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

[buy4crypto]

what has happened to all the products that was paid for using vrc and for which the transactions were part of the reversed blockchain?

$4,000 was processed in the hours following the hack, mintpal states in this circumstance they will pay any lost coins

[_theone]

what has happened to all the products that was paid for using vrc and for which the transactions were part of the reversed blockchain?

$4,000 was processed in the hours following the hack, that is covered by mintpal in this circumstance

yes, but i am talking merchants, not exchanges. so mintpal covers any loss for merchants??

edit: good that the hack was detected quickly then.

cannot imagine what would happen if they need to reverse more then 10k blocks.

[cryptodevil]

what has happened to all the products that was paid for using vrc and for which the transactions were part of the reversed blockchain?

I doubt there were that many and Mintpal said that if anyone could show they had lost out then they'd compensate them.

[buy4crypto]

what has happened to all the products that was paid for using vrc and for which the transactions were part of the reversed blockchain?

$4,000 was processed in the hours following the hack, that is covered by mintpal in this circumstance

yes, but i am talking merchants, not exchanges.

Mintpal should start a freaking PR campaign saying how stupid they are and how innovative the VRC team was to create such a solution.

Remember mintpal didn't suggest 1 thing to the VRC team. VRC devs acted in the way they did for 1 reason only, to save the community. and indirectly, I think this will move all of crypto forward in some way as we debate the merits, and outcome of this event.

[ofp]

Funny.
So some of you guys say VRC is looking good to new investors since the roll back incident showed/shows how/that VRC will "actively protect" their money, but also will never do a roll back again?
You can't have both, and if you would not cry "FUD" as soon as someone hasn't his head up pnoskers arse you would probably see that as well.

It's a matter of mindset, the very DNA of the community. Given the incident, it's legitimate to believe that people who don't support the rollback (probably because they value less moral judgements) will walk away while people who support it will gather around.

At the end, this event will be determinant to the way this community thinks and acts and this will attract the right kind of people. As simple as that!

[knightlife999]

VRC devs keep coming through for the community. Great job guys! VRC is an excellent product and the devs set the standard for other coins to follow.

This coin should easily surpass 100k in the near future.

[_theone]

lets just hope it doesnt happen again.

[CodeHunter]

yes, but i am talking merchants, not exchanges. so mintpal covers any loss for merchants??

edit: good that the hack was detected quickly then.

cannot imagine what would happen if they need to reverse more then 10k blocks.

Before doing the roll-back, Nosker made sure to call all 4 VRC merchants to ask if any products were sold during the 12 hours. And all 4 of them said no.

(said from the VRC hangout video on youtube which aired yesterday night eastern time)

[buy4crypto]

yes, but i am talking merchants, not exchanges. so mintpal covers any loss for merchants??

edit: good that the hack was detected quickly then.

cannot imagine what would happen if they need to reverse more then 10k blocks.

Before doing the roll-back, Nosker made sure to call all 4 VRC merchants to ask if any products were sold during the 12 hours. And all 4 of them said no.

also, worth noting no veri-bit was sent out either due to the fast response and shutting down of that service. All in all, it went very well, aside from having to remake the fork due to a issue with wallets still accepting old network immediately following the attack. Once more people where aware, and able to switch, VRC was able to get on the proper fork and secure the network.

[buy4crypto]

And remember through all of this, there could have been a technical issue, this or that. A lot of the copy / paste clones would have been toast if it was there coin. This is a good warning for those playing pump and dumps behind anon devs to think hard about there investment security.

Same goes for coins with anon devs. Talk about accountability. If the anon features work, your coin can be hijacked and you not even know it, how secure is THAT?  

The fact of the matter is, VRC was tasked with not only a difficult choice, but they had to execute a extremely precise plan in a short time period with the skills they had. And I have to say, for all intensive purposes that they knocked it out of the park.

[defier]

what has happened to all the products that was paid for using vrc and for which the transactions were part of the reversed blockchain?

I'm going to assume you, didn't, watch/listen to the dev cast.  They contacted the vendors that accept VRC and none of that $4000 in transactions, was for purchased items.

I'm personally thrilled the thieves didn't succeed.  If the community completely rejects vrc after this fine.  Let it burn to the ground and my few coins with it.  So long as the crooks didn't get a single satoshi.  
Or in this case  Veritoshi. (phrase coined here)

[ScottAllyn]

I need some clarification on something please......  In my wallet, I have two addresses total.  The first address (VGiycsx1phY9ekeMNbzCHpY2TtXAzNGd4C) had just over 28k coins in it.  Second address (VRzsNTFi2bitgQ5fu96tB1ihFrfAxtJPox) had only 3.44 coins in it. So, I tried to transfer the 3.44 coins from (VRzsNTFi2bitgQ5fu96tB1ihFrfAxtJPox) to (VGiycsx1phY9ekeMNbzCHpY2TtXAzNGd4C) so all my coins would be under one address.  What happened though is what I don't quite understand.  Fyi, I'm using Chainz to track this. Looks like the 3.44 coins stayed in the same address, but 1096 coins went to (VF9S9seoip7jvZfeDbj5P1kyNAiUG89bvd) which is an address that I don't have in my wallet. My balance, from within the wallet, isn't showing that I'm missing 1096 coins but Chainz is showing them in the new address (VF9S9seoip7jvZfeDbj5P1kyNAiUG89bvd).  Why did this happen and did these 1096 coins just go somewhere they can't be retrieved?  This fork thing has made me want to dig a little deeper into understanding all of this.  Any explanation would be greatly appreciated.

It looks to me like you ended up sending the 3.44287294 coins from the VGiy address and not VRzs address, so they just ended up right back where they started. In the process, part of the VGiy balance was split off into a "change" address (which is completely normal).

If you enable coin control features in the wallet, enter the coin control section and expand the VGiy address, you'll probably see those 1,096.72382148 coins assigned to that (change) address.

[_theone]

correct me if i am wrong, but this is how you do it?

- sync chain up until block of reverse ( add a if nheight>N exit 0 in code )
- cutoff connections
- make a small private network with two nodes
- then mine a block/posgenerate a block / just say block @N with hash is incorrect in code.
- if block (pos-)mined, add a checkpoint to that block in code
- shutdown all nodes
- update all nodes, let them sync from private network or copy chain with it
- push update out, let clients resync or provide a bootstrap.dat

or am i missing something?

[clovis A.]

I need some clarification on something please......  In my wallet, I have two addresses total.  The first address (VGiycsx1phY9ekeMNbzCHpY2TtXAzNGd4C) had just over 28k coins in it.  Second address (VRzsNTFi2bitgQ5fu96tB1ihFrfAxtJPox) had only 3.44 coins in it. So, I tried to transfer the 3.44 coins from (VRzsNTFi2bitgQ5fu96tB1ihFrfAxtJPox) to (VGiycsx1phY9ekeMNbzCHpY2TtXAzNGd4C) so all my coins would be under one address.  What happened though is what I don't quite understand.  Fyi, I'm using Chainz to track this. Looks like the 3.44 coins stayed in the same address, but 1096 coins went to (VF9S9seoip7jvZfeDbj5P1kyNAiUG89bvd) which is an address that I don't have in my wallet. My balance, from within the wallet, isn't showing that I'm missing 1096 coins but Chainz is showing them in the new address (VF9S9seoip7jvZfeDbj5P1kyNAiUG89bvd).  Why did this happen and did these 1096 coins just go somewhere they can't be retrieved?  This fork thing has made me want to dig a little deeper into understanding all of this.  Any explanation would be greatly appreciated.

It looks to me like you ended up sending the 3.44287294 coins from the VGiy address and not VRzs address, so they just ended up right back where they started. In the process, part of the VGiy balance was split off into a "change" address (a side effect of sending coins from an address that has staking coins).

If you enable coin control features in the wallet, enter the coin control section and expand the VGiy address, you'll probably see those 1,096.72382148 coins assigned to that (change) address.

Swizzle!  You've been a huge help Scott; I really appreciate your time man!  Yep, I see the coins in the change address, safe and sound.  You learned me something new today.  Much appreciated

[captainbluff]

I just pulled my 4K+ VRCs out of mintpal.

[CodeHunter]

I just pulled my 4K+ VRCs out of mintpal.

As you probably already know, don't store them in Bittrex or Poloniex, exchanges are not banks.

[Shinraven]

I just pulled my 4K+ VRCs out of mintpal.

+5

I hope others do same

[newuser01]

VRC devs keep coming through for the community. Great job guys! VRC is an excellent product and the devs set the standard for other coins to follow.

This coin should easily surpass 100k in the near future.

centralized coin that can rollback whenever the devs want

That to you is an excellent product?

It goes against everything that cryptocurrency stands for.

[Ed4252]

Why does it say not staking because you don't have mature coins?


when I have spendable coins in my wallet

[CodeHunter]

VRC devs keep coming through for the community. Great job guys! VRC is an excellent product and the devs set the standard for other coins to follow.

This coin should easily surpass 100k in the near future.

centralized coin that can rollback whenever the devs want

Vericoin investors have become so careful now since the incident, no other alt coin is as safely away from these exchanges, and therefore as decentralized in containment.