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Question: Where would you prefer the VRC/VRM exchange pair be?
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Poloniex
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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1348518 times)
tigerwood0432
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July 13, 2014, 07:46:43 PM
 #7821

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 ?


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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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chunkyjunkie
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July 13, 2014, 07:47:44 PM
 #7822

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.  



LOL the fear of mp screwing up again or any other exchange or entity?  Yeah that has to do with vrc coin and devs?  Yeah not trying to encourage panic at all with statements that make zero sense... Funny.

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bitspender
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July 13, 2014, 07:48:06 PM
 #7823

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.

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July 13, 2014, 07:48:24 PM
 #7824

guys this why need a decentralized exchange somthing like this http://bithalo.org/
like NXT AE, you mean Wink
whereismysweater
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July 13, 2014, 07:48:46 PM
 #7825

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

I think the most interesting part of this entire situation has yet to develop. I think you are right about the rollback being the wrong decision. I hesitate to say what the right reaction to the theft would have been but i think decisions were made very quickly, and i'm not sure if i agree with the "authorities" who made them. I really thought that was the whole point of all of this. It is going to be/ has been interesting to watch the communities reaction to this. Personally, I hold VRC (and in the foreseeable future expect to) and i sometimes use mintpal, so i do have interest in the outcome.

Also, been visiting bitcointalk for some time but never wanted to be involved in a conversation until now. So yes, this is a new account, but no flak from me man.
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July 13, 2014, 07:49:08 PM
 #7826

guys this why need a decentralized exchange somthing like this http://bithalo.org/
like NXT AE, you mean Wink

heh I like the way you think.

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BitcoinPorn
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July 13, 2014, 07:49:29 PM
 #7827

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?

chunkyjunkie
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July 13, 2014, 07:50:13 PM
 #7828

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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criptix
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July 13, 2014, 07:50:41 PM
 #7829

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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July 13, 2014, 07:50:44 PM
 #7830

Just do hardfork to before "HACK" and that's it
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July 13, 2014, 07:53:12 PM
 #7831

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
 #7832

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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chunkyjunkie
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July 13, 2014, 07:54:11 PM
 #7833

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
 #7834

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
 #7835

And i'm not talking about this MintPal issue
tigerwood0432
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July 13, 2014, 07:56:32 PM
 #7836

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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FiniteByDesign
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July 13, 2014, 07:57:30 PM
 #7837

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
 #7838

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
 #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.

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July 13, 2014, 08:06:25 PM
 #7840


bullshit
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