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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1354661 times)
sdmathis
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July 15, 2014, 09:03:21 PM
 #9801

someone can quickly update me about mintpal...any news?

Withdrawals being processed...no plans to open VRC/BTC market
Can I Withdrawal my VRC from MP to my wallet then?

Yes. I withdrew mine yesterday.

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Investing123
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July 15, 2014, 09:04:54 PM
 #9802

Get your Veri own VeriCoin T-shirts and hats here!

https://shop.moolah.io/VRClothes


eiskalt
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July 15, 2014, 09:06:21 PM
 #9803

someone can quickly update me about mintpal...any news?

Withdrawals being processed...no plans to open VRC/BTC market
Can I Withdrawal my VRC from MP to my wallet then?

I withdrew my vericoins today. So yes, worked for me too.

EDIT: I have also withdrawn the vrc that I bought from bittrex - worked also very well and fast.
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July 15, 2014, 09:09:50 PM
 #9804

so will MintPal re-list VRC again?

eiskalt
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July 15, 2014, 09:15:27 PM
 #9805

so will MintPal re-list VRC again?

Do you think they will not list it again, because of all the recent FUD? VRC was one of their biggest markets before
the hack, if not the biggest.

They would be quite stupid not to list it again.

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July 15, 2014, 09:23:04 PM
 #9806

so will MintPal re-list VRC again?

Do you think they will not list it again, because of all the recent FUD? VRC was one of their biggest markets before
the hack, if not the biggest.

They would be quite stupid not to list it again.



I dont know what to think anymore about MintPal. Have you seen their last few listings when there were other much better coins they could have listed? So stupidity for them wouldnt be far out of the question.

sdmathis
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July 15, 2014, 09:29:16 PM
 #9807

so will MintPal re-list VRC again?

Do you think they will not list it again, because of all the recent FUD? VRC was one of their biggest markets before
the hack, if not the biggest.

They would be quite stupid not to list it again.



I dont know what to think anymore about MintPal. Have you seen their last few listings when there were other much better coins they could have listed? So stupidity for them wouldnt be far out of the question.

MintPal has been losing volume lately and has been getting desperate. I suppose that they will be even more desperate now.

eiskalt
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July 15, 2014, 09:30:42 PM
 #9808

so will MintPal re-list VRC again?

Do you think they will not list it again, because of all the recent FUD? VRC was one of their biggest markets before
the hack, if not the biggest.

They would be quite stupid not to list it again.



I dont know what to think anymore about MintPal. Have you seen their last few listings when there were other much better coins they could have listed? So stupidity for them wouldnt be far out of the question.

I suppose that is because of their voting system, which can easily be exploited. If some PnD-coin wants to be listed, the only thing they need to do is handing them over around 20 BTC. That is enough to be on top of the voting list.

It is a bad system now, but they announced to change it and stop payment votes. So maybe it will get better in the future.

EDIT: I do not want to defend mintpal here. I have withdrawn all of my VRC from there, since a hack always raises red flags. Mintpal has a lot of work to do, to restore trust.
cryptoholic11
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July 15, 2014, 09:37:09 PM
 #9809



I suppose that is because of their voting system, which can easily be exploited. If some PnD-coin wants to be listed, the only thing they need to do is handing them over around 20 BTC. That is enough to be on top of the voting list.

It is a bad system now, but they announced to change it and stop payment votes. So maybe it will get better in the future.

No, not their voting system. Im talking about their latest ninja listings like ISIS and TorCoin, while their were much better choices, both volume and coin wise.

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July 15, 2014, 09:38:40 PM
 #9810

The problem is not related individually to Mintpal. The whole exchange business is a problem. Making some math you end up understanding that an exchange like MP stores and handles several million dollars while their monthly revenues are limited to some 60-90 thousand dollars. We should support and migrate to P2P exchanges and technologies instead.
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July 15, 2014, 09:40:26 PM
 #9811

so will MintPal re-list VRC again?

Do you think they will not list it again, because of all the recent FUD? VRC was one of their biggest markets before
the hack, if not the biggest.

They would be quite stupid not to list it again.



I dont know what to think anymore about MintPal. Have you seen their last few listings when there were other much better coins they could have listed? So stupidity for them wouldnt be far out of the question.

I suppose that is because of their voting system, which can easily be exploited. If some PnD-coin wants to be listed, the only thing they need to do is handing them over around 20 BTC. That is enough to be on top of the voting list.

It is a bad system now, but they announced to change it and stop payment votes. So maybe it will get better in the future.

EDIT: I do not want to defend mintpal here. I have withdrawn all of my VRC from there, since a hack always raises red flags. Mintpal has a lot of work to do, to restore trust.

I don't think the new coins were voted in with paid votes. They announced about a week ago that they will start listing more brand new coins. It's part of their attempt to stop their volume from bleeding away.

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July 15, 2014, 09:43:01 PM
 #9812

Just wanted to say the rollback because of the Mintpal hack was one of the greatest dev moves I've seen! This coin and the devs can be trusted to care about their community! Respect!  Wink
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July 15, 2014, 09:45:18 PM
 #9813

The problem is not related individually to Mintpal. The whole exchange business is a problem. Making some math you end up understanding that an exchange like MP stores and handles several million dollars while their monthly revenues are limited to some 60-90 thousand dollars. We should support and migrate to P2P exchanges and technologies instead.

And exactly how would that work? You and me agree, through chat or e-mail, that I will transfer you 1,000 VRC for whatever amount in BTC (or other coins, fiat included). Do we use an escrow service? or is the buyer forced to trust the seller will send the coins once the irreversible transfer of payment is done?
eiskalt
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July 15, 2014, 09:47:59 PM
 #9814

Verigood!

Could we then agree about VRC/FIAT in the wallet is needed more than ever now?


No, not their voting system. Im talking about their latest ninja listings like ISIS and TorCoin, while their were much better choices, both volume and coin wise.


I don't think the new coins were voted in with paid votes. They announced about a week ago that they will start listing more brand new coins. It's part of their attempt to stop their volume from bleeding away.

GridWorker
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July 15, 2014, 10:01:14 PM
 #9815

Just wanted to say the rollback because of the Mintpal hack was one of the greatest dev moves I've seen! This coin and the devs can be trusted to care about their community! Respect!  Wink
Thief got Robin Hooded. Cheesy

That is a precedent.

vrc: VBL3M6EzwcYZWeuDpgjG9bDQzTKb4ydiDy
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July 15, 2014, 10:02:36 PM
 #9816

....
Let's make some math:
- Mintpal's daily volume was around BTC 2.5K, some BTC 5 daily revenues or US$ 2500 (based on 0.2% transaction fee)
- VRC 8M were valued at some US$1.65M
- This means some 660 days of MintPal's revenues
- Let's assume some VRC 12K coins as an average position
- This means some 660 people were holding their coins at MP

Conclusions:
1) MP would never be able to pay and would go bankrupt
2) As an immediate consequence, all 660 VRC holders would loose their money
3) With 30% of VRC coins out there available for further attacks, VRC would crash and all people holding it would loose their money

So, please, let not fool ourselves: It was not about saving MintPal. It was about saving the coin and the investors' money.

Image damage was done on all POS coins from PPC Nova..BC...XC...to VRC will surfer
and with rollback you give all POW coins golden bullet to shot in POS...
Right direction would be improve POS security to 90% resistance like NXT - not magic rollbacks.

And whole black marketing has started like that one:
http://www.reddit.com/r/litecoin/comments/2apsj7/litecoin_developers_will_never_fork_litecoin_to/ciycbhd
ofp
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July 15, 2014, 10:04:10 PM
 #9817

The problem is not related individually to Mintpal. The whole exchange business is a problem. Making some math you end up understanding that an exchange like MP stores and handles several million dollars while their monthly revenues are limited to some 60-90 thousand dollars. We should support and migrate to P2P exchanges and technologies instead.

And exactly how would that work? You and me agree, through chat or e-mail, that I will transfer you 1,000 VRC for whatever amount in BTC (or other coins, fiat included). Do we use an escrow service? or is the buyer forced to trust the seller will send the coins once the irreversible transfer of payment is done?

Take a glance at the following link: https://bitcointalk.org/index.php?topic=172705.0
buy4crypto
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July 15, 2014, 10:11:00 PM
 #9818

....
Let's make some math:
- Mintpal's daily volume was around BTC 2.5K, some BTC 5 daily revenues or US$ 2500 (based on 0.2% transaction fee)
- VRC 8M were valued at some US$1.65M
- This means some 660 days of MintPal's revenues
- Let's assume some VRC 12K coins as an average position
- This means some 660 people were holding their coins at MP

Conclusions:
1) MP would never be able to pay and would go bankrupt
2) As an immediate consequence, all 660 VRC holders would loose their money
3) With 30% of VRC coins out there available for further attacks, VRC would crash and all people holding it would loose their money

So, please, let not fool ourselves: It was not about saving MintPal. It was about saving the coin and the investors' money.

Image damage was done on all POS coins from PPC Nova..BC...XC...to VRC will surfer
and with rollback you give all POW coins golden bullet to shot in POS...
Right direction would be improve POS security to 90% resistance like NXT - not magic rollbacks.

And whole black marketing has started like that one:
http://www.reddit.com/r/litecoin/comments/2apsj7/litecoin_developers_will_never_fork_litecoin_to/ciycbhd

Coblee just shot himself in the foot potentially. Does he think saying he won't fork will seperate him from any of the other crypto that are in the game right now? Not even under circumstances that would benefit his community. I wonder how many people will sell out of LTC and move funds here after hearing that. I certainly don't want my money with a "idealist" instead of someone more practical. Not when crypto needs a team more practical to go mainstream.

You are telling me. If the developer is capable, and the whole community votes for it, he won't allow to stop the fraud??

WOW I WILL NEVER BUY LITECOIN!

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
████ - freecrypto.top - btcinfo.top - DIGITAL CURRENCY DIRECTORIES - freeMonero.comfunbtc.xyz  ████
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
barabbas
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July 15, 2014, 10:15:04 PM
 #9819

The problem is not related individually to Mintpal. The whole exchange business is a problem. Making some math you end up understanding that an exchange like MP stores and handles several million dollars while their monthly revenues are limited to some 60-90 thousand dollars. We should support and migrate to P2P exchanges and technologies instead.

And exactly how would that work? You and me agree, through chat or e-mail, that I will transfer you 1,000 VRC for whatever amount in BTC (or other coins, fiat included). Do we use an escrow service? or is the buyer forced to trust the seller will send the coins once the irreversible transfer of payment is done?

Take a glance at the following link: https://bitcointalk.org/index.php?topic=172705.0

The idea sounds quite attractive... although there would be fees involved, therefore not so advantageous in that regard.

Problem is that I for one -and I believe billions of people around the world- would trust such an enterprise about 2 minutes AFTER Hell freezes over, so why waste energy -much less resources- on something bound to fail miserably when the solution is already in place many decades ago, in the real world?

No matter how much we want to jerk off around the bushes, the solution to most crypto problems, including mass mainstream adoption, passes by REGULATION. When it does arrive -and arrive it will, at least in the US and Europe-, it will be many years too late... even if it were to be imposed tomorrow.
eiskalt
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July 15, 2014, 10:16:18 PM
 #9820

....
Let's make some math:
- Mintpal's daily volume was around BTC 2.5K, some BTC 5 daily revenues or US$ 2500 (based on 0.2% transaction fee)
- VRC 8M were valued at some US$1.65M
- This means some 660 days of MintPal's revenues
- Let's assume some VRC 12K coins as an average position
- This means some 660 people were holding their coins at MP

Conclusions:
1) MP would never be able to pay and would go bankrupt
2) As an immediate consequence, all 660 VRC holders would loose their money
3) With 30% of VRC coins out there available for further attacks, VRC would crash and all people holding it would loose their money

So, please, let not fool ourselves: It was not about saving MintPal. It was about saving the coin and the investors' money.

Image damage was done on all POS coins from PPC Nova..BC...XC...to VRC will surfer
and with rollback you give all POW coins golden bullet to shot in POS...
Right direction would be improve POS security to 90% resistance like NXT - not magic rollbacks.

And whole black marketing has started like that one:
http://www.reddit.com/r/litecoin/comments/2apsj7/litecoin_developers_will_never_fork_litecoin_to/ciycbhd

Coblee just shot himself in the foot potentially. Does he think saying he won't fork will seperate him from any of the other crypto that are in the game right now? Not even under circumstances that would benefit his community. I wonder how many people will sell out of LTC and move funds here after hearing that. I certainly don't want my money with a "idealist" instead of someone more practical.

You are telling me. If the developer is capable, and the whole community votes for it, he won't allow to stop the fraud??

WOW I WILL NEVER BUY LITECOIN!

Yeah, and I will sell my remaining litecoins as soon as possible.

Thanks Litecoin-DEVs, you just screwed it up.
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