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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1351144 times)
buy4crypto
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July 13, 2014, 06:39:15 PM
 #7741

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.

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mig5000
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July 13, 2014, 06:39:52 PM
 #7742

Why the fuck did Mintpal have 8M vericoin in their hot wallet ?
Kgman
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July 13, 2014, 06:40:01 PM
 #7743

Fuck U PATRICK! ........i have no respect for u ...........I will not be updating my wallet you faggot bitch  
kpierce77
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July 13, 2014, 06:40:12 PM
 #7744

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
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July 13, 2014, 06:40:37 PM
 #7745

The rollback is not for saving the exchange, its is for saving vericoin. Mintpal is already compromised
kpierce77
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July 13, 2014, 06:42:20 PM
 #7746

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.
defier
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July 13, 2014, 06:42:36 PM
 #7747

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:)

Wow that's some bad karma to carry around.  I guess i understand your POV a little better now.
youngmike
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July 13, 2014, 06:42:55 PM
 #7748

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

Rollback must be done. I need my coins back!
IntroVert
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July 13, 2014, 06:43:54 PM
 #7749

Given that about 30% of total VRC have been stolen and that 51% of staking coins are sufficient to gain control of the blockchain, I would guess that it is a pretty high possibility that use of the stolen coins to fork the chain would be successful. So, I understand why the devs would roll back the chain, as the loss of control would likely be permanent otherwise.

Now, about the viability of BC clone PoS coins, you've just seen a major weakness in an attack that didn't cost a lot with regard to fiat currency spent to accomplish it. Investors should think long and hard about what happened here, this could be a death blow to this type of PoS...

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BitsAndPiecesOfEight
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July 13, 2014, 06:44:09 PM
 #7750

Anyone who may have been mining at http://pool.vericoin.info/ should probably re-point their miners to a pool that is actually mining since this pool appears to have been brought down as well.  I may have missed the notice that the official Vericoin in-house mining operations that mine other coins and then trade for Vericoin was also going to be shutdown, but some sort of notice would have been nice.

While I understand that new Vericoin payouts from the selling of other mined coins would necessarily be delayed until the Vericoin markets were enabled again and the profits converted to Vericoin, that should not prevent the profitable mining of the non-Vericoin coins thus abandoning the miners using your pool and leaving them mining a big heaping helping of "Jack Squat".

Is MP going to compensate for lost mining time due to their lack of basic security protocols?

How about an official notification that the miners at this pool are currently sucking air!
kpierce77
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July 13, 2014, 06:44:13 PM
 #7751

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.

Um, I don't think there's a vote.  I think the dev's already decided that this is what needs to be done.
SeDz
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July 13, 2014, 06:44:22 PM
 #7752

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

Vericoin and mintpal would be dead if they not rollback..
8m vrc is almost 2 milion dolars..
and who will buy a coin that a person owns 1/3 of their supply?
its the rollback or death

majeis
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July 13, 2014, 06:46:34 PM
 #7753

Anyone who may have been mining at http://pool.vericoin.info/ should probably re-point their miners to a pool that is actually mining since this pool appears to have been brought down as well.  I may have missed the notice that the official Vericoin in-house mining operations that mine other coins and then trade for Vericoin was also going to be shutdown, but some sort of notice would have been nice.

While I understand that new Vericoin payouts from the selling of other mined coins would necessarily be delayed until the Vericoin markets were enabled again and the profits converted to Vericoin, that should not prevent the profitable mining of the non-Vericoin coins thus abandoning the miners using your pool and leaving them mining a big heaping helping of "Jack Squat".

Is MP going to compensate for lost mining time due to their lack of basic security protocols?

How about an official notification that the miners at this pool are currently sucking air!

If you don't know how to setup a failover pool, then you suck at mining.


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DutchTrades
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July 13, 2014, 06:46:46 PM
 #7754

What happend with this coin?
samson
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July 13, 2014, 06:49:03 PM
 #7755

What happend with this coin?

It died during the night but someone is going to fix it with magic.
CryptoLTD
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July 13, 2014, 06:49:55 PM
 #7756

Remember, those coins on MP belonged to PEOPLE.. NOT MP.. this is a stand up move. Just dont use that exchange anymore.
blacky90
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July 13, 2014, 06:50:31 PM
 #7757

it is what it is... cryptocurrencies allways  remain a risk game Undecided
buy4crypto
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July 13, 2014, 06:50:34 PM
 #7758

Given that about 30% of total VRC have been stolen and that 51% of staking coins are sufficient to gain control of the blockchain, I would guess that it is a pretty high possibility that use of the stolen coins to fork the chain would be successful. So, I understand why the devs would roll back the chain, as the loss of control would likely be permanent otherwise.

Now, about the viability of BC clone PoS coins, you've just seen a major weakness in an attack that didn't cost a lot with regard to fiat currency spent to accomplish it. Investors should think long and hard about what happened here, this could be a death blow to this type of PoS...

Please read before you make false assumptions.

It was a MINTPAL issue, not a POS.


The hackers never minted a penny from what I seen, you need to mint to get any % attack.

Also, you think, YOU THINK, just maybe they moved them all to 1 wallet to scare you people who lack the thought process to decide something for yourself?

Is a reason they didn't withdraw, the fact that they moved them all to 1 wallet shows they wanted to effect peoples heads more than anything. You have all these people with conspirary theories now coming out of no where. That Mintpal hack may be a team of people, would it suprise you for them to attack the coin now since they couldn't steal any money? Maybe they are mad. You see people here who never posted all of a sudden really excited about FUD'in VRC.


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amesterdamer
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July 13, 2014, 06:51:31 PM
 #7759

youngmike
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July 13, 2014, 06:51:59 PM
 #7760

Remember, those coins on MP belonged to PEOPLE.. NOT MP.. this is a stand up move. Just dont use that exchange anymore.

I think trading other coins is perfectly safe there. We just need a chain rollback... Now I can have all my lost trading money back also  Smiley
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