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

[smoothie]

TROLLING =/= difference of opinion. Get that straight.

[btminer8]

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.

Either way the coin is going to die...even if it is a slow death. They are delaying the inevitable. Trust has been broken by rolling back the chain because of 1 business fucking up. But who cares about miners of VRC who have now lost mining time on their hands.

epic fail

Okay coin is dead... why are you still here?

[bigc1984]

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.

Either way the coin is going to die...even if it is a slow death. They are delaying the inevitable. Trust has been broken by rolling back the chain because of 1 business fucking up. But who cares about miners of VRC who have now lost mining time on their hands.

epic fail

Okay coin is dead... why are you still here?

entertainment

[Bobsurplus]

VeriCoin Rollback = MASSIVE FAIL!

Trust is GONE

Coin will DIE!

[smoothie]

BTC was forked 100 times
LTC  forked many times
DRK forked twice last month

.........................ETC ................


VRC FORKED NOW  . SO WHAT ?

BTC and LTC were never forked due to a hack or scam of a business.

Get your facts straight.

[J9901]

VeriCoin Rollback = MASSIVE FAIL!

Trust is GONE

Coin will DIE!

Trust is gone? More like trust is gained.

You know what would've happened if there was no ROLLBACK? 51% on VRC easily. Or a dump of 8million VRC which is 30% of total supply. Either case would've destroyed VRC. Best solution was a rollback to protect the investors.

Go back to your CLOAK coin...LMAO

[chunkyjunkie]

So many new posters here that have no intrest in VRc yet are posting 10 times a minute trying to get a better price when it opens back up.

Nice to see what many of us said coming true, this attracted a lot of new investors who liked the idea of devs sticking around and fixing a coin instead of leaving the community to rot.

The devs could have just as easily moved on and created a new and improved coin with a different name, yet they stayed ( remember this was not a premine either )


How many coins had a major event out of their control due to a 3rd party's negligence and stayed around with no premine?

[smoothie]

Hi all,

just want to show support for the DEVs decision to hardfork the blockchain.

I like it, how finally somebody stands up against all these cryptothefts by protecting the property of community members and investors.

I am all for letting those thieves know, that they cannot screw up the vericoin blockchain. A hardfork will discourage them to try again, because they have nothing to gain. It will in fact protect the integrity of the blockchain, because property rights are respected here.

Bitcoin Foundation and DEVs thought/think they need to protect the integrity of their blockchain by never rolling back transactions even after considerable amounts of BTC were stolen. This only lead to more thefts, scams and fraud - up to the point, when mtgox itself went into bankruptcy under highly suspicious circumstances.
And now $-volume at the exchanges is falling and mainstream is scared away from bitcoin, because of all these thefts.

It is not more than a theory, that you cannot roll back fraudulent transactions, because it will discourage future investors - eventually it will be proven wrong.

That is just my opinion,

Thanx

If vericoin gets dumped, I will buy more.

Since you support the VRC devs decision please tell me what you think should happen with the next VRC hack or scam in the future? Same? Or double standard and not support roll backs ever?

[smoothie]

It's hard to see how VRC is going to come out of this well.

consider. Forks in BTC have been for technical reasons asfaik.

This ^ is not FUD but FACT.

[Alphi]

So if I bought VRC after 2 AM EST at Mintpal I will have my BTC back in my Mintpal BTC wallet and no VRC, correct?

most likely mintpal would roll back the trades that happened after the attack.
however there are no guarantees.

trades that happen on exchanges do not happen on the blockchain so anything the devs do does not directly affect what happened on the exchanges.. it is up to the individual exchange administrators to decide which trades and balances to honour if at all.

[smoothie]

Hi all,

just want to show support for the DEVs decision to hardfork the blockchain.

I like it, how finally somebody stands up against all these cryptothefts by protecting the property of community members and investors.

I am all for letting those thieves know, that they cannot screw up the vericoin blockchain. A hardfork will discourage them to try again, because they have nothing to gain. It will in fact protect the integrity of the blockchain, because property rights are respected here.

Bitcoin Foundation and DEVs thought/think they need to protect the integrity of their blockchain by never rolling back transactions even after considerable amounts of BTC were stolen. This only lead to more thefts, scams and fraud - up to the point, when mtgox itself went into bankruptcy under highly suspicious circumstances.
And now $-volume at the exchanges is falling and mainstream is scared away from bitcoin, because of all these thefts.

It is not more than a theory, that you cannot roll back fraudulent transactions, because it will discourage future investors - eventually it will be proven wrong.

That is just my opinion,

Thanx

If vericoin gets dumped, I will buy more.

so what happens if such a centralized dev team gets leaned upon by gov which includes a gag order not to say they are being leaned upon?

it looks like a single point off failure.

To me it sure looks like a single point of failure. Just persuade the devs of VRC and you can get your roll back or Bail out.

[smoothie]

here's the problem with a rollback: You sell me 100 oz. of GOLD, not fiat, not bitcoin, not pork bellies (tho the pork bellies wld be same as Au) for an equivalent amount of VRC.

You and I agree that VRC has value, so we agree to the exchange, I send you VRC, you ship me gold coins.

A bad man steals many VRC from MintPal. Blockchain gets rolled back. I get my VRC back.

*But I Still Have Your Gold.*

Ding ding ding....Bingo!

[damiano]

Done with vrc and mint

[chunkyjunkie]

Also love the fact that the FUD posters ignore the simple reason why it was not a choice but a necessity to fork to protect the community.

1 entity controlling 8 million coins that decided to stake them all would have had well over the 51% needed of the STAKING coins.

They will continue to ignore it.

[socal]

This has the potential to ruin the coin or result in it coming back stronger than ever. We still hold the remaining 70% so as long as vericoin holders continue to be so active, we're just fine here. Also keep in mind that exchanges will definitely update to the new wallet, and quite a bit was being held in exchanges, so it's not quite as difficult as it appears to reach 51%.

Of course the exchanges are going to update it is their ass on the line and the devs are literally giving them a hand out by supporting the hard fork idea.

whats your problem ?? you are here saying bullshit for more than 3 hours..
do you want to open ppl eye? hmm no.. you just want ppl to dump so you can buy it cheap

trust me... lol.. no one wants to buy.

I would. If this fork is successful and coins go back to their rightful owners.

You are just a bag holder trying to retain value in a coin that is obviously dead. The rightful owners of the coins are whoever used a security flaw to steal them, it's their reward.  

You sir are a FUD spewing idiot please do humanity a favor and remove yourself from the genepool and stop wasting our precious resources in the most expedient fashion, I'll even buy you the bullet to do it with.

"fud" is just a buzzword that people use as a way of discrediting others when no other means are available.

Wow theres really no reason to answer you anymore as you have proven beyond any doubt how fucking stupid you really are.

How bout this PM me your address and at some indeterminate point in the future I'll come hold you and your family hostage, steal everything you own, and maybe knock off your wife/gf/mom/daughter/husband/boyfriend/whatever. by your logic it isnt criminal I am exposing security flaws in your personal home defense systems. Therefore I am providing a service and bettering everything. What do ya say, sound good?

[smoothie]

How many rolls back in the future is the question?

The clear answer: As many as situations grant. Any and all thefts will be reversed. How's that for assurance, transparency and honesty?

Ultimately VRC will be worth what its community determines and supports. What's with all these familiar names (all associated one way or5 another with BC and The Black Hand, by the way) that never ever posted here and now come to post shit against hard forking and leaving the thieves with nothing? People add two plu two, come on!

"VRC, the PayPal of cryptos".  

[Bobsurplus]

How many rolls back in the future is the question?

The clear answer: As many as situations grant. Any and all thefts will be reversed. How's that for assurance, transparency and honesty?

Ultimately VRC will be worth what its community determines and supports. What's with all these familiar names (all associated one way or5 another with BC and The Black Hand, by the way) that never ever posted here and now come to post shit against hard forking and leaving the thieves with nothing? People add two plu two, come on!

"VRC, the PayPal of cryptos".  

+10000

This rollback is the biggest joke in crypto since Doge! :p

[Dadams]

Also love the fact that the FUD posters ignore the simple reason why it was not a choice but a necessity to fork to protect the community.

1 entity controlling 8 million coins that decided to stake them all would have had well over the 51% needed of the STAKING coins.

They will continue to ignore it.

Just so I understand correctly:
Are you saying that Mintpal (forgetting about the hack at the moment) already had the power to do a majority attack against the VRC network?
How is it different from the hacker owning the coin or Mintpal owning it?
Isn't the whole problem that it is just one entity owning the coin and able to attack the system?
If it isn't dangerous if Mintpal holds it, how is it suddenly dangerous now?

[chunkyjunkie]

How many rolls back in the future is the question?

The clear answer: As many as situations grant. Any and all thefts will be reversed. How's that for assurance, transparency and honesty?

Ultimately VRC will be worth what its community determines and supports. What's with all these familiar names (all associated one way or5 another with BC and The Black Hand, by the way) that never ever posted here and now come to post shit against hard forking and leaving the thieves with nothing? People add two plu two, come on!

"VRC, the PayPal of cryptos".  

+10000

This rollback is the biggest joke in crypto since Doge! :p

Welcome to the clueless club.  8 million coins staking would be well over the 51% of staking coins.  So doing nothing would be better?  It is what it is and many small individual coin holders will be saved instead of 1 hack thief making a lot of money.  Yeah I see your logic.

Again, the clueless club is rampant tonight led by smoothie.  Ask him for your membership card, you earned it.

[Shill]

Also love the fact that the FUD posters ignore the simple reason why it was not a choice but a necessity to fork to protect the community.

1 entity controlling 8 million coins that decided to stake them all would have had well over the 51% needed of the STAKING coins.

They will continue to ignore it.

Just so I understand correctly:
Are you saying that Mintpal (forgetting about the hack at the moment) already had the power to do a majority attack against the VRC network?
How is it different from the hacker owning the coin or Mintpal owning it?
Isn't the whole problem that it is just one entity owning the coin and able to attack the system?
If it isn't dangerous if Mintpal holds it, how is it suddenly dangerous now?

Are you really that dense? Um, mintpal didn't steal anyone's coins. They are holding them. The hackers stole the coins.

Quite different ways of obtaining them and one that's quite hostile don't you think?  Or I should ask do you think?