological environment for Verium's consensus success. By improving the efficiency and optimization of the in wallet solominer, solomining can be an integral part of the consensus. This in conjunction with GPU inefficiency, makes mining not too costly and increases power and value with numbers not with few heavy hardware investors like current PoWs. This means a real decentralized security increase along with performance.
One example of the benefits of the relationship between Verium and VeriCoin: There can much more easily be a blockchain based decentralized exchange between Verium and VeriCoin. Transactions can run parallel to their shared blocks and the address formats are the same. So you need not prove address ownership on the other chain, you know that the address from which coins were sent from VRC blockchain is owned by the same entity on the Verium blockchain. So multisig trading can, on the backend be relatively simple, then all that's needed is a nice front end to match buyer with seller. This is just one example, many more are possible, and many haven't even been thought of yet. People are grossly underestimating the power of the coin pairing, but I would expect them to, it hasn't existed in this way before.
First however, we need to enable the best possible technological environment for Verium's consensus success. By improving the efficiency and optimization of the in wallet solominer, solomining can be an integral part of the consensus. This in conjunction with GPU inefficiency, makes mining not too costly and increases power and value with numbers not with few heavy hardware investors like current PoWs. This means a real decentralized security increase along with performance.
One example of the benefits of the relationship between Verium and VeriCoin: There can much more easily be a blockchain based decentralized exchange between Verium and VeriCoin. Transactions can run parallel to their shared blocks and the address formats are the same. So you need not prove address ownership on the other chain, you know that the address from which coins were sent from VRC blockchain is owned by the same entity on the Verium blockchain. So multisig trading can, on the backend be relatively simple, then all that's needed is a nice front end to match buyer with seller. This is just one example, many more are possible, and many haven't even been thought of yet. People are grossly underestimating the power of the coin pairing, but I would expect them to, it hasn't existed in this way before.
Dear Veritard in Chief
Quote
The consensus pairing will bring new attention to VeriCoin
So you "create" shitcoin VRM "the reserve" to bring attention to shitcoin VRC "the currency"!? and what now, how are you gonna bring attention and demand to the new shitcoin VRM?! let me guess... creating yet another shitcoin? ahahaha
Quote
transaction performance increases proportionally with the security of the consensus across two independent chains with competing interests.
Who gives a shit about transaction performance and security if no one apart from 4 and a half retards is using the network to transfer value dear veritard?
Quote
Now, one would be able to get a better and better performing currency for almost no transaction fee cost,
Who gives a shit about transaction fees if no one apart from 4 and a half retards is using the network to transfer value dear veritard?
Quote
this makes for a good currency.
Wrong a good currency is one that is generally accepted, the more accepted the better the currency sweet veritard, transaction speed and fees are secondary.
Quote
First however, we need to enable the best possible technological environment for Verium's consensus success. By improving the efficiency and optimization of the in wallet solominer, solomining can be an integral part of the consensus. This in conjunction with GPU inefficiency, makes mining not too costly and increases power and value with numbers not with few heavy hardware investors like current PoWs. This means a real decentralized security increase along with performance.
Wrong again, first you need to attract demand and liquidity for the currency via users and speculators, and the last thing they want is a 3 BTC per day volume mine and dump shitcoin with miners eternally dumping and depressing the price
Will solomining botnets be part of the consensus also? Ah well the low liquidity and decreasing value gonna take care of that ahahaha
So the technological environment increases "value" and power? Do you mean the shitcoin you sold for 60k-100k/100k-190k satoshis a piece selling now for 70k sats with 3 BTC volume a day? Is this the shitvalue increase you are talking about?
What about the "power" increase? do you mean hashing power perhaps? 0.8 GH/s? ahahahaha
So yeah, in a nutshell, this means a real decentralized security and transaction performance increase no one gives a smokin' turd about, because no one uses the network to transfer value yesss ahahaha
Quote
One example of the benefits of the relationship between Verium and VeriCoin:
Oh finally, here it comes, the real world use case!?
Quote
There can much more easily be a blockchain based decentralized exchange between Verium and VeriCoin.
ooohhhhh so the use case is... a blockchain based decentralized exchange between two shitcoins no one apart from 4 and a half retards use?! ahahaha you gonna kill us all what a joker... you should try stand up comedy, you've got it in your blood my sweet veritard!! but wait there's more...
Quote
People are grossly underestimating the power of the coin pairing, but I would expect them to, it hasn't existed in this way before
Roughly translated "if only the market "understood" my creative genius"... ahahaha
Jokes aside, at least you stopped making a fool of yourself with the bullshit "mining will increase demand and value for VRM "the shit standard" because of electricity costs" and that is certainly an improvement...
You must be one of those rare academics who lost contact with the real world... ahahaha
lol lol lets see what @veryveryviral will answer hehe