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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1349962 times)
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July 14, 2014, 02:37:27 AM
 #8141

Interesting to note that I was trading until the moment of the lockdown (which froze my last VRC transfer) yet it had no effect on the previous sales even minutes earlier. My sales were still valid and were transferred out of mintpal maybe an hour ago.

vrc: VBL3M6EzwcYZWeuDpgjG9bDQzTKb4ydiDy
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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July 14, 2014, 02:38:06 AM
 #8142

VERICOIN IS NOW CALLED           LOSERCOIN  .......LOSERS
I think you have to be 10 years or older to be on this forum. Cheesy

lol. +1

I think even at 10 I would have been to embarrassed to make a joke like this.
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July 14, 2014, 02:38:48 AM
 #8143

Then go and learn and read my and other´s previous posts. I am tired to repeat myself over and over again.

And I am annoyed to see people using buzzwords to distract readers. Maybe you should better try this centralization thing again.
What buzzwords?  It's a blockchain rollback.  It is not a hardfork...  I don't think anybody except you is trying to distract users.

A hardfork is when you create a branch of the network that is not compatible with the other branch - that's not happening here.  

VRC is proposing to roll back the blockchain and create a soft-fork starting at a previous block height.  The intent is then to essentially 51% attack the coin so that the rollback branch becomes a longer chain, therefore orphaning all the original blocks.

Having scrolled through your post history, I see nothing I can possibly learn from you.

Quote
Do this fork, and you have successfully 51% double spent your own network.
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July 14, 2014, 02:38:51 AM
 #8144

I'm sorry to the guys who lost coins, but you lost them because of Mintpal and they should reimburse you not the entire blockchain being forked. If Mintpal can't pay then the community shouldn't have trusted so many coins with one exchange. Isn't this a decentralized crypto coin? You can't become centralized when it's convenient to bail out an exchange because it's convenient.

Why not be Visa coin and allow chargebacks, and while you're at it have a Vericoin bank and offer Verinsurance

This coin is forever tainted, and this is a sad day for all alt coins. Mintpal is NOT too big to fail. Maybe we should fork the Bitcoin blockchain to bail out Mt. Gox and Mark Karplees  Undecided

+1, sad but true.



The point is theft could be prevented and was. If I told you there was a better way then letting someone steal confidence from the whole crypto system would you believe it?


It was done. The money will be returned and no thieves will be able to steal money from hundreds of individuals crypto accounts.

Its a matter of time before news picks up that a new crypto currency PREVENTED fraud and returned money to hundreds, if not thousands of investors with NO LOSS. and within 1 day? WHAT? I can't believe it! Oh, yeah I can, its Bitcoin? Wait, NOOOO its that new kid VERICOIN!!!


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July 14, 2014, 02:43:58 AM
 #8145

As soon as this story has a outcome that we can report on. You better believe I am going to every financial channel, and blogger I can find OUTSIDE crypto and going to talk ears off till people put this on the front page, believe it.


I have lots of valuable VeriCoin domains and few coins now, I will fight for this community as it has way to many people from the top down to the people taking in faucets that deserve it. Most coins would have been abandoned and Fudded out. You can Fud us, but you won't break us.


I love everyone involved in VeriCoin, even more today. Think, what doesn't break a good community, it brings them together, Maybe I am alone, but honestly, I am 100% commited to vericoin now, I was maybe 98% before today. Not anymore. All in.

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July 14, 2014, 02:44:23 AM
 #8146

 The intent is then to essentially 51% attack the coin so that the rollback branch becomes a longer chain, therefore orphaning all the original blocks.

Quote
A hardfork is when you create a branch of the network that is not compatible with the other branch - that's not happening here.  

So you are saying that they are NOT creating a branch of network that is incompatible with the other branch?

Dafuq?

vrc: VBL3M6EzwcYZWeuDpgjG9bDQzTKb4ydiDy
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July 14, 2014, 02:45:24 AM
 #8147

VeriCoin will hard fork to a checkpoint a few hours ago just before the attack on MintPal. MintPal has agreed to cover losses relating to the hack.

VeriCoin is fine, there are no vulnerabilities. We had to decide between hard forking prior to the attack or letting MintPal fall and the thief keeping the 8 million VRC that was stolen. We chose the option that we thought would be best for the coin.

We will be releasing a new wallet with a fix shortly.

If they are going to cover losses related to the hack why would Vericoin need to hard fork?

The hard fork you mentioned is a huge mistake. I, as a user, would never use Vericoin again because what is to stop the devs from doing this again in the future especially if someone sent coins from one party to another...that were supposedly irreversible? You have a big fucking problem on your hands.

I suggest you stay out of it and let everything play as it lay. Don't interject yourself into trying to fix a negligence on an exchange's part as now you would look scammy as well.

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July 14, 2014, 02:46:09 AM
 #8148

 The intent is then to essentially 51% attack the coin so that the rollback branch becomes a longer chain, therefore orphaning all the original blocks.

Quote
A hardfork is when you create a branch of the network that is not compatible with the other branch - that's not happening here.  

So you are saying that they are NOT creating a branch of network that is incompatible with the other branch?

Dafuq?
Correct - they are NOT creating a branch that is incompatible.  It's fully compatible on a protocol level.  There is no hard-fork.  They are rolling back the blockchain.

VeriCoin will hard fork to a checkpoint a few hours ago just before the attack on MintPal. MintPal has agreed to cover losses relating to the hack.

VeriCoin is fine, there are no vulnerabilities. We had to decide between hard forking prior to the attack or letting MintPal fall and the thief keeping the 8 million VRC that was stolen. We chose the option that we thought would be best for the coin.

We will be releasing a new wallet with a fix shortly.

If they are going to cover losses related to the hack why would Vericoin need to hard fork?

The hard fork you mentioned is a huge mistake. I, as a user, would never use Vericoin again because what is to stop the devs from doing this again in the future especially if someone sent coins from one party to another...that were supposedly irreversible? You have a big fucking problem on your hands.

I suggest you stay out of it and let everything play as it lay. Don't interject yourself into trying to fix a negligence on an exchange's part as now you would look scammy as well.
EXACTLY.
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July 14, 2014, 02:46:22 AM
 #8149

In your logic there should be no hardfork ever, because it is always a bailout.

If bitcoin hardforks for whatever reason, they do it to protect their coin. It is a centralized decision and they are bailing out themselves. If they would not hardfork, the coin would die. You are advocating this, so please demand it from the BTC-DEVs and the foundation.
You have a horrid sense of logic or understanding of crypto if that was your conclusion.  Hardforks are perfectly valid, specifically when a coin is developing - for security reason, or feature development.  But they should be very very carefully considered.

The key is that this VRC move isn't a hardfork, it is a blockchain rollback for external purposes that are totally unrelated to coin development.

And the BTC fork for that 184 million exploited coins was for development?  Yes I know you previously try to explain how that wasn't the same.  Facts are, someone illicitly grabbed a bunch of coins, and the community reacted to negate it.  No two scenarios are the same and must be resolved differently.  

Mr. Strawman, I hope you're not one of the thieves.   Butthurt because the community isn't going to let you become a millionaire and destroy the coin at the same time?  There's very little doubt the thieves, are here watching.  And I imagine their posts sound exactly like yours.
Regardless we will see if the fork really spells doom for vrc or crypto like you say.  Then everyone can join together and sing, Bye Bye, Miss American Pie.

I do own a few hundred vrc.  But its meh to me if I lost it.  This is a warning call for POS and especially Mintpal security(lucky bastiges).  But I'm enjoying, to the point of being giddy, that the crime was thwarted.  If this fork didn't work, I'd prefer they drop and delist the coin everywhere.  Rather than give the scumbags 1 satoshi.


"Hope and Change"  The infomercial slogan, that fooled a nation...  Twice
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July 14, 2014, 02:46:46 AM
 #8150

The future of crypto is not in the people that currently hold it. It's in the ones who will come and make it mainstream.

They will not see this as a taint upon the coin, but rather a disaster averted where other coins, including Bitcoin itself, left it's holders high and dry in the face of such odds.

This is the day that cryptocurrency starts to look 'safe' in the eyes of the masses. And it is the opinion of the masses yet to come, not the fudsters and 'purists' in this thread, that will be the driving force in the months and years to come.

You have witnessed something special today folks, mark my words.

And to the devs, congrats on a job well done.

UNCLOAK™ - Cyber Threat Detection Powered by EOS™
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tigerwood0432
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July 14, 2014, 02:47:35 AM
 #8151

I'm sorry to the guys who lost coins, but you lost them because of Mintpal and they should reimburse you not the entire blockchain being forked. If Mintpal can't pay then the community shouldn't have trusted so many coins with one exchange. Isn't this a decentralized crypto coin? You can't become centralized when it's convenient to bail out an exchange because it's convenient.

Why not be Visa coin and allow chargebacks, and while you're at it have a Vericoin bank and offer Verinsurance

This coin is forever tainted, and this is a sad day for all alt coins. Mintpal is NOT too big to fail. Maybe we should fork the Bitcoin blockchain to bail out Mt. Gox and Mark Karplees  Undecided

+1, sad but true.



The point is theft could be prevented and was. If I told you there was a better way then letting someone steal confidence from the whole crypto system would you believe it?


It was done. The money will be returned and no thieves will be able to steal money from hundreds of individuals crypto accounts.

Its a matter of time before news picks up that a new crypto currency PREVENTED fraud and returned money to hundreds, if not thousands of investors with NO LOSS. and within 1 day? WHAT? I can't believe it! Oh, yeah I can, its Bitcoin? Wait, NOOOO its that new kid VERICOIN!!!




+1 vericoin attack will go viral = already spread on twitter + facebbok = no one can ignore vrc now  . + tomorow all medias worldwide will relay the infos . TV , radio , newspaper , business magazines ...........etc VRC will be the new BTC Smiley So happy Smiley



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July 14, 2014, 02:49:08 AM
 #8152

Then go and learn and read my and other´s previous posts. I am tired to repeat myself over and over again.

And I am annoyed to see people using buzzwords to distract readers. Maybe you should better try this centralization thing again.
What buzzwords?  It's a blockchain rollback.  It is not a hardfork...  I don't think anybody except you is trying to distract users.

A hardfork is when you create a branch of the network that is not compatible with the other branch - that's not happening here.  

VRC is proposing to roll back the blockchain and create a soft-fork starting at a previous block height.  The intent is then to essentially 51% attack the coin so that the rollback branch becomes a longer chain, therefore orphaning all the original blocks.

Having scrolled through your post history, I see nothing I can possibly learn from you.

Quote
Do this fork, and you have successfully 51% double spent your own network.
Try harder, every hardfork can be described as a 51% attack on the competing chain. But only someone who wants to distract people will describe it the way you do it.

And now you are speaking of a softfork?

Don´t know what your quote is all about
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July 14, 2014, 02:49:24 AM
 #8153

The future of crypto is not in the people that currently hold it. It's in the ones who will come and make it mainstream.

They will not see this as a taint upon the coin, but rather a disaster averted where other coins, including Bitcoin itself, left it's holders high and dry in the face of such odds.

This is the day that cryptocurrency starts to look 'safe' in the eyes of the masses. And it is the opinion of the masses yet to come, not the fudsters and 'purists' in this thread, that will be the driving force in the months and years to come.

You have witnessed something special today folks, mark my words.

And to the devs, congrats on a job well done.

I am with you. Just a few more minutes, and once everything is smooth for a couple hours I am going to copy / paste a nice essay to as many news stations, bloggers as it takes to get this viral, I promise.

This is the day crypto will get more people who think its safe now, from the wild wild west of bitcoin where thieves win. NOT ANYMORE.

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July 14, 2014, 02:50:01 AM
 #8154

And the BTC fork for that 184 million exploited coins was for development?  Yes I know you previously try to explain how that wasn't the same.  Facts are, someone illicitly grabbed a bunch of coins, and the community reacted to negate it.  No two scenarios are the same and must be resolved differently.  
Nobody grabbed illicit coins... someone exploited a flaw to generate more coins then they should while mining a block.  It was a protocol level flaw in bitcoin that was fixed.  Yes, that was a development mistake, and a hardfork was necessary (the fix made the new blockchain incompatible with the old blockchain, and that 184million coin block was orphaned as a result).  The VRC action is totally different.  VRC IS NOT SUGGESTING A HARDFORK - the devs aren't fixing anything.  They are acting for benefit of an exchange and third party to the protocol.

Rolling-back a blockchain is unbelievably contrary to a decentralized ledger.  That, is the key.

Quote
A bookkeeper who "fudges" the books, has no place being trusted to keep the public ledger. Pressure is moot.
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July 14, 2014, 02:52:00 AM
 #8155

In other news....

Not directly VeriCoin specific, but on Crypto Coins in general, watch what sites you are reading your news from...

Trustworthy -
Coin Fire — http://coinfire.cf/
CoinDesk — http://www.coindesk.com/
The Crypto Crimson — http://cryptocrimson.com/

Probably Trustworthy - (marks sponsored articles)
CryptoCoinsNews — http://www.cryptocoinsnews.com/

Untrustworthy -
99bitcoins.com — http://99bitcoins.com/
CryptoArticles — http://www.cryptoarticles.com/
The Bitcoin News — http://TheBitcoinNews.co.uk
Crypto Articles — http://www.CryptoArticles.com
Bitcoin Views — http://BitcoinViews.com
Crypto Biz Magazine — http://CryptoBizMagazine.com
Coin Speaker — http://www.CoinSpeaker.com
Bitcoin Warrior — http://BitcoinWarrior.net
Bitcoinist — http://Bitcoinist.net
Coin Report — http://CoinReport.net


Full article @ Bitcoin News Sites & Dishonesty - The Chris Hansen Style Sting https://medium.com/@TomOnBTC/bitcoin-news-sites-dishonesty-29fee9d6e367

btcsnippers
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July 14, 2014, 02:53:48 AM
 #8156

The future of crypto is not in the people that currently hold it. It's in the ones who will come and make it mainstream.

They will not see this as a taint upon the coin, but rather a disaster averted where other coins, including Bitcoin itself, left it's holders high and dry in the face of such odds.

This is the day that cryptocurrency starts to look 'safe' in the eyes of the masses. And it is the opinion of the masses yet to come, not the fudsters and 'purists' in this thread, that will be the driving force in the months and years to come.

You have witnessed something special today folks, mark my words.

And to the devs, congrats on a job well done.

I am with you. Just a few more minutes, and once everything is smooth for a couple hours I am going to copy / paste a nice essay to as many news stations, bloggers as it takes to get this viral, I promise.

This is the day crypto will get more people who think its safe now, from the wild wild west of bitcoin where thieves win. NOT ANYMORE.

2 mln heist "rolled back" that might make some news channels.
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July 14, 2014, 02:54:26 AM
 #8157

Be sure to move your coins to Bittrex if you day trade. I would say get 2-3 exchanges going with some volume but that'll never happen so lets just stick with Bittrex.
Or don't keep coins on an exchange. Have you not learned anything by this?


+1 Don't keep your coin on any exchange , put in your wallet , and save your wallet 20 times in different places . Send to exchanges only when needed . It was a good lesson
Sometimes when you saw a good price to sell.But you have to wait for it transfered from wallet.When it is done.The price gone.

buy4crypto
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July 14, 2014, 02:55:15 AM
 #8158

The future of crypto is not in the people that currently hold it. It's in the ones who will come and make it mainstream.

They will not see this as a taint upon the coin, but rather a disaster averted where other coins, including Bitcoin itself, left it's holders high and dry in the face of such odds.

This is the day that cryptocurrency starts to look 'safe' in the eyes of the masses. And it is the opinion of the masses yet to come, not the fudsters and 'purists' in this thread, that will be the driving force in the months and years to come.

You have witnessed something special today folks, mark my words.

And to the devs, congrats on a job well done.

I am with you. Just a few more minutes, and once everything is smooth for a couple hours I am going to copy / paste a nice essay to as many news stations, bloggers as it takes to get this viral, I promise.

This is the day crypto will get more people who think its safe now, from the wild wild west of bitcoin where thieves win. NOT ANYMORE.

2 mln heist "rolled back" that might make some news channels.


It was a better outcome than past outcomes, and criminals get 0. Its really big headlines for finance, not crypto, FINANCE!

I am skipping crypto when I go promote this story, Im going to the big news and start from there, work my way down

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July 14, 2014, 02:55:34 AM
 #8159

I'm sorry to the guys who lost coins, but you lost them because of Mintpal and they should reimburse you not the entire blockchain being forked. If Mintpal can't pay then the community shouldn't have trusted so many coins with one exchange. Isn't this a decentralized crypto coin? You can't become centralized when it's convenient to bail out an exchange because it's convenient.

Why not be Visa coin and allow chargebacks, and while you're at it have a Vericoin bank and offer Verinsurance

This coin is forever tainted, and this is a sad day for all alt coins. Mintpal is NOT too big to fail. Maybe we should fork the Bitcoin blockchain to bail out Mt. Gox and Mark Karplees  Undecided

+1, sad but true.



The point is theft could be prevented and was. If I told you there was a better way then letting someone steal confidence from the whole crypto system would you believe it?


It was done. The money will be returned and no thieves will be able to steal money from hundreds of individuals crypto accounts.

Its a matter of time before news picks up that a new crypto currency PREVENTED fraud and returned money to hundreds, if not thousands of investors with NO LOSS. and within 1 day? WHAT? I can't believe it! Oh, yeah I can, its Bitcoin? Wait, NOOOO its that new kid VERICOIN!!!




+1 vericoin attack will go viral = already spread on twitter + facebbok = no one can ignore vrc now  . + tomorow all medias worldwide will relay the infos . TV , radio , newspaper , business magazines ...........etc VRC will be the new BTC Smiley So happy Smiley


TV, radio, newspapers? This is getting better than the uro thread the other day.

buy4crypto
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July 14, 2014, 02:56:35 AM
 #8160

I'm sorry to the guys who lost coins, but you lost them because of Mintpal and they should reimburse you not the entire blockchain being forked. If Mintpal can't pay then the community shouldn't have trusted so many coins with one exchange. Isn't this a decentralized crypto coin? You can't become centralized when it's convenient to bail out an exchange because it's convenient.

Why not be Visa coin and allow chargebacks, and while you're at it have a Vericoin bank and offer Verinsurance

This coin is forever tainted, and this is a sad day for all alt coins. Mintpal is NOT too big to fail. Maybe we should fork the Bitcoin blockchain to bail out Mt. Gox and Mark Karplees  Undecided

+1, sad but true.



The point is theft could be prevented and was. If I told you there was a better way then letting someone steal confidence from the whole crypto system would you believe it?


It was done. The money will be returned and no thieves will be able to steal money from hundreds of individuals crypto accounts.

Its a matter of time before news picks up that a new crypto currency PREVENTED fraud and returned money to hundreds, if not thousands of investors with NO LOSS. and within 1 day? WHAT? I can't believe it! Oh, yeah I can, its Bitcoin? Wait, NOOOO its that new kid VERICOIN!!!




+1 vericoin attack will go viral = already spread on twitter + facebbok = no one can ignore vrc now  . + tomorow all medias worldwide will relay the infos . TV , radio , newspaper , business magazines ...........etc VRC will be the new BTC Smiley So happy Smiley


TV, radio, newspapers? This is getting better than the uro thread the other day.

You see gox on the news ever? You don't think this is bigger news? Every other exchange story is, EXCHANGE HACKED, EVERYONE LOST MONEY.

Whats different about this one? Its a pretty big deal.

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