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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1350924 times)
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July 13, 2014, 08:51:20 PM
 #7861


This is not even an option.

Blame Mintpal not Vericoin. Rollback is a must. If Vericoin doesn't rollback then it will be worth NOTHING. The coin will be DEAD.



There is a reason why Bitcoin transactions aren't arbitrarily reversed after thefts.

There shouldn't be a rollback. A hardfork to undo this is worse than the thief dumping the coins. Mintpal are just trying to erase their losses here.

Apples & oranges @ no time was almost 30% of ALL BTC stolen.

Firstly, it makes no difference just because it's a large number. Decentralisation and irreversibility are the two fundamental underpinning tenets of Bitcoin. I guarantee you, long term, Vericoin price will be hurt more by doing this rollback than just leaving it be. No new future investors will touch a coin that does something like this. Either way the price will be damaged by this, if some of you are naive enough to think a dirty rollback will "fix everything" and the price will carry on as normal, you are going to be in for a shock.

Secondly, there is not much of a difference between doing this once and doing it for every theft. It's a dangerous precedent.

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July 13, 2014, 08:51:29 PM
 #7862

What are you crying...the coins are coming back and it will give some shit on the chart, but the community are buying those coins as sweet ice cream in hot weather.

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July 13, 2014, 08:51:48 PM
 #7863

VeriCoin is dead no matter what, IMO, rollback or not. The best the devs could do is start a new coin and advice everyone to be smarter about coin storage. Hard-forking in this case is a misunderstanding and a disregard of the principles that bitcoin was founded on.

This isnt bitcoin.. its VERICOIN.
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July 13, 2014, 08:52:03 PM
 #7864

this why http://blackhalo.info/ is the future Wink Kiss

Bad form.
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July 13, 2014, 08:53:05 PM
 #7865

I need help to tag the other exchanges in the VeriCoin Explorer!

If you see your deposit address in these guesstimated wallets, PM me with the wallet url and the name of the exchange

http://chainz.cryptoid.info/vrc/wallet.dws?18192.htm
http://chainz.cryptoid.info/vrc/wallet.dws?20592.htm
http://chainz.cryptoid.info/vrc/wallet.dws?17657.htm

You don't have to tell me which address is yours, just that you spotted it in the list. I have suspicions, but community confirmation could accelerate things!

Note that the address balance will likely be incorrect, as your exchange balance is only known to the exchange balance.

The cryptoID.info explorers maintain a list of guesstimated largest wallets, like
http://chainz.cryptoid.info/vrc/#!wallets
The guesstimation is targeted at exchange wallets.

Hopefully this can be used in the future as a form of advanced warning that an exchange is getting too big/central to a crypto!

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July 13, 2014, 08:54:31 PM
 #7866


This is not even an option.

Blame Mintpal not Vericoin. Rollback is a must. If Vericoin doesn't rollback then it will be worth NOTHING. The coin will be DEAD.



Even a rollback is highly problematic because it compromises integrity of the blockchain.  Either way this is a tragedy...  I still cannot understand why VRC was the only target.

This is clearly a personal attack on Vericoin. What kind of an idiot would take 1/3 of the coins supply and hope that it won't be forked?
btcsnippers
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July 13, 2014, 08:54:47 PM
 #7867

its beeing Tweeted a lot but i havent seen any answers , Why did mintpal have 8 million in Hot wallets ??
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July 13, 2014, 08:55:32 PM
 #7868

VeriCoin is dead no matter what, IMO, rollback or not. The best the devs could do is start a new coin and advice everyone to be smarter about coin storage. Hard-forking in this case is a misunderstanding and a disregard of the principles that bitcoin was founded on.

it is not - bitcoin had over 100s of forks.

bitcoin and crypto is about decentralization and that doesnt equal no blockchain forks.

we the community will decide if we accept the fork by downloading and using the new wallet.

so much bullshit even from hero members, the only thing to die is probaly this forum Roll Eyes

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July 13, 2014, 08:56:03 PM
 #7869


This is not even an option.

Blame Mintpal not Vericoin. Rollback is a must. If Vericoin doesn't rollback then it will be worth NOTHING. The coin will be DEAD.



There is a reason why Bitcoin transactions aren't arbitrarily reversed after thefts.

There shouldn't be a rollback. A hardfork to undo this is worse than the thief dumping the coins. Mintpal are just trying to erase their losses here.

Apples & oranges @ no time was almost 30% of ALL BTC stolen.

Firstly, it makes no difference just because it's a large number. Decentralisation and irreversibility are the two fundamental underpinning tenets of Bitcoin. I guarantee you, long term, Vericoin price will be hurt more by doing this rollback than just leaving it be. No new future investors will touch a coin that does something like this. Either way the price will be damaged by this, if some of you are naive enough to think a dirty rollback will "fix everything" and the price will carry on as normal, you are going to be in for a shock.

Secondly, there is not much of a difference between doing this once and doing it for every theft. It's a dangerous precedent.


You going to answer my questions or ignore them like EVERYONE ELSE who is FUDDING right now?

So to put things in perspective, you'd be okay with absolutely nothing being done about a simultaneous 33% acquisition of the bitcoin supply by a malicious thief along with 51% of the network hash by that same person?

You think it'd be a better precedent to allow a thief complete control over the network in the name of "fundamental underpinning tenets?"


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KidenceBgd
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July 13, 2014, 08:57:40 PM
 #7870

Why ppl so stupid...?!
problem is Mintpal, no VRC....
VRC with this devs is already BIG...
STRONG HAND MAKE MONEY, WEAK HAND LOSE MONEY....
I <3 VRC !!!

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July 13, 2014, 09:00:46 PM
 #7871

its beeing Tweeted a lot but i havent seen any answers , Why did mintpal have 8 million in Hot wallets ??


A better question would be WHEN did the transfer from cold storage to hot wallet take place?  If it was soon before the attack took place, one would have to question MintPal because there may be something bigger going on here.

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July 13, 2014, 09:02:22 PM
 #7872


This is not even an option.

Blame Mintpal not Vericoin. Rollback is a must. If Vericoin doesn't rollback then it will be worth NOTHING. The coin will be DEAD.



There is a reason why Bitcoin transactions aren't arbitrarily reversed after thefts.

There shouldn't be a rollback. A hardfork to undo this is worse than the thief dumping the coins. Mintpal are just trying to erase their losses here.

Apples & oranges @ no time was almost 30% of ALL BTC stolen.

Firstly, it makes no difference just because it's a large number. Decentralisation and irreversibility are the two fundamental underpinning tenets of Bitcoin. I guarantee you, long term, Vericoin price will be hurt more by doing this rollback than just leaving it be. No new future investors will touch a coin that does something like this. Either way the price will be damaged by this, if some of you are naive enough to think a dirty rollback will "fix everything" and the price will carry on as normal, you are going to be in for a shock.

Secondly, there is not much of a difference between doing this once and doing it for every theft. It's a dangerous precedent.


You going to answer my questions or ignore them like EVERYONE ELSE who is FUDDING right now?

So to put things in perspective, you'd be okay with absolutely nothing being done about a simultaneous 33% acquisition of the bitcoin supply by a malicious thief along with 51% of the network hash by that same person?

You think it'd be a better precedent to allow a thief complete control over the network in the name of "fundamental underpinning tenets?"

Listen dumbass. In that situation a hacker isn't going to spend a week fucking around with the network and watching his $2million worth of of Vericoin become worthless as the price bombs on every exchange due to what he is doing. He will sell his Vericoin whilst they are still worth something.

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July 13, 2014, 09:04:14 PM
 #7873

do you guys think that vrc will be dumped when the market return?

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July 13, 2014, 09:05:39 PM
 #7874


This is not even an option.

Blame Mintpal not Vericoin. Rollback is a must. If Vericoin doesn't rollback then it will be worth NOTHING. The coin will be DEAD.



There is a reason why Bitcoin transactions aren't arbitrarily reversed after thefts.

There shouldn't be a rollback. A hardfork to undo this is worse than the thief dumping the coins. Mintpal are just trying to erase their losses here.

Apples & oranges @ no time was almost 30% of ALL BTC stolen.

Firstly, it makes no difference just because it's a large number. Decentralisation and irreversibility are the two fundamental underpinning tenets of Bitcoin. I guarantee you, long term, Vericoin price will be hurt more by doing this rollback than just leaving it be. No new future investors will touch a coin that does something like this. Either way the price will be damaged by this, if some of you are naive enough to think a dirty rollback will "fix everything" and the price will carry on as normal, you are going to be in for a shock.

Secondly, there is not much of a difference between doing this once and doing it for every theft. It's a dangerous precedent.


You going to answer my questions or ignore them like EVERYONE ELSE who is FUDDING right now?

So to put things in perspective, you'd be okay with absolutely nothing being done about a simultaneous 33% acquisition of the bitcoin supply by a malicious thief along with 51% of the network hash by that same person?

You think it'd be a better precedent to allow a thief complete control over the network in the name of "fundamental underpinning tenets?"

Listen dumbass. In that situation a hacker isn't going to spend a week fucking around with the network and watching his $2million worth of of Vericoin become worthless as the price bombs on every exchange due to what he is doing. He will sell his Vericoin whilst they are still worth something.

How is the hacker going to sell when no exchange will reopen trading until the fork is complete?

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July 13, 2014, 09:05:48 PM
 #7875

The bigger question is: Is Mintpal holding even more Coins, also Bitcoin in Hotwallets and not on cold storage?HuhHuh

This is for me, a reason, moving ALL my coins out of Mintpal. Thought this is a good exchange, but this showed me that they need much more security.

Sure, every exchange could be hacked, but it was Mintpal and not Poloniex/Bittrex/Cryptsy.

Think about it
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July 13, 2014, 09:05:58 PM
 #7876

do you guys think that vrc will be dumped when the market return?

Ofcourse, but i'm ready to pick them up.

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July 13, 2014, 09:06:41 PM
 #7877


This is not even an option.

Blame Mintpal not Vericoin. Rollback is a must. If Vericoin doesn't rollback then it will be worth NOTHING. The coin will be DEAD.



There is a reason why Bitcoin transactions aren't arbitrarily reversed after thefts.

There shouldn't be a rollback. A hardfork to undo this is worse than the thief dumping the coins. Mintpal are just trying to erase their losses here.

Apples & oranges @ no time was almost 30% of ALL BTC stolen.

Firstly, it makes no difference just because it's a large number. Decentralisation and irreversibility are the two fundamental underpinning tenets of Bitcoin. I guarantee you, long term, Vericoin price will be hurt more by doing this rollback than just leaving it be. No new future investors will touch a coin that does something like this. Either way the price will be damaged by this, if some of you are naive enough to think a dirty rollback will "fix everything" and the price will carry on as normal, you are going to be in for a shock.

Secondly, there is not much of a difference between doing this once and doing it for every theft. It's a dangerous precedent.


You going to answer my questions or ignore them like EVERYONE ELSE who is FUDDING right now?

So to put things in perspective, you'd be okay with absolutely nothing being done about a simultaneous 33% acquisition of the bitcoin supply by a malicious thief along with 51% of the network hash by that same person?

You think it'd be a better precedent to allow a thief complete control over the network in the name of "fundamental underpinning tenets?"

Listen dumbass. In that situation a hacker isn't going to spend a week fucking around with the network and watching his $2million worth of of Vericoin become worthless as the price bombs on every exchange due to what he is doing. He will sell his Vericoin whilst they are still worth something.

Yeah, hence the hardfork. They can't be quick about it and insta-dump or "fuck around" and slow-dump.

What's the problem now?


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     ▄▄██████████████▄▄
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July 13, 2014, 09:07:22 PM
 #7878

VRC was trading hard at the time, maybe thats why so many were in the hot wallet....

RE the hacker, he cannot sell, stolen coins are worthless, unless he does a private deal with some muppet on the old blockchain for them.. Thats why they are forking.

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July 13, 2014, 09:07:46 PM
 #7879


This is not even an option.

Blame Mintpal not Vericoin. Rollback is a must. If Vericoin doesn't rollback then it will be worth NOTHING. The coin will be DEAD.



There is a reason why Bitcoin transactions aren't arbitrarily reversed after thefts.

There shouldn't be a rollback. A hardfork to undo this is worse than the thief dumping the coins. Mintpal are just trying to erase their losses here.

Apples & oranges @ no time was almost 30% of ALL BTC stolen.

Firstly, it makes no difference just because it's a large number. Decentralisation and irreversibility are the two fundamental underpinning tenets of Bitcoin. I guarantee you, long term, Vericoin price will be hurt more by doing this rollback than just leaving it be. No new future investors will touch a coin that does something like this. Either way the price will be damaged by this, if some of you are naive enough to think a dirty rollback will "fix everything" and the price will carry on as normal, you are going to be in for a shock.

Secondly, there is not much of a difference between doing this once and doing it for every theft. It's a dangerous precedent.


You going to answer my questions or ignore them like EVERYONE ELSE who is FUDDING right now?

So to put things in perspective, you'd be okay with absolutely nothing being done about a simultaneous 33% acquisition of the bitcoin supply by a malicious thief along with 51% of the network hash by that same person?

You think it'd be a better precedent to allow a thief complete control over the network in the name of "fundamental underpinning tenets?"

Listen dumbass. In that situation a hacker isn't going to spend a week fucking around with the network and watching his $2million worth of of Vericoin become worthless as the price bombs on every exchange due to what he is doing. He will sell his Vericoin whilst they are still worth something.

thats why he stole 30% of all coins with one transaction right so everyone will instantly notice? pretty sure you are the dumbass here

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July 13, 2014, 09:08:19 PM
 #7880


This is not even an option.

Blame Mintpal not Vericoin. Rollback is a must. If Vericoin doesn't rollback then it will be worth NOTHING. The coin will be DEAD.



There is a reason why Bitcoin transactions aren't arbitrarily reversed after thefts.

There shouldn't be a rollback. A hardfork to undo this is worse than the thief dumping the coins. Mintpal are just trying to erase their losses here.

Apples & oranges @ no time was almost 30% of ALL BTC stolen.

Firstly, it makes no difference just because it's a large number. Decentralisation and irreversibility are the two fundamental underpinning tenets of Bitcoin. I guarantee you, long term, Vericoin price will be hurt more by doing this rollback than just leaving it be. No new future investors will touch a coin that does something like this. Either way the price will be damaged by this, if some of you are naive enough to think a dirty rollback will "fix everything" and the price will carry on as normal, you are going to be in for a shock.

Secondly, there is not much of a difference between doing this once and doing it for every theft. It's a dangerous precedent.


You going to answer my questions or ignore them like EVERYONE ELSE who is FUDDING right now?

So to put things in perspective, you'd be okay with absolutely nothing being done about a simultaneous 33% acquisition of the bitcoin supply by a malicious thief along with 51% of the network hash by that same person?

You think it'd be a better precedent to allow a thief complete control over the network in the name of "fundamental underpinning tenets?"

Listen dumbass. In that situation a hacker isn't going to spend a week fucking around with the network and watching his $2million worth of of Vericoin become worthless as the price bombs on every exchange due to what he is doing. He will sell his Vericoin whilst they are still worth something.

How is the hacker going to sell when no exchange will reopen trading until the fork is complete?

Have you even read the conversation? We are talking about a no fork scenario here.

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