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

[Casu]

used as much as Bitcoin for daily transactions

You realise that any daily transactions are part of this roll back? If any merchants were accepting VRC as payment, they now have to go to Mintpal to ask for compensation. Imagine if Visa charged back 4 hours worth of payments and then told merchants that in order to get their money back they had to file a claim with an unaffiliated bank that they had arbitrarily chosen to rescue. How does this inspire trust?

[GridWorker]

My wallet is updated and all transactions are current, without having had to import wallet.dat.

Is this normal?

[GridWorker]

"Vericoin, the Paypal of Cryptos!"

I use paypal on a daily basis. So yeah it works for me the same as it will work for others.

[Artoodeetoo]

Its a decent update...

Its bad for vericoin.. There is no way this is good, but I do think its been handled well...

Root of the problem (IMO) is this is a mintpal issue.. Mintpal has an awesome UI, its fast, it can keep up with demand but it is still the subject to growing pains... This is a massive shot across the bows for them and will no doubt make them stronger, they cannot  f&^k up on how they store coins of they will put themselves out of business.. No doubt internal meetings are saying now "security, security, security"

Forget adding Isis and other Sh1t coins.. Get on with the job..... VRC have done the right thing, but they are the fall guys here which is a shame...

Ironically I think this will make mintpal stronger now going forward.. Hope is all sorts itself out for holders today.

[alwa1]

You can see all time vericoin volume on bittrex, and is actually about the average. Are you guys insane, you did not like what happened thats ok, most of you haven't even invested in vericoin. The decision is taken and only time will show what will happen.

[kehtolo]

used as much as Bitcoin for daily transactions

You realise that any daily transactions are part of this roll back? If any merchants were accepting VRC as payment, they now have to go to Mintpal to ask for compensation. Imagine if Visa charged back 4 hours worth of payments and then told merchants that in order to get their money back they had to file a claim with an unaffiliated bank that they had arbitrarily chosen to rescue. How does this inspire trust?

I think you'll find the number to be extemely low. Sunday.. using one of the altcoins.. how much sales volume you reckon?

Fuck all. Insignificant.. if there are any who got beef, it will be sorted.. security will be improved, lessons learned etc.

Devs and community acted in time to avert a catastrophe = Bullish.

I know the problem was with Mintpal, nobody else.. they will have to improve to win back trust and customers.. and we all move on.

[AzzX]

used as much as Bitcoin for daily transactions

You realise that any daily transactions are part of this roll back?

I asked this also: With these stolen coins, what is stopping them being traded on other exchanges prior to this fork?  given the time the fork took place it appears Mintpal has been given a second life whilst minorities given the middle finger so to speak.

[Flam]

Is the forked wallet out ?

[venlo]

why is this coin called vericoin to begin with?
What comes to my mind:
http://en.wikipedia.org/wiki/VeriChip

So this whole thing is just a testrun. You are the sheep.

http://vimeo.com/16231795

go upvote your own chipping with your money

[SpiryGolden]

As a news agency we will write about this un-fair method for all VeriCoin users . And this is not a right decision to be made , it ruins the trust in cryptocurrencies even more if people start doing reverses on their coin when stuff aren't happning the way they want . Also it looks exactly like what most people runned from : " Goverment bailing Banks fuck ups " now we are here and see " Cryptocurrencies bailout Exchanges Fuck Ups "

[virtuallann]

Fact of the matter is that this solution will have less of a detrimental effect on the market than if the thief was allowed to keep the coins.  Good job on the Devs in how they handled this.

It's amazing how these trolls don't give a fuck about the 8 Million worth of peoples coins that went missing, they'd rather nothing be done and the coin get flushed down the toilet.  This is the nature of immoral humans though.  They love to see people suffer to make themselves feel better.

[GridWorker]

 given the time the fork took place it appears Mintpal has been given a second life whilst minorities given the middle finger so to speak.

Up till now your idea is still complete speculation.

I would wait for things to be sorted out. As I mentioned all of my transactions became frozen, then were completed after they restarted. Nothing was lost. I doubt I would have issues bringing up a loss claim if I had proof (such as a backup which has been repeatedly prescribed).

[Casu]

used as much as Bitcoin for daily transactions

You realise that any daily transactions are part of this roll back? If any merchants were accepting VRC as payment, they now have to go to Mintpal to ask for compensation. Imagine if Visa charged back 4 hours worth of payments and then told merchants that in order to get their money back they had to file a claim with an unaffiliated bank that they had arbitrarily chosen to rescue. How does this inspire trust?

I think you'll find the number to be extemely low. Sunday.. using one of the altcoins.. how much sales volume you reckon?

Fuck all. Insignificant.. if there are any who got beef, it will be sorted.. security will be improved, lessons learned etc.

Devs and community acted in time to avert a catastrophe = Bullish.

I know the problem was with Mintpal, nobody else.. they will have to improve to win back trust and customers.. and we all move on.

That's not the point. I don't doubt that this has effected very few (if any) merchants this time. My point is that now it has happened once, how can anyone trust that it won't happen again? If I was a merchant there is no way that I would accept VRC as a form of payment after this.

[drkman]

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

[BadAss.Sx]

As a news agency we will write about this un-fair method for all VeriCoin users . And this is not a right decision to be made , it ruins the trust in cryptocurrencies even more if people start doing reverses on their coin when stuff aren't happning the way they want . Also it looks exactly like what most people runned from : " Goverment bailing Banks fuck ups " now we are here and see " Cryptocurrencies bailout Exchanges Fuck Ups "

yeah, promote exchange hacks and support hackers. You are crying about bank fuck ups, but you are attacking VRC. Stupid dick.

[GridWorker]

As a news agency we will write about this un-fair method for all VeriCoin users . And this is not a right decision to be made , it ruins the trust in cryptocurrencies even more if people start doing reverses on their coin when stuff aren't happning the way they want . Also it looks exactly like what most people runned from : " Goverment bailing Banks fuck ups " now we are here and see " Cryptocurrencies bailout Exchanges Fuck Ups "

As a "news agency" I hope you are not the editor, your grammar is atrocious.

[Bobsurplus]

As a news agency we will write about this un-fair method for all VeriCoin users . And this is not a right decision to be made , it ruins the trust in cryptocurrencies even more if people start doing reverses on their coin when stuff aren't happning the way they want . Also it looks exactly like what most people runned from : " Goverment bailing Banks fuck ups " now we are here and see " Cryptocurrencies bailout Exchanges Fuck Ups "

Can't wait to read your article!

[Artoodeetoo]

Makes you realise how much volume goes through mintpal...

They really should be making sure though their procs on cold storage are rock solid and that probably

DRK, XC, VRC, BC etc etc (ie the big boys) are subjesct to regular manual checks that the hot wallet is at the right level...

Hopefully they will do this going forward.

[XbladeX]

...
Root of the problem (IMO) is this is a mintpal issue.. ...

After party you forgot that 1/3 of all coins were stored on ONE exchange like in on line wallet...
POS systems as secure as they stakeholders are if you as majority trust exchange...
I don't see to regular people taking here risk of having coins in their wallets because if Mintpal wallet will be hacked again it will be rollback
if my wallet on local PC will be hacked i am lost.
I don't see point to keep money safe in local PC from VRC holder point of View mintpal is less risky place than local PC IMO.

[Casu]

Makes you realise how much volume goes through mintpal...

They really should be making sure though their procs on cold storage are rock solid and that probably

DRK, XC, VRC, BC etc etc (ie the big boys) are subjesct to regular manual checks that the hot wallet is at the right level...

Hopefully they will do this going forward.

What's the point in putting anymore effort into security? If something goes wrong then just roll back the blockchain.