Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 446. (Read 1356146 times)

It was just restarted yesterday. They took it offline when the hack happened, along with veri-bit, to limit any potential problems.

It was up and running again as of last night. They also have another Zues miner giveaway going.

This.

Haven't received any payouts in a couple days. What is going on with the pool?

This is the point, all differences of opinion are not FUD. It's not necessarily what is said but how and, why. There is a basic human need to be recognized and to get attention from other humans, good or bad. On the bad side, most of us will put up with a crap spewer once or even twice but that's about the limit. If the crap starts to interfere with our enjoyment of whatever it is we are doing, such as reading this forum, then one of three things happens depending on the individual:

1. We crap back
2. We move somewhere else
3. We ignore

#1 is the first response that comes to mind. Most people want to prove the other person is an idiot right away, doesn't work though because a response is what they need. Trust me, proof is not required, it's obvious.

#2 is difficult and counter productive since the forums are specific to the readers interest.

#3 works best since it takes the reader out of the situation and, has the side effect of angering the crap poster though most won't admit it.

The only problem with #3 is that, after all, we are still human and most of us still want to engage the antagonist even though we know better. So, take the high road, don't engage and they will eventually fade away. There's plenty of real estate to spew crap on in these forums and it's easy to move on and ruin someone else's day....

PS: If you MUST engage, try to be intelligent, use words with more than one syllable, don't curse, don't drop to their level and above all, don't post more than one reply...

Just my 2 cents...

These thieves have got away with it for so long, It would't be surprising if they are complacent.

Maybe the fuds moved to these guys http://coinjoint.info/navajo-suffers-double-spend-attack/

Would be interesting for the admins to line up fud appearances to the threads of the coins that get hacked. If all names were different accounts coming from same IP ha.

Veri-Bit is a really nice feature. I don't get what all the fuss is about over it. Veri-Bit actually can save you money in some cases.

With current prices, a withdraw at cryptsy is 0.0005 Bitcoin (0.305 USD) cents or 0.0002 Vericoin. (0.000038 USD)

Veri-bit = 1 VRC (0.191 USD) The only limitations to this whole situation is the 1 btc cap on veri-bit for now.


So you can transfer coins to Vericoin wallet from cryptsy, or ANY place that has high bitcoin fees. Earn interest if you stake the network, And you will save your money with none of the inconvenience, or fees associated with transfering them to exchanges to sell, and then back to your bitcoin wallet to be sent out in a merchant transfer. Veri-Bit makes this so easy... Its almost TOO tempting!


Every time I see the veri-bit feature in the wallet I think its subconsciously saying, "hey man, come click on me, lets have a good time"

You get paid out differently in the VRC mining pool.

It pays out over time, rather than right away.

That helps the algo get you better prices, and more VRC for your efforts.

That's kinda my point. Smoothie is more or less fabricating a 'cause for concern' that isn't really worth anyone's concern. 

a potential roll back isn't really the problem because that is only a temporary disruption to the network.
the bigger issue is not rolling back.

if an exchange gets hacked again and someone manages to buy, borrow or steal enough coins to get them over the 51% of staked coins mark and the devs do not step in to roll back and force them out, then they will be able to fork the coin endlessly.

in other words.. perpetual roll back and double spend... also known in the fiat world as perpetual chargeback.

Yep, much innovation to come as a result of Vericoin actions. As stated, they will change the ecosystem.

actually the rule becomes stricter over time.. the more transactions that occur in a given time period the less possible it is to roll back the blockchain for that time period.. this is because it would cause significant financial damage to all those people who had made transactions during that period.

even if you change the code it would still be more difficult over time to get a majority of wallets to adopt the changes.

if you really wanted to you could engineer hardware wallets with storage that could only be written to once (like a CD rom), once you had enough of those devices out in the general public.. it would be physically impossible to roll back the block chain.

I suspect we may see an innovation like this in the future. hardware wallets built into phones that cannot be rolled back.

Your argument is pretty flimsy there mate. I know plenty of merchants, business owners of various sizes, and while none of them obviously enjoy it, it is a potential cost of doing business, and they will be the first to tell you that. There are also laws on the books which allow them to mitigate losses suffered in those instances, and I don't think it far fetched to believe that those same laws could/will be extended to cover crypto transactions as it becomes more mainstream. If you as a 'merchant' only accept crypto, then I imagine your actual scope of understanding regarding this topic is at the very best, virtually non-existent.

The bottom line is that there is, and will always be, some chance of fraud when doing business, because we do not live in a perfect world. However people like you are here making the implication that this is not the case, when anyone who has ever owned  business knows it is completely and totally unavoidable.

Even if there was the chance of a potential rollback again in the future (and the odds of that are slim, lets be blunt it is being blown insanely out or proportion for an event that happened once), it still makes a Vericoin transaction statistically far safer by several orders of magnitude than other forms of transactions that they already accept, and like any other crypto, they already stand to save a fair bit in transaction fees by accepting it.

Comparatively speaking, this entire ordeal isn't even a blip on the radar of daily fraudulent activities, yet a handful of people here are treating it as if it were some kind of ultra high risk transaction when we all know it's not. At this point in time, I really have decided that such people are one of three things, intentionally FUDing the coin, completely out of touch with reality, or just plain stupid. I am positive you fall into one of these three categories, now we just need to find out which one...

V.P.S.A

When dealing with "people" like bobsurplus and friends please press the Ignore button beneath their usernames on the left hand side of the screen. It not only prevents you getting infected with their own special brand of stupidity, but it saves the ozone layer, gets stray puppies adopted, and feeds hungry children, not to mention it preserves your sanity and makes this thread a better place. So please, DO IT FOR THE CHILDREN!

This has been a Veri Public Service Announcement, thank you for your cooperation.

its true.. people are assuming the coin (and exchanges) to be safer and yet the hack has proven that it is far less safe than people had thought.

frankly I am quite shocked at how apathetically Mintpal users have reacted...

when someone survives a heart attack they usually do try take extra precautions to maintain their health.. but that doesn't mean that in any way are they safer. the fact that you had one makes it more likely that you will have another one.

mintpal is the single point of failure for this coin and many others that share the PoS implementation.

not sure if this is a joke or not.. but you can't seriously be serious??

Thanks

The only rules that cannot be broken are the ones that cannot be broken. You can't create coins without mining them because of cryptography, so that's a rule. But you can rollback the blockchain. You can decide to reissue a wallet that will mine more coins past an arbitrary amount.

If you want your precious "first rule of crypto" to be enforced, show me some code that makes it impossible to do a rollback.

Fixed.

Fixed your spelling errors too.

I love the logic in here

It goes something like this:

VRC rolled back to save our money, that means it shows we are a safer coin to invest in, we wont let thieves get away with it. BUY VRC!!

So will VRC rollback every time in the future to protect its investors? No this was the only time they saved the holders money, but BUT BUY VRC!!

ROLLBACK HALLELUJAH !! PNOSKER WE LOVE YOU !!

If you disagree: FUD GTFO

ya the sell walls were really thin at that time when they opened.