So goes the old saying in the building trade. But what does it mean? And more importantly, what the hell has that got to do with Vertcoin? ‘Measure Twice – Cut Once’ is a mantra that the best and the greatest tradespeople live by; essentially it means taking your time to get things correct the first time. By ensuring that the basics are in place, you save yourself problems down the line: wasting effort; wasting materials; and, wasting time.
In my opinion, the Vertcoin team at MIT encapsulate this mantra in everything that they do. Most importantly, they do not allow the pressure and objections from other stakeholders in the coin to lead them away from this steady and proven strategy for success. What am I talking about? Take one look at Twitter, Reddit or Discord. You will find the following: ‘get us on exchanges now’; ‘when moon’; ‘sort your fu*cking marketing out’; ‘AMD miner now’; and on and on it goes. People want results now and I guess that is only natural. However, what they are actually demanding is ‘hype’ to be generated. Hype is not the answer my friends and it never has been. Sure, I accept that hype on shitcoins such as Tron have made many people wealthy. However, how many of these gains have people lost when backing the next ‘hype train’? I would guess that the answer is a lot.
So, in the face of all this pressure, what has the Vertcoin team achieved? Well, look at the price chart for an instant assessment. Having sat at just 2 cents at the beginning of 2017, VTC finished the year at $6.59 per coin. If money is your motivation then that’s a bloody great validator of the hard work that is going on behind the scenes, and the confidence in the team and community that cannot be found in many spheres of the crypto world. From a technical perspective, the team achieved the following in 2017: the launch of the one click miner; successful on chain swaps with LTC; Lighting Network activation on main-net; targeted donations; launch of node scanner; and, much more!
In 2018, the community has already achieved a few of fantastic achievements. In just one month, the community raised 10,000 VTC to create a pot for exchange listings. One incredible supporter donated 10,000 VTC to the development team alone! The VTC Twitter account has ramped up interactions and marketing, and is presenting a professional brand to the world.
What next? Well there are a lot of great developments coming up for Vertcoin in 2018. From the view of improving the coins liquidity, we will see: the launch of the Vertbase exchange; the launch of the Vertpig exchange; the launch of VTC on NextExchange. All three of these promise VTC/Fiat markets, including GBP, USD and EUR. Wow, right? These launches will be game changing and offer people new routes into crypto other that Coinbase. Coinbases’ domination of the market is unhealthy for all coins, and VTC is going to offer another avenue into this growing marketplace.
With regards to technical offerings from the VTC team, 2018 will see: the launch of a suite of wallets offering in wallet Atomic Swaps and stealth transactions; the launch of the AMD miner (a monumental product); a new website; Trezor support and the establishment of the Vercoin Foundation.
So, allow the team to measure twice and cut once. Let the team work diligently and offer your support when you can to generate organic and sustainable growth. There is a lot going on with VTC, it just may not be generating the ‘hype’ that many are desperate for. However, now is the perfect opportunity to get on board. The coin is stupendously undervalued, and the only way is up. All that you will need to do is be patient.
Resources and other information:
Discord: https://discord.gg/Yb6EHNy
Twitter: https://twitter.com/Vertcoin
FAQ: https://www.reddit.com/r/vertcoin/comments/70x75q/frequently_asked_questions/
White Paper: https://vertcoin.org/wp-content/uploads/2017/10/Vertcoin_Lyra2RE_Paper_11292014.pdf
