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

[chunkyjunkie]

As I understand VRC developers are now acting like a central bank to save big investors money. Veri Centralized.

you need a better understanding....

[youngmike]

It seems that VRC PoS vulnerabilities are not fixed yet so attacks like this are possible.

Somebody is about to make you feel really dumb. Will leave it up to that somebody to do that.

Why does it have to be about making someone feel dumb? Just offer the simple explanation: The security issue is with MintPal, and MintPal alone.

This time it was MintPal and too centralized VRC market structure. But VRC PoS vulnerabilities still remain. It's not safe to invest until PoS is fixed. I hope dev buys a working PoS (license) if they are not able to fix it by their own.

51% attack is not the cause of this.
you are throwing apples and bananas in one bucket like most of the chills\fudders here.
please read the mintpal and vericoin dev statement please.

also please inform yourself about pos and pow, becaus it seems your knowledge is less then needed if you want to invest in crypto.

fork is ok dont see any other option here.
we will come out stronger for sure!

Your information is outdated. Every PoS coin is in danger, except one which fixed it's PoS this week. It's the only safe coin to invest now.

[youngmike]

And i'm not talking about this MintPal issue

[tigerwood0432]

I still show my full VRC balance in MintPal.  Does this mean my coins by chance were not part of what was stolen?  Has anyone seen the balance actually affected or do they just not update.

My VRC balance looks unaffected, but the grand total (in estimated BTCs) doesn't make sense, is like if all the other coins counted but not the VRCs, can anyone check?

Eth.

Mintpal:

VRC 786.xxxxx
Est. Total BTC 0.00000000

I've moved all my other cryptos to other exchanges - better to do smth than just wait.

Wrong = put your coin in your wallet . Transfer to an exchange just when you need to sell . Isn't it a good lesson to learn today ?

Do you think cryptsy is safe , or bittrex or any other exchange ?

STAKE YOUR COIN in cold storage and transfer to an exchange only when needed .

I think this TIME : PUMP AND DUMP IS OVER = PEOPLE WILL NOT STORE THEIR COINS IN EXCHANGES .

[FiniteByDesign]

Want your crypto represented in a line of physical proofs?

We have had inquiries from a few crypto development teams and/or supporters regarding having a line of proofs created for their crypto and are pleased to announce support of this concept going forward! The way this works is that prepayment for 30% of the inventory would be required and we will cover the remaining upfront investment of time and labor. Once the line is completed and assembled, your 30% of the inventory for which you prepaid will be shipped to you. Finite By Design, LLC will own, list and support the sale of the remaining 70% of the inventory to recoup our portion of the investment and profit.

Example (using made up "FiniteCoin"):

Members of the "FiniteCoin" community decide they want a physical representation of their crypto created and supported by Finite By Design, LLC. The "FiniteCoin" community decides on the quantity of proofs they desire (50) as well as the composition (1 troy ounce of .999 fine silver). Once this is determined, the payment for 30% of the inventory (15 proofs) or $1,500 is made and the production process begins. In about 8 weeks the new line of proofs is completed, the 15 proofs are mailed (to one centralized address for further redistribution) and Finite By Design, LLC lists, supports and advertises the remaining inventory of 35 proofs.

Variations are available depending on quantity of proofs and material of composition - please contact via email for discussion of alternative options.

[criptix]

It seems that VRC PoS vulnerabilities are not fixed yet so attacks like this are possible.

Somebody is about to make you feel really dumb. Will leave it up to that somebody to do that.

Why does it have to be about making someone feel dumb? Just offer the simple explanation: The security issue is with MintPal, and MintPal alone.

This time it was MintPal and too centralized VRC market structure. But VRC PoS vulnerabilities still remain. It's not safe to invest until PoS is fixed. I hope dev buys a working PoS (license) if they are not able to fix it by their own.

51% attack is not the cause of this.
you are throwing apples and bananas in one bucket like most of the chills\fudders here.
please read the mintpal and vericoin dev statement please.

also please inform yourself about pos and pow, becaus it seems your knowledge is less then needed if you want to invest in crypto.

fork is ok dont see any other option here.
we will come out stronger for sure!

Your information is outdated. Every PoS coin is in danger, except one which fixed it's PoS this week. It's the only safe coin to invest now.

ok please enlighten me and explain it with details 

yes you were talking about mintpal issue. reread you firstpost that is quoted

[chunkyjunkie]

Anyone even bother to follow where 8 million coins went to and how far it got?  Not to big of a cleanup if you do some legwork.  I will let soemone else post the results though.

[scrypto]

Vericoin's statement

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

bullshit

[szuwi]

I still show my full VRC balance in MintPal.  Does this mean my coins by chance were not part of what was stolen?  Has anyone seen the balance actually affected or do they just not update.

My VRC balance looks unaffected, but the grand total (in estimated BTCs) doesn't make sense, is like if all the other coins counted but not the VRCs, can anyone check?

Eth.

Mintpal:

VRC 786.xxxxx
Est. Total BTC 0.00000000

I've moved all my other cryptos to other exchanges - better to do smth than just wait.

Wrong = put your coin in your wallet . Transfer to an exchange just when you need to sell . Isn't it a good lesson to learn today ?

Do you think cryptsy is safe , or bittrex or any other exchange ?

STAKE YOUR COIN in cold storage and transfer to an exchange only when needed .

I think this TIME : PUMP AND DUMP IS OVER = PEOPLE WILL NOT STORE THEIR COINS IN EXCHANGES .

wrong?? "STAKE YOUR COIN" - especially when the devs decided to manipulate blockchain...

[bitspender]

Can't you see the opportunity ? THIS ATTACK WILL BRING VRC TO THE MEDIA ATTENTION = ITS UNIQUE = ALL NEWSPAPERS , CRYPTO-MAGAZINES , TELEVISION , FORUMS , BLOGS , RADIOS ,  EVERYBODY IN THE CRYPTO-WORLD  WILL TALK ABOUT VERICOIN . IT WILL BE THE NEXT BTC

haha, bag holder delusions

+1 I rather say, end of VRC. As soon as markets open, dumps will follow, end of coin.
Have seen this scenario many times before.

[CryptoLTD]

guys this why need a decentralized exchange somthing like this http://bithalo.org/

No, its why exchanges need to be held to a higher standard, a& be registered, so they are by law bound to 3rd party auditing. This is why I trade sizable qty only on cryptsy.

[tigerwood0432]

Anyone even bother to follow where 8 million coins went to and how far it got?  Not to big of a cleanup if you do some legwork.  I will let soemone else post the results though.

WHERE ARE YOU GOING WITH OUR MONEY , SON OF A B...........

[chunkyjunkie]

Anyone even bother to follow where 8 million coins went to and how far it got?  Not to big of a cleanup if you do some legwork.  I will let soemone else post the results though.

WHERE ARE YOU GOING WITH OUR MONEY , SON OF A B...........

That is where it is, stuck.. nothing more...

[pb2014]

Vericoin's statement

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

bullshit

This is not even an option.

Blame Mintpal not Vericoin. Rollback is a must. If Vericoin doesn't rollback then it will be worth NOTHING. The coin will be DEAD.

[bitspender]

Even if this guy dumps at 1 satoshi.....

[majeis]

No, I wouldn't. Even if you type in huge red letters. Anyone who understands the true point of the blockchain will agree with me

You going to answer my question? I only posted it one minute before the one you responded to. Shit, answer it on your main account since you obviously mistakenly posted on your "coin name"-themed "dev" account.

Rollback destroys all integrity of the block chain. You may as well go back to using dollars if you want to have a solution as moronic as a rollback. Honestly, anyone for it is either a) new as hell and totally clueless on what the block chain does and what cryptos are, or b) trying to kill this coin and MintPal

Simple as that. You are either stupid or just FUD'ing if you support a rollback. I expect flak from tons of new accounts starting...NOW

Says the "dev" of another coin that's a new account itself. Did you forget to login to your main account there?

Let's ask you this same question and see if you have no response like everyone else:

So you think a guaranteed ongoing 51% attack or an insta-dump is a better alternative?

Please explain why.

[kpierce77]

I still show my full VRC balance in MintPal.  Does this mean my coins by chance were not part of what was stolen?  Has anyone seen the balance actually affected or do they just not update.

My VRC balance looks unaffected, but the grand total (in estimated BTCs) doesn't make sense, is like if all the other coins counted but not the VRCs, can anyone check?

Eth.

Mintpal:

VRC 786.xxxxx
Est. Total BTC 0.00000000

I've moved all my other cryptos to other exchanges - better to do smth than just wait.

Wrong = put your coin in your wallet . Transfer to an exchange just when you need to sell . Isn't it a good lesson to learn today ?

Do you think cryptsy is safe , or bittrex or any other exchange ?

STAKE YOUR COIN in cold storage and transfer to an exchange only when needed .

I think this TIME : PUMP AND DUMP IS OVER = PEOPLE WILL NOT STORE THEIR COINS IN EXCHANGES .

Wow that would be GREAT if pump and dump were over!!!  Doubt that's the case though.

[battbot]

Vericoin's statement

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

bullshit

This is not even an option.

Blame Mintpal not Vericoin. Rollback is a must. If Vericoin doesn't rollback then it will be worth NOTHING. The coin will be DEAD.

Even a rollback is highly problematic because it compromises integrity of the blockchain.  Either way this is a tragedy...  I still cannot understand why VRC was the only target.

[BadAss.Sx]

I guess MP will start an investigation against the attackers. Looks like a legit company, so some private investigators need to be hired.

[Relaxedsense]

I will ask again, whats the ETA on the fork?