(...)
Investing is not about going with your own logic, but about figuring out the logic of others. And the others moved on, which is why VRC got delisted on an exchange.
(...)
Sorry, but I think you are wrong here. Investing is about figuring out what others will do in the future. What you describe is following the crowd - it is called herd instinct and in general it leads to bad results. Ya that's what I meant, you have to figure out what others will do in the future, that's for sure. ok then, i am pretty confident, that others will not move into britcoin... funny enough, britcoin was the first name of bitcoin exchange intersango. So the fail is predetermined here.  |
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We were trashing Bobsurplus, but he was right about cloak, that thing got pumped big, but vrc fell. Maybe we should listen to him.  Who do you think pumped it? |
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(...)
Investing is not about going with your own logic, but about figuring out the logic of others. And the others moved on, which is why VRC got delisted on an exchange.
(...)
Sorry, but I think you are wrong here. Investing is about figuring out what others will do in the future. What you describe is following the crowd - it is called herd instinct and in general it leads to bad results. Timing is difficult, so I donīt even try it at all. I am not saying that Vericoin price will not go down further, but when I invested in it, I saw at least two useful features that no other coin offered. VeriBit already got copied by others - VeriSMS needs a little further development, but is also great. So I see the ability of the developers to create something and I expect them to continue on this path. VeriBank will be the next corner stone and for sure it will be integrated before Britcoinīs Bank - which again is a copy of a Vericoin idea. So please, donīt get me wrong either, you made a decision, and I wish you all the best with it. (EDIT: bad english) |
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Hi guys, I have some thoughts to share regarding VeriBank and Peer-toPeer-exchange... Would it be possible to integrate VeriBank into the wallet as a module, which you can access when you verify your wallet with VeriBank? Would it be possible for VeriBank to become a ripple gateway? I know many involved in cryptocurrencies donīt like ripple, but it is functional and just recently had a major announcement: https://ripple.com/blog/gbi-integration-allows-ripple-users-to-trade-send-and-spend-gold/I personally donīt expect anything from ethereum or similar projects; it will either never be finished or it will become a copy of ripple, or it will be illegal. - Have yet to look into the cloak implementation, but donīt expect anything from that either. In my view a peer-to-peer-exchange is not necessarily needed to be a successful cryptocurrency but these are just my thoughts on this topic. Another thought I have is on Peercoinīs Peerbox. You can learn about it here: http://peer4commit.com/projects/92Somewhere I read that Blackcoin just cloned it - or is trying to clone it, but I cannot find the link again. A Veribox for Vericoin would be great - maybe the devs could look into that - or at least someone with technical and coding skills. I just ordered a Raspi for my Peercoin holdings and I would like to buy another one for my Vericoin holdings. ok, these are just a few thoughts ... |
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# community
# p2p
# unbanked
but yeah, my favorites are CENTRALIZED!!! and DECENTRALIZED!!!
... stupidized much ...
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(...)
I am here because when I look through btt and found that I lost because of the rollback in the early days which should not be done when a fork happens (in early days I didn't realize it was a mistake, but now I do)
Again, there is nothing in your post history to back up your claims, you did not even post about vericoin until now. So you better provide evidence for your allegations - which of course you donīt have. So yes, you are just trolling - good luck with that - appreciate your efforts. |
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(...)
I don't want to FUD, but I am trying to say the fact. You guys can look at my post history and tell.
Did that and thereīs nothing in it confirming the allegations you posted here. So for me you are most likely in the same altcoin rapist PnD group as phzi and BobBlob. |
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More miners means more hashrate meaning:
[...]
-hurts dedicated miners of the coin when we leave them with high difficulty
[...]
That is kinda part of the point of this pool... to devalue altcoins by raping them and then trading them to BTC. So you are still in this raping business, phzi? |
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When the FUDers arrived here after the hack I defended the decision to fork the blockchain and I felt closer to this community because of it.
But when the DEVs announced, that they cannot do this again, I felt disappointed. [...]
The decision was right and will be right in the future. I do (somewhat hesitantly) believe that the recent rollback was the right thing to do, but only because the coin is still very immature. I doubt very much that I'd support a rollback in the future, however. I think the majority of the people are willing to accept that, during its infancy (prior to being widely distributed and used) a coin may encounter a crisis situation that requires drastic measures to resolve; measures that would never even be considered once the coin is more mature. From what I have seen, it's mostly the extreme crypto die-hards (along with a few mindless lemmings) that aren't willing to accept this; unfortunately, these people also happen to be the most vocal. This MintPal hack/theft has happened just two short months after VeriCoin was created. The coin is not yet widely distributed and there are only a small handful of vendors that accept it directly (non of which had any transactions between the time of the theft and the time of the rollback). The blockchain shows that there were minimal transactions between the time of the theft and the time of the rollback. The rollback simply did not impact many people beyond the annoyance of having to install a new wallet. Once VeriCoin is more mature, more widely distributed, and directly accepted by numerous vendors, the daily volume will be much higher. Under these conditions, such a rollback would have extremely negative ramifications; it'd be a very bad idea, IMO. On the other hand, with the wider distribution, it's pretty unlikely that we'd see an accumulation of 8 million coins in a single wallet... OK, so the argument against forking the blockchain in the future because of theft are from a technical perspective ? |
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(...)
But, first things first: VRC is pretending, so far, to be all solutions to all things. Which cannot be. It has to DEFINITE what it is, first and, way more importantly, set the CLEAR path to follow. We cannot pretend the rollback did not happen. If we pretend to remain a purist crypto coin that will allow thieves to get away with robbery and fraud, like every other crypto seems to be, it will be not credible and confusing; if we, on the other hand, state, clearly that yes, we welcome regulation, yes we will do anything possible when circumstances warrant to avoid the investors getting hurt and the thieves left to dry, then we are talking to an audience. And gaining their trust and support. Maybe it isn't the core crypto purists, but it will be, I bet, a much bigger one, much closer to the mainstream. (...)
You make a very good point here, because that is exactly what I thought in the days after the hardfork. When the FUDers arrived here after the hack I defended the decision to fork the blockchain and I felt closer to this community because of it. But when the DEVs announced, that they cannot do this again, I felt disappointed. Now the FUDers and thieves like BobSuperFlop will continue their troll campaign, without anyone of the community being able to defend the coin as we did right after the hack, because "hey: we cannot do this again" We now accept the rules of any other crypto - the rules of thieves and scammers. All the hacks and thefts in bitcoin/crypto are turning mainstream off. The decision was right and will be right in the future. I hope and think the community has a similar point of view as I have about making a thief hold an empty bag - and that is all I need to feel alright with my investment in vericoin - price is second here. EDIT: but please avoid the term bitcoin purist - these people are more like crypto dirt not so pure at all. |
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Cause of this coin's infinite coin age, it's easier to kill using this vulnerability. If you are not sure about something, donīt make it sound like it is a certainty. Since I'm not a developer nor a hacker I cant modify wallets to do such an attack, but here's the concept, which may not be right, but crackers may try. (...)
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Gooooooo Vericoin-DEVs! You are VEROs now and I need more of that VEROIN!!1 |
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Donīt know, if related or useful, but I also read something about a console command "repairwallet", which some people used to fix their wallet problems. Though I believe it was rather for fixing balances. |
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Little Kid BobSuperLooser should already feel ashamed to post here and give advice.
He never contributed anything of value.
But people like him seem to lack the ability of feeling ashamed, as all criminals do.
That is why he will continue to troll here, until he hopefully gets banned at some point.
But at least he increases the page count. So thanx SuperBlob.
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All right then, will leave now to sell my LTC. See you soon VeriFriends. |
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....
Let's make some math:
- Mintpal's daily volume was around BTC 2.5K, some BTC 5 daily revenues or US$ 2500 (based on 0.2% transaction fee)
- VRC 8M were valued at some US$1.65M
- This means some 660 days of MintPal's revenues
- Let's assume some VRC 12K coins as an average position
- This means some 660 people were holding their coins at MP
Conclusions:
1) MP would never be able to pay and would go bankrupt
2) As an immediate consequence, all 660 VRC holders would loose their money
3) With 30% of VRC coins out there available for further attacks, VRC would crash and all people holding it would loose their money
So, please, let not fool ourselves: It was not about saving MintPal. It was about saving the coin and the investors' money.
Image damage was done on all POS coins from PPC Nova..BC...XC...to VRC will surfer and with rollback you give all POW coins golden bullet to shot in POS... Right direction would be improve POS security to 90% resistance like NXT - not magic rollbacks. And whole black marketing has started like that one: http://www.reddit.com/r/litecoin/comments/2apsj7/litecoin_developers_will_never_fork_litecoin_to/ciycbhdCoblee just shot himself in the foot potentially. Does he think saying he won't fork will seperate him from any of the other crypto that are in the game right now? Not even under circumstances that would benefit his community. I wonder how many people will sell out of LTC and move funds here after hearing that. I certainly don't want my money with a "idealist" instead of someone more practical. You are telling me. If the developer is capable, and the whole community votes for it, he won't allow to stop the fraud?? WOW I WILL NEVER BUY LITECOIN! Yeah, and I will sell my remaining litecoins as soon as possible. Thanks Litecoin-DEVs, you just screwed it up. |
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Verigood! Could we then agree about VRC/FIAT in the wallet is needed more than ever now?
No, not their voting system. Im talking about their latest ninja listings like ISIS and TorCoin, while their were much better choices, both volume and coin wise.
I don't think the new coins were voted in with paid votes. They announced about a week ago that they will start listing more brand new coins. It's part of their attempt to stop their volume from bleeding away.
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so will MintPal re-list VRC again?
Do you think they will not list it again, because of all the recent FUD? VRC was one of their biggest markets before the hack, if not the biggest. They would be quite stupid not to list it again. I dont know what to think anymore about MintPal. Have you seen their last few listings when there were other much better coins they could have listed? So stupidity for them wouldnt be far out of the question. I suppose that is because of their voting system, which can easily be exploited. If some PnD-coin wants to be listed, the only thing they need to do is handing them over around 20 BTC. That is enough to be on top of the voting list. It is a bad system now, but they announced to change it and stop payment votes. So maybe it will get better in the future. EDIT: I do not want to defend mintpal here. I have withdrawn all of my VRC from there, since a hack always raises red flags. Mintpal has a lot of work to do, to restore trust. |
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so will MintPal re-list VRC again?
Do you think they will not list it again, because of all the recent FUD? VRC was one of their biggest markets before the hack, if not the biggest. They would be quite stupid not to list it again. |
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someone can quickly update me about mintpal...any news?
Withdrawals being processed...no plans to open VRC/BTC market Can I Withdrawal my VRC from MP to my wallet then? I withdrew my vericoins today. So yes, worked for me too. EDIT: I have also withdrawn the vrc that I bought from bittrex - worked also very well and fast. |
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