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

[vsniko]

The attacker targeted BTC, LTC, and VRC.

It is your thoughts or it is proven info?

[Killiz]

can we share any news or info on the hackers so people can track them down.... I have friends that could find them... and I would love to know who it was and bring them to the public...

make all the hacker info public so we can find them and share their info... would make the whole crypto community more secure...

just like when that guy from btc got hacked and he offered what was it 20 btc to find the hacker as a reward... the hacker asked for what was it 15 or 30 btc... was a story a few months back... turn the tides on the hackers and make their info public

It was Jesus.

[ljm81]

The hacker must not of wanted my coins ON mintpal cuz there still there, i feel left out

[DARKANGEL6415]

VeriCoin will hard fork to a checkpoint a few hours ago just before the attack on MintPal. MintPal has agreed to cover losses relating to the hack.

VeriCoin is fine, there are no vulnerabilities. We had to decide between hard forking prior to the attack or letting MintPal fall and the thief keeping the 8 million VRC that was stolen. We chose the option that we thought would be best for the coin.

We will be releasing a new wallet with a fix shortly.

WOW 8 million VRC was stolen from mintpal? Thats is just crazy seems they knew what to go after

[Killiz]

The hacker must not of wanted my coins ON mintpal cuz there still there, i feel left out

Leave em there till the dust settles, and a fork is created. any coin movement from after the attack untíl the client update will be erased.

[DARKANGEL6415]

Can any dev answer why mp would only have an issue with vrc and the attackers did not take btc or higher valued coins?  If what mp said was true and only vrc was hit, but had nothing to do with vrc?

Just looking for an answer, if there is a good explanation, then great! would instill confidence!

they most likely went after VRC cause they know how to spot a diamond in the rough  

[RJF]

People should take note of this. Not because of the hack, but because of the immediate step-up of the developers to defend the integrity of the coin.

Ladies and gentlemen, I do believe the bar has effectively been raised.

Agreed! This is not a fault in Vericoin yet the Devs moved quickly to minimize the damage to MintPal and folks who had their coin there. This shows their commitment to VRC and I, for one, applaud that!

[SeDz]

unfortunately it will be dumped when it return.. i just want it can recovery fast

[Jeff Jefferson]

so what are we supposed to do? update the wallet? backup the wallet?

[buy4crypto]

Can any dev answer why mp would only have an issue with vrc and the attackers did not take btc or higher valued coins?  If what mp said was true and only vrc was hit, but had nothing to do with vrc?

Just looking for an answer, if there is a good explanation, then great! would instill confidence!

I am guessing the devs don't have time right now to come to this forum, please be patient.

[Mountaineeer]

how do they manage to take off with all the VRC when it requires 2FA to even proccess the withdrawl request... ?  this sounds to me like the Private keys for the hot wallet were exposed.. somewhow.. which is scary to consider.

inside job?

[XbladeX]

People should take note of this. Not because of the hack, but because of the immediate step-up of the developers to defend the integrity of the coin.

Ladies and gentlemen, I do believe the bar has effectively been raised.

+10

But thing about it widely:

1) Conclusion is that VRC is valuable to 8m /27 *100%  = 30% attacks...not 51%

2) Big hit into decentralization image of VRC "rolbacks" - shows that crypto is not decentralized coin...
So fork BTC before MtGox that way...

[RaggedClown]

unfortunately it will be dumped when it return.. i just want it can recovery fast

Maybe, but everyone likes something that spreads well. No matter what you choose that thing to be.

[bitc0000]

Wow, 8 million coins stolen. That's like almost 1/3 of the entire coin supply and will definitely kill the coin if you just let the thief get away and dump all of those not to mention lose user trust and respect that you guys have been building up all these days. I hope you guys acted fast enough and there's not a lot of damage done and that dump on cryptsy was not the thief cashing out into bitcoins...

[nusa]

Great response from the Devs!
+10 Trust

[buy4crypto]

so what are we supposed to do? update the wallet? backup the wallet?

We will have instructions soon.

Someone wants to cause VRC problems due to the fact its not just some other shit coin, but a real coin, with real, capable developers.

We the community take on the responsibility of Mintpals lack of common sense. So the smart people will be buying this dip, seeing the actions of the developers, dedicated and quick to take action. While some people panic sell, in the end, the person who hacked gets what they want for a short period of time, once cool heads prevail and the team gets it straight I wouldn't be suprised to see large demand.

[buy4crypto]

People should take note of this. Not because of the hack, but because of the immediate step-up of the developers to defend the integrity of the coin.

Ladies and gentlemen, I do believe the bar has effectively been raised.

+10

But thing about it widely:

1) Conclusion is that VRC is valuable to 8m /27 *100%  = 30% attacks...not 51%

2) Big hit into decentralization image of VRC "rolbacks" - shows that crypto is not decentralized coin...
So fork BTC before MtGox that way...

Are you mad that the developers of VRC took the proper action, while bitcoin let there community lose?

VeriCoin will take the lead in due time. Its got to many people that care.

[noerc]

Wait, a hard fork because an exchange was hacked? I hope you spend some time making this decision, because if the devs simply hard fork to reset the blockchain to a state that they prefer the trust in this decentralized currency will suffer from that.

Note that Gox could have been solved the very same way, but there was no hard fork of BTC, and that had a reason.

But good for Mintpal, nice to hear that these poor guys don't have too much losses 

[buy4crypto]

Wait, a hard fork because an exchange was hacked? I hope you spend some time making this decision, because if the devs simply hard fork to reset the blockchain to a state that they prefer the trust in this decentralized currency will suffer from that.

Note that Gox could have been solved the very same way, but there was no hard fork of BTC, and that had a reason.

But good for Mintpal, nice to hear that these poor guys don't have too much losses 

Do you want a thief with 30% of coins unloading on your community, I imagine that the bitcoin loss, though monetarily more, it was not as big of a % of the total network.

[bitcad4u]

People should take note of this. Not because of the hack, but because of the immediate step-up of the developers to defend the integrity of the coin.

Ladies and gentlemen, I do believe the bar has effectively been raised.

+10

But thing about it widely:

1) Conclusion is that VRC is valuable to 8m /27 *100%  = 30% attacks...not 51%

2) Big hit into decentralization image of VRC "rolbacks" - shows that crypto is not decentralized coin...
So fork BTC before MtGox that way...

Are you mad that the developers of VRC took the proper action, while bitcoin let there community lose?

VeriCoin will take the lead in due time. Its got to many people that care.

soooo wait... i just bought a car with vericoins... and so i got the car... and so now the network will be rolled back to a date prior to me buying the car?  so now i have the car and all my vericoins back?  so now I can buy another car..... .sweet.