Bitcoin Forum
March 19, 2024, 09:17:19 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Where would you prefer the VRC/VRM exchange pair be?
Bittrex
Poloniex
Both
Other

Pages: « 1 ... 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 [381] 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 ... 961 »
  Print  
Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1355393 times)
nusa
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile
July 13, 2014, 04:16:49 PM
 #7601

Great response from the Devs!
+10 Trust
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1710839839
Hero Member
*
Offline Offline

Posts: 1710839839

View Profile Personal Message (Offline)

Ignore
1710839839
Reply with quote  #2

1710839839
Report to moderator
1710839839
Hero Member
*
Offline Offline

Posts: 1710839839

View Profile Personal Message (Offline)

Ignore
1710839839
Reply with quote  #2

1710839839
Report to moderator
1710839839
Hero Member
*
Offline Offline

Posts: 1710839839

View Profile Personal Message (Offline)

Ignore
1710839839
Reply with quote  #2

1710839839
Report to moderator
buy4crypto
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250

freecrypto.top


View Profile WWW
July 13, 2014, 04:17:08 PM
 #7602

so what are we supposed to do? update the wallet? backup the wallet?

We will have instructions soon.

Someone wants to cause VRC problems due to the fact its not just some other shit coin, but a real coin, with real, capable developers.

We the community take on the responsibility of Mintpals lack of common sense. So the smart people will be buying this dip, seeing the actions of the developers, dedicated and quick to take action. While some people panic sell, in the end, the person who hacked gets what they want for a short period of time, once cool heads prevail and the team gets it straight I wouldn't be suprised to see large demand.

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
████ - freecrypto.top - btcinfo.top - DIGITAL CURRENCY DIRECTORIES - freeMonero.comfunbtc.xyz  ████
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
buy4crypto
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250

freecrypto.top


View Profile WWW
July 13, 2014, 04:18:32 PM
 #7603

People should take note of this. Not because of the hack, but because of the immediate step-up of the developers to defend the integrity of the coin.

Ladies and gentlemen, I do believe the bar has effectively been raised.

+10
But thing about it widely:

1) Conclusion is that VRC is valuable to 8m /27 *100%  = 30% attacks...not 51%

2) Big hit into decentralization image of VRC "rolbacks" - shows that crypto is not decentralized coin...
So fork BTC before MtGox that way...


Are you mad that the developers of VRC took the proper action, while bitcoin let there community lose?

VeriCoin will take the lead in due time. Its got to many people that care.

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
████ - freecrypto.top - btcinfo.top - DIGITAL CURRENCY DIRECTORIES - freeMonero.comfunbtc.xyz  ████
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
noerc
Sr. Member
****
Offline Offline

Activity: 248
Merit: 250


View Profile
July 13, 2014, 04:18:57 PM
 #7604

Wait, a hard fork because an exchange was hacked? I hope you spend some time making this decision, because if the devs simply hard fork to reset the blockchain to a state that they prefer the trust in this decentralized currency will suffer from that.

Note that Gox could have been solved the very same way, but there was no hard fork of BTC, and that had a reason.

But good for Mintpal, nice to hear that these poor guys don't have too much losses  Huh
buy4crypto
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250

freecrypto.top


View Profile WWW
July 13, 2014, 04:20:06 PM
 #7605

Wait, a hard fork because an exchange was hacked? I hope you spend some time making this decision, because if the devs simply hard fork to reset the blockchain to a state that they prefer the trust in this decentralized currency will suffer from that.

Note that Gox could have been solved the very same way, but there was no hard fork of BTC, and that had a reason.

But good for Mintpal, nice to hear that these poor guys don't have too much losses  Huh

Do you want a thief with 30% of coins unloading on your community, I imagine that the bitcoin loss, though monetarily more, it was not as big of a % of the total network.

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
████ - freecrypto.top - btcinfo.top - DIGITAL CURRENCY DIRECTORIES - freeMonero.comfunbtc.xyz  ████
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
bitcad4u
Sr. Member
****
Offline Offline

Activity: 602
Merit: 255


View Profile
July 13, 2014, 04:20:13 PM
 #7606

People should take note of this. Not because of the hack, but because of the immediate step-up of the developers to defend the integrity of the coin.

Ladies and gentlemen, I do believe the bar has effectively been raised.

+10
But thing about it widely:

1) Conclusion is that VRC is valuable to 8m /27 *100%  = 30% attacks...not 51%

2) Big hit into decentralization image of VRC "rolbacks" - shows that crypto is not decentralized coin...
So fork BTC before MtGox that way...


Are you mad that the developers of VRC took the proper action, while bitcoin let there community lose?

VeriCoin will take the lead in due time. Its got to many people that care.

soooo wait... i just bought a car with vericoins... and so i got the car... and so now the network will be rolled back to a date prior to me buying the car?  so now i have the car and all my vericoins back?  so now I can buy another car..... .sweet.
alwa1
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
July 13, 2014, 04:20:49 PM
 #7607

Wait, a hard fork because an exchange was hacked? I hope you spend some time making this decision, because if the devs simply hard fork to reset the blockchain to a state that they prefer the trust in this decentralized currency will suffer from that.

Note that Gox could have been solved the very same way, but there was no hard fork of BTC, and that had a reason.

But good for Mintpal, nice to hear that these poor guys don't have too much losses  Huh
Actually It's not sure that mtgox was attacked by a hacker.
buy4crypto
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250

freecrypto.top


View Profile WWW
July 13, 2014, 04:21:02 PM
 #7608

Are the people involved in the hack going to show up on this forum to cause FUD? I don't doubt it.

Someone hates VRC, because it is going to be big. I hope you all realize this. They didn't attack blackcoin, or those other coins that claim superiority, they attacked the coin with a future.

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
████ - freecrypto.top - btcinfo.top - DIGITAL CURRENCY DIRECTORIES - freeMonero.comfunbtc.xyz  ████
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Rekatan
Newbie
*
Offline Offline

Activity: 30
Merit: 0


View Profile
July 13, 2014, 04:21:06 PM
 #7609

I personally am very excited by this. I know this may be a scary time for the people who currently have VRC missing, but think of the precedent this is setting!

Never in the history of money has there been the ability to just "Rollback" to a point prior to a theft. This is like if bank robbers got away with 2 million dollars, and the next day the money was back in their vault, while the robbers are now magically holding worthless monopoly money.

This really has the potential to change the way that the world sees crypto - it is a tangible benefit that fiat money will never be able to provide. If it goes off smoothly I have no doubt we'll see this in Forbes at the minimum, since they already are fairly crypto-friendly.
FryguyUK
Legendary
*
Offline Offline

Activity: 801
Merit: 1000


View Profile
July 13, 2014, 04:23:18 PM
 #7610

Wait, a hard fork because an exchange was hacked? I hope you spend some time making this decision, because if the devs simply hard fork to reset the blockchain to a state that they prefer the trust in this decentralized currency will suffer from that.

Note that Gox could have been solved the very same way, but there was no hard fork of BTC, and that had a reason.

But good for Mintpal, nice to hear that these poor guys don't have too much losses  Huh

They couldn't react anywhere near fast enough for gox and considering the scale of which BTC was used at the time the rollback was probably too far buried. Just my theory here, but 100s of thousands of bitcoin could have been sent in between places while mtgox went under, meaning a roll back gains the exchanges money back but kills others BTC globally in the meantime?

Anyways I love the quick response, very solid. I think I'm starting to get a gut feeling about who is truly the mule behind this coin but it's probably wishful thinking.
ljm81
Member
**
Offline Offline

Activity: 108
Merit: 10


View Profile
July 13, 2014, 04:23:42 PM
 #7611

Notice that the hacker dint go for darkcoin or uno lol.
I had a feeling VRC was gonna be huge but now im sure of it Smiley
Killiz
Hero Member
*****
Offline Offline

Activity: 750
Merit: 503


View Profile
July 13, 2014, 04:25:30 PM
 #7612

so what are we supposed to do? update the wallet? backup the wallet?

We will have instructions soon.

Someone wants to cause VRC problems due to the fact its not just some other shit coin, but a real coin, with real, capable developers.

We the community take on the responsibility of Mintpals lack of common sense. So the smart people will be buying this dip, seeing the actions of the developers, dedicated and quick to take action. While some people panic sell, in the end, the person who hacked gets what they want for a short period of time, once cool heads prevail and the team gets it straight I wouldn't be suprised to see large demand.

+1

What will happen will be a hard fork, that is, the blockchain will re-commence from before the attack took place. If everyone keeps their coins immobile then there will be much less vulnerability that this will affect each persons balances which were confirmed before the attack took place.

If you have coins on mintpal. It is now mintpals responsibility to secure and reimburse those coins for every individual involved with the attack, as it is their wrong doing and not the Vericoin networks fault. Only Mintpals secury.

I urge everyone making transactions outside of Mintpal, to stop this activity and wait for a Vericoin Developers response to the current situation.






noerc
Sr. Member
****
Offline Offline

Activity: 248
Merit: 250


View Profile
July 13, 2014, 04:25:39 PM
 #7613

Wait, a hard fork because an exchange was hacked? I hope you spend some time making this decision, because if the devs simply hard fork to reset the blockchain to a state that they prefer the trust in this decentralized currency will suffer from that.

Note that Gox could have been solved the very same way, but there was no hard fork of BTC, and that had a reason.

But good for Mintpal, nice to hear that these poor guys don't have too much losses  Huh

Do you want a thief with 30% of coins unloading on your community, I imagine that the bitcoin loss, though monetarily more, it was not as big of a % of the total network.

Its about the integrity of the blockchain. Who decides whether Mintpal was actually hacked or not? Apparently a mail from MintpalJason to a developer is enough today. Also note that this has nothing to do with this community. Mintpal probably has enough BTC to refund the VRC losses anyway, and they either would refund or die, since it is their fault.

What happens here is saving the fundings of an exchange (not community) at the expense of the blockchain integrity.
phzi
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500


View Profile
July 13, 2014, 04:26:49 PM
 #7614

Too bad about the hack.  But a rollback will do nothing but cause a loss of faith in this coin.

If the developers can start a rollback, then the blockchain's history is obviously worth nothing...

Dead coin now.  Too bad, so sad.
unamis76
Legendary
*
Offline Offline

Activity: 1512
Merit: 1003


View Profile
July 13, 2014, 04:26:54 PM
 #7615

Can any dev answer why mp would only have an issue with vrc and the attackers did not take btc or higher valued coins?  If what mp said was true and only vrc was hit, but had nothing to do with vrc?

Just looking for an answer, if there is a good explanation, then great! would instill confidence!


The attacker targeted BTC, LTC, and VRC.

Mintpal says only VRC was attacked, do you have any way to confirm that info? If it's true, then it's terrible news...
s1ng
Legendary
*
Offline Offline

Activity: 1218
Merit: 1001


View Profile
July 13, 2014, 04:27:38 PM
 #7616

Update from MintPal
13/07/2014 4:19 PM Announcements
Please read the entirety of this post.

A few hours ago we were unfortunately the subject of a successful attack against the exchange. Our investigations have shown that whilst our security was breached, VeriCoin was the target. We would like to stress that VeriCoin and the VeriCoin network has not been in any way compromised. We have worked to secure the exchange and the withdraw process from any further attack.

As it stands at the moment the following applies:

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.

2) We are currently processing withdrawals for all other coins.

As I'm sure you will appreciate, our support channels will most likely be very busy over the coming hours/days so please bear with us.

We would like to personally extend our thanks to the VeriCoin developers and the other exchanges who have pulled out all of the stops to ensure that your VRC funds are safe.


this is freak me out. Never heard something like this before for exchange as MINTPAL level.
The Hacker must be from inner employee or he/she is highly intellegence hacker
allcrypt
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


View Profile WWW
July 13, 2014, 04:28:36 PM
 #7617

Update from MintPal
13/07/2014 4:19 PM Announcements
Please read the entirety of this post.

A few hours ago we were unfortunately the subject of a successful attack against the exchange. Our investigations have shown that whilst our security was breached, VeriCoin was the target. We would like to stress that VeriCoin and the VeriCoin network has not been in any way compromised. We have worked to secure the exchange and the withdraw process from any further attack.

As it stands at the moment the following applies:

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.

2) We are currently processing withdrawals for all other coins.

As I'm sure you will appreciate, our support channels will most likely be very busy over the coming hours/days so please bear with us.

We would like to personally extend our thanks to the VeriCoin developers and the other exchanges who have pulled out all of the stops to ensure that your VRC funds are safe.


WHAT??

No. I'm sorry. No. Their security is breached and they are going to hard fork the coin to cover their asses?

Wow. That's... Wow. I had nothing but praise for mintpal before, but this is stunning.

I admit I haven't read past the post I just quoted, but it shocked me enough I had to post this. That's the most absurd thing I have ever heard.

AllCrypt.com - Your new CryptoCurrency Exchange Now Open! www.AllCrypt.com
LeroyJenkens
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile
July 13, 2014, 04:29:02 PM
 #7618

So, shouldn't everyone dump their VRC to BTC now? Then wouldn't they get all their previously sold coins back after the fork?
Killiz
Hero Member
*****
Offline Offline

Activity: 750
Merit: 503


View Profile
July 13, 2014, 04:29:25 PM
 #7619

Too bad about the hack.  But a rollback will do nothing but cause a loss of faith in this coin.

If the developers can start a rollback, then the blockchain's history is obviously worth nothing...

Dead coin now.  Too bad, so sad.

I believe that this can be summed up as.....NOT.

Is Bitcoin dead because of Mt Gox? It was an exchange. The exchange was weak. Bitcoin was solid. Take note!
Subtuppel
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500



View Profile
July 13, 2014, 04:30:49 PM
 #7620

I personally am very excited by this. I know this may be a scary time for the people who currently have VRC missing, but think of the precedent this is setting!

Never in the history of money has there been the ability to just "Rollback" to a point prior to a theft. This is like if bank robbers got away with 2 million dollars, and the next day the money was back in their vault, while the robbers are now magically holding worthless monopoly money.

This really has the potential to change the way that the world sees crypto - it is a tangible benefit that fiat money will never be able to provide. If it goes off smoothly I have no doubt we'll see this in Forbes at the minimum, since they already are fairly crypto-friendly.

you need to think a bit more:

not only the "robber" is punished, but everyone else who bought coins for BTC/FIAT between the hack/whatever and the time of the rollback, and everybody who sold will still have their coins +  BTC/FIAT.
If you call that a good situation you should not be allowed to handle money at all.

Pages: « 1 ... 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 [381] 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 ... 961 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!