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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1346448 times)
neurorit
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July 14, 2014, 11:43:45 PM
 #9301

hehe  Grin nice words, thx

I've never cared about Vericoin before this incident.

I'm here to White Knight for everyone. M'lady *tips fedora*.


I agree. Hope Myriad continues to do well for you, friend.
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July 14, 2014, 11:44:40 PM
 #9302

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.

I think you can't be sure this won't happen again because of pos and other things. Next time 30% get stolen you'll do it again, i guarantee. You'll say again there would be no choice.
thank you anyways.
Well, i think it is save to say that a rollback with no actual proof from the exchange is a huge error from the devs. If this was repeated with other coins or this coin exchanges were basically in the position to do practically anything to a coin they wanted. They only need to make a call "we were hacked" and everything would be done how they wish without further investigation. This would be abused for sure.

Look at coinex, look at gox how Karpeles "finds" btc later, coinmarket.io, cryptorush. If you think you can trust exchanges you are mistaken. You can also not trust mintpal or any other exchange. To fork the chain without any proof was a pretty bad mistake in my estimate.

We have still a lot of questions about the "hack" because a lot of things don't add up there. Mintpal didn't even go into maintenance-mode when the "hack" happened. They also didn't provide any answers why no other coins were stolen when the hacker would clearly have had access to the other wallets aswell. Something very wrong here. I think it looks all pretty staged.

Good luck, i guess.

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July 14, 2014, 11:47:13 PM
 #9303

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.

I don't really condone theft tells me EVERYTHING about your character.  You have none!


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Flam
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July 14, 2014, 11:47:55 PM
 #9304

Why is v 1.3.3 showing as 1.3.2 ?

I dont know Flam, I am having same issue, someone said to make new folder, that it worked for them. I am still trying to figure this out

I guess sometimes it can take up to 30-60 mins to get through the boostrap

I mean the so called 1.3.3 install has the same tooltip showing once it is installed: 1.3.2. Thre is not 1.3.3 uploaded I guess.



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Bobsurplus
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July 14, 2014, 11:48:13 PM
 #9305

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?



And another fact is that merchants already carry inherent risks of a reversible transaction. It happens through consumer protection on credit cards, and can be written off as fraud. I would say that if you were to use the speculation of the threat of a rollback to a merchant, it is only fair to speculate that a merchant could seek recompense through a fraud write off that they could already do with any credit card transaction.

Yes, this rollback has some ominous undertones if it is specifically viewed in such a light...and I think many here are trying to make that out to be the only case. But I think at this point in time, if you truly weigh facts against facts, and speculation against speculation, this is still more likely to be favorably viewed by John Q Public.

Great so vericoin will be the coin of fraudsters worldwide. This whole crypto thing is about having control of your money. I for one wont ever use this coin. I know a bunch of others who feel the same way too. It's too risky when the devs pull this kind of stunt.

The fact is, it takes weeks/months/years to build a coin and its reputation but only seconds to disrtroy it. That the wonderful thing about crypto. Some die horrible deaths quick deaths and other die from cancer in a long drawn out way. Vericoin has terminal cancer!

*I'm not a doctor but I do play one on T.V.
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July 14, 2014, 11:49:02 PM
 #9306

Why is v 1.3.3 showing as 1.3.2 ?

I just downloaded it on my other computer 1.3.3 fine, Same location on my computer I had my wallet prior to everything I still get 1.3.2, weird.

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July 14, 2014, 11:50:03 PM
 #9307

 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!

Could you imagine, one minute if it's not too long for your brain, this little story :
Suppose VRC is used by a lot of people in the real life : they buy and sell goods...
One day, a crappy exchange is robbed and a few hours he ask the devs to do a rollback... Yeah, great, but in the meantime, a lot of people sold some goods/services for VRC... The rollback will cancelled all the payments, but the buyers will still have the goods/services...

Do you REALLY think rolling back the blockchain will be a good thing? Do you really that it won't kill the trust in the currency?
I your answer is yes... well... sell some VRC and buy some neurones...

Sorry for my bad english Smiley
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July 14, 2014, 11:51:42 PM
 #9308

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?



And another fact is that merchants already carry inherent risks of a reversible transaction. It happens through consumer protection on credit cards, and can be written off as fraud. I would say that if you were to use the speculation of the threat of a rollback to a merchant, it is only fair to speculate that a merchant could seek recompense through a fraud write off that they could already do with any credit card transaction.

Yes, this rollback has some ominous undertones if it is specifically viewed in such a light...and I think many here are trying to make that out to be the only case. But I think at this point in time, if you truly weigh facts against facts, and speculation against speculation, this is still more likely to be favorably viewed by John Q Public.

Great so vericoin will be the coin of fraudsters worldwide. This whole crypto thing is about having control of your money. I for one wont ever use this coin. I know a bunch of others who feel the same way too. It's too risky when the devs pull this kind of stunt.

The fact is, it takes weeks/months/years to build a coin and its reputation but only seconds to disrtroy it. That the wonderful thing about crypto. Some die horrible deaths quick deaths and other die from cancer in a long drawn out way. Vericoin has terminal cancer!

*I'm not a doctor but I do play one on T.V.

And some, lite bitcoin have grown from adversity. You can see clearly we have a different community, that isn't worried about doomsday decentralized, centralized!!! arguments. I think you will find that on your home boards more as most of you people coming here mad want to hide your money with anon features.

This coin will grow bigger than ever. Those of you who wish for crypto to stay underground will lose this fight. A new way of thinking is going to take over, one where theft and computer criminals aren't rewarded.

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July 14, 2014, 11:52:14 PM
 #9309



/r/Dogecoin showing some love on their front page right now -

Our very own /u/langer_hans gets a thank you from the Vericoin dev for helping out! Way to get another coin's back! Really impressed with the work everyone did on this!

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July 14, 2014, 11:53:41 PM
 #9310

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?



And another fact is that merchants already carry inherent risks of a reversible transaction. It happens through consumer protection on credit cards, and can be written off as fraud. I would say that if you were to use the speculation of the threat of a rollback to a merchant, it is only fair to speculate that a merchant could seek recompense through a fraud write off that they could already do with any credit card transaction.

Yes, this rollback has some ominous undertones if it is specifically viewed in such a light...and I think many here are trying to make that out to be the only case. But I think at this point in time, if you truly weigh facts against facts, and speculation against speculation, this is still more likely to be favorably viewed by John Q Public.

Great so vericoin will be the coin of fraudsters worldwide. This whole crypto thing is about having control of your money. I for one wont ever use this coin. I know a bunch of others who feel the same way too. It's too risky when the devs pull this kind of stunt.

The fact is, it takes weeks/months/years to build a coin and its reputation but only seconds to disrtroy it. That the wonderful thing about crypto. Some die horrible deaths quick deaths and other die from cancer in a long drawn out way. Vericoin has terminal cancer!

*I'm not a doctor but I do play one on T.V.

By your logic, then credit cards are the preferred tool of fraudsters worldwide. Ironically, it's not too far from the truth. Good thing no one trusts credit cards, amiright?

Do you even think about what you type before you type it, or are you having a seizure in close proximity to your PC and this is just the result?
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July 14, 2014, 11:54:04 PM
 #9311

Why is v 1.3.3 showing as 1.3.2 ?

I dont know Flam, I am having same issue, someone said to make new folder, that it worked for them. I am still trying to figure this out

I guess sometimes it can take up to 30-60 mins to get through the boostrap

Same thing happened to me at first. Then I tried uninstalling and reinstalling the wallet instead of just installing over the top of the old one, and that worked for me.

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July 14, 2014, 11:56:59 PM
 #9312


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.

You are condoning theft very clearly by trying your best to enable it! You and some of the others here have been so aggressively hostile to Vericoin's actions that it makes me wonder if you are all hackers and thieves, upset that one of your methods to steal crypto has been shut down. Mintpal is trying to make good for everyone affected, not just on their exchange but on others as well. Even if they are less than 100% effective in compensating innocents caught up in this they deserve some kudos. Better to be 1% wrong at the end of the day than 100% wrong.

I would like to see crypto complete the move to a decentralized status same as everyone else - but blindly adhering to this principle when it does clear harm is ideological fanaticism that serves an idea over and against the humans that really matter. Vericoin's devs are not going to magically morph into tyrannical central bankers (and if they do, then we will dump them.)

What are you talking about? I dont condone theft, it happens. It's not something I would do at this stage of my life but I have broken a law or two in my day and nobody's perfect. Not even you! Rolling back goes against crypto, its that simple. I'm not blindly adhering to anything I'm just trusting my gut that dealing with a dev team who will rollback at will is not a wise choice.

What about mintpal. Who's to say that if ever they're in a jam that they wont make up a story, move some coins, sell some, do whatever and then ask for a roll back because they have been hacked once again! They surely can do it and we all know the vrc devs will do anything that mintpal tells them to do!

I dont trust mintpal, do you?

All I'm saying is that making a move like rolling back a blockchain in order to recoup coins from a theft is like bailing out the big banks once again and I for one use crypto because I'm sick and tired of that kind of shit!
Bobsurplus
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July 14, 2014, 11:59:10 PM
 #9313

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?



And another fact is that merchants already carry inherent risks of a reversible transaction. It happens through consumer protection on credit cards, and can be written off as fraud. I would say that if you were to use the speculation of the threat of a rollback to a merchant, it is only fair to speculate that a merchant could seek recompense through a fraud write off that they could already do with any credit card transaction.

Yes, this rollback has some ominous undertones if it is specifically viewed in such a light...and I think many here are trying to make that out to be the only case. But I think at this point in time, if you truly weigh facts against facts, and speculation against speculation, this is still more likely to be favorably viewed by John Q Public.

Great so vericoin will be the coin of fraudsters worldwide. This whole crypto thing is about having control of your money. I for one wont ever use this coin. I know a bunch of others who feel the same way too. It's too risky when the devs pull this kind of stunt.

The fact is, it takes weeks/months/years to build a coin and its reputation but only seconds to disrtroy it. That the wonderful thing about crypto. Some die horrible deaths quick deaths and other die from cancer in a long drawn out way. Vericoin has terminal cancer!

*I'm not a doctor but I do play one on T.V.

By your logic, then credit cards are the preferred tool of fraudsters worldwide. Ironically, it's not too far from the truth. Good thing no one trusts credit cards, amiright?

Do you even think about what you type before you type it, or are you having a seizure in close proximity to your PC and this is just the result?

I dont trust CC, I dont take them.. Not personally or through paypal.

I know millions of others in the same boat and I know millions of people lose billions of dollars yearly due to credit card fraud.

Its ok. VERICOIN IS THE COIN OF FRAUDSTERS WORLDWIDE!

Please continue!
Flam
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July 15, 2014, 12:03:24 AM
 #9314

Why is v 1.3.3 showing as 1.3.2 ?

I dont know Flam, I am having same issue, someone said to make new folder, that it worked for them. I am still trying to figure this out

I guess sometimes it can take up to 30-60 mins to get through the boostrap

Same thing happened to me at first. Then I tried uninstalling and reinstalling the wallet instead of just installing over the top of the old one, and that worked for me.

I'm trying this



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BitcoinPorn
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July 15, 2014, 12:03:43 AM
 #9315

Here's the guy who lost the $4k in order to save the rest. https://twitter.com/fullhdpixel/status/488810060609748993

He needs compensation.



"In a statement, the MintPal team pledged to recoup all losses from the attack, including those from other exchanges who were impacted by the event"

http://www.coindesk.com/bitcoin-protected-vericoin-stolen-mintpal-wallet-breach/

buy4crypto
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July 15, 2014, 12:05:28 AM
 #9316

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?



And another fact is that merchants already carry inherent risks of a reversible transaction. It happens through consumer protection on credit cards, and can be written off as fraud. I would say that if you were to use the speculation of the threat of a rollback to a merchant, it is only fair to speculate that a merchant could seek recompense through a fraud write off that they could already do with any credit card transaction.

Yes, this rollback has some ominous undertones if it is specifically viewed in such a light...and I think many here are trying to make that out to be the only case. But I think at this point in time, if you truly weigh facts against facts, and speculation against speculation, this is still more likely to be favorably viewed by John Q Public.

Great so vericoin will be the coin of fraudsters worldwide. This whole crypto thing is about having control of your money. I for one wont ever use this coin. I know a bunch of others who feel the same way too. It's too risky when the devs pull this kind of stunt.

The fact is, it takes weeks/months/years to build a coin and its reputation but only seconds to disrtroy it. That the wonderful thing about crypto. Some die horrible deaths quick deaths and other die from cancer in a long drawn out way. Vericoin has terminal cancer!

*I'm not a doctor but I do play one on T.V.

By your logic, then credit cards are the preferred tool of fraudsters worldwide. Ironically, it's not too far from the truth. Good thing no one trusts credit cards, amiright?

Do you even think about what you type before you type it, or are you having a seizure in close proximity to your PC and this is just the result?

I dont trust CC, I dont take them.. Not personally or through paypal.

I know millions of others in the same boat and I know millions of people lose billions of dollars yearly due to credit card fraud.

Its ok. VERICOIN IS THE COIN OF FRAUDSTERS WORLDWIDE!

Please continue!

Pls tell me where you live, I dont know anyone without a credit card. You want to carry cash, how convenient is that. You a drug dealer? Why would you need so much cash. You like money thats been in a hookers butt or a cokeheads nose? Or is it the smell of those pennies that gets ya excited?

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buy4crypto
Sr. Member
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July 15, 2014, 12:06:56 AM
 #9317

Why is v 1.3.3 showing as 1.3.2 ?

I dont know Flam, I am having same issue, someone said to make new folder, that it worked for them. I am still trying to figure this out

I guess sometimes it can take up to 30-60 mins to get through the boostrap

Same thing happened to me at first. Then I tried uninstalling and reinstalling the wallet instead of just installing over the top of the old one, and that worked for me.

I'm trying this


I got it goin NP on a computer I had not turned on in a few days. I think my bootstrap file got corrupted somehow, my PC shut down during the boostrap download first. I have had issues since.

I hope the import works on the other PC when its finished downloading, gonna move the wallet file over.

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████ - freecrypto.top - btcinfo.top - DIGITAL CURRENCY DIRECTORIES - freeMonero.comfunbtc.xyz  ████
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neurorit
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July 15, 2014, 12:08:53 AM
 #9318

I don't have a credit card. But I have Bitcoins, Myriad and gold and silver. And guess what? I know others who choose not to have credit cards/banks accts etc. In a few years none of us will use credit cards as we know it. Maybe bitcoin or gold backed debit cards...

Wake up. debt = slavery http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/06/20140625_oomph.jpg

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?



And another fact is that merchants already carry inherent risks of a reversible transaction. It happens through consumer protection on credit cards, and can be written off as fraud. I would say that if you were to use the speculation of the threat of a rollback to a merchant, it is only fair to speculate that a merchant could seek recompense through a fraud write off that they could already do with any credit card transaction.

Yes, this rollback has some ominous undertones if it is specifically viewed in such a light...and I think many here are trying to make that out to be the only case. But I think at this point in time, if you truly weigh facts against facts, and speculation against speculation, this is still more likely to be favorably viewed by John Q Public.

Great so vericoin will be the coin of fraudsters worldwide. This whole crypto thing is about having control of your money. I for one wont ever use this coin. I know a bunch of others who feel the same way too. It's too risky when the devs pull this kind of stunt.

The fact is, it takes weeks/months/years to build a coin and its reputation but only seconds to disrtroy it. That the wonderful thing about crypto. Some die horrible deaths quick deaths and other die from cancer in a long drawn out way. Vericoin has terminal cancer!

*I'm not a doctor but I do play one on T.V.

By your logic, then credit cards are the preferred tool of fraudsters worldwide. Ironically, it's not too far from the truth. Good thing no one trusts credit cards, amiright?

Do you even think about what you type before you type it, or are you having a seizure in close proximity to your PC and this is just the result?

I dont trust CC, I dont take them.. Not personally or through paypal.

I know millions of others in the same boat and I know millions of people lose billions of dollars yearly due to credit card fraud.

Its ok. VERICOIN IS THE COIN OF FRAUDSTERS WORLDWIDE!

Please continue!

Pls tell me where you live, I dont know anyone without a credit card. You want to carry cash, how convenient is that. You a drug dealer? Why would you need so much cash. You like money thats been in a hookers butt or a cokeheads nose? Or is it the smell of those pennies that gets ya excited?
Bobsurplus
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July 15, 2014, 12:09:05 AM
 #9319

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?



And another fact is that merchants already carry inherent risks of a reversible transaction. It happens through consumer protection on credit cards, and can be written off as fraud. I would say that if you were to use the speculation of the threat of a rollback to a merchant, it is only fair to speculate that a merchant could seek recompense through a fraud write off that they could already do with any credit card transaction.

Yes, this rollback has some ominous undertones if it is specifically viewed in such a light...and I think many here are trying to make that out to be the only case. But I think at this point in time, if you truly weigh facts against facts, and speculation against speculation, this is still more likely to be favorably viewed by John Q Public.

Great so vericoin will be the coin of fraudsters worldwide. This whole crypto thing is about having control of your money. I for one wont ever use this coin. I know a bunch of others who feel the same way too. It's too risky when the devs pull this kind of stunt.

The fact is, it takes weeks/months/years to build a coin and its reputation but only seconds to disrtroy it. That the wonderful thing about crypto. Some die horrible deaths quick deaths and other die from cancer in a long drawn out way. Vericoin has terminal cancer!

*I'm not a doctor but I do play one on T.V.

By your logic, then credit cards are the preferred tool of fraudsters worldwide. Ironically, it's not too far from the truth. Good thing no one trusts credit cards, amiright?

Do you even think about what you type before you type it, or are you having a seizure in close proximity to your PC and this is just the result?

I dont trust CC, I dont take them.. Not personally or through paypal.

I know millions of others in the same boat and I know millions of people lose billions of dollars yearly due to credit card fraud.

Its ok. VERICOIN IS THE COIN OF FRAUDSTERS WORLDWIDE!

Please continue!

Pls tell me where you live, I dont know anyone without a credit card. You want to carry cash, how convenient is that. You a drug dealer? Why would you need so much cash. You like money thats been in a hookers butt or a cokeheads nose? Or is it the smell of those pennies that gets ya excited?

I live in Canada, I keep very little in fiat since 2012 and I have a credit card but only use it if I must, Like for checking into hotels while on vacation or for car rental. I would never accept CC for a purchase of anything at anytime. I don't sell drugs and I love and believe in crypto, so much so it's almost become my religion!

VRC devs are JOKES!
Fippy
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July 15, 2014, 12:09:11 AM
 #9320


I dont trust CC, I dont take them.. Not personally or through paypal.

I know millions of others in the same boat and I know millions of people lose billions of dollars yearly due to credit card fraud.

Its ok. VERICOIN IS THE COIN OF FRAUDSTERS WORLDWIDE!

Please continue!

Shortened for the poor folks who hate wading through all that copied text.

Well, your figures are off. Technically individual consumers loose very little providing they haven't made grievous security errors with regards to standard user agreement procedures. Most 'loss' is eaten by the government, if in fact anyone really 'eats' it. The reality is it is more absorbed than eaten, slight difference to the casual observer, substantial difference to the market.

And while you and people you know may not use credit cards, one quick glance and Visa or MasterCard's daily transaction volume is pretty much proof positive that you and your opinion, by a margin almost too silly to describe, are the minority.

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