Re: [ANN][VRC] | VeriCoin | POS-NSDI | VeriBit | VeriSend | VeriSMS

Any reason for to current drop in price ?

Yes, there is a reason. The market is disinterested and apathetic about VeriCoin. Apart from failures and disappointments the devs being delivering nothing for the market, consequently the price is low. When the VRC devs announce such irrational shambles like the decentralized cloud storage then the investors just say, oh dear, here we are again, another pathetic vericoin idea, and the investors put the money into more sensible ideas.

Don't get me wrong, the VRC devs are very nice, talented and intelligent young men, but unfortunately their inexperience in business and the arrogance of youth prevent them to understand their target audience, business in general, incorporate good ideas and valuable suggestions from intelligent and experienced users like Barabbas, Monsieur Lupin, Kleineapp, etc. As most of their professional and life experience is from a PhD student lab, they just don't have the skills to perform this business (yet) and can't deliver a thing that worth any investments. That's the reality. That's why the price is 8k. What cheerleaders, fanboys says about how great Vericoin is irrelevant, the price speaks for itself.

However, as the market disapproves basically everything that VRC delivers, the devs will be getting desperate soon (just like they were desperate not long time ago when James offered his deal and the devs being under pressure, mainly from us, and took that offer). Then, the devs will admit that the cloud storage, VeriBit, VeriSMS, VISA card and other delusional nonsenses is not valued by the market nor crypto currency users, and then they will start thinking about to deliver something that matters. I think in long term VRC will be fine, because the devs are intelligent enough to learn from their own mistake, but this unnecessary long chain of irrational ideas like the decentralized cloud storage could be certainly avoided by being more open minded and less arrogant.

AltcoinUK, I appreciate your balanced approach to giving criticism here. Thanks. I do appreciate constructive criticism, it's what all people need to grow and change, it's just hard to hear when it's unbalanced and overly critical. Ultimately I am a scientist, I want as close to objectivity as possible. What do you think is our best move at this point? I wonder what it is you think would be a great addition to the technology.
Also although I have over 5 years of full time C++ coding experience, I had never done an opensource github project before so I didn't understand all the github conventions when we started this coin. So ultimately it looked like a scam coin github, lol, because I didn't fork it properly and so on. I have since improved the github and have started adding updates to the protocol and have started a new phase of coding novel protocol updates. https://github.com/vericoin/vericoin

Before getting into the technicalities, in my opinion there is a bigger problem, your marketing and current theme. Your current message that VRC is better than BTC doesn't say anything for the mass, your target audience. If I would be you, I would push very strongly the theme that Barabbas has put forward here, the Bank vs. honest, pure digital currency message. Two young scientists offers alternatives to greedy and corrupt banks, it's a perfectly marketable theme, even people like me who don't speak English a great deal get that Banks vs. people friendly digital currency message immediately.

As for in which area to progress, if James could collect 5 million $ and Ethereum was able to collect 25 million $ then one would think your transparent team - that terms of marketability is in a far better position than James and terms of marketability you are in the same league as the Ethereum team - is in a prime seat to be successful in this market. Still your coin is in a very bad shape. I fully understand you don't have the resource that Ethereum has, on the other hand James demonstrated that small scale operation and a clear and sensible idea could be successful even in this dried out market. In my opinion, pick up a blockchain 2 feature, something that can be incorporated into your blockchain. I fully get that's what you try to achieve with the decentralized storage, but that use case is not a good idea (see above your community tells it's why not a good idea). So what is the area to progress? In my opinion, either the decentralized marketplace or decentralized exchange, terms of software engineering both of them doable just like you can do the decentralized cloud storage. One thing is sure, you need to do something terms of software development to have a unique selling point and be more than one of the +500 BTC/LTC forks.
I am sure you will figure out :-)) the main ingredients to success are consistency and not giving up, and scientists like yourself have those attributes.

These are good points. Thanks. We will have decentralized exchanging through SuperNET so this would be redundant likely. What in a decentralized marketplace would be bought and sold? Question to the community, what would you want to buy in a decentralized marketplace with VRC?