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

[sdmathis]

Any bank compromised of 2 million USD that was discovered hours later would not be resolved as easy. This is BIG news for the financial industry, and probably annoying to the technology purists who want you to care about there next anon feature, or the paranoid banker people.

This is what a coin will need to break the mold, and current stigmas and go mainstream. I bet on it

You are a complete retard.  VRC's dev team's actions have centralized and compromised the integrity of it's blockchain, period.  How do you not understand this?  What they have chosen to do is in fact a bad thing, not a good thing.

It may be a "lesser of two evils" (though that very is debatable), but it is still evil, nonetheless.

It's a done deal. If you don't like it, you're free to sell your VeriCoin if you own any. Now deal with it.

[sdmathis]

I think we need to wait for a technical explanation of what went wrong before we can draw any conclusions. VRC is still very new and enough coins were stolen to greatly affect the community, so the developer was stuck between a rock and a hard place on this one.

The problem is that VRC will now always be associated with this hard fork. The developers need to be clear going forward on what their response will be in the event of future hacks on Mintpal.

The roadmap of this coin still looks great compared to other alts and I think this will be remembered as a minor setback. I am hoping the coin gets dumped so I can purchase more.

Trust and security is #1. VRC and its devs have shown that this is not a secure coin given their actions.

Then invest in another coin.

[tigerwood0432]

I think we need to wait for a technical explanation of what went wrong before we can draw any conclusions. VRC is still very new and enough coins were stolen to greatly affect the community, so the developer was stuck between a rock and a hard place on this one.

The problem is that VRC will now always be associated with this hard fork. The developers need to be clear going forward on what their response will be in the event of future hacks on Mintpal.

The roadmap of this coin still looks great compared to other alts and I think this will be remembered as a minor setback. I am hoping the coin gets dumped so I can purchase more.

Trust and security is #1. VRC and its devs have shown that this is not a secure coin given their actions.

Ok so now , what coin do you want to promote ? what coin do you want us to invest in ?= please go straight to the point and stop your song

[RW-Stott]

I think we need to wait for a technical explanation of what went wrong before we can draw any conclusions. VRC is still very new and enough coins were stolen to greatly affect the community, so the developer was stuck between a rock and a hard place on this one.

The problem is that VRC will now always be associated with this hard fork. The developers need to be clear going forward on what their response will be in the event of future hacks on Mintpal.

The roadmap of this coin still looks great compared to other alts and I think this will be remembered as a minor setback. I am hoping the coin gets dumped so I can purchase more.

Trust and security is #1. VRC and its devs have shown that this is not a secure coin given their actions.

The fact that VRC dev's were so willing to hardfork the coin considering how extremely VAGUE mintpal's statement was... is just ridiculous.

The entire thing smells of scam.

[Celani10]

I think we need to wait for a technical explanation of what went wrong before we can draw any conclusions. VRC is still very new and enough coins were stolen to greatly affect the community, so the developer was stuck between a rock and a hard place on this one.

The problem is that VRC will now always be associated with this hard fork. The developers need to be clear going forward on what their response will be in the event of future hacks on Mintpal.

The roadmap of this coin still looks great compared to other alts and I think this will be remembered as a minor setback. I am hoping the coin gets dumped so I can purchase more.

Trust and security is #1. VRC and its devs have shown that this is not a secure coin given their actions.

if you don't like it get the fuck out and stop trying to make FUD


Devs did the right decision.

I have VRC and I support it

[smoothie]

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.

I guess you won't be asking for a hard fork should you get hacked or scammed out of VRC in the future? Okay thanks.

Mintpals' problem is not the VRC dev's problem. Obviously VRC devs think they are god in this decision making. Sounds a lot like the Federal Reserve giving failed banks more funny munny to bail them out because they fucked up.

[buy4crypto]

So this is what 2 million dollars worth of FUD looks like 


I am enjoying this you guys, Look at how mad those dudes are that its happening, they are watching 2 million be "STOLE" right back from em!

[InvestorPerson]

BLA BLA BLA BLA , DID BLACKCOIN DEVS ASKED YOU WHEN THEY  FORKED AND BC PRICES COLLAPSES ? , BC WILL TAKE YEARS TO GO UP AGAIN

damn you must be a hardcore optimist. BC won't see 20k for the rest of the year. if it survives that long

Ok so now , what coin do you want to promote ? what coin do you want us to invest in ?= please go straight to the point and stop your song

just rebrand vericoin to paypalcoin

[smoothie]

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.

My prediction: VRC and its devs' trust will be tarnished for a very long time.

[buy4crypto]

BLA BLA BLA BLA , DID BLACKCOIN DEVS ASKED YOU WHEN THEY  FORKED AND BC PRICES COLLAPSES ? , BC WILL TAKE YEARS TO GO UP AGAIN

damn you must be a hardcore optimist. BC won't see 20k for the rest of the year. if it survives that long

Ok so now , what coin do you want to promote ? what coin do you want us to invest in ?= please go straight to the point and stop your song

just rebrand vericoin to paypalcoin

Cool, thanks for your opinion, gnite

[prometheianz]

VRC sacrificed to preserve Mintpal profits.. sad.

[nvminer]

Cryptocurrency is created to be not regulated by authorities, such as countries. What happened to Vericoin today goes against this objective, because it is controlled by an exchange site. Suppose someday a country authority send request to the Vericoin development team about some Vericoin is held by some bad guys and the authority request a hard fork to remove those Vericoins, or send those coins to the country authority, based on what happened, I doubt the team will say no.

Question is not whether devs do it or not.
Question is CAN THEY DO IT?
And the answer is obviously YES, for every single cryptocurrency, IF they get backed by the majority of their miners.
So, all the crypto community will have to deal with this reality.
You should all help to get the right spin in terms of PR.

Always, they can do it, as long as they make ppl support their new fork.
The question is, DO THEY DO IT OR NOT? DO THEY GIVE IN TO THE AUTHORITY OR THEY OBEY THEIR INITIAL AIM FOR A CRYPTOCURRENCY: NOT REGULATED BY AUTHORITIES.
(don't want to use caps, but obviously you don't get my insight)

If they are regulated by authorities, what is the difference between it and centralized banks?

p.s. til now, my questions are not answered.

[smoothie]

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.

I know yeah? Why wasn't there a poll that the devs created to see community consensus first?

Their actions speak louder than anything they say.

[InvestorPerson]

Cool, thanks for your opinion, gnite

m'lady, it was an honour

[buy4crypto]

Cryptocurrency is created to be not regulated by authorities, such as countries. What happened to Vericoin today goes against this objective, because it is controlled by an exchange site. Suppose someday a country authority send request to the Vericoin development team about some Vericoin is held by some bad guys and the authority request a hard fork to remove those Vericoins, or send those coins to the country authority, based on what happened, I doubt the team will say no.

Question is not whether devs do it or not.
Question is CAN THEY DO IT?
And the answer is obviously YES, for every single cryptocurrency, IF they get backed by the majority of their miners.
So, all the crypto community will have to deal with this reality.
You should all help to get the right spin in terms of PR.

Always, they can do it, as long as they make ppl support their new fork.
The question is, DO THEY DO IT OR NOT? DO THEY GIVE IN TO THE AUTHORITY OR THEY OBEY THEIR INITIAL AIM FOR A CRYPTOCURRENCY: NOT REGULATED BY AUTHORITIES.
(don't want to use caps, but obviously you don't get my insight)

If they are regulated by authorities, what is the difference between it and centralized banks?

p.s. til now, my questions are not answered.

The difference is a mass audience ready to invest in something that breaks away from the current crypto mold of fraud and theft. They are waiting for a coin like VeriCoin that prevents theft using the technology, rather than being held hostage by the minority of purists.

[Whatzhub]

I've just caught up with the forum threads and not sure that an average person/investor would have the time to go through all the arguments of the hard fork posted here.

If in any case, they would be reading up the official statements from the Vericoin Developers here:
http://www.vericoin.info/downloads/Statement.pdf

And the official statements from the Mintpal Exchange here:
https://support.mintpal.com/index.php?module=announce&sec=view&id=17

What an average person would probably pick up from this would be:
1. Mintpal's security has been breached and hacked, hence less trust & extra caution to use them in the future
2. Vericoin's developers have stepped up to help protect the coin as well as it's community and investors
3. Rules are made to be broken, and it's up to whether you would prefer Batman (one who breaks rules and steps up to do the right thing) or the Cold Ruthless Law that states that there is nothing that can be done against a theft as it is against all principles of how a crypto should be.

Common sense with the right morals > Cold-hard principles/rules

Just my sharing.

[smoothie]

MintPal fucked up... it's not the VRC community's responsibility to fix this.  MintPal needs to cover the lost coins out of their own pocket - PERIOD.

If the VRC devs try to push a roll back, this coin is worse then dead in the water.  Obviously, if a rollback like this is possible, the blockchain cannot be relied upon as a fixed ledger, and therefore the coin is useless.

There were so many hacks with LTC and BTC exchanges yet never once did those developers resort to such actions. This shows the true colors of the VRC devs.

[Celani10]

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.

My prediction: VRC and its devs' trust will be tarnished for a very long time.

So you are here just to open people eyes?
You are losing your time to help us?

hahahahahahaha

Fuck off dude, you want cheap VRC

[smoothie]

MintPal fucked up... it's not the VRC community's responsibility to fix this.  MintPal needs to cover the lost coins out of their own pocket - PERIOD.

If the VRC devs try to push a roll back, this coin is worse then dead in the water.  Obviously, if a rollback like this is possible, the blockchain cannot be relied upon as a fixed ledger, and therefore the coin is useless.

I'm willing to bet some of you are the same person, so I'll pose this question to more than one of you since I doubt none of you will give an appropriate answer:

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

Please explain why.

The way the free market works is that failed businesses go out of business...not get bail outs or roll backs. That is why.

[smoothie]

Try do the same with decentralized  BTC...
Check-and-mate, ignoramus.

BTC has hard forked previously. You, sir, are merely insistent on baring your ignorance to the world.

BTC fork didn't roll back transactions this is difference...
Anyway here is hard decision to make and no winners at the and because of fail coin build mostly.
Don't get me wrong all types of coins have their problems.

The BTC hard forks did not involve rolling back anything due to a hack on an exchange. That should be made perfectly clear.