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

[BitcoinPorn]

If you look at the history chart for VRC's staking power network-wide, there was a massive drop off of millions in weight when the hack is claimed to have happened. They didn't stake, my ass. Also, the coins were wild out of Mintpal's control for over 10 hours, exchanges were not frozen - yet they sat at the same two withdrawal addresses and did not move at all, and the fork was done the next day. What hacker do you know that wouldn't sell a single coin after stealing it? Mintpal is full of shit. This all looks much more like they lost the coins somehow, perhaps by transferring to an inaccessible address, or overwriting files they shouldn'tve - something. If they lost $2 mil USD, they were facing UK prison - so they tell the VRC devs they got hacked, Nosker is pressured to save his network against the possibility of a single majority-staker, and the userbase for both VRC and Mintpal get to scratch their heads over what the real story is behind all the shadows and bullshit.

One thing is for sure, Mintpal failed due to negligence and/or incompetence, and they're being less than honest about the details of the issue and how they operate their business. Nosker's hand was a bit forced to save his coin, considering the circumstances - but one can't help but wonder what he knew. His argument about throwing up massive sell walls on the exchanges to "help investors" doesn't make much sense to me. Wouldn't he want BTC walls to prevent the price crashing? Seems odd. Anyway, fuck Mintpal, and shame VRC got dragged into it.

Interesting theories.  I agree about the coins not being moved after being stolen is fishy as all hell.

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[tigerwood0432]

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

300 k in less than 3 weeks , see 13 million coins are staking : vrcstake.ticonerd.com = and people continue to download vrc wallet (for example , i just downloaded vrc wallet and will stake my 80K vrc) . HUGE investors  on cryptsy are sync their wallet to stake . = tomorow 100K vrc

[bigc1984]

If you look at the history chart for VRC's staking power network-wide, there was a massive drop off of millions in weight when the hack is claimed to have happened. They didn't stake, my ass. Also, the coins were wild out of Mintpal's control for over 10 hours, exchanges were not frozen - yet they sat at the same two withdrawal addresses and did not move at all, and the fork was done the next day. What hacker do you know that wouldn't sell a single coin after stealing it? Mintpal is full of shit. This all looks much more like they lost the coins somehow, perhaps by transferring to an inaccessible address, or overwriting files they shouldn'tve - something. If they lost $2 mil USD, they were facing UK prison - so they tell the VRC devs they got hacked, Nosker is pressured to save his network against the possibility of a single majority-staker, and the userbase for both VRC and Mintpal get to scratch their heads over what the real story is behind all the shadows and bullshit.

One thing is for sure, Mintpal failed due to negligence and/or incompetence, and they're being less than honest about the details of the issue and how they operate their business. Nosker's hand was a bit forced to save his coin, considering the circumstances - but one can't help but wonder what he knew. His argument about throwing up massive sell walls on the exchanges to "help investors" doesn't make much sense to me. Wouldn't he want BTC walls to prevent the price crashing? Seems odd. Anyway, fuck Mintpal, and shame VRC got dragged into it.

Interesting theories.  I agree about the coins not being moved after being stolen is fishy as all hell.

Has mintpal released logs proving their story yet?

[BitcoinPorn]

Richie Lai    
@richiela
Audit complete and everything cleaned up! #VRC @BittrexExchange ... If anything is off, please open a support ticket with us.

---

Finally!  

Time to stake

[neurorit]

If you look at the history chart for VRC's staking power network-wide, there was a massive drop off of millions in weight when the hack is claimed to have happened. They didn't stake, my ass. Also, the coins were wild out of Mintpal's control for over 10 hours, exchanges were not frozen - yet they sat at the same two withdrawal addresses and did not move at all, and the fork was done the next day. What hacker do you know that wouldn't sell a single coin after stealing it? Mintpal is full of shit. This all looks much more like they lost the coins somehow, perhaps by transferring to an inaccessible address, or overwriting files they shouldn'tve - something. If they lost $2 mil USD, they were facing UK prison - so they tell the VRC devs they got hacked, Nosker is pressured to save his network against the possibility of a single majority-staker, and the userbase for both VRC and Mintpal get to scratch their heads over what the real story is behind all the shadows and bullshit.

One thing is for sure, Mintpal failed due to negligence and/or incompetence, and they're being less than honest about the details of the issue and how they operate their business. Nosker's hand was a bit forced to save his coin, considering the circumstances - but one can't help but wonder what he knew. His argument about throwing up massive sell walls on the exchanges to "help investors" doesn't make much sense to me. Wouldn't he want BTC walls to prevent the price crashing? Seems odd. Anyway, fuck Mintpal, and shame VRC got dragged into it.

See this is the entire point. People are too cool with trusting devs and believing the first story they heard blah blah.

The entire point of crypto is that you don't have to trust anyone. And then you have these Veri bagholders defending and saying they prefer that all the Veri services are centralized cuz they want have a face they can trust.

It's supposed to be open-source, distributed not closed source and under their care. I don't get how more people arent calling this crap out.  

[tigerwood0432]

Richie Lai    
@richiela
Audit complete and everything cleaned up! #VRC @BittrexExchange ... If anything is off, please open a support ticket with us.

---

Finally!  

Time to stake

Yes time to stake VRC : 50 % vrc staked : vrcstake.ticonerd.com = NO SELLERS = VRC is  going to JUPITER Even the fudders gone from the post = they went to buy vrc ahahahhaha

[BitcoinPorn]

It's supposed to be open-source, distributed not closed source and under their care. I don't get how more people arent calling this crap out.

Where is this rule that every digital currency must be open source?    I know I personally prefer things open source as a general rule, however that doesn't mean every person or entity by default is not trustworthy, pick and choose your battles.  With what the devs have done with this rollback has given me a lot more faith and trust in them.   I don't understand your negativity with your multiple posts through this thread because people think differently than you :/

[socal]

VRC LOGO STICKERS AND LOTTO TICKETS FOR THE LAST PHYSICAL VERICOIN ARE STILL AVAILABLE,  MSG ME TO BUY

[neurorit]

Education. After seeing scam after scam and then identifying the crutch in almost everyone of those scams, it came down to trust.

seriously read through bitcointalk.org there's 1000s of scam threads in which you have people proclaiming trust in the devs.

You're not supposed to have to trust the devs. Open source means you don't have to trust them. It's not a rule. There are no rules. But when you have a coin that A) has a network that is dangerously centralized. PoS coin having that large of a percentage of its coins supply on an exchange wallet is messed up. It's so much worse than Ghash.Io and such. Then B) you have coins that are secure and are open source which don't require trusting the devs that offer the same functionality except maybe a couple gimmicky centralized features ... it reeks. Sorry it does. If you're a holder learn from it.

Sorry, seeing this crap and what it could potentially lead to with other crapcoins in the future just kinda sucks.

So yeah, education is my motivation for posting.

It's supposed to be open-source, distributed not closed source and under their care. I don't get how more people arent calling this crap out.

Where is this rule that every digital currency must be open source?    I know I personally prefer things open source as a general rule, however that doesn't mean every person or entity by default is not trustworthy, pick and choose your battles.  With what the devs have done with this rollback has given me a lot more faith and trust in them.   I don't understand your negativity with your multiple posts through this thread because people think differently than you :/

[Celani10]

10 million vrc staking on wallets : http://vrcstake.ticonerd.com/ , this time = vrc will go very high .

 PUMP and DUMP in the same day are over Smiley whales have learned a lesson with mintpal attack

= WHALES :Repeat after me = i will never put 100 btc worth of VRC in any exchange = i will buy cheap on exchange >> withdrawto my wallet >> wait for the price to go up >> then sell it on exchange >> withdraw btc >> repeat again Smiley .

VRC is going very far this time Smiley with this story = 1.45 million EUROS stolen from an exchange , VCR DEV help investors to recover all their money = VRC DEV IS A HERO Smiley = VRC will attract all medias attention : TV , RADIO , BUSINESS MAGAZINES , NEWSPAPER ....etc its going viral on twitter right now , facebook = viral . you will see this week vrc at 100k - 180 k . soooo happyyy Smiley

[pb2014]

If you look at the history chart for VRC's staking power network-wide, there was a massive drop off of millions in weight when the hack is claimed to have happened. They didn't stake, my ass. Also, the coins were wild out of Mintpal's control for over 10 hours, exchanges were not frozen - yet they sat at the same two withdrawal addresses and did not move at all, and the fork was done the next day. What hacker do you know that wouldn't sell a single coin after stealing it? Mintpal is full of shit. This all looks much more like they lost the coins somehow, perhaps by transferring to an inaccessible address, or overwriting files they shouldn'tve - something. If they lost $2 mil USD, they were facing UK prison - so they tell the VRC devs they got hacked, Nosker is pressured to save his network against the possibility of a single majority-staker, and the userbase for both VRC and Mintpal get to scratch their heads over what the real story is behind all the shadows and bullshit.

One thing is for sure, Mintpal failed due to negligence and/or incompetence, and they're being less than honest about the details of the issue and how they operate their business. Nosker's hand was a bit forced to save his coin, considering the circumstances - but one can't help but wonder what he knew. His argument about throwing up massive sell walls on the exchanges to "help investors" doesn't make much sense to me. Wouldn't he want BTC walls to prevent the price crashing? Seems odd. Anyway, fuck Mintpal, and shame VRC got dragged into it.

See this is the entire point. People are too cool with trusting devs and believing the first story they heard blah blah.

The entire point of crypto is that you don't have to trust anyone. And then you have these Veri bagholders defending and saying they prefer that all the Veri services are centralized cuz they want have a face they can trust.

It's supposed to be open-source, distributed not closed source and under their care. I don't get how more people arent calling this crap out.  

Get your head out your ass.

You really think your shitcoin is decentralized. HA

[neurorit]

Get your head out your ass.

You really think your shitcoin is decentralized. HA

hehe   you talking to me?

I presently own 2 coins other than a couple 2.0 platforms. Bitcoin which is sill pretty decentralized considering and Myriad which is extremely decentralized. You see, I'm somewat of a decentralization connoisseur when it come to ideas like money.  

http://imgur.com/Eqmn6EE

[BitcoinPorn]

Education. After seeing scam after scam and then identifying the crutch in almost everyone of those scams, it came down to trust.

seriously read through bitcointalk.org there's 1000s of scam threads in which you have people proclaiming trust in the devs.

You're not supposed to have to trust the devs.

I don't believe education is your reason for posting at all.  See my join date, I've read through many scams and been through many different coins.   Hell, I did own "SolidCoin" which I believe was the second alt coin after Litecoin, or one of the earliest, which I never paid for any SolidCoin, always got it for free.  I believe that was a scam in the end, but it was a matter of picking and choosing battles and seeing where things go.

I am not saying your way of thinking is wrong for yourself, just your way of thinking does not have to be right for every person or every coin.   Believe me when I say I prefer open source as a general rule, it just makes sense imo, and I hope some features of Vericoin are able to change protocol to be open source.   For now though, the transparency and interaction from the developers is enough for me to see where this coin is going.

People in this thread and all the other Vericoin communities (Vericoin reddit, Twitter, Veritalk forums) are very aware they are putting a lot of trust in the developers and that many of the key features that separate Vericoin from other coins rely on these devs.   You're not supposed to have to trust the devs, but people can if they want and there is no need to be negative about people having choice :/   (btw, I mean that from the Vericoin users that attack back as well, bullshit posts can stop and be discussed better from haters and lovers of the coin)

[neurorit]

I don't have a problem with what they're adding or how they're doing it. But they should be doing it as a company not a decentralized currency.

So yeah I don't understand really where you're coming from. This just looks really bad and I felt like trying to give a different angle to the picture. To me this isn't all about making money. It's test bed to see what ideas work and with this project and the way they chose to implement their services I feel like they should be incorporated and insured (e.g. Coinbase or even Paypal).

I put a lot of effort trying to make my point about how you shouldn't have to trust someone or some team when it comes to a currency. If it's a service, fine that can be different if it's done properly (again Coinbase). but if I didn't make my point by now I'm not going to.

[tigerwood0432]

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.

I agree - The developers might not as Patrick has said "We can't do this again."

However the recovery options will need to be much more sophisticated than simple rollbacks because this needs a number complicated problems such as merchants who exchanged goods for currency which was later made worthless.

As a wider point - eventually if cryptocurrencies ever go "Mainstream" then unless the world order changes (a radical change in human civilization departing from thousands of years of history), then it will be brought under the control of the federal reserve and all the other banking cartels/central banks of the world - they will be the masters of this new crypto economy - being able subtract and add to the money supply at their will. They will use any and all means they can to achieve this control, using similar secretive methods they used to setup the Federal Reserve all those years ago.

people didn't realize that rollback saved their asses = 1.45 million euros will put any exchanger down = so mintpal down = all crypto gone : zs , min , mint , btc , ltc ....etc = other exchnages will go down also = because they have transfers between them = it will be like subprim crisis with banks = pyramid = all exchanges will close

[7vpo]

1.3.3 not available on vericoin.info. This is 1.3.2. Where 1.3.3 ?

[monsanto]

You're not supposed to have to trust the devs. Open source means you don't have to trust them. It's not a rule. There are no rules. But when you have a coin that A) has a network that is dangerously centralized. PoS coin having that large of a percentage of its coins supply on an exchange wallet is messed up. It's so much worse than Ghash.Io and such. Then B) you have coins that are secure and are open source which don't require trusting the devs that offer the same functionality except maybe a couple gimmicky centralized features ... it reeks. Sorry it does. If you're a holder learn from it.

I would say the aim is to have better functionality.  I see no reason why people if given a choice might not opt for some level of centralization, nor is there any law of nature that this would lead to less utility or danger to the end user or economy using it.  Both systems seem so far to have major weaknesses. The reason for decentralization, for most users, is to provide this functionality by getting around currency laws. I think it is likely that the creators of bitcoin had experience and were involved in previous more centralized currency projects that ran into trouble with those laws.  In short, if you're decentralized, who gets sued? who goes to jail? it confuses legal systems. It could be that the most effective coins are the ones that can maintain the maximum level of centralization without creating an indefensible legal situation. Or perhaps the ones that maintain the most centralization in their infancy, before being launched as open source, at some critical stage. Nobody knows.  

In a darwinian sense I would expect those coins with devs willing to do things like roll back in extreme situations might propagate faster because they don't commit suicide.  Unless of course this mass ideaological backlash some are predicting against vrc occurs.  Anyway, it's all an experiment and a scam, time will tell who profits.    

[MrTowelie]

Can I get some more addnode? Getting 0 network connections

[healthandwealth]

Has anyone withdrawn from Mintpal successfully?  I test withdrew 5 vericoin a hour ago to my newly downloaded and fully synced wallet (verision 1.3.3) and I have yet to receive anything.

Anyone else have this issue?  

[portice]

Not invested in VRC at all, 0% stake.  This shit makes me sick though.  Your supporting an exchanges's incompetence and should be ashamed of yourselves.  I mean I get it, you guys are vested in it and want to support a coin you believe in, but this is certainly not the way you go about it.  Some positives will come out of this though as Mint will surely not keep those hot wallets so ripe.  And no, I am not "fudding", I'm not "trying to get coins cheap", I just believe in my opinion that this was the totally improper way to go about fixing an exchanges total fuck up and as a community, you took the easy way out.