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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1349958 times)
BitcoinPorn
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July 13, 2014, 07:49:29 PM
 #7821

In light of recent events, I guess we can all call this a...

Coinspiracy?

aaaand I'm out.

 Cheesy http://instantrimshot.com/classic/?sound=rimshot  Cheesy




Is Cryptsy still allowing trading of VeriCoin?  https://www.cryptsy.com/markets/view/209





Also I was going to ask about this -

"FYI, if your coin is stored in the #VeriCoin wallet and has been since 2AM EST, this will not effect you at all. " - From @VeriCoin on Twitter

We will just be updating to the new wallet they release and pop in our old .dat file and all is well?

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chunkyjunkie
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July 13, 2014, 07:50:13 PM
 #7822

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

You don't understand either do you?  8 million coins, as a % of all staking coins,  would cause a 51% attack.  This all due to mintpal's failure.  It is what it is and vrc devs are proving themselves once again like always.

Then again maybe you do understand..... FUD...

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July 13, 2014, 07:50:41 PM
 #7823

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!

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Adapted
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July 13, 2014, 07:50:44 PM
 #7824

Just do hardfork to before "HACK" and that's it
szuwi
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July 13, 2014, 07:53:12 PM
 #7825

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.
tigerwood0432
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July 13, 2014, 07:53:45 PM
 #7826

This really isn't making sense... The thief stole so much of the coin that if he were to get away with it, the coin would be worthless... And the way he went about it made it impossible for him to dump any of it...

+1 nobody can run away with 30 % of the total value f a coin . How to sell 8 million coins without being caught ? . How to transfer it ? where to transfer it ?

Just keep it and sell bit by bit.

But where to keep it ? outside wallet ? 8 million coins transfered to an adress ? don't you think that 8 million coins (30 % of the total value can be tracked ? whatever adress it goes ? Smiley


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CryptoPay


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chunkyjunkie
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July 13, 2014, 07:54:11 PM
 #7827

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

you need a better understanding....

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July 13, 2014, 07:54:15 PM
 #7828

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.
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July 13, 2014, 07:56:21 PM
 #7829

And i'm not talking about this MintPal issue
tigerwood0432
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July 13, 2014, 07:56:32 PM
 #7830

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 .



▄███████████████████████████████████████████▄
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CryptoPay


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FiniteByDesign
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July 13, 2014, 07:57:30 PM
 #7831

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.


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July 13, 2014, 07:57:58 PM
 #7832

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  Roll Eyes

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

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chunkyjunkie
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July 13, 2014, 07:58:09 PM
 #7833

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.

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July 13, 2014, 08:06:25 PM
 #7834


bullshit

● sgamepro ●   ❐ Telegram ❐   ❐ Whitepaper ❐     ● sgamepro ●
███   PLAY MOBILE GAMES MINE   ███
██████     CRYPTO-TOKENS EARN REAL MONEY ██████
szuwi
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July 13, 2014, 08:06:42 PM
 #7835

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...
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July 13, 2014, 08:06:51 PM
 #7836

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 Smiley

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.
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July 13, 2014, 08:11:15 PM
 #7837

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
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July 13, 2014, 08:11:41 PM
 #7838

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...........






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CryptoPay


  GET IT NOW
chunkyjunkie
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July 13, 2014, 08:13:29 PM
 #7839

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...

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July 13, 2014, 08:20:14 PM
 #7840


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.

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