This request for a "moderated forum" is as absurd as the demential cheerleading ... and, peculiarly enough, by the same usual suspects... They have had Veritalk for a long time, fully available. They have reddit. They have the orgiastically cheerleading (and fully censored) IRC channel but, hey, they still want yet another thread. In actuality what they want is a censored place, one more, where no voices of dissension are ever heard. I'd say go for it: It is very, veri easy: Just create the damned thread, moderate is as much as you want and get done with it. I mean you are quite pathetic already but if you want to be even more... Get it through your thick and idiotic skull: No one, but a half dozen altogether, will ever go to those stupid places, ok? You want you coin dead? Just close this thread... or, to be more precise, follow in the footsteps -as in so many thin gs- the Blackcoin example: They have "flourished" indeed, since they opted to close the non moderated thread. But hey, you are dying to commit harakiri anyway so be my guests...
THE VERICARD POOF...
As I had anticipated since the get go, the "secret weapon" (still nothing about the plural announced by Stooge #1), has turned to be a "poof", a queer fart of no relevance whatsoever.
OK, it is following in the tracks of Blackcoin, again and, like BC, condemned to be a huge failure.
Some here have pointed out that it is a step towards mass adoption... No it isn't. Mass adoption, as clearly pointed out in my raw flyer for WVD, passes by presenting any and ALL forms of credit cards, as the bad guys along with the banks. Jane and Joe Sixpacks would be piqued by Vericoin PRECISELY, because it is the OPPOSITE, direct OPPOSITE of banks and credit cards, not an enabler.
I dont give a flying fuck if someone has sold the Stooges on the idea that it will "make it easier" for average people to use crypto currency. Average people will never use crypto currency because it is easy to use -which is not to say it has to be complicated, mind you-, they will use it, paraphrasing Anthony Quinn in Lawrence of Arabia, "because it is their pleasure" and will to do so. Because they want to circumvent the banks and their credit cards, NEVER, EVER, because they want to make them fatter... as well as Coinsis or whatever the name of that intermediary is. The WHOLE purpose, the whole selling point is to eliminate, precisely, those parasites, the intermediaries. Jane and Joe Sixpacks understand VERY CLEARLY, that if they don't use intermediaries they don't have to pay for their offices and the multi millions in salaries their executives get. Both Jane and Joe get that immediately. From their wallet straight to the merchant or the friend or family member they want to gift across the planet. THAT is EASY. This is BULL SHIT. Again. No one will ever use it, no one. Just like no one uses Coinkite or will ever use Moolah. The whole PURPOSE of crypto is absurdly diluted here. The whole thing couldn't be simpler: From my wallet to whoever I want, merchant or partner, direct, immediate and without any (or almost) cost. Period. Nothing more, nothing less. Joe and Jane will GET IT, no question about it. Just like they smell bull shit in ratios of miles, like this "deal" is.
Now, UK doesn't "get it" either when we talk about "mass adoption". He's quite right when he states that mass adoption is a pipe dream. It is. It will continue being, even for BTC, as long as the volatility is so brutal. Makes perfect sense: Businesses, of practically ANY size, but obviously the smaller the less, cannot afford such volatility. So ANY adoption will necessarily pass through the cryptocurrency of choice being converted to fiat IMMEDIATELY. That's not adoption! That's another form of using intermediaries (and paying for them) regardless how you want to call them. So the barrier is not just BTC, the barrier is the PRICE of the coin. And as long as that price is not reasonable stable, no merchant will ever operate in crypto. They may accept it as payment, just like they accept VISA or Amex, but charging for it what those companies charge them (3-3.5% or more). In crypto they will charge whatever they are charged for the immediate conversion to fiat. What are they after -Coinsis and the merchants that accept crypto, along with the dozens of other intermediaries? they just want to tap, as paying customers, the community of dickheads in crypto, those idiots bent on using their coins to buy stuff believing they are opposing the system when, in reality, they are making it fatter, paying even bigger fees to a new horde of centralized intermediaries who, like the established ones, just want to suck them dry.
Mass adoption, passes through, first, MASS AWARENESS. And then, price stabilization. That is coming very soon when people will be able to short BTC (and others, eventually) through derivatives, just like in the rest of the markets. It is coming VERY SOON. Along with regulation. Those coins positioning themselves as the good guys, will survive. Those playing for the bad guys, probably too, I don't know but if their tech continue advancing like until now, they stand a chance to be ahead of the feds. But the good guys will eventually cross over when their gains -and losses- will be no more than 5-10% at a time (cycle), not before.
And guess what? Those surviving -and thriving-, will be the ones that GET IT, not the ones that cater to the credit card lobby.
So the Vericard, pretty much like the rest of the "features" is an exercise in nothingness. Nothing bad but certainly nothing that's any good. Vericoin was much better without it... except that it was, and remains, a helmless ship, totally at the mercy of capricious winds and without path or purpose.
This time I have to agree. There will be plenty of fees.
1.for the exchange
2.for the transaction
3.for the card issuer
Did I forget some?
All of this to feed the banks. What is not the purpose of digital currency.