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

[solid12345]

Here is the cold truth, you want to know why people keep their coins on exchanges instead of staking them?

Because they are paralyzed with fear that people like Iconic Expert or Bryce Weiner will dump any moment when the time is right and they want to be able to exit quickly to not lose their shirts.

So Bryce can go stuff it with his talks of blockchain security, he helps to create the most insecure and paranoid market in the world.

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[J9901]

Wait a minute...let me get this straight. (Please dont answer if you're not sure yourself)

Are you telling me that those who sold after the start of the attack (the past few hrs) will get to keep both their BTC (earned from selling) and VRC amount (prior to selling) Please verify

[chunkyjunkie]

Simple mp f'd up.  The hot wallet had too many vrc in it.

Claiming the devs should not help the community by bailing out mp is a very questionable statement.

Almost as if you were one of the people on the receiving end of a successful attack?  hmm...


VRC will come out of this a lot stronger and in the spotlight imo.  Complete backfire by the hackers. Pretty funny.

[Killiz]

So are the coins stolen being rolled back or every transaction up to the hard fork being rolled back?

Everything as/and after the coins were stolen, this is why all wallets on effected exchanges have been suspended until the updated client is released.

[noerc]

btw, the rollback doesn't even affect the hackers. They probably already dumped the VRCs after they read about whats going to happen in order to switch the blockchain. The people who are affected by this rollback are the holders in the community and only the holders in the community. And the only one who benefits from the rollback is MintPal.

Patrick, I urge you to not do that. Please don't let an exchange decide about things like this. And I am not only saying this because I am losing money I have in VRC.

[Killiz]

Wait a minute...let me get this straight. (Please dont answer if you're not sure yourself)

Are you telling me that those who sold after the start of the attack (the past few hrs) will get to keep both their BTC (earned from selling) and VRC amount (prior to selling) Please verify

Not really, the exchange may perform trades within its own software. It is only when coins are sent to/and from the exchange that they are broadcast to the network.

[Bitcycle]

Wow, people think VRC is worth stealing!

You can't ask for a better endorsement than that!

 

[J9901]

Wait a minute...let me get this straight. (Please dont answer if you're not sure yourself)

Are you telling me that those who sold after the start of the attack (the past few hrs) will get to keep both their BTC (earned from selling) and VRC amount (prior to selling) Please verify

Not really, the exchange may perform trades within its own software. It is only when coins are sent to/and from the exchange that they are broadcast to the network.

Oh ok. Good

[kpierce77]

Here is the cold truth, you want to know why people keep their coins on exchanges instead of staking them?

Because they are paralyzed with fear that people like Iconic Expert or Bryce Weiner will dump any moment when the time is right and they want to be able to exit quickly to not lose their shirts.

So Bryce can go stuff it with his talks of blockchain security, he helps to create the most insecure and paranoid market in the world.

You sir... are correct.  Unfortunately, I had all my BC in my wallet on my laptop back in April during the BC crash from 94000 satoshi allll the way down to 14000.  I wish I had my BC on Mintpal at the time because I could've sold during that crash.  I lost $5,200 of profit because of that.  Here's the thing though: I didn't have my BC on Mintpal at that time because of what happened with BC on Cryptorush.in back in March when they lost everyone's BC on that exchange, so I figured keeping them in my own wallet was safer.  It's safer, but yes you can't panic sell when your coins aren't on an exchange.  Since then I've kept my coins on exchanges.  Not sure I'm going to anymore after this.

[majeis]

btw, the rollback doesn't even affect the hackers. They probably already dumped the VRCs after they read about whats going to happen in order to switch the blockchain. The people who are affected by this rollback are the holders in the community and only the holders in the community. And the only one who benefits from the rollback is MintPal.

Patrick, I urge you to not do that. Please don't let an exchange decide about things like this. And I am not only saying this because I am losing money I have in VRC.

Really? You saw 3-8 million+ dumped? What imaginary chart did you see this on?

Oh, you didn't?

So you think a guaranteed ongoing 51% attack or an insta-dump is a better alternative?

Please explain why.

[yoshiwatusi]

Here is the cold truth, you want to know why people keep their coins on exchanges instead of staking them?

Because they are paralyzed with fear that people like Iconic Expert or Bryce Weiner will dump any moment when the time is right and they want to be able to exit quickly to not lose their shirts.

So Bryce can go stuff it with his talks of blockchain security, he helps to create the most insecure and paranoid market in the world.

You sir... are correct.  Unfortunately, I had all my BC in my wallet on my laptop back in April during the BC crash from 94000 satoshi allll the way down to 14000.  I wish I had my BC on Mintpal at the time because I could've sold during that crash.  I lost $5,200 of profit because of that.  Here's the thing though: I didn't have my BC on Mintpal at that time because of what happened with BC on Cryptorush.in back in March when they lost everyone's BC on that exchange, so I figured keeping them in my own wallet was safer.  It's safer, but yes you can't panic sell when your coins aren't on an exchange.  Since then I've kept my coins on exchanges.  Not sure I'm going to anymore after this.

invest in coins that have good devs is what i think should be done after this

[EtherCoin]

Here is the cold truth, you want to know why people keep their coins on exchanges instead of staking them?

Because they are paralyzed with fear that people like Iconic Expert or Bryce Weiner will dump any moment when the time is right and they want to be able to exit quickly to not lose their shirts.

So Bryce can go stuff it with his talks of blockchain security, he helps to create the most insecure and paranoid market in the world.

You sir... are correct.  Unfortunately, I had all my BC in my wallet on my laptop back in April during the BC crash from 94000 satoshi allll the way down to 14000.  I wish I had my BC on Mintpal at the time because I could've sold during that crash.  I lost $5,200 of profit because of that.  Here's the thing though: I didn't have my BC on Mintpal at that time because of what happened with BC on Cryptorush.in back in March when they lost everyone's BC on that exchange, so I figured keeping them in my own wallet was safer.  It's safer, but yes you can't panic sell when your coins aren't on an exchange.  Since then I've kept my coins on exchanges.  Not sure I'm going to anymore after this.

Its just a thought, but wouldn't it be cheeky evil genius-ish to perpetrate that assault in Cryptorush.in just to cause that exact reaction? People moving the BCs to the wallets and therefore making them slower to react to the big-ass-dump so the dumpers can do it at will and without loosing money in the way down?

Uh..

Eth.

[tylerderden]

I personally am very excited by this. I know this may be a scary time for the people who currently have VRC missing, but think of the precedent this is setting!

Never in the history of money has there been the ability to just "Rollback" to a point prior to a theft. This is like if bank robbers got away with 2 million dollars, and the next day the money was back in their vault, while the robbers are now magically holding worthless monopoly money.

This really has the potential to change the way that the world sees crypto - it is a tangible benefit that fiat money will never be able to provide. If it goes off smoothly I have no doubt we'll see this in Forbes at the minimum, since they already are fairly crypto-friendly.

you need to think a bit more:

not only the "robber" is punished, but everyone else who bought coins for BTC/FIAT between the hack/whatever and the time of the rollback, and everybody who sold will still have their coins +  BTC/FIAT.
If you call that a good situation you should not be allowed to handle money at all.

This is without a question a terrible solution, and should not be done.

yes that would be very bad....for the people that stole the shit.

[buy4crypto]

btw, the rollback doesn't even affect the hackers. They probably already dumped the VRCs after they read about whats going to happen in order to switch the blockchain. The people who are affected by this rollback are the holders in the community and only the holders in the community. And the only one who benefits from the rollback is MintPal.

Patrick, I urge you to not do that. Please don't let an exchange decide about things like this. And I am not only saying this because I am losing money I have in VRC.

Not enough volume to dump, and if you listen to the devs, the money never moved or was sold. This makes it a easy rollback

[Kgman]

Hard Fork is dangerous and stupid ............did bitcoin hard fork after Mtgox no ............its MP fault let them suffer ............no Fork if ur dumb enough to leave ur shit on MP u deserve to lose

[chunkyjunkie]

btw, the rollback doesn't even affect the hackers. They probably already dumped the VRCs after they read about whats going to happen in order to switch the blockchain. The people who are affected by this rollback are the holders in the community and only the holders in the community. And the only one who benefits from the rollback is MintPal.

Patrick, I urge you to not do that. Please don't let an exchange decide about things like this. And I am not only saying this because I am losing money I have in VRC.

The 8 mil was done in one swoops, can see them.

[noerc]

btw, the rollback doesn't even affect the hackers. They probably already dumped the VRCs after they read about whats going to happen in order to switch the blockchain. The people who are affected by this rollback are the holders in the community and only the holders in the community. And the only one who benefits from the rollback is MintPal.

Patrick, I urge you to not do that. Please don't let an exchange decide about things like this. And I am not only saying this because I am losing money I have in VRC.

Not enough volume to dump, and if you listen to the devs, the money never moved or was sold. This makes it a easy rollback

So you're saying the hackers now sit on that VRC and wait until their attack becomes worthless? Sounds weird to me.

[chunkyjunkie]

Hard Fork is dangerous and stupid ............did bitcoin hard fork after Mtgox no ............its MP fault let them suffer ............no Fork if ur dumb enough to leave ur shit on MP u deserve to lose

You really don't understand they must fork and that it is best for the community also?  Mostly the hackers will lose.  Without the fork 51% attack...

[XbladeX]

Because one guy can rollback coin... this is evidence

You need to learn a little more of the concept of what a hard fork is. If 'one guy' attempted a hard fork and the rest of the coin's community did not accept it, do you know what happens? Nothing. No fork takes place.
We have been told why a fork needs to occur, but it requires the majority to accept it. So, no, it is not 'one guy' performing a hard fork, it is the community.
Decentralised.
Check-and-mate, ignoramus.

"
1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. " = rollback in short ( https://support.mintpal.com/index.php?module=announce&sec=view&id=17 )

Have little guys decided about that hard fork or you got solution and have to accept it ?
NO.  Devs and exchanges comes out with ultimate solution to save their business mostly.
Answers is no - those hard decision was taken by developer and exchange owners...
You can only accept it or no...
Try do the same with decentralized  BTC...
Check-and-mate, ignoramus.

[KidenceBgd]

Why VRC to pay for others mistakes? That's funny...I belive in devs and for me VRC as already BIG...