Quote from: kasman5 on August 30, 2014, 12:23:02 AM

Quote from: GaliX on August 29, 2014, 11:45:24 PM

Quote from: altcoinUK on August 29, 2014, 05:00:00 PM

Quote from: Xosihc on August 29, 2014, 04:46:46 PM

Well... the purpose wasn't so much to actually give them enough money that they can go buy something valuable - more so, so they can feel the experience of using digital currencies. Please keep in mind we are working with a limited budget. As much as I would love to hand everyone that walks by $25 we have a total of just under 12,000 VRC to be handed out. At current prices that about $500 in USD.

If you would like to donate $5,000 worth of VRC to the cause I'd be more than happy to give each person that walks by $100 Wink

I understand the constraints of the operation, I was not trolling and was seriously worried that in your place in Minnesota people will be pissed off from the $1 gift. But you know marketing, especially you know what works at your place, so if you say so I am sure everything will be fine.

I am ready to donate 100k VRC in the next 5 minutes to support any ideas that take this coin to the next level :-)) and I said to you I have nothing but respect for your hard work, but this event unfortunatelly will not change anything for vericoin, except that you feel very well that you have done something and probably that makes worthwhile the whole thing. So I am keep waiting for the opportunity to show my support. :-)))

As I posted 150 pages ago:

Quote from: GaliX on August 06, 2014, 10:08:43 AM

Could you guys imagine how big a true (and on top audited) decentralized exchange would be? People would swarm in like crazy. There is a long talk about a decentralized exchange in the BTCitcoin community since the Mt. Gox drama. People like Andreas Antonopoulos are very interested in this for a long time now. We could also get a lot of media attention over Andreas and Let's Talk Bitcoin. If Adam B. Levine is talking about a coin it's like like an accolade for the coin on the long term.

There is a big big demand to get an exchange in which assets are not steal able. Neither by the people running the exchange neither by hackers. The single point of failure hurt a lot of people. There is no exchange I am currently trusting. Mt. Gox, Poloniex, Mintpal and other have proven again and again there will also be a point of failure. In the end it doesn't matter if a Government, an admin or an Hacker creates this situation where assets are gone.

Vericoin is currently one of the few coins competent, active and on top smart enough to achieve this milestone in the Bitcoin history. The demand is just huge.
But it would take 3 People too long to get a working exchange in time. We need to get bigger. Volunteers (which can be tipped), investors for a foundation to hire people and make the hole process accelerate.

The foundation should get in the end most of the fees charged by the exchange to make it lucrative to them investing.

I would love the see Vericoin to succeed. But if we can achieve this. This would be outstanding. This is a real opportunity to get big.

In my opinion the exchange should aim high to get attention.

--> get a white paper. Where do the dev. want to head. What are the ideas?

I would suggest:

Step:
1.) Create a base the exchange could operate on. Possibly a unique Blockchain 2.0 ? I am not sure if a decentralized exchange could even operate on the current blockchain.
2.) Create the exchange. Just a simple test version integrated into the Vericoin Wallet to find problems. (Make it Multiwallet to people can keep both Bitcoin (lite weight client) and Vericoin in one Wallet. People would just swap coin to get interested if you want to hold for a longer time.
3.) Make the exchange accessible over the browser. Create an Veri-exchange only Wallet
4.) Add Altcoins

and then we got already a lot. The far future ideas would be:

-Veribank comes alive. Create a special token/coin (maybe Ripple style) and make it simple 1 coin/token = 1$ accessible for all Veribank users. Add this token/coin to the exchange.
And BOOM Vericoin became a big player and could even take over market cap of big Bitcoin exchanges like btc-e, bitstamp and even OKCoin simply because a p2p exchange with FIAT would be a kill blow to them.

-Create tradable contracts over the exchange.

But I am not sure if the dev of Vericoin even want to head this way.
I know this is a shit lot of hard work. But the possible value out of this is not even predicable.

I would love to see them heading this direction and would support this heavily.

I still think this would be really big. If you can give all the Bitcoin traders a decentralized platform they can indirectly trade BTC / Dollar (1 VeriBank Token = 1 $) and many other altcoins as well. Once this rounds up with Veribank it would be unimaginable how big it would become.

I know it's a lot of work to get to this point. Sadly I don't have enough programming skills and therefor I am not sure how this could even be realized in the end.
It was just a basic idea I had back then. It can should be developed and a few ideas should be added. But this could bring a lot of value to Vericoin itself when it's done right.

Feel free to add your thoughts on this idea. Maybe we can get to a point where we can pass this on to the dev. team.

It's a good idea but we've got three devs that are up to their eyeballs already. We would need a team of devs to even compete. Look at BitSharesX this is already happening, Ethereum has a shit tonne of investment plus a lot of devs working on it. We need to focus on being the 'cash' coin.

This whole thing is as preposterous as it could be. And then some. Like asking a one legged man to run the 500 meters in under 1 minute. Even less likely.

The devs that we have cannot implement the simplest of things -like a working wallent, or a multi-pool-, and you expect them to create a decentralized exchange? Huh

what are you nuts? Huh