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Showing 20 of 31 results by Sir loin
Re: [VRC] VeriCrap PoST Currency | [VRT] VeriTurd PoWT "Shit Standard"
What a bunch of impatient crybabies. Did you guys come here expecting to "get rich quick" or what? How long was the Internet in development before it became well known and commercially viable? Oh, sorry forgot, it is still in development. How about Bitcoin then? Oh, sorry forgot, it is still in development and took years to get where it is today. Both have an army of developers and contributors.
Give these guys a break ok? They are working on a quality product, not a "get rich and disappear" scheme. How about giving them a hand or at least some support? If you all hold VRC/VRM then you are cutting your own throats with all the accusations and negativity. Grow up or get out.
Thank you for saying that. Give these guys a break ok? They are working on a quality product, not a "get rich and disappear" scheme. How about giving them a hand or at least some support? If you all hold VRC/VRM then you are cutting your own throats with all the accusations and negativity. Grow up or get out.
Yes. Developing crypto is an ongoing process and as long as we continue to develop and better our technology we don't need to worry. But as our price is under market value, people get scared and talk negatively about VeriCoin because they are not getting rich quick.
You just bought at around 4500 sats and can't wait to start the shilling or can you our veriwanker? GTFO you clown
hahahaha
Re: [VRD] VeriDung PoST "Currency" | [VRT] VeriTurd PoWT "The Shit Standard"
Reminder: How to ignore trolls.
Ignore list:
https://bitcointalk.org/index.php?topic=602041.msg16360223#msg16360223
Copy---- Go to PROFILE ----- Ignore user options -----Paste --- Change Profile.
Ignore list:
https://bitcointalk.org/index.php?topic=602041.msg16360223#msg16360223
Copy---- Go to PROFILE ----- Ignore user options -----Paste --- Change Profile.
Are you a bot WANKIER?!
You couldn't help could ya wanker boy? you had to unignore me and read what I have written
How about you follow your own instructions and stop reading and answering to my entertaining yet uncomfortable posts? Actually the part time veritard devs should pay me to keep this otherwise dead thread alived
Give the internet and your right arm a break will ya?
hahahaha
Re: [VRC] VeriShit PoST "Currency" | [VRM] Veriturd PoWT "Shit Standard"
As of right now, the network hashrate is too low to support additional security via AuxPOW. 175 kH/M is far lower than our target. Once we cross the 1000 kH/M threshold, it starts to make sense.
Was that you quietly admitting your incompetence?
So lets summarize a bit
--Veriturd 75-90% down, Verishit 60-75% down -- Neither value nor demand increase from mining
costs = useless innovation
--Veriturd and Verishit have 0 volume and liquidity -- You failed to convince smart speculators = useless innovation
--Hashrate 0,002 Mh/s -- Neither security nor performance increase = useless innovation
What was the point of Veriturd then? You wanted to tweak a bit your toycoin and underestimated your own incompetence didn't ya?
Do you understand now that without demand, users and liquidity your "advantages" are useless?
Do you understand now that increasing demand and liquidity should be the top priority rather than adding features no one cares about because only 3 and a half retards use the network?
Do you understand now, veritard, that in order to increase demand and liquidity you should first find real world use cases and real world problems actual crypto users have that only your shitcoins can solve, therefore becoming useful coins clearly differentiated from the rest of shitcoins?
Do you understand now that only after having found that real world use case and/or problem only your shitcoins can solve, speculators will then start buying your then *useful coins with potential* and generate liquidity and demand, and users will later follow?
duh
Re: [ANN][VRM] Verium PoWT Reserve | Commodity | scrypt² | CPU mining
Hey Guys,
I'm adding the cpuminer optimizations to the in wallet miner so all miners are about the same performance. I'm about 80% done or so, this update is a bit tricky as it is very hardware specific and I'm making it work on all three OSes with varying hardware, without compiling separate wallets for different hardware like the opt miner is, etc. After this release there will be more incentive to solomine again, due to same speed and no fees for tx and pool, which can add up. The fee structure is 0.2 VRM per kilobyte of the transaction.
I'm adding the cpuminer optimizations to the in wallet miner so all miners are about the same performance. I'm about 80% done or so, this update is a bit tricky as it is very hardware specific and I'm making it work on all three OSes with varying hardware, without compiling separate wallets for different hardware like the opt miner is, etc. After this release there will be more incentive to solomine again, due to same speed and no fees for tx and pool, which can add up. The fee structure is 0.2 VRM per kilobyte of the transaction.
Well done! when all the work you did failed to convince investors and users making the coins more demanded, valued and used, you just double down on stupidity and arrogance and keep doing what obviously did not work!
That is in a nutshell why you're useless as a CEO of this project
Quote
We should know this week whether we are doing marketing with the company. Cool thing is they will accept VeriCoin as payment and will hold a fraction in the contract for incentive to succeed. We are discussing with them marketing VeriCoin and Verium in a way no other crypto has been marketed effectively thus far.
Quite pathetic your last resort is a marketing campaign, when it is obvious to everyone (except retards and other fanbois such as yourself) the fundamentals of the project were flawed all along
Quote
We will be primarily targeting the general population and this is not just a BS plan, this is a real, dynamic strategy for penetrating the general market.
Again this is how incompetent and useless you are as a manager of this project and how incompetent and useless the "marketing firm" specialised in websites is...
Being painfully obvious you failed to "penetrate" (read in english: making them lose their shirts) *smart* investors and users in the crypto sphere with your ridiculous and baseless proposals and overpriced shitcoin, you now intend to "penetrate" ie f*ck in the ass the "general market" of moms, pops, Janes and Joes pathetically trying to convince them that using depreciating, zero volume and demand Veriturd and Verishit is infinitely better than Banks, Paypal and CCs to pay for stuff, transfer value or keep their savings in? GTFO you clown!
ahahahaha
Quote
Also I'm not going to spend my time allaying the fears of pessimists regarding price, the market will move as it chooses and we will be here building a better and better protocol, UI, UX, ecosystem and now pairing as we have for 2+ years.
That is also in a nutshell why you are completely useless as a manager of this project, you fail to understand how important is the price of the shitcoins you "created" to keep the people who trusted you and invested their money in your project from dumping and to incentivise new investors to jump in.
That is also probably the reason why academics make useless managers and CEOs
Quote
If you think the fundamentals are good and share our passion for crypto and what it can and should do, join us, build a third party application for our ecosystem or help us get the word out.
The fundamentals are obvious shit to anyone with half a brain, you still have to defend the need for yet another shitcoin (veriturdum) its usefulness and the value of it's innovation.
All your arguments were nonsense as evidenced in my response to your mental diarrhea rant
https://bitcointalk.org/index.php?topic=602041.msg16360183#msg16360183
Quote
The price will be proportional to our success in penetrating a larger and larger market and this is the only true way to build a currency.
VERITURD 50%-80% down
cryptrader.com/c/Q9TMBIhy
So after acknowledging Veriturd "the shit standard" has officially failed to "penetrate"- being 50%-80% down - and the veritards are jumping off this ship - because in your arrogance you refused to get a review of your theories from someone actually competent in crypto and economics - you double down on arrogance and delusional retardery with the statement
Quote
this is the only true way to build a currency
ahahahaha
Quote
This is ultimately about freedom from the collusive corruption of centrally controlled money, that is why we are here, if you believe in that freedom you are in good company here.
Freedom from centrally controlled money? As in exchanges getting hacked and some useless devs centrally rolling back the blockchain to bailout the exchange à la mintpal circa 2014?!
Veritards of the world... unite!!
ahahahaha
Re: [ANN][VRM] Verium PoWT Reserve | Commodity | scrypt² | CPU mining
where is devs? where is the promotion?
They talked to a marketing company last week. Working on the details. Devs are at work lol. an update regarding current developments, the price being a fraction of the ico buy in, solo mining essentially died -it was suppose to promote decentralization, instead half the mining is in a single pool, stuff like that. the name of the marketing company would also help, because if a phone call to jay jay to discuss twitter marketing is the latest verium news i'll be dumping immediately.
i know people are busy but taking 10 minutes out of the day to assemble a twitter update makes a huge difference.
Blue Lynx marketing. Solo mining hasn't died, considering the network hash rate was around 400 KH/min before the pool went live and is over 800 now, I'd say it's slightly stronger. All those mining on the pool are paying significant tx fees.
0,8 Mh/min = 0,01 Mh/s ?!
This is HUGE
ahahahaha
Meanwhile, in shitcointalk...
an update regarding current developments, the price being a fraction of the ico buy in, solo mining essentially died -it was suppose to promote decentralization, instead half the mining is in a single pool, stuff like that. the name of the marketing company would also help, because if a phone call to jay jay to discuss twitter marketing is the latest verium news i'll be dumping immediately.
i know people are busy but taking 10 minutes out of the day to assemble a twitter update makes a huge difference.
So, after acknowledging that
1.- Shitcoin "the shit standard" is 20-80% down - value increase from mining i.e. from electricity+mining equipment costs were BS claims which seriously retarded devs with multiple PhDs pulled out of their asses
2.- Solo mining died - decentralized security and performance increase were also BS claims which seriously retarded devs with multiple PhDs pulled out of the same source
You hilariously threaten to dump your veriturds - take a hearty dump I guess - in a 1 BTC a day volume market?!
ahahahaha
how veritarded of you... truly pathetic
Bravo
media.giphy.com/media/cEYC1G6YexEHu/giphy.gif
where is devs? where is the promotion?
They talked to a marketing company last week. Working on the details. Devs are at work lol. an update regarding current developments, the price being a fraction of the ico buy in, solo mining essentially died -it was suppose to promote decentralization, instead half the mining is in a single pool, stuff like that. the name of the marketing company would also help, because if a phone call to jay jay to discuss twitter marketing is the latest verium news i'll be dumping immediately.
i know people are busy but taking 10 minutes out of the day to assemble a twitter update makes a huge difference.
So, after acknowledging that
1.- Shitcoin "the shit standard" is 20-80% down - value increase from mining i.e. from electricity+mining equipment costs were BS claims which seriously retarded devs with multiple PhDs pulled out of their asses
2.- Solo mining died - decentralized security and performance increase were also BS claims which seriously retarded devs with multiple PhDs pulled out of the same source
You hilariously threaten to dump your veriturds - take a hearty dump I guess - in a 1 BTC a day volume market?!
ahahahaha
how veritarded of you... truly pathetic
Bravo
media.giphy.com/media/cEYC1G6YexEHu/giphy.gif
Re: [ANN][VRC] VeriCoin PoST Currency | [ANN][VRM] Verium PoWT Reserve
The consensus pairing will bring new attention to VeriCoin as it will be the only coin whose transaction performance increases proportionally with the security of the consensus across two independent chains with competing interests. Now, one would be able to get a better and better performing currency for almost no transaction fee cost, this makes for a good currency. With that it is simple numbers, more security, more tx/s, constant cost. This equation currently doesn't exist in crytpo.
First however, we need to enable the best possible technological environment for Verium's consensus success. By improving the efficiency and optimization of the in wallet solominer, solomining can be an integral part of the consensus. This in conjunction with GPU inefficiency, makes mining not too costly and increases power and value with numbers not with few heavy hardware investors like current PoWs. This means a real decentralized security increase along with performance.
One example of the benefits of the relationship between Verium and VeriCoin: There can much more easily be a blockchain based decentralized exchange between Verium and VeriCoin. Transactions can run parallel to their shared blocks and the address formats are the same. So you need not prove address ownership on the other chain, you know that the address from which coins were sent from VRC blockchain is owned by the same entity on the Verium blockchain. So multisig trading can, on the backend be relatively simple, then all that's needed is a nice front end to match buyer with seller. This is just one example, many more are possible, and many haven't even been thought of yet. People are grossly underestimating the power of the coin pairing, but I would expect them to, it hasn't existed in this way before.
First however, we need to enable the best possible technological environment for Verium's consensus success. By improving the efficiency and optimization of the in wallet solominer, solomining can be an integral part of the consensus. This in conjunction with GPU inefficiency, makes mining not too costly and increases power and value with numbers not with few heavy hardware investors like current PoWs. This means a real decentralized security increase along with performance.
One example of the benefits of the relationship between Verium and VeriCoin: There can much more easily be a blockchain based decentralized exchange between Verium and VeriCoin. Transactions can run parallel to their shared blocks and the address formats are the same. So you need not prove address ownership on the other chain, you know that the address from which coins were sent from VRC blockchain is owned by the same entity on the Verium blockchain. So multisig trading can, on the backend be relatively simple, then all that's needed is a nice front end to match buyer with seller. This is just one example, many more are possible, and many haven't even been thought of yet. People are grossly underestimating the power of the coin pairing, but I would expect them to, it hasn't existed in this way before.
Dear Veritard in Chief
Quote
The consensus pairing will bring new attention to VeriCoin
So you "create" shitcoin VRM "the reserve" to bring attention to shitcoin VRC "the currency"!? and what now, how are you gonna bring attention and demand to the new shitcoin VRM?! let me guess... creating yet another shitcoin? ahahaha
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transaction performance increases proportionally with the security of the consensus across two independent chains with competing interests.
Who gives a shit about transaction performance and security if no one apart from 4 and a half retards is using the network to transfer value dear veritard?
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Now, one would be able to get a better and better performing currency for almost no transaction fee cost,
Who gives a shit about transaction fees if no one apart from 4 and a half retards is using the network to transfer value dear veritard?
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this makes for a good currency.
Wrong a good currency is one that is generally accepted, the more accepted the better the currency sweet veritard, transaction speed and fees are secondary.
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First however, we need to enable the best possible technological environment for Verium's consensus success. By improving the efficiency and optimization of the in wallet solominer, solomining can be an integral part of the consensus. This in conjunction with GPU inefficiency, makes mining not too costly and increases power and value with numbers not with few heavy hardware investors like current PoWs. This means a real decentralized security increase along with performance.
Wrong again, first you need to attract demand and liquidity for the currency via users and speculators, and the last thing they want is a 3 BTC per day volume mine and dump shitcoin with miners eternally dumping and depressing the price
Will solomining botnets be part of the consensus also? Ah well the low liquidity and decreasing value gonna take care of that ahahaha
So the technological environment increases "value" and power? Do you mean the shitcoin you sold for 60k-100k/100k-190k satoshis a piece selling now for 70k sats with 3 BTC volume a day? Is this the shitvalue increase you are talking about?
What about the "power" increase? do you mean hashing power perhaps? 0.8 GH/s? ahahahaha
So yeah, in a nutshell, this means a *mind blowing* decentralized security and transaction performance increase no one gives a smokin' turd about, because no one uses the network to transfer value yesss ahahaha
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One example of the benefits of the relationship between Verium and VeriCoin:
Oh finally, here it comes, the real world use case!?
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There can much more easily be a blockchain based decentralized exchange between Verium and VeriCoin.
ooohhhhh so the use case is... a blockchain based decentralized exchange between two shitcoins no one apart from 4 and a half retards use?! ahahaha you gonna kill us all what a joker... you should try stand up comedy, you've got it in your blood my sweet veritard!! but wait... there's more!
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People are grossly underestimating the power of the coin pairing, but I would expect them to, it hasn't existed in this way before
Roughly translated "if only the market understood my creative genius"... ahahaha
Jokes aside, at least you stopped making a fool of yourself with the ridiculous claim "mining will increase demand and value for VRM 'the shit standard' because of electricity costs" and that is certainly an improvement...
You must be one of those rare academics who lost contact with the real world... ahahaha
Re: [ANN][VRC] VeriCoin PoST Currency | [ANN][VRM] Verium PoWT Reserve
*mental diarrhea type rant*
I am afraid that was above the abilities of the trolls to comprehend
I would say it's above their abilities to even read it.
awwww my sweet veritards always so enthusiastic with your ad hominems and reluctant to use your lil brains...
Yesss I gotta conede it indeed was a quite convoluted mental diarrhea "piece", for I had to take few hours breaks in between paragraphs to rest and translate from veritard to english ahahaha
Re: [ANN][VRC] VeriCoin PoST Currency | [ANN][VRM] Verium PoWT Reserve
Actually it is not a bad idea have one coin for fast and cheap payments (VRC) and another for value storage (VRM).
Last time I've checked there was this thing called bitcoin which btw is horrible as a "value storage" because of volatility, even though it is 10000 times more secure and demanded ... and also there was a shitcoin for fast transactions and cheap payments already called (insert one of the 500 shitcoins with faster than bitcoin block times and way more liquidity than VRC here)
You see dear retard, a "value storage" without demand=liquidity is exactly like buying turds for one buck a piece and keeping them in a safe, it is all fine and dandy up until the day you need some cash and try to convert those "commoditurds" to cash again... you guessed right absolutely useless yesss
ahahahaha
But don't let those annoying facts disturb your rosie dreams, my sweet veritard.
So again, who is gonna buy VRM "the shit standard" or VRC "the shitcash" and for what, knowing as we do the market has 500+ shitcoins more secure and demanded to choose from?
Or are VRM-VRC just a "mine and dump" or PnD shitcoins?!
Re: [ANN][VRC] VeriCoin PoST Currency | [ANN][VRM] Verium PoWT Reserve
Is there here anyone kind enough to explain what was the point of VRM? Does the market need yet another 3 BTC a day volume shitcoin?
I have read here a lot of monetary buzzwords and BS about how mining brings value to VRM "reserve" per se, but what is the real value of VRM?
The morons and cheerleaders who keep fantasizing and parroting "VRM will have demand because mining increases perceived value thanks to electricity costs" have yet to read bitcoin myths' wiki article
https://en.bitcoin.it/wiki/Myths#The_value_of_bitcoins_are_based_on_how_much_electricity_and_computing_power_it_takes_to_mine_them
The mining rate of bitcoin follows price, not the other way around... amazing PhD shitcoin devs can be so ignorant on how the currency they are trying to emulate and improve (Bitcoin) works and unscientific on their approach to improve it...
The market will pay NOT more for a turd from Easter Island than for one from Philly because we gotta fly 36 hours by plane and back to get it, there is no demand for turds my dear tards, difficult to "mine" or not...
duh!
I have read here a lot of monetary buzzwords and BS about how mining brings value to VRM "reserve" per se, but what is the real value of VRM?
The morons and cheerleaders who keep fantasizing and parroting "VRM will have demand because mining increases perceived value thanks to electricity costs" have yet to read bitcoin myths' wiki article
https://en.bitcoin.it/wiki/Myths#The_value_of_bitcoins_are_based_on_how_much_electricity_and_computing_power_it_takes_to_mine_them
The mining rate of bitcoin follows price, not the other way around... amazing PhD shitcoin devs can be so ignorant on how the currency they are trying to emulate and improve (Bitcoin) works and unscientific on their approach to improve it...
The market will pay NOT more for a turd from Easter Island than for one from Philly because we gotta fly 36 hours by plane and back to get it, there is no demand for turds my dear tards, difficult to "mine" or not...
duh!
That wiki article is wikitarded just like yourself, change your drugs my friend....you got a bad batch
Now you must be the veritard in chief of the thread, with a dual PhD on molecular and biophysics retardery magna cum laude
ahahaha
Are you gonna let me trash your shitcoins TARD945? Has no one here a pair of balls and enough arguments to defend shitcoin "the currency" and shitcoin "the reserve"? (sic)
Re: [ANN][VRC] VeriCoin PoST Currency | [ANN][VRM] Verium PoWT Reserve
Top 100 FinTech Influencers in the United States - *Also it's "VeriCoin".. 
https://letstalkpayments.com/top-fintech-influencers-in-the-united-states-of-america/
https://letstalkpayments.com/top-fintech-influencers-in-the-united-states-of-america/
Quote from: letstalkpayments.com/top-fintech-influencers-in-the-united-states-of-america
Jay Jay Abels VeryVeriViral Strategic Partner Vericon
top US fintech influencer!? shitcoin "strategic partner"?! lol
what a joke fintech turns out to be in the US to have Ol' Jay as "top influencer"
GTFO you clowns
ahahahahaha
Re: [ANN][VRM] Verium PoWT Reserve | Commodity | scrypt² | CPU mining
Why there is no demand? Investors suck! We need a good news!
lol
You want news? actually "The Wall Street Journal" mentioned VRM-VRC pair this morning:
wsj.com/articles/demand-for-shitcoins-dries-up-1470959258
There is no demand because there are already 1000+ turdcoins swirling in the markets WC my dear tard
I think you're missing the point of the technology and trying something different in the crypto space. VeriCoin and Verium don't have to be the most valuable coin in the world in order to develop new technology and develop proof-of-concept ideas. The interaction between the two coins seems to be a healthy step for this project and something to study in a landscape yearning for advancement and stifled by greed and profits.
If you're looking to gamble for profits, head over to an exchange and leave the team alone to follow future passions with this project without cheap insults.
You are the one missing the point here, the last thing "the crypto space" needs is another shitcoin with useless innovation. Is perhaps your passion for innovation in useless shitcoins perhaps the reason of your pathetically posting your BTC address in giveaways threads
https://bitcointalk.org/index.php?topic=1574127.msg15804069#msg15804069
Blindly trying something different "for innovations sake" is not what moves forward the technology my dear retard, rather useful innovation that attracts users catering to their needs.
Quite pathetic no one has been able here to make a case for VRM and tell me what is its real value, its real usefulness... only ad hominems from cheerleaders and other retards such as yourself in defensive mode but unable to defend what they're invested in because they're so retarded and stoned they don't understand yet VRM is actually a useless PnD shitcoin
hahahaha
Shitcoin or not, it's very profitable to mine and sell at the moment..... That's why i'm here, simple no brainer.
Absolutely profitable shitcoin my dear veritard, case study tycoon-miner (gas station employee?) "tamara163"
https://bitcointalk.org/index.php?topic=1540023.msg16287440#msg16287440
10 days mining 6 blocks 45 VRM found= 0,035 BTC ie 21 bucks!? for 10 fucking days?! Sweet Jesus you gonna be millionaire in... couple thousand years?! GTFO you clown
hahahaha
Jokes aside really profitable indeed... and useful, especially for the retards that invested in the ICO and paid 6 and 10 VRC a pop when the price was 14k-19k sat per VRC
yessss
hahahahaha
Re: [ANN][VRM] Verium PoWT Reserve | Commodity | scrypt² | CPU mining
network 796.383 kh/m
Mining pools coming online, just the beginning
lol 0,7 Gh per minute?!
this is gonna be HUGE
hahahaha
Re: [ANN][VRM] Verium PoWT Reserve | Commodity | scrypt² | CPU mining
Why there is no demand? Investors suck! We need a good news!
lol
You want news? actually "The Wall Street Journal" mentioned VRM-VRC pair this morning:
wsj.com/articles/demand-for-shitcoins-dries-up-1470959258
There is no demand because there are already 1000+ turdcoins swirling in the markets WC my dear tard
I think you're missing the point of the technology and trying something different in the crypto space. VeriCoin and Verium don't have to be the most valuable coin in the world in order to develop new technology and develop proof-of-concept ideas. The interaction between the two coins seems to be a healthy step for this project and something to study in a landscape yearning for advancement and stifled by greed and profits.
If you're looking to gamble for profits, head over to an exchange and leave the team alone to follow future passions with this project without cheap insults.
You are the one missing the point here, the last thing "the crypto space" needs is another shitcoin with useless innovation. Is perhaps your passion for innovation in useless shitcoins the reason of your pathetically posting your BTC address in stolen BTC giveaway threads?
https://bitcointalk.org/index.php?topic=1574127.msg15804069#msg15804069
Blindly trying something different "for innovations sake" is not what moves forward the technology my dear retard, rather useful innovation that attracts users catering to their needs.
Quite pathetic no one has been able here to make a case for VRM and tell me what is its real value, its real usefulness... only ad hominems from cheerleaders and other retards such as yourself in defensive mode but unable to defend what they're invested in because they're so retarded and stoned they don't understand yet VRM is actually a useless PnD shitcoin
hahahaha
Re: [ANN][VRM] Verium PoWT Reserve | Commodity | scrypt² | CPU mining
Why there is no demand? Investors suck! We need a good news!
lol
You want news? actually "The Wall Street Journal" mentioned VRM-VRC pair this morning:
wsj.com/articles/demand-for-shitcoins-dries-up-1470959258
There is no demand because there are already 1000+ turdcoins swirling in the markets WC my dear tard
Re: [ANN][VRC] VeriCoin PoST Currency | [ANN][VRM] Verium PoWT Reserve
Is there here anyone kind enough to explain what was the point of VRM? Does the market need yet another 3 BTC a day volume shitcoin?
I have read here a lot of monetary buzzwords and BS about how mining brings value to VRM "reserve" per se, but what is the real value of VRM?
The morons and cheerleaders who keep fantasizing and parroting "VRM will have demand because mining increases perceived value thanks to electricity costs" have yet to read bitcoin myths' wiki article
https://en.bitcoin.it/wiki/Myths#The_value_of_bitcoins_are_based_on_how_much_electricity_and_computing_power_it_takes_to_mine_them
The mining rate of bitcoin follows price, not the other way around... amazing PhD shitcoin devs can be so ignorant on how the currency they are trying to emulate and improve (Bitcoin) works and unscientific on their approach to improve it...
The market will pay NOT more for a turd from Easter Island than for one from Philly because we gotta fly 36 hours by plane and back to get it, there is no demand for turds my dear tards, difficult to "mine" or not...
duh!
I have read here a lot of monetary buzzwords and BS about how mining brings value to VRM "reserve" per se, but what is the real value of VRM?
The morons and cheerleaders who keep fantasizing and parroting "VRM will have demand because mining increases perceived value thanks to electricity costs" have yet to read bitcoin myths' wiki article
https://en.bitcoin.it/wiki/Myths#The_value_of_bitcoins_are_based_on_how_much_electricity_and_computing_power_it_takes_to_mine_them
The mining rate of bitcoin follows price, not the other way around... amazing PhD shitcoin devs can be so ignorant on how the currency they are trying to emulate and improve (Bitcoin) works and unscientific on their approach to improve it...
The market will pay NOT more for a turd from Easter Island than for one from Philly because we gotta fly 36 hours by plane and back to get it, there is no demand for turds my dear tards, difficult to "mine" or not...
duh!
Re: [ANN][VRM] Verium PoWT Reserve | Commodity | scrypt² | CPU mining
Is there here anyone kind enough to explain what was the point of VRM? Does the market need yet another 3 BTC a day volume shitcoin?
I have read here a lot of monetary buzzwords and BS about how mining brings value to VRM "reserve" per se, but what is the real value of VRM?
The morons and cheerleaders who keep fantasizing and parroting "VRM will have demand because mining increases perceived value thanks to electricity costs" have yet to read bitcoin myths' wiki article
https://en.bitcoin.it/wiki/Myths#The_value_of_bitcoins_are_based_on_how_much_electricity_and_computing_power_it_takes_to_mine_them
The mining rate of bitcoin follows price, not the other way around... amazing PhD shitcoin devs can be so ignorant on how the currency they are trying to emulate and improve (Bitcoin) works and unscientific on their approach to improve it...
The market will pay NOT more for a turd from Easter Island than for one from Philly because we gotta fly 36 hours by plane and back to get it, there is no demand for turds my dear tards, difficult to "mine" or otherwise...
duh!
I have read here a lot of monetary buzzwords and BS about how mining brings value to VRM "reserve" per se, but what is the real value of VRM?
The morons and cheerleaders who keep fantasizing and parroting "VRM will have demand because mining increases perceived value thanks to electricity costs" have yet to read bitcoin myths' wiki article
https://en.bitcoin.it/wiki/Myths#The_value_of_bitcoins_are_based_on_how_much_electricity_and_computing_power_it_takes_to_mine_them
The mining rate of bitcoin follows price, not the other way around... amazing PhD shitcoin devs can be so ignorant on how the currency they are trying to emulate and improve (Bitcoin) works and unscientific on their approach to improve it...
The market will pay NOT more for a turd from Easter Island than for one from Philly because we gotta fly 36 hours by plane and back to get it, there is no demand for turds my dear tards, difficult to "mine" or otherwise...
duh!
Re: [ANN][KMD][dPoW] Komodo ICO - Zero Knowledge Privacy Secured by Bitcoin
What's your problem man? Got problem with reading comprehension? - read again. You welcome.
What's your problem man? Got problem with not having BTCD? - buy some. You welcome.
There is something here I can't wrap my head around... even tho it seems it has been explained quite a lot, but still is convoluted like shit. (!)
Exactly how much KMD of the 90m are going to be reserved to BTCD holders?
If it is assumed all BTCD will be redeemed, (1,286,569*0.0053=6818 BTC) and 7k BTC are collected,
1.- Isn´t that unfair for BTC investors, who will get the bonus only if they risk investing during the ICO, and on top of that they will be the ones financing the project with real cash (BTC), and not some illiquid coin with no volume nor demand not to talk about future?
2.- What if 30k BTC are collected?
3.- Is then the real limit of BTC collected 36818 BTC or is it 23182 BTC ? (30k - 6818 = 23182 BTC)
If it is the former the dilution will be even more damaging for BTC investors, increasing their risk to lose money (!)
4.- Why is that real limit not especified in the OP?
5.- Isn´t that a sneaky way to dilute BTC investors stake (!) and having more working capital than the 10% stated?
(we know statistically there is going ot be an important chunk of ppl who wont swap their BTCD, either they died, lost control over the coins, simply forgot they have them etc,.)
6.- Why not limit the amount of KMD available to swap for BTCD and the time to do the actual swap as is done with BTC investors? Wouldn´t be that more fair?
There is something here I can't wrap my head around... even tho it seems it has been explained quite a lot, but still is convoluted like shit. (!)
Exactly how much KMD of the 90m are going to be reserved to BTCD holders?
If it is assumed all BTCD will be redeemed, (1,286,569*0.0053=6818 BTC) and 7k BTC are collected,
1.- Isn´t that unfair for BTC investors, who will get the bonus only if they risk investing during the ICO, and on top of that they will be the ones financing the project with real cash (BTC), and not some illiquid coin with no volume nor demand not to talk about future?
2.- What if 30k BTC are collected?
3.- Is then the real limit of BTC collected 36818 BTC or is it 23182 BTC ? (30k - 6818 = 23182 BTC)
If it is the former the dilution will be even more damaging for BTC investors, increasing their risk to lose money (!)
4.- Why is that real limit not especified in the OP?
5.- Isn´t that a sneaky way to dilute BTC investors stake (!) and having more working capital than the 10% stated?
(we know statistically there is going ot be an important chunk of ppl who wont swap their BTCD, either they died, lost control over the coins, simply forgot they have them etc,.)
6.- Why not limit the amount of KMD available to swap for BTCD and the time to do the actual swap as is done with BTC investors? Wouldn´t be that more fair?
Re: [ANN][KMD][dPoW] Komodo ICO - Zero Knowledge Privacy Secured by Bitcoin
Question about BTCD swap:
I understood that all of those 90% of KMD will be sold for BTC/BTCD investors, but how do you guys know how much KMD:s will be given to BTC investors, since you don't know how many BTCD owners will swap in 1 year swapping period? Or do you plan to wait 1 year and then share the percents, when we know how much to give BTC investors and how many to BTCD swappers?
James I have another question.
There are going to be 100 million KMD for ICO
Let's say (in simple way) there are 1000 people who give 1 BTC each. Will they get 100,000 KMD each (100 million / 1000)
and if there are 30000 people who give 1 BTC each they get 3333 KMD each?
In other words all of those 100 million will go to those who buy?
There are going to be 100 million KMD for ICO
Let's say (in simple way) there are 1000 people who give 1 BTC each. Will they get 100,000 KMD each (100 million / 1000)
and if there are 30000 people who give 1 BTC each they get 3333 KMD each?
In other words all of those 100 million will go to those who buy?
90 % of the Komodo coins are distributed to investors (BTC+BTCD)
10 % will be reserved for development, advisers and bounties
So yes, you got the basic idea! The supply is fixed, but we don't know yet how much money Komodo raises.
*snip*
We will assume all the BTCD will be redeemed. If after a year it isnt, it would just go into working capital
There is something here I can't wrap my head around... even tho it seems it has been explained quite a lot, but still is convoluted like shit. (!)
Exactly how much KMD of the 90m are going to be reserved to BTCD holders?
If it is assumed all BTCD will be redeemed, (1,286,569*0.0053=6818 BTC) and 7k BTC are collected,
1.- Isn´t that unfair for BTC investors, who will get the bonus only if they risk investing during the ICO, and on top of that they will be the ones financing the project with real cash (BTC), and not some illiquid coin with no volume nor demand not to talk about future?
2.- What if 30k BTC are collected?
3.- Is then the real limit of BTC collected 36818 BTC or is it 23182 BTC ? (30k - 6818 = 23182 BTC)
If it is the former the dilution will be even more damaging for BTC investors, increasing their risk to lose money (!)
4.- Why is that real limit not especified in the OP?
5.- Isn´t that a sneaky way to dilute BTC investors stake (!) and having more working capital than the 10% stated?
(we know statistically there is going ot be an important chunk of ppl who wont swap their BTCD, either they died, lost control over the coins, simply forgot they have them etc,.)
6.- Why not limit the amount of KMD available to swap for BTCD and the time to do the actual swap as is done with BTC investors? Wouldn´t be that more fair?