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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1346476 times)
FANCIER
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June 18, 2016, 11:45:18 AM
 #17281

Seems like the ETH / DAO crisis has fuelled a trip down memory lane for a lot of folks on Polonibox, linking a possible ETH rollback with VRC's rollback and the following crash. Could you guy explain what happened then, how did you make that decision and how are you preventing it from happening again? I think this is the best way to avoid rumours and false information from spreading in this veri sensible period.
TY
That's the answer. See:
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June 18, 2016, 12:09:20 PM
 #17282

Seems like the ETH / DAO crisis has fuelled a trip down memory lane for a lot of folks on Polonibox, linking a possible ETH rollback with VRC's rollback and the following crash. Could you guy explain what happened then, how did you make that decision and how are you preventing it from happening again? I think this is the best way to avoid rumours and false information from spreading in this veri sensible period.
TY

Your questions have answers, but it is best you go here to ask and reply https://twitter.com/VeriCoin/status/743812040377139201   as Vericoin devs have made statements it seems, like this from Douglas Pike https://twitter.com/effectsToCause/status/743890800048750592


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June 19, 2016, 04:12:04 AM
 #17283

ICO?Huh??  yay!!!!!!

 come on everybody hop up on the band wagon.

Yes.  Master.   

Remember folks, BTCtalk has trolls, try not to feed them or get caught in their vortex of false truths.      We all do not have to agree, just be careful how you reply to others and when it is best to just ignore.    A good way to tell a troll from a real genuine discussion is when someone disagrees based on assumed "facts" and runs with it.
Ignore the trolls.
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June 19, 2016, 06:37:13 AM
 #17284

ICO?Huh??  yay!!!!!!

 come on everybody hop up on the band wagon.

Yes.  Master.   

Remember folks, BTCtalk has trolls, try not to feed them or get caught in their vortex of false truths.      We all do not have to agree, just be careful how you reply to others and when it is best to just ignore.    A good way to tell a troll from a real genuine discussion is when someone disagrees based on assumed "facts" and runs with it.
Ignore the trolls.

I love trolls, give them to me.
Black Mamba
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June 19, 2016, 08:51:36 AM
 #17285

ICO?Huh??  yay!!!!!!

 come on everybody hop up on the band wagon.

Yes.  Master.   

Remember folks, BTCtalk has trolls, try not to feed them or get caught in their vortex of false truths.      We all do not have to agree, just be careful how you reply to others and when it is best to just ignore.    A good way to tell a troll from a real genuine discussion is when someone disagrees based on assumed "facts" and runs with it.
Ignore the trolls.

I love trolls, give them to me.

monsanto
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June 19, 2016, 10:26:49 AM
 #17286

Seems like the ETH / DAO crisis has fuelled a trip down memory lane for a lot of folks on Polonibox, linking a possible ETH rollback with VRC's rollback and the following crash. Could you guy explain what happened then, how did you make that decision and how are you preventing it from happening again? I think this is the best way to avoid rumours and false information from spreading in this veri sensible period.
TY

It was really amazing at the time, because Vericoin was a much bigger deal then.  I can't recall the exact amount stolen, but I believe it was a large percentage of all the VRC in existence.  So much that if VRC hadn't forked it would be effectively dead.  So in that sense I think it was a little different than the ETH situation, where ETH would be hurt badly but probably could survive even without a fork.  The VRC fork was a big enough deal though that I remember LTC dev Coblee arguing angrily against it (seemed like kind of a dick about it to be honest).  Anyway you're right; VRC is sort of the fork-to-prevent-theft trailblazer. 

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June 19, 2016, 11:20:52 AM
 #17287

Seems like the ETH / DAO crisis has fuelled a trip down memory lane for a lot of folks on Polonibox, linking a possible ETH rollback with VRC's rollback and the following crash. Could you guy explain what happened then, how did you make that decision and how are you preventing it from happening again? I think this is the best way to avoid rumours and false information from spreading in this veri sensible period.
TY

It was really amazing at the time, because Vericoin was a much bigger deal then.  I can't recall the exact amount stolen, but I believe it was a large percentage of all the VRC in existence.  So much that if VRC hadn't forked it would be effectively dead.  So in that sense I think it was a little different than the ETH situation, where ETH would be hurt badly but probably could survive even without a fork.  The VRC fork was a big enough deal though that I remember LTC dev Coblee arguing angrily against it (seemed like kind of a dick about it to be honest).  Anyway you're right; VRC is sort of the fork-to-prevent-theft trailblazer.  

+1 Coblee is kind of dick
I agree Cheesy
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June 19, 2016, 11:28:22 AM
 #17288

Seems like the ETH / DAO crisis has fuelled a trip down memory lane for a lot of folks on Polonibox, linking a possible ETH rollback with VRC's rollback and the following crash. Could you guy explain what happened then, how did you make that decision and how are you preventing it from happening again? I think this is the best way to avoid rumours and false information from spreading in this veri sensible period.
TY

It was really amazing at the time, because Vericoin was a much bigger deal then.  I can't recall the exact amount stolen, but I believe it was a large percentage of all the VRC in existence.  So much that if VRC hadn't forked it would be effectively dead.  So in that sense I think it was a little different than the ETH situation, where ETH would be hurt badly but probably could survive even without a fork.  The VRC fork was a big enough deal though that I remember LTC dev Coblee arguing angrily against it (seemed like kind of a dick about it to be honest).  Anyway you're right; VRC is sort of the fork-to-prevent-theft trailblazer.  

+1 Coblee is kind of dick
I agree Cheesy

To be honest I don't see a big issue with projects hard forking in their infancy. However billion dollar chains hard forking to cater for their founder's investment... I do have an issue with that.
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June 19, 2016, 01:29:10 PM
 #17289

Seems like the ETH / DAO crisis has fuelled a trip down memory lane for a lot of folks on Polonibox, linking a possible ETH rollback with VRC's rollback and the following crash. Could you guy explain what happened then, how did you make that decision and how are you preventing it from happening again? I think this is the best way to avoid rumours and false information from spreading in this veri sensible period.
TY

It was really amazing at the time, because Vericoin was a much bigger deal then.  I can't recall the exact amount stolen, but I believe it was a large percentage of all the VRC in existence.  So much that if VRC hadn't forked it would be effectively dead.  So in that sense I think it was a little different than the ETH situation, where ETH would be hurt badly but probably could survive even without a fork.  The VRC fork was a big enough deal though that I remember LTC dev Coblee arguing angrily against it (seemed like kind of a dick about it to be honest).  Anyway you're right; VRC is sort of the fork-to-prevent-theft trailblazer. 

8 million coins were stolen. Also a big difference is the coins were stolen through no fault of the Vericoin developers.  From everything I have read the faulty code in ETH was known for about a year so if that was the case it wasn't a matter of if but when. After the rollback the team took a yea but cause with PoST so if something like the mental hacked ever happen again the coin couldn't be controlled. So it was a bad situation with people on both sides of the fence BUT they took that opportunity to improve the protocol for the better and that to be commended!!


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Conqueror
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June 19, 2016, 03:17:07 PM
 #17290

Seems like the ETH / DAO crisis has fuelled a trip down memory lane for a lot of folks on Polonibox, linking a possible ETH rollback with VRC's rollback and the following crash. Could you guy explain what happened then, how did you make that decision and how are you preventing it from happening again? I think this is the best way to avoid rumours and false information from spreading in this veri sensible period.
TY

It was really amazing at the time, because Vericoin was a much bigger deal then.  I can't recall the exact amount stolen, but I believe it was a large percentage of all the VRC in existence.  So much that if VRC hadn't forked it would be effectively dead.  So in that sense I think it was a little different than the ETH situation, where ETH would be hurt badly but probably could survive even without a fork.  The VRC fork was a big enough deal though that I remember LTC dev Coblee arguing angrily against it (seemed like kind of a dick about it to be honest).  Anyway you're right; VRC is sort of the fork-to-prevent-theft trailblazer. 

8 million coins were stolen. Also a big difference is the coins were stolen through no fault of the Vericoin developers.  From everything I have read the faulty code in ETH was known for about a year so if that was the case it wasn't a matter of if but when. After the rollback the team took a yea but cause with PoST so if something like the mental hacked ever happen again the coin couldn't be controlled. So it was a bad situation with people on both sides of the fence BUT they took that opportunity to improve the protocol for the better and that to be commended!!

+1 respect to VRC devs to not quitting but learning and evolving from the situation
Right now VRC is very interesting coin
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June 19, 2016, 05:12:08 PM
 #17291

Seems like the ETH / DAO crisis has fuelled a trip down memory lane for a lot of folks on Polonibox, linking a possible ETH rollback with VRC's rollback and the following crash. Could you guy explain what happened then, how did you make that decision and how are you preventing it from happening again? I think this is the best way to avoid rumours and false information from spreading in this veri sensible period.
TY

It was really amazing at the time, because Vericoin was a much bigger deal then.  I can't recall the exact amount stolen, but I believe it was a large percentage of all the VRC in existence.  So much that if VRC hadn't forked it would be effectively dead.  So in that sense I think it was a little different than the ETH situation, where ETH would be hurt badly but probably could survive even without a fork.  The VRC fork was a big enough deal though that I remember LTC dev Coblee arguing angrily against it (seemed like kind of a dick about it to be honest).  Anyway you're right; VRC is sort of the fork-to-prevent-theft trailblazer. 

8 million coins were stolen. Also a big difference is the coins were stolen through no fault of the Vericoin developers.  From everything I have read the faulty code in ETH was known for about a year so if that was the case it wasn't a matter of if but when. After the rollback the team took a yea but cause with PoST so if something like the mental hacked ever happen again the coin couldn't be controlled. So it was a bad situation with people on both sides of the fence BUT they took that opportunity to improve the protocol for the better and that to be commended!!

+1 respect to VRC devs to not quitting but learning and evolving from the situation
Right now VRC is very interesting coin

Veri Interesting coin.
Devs have been working hard on PoST, and so far been great.
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June 19, 2016, 06:51:43 PM
 #17292

Vericoin is still the only coin that I have full trust. Great devs!

Btw, anyone interested to buy my physical vericoin yet? I can lower my ask to 2000 VRC :O
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June 19, 2016, 08:17:17 PM
 #17293

In these crazy times for BTC, from altcoins I only feel comfortable holding Vericoin and DigyByte. I am pretty sure we will see more people turn again to crypto as a currency and not crypto as tokens. Especially with BTC flying past $1k until the end of 2016.
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June 19, 2016, 10:15:17 PM
 #17294




PoW-Time Soon...

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June 19, 2016, 11:03:40 PM
 #17295

HI guys

Great to see that you have reopened this thread..... however it just looks so suspicious that the first thing you do is announce another ICO. Everybody wants there own little sand box to play in until they want to raise

cash, then it's lets get a thread running on Bitcointalk  Grin. It will be interesting to see how long this thread stays open. Anyway I hope you are here long term and good luck with your new venture.

Cheers Jon  Wink

          dICO Disguised Instant Cash Out
effectsToCause
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June 19, 2016, 11:35:56 PM
 #17296

HI guys

Great to see that you have reopened this thread..... however it just looks so suspicious that the first thing you do is announce another ICO. Everybody wants there own little sand box to play in until they want to raise

cash, then it's lets get a thread running on Bitcointalk  Grin. It will be interesting to see how long this thread stays open. Anyway I hope you are here long term and good luck with your new venture.

Cheers Jon  Wink

We won't be closing this thread again.  We actually waited till we were presenting something new to open this thread so it was a more interesting discussion and to address a larger audience. While working on PoST, I realized we can improve PoW by making time variable as well. This was the beginning of Verium because variable block time is good for security and efficiency of mining, but not so great for transactions. That's when I realized PoW is inherently more of a commodity and PoS is inherently more of a currency. An optimal system requires both with separate protocols.
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June 20, 2016, 12:30:21 AM
 #17297

HI guys

Great to see that you have reopened this thread..... however it just looks so suspicious that the first thing you do is announce another ICO. Everybody wants there own little sand box to play in until they want to raise

cash, then it's lets get a thread running on Bitcointalk  Grin. It will be interesting to see how long this thread stays open. Anyway I hope you are here long term and good luck with your new venture.

Cheers Jon  Wink

The developers didn't really want an ICO.  But people myself included from the vericoin forum wanted to get some Verium, since I and other don't mine coins.  Thats why one of the ideas for raising money is putting 50% of the funds stored cold and use the money off of the interest.


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Cryptonitex
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June 20, 2016, 03:56:18 AM
 #17298

HI guys

Great to see that you have reopened this thread..... however it just looks so suspicious that the first thing you do is announce another ICO. Everybody wants there own little sand box to play in until they want to raise

cash, then it's lets get a thread running on Bitcointalk  Grin. It will be interesting to see how long this thread stays open. Anyway I hope you are here long term and good luck with your new venture.

Cheers Jon  Wink

We won't be closing this thread again.  We actually waited till we were presenting something new to open this thread so it was a more interesting discussion and to address a larger audience. While working on PoST, I realized we can improve PoW by making time variable as well. This was the beginning of Verium because variable block time is good for security and efficiency of mining, but not so great for transactions. That's when I realized PoW is inherently more of a commodity and PoS is inherently more of a currency. An optimal system requires both with separate protocols.
And when you put them both together, you have something that works veri well together.
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June 20, 2016, 10:14:15 AM
 #17299

The shills, sockpuppets, cheerleaders who want to revitalize their investment with a new scam and support these two clowns effectsToCause and pnosker to roll out this new scam must understand: this scam is not going to be successful.

The two developer clowns have been demonstrated in last two years that they are perfectly incapable to build anything substantial and useful, and therefore, what we are talking about here?

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June 20, 2016, 11:06:27 AM
 #17300

The shills, sockpuppets, cheerleaders who want to revitalize their investment with a new scam and support these two clowns effectsToCause and pnosker to roll out this new scam must understand: this scam is not going to be successful.

The two developer clowns have been demonstrated in last two years that they are perfectly incapable to build anything substantial and useful, and therefore, what we are talking about here?




And what have you created in the last two years that would qualify you to be the judge of their work?


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