This is not even an option. Blame Mintpal not Vericoin. Rollback is a must. If Vericoin doesn't rollback then it will be worth NOTHING. The coin will be DEAD. There is a reason why Bitcoin transactions aren't arbitrarily reversed after thefts. There shouldn't be a rollback. A hardfork to undo this is worse than the thief dumping the coins. Mintpal are just trying to erase their losses here. Apples & oranges @ no time was almost 30% of ALL BTC stolen. 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. |
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Did you guys see Mintpal was hacked for VRC? All the more reason to keep your coins off exchange  when ? Yeah, also they only attacked vrc balances? Probably rather stupidly I have my XC spread over several exchanges....but the windows walletr is fine and working isn't it? Can I download from official XC website? Is there a step by step guide for dumb people like me  Same here, I've had all my XC on Mintpal for the past couple months... time to get it outta there. I would get it out right now if I was you. For all we know, the Vericoin hacker is trying to target other hot wallets. Even if Mintpal patched the original security hole, doesn't mean there aren't more holes a pro hacker can't find. Additionally, the less XC there is on Mintpal, the less damage it will do to XC if a hacker gets all of the XC on there. I would rather they get 5% of all XC than 35% of all XC. |
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This is not even an option. Blame Mintpal not Vericoin. Rollback is a must. If Vericoin doesn't rollback then it will be worth NOTHING. The coin will be DEAD. There is a reason why Bitcoin transactions aren't arbitrarily reversed after thefts. There shouldn't be a rollback. A hardfork to undo this is worse than the thief dumping the coins. Mintpal are just trying to erase their losses here. |
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No, its why exchanges need to be held to a higher standard, a& be registered, so they are by law bound to 3rd party auditing. This is why I trade sizable qty only on cryptsy. Any centralised exchange can be hacked. Decentralized exchanges like bithalo which are trustless by design, are safer by definition. They are the future. |
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Woah, saw the big drop on bitcoinwisdom charts and loaded up Mintpal to buy up cheap. It's delisted! Come here to see if fundamentals brought it down, seems all hell is breaking loose.   I normally hate FUDders. But this was a pretty funny one I have to admit. |
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1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork.
This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. Proves that VRC is completely centralized crypto. Proves you are a troll. IT WAS AN EXCAHNGE ISSUE, Such a troll, BC will have the same issue, as it did in the past. Did the other communities help you or troll you like you do? So awesome of you, such a COMMUNITY oriented person For the good of crypto you do everything right? What a Joke. BC never hard forked to arbitrarily undo a "dirty" transaction. The stolen BC were gone. Big difference. |
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IMHO: Don't make things too complicated.
New users will not understand what "XCend" means.. "Enable Private Transaction" makes much more sense as EVERYONE will know what it means...
Yes I totally agree, orginally were going to go with enable privacy mode but that seemed more confusing as new features are added. So I suggested enable privacy transaction and we discussed it. However, we are open to ideas. Not to rock the boat but I like the "XCend" idea. Not necessarily the name "XCend", but the fact we have a branded name for that function (think Darkcoin with Darksend!). Perhaps on the UI itself have "Enable Private Transaction (XCend)" next to the checkbox, so it's clear and intuitive what the function does to someone who doesn't even know what XCend is. Just my 0.2 XC. |
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[perception that we don't emphasise marketing]
Yes we have a marketing strategy. Of course we do. I mean, just this week we launched a website, rebranded Twitter, launched a Facebook page, recruited a digital and social marketing guy from Microsoft and Adidas... I mean, do you expect more? Don't worry about it. Trust me when I say that the public will hear about XC. I am aware of those, I was referring to advertising in the sense of paying money and getting exposure for XC That too is on the cards. However the general public is not ready for XC. A beta client without a slick UI that you can't buy XC with in two clicks isn't mainstream-ready. We'll start paying for advertising around Rev 3, and it'll just keep ramping up as XC's capabilities grow. Sweet. There is going to be so many people kicking themselves for not buying XC at this price range (or not buying more). Short term, any kind of fluctuations can happen. But a simple "Buy and hold" strategy here is going to pay massive dividends in the medium/long term range. Btw, is practico still paying for the rev 2 press release? I vaguely remember reading something about it a while back, perhaps it was for rev 2.5. |
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[perception that we don't emphasise marketing]
Yes we have a marketing strategy. Of course we do. I mean, just this week we launched a website, rebranded Twitter, launched a Facebook page, recruited a digital and social marketing guy from Microsoft and Adidas... I mean, do you expect more? Don't worry about it. Trust me when I say that the public will hear about XC. I am aware of those, I was referring to advertising in the sense of paying money and getting exposure for XC |
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"XC releases revolutionary secured privacy technology... price falls."
"VRC releases veribit feature to dump VRC for BTC... price rises."
Needless to say, the world is full of idiots. But idiots can only suppress true innovation in the short-term. Soon, global attention and crowdfunding will come pouring into XC. And it will no longer be ignored or suppressed by shitcoins & idiots.
I already told this: XC only lives in this thread. To bring here global attention its needed to invest in PR campaign globally  . Large investors don't mind about XC, whales took profits and got out on vacation, summer is in full swing, look at polo volume, as example; everyone bought enough when XC was in solid 100k accumulation stage, and now just dumping to turn some in fiat for holiday at the seaside. I agree. Advertising is key. I just posted this to synec a couple of pages back: "The development is going from strength to strength at astonishing speed. Countless encouraging announcements and things to look forward to in the future (exceeding my expectations greatly). And you of course, do a great job eloquently explaining XC to the masses. However, the one thing I would like to see more focus on is advertising. If you have something great, advertising works. IMO we shouldn't just hope to "go viral". I believe Practico donated towards a press release and there have been other donations collected. Do we have a strategy in place for marketing and what time line will that be adhering to? If not, I think it's as important as the technical developments that we work on a robust marketing strategy." I honestly think we should make marketing as equally as important as development. That's not meant as a criticism of what's being done so far, everything is amazing. But I think without marketing, it's like trying to bake a cake without all the necessary ingredients. We'll make nice progress just on sheer technical developments alone, but we can magnify that times 10 if we promote it correctly. |
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All i'm gonna say is if a completed version of REV2 in not released this weekend then expect everyone to start dumping.
Really? every single holder is w8ing like VULTURES to get their hands on frustrated 5 year olds' dumped coins. Please, PLZ do dump. Dump in the thousands if you can. I will go convert freaking FIAT to purchase your dump. I can see XC easily going under 90k again. It can be wiser to dump now and rebuy sub 90k. People are losing patience, they've been holding for 1.5 months, some bought in for 300k sat. Losing patience for what though? XC has delivered trustless decentralised mixing. I mean, what more could you possibly want? I'm also unaware of anything that could've led people to believe that some sort of Rev 2 milestone was happening this weekend. Where are you getting your expectations from? To my mind the price will just continue to raise its floor gradually until Rev 2.5. All's well in XC land, and is just getting better. The development is going from strength to strength at astonishing speed. Countless encouraging announcements and things to look forward to in the future (exceeding my expectations greatly). And you of course, do a great job eloquently explaining XC to the masses. However, the one thing I would like to see more focus on is advertising. If you have something great, advertising works. IMO we shouldn't just hope to "go viral". I believe Practico donated towards a press release and there have been other donations collected. Do we have a strategy in place for marketing and what time line will that be adhering to? If not, I think it's as important as the technical developments that we work on a robust marketing strategy. |
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dont know i know theyre IRC and BTCtalk but i have followed this whole way and they are very interactive and have turned out a quality product so far.
' Wow, you don't know the Dev team? Sounds like you made some money on it, but that's not very sound investing from my research of Alt currency. I just looked and no one knows who they are... maybe you should sell. First dont need trading advice from you, 2nd they have their reasons theyre making a more darknet blackmarket geared coin which is why i understand they want to remain hidden, they are very professional video logging coding sessions etc.. just want to know what the fuck is the deal if there is a flaw in the POS... they could just be bullshitting i am following it close..but what if Anything is possible and I am more than confident if there is an issue our MORE than competent development team will be able to implement a fix. Remember, XCurrency is just about PoS, there is SOOOOO much more. If Cloak team does have a fix for this supposedly PoS "vunerability" and they hide it from everyone while they go fix it themselves and then expose it so everyone else suffers? I think that exposes the Cloak dev team's morality more than anything PoS vunerability can possibly expose and you should really be worried. The Cloak team have probably just copied the PoS 2.0 from Blackcoin's recent whitepaper. PoS 2.0 for Blackcoin is supposedly much more secure. BC PoS 2.0 is open source. I know. I read the white paper. Bear in mind I am not well read on these Cloak claim so perhaps I am missing something. But since PoS 2.0 fixes security issues, it seems a coincidence a very short time afterwards Cloak is talking about PoS flaw (probably the flaw hinted at in the BC whitepaper?) |
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I believe the key thing we need to do side by side these amazing announcements and developments is advertising. It will magnify our results times 5. If you have something good, advertising works. It just costs money.
We should target adverts at people interested in Bitcoin e.g. the Bitcoin subreddit, facebook pages. They already know about crypto and the amazing gains people made from buying in v cheap. It's less of a sell.
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dont know i know theyre IRC and BTCtalk but i have followed this whole way and they are very interactive and have turned out a quality product so far.
' Wow, you don't know the Dev team? Sounds like you made some money on it, but that's not very sound investing from my research of Alt currency. I just looked and no one knows who they are... maybe you should sell. First dont need trading advice from you, 2nd they have their reasons theyre making a more darknet blackmarket geared coin which is why i understand they want to remain hidden, they are very professional video logging coding sessions etc.. just want to know what the fuck is the deal if there is a flaw in the POS... they could just be bullshitting i am following it close..but what if Anything is possible and I am more than confident if there is an issue our MORE than competent development team will be able to implement a fix. Remember, XCurrency is just about PoS, there is SOOOOO much more. If Cloak team does have a fix for this supposedly PoS "vunerability" and they hide it from everyone while they go fix it themselves and then expose it so everyone else suffers? I think that exposes the Cloak dev team's morality more than anything PoS vunerability can possibly expose and you should really be worried. The Cloak team have probably just copied the PoS 2.0 from Blackcoin's recent whitepaper. PoS 2.0 for Blackcoin is supposedly much more secure. |
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Price swings always brings the trolls posts.
When the price rises it's jealously or fear from competing coins. When the price falls it's from people who have sold who hope their trolls will lower the price further.
Fact is, anyone can do their research and the XC platform is looking v solid.
I would rather things were done at a slower pace, with TESTING, than botched releases put out there.
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Hi all The advent of trustless mixing in Rev 2 is, of course, a major landmark in the history of cryptocurrency. But we have another surprise for you today. You'll be very happy to know that secure private messaging has in fact been completed for some time, and around the end of this week we will invite the community to begin testing it! Secure private messaging represents the beginnings of Bitcoin 2.0 technology, as it extends its functionality beyond that of merely processing payments. When the foundation of XC's architecture - the Rev 1 Xnode - was being built, it was necessary for its broadcasting system to be encrypted to prevent snooping on transactions. And since an encrypted communication system is at the heart of an xnode, it's straightforward enough to exapt it for users to communicate. This, in brief, is how secure private messaging works in XC. Secure private messaging is not Rev 2. The test build we will release does not have trustless mixing in it. (After all, when you're testing for something, it makes little sense to combine a second unknown into the equation.) The two will be merged when testing on both is complete. Secure private messaging will not affect our schedule to bring Rev 2 onto the mainnet, as it's completed already. We need a testing team. If you'd like to try out XC's very, very private messaging, download it around the end of the week and give it a shot. We can't wait to give you a chance to play around with it. Lastly, as a little surprise, we’re proud to unveil XC’s promotional video! https://www.youtube.com/watch?v=00WyuTm5jvQ&feature=youtu.be This is the best crypto video I have ever seen. |
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There's been less FUD this time around with this upswing. I think that joint statement from the XC and DRK devs calmed things down a lot. I checked the DRK topic a couple of times and I haven't seen anything out of line in there either.
That said I've barely been reading here the last few days, so I could easily have missed a FUD war lol
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Hi all
Just to let you know that pratico has now sent me his first $500 donation for the paid Rev 2 press release!
You can confirm the payment here: 19G6JSgvGDHeeRwJDuZhpeXUMMiQP2X3oc
I then exchanged it for USD and sent it to the MasterCard that will pay for the release. The transfer fee was 3% and so the resulting amount in USD is $486.87.
I'll use driv3n's $100 donation to cover the outstanding amount (which is what I did for the previous press release). Thanks again Driv3n!
An enormous thanks to pratico for such a substantial contribution toward sending XC moonward.
Hurrah!
Remember that if the community donates a total of $500 for a paid release for Rev 2.5, then pratico will donate ANOTHER $500! We're not too far off the target. By all means, donate $20, or whatever you see fit, and let's put XC into the mainstream. Here's the idea: - buy XC
- have some money left over to donate to XC's PR
- watch the donation make your trade go to the moon
XC: XULwYMBDXEfkQAmD8N9Hb95kGkCnKrRSQx BTC: 1HCCyPaEdoiPgJuUSXEZgYuQRVQeeNNShZ Great news! |
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I couldn't care less what the dev does with the pre-mine so long as the project delivers, which it has been doing.
I highly doubt a programmer of Dan's caliber and real world experience would be working his ass off for this coin if there wasn't a pre-mine.
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Ok, im srsly just asking this right here right now in the open:
-1)sell all vootcoin
2)purchase XC all in
3)Monday
4)profit?
-Sell half voot for XC
-Or w8 for vootcoin to enter mintpal, sell, then purchase XC
I have already made good voot profit(I actually like the coin a lot), but XC is all that matters right now. TBH, the question is more like whether mintpal is going to add VOOT before REV2 is released in Monday. Thats the problem.
The question is, which price will change more (%) in the next 1-3 days. My bet would be XC. yeah yeah thats my thought exactly I just got to the bottom of this: if rev2 is released before mintpal adds voots XC is gonna skyrocket for sure, then its going to be diff to buy XC with my profit anyway. But if mintpal adds voot, its going to skyrocket more than pre-rev2 XC accumulation. I have made a very, very good trading week, and I want max profit. This very decision could mean I either purchase(or lose) perhaps double the XC profit. Its a win/ win senario, albeit the win one is like a big fat golden piggy. I've noticed that even good coins don't always skyrocket when they hit Mintpal now. In fact it seems like the more people expect a new listed coin on Mintpal to skyrocket, it doesn't because it's already been priced in (e.g. Monero). |
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