Quote from: buy4crypto on August 27, 2014, 11:56:29 AM

Quote from: libertynow on August 27, 2014, 11:48:09 AM

Quote from: buy4crypto on August 27, 2014, 09:51:28 AM

Just a scenario to ponder. The deal sounds really good, like, why not start it yesterday? Its free money right?

I emplore everyone to think of the attempts to bring down this coin in the past. This deal may be great, it may be bad. But please, do think about the implications of giving someone ability to modify codes, and the malicious things they could do.

I have no evidence, or even beliefs its the case here. But with the attacks on MP, DDOS attacks, and the overall hate that VRC seems to get from a vocal few. Remember the hack attempt? They extorted no btc from vericoin, you can imagine that they are not very happy. I believe forces could be at work that are still trying to bring this coin down, for whatever reasons where set out months ago when these attacks began.

If we where a coin, with no enemies, and nothing to lose I would say, start this plan juggernuts yesterday.

Realize VRC has enemies, and giving them access to make potentially malicious code that may seem legit, until its to late.

Why else would we have a RISK free offer to make easy money? I urge you all to think about it. I PM'd Doug some interesting points touching on a few subjects that, if successful will get us to be relevant. Its a unique approach that would benefit all of crypto, especially Vericoin. It won't be easy, people will have to do work, but the vision is there.

What I PM'd Doug about over the past few days. This debate is going the wrong direction, IMO once again. From what I believe the "culture" of VeriCoin should be. The goals I set out could become a reality with proper support and coordination. We need to think about investment differently in virtual currency to overtake bitcoin. We need to open up a new culture, a new market, a new way to invest in virtual currencies. The market opening up in 6-18 months is our chance to separate. This doesn't require immediate action, and failure! It requires thoughtful, quality work, and coordination.

An ETF is a basket of assets. Tell me what coins are positioned to be clean, scrubbed down and ready to be invested in by people who demand accountability? VeriCoin has all the accountability, integrity and connections that a coin would need to be considered for this ETF. We will see if this has legs, and I don't really want to give mention to what I spoke to with Doug, because It was a PM, and I feel that, if he is taking me serious, this could be a step forward to something larger than a "coin" and we could become THE virtual currency. It's not worth the loss of value, and there will only be room for so many coins taking this approach. Without going into detail, this potential shift in strategy would provide a clear vision for the future, with many actionable steps that will be taken along the way. Each of these designed to bring our currency longterm value.

Virtual currencies may look to stop competing with vericoin, and as part of the culture we could build on, many may actually want to work closer with us. A lot of big companies are looking at crypto currencies. Why not be that coin to WELCOME them all into our ecosystem, and culture. I have shown the light in which both coins could benefit from such an "outside the box" approach.

We will see what happens. If you expect the price to jump today, tomorrow, or even after you all know whats going on, don't count on it. I propose a lot of work for everyone in the community. I had Doug mention to me that my words may have inspired him in some way. I hope you all realize that this coin can be much more than the flavor of the month if you guys give them proper support and guidance. These guys want to do the right thing, desperately. Lets get on track and you will see a return to what made vericoin special.

The current state of crypto currency is war. Competing for the same dollars that are invested. I proposed a way to be not only peaceful, but to unite crypto currencies. To be a leader in regulation, to be honest, have integrity.. We need to use our strengths better, and shore up our weakness. The plan I proposed looks at the past months sample of work. I provided reasoning, and strategy that can turn vericoin into a powerhouse with not 1 technological advancement, even though these would be welcome to.

Good post! Would you mind elaborating on what you mean by "clean and scrubbed down"? What other top coins would not fall in that category? Thanks.

Coins with hidden developers, anonymous coins. Anything that would detur an exchange traded fund from owning it. The "COIN" ETF is going to bring in money from inside / outside of crypto. If you look at likely reality, the bubble is still forming in financial markets, if it doesn't and the bubble "pops" Virtual Currencies can win from that to.

I think our goal of bringing in money from outside crypto is the right goal. And, with patience, and willingness to work, our timing might be incredible if we come out with a ready product for the ETF market. When financial markets are bubbling hotter, and people are looking more aggresive than ever at speculative investments. I think you could see some real action next year in virtual currencies. You will have that ETF launch, coinciding with a Bitcoin halving again in about 2 years from now give or take.

Credibility, integrity, honesty. These are all things that people will want to see in a coin they are buying for an ETF. These things are built up over time. The last thing they want is PR that the coins they invest in are scams.

We can pave what the future Virtual Currency landscape stands for, while progressing blockchain technologies in more cooperative settings. Infact I think we can grow exponentially if we are one of the first coins to take on this task, with a credible team.

Vericoin ETF. No way mate. Not gonna happen ever.

Bitcoin will be the place to store your wealth, and no coin will compete with this. Something like BitShares will also be used as an investment product, a bit more like investing in a stocks.

Therefore having Vericoin positioned as currency allows us to complement Bitcoin and BitShares(or whichever Blockchain 2.0 coin becomes dominant). So the Devs idea of mass adoption is a good one we just need to make sure we have a solid strategy which I think is lacking so far.