Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
by
GaliX
on 06/08/2014, 16:44:49 UTC
There seems to be a bit of confusion between what a "market" and an "exchange" ( add to both the "decentralized" adjective and you have the "magic" wand), are.

If we are talking the former (market), there are plenty of examples of FAILED marketplaces already, both within the platform of coins and out of them. The idea of a crypto-based ebay, as opposed to Pay-Pal based Ebay, simply doesn't work. Decentralized, even less. Period. Forget it, file, destroy. Never think about it again.

If we are talking about an "exchange" where you can trade crypto for crypto and fiat for crypto and viceversa, we already have several quite established, one partial (Coinbase, only BTC for fiat and viceversa) and one full out (Cryptsy). Now, it seems to me when the adjective, the "magic wand") is added, we are referring to an underground market and/or exchange... and that's just an absurd pipe dream with no viability whatsoever nor practical purpose.

Yes there was -and I understand there still is- Silkroad. And yes, it was/will be put down again and again. There's simply no future in it and, definitely, not for a coin which is bent in reaching mass mainstream adoption and operate within the laws.

So please lets leave the jerking off off the forums and concentrate efforts in what's plausible, doable, effective AND susceptible of actually being use, hopefully by a growing part of the general population. Distracting the devs with "magic wands" that will never be viable is simply counter productive.

And, once again worth repeating: There's no direct fiat integration without real world, costly LEGAL authorization. Nor there's need for it: Go to Cryptsy and you have it already made.

The price -only concern of posters here, really- will move not on absurd hype about future "magic wand" releases, but on seamless working of current ones and signs of progress toward mainstream adoption. That's job 1.

And VRC is doing an extremely POOR job of it, by the way... partly, I believe, because of those constant, never-ending distractions.

Go to merchants and offer the obvious strength of VRC: 20 million (roughly 80% of all coins) coins staking meaning thousands of not just potential but SURE customers when they can buy YOUR products and services with VRC. Just like the community is staking in amazingly huge numbers at the request of the devs, they would purchase those goods and services when prompted to do so and allowed to do so. One thousand, two thousand customers are, can be, the strongest customer support any medium/small business can have. A very desirable customer base for business of ANY size. The adoption WILL happen... if offered properly.

But no one is doing that. No one at all. It is, obviously, much easier to post here asking for "magic wands" on which to unload the bags.

Once again, nature of the beast... and reason why, mainstreamwise, crypto is at a stalemate. Just like VRC.

-First of all it sounds great. Just offer merchants to accept VRC. Why should they not take LTC or Dogecoin or oh wait.. Just Bitcoin? Why not just pay with VeriBit? All these coins are much more mainstream while VRC is very special. On top they are very stable compared to VRC. It will take a long time until a customer even had heard about VRC. Offering VRC to merchants would skip at least 3 steps for my understanding.


Exchange:
You don't understand the advantage of a true decentralized exchange don't you? Cryptsy has a bad reputation under the community. Mt.Gox stole/lost Million of $ worth of BTC as well as FIAT. Mintpal got robbed. Poloniex got robbed several times. BTC-e could be closed over night because nobody knows where or what they really are.
What's the problem about these exchanges? Yes they are centralized. These exchanges will always have trouble securing assets. A true decentralized exchange would take out all this risks. You could still lose your assets if somebody steals it from you. But this is your own fault in the end.

Markets:
I agree with you, it's really hard to create a p2p Market. But who says it has to be shady and underground style? I think you misunderstood what p2p in the end stands for. It doesn't many illegal, criminal or underground. There will be rules for sure in a successful Market for sure to prevent illegal activities like it happened on Silkroad. And Silkroad was also centralized.


Read what Ethereum is and understand why the dev team already collected over 14 Million $ in Bitcoin. And they haven't even shown a working product. And people still buy Ethereum in a presale like mad.