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Question: Where would you prefer the VRC/VRM exchange pair be?
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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1349971 times)
keshuker
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July 16, 2014, 11:45:52 AM
 #10041

It is not like the developer team decided to hardfork the blockchain for personal gain.

Let's imagine a scenario when the developer team or a government did it for personal gain or political reasons. What would be the consequence?

What would you do if you own that coin?

Would the majority refuse to update the wallet?

Would a group of people to come forth and take over the development of the coin?

This is the nature and beauty of decentralised & open source network.

If you try to dictate and insist what a coin should do or not do, isn't that contradicting?

Maybe you should ask the devs how much vrc they hold? You might be surprised Smiley I don't have more facts than pnosker showed some screenshot of his 500k+ wallet some weeks ago.
That might blur how objective they were just a "tad" Wink

This was of course the true reason to do the rollback, not to lose any profits they have made. This is also the reason why most of VRC holders cheer the rollback. Or have you seen anyone not holding vrc, that would defend the rollback?

I had VRC on mintpal, but I would rather have lost my coins, tried to get MP to reimburse me than having a rollback that goes against everything in crypto

Uhm, if vericoin holders didn't like it, you think you'd see a little more volume and panic?

No, I think you're finding aside from the few that are vocally mad, the majority of normal folks will look at this as a huge step forward.

You spam the thread so hard that you dont take time to read.
Quote
Or have you seen anyone not holding vrc, that would defend the rollback?


Yes, you don't have to look back very far. A lot of sensible people agree with the thought, THEFT SHOULD NOT BE REWARDED to anyone in a civilized society.

Ok so it will be easy task for you to link me to some of these neutral non vrc holding ppl that think the rollback was a good idea?

Thank you
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btminer8
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July 16, 2014, 11:47:17 AM
 #10042

It is not like the developer team decided to hardfork the blockchain for personal gain.

Let's imagine a scenario when the developer team or a government did it for personal gain or political reasons. What would be the consequence?

What would you do if you own that coin?

Would the majority refuse to update the wallet?

Would a group of people to come forth and take over the development of the coin?

This is the nature and beauty of decentralised & open source network.

If you try to dictate and insist what a coin should do or not do, isn't that contradicting?

Maybe you should ask the devs how much vrc they hold? You might be surprised Smiley I don't have more facts than pnosker showed some screenshot of his 500k+ wallet some weeks ago.
That might blur how objective they were just a "tad" Wink

This was of course the true reason to do the rollback, not to lose any profits they have made. This is also the reason why most of VRC holders cheer the rollback. Or have you seen anyone not holding vrc, that would defend the rollback?

I had VRC on mintpal, but I would rather have lost my coins, tried to get MP to reimburse me than having a rollback that goes against everything in crypto

Well, they worked hard and they deserve it more than the thief.

There is no new supply being introduced into the blockchain and stolen coins are returned to their rightful owners.

Isn't that enough for you?

If you are so against the fork. Why don't you all fork vericoin github, setup supernodes and runs the original blockchain? So you can preserve your purist ego at the expense of other people.

I bet you don't care. Most of you don't care. Most people here only care about profits and the coin they baghold.
CodeHunter
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July 16, 2014, 11:53:39 AM
 #10043

I bet you don't care. Most of you don't care. Most people here only care about profits and the coin they baghold.

I have to admit, after all the blackcoin bagholders trolling this thread, I now hate blackcoin, which is a coin I didn't care about before. If blackcoin loses more value than it already has, I would be okay with that. Whereas before I would not.

clovis A.
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July 16, 2014, 11:53:46 AM
 #10044

I need some clarification on something please......  In my wallet, I have two addresses total.  The first address (VGiycsx1phY9ekeMNbzCHpY2TtXAzNGd4C) had just over 28k coins in it.  Second address (VRzsNTFi2bitgQ5fu96tB1ihFrfAxtJPox) had only 3.44 coins in it. So, I tried to transfer the 3.44 coins from (VRzsNTFi2bitgQ5fu96tB1ihFrfAxtJPox) to (VGiycsx1phY9ekeMNbzCHpY2TtXAzNGd4C) so all my coins would be under one address.  What happened though is what I don't quite understand.  Fyi, I'm using Chainz to track this. Looks like the 3.44 coins stayed in the same address, but 1096 coins went to (VF9S9seoip7jvZfeDbj5P1kyNAiUG89bvd) which is an address that I don't have in my wallet. My balance, from within the wallet, isn't showing that I'm missing 1096 coins but Chainz is showing them in the new address (VF9S9seoip7jvZfeDbj5P1kyNAiUG89bvd).  Why did this happen and did these 1096 coins just go somewhere they can't be retrieved?  This fork thing has made me want to dig a little deeper into understanding all of this.  Any explanation would be greatly appreciated.

Can anyone provide an explanation for this ^^^

I first posted it yesterday, but didn't get much of an answer




Click "Display coin control features"



Select before the send which coins send from.

So..... where did the 1,096 coins go.  Did I lose them

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Cloud storage is about to change
                          Are you ready?
buy4crypto
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July 16, 2014, 11:56:13 AM
 #10045

For all those thinking this would kill crypto, and vericoin.

I got news for ya, The wallet count is up 10% + since the hack. (meaning people are preferring personal storage over exchanges.

Also, distribution of coins has now started to improve dramaticly.


before hack we had 120,000 coins roughly outside of the top 1,000 wallets.

todays numbers are 316,000 vericoins held outside of the top 1,000 wallets. And mintpal is still getting people funds that they are transfering to wallets, or in some cases to other exchanges to sell.


VeriCoin will be more secure, and will have seperated itself from the pack.

Going forward everyone has the right where to put there money. You have 2 choices now.



1. Invest in ANY other coin on the market that will not change the "law of satoshi" and continue the way things are going.

2. Invest in Vericoin who is trying to bring harmony to centralized / decentralized world.

I am going to take my chances with the coin that is seperating itself toward real world adoption. Not the current trend in crypto which is anon. Which no doubt drives crypto further underground. I chose to be a part of a project to go more mainstream.


Right now the bitcoin + alt market is lets say 8-9 billion okay. It has been as high as a little over 10 billion. This has taken 4 years of satoshi's mindset to gather a networth of 8 billion. With all the benefits we know bitcoin has, how come only this much money has invested in bitcoin? Think about it. WHY is 10 billion a large market? Its not. Now lets compare that to 1 company making electronics. Bitcoin is still 1/50th the size of a single company. Yet we trust bitcoin has the power to change the world. Why has it not yet? WHY, ask yourself that question. A new paradigm is coming. Vericoin will lead crypto currency into the masses with its sensible appeal to real people.

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CodeHunter
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July 16, 2014, 12:00:23 PM
 #10046

For all those thinking this would kill crypto, and vericoin.

I got news for ya, The wallet count is up 10% + since the hack. (meaning people are preferring personal storage over exchanges.

Also, distribution of coins has now started to improve dramaticly.


before hack we had 120,000 coins roughly outside of the top 1,000 wallets.

todays numbers are 316,000 vericoins held outside of the top 1,000 wallets. And mintpal is still getting people funds that they are transfering to wallets, or in some cases to other exchanges to sell.


Vericoin investors have become the most paranoid of the bunch. And because of that, no other alt coin is as safely away from these exchanges, and therefore as decentralized in containment.

Because of this incident, Vericoin has become stronger than ever. The typical ironies of the crypto world.

Reavon
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July 16, 2014, 12:06:08 PM
 #10047

Vericoin will be the best  known alt coin after litecoin.  Free publicity is always good Wink
buy4crypto
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July 16, 2014, 12:09:31 PM
 #10048

Vericoin will be the best  known alt coin after litecoin.  Free publicity is always good Wink

Indeed, and to top it off, its a better way of doing thing, People who pick up a newspaper, or read a financial blog are going to hear how the first time in history crypto technology provided a way to prevent theft and return money.

What I don't understand is where is the anger toward the hacker? Why is nobody as outraged as I am that it seems nobody is going to attempt to find this guy?

It would be a great idea if mintpal hired a team to investigate this with every resource they have. They owe the crypto community to cause trouble for this hacker, and subsequent hacker attempts. If this entity, that tried to steal money goes unpunished, it will encourage future thieves from trying the same thing against other coins, on other exchanges.

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souljah1h
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July 16, 2014, 12:25:03 PM
 #10049

<@MintPal-Jason> We're working on a few things internally before we look to re-add VRC. No ETA yet

_@/'
Reavon
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July 16, 2014, 12:28:49 PM
 #10050

Vericoin will be the best  known alt coin after litecoin.  Free publicity is always good Wink

Indeed, and to top it off, its a better way of doing thing, People who pick up a newspaper, or read a financial blog are going to hear how the first time in history crypto technology provided a way to prevent theft and return money.

What I don't understand is where is the anger toward the hacker? Why is nobody as outraged as I am that it seems nobody is going to attempt to find this guy?

It would be a great idea if mintpal hired a team to investigate this with every resource they have. They owe the crypto community to cause trouble for this hacker, and subsequent hacker attempts. If this entity, that tried to steal money goes unpunished, it will encourage future thieves from trying the same thing against other coins, on other exchanges.

I agree this is the biggest theft after gox.  This can't be ignored.
The is evolution of crypto ist like the evolution of fiat but on steroids and at this moment we surpassed with vericoin the wildwest where  time of Bankrobber was and will lead the world into the new golden 20s Smiley
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July 16, 2014, 12:41:41 PM
 #10051

A detail that few have discussed is the fact that the hackers didn't even try to make money out of the stolen coins. They targeted solely Vericoin @ MP and they were clearly trying to destroy the coin.

Why and when did Vericoin become target of the crypto-criminals?

Why so many crypto-angered-fanatics are coming here to bash the devs who took a stance in favor of the people?

I guess Vericoin's success has angered these people and the more they attack the coin, the stronger it becomes. They had a great shot at MP but, you know what, it was simply not enough.
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July 16, 2014, 01:01:09 PM
 #10052

It is not like the developer team decided to hardfork the blockchain for personal gain.

Let's imagine a scenario when the developer team or a government did it for personal gain or political reasons. What would be the consequence?

What would you do if you own that coin?

Would the majority refuse to update the wallet?

Would a group of people to come forth and take over the development of the coin?

This is the nature and beauty of decentralised & open source network.

If you try to dictate and insist what a coin should do or not do, isn't that contradicting?

Maybe you should ask the devs how much vrc they hold? You might be surprised Smiley I don't have more facts than pnosker showed some screenshot of his 500k+ wallet some weeks ago.
That might blur how objective they were just a "tad" Wink

This was of course the true reason to do the rollback, not to lose any profits they have made. This is also the reason why most of VRC holders cheer the rollback. Or have you seen anyone not holding vrc, that would defend the rollback?

I had VRC on mintpal, but I would rather have lost my coins, tried to get MP to reimburse me than having a rollback that goes against everything in crypto

Uhm, if vericoin holders didn't like it, you think you'd see a little more volume and panic?

No, I think you're finding aside from the few that are vocally mad, the majority of normal folks will look at this as a huge step forward.

You spam the thread so hard that you dont take time to read.
Quote
Or have you seen anyone not holding vrc, that would defend the rollback?


Yes, you don't have to look back very far. A lot of sensible people agree with the thought, THEFT SHOULD NOT BE REWARDED to anyone in a civilized society.

Ok so it will be easy task for you to link me to some of these neutral non vrc holding ppl that think the rollback was a good idea?

Thank you

I had VRC on mintpal, but I would rather have lost my coins  Really Huh

Yes let's lose all our coins. Whatever you are holding now, let's see how you feel when it is your ass that is hanging out in the wind. Give me a break ! A crime was committed you would rather let someone get away with all your earning & hard work. Not just only you by the way, all other investors will be screwed too. Not to mention a Major exchange would tank too.

I don't know what fantasy world you live in, this won't happen. How much are you willing to lose in the name of this belief ? 1 coin, 1000, 10000 ?  

it is so easy to judge someone who acted to protect his property.  Does a man not have the right to protect himself ?  Whomever stole these coins, did not do this for profit. this was sabotage. aka dirty tactic to cripple a promising coin.

I agree with you, Mintpal and all other exchanges need to be more transparent. They have been less coming with info on what they will do to prevent this.

if crypto is to move into mainstream, there will have to be security measures in place. Exchanges need to provide proof that cold storage is in place. Set a % on how many coins they all can hold at any given point.  

The real lesson to learn from this. Do not leave your coins overnight on ANY exchanges.. period.


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July 16, 2014, 01:06:41 PM
 #10053

I had VRC on mintpal, but I would rather have lost 8 MILLION, FAILED to get MP to reimburse me than having a rollback that goes against everything in crypto

 Grin Roll Eyes


Don't mind him, look at his sig, he's one of those blackcoin aspies.

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July 16, 2014, 01:12:27 PM
 #10054

I had VRC on mintpal, but I would rather have lost 8 MILLION, FAILED to get MP to reimburse me than having a rollback that goes against everything in crypto

 Grin Roll Eyes
lol
keshuker
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July 16, 2014, 01:14:01 PM
 #10055

It is not like the developer team decided to hardfork the blockchain for personal gain.

Let's imagine a scenario when the developer team or a government did it for personal gain or political reasons. What would be the consequence?

What would you do if you own that coin?

Would the majority refuse to update the wallet?

Would a group of people to come forth and take over the development of the coin?

This is the nature and beauty of decentralised & open source network.

If you try to dictate and insist what a coin should do or not do, isn't that contradicting?

Maybe you should ask the devs how much vrc they hold? You might be surprised Smiley I don't have more facts than pnosker showed some screenshot of his 500k+ wallet some weeks ago.
That might blur how objective they were just a "tad" Wink

This was of course the true reason to do the rollback, not to lose any profits they have made. This is also the reason why most of VRC holders cheer the rollback. Or have you seen anyone not holding vrc, that would defend the rollback?

I had VRC on mintpal, but I would rather have lost my coins, tried to get MP to reimburse me than having a rollback that goes against everything in crypto

Uhm, if vericoin holders didn't like it, you think you'd see a little more volume and panic?

No, I think you're finding aside from the few that are vocally mad, the majority of normal folks will look at this as a huge step forward.

You spam the thread so hard that you dont take time to read.
Quote
Or have you seen anyone not holding vrc, that would defend the rollback?


Yes, you don't have to look back very far. A lot of sensible people agree with the thought, THEFT SHOULD NOT BE REWARDED to anyone in a civilized society.

Ok so it will be easy task for you to link me to some of these neutral non vrc holding ppl that think the rollback was a good idea?

Thank you

I had VRC on mintpal, but I would rather have lost my coins  Really Huh

Yes let's lose all our coins. Whatever you are holding now, let's see how you feel when it is your ass that is hanging out in the wind. Give me a break ! A crime was committed you would rather let someone get away with all your earning & hard work. Not just only you by the way, all other investors will be screwed too. Not to mention a Major exchange would tank too.

I don't know what fantasy world you live in, this won't happen. How much are you willing to lose in the name of this belief ? 1 coin, 1000, 10000 ?  

it is so easy to judge someone who acted to protect his property.  Does a man not have the right to protect himself ?  Whomever stole these coins, did not do this for profit. this was sabotage. aka dirty tactic to cripple a promising coin.

I agree with you, Mintpal and all other exchanges need to be more transparent. They have been less coming with info on what they will do to prevent this.

if crypto is to move into mainstream, there will have to be security measures in place. Exchanges need to provide proof that cold storage is in place. Set a % on how many coins they all can hold at any given point.  

The real lesson to learn from this. Do not leave your coins overnight on ANY exchanges.. period.




I had only some 3200 VRC on MP so I can understand that the greed would probably blind me too if I had, lets say 500k.

keshuker
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July 16, 2014, 01:14:54 PM
 #10056

I had VRC on mintpal, but I would rather have lost 8 MILLION, FAILED to get MP to reimburse me than having a rollback that goes against everything in crypto

 Grin Roll Eyes


Don't mind him, look at his sig, he's one of those blackcoin aspies.



So I was not allowed to own VRC too? Or have an opinion?
buy4crypto
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July 16, 2014, 01:19:01 PM
 #10057

I had VRC on mintpal, but I would rather have lost 8 MILLION, FAILED to get MP to reimburse me than having a rollback that goes against everything in crypto

 Grin Roll Eyes


Don't mind him, look at his sig, he's one of those blackcoin aspies.



So I was not allowed to own VRC too? Or have an opinion?

Your opinion has worked out well for bitcoin so far. 8 billion dolllar market cap in 4 years. With how potent this technology is, it could be in the TRILLIONS by now if civilized people would accept it.

The fact of the matter is theft is uncivilized. Theft is what took bitcoin off most civilized peoples investment radar. In the coming months and years more civilized investors will come to a choice. Do I invest in Bitcoin / every other crypto and (allow theft) Or do I invest in vericoin (protects theft) You tell me what civilized people would say.


This simple differentiating factor will be what brings VeriCoin to the top of the "alt" scene, and then past BITCOIN in my opinion. Because lets face it, those people championing bitcoin, are not the same people who have the ability to bring the technology mainstream.

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July 16, 2014, 01:20:46 PM
 #10058

Why does it say not staking because you don't have mature coins?


when I have spendable coins in my wallet
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July 16, 2014, 01:21:10 PM
 #10059

The devs on the hangout couldn't have explained it better.

VRC will come out of this a lot stronger then it was before.

Basically there was one vulnerability in vrc that had nothing to do with vrc and it hit.  Not due to vrc itself but solely to do with a 3rd party and bad habits of crypto users and how they store coins.

Again, going forward, vrc will come out stronger with greater support from people who hadn't previously heard of vrc and never would have.  In a seedy crypto world vrc is probably the one success story for the small investors that have been constantly beaten up over and over.

This hack was probably one of the best things to happen to vrc and at a perfect time. Had this happened when vrc was more mature it would have been a lot more damaging. The few bad habits of the crypto community and exchanges will be a lot better in the future and we already are seeing that with the amount of coins staking!  I also highly doubt mintpal will ever keep a irresponsible amount of coins in any hot wallet again.  Better yet in regards to vrc, with the amount of coins staking in personal wallets, the community is saying we will not give an exchange the chance to.

https://www.bitcoinlanding.com - Twitter - https://twitter.com/Bitcoinlanding - Bitcoin News, Video and more!
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July 16, 2014, 01:22:15 PM
 #10060

I had VRC on mintpal, but I would rather have lost 8 MILLION, FAILED to get MP to reimburse me than having a rollback that goes against everything in crypto

 Grin Roll Eyes


Don't mind him, look at his sig, he's one of those blackcoin aspies.



So I was not allowed to own VRC too? Or have an opinion?

Your opinion has worked out well for bitcoin so far. 8 billion dolllar market cap in 4 years. With how potent this technology is, it could be in the TRILLIONS by now if civilized people would accept it.

The fact of the matter is theft is uncivilized. Theft is what took bitcoin off most civilized peoples investment radar. In the coming months and years more civilized investors will come to a choice. Do I invest in Bitcoin / every other crypto and (allow theft) Or do I invest in vericoin (protects theft)

This simple differentiating factor will be what brings VeriCoin to the top of the "alt" scene, and then past BITCOIN in my opinion. Because lets face it, those people championing bitcoin, are not the same people who have the ability to bring this mainstream.

You tell me what civilized people would say.

So are you saying that VRC will protect me again from theft and rollback the blockchain if needed?
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