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Conurtrol
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July 14, 2014, 05:51:11 PM |
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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. |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Abrupto
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July 14, 2014, 05:56:55 PM |
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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. |
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GameStarter
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July 14, 2014, 06:02:02 PM |
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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? |
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Abrupto
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July 14, 2014, 06:03:44 PM |
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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 |
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Abrupto
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July 14, 2014, 06:05:27 PM |
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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 |
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conradjohnson
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July 14, 2014, 06:08:39 PM |
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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. |
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weedsmoke420
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July 14, 2014, 06:09:16 PM |
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You must remember to be unsure of anyone's statements; the means of communication is trustless, think about it. The reason Veri was targeted probably had a LOT to do with the VeriBit protocol being abused. The developers of VRC might have paid off mintpal to not disclose this, and mintpal would have obliged because it basically means neither party has to claim responsibility. This is just putting two and two together; why wouldn't any other coin be taken? Why wouldn't the hackers just target Bitcoin? If you choose to believe what you are told from the people that are solely responsible, be my guest; there are plenty of blue pills to go around. As for me, I'll choose the red one.  |
Listen to flume and xxyyxx4agUdtime
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GameStarter
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July 14, 2014, 06:11:26 PM |
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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 Thanks never watched it. Well <20% for a site where most of volume is done it's not too bad. Still some people need to put their money on wallet. XC>>> exchange so store your coin in your wallet and protect yourself and XC from hack  |
XChat adress + Key: XVgjcg7tnFgkthL2hi4yvXiU66FWkZ
Key: bjmK3SsiNEUC2VJkcEGTMRBmqYx3rXhxRh39BvbtpAof
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bitcad4u
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July 14, 2014, 06:17:15 PM |
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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. If it happened to XC my opinion would be much different, reason being is I would have high hopes that 40% of all XCs were not held within mintpal. I have more faith that XC is not being held to dump but rather to accumulate for future. With that in mind, I would assume most XCs are staking in users wallets not on exchanges ready to be hacked or dumped. I would like to estimate that perhaps maybe 80-90% of all XCs are in the investors own controlled wallets - and not on an exchange ready to dump. that is my thoughts. Thank you. |
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Profetu
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July 14, 2014, 06:18:22 PM |
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You must remember to be unsure of anyone's statements; the means of communication is trustless, think about it. The reason Veri was targeted probably had a LOT to do with the VeriBit protocol being abused. The developers of VRC might have paid off mintpal to not disclose this, and mintpal would have obliged because it basically means neither party has to claim responsibility. This is just putting two and two together; why wouldn't any other coin be taken? Why wouldn't the hackers just target Bitcoin? If you choose to believe what you are told from the people that are solely responsible, be my guest; there are plenty of blue pills to go around. As for me, I'll choose the red one. BTC and LTC were unsuccessfully targeted. Also how was VeriBit abused since it is capped to 1 BTC per transaction? So if you are paranoid and uninformed you take the red pill. |
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G-Bert
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July 14, 2014, 06:19:30 PM |
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seems I cant unlock my wallet. says password is incorrect... so when I entered it (twice) i must have got it wrong both times! wtf  This wouldnt be because I updated to the latest wallet would it? thankfully i was only testing it with 1XC! Still, Its made me even more worried to transfer the rest from mintpal. so, do I delete all files including wallet.dat etc and start again? |
XChat XJkVnYD4N4oSjNStgbAUD6UyWuBTWuMRgv
public key fuYPYmK4Sj57PkU2NKg1gKW91euMKkstQPeeexUcxnb8
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PowderMonkey
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July 14, 2014, 06:21:45 PM |
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In lieu of the incident with Mintpal, and to +1 the discussions here about keeping coins in cold storage for safety, here's a link for those browsing this thread who are either new to crypto or are unsure how to secure their coins: http://xc-official.com/wallet/The last portion of this guide talks about how to back up your wallet and back up your private keys. |
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synechist
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Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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July 14, 2014, 06:26:44 PM |
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seems I cant unlock my wallet. says password is incorrect... so when I entered it (twice) i must have got it wrong both times! wtf This wouldnt be because I updated to the latest wallet would it? thankfully i was only testing it with 1XC! Still, Its made me even more worried to transfer the rest from mintpal. so, do I delete all files including wallet.dat etc and start again? Hey G-Bert Did you back up your private keys? How-to: http://www.xc-official.com/wallet/ (scroll down a bit) |
Co-Founder, the Blocknet
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policymaker
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Crypto Currency Supporter
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July 14, 2014, 06:27:45 PM |
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seems I cant unlock my wallet. says password is incorrect... so when I entered it (twice) i must have got it wrong both times! wtf This wouldnt be because I updated to the latest wallet would it? thankfully i was only testing it with 1XC! Still, Its made me even more worried to transfer the rest from mintpal. so, do I delete all files including wallet.dat etc and start again? keep your old wallet.dat, backup ur wallets. your mostly inserting wrong code urself, ive never had a wrong password with any locked wallet whatsoever |
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synechist
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Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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July 14, 2014, 06:29:15 PM |
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You must remember to be unsure of anyone's statements; the means of communication is trustless, think about it. The reason Veri was targeted probably had a LOT to do with the VeriBit protocol being abused. The developers of VRC might have paid off mintpal to not disclose this, and mintpal would have obliged because it basically means neither party has to claim responsibility. This is just putting two and two together; why wouldn't any other coin be taken? Why wouldn't the hackers just target Bitcoin? If you choose to believe what you are told from the people that are solely responsible, be my guest; there are plenty of blue pills to go around. As for me, I'll choose the red one. Makes one wonder. In either case, it's by far the safest to get your coins off the internet. And then to backup your wallet and private keys properly. Check out the How-to's on the website for instructions on keeping your XC safe. (This how-to will be updated later today to reflect the latest wallet version; however backup instructions remain identical.) |
Co-Founder, the Blocknet
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merk475
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July 14, 2014, 06:35:14 PM |
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seems I cant unlock my wallet. says password is incorrect... so when I entered it (twice) i must have got it wrong both times! wtf This wouldnt be because I updated to the latest wallet would it? thankfully i was only testing it with 1XC! Still, Its made me even more worried to transfer the rest from mintpal. so, do I delete all files including wallet.dat etc and start again? keep your old wallet.dat, backup ur wallets. your mostly inserting wrong code urself, ive never had a wrong password with any locked wallet whatsoever As stated it would be a problem with the password itself. If that wallet is locked and you can't unlock it because your password doesn't work, there's really nothing you can do to recover it. Thankfully you only had 1XC in it, so it's not too much of a loss. |
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G-Bert
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July 14, 2014, 06:39:18 PM |
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seems I cant unlock my wallet. says password is incorrect... so when I entered it (twice) i must have got it wrong both times! wtf This wouldnt be because I updated to the latest wallet would it? thankfully i was only testing it with 1XC! Still, Its made me even more worried to transfer the rest from mintpal. so, do I delete all files including wallet.dat etc and start again? keep your old wallet.dat, backup ur wallets. your mostly inserting wrong code urself, ive never had a wrong password with any locked wallet whatsoever yeah i must have just made a mistake. It was the weekend and I'd had a few beers. ive backed up my wallet anyway even though theres only 1 xc in it. but reading the guide... "Important: Note that the wallet.dat file is encrypted, so if you lose your password then you will not be able to access it on any computer." ...so its gone anyway basically yeah? Like I say, its only 1 xc so im not really fussed. |
XChat XJkVnYD4N4oSjNStgbAUD6UyWuBTWuMRgv
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CryptoJohn
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Well, That's Crypto :-\
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July 14, 2014, 06:40:56 PM |
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much respect to XC. I think it's devs are active and providing results.
That said, can we refrain for the juvenile finger pointing @ VRC.
Be glad XC wasn't targeted and the lessons learned from this incident prevent future attacks like this one.
If you want to throw coins under the bus how about choosing shit coins based upon promises and not results.
I always include XC & VRC when discussing crypto's future as their dev teams are getting things done and respond promptly to issues.
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G-Bert
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July 14, 2014, 06:43:11 PM |
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Slightly off topic, but I normally use RoboForm for all my passwords so I can make ridiculously long ones without actually having to remember (or even know) them. I just have one master password for everything.
Would you say this is a good or bad idea in the crypto world?
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XChat XJkVnYD4N4oSjNStgbAUD6UyWuBTWuMRgv
public key fuYPYmK4Sj57PkU2NKg1gKW91euMKkstQPeeexUcxnb8
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weedsmoke420
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July 14, 2014, 06:45:19 PM |
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Slightly off topic, but I normally use RoboForm for all my passwords so I can make ridiculously long ones without actually having to remember (or even know) them. I just have one master password for everything.
Would you say this is a good or bad idea in the crypto world?
A great idea, but you should write them down as well for physical back up. |
Listen to flume and xxyyxx4agUdtime
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