The entire Escrow Fund now belongs to the VRC community!

So there goes ALL the FUD out the window.

We appreciate what James brings to the table and hope to continue a solid partnership going forward.
We'll still be asking for donations to increase the Escrow as that will help the community in a lot of ways down the line but yeah… this is a WIN/WIN.

Smile. Looks good on ya.

Jay Jay
@VeryVeriViral

So how much VRC do we need in total to get this deal done? I've seen a variety of numbers floating around here.

Also where are we at as far as donations go? I know we have at least 100k VRC coming from altcoinUK 

Wow, you do have a soft side.  Not being sarcastic or anything but I was thoroughly impressed by your response to this newbie question.  Keep them coming and we will have a community every other will be jealous of as soon as we also figure out which direction we are going.  Again, thank you for your support.  I always knew you had a softie center in the middle of all those rough edges.


Edit:  And this is after one Small 471 Batch beer with 9.2% ALC. By Vol I am writing this, currently working on a second. 

@wreathy

are you hired from B to quote his crap over and over again?

When will the new forum be finished?

Oh then by all means hurry up and close it and proceed with those fabulous deals you are aceing with third parties such as moolah and coinsis.... since those have proven to be so beneficial for the project (I know, I know, by 2040  we'll begin to see how beneficial they are a what a visionary you were). We are quite literally  forcing you to do what you have been so.long aching to do... go for it Nosker and, by the way, you can take the historic opportunity to tell everyone exactly what the purpose of the transfrr of you 200k vrc was.

So there are no more doubts or confusing interpretations...

You can also clarify that the dev team is not going to enter the vouching of new escrow businesses business.

Hey VRC holders: We have some stuff we're working on but many of our potential partners are insistent that the community stop attacking each other and acting so childish. So please, let's try to be civil here or we will be forced to close this uncensored thread.

       

Aspergers?

Mainly because of work - I haven't had the time to post on here to the degree I would like to.

I would however like to take a moment and chime in my 2 cents on the recent debates and say NO WAY should we moderate these threads. Everyone is entitled to their opinions (both good and bad) and it's sad to think people want to ban those who simply disagree with their side.

It's great to hear there are going to be new, moderated forums outside of BTCtalk.org - I will however continue to use this website as my main channel for communication. Why would I want to go to a website where I only hear like minded people agreeing with every thought? The strength any idea gets comes from those who challenge it.

OMG.. what has become of this thread...

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 solution 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 vericoin.

Good luck and let us know if you need more info :-)))

You have to take into account that this flyer was made for a particular promo where the stand will be giving some VRC to the people that pass along the Minnesota State Fair. So that last "we'll fill it up with some VeriCoin" doesn't make much sense. I can make a quick version without that last text and that would make it more useful.

@Patrick Nosker:

Once again, I implore you to get off these boards. Get off Twitter. And Reddit. And IRC. As a matter of fact, get a medium-sized hammer and smash all your phones. Use only -and as sparingly as you possibly can- hard line phones. Please.

Every single time that you open your mouth, every single one, bar none, what comes out is inappropriate, unnecessary, arrogant, utterly stupid and detrimental to the price and progress of Vericoin. EVERY SINGLE FUCKING  TIME. Enough! Stop it! You are 100 times more toxic to VRC than your pal socal is.

You want proof? Just track the price's behavior after you make "an appearance"... sHEEEESH!!!

Dude I lost a fair share as well but you see me whining or fudding? Pnosker is a dev but he's also a marketer hence the active role in promoting the coin.. give it a rest.

I will start with a few key points, I could go into detail on many of these issues, but I will try touch on points without going into depth to much at this time.


I think VeriCoin started to go wrong months ago when the game plan was hatched on these forums to gain interest in VeriCoin. If my research at the time was correct the push came for price movement, over core development. At this point is when we started talking about "who is dev 3" roadmaps, and other things generally building a high level of speculation into the coin.

Now, for "x" reason this coin couldn't stop going up for a little over a week, and it was all based on upcoming events, and not released products. At this point. The market gave VeriCoin credibility, You, and the other 2 developers offered something refreshing to many investors, a look into who you where as a person. The market rewarded VeriCoin for what it stood for, and where it was going. Many of us felt the team was honest, and has integrity. Which I feel is 100% accurate today, and why I think this coin can be a winner under proper leadership and guidance.

At this point, IMO. Time seems to verify that we became the target of the get rich quick crowd at our own doing. They quickly realized that you offered something unique and valuable in crypto. A capable team putting out great releases, with the credibility to match. You can see it all to clearly that this coin was manipulated by outsiders, some of which gained the trust of developers, and through that trust, gained the trust of many community members, who they in turn took advantage of for fast profits.

I think at this point, our best bet, as a coin is to say what vericoin is. and what it isn't. A nod to what barb said and that we need to be the good guys, its the only unique feature you may even have in crypto, with first mover advantage, and a incident with MP that didn't kill the coin. If harnessing that energy properly it may be able to propel VeriCoin back to great heights.

To do this I would suggest taking down future roadmaps, getting rid of roadmaps alltogether. Work on more personable pages for the team, for the extended team as well. Figure out a vision of where VeriCoin is in the future, how its successful, and how it gets there.

What do you want the vericoin culture to look like years from now? Start getting those pieces in place. If the community is this strong with 3 devs, and some loosely affiliated community helpers, imagine what a coordinated suite of capable team members would do to confidence in the coin? What about pushing VeriLeaders to be public representatives available through skype and other avenues, I would do it, more than willing. What about helping out all of crypto, instead of carving out a niche. "The good guys" Right? We can support coins and services. Rather than compete. If we cannot put out a better product, by leaps and bounds, let others waste precious time and resources, while we figure out where we can add value to virtual currencies. Making second rate products, making to many products, and leaving things half done will never bring us advantages over coin "x"

VeriCoin needs to streamline what it is. Things that are done, need to be done well from the community projects, to developer projects. Communication during times of significance like this between key investors, and product/service leaders is key to being successful. We can create value that we may have overlooked before being complacent in good times. Now we know that promising things, for the sake of keeping momentum is not the way to go about things.

IMO, we should try a strategy related more closely with finding a vision for vericoin, and putting pieces in place to grow our vision. Do it with the same positive attitude, and integrity that you, and the team have shown through this process and IMO VeriCoin will be rewarded.



I Hope we can start bringing some more sense to what vericoin was, and is. So we can refocus our energy on what will make vericoin overtake bitcoin. We won't beat bitcoin in any technological race, give up that now. You need to beat bitcoin the only way it can be beat, and its a outside chance. We need to be the first to welcome regulation and a face for people to invest in.



Think Winklevoss twins and the upcoming Virtual Currency ETF. We have 6-18 months to make a impact on the only 2 people that matter IMO in crypto right now for us. We have developers in NJ, they are in NY. We are honest, and they will need to diversify. Think how many coins will not meet requirements for that ETF. We need to be one of the coins positioning for this. Take the good guy approach, get us to be the first regulated virtual currency and investors will be rewarded in the end.


If you want me to be more specific in regards to a question Doug, please respond here, or in PM if you wish to discuss this further there.