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Wow. It's not even a coin. It's just a website to collect $88 USD for a 'kit' to use their coin. What a scam.  |
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Could someone fix the TipVRC Bot on reddit.com/r/vericoin? There are a few of us who tried to use it, and now have coins stuck in the system.
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Congratulations to all who have eggs steel!!!
Are you trying to say "balls of steel"? No, I think he said it right!  |
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Happy to see the panic building by the price drop. Please continue to dump your Vericoins so I can buy them at bargain prices!
Look, the whole rollback debate is moot. Any coin can do it. To those who spout nonsense like "philosophically it's wrong", you are being naive. Only when it's technically impossible to rollback the blockchain will the problem be solved. Until then we are no better than governments who promise not to print more money, but then do because of political pressure.
Vericoin is the only coin I'm aware of that has all of these features:
- the developers are public with their identities
- the coin pays interest when you're saving coins (Staking)
- truly anonymous transactions (VeriSend)
- can be sent via SMS to any one of the billions of cellphones on the planet (VeriSMS)
- can be used wherever BitCoins are accepted (VeriBit)
There are coins that have some of the things on this list, but not all. As other coins try and play catch-up, do you think the devs are going to stand still? No, I don't think so either. This list is going to get longer and longer, and the reasons to hold most other coins fewer and fewer.
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Thanks for warning us about this. It's easy to all for something like this when the domain names are almost identical.
No problem  Just wish there was more that could be done. |
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Note also that there is a legitimate http://bitgamelabs.com (note the additional "s") The whois for this one is over a year old: Domain Name: BITGAMELABS.COM
Registry Domain ID: 1802368427_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.godaddy.com
Update Date: 2014-05-06 22:28:21
Creation Date: 2013-05-19 07:05:21 The one who is likely a thief is less than a month old: Domain Name:bitgamelab.com
Registry Domain ID:
Registrar WHOIS Server:whois.paycenter.com.cn
Registrar URL:http://www.xinnet.com
Updated Date:2014-07-04 19:23:18
Creation Date:2014-07-04 19:23:18 Hopefully the guy who is ripping people off can be taken offline soon. |
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I love this bit!  livehelp2 3:04:27 AM
please make sure your pc not got hacked
Visitor 3:04:54 AM
I don't use a PC. I see you've updated it
livehelp3:05:08 AM
no If you want to see the Live Chat operator go instantly nuclear, just share a link to this thread during the chat  https://bitcointalk.org/index.php?topic=698220.0Try it. It's fun He keeps banning me, and I keep connecting back through another proxy. |
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Just a follow-up. After I showed this post to the Live Chat operator again, they got very angry and said some nasty things about my mother.
So yeah, bitgamelab.com seems like a scam.
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Just a head's up. Bitgamelab.com is likely a scam. Here's a thread where someone was ripped off by [Suspicious link removed].com: https://bitcointalk.org/index.php?topic=649224.0So I talked with the Live Chat operator, and told them their login page said [Suspicious link removed].com account holders may login. After talking with them, it magically changed to Bitgamelab.com  Caveat Emptor folks Here's the chat log I had with them: livehelp2:54:00 AM
hello
2:54:06 AM
what can I do for you now?
Visitor2:54:28 AM
not sure if paypal will protect me
2:54:30 AM
https://bitcointalk.org/index.php?topic=649224.0
livehelp2:54:58 AM
what is it?
2:55:02 AM
i don't understand
Visitor2:55:37 AM
a link to a conversation about [Suspicious link removed].com. I can login to your site with an account from there.
2:56:30 AM
your site is still relatively new as well. whois say registered 2014-07-04
livehelp2:56:44 AM
what,link to [Suspicious link removed].com,why?
2:56:53 AM
we are bitgamelab.com
Visitor2:57:33 AM
then why when I go to your login page does it say [Suspicious link removed].com customers can login?
livehelp2:57:56 AM
impossible
2:58:21 AM
please show me your username and password,let me trying to login
2:59:44 AM
before you use [Suspicious link removed].com?
2:59:53 AM
please refresh to page.
Visitor2:59:59 AM
https://i.imgur.com/ZzP2kyh.png
livehelp3:00:07 AM
maybe you not clear your cookies
3:00:46 AM
maybe somethings wrong
Visitor3:00:57 AM
bottom of your page says "Copyright © 2014 [Suspicious link removed].com. Powered by Bitgamelab.com"
3:01:25 AM
yeah, I think something is wrong alright :)
livehelp3:01:40 AM
no,we try it,not show as [Suspicious link removed].com
Visitor3:03:01 AM
see for yourself. bottom of the page https://i.imgur.com/7QfgaIG.png
livehelp3:03:37 AM
all wrong,
3:03:53 AM
our page all right,please refresh page ,
3:04:09 AM
our page all show as bitgamelab
3:04:27 AM
please make sure your pc not got hacked
Visitor3:04:54 AM
I don't use a PC. I see you've updated it :)
livehelp3:05:08 AM
no |
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Who's going to take a chance and except vericoin when they can chose one of the hundreds that have not broken the first rule of crypto!!! You're radioactive!
The only rules that cannot be broken are the ones that cannot be broken. You can't create coins without mining them because of cryptography, so that's a rule. But you can rollback the blockchain. You can decide to reissue a wallet that will mine more coins past an arbitrary amount. If you want your precious "first rule of crypto" to be enforced, show me some code that makes it impossible to do a rollback. |
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Until it's technically impossible to rollback the chain, this "problem" will continue. The argument of "I don't like what the VeriCoin devs did, I'm going to buy <such-n-such> coin instead" doesn't hold because all other cryptocoins can be rolled back as well. Just because the devs say they won't doesn't mean they can't!
this simply is not true at all... in a PoW coin you have to convince the miners to adopt the new fork. If 51% of the miners do not agree then the fork simply does not happen. due to its size and also its PoW implementation it would be virtually impossible for the bitcoin devs to do something like this with bitcoin without first gaining the consensus from mining community. miners play a vital role in securing the network not only from outside attacks but from internal misuse of power. they are separate from stake holders with separate interests so they act as a counterbalance. in a PoS coin there are no miners so there is no separation of powers. in theory stake holders should play that vital role of making sure that power is not abused. in practice however.. stake holders do what they are told or get locked out of the system. this is not just a problem for PoS coins, it does affect all small growing coins, the PoS part merely amplifies problem because some crucial checks and balances are removed. so I reiterate that it really isn't true at all so say that ANY coin can be rolled back. Some are many orders of magnitude more difficult to roll back than others. But they *CAN* be rolled back. That's the point. |
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To expand on a point I made earlier, I want to relay a story from history: ------ In World War II the allies relied heavily on bombing the enemy to try and turn the tide of the war. However they were losing a lot of planes from ground fire and air combat. When many of the planes returned, they were often shot up so badly it was a wonder they could fly at all. "We need to reinforce these planes with armour" said the leaders in charge. But the engineers had a problem "If we put too much armour on them, then the planes will be either too heavy to fly or burn too much fuel to be able to make the trip". A mathematician named Wald was asked to catalogue where all the bullet holes had torn through the plane. He produced a diagram that reflected something similar to this:  The plane on the left represented the undamaged plane, and the plane on the right was where the damaged was being recorded. The superiors said "ah, we need to reinforce the wings, nose and tail because this is where the damage is occurring". Wald said "I'd reinforce the areas where there are no bullet holes". "What?" they said incredulously. "But that's where all the damage is!" "But Sir" said Wald "these are the planes that made it back" As the obviousness of Wald's observation sunk in, the engineers began the task of reinforcing the remaining planes ------ If cryptocoins are going to win the war and become a viable currency, we have to stop focussing on the holes and start seeing the areas that truly need to be reinforced. |
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People are worried that this might set precedent for other coins to respond the same. An example would be if Bitcoin did this when Mt.Gox happened.Bitcoin has forked two times, significantly. One was in 2010 when someone was able to mint billions of Bitcoins. They had to go back 100 transactions and reset the chain. Thankfully, the network was really small then, and all the developers had to do was get to the big pools and tell them to update their codes. Bitcoin was really small, and no one cared about it, so it didn’t get much attention. The second event was where Bitcoin was updating from, I believe, 0.7 to 0.8. People didn’t like the 0.8 change, so some people didn’t move over. Basically, they were competing on two parallel chains for a long time. Eventually, the developers decided to revert back to 0.7.When people say we’re abusing our power, that’s fine; they can say what they want to. I don’t think of it that way, because we were going out of our way to prevent the coin from dying off. Most of the people who are critical of this are people that don’t own it and are people that want another coin to succeed. They attack every coin and right now it’s a good opportunity to attack VeriCoin. ------ There is more, read the full article @ http://www.cryptocoinsnews.com/news/vericoin-developer-speaks-ccn-mintpal-hardfork/2014/07/15 That is the mos important part. The dev decided to make a change but the people didn't. And in the end it was the users that decided the which chain was the right one. Here there was decision taken by a few to protect a business , nothing more. Until it's technically impossible to rollback the chain, this "problem" will continue. The argument of "I don't like what the VeriCoin devs did, I'm going to buy <such-n-such> coin instead" doesn't hold because all other cryptocoins can be rolled back as well. Just because the devs say they won't doesn't mean they can't! So bravo VeriCoin devs! You did a good thing, and although people are upset you violated some sort of imaginary moral law, the problem that has always been there is now front and centre. If you don't like it, show me the code to fix the problem. |
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Just noticed 5 million+ vrc was transferred a few blocks back, hope someone hasn't been hacked into again.  That's down from 8M. It's Mintpal's coins they are distributing back to the owners now. Go backwards through the chain and you can see them distributing it. I would like to give a big thank you to the VRC Dev team and the Dogecoin guy for so brilliantly making things right. You guys not only saved Mintpal and everyone who had any type of crypto on that exchange but you also saved Vericoin from a 51% attack that would have assuredly killed the coin. And I don't think you should even say that you will never do this again. I think every criminal thief out there will think twice about stealing Vericoins now, because now we have proven that justice can be served in crypto. Next we just have to get a better way of catching the criminals and sending them to jail too. p.s. Everyone please keep moving your coins off Mint and into your wallet. Learn the practice of only putting your coins on an exchange for a few minutes when you need to exchange them. Then right back to your wallet. This will reduce your odds of getting MintGox'd by atleast 1000X. It will also at the same time reduce the chances of the exchange getting targeted in the first place and will secure the entire Vericoin network from anyone planning a 51% attack. Think of it as your duty. I have posted several times that I also believe the devs acted wisely. But the gratitude for it would be quite excessive since their options were so limited that, in fact, there was nothing else they could do. Thanking someone for doing the only thing they could possibly do, is overkill, I'd say. Did they save the coin? obviously they did. But that benefits no one more than themselves -other than the Black Hand, of course, which is a very important consideration by the way-. If they did nothing, VRC couldn't exist today. Neither would MintPal... nor the BLACK HAND. And the reputations and the names of these devs would be ruined forever, while the same bar of transparency that they raised significantly with VRC, would actually prevent them from any position of significance, ever again, in crypto. So the gratitude is far from warranted... even if, as is the case, I fully support what they were forced to do. And on that note, I still fail to see - that's why I expect, anxiously, the addressing of the matter in the hangout-, the reason (or price, for VRC should benefit monetarily and in significant measure for it) for saving MintPal, obviously the element at fault besides the crooks. From ANY perspective, Mintpal, the responsible part for inadequately handling the coins they were entrusted with, is the overwhelming winner in this fiasco they allowed to happen. They would be bankrupt by now, without any doubt. Instead, they are still in business -although I hope people will rush out of Dodge on that regard and force them to close shop as of tomorrow- and their negligence hasn't cost them a penny, thanks to the VRC devs. Accountability, unfortunately -along with flagrant fraud and thievery- continues to be dominant in cryptoworld. Even while the good guys, seemingly, have started to arrive. Normal world regulation is so sorely needed... 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. Wow! That's horrible of them! Saving their coin and investor's money! What kind of a world do we live in where people are allowed to make such heinous attacks against the very fabric of cryptocurrencies </sarcasm> |
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Ohhh man... it just occurred to me...  Yes it did created more victims . P.S : I am not English native for haters . But as Media Outlet it's my dutty to spread truth and what is done unfair in this industry . So other then my English problem , even that i speak better then most natives it's the least one . I hope people realise that this is not the right thing to do for a cryptocurrency eco-system . If you want to stop hackers , secure your god damn exchanges and stop trading on shady exchanges like Mintpal . Your english is fine, man. You're communicating, and that's all that's important. Don't let the haters win. |
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Ohhh man... it just occurred to me... |
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Time to stick a fork in this sticky thread. It's done.
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