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Question: Where would you prefer the VRC/VRM exchange pair be?
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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1346528 times)
kpierce77
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July 13, 2014, 06:32:47 PM
 #7741

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

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blacky90
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July 13, 2014, 06:33:10 PM
 #7742

I feel so sorry for the people who are lost all ther vericoin Cry
surestrike
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July 13, 2014, 06:34:24 PM
 #7743

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.  

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July 13, 2014, 06:34:30 PM
 #7744

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

DEV!!! CHAIN ROLLBACK MUST BE DONE!!!
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July 13, 2014, 06:34:58 PM
 #7745

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
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July 13, 2014, 06:35:19 PM
 #7746

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

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?

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July 13, 2014, 06:37:11 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:)

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July 13, 2014, 06:37:37 PM
 #7748

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

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July 13, 2014, 06:38:11 PM
 #7749

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.
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July 13, 2014, 06:39:15 PM
 #7750

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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July 13, 2014, 06:39:52 PM
 #7751

Why the fuck did Mintpal have 8M vericoin in their hot wallet ?
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July 13, 2014, 06:40:01 PM
 #7752

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
 #7753

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

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July 13, 2014, 06:40:37 PM
 #7754

The rollback is not for saving the exchange, its is for saving vericoin. Mintpal is already compromised
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July 13, 2014, 06:42:20 PM
 #7755

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.

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defier
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July 13, 2014, 06:42:36 PM
 #7756

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.
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July 13, 2014, 06:42:55 PM
 #7757

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!
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July 13, 2014, 06:43:54 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...

Support Sidehack's miner development. Send donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
BitsAndPiecesOfEight
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July 13, 2014, 06:44:09 PM
 #7759

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!
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July 13, 2014, 06:44:13 PM
 #7760

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.

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