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[bitcad4u]

my comment on vrc - @ICee712 @VeriCoin When a EXCHANGE is hacked and 40% of currency was stolen - you know that 40% of the value of the coin was for PUMP n DUMP  not for Holding long term.

[Boyer]

my comment on vrc - @ICee712 @VeriCoin When a EXCHANGE is hacked and 40% of currency was stolen - you know that 40% of the value of the coin was for PUMP n DUMP  not for Holding long term.

That is correct. Someone is holding a lot of coins. But also remember that mintpal is the site where most people trade their coin = a lot of % is stored there.

[weedsmoke420]

@policymaker

I don't think there will be a significant dump on VRC, if any. The community is well incentivated cos of the devs efforts, fast response and numerous "coin first" feats of VeriCoin.

Not FUDing at all, in my portfolio my 2 favorite and biggest bags are XC and VRC, so not a fanboi, just an investor opinion. Both are IMO the best alts in town.

VRC will get out of this one stronger than ever, wait and see, if there are any dumps there are investors more than happy to get them cheap.

Hope XC kicks up fast too, has been in the 16-18 world for quite a lot and itches to hold long

At least we should see some spikes for adrenaline

Eth.

Just my short term estimations for VRC, nothing more. Im just guessing that some investors going long might want to diversify their portofolio because of doubts. Hacked mintpal was handled pretty well, undoubtedly, but it still created uncertainty.

I think XC has already had its fair share of FUD, so its even more ahaid of any competition in that case as well. To me just its just a matter of getting the tech ready for bulletproof test, in one coherent app/wallet.
I think the community itself will even donate to promote that very instant, not to mention team has its own plans anway.

I agree with your reasoning, just wanted to share a bit of insight on VRC since I am quite active and keep a close eye on the community.

The point of VRC is that the coin have done amazing stuff for its short life and the devs are very active and in constant communication with the community, that combined with the quality of the coin itself keeps the morale high no doubt. This combined with the media explosion of this happening (please remember that 2,000,000 USD has been stolen, quite a number for the cryptoworld) its going to, again IMO, bring not only new investors that will eat all the possible dumps but raise the value of the coin.

Also loving XC! It's an amazingly promising coin, hopefully the PR campaign put it in its own place.
BTW is there any TimeLine for PR events/actions that we can follow?

I'm also hoping that, even though i think there will not be noticeable dumps, the VRC droppers will invest in XC. One great coin into another.

Cheers,

Eth.

Confirmed for VeriCoin developer posing as Ethereum Developer. No there is no PR timeline. Now would you kindly piss off?

[Reese212]

my comment on vrc - @ICee712 @VeriCoin When a EXCHANGE is hacked and 40% of currency was stolen - you know that 40% of the value of the coin was for PUMP n DUMP  not for Holding long term.

if i steal 40% of a coin then i have to sell them immediately to take profits before i get caught.
i can't see the context between "i steal something" and "i Need to hold the stolen stuff for a Long time". plz explain, i feel so stupid =)


edit: now i got it.... :-D your Point is that you don't like hot-storage and that you assume that People have to store their coins locally and not @ an Exchange.

[GameStarter]

I really hope now everybody understood you have to keep most of your coins (or all)  into your wallet, we can't trust the exchange (mt gox, mintpal....). We can moove our coin from wallet to exchange in few minutes if needed and we accumulate coin with stacking.
XC price have been pretty solid and stable developing a new strong base around 180/170 after a nice run from 80 to 310, everybody agree we can trust our team so just keep your precious coin into your encrypted wallet with your password + backupwallet out of your computer.

[bitcad4u]

my comment on vrc - @ICee712 @VeriCoin When a EXCHANGE is hacked and 40% of currency was stolen - you know that 40% of the value of the coin was for PUMP n DUMP  not for Holding long term.

if i steal 40% of a coin then i have to sell them immediately to take profits before i get caught.
i can't see the context between "i steal something" and "i Need to hold the stolen stuff for a Long time". plz explain, i feel so stupid =)


edit: now i got it.... :-D your Point is that you don't like hot-storage and that you assume that People have to store their coins locally and not @ an Exchange.

the point was  - if the VRC were valued by the vrc users as such to use in future they would not have them on teh exchange.  the fact that 40% of all VRC were on mintpal shows to me that 40% of the coins value is for dumping for profits at a later date. 

that is all.

[synechist]

Hi all


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[Profetu]

sure glad i bought a ferrari with vrc just prior to the hack.. cause now i got a ferrari and all my vrc back in my wallet

-this is a joke - but also a real life reason you shuldnt roll back a block chain when the chain is commercialized

Did this really happen? I mean the blockchain rollback. Side-effects?

Yes this happens.  so basically you buy something with coins... you get the product and take it home... then they roll back the block chain to a point prior.. when you still had those coins.   and so now you got ur coins back plus the product... so now you can go re buy the product again

its a win for you because you get what you bought plus all teh coins back u spent... but for the dude who gave you the product, hes now out the product and out the coins you gave him.   hes at a big loss.

It could have happened to XC, I wonder what would your opinion be then.

So it's either leave 30% of the coins in hands of criminals to dump on exchanges or execute a 51% attack or cause inconvenience to a few people that happened to trade in that 1-2 hour window which will later be reimbursed by Mintpal and set a precedent in the alt world. Tough choice...last I heard even Bitcoin is experimental software. Crypto is programmable money. As long as majority agrees and votes with their wallets stuff can change. You can still run your wallet on the old chain

I wonder if Dan would have roll backed.

[Abrupto]

Dave Seaman and Bryce Weiner discussing mintpal and vericoin live

http://www.youtube.com/watch?v=fmb0xQvBGss&feature=youtu.be

[mr_random]

my comment on vrc - @ICee712 @VeriCoin When a EXCHANGE is hacked and 40% of currency was stolen - you know that 40% of the value of the coin was for PUMP n DUMP  not for Holding long term.

And that's just on the biggest exchange. Add up how much must be on the other exchanges and I bet it tips it over 50% easily

[merk475]

my comment on vrc - @ICee712 @VeriCoin When a EXCHANGE is hacked and 40% of currency was stolen - you know that 40% of the value of the coin was for PUMP n DUMP  not for Holding long term.

And that's just on the biggest exchange. Add up how much must be on the other exchanges and I bet it tips it over 50% easily

That's something people don't take into account.  All this talk has been about Mintpal.  I bet there are a ton in Bittrex's wallet too.

[weedsmoke420]

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[merk475]

I really hope now everybody understood you have to keep most of your coins (or all)  into your wallet, we can't trust the exchange (mt gox, mintpal....). We can moove our coin from wallet to exchange in few minutes if needed and we accumulate coin with stacking.
XC price have been pretty solid and stable developing a new strong base around 180/170 after a nice run from 80 to 310, everybody agree we can trust our team so just keep your precious coin into your encrypted wallet with your password + backupwallet out of your computer.

I have 3 currencies I keep off the exchanges.  Those are my long-term holds (XC being one of them), and I don't daytrade with them.  Anything else I have, it's kept on an exchange so I can dump if needed.  These would be coins I don't trust, and always have to keep an eye on. 

If you truly believe in XC, the smartest advice is to stake them in your personal wallets. 

[hoertest]

what Vericoin is doing should create an outrage in crypto world. they sabotage cryptocurrency as a whole.

[Conurtrol]

what Vericoin is doing should create an outrage in crypto world. they sabotage cryptocurrency as a whole.

I think they made the right decision given the circumstances. Any further discussion should be in their thread so as not to derail the XC thread.

[Abrupto]

what Vericoin is doing should create an outrage in crypto world. they sabotage cryptocurrency as a whole.

I think they made the right decision given the circumstances. Any further discussion should be in their thread so as not to derail the XC thread.

I have to disagree with you. This veri/mintpal discussion belongs on every serious altcoin thread. XC can be hacked just as easily on mintpal, 19% of total xc supply is on mintpal right now. What veri does may set a precedent for future coin attacks.

I don't believe this in any way derails the xc conversation.

[GameStarter]

what Vericoin is doing should create an outrage in crypto world. they sabotage cryptocurrency as a whole.

I think they made the right decision given the circumstances. Any further discussion should be in their thread so as not to derail the XC thread.

I have to disagree with you. This veri/mintpal discussion belongs on every serious altcoin thread. XC can be hacked just as easily on mintpal, 19% of total xc supply is on mintpal right now. What veri does may set a precedent for future coin attacks.

I don't believe this in any way derails the xc conversation.

How do you know 19% of total XC supply is on Mintpal now?

[Abrupto]

what Vericoin is doing should create an outrage in crypto world. they sabotage cryptocurrency as a whole.

I think they made the right decision given the circumstances. Any further discussion should be in their thread so as not to derail the XC thread.

I have to disagree with you. This veri/mintpal discussion belongs on every serious altcoin thread. XC can be hacked just as easily on mintpal, 19% of total xc supply is on mintpal right now. What veri does may set a precedent for future coin attacks.

I don't believe this in any way derails the xc conversation.

How do you know 19% of total XC supply is on Mintpal now?

give or take, it's not completely accurate

http://chainz.cryptoid.info/xc/#!wallets

[Abrupto]

what Vericoin is doing should create an outrage in crypto world. they sabotage cryptocurrency as a whole.

I think they made the right decision given the circumstances. Any further discussion should be in their thread so as not to derail the XC thread.

I have to disagree with you. This veri/mintpal discussion belongs on every serious altcoin thread. XC can be hacked just as easily on mintpal, 19% of total xc supply is on mintpal right now. What veri does may set a precedent for future coin attacks.

I don't believe this in any way derails the xc conversation.

How do you know 19% of total XC supply is on Mintpal now?

give or take, it's not completely accurate

http://chainz.cryptoid.info/xc/#!wallets

Click on largest wallets tab

[conradjohnson]

what Vericoin is doing should create an outrage in crypto world. they sabotage cryptocurrency as a whole.

I think they made the right decision given the circumstances. Any further discussion should be in their thread so as not to derail the XC thread.

I have to disagree with you. This veri/mintpal discussion belongs on every serious altcoin thread. XC can be hacked just as easily on mintpal, 19% of total xc supply is on mintpal right now. What veri does may set a precedent for future coin attacks.

I don't believe this in any way derails the xc conversation.

How do you know 19% of total XC supply is on Mintpal now?

give or take, it's not completely accurate

http://chainz.cryptoid.info/xc/#!wallets

Click on largest wallets tab

I agree with Abrupto - what would have happened if this were XC?  Would Dan have agreed to fork?  I hope he wouldn't, but currently I'm not in the position to have the perspective of the devs and holders of Vericoin.