[ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released

[drkman]

You fudding idiots, letting the hackers keep the 8m coins wouldve been much worse. It would have created a massive sell off, either from the hackers or the investors anticipating a sell off from the hackers. You guys really have nothing better to do but just keep on repeating the same nonesense for hours? Hey bobby, doesnt it kind of suck for other coins that the hackers stole VRC instead of any other coin? Obviously VRC is an established giant for that to happen. And its not going anywhere.

They took vrc because mintpal had weak security measures in place for vrc. The attackers tried to get btc and ltc but we denied as that security is beefeeer then vrc.

People only try to steal what is valuable.  that is why they went after Vericoin because they know it is a coin that will be worth more in the future.  They could have stolen cloak or some other trash coin but they went for VRC and BTC!

The thieves know a damn good coin when they see one!

[Casu]

You fudding idiots, letting the hackers keep the 8m coins wouldve been much worse. It would have created a massive sell off, either from the hackers or the investors anticipating a sell off from the hackers. You guys really have nothing better to do but just keep on repeating the same nonesense for hours? Hey bobby, doesnt it kind of suck for other coins that the hackers stole VRC instead of any other coin? Obviously VRC is an established giant for that to happen. And its not going anywhere.

They took vrc because mintpal had weak security measures in place for vrc. The attackers tried to get btc and ltc but we denied as that security is beefeeer then vrc.

People only try to steal what is valuable.  that is why they went after Vericoin because they know it is a coin that will be worth more in the future.  They could have stolen cloak or some other trash coin but they went for VRC and BTC!

The thieves know a damn good coin when they see one!

Yeah lol, I'm sure the thief was planning to hold long-term! Get a grip man.

[cryptodevil]

*Again* for those who are less educated about Bitcoin's history than they pretend to be:

https://twitter.com/pnosker/status/488469467467628544

[jtbcoins]

smooth https://www.youtube.com/watch?v=73tV6Qz02Ag

[smoothie]

You fudding idiots, letting the hackers keep the 8m coins wouldve been much worse. It would have created a massive sell off

You have no idea what you're talking about. You're prepared to compromise the core viability of a cryptocurrency just to keep the price up ?

There's about as much sense in that as deciding to take the wings off a plane to save weight.

You people are crazy. Forking the blockchain to reverse a hack is suicidal. It won't save the price - it will permanently taint the coin. If you think your getting a lot of fud over this now, wait till you see what happens when VRC gets branded as "monopoly money" that can be created and destroyed at the whim of the devs when they feel it.

You might be a sr member, but Im going to trust the devs judgement over yours, especially these devs. And dont underestimate the power of an 8m coin dump, it will undoubtedly kill the coin.

So be it. That is how the cards fall.

There are no do-overs. You may as well use the traditional banking system if you want that.

[smoothie]

it will be roll backed if it benefits the community and it's development behind it

How is crypto ever going to be taken seriously if this kind of arbitrary judgment is used for things like this. You think Amazon would accept VRC if there was a danger all their payments would be rolled back because "it benefits the community and it's development behind it"?

+100M VRC.

HAHAHA!

Self-serving bullshit. Funny joke though. VRC will never be accepted by mainstream businesses.

Noah Luis shut the fuck up

No. this is a public forum. I will post how I see fit. I'll also call things how they are.

[Casu]

*Again* for those who are less educated about Bitcoin's history than they pretend to be:

https://twitter.com/pnosker/status/488469467467628544

*Again* this is not the same thing in any way.

[SpiryGolden]

Article almost ready .


"The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively." - Vericoin has lost it's integrity in FULL !

[Bobsurplus]

Article almost ready .


"The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively." - Vericoin has lost it's integrity in FULL !

I'm preparing the popcorn as I type!

[smoothie]

*Again* for those who are less educated about Bitcoin's history than they pretend to be:

https://twitter.com/pnosker/status/488469467467628544

Developmental issue vs. Business Security Failure.

Worlds apart. Apples and oranges. lol

You have to remember that the issue you are referencing was in the infancy of the DEVELOPMENT of Bitcoin. Not some business fuck up.

There is a difference.

Edit: I love how you are trying to justify what happened today as legitimate by point the attention elsewhere (like Bitcoin's past), which is not something you can compare it with. Damage control always comes with diverting attention elsewhere. Nice try, but not working.

[BadAss.Sx]

Article almost ready .


"The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively." - Vericoin has lost it's integrity in FULL !

Your "site" is shit, smells like shit and is made by shit. So how come you think your article will be the one? It will only be read by shit. Total sum, it's all shit what's coming out of your body holes.

Good luck with article lol.

[adaseb]

You fudding idiots, letting the hackers keep the 8m coins wouldve been much worse. It would have created a massive sell off, either from the hackers or the investors anticipating a sell off from the hackers. You guys really have nothing better to do but just keep on repeating the same nonesense for hours? Hey bobby, doesnt it kind of suck for other coins that the hackers stole VRC instead of any other coin? Obviously VRC is an established giant for that to happen. And its not going anywhere.

They took vrc because mintpal had weak security measures in place for vrc. The attackers tried to get btc and ltc but we denied as that security is beefeeer then vrc.

People only try to steal what is valuable.  that is why they went after Vericoin because they know it is a coin that will be worth more in the future.  They could have stolen cloak or some other trash coin but they went for VRC and BTC!

The thieves know a damn good coin when they see one!

No, they stole it because Mintpal forgot to put it on cold storage.

It wasn't on cold storage due to the high volume

[Bobsurplus]

This coin, it's devs and mintpal are frauds! Cant trust anything from them anymore.

SCAM COIN, ROLLBACK SCAM, FEDERAL RESERVE!

[BadAss.Sx]

Ah not getting enough attention lol. You just look like a fool

[GridWorker]

I love how competitors are using the comparison to PayPal while simultaneously ignoring how hugely successful PayPal actually is.

[Bobsurplus]

Vericoin, the PayPal of cryptos


Yes, this "chargeback/rollback" bullshit is the same thing paypal would pull.

[smoothie]

I love how competitors are using the comparison to PayPal while simultaneously ignoring how hugely successful PayPal actually is.

Paypal is only successful because the powers that be allow it.

Vericoin has no backing of the federal reserve in terms of approval.

Paypal is a broken system.

[XbladeX]

Once the issue gets resolved and the devs and community come back to the thread, its going to be a fucking circus with all the fudders. See you later VRC thread, prob will be locked.

This ^ is what I see given what happened today with the rollback.

No rules just roll it back.

Future implications of roll backs need to be addressed. They devs said they will never do it again. I doubt that.

What if 30% gets stolen again?

What % is the cut off to be considered "roll-back" material? 10%? 20%?

maybe then developer will go true way of development POS.

Anyway solutions to 30% staking should be implemented already, if VRC is PPC>NOVA>BC fork
and whole situation of 30% coins is just smoke screen of saving Mintpal exchange.


Here source of info.
Issues/controversies ( http://coinwiki.info/en/Novacoin )
Stake generation issues

The main proof-of-stake design problem is that unlike proof-of-work hashing rate, stake weight could be used multiple times without any overhead. It allows potential attacker to repeat his attempts to generate consecutive stakes until he will get lucky enough. And there is high probability to success without holding large stake, 20–25% of total weight (not coins) will be more than enough. Attacker can retry his attempts to generate consecutive stakes 1,000, 50,000, or 1 million times without any problem, using the same outputs.[12][13]

This could be worked around using centralized check-pointing. Novacoin creators resolved this issue using balanced weighting scheme.[14]
Centralized check pointing
_______
(BC POS 2.0 make more to repel those kind of attacks too... )

[GridWorker]

Paypal is only successful because the powers that be allow it.

PayPal is successful because of demand.

Without demand you have what is common today, crypto that is good for laundering money and not much use in mainstream economy.

[smoothie]

Paypal is only successful because the powers that be allow it.

PayPal is successful because of demand.

Without demand you have what is common today, crypto that is good for laundering money and not much use in mainstream economy.

Paypal is popular because there is little alternative. That is why. Now Bitcoin comes along...watch paypal go the way of the dodo bird.