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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1349958 times)
phzi
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July 14, 2014, 08:40:10 AM
 #8641

Ok... seriously now people... this doesn't hurt crypto, and nor would no action.  It hurts VRC.

But, VRC is effectively dead in the water now, because the blockchain ledger can't be trusted.  And if you can't trust the ledger to not have mass blocks orphaned, the coin is as useful as dirt.

It hurts crypto because it sets a precedent. If VRC does recover from this then rolling back the blokchain becomes a valid course of action, and that road does not lead to good places.
Hardly... real networks are never going to rollback the blockchain for external non-technical reasons.  Propose this kind of action for BTC or LTC - the community would laugh for ages.

This simply proves that these infant clone coins cannot be trusted.

VRC - It's like paypal... your coins might get charged-back anytime at the an an exchange's whim!
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July 14, 2014, 08:40:56 AM
 #8642

Ok... seriously now people... this doesn't hurt crypto, and nor would no action.  It hurts VRC.

But, VRC is effectively dead in the water now, because the blockchain ledger can't be trusted.  And if you can't trust the ledger to not have mass blocks orphaned, the coin is as useful as dirt.

It hurts crypto because it sets a precedent. If VRC does recover from this then rolling back the blokchain becomes a valid course of action, and that road does not lead to good places.

Or VRC simply becomes a pariah in the crypto community for having done such an irresponsible and short-sighted thing.

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July 14, 2014, 08:41:25 AM
 #8643

I've just caught up with the forum threads and not sure that an average person/investor would have the time to go through all the arguments of the hard fork posted here.

If in any case, they would be reading up the official statements from the Vericoin Developers here:
http://www.vericoin.info/downloads/Statement.pdf

And the official statements from the Mintpal Exchange here:
https://support.mintpal.com/index.php?module=announce&sec=view&id=17

What an average person would probably pick up from this would be:
1. Mintpal's security has been breached and hacked, hence less trust & extra caution to use them in the future
2. Vericoin's developers have stepped up to help protect the coin as well as it's community and investors
3. Rules are made to be broken, and it's up to whether you would prefer Batman (one who breaks rules and steps up to do the right thing) or the Cold Ruthless Law that states that there is nothing that can be done against a theft as it is against all principles of how a crypto should be.

Common sense with the right morals/survival mindset > Cold-hard principles/rules

Just my sharing.
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July 14, 2014, 08:41:51 AM
 #8644

Funny how vested interest turns Crytpo into some kind of religion for some people.  

You can't even make one little critique without being accused for blasphemy (FUD).    Roll Eyes

If you really believe in VRC long term, you should be encouraging FUD so you can pick up more in the 0.0001's.  Shocked
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July 14, 2014, 08:42:19 AM
 #8645

Ok... seriously now people... this doesn't hurt crypto, and nor would no action.  It hurts VRC.

But, VRC is effectively dead in the water now, because the blockchain ledger can't be trusted.  And if you can't trust the ledger to not have mass blocks orphaned, the coin is as useful as dirt.

It hurts crypto because it sets a precedent. If VRC does recover from this then rolling back the blokchain becomes a valid course of action, and that road does not lead to good places.

Or VRC simply becomes a pariah in the crypto community for having done such an irresponsible and short-sighted thing.
This.  Bingo.  Exactly.
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July 14, 2014, 08:42:25 AM
 #8646


Price will tank to ATL and wither away and die slowly.

But you talk shit all the time, so i guess this message is also shit.

Why dont you look back at my post history before running your mouth. Each coin I proclaimed dead is either dead or dying.. All of them!
DCM EMC2 Harmony Crypt ect...

It's not talking shit if it's true.. you understand this right!
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July 14, 2014, 08:43:41 AM
 #8647

Ok... seriously now people... this doesn't hurt crypto, and nor would no action.  It hurts VRC.

But, VRC is effectively dead in the water now, because the blockchain ledger can't be trusted.  And if you can't trust the ledger to not have mass blocks orphaned, the coin is as useful as dirt.

It hurts crypto because it sets a precedent. If VRC does recover from this then rolling back the blokchain becomes a valid course of action, and that road does not lead to good places.

Or VRC simply becomes a pariah in the crypto community for having done such an irresponsible and short-sighted thing.

Not only VRC, the devs and maybe even mintpal. A lot of people put their reps on this!
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July 14, 2014, 08:44:58 AM
 #8648

Ok... seriously now people... this doesn't hurt crypto, and nor would no action.  It hurts VRC.

But, VRC is effectively dead in the water now, because the blockchain ledger can't be trusted.  And if you can't trust the ledger to not have mass blocks orphaned, the coin is as useful as dirt.



The most plausible explanation for today's events:
- MintPal fucked up with offline wallets or something similar
- MintPal lost access to or the private keys for the coins
- MintPal claims a hack with no proof
- "Stolen" coins just sit there, unmoved... ya right, they weren't stolen, they were lost.
- VRC devs come to MintPal's aid, alienate the intelegent parts of the crypto community, but somewhat save MintPal's face.

Later:
- VRC blockchain can't be trusted.
- VRC buy volume sinks to nothing.
- VRC network crumbles and slowly fades away.

Good theories.  

If the coins are stolen, they could be dumped anytime and I would grudgingly agree with a fork.  

If the private keys are indeed lost, this is a + for VRC and makes it even more scarce and I would disagree with a fork.

We need some proof of coins being stolen.
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July 14, 2014, 08:49:43 AM
 #8649

Ok... seriously now people... this doesn't hurt crypto, and nor would no action.  It hurts VRC.

But, VRC is effectively dead in the water now, because the blockchain ledger can't be trusted.  And if you can't trust the ledger to not have mass blocks orphaned, the coin is as useful as dirt.

It hurts crypto because it sets a precedent. If VRC does recover from this then rolling back the blokchain becomes a valid course of action, and that road does not lead to good places.
Hardly... real networks are never going to rollback the blockchain for external non-technical reasons.  Propose this kind of action for BTC or LTC - the community would laugh for ages.

This simply proves that these infant clone coins cannot be trusted.

VRC - It's like paypal... your coins might get charged-back anytime at the an an exchange's whim!

BULLSHIT! No hard fork will be done when the coin is used like it supposed to be. This hard fork isn't hurting anyone except the hacker (are you the one?). It also doesn't hurt the trust in the coin, but it is what the fudders would like to spread. Why? So they can pick up the coin in a technical way so they can earn money from it.

Most of the dickheads here are spreading shit because they want to see VRC bleeding. All those shitheads are not talking about MP their fault, but simply are crying like little babies about how it is going to hurt the crypto world. Well, babyshit, these kind of hacks are hurting the crypto world. Simple. Don't cry when devs are trying to do something against it, because you've simply asked for it. Action - reaction and if you really don't understand that part of the deal, stay of the deal.

Now, fok off.

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July 14, 2014, 08:50:38 AM
 #8650


Price will tank to ATL and wither away and die slowly.

But you talk shit all the time, so i guess this message is also shit.

Why dont you look back at my post history before running your mouth. Each coin I proclaimed dead is either dead or dying.. All of them!
DCM EMC2 Harmony Crypt ect...

It's not talking shit if it's true.. you understand this right!

You are talking shit simply because you are shit. You can't help it.

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July 14, 2014, 08:51:05 AM
 #8651

The hardfork is done and the wallets are available for download.

Here's the step-by-step on how to do the update.

1. Do the backup of the wallet.dat and vericoin.conf (if you have this file)
2. Delete all files in folder leaving only the two files mention above.
3. Download the bootstrap file from: http://vericoin.info/downloads/bootstrap.dat and put it together in the folder with the other 2 files.
4. Download the wallet from http://vericoin.info
5. Install the wallet
6. Run the wallet and wait for synchronization

-- If you don't have the vericoin.conf file you can make one using this:
irc=0
server=0
listen=1
checklevel=2
txindex=1
staking=1
connect=supernode.vericoin.info
connect=supernode2.vericoin.info
connect=supernode3.vericoin.info
connect=supernode4.vericoin.info
connect=supernode5.vericoin.info
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July 14, 2014, 08:51:53 AM
 #8652


Price will tank to ATL and wither away and die slowly.

But you talk shit all the time, so i guess this message is also shit.

Why dont you look back at my post history before running your mouth. Each coin I proclaimed dead is either dead or dying.. All of them!
DCM EMC2 Harmony Crypt ect...

It's not talking shit if it's true.. you understand this right!

You are talking shit simply because you are shit. You can't help it.

Guess so.... Enjoy your bagholding!
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July 14, 2014, 08:56:07 AM
 #8653



Can't you just use a normal font? I don't see anything special in the content of your posts that warrants them being bigger thane everyone else's.

Anyway the price of VRC is irrelevant. Even if this does benefit VRC short term, this whole debacle is going to damage cryto as a whole. I have yet to see anyone address this point and unless you have and only ever will invest invest in a single coin then this is something everyone should be concerned with. Stop being so short-sighted, or at least explain to me how I am wrong.

Big font type + spam posts = attention hungry.

The roll back will be VRC's down fall. Come back in a year and see where VRC is at.
Kinda like how Bitcoin's fork to eliminate 184billion bitcoins from the blockchain in 2010 caused Bitcoin's downfall, huh.  LMFAO dumbass!
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July 14, 2014, 08:58:18 AM
 #8654

Ok... seriously now people... this doesn't hurt crypto, and nor would no action.  It hurts VRC.

But, VRC is effectively dead in the water now, because the blockchain ledger can't be trusted.  And if you can't trust the ledger to not have mass blocks orphaned, the coin is as useful as dirt.

It hurts crypto because it sets a precedent. If VRC does recover from this then rolling back the blokchain becomes a valid course of action, and that road does not lead to good places.
Hardly... real networks are never going to rollback the blockchain for external non-technical reasons.  Propose this kind of action for BTC or LTC - the community would laugh for ages.

This simply proves that these infant clone coins cannot be trusted.

VRC - It's like paypal... your coins might get charged-back anytime at the an an exchange's whim!

BULLSHIT! No hard fork will be done when the coin is used like it supposed to be. This hard fork isn't hurting anyone except the hacker (are you the one?). It also doesn't hurt the trust in the coin, but it is what the fudders would like to spread. Why? So they can pick up the coin in a technical way so they can earn money from it
This isn't a hard fork... learn your terminology.

What about private sales using VRC?  I sold someone a bunch of gold bricks and they paid in VRC. Now I don't have my gold or my VRC. Get it?  This is horrible and hurts anyone that was actually using the coin...

It massively hurts trust in the coin.  If you can't see that, you don't understand the value of cryptocurrencies at all.
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July 14, 2014, 09:00:57 AM
 #8655

35.5k, Still no volume..

Looks like its dying to me!

How about all you supporters show your support an buy some.. LMAO..

HAHAHAH

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July 14, 2014, 09:01:10 AM
 #8656



Can't you just use a normal font? I don't see anything special in the content of your posts that warrants them being bigger thane everyone else's.

Anyway the price of VRC is irrelevant. Even if this does benefit VRC short term, this whole debacle is going to damage cryto as a whole. I have yet to see anyone address this point and unless you have and only ever will invest invest in a single coin then this is something everyone should be concerned with. Stop being so short-sighted, or at least explain to me how I am wrong.

Big font type + spam posts = attention hungry.

The roll back will be VRC's down fall. Come back in a year and see where VRC is at.
Kinda like how Bitcoin's fork to eliminate 184billion bitcoins from the blockchain in 2010 caused Bitcoin's downfall, huh.  LMFAO dumbass!

Please provide a link to your claim.

These are two different events. VRC is due to one business being incompetent.

The other is due to technological error. The fork then had to do with fixing the software...not fixing some failed exchange's mistakes.

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July 14, 2014, 09:02:00 AM
 #8657

No it's not. Not going to damage Vericoin. it's bullish..

The coin is young.. the Dev's still have control over it.. so how in the hell does that mean it is decentralized?? How? If the Dev can change the code, how does that mean it is decentralzed...answer it's not yet.. see OP and under phase 2..

If we had of been in a decentralized network.. and this happened, you'd be 100% right.. but we'Re not.. it was the right thing to happen.

Only one who got burned was the thief. MP will have to audit their security and practices.. which will result in a more secure platform.

It was stopped in time. Rolled back.. anything else missing in that time frame, MP will dig into their pockets and refund the losses... who loses??

Just the thief.. I can't believe you are all crying about this.

The next 24 hours are critical!
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July 14, 2014, 09:04:18 AM
 #8658

Refreshing to see developers like VRCs...talk about biting the fucking bullet and taking care of business while being called liars/thieves and dealing with just about every type of e-bullshit that exists. As unfortunate as this whole situation is, for me it has just reiterated my faith in the minds behind Vericoin and what they're capable of offering this community.

BTC   Cool   BTC
Yep. A lot of people complaining about VRC setting a "precedent". I guess they haven't noticed that setting a precedent has been the norm since out of the gate, which is what attracted everyone to begin with.

I would rather the thief keep the 8 million coins, he won them as far as I am concerned.
LoL you consider thieves to be winners.

And i'm sure you call yourself a "winner" as well.

I believe people care more about my beliefs then yours!
Belief implies that you don't know.

Trying to understand why you think people would care about what you don't know.

The hardfork is done and the wallets are available for download.

Here's the step-by-step on how to do the update.

1. Do the backup of the wallet.dat and vericoin.conf (if you have this file)
2. Delete all files in folder leaving only the two files mention above.
3. Download the bootstrap file from: http://vericoin.info/downloads/bootstrap.dat and put it together in the folder with the other 2 files.
4. Download the wallet from http://vericoin.info
5. Install the wallet
6. Run the wallet and wait for synchronization

-- If you don't have the vericoin.conf file you can make one using this:
irc=0
server=0
listen=1
checklevel=2
txindex=1
staking=1
connect=supernode.vericoin.info
connect=supernode2.vericoin.info
connect=supernode3.vericoin.info
connect=supernode4.vericoin.info
connect=supernode5.vericoin.info

Thanks.


whats the big fuss here? no one lost money... new wallets are working and staking... all we need now are the exchanges to open up
Since the hack itself failed to kill the coin the same group needs to yap it down as if their little voice has any influence.

Very much like neighbors with the little yapper dogs that just sit at the fenceline yapping the whole time they are outside. (LoL when they dig under the fence and got eaten by a bigger dog)

In all seriousness, if the VRC action really affects all other alts, why are they so weak?

vrc: VBL3M6EzwcYZWeuDpgjG9bDQzTKb4ydiDy
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July 14, 2014, 09:04:22 AM
 #8659

Kinda like how Bitcoin's fork to eliminate 184billion bitcoins from the blockchain in 2010 caused Bitcoin's downfall, huh.  LMFAO dumbass!
Sigh... this has been explained several times before, but I'll take pitty on your small mind and explain again.

Yes, Bitcoin has previously HARD-FORKED the coin and causes a fair number of block to be orphaned.  It was done because of a bug in the bitcoin code that allowed arbitrary block sizes (the 184million - not billion - case).  This is VASTLY different then what happened with VRC.

Bitcoin suffered an internal technical problem that needed to be resolved to maintain the integrity of the blockchain, and by the consent of miners, the faulty block was orphaned.  The key is that there was a HARD-FORK in the code which causes the prior blockchain to be incompatible with the new blockchain.

VRC did not hard-fork the coin, they rolled back the blockchain for arbitrary and external reasons.  The devs chose to effectively double spend and 51% their own network instead of allowing the blockchain to stand as a real.  No protocol change was made.  The fork was done for an external party and for external reasons.

This is a complete first - no crypto has done this before FOR GOOD REASON.  Not because they couldn't, because they WOULDN'T. And it destroys all faith in the VRC blockchain's orphan resistance.



TL/DR:  A protocol fork or "hard-fork" and a "blockchain rollback" are entirely different things.  Blockchain rollbacks are bad - VERY BAD... if you can't trust that a blockchain won't get rolled back, you can't trust the blockchain.  Hard-forks are a positive thing when they work effectively - they represent bug fixes or protocol advancements.
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July 14, 2014, 09:04:39 AM
 #8660

Ok... seriously now people... this doesn't hurt crypto, and nor would no action.  It hurts VRC.

But, VRC is effectively dead in the water now, because the blockchain ledger can't be trusted.  And if you can't trust the ledger to not have mass blocks orphaned, the coin is as useful as dirt.

It hurts crypto because it sets a precedent. If VRC does recover from this then rolling back the blokchain becomes a valid course of action, and that road does not lead to good places.
Hardly... real networks are never going to rollback the blockchain for external non-technical reasons.  Propose this kind of action for BTC or LTC - the community would laugh for ages.

This simply proves that these infant clone coins cannot be trusted.

VRC - It's like paypal... your coins might get charged-back anytime at the an an exchange's whim!

BULLSHIT! No hard fork will be done when the coin is used like it supposed to be. This hard fork isn't hurting anyone except the hacker (are you the one?). It also doesn't hurt the trust in the coin, but it is what the fudders would like to spread. Why? So they can pick up the coin in a technical way so they can earn money from it
This isn't a hard fork... learn your terminology.

What about private sales using VRC?  I sold someone a bunch of gold bricks and they paid in VRC. Now I don't have my gold or my VRC. Get it?  This is horrible and hurts anyone that was actually using the coin...

It massively hurts trust in the coin.  If you can't see that, you don't understand the value of cryptocurrencies at all.

Wait a minute.. what private sales in Vericoin?? You believing that this is anything more than 99.9999% speculation at this moment in time??
So.. people are using this coin for more than trade on exchanges??
I don't believe that for one second.. lukily it is this way and the rollback affects almost nobody. IMO = right thing to do. Damages nothing.

The next 24 hours are critical!
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