Quote from: etang6000 on November 15, 2016, 01:16:45 PM

Quote from: griffen1102 on November 15, 2016, 01:03:29 PM

Quote from: etang6000 on November 14, 2016, 08:03:39 PM

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Quote from: etang6000 on November 11, 2016, 11:31:22 AM

Quote from: wgd on November 10, 2016, 08:30:27 PM

many miners go to zcash, from the standpoint of mining vrt looks good, but price ... and a view of the future looks badly oh badly Roll Eyes

Zcash does look interesting. I'm waiting for it to settle before I do anything with it. The price started around 1.5 btc and now it's around .2 btc . The creator of vertcoin made that .

Poramin didn't make Zcash (or Zcoin). His former professor at Johns Hopkins, Matthew Green, is an author on both of the papers describing these protocols ( http://zerocoin.org/media/pdf/ZerocoinOakland.pdf and http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf ), Poramin Insom is not. The creator of vertcoin (Poramin) implemented zerocoin, first in a closed source scam called Zerovert, and now later in a hugely instamined coin called Zcoin. He is unaffiliated with Zcash (which is also scammy) afaik.

The closed source 'scam' is explained here:

Quote

When Zerovert was launched in November 2014, it was primarily an experiment and we didn't have any investor backing. We still wanted to protect our work and thus our only choice at that time was to make Zerovert closed source so that it could not be copied. However we quickly realized that in the cryptocurrency world, closed source software made it almost impossible for our project to be vetted and hence taken seriously so we were in a quandary.

Zerovert was originally intended to be part of Vertcoin's ecosystem however Vertcoin's community were not keen on it. Zerovert's also suffered from very poor performance and had huge scalability issues and therefore the project went silent while we figured out how to solve many of the challenges we faced with Zerovert.

We subsequently managed to fix many scalability issues and these changes have been incorporated into Zcoin. Starting afresh with Zcoin allowed strong investor backing from the likes of Roger Ver and allowed us to dedicate ourselves fully to this project rather than a mere experiment. With investor backing we also could finally make our code open source while still protecting our efforts. These considerations were what prompted us to wipe the slate clean with Zcoin instead of continuing with Zerovert which was never intended to be a serious project.

Instamine and founder's reward are pretty different. Instamines are created upfront while founder's rewards are spread across through the time and are transparent. This ensures that the founders cannot cash out immediately and are incentivized to keep development ongoing at least for the duration of the founder's rewards (4 years in Zcoin).

I spoke with Poramin has not ruled out returning to help out with Vertcoin development once he implements some important fixes with Zcoin. He had thought he had left it in good hands with two devs but when those devs moved on with life (working on startup and studying at MIT) Vertcoin's development was stalled. It wasn't the intention to 'abandon' Vertcoin and he spoke to me about how he wanted to implement EVM for Vert when has has time.

We spoke to him on slack a while back he said he would like to come back and help but he was studying for his CISSP and would help us after Dec 28th. Also, I don't think we are going to EVM anymore . With the size of our team we would be able to keep up with all the forks . Maybe after all the bugs are worked out it would be better .

This is getting a bit ridiculous. Even if this Poramin "I spoke with him and he said..." guy comes back Vert still has no plan, and honestly looks like Poramin has a shit reputation in crypto. We're all holding our breathe for a Chinese pump that, as time goes by, keeps looking less and less probable.

Like I said before I have the same interests in this as all of you. I don't get paid for this, no one working on the team does. You guys can complain and speculate all you want, but until you contribute something it really doesn't matter how much you complain. Sure, we could fork and have a nice chunk of the block reward go to the devs so they could get paid for this, or have a "presale" and fund ourselves for a while, but we don't want to do that. And you all wonder why the other team member don't come here .You sound like the bunch that would complain that free ice cream is too cold.

IF you got funding what would you do with it? Do you have a plan that hasn't been released to the community? You say you work for free but honestly, nothing has happened here in months so what work are you actually doing? You've got no plans to make Vert relevant again seeing as how EVM has been likely abandoned. You have to inspire people to want to give you money, and personally I don't feel inspired here. I think the community's concerns are very different from what you would call "complaining that free ice cream is too cold".