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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1346479 times)
CryptoLTD
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July 16, 2014, 05:01:00 PM
 #10141

People are getting caught up, Is it Mintpal's fault, Is it vericoin's Fault. Has anyone with common sense aside from me thought. Hey its the HACKERS fault?


If we hope to take this mainstream, here is mainstream rational. Goes something like this. In the real world. A bank leaves its doors open to the public like an exchange.



A robber in the case of the bank, or hacker in case of an exchange, penetrates security, with a gun, or in the case of mintpals claim, a SQL injection. As the thief is getting the money the bank is able to sound the alarm to its security team. As the criminal is loading up his money and about to leave with everything security arrives and detains the man (VeriCoin) Now, regardless of your personal beleif. What would society expect to have done? A sensable approach taken by society is to punish the criminal, and return the money to the bank and all of its holders. And at the end of the day (that was for you Doug), who would you say is to blame for this incident?


A. It is the banks fault? for leaving its doors open to the public? (Mintpal)

B. Is it securities fault for detaining the criminal? (vericoin)

C. Is it the criminals fault? For commiting the crime?


The easy answer is C. But when it comes to crypto. We are debating between A and B, so far, the hacker has had no debate about how we can better catch these criminals. Its something to think about. If crypto is to go mainstream, we have to THINK mainstream.

Thats because the people who are used to manipulating, scamming & conning people in the 'crypto wild wild west' as they SO often like to say, LOSE their centralized power when something is done about a massive criminal act that had the potential to only be beneficial to the thiefs . They get scared, because their 'master plans' and schemes may not work any more.. or are at risk. Then they try to toss fear with lines like ' This is not the satoshi way' like he , was some sort of rule creator, and we must do exactly what he thought & envisioned to every letter. It's about time ethics are brought into crypto. The worst excuse I have ever seen is all the wild wild west comments. People like that , that live that mindset only have one thing in mind. Lets not put BTC on some pedestal that so many put it on, it was the 1st, thats why its fiat value is so high, it has major issues & limitations that are fairly obvious to many.
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buy4crypto
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July 16, 2014, 05:01:33 PM
 #10142

So,

What will make vericoin succeed once the initial excitement and pumping stops, what makes it worth holding given that it is purely a PoS coin - and is far less established/available/accessible than many other longer and older coins that are finding it hard currently

The ability to see a better way forward. As you see, they are not afraid to make a bold stance for what is right.

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buy4crypto
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July 16, 2014, 05:03:06 PM
 #10143

People are getting caught up, Is it Mintpal's fault, Is it vericoin's Fault. Has anyone with common sense aside from me thought. Hey its the HACKERS fault?


If we hope to take this mainstream, here is mainstream rational. Goes something like this. In the real world. A bank leaves its doors open to the public like an exchange.



A robber in the case of the bank, or hacker in case of an exchange, penetrates security, with a gun, or in the case of mintpals claim, a SQL injection. As the thief is getting the money the bank is able to sound the alarm to its security team. As the criminal is loading up his money and about to leave with everything security arrives and detains the man (VeriCoin) Now, regardless of your personal beleif. What would society expect to have done? A sensable approach taken by society is to punish the criminal, and return the money to the bank and all of its holders. And at the end of the day (that was for you Doug), who would you say is to blame for this incident?


A. It is the banks fault? for leaving its doors open to the public? (Mintpal)

B. Is it securities fault for detaining the criminal? (vericoin)

C. Is it the criminals fault? For commiting the crime?


The easy answer is C. But when it comes to crypto. We are debating between A and B, so far, the hacker has had no debate about how we can better catch these criminals. Its something to think about. If crypto is to go mainstream, we have to THINK mainstream.

Thats because the people who are used to manipulating, scamming & conning people in the 'crypto wild wild west' as they SO often like to say, LOSE their centralized power when something is done about a massive criminal act that had the potential to only be beneficial to the thiefs . They get scared, because their 'master plans' and schemes may not work any more.. or are at risk. Then they try to toss fear with lines like ' This is not the satoshi way' like he , was some sort of rule creator, and we must do exactly what he thought & envisioned to every letter. It's about time ethics are brought into crypto. The worst excuse I have ever seen is all the wild wild west comments. People like that , that live that mindset only have one thing in mind. Lets not put BTC on some pedestal that so many put it on, it was the 1st, thats why its fiat value is so high, it has major issues & limitations that are fairly obvious to many.

+1
Well said. BTC will be replaced as the leader sooner than I had expected a week ago. I am more confident than ever. If not VeriCoin, someone else who is willing to walk in these exact same shoes. Been a long time coming.

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July 16, 2014, 05:06:54 PM
 #10144

So,

What will make vericoin succeed once the initial excitement and pumping stops, what makes it worth holding given that it is purely a PoS coin - and is far less established/available/accessible than many other longer and older coins that are finding it hard currently

One simple reason, a user interface I could get my mother to use, no exchanges no intermediaries.

Listen to this and think about what they have coming in the next two weeks.

https://soundcloud.com/madmoneymachine/mmm-s02e07/#t=14:41
buy4crypto
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July 16, 2014, 05:18:08 PM
 #10145


+1
Well said. BTC will be replaced as the leader sooner than I had expected a week ago. I am more confident than ever. If not VeriCoin, someone else who is willing to walk in these exact same shoes. Been a long time coming.


Such classic posts as these must be quote/saved, let's revisit this in a few months and see how much BTC has died.




I say replaced as the number 1, Bitcoin will always be around, I think it will be #1 for a long time. Kind of like AOL.

When the internet first came around my first big investment was AOL. Learned a lot following that investment, and it relates well to today. AOL is still around, but it failed to follow trends and innovate quick enough, leaving it behind. It eventually re-invented itself. The biggest company in the world re-invented itself.

In time, a crypto currency will break the mold and become more senseable for everyday people to use. This might be that time.

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July 16, 2014, 05:31:30 PM
 #10146

Every time I try to open the vericoin wallet, it gets stuck importing bootstrap block change datafile. What do I do to fix it ?
buy4crypto
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July 16, 2014, 05:36:45 PM
 #10147

Every time I try to open the vericoin wallet, it gets stuck importing bootstrap block change datafile. What do I do to fix it ?

Mac or windows? linux?

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July 16, 2014, 05:38:21 PM
 #10148

Sorry windows
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July 16, 2014, 05:41:50 PM
 #10149

Sorry windows

If you haven't you need to backup your wallet.dat file in a few locations that are safe.

Once you have wallet.dat safely secured off your PC, you delete all your other vericoin files and re-install.

If you are on the correct fork it will be 1.3.3

There is a step by step guide I am trying to find, it was posted some pages back by the dev's.

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Juston Point
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July 16, 2014, 05:46:52 PM
 #10150

Sorry windows

If you haven't you need to backup your wallet.dat file in a few locations that are safe.

Once you have wallet.dat safely secured off your PC, you delete all your other vericoin files and re-install.

If you are on the correct fork it will be 1.3.3

There is a step by step guide I am trying to find, it was posted some pages back by the dev's.

I never had it on this laptop beforehand so I have nothing to delete..
buy4crypto
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July 16, 2014, 05:48:07 PM
 #10151

Sorry windows

If you haven't you need to backup your wallet.dat file in a few locations that are safe.

Once you have wallet.dat safely secured off your PC, you delete all your other vericoin files and re-install.

If you are on the correct fork it will be 1.3.3

There is a step by step guide I am trying to find, it was posted some pages back by the dev's.

I never had it on this laptop beforehand so I have nothing to delete..

Ah, your stuck on bootstrap, okay I should have clarified this before, I got ahead of myself.

You just need to wait up to about 1 hour for the bootstrap file sometimes to finish.

You can also uncheck the bootstrap when you are initially downloading for windows I believe, and it will load up faster, that's what I have done in the past.


Let me know if this works for you. No rush, I know it may take a hour.

If you need help with anything else, It looks like you may be new to forum, don't hesitate to send me a PM if you can use assistance with anything.

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buy4crypto
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July 16, 2014, 06:00:42 PM
 #10152

Whats neat is, you already have a fiat conversion in wallet that people don't realize.

If you have a coinbase account or any other BTC-FIAT trading accounts.


VRC storage to BTC coinbase account -> withdraw = never having to use an exchange again. Its limited to 1 btc at a time for now, but it still has uses for a lot of people.

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July 16, 2014, 06:05:06 PM
 #10153

...
+1
Well said. BTC will be replaced as the leader sooner than I had expected a week ago. I am more confident than ever. If not VeriCoin, someone else who is willing to walk in these exact same shoes. Been a long time coming.
need to mark that one.

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July 16, 2014, 06:05:43 PM
 #10154

This should not need clarification, but the BC posters here -and a couple others- keep on spinning. And blatantly lying. So here we go:

A per Patrick and Douglas, there will not be any more roll backs.

This is clear and rotund enough, isn't it? But what happens when "this" (the theft), happens again... and it WILL happen again? the same "concerned" individuals shout again and again...

The clear, repeated answer, is that we all hope it will NOT happen again and since, until now, no one has ever stolen 30% of one coin, and since measures have been taken by the VRC community (staking) and -hopefully- the exchanges themselves, a repeated situation is highly unlikely if not impossible to happen. Furthermore, as VRC grows and new investors come in, such a situation, again, is virtually impossible. As we stand today it IS actually impossible. That answers ALL the possible questions... if they are legitimate, that is -which we know, they aren't-.

All that said and was said repeatedly -not as repeatedly as "At the end of the day", mind you, nothing came close to that one-, IF a situation such as this, in which 30% of the coins were stolen again and it was as easy and simple to reverse the situation as it was in this instance, I sincerely hope -and I am convinced too- the exact same measures will be taken. Not just by VRC but also by any other crypto coin... (this is important:) by any other crypto coin that has non-anonymous developers, those who, by doing ANYTHING ELSE, would not only lose everything they have in the attacked coin but also would permanently bar themselves from crypto. Such actions would sen a very clear signal to the crooks out there. They will be getting the picture. It's long time due to eliminate the bad players. Just like it was long time due, when this team came out, to eliminate the anonymous developers from crypto. The bar was raised then. The bar has been raised again. And it comes with RESPONSIBILITY and at least a semblance of ACCOUNTABILITY. Until REGULATION comes, it is up to the crypto community to eliminate the bad players, condemn them to ostracism and march forward towards a much more secure, clean and easy to be accepted in the mainstream crypto world.

As for the BC jokers, sorry but I have been saying for a while that you lived by the sword (The Black Hand) and you would die by the sword: There's no more blood to be sucked from you by the Black Hand, so they have moved, here and to DRK, where there is "blood" aplenty. You are left with a gorgeous logo and a bunch of fan boys now beginning to realize that the gig is almost over. It is the chronicle of an inevitable death long foretold. It was a very easy to see scam. And scams, and theft, should not prosper anymore in crypto.

The bar has been, again, raised.
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July 16, 2014, 06:06:22 PM
 #10155

i have problems with installing vericoin wallet in 32bit ubuntu linux 14.04. can someone help me and post here what dependices and all i need to install wallet? i am not very expirienced in linux, have migrated from windows before about a month. thank you in advance mates.
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July 16, 2014, 06:09:58 PM
 #10156

i have problems with installing vericoin wallet in 32bit ubuntu linux 14.04. can someone help me and post here what dependices and all i need to install wallet? i am not very expirienced in linux, have migrated from windows before about a month. thank you in advance mates.

Are you able to get in the IRC, If nobody gets back to you here, thats a good place to start.

I am not sure if anyone is on, but that is where most people have been getting real time help. I am not familiar with that system.

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July 16, 2014, 06:16:10 PM
 #10157

Mostly rubbish .... cheap ass jibes and BS

Yawn.

2/10 Because there was a couple of interesting bits about staking, as for the the rest, go to the back of the class.

Bar raising, yes, we started that for you so you knew what to do next. Move on.

Visit www.physibit.com for lots of cool Bitcoin stuff. From Coins to Pins, Notes to Socks and a really cool collection of Art.
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July 16, 2014, 06:19:52 PM
 #10158

a repeated situation is highly unlikely if not impossible to happen

unlikely

yes, everyone hopes for that and that should be a main goal when it comes to security

impossible?

just. don't. say. stuff. like. that. really. nothing is impossible no matter how hard you try to protect something. there are much bigger threats coming from the inside (like this whole story is just fishy) than from the outside, like hacking attacks. so reading words like impossible makes me cringe everytime

whoever sells below 29k now must be a complete retard....
buy4crypto
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July 16, 2014, 06:23:19 PM
 #10159

Is it free bumps to the top day?

Here come the reinforcements!

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████ - freecrypto.top - btcinfo.top - DIGITAL CURRENCY DIRECTORIES - freeMonero.comfunbtc.xyz  ████
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EtherCoin
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July 16, 2014, 06:23:47 PM
 #10160

Looks like we are stabilizing at 30k, good time to get dem cheap coinz now before the raise!

Don't say I didn't warn you...

Eth.
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