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

[phzi]

Ok... seriously now people... this doesn't hurt crypto, and nor would no action.  It hurts VRC.

But, VRC is effectively dead in the water now, because the blockchain ledger can't be trusted.  And if you can't trust the ledger to not have mass blocks orphaned, the coin is as useful as dirt.


The most plausible explanation for today's events:
- MintPal fucked up with offline wallets or something similar
- MintPal lost access to or the private keys for the coins
- MintPal claims a hack with no proof
- "Stolen" coins just sit there, unmoved... ya right, they weren't stolen, they were lost.
- VRC devs come to MintPal's aid, alienate the intelegent parts of the crypto community, but somewhat save MintPal's face.

Later:
- VRC blockchain can't be trusted.
- VRC buy volume sinks to nothing.
- VRC network crumbles and slowly fades away.

[Bobsurplus]

I'm not sure how trying to ask a valid question in an adult manner equates to crying like a baby. Please, stop the personal attacks and actually explain how the rollback is not damaging to crypto.

Perhaps you must ask yourself why doing nothing is better for crypto? VRC devs are devoted to bring an all time mass coin to the public. The same public demands some security and safety to all the related scam messages around crypto. Devs did a 3 month development of the coin and that all would be destroyed with one single hack which isn't the fault of VRC devs after all. If they do nothing, the hack will destroy the trust. Not only in VRC, but also in other crypto coins. If they do something, the price will drop, but VRC has a strong community which are buying all those coins up and bring back the coin where it was.

Trust is the main goal of crypto. Not decentralization or a volatile price. Simply trust.

And all that trust is now lost. They should have noticed that mintpal had a hot wallet containing all those coins and should have had the investors pull coins off the site. They could have prevented this but they did not. Now they rollback and think all will be forgotten. Think again. This will be all over the press by tomorrow end of day.

Price will tank to ATL and wither away and die slowly.

[tigerwood0432]

This is mintpal update not the first one :

https://support.mintpal.com/index.php?module=announce&sec=view&id=18

[Casu]

Ok... seriously now people... this doesn't hurt crypto, and nor would no action.  It hurts VRC.

But, VRC is effectively dead in the water now, because the blockchain ledger can't be trusted.  And if you can't trust the ledger to not have mass blocks orphaned, the coin is as useful as dirt.

It hurts crypto because it sets a precedent. If VRC does recover from this then rolling back the blokchain becomes a valid course of action, and that road does not lead to good places.

[BadAss.Sx]

Price will tank to ATL and wither away and die slowly.

But you talk shit all the time, so i guess this message is also shit.

[phzi]

Ok... seriously now people... this doesn't hurt crypto, and nor would no action.  It hurts VRC.

But, VRC is effectively dead in the water now, because the blockchain ledger can't be trusted.  And if you can't trust the ledger to not have mass blocks orphaned, the coin is as useful as dirt.

It hurts crypto because it sets a precedent. If VRC does recover from this then rolling back the blokchain becomes a valid course of action, and that road does not lead to good places.

Hardly... real networks are never going to rollback the blockchain for external non-technical reasons.  Propose this kind of action for BTC or LTC - the community would laugh for ages.

This simply proves that these infant clone coins cannot be trusted.

VRC - It's like paypal... your coins might get charged-back anytime at the an an exchange's whim!

[professorY]

Ok... seriously now people... this doesn't hurt crypto, and nor would no action.  It hurts VRC.

But, VRC is effectively dead in the water now, because the blockchain ledger can't be trusted.  And if you can't trust the ledger to not have mass blocks orphaned, the coin is as useful as dirt.

It hurts crypto because it sets a precedent. If VRC does recover from this then rolling back the blokchain becomes a valid course of action, and that road does not lead to good places.

Or VRC simply becomes a pariah in the crypto community for having done such an irresponsible and short-sighted thing.

[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/survival mindset > Cold-hard principles/rules

Just my sharing.

[abercrombie]

Funny how vested interest turns Crytpo into some kind of religion for some people.  

You can't even make one little critique without being accused for blasphemy (FUD).    

If you really believe in VRC long term, you should be encouraging FUD so you can pick up more in the 0.0001's.  

[phzi]

Ok... seriously now people... this doesn't hurt crypto, and nor would no action.  It hurts VRC.

But, VRC is effectively dead in the water now, because the blockchain ledger can't be trusted.  And if you can't trust the ledger to not have mass blocks orphaned, the coin is as useful as dirt.

It hurts crypto because it sets a precedent. If VRC does recover from this then rolling back the blokchain becomes a valid course of action, and that road does not lead to good places.

Or VRC simply becomes a pariah in the crypto community for having done such an irresponsible and short-sighted thing.

This.  Bingo.  Exactly.

[Bobsurplus]

Price will tank to ATL and wither away and die slowly.

But you talk shit all the time, so i guess this message is also shit.

Why dont you look back at my post history before running your mouth. Each coin I proclaimed dead is either dead or dying.. All of them!
DCM EMC2 Harmony Crypt ect...

It's not talking shit if it's true.. you understand this right!

[Bobsurplus]

Ok... seriously now people... this doesn't hurt crypto, and nor would no action.  It hurts VRC.

But, VRC is effectively dead in the water now, because the blockchain ledger can't be trusted.  And if you can't trust the ledger to not have mass blocks orphaned, the coin is as useful as dirt.

It hurts crypto because it sets a precedent. If VRC does recover from this then rolling back the blokchain becomes a valid course of action, and that road does not lead to good places.

Or VRC simply becomes a pariah in the crypto community for having done such an irresponsible and short-sighted thing.

Not only VRC, the devs and maybe even mintpal. A lot of people put their reps on this!

[abercrombie]

Ok... seriously now people... this doesn't hurt crypto, and nor would no action.  It hurts VRC.

But, VRC is effectively dead in the water now, because the blockchain ledger can't be trusted.  And if you can't trust the ledger to not have mass blocks orphaned, the coin is as useful as dirt.


The most plausible explanation for today's events:
- MintPal fucked up with offline wallets or something similar
- MintPal lost access to or the private keys for the coins
- MintPal claims a hack with no proof
- "Stolen" coins just sit there, unmoved... ya right, they weren't stolen, they were lost.
- VRC devs come to MintPal's aid, alienate the intelegent parts of the crypto community, but somewhat save MintPal's face.

Later:
- VRC blockchain can't be trusted.
- VRC buy volume sinks to nothing.
- VRC network crumbles and slowly fades away.

Good theories.  

If the coins are stolen, they could be dumped anytime and I would grudgingly agree with a fork.  

If the private keys are indeed lost, this is a + for VRC and makes it even more scarce and I would disagree with a fork.

We need some proof of coins being stolen.

[BadAss.Sx]

Ok... seriously now people... this doesn't hurt crypto, and nor would no action.  It hurts VRC.

But, VRC is effectively dead in the water now, because the blockchain ledger can't be trusted.  And if you can't trust the ledger to not have mass blocks orphaned, the coin is as useful as dirt.

It hurts crypto because it sets a precedent. If VRC does recover from this then rolling back the blokchain becomes a valid course of action, and that road does not lead to good places.

Hardly... real networks are never going to rollback the blockchain for external non-technical reasons.  Propose this kind of action for BTC or LTC - the community would laugh for ages.

This simply proves that these infant clone coins cannot be trusted.

VRC - It's like paypal... your coins might get charged-back anytime at the an an exchange's whim!

BULLSHIT! No hard fork will be done when the coin is used like it supposed to be. This hard fork isn't hurting anyone except the hacker (are you the one?). It also doesn't hurt the trust in the coin, but it is what the fudders would like to spread. Why? So they can pick up the coin in a technical way so they can earn money from it.

Most of the dickheads here are spreading shit because they want to see VRC bleeding. All those shitheads are not talking about MP their fault, but simply are crying like little babies about how it is going to hurt the crypto world. Well, babyshit, these kind of hacks are hurting the crypto world. Simple. Don't cry when devs are trying to do something against it, because you've simply asked for it. Action - reaction and if you really don't understand that part of the deal, stay of the deal.

Now, fok off.

[BadAss.Sx]

Price will tank to ATL and wither away and die slowly.

But you talk shit all the time, so i guess this message is also shit.

Why dont you look back at my post history before running your mouth. Each coin I proclaimed dead is either dead or dying.. All of them!
DCM EMC2 Harmony Crypt ect...

It's not talking shit if it's true.. you understand this right!

You are talking shit simply because you are shit. You can't help it.

[amesterdamer]

The hardfork is done and the wallets are available for download.

Here's the step-by-step on how to do the update.

1. Do the backup of the wallet.dat and vericoin.conf (if you have this file)
2. Delete all files in folder leaving only the two files mention above.
3. Download the bootstrap file from: http://vericoin.info/downloads/bootstrap.dat and put it together in the folder with the other 2 files.
4. Download the wallet from http://vericoin.info
5. Install the wallet
6. Run the wallet and wait for synchronization

-- If you don't have the vericoin.conf file you can make one using this:
irc=0
server=0
listen=1
checklevel=2
txindex=1
staking=1
connect=supernode.vericoin.info
connect=supernode2.vericoin.info
connect=supernode3.vericoin.info
connect=supernode4.vericoin.info
connect=supernode5.vericoin.info

[Bobsurplus]

Price will tank to ATL and wither away and die slowly.

But you talk shit all the time, so i guess this message is also shit.

Why dont you look back at my post history before running your mouth. Each coin I proclaimed dead is either dead or dying.. All of them!
DCM EMC2 Harmony Crypt ect...

It's not talking shit if it's true.. you understand this right!

You are talking shit simply because you are shit. You can't help it.

Guess so.... Enjoy your bagholding!

[drkman]

Can't you just use a normal font? I don't see anything special in the content of your posts that warrants them being bigger thane everyone else's.

Anyway the price of VRC is irrelevant. Even if this does benefit VRC short term, this whole debacle is going to damage cryto as a whole. I have yet to see anyone address this point and unless you have and only ever will invest invest in a single coin then this is something everyone should be concerned with. Stop being so short-sighted, or at least explain to me how I am wrong.

Big font type + spam posts = attention hungry.

The roll back will be VRC's down fall. Come back in a year and see where VRC is at.

Kinda like how Bitcoin's fork to eliminate 184billion bitcoins from the blockchain in 2010 caused Bitcoin's downfall, huh.  LMFAO dumbass!

[phzi]

Ok... seriously now people... this doesn't hurt crypto, and nor would no action.  It hurts VRC.

But, VRC is effectively dead in the water now, because the blockchain ledger can't be trusted.  And if you can't trust the ledger to not have mass blocks orphaned, the coin is as useful as dirt.

It hurts crypto because it sets a precedent. If VRC does recover from this then rolling back the blokchain becomes a valid course of action, and that road does not lead to good places.

Hardly... real networks are never going to rollback the blockchain for external non-technical reasons.  Propose this kind of action for BTC or LTC - the community would laugh for ages.

This simply proves that these infant clone coins cannot be trusted.

VRC - It's like paypal... your coins might get charged-back anytime at the an an exchange's whim!

BULLSHIT! No hard fork will be done when the coin is used like it supposed to be. This hard fork isn't hurting anyone except the hacker (are you the one?). It also doesn't hurt the trust in the coin, but it is what the fudders would like to spread. Why? So they can pick up the coin in a technical way so they can earn money from it

This isn't a hard fork... learn your terminology.

What about private sales using VRC?  I sold someone a bunch of gold bricks and they paid in VRC. Now I don't have my gold or my VRC. Get it?  This is horrible and hurts anyone that was actually using the coin...

It massively hurts trust in the coin.  If you can't see that, you don't understand the value of cryptocurrencies at all.

[Bobsurplus]

35.5k, Still no volume..

Looks like its dying to me!

How about all you supporters show your support an buy some.. LMAO..

HAHAHAH