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Board Announcements (Altcoins)
Re: Vertcoin-Adaptive N-factor Scrypt-No more ASICs-[EXCHANGES/AMAZON/ATM/MERCHANTS]
by
jpeggt
on 24/02/2014, 02:29:42 UTC
I'll link this here, some thoughts I have on Vertcoin posted on reddit:
http://www.reddit.com/r/vertcoin/comments/1yr76g/zero_trust_the_keys_to_vertcoins_success_and_how/
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Board Announcements (Altcoins)
Re: Vertcoin-Adaptive N-factor Scrypt-No more ASICs-[EXCHANGES/AMAZON/ATM/MERCHANTS]
by
jpeggt
on 22/02/2014, 02:51:00 UTC
Guys. in my opinion "zero trust" in vertcoin will have a more positive implications than zero chash.  I am not saying "zero cash" is bad but I think we should focus on zero trust as some other person pointed in reddit.

I agree, its another important aspect to making vertcoin (unlike other cryptos) truly decentralised, which I think is a key feature to the success of crypto currencies (vertcoin in particular) and why they are better than the current "3rd party trust" options.
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Board Announcements (Altcoins)
Re: Vertcoin-Adaptive N-factor Scrypt-No more ASICs-[EXCHANGES/AMAZON/ATM/MERCHANTS]
by
jpeggt
on 21/02/2014, 05:37:55 UTC
Lets talk about "official" as well, that word implies a sense of centralisation, the point of cryptos is decentralisation, control is in the hands of the community majority.

I understand where you're coming from here, and Vertcoin certainly isn't going to start getting officious or centralized, but if any project is going to have a direction to it, that requires that some people who work on it make some choices. You can't do everything by consensus, it just doesn't work - too much time gets spent discussing things and not enough action gets taken.

Also re the logo, it's just not possible to create something everyone will like - I personally really like it, but mainly, as someone said a way back in the thread, sometimes you have to keep the engineers away from the bullhorn; the new logo comes from a professional designer with a wealth of experience, so even if I didn't personally like it, I'd probably defer to his greater knowledge and experience - some things are just best left to people who are specialists.

As someone who works professionally in a creative industry, I fully understand the need for clear direction.

If you look at the comments on reddit re: the new logo. I can't see any positive professional opinion there.

It seems to me that people who don't have experience in design have made the decision to go ahead with this logo, no offence personally to the designer of that, but this looks like a draft, its not been through a review process by other design professionals.
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Board Announcements (Altcoins)
Re: Vertcoin-Adaptive N-factor Scrypt-No more ASICs-[EXCHANGES/AMAZON/ATM/MERCHANTS]
by
jpeggt
on 21/02/2014, 04:05:10 UTC
Is the logo need to be changed ? The new one would be more of context.
Really great job btw !  Wink

The "new" logo does not belong on something like this. Keep using the logo thats already on this graphic for now.

As a community we need to decide on a much better logo than the "new official" one, a number of people with professional experience in design have already commented on the problems with it (including myself). Most of the discussion about that is on reddit.

What??? I understand you don't like or agree with the new official logo, but it is the new official logo and it should be used everywhere. We need to unite and stand with a unified brand that has been laid out by the official developers and maintainers: http://vertcoinforum.com/gfx/Vertcoin_styleguide_rev_01.pdf

I've been here since the beginning, I want vertcoin to succeeded. That being said, I think this "official" logo is bad and will hurt vertcoin.

Lets talk about "official" as well, that word implies a sense of centralisation, the point of cryptos is decentralisation, control is in the hands of the community majority.
We should be consistent, though, don't you think?

Consistent, yes. But not to the point where one "official" person says something is good when its not and everyone else blindly follows.
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Board Announcements (Altcoins)
Re: Vertcoin-Adaptive N-factor Scrypt-No more ASICs-[EXCHANGES/AMAZON/ATM/MERCHANTS]
by
jpeggt
on 21/02/2014, 03:35:06 UTC
Is the logo need to be changed ? The new one would be more of context.
Really great job btw !  Wink

The "new" logo does not belong on something like this. Keep using the logo thats already on this graphic for now.

As a community we need to decide on a much better logo than the "new official" one, a number of people with professional experience in design have already commented on the problems with it (including myself). Most of the discussion about that is on reddit.

What??? I understand you don't like or agree with the new official logo, but it is the new official logo and it should be used everywhere. We need to unite and stand with a unified brand that has been laid out by the official developers and maintainers: http://vertcoinforum.com/gfx/Vertcoin_styleguide_rev_01.pdf

I've been here since the beginning, I want vertcoin to succeeded. That being said, I think this "official" logo is bad and will hurt vertcoin.

Lets talk about "official" as well, that word implies a sense of centralisation, the point of cryptos is decentralisation, control is in the hands of the community majority.
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Board Announcements (Altcoins)
Re: Vertcoin-Adaptive N-factor Scrypt-No more ASICs-[EXCHANGES/AMAZON/ATM/MERCHANTS]
by
jpeggt
on 20/02/2014, 06:48:08 UTC
Hashtags removed.  Adjusted the color of the text some an added a little texture for effect.  I like it.  Thoughts?

http://i272.photobucket.com/albums/jj172/Hardwyre1/Vertcoinhashlesssmall_zpsf39f23fd.png
Is the logo need to be changed ? The new one would be more of context.
Really great job btw !  Wink

The "new" logo does not belong on something like this. Keep using the logo thats already on this graphic for now.

As a community we need to decide on a much better logo than the "new official" one, a number of people with professional experience in design have already commented on the problems with it (including myself). Most of the discussion about that is on reddit.
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Board Announcements (Altcoins)
Re: [ANN][MOL] Molecule - CPU Minable currency - Mine, Trade, Use UPDATED:v0.8.11.1
by
jpeggt
on 20/02/2014, 03:54:42 UTC
and remember, you can vote every hour!  Cheesy

Keep voting guys, if your registered you can vote 6 times every hour. MintPal is becoming a popular exchange, lets get on there!
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Board Announcements (Altcoins)
Re: Vertcoin-Adaptive N-factor Scrypt-No more ASICs-[EXCHANGES/AMAZON/ATM/MERCHANTS]
by
jpeggt
on 13/02/2014, 13:41:23 UTC
We also have a new forum at http://vertcoinforum.com/ run by Casper (the admin of vertcoinmarket.com) - there's some exciting stuff getting posted there both now and over the next few days, so I'd encourage everyone who follows this thread to also make an account there please and check it regularly - we'll be able to get better organised if there aren't 20 things happening in one BitcoinTalk thread, and it's about time we got serious about getting people onto our own dedicated forum, whilst still keeping active here as well.

any chance of consolidating the forums now that we have two of them?

vertcointalk.org
vertcoinforum.com
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Board Announcements (Altcoins)
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
by
jpeggt
on 12/02/2014, 05:23:18 UTC
Hey guys how about a weekly/bi-weekly lottery where say 35% goes to funding VTC projects? Would anyone here be interested in coding that?
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Board Announcements (Altcoins)
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
by
jpeggt
on 11/02/2014, 15:10:33 UTC
Hi jpeggt,

Ultimately, although we're interested in input from the community on logos, the decision is not one best made by the community - what people who are involved now like (ie. miners and people knowledgable about cryptocurrency) vs. what a wider market consisting of non-technical people who know nothing about cryptos will like could be two entirely different things. I personally like the current logo - it's nice and simple, and it looks clean and elegant IMO, I also think that remaining consistent with the logo we've had up until now is best, even though I do like some of the submissions from the community I have seen in the thread.

I think if we all want to the see the most success we can for Vertcoin, we should defer certain aspects of our public face to people with experience and expertise - obviously the final decision is up to Bushido, this is just my opinion.

Good point.

I don't dislike the current logo, I just think perhaps its a little rough around the edges and a slight refinement would make it pop. I do agree that something completely different would be counter productive at this stage.
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Board Announcements (Altcoins)
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
by
jpeggt
on 11/02/2014, 14:43:06 UTC
Please help fund an important VTC project

I have just filled nearly 30% of the funding goal for this:

http://vertcoinmarket.com/campaigns/vertcoin-logo-refinement-corporate-identity-guide/

Please can some of you help finish funding this - it's super important for the future of Vertcoin that we get a consistent identity out there, this is the first thing we must do before we can start building the press packs, infographics and other materials that will let us reach out and tell the wider world outside our little niche about Vertcoin and it's benefits.

I hope a lot of you will contribute - it won't take a lot, another 50VTC is all that is needed to fully fund this. Even if all you can spare is a few Vertoshis, every little helps


I agree, but as much as we need an official logo and brand material ASAP it also needs to be right and shouldn't be hastily chosen. There are more logo designs coming in every day and I've asked a graphic designed I know to submit something as well. I think we need to wait a few more days and gather all the designs and have another vote.

I'd be happy to contribute to this project, but I think we should vote on the logo first.

@chrisbuchner would it be possible for you to submit just the logo design first then once your project is funded continue to create the design document with whichever logo is chosen?
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Board Announcements (Altcoins)
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
by
jpeggt
on 09/02/2014, 22:54:36 UTC
Hey guys,

check out VertcoinMarket.com the very first Vertcoin crowdfunding site. Right now it is focused on projects that help to raise awareness for Vertcoin and build the ecosystem. I will make a proper announcement tomorrow.

If you want to actively help to spread the word about Vertcoin get involved or simply donate some VTC.

We have quite a small army of people who work on the ecosystem. If you have any VTC related idea and look for support or funding, come over to join us.


This is fantastic! I hope people get on board with this and inform new comers about it, I think this is the single best thing I've seen to help a community develop and promote a crypto.

On a side note, do we have anyone on or close to the dev team that can be a public figure? Perhaps to talk about vert in a video interview?
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Board Announcements (Altcoins)
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
by
jpeggt
on 04/02/2014, 02:09:43 UTC
VTC and CACH share the same idea anti-asic , both are scrypt-jane and have great devs. I think i will keep CACH.

VTC is not scrypt-jane
Algorithm: Scrypt-Adaptive-Nfactor (Not scrypt-jane)
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Board Announcements (Altcoins)
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
by
jpeggt
on 03/02/2014, 10:45:38 UTC
Sorry about the Australian p2pool node going down, was running on a tiny server and when more people came on it went down. Trying to organise for a better server.
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Board Announcements (Altcoins)
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
by
jpeggt
on 02/02/2014, 05:33:03 UTC

* Percentage of total hashrate mining on p2pool (just picked a few at random)
Vertcoin 16.2% (63 MHash of 394 MHash)
Dogecoin 1.4% (1.44 Ghash of 100 GHash)
Bitcoin 0.66% (140 THash of 21157 THash, 75% of this total rate being in four pools!)
Litecoin 0.22% (1.17 GHash of 79.2 Ghash)
Digitalcoin 0.2% (2 Mhash of ~1Ghash)

This is good, what would be the best percentage to stabilise at? 30%, more/less?
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Board Announcements (Altcoins)
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
by
jpeggt
on 01/02/2014, 05:15:24 UTC
Vertcoin is the only peer to peer currency that cannot be mined using asic miners, and there is as of yet no technology available to defeat this. (True?)

I think more specifically, its not that it can't be mined by ASIC chips (it can't with the current scrypt ASICs) but because of the "Scrypt-Adaptive-Nfactor" which results in increased memory requirements over time, it makes it more expensive to produce and every time the Nfactor changes you'll need a new one. So I think its more that its not profitable to make ASICs rather than being impossible.

Total lifetime coinage of 82 million places supply below litecoin, currently trading near $20 each.

Its 84 million supply, same as litecoin.

Market cap for litecoin currently at 2 billion dollars despite litecoins susceptibility to asics and heavy mining operations. This is a 4,000 times the market cap of vertcoin, which has a s a stronger potential long term position as a truly decentralized peer to peer currency.

Isn't the current market cap of litecoin a bit over 500 million USD?

Komodo dragon well

Kimoto Gravity Well Smiley
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Board Announcements (Altcoins)
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
by
jpeggt
on 31/01/2014, 04:33:54 UTC

...I will put up 30VTC towards that bounty if other people here will match enough to cover the total cost...

This sounds like a good idea, I think the tech side of VTC is sound and the dev's seem to be doing a good job behind the scenes, but now we need a marketing push to get more attention. This seems like a different approach from other alts, which is good.

I'm also happy to add 30VTC to the bounty.
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Topic
Board Announcements (Altcoins)
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
by
jpeggt
on 28/01/2014, 14:50:00 UTC
More miners needed on p2pool, decentralisation will make VTC stronger!

List of nodes here:
http://p2pool.vertcoin.org:9172

All the nodes work together, just choose the one closest to you for best results.
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Board Announcements (Altcoins)
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
by
jpeggt
on 11/01/2014, 15:05:43 UTC
how long do mined blocks take to mature?
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Board Altcoin Discussion
Re: [VTC] Vertcoin Unofficial Faucet
by
jpeggt
on 11/01/2014, 11:21:59 UTC
VaqLbmLq6taeGAtkuupkKbuo7cXBWbhsmV
Thanks

My number guess: 19