[ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released

[Vinculin]

IMO the primary propose of this attack is that the hacker(s) want Mintpal to shut down their business so that they can control P&D at bittrex much more easily. Vericoin is a victim. Don't believe hackers having ability to hijack Mintpal would have such a small mistake in transferring their money out.

[ofp]

2) It is therefore a community decision to halt trading until devs come up with a solution. It's not a single and isolated devs move

That's a bullshit definition of a community decision.  It was decided by Mintpal and dictated to the VRC development team.  The other exchanges had little choice but to follow.  The community had zero choice.

3) The problem was related to the withdrawal door at MP and there was a single transaction moving the 8M coins. This means that the coins were transferred to a single wallet and can be perfectly and easily followed up

Yes

4) The hardfork that will be created by devs will most likely isolate that single transaction and all the transaction subtree that followed. But it will probably leave intact all other transactions, whether they happened before of after the theft

No that's not how it works unless they go in and completely alter the blockchain which is even more disturbing.

5) The exchanges will reimburse people who lost money transacting with the thieves (if there was any transaction at all)

You mean Mintpal? No they won't - we wouldn't need a hardfork if they did this.

6) As a result, the whole community will be secured and the single transaction that will suffer is the one where the coins are stolen
I believe VRC is going stronger after this.

Keep sticking your tongue up Mintpal's arse.  This is a case of destroying Vericoin to save Mintpal and nothing less.  Stop being a mindless shill.

At the time MP was robbed, THEY OWNED the 8M VRC coins. It was in their wallet and they owed these coins to the people who deposited them. 8M MP coins added to the ones that are under the other exchanges responsibility (the ones that agreed with the hardfork) and the ones controlled by the devs are probably more than 51% of the existing VRC coins. It's therefore a legitimate 51% decision. As simple as that.

[buy4crypto]

Vericoin's statement

http://www.vericoin.info/downloads/Statement.pdf

[webay]

I left much of my coins on MP and did alright day trading. Needless to say, I'm shitting a brick.

Not sure how this fork thing works. Is it something as simple as a click of a button?

[Kgman]

If Hard Fork is done VRC will be used as toilet paper................DEVS DONT HAVE FINAL SAY 51% WILL WIN ...............if devs had fork and we dont update wallets them it will not fork

[kpierce77]

While I have the utmost respect for Mintpal, I would never fork my coin for one party's loss.

The total loss of 8 Million coins at 39,000 Satoshi is about 312 Bitcoin or about $200,000.

The coins that were stolen were under the control of the exchange.  They are the ultimate responsible parties.  I find it hard to believe that Mintapal is not a multi million dollar entity that can absorb 312 bitcoins.
It sounds like they are passing the damage to the community.  This sets a bad precedent for all altcoins.  Once you change the ledger trust is lost.  Even if it is for good.

Mintpal should put aside a 312 Bitcoin BUY order across multiple sites at the last known trade price.  This would floor the price and Mintpal would then pay back the people who lost their coins.

Judge Crypto

EDIT: It is 312,000 BTC or about 2 Million Dollars...

Do yourself a favor and never involve yourself in anything that involves doing math. You suck at it more than my six year old nephew.

Wow that's harsh!  Give the guy a break lol

[blacky90]

I feel so sorry for the people who are lost all ther vericoin

[surestrike]

I do not fud, period.

Mintpal will loose many customers due to this security breach. Anyone who has coins , esp BTC on mintpal is taking a big risk.

Regarding VRC, i was lucky to sell all a few days ago around 41k sats.   I was looking to buy back in over the last few days and today (again i have not fudded anywhere, so stop with that talk). Now i will not be bying back in, due to the fear of this happening again.

Obviously someone wants to take down VRC because it is a big threat to all other alts. But if i still had my 700k VRC right now i would be having a complete nightmare.  

[youngmike]

I feel so sorry for the people who are lost all ther vericoin

DEV!!! CHAIN ROLLBACK MUST BE DONE!!!

[defier]

So Much FUD.
Soul-eater are you the thief?  Sound like your really mad the thieves wont get to keep the stolen coins.  And I suspect who ever did it would be here watching and participating on some level.

[cryptoholic11]

I feel so sorry for the people who are lost all ther vericoin

My account balance on MintPal is still the same and not showing any missing coins, am I safe? And can someone tell me what rolling back the blockchain does? How will the losses be reimbursed?

[Soul_eater_123]

So Much FUD.
Soul-eater are you the thief?  Sound like your really mad the thieves wont get to keep the stolen coins.  And I suspect who ever did it would be here watching and participating on some level.

I wish:)

[iGotSpots]

Congratulations on killing your own coin with a rollback to save a shitty exchange. Kudos on the biggest continued fuck up ever to both of you

[eatenbyagrue]

If Hard Fork is done VRC will be used as toilet paper................DEVS DONT HAVE FINAL SAY 51% WILL WIN ...............if devs had fork and we dont update wallets them it will not fork

Correct me if I am wrong, but if the thieves control roughly 30% of the wallets, and presumably they will not update, does this mean that for the hard fork to go through, it will take roughly 72% of the remaining wallets to agree to the fork?  This seems like a really high percentage to expect to vote yes on this.

[buy4crypto]

Im wondering if those coins out of circulation for a while will create more demand for whats left?

Once the sky is falling people are done, then I have a feeling its about to move higher, I am thrilled by the response of devs. The only people seeming to be worried are those who can benefit from VeriCoin losing its momentum.

They attack the best, there is a reason they left Blackcoin, and those other ones alone, there is only a few coins in crypto right now with enough demand to give the criminals a chance to cash out, it was BTC, LTC and VRC.

Today though, there has been much more interest in vericoin, from a lot of people who never heard of VRC.

At the end of the day more awareness is a greater chance to bring on more members who think the devs actions where extremely important in preserving the coins integrity.

[mig5000]

Why the fuck did Mintpal have 8M vericoin in their hot wallet ?

[Kgman]

Fuck U PATRICK! ........i have no respect for u ...........I will not be updating my wallet you faggot bitch  

[kpierce77]

I do not fud, period.

Mintpal will loose many customers due to this security breach. Anyone who has coins , esp BTC on mintpal is taking a big risk.

Regarding VRC, i was lucky to sell all a few days ago around 41k sats.   I was looking to buy back in over the last few days and today (again i have not fudded anywhere, so stop with that talk). Now i will not be bying back in, due to the fear of this happening again.

Obviously someone wants to take down VRC because it is a big threat to all other alts. But if i still had my 700k VRC right now i would be having a complete nightmare.  

700k?  Holy shitballs!  I think it's safe to say that you made some serious bank a few days ago lol

[alwa1]

The rollback is not for saving the exchange, its is for saving vericoin. Mintpal is already compromised

[kpierce77]

Why the fuck did Mintpal have 8M vericoin in their hot wallet ?

Well I don't think it was 8M coins in one wallet on MP.  It was probably lots of wallets that together totaled 8M coins.  But still, to have a third of the total coin supply on one exchange is alot.