Re: [ANN][VRC] | VeriCoin | PoS - Dynamic Interest | SMS

Can someone clear something up for me. A lot of people are saying that VeriSend and VeriBit are centralized which obviously is a bad thing, others are saying it will be decentralized with the wallet integration. Question is, will it actually be decentralized, or will it rely on a central location for action? Explain it to me please.

VeriSend will become decentralized as more people setup ring nodes to process the VeriSend transactions, anyone can setup a ring node.

VeriBit is and will remain Centralized for the time being

How do you set one up. I am assuming one more and more people do that, the node you setup becomes open to the network and starts processing other orders?

I am a Networking guy and I am also willing to set one up

I believe instruction are on Vericoin.info and if not then I will see about getting them posted up there

We are not finished open sourcing the software yet (no comments in the code, not particularly easy to setup, etc.). We are working on it and will share the details when it's done.