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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1350926 times)
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July 14, 2014, 11:07:59 PM
 #9261

They're the Paypal of the alts. Every one of its services are centralized and require you to trust the developers to use. They even are talking about rolling out a wallet that allows you to load it directly with fiat. Sounds just like Paypal if you ask me.


Wrong, the whole cryptocommunity got burned on this one. How are people supposed to take Crypto seriously from now on. You guys just rolled back the clock and BAILED out the BIG BANK. Just like the FED would do!

This coin does have some buy support but I believe its just major holders giving a last ditch effort to get out at a respectful price. We'll see how the next week or 2 goes but I predict this coin will be:

DEAD in less then 4 weeks due to the MASSIVE INCOMPETENCE from the DEV team!

Apparently you don't understand that the root cause of this was Mintpal's poor security. At this point there is _nothing_ to suggest any shortcoming on the part of Vericoin or its team. That needs to be clearly understood by everyone. If you think otherwise you need to coherently explain yourself.

Vericoin helped pull the rug out from under the thieves' feet. And Mintpal is working to recompense everyone, not just at their exchange but at other exchanges handling Vericoin, so hopefully no one except the hacker loses in the end. Are you the thief? Seems like that is the only person who ought to be complaining and yelling about now.


I understand that mintpal is at fault but ....the issue is your VRC devs should not have stepped in and played Ben Bernanke (Federal Reserve) by bailing out VRC investors who had coins stolen from. It was not their place and their responsibility to fix the fuck up of a business using VRC.

What happens the next time VRC is stolen? Another roll back?

May as well use the traditional banking system or pay pal.
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July 14, 2014, 11:09:49 PM
 #9262

have the questions been answered

a) will this happen again next time a theft occures?
b) what is the threshold-amount?
c) also for private wallets or exchange-wallets only?

furthermore:

did Mintpal ever provide any proof?
If yes: what proof?
If no: wtf?

you just took their word for it and forked the chain. Without any proof. Really? Did you just do that?





Well I'm surprised some of those questions haven't already been answered mainly the one about did mintpal ever provide any proof?  I didn't have any VRC but I was looking into it for a while so I'm very interested to see what outcome this rollback/hack will have on the coin and other things.  Sorry for those that got burned.

Nobody got burned besides the hacker as of right now.

We need to let the cards fall where they may. Out of chaos, comes clarity.

If that truly was the case the devs would not have supported a rollback. I agree the cards need to fall and whatever comes of it comes of it.

But this is not the case...the devs stepped in in the exact same way a Central planner from a central bank would. your developers are not only developers they are the Ben Bernanke of VRC. lol

It isn't the dev's problem that mintpal is incompetent in their security practices.

So right! These sheep as I call em are solely focused on their own money and are failing to realize what's going on. Its obvious nobody is buying vrc on the exchanges. Zero new investors are flocking in. The press are barley covering this story but I have reached out to coindesk to see if they will write something about the deplorable actions these devs AKA Ben Bernanke's of vericoin have taken.

This coin is a joke, it's not a cryptocoin. Its the devs personal federal reserve!

Just a quick question for all the sheep out here. Do you guys really believe that any major real world vendor/payment processor will accept vrc if they know the devs can rollback at anytime! NEVER! This coin is a JOKE and dying as we speak!
 
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July 14, 2014, 11:12:48 PM
 #9263

So right! These sheep as I call em are solely focused on their own money and are failing to realize what's going on. Its obvious nobody is buying vrc on the exchanges. Zero new investors are flocking in. The press are barley covering this story but I have reached out to coindesk to see if they will write something about the deplorable actions these devs AKA Ben Bernanke's of vericoin have taken.

This coin is a joke, it's not a cryptocoin. Its the devs personal federal reserve!

Just a quick question for all the sheep out here. Do you guys really believe that any major real world vendor/payment processor will accept vrc if they know the devs can rollback at anytime! NEVER! This coin is a JOKE and dying as we speak!
 

Rolling back theft ,fraud and scam, my guess is they will love it, behond any other feature...
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July 14, 2014, 11:13:03 PM
 #9264

Calling VRC for what it is....is not FUD. It is pointing out the truth.

View it how you want. VRC is tarnished.

Only in the eyes of certain parties...namely the crypto decentralization purists. The truth is, to most random people (that would be the folks necessary to bring to crypto to ever make it 'mainstream'), Bitcoin is far more tarnished thanks to things like Silk Road and Gox than Vericoin will be by this. In the eyes of the everyday person, this will appear to many as being safer, knowing action can be taken to thwart a massive attack such as this.

While I normally give your serious commentary a fair bit of weight in the reading I do around here, I think that people who are viewing this occurrence in such a fashion are thinking too narrowly. For the average person, centralization and decentralization are not the black and white concepts they are viewed as here.

Occasionally, it is necessary to venture beyond the echo chamber of these forums to understand what still must come to pass before cryptocurrency can ever be a tool of the average Joe.

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July 14, 2014, 11:13:56 PM
 #9265

Calling VRC for what it is....is not FUD. It is pointing out the truth.

View it how you want. VRC is tarnished.

YOUR truth illustrates why most crypto will NEVER be accepted by the public. It's time that the crypto community get out of their mother's basements and join the REAL world. VeriCoin has done just that. VeriCoin is a REAL currency that has shown that it can be trusted, unlike 95% of the crap out there.

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July 14, 2014, 11:14:51 PM
 #9266

Can you please link me to where you read that?

They're the Paypal of the alts. Every one of its services are centralized and require you to trust the developers to use. They even are talking about rolling out a wallet that allows you to load it directly with fiat. Sounds just like Paypal if you ask me.


Wrong, the whole cryptocommunity got burned on this one. How are people supposed to take Crypto seriously from now on. You guys just rolled back the clock and BAILED out the BIG BANK. Just like the FED would do!

This coin does have some buy support but I believe its just major holders giving a last ditch effort to get out at a respectful price. We'll see how the next week or 2 goes but I predict this coin will be:

DEAD in less then 4 weeks due to the MASSIVE INCOMPETENCE from the DEV team!

Apparently you don't understand that the root cause of this was Mintpal's poor security. At this point there is _nothing_ to suggest any shortcoming on the part of Vericoin or its team. That needs to be clearly understood by everyone. If you think otherwise you need to coherently explain yourself.

Vericoin helped pull the rug out from under the thieves' feet. And Mintpal is working to recompense everyone, not just at their exchange but at other exchanges handling Vericoin, so hopefully no one except the hacker loses in the end. Are you the thief? Seems like that is the only person who ought to be complaining and yelling about now.


I understand that mintpal is at fault but ....the issue is your VRC devs should not have stepped in and played Ben Bernanke (Federal Reserve) by bailing out VRC investors who had coins stolen from. It was not their place and their responsibility to fix the fuck up of a business using VRC.

What happens the next time VRC is stolen? Another roll back?

May as well use the traditional banking system or pay pal.

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July 14, 2014, 11:15:33 PM
 #9267

Calling VRC for what it is....is not FUD. It is pointing out the truth.

View it how you want. VRC is tarnished.

YOUR truth illustrates why most crypto will NEVER be accepted by the public. It's time that the crypto community get out of their mother's basements and join the REAL world. VeriCoin has done just that. VeriCoin is a REAL currency that has shown that it can be trusted, unlike 95% of the crap out there.

Okay so I get it now...

Real world = Roll backs = Charge backs = Bank Bail outs....


Got it. THanks  Cheesy

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July 14, 2014, 11:15:45 PM
 #9268

Still no valid wallet out?
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July 14, 2014, 11:16:29 PM
 #9269

Still no valid wallet out?

its already out.
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July 14, 2014, 11:16:50 PM
 #9270

So right! These sheep as I call em are solely focused on their own money and are failing to realize what's going on. Its obvious nobody is buying vrc on the exchanges. Zero new investors are flocking in. The press are barley covering this story but I have reached out to coindesk to see if they will write something about the deplorable actions these devs AKA Ben Bernanke's of vericoin have taken.

This coin is a joke, it's not a cryptocoin. Its the devs personal federal reserve!

Just a quick question for all the sheep out here. Do you guys really believe that any major real world vendor/payment processor will accept vrc if they know the devs can rollback at anytime! NEVER! This coin is a JOKE and dying as we speak!
 

Rolling back theft ,fraud and scam, my guess is they will love it, behond any other feature...

The main stream systems already do this. How is VRC any different than the traditional banking system as it exists today?

My answer: It isn't. So why use VRC at all when you have the system already implemented world wide and controlled by the big banks?

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July 14, 2014, 11:19:04 PM
 #9271

Calling VRC for what it is....is not FUD. It is pointing out the truth.

View it how you want. VRC is tarnished.

Only in the eyes of certain parties...namely the crypto decentralization purists. The truth is, to most random people (that would be the folks necessary to bring to crypto to ever make it 'mainstream'), Bitcoin is far more tarnished thanks to things like Silk Road and Gox than Vericoin will be by this. In the eyes of the everyday person, this will appear to many as being safer, knowing action can be taken to thwart a massive attack such as this.

While I normally give your serious commentary a fair bit of weight in the reading I do around here, I think that people who are viewing this occurrence in such a fashion are thinking too narrowly. For the average person, centralization and decentralization are not the black and white concepts they are viewed as here.

Occasionally, it is necessary to venture beyond the echo chamber of these forums to understand what still must come to pass before cryptocurrency can ever be a tool of the average Joe.

Please answer to me how VRC will be viewed as "safer" when there can be rollbacks in the future?

Personally I wouldn't want to accept VRC for payment if there is the possibility of a rollback that could take my coins for goods or services I sold to another person.

Please tell me how VRC will be viewed as "safer" because of this new precedent?

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July 14, 2014, 11:19:49 PM
 #9272

if there only was proof provided but they forked the chain just because mintpal told them to do so.

i'll be coming back to this thread tomorrow and see if i have gotten answers to my very valid questions or just accusations.

a) will this happen again next time a theft occures?
b) what is the threshold-amount?
c) also for private wallets or exchange-wallets only?
d) did mintpal provide any proof? If yes, what proof?


i demand answers for this in the interest of the investors aswell.

a, no
b, -
c, -
d, Ask Mintpal, the community has heard nothing from them past the statements that I know of.

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July 14, 2014, 11:21:32 PM
 #9273

have the questions been answered

a) will this happen again next time a theft occures?
b) what is the threshold-amount?
c) also for private wallets or exchange-wallets only?

furthermore:

did Mintpal ever provide any proof?
If yes: what proof?
If no: wtf?

you just took their word for it and forked the chain. Without any proof. Really? Did you just do that?





Well I'm surprised some of those questions haven't already been answered mainly the one about did mintpal ever provide any proof?  I didn't have any VRC but I was looking into it for a while so I'm very interested to see what outcome this rollback/hack will have on the coin and other things.  Sorry for those that got burned.

Nobody got burned besides the hacker as of right now.

We need to let the cards fall where they may. Out of chaos, comes clarity.

If that truly was the case the devs would not have supported a rollback. I agree the cards need to fall and whatever comes of it comes of it.

But this is not the case...the devs stepped in in the exact same way a Central planner from a central bank would. your developers are not only developers they are the Ben Bernanke of VRC. lol

It isn't the dev's problem that mintpal is incompetent in their security practices.

So right! These sheep as I call em are solely focused on their own money and are failing to realize what's going on. Its obvious nobody is buying vrc on the exchanges. Zero new investors are flocking in. The press are barley covering this story but I have reached out to coindesk to see if they will write something about the deplorable actions these devs AKA Ben Bernanke's of vericoin have taken.

This coin is a joke, it's not a cryptocoin. Its the devs personal federal reserve!

Just a quick question for all the sheep out here. Do you guys really believe that any major real world vendor/payment processor will accept vrc if they know the devs can rollback at anytime! NEVER! This coin is a JOKE and dying as we speak!
 

Your a joke!! I hope you get robbed and NOTHING happens!! They were able to fix it and help the investor!! If you don't like what they did GTFO!! I will say it again GTFO!!!!! You condone theft!! I hope everything you have gets stolen and not one penny is returned! I really do!! How the FUCK dare you support someone stealing!! I get it crypto is supposed to NOT be regulated but you know what I can't go and shoot the person who did this without going to jail.  Who ever did this deserves punishment but it will NEVER happen. Let people steal right the crypto way!! Your REALLY going to appeal to the masses.  Invest your money but you may lose it because of scams and theft but its the next big thing.  What Vericoin Dev team did is heroic!  Ask the people who got FUCKED on Mtgox if they wish they could of recovered their bitcoin.  I'm sorry unlike you a loser in life who wants to see people suffer I am happy when good happens.  Unlike you if I see some one drop some money I return it because its the right thing to do.  You are just as bad as the person/people who did this you and who ever believe what the Vericoin team did was wrong are absolute SHIT.  Greed kills!! Boy I hope you suffer in life cause Karma is a bitch!
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July 14, 2014, 11:22:00 PM
 #9274

Smoothie, bobsurplus and others. What is your problem? Rather than crying and yelling the same thing over and over and over, why don't you just give it up??

You are not going to change anyone's minds here. The poll has been done, roughly 70% of people agree with the rollback. That's a significant majority, enough said.

If you don't agree with the actions taken here then that is up to you, nobody can take that away from you. So, just don't use vericoin if you don't like it.

Screaming federal reserve, bailout, centralized, bla bla blaaaaaaaaaa......

It's over.

By continuing this charade you just make yourselves look silly at best. At worst you make yourselves look like you really lost something from the rollback and are upset about it, unless you are involved with the hackers there is really nothing you could have lost from the rollback directly. Site you can Clark that this will destroy crypto etc etc and that hurts you inderectly, but that's a pretty big stretch. Nothing has changed in the crypto world, no prices crashing (that weren't already crashing), BTC price stable as normal, no harm done.

How about, if you are right and this creates a precedent which results on the downfall of crypto (which I highly doubt) THEN and only then might there be some justification for coming in here and screaming bloody murder and the devs and the rest of the Vericoin community that support the rollback..

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July 14, 2014, 11:22:10 PM
 #9275

So right! These sheep as I call em are solely focused on their own money and are failing to realize what's going on. Its obvious nobody is buying vrc on the exchanges. Zero new investors are flocking in. The press are barley covering this story but I have reached out to coindesk to see if they will write something about the deplorable actions these devs AKA Ben Bernanke's of vericoin have taken.

This coin is a joke, it's not a cryptocoin. Its the devs personal federal reserve!

Just a quick question for all the sheep out here. Do you guys really believe that any major real world vendor/payment processor will accept vrc if they know the devs can rollback at anytime! NEVER! This coin is a JOKE and dying as we speak!
 

Rolling back theft ,fraud and scam, my guess is they will love it, behond any other feature...

Not when it means that they can lose coins in a rollback. Oh sorry amazon, those coins spent in the last 2 weeks were stolen. Were gonna be taking them back now.. LMAO!

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July 14, 2014, 11:22:55 PM
 #9276

Don't have link on hand as I don't give a shit about this coin. I'm just trying to educate its bagholders what decentralization is supposed to mean.

As far as the new fiat loading, I saw that on a google hangout youtube of the devs. VeriSend is completely centralized, as is VeriBit and VeriSMS. If you google these you can find barely any info as they are all closed source. This coin has every redflag you look for especially when you look at how its network is secured.

Calling VRC for what it is....is not FUD. It is pointing out the truth.

View it how you want. VRC is tarnished.

Only in the eyes of certain parties...namely the crypto decentralization purists. The truth is, to most random people (that would be the folks necessary to bring to crypto to ever make it 'mainstream'), Bitcoin is far more tarnished thanks to things like Silk Road and Gox than Vericoin will be by this. In the eyes of the everyday person, this will appear to many as being safer, knowing action can be taken to thwart a massive attack such as this.

While I normally give your serious commentary a fair bit of weight in the reading I do around here, I think that people who are viewing this occurrence in such a fashion are thinking too narrowly. For the average person, centralization and decentralization are not the black and white concepts they are viewed as here.

Occasionally, it is necessary to venture beyond the echo chamber of these forums to understand what still must come to pass before cryptocurrency can ever be a tool of the average Joe.

Please answer to me how VRC will be viewed as "safer" when there can be rollbacks in the future?

Personally I wouldn't want to accept VRC for payment if there is the possibility of a rollback that could take my coins for goods or services I sold to another person.

Please tell me how VRC will be viewed as "safer" because of this new precedent?
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July 14, 2014, 11:23:25 PM
 #9277

Calling VRC for what it is....is not FUD. It is pointing out the truth.

View it how you want. VRC is tarnished.

YOUR truth illustrates why most crypto will NEVER be accepted by the public. It's time that the crypto community get out of their mother's basements and join the REAL world. VeriCoin has done just that. VeriCoin is a REAL currency that has shown that it can be trusted, unlike 95% of the crap out there.

Okay so I get it now...

Real world = Roll backs = Charge backs = Bank Bail outs....


Got it. THanks  Cheesy

Dumb fuck do you accept Bitcoin? Do you know Bitcoin forked and rolled back in 2010?? Do you? If you get robbed do you want to be helped or oh well? Fucking LOSER!!
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July 14, 2014, 11:28:03 PM
 #9278

So right! These sheep as I call em are solely focused on their own money and are failing to realize what's going on. Its obvious nobody is buying vrc on the exchanges. Zero new investors are flocking in. The press are barley covering this story but I have reached out to coindesk to see if they will write something about the deplorable actions these devs AKA Ben Bernanke's of vericoin have taken.

This coin is a joke, it's not a cryptocoin. Its the devs personal federal reserve!

Just a quick question for all the sheep out here. Do you guys really believe that any major real world vendor/payment processor will accept vrc if they know the devs can rollback at anytime! NEVER! This coin is a JOKE and dying as we speak!
 

Rolling back theft ,fraud and scam, my guess is they will love it, behond any other feature...

Not when it means that they can lose coins in a rollback. Oh sorry amazon, those coins spent in the last 2 weeks were stolen. Were gonna be taking them back now.. LMAO!



$4,000 was spent during the attacks that Mintpal pays back, as upposed to 2 million granted to thieves and another black eye for crypto.

I can't see why anyone, aside from the true criminals can think this is unjustifiable.

Good triumphs over evil today. Sorry for those hurt by the actions of our united community.

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████ - freecrypto.top - btcinfo.top - DIGITAL CURRENCY DIRECTORIES - freeMonero.comfunbtc.xyz  ████
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July 14, 2014, 11:29:39 PM
 #9279

have the questions been answered

a) will this happen again next time a theft occures?
b) what is the threshold-amount?
c) also for private wallets or exchange-wallets only?

furthermore:

did Mintpal ever provide any proof?
If yes: what proof?
If no: wtf?

you just took their word for it and forked the chain. Without any proof. Really? Did you just do that?





Well I'm surprised some of those questions haven't already been answered mainly the one about did mintpal ever provide any proof?  I didn't have any VRC but I was looking into it for a while so I'm very interested to see what outcome this rollback/hack will have on the coin and other things.  Sorry for those that got burned.

Nobody got burned besides the hacker as of right now.

We need to let the cards fall where they may. Out of chaos, comes clarity.

If that truly was the case the devs would not have supported a rollback. I agree the cards need to fall and whatever comes of it comes of it.

But this is not the case...the devs stepped in in the exact same way a Central planner from a central bank would. your developers are not only developers they are the Ben Bernanke of VRC. lol

It isn't the dev's problem that mintpal is incompetent in their security practices.

So right! These sheep as I call em are solely focused on their own money and are failing to realize what's going on. Its obvious nobody is buying vrc on the exchanges. Zero new investors are flocking in. The press are barley covering this story but I have reached out to coindesk to see if they will write something about the deplorable actions these devs AKA Ben Bernanke's of vericoin have taken.

This coin is a joke, it's not a cryptocoin. Its the devs personal federal reserve!

Just a quick question for all the sheep out here. Do you guys really believe that any major real world vendor/payment processor will accept vrc if they know the devs can rollback at anytime! NEVER! This coin is a JOKE and dying as we speak!
 

Your a joke!! I hope you get robbed and NOTHING happens!! They were able to fix it and help the investor!! If you don't like what they did GTFO!! I will say it again GTFO!!!!! You condone theft!! I hope everything you have gets stolen and not one penny is returned! I really do!! How the FUCK dare you support someone stealing!! I get it crypto is supposed to NOT be regulated but you know what I can't go and shoot the person who did this without going to jail.  Who ever did this deserves punishment but it will NEVER happen. Let people steal right the crypto way!! Your REALLY going to appeal to the masses.  Invest your money but you may lose it because of scams and theft but its the next big thing.  What Vericoin Dev team did is heroic!  Ask the people who got FUCKED on Mtgox if they wish they could of recovered their bitcoin.  I'm sorry unlike you a loser in life who wants to see people suffer I am happy when good happens.  Unlike you if I see some one drop some money I return it because its the right thing to do.  You are just as bad as the person/people who did this you and who ever believe what the Vericoin team did was wrong are absolute SHIT.  Greed kills!! Boy I hope you suffer in life cause Karma is a bitch!

Listen, first I think you may have a mental problem. Second. I dont really condone theft, although people do what they need to do to survive and I understand that.

Rolling back coins is also theft. I can assure you someone lost out in the rollback and wont ever be compensated.

What these devs did was anti-crypto and wont ever really be taken seriously again.
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July 14, 2014, 11:30:48 PM
 #9280

Yup so one did lose out https://twitter.com/fullhdpixel/status/488810060609748993/photo/1

have the questions been answered

a) will this happen again next time a theft occures?
b) what is the threshold-amount?
c) also for private wallets or exchange-wallets only?

furthermore:

did Mintpal ever provide any proof?
If yes: what proof?
If no: wtf?

you just took their word for it and forked the chain. Without any proof. Really? Did you just do that?





Well I'm surprised some of those questions haven't already been answered mainly the one about did mintpal ever provide any proof?  I didn't have any VRC but I was looking into it for a while so I'm very interested to see what outcome this rollback/hack will have on the coin and other things.  Sorry for those that got burned.

Nobody got burned besides the hacker as of right now.

We need to let the cards fall where they may. Out of chaos, comes clarity.

If that truly was the case the devs would not have supported a rollback. I agree the cards need to fall and whatever comes of it comes of it.

But this is not the case...the devs stepped in in the exact same way a Central planner from a central bank would. your developers are not only developers they are the Ben Bernanke of VRC. lol

It isn't the dev's problem that mintpal is incompetent in their security practices.

So right! These sheep as I call em are solely focused on their own money and are failing to realize what's going on. Its obvious nobody is buying vrc on the exchanges. Zero new investors are flocking in. The press are barley covering this story but I have reached out to coindesk to see if they will write something about the deplorable actions these devs AKA Ben Bernanke's of vericoin have taken.

This coin is a joke, it's not a cryptocoin. Its the devs personal federal reserve!

Just a quick question for all the sheep out here. Do you guys really believe that any major real world vendor/payment processor will accept vrc if they know the devs can rollback at anytime! NEVER! This coin is a JOKE and dying as we speak!
 

Your a joke!! I hope you get robbed and NOTHING happens!! They were able to fix it and help the investor!! If you don't like what they did GTFO!! I will say it again GTFO!!!!! You condone theft!! I hope everything you have gets stolen and not one penny is returned! I really do!! How the FUCK dare you support someone stealing!! I get it crypto is supposed to NOT be regulated but you know what I can't go and shoot the person who did this without going to jail.  Who ever did this deserves punishment but it will NEVER happen. Let people steal right the crypto way!! Your REALLY going to appeal to the masses.  Invest your money but you may lose it because of scams and theft but its the next big thing.  What Vericoin Dev team did is heroic!  Ask the people who got FUCKED on Mtgox if they wish they could of recovered their bitcoin.  I'm sorry unlike you a loser in life who wants to see people suffer I am happy when good happens.  Unlike you if I see some one drop some money I return it because its the right thing to do.  You are just as bad as the person/people who did this you and who ever believe what the Vericoin team did was wrong are absolute SHIT.  Greed kills!! Boy I hope you suffer in life cause Karma is a bitch!

Listen, first I think you may have a mental problem. Second. I dont really condone theft, although people do what they need to do to survive and I understand that.

Rolling back coins is also theft. I can assure you someone lost out in the rollback and wont ever be compensated.

What these devs did was anti-crypto and wont ever really be taken seriously again.
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