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

[T.Stuart]

The problem is that because verisend is both trusted and centralized (as opposed to trustless and decentralized), it's not a true anonymity solution. Anyone using verisend hoping to remain truly anonymous better think again.

Why do you think DRK took off so much? Because they offer a trustless and decentralized solution. Talk to anyone who knows about anonymity, and they will laugh at verisend and anyone using it hoping to remain anonymous.

The point you seem to be missing, is that 99% of people have absolutely no practical use for perfect anonymity.

[cryptodevil]

IT was a joke you bold headed fak. Its not even my adress i put a random one in so RELAX

Sure it was. Because that was the joke, right!! Haahahahaa, haahahahaaaaaaaaaaaaaaaaa.

 

Not your address, riiiiiiight.

[aciddbboy]

Hi , im kinda new to the cryptocurrency world so forgive me if my question sounds really stupid .

I just downloaded the vericoin wallet and i have been testing it and faced an issue .

I managed to deposit 0,1 VRC from mintpal to my wallet with no issues at all . Then decided to enchrypt it using a passphrase .

Then i created another adress where i had to type my passphrase . Worked fine .

Today somehow my passphrase does not work , it says incorrect all the time . i assume i fucked it up when i wrote it down .

My wallet is blocked and i cant do anything with it .  I know i lost my 0,1 VTC , i dont really care .  What bothers me is that i dont see how i can create another wallet .

With bitcoin wallets like Multibit is so easy to create new wallets  but with the vericoin wallet i just dont know how can i do it .  I tried to uninstall and install the new wallet version but it will always show up the wallet is locked and lost i assume , since the passphrase does not match .  So what do i have to do in order to create a new wallet where i can send/recive my vericoins?

Can u guys help me out ?  

Thank you very much !

[yourstruly]

Your centralized services on vericoin.info are woefully insecure.

The debian 6 server running the site has not been hardened, you can login as root over ssh. There are many many more problems but I don't want to divulge too much as it could hurt a lot of people. The developer can send me a message if they want to talk about this in private.

[buy4crypto]

The problem is that because verisend is both trusted and centralized (as opposed to trustless and decentralized), it's not a true anonymity solution. Anyone using verisend hoping to remain truly anonymous better think again.

Why do you think DRK took off so much? Because they offer a trustless and decentralized solution. Talk to anyone who knows about anonymity, and they will laugh at verisend and anyone using it hoping to remain anonymous.

The point you seem to be missing, is that 99% of people have absolutely no practical use for perfect anonymity.

I love DarkCoins to, But the community in DarkCoin gets really offended and aggresive when other coins try there own versions of anon out. Moreover when the price of Dark is going down, you usually see a couple other forums take some extra trollage.

Its certainly not the whole community over there, but a lot are quite sensative about the anon.

[buy4crypto]

Hi , im kinda new to the cryptocurrency world so forgive me if my question sounds really stupid .

I just downloaded the vericoin wallet and i have been testing it and faced an issue .

I managed to deposit 0,1 VRC from mintpal to my wallet with no issues at all . Then decided to enchrypt it using a passphrase .

Then i created another adress where i had to type my passphrase . Worked fine .

Today somehow my passphrase does not work , it says incorrect all the time . i assume i fucked it up when i wrote it down .

My wallet is blocked and i cant do anything with it .  I know i lost my 0,1 VTC , i dont really care .  What bothers me is that i dont see how i can create another wallet .

With bitcoin wallets like Multibit is so easy to create new wallets  but with the vericoin wallet i just dont know how can i do it .  I tried to uninstall and install the new wallet version but it will always show up the wallet is locked and lost i assume , since the passphrase does not match .  So what do i have to do in order to create a new wallet where i can send/recive my vericoins?

Can u guys help me out ?  

Thank you very much !

Make sure you go in and clean out that wallet.dat file. That is what holds all your sensative info that makes your wallet unique.

Try to check and clear out that file, and delete / redownload wallet. Report back to me if that doesn't work.


Very smart that you only did a test first. Many people would go for the entire balance and come here with a horror story. My own personal wallet is roughly the same, just 1 VeriCoin for testing

[BlackShibe1]

What's up
The hype is not over?
Why the price go up?
Verisend yes Veribit yes but what's coming now?

[pnosker]

Your centralized services on vericoin.info are woefully insecure.

The debian 6 server running the site has not been hardened, you can login as root over ssh. There are many many more problems but I don't want to divulge too much as it could hurt a lot of people. The developer can send me a message if they want to talk about this in private.

Yea... ok. VeriBit/VeriSend are hosted on a Windows server.

[yourstruly]

Your centralized services on vericoin.info are woefully insecure.

The debian 6 server running the site has not been hardened, you can login as root over ssh. There are many many more problems but I don't want to divulge too much as it could hurt a lot of people. The developer can send me a message if they want to talk about this in private.

Yea... ok. VeriBit/VeriSend are hosted on a Windows server.

They are not hosted on a windows server, that is not what I said. They are clearly hosted on debian running a legacy version of apache. I would be even more worried if they were actually on a windows server.

Edit: I'm not trying to spread FUD here, this is a very serious concern with how much money is being pumped into this economy. I'm worried about the alt-currency community more than the price of any individual coin. You can see that from my post history.

[pnosker]

Your centralized services on vericoin.info are woefully insecure.

The debian 6 server running the site has not been hardened, you can login as root over ssh. There are many many more problems but I don't want to divulge too much as it could hurt a lot of people. The developer can send me a message if they want to talk about this in private.

Yea... ok. VeriBit/VeriSend are hosted on a Windows server.

They are not hosted on a windows server, that is not what I said. They are clearly hosted on debian running a legacy version of apache. I would be even more worried if they were actually on a windows server.

The "centralized services" aka VeriSend and VeriBit are hosted on verisend.vericoin.info. Do you mean vericoin.info? Those are on a webserver from DreamHost... if those have some sort of issue-- please PM me and let me know what could be wrong. I've never used DreamHost before a week ago and don't even see any SSH access available.

[patronis]

i liked the steady increase in price in the morning , now its going up too fast i think someone is making the hype on mintpal to dump.

[battbot]

Your centralized services on vericoin.info are woefully insecure.

The debian 6 server running the site has not been hardened, you can login as root over ssh. There are many many more problems but I don't want to divulge too much as it could hurt a lot of people. The developer can send me a message if they want to talk about this in private.

Yea... ok. VeriBit/VeriSend are hosted on a Windows server.

They are not hosted on a windows server, that is not what I said. They are clearly hosted on debian running a legacy version of apache. I would be even more worried if they were actually on a windows server.

Edit: I'm not trying to spread FUD here, this is a very serious concern with how much money is being pumped into this economy. I'm worried about the alt-currency community more than the price of any individual coin. You can see that from my post history.

This is part of the reason I don't understand quite understand the hype around veribit.  People are saying it makes things so much easier, but does it really?  And at what cost?  The cost of security?  As far as I understand, all veribit does is exchange VRC for BTC, like any other altcoin can already do on any exchange.  Except, with veribit, we are trusting VRC's dev team to handle security on their centralized servers.  I am not saying VRC dev's are untrustworthy at all, but I do question whether they are qualified to keep these services secure.  As for me, I would far more trust services like Mintpal to securely hold and exchange my altcoins for BTC to then use and make purchases.

[blizeH]

Not sure about that, this coin has so much more potential than many coins with far bigger market caps, plus it's in very active development. Plenty of room for growth yet.

[Youghoor]

Not sure about that, this coin has so much more potential than many coins with far bigger market caps, plus it's in very active development. Plenty of room for growth yet.

this coin is the future coin with lot of potential and it can left behind many alt coins if the community will support as it is supporting now.

[pnosker]

Your centralized services on vericoin.info are woefully insecure.

The debian 6 server running the site has not been hardened, you can login as root over ssh. There are many many more problems but I don't want to divulge too much as it could hurt a lot of people. The developer can send me a message if they want to talk about this in private.

Yea... ok. VeriBit/VeriSend are hosted on a Windows server.

They are not hosted on a windows server, that is not what I said. They are clearly hosted on debian running a legacy version of apache. I would be even more worried if they were actually on a windows server.

Edit: I'm not trying to spread FUD here, this is a very serious concern with how much money is being pumped into this economy. I'm worried about the alt-currency community more than the price of any individual coin. You can see that from my post history.

This is part of the reason I don't understand quite understand the hype around veribit.  People are saying it makes things so much easier, but does it really?  And at what cost?  The cost of security?  As far as I understand, all veribit does is exchange VRC for BTC, like any other altcoin can already do on any exchange.  Except, with veribit, we are trusting VRC's dev team to handle security on their centralized servers.  I am not saying VRC dev's are untrustworthy at all, but I do question whether they are qualified to keep these services secure.  As for me, I would far more trust services like Mintpal to securely hold and exchange my altcoins for BTC to then use and make purchases.

The VeriBit servers don't "hold" your coins for more than 5 minutes. After they receive them and get 4 confirms, they send you your BTC. So the user will never lose. If we have a security flaw (which we are getting audited right now), our pot of BTC could be lost. But I don't think that's a concern since the developer running the server works for the cloud computing division of one of the top software companies in the world... and knows his security.

[yourstruly]

Your centralized services on vericoin.info are woefully insecure.

The debian 6 server running the site has not been hardened, you can login as root over ssh. There are many many more problems but I don't want to divulge too much as it could hurt a lot of people. The developer can send me a message if they want to talk about this in private.

Yea... ok. VeriBit/VeriSend are hosted on a Windows server.

They are not hosted on a windows server, that is not what I said. They are clearly hosted on debian running a legacy version of apache. I would be even more worried if they were actually on a windows server.

Edit: I'm not trying to spread FUD here, this is a very serious concern with how much money is being pumped into this economy. I'm worried about the alt-currency community more than the price of any individual coin. You can see that from my post history.

This is part of the reason I don't understand quite understand the hype around veribit.  People are saying it makes things so much easier, but does it really?  And at what cost?  The cost of security?  As far as I understand, all veribit does is exchange VRC for BTC, like any other altcoin can already do on any exchange.  Except, with veribit, we are trusting VRC's dev team to handle security on their centralized servers.  I am not saying VRC dev's are untrustworthy at all, but I do question whether they are qualified to keep these services secure.  As for me, I would far more trust services like Mintpal to securely hold and exchange my altcoins for BTC to then use and make purchases.

Veribit provides a centralized exchange based on an average of current exchange rates, if this is not well protected it could be a central point of failure. Looking at the sercurity of the server veribit is running on, I would personally not trust it and I honestly don't believe it adds any technological advancements.

[Reavon]

i am sure after the north american bitcoin conference things will become even more huge.

I think of new developer. More infrastructure, improved service, new dimensions of PR unique for an altcoin and much more.

This is going to be excieting

[cryptodevil]

This is part of the reason I don't understand quite understand the hype around veribit.  People are saying it makes things so much easier, but does it really?  

If you don't understand why VeriBit is adding extraordinary value to this coin then that might explain why Cinni is going nowhere. People value convenience. It is an extremely drawn-out and pain-in-ass process to have to transfer coins from your wallet, to an exchange, get a price you want at the time you need it to get BTC and then send those BTC somewhere else.

Instead, you get to keep your BTC in VRC, earning interest while they sleep and, on the occasion you might want to make a small BTC purchase, you can do it in a couple of clicks with no faffing about.

Yes, I know, larger transactions would be better served doing it yourself on an exchange, but people don't spend money in large transactions all the time, they tend to do so in the way that most people spend money, in lots of little transactions, the kind that are perfect for VeriBit.

The wilful nature of the "I don't get why VeriShit is so great!" is starting to wear thin. It is perfectly clear why it is extremely useful a function to have and it is one that is no more centralised than having to send your coins to an Exchange. We all know what can happen to exchanges, so the less money held there, the better.

[patronis]

The VeriBit servers don't "hold" your coins for more than 5 minutes. After they receive them and get 4 confirms, they send you your BTC. So the user will never lose. If we have a security flaw (which we are getting audited right now), our pot of BTC could be lost. But I don't think that's a concern since the developer running the server works for the cloud computing division of one of the top software companies in the world... and knows his security.

So once i buy something with VRC , you guys convert to BTC and make the payment? correct? and then what do you do with all does VRC you exchange them to BTC? if so how do you do it? with minpal? crypsy? bittrex?

[HoodRich]

What's up
The hype is not over?
Why the price go up?
Verisend yes Veribit yes but what's coming now?

Hype? What's happening with VRC has not happened ever in Crypto...

If so, reply to this post and name the coin(s).

1. Veribit
2. Verisend
3. Buying BTC via VRC with USD (Soon with a Credit Card) - no more waiting on Coinbase for a week
4. Veribank
5. Awesome, respectable Dev team
6. PR Firm

What coins are you following? We are all ears...