Except every new major vendor that accepts Bitcoin actually puts downward selling pressure on the price, as they sell received Bitcoin for fiat. Going to take a while before all the big vendors stop doing that. Investors in your average company wouldn't be too happy about them holding company profits in a volatile investment instrument (BTC).

Long term I believe we're going way up. But I also believe it's going to take longer than people think.

Relax guys.

The problem isn't lots of people dumping. The trading volume is small.

The problem is not enough people buying.

The XC platform grows in strength every day, long term XC is a winner.

Upvoted and commented 

I do think some people have very high expectations of the XC team in terms of wanting constant assurance, updates, deadlines, road maps etc. It's literally on every page.

The XC team have proven themselves time and again. Be patient and do your research. If you have a twitchy finger or fancy yourself as a day trader who can make money and you want to sell, then fine. If you want to wait on the sidelines and see what will happen, that's also fine. Ultimately though, the XC platform is just going to go from strength to strength so unless BTC crashes, XC is only going to surge in price in the coming months.

Good idea.

Will email bter now...

What did I tell you guys...

Too bad none of you listened.

All we need is marketing.

We are technically one of the best coins out there. And one with the greatest promise.

There's only so much money in the alt coin community and it just gets shuffled around from coin to coin.

Advertising is in the pipeline I've been told, so for now we just need to be patient and enjoy these low prices whilst they are still available.

+1.

I look forward to the XC team delivering more of these world firsts in the future.

Perhaps you could look at Blackcoin's PoS ver 2.0? It is supposedly an improvement on the security of proof of stake's original design based on Sunny King's work. It's also open source and described in the white paper.

Blackcoin dev rat4 is one of the few solid coin devs around here.

I suspect the theft is larger than Mintpal are letting on. In terms of, other coins were stolen too. But the damage was limited because they were using proper cold storage for the other coins, so they only lost a small percentage of customer funds. If they don't announce it, they won't get a flood of people panicking and taking all their coins off the exchange.

We've all seen what's happened with mtgox. You can't trust these exchanges to tell the truth when it comes to hacks.

It doesn't make sense to me that only Vericoin was stolen. It makes more sense that many coins took a hit, but only Vericoin got hit hard because of no cold storage and everything being in the hot wallet.

That's my opinion anyway, obviously I have no proof so take it how you want.

And that's just on the biggest exchange. Add up how much must be on the other exchanges and I bet it tips it over 50% easily

I would like to know why so many Vericoin were in the hotwallet?

I have always been suspicious that Mintpal was not following cold storage best practices. This unfortunate incident may confirm it.

I've already asked you to explain why that is a problem and I addressed your response as follows:

"And prove to me why it would destroy Mintpal and Vericoin. You cannot. If Vericoin plummets in price, which it would in this scenario, Mintpal can pay back the stolen Vericoin easily. And eventually Vericoin would find a new equilibrium price and recover.

What you do not like is the thief gaining from this and the price of Vericoin suffering."

I consider a discussion finished when the other party is going around in circles. Have a nice day.

It won't even cost Mintpal that much because the price of Vericoin will plummet fast if VRC devs just suck it up and don't do a rollback.

And Vericoin will recover.

Mtgox was hacked in 2011, 8% of all Bitcoin in existence were dumped through the exchange and the price suffered badly. Where is Bitcoin now? It's a very different case, but it's an example of how things recover.

We are not "back" to your original question. Now that I have destroyed every woefully prepared argument you have put my way, which you conveniently ignore, you have fallen back onto something else.

If someone gained 51% of the network hash of the Bitcoin network, they can change the hash mechanism without violating decentralisation or irreversibility. And other such arguments.

And prove to me why it would destroy Mintpal and Vericoin. You cannot. If Vericoin plummets in price, which it would in this scenario, Mintpal can pay back the stolen Vericoin easily. And eventually Vericoin would find a new equilibrium price and recover.

What you do not like is the thief gaining from this and the price of Vericoin suffering.

I'm assuming since you've realised the flaw in your original logic (namely, no hacker would sit around and control the network whilst their coins become worthless), you are now reverting to making nonsensical posts.

I've already explained what I am talking about, very clearly. Of course the hacker will dump his coins on the exchanges. Why is that a problem? Can you explain?

Have you even read the conversation? We are talking about a no fork scenario here.

Listen dumbass. In that situation a hacker isn't going to spend a week fucking around with the network and watching his $2million worth of of Vericoin become worthless as the price bombs on every exchange due to what he is doing. He will sell his Vericoin whilst they are still worth something.

Firstly, it makes no difference just because it's a large number. Decentralisation and irreversibility are the two fundamental underpinning tenets of Bitcoin. I guarantee you, long term, Vericoin price will be hurt more by doing this rollback than just leaving it be. No new future investors will touch a coin that does something like this. Either way the price will be damaged by this, if some of you are naive enough to think a dirty rollback will "fix everything" and the price will carry on as normal, you are going to be in for a shock.

Secondly, there is not much of a difference between doing this once and doing it for every theft. It's a dangerous precedent.