I've decided to sell the last of my coins off over the past few weeks. I wish the developers the best of luck, but I think all of the altcoins are facing a grim future. Moving out of VeriCoin and back into Bitcoin over the past few months is probably one of the better decisions that I've made. I recovered most of the losses I sustained by investing in VeriCoin.
If the bag holders in this thread are planning on SuperNET saving the day, think again. My opinion is that all eyes will be on Bitcoin going forward.
I couldn't agree more that Bitcoin will be still the number one. The fantasy world of VeriCoin users that the quicker transaction time will be the main contributing factor in the process of Vericoin replacing Bitcoin is a pure logical fallacy which is the result of incorrect conclusion why the merchant adoption rate is low as well as lack of understanding how the Bitoin protocol works. It's quite amazing actually, that Jay Jay boy builds a full business plan on a logical fallacy. The delusional Bitbay users also think that quicker transaction times will enable them to fight with Bitcoin. Contrary what they believe, the merchant adoption rate for Bitcoin is low not because the long confirmation time. There is a well know method, the green address that allows instant transactions on the BTC network. Besides of that, there are more and more start-ups equipped with endless VC money to make merchant integration and payment processing with Bitcoin seamless. Bitcoin will be obviously fine, and these Vericoin, Bitbay, etc. coins wont be able to challenge the dominance of Bitcoin.
On top of that, the developers seem to be speaking about this coin as if it's a side project now, which would explain why the development process has slowed down quite a bit. My guess is they are probably busy with their real life responsibilities and don't have as much time or interest to give to this project anymore.
Yep, that's exactly what happens.