Search content
Sort by
Showing 20 of 20 results by inqd
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
This is a very early thought/concept: is it possible to setup "exchanges" connected to every Vtc pool? So, the pool will have a bunch of Vtcs sitting in reserves that everyone can see (avoiding mt gox transparency problems).
Miners can elect the percentage they wish to keep and the percentage they wish to make available on the exchange and what crypto they are willing to accept. The percentage made available would be sold by the pool and then paid to the miner in the crypto of their choice.
Over time, miners can also add bank details to accept dollars via the pool/exchange mechanism, to sell Vtc for fiat.
Just an idea. Feel free to point out obvious problems with this setup.
Miners can elect the percentage they wish to keep and the percentage they wish to make available on the exchange and what crypto they are willing to accept. The percentage made available would be sold by the pool and then paid to the miner in the crypto of their choice.
Over time, miners can also add bank details to accept dollars via the pool/exchange mechanism, to sell Vtc for fiat.
Just an idea. Feel free to point out obvious problems with this setup.
That is a VERY good idea. I like it a lot. But how could we make it secure?
This is something that needs to be coded right away. In light of the Mt Gox scandal, we can de-centralize exchanges and re-establish the public's trust.
Bitcoin holders would trade their BTC for VTC in droves. (That will be good for 3 weeks until a new decentralized exchange comes out for the new kid on the block.. no fun intended)
I think Vertcoin should be all about safety and security (in Maslow's chart). Although I have not done a scientific poll, my talks with people as to why they would not use Bitcoin has everything to do with security of their money.
You are spot on! At one point, credit cards were non existent & people got travellers cheques. Today our Canadian dollar bills are half plastic and the banks are informing clients that the Federal Government will be eliminating cheques by 2016. Times change. Expectations change. Cell phones now don't have buttons. Virtual payments will become the norm.
It'll just be a matter of how easy you can make it for people to put money in & use it. And of course feel safe that nobody will be taking it from them. Online banking is likely way less secure than they make it out to be yet people still believe in banks since they've been around 100 years. Silly but that's the way it is.
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
Have you ever talked to random people outside of your circle about it? If anything people think crypto is a get-rich quick scam. I have even heard the term "pyramid scheme" from several highly educated people.
Yeah I agree with this. If you talk to normal people, you'll hear this a lot.
Here's an idea - go and give some VTC to a friend or relative the next opportunity you get. Don't try to convince them it's not a scam, don't tell them it's not a pyramid scheme if that's what they believe. Just say "I mined some of this, figured I'd give you a bit now while it's cheap - if it goes up a lot, it'll be a nice gift", leave it at that.
I'm going to do it the next opportunity I get.
+1, +1, +1!
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
Not sure why you guys are arguing..
More of everything is good for Vertcion. More marketing, more memes, more gimmicks, more development, more tech, more blogs, more word of mouth, more viral marketing.
More, more, more.. let's fire on all cylinders!
More of everything is good for Vertcion. More marketing, more memes, more gimmicks, more development, more tech, more blogs, more word of mouth, more viral marketing.
More, more, more.. let's fire on all cylinders!
In the classical sense, as debate, yes. It is healthy, I think. No need to pretend we are in Disneyland. Vertcoin has lots of potential, and we can uncover it by doing just this.
+1, I'd like to see it very professional, very trust worthy to associate with my website. Any that's actually read something like Niall Ferguson's book has to realize that scarcity, not the abundance of easily mined coined is what will sustain long term growth. Mining coins quickly is like printing too much money & causing inflation.
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
Here's my entry for it, I can do some revisions on it, if you have anything particular in mind. Let me know what you think. I also have a higher resolution, if you are also interested. Let's go vertical!
Wow, excellent !
+ 1+1 here, perhaps replace crypto images with FIAT currencies? Go above and beyond crypto. As a potential merchant, I'm careful what my products is linked to after spending years creating goodwill.
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
I would add to the above that the general population doesn't care about mining, either.
Dogecoin is successful because it connects with the average person. It makes the complicated seem easy. Vertcoin has too much technical detail for the average person to understand (or care). Put it in terms that the average person will care about, like the above.
Check out Maslow's hierarchy of needs and let's find out which one Vertcoin will stick with: http://en.wikipedia.org/wiki/Maslow's_hierarchy_of_needs (the choice is obvious when you look at it) This is what brands and marketers do. They don't go by what they like.. they go by what their potential market likes. Vertcoin can't see the forest for the trees at this point, I think. Did VHS win over Betamax because it was technically superior? No. It won out because VHS connected with people emotionally by allowing them to record more on the tape (allowing them to be more creative), which is what people preferred over better technology or a sharper picture.
If Vertcoin is to be as successful or even moreso, it must do the same. We must get non-technical people on a board of directors along with technical people and get organized. Otherwise we'll spend 4 weeks making every little decision while other coins that are more organized bypass us.
Vertcoin will not win by focusing on its tech. In 3 months, there will be a better coin. The technical side of it is really not that important. Miners care, but the average person does not. I'm almost inclined to say the average merchant does not, either.
Dogecoin is successful because it connects with the average person. It makes the complicated seem easy. Vertcoin has too much technical detail for the average person to understand (or care). Put it in terms that the average person will care about, like the above.
Check out Maslow's hierarchy of needs and let's find out which one Vertcoin will stick with: http://en.wikipedia.org/wiki/Maslow's_hierarchy_of_needs (the choice is obvious when you look at it) This is what brands and marketers do. They don't go by what they like.. they go by what their potential market likes. Vertcoin can't see the forest for the trees at this point, I think. Did VHS win over Betamax because it was technically superior? No. It won out because VHS connected with people emotionally by allowing them to record more on the tape (allowing them to be more creative), which is what people preferred over better technology or a sharper picture.
If Vertcoin is to be as successful or even moreso, it must do the same. We must get non-technical people on a board of directors along with technical people and get organized. Otherwise we'll spend 4 weeks making every little decision while other coins that are more organized bypass us.
Vertcoin will not win by focusing on its tech. In 3 months, there will be a better coin. The technical side of it is really not that important. Miners care, but the average person does not. I'm almost inclined to say the average merchant does not, either.
I agree with what you're saying in terms of connecting with the average person, but I believe you are absolutely incorrect in saying the technical side is unimportant. Credibility is essential and while the average person may not understand everything they hear about anti-asic and zero-cash, they pick up on the general vibe that the technical community does have towards those things. Otherwise what separates VTC from all the scamcoins out there? To be successful Vertcoin must have three things.
- A solid technical side in the background
- a solid infrastructure (it needs to have things you can do other than mine and speculate)
- common people to connect to it and believe in it
If any of those three things fail we might have an ok coin, but with all three, we can be #betterthanbitcoin.
The average non techie investor/user needs to be able to easily buy the coin from a trustworthy soul who can help them through the initial few purchases. Right now it's a dogs breakfast finding a bitcoin dealer & hoping like hell it's not some seedy outfit.
That's something that's newsworthy which can be duplicated at both a national and local level.
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
still having real issues trying to sync the Vertcoin wallet
the suggestions on http://www.reddit.com/r/vertcoin/comments/1x0zda/how_to_get_your_wallet_to_sync/
didn't work.
Someone please help!
the suggestions on http://www.reddit.com/r/vertcoin/comments/1x0zda/how_to_get_your_wallet_to_sync/
didn't work.
Someone please help!
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
I'm glad there are signs of hitting walls with mining. Here's why. If you have read http://en.wikipedia.org/wiki/Niall_Ferguson book "The Ascent of Money" and looked at the influx of gold from the new world when it was first discovered, it caused huge inflation and people couldn't afford to buy bread. Too much supply of gold (money) caused the problem. Scarcity keeps inflation at bay. Same thing with cryptos, too much supply will do the same thing. That's why I'm here. ASICs can't come and blow it apart. Vertcoin is now synchronized to the ebb and flow of a real economy. It's now tied to finite resources.
For the good of the coin, we need to strengthen everything for security and deal with dodgy behavior immediately to keep the bar very high. That is marketable!
Not sure who can help on these items but they should be addressed:
1. There are changes needed to the Vertcoin Wallet as it isn't syncing properly.
Thread: http://www.reddit.com/r/vertcoin/comments/1x0zda/how_to_get_your_wallet_to_sync/
2. My AV found a virus in the Windows download "cpuminer-vert-Aleks_N.zip"
Suggest removing this download completely as CPU mining is long gone. CPU mining was already too late by Feb 2nd.
Other's who've seen my postings. Poloniex support has been very, very responsive! Kudos.
For the good of the coin, we need to strengthen everything for security and deal with dodgy behavior immediately to keep the bar very high. That is marketable!
Not sure who can help on these items but they should be addressed:
1. There are changes needed to the Vertcoin Wallet as it isn't syncing properly.
Thread: http://www.reddit.com/r/vertcoin/comments/1x0zda/how_to_get_your_wallet_to_sync/
2. My AV found a virus in the Windows download "cpuminer-vert-Aleks_N.zip"
Suggest removing this download completely as CPU mining is long gone. CPU mining was already too late by Feb 2nd.
Other's who've seen my postings. Poloniex support has been very, very responsive! Kudos.
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
I've been in touch with them and Poloniex has been very responsive. They've forwarded the txid that shows the transaction, the right amount going to my Vertcoin Wallet that was downloaded a couple of days ago from the vertoin.org. Address match up.
Thanks for any suggestions!
Thanks for any suggestions!
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
hey Basnoff, thanks for asking on this. it's quite concerning to me as i traded cold hard cash this afternoon for that trade. Far as i can see there's no way to see what's going on. just feels worse than walkin in the bronx waving $100 bills...
Suggestions are appreciated.
Suggestions are appreciated.
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
newbie here. So it looks like the miner is working but I don't know how to setup so it goes to my account. By default it is set to user "aleks.2" I'm sure he won't mind the extra "hand".
Please help!
Please help!