[ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released

[phzi]

@nvminer

Yes, as you said, all the comments are from people that do not hold the coin, that do not trade the coin, and do not care about the coin.

Therefore, I personally do not give a royal shit about what their opinion is.

I will keep investing on this coin as far as I see the devs doing good and the coin holding value, no more no less, and the moment of dumping VRC has not even remotely arrived.

Thanks for your post.

Eth.

you telling  to buy, but i bet that means you are selling  

Ding ding ding!  Anybody telling you to buy buy buy is most likely a bagholder hoping to get their sell order filled before MintPal resumes and the market tanks.

[EtherCoin]

Coblee, the LTC developer, has stated that he holds a not insigificant amount of VRC. Coblee is a VRC investor, but he's also smart enough to understand how poor the VRC developer's choice was to rollback the blockchain.

There are plenty of investors and holders that believe the MintPal bailout was a horrible choice.  Check your facts before spewing nonsense.

First things first, my post is in response of the comments of the Coindesk article, and anyway, if not an insignificant amount of VRC would have been dumped, the price of the coin would have been damaged way more, therefore even if some guys supposedly holding big bags have whined online, they haven't released their holdings. Why?

It's you who should check the facts a bit further than the first glance, captain obvious.

Eth.

[bitsterr]

@nvminer

https://www.youtube.com/watch?v=1PkqNcVD0YI

This video is the most detailed info about the situation you can get.
Not sure why people make an account just to come in this one thread.
Not sure why people on here are arguing when we all no we can never change each others minds.
People who dont like it are not going to buy the coin. Everyone else will buy it.

[Taner]

@nvminer

Yes, as you said, all the comments are from people that do not hold the coin, that do not trade the coin, and do not care about the coin.

Therefore, I personally do not give a royal shit about what their opinion is.

I will keep investing on this coin as far as I see the devs doing good and the coin holding value, no more no less, and the moment of dumping VRC has not even remotely arrived.

Thanks for your post.

Eth.

you telling  to buy, but i bet that means you are selling  

Ding ding ding!  Anybody telling you to buy buy buy is most likely a bagholder hoping to get their sell order filled before MintPal resumes and the market tanks.

Bittrex, cryptsy and polo is already open for trading. No need to MintPal for dump. Over 50% coin in stake. http://vrcstake.ticonerd.com/

[cryptodevil]

Everyone is talking about how it can't be trusted, and how this clearly demonstates how insecure proof of share blockchains are.

Then, by that measure, 'everyone' is a misinformed idiot. The Bitcoin blockchain has been rolled back in its early history, too, but people didn't start screaming about teh injustice of it all and that it couldn't be trusted and, as has been pointed out numerous times, VRC is still a decentralised currency, if the majority of wallet holders didn't agree to the rollback then Pat and Mintpal would have found themselves sitting alone on their own little fork.

How does this issue relate to a PoS weakness?

BTW, VRC has value-added services which, at this time, are centralised, it doesn't mean to say that people don't value them or find them extremely useful. This rabid hysteria against VeriBit or VeriSend is absurd considering the naysayers are more than happy to use centralised point-of-sale webs services for transactions involving bitcoin.

[CodeHunter]

@phzi

Bittrex has about half of the VRC volume that Mintpal had on average, and Bittrex is not tanking, it seems to have bottomed.

Poloniex aswell.

[EtherCoin]

Bittrex, cryptsy and polo is already open for trading. No need to MintPal for dump. Over 50% coin in stake. http://vrcstake.ticonerd.com/

Exactly. Retard FUD without any base is what make my ignore list grow larger every day. If you are going to FUD, do it on style.

Eth.

[surestrike]

Q: What other options did the VRC Devs have?  NONE! (it was kill or be killed)

You do not let someone steal 8 mill coins and let them get away with it !
 (all of you who says it was bad to roll back the blockchain are simply supporting the thieves who took the coins from mintpal).

Q: Who is to blame for this?
A: Mintpal and only mintpal, they are the ones that let themselves open to the  hack. NOT  vericoin. Also Mintpal are the only ones who have been as quiet as a mouse over all of this, it was their big mistake, nothing else.
NOTE: When mintpal allows withdrawls, you will see many peopel withdrawing to the new VRC Wallets for staking, not dumping, Vericoin holders are much wiser than your average alt coin bag holder.

Q: Why was Vericoin targeted?
A: Because it is the best coin to arrive in this crypto world since BTC !

So all you saying the coin is dead, you are full of BS, trying to spread as much fear as possible, to pick up the cheap coins yourself.

I do not currently own VRC. But checking the price on bittrex now, 30k region, i am more than happy to buy at 30k and lower. Because the Devs of this coin have proven they  have good intentions and they managed to make crypto history in being the first Devs to roll back a block-chain, thus destroying the stolen coins.

I would STRONGLY advise, anyone holding coins, NOT to sell them at these prices (its suicide) Correct me if i am wrong in a week or so, but i predict in a week to ten days VRC will be holding firm at 40k or more.


Also all these fudders here are most likely Blackcoin bag holders, now if you want to see a dead coin, check that  out!

Long Live Vericoin! Hail to the Kings! (Devs)

[phzi]

Everyone is talking about how it can't be trusted, and how this clearly demonstates how insecure proof of share blockchains are.

Then, by that measure, 'everyone' is a misinformed idiot. The Bitcoin blockchain has been rolled back in its early history, too, but people didn't start screaming about teh injustice of it all and that it couldn't be trusted and, as has been pointed out numerous times, VRC is still a decentralised currency, if the majority of wallet holders didn't agree to the rollback then Pat and Mintpal would have found themselves sitting alone on their own little fork.

How does this issue relate to a PoS weakness?

BTW, VRC has value-added services which, at this time, are centralised, it doesn't mean to say that people don't value them or find them extremely useful. This rabid hysteria against VeriBit or VeriSend is absurd considering the naysayers are more than happy to use centralised point-of-sale webs services for transactions involving bitcoin.

This newb doesn't even know the difference between a hard-fork for technical reasons (flaw in core code allowing unintended block to be created), and a blockchain rollback for external reasons (bailing out an exchange).

The proof of share weakness is that VRC would have been an easy 51% target if the rollback fork had not been pushed.  That can't happen with a proof of share coin.  To 51% attack BTC or LTC, you need to invest in real hardware beyond reasonable means.  To 51% attack a proof of share (aka, proof of nothing) coin like VRC, you simply need steal a wallet.dat.  Therefore, VRC is reliant on internal security, for security - a deeply flawed concept.  Proof of share coins are secure external to the blockchain.

[phzi]

Q: Why was Vericoin targeted?
A: Because it is the best coin to arrive in this crypto world since BTC !)

No... durp... no...

MintPal clearly stated that BTC and LTC were targeted first, but proper cold storage procedures prevented the withdrawal.  VRC was taken because it was the highest marketcap coin on MintPal that the theives could exploit.

(If there even was an exploit against MintPal - I don't believe that, honestly. If there was really a SQL injection attack against MintPal, then the whole database was compromised, yet MintPal clains that's not true. So which is it?  MintPal lie, MintPal scam, or MintPal epic fraud?)

[CodeHunter]

Q: Why was Vericoin targeted?
A: Because it is the best coin to arrive in this crypto world since BTC !)

No... durp... no...

MintPal clearly stated that BTC and LTC were targeted first, but proper cold storage procedures prevented the withdrawal.  VRC was taken because it was the highest marketcap coin on MintPal that the theives could exploit.

(If there even was an exploit against MintPal - I don't believe that, honestly. If there was really a SQL injection attack against MintPal, then the whole database was compromised, yet MintPal clains that's not true. So which is it?  MintPal lie, MintPal scam, or MintPal epic fraud?)

Then if Mintpal is "scam" or "epic fraud" like you say, why did they target VRC?

I really think they were staking it.

[7vpo]

For all trolls: Recent events could not kill these coin.

A few ignorant to do this job? LOL!

[TenaciousC]

Q: Why was Vericoin targeted?
A: Because it is the best coin to arrive in this crypto world since BTC !)

No... durp... no...

MintPal clearly stated that BTC and LTC were targeted first, but proper cold storage procedures prevented the withdrawal.  VRC was taken because it was the highest marketcap coin on MintPal that the theives could exploit.

(If there even was an exploit against MintPal - I don't believe that, honestly. If there was really a SQL injection attack against MintPal, then the whole database was compromised, yet MintPal clains that's not true. So which is it?  MintPal lie, MintPal scam, or MintPal epic fraud?)

Then if Mintpal is "scam" or "epic fraud" like you say, why did they target VRC?

I really think they were staking it.

my 2 cents too, Mintpal was staking it for extra profit... amateur exchange destroyed something good, again!

[GridWorker]

So what I understand from FUD is that no other coin would attempt a recovery for their investors, and no other dev would attempt to save their coin in the case of a hostile takeover.

Man! I feel much better about the other coins now! Let me just dump millions into some other coin since they do it right and leave you hanging.

[btminer8]

This "blockchain integrity" and "decentralisation" has almost turned into a bad religious belief which has no place in cryptography science.

Most of you here offer nothing constructive to the discussion. Including vericoin bagholders.

You are against the hardfork? Don't upgrade your wallet, this is what "decentralisation" about.

You don't like vericoin? Don't buy it, as simple as that. Vote with your money. "decentralisation"

If we don't find a solution to today problem, it will happen again to any PoS coins out there.

[monsanto]

Q: Why was Vericoin targeted?
A: Because it is the best coin to arrive in this crypto world since BTC !)

No... durp... no...

MintPal clearly stated that BTC and LTC were targeted first, but proper cold storage procedures prevented the withdrawal.  VRC was taken because it was the highest marketcap coin on MintPal that the theives could exploit.

(If there even was an exploit against MintPal - I don't believe that, honestly. If there was really a SQL injection attack against MintPal, then the whole database was compromised, yet MintPal clains that's not true. So which is it?  MintPal lie, MintPal scam, or MintPal epic fraud?)

Then if Mintpal is "scam" or "epic fraud" like you say, why did they target VRC?

I really think they were staking it.

This has been my suspicion as well.

[XbladeX]

...
Q: Who is to blame for this?
A: Mintpal and only mintpal, ...
...

POS system is secure as they holders are.
Community decided that is more secure to keep 1/3 of all coins on mintpal.
Hacked -> rollback - yup that was most secure place for sure.
If someone will steal coin from your local PC who will care ? - Answer no one.

Sumary Vericoin:
-sufer from 1/3 coins deposited in one place (VRC community fault )
-sufer from Mintpal security bug  ( Mintpal fault )
-best place to store Vericoin is place where is many Vericoins today Mintpal ( later Veribank )

PS:I don't want kill any coin there is many others POS waiting to pump AIR<>Cloack<>Super<>Voot<>XC<>Min<>NAV....
and much more VRC don't change much here once it will go up once it will go down...
Problem is rollback - many informations can be manipulated people can not know what deals were done behind scenes.
MtGox six months was palying good exchange and collapsed at end crypto is great tool because so far it is neutral.
Rollbacks is not neutral behavior.

[setup]

Hi,
does anybody know when the mining pool is back?

Michael

[XbladeX]

...
Then if Mintpal is "scam" or "epic fraud" like you say, why did they target VRC?

I really think they were staking it.

.....

This has been my suspicion as well.

Easy to check:

one of mintpal adreses ( not stacking ):
http://bitinfocharts.com/vericoin/address/VZnJ8HXJnZhhWbfadpMtyq8YFXEmkMZb2E


And not stacking adress compare that to many other staking adres like:
http://bitinfocharts.com/vericoin/address/VU7r4YJNmU6DwLhFTqxanxDzLQeDMXuDaz

tx: 3e9bd8c223046198764b5e30a2ec3d9e586969ea8c165f3502a4fb656c2b4ddf   107947   2014-07-14 23:33:37   -1,956.56839187 VRC   428,080.64081767 VRC
tx: 3e9bd8c223046198764b5e30a2ec3d9e586969ea8c165f3502a4fb656c2b4ddf   107947   2014-07-14 23:33:37   +1,956.95615452 VRC   430,037.59697219 VRC

[CodeHunter]

What is it with blackcoin people and this thread? Each time I see someone troll vrc, they have a blackcoin sig.

Where do all you dummies come from? blackcoin is dead.

Anyways, it's the investors that lost money that usually find the passion to troll another thread related to their competitor.

Successful investors don't troll.