eddilicious



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Full MemberActivity: 196Merit: 100 does anyone know why vtc is so strong March 22, 2014, 04:36:51 PM #1



btw, I really hate those endless Icelandcoin, spaincoin, greececoin and stuff. can someone just end it? soon we will start to see Alabamacoins, buffalocoins. try bidding for three days, cannot get any, too long for a pump. it is like something is happeningbtw, I really hate those endless Icelandcoin, spaincoin, greececoin and stuff. can someone just end it? soon we will start to see Alabamacoins, buffalocoins.

TTM



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Full MemberActivity: 140Merit: 100 Re: does anyone know why vtc is so strong March 22, 2014, 05:41:28 PM #2 Vertcoin community is full of GPU miners and few investors, they flee to Vert because they cannot compete with incoming ASIC Scrypt machines. There is no real users (like many altcoins). These miners and investors don't want to sell, they HODL and dream that someday their coins will increase by 100 folds.

mechanikalk



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MemberActivity: 91Merit: 72 Re: does anyone know why vtc is so strong March 22, 2014, 10:52:49 PM #5 The reason Vertcoin is potentially valuable is because it is ASIC resistant, which means it will continue to operate via a decentralized network in the future. As mining hardware becomes more specialized, barriers to entry and efficiency of scale cause mining operations, and therefore the network to become more centralized. The original promise of Litecoin, and the reason that it originally held such prominence, was that it would remain decentralized. With the introduction of scrypt ASICs it essentially no longer serves this purpose while Vertcoin does. The initial bump that Vertcoin is experiencing started the same day that KNCminer announced pre-orders for their scrypt asic. Also, Litecoin started dropping in value the same day...

galbros



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LegendaryActivity: 1022Merit: 1000 Re: does anyone know why vtc is so strong March 22, 2014, 11:50:50 PM #6 Quote from: mechanikalk on March 22, 2014, 10:52:49 PM The reason Vertcoin is potentially valuable is because it is ASIC resistant, which means it will continue to operate via a decentralized network in the future. As mining hardware becomes more specialized, barriers to entry and efficiency of scale cause mining operations, and therefore the network to become more centralized. The original promise of Litecoin, and the reason that it originally held such prominence, was that it would remain decentralized. With the introduction of scrypt ASICs it essentially no longer serves this purpose while Vertcoin does. The initial bump that Vertcoin is experiencing started the same day that KNCminer announced pre-orders for their scrypt asic. Also, Litecoin started dropping in value the same day...



Basically this, Verticoin appears to be the most resistant by far to ASICs of the current crop of alt coins. Basically this, Verticoin appears to be the most resistant by far to ASICs of the current crop of alt coins.

FredDag



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Sr. MemberActivity: 436Merit: 250 Re: does anyone know why vtc is so strong March 23, 2014, 12:59:36 AM #7 Quote from: kalus on March 22, 2014, 09:21:58 PM Quote from: TTM on March 22, 2014, 05:41:28 PM There is no real users (like many altcoins). These miners and investors don't want to sell, they HODL and dream that someday their coins will increase by 100 folds.

How this coin would appeal to non-miners over other coins?



vertcoin seems to appeal to miners more than the market. Vert mining may increase as more asics start showing up, but more vert doesn't mean anybody's buying it.





How this coin would appeal to non-miners over other coins?vertcoin seems to appeal to miners more than the market. Vert mining may increase as more asics start showing up, but more vert doesn't mean anybody's buying it.

Also, the VTC wallet (on windows at least) supports the vertcoin: protocol for accepting http requests from QR Code scanners.

So you can display a QR Code on your website, customer scans the qr code & the vertcoin wallet opens to confirm & authorise the request.



How many other alt-coins have implemented this?

I believe BTC, LTC, DOGE, VTC have this functionality... If you know of others, let me know. Also, the VTC wallet (on windows at least) supports the vertcoin: protocol for accepting http requests from QR Code scanners.So you can display a QR Code on your website, customer scans the qr code & the vertcoin wallet opens to confirm & authorise the request.How many other alt-coins have implemented this?I believe BTC, LTC, DOGE, VTC have this functionality... If you know of others, let me know.

foodies123



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Sr. MemberActivity: 322Merit: 250 Re: does anyone know why vtc is so strong March 23, 2014, 06:03:00 AM #11 Quote from: mechanikalk on March 22, 2014, 10:52:49 PM The reason Vertcoin is potentially valuable is because it is ASIC resistant, which means it will continue to operate via a decentralized network in the future. As mining hardware becomes more specialized, barriers to entry and efficiency of scale cause mining operations, and therefore the network to become more centralized. The original promise of Litecoin, and the reason that it originally held such prominence, was that it would remain decentralized. With the introduction of scrypt ASICs it essentially no longer serves this purpose while Vertcoin does. The initial bump that Vertcoin is experiencing started the same day that KNCminer announced pre-orders for their scrypt asic. Also, Litecoin started dropping in value the same day...



centralizing the mining aroung gpu only is not decentralization centralizing the mining aroung gpu only is not decentralization nope

caston



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Hero MemberActivity: 756Merit: 500 Re: does anyone know why vtc is so strong March 23, 2014, 08:49:45 AM

Last edit: March 23, 2014, 09:03:57 AM by caston #13



YAC was the first scrypt/cha-cha coin with increasing N factor so it is definitely one to watch when scrypt asics come out.

There are another two big N factor increases scheduled for this year.



Yacoin is also also heavily under valued right now so this is a golden opportunity for speculators to come in and buy YAC by the truckload for very cheap.



https://bter.com/trade/yac_btc



https://www.cryptsy.com/markets/view/11



YAC has been largely forgotten in the excitement of the other new coins but it will deliver.



The fact that many investors have forgotten about YAC means that ASIC resistance has not yet been priced in giving huge potential for gains.



Thirtybird has had a lot of success mining YAC with R7 GPUs.YAC was the first scrypt/cha-cha coin with increasing N factor so it is definitely one to watch when scrypt asics come out.There are another two big N factor increases scheduled for this year.Yacoin is also also heavily under valued right now so this is a golden opportunity for speculators to come in and buy YAC by the truckload for very cheap.YAC has been largely forgotten in the excitement of the other new coins but it will deliver.The fact that many investors have forgotten about YAC means that ASIC resistance has not yet been priced in giving huge potential for gains. bitcoin BTC: 1MikVUu1DauWB33T5diyforbQjTWJ9D4RF

bitcoin cash: 1JdkCGuW4LSgqYiM6QS7zTzAttD9MNAsiK



-updated 3rd December 2017