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i see crypto users are still struggling to figure out what is a shitcoin just by reading the ANN. hopefully you will burn enough times to learn.
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"VeriCoin recently experienced an event that would have been devastating for any other currency, with the stealing of a leading exchange’s VeriCoin balance. It seems there are several reasons why this did not trigger a crash." - Dr Tom Holden, 23/07/2014. Err, OK. You lost all of your credibility right their. hehe -Tiny bagholder working his B.S. PR skills to improve price. Umm, FAIL!   Love this post, I totally agree. The theft and rollback killed this coin! RIP! k bye? |
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There was a denial of service attack on the supernodes sometime within the last 48 hours. It caused supernode 4 and 5 to desync and broadcast old blocks, causing clients to desync. I've updated them and blocked the DOS ips so all should be good now. I suspect that this caused several million coins to stop staking.
Wow. So we are getting people scared. Good. Best thing to do is to continue staking your coins. The top wallets are not moving. We are north-bound good job again Devs. the hackers are persistent, a sign that vericoin is veri valuable and veri much in demand if people would use veri much resources in attempts to steal coins, ddos nodes etc. make sure they waste all their time and resources and get nothing. #vericoin #verisecure |
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I noticed again few things. Situation now says that most of the ppl are calling for pumps just to finally get away from Vericoin because insane manipulation going on here.
Must say that for the most of the ppl some of you mentioning here I have never heard of. After little investigation few of them joined crypto world few months ago and you expecting for them to do something. In that short period of time I wonder how much they learned at all about crypto. Looking at those tweets I noticed that lot of things happened before are surprise for them. Complete story about exchanges, dumps or other things. In those comments I can see how much experience they have. It is not enough to invest lot of money into BTC and became man who can decide what goes up and what goes down. You are calling a man who joined crypto 5 months ago to pump vericoin price. How desperate this is?
Vericoin will get fair price only if one of the two things happen:
1. Some major company decide to invest and buy at least 75% of them keeping them as an investment fund, protecting the price by not selling them
2. Fair distribution of the coin when every crypto user realizes that he needs to own ~100 VRC just like he knows that he needs to own some BTC/LTC/FTC
For first option everything is prepared now because of the devs dedicated work and for last option we need one year to pass.
Feather Coin...really!?! +1 LTC really? |
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time for vericoin to implement decentralized in-wallet exchange. i may be willing to help with the design.
I agree decentraliced exchanges are needed more then ever espwcially for pos coins like vericoin. If that happens we all will be veri rich  We are working with a group to get a decentralized exchange, we will look into the possibility of it being in the wallet, that's a nice idea. Though it may be technically difficult, let's see. sounds good. go ahead and nail down your ideas for it and if u get stuck with anything just message me and ill see if i can help you solve it. ill try to be in the irc channel more often Best Regards, Coinler |
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time for vericoin to implement decentralized in-wallet exchange. i may be willing to help with the design.
I agree decentraliced exchanges are needed more then ever espwcially for pos coins like vericoin. If that happens we all will be veri rich precisely, it would provide additional security from exchange dumping for the free coins they get in stake every day. considering all the coins they get in stake they probably shouldnt even be charging trade fees, but i guess business is business and thats how capitalism works when you have a monopoly on a situation with no competition to offer competitive pricing. this the whole idea behind crypto, reducing centralized power structure and spreading the power among members of the community. ill hope that vericoin announce this to be the next thing in their road map. i think that it would be great retrieval to spark confidence and interest in the fact that they are making moves to prevent such hacks happening again and securing their investors. also regarding the blockchain wallet resync issues i see discussed in the hangout. it may be a good option to provide a new download link for the blockchain and just ask users to copy and replace their current blockchain and peers.dat file as diamondcoin did. itll make things alot simpler than forcing users to get acquainted with irc etc. here's file, copy, paste and replace, sync.. done! |
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time for vericoin to implement decentralized in-wallet exchange. i may be willing to help with the design.
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Guys... any update on when the next rollback will happen? I'd like to know so I can make a few grand on it if possible.
wait.. what? they havent done the rollback yet? i thought they froze all exchanges in a coordinated effort and did the rollback already?? Hey Coinler, it's just Bob our resident troll! The rollback was done successfully day of the hack, all stolen coins where returned to their rightful owners and all missing funds ($4,000) was reimbursed by mintpal(merchants, exchanges, coin owners) Bob is here to spread FUD about the rollback and that's all he has to say repeatedly, we all think he might be mentally deficient. EffectstoCause can you please confirm this? because this is what i expected and would have been a wise decision. in addition you couldve tracked the funds with the help of mintpal through the blockchain and have each exchange seize them if they came from one of those addresses that the stolen funds went to. Coinler, that is the case. Bob has been here shouting things without much substance for a long time. Everything has been done with much thought. The developers called everyone that accepts VRC prior to any decision that was made. They looked at all angles and took action to secure VeriCoin. If you are looking for information regarding the Mintpal hack a good place to start would be watching this youtube video. It's the google hangout with devs after the hack. They explain the situation, and actions taken. https://www.youtube.com/watch?v=1PkqNcVD0YIYou will need to rewind to the clip it looks like. Hope this helps. you've got to maintain clarity. sarcasm doesnt help but just confuses investors. i got all the media reports so thats why i came here (late) to support the decision. from what i knew it was done immediately following the hack and im glad now that i dont have to retract my earlier comments regarding the rollback. come on guys dont let the fudsters get you down. the ones responsible for the hack are the only ones that would have a problem with a rollback. that's just common sense. now the thieves have nothing, vericoin needs to take over the media with confidence in themselves in their reports. i havent seen much from you recently on main article websites so its time to take the lead on that. you dont have much competition in crypto. some people just want to slow you down because you were getting close to being direct competition with bitcoin.. which in some ways i believe you already are considering the team you have here. |
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[...]The rollback was done successfully day of the hack, all stolen coins where returned to their rightful owners and all missing funds ($4,000) was reimbursed by mintpal(merchants, exchanges, coin owners) EffectstoCause can you please confirm this? because this is what i expected and would have been a wise decision. It's been confirmed and discussed to death. The rollback was done to prevent a 51% attack, which would not have been difficult to do with 8M coins. A beneficial side effect of the rollback was that the thieves lost their coins and Mintpal was bailed out from a disastrous situation. excellent, not just on the decision, but the quick thinking and the hardest part of all, performing a successful rollback. so that means that what we have is a confidence issue in vericoin investors. there are conflicting reports out there in the media. there needs to be a cleanup and strong media gathering around support for vericoin's decision. the media information needs to stress that the integrity of the network was maintained via the decision and that there is no need for any doubts from investors that theyll be feeding thieves to invest in this coin. the articles also need to remind everyone that because of this decision vericoin has no reason to suffer the same fate as dogecoin etc since everything is just as it was before the hack. meaning all committed investors are in no way at risk of a dump as was faced with dogecoin. this is becoming more than 2 cents lol |
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Guys... any update on when the next rollback will happen? I'd like to know so I can make a few grand on it if possible.
wait.. what? they havent done the rollback yet? i thought they froze all exchanges in a coordinated effort and did the rollback already?? Hey Coinler, it's just Bob our resident troll! The rollback was done successfully day of the hack, all stolen coins where returned to their rightful owners and all missing funds ($4,000) was reimbursed by mintpal(merchants, exchanges, coin owners) Bob is here to spread FUD about the rollback and that's all he has to say repeatedly, we all think he might be mentally deficient. EffectstoCause can you please confirm this? because this is what i expected and would have been a wise decision. in addition you couldve tracked the funds with the help of mintpal through the blockchain and have each exchange seize them if they came from one of those addresses that the stolen funds went to. basically blacklisting the address. if you havent already blacklisted the address, perhaps you can speak with your developers about seeing if you can have that done as well if you think it is a feasible move. |
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Guys... any update on when the next rollback will happen? I'd like to know so I can make a few grand on it if possible.
wait.. what? they havent done the rollback yet? i thought they froze all exchanges in a coordinated effort and did the rollback already?? |
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You've heard of credit card fraud before... right?
There are ways to prevent this, as has been already mentioned above, verification is the key. You've got to be kidding me. Bring your 3-tier verification processes. You're still going to get defrauded if you allow crypto purchases with credit cards - period. If you don't understand this, then you're just being ignorant. But please, prove me wrong... (hint: you can't, I'm just going to enjoy watching you fail if you try) well im not here to teach you about creditcard merchant and banking technologies so if that is your view then what can i say but, you are welcome to your opinion. keep saying it's impossible, you'll believe it eventually. experienced point of sale and financial sector worker here who's worked in rooms with millions of dollars sitting next to me in cash.. but hey what do i know. if you try any creditcard fraud though via my implementation, you'll find cops at your door no matter what country u live in. vericoin may have chosen to use a 3rd party. but doesnt that mean "not impossible"? anyway it's past my bedtime/movietime so im off for now. It's not just an opinion... nor does having sat next to piles of cash indicate you know anything about credit card fraud prevention. How about this: if you're so sure nobody can defraud your credit card processing implementation, please put your money where your mouth is, and offer a public challenge to proving you wrong. The fact your say, "you'll find cops at your door" clearly indicates that you have no clue about anonymity on the internet. How exactly are you going to find the person that defrauded you to buy a digital product that was never shipped? And even if you are talking about a merchant that physically ships products, it's going to be a drop address, and the recipient will be long gone by the time you get the credit card charge back... So... Prove it or shut the fuck up - and I'll happily disprove anything you try to prove about your recent comments. So, I would suggest you go with the "shut the fuck up" option, and stop talking about what you don't know. You show me somewhere that you can purchase crypto currencies with credit cards, and I'll show you somewhere that is (or will be) actively being defrauded.
And BTW, working with large sums of cash that isn't yours is easy - most people learn quickly not to associate that cash with spendable money, and instead view it as a sort of monopoly money - it can be counted, but has no real world value to you. i would respond to this. believe me i would, but ive said enough on the topic. i know all about credit card processing technologies, the holes and loopholes in various implementations and what you say isnt far from the truth. but truth be told.. the more information i provide is the more information i provide for free. so if noone believes it is possible, then that just leaves the door open for me to deliver something brand new to cryptocommunity. im working on developing my own project atm and these features are part of my project roadmap. a roadmap where i have the contacts and experience to deliver on every single aspect of it over a 24 month period. it wont be just empty promises. i have my methods of solving problems. it's what i do for a living. im a thinker/inventor etc! what i will tell you is that i also intend to place bounties out for hackers to try to exploit our code. i intend to hire hackers on contract to further stress test any new technologies i implement so im not afraid of that. ill give you this.. you may be right in saying "there is no 100% security on the internet" and that is absolutely true! but what can be done is that the process is made so difficult to perform, that only a few would take the time, or have the knowhow to perform it. are you going to intercept a call from the bank to it's true cardholder before the transaction is approved? sure you could steal their phone, but what if its on a landline, you'll go outside their house and phreak their box? im no stranger to these technologies my friend. theres alot more that can be done as well regarding security. there are multiple facets. the last thing i will say on the topic is about chargebacks is that if you provide the required verification through the right channels, then chargebacks dont become an issue and the bank will repay it's real creditcard owner via it's insurance setup. so the merchant doesnt suffer any chargeback issues once they agree to operate under certain protocols. either way, i can debate a topic without cussing and getting on like a raunchy idiot to get my point across. to me i consider that behaviour losing the debate. so dont frustrate yourselves mate. its just a conversation on the internet. |
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so how much grs u guys got now?
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You've heard of credit card fraud before... right?
There are ways to prevent this, as has been already mentioned above, verification is the key. You've got to be kidding me. Bring your 3-tier verification processes. You're still going to get defrauded if you allow crypto purchases with credit cards - period. If you don't understand this, then you're just being ignorant. But please, prove me wrong... (hint: you can't, I'm just going to enjoy watching you fail if you try) well im not here to teach you about creditcard merchant and banking technologies so if that is your view then what can i say but, you are welcome to your opinion. keep saying it's impossible, you'll believe it eventually. experienced point of sale and financial sector worker here who's worked in rooms with millions of dollars sitting next to me in cash.. but hey what do i know. if you try any creditcard fraud though via my implementation, you'll find cops at your door no matter what country u live in. why didn't you take the money and run? lol j/k hhahah that joke ive heard so many times by basically everyone that's been in one of these rooms lol lol ya wouldn't get far I assume, but hey glad you are here with us lol thought never crossed my mind. but for others i probably cant say the same. ive seen some work with tears welling up in their eyes haha. few could work in these rooms unsupervised however so ya, wont get very far. |
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You've heard of credit card fraud before... right?
There are ways to prevent this, as has been already mentioned above, verification is the key. You've got to be kidding me. Bring your 3-tier verification processes. You're still going to get defrauded if you allow crypto purchases with credit cards - period. If you don't understand this, then you're just being ignorant. But please, prove me wrong... (hint: you can't, I'm just going to enjoy watching you fail if you try) well im not here to teach you about creditcard merchant and banking technologies so if that is your view then what can i say but, you are welcome to your opinion. keep saying it's impossible, you'll believe it eventually. experienced point of sale and financial sector worker here who's worked in rooms with millions of dollars sitting next to me in cash.. but hey what do i know. if you try any creditcard fraud though via my implementation, you'll find cops at your door no matter what country u live in. why didn't you take the money and run? lol j/k hhahah that joke ive heard so many times by basically everyone that's been in one of these rooms lol |
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You've heard of credit card fraud before... right?
There are ways to prevent this, as has been already mentioned above, verification is the key. You've got to be kidding me. Bring your 3-tier verification processes. You're still going to get defrauded if you allow crypto purchases with credit cards - period. If you don't understand this, then you're just being ignorant. But please, prove me wrong... (hint: you can't, I'm just going to enjoy watching you fail if you try) well im not here to teach you about creditcard merchant and banking technologies so if that is your view then what can i say but, you are welcome to your opinion. keep saying it's impossible, you'll believe it eventually. experienced point of sale and financial sector worker here who's worked in rooms with millions of dollars sitting next to me in cash.. but hey what do i know. if you try any creditcard fraud though via my implementation, you'll find cops at your door no matter what country u live in. vericoin may have chosen to use a 3rd party. but doesnt that mean "not impossible"? anyway it's past my bedtime/movietime so im off for now. |
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*sigh* this is a dead horse that will never stop getting beaten the "proper fiat/wallet purchase implementation" that you speak of is, at this moment, IMPOSSIBLE to achieve since it requires SEVERAL HUNDRED THOUSAND AMERICAN DOLLARS to get LICENSED by FINCen to enable this. SOOOO either drop it or cough up the couple hundred thousand dollars needed to achieve this....
i dont know about that exactly. there may be other ways. as someone who has worked in the Point of Sale industry for years it's not impossible to get coding done that implements credit/debitcard to a cryptocurrency. i actually know devs who are capable of making this happen with full integration for barcode systems at checkout counters etc. since cryptocurrencies are considered a commodity it's much like buying a carton of milk in this regard using magnetic stripe readers etc that integrate with the banking system. itll just take a significant amount of preplanning.. but to state its impossible shows a lack of knowledge in this arena. just saying. If you implement credit to crypto, you're going to get defrauded left, right, and center... I think you're sorely missing something here if you honestly think you could pull that off and not lose all of your money. Why exactly would that be? Uh, what part he's missing, I couldn't tell you. But, performing an irreversible transaction (e.g. sending crypto) on the basis of payment via a reversible medium (e.g. credit card) is about as dumb as it gets in taking payments? Although... maybe VRC devs will just offer rollbacks of the blockchain to reverse fraudulent VRC purchases with credit cards. hahaha... ya.... *sigh* *sigh* this is a dead horse that will never stop getting beaten the "proper fiat/wallet purchase implementation" that you speak of is, at this moment, IMPOSSIBLE to achieve since it requires SEVERAL HUNDRED THOUSAND AMERICAN DOLLARS to get LICENSED by FINCen to enable this. SOOOO either drop it or cough up the couple hundred thousand dollars needed to achieve this....
i dont know about that exactly. there may be other ways. as someone who has worked in the Point of Sale industry for years it's not impossible to get coding done that implements credit/debitcard to a cryptocurrency. i actually know devs who are capable of making this happen with full integration for barcode systems at checkout counters etc. since cryptocurrencies are considered a commodity it's much like buying a carton of milk in this regard using magnetic stripe readers etc that integrate with the banking system. itll just take a significant amount of preplanning.. but to state its impossible shows a lack of knowledge in this arena. just saying. If you implement credit to crypto, you're going to get defrauded left, right, and center... I think you're sorely missing something here if you honestly think you could pull that off and not lose all of your money. please explain more exactly how this defrauding will occur in your view? You've heard of credit card fraud before... right? There are ways to prevent this, as has been already mentioned above, verification is the key. i blame flouride in the water supply LOL |
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*sigh* this is a dead horse that will never stop getting beaten the "proper fiat/wallet purchase implementation" that you speak of is, at this moment, IMPOSSIBLE to achieve since it requires SEVERAL HUNDRED THOUSAND AMERICAN DOLLARS to get LICENSED by FINCen to enable this. SOOOO either drop it or cough up the couple hundred thousand dollars needed to achieve this....
i dont know about that exactly. there may be other ways. as someone who has worked in the Point of Sale industry for years it's not impossible to get coding done that implements credit/debitcard to a cryptocurrency. i actually know devs who are capable of making this happen with full integration for barcode systems at checkout counters etc. since cryptocurrencies are considered a commodity it's much like buying a carton of milk in this regard using magnetic stripe readers etc that integrate with the banking system. itll just take a significant amount of preplanning.. but to state its impossible shows a lack of knowledge in this arena. just saying. If you implement credit to crypto, you're going to get defrauded left, right, and center... I think you're sorely missing something here if you honestly think you could pull that off and not lose all of your money. Why exactly would that be? Uh, what part he's missing, I couldn't tell you. But, performing an irreversible transaction (e.g. sending crypto) on the basis of payment via a reversible medium (e.g. credit card) is about as dumb as it gets in taking payments? Although... maybe VRC devs will just offer rollbacks of the blockchain to reverse fraudulent VRC purchases with credit cards. hahaha... ya.... *sigh* *sigh* this is a dead horse that will never stop getting beaten the "proper fiat/wallet purchase implementation" that you speak of is, at this moment, IMPOSSIBLE to achieve since it requires SEVERAL HUNDRED THOUSAND AMERICAN DOLLARS to get LICENSED by FINCen to enable this. SOOOO either drop it or cough up the couple hundred thousand dollars needed to achieve this....
i dont know about that exactly. there may be other ways. as someone who has worked in the Point of Sale industry for years it's not impossible to get coding done that implements credit/debitcard to a cryptocurrency. i actually know devs who are capable of making this happen with full integration for barcode systems at checkout counters etc. since cryptocurrencies are considered a commodity it's much like buying a carton of milk in this regard using magnetic stripe readers etc that integrate with the banking system. itll just take a significant amount of preplanning.. but to state its impossible shows a lack of knowledge in this arena. just saying. If you implement credit to crypto, you're going to get defrauded left, right, and center... I think you're sorely missing something here if you honestly think you could pull that off and not lose all of your money. please explain more exactly how this defrauding will occur in your view? You've heard of credit card fraud before... right? ohh man that is ridiculous. are you familiar with various creditcard merchant technologies and their verification process? there are many ways to ensure that a creditcard isnt being fraudulently used and it's all a matter of the merchant verification process chosen. via insecure cards maybe yeah, but guess what.. u can disallow insecure card purchases and only accept secure ones. not rocket science.  |
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In regards to fiat purchases of VRC, you dont even need to use moolah. You can buy BTC on Cryptsy with fiat Cryptsy is FinCEN licensed, then buy VRC. Infact you can buy 100's of alts there (if you chose to with fiat), somthing that no other US based exchange has that I am aware of.
you actually have to tell them this? who doesnt know cryptsy is fincen licensed? theyve improved their service greatly over time i must say. |
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*sigh* this is a dead horse that will never stop getting beaten the "proper fiat/wallet purchase implementation" that you speak of is, at this moment, IMPOSSIBLE to achieve since it requires SEVERAL HUNDRED THOUSAND AMERICAN DOLLARS to get LICENSED by FINCen to enable this. SOOOO either drop it or cough up the couple hundred thousand dollars needed to achieve this....
i dont know about that exactly. there may be other ways. as someone who has worked in the Point of Sale industry for years it's not impossible to get coding done that implements credit/debitcard to a cryptocurrency. i actually know devs who are capable of making this happen with full integration for barcode systems at checkout counters etc. since cryptocurrencies are considered a commodity it's much like buying a carton of milk in this regard using magnetic stripe readers etc that integrate with the banking system. itll just take a significant amount of preplanning.. but to state its impossible shows a lack of knowledge in this arena. just saying. If you implement credit to crypto, you're going to get defrauded left, right, and center... I think you're sorely missing something here if you honestly think you could pull that off and not lose all of your money. please explain more exactly how this defrauding will occur in your view? |
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