Bitcoin Forum
February 17, 2018, 07:55:22 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: Where would you prefer the VRC/VRM exchange pair be?
Bittrex
Poloniex
Both
Other

Pages: « 1 ... 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] 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 ... 964 »
  Print  
Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1347850 times)
IntroVert
Full Member
***
Offline Offline

Activity: 209
Merit: 100


View Profile
July 13, 2014, 07:01:17 PM
 #7781

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.



I think you might have misinterpreted what I said. The fact that 30% coins moved from a benevolent to a possibly malevolent actor(s) and that PoS is in effect is opening a lot of unwelcomed scenarios in case the devs do not rollback. So I understand why they have decided to do so. However, if PoW or PoW/PoS were in effect instead of pure PoS, the number of unwelcome scenarios would have been much less.

Support Sidehack's miner development. Send donations to:   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
1518897322
Hero Member
*
Offline Offline

Posts: 1518897322

View Profile Personal Message (Offline)

Ignore
1518897322
Reply with quote  #2

1518897322
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1518897322
Hero Member
*
Offline Offline

Posts: 1518897322

View Profile Personal Message (Offline)

Ignore
1518897322
Reply with quote  #2

1518897322
Report to moderator
abercrombie
Legendary
*
Offline Offline

Activity: 1150
Merit: 1000



View Profile
July 13, 2014, 07:02:10 PM
 #7782

Woah, saw the big drop on bitcoinwisdom charts and loaded up Mintpal to buy up cheap.  It's delisted!

Come here to see if fundamentals brought it down, seems all hell is breaking loose.   Shocked

CryptoLTD
Full Member
***
Offline Offline

Activity: 196
Merit: 100


View Profile
July 13, 2014, 07:03:32 PM
 #7783


Awsome!
mr_random
Hero Member
*****
Offline Offline

Activity: 882
Merit: 1000


View Profile
July 13, 2014, 07:05:06 PM
 #7784

Woah, saw the big drop on bitcoinwisdom charts and loaded up Mintpal to buy up cheap.  It's delisted!

Come here to see if fundamentals brought it down, seems all hell is breaking loose.   Shocked



I normally hate FUDders. But this was a pretty funny one I have to admit.
gustav
Hero Member
*****
Offline Offline

Activity: 602
Merit: 500


View Profile
July 13, 2014, 07:05:10 PM
 #7785

i don't buy mintpals story at all
Gizfreak
Legendary
*
Offline Offline

Activity: 1162
Merit: 1000


Allergic to false promises


View Profile
July 13, 2014, 07:06:52 PM
 #7786

Woah, saw the big drop on bitcoinwisdom charts and loaded up Mintpal to buy up cheap.  It's delisted!

Come here to see if fundamentals brought it down, seems all hell is breaking loose.   Shocked
Boring animated gif. Think of something new to decorate your fud :S
majeis
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


View Profile
July 13, 2014, 07:07:11 PM
 #7787

[stupid train image posted by abercrombie for the fifth time]

Hate to bump this stupid train image  Tongue

Yeah, I'm totally sure you hate bumping that.


▄▄▄████████▄▄▄
▄██████████████████▄
▄██████████████████████▄
██████████████████████████
████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
████████████████████████████
██████████████████████████
▀██████████████████████▀
▀██████████████████▀
▀▀▀████████▀▀▀
   ███████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
███████
BTC  ◉PLAY  ◉XMR  ◉DOGE  ◉STRAT  ◉ETH  ◉GRC  ◉LTC  ◉DASH  ◉PPC
     ▄▄██████████████▄▄
  ▄██████████████████████▄        █████
▄██████████████████████████▄      █████
████ ▄▄▄▄▄ ▄▄▄▄▄▄ ▄▄▄▄▄ ████     ▄██▀
████ █████ ██████ █████ ████    ▄██▀
████ █████ ██████ █████ ████    ██▀
████ █████ ██████ █████ ████    ██
████ ▀▀▀▀▀ ▀▀▀▀▀▀ ▀▀▀▀▀ ████ ▄██████▄
████████████████████████████ ████████
███████▀            ▀███████ ▀██████▀
█████▀                ▀█████
▀██████████████████████████▀
  ▀▀████████████████████▀▀ 
DICE           
BLACKJACK
PLINKO       
VIDEO POKER
ROULETTE     
LOTTO            
threecats
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
July 13, 2014, 07:07:21 PM
 #7788

really sad to see people from other coins coming in here and gloating. so childish, so unnecessary. y'all from vericoin have taken a big hit, i don't even own any but i wish ya luck.
stormia
Hero Member
*****
Offline Offline

Activity: 812
Merit: 1000


View Profile
July 13, 2014, 07:07:51 PM
 #7789

Woah, saw the big drop on bitcoinwisdom charts and loaded up Mintpal to buy up cheap.  It's delisted!

Come here to see if fundamentals brought it down, seems all hell is breaking loose.   Shocked



SOMEBODY DIED IN THAT TRAIN CRASH U KNOW!? HAVE SOME RESPECT Wink
blade87
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500


View Profile
July 13, 2014, 07:08:17 PM
 #7790

Come here to see if fundamentals brought it down, seems all hell is breaking loose.   Shocked

Yes, today we learned that centralized services, centralized ownership (1/3 being hot in Mintpal alone says everything) and centralized authority (rollback to save $2m worth of VRC that were most likely owned by VRC whales) just doesn't work in crypto. Decentralized is what makes crypto secure and VRC has absolutely none of that in any way shape or form.
Rekatan
Jr. Member
*
Offline Offline

Activity: 30
Merit: 0


View Profile
July 13, 2014, 07:08:23 PM
 #7791

This has the potential to ruin the coin or result in it coming back stronger than ever. We still hold the remaining 70% so as long as vericoin holders continue to be so active, we're just fine here. Also keep in mind that exchanges will definitely update to the new wallet, and quite a bit was being held in exchanges, so it's not quite as difficult as it appears to reach 51%.
stormia
Hero Member
*****
Offline Offline

Activity: 812
Merit: 1000


View Profile
July 13, 2014, 07:09:12 PM
 #7792

Sooo this kind of bad news to wake up to... Wish I hadn't bought more last night before going to bed, or I wish I had at least withdrawn them Sad
dandruff1138
Hero Member
*****
Offline Offline

Activity: 700
Merit: 501


1000% ROI Masternode Coin


View Profile WWW
July 13, 2014, 07:09:36 PM
 #7793

really sad to see people from other coins coming in here and gloating. so childish, so unnecessary. y'all from vericoin have taken a big hit, i don't even own any but i wish ya luck.

I do not own any Vericoin, but many coins I have been involved in have taken hits. Especially when I went all in on Silkcoin. So on that note, best of luck to everyone here.

            ▄▄██████████▄▄
        ▄▄██████████████████▄▄
      ▄███████████████████████▄
    ▄████████████████████████████▄
   ████████████████████████████████
  ██████████████████████████████████
 ██████████████████████████████████
█████████████████████████████████████
█████████████████████████████████████
██████████████████████████████████████
██████████████████████████████████████
██████████████████████████████████████
██████████████████████████████████████
 ███████████████████████████████████
  █████████████████████████████████
   ██████████████████████████████
    ▀████████████████████████████▀
      ▀███████████████████████▀
         ▀██████████████████▀▀
            ▀▀██████████▀▀
(.
.@75 c Stage 2.
)
███     WHITEPAPER      SLACK      ANN THREAD     ███
████     FACEBOOK      TWITTER      TELEGRAM     ████

▬▬▬  JOIN OUR ICO    From Nov 10th, 2017  ▬▬▬
stormia
Hero Member
*****
Offline Offline

Activity: 812
Merit: 1000


View Profile
July 13, 2014, 07:10:35 PM
 #7794

Come here to see if fundamentals brought it down, seems all hell is breaking loose.   Shocked

Yes, today we learned that centralized services, centralized ownership (1/3 being hot in Mintpal alone says everything) and centralized authority (rollback to save $2m worth of VRC that were most likely owned by VRC whales) just doesn't work in crypto. Decentralized is what makes crypto secure and VRC has absolutely none of that in any way shape or form.

blade87 stop being a dick, a lot of people here lost money. I remember when BC was stolen from cryptorush- I don't recall you being quite as dramatic when that happened...

VRC is just as decentralized as any other PoS coin.
youngmike
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250


View Profile
July 13, 2014, 07:11:24 PM
 #7795

As I understand VRC developers are now acting like a central bank to save big investors money. Veri Centralized.
blacky90
Full Member
***
Offline Offline

Activity: 132
Merit: 100

BTC


View Profile
July 13, 2014, 07:12:23 PM
 #7796

This has the potential to ruin the coin or result in it coming back stronger than ever. We still hold the remaining 70% so as long as vericoin holders continue to be so active, we're just fine here. Also keep in mind that exchanges will definitely update to the new wallet, and quite a bit was being held in exchanges, so it's not quite as difficult as it appears to reach 51%.


sorry but no one will buy a coin that a person owns 1/3 of their supply
surgexvb
Full Member
***
Offline Offline

Activity: 239
Merit: 100


View Profile
July 13, 2014, 07:14:57 PM
 #7797

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.
Kgman
Jr. Member
*
Offline Offline

Activity: 56
Merit: 0


View Profile
July 13, 2014, 07:17:00 PM
 #7798

If the Patrick and his Mintpal fanboy Dev was staking their coins then they wouldnt have to worry about fucking MINTPAL!! .......who knows if the hackers are gonna dump?Huh if not that 8 million less coins on the market meaning your investment is better off! Just like Bitcoin Smiley .........maybe the cops can find the hackers and auction off 8 million VRC
EtherCoin
Sr. Member
****
Offline Offline

Activity: 338
Merit: 255


View Profile
July 13, 2014, 07:18:21 PM
 #7799

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.
Unattainium
Jr. Member
*
Offline Offline

Activity: 56
Merit: 0


View Profile
July 13, 2014, 07:19:12 PM
 #7800

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
Pages: « 1 ... 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] 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 ... 964 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!