Quote from: turtoro on November 23, 2014, 06:52:43 PM

Quote from: Poramin Insom on November 23, 2014, 06:45:47 PM

Quote from: turtoro on November 23, 2014, 06:15:49 PM

Quote from: centrafuge on November 23, 2014, 04:52:25 PM

Quote from: turtoro on November 23, 2014, 10:06:49 AM

Quote from: kazuki49 on November 22, 2014, 02:01:59 AM

Quote from: AizenSou on November 21, 2014, 11:16:56 PM

Yes changing the algo doesn't make you coin better. Look at Feathercoin. Everyone was hoping that changing the algo will affect the price. And the result ? A picture worths more than 10k words:
http://coinmarketcap.com/currencies/feathercoin/#charts

FTC offers nothing new, same old same old, catering only to miners and their GPU farms doesnt work anymore, the scene has changed, VTC has better chances than FTC, because of the privacy feature.

Sx addresses were a neat novelty, but are absolutely useless. Stop making Vtc out to be a "privacy coin", it is simply not.

Could you elaborate on how stealth adresses are not a privacy feature? What is there failing in your opinion?

A privacy feature does not make a privacy focused coin. Or in other words an anonymity coin. Sx addresses are a "mild" version of privacy. All they do is potentially scrub the addresses, not more than that. As I said they are a neat novelty but useless in a coin thats not being used for transactions. Vert decided in Spring it wants to go after the mainstream market-which is the only reason to have gone with sx instead of anon. My position is that that market is going to be dominated by BTC and there will not be room for growth for other coins in the sector. Especially because NOBODY here is working on gaining merchant acceptance anymore. Everyone thinks that it will come around magically, it wont. As I said in the previous post, there has been nothing done in that area since Spring. And rightly so, its hard enough for merchants to accept BTC which is established, to think that they would accept VTC in any meaningful way is unimaginable.

What should have been done (and in my opinion still should be done) is we transform VTC into an anon coin and go head to head with drk and XMR. That market is sill up for grabs. And this was the mistake of Bushido. He could have utilized the 5,000+ community, held a discussion about changing strategy, and if everyone agreed he could have utilized the resources that remain with VTC rather than starting from scratch with zerovert (which could have been huge if it was rolled out better). I understand why he did it, but again, I dont think it was the best idea.

So to answer your question, sx is a privacy feature, but in a coin fighting a losing battle. VTC is not a privacy coin.

Make Vtc the go to miners coin with the algo change, incorporate zerocoin into Vtc, and then we have something to be excited about. People will be encouraged to mine, and will at the same time be encouraged to use it for their "privacy" needs. It could be the second coin under BTC. Win win. If Bushido did in fact figure out to to do zerocoin, then we would be running on jetfuel because its better than ring sigs/cryptonote etc.

I'm really like your idea, but due to Zerocoin itself still has performance issue and cutting-edge cryptography. So, it is hard and very risky decision to implement in Vert. So, my plan is creating a platform and ecosystem for Vert. Instead of putting everything to Vert, I will create services and make Vert as a central core like the Sidechain concept that Bitcoin wants to have altcoin around, and Bitcoin as a core.

Its a reasonable position, but its has to be planned out and in terms of a firm overall strategy, and then let the people know what is going on. Make a 6month plan of what you are trying to accomplish and put it up so everyone can read it. If you want to create a Vert ecosystem, you cant do it without a Vert community to advocate for it. A lot of people still want to be part of this, but are on the sidelines because of the uncertainty in direction.

I will release the 6 months plan soon then, thank you for your advice.

Poramin Insom

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