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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1346484 times)
buy4crypto
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July 15, 2014, 12:10:06 AM
 #9321

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 etc. In a few years none of us will use credit cards as we know it. Maybe bitcoin or gold back 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?

You think you are the majority, or the minority? This is why VeriCoin will ZOOM right by bitcoin. Its people willing to use the technology for practical uses (VeriCoin) Verse Idealist (you)

And btw, I have every investment you have aside from Myriad. I think they are all great plays. But to think the world can't use the BLOCKCHAIN in other practical ways is ignorant, at best.

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July 15, 2014, 12:11:24 AM
 #9322


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.



Oh so you mean my taxes pay for it!

You really are a bright one aren't ya!

EDIT: http://www.forbes.com/sites/haydnshaughnessy/2011/03/24/solving-the-190-billion-annual-fraud-scam-more-on-jumio/

Its a bit old but I assume the numbers are the same or worse!
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July 15, 2014, 12:12:29 AM
 #9323

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.

Ty, look like it worked.

But i still have the issue with the mintpall wihdraw; coin are displayed as unconfirmed in the wallet but the incoming transaction isnt even showing in the ledger which is weird.

ps: it just updatde to "no more coin are showing at all :p"



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buy4crypto
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July 15, 2014, 12:14:04 AM
 #9324

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.

Ty, look like it worked.

But i still have the issue with the mintpall wihdraw; coin are displayed as unconfirmed in the wallet but the incoming transaction isnt even showing in the ledger which is weird.


We really need to hear more from mintpal. It would help bring clarity to the whole situation. As of now we are under Speculative attacks For saving Mintgox from destroying maybe not only VeriCoin, but perhaps Mintpal, and the dominoes would have rippled to many more currencies.

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████ - freecrypto.top - btcinfo.top - DIGITAL CURRENCY DIRECTORIES - freeMonero.comfunbtc.xyz  ████
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July 15, 2014, 12:14:26 AM
 #9325

I love and believe in crypto, so much so it's almost become my religion!

Here's your problem.

| Minexcoin A new era of payments

LINK TO ICO | LINK TO DISCUSSION
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July 15, 2014, 12:14:40 AM
 #9326

Wrong. If you look at the technicals what does VeriCoin offer that Paypal doesn't? VeriCoin's target users are required to "trust" a centralized service. Now who are you going to trust? Paypal or VeriCoin?

Only people bagholding this crapcoin were amatuers who are in it to make a quick buck and you just proved it by dreaming up somehow, someway VeriCoin will zoom past BTC. KEEP DREAMING  Tongue

Bitcoin in the likes will go mainstream when it's necessary simply because that it is the best freekmarket alternative to hyperinflated debt-based currencies.

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 etc. In a few years none of us will use credit cards as we know it. Maybe bitcoin or gold back 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?

You think you are the majority, or the minority? This is why VeriCoin will ZOOM right by bitcoin. Its people willing to use the technology for practical uses (VeriCoin) Verse Idealist (you)
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July 15, 2014, 12:16:58 AM
 #9327

Wrong. If you look at the technicals what does VeriCoin offer that Paypal doesn't. VeriCoin's target users are required to "trust" a centralized service. Now who are you going to trust? Paypal or VeriCoin?

Only people bagholding this crapcoin were amatuers who are in it to make a quick buck and you just proved it by dreaming up somehow, someway VeriCoin will zoom past BTC. KEEP DREAMING  Tongue

Bitcoin in the likes will go mainstream when it's necessary simply because that it is the best freekmarket alternative to hyperinflated debt-based currencies.

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 etc. In a few years none of us will use credit cards as we know it. Maybe bitcoin or gold back 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?

You think you are the majority, or the minority? This is why VeriCoin will ZOOM right by bitcoin. Its people willing to use the technology for practical uses (VeriCoin) Verse Idealist (you)

+100 grand.

These sheep are failing to see why crypto is even needed. I think most of these guys are so new here that they missed all the good insightful post from back in the day.
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July 15, 2014, 12:17:22 AM
 #9328

Wrong. If you look at the technicals what does VeriCoin offer that Paypal doesn't. VeriCoin's target users are required to "trust" a centralized service. Now who are you going to trust? Paypal or VeriCoin?

Only people bagholding this crapcoin were amatuers who are in it to make a quick buck and you just proved it by dreaming up somehow, someway VeriCoin will zoom past BTC. KEEP DREAMING  Tongue

Bitcoin in the likes will go mainstream when it's necessary simply because that it is the best freekmarket alternative to hyperinflated debt-based currencies.

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 etc. In a few years none of us will use credit cards as we know it. Maybe bitcoin or gold back 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?

You think you are the majority, or the minority? This is why VeriCoin will ZOOM right by bitcoin. Its people willing to use the technology for practical uses (VeriCoin) Verse Idealist (you)

Bitcoin is the gateway, things move so fast in this day in age. I bet you in 5 years you will say. "Man I remember Bitcoins, I thought I was gonna be rich" While the people who take the blockchain and make it practical are in the mansions.

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Bobsurplus
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July 15, 2014, 12:19:48 AM
 #9329

Wrong. If you look at the technicals what does VeriCoin offer that Paypal doesn't. VeriCoin's target users are required to "trust" a centralized service. Now who are you going to trust? Paypal or VeriCoin?

Only people bagholding this crapcoin were amatuers who are in it to make a quick buck and you just proved it by dreaming up somehow, someway VeriCoin will zoom past BTC. KEEP DREAMING  Tongue

Bitcoin in the likes will go mainstream when it's necessary simply because that it is the best freekmarket alternative to hyperinflated debt-based currencies.

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 etc. In a few years none of us will use credit cards as we know it. Maybe bitcoin or gold back 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?

You think you are the majority, or the minority? This is why VeriCoin will ZOOM right by bitcoin. Its people willing to use the technology for practical uses (VeriCoin) Verse Idealist (you)

Bitcoin is the gateway, things move so fast in this day in age. I bet you in 5 years you will say. "Man I remember Bitcoins, I thought I was gonna be rich" While the people who take the blockchain and make it practical are in the mansions.

Dont you get it. Everyone here here such as myself and smoothie are already rich and in the mansions!

Step your game up!
pb2014
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July 15, 2014, 12:24:41 AM
 #9330

Rolling back really damages the integrity of the blockchain..

Should have switched to a new coin, and let the exchanges convert 1 for 1

Veri2coin

EDIT: Probably both needed to happen in this case for Vericoin to succeed.  Roll back to before the theft, then freeze markets and exchange for new coin.


And die like Sat2 or Summercoin2?? No thanks

Y'all are already looking death in the eyes... It would have been the best way to retain integrity of the blockchain.  It will be interesting to see if the people defending this coin will hold or dump.  Next few days will tell.

I wish everyone the best of luck involved in this coin!

I'm actually hoping for a dump. This is a strong coin and its hugely undervalued. I'll be buying lots if it ever gets dumped.
neurorit
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July 15, 2014, 12:24:48 AM
 #9331

And you think VeriCoin using PoS will even last a few months?

Worst than this entire rollback thing is how this ordeal has highlighted how insecure a PoS coin really is.

10-30% of the coin supply is only need to perform a double-spend attack. Yeah I really want to trust such a network to store my value.

Wrong. If you look at the technicals what does VeriCoin offer that Paypal doesn't. VeriCoin's target users are required to "trust" a centralized service. Now who are you going to trust? Paypal or VeriCoin?

Only people bagholding this crapcoin were amatuers who are in it to make a quick buck and you just proved it by dreaming up somehow, someway VeriCoin will zoom past BTC. KEEP DREAMING  Tongue

Bitcoin in the likes will go mainstream when it's necessary simply because that it is the best freekmarket alternative to hyperinflated debt-based currencies.

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 etc. In a few years none of us will use credit cards as we know it. Maybe bitcoin or gold back 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?

You think you are the majority, or the minority? This is why VeriCoin will ZOOM right by bitcoin. Its people willing to use the technology for practical uses (VeriCoin) Verse Idealist (you)

Bitcoin is the gateway, things move so fast in this day in age. I bet you in 5 years you will say. "Man I remember Bitcoins, I thought I was gonna be rich" While the people who take the blockchain and make it practical are in the mansions.
sdmathis
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July 15, 2014, 12:27:22 AM
 #9332


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!

I've lost much more through Bitcoin fraud than I've ever lost due to credit card fraud. The credit cards that you despise so much are much safer than crypto. The closest cryptocoin that there is to being safe is VeriCoin because the devs have shown that they will take steps to thwart theft.

Isokoira
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July 15, 2014, 12:28:22 AM
 #9333

Wow, from all the FUD I was expecting a big drop in price for Vericoin but too bad, it's still on track and not going away.  Sorry for all the people that had hoped their tactics would work in trying to bring a good thing down.  Seems to be pretty stable on Bittrex side.  Too bad, so sad.  Looks like all you FUDDERS have to move onto some other coin.   Grin
neurorit
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July 15, 2014, 12:29:39 AM
 #9334

You're here to make money which is fine except you don't get it. It's people like you left holding heavy bags for no reason other than your own greed. The dynamic of the present markets feed off fools like you. Basically ppl in the know make a killing off people like you.


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!

I've lost much more through Bitcoin fraud than I've ever lost due to credit card fraud. The credit cards that you despise so much are much safer than crypto. The closest cryptocoin that there is to being safe is VeriCoin because the devs have shown that they will take steps to thwart theft.
Bobsurplus
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Making money since I was in the womb! @emc2whale


View Profile
July 15, 2014, 12:30:54 AM
 #9335


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!

I've lost much more through Bitcoin fraud than I've ever lost due to credit card fraud. The credit cards that you despise so much are much safer than crypto. The closest cryptocoin that there is to being safe is VeriCoin because the devs have shown that they will take steps to thwart theft.

If you lost bitcoins to btc fraud then you're a sucker. How much you lost will reveal how big of a sucker you are.

P.s. I have lost $1000's due to btc fraud but I knew each time when I made the purchase that I could have been throwing my money away.

Today those bitcins would be worth over 100K Sad

I still trust bitcoin more then credit cards!

VIVA LA BITCOIN
freedomno1
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July 15, 2014, 12:35:33 AM
 #9336

I guess Vericoin may be around a bit longer
I'll have to keep track of it when the trading resumes to see what happens
http://www.coindesk.com/bitcoin-protected-vericoin-stolen-mintpal-wallet-breach/
Zer0Sum
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July 15, 2014, 12:36:42 AM
 #9337


I do not own any VRC.

But this was a mature, correct response by an Elite Dev Team...
To a massive security breach affecting 30% of coins outstanding.

ONLY a coin that will be defended and managed like in this case...
Can possibly gain mainstream acceptance by serious merchants.

I'll bet smoothie's big bag of coins has part-time devs that specialize in excuses.

That said... WHY THE FUCK WAS 30% OF VRC IN A MINTPAL HOT WALLET???   

The whole problem of exchanges "owning" Customer coins needs to be changed...
There needs to be a protocol change = coins on exchange remain linked to Customer wallet...
There needs to be a NEW special class of "transfer"...
Your wallet would have an extra line that says "on exchange and segregated".
Fippy
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July 15, 2014, 12:39:41 AM
 #9338


If you lost bitcoins to btc fraud then you're a sucker. How much you lost will reveal how big of a sucker you are.

P.s. I have lost $1000's due to btc fraud but I knew each time when I made the purchase that I could have been throwing my money away.

Today those bitcins would be worth over 100K Sad

I still trust bitcoin more then credit cards!

VIVA LA BITCOIN


So...

All of this raving idiocy is coming from a self proclaimed idiot. All of a sudden, this whole thread just made absolutely perfect, crystal clear sense.

Hot damn, I love the internet.
Bobsurplus
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July 15, 2014, 12:43:23 AM
 #9339


If you lost bitcoins to btc fraud then you're a sucker. How much you lost will reveal how big of a sucker you are.

P.s. I have lost $1000's due to btc fraud but I knew each time when I made the purchase that I could have been throwing my money away.

Today those bitcins would be worth over 100K Sad

I still trust bitcoin more then credit cards!

VIVA LA BITCOIN


So...

All of this raving idiocy is coming from a self proclaimed idiot. All of a sudden, this whole thread just made absolutely perfect, crystal clear sense.

Hot damn, I love the internet.

I'm no idiot. I took a chance and it backfired on me. All when it came to mining. So what, I lost out and took a chance. At least I have the balls and bitcoins to back it up if I'm wrong. You love vericoin so much, I see about 10 btc available under 38K. Why dont you buy them up?
buy4crypto
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July 15, 2014, 12:52:57 AM
 #9340


I do not own any VRC.

But this was a mature, correct response by an Elite Dev Team...
To a massive security breach affecting 30% of coins outstanding.

ONLY a coin that will be defended and managed like in this case...
Can possibly gain mainstream acceptance by serious merchants.

I'll bet smoothie's big bag of coins has part-time devs that specialize in excuses.

That said... WHY THE FUCK WAS 30% OF VRC IN A MINTPAL HOT WALLET???   

The whole problem of exchanges "owning" Customer coins needs to be changed...
There needs to be a protocol change = coins on exchange remain linked to Customer wallet...
There needs to be a NEW special class of "transfer"...
Your wallet would have an extra line that says "on exchange and segregated".

This is what the conversation should be looking like in this thread.

A civil debate how to move crypto currency forward, and bring in a larger audience.

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