reasonably speaking, I think it will be the end of bitcoins, but looking to it in another way, That will probably be the end of the world as we know it right now if the internet as a whole "goes down".. Again there is no indicator for that and this question is the same as asking what will happen if the sun shuts down or anything like that.
The whole world is ran by the internet, if it goes down, so does everything in the world because we as humanity can only move forward, not backwards.
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BoardAnnouncements (Altcoins)
Re: [ANN][VRC] VeriCoin PoST Currency | [PRE-ANN][VRM] Verium PoWT Reserve
Don't forget that Bitcoin was originally developed to be mined with a simple PC using a CPU until someone was able to figure out how to us a GPU and ASICs where born.
This is so true. I had been with Litecoin since birth, one of the reasons being it took it back to giving the ability for any computer to mine. I won't say there was no way in hell that Satoshi didn't know ASICS and crazy crazy rigs would be at the level of the business it is today with mining and pools, but I do not believe it was the intention, and again, why something like Litecoin I believe was even able to get footing and literally create a whole new genre of currencies with "Altcoins", and I really loved how Litecoin had faster transactions and anyone could mine. Now we have Verium and something really new and beautiful with having this coin pair existing. What a time to be alive The future is now, if you profit, make sure to spend too. I have been a user of Veribit within the Vericoin wallet for many a Gyft cards in my day and will no doubt be grabbing a few Amazon gift cards soon, but really hope to see VRC merchant use.
That's exactly what we need, some VeriCoin merchants. At least some websites that accept VeriCoin, as well as other currencies too. Why not.
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BoardAnnouncements (Altcoins)
Re: [ANN][VRC] VeriCoin PoST Currency | [PRE-ANN][VRM] Verium PoWT Reserve
Solo Mining sucks. Is there or will there be a mining pool for Verium?
THX
Mining is meant to be difficult. The devs are trying to build a solid, digital commodity through work...as in computational work which gives some of Bitcoin its value. Verium possibly in the future could compete...with Bitcoin as it does solve a serious problem with scaling. Don't forget that Bitcoin was originally developed to be mined with a simple PC using a CPU until someone was able to figure out how to us a GPU and ASICs where born. Verium will be very difficult to mine this way with hit high memory requirement.
Making something difficult to obtain may give it more value and be something sought after. When paired with Vericoin we will have a true commodity/currency dynamic.
As for pool mining I'm sure someone will come up with a way to pool CPU power, cloud mining seems like a possibility.
In either case, I still plan to trade VeriCoin for the Commodity Verium, just to hold it because I am sure it's going to go up in value. Maybe not to where BitCoin is, but I think the pain is very undervalued. Bothe VeriCoin and Verium should be in the dollars. Will happen one day.
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BoardAnnouncements (Altcoins)
Re: [ANN][VRC] VeriCoin PoST Currency | [PRE-ANN][VRM] Verium PoWT Reserve
To much drinking and drugs....Doug threw up Pat's pimp hat, and David was screaming like a girl running around in his underwear saying "Verium is here! Verium is here! The end is near!" I think it was the shrooms. Anyways cops where called and there was a shoot out and everyone was killed by the massive heat from the supercomputer mining machine "Mr. Verium". Everyone's dead that's what happened and I'm sticking to that story;-)
haha that's really believable. But sounds possible.
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BoardAnnouncements (Altcoins)
Re: [ANN][VRC] VeriCoin PoST Currency | [PRE-ANN][VRM] Verium PoWT Reserve
My answer is no. Firstly, because bitcoin price is unstable, one it can be $600 and next day - $600. Secondly, there are no places where I can spend bitcoins - i would have to exchange to my local currency. So, I prefer to get sallary in Euros, and I think situation won't change in nearest future.
Bitcoin is only for the people who are willing to take risk but the reality is most of the workers are not risk taker, they are working in a company because they wanted to received a fixed salary that they can use for their family to feed the children, if the value will depreciate that would be a big problem.
It also makes me think that there could be no companies willing to pay the salaries of their workers with bitcoin, on one side of bitcoin prices may fall it will make a mess of their calculations.
BitWage is a company that does just that. They pay you in BitCoin.
I'm new in bitcoin so i need your opinion. Lately, i loss $100 in all my investment.Because they say Don't put all your egg in one basket so i scatter all my money in some investment site like cloud mining, hyip and ptc site. But all of them were gone one by one aside in genesis. So i am thinking to buy a hardware and put up my own mining. Can you recommend what kind of hardware i can buy from cheapest price? And also how to setup that hardware? Since i am living inside the campus is there any threat/risk using that hardware?Looking forward to your suggestion. Thanks
Warm Regards, Deos
Don't mine bitcoin. difficulty is too hard for anyone with small time hardware. > 100 000 $
Don't mine at all, if you want to invest, just buy the bitcoin, or buy ethereum.
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BoardAnnouncements (Altcoins)
Re: [ANN][VRC] VeriCoin PoST Currency | [PRE-ANN][VRM] Verium PoWT Reserve
Hello i am hoping someone can help me. I did buy some Vericoin and downloaded the wallet after. I opened the wallet and got my Address and deposited my coins. The wallet had not synced yet so i left the computer on and headed out.
When i came back the computer had shutted off and when i turned it back on, i got an error trying to open the Vericoin wallet.
This is the error i got: 'Fatal error occurred. Vericoin can no longer continue safely and will quit. EXCEPTION:St13runtime_error init_blockindex():error opening database environment IO error
How can i restore my wallet and get my coins back safe? I went to the Vericoin folder but can't find any wallet.dat file?
Please help
Like Pat, said delete everything BUT the wallet.dat in %appdata%/vericoin....do not delete WALLET.DAT