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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 1346467 times)
jtbcoins
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July 15, 2014, 06:10:16 AM
 #9481

but you chose to bail out mintpal.
The devs chose to not have early users of Vericoin have their coin stolen.

The devs chose to act as a central banker would.

ANTI-CRYPTO is what Vericoin is.

Vericoin is the Paypal of Crypto.

Vericoin devs = Ben Bernanke!



FIAT monetary systems cannot be directly compared to crypto. They have similarities, but are still two different worlds. More importantly the devs were forced into a corner. The only other option was to leave the chain as is and allow one individual to have 8M coins. If that person were to stake 8M coins, they would then control the chain and can double-spend (51% attack). VRC would be dead.

I don't think you're considering the entire situation.

Yes they can both be compared to each other.

When a Crypto coin like Vericoin decides (through its developers) to roll back the block chain because an incompetent exchange (Mintpal) fucked up on its security procedures you can find similarities in the two.

The Federal Reserve bailed out Big banks that made bad decisions in 2008.

Mintpal made a bad decision to keep MOST of its users' VRC holding in their hot wallet. The VRC devs bailed out Mintpail.

The principal is the same.

VRC users may as well use the legacy banking system or PayPal. There is no difference in principal.

A bailout creates money out of thin air, which is the problem. A roll back is not creating money out of thin air. Think a little harder

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July 15, 2014, 06:10:24 AM
 #9482

If you were dumb enough to trust an incompetent exchange (whether you knew or not ahead of time...as there is always risk with 3rd parties) you deserve to lose your coins should that 3rd party fuck up on their responsibilities.
I actually agree with you, but not at the cost of the failure of the coin itself (thus effecting all users of the coin, not just the ones using Mintpal).   Vericoin devs chose to save the coin from one user controlling too much as well as hopefully teach a huge lesson to all the users not to keep their coins on an exchange like that.

You mean...MintPal was "too big to fail".

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July 15, 2014, 06:11:07 AM
 #9483

and just like that I hate him again

You hate too easy. Well, actually you mostly hate everything that disagrees with your extremely narrow perceptions. Ignorance and lack of maturity, evidently.

Chosen ignorance, for the most part, in your specific case.

Way too old for your proverbial "wall-to-wall counseling", so I'd let you just be.
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July 15, 2014, 06:12:08 AM
 #9484

Where 1.3.3 ?

Please give download link.

i downloaded mine from vericoin.info site. perhaps, clear you cache?

Or open site in different browser and try again

I got 1.3.3 from official site fine.

Wallet not sync Sad
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July 15, 2014, 06:13:16 AM
 #9485

Mintpal made a bad decision to keep MOST of its users' VRC holding in their hot wallet. The VRC devs bailed out Mintpail.

The principal is the same.

Such silly smoothie posts Roll Eyes

Mintpal got lucky that Vericoin is early on enough and the devs wanted the users to not be fucked over in this case.

So it is what the devs want. I got it.

Now we can both agree VRC operates as a dictatorship much like the Federal Reserve System. Thank you for clarifying that.

And no there isn't anything silly about my posts. They are the facts.

Facts seem silly to people who don't want to view the truth for what it is and prefer to be in denial.

Vericoin developers gave users the option to join a new blockchain that rolled back the part where someone stole the $2 million worth of coin.  We all here had the choice to not do this.  Exchanges had the choice to not participate.  etc etc.   The majority of people voted with their wallets on this decision, this choice probably will not be something possible later in the life of the coin.  It was an opportunity to make right of a shitty situation.  Just the facts.   You are in denial that people live happily thinking about and using digital currencies in a different way than you lol.


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July 15, 2014, 06:13:24 AM
 #9486

Where 1.3.3 ?

Please give download link.

i downloaded mine from vericoin.info site. perhaps, clear you cache?

Or open site in different browser and try again

I got 1.3.3 from official site fine.

Wallet not sync Sad

Who cares if the wallet wont sync.. You'll just have to re-download it again after the next theft.

What a JOKE this coin has become!
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July 15, 2014, 06:13:29 AM
 #9487

I get it and I admire your guys passion and dedication.  But I believe you are missing a valid point, an EXCHANGE, (yes just one exchange who will probably be gone in a year or 2) was lax on security, so in order to save said exchange's financial losses you hardfork the coin.  That makes me sick honestly.  I know alot of you have vested interest in the coin, but man this isn't what crypto is about.

Yes, we all agree Vericoin is a game changer Smiley

Thank you for not quoting me out of context and I would agree that is a game changer in a different aspect (not in a positive light btw).
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July 15, 2014, 06:13:56 AM
 #9488

I get it and I admire your guys passion and dedication.  But I believe you are missing a valid point, an EXCHANGE, (yes just one exchange who will probably be gone in a year or 2) was lax on security, so in order to save said exchange's financial losses you hardfork the coin.  That makes me sick honestly.  I know alot of you have vested interest in the coin, but man this isn't what crypto is about.

Yes, we all agree Vericoin is a game changer Smiley

Yes I agree. The game has been changed to Monopoly by Parker Brothers. i.e the Federal Reserve System.

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July 15, 2014, 06:15:14 AM
 #9489

If you were dumb enough to trust an incompetent exchange (whether you knew or not ahead of time...as there is always risk with 3rd parties) you deserve to lose your coins should that 3rd party fuck up on their responsibilities.
I actually agree with you, but not at the cost of the failure of the coin itself (thus effecting all users of the coin, not just the ones using Mintpal).   Vericoin devs chose to save the coin from one user controlling too much as well as hopefully teach a huge lesson to all the users not to keep their coins on an exchange like that.

You mean...MintPal was "too big to fail".

Nope, I meant what I said.

Mintpal had way too many of the coins imo, they fucked things up for Vericoin on many levels.   But they are just one exchange, it might be Bittrex next.  Or cryptsy.  Or etc.  Centralized exchanges do need to be either tightened or not used.

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July 15, 2014, 06:15:18 AM
 #9490

operates as a dictatorship


ALL the Vericoin users wanted the rollback.



If you were dumb enough to trust an incompetent exchange (whether you knew or not ahead of time...as there is always risk with 3rd parties) you deserve to lose your coins should that 3rd party fuck up on their responsibilities.


If crypto goes mainstream, your way of thinking will not survive.



Crypto will go mainstream and his way of thinking will not only survive but will flourish!


Only in your little aspie bubble. Coin theft on such a scale scares the mainstream away. But you think otherwise because you're an aspie.

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July 15, 2014, 06:15:29 AM
 #9491

I agree what you described there is decentralization. That is distributed consensus which the rollback is controversial but enough chose to be on that particular fork.


there is no consensus... you either use the new wallet or you get shut out of any future updates and shutout of the exchanges and any other vericoin services. That is the reality of the situation.

Even if you completely disagreed with the rollback the choice was already made for you.

In order to save the coin a precedent was set... now it only remains to be seen how many more times choices will be made for the community instead of by the community.

You are not entirely correct -because there have been some kid -of-similar "precedents" in several cryptos, including BTC.

But since VRC has been a first (and setting some much clearer precedents) in several other things of much higher importance, I don't see any problem at all in either the "precedent" of even the potential recurrence of the "precedent"... if circumstances warrant it.

I believe it is quite clear the community at large, in overwhelming numbers, are behind the dev team. In this "precedent" action and, above all, in the many others set already. Other than the thieves, who are evidently posting here BS non-stop, and more than a few so-called "purists", the vast majority, by like 80% of all stake holders, are not just supportive but extremely supportive -to ridiculous extents, admittedly, in some cases-, of a dev team and a dev team's decisions that are simply quite different from  the shameful actions of most individuals in crypto, an underworld permanently tainted by fraud and thievery... which, openly and to the point of bragging, peculiarly, those so-called "purists" support. Blatantly. Openly.

Well, get this: VRC is a very young coin, obviously experiencing some growing pains or just some growing. Exceptional growing, by any measure, by the way. And it is indeed setting a lot of precedents. This last one establishes, no more no less that the bad guys don't get away with their thievery. Again, that is rising the bar to a new level. And, guess what, the community  supports that. Guess what else: The people outside of the community, supports that too (they, mind you, don't live in a world where criminal acts not only are not accountable, but even bragged about). So the message of it all is clear: The times of the bad guys hidden under anonymous handles is soon to be over. The time of the wild west is coming to a close in crypto. Fast. The bad guys won't be rewarded (and, soon, will be direly punished). So the precedent is of some significance for either VRC will thrive because of this or will die because no new investors/users will come to participate and the community's faith will start to deteriorate in a hurry.

No one knows, for sure, the exact repercussions. But these guys (the devs) are indeed the good guys of crypto after the several precedents, including this one. I am betting that the support will continue and grow significantly in weeks, months and years to come, precisely for that.  

+1 amen to that.. a holistic (and realistic) view that's what some of us are lacking..

I get it and I admire your guys passion and dedication.  But I believe you are missing a valid point, an EXCHANGE, (yes just one exchange who will probably be gone in a year or 2) was lax on security, so in order to save said exchange's financial losses you hardfork the coin.  That makes me sick honestly.  I know alot of you have vested interest in the coin, but man this isn't what crypto is about.

There's no proof that this was an "inside job" or a "bailout". What other option did the devs have? To let the hacker retain 8M coins? If 8M coins were to be staked on one wallet, that person would then control the blockchain and double-spend. That would be the death of the coin.

I would probably agree with you if there had been another solution that didn't lead directly to the death of the coin.
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July 15, 2014, 06:15:38 AM
 #9492

Gonna go on a flier here and say Smoothie isn't randomly fudding an alt coin and has valid points.  Just saying that the you guys could not have made a worst decision in my opinion.

I dont normally post in alt-coin threads but this one has gotten my attention purely on the stupidity of the developers and their supporters to think this is a good idea and wont affect the future expectations of when another large VRC scam or hack occurs that they will EXPECT to be bailed out as well.

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        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

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July 15, 2014, 06:16:28 AM
 #9493

Where 1.3.3 ?

Please give download link.

i downloaded mine from vericoin.info site. perhaps, clear you cache?

Or open site in different browser and try again

I got 1.3.3 from official site fine.

Wallet not sync Sad

Who cares if the wallet wont sync.. You'll just have to re-download it again after the next theft.

What a JOKE this coin has become!

Selamını sabahını sikeyim.
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July 15, 2014, 06:16:58 AM
 #9494

I get it and I admire your guys passion and dedication.  But I believe you are missing a valid point, an EXCHANGE, (yes just one exchange who will probably be gone in a year or 2) was lax on security, so in order to save said exchange's financial losses you hardfork the coin.  That makes me sick honestly.  I know alot of you have vested interest in the coin, but man this isn't what crypto is about.

Yes, we all agree Vericoin is a game changer Smiley

Thank you for not quoting me out of context and I would agree that is a game changer in a different aspect (not in a positive light btw).

haha, I left your quote totally in tact and didn't change a word.  And I mean it from a positive light from my side, but I acknowledge you do see it in a negative way, but they definitely changed how things can be done.

God bless multiple coins existing, there Bitcoin should not rule the digital currency realm, but they shouldn't go away either, here here to multiple coins Smiley

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July 15, 2014, 06:17:10 AM
 #9495

I wonder what the legal ramifications are from the actions of the devs and how vericoin could now be categorized, because it definatly is not P2P .

food for thought, sounds more like a HYIP.
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July 15, 2014, 06:17:25 AM
 #9496

Mintpal made a bad decision to keep MOST of its users' VRC holding in their hot wallet. The VRC devs bailed out Mintpail.

The principal is the same.

Such silly smoothie posts Roll Eyes

Mintpal got lucky that Vericoin is early on enough and the devs wanted the users to not be fucked over in this case.

So it is what the devs want. I got it.

Now we can both agree VRC operates as a dictatorship much like the Federal Reserve System. Thank you for clarifying that.

And no there isn't anything silly about my posts. They are the facts.

Facts seem silly to people who don't want to view the truth for what it is and prefer to be in denial.

Vericoin developers gave users the option to join a new blockchain that rolled back the part where someone stole the $2 million worth of coin.  We all here had the choice to not do this.  Exchanges had the choice to not participate.  etc etc.   The majority of people voted with their wallets on this decision, this choice probably will not be something possible later in the life of the coin.  It was an opportunity to make right of a shitty situation.  Just the facts.   You are in denial that people live happily thinking about and using digital currencies in a different way than you lol.



That is a straight up fallacy, just stop sir.  You guys had your side deal with the bigdog in this case and either jump on board or gtfo, come on now.  There absolutely was no community involvement at all, stop playing it like people "voted with their wallets".
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July 15, 2014, 06:17:38 AM
 #9497

but you chose to bail out mintpal.
The devs chose to not have early users of Vericoin have their coin stolen.

The devs chose to act as a central banker would.

ANTI-CRYPTO is what Vericoin is.

Vericoin is the Paypal of Crypto.

Vericoin devs = Ben Bernanke!



FIAT monetary systems cannot be directly compared to crypto. They have similarities, but are still two different worlds. More importantly the devs were forced into a corner. The only other option was to leave the chain as is and allow one individual to have 8M coins. If that person were to stake 8M coins, they would then control the chain and can double-spend (51% attack). VRC would be dead.

I don't think you're considering the entire situation.

Yes they can both be compared to each other.

When a Crypto coin like Vericoin decides (through its developers) to roll back the block chain because an incompetent exchange (Mintpal) fucked up on its security procedures you can find similarities in the two.

The Federal Reserve bailed out Big banks that made bad decisions in 2008.

Mintpal made a bad decision to keep MOST of its users' VRC holding in their hot wallet. The VRC devs bailed out Mintpail.

The principal is the same.

VRC users may as well use the legacy banking system or PayPal. There is no difference in principal.

A bailout creates money out of thin air, which is the problem. A roll back is not creating money out of thin air. Think a little harder

lol really?

Rollback basically puts back the virtual money out of thin air back where it was at a particular point in time.

It moves the money. The federal reserve system can do the same thing. Delete or freeze a hackers bank account of money they stole and recredit the victims account.

Think a little harder buddy.

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                   ²²²                 
███████████████████████████████████████

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July 15, 2014, 06:18:23 AM
 #9498

Mintpal made a bad decision to keep MOST of its users' VRC holding in their hot wallet. The VRC devs bailed out Mintpail.

The principal is the same.

Such silly smoothie posts Roll Eyes

Mintpal got lucky that Vericoin is early on enough and the devs wanted the users to not be fucked over in this case.

So it is what the devs want. I got it.

Now we can both agree VRC operates as a dictatorship much like the Federal Reserve System. Thank you for clarifying that.

And no there isn't anything silly about my posts. They are the facts.

Facts seem silly to people who don't want to view the truth for what it is and prefer to be in denial.

Vericoin developers gave users the option to join a new blockchain that rolled back the part where someone stole the $2 million worth of coin.  We all here had the choice to not do this.  Exchanges had the choice to not participate.  etc etc.   The majority of people voted with their wallets on this decision, this choice probably will not be something possible later in the life of the coin.  It was an opportunity to make right of a shitty situation.  Just the facts.   You are in denial that people live happily thinking about and using digital currencies in a different way than you lol.


Could not have said it better myself, thank you!
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July 15, 2014, 06:19:29 AM
 #9499

If you were dumb enough to trust an incompetent exchange (whether you knew or not ahead of time...as there is always risk with 3rd parties) you deserve to lose your coins should that 3rd party fuck up on their responsibilities.
I actually agree with you, but not at the cost of the failure of the coin itself (thus effecting all users of the coin, not just the ones using Mintpal).   Vericoin devs chose to save the coin from one user controlling too much as well as hopefully teach a huge lesson to all the users not to keep their coins on an exchange like that.

You mean...MintPal was "too big to fail".

@BitcoinPorn,

there is no real lesson if they were given back all that they should have lost in the hack.

Lessons come at a cost. There was no real cost to users who made bad decisions to keep their coins on an exchange that makes bad decisions.

███████████████████████████████████████

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        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
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July 15, 2014, 06:19:53 AM
 #9500

  You all know the risks of crypto i only leave on an exchange what i can afford to lose !

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