I don't think you are saying what warr1979 is saying (not that it would make much of a difference because both things are exercises in absurdity, but just to clarify things). If I have understood correctly -and I know I have- he blames the Mintpal "affair" for having DELAYED the otherwise plentiful slew and magnificent releases by our dynamic dev team...

You, on the other hand, seem to point to the MP "affair" as the cause of the derailment IN PRICE of the coin, that was "gearing up for a good hard run..." instead. Just to make things perfectly clear, when VRC stopped trading because of the "affair", it was in the 37k level, having been recently above 43k and just days before touching 58k. When trading resumed, VRC traded for quite a few days in the 34-32 region. Subsequently, a very, very, very slow downside spiral started, without any rebound. In no way, shape or form it can be made related to the MP "affair". As a matter of fact, the fall from the low 30s mirrored that of many other similar coins, particularly BlackCoin -that still mirrors in price behavior- and NAUT.

So very wrong on both counts. The MintPal "affair" did not delay anything at all, not even the vacations of the dev team, and in no way was, even remotely, the cause of the monumental sell-off.

Just keeping the record straight.

You can like "the direction the coin is going" just like you may like the color purple. You are just another bagholder who tries to convince himself it's oke to remain invested in it, but this coin is going in NO DIRECTION WHATSOEVER, none atm.

And hasn't been since launch, by the way.

English is not even my third language, so I apologize in advance for all confusions in my post  :-))

Most probably I hold more coins than the vocal supporters combined have, for that reason I follow this coin closely, and therefore I can give you an objective :-)) overview about the state of VeriCoin.

Hundreds of investors read the CV of the developers a few months ago. The CVs indicate the developers are capable software professionals with fairly impressive academic background. We liked the transparency theme and such transparency was a really unique feature in the altcoin market at the time. Everyone thought the bright, capable, honest, young developers will pull off this project. It seemed the only option is a success and if any coins can succeed that will be vericoin. So what happened in the summer? Well, the biggest failure of the altcoin market in this summer is VeriCoin. The price is 9k, the order book is a pathetic 5.5 BTC and the volume is 20 BTC that puts VeriCoin at the second page of Bittrex. The reasons of this spectacular failure are

a) The developers don't work on the software. The general expectations were that the vericoin devs are responsible and reasonable professionals and they will put the hard work into the project, the professional pride will drive them to deliver. The reality is that they don't deliver. That's why it hasn't been released anything in the last 10 weeks. (the meaningless road map that is full of bollocks doesn't count as delivery)

b) The developers are not in the league of serious crypto currency professionals like Peter Todd, Gavin Wood or btcdrak to just mention a few. This summer made clear that in order to succeed in the altcoin market the developers need to posses more skills than the ability of forking Sunny King codes and add a few useless functions like VeriBit, VeriSend and VeriSMS.

c) There is no clear strategy for the development of the coin. Lame ideas like the VISA card take precedence over sensible suggestions and again, no real progress in any areas.

Of course the devs can change the situation of "a", "b" and "c" easily, even "b" is changeable as we don't talk about rocket science here but software development, they can study the code base of other solutions and build on that new features for vericoin.

As the current situation is a complete failure, I strongly suggest do not invest your 10 BTC in vericoin. Your 10 BTC investment will push the price up with 5k, it will make ecstatic the hardcore cheerleaders, they will perform the usual rituals and dances for the cult leaders, socal will write his usual hosannas about the coming 100k price. However, the fundamentals of the project will remain the same and 2 weeks time the price will be even lower than it is today.
I suggest you wait, let the developers start working and deliver (anything would be great really) and then if you notice any improvements then you invest the 10 BTC in veri[Suspicious link removed]d luck and let us know if you need more info :-)))