YoyodyneSystems
Legendary
 Offline
Activity: 1386
Merit: 1023
|
 |
July 15, 2014, 02:29:54 AM |
|
I think this incident will show that rollback options will need to be part of every
coin including Bitcoin in the case of catastrophic system damage such
as what happened with the 8 million coin theft.
Otherwise regular mainstream users will not trust Crypto with their money - ever.
Don't let archaic ideals cloud the future of this experiment. I think this VRC
case will be looked back on as a groundbreaking event that helped bring crypto to
the masses.
Trust makes money work.
It's only logical that the system can defend itself from attacks that can kill it.
I will favor investment in coins that have this capability myself.
No one wants to put their money into defenseless vapor.
|
|
|
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
Amalgamus
|
|
July 15, 2014, 02:30:11 AM |
|
he sent 100k's to multiple exchanges to put up sell walls to protect the price of the coins, it was psnoker on irc saying this and multiple exchange reps confirmed it. so he takes the loses and not the community. lol.
yet the majority of people didnt have access to their funds even if they wanted to sell
what a joke and scam.
Futhermore he as already stated that the 3 devs all together didn't even detain something close to a million vrc. Only phone calls to the other exchanges were necessary for them to take the appropriate measures when the hacking at MP happened. But I am sure that we will have the answers tonight as there is a hangout on the agenda for the Devs to clarify all doubts. I say tonight but for US it's tomorrow night I think. |
|
|
|
|
|
Shinraven
|
|
July 15, 2014, 02:30:36 AM |
|
So I have some questions to ask those who clearly have an opinion to what took place. Consider the following.
1) Since you are on these forums, it is safe to assume that you are invested in some coin(s)
2) Say Someone or a group of individuals commit a crime (Theft), in which YOU are the victim of this crime.
Would you not be upset ? would you not feel violated ? Since when is ok to for someone to commit a crime and let the attacker get away with ? Would you not seek justice ? So i guess it's ok for someone to attack a man or woman then laugh in their face and blame them? do you not have the right to defend yourself ?
Please enlighten me
|
|
|
|
|
clovis A.
Legendary
Offline
Activity: 1206
Merit: 1000
|
|
July 15, 2014, 02:33:52 AM |
|
Is there a new wallet out guys after the problems?
My current wallet wont sync
Download it at their website (and nowhere else) I downloaded from the website. My wallet seems to be fine, unless I'm staking. After staking for 15-30 minutes my wallet goes out of sync. Anyone have an explanation? I was having the same issue, I imagine this is the work the developers are doing today to continue to work tirelessly to resolve this issue for the community. Try to download it with the bootstrap file and be patient, took me like 10 minutes before it looked like it was moving, so save wallet file and redownload, make sure boostrap file is clicked. I haven't had that issue since the bootstrap DL I did download with the bootstrap. I followed effects to cause instructions from earlier this morning. Like you said, it must be the work they are doing to strengthen the network because my wallet is good to go again. I'm just gonna sit tight and see what happens...... Lol, well my wallet is out of sync again. See what happens i guess..... save your wallet.dat file, delete all other vericoin files and download it again, make sure you click on the bootstrap box. I have been staking since the boostrap update with no issue, prior to bootstrap dl, I would freeze with 1000+ blocks unverified. They are working on it. I'm patient. I will try what you said though. Thanks for the assist! Let you know how it goes.... Okay, I deleted everything but the wallet.dat and dowloaded again, making sure bootstrap box was checked..... Still stuck trying to sync with 1000+ blocks remaining. FYI, I'm using the Windows download. Any suggestions, or should I just wait until the smoke clears and see what devs have to say once they get a better handle on this? If that didn't work then IMO just hold tight if you don't need to move any funds. Within a couple hours we will likely need to update. Gotta admit, I'm getting a little worried bout my coins. Still can"t get my wallet to sync..... unfortunately, I'm on call right now and just got called out. Gonna have to pop in here tomorrow hopefully..... shitty week to be on call, this really worries me, especially since i have to leave things up in the air like this. Like i said, hopefully i can get in here tomorrow to get some help..... |
.
|
| .
| .
|
| s i a
| .
|
| .
| .
|
| .
| .
|
| .
| .
|
| .
| .
|
| .
Cloud storage is about to change
Are you ready?
|
|
|
|
|
warr1979
|
|
July 15, 2014, 02:34:30 AM |
|
So I have some questions to ask those who clearly have an opinion to what took place. Consider the following.
1) Since you are on these forums, it is safe to assume that you are invested in some coin(s)
2) Say Someone or a group of individuals commit a crime (Theft), in which YOU are the victim of this crime.
Would you not be upset ? would you not feel violated ? Since when is ok to for someone to commit a crime and let the attacker get away with ? Would you not seek justice ? So i guess it's ok for someone to attack a man or woman then laugh in their face and blame them? do you not have the right to defend yourself ?
Please enlighten me
Only in the crypto world do people defend criminals. If we can find the people who did this in take matters into our own hands and NO punishment from the law then no roll back. But we can't so if you can protect the people you do it! I still feel for the people who got screwed from Mtgox. How can I we or anyone promote crypto to the masses if we allow this to go on without trying to fight back. |
|
|
|
|
|
warr1979
|
|
July 15, 2014, 02:35:21 AM |
|
Is there a new wallet out guys after the problems?
My current wallet wont sync
Download it at their website (and nowhere else) I downloaded from the website. My wallet seems to be fine, unless I'm staking. After staking for 15-30 minutes my wallet goes out of sync. Anyone have an explanation? I was having the same issue, I imagine this is the work the developers are doing today to continue to work tirelessly to resolve this issue for the community. Try to download it with the bootstrap file and be patient, took me like 10 minutes before it looked like it was moving, so save wallet file and redownload, make sure boostrap file is clicked. I haven't had that issue since the bootstrap DL I did download with the bootstrap. I followed effects to cause instructions from earlier this morning. Like you said, it must be the work they are doing to strengthen the network because my wallet is good to go again. I'm just gonna sit tight and see what happens...... Lol, well my wallet is out of sync again. See what happens i guess..... save your wallet.dat file, delete all other vericoin files and download it again, make sure you click on the bootstrap box. I have been staking since the boostrap update with no issue, prior to bootstrap dl, I would freeze with 1000+ blocks unverified. They are working on it. I'm patient. I will try what you said though. Thanks for the assist! Let you know how it goes.... Okay, I deleted everything but the wallet.dat and dowloaded again, making sure bootstrap box was checked..... Still stuck trying to sync with 1000+ blocks remaining. FYI, I'm using the Windows download. Any suggestions, or should I just wait until the smoke clears and see what devs have to say once they get a better handle on this? If that didn't work then IMO just hold tight if you don't need to move any funds. Within a couple hours we will likely need to update. Gotta admit, I'm getting a little worried bout my coins. Still can"t get my wallet to sync..... unfortunately, I'm on call right now and just got called out. Gonna have to pop in here tomorrow hopefully..... shitty week to be on call, this really worries me, especially since i have to leave things up in the air like this. Like i said, hopefully i can get in here tomorrow to get some help..... Keep at it I got my coins took a few times and Im not that bright when it comes to this!! |
|
|
|
|
abercrombie
Legendary
Offline
Activity: 1159
Merit: 1001
|
|
July 15, 2014, 02:35:27 AM |
|
|
|
|
|
|
jerrylemon
Newbie
Offline
Activity: 18
Merit: 0
|
|
July 15, 2014, 02:54:18 AM |
|
ask ben bernake.....errrr... psnoker
|
|
|
|
|
jerrylemon
Newbie
Offline
Activity: 18
Merit: 0
|
|
July 15, 2014, 03:02:30 AM |
|
So I have some questions to ask those who clearly have an opinion to what took place. Consider the following.
1) Since you are on these forums, it is safe to assume that you are invested in some coin(s)
2) Say Someone or a group of individuals commit a crime (Theft), in which YOU are the victim of this crime.
Would you not be upset ? would you not feel violated ? Since when is ok to for someone to commit a crime and let the attacker get away with ? Would you not seek justice ? So i guess it's ok for someone to attack a man or woman then laugh in their face and blame them? do you not have the right to defend yourself ?
Please enlighten me
Only in the crypto world do people defend criminals. If we can find the people who did this in take matters into our own hands and NO punishment from the law then no roll back. But we can't so if you can protect the people you do it! I still feel for the people who got screwed from Mtgox. How can I we or anyone promote crypto to the masses if we allow this to go on without trying to fight back. not when the dev is just as shady as the criminals |
|
|
|
|
pb2014
Newbie
Offline
Activity: 32
Merit: 0
|
|
July 15, 2014, 03:08:52 AM |
|
Why da fuq did Mintpal hold 8mil Vericion's($2mil) in a hot wallet. I want a good explanation.
|
|
|
|
|
|
socal
|
|
July 15, 2014, 03:15:02 AM |
|
The sockpuupet bullshit FUDsters still here? damn was hoping that they woulda finally gone and killed themselves, oh well if they keep posting I'll just keep spamming the revelations of yesterday NO MATTER HOW OFTEN THEY REPORT THAT SHIT TO MODERATORS LOL
It's pretty damn funny that when you troll the trolls they get butthurt and report everything to the mods but god forbid anyone hold them to that same standard
|
|
|
|
|
BitcoinPorn
|
|
July 15, 2014, 03:16:53 AM |
|
"PLEASE NOTE: WE ARE NO LONGER ACCEPTING PAYPAL AS PAYMENT. Due to persistent scammers using PayPal chargebacks, we have decided to stop accepting PayPal. This is a shame for all those genuine customers who benefitted from the speed and efficiency of PayPal. WE NOW ONLY ACCEPT BITCOIN OR LITECOIN AS PAYMENT" Sad times for Litecoinfever, they have disabled being able to buy coins with Paypal. However they are still open and anyone can buy Vericoin directly with Bitcoin or Litecoin. Anyways, just posting this as an alternate way for people to buy coins http://litecoinfever.com/If you check their twitter feed, they offer deals through the day that last 30min/hour, so it's worth checking it https://twitter.com/LitecoinFever |
|
|
|
|
|
|
ozboy2014
|
|
July 15, 2014, 03:18:05 AM |
|
I am a simple "mum/dad investor" and as far as I am concerned, the Devs have done an excellent job in protecting the integrity of the coins. For VRCs to be seen as a coin that we can trust by the wider community, we need to see that these fuckwit criminals can't just get away with stealing people's hard earned investments going forward...
I understand that the main reason of the rollback was to protect against the potential 51% attack and I am NOT condoning the actions of Mintpal.They should be held accountable. Those of you who've transacted after/between/during the fork should be reimbursed/honoured by Mintpal at their own expenses i.e. if they want to regain people's trust. The decision to rollback was also done with the major consent of the community (I believe 70% supported the rollback) so those of you who are FUDDING because you have nothing else better to do, perhaps its time to move on. If you have lost some coins then please take it up with MP otherwise SHUT DA FUCK UP!
|
|
|
|
|
|
BitcoinPorn
|
|
July 15, 2014, 03:19:43 AM |
|
Why da fuq did Mintpal hold 8mil Vericion's($2mil) in a hot wallet. I want a good explanation.
“We did have cold storage setup for VRC, however in this instance, due to an error for which only we can be accountable, we had transferred far fewer coins than was required, resulting in a large proportion of coins being left in the hot wallet.” http://www.coindesk.com/bitcoin-protected-vericoin-stolen-mintpal-wallet-breach/--- While I do not see this as a "good" explanation, it is their explanation. I sadly see it as a way they were earning interest off of other peoples coins, but who knows. |
|
|
|
|
tigerwood0432
|
|
July 15, 2014, 03:20:59 AM |
|
I am a simple "mum/dad investor" and as far as I am concerned, the Devs have done an excellent job in protecting the integrity of the coins. For VRCs to be seen as a coin that we can trust by the wider community, we need to see that these fuckwit criminals can't just get away with stealing people's hard earned investments going forward...
I understand that the main reason of the rollback was to protect against the potential 51% attack and I am NOT condoning the actions of Mintpal.They should be held accountable. Those of you who've transacted after/between/during the fork should be reimbursed/honoured by Mintpal at their own expenses. if they want to regain people's trust. The decision to rollback was also done with the major consent of the community (I believe 70% supported the rollback) so those of you who are FUDDING because you have nothing else better to do, perhaps its time to move on. If you have lost some coins then please take it up with MP otherwise SHUT DA FUCK UP!
+ 1 if these dickheads fudder has lost 80k vrc = 35 btc worth = they will be crying yesterday lol = what hypocrites |
|
|
|
|
amirmass
|
|
July 15, 2014, 03:23:09 AM |
|
FUD is over..
26 btc buy today, the chinese dude still in, whales bought all the way up to 42 last week, people are staking coins out off exchanges, chart looks healthy
expect a new high in vrc today or tomorrow, then 300k in 3 weeks
|
|
|
|
Bobsurplus
Legendary
Offline
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
|
|
July 15, 2014, 03:27:10 AM |
|
FUD is over..
26 btc buy today, the chinese dude still in, whales bought all the way up to 42 last week, people are staking coins out off exchanges, chart looks healthy
expect a new high in vrc today or tomorrow, then 300k in 3 weeks
LMAO.. This coin is a joke! |
|
|
|
|
|
Shinraven
|
|
July 15, 2014, 03:27:35 AM |
|
I am a simple "mum/dad investor" and as far as I am concerned, the Devs have done an excellent job in protecting the integrity of the coins. For VRCs to be seen as a coin that we can trust by the wider community, we need to see that these fuckwit criminals can't just get away with stealing people's hard earned investments going forward...
I understand that the main reason of the rollback was to protect against the potential 51% attack and I am NOT condoning the actions of Mintpal.They should be held accountable. Those of you who've transacted after/between/during the fork should be reimbursed/honoured by Mintpal at their own expenses i.e. if they want to regain people's trust. The decision to rollback was also done with the major consent of the community (I believe 70% supported the rollback) so those of you who are FUDDING because you have nothing else better to do, perhaps its time to move on. If you have lost some coins then please take it up with MP otherwise SHUT DA FUCK UP!
Well put!  |
|
|
|
|
neurorit
Member
Offline
Activity: 184
Merit: 10
Qidex Exchange
|
|
July 15, 2014, 03:28:55 AM |
|
Well since you're a mum/dad investor maybe you should invest into Paypal instead of the Paypal of the alt world. If you're going to use a platform that requires trust wouldn't you rather it be insured and have years proving they're trust worthy? Every service VeriCoin offers is taking a shortcut as far as crypto is concerned. Closed source, cenrtralized. VeriSMS = centralized VeriBit = centralized VeriSend = centralized. Centralized means it has a central point of failure which is the opposite of what a trustless distributed system aims to accomplish. VeriCoin should stop calling itself a decentralized cryptocurrency and register as corporation and sell stocks because that's essentially how they're operating. And you think you can trust them when scams are so rampant in this space? I'm not fudding. I'm trying to educate. Another thing since you're saying you're simple, as if to give yourself an excuse to not do your due diligence. PoS coins used the way this coin is being used is extremely insecure. 30% all on one wallet is worse than Ghash.Io having more 50% of bitcoins hashrate. It's not wise to store value on such a weak network. That's not fud, that is common sense. I am a simple "mum/dad investor" and as far as I am concerned, the Devs have done an excellent job in protecting the integrity of the coins. For VRCs to be seen as a coin that we can trust by the wider community, we need to see that these fuckwit criminals can't just get away with stealing people's hard earned investments going forward...
I understand that the main reason of the rollback was to protect against the potential 51% attack and I am NOT condoning the actions of Mintpal.They should be held accountable. Those of you who've transacted after/between/during the fork should be reimbursed/honoured by Mintpal at their own expenses i.e. if they want to regain people's trust. The decision to rollback was also done with the major consent of the community (I believe 70% supported the rollback) so those of you who are FUDDING because you have nothing else better to do, perhaps its time to move on. If you have lost some coins then please take it up with MP otherwise SHUT DA FUCK UP!
|
|
|
|
|
Poll
