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

[cryptodevil]

IF hacker sold that coin rollback will steal coin from people who were innocent merchant/exchanges/individual traders but touched stolen coins...

Mintpal have said they will reimburse anyone who can show they lost funds as part of the rollback.

It's far cheaper for them to come up with a fistful of bitcoin in compensation for proven loss than it would have been for 8mil VRC.

[CryptoJohn]

IF hacker sold that coin rollback will steal coin from people who were innocent merchant/exchanges/individual traders but touched stolen coins...

Hasnt it already been proven that no VRC was moved from thief's wallet? Should this be the case then mintpal should step up and compensate anyone who lost because of this incident.

[buy4crypto]

Mintpal owes VeriCoin bigtime. It somehow seems through all this that people forget, VeriCoin was THE victim, not the criminal here. They moved to directly protect is own crypto from vulnerability, and the network voted to accept the changes. Nothing more, nothing less.

But indirectly, VeriCoin saved the whole exchange and every alt that was on Mintpal from a potential dump / run on the currencies. And Surely another black eye for crypto and exchanges. MintGox could have happened without such actions from VeriCoin.


VeriCoin saved crypto today, and all this trouble in the end may help grow us further than we could have ever got before.

[phzi]

the coin never moved from mintpal, hacker got nothing, thats the whole point of this.

VeriCoin 8million - thief 0

AKA: The coins were never stolen...  MintPal screwed up and lost their private keys, or something similar.

It's by and far a more reasonable explanation then any of the bullshit stories from MintPal and the VRC devs.

VRC - we bail out exchanges when they fuck up, and the cost of blockchain integrity.
MintPal - declared too big to fail by VRC.

It's like fiat in a crypto, lol....

Mintpal have said they will reimburse anyone who can show they lost funds as part of the rollback.

It's far cheaper for them to come up with a fistful of bitcoin in compensation for proven loss than it would have been for 8mil VRC.

Tip:  If you had a ton of VRC, you would have been very smart to send them from one address you own to another before the blockchain rollback occured. 
Then, contact mintpal, show them the transaction (which will have been reverted), and demand they reimburse you for your lost VRC from the private sale of <insert good here>.

Double your money! Woot.  Hopefully lots of people clued into this.

[buy4crypto]

the coin never moved from mintpal, hacker got nothing, thats the whole point of this.

VeriCoin 8million - thief 0

AKA: The coins were never stolen...  MintPal screwed up and lost their private keys, or something similar.

It's by and far a more reasonable explanation then any of the bullshit stories from MintPal and the VRC devs.

VRC - we bail out exchanges when they fuck up, and the cost of blockchain integrity.
MintPal - declared too big to fail by VRC.

It's like fiat in a crypto, lol...

Just curious. Is becoming mainstream bad? Because I don't see bitcoin getting any bigger without continued media attention. What do you prefer the next crypto related headline be?

Another in a long line of failures from the crypto community? Or a success?

[buy4crypto]

Alright everyone lets try and get ready, looks like on twitter they are getting the wallets ready and say its fixing the issues.

After everything is settled, those of you who wish for more clarity can join the google hangout hosted by VeriCoin developers.

[thensa]

R.I.P

Predicted price after the hardfork: 1 satoshi - assuming anyone is willing to trade this crap.

Can't believe the devs are so short sighted. You can't interfere with coins moving from one place to another. Stolen or not. This opens a bad precedent. People, whoever of you loses any coins make sure to contact the devs they will gladly hardfork the coin for you! They are so caring! Not...

Hardforking is admitting this is a P&D scheme. Hardforking is admitting that this is no currency, this is a toy in the hands of Mintpal and the devs.
It's against the nature and spirit of crypto currency. Why does an exchange dictate the shape of the blockchain? It's a disastrous and ill situation!

If the exchanges weren't greedy they could keep some sort of a insurance to pay people back in bitcoins for their losses. They make hundreds of bitcoins from transactions fees.

I am sure all the people who have been happily trading this "coin" post incident on other exchanges, that were not aware of the hardfork are going to be very happy the moment they notice that any legitimate trading they have done is going to vanish to thin air!

http://images.rapgenius.com/bmyad5iaf56zyh3kgtrreivxd.457x189x19.gif

[buy4crypto]

They are protecting the currency, Bitcoin had a 184 billion block created.

It was a unique situation at the time, It was worked out and bitcoin grew.


VeriCoin is the first to break the trend of accepting exchange failures that HURT THE COMMUNITY.


Why? Because they are capable and can, I dont know if any other crypto has had this oppertunity due to the fact they are too decentralized (btc), or incapable (bc). They never had the ability to act quick.  Ever thought about that? Maybe there is a good balance for centralization and decetralization that could work and bring in more people?

Not everything / everyone wants to be decentralized all the time. Its sad crypto puts itself in this box. I got nothing to hide. do you?

This coin will be bigger than ever.

[EtherCoin]

We've been alerted that there are a couple of forked chains right now still. Please, for safety of your coins, don't move them yet. We are determining the problem.

What will happen to those who made a buy and withdrawal on Poloniex after the wallet update?  Is Poloniex on the right chain?  Same question for Mint.

That's why Poloniex is not yet processing VRC withdrawals. They're making sure they are on the right chain.
From the announcement section: "VRC frozen temporarily while we wait for developers to address a new fork."

Exactly, inside Polo still trading going on cos is managed by their internal software, withdrawals are not temporarily not allowed since would be unsafe till the fork is completed and checked. Just that.

Pat just tweeted that will be around 1 hour more, new wallet is finishing comp.

Eth.

[lucates]

R.I.P

Predicted price after the hardfork: 1 satoshi - assuming anyone is willing to trade this crap.

Can't believe the devs are so short sighted. You can't interfere with coins moving from one place to another. Stolen or not. This opens a bad precedent. People, whoever of you loses any coins make sure to contact the devs they will gladly hardfork the coin for you! They are so caring! Not...

Hardforking is admitting this is a P&D scheme. Hardforking is admitting that this is no currency, this is a toy in the hands of Mintpal and the devs.
It's against the nature and spirit of crypto currency. Why does an exchange dictate the shape of the blockchain? It's a disastrous and ill situation!

If the exchanges weren't greedy they could keep some sort of a insurance to pay people back in bitcoins for their losses. They make hundreds of bitcoins from transactions fees.

I am sure all the people who have been happily trading this "coin" post incident, that are not aware of the hardfork are going to be very happy the moment they notice that any legitimate trading they have done is going to vanish to thin air!

Newbie with some wrong prognosis!

[EtherCoin]

omitted babbling

Activity: 6

Post with your real acc or get the fuck out

Now that I think, if you do that I wouldn't even see it cos I am sure I already got your main on ignore..

Eth.

[pnosker]

The new Linux and OS X wallets are up on the site http://www.vericoin.info as is the source code on http://www.github.com/vericoin/master. Bootstrap is available: http://vericoin.info/downloads/bootstrap.dat

Please update. We are building the Windows wallet now.

[DogTheHunter]

the coin never moved from mintpal, hacker got nothing, thats the whole point of this.

VeriCoin 8million - thief 0

AKA: The coins were never stolen...  MintPal screwed up and lost their private keys, or something similar.

It's by and far a more reasonable explanation then any of the bullshit stories from MintPal and the VRC devs.

VRC - we bail out exchanges when they fuck up, and the cost of blockchain integrity.
MintPal - declared too big to fail by VRC.

It's like fiat in a crypto, lol....

Mintpal have said they will reimburse anyone who can show they lost funds as part of the rollback.

It's far cheaper for them to come up with a fistful of bitcoin in compensation for proven loss than it would have been for 8mil VRC.

Tip:  If you had a ton of VRC, you would have been very smart to send them from one address you own to another before the blockchain rollback occured. 
Then, contact mintpal, show them the transaction (which will have been reverted), and demand they reimburse you for your lost VRC from the private sale of <insert good here>.

Double your money! Woot.  Hopefully lots of people clued into this.

I doubt very much that any exchange would say they got hacked if all they did was lose private keys or a password.

Exchange security is Nr.1 / Nr.2 issue, other than liquidity.

[mikesrevenge]

Rolling back really damages the integrity of the blockchain..

Should have switched to a new coin, and let the exchanges convert 1 for 1

Veri2coin

EDIT: Probably both needed to happen in this case for Vericoin to succeed.  Roll back to before the theft, then freeze markets and exchange for new coin.

[buy4crypto]

Rolling back really damages the integrity of the blockchain..

Should have switched to a new coin, and let the exchanges convert 1 for 1

Veri2coin

The integrity of the blockchain? It was to save the currency, and you can bet your ass we are going to work harder as a community to spread the coins around, more in personal wallets ect to help prevent from happening to us or anyone else in the future. The whole crypto world should be taking note and preventing this in there own respective coins before they are the target of an attack.

A lot of major currencies have gone through way worse forking issues that this.

[mikesrevenge]

The integrity of the blockchain? It was to save the currency, and you can bet your ass we are going to work harder as a community to spread the coins around, more in personal wallets ect to help prevent from happening to us or anyone else in the future. The whole crypto world should be taking note and preventing this in there own respective coins before they are the target of an attack.

A lot of major currencies have gone through way worse forking issues that this.

It wasn't the currency that needed saving...

[buy4crypto]

The integrity of the blockchain? It was to save the currency, and you can bet your ass we are going to work harder as a community to spread the coins around, more in personal wallets ect to help prevent from happening to us or anyone else in the future. The whole crypto world should be taking note and preventing this in there own respective coins before they are the target of an attack.

A lot of major currencies have gone through way worse forking issues that this.

It wasn't the currency that needed saving...

It was, if a hacker had 30% of the coin, whats more centralized than that?

Furthermore, we have to assume his intentions are not great correct?

It was the right choice, to directly save the currency, period.


Indirectly saving a mintgox situation and another round of negative news for alts and bitcoin in the media.

[tigerwood0432]

Message to the STUPID FUDDERS : Yo idiots , did you realize that vrc roolback  saved your asses, if  8 million vrc stolen = 1.45 MILLION EUROS GONE = MINTPAL WILL CLOSE ITS DOORS , AND YOUR LTC,BTC,ZS,MINT,TOR,MIN,VTC,......ALL GONE = you will trade with bananas . SO STFU. VRC community = please twitt it , post it , scream it to the world

[sdmathis]

Please don't feed the trolls.

[effectsToCause]

Hi Everyone, fork is complete with update 1.3.3!

Go here to download the new wallet: www.vericoin.info

Backup your wallet.dat first before proceeding, it's location is listed below for your system.

Windows:
We recommend uninstalling old VeriCoin program in remove programs control panel, then deleting everything but wallet.dat in your username\appdata\roaming\VeriCoin folder and running the default installer settings.  This will load up the full block and you will be on the splash screen for 30-60 minutes while it loads the blockchain data.

Mac:
We recommend deleting any current VeriCoin application if you have one.  Also delete everything but wallet.dat from user/library/applicationsupport/vericoin. Now put these two files in that directory as well: http://www.vericoin.info/downloads/vericoin.conf http://www.vericoin.info/downloads/bootstrap.dat.
Right click on "vericoin.conf.txt" and go to Get Info, now change the extension from "vericoin.conf.txt" to "vericoin.conf".  Open up the new VeriCoin install and you will sit at the splash screen for 30-60 minutes while the whole blockchain loads up.

Linux:
We recommend deleting everything from .vericoin but wallet.dat, putting these two files in this directory as well: http://www.vericoin.info/downloads/vericoin.conf http://www.vericoin.info/downloads/bootstrap.dat

Install necessary dependencies if you haven't already.  (Debian)
sudo apt-get install qt4-qmake libqt4-dev build-essential libboost-dev libboost-system-dev libboost-filesystem-dev libboost-program-options-dev libboost-thread-dev libssl-dev libdb++-dev libminiupnpc-dev libboost-all-dev libqrencode-dev git

You will sit at the splash screen for 30-60 minutes while the whole blockchain loads up.