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

[EtherCoin]

israeli coin vericoin was hacked not succured change other coin

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FUD OF THE DAY



Eth.

[CodeHunter]

I'm very sure that if the rollback didn't happen, the hack would have created a ripple effect over the whole alt scene.

[GridWorker]

Tell me about which part of the rollback is catastrophic.

The part where the thief loses.

[buy4crypto]

If people out there showed half as much concern for catching the criminals, as they seem to do defending them, I am sure the perp would be locked up by now.


We are spending so much time with all the focus on vericoin's actions.

Real world societies would say go after the criminal right away.

Crypto society says the criminal gets a pass.


Hopefully Mintpal is doing something to find this person and, or prepare reports on what happened so we can have clarity.

[yoshiwatusi]

I guess the 3-4 fudders who kept vrc at the top of the forums posting 12 hours straight 5 times a page finally all bought after getting their victims to sell to them.

Was actually very impressive how badly they wanted to buy.  No sane person posts the way smoothie and crew did without needing/wanting to buy a substantial amount.

Why do people assume (and make accusations with no proof) that I wanted to buy a substantial amount of VRC?

FULL DISCLOSURE: I own 0 VRC and will never buy a single one ever.

REASONING: I would not ever want to be a part of the catastrophic effects of a rollback in the future should a massive hack/scam/theft happen related to VRC.

My posting has much to do with pointing out BS and calling things as I see it. If you knew my reputation on this forum you would know what is how I operated from day 1.

don't you have something better to do? what do you gain fudging if you don't buy? man..earn some bitcoins another way, will you?

[smoothie]

I guess the 3-4 fudders who kept vrc at the top of the forums posting 12 hours straight 5 times a page finally all bought after getting their victims to sell to them.

Was actually very impressive how badly they wanted to buy.  No sane person posts the way smoothie and crew did without needing/wanting to buy a substantial amount.

Why do people assume (and make accusations with no proof) that I wanted to buy a substantial amount of VRC?

FULL DISCLOSURE: I own 0 VRC and will never buy a single one ever.

REASONING: I would not ever want to be a part of the catastrophic effects of a rollback in the future should a massive hack/scam/theft happen related to VRC.

My posting has much to do with pointing out BS and calling things as I see it. If you knew my reputation on this forum you would know what is how I operated from day 1.

You and others that think like you will never get to where you want to be, if you don't accept that things have to change to evolve and grow.

LOL please tell me where I want to be.

I am exactly where I want to be and you would not know any different based on you not knowing me personally to make such a statement. Don't be so presumptuous to think you know "where" I am. As I said before I am exact where I want to be which proves your rubbish comment to be false.

Preach it more as if I really care what message you are attempting to spew to others.  Just because you say something doesn't make it true.

Some here have boiled down crypto as a religion as having used the word "faith" and "belief" in such a monotone type post.

I've called VRC for what it is based on what has happened.

It seems there are quite a bit of butthurt children here that think that just because I have an opposing view that I have another agenda that is financially motivated. That is why I posted above ...to address the bullshit in your thread.

[CodeHunter]

catastrophic effects of a rollback

Your officially stupid.

It's the hack, without the rollback, that would've had "catastrophic effects" on the whole alt scene.

[smoothie]

I guess the 3-4 fudders who kept vrc at the top of the forums posting 12 hours straight 5 times a page finally all bought after getting their victims to sell to them.

Was actually very impressive how badly they wanted to buy.  No sane person posts the way smoothie and crew did without needing/wanting to buy a substantial amount.

Why do people assume (and make accusations with no proof) that I wanted to buy a substantial amount of VRC?

FULL DISCLOSURE: I own 0 VRC and will never buy a single one ever.

REASONING: I would not ever want to be a part of the catastrophic effects of a rollback in the future should a massive hack/scam/theft happen related to VRC.

My posting has much to do with pointing out BS and calling things as I see it. If you knew my reputation on this forum you would know what is how I operated from day 1.

Tell me about which part of the rollback is catastrophic.

In the future a merchant could take payment in VRC and a huge hack comes along...rollback...oops VRC gone from your wallet even thought you sold goods.

[MikeMike]

Many transferred their VRC to other exchanges and sold them at a loss and now can't buy back in cheaper.
 

[smoothie]

Many transferred their VRC to other exchanges and sold them at a loss and now can't buy them cheaper.
 

I suspect those who did...will be able to in the future.

Visit this post in 6 months from now.

[buy4crypto]

Many transferred their VRC to other exchanges and sold them at a loss and now can't buy them cheaper.
 

I suspect those who did...will be able to in the future.

Visit this post in 6 months from now.

Please smoothie, If you can explain to me how you view this situation it would clarify a lot of things. Can you PLEASE respond to this. If you do. I will instantly respect you if you take the time to respond honestly.

Take a real world financial scenario that can be related to this event.


For this situation there is a theft at a bank. In our case in crypto, an exchange.



A robber in the case of the bank, or hacker in case of an exchange, penetrates security, with a gun, or in the case of mintpals claim, a SQL injection. As the thief is getting the money the bank is able to sound the alarm to its security team. As the criminal is loading up his money and about to leave with everything security arrives and detains the man (VeriCoin) Now, regardless of your personal beleif. What would society expect to have done? Who would you say is to blame for this incident?


A. It is the banks fault? For leaving its doors open to the public? (Mintpal)

B. Is it securities fault? For detaining the criminal? (vericoin)

C. Is it the criminals fault? For commiting the crime?

[CodeHunter]

Many transferred their VRC to other exchanges and sold them at a loss and now can't buy them cheaper.
 

I suspect those who did...will be able to in the future.

Visit this post in 6 months from now.

A 6 month pump?! Buy you idiot!

[Fippy]

I guess the 3-4 fudders who kept vrc at the top of the forums posting 12 hours straight 5 times a page finally all bought after getting their victims to sell to them.

Was actually very impressive how badly they wanted to buy.  No sane person posts the way smoothie and crew did without needing/wanting to buy a substantial amount.

Why do people assume (and make accusations with no proof) that I wanted to buy a substantial amount of VRC?

FULL DISCLOSURE: I own 0 VRC and will never buy a single one ever.

REASONING: I would not ever want to be a part of the catastrophic effects of a rollback in the future should a massive hack/scam/theft happen related to VRC.

My posting has much to do with pointing out BS and calling things as I see it. If you knew my reputation on this forum you would know what is how I operated from day 1.

Tell me about which part of the rollback is catastrophic.

In the future a merchant could take payment in VRC and a huge hack comes along...rollback...oops VRC gone from your wallet even thought you sold goods.

Please explain to me how this is different from the risk every credit card accepting merchant faces every day.

[dandruff1138]

I do not own any VRC, nor do I plan on it, but I have to commend the community here, after that whole issue the price never wavered... I kept on waiting for a dump when the market went live but it just stayed up! Keep that and use it, don;t let the poison of uncertainty get to you, amazing job VRC people, amazing job!

[smoothie]

Many transferred their VRC to other exchanges and sold them at a loss and now can't buy them cheaper.
 

I suspect those who did...will be able to in the future.

Visit this post in 6 months from now.

...(psycho-analysis BS)....

Spare me the psycho analysis BS please.

1. If users were dumb enough to store their VRC on an exchange thus centralizing a large amount of the currently total supply...that is the user's fault. They should lose their coins.

2. If users were dumb enough to not do more risk analysis of where to keep their coins should a security flaw exist in the exchange they are using...that is the user's fault. They should lose their coins and the exchange should go out of business because of it if they can't pay back their users with the funds they have. This is how markets should work. Bad businesses and crypto should live or die on their own merits not on outside forces building a time machine and going back to where things were before the catastrophy. That is the essence of life as well. (as far as I know) There is no way to go back in time and undo your mistakes in your normal life (not virtually). But if you want to play God/central planner then perhaps your developers who have done this should add this to their resume and change professions as that is exactly what they have done.

3. If a hacker found the exploit in said exchange's security, they have in a weird way shown the huge hole in the exchange's security while at the same time proving the flaw in PoS in how centralized exchanges can be a target for an attack should the coins be stolen or used by the same exchange to perform a 51% attack. Some may say that the hacker is justified in keeping the coins because they found an exploit.

The rules of VRC were set forth at day 1 just like any other crypto currency. For the rules to change (due to the developers actions to execute it) is their way of telling people they are going to play the role of a central planner much like the Federal Reserve system or the chargebacks in PayPal.

If VRC is such a great tool yet it operates just like the federal reserve system or paypal at its core ....why even use VRC?

There really is no argument that I would accept that would make me think differently of what has happened.

One of your developers said that they believe they only had two options. I disagree. The 3rd option was to let things play as they lie and not try to fix an incompetent businesses or save risk-illiterate users who lost their coins due to that scenario that played out.

Essentially if you think about it wouldn't it be a better idea not to have a PoS only coin in the first place given what has happened?

I see it as the investment that users make is not the developer's responsibility, as with any investment users should know the risks and make that call based on what possible outcomes exist.

Instead of tarnishing their rep (as developers) I personally think they should have let things play out and then if they need to start over...do so as that is what the rules of the VRC chain started with. (I do not believe there was a rule that said...if such and such happens to business X that developer Y can do Z to undo their epic fail).

[buy4crypto]

Many transferred their VRC to other exchanges and sold them at a loss and now can't buy them cheaper.
 

I suspect those who did...will be able to in the future.

Visit this post in 6 months from now.

...(psycho-analysis BS)....

Spare me the psycho analysis BS please.

1. If users were dumb enough to store their VRC on an exchange thus centralizing a large amount of the currently total supply...that is the user's fault. They should lose their money.

2. If users were dumb enough to not do more risk analysis of where to keep their coins should a security flaw exist in the exchange they are using...that is the user's fault. They should lose their money and the exchange should go out of business because of it if they can't pay back their users with the funds they have. This is how markets should work. Bad businesses and crypto should live or die on their own merits not on outside forces building a time machine and going back to where things were before the catastrophy. That is the essence of life as well. (as far as I know) There is no way to go back in time and undo your mistakes in your normal life (not virtually). But if you want to play God/central planner then perhaps your developers who have done this should add this to their resume and change professions as that is exactly what they have done.

3. If a hacker found the exploit in said exchange's security, they have in a weird way shown the huge hole in the exchange's security while at the same time proving the flaw in PoS in how centralized exchanges can be a target for an attack should the coins be stolen or used by the same exchange to perform a 51% attack. Some may say that the hacker is justified in keeping the coins because they found an exploit.

The rules of VRC were set forth at day 1 just like any other crypto currency. For the rules to change (due to the developers actions to execute it) is their way of telling people they are going to play the role of a central planner much like the Federal Reserve system or the chargebacks in PayPal.

If VRC is such a great tool yet it operates just like the federal reserve system or paypal at its core ....why even use VRC?

There really is no argument that I would accept that would make me think differently of what has happened.

One of your developers said that they believe they only had two options. I disagree. The 3rd option was to let things play as they lie and not try to fix an incompetent businesses or save risk-illiterate users who lost their coins due to that scenario that played out.

Essentially if you think about it wouldn't it be a better idea not to have a PoS only coin in the first place given what has happened?

I see it as the investment that users make is not the developer's responsibility, as with any investment users should know the risks and make that call based on what possible outcomes exist.

Instead of tarnishing their rep (as developers) I personally think they should have let things play out and then if they need to start over...do so as that is what the rules of the VRC chain started with. (I do not believe there was a rule that said...if such and such happens to business X that developer Y can do Z to undo their epic fail).

I agree with nothing you said.

So you sympathize with the criminal, thats all I needed to know. I see who you are. g'day sir. I will be putting you on ignore now. The first, and only one.


*edit oh wow, you can't see that annoying long ass signature anymore when a user is ignored , double bonus!

[smoothie]

Because I own 0 VRC I am technically a neutral party giving my outside perspective.

Take it for what it is worth, or you can cry about it. The choice is your.

Mahalo,

Smoothie 

[barabbas]

blackcoin is so dead. It doesn't even get a pump anymore. Which explains why the BC community is so desperate in trolling another coin. It's all they have left.

Hit the nail right in the head.... Best case scenario, though...

[smoothie]

Many transferred their VRC to other exchanges and sold them at a loss and now can't buy them cheaper.
 

I suspect those who did...will be able to in the future.

Visit this post in 6 months from now.

...(psycho-analysis BS)....

Spare me the psycho analysis BS please.

1. If users were dumb enough to store their VRC on an exchange thus centralizing a large amount of the currently total supply...that is the user's fault. They should lose their money.

2. If users were dumb enough to not do more risk analysis of where to keep their coins should a security flaw exist in the exchange they are using...that is the user's fault. They should lose their money and the exchange should go out of business because of it if they can't pay back their users with the funds they have. This is how markets should work. Bad businesses and crypto should live or die on their own merits not on outside forces building a time machine and going back to where things were before the catastrophy. That is the essence of life as well. (as far as I know) There is no way to go back in time and undo your mistakes in your normal life (not virtually). But if you want to play God/central planner then perhaps your developers who have done this should add this to their resume and change professions as that is exactly what they have done.

3. If a hacker found the exploit in said exchange's security, they have in a weird way shown the huge hole in the exchange's security while at the same time proving the flaw in PoS in how centralized exchanges can be a target for an attack should the coins be stolen or used by the same exchange to perform a 51% attack. Some may say that the hacker is justified in keeping the coins because they found an exploit.

The rules of VRC were set forth at day 1 just like any other crypto currency. For the rules to change (due to the developers actions to execute it) is their way of telling people they are going to play the role of a central planner much like the Federal Reserve system or the chargebacks in PayPal.

If VRC is such a great tool yet it operates just like the federal reserve system or paypal at its core ....why even use VRC?

There really is no argument that I would accept that would make me think differently of what has happened.

One of your developers said that they believe they only had two options. I disagree. The 3rd option was to let things play as they lie and not try to fix an incompetent businesses or save risk-illiterate users who lost their coins due to that scenario that played out.

Essentially if you think about it wouldn't it be a better idea not to have a PoS only coin in the first place given what has happened?

I see it as the investment that users make is not the developer's responsibility, as with any investment users should know the risks and make that call based on what possible outcomes exist.

Instead of tarnishing their rep (as developers) I personally think they should have let things play out and then if they need to start over...do so as that is what the rules of the VRC chain started with. (I do not believe there was a rule that said...if such and such happens to business X that developer Y can do Z to undo their epic fail).

I agree with nothing you said.

So you sympathize with the criminal, thats all I needed to know. I see who you are. g'day sir. I will be putting you on ignore now. The first, and only one.


*edit oh wow, you can't see that annoying long ass signature anymore when a user is ignored , double bonus!

Good at least we can agree to disagree.

And no you don't see who I am as you already had your own perspective of me before you got to know me. Remember the "where I am and want to be speech you gave me"?

BTW you didn't answer any of my questions. But that is okay.

Please ignore me. You're not the first nor the last.

Aloha

[smoothie]

I guess the 3-4 fudders who kept vrc at the top of the forums posting 12 hours straight 5 times a page finally all bought after getting their victims to sell to them.

Was actually very impressive how badly they wanted to buy.  No sane person posts the way smoothie and crew did without needing/wanting to buy a substantial amount.

Why do people assume (and make accusations with no proof) that I wanted to buy a substantial amount of VRC?

FULL DISCLOSURE: I own 0 VRC and will never buy a single one ever.

REASONING: I would not ever want to be a part of the catastrophic effects of a rollback in the future should a massive hack/scam/theft happen related to VRC.

My posting has much to do with pointing out BS and calling things as I see it. If you knew my reputation on this forum you would know what is how I operated from day 1.

Tell me about which part of the rollback is catastrophic.

In the future a merchant could take payment in VRC and a huge hack comes along...rollback...oops VRC gone from your wallet even thought you sold goods.

Please explain to me how this is different from the risk every credit card accepting merchant faces every day.

What risk are you talking about exactly?