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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1349962 times)
stormia
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July 13, 2014, 07:07:51 PM
 #7781

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
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July 13, 2014, 07:08:17 PM
 #7782

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.
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July 13, 2014, 07:08:23 PM
 #7783

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
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July 13, 2014, 07:09:12 PM
 #7784

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 Wish I hadn't bought more last night before going to bed, or I wish I had at least withdrawn them Sad
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July 13, 2014, 07:09:36 PM
 #7785

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.

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stormia
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July 13, 2014, 07:10:35 PM
 #7786

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.
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July 13, 2014, 07:11:24 PM
 #7787

As I understand VRC developers are now acting like a central bank to save big investors money. Veri Centralized.
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July 13, 2014, 07:12:23 PM
 #7788

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
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July 13, 2014, 07:14:57 PM
 #7789

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.

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Kgman
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July 13, 2014, 07:17:00 PM
 #7790

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
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July 13, 2014, 07:18:21 PM
 #7791

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.
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July 13, 2014, 07:19:12 PM
 #7792

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
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July 13, 2014, 07:20:10 PM
 #7793

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.

Same for me bro


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kpierce77
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July 13, 2014, 07:22:05 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.

Well, no coin will be fully decentralized correct?  As long as people have their coins on an exchange and not staking in their wallet?

















































youngmike
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July 13, 2014, 07:22:20 PM
 #7795

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

But rollback is the only way to get our money back! Current situation 1/3 all coins owned by one entity is too centralized and dangerous!
majeis
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July 13, 2014, 07:22:28 PM
 #7796

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.


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youngmike
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July 13, 2014, 07:25:31 PM
 #7797

It seems that VRC PoS vulnerabilities are not fixed yet so attacks like this are possible.
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July 13, 2014, 07:28:30 PM
 #7798

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

Well, was this a VRC vulnerability issue or was it a Mintpal issue?

















































stormia
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July 13, 2014, 07:28:42 PM
 #7799

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

This wasn't a PoS vulnerability.. it was an attack on the exchange, an exchange vulnerability... read the doc released by the devs.
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July 13, 2014, 07:28:47 PM
 #7800

ETA on fork? What's an estimate when Mintpal will resume trading? Somewhere in the next few hours or not untill tomorrow orso?

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