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Question: Where would you prefer the VRC/VRM exchange pair be?
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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1347503 times)
amirmass
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July 15, 2014, 03:23:09 AM
 #9381

FUD is over..
26 btc buy today, the chinese dude still in, whales bought all the way up to 42 last week, people are staking coins out off exchanges, chart looks healthy
  expect a new high in vrc today or tomorrow, then 300k in 3 weeks
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July 15, 2014, 03:27:10 AM
 #9382

FUD is over..
26 btc buy today, the chinese dude still in, whales bought all the way up to 42 last week, people are staking coins out off exchanges, chart looks healthy
  expect a new high in vrc today or tomorrow, then 300k in 3 weeks

LMAO.. This coin is a joke!
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July 15, 2014, 03:27:35 AM
 #9383

I am a simple "mum/dad investor" and as far as I am concerned, the Devs have done an excellent job in protecting the integrity of the coins. For VRCs to be seen as a coin that we can trust by the wider community, we need to see that these fuckwit criminals can't just get away with stealing people's hard earned investments going forward...

I understand that the main reason of the rollback was to protect against the potential 51% attack and I am NOT condoning the actions of Mintpal.They should be held accountable. Those of you who've transacted after/between/during the fork should be reimbursed/honoured by Mintpal at their own expenses i.e. if they want to regain people's trust. The decision to rollback was also done with the major consent of the community (I believe 70% supported the rollback) so those of you who are FUDDING because you have nothing else better to do, perhaps its time to move on. If you have lost some coins then please take it up with MP otherwise SHUT DA FUCK UP!

Well put!

neurorit
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July 15, 2014, 03:28:55 AM
 #9384

Well since you're a mum/dad investor maybe you should invest into Paypal instead of the Paypal of the alt world. If you're going to use a platform that requires trust wouldn't you rather it be insured and have years proving they're trust worthy?

Every service VeriCoin offers is taking a shortcut as far as crypto is concerned. Closed source, cenrtralized. VeriSMS = centralized  VeriBit = centralized  VeriSend = centralized.

Centralized means it has a central point of failure which is the opposite of what a trustless distributed system aims to accomplish.

VeriCoin should stop calling itself a decentralized cryptocurrency and register as corporation and sell stocks because that's essentially how they're operating. And you think you can trust them when scams are so rampant in this space?

I'm not fudding. I'm trying to educate.

Another thing since you're saying you're simple, as if to give yourself an excuse to not do your due diligence.

PoS coins used the way this coin is being used is extremely insecure. 30% all on one wallet is worse than Ghash.Io having more 50% of bitcoins hashrate. It's not wise to store value on such a weak network. That's not fud, that is common sense.

I am a simple "mum/dad investor" and as far as I am concerned, the Devs have done an excellent job in protecting the integrity of the coins. For VRCs to be seen as a coin that we can trust by the wider community, we need to see that these fuckwit criminals can't just get away with stealing people's hard earned investments going forward...

I understand that the main reason of the rollback was to protect against the potential 51% attack and I am NOT condoning the actions of Mintpal.They should be held accountable. Those of you who've transacted after/between/during the fork should be reimbursed/honoured by Mintpal at their own expenses i.e. if they want to regain people's trust. The decision to rollback was also done with the major consent of the community (I believe 70% supported the rollback) so those of you who are FUDDING because you have nothing else better to do, perhaps its time to move on. If you have lost some coins then please take it up with MP otherwise SHUT DA FUCK UP!
BitcoinPorn
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July 15, 2014, 03:31:43 AM
 #9385

If you look at the history chart for VRC's staking power network-wide, there was a massive drop off of millions in weight when the hack is claimed to have happened. They didn't stake, my ass. Also, the coins were wild out of Mintpal's control for over 10 hours, exchanges were not frozen - yet they sat at the same two withdrawal addresses and did not move at all, and the fork was done the next day. What hacker do you know that wouldn't sell a single coin after stealing it? Mintpal is full of shit. This all looks much more like they lost the coins somehow, perhaps by transferring to an inaccessible address, or overwriting files they shouldn'tve - something. If they lost $2 mil USD, they were facing UK prison - so they tell the VRC devs they got hacked, Nosker is pressured to save his network against the possibility of a single majority-staker, and the userbase for both VRC and Mintpal get to scratch their heads over what the real story is behind all the shadows and bullshit.

One thing is for sure, Mintpal failed due to negligence and/or incompetence, and they're being less than honest about the details of the issue and how they operate their business. Nosker's hand was a bit forced to save his coin, considering the circumstances - but one can't help but wonder what he knew. His argument about throwing up massive sell walls on the exchanges to "help investors" doesn't make much sense to me. Wouldn't he want BTC walls to prevent the price crashing? Seems odd. Anyway, fuck Mintpal, and shame VRC got dragged into it.

Interesting theories.  I agree about the coins not being moved after being stolen is fishy as all hell.

tigerwood0432
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July 15, 2014, 03:32:11 AM
 #9386

FUD is over..
26 btc buy today, the chinese dude still in, whales bought all the way up to 42 last week, people are staking coins out off exchanges, chart looks healthy
  expect a new high in vrc today or tomorrow, then 300k in 3 weeks

300 k in less than 3 weeks , see 13 million coins are staking : vrcstake.ticonerd.com = and people continue to download vrc wallet (for example , i just downloaded vrc wallet and will stake my 80K vrc) . HUGE investors  on cryptsy are sync their wallet to stake . = tomorow 100K vrc Smiley


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bigc1984
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July 15, 2014, 03:43:05 AM
 #9387

If you look at the history chart for VRC's staking power network-wide, there was a massive drop off of millions in weight when the hack is claimed to have happened. They didn't stake, my ass. Also, the coins were wild out of Mintpal's control for over 10 hours, exchanges were not frozen - yet they sat at the same two withdrawal addresses and did not move at all, and the fork was done the next day. What hacker do you know that wouldn't sell a single coin after stealing it? Mintpal is full of shit. This all looks much more like they lost the coins somehow, perhaps by transferring to an inaccessible address, or overwriting files they shouldn'tve - something. If they lost $2 mil USD, they were facing UK prison - so they tell the VRC devs they got hacked, Nosker is pressured to save his network against the possibility of a single majority-staker, and the userbase for both VRC and Mintpal get to scratch their heads over what the real story is behind all the shadows and bullshit.

One thing is for sure, Mintpal failed due to negligence and/or incompetence, and they're being less than honest about the details of the issue and how they operate their business. Nosker's hand was a bit forced to save his coin, considering the circumstances - but one can't help but wonder what he knew. His argument about throwing up massive sell walls on the exchanges to "help investors" doesn't make much sense to me. Wouldn't he want BTC walls to prevent the price crashing? Seems odd. Anyway, fuck Mintpal, and shame VRC got dragged into it.

Interesting theories.  I agree about the coins not being moved after being stolen is fishy as all hell.

Has mintpal released logs proving their story yet?
BitcoinPorn
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July 15, 2014, 03:43:19 AM
 #9388



Richie Lai    
@richiela
Audit complete and everything cleaned up! #VRC @BittrexExchange ... If anything is off, please open a support ticket with us.

---

Finally!  

Time to stake Smiley

neurorit
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July 15, 2014, 03:44:44 AM
 #9389


If you look at the history chart for VRC's staking power network-wide, there was a massive drop off of millions in weight when the hack is claimed to have happened. They didn't stake, my ass. Also, the coins were wild out of Mintpal's control for over 10 hours, exchanges were not frozen - yet they sat at the same two withdrawal addresses and did not move at all, and the fork was done the next day. What hacker do you know that wouldn't sell a single coin after stealing it? Mintpal is full of shit. This all looks much more like they lost the coins somehow, perhaps by transferring to an inaccessible address, or overwriting files they shouldn'tve - something. If they lost $2 mil USD, they were facing UK prison - so they tell the VRC devs they got hacked, Nosker is pressured to save his network against the possibility of a single majority-staker, and the userbase for both VRC and Mintpal get to scratch their heads over what the real story is behind all the shadows and bullshit.

One thing is for sure, Mintpal failed due to negligence and/or incompetence, and they're being less than honest about the details of the issue and how they operate their business. Nosker's hand was a bit forced to save his coin, considering the circumstances - but one can't help but wonder what he knew. His argument about throwing up massive sell walls on the exchanges to "help investors" doesn't make much sense to me. Wouldn't he want BTC walls to prevent the price crashing? Seems odd. Anyway, fuck Mintpal, and shame VRC got dragged into it.

See this is the entire point. People are too cool with trusting devs and believing the first story they heard blah blah.

The entire point of crypto is that you don't have to trust anyone. And then you have these Veri bagholders defending and saying they prefer that all the Veri services are centralized cuz they want have a face they can trust.

It's supposed to be open-source, distributed not closed source and under their care. I don't get how more people arent calling this crap out.  
tigerwood0432
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July 15, 2014, 03:49:40 AM
 #9390



Richie Lai    
@richiela
Audit complete and everything cleaned up! #VRC @BittrexExchange ... If anything is off, please open a support ticket with us.

---

Finally!  

Time to stake Smiley



Yes time to stake VRC : 50 % vrc staked : vrcstake.ticonerd.com = NO SELLERS = VRC is  going to JUPITER Smiley Even the fudders gone from the post = they went to buy vrc ahahahhaha




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July 15, 2014, 03:50:08 AM
 #9391

It's supposed to be open-source, distributed not closed source and under their care. I don't get how more people arent calling this crap out.

Where is this rule that every digital currency must be open source?    I know I personally prefer things open source as a general rule, however that doesn't mean every person or entity by default is not trustworthy, pick and choose your battles.  With what the devs have done with this rollback has given me a lot more faith and trust in them.   I don't understand your negativity with your multiple posts through this thread because people think differently than you :/

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July 15, 2014, 03:51:55 AM
 #9392

VRC LOGO STICKERS AND LOTTO TICKETS FOR THE LAST PHYSICAL VERICOIN ARE STILL AVAILABLE,  MSG ME TO BUY
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July 15, 2014, 04:02:55 AM
 #9393

Education. After seeing scam after scam and then identifying the crutch in almost everyone of those scams, it came down to trust.

seriously read through bitcointalk.org there's 1000s of scam threads in which you have people proclaiming trust in the devs.

You're not supposed to have to trust the devs. Open source means you don't have to trust them. It's not a rule. There are no rules. But when you have a coin that A) has a network that is dangerously centralized. PoS coin having that large of a percentage of its coins supply on an exchange wallet is messed up. It's so much worse than Ghash.Io and such. Then B) you have coins that are secure and are open source which don't require trusting the devs that offer the same functionality except maybe a couple gimmicky centralized features ... it reeks. Sorry it does. If you're a holder learn from it.

Sorry, seeing this crap and what it could potentially lead to with other crapcoins in the future just kinda sucks.

So yeah, education is my motivation for posting.

It's supposed to be open-source, distributed not closed source and under their care. I don't get how more people arent calling this crap out.

Where is this rule that every digital currency must be open source?    I know I personally prefer things open source as a general rule, however that doesn't mean every person or entity by default is not trustworthy, pick and choose your battles.  With what the devs have done with this rollback has given me a lot more faith and trust in them.   I don't understand your negativity with your multiple posts through this thread because people think differently than you :/
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July 15, 2014, 04:06:04 AM
 #9394

10 million vrc staking on wallets : http://vrcstake.ticonerd.com/ , this time = vrc will go very high .

 PUMP and DUMP in the same day are over Smiley whales have learned a lesson with mintpal attack

= WHALES :Repeat after me = i will never put 100 btc worth of VRC in any exchange = i will buy cheap on exchange >> withdrawto my wallet >> wait for the price to go up >> then sell it on exchange >> withdraw btc >> repeat again Smiley .

VRC is going very far this time Smiley with this story = 1.45 million EUROS stolen from an exchange , VCR DEV help investors to recover all their money = VRC DEV IS A HERO Smiley = VRC will attract all medias attention : TV , RADIO , BUSINESS MAGAZINES , NEWSPAPER ....etc its going viral on twitter right now , facebook = viral . you will see this week vrc at 100k - 180 k . soooo happyyy Smiley
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July 15, 2014, 04:07:36 AM
 #9395


If you look at the history chart for VRC's staking power network-wide, there was a massive drop off of millions in weight when the hack is claimed to have happened. They didn't stake, my ass. Also, the coins were wild out of Mintpal's control for over 10 hours, exchanges were not frozen - yet they sat at the same two withdrawal addresses and did not move at all, and the fork was done the next day. What hacker do you know that wouldn't sell a single coin after stealing it? Mintpal is full of shit. This all looks much more like they lost the coins somehow, perhaps by transferring to an inaccessible address, or overwriting files they shouldn'tve - something. If they lost $2 mil USD, they were facing UK prison - so they tell the VRC devs they got hacked, Nosker is pressured to save his network against the possibility of a single majority-staker, and the userbase for both VRC and Mintpal get to scratch their heads over what the real story is behind all the shadows and bullshit.

One thing is for sure, Mintpal failed due to negligence and/or incompetence, and they're being less than honest about the details of the issue and how they operate their business. Nosker's hand was a bit forced to save his coin, considering the circumstances - but one can't help but wonder what he knew. His argument about throwing up massive sell walls on the exchanges to "help investors" doesn't make much sense to me. Wouldn't he want BTC walls to prevent the price crashing? Seems odd. Anyway, fuck Mintpal, and shame VRC got dragged into it.

See this is the entire point. People are too cool with trusting devs and believing the first story they heard blah blah.

The entire point of crypto is that you don't have to trust anyone. And then you have these Veri bagholders defending and saying they prefer that all the Veri services are centralized cuz they want have a face they can trust.

It's supposed to be open-source, distributed not closed source and under their care. I don't get how more people arent calling this crap out.  

Get your head out your ass.

You really think your shitcoin is decentralized. HA
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July 15, 2014, 04:14:20 AM
 #9396


Get your head out your ass.

You really think your shitcoin is decentralized. HA

hehe  Grin you talking to me?

I presently own 2 coins other than a couple 2.0 platforms. Bitcoin which is sill pretty decentralized considering and Myriad which is extremely decentralized. You see, I'm somewat of a decentralization connoisseur when it come to ideas like money.  

http://imgur.com/Eqmn6EE
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July 15, 2014, 04:14:28 AM
 #9397

Education. After seeing scam after scam and then identifying the crutch in almost everyone of those scams, it came down to trust.

seriously read through bitcointalk.org there's 1000s of scam threads in which you have people proclaiming trust in the devs.

You're not supposed to have to trust the devs.

I don't believe education is your reason for posting at all.  See my join date, I've read through many scams and been through many different coins.   Hell, I did own "SolidCoin" which I believe was the second alt coin after Litecoin, or one of the earliest, which I never paid for any SolidCoin, always got it for free.  I believe that was a scam in the end, but it was a matter of picking and choosing battles and seeing where things go.

I am not saying your way of thinking is wrong for yourself, just your way of thinking does not have to be right for every person or every coin.   Believe me when I say I prefer open source as a general rule, it just makes sense imo, and I hope some features of Vericoin are able to change protocol to be open source.   For now though, the transparency and interaction from the developers is enough for me to see where this coin is going.

People in this thread and all the other Vericoin communities (Vericoin reddit, Twitter, Veritalk forums) are very aware they are putting a lot of trust in the developers and that many of the key features that separate Vericoin from other coins rely on these devs.   You're not supposed to have to trust the devs, but people can if they want and there is no need to be negative about people having choice :/   (btw, I mean that from the Vericoin users that attack back as well, bullshit posts can stop and be discussed better from haters and lovers of the coin)

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July 15, 2014, 04:21:10 AM
 #9398

I don't have a problem with what they're adding or how they're doing it. But they should be doing it as a company not a decentralized currency.

So yeah I don't understand really where you're coming from. This just looks really bad and I felt like trying to give a different angle to the picture. To me this isn't all about making money. It's test bed to see what ideas work and with this project and the way they chose to implement their services I feel like they should be incorporated and insured (e.g. Coinbase or even Paypal).

I put a lot of effort trying to make my point about how you shouldn't have to trust someone or some team when it comes to a currency. If it's a service, fine that can be different if it's done properly (again Coinbase). but if I didn't make my point by now I'm not going to.
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July 15, 2014, 04:23:18 AM
 #9399


I think this incident will show that rollback options will need to be part of every
coin including Bitcoin in the case of catastrophic system damage such
as what happened with the 8 million coin theft.

Otherwise regular mainstream users will not trust Crypto with their money - ever.

Don't let archaic ideals cloud the future of this experiment. I think this VRC
case will be looked back on as a groundbreaking event that helped bring crypto to
the masses.

Trust makes money work.
It's only logical that the system can defend itself from attacks that can kill it.

I will favor investment in coins that have this capability myself.
No one wants to put their money into defenseless vapor.


I agree - The developers might not as Patrick has said "We can't do this again."

However the recovery options will need to be much more sophisticated than simple rollbacks because this needs a number complicated problems such as merchants who exchanged goods for currency which was later made worthless.

As a wider point - eventually if cryptocurrencies ever go "Mainstream" then unless the world order changes (a radical change in human civilization departing from thousands of years of history), then it will be brought under the control of the federal reserve and all the other banking cartels/central banks of the world - they will be the masters of this new crypto economy - being able subtract and add to the money supply at their will. They will use any and all means they can to achieve this control, using similar secretive methods they used to setup the Federal Reserve all those years ago.





people didn't realize that rollback saved their asses = 1.45 million euros will put any exchanger down = so mintpal down = all crypto gone : zs , min , mint , btc , ltc ....etc = other exchnages will go down also = because they have transfers between them = it will be like subprim crisis with banks = pyramid = all exchanges will close




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July 15, 2014, 04:23:41 AM
 #9400

1.3.3 not available on vericoin.info. This is 1.3.2. Where 1.3.3 ?
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