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

[BITCOINBITCH]

Just confirming new wallet works fine and the Veri I sent to Mintpal 30 seconds before VRC market was removed has arrived ok.

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[XbladeX]

....
That is is you want to have a guaranteed successful 51% attack...than 51% of the total coins STAKING....

barabbas you know that there are systems like PPC NOVA are using to prevent small amounts to make 51% attack
they are preventing it because of stake modyficators time stamps many  other combined solutions that only core coders understand not you...
At the end you have centralized CHECKPOINTs and no 51% attack is possible because of that...
POS system is not like just that you have 51%of stake and you will attack...
look how Nova is preventing 51% attack with having only 25% coins those technologies are known...
in fact when you have centralized checkpoint you are safe from 2x spend cause checkpoint servers will chose right chain for you...
Stop telling how you know POS while you are far away from tech aspects of case.
I am noob too but i know "a little more".


Tech info below ( BC in POS 2.0 pushed even further those security ... )
____________________

http://coinwiki.info/en/Novacoin
Stake generation issues
The main proof-of-stake design problem is that unlike proof-of-work hashing rate, stake weight could be used multiple times without any overhead. It allows potential attacker to repeat his attempts to generate consecutive stakes until he will get lucky enough. And there is high probability to success without holding large stake, 20–25% of total weight (not coins) will be more than enough. Attacker can retry his attempts to generate consecutive stakes 1,000, 50,000, or 1 million times without any problem, using the same outputs.[12][13]
This could be worked around using centralized check-pointing. Novacoin creators resolved this issue using balanced weighting scheme.[14]

Centralized check pointing
As PPCoin ideas descendant, Novacoin is not truly a decentralized currency as it still requires centralized check pointing to avoid several issues.[15] The Novacoin developer has announced however that this check pointing is only a temporary measure which will be removed once the currency grows sufficiently stable. The centralized checkpoints feature could be disabled manually using -nosynccheckpoints option for official client.

[btcsnippers]

Vericoin= the paypal of crypto

Hi fudhole, we don't care about the shit what is coming out of your mouth. We know, and you also, that this coin is here to stay. So please, fud more and more and more and eventually i pick up the cheaper ones. And again...and again, just to let you know your shit ain't worked for 1 second.

So keep working for me bitch. This is a new form of slavery. I get everything and you get nothing but shit all over your cumface.

Like it already?

While I dont agree with the wording i do agree with the sentiment

[clovis A.]

Straw poll shows overwhelming support for the Fork.

Please vote if you have not, We should post these results in the google hangout.

Go vote against it if you disagree. Its the best way to see what the community thinks whether you agree or disagree, please go vote.

http://strawpoll.me/2108265

Done! Agree!!

[smalltimer]

Seems this thread is full of fudders and people trying to ruin the coin! Have seen this same "shiit" at other coins, even 51% attacks that cost money are / were something that happened to another coin for more than a couple of weeks. These kind of attacks / crap was done just to ruin the image from the coin and also the alt scene!

The thread is full of fanboys, blind and unable to think more than one second.
Fanboys have a common behaviour : as soon as someone gives real argument, fanboys have only one answer : "fud"

How old are you guys?

it's not a currency, it's a cult

[bigc1984]

so is this coin officially calling itself 'paypal of cryptos' ? Isn't that embarrassing?

[kehtolo]

so is this coin officially calling itself 'paypal of cryptos' ? Isn't that embarrassing?

No - that's a slander from someone. Yes.

[BadAss.Sx]

so is this coin officially calling itself 'paypal of cryptos' ? Isn't that embarrassing?

No, it's not. You know why? Millions are complaining about PP, but billions are using it. There is no better aim then that.

Now, fok off.

[bigc1984]

ROLLBACK SCAM

This COIN is a MASSIVE FAILURE 

ROLLBACK SCAM

+1

[bigc1984]

ROLLBACK SCAM

This COIN is a MASSIVE FAILURE  

ROLLBACK SCAM

+1



so.. it's a scam?

[BadAss.Sx]

Yes, it's a scam. Please dump asap

[7vpo]

I purchased VRC daily. If done hardfork, my coins deleted before the hack ?

[abercrombie]

VeriCoin’s Response To MintPal’s Hacking Could Destroy Them
thecoinfront.com



Implications

While no one likes to see their coins stolen, and many members of the community are supportive of such an action, there are issues involved.

VeriCoin claims in their tweet to be "preserving decentralization", but by hardforking their blockchain they're making a decision for the entire community to help a group of investors who made a poor investment choice.

While their intentions may be altruistic, such an action does nothing to preserve decentralization. In fact, it does more to destroy it than if they had done nothing at all.

What is also unclear is what will happen to the legitimate transactions made after the coins were stolen. Will those be simply reversed and their transactions erased in order to preserve the greater good? Or will efforts be made to make these people whole again. Will VeriCoin holders have to appeal to a central authority in order to make sure their coins are returned to them?

[Conurtrol]

Here's another thought: What if the devs didn't agree to a rollback? Do you really think Mintpal could pay back 2 million dollars? What if they just closed up shop and took off with everyone's coins? What would you all be saying then?

[bigc1984]

I purchased VRC daily. If done hardfork, my coins deleted before the hack ?

yup.

[buy4crypto]

I purchased VRC daily. If done hardfork, my coins deleted before the hack ?

Your coins are safe, stop transfering for now until the new wallet is out today, this should complete the process, and the devs will have a hangout after and field all questions. Please attend!

Any coins in your wallet before the fork, are coins in your wallet after the fork.

[BadAss.Sx]

I purchased VRC daily. If done hardfork, my coins deleted before the hack ?

Don't worry bro, the only one who is losing it's coins is the hacker. Not you. Just stay relaxed and fud the fudsters. Much more fun to do

[Isokoira]

We agree that this situation looks like PayPal fraud department f**** . Yeah i stop using Paypal for over 1 year since Bitcoin . I have no idea what people say here that PayPal is successful as many bussines understand how much harm they actually do . But did they had any other option till Bitcoin ? No .

Also here is our article : http://247cryptonews.com/vericoin-lack-integrity-bailout-mintpal-mistake/  
Not much but we want people to find out how stuff are going on . If i had 30% of vericoin and i have been hacked i bet all my bitcoins that Vericoin Team wouldn't have moved a single finger . We had a few Vericoins , now heading on Bittrex to sold them all . This entire operation it's becoming shady . Oh sh*t can't dump ....bittrex has VRC disable .

Goverment - Bailouts Banks . Vericoin - Bailouts Mintpal

Wow, couldn't even get through the first paragraph of this article since it is very poorly written.  The grammar and spelling is horrible.  You call yourself an editor?  How do you expect people to read that garbage?  

[stormia]

I purchased VRC daily. If done hardfork, my coins deleted before the hack ?

yup.

Your blatant lies discredit anything truthful you may say

[buy4crypto]

I purchased VRC daily. If done hardfork, my coins deleted before the hack ?

Don't worry bro, the only one who is losing it's coins is the hacker. Not you. Just stay relaxed and fud the fudsters. Much more fun to do

Im shocked it didn't panic into 20s for even a minute. Looks like the only people here concerned are the ones without coins.

So many other cryptos have people trolling our thread today. Jealousy is a wonderful thing. It means we are getting somewhere, and maybe this is the right approach. If we didn't threaten someone, we wouldn't been attacked.