[ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 493.

BitcoinPorn

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Quote from: neurorit on July 14, 2014, 11:02:55 PM

Education. After seeing scam after scam and then identifying the crutch in almost everyone of those scams, it came down to trust.

seriously read through bitcointalk.org there's 1000s of scam threads in which you have people proclaiming trust in the devs.

You're not supposed to have to trust the devs.

I don't believe education is your reason for posting at all. See my join date, I've read through many scams and been through many different coins. Hell, I did own "SolidCoin" which I believe was the second alt coin after Litecoin, or one of the earliest, which I never paid for any SolidCoin, always got it for free. I believe that was a scam in the end, but it was a matter of picking and choosing battles and seeing where things go.

I am not saying your way of thinking is wrong for yourself, just your way of thinking does not have to be right for every person or every coin. Believe me when I say I prefer open source as a general rule, it just makes sense imo, and I hope some features of Vericoin are able to change protocol to be open source. For now though, the transparency and interaction from the developers is enough for me to see where this coin is going.

People in this thread and all the other Vericoin communities (Vericoin reddit, Twitter, Veritalk forums) are very aware they are putting a lot of trust in the developers and that many of the key features that separate Vericoin from other coins rely on these devs. You're not supposed to have to trust the devs, but people can if they want and there is no need to be negative about people having choice :/ (btw, I mean that from the Vericoin users that attack back as well, bullshit posts can stop and be discussed better from haters and lovers of the coin)

neurorit

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Quote from: pb2014 on July 14, 2014, 11:07:36 PM

Get your head out your ass.

You really think your shitcoin is decentralized. HA

hehe

you talking to me?

I presently own 2 coins other than a couple 2.0 platforms. Bitcoin which is sill pretty decentralized considering and Myriad which is extremely decentralized. You see, I'm somewat of a decentralization connoisseur when it come to ideas like money.

http://imgur.com/Eqmn6EE

pb2014

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Quote from: neurorit on July 14, 2014, 10:44:44 PM

Quote from: ?? on ??

If you look at the history chart for VRC's staking power network-wide, there was a massive drop off of millions in weight when the hack is claimed to have happened. They didn't stake, my ass. Also, the coins were wild out of Mintpal's control for over 10 hours, exchanges were not frozen - yet they sat at the same two withdrawal addresses and did not move at all, and the fork was done the next day. What hacker do you know that wouldn't sell a single coin after stealing it? Mintpal is full of shit. This all looks much more like they lost the coins somehow, perhaps by transferring to an inaccessible address, or overwriting files they shouldn'tve - something. If they lost $2 mil USD, they were facing UK prison - so they tell the VRC devs they got hacked, Nosker is pressured to save his network against the possibility of a single majority-staker, and the userbase for both VRC and Mintpal get to scratch their heads over what the real story is behind all the shadows and bullshit.

One thing is for sure, Mintpal failed due to negligence and/or incompetence, and they're being less than honest about the details of the issue and how they operate their business. Nosker's hand was a bit forced to save his coin, considering the circumstances - but one can't help but wonder what he knew. His argument about throwing up massive sell walls on the exchanges to "help investors" doesn't make much sense to me. Wouldn't he want BTC walls to prevent the price crashing? Seems odd. Anyway, fuck Mintpal, and shame VRC got dragged into it.

See this is the entire point. People are too cool with trusting devs and believing the first story they heard blah blah.

The entire point of crypto is that you don't have to trust anyone. And then you have these Veri bagholders defending and saying they prefer that all the Veri services are centralized cuz they want have a face they can trust.

It's supposed to be open-source, distributed not closed source and under their care. I don't get how more people arent calling this crap out.

Get your head out your ass.

You really think your shitcoin is decentralized. HA

Celani10

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10 million vrc staking on wallets : http://vrcstake.ticonerd.com/ , this time = vrc will go very high .

PUMP and DUMP in the same day are over Smiley whales have learned a lesson with mintpal attack

= WHALES :Repeat after me = i will never put 100 btc worth of VRC in any exchange = i will buy cheap on exchange >> withdrawto my wallet >> wait for the price to go up >> then sell it on exchange >> withdraw btc >> repeat again Smiley .

VRC is going very far this time Smiley with this story = 1.45 million EUROS stolen from an exchange , VCR DEV help investors to recover all their money = VRC DEV IS A HERO Smiley = VRC will attract all medias attention : TV , RADIO , BUSINESS MAGAZINES , NEWSPAPER ....etc its going viral on twitter right now , facebook = viral . you will see this week vrc at 100k - 180 k . soooo happyyy Smiley

neurorit

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Education. After seeing scam after scam and then identifying the crutch in almost everyone of those scams, it came down to trust.

seriously read through bitcointalk.org there's 1000s of scam threads in which you have people proclaiming trust in the devs.

You're not supposed to have to trust the devs. Open source means you don't have to trust them. It's not a rule. There are no rules. But when you have a coin that A) has a network that is dangerously centralized. PoS coin having that large of a percentage of its coins supply on an exchange wallet is messed up. It's so much worse than Ghash.Io and such. Then B) you have coins that are secure and are open source which don't require trusting the devs that offer the same functionality except maybe a couple gimmicky centralized features ... it reeks. Sorry it does. If you're a holder learn from it.

Sorry, seeing this crap and what it could potentially lead to with other crapcoins in the future just kinda sucks.

So yeah, education is my motivation for posting.

Quote from: BitcoinPorn on July 14, 2014, 10:50:08 PM

Quote from: neurorit on July 14, 2014, 10:44:44 PM

It's supposed to be open-source, distributed not closed source and under their care. I don't get how more people arent calling this crap out.

Where is this rule that every digital currency must be open source? I know I personally prefer things open source as a general rule, however that doesn't mean every person or entity by default is not trustworthy, pick and choose your battles. With what the devs have done with this rollback has given me a lot more faith and trust in them. I don't understand your negativity with your multiple posts through this thread because people think differently than you :/

socal

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VRC LOGO STICKERS AND LOTTO TICKETS FOR THE LAST PHYSICAL VERICOIN ARE STILL AVAILABLE, MSG ME TO BUY

BitcoinPorn

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Quote from: neurorit on July 14, 2014, 10:44:44 PM

It's supposed to be open-source, distributed not closed source and under their care. I don't get how more people arent calling this crap out.

Where is this rule that every digital currency must be open source? I know I personally prefer things open source as a general rule, however that doesn't mean every person or entity by default is not trustworthy, pick and choose your battles. With what the devs have done with this rollback has given me a lot more faith and trust in them. I don't understand your negativity with your multiple posts through this thread because people think differently than you :/

tigerwood0432

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Quote from: BitcoinPorn on July 14, 2014, 10:43:19 PM

Richie Lai
@richiela
Audit complete and everything cleaned up! #VRC @BittrexExchange ... If anything is off, please open a support ticket with us.

---

Finally!

Time to stake

Yes time to stake VRC : 50 % vrc staked : vrcstake.ticonerd.com = NO SELLERS = VRC is going to JUPITER

Even the fudders gone from the post = they went to buy vrc ahahahhaha

neurorit

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Quote from: ?? on ??

If you look at the history chart for VRC's staking power network-wide, there was a massive drop off of millions in weight when the hack is claimed to have happened. They didn't stake, my ass. Also, the coins were wild out of Mintpal's control for over 10 hours, exchanges were not frozen - yet they sat at the same two withdrawal addresses and did not move at all, and the fork was done the next day. What hacker do you know that wouldn't sell a single coin after stealing it? Mintpal is full of shit. This all looks much more like they lost the coins somehow, perhaps by transferring to an inaccessible address, or overwriting files they shouldn'tve - something. If they lost $2 mil USD, they were facing UK prison - so they tell the VRC devs they got hacked, Nosker is pressured to save his network against the possibility of a single majority-staker, and the userbase for both VRC and Mintpal get to scratch their heads over what the real story is behind all the shadows and bullshit.

One thing is for sure, Mintpal failed due to negligence and/or incompetence, and they're being less than honest about the details of the issue and how they operate their business. Nosker's hand was a bit forced to save his coin, considering the circumstances - but one can't help but wonder what he knew. His argument about throwing up massive sell walls on the exchanges to "help investors" doesn't make much sense to me. Wouldn't he want BTC walls to prevent the price crashing? Seems odd. Anyway, fuck Mintpal, and shame VRC got dragged into it.

See this is the entire point. People are too cool with trusting devs and believing the first story they heard blah blah.

The entire point of crypto is that you don't have to trust anyone. And then you have these Veri bagholders defending and saying they prefer that all the Veri services are centralized cuz they want have a face they can trust.

It's supposed to be open-source, distributed not closed source and under their care. I don't get how more people arent calling this crap out.

BitcoinPorn

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Activity: 630

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Posts: 69

Richie Lai
@richiela
Audit complete and everything cleaned up! #VRC @BittrexExchange ... If anything is off, please open a support ticket with us.

---

Finally!

Time to stake

bigc1984

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Quote from: BitcoinPorn on July 14, 2014, 10:31:43 PM

Quote from: ?? on ??

If you look at the history chart for VRC's staking power network-wide, there was a massive drop off of millions in weight when the hack is claimed to have happened. They didn't stake, my ass. Also, the coins were wild out of Mintpal's control for over 10 hours, exchanges were not frozen - yet they sat at the same two withdrawal addresses and did not move at all, and the fork was done the next day. What hacker do you know that wouldn't sell a single coin after stealing it? Mintpal is full of shit. This all looks much more like they lost the coins somehow, perhaps by transferring to an inaccessible address, or overwriting files they shouldn'tve - something. If they lost $2 mil USD, they were facing UK prison - so they tell the VRC devs they got hacked, Nosker is pressured to save his network against the possibility of a single majority-staker, and the userbase for both VRC and Mintpal get to scratch their heads over what the real story is behind all the shadows and bullshit.

One thing is for sure, Mintpal failed due to negligence and/or incompetence, and they're being less than honest about the details of the issue and how they operate their business. Nosker's hand was a bit forced to save his coin, considering the circumstances - but one can't help but wonder what he knew. His argument about throwing up massive sell walls on the exchanges to "help investors" doesn't make much sense to me. Wouldn't he want BTC walls to prevent the price crashing? Seems odd. Anyway, fuck Mintpal, and shame VRC got dragged into it.

Interesting theories. I agree about the coins not being moved after being stolen is fishy as all hell.

Has mintpal released logs proving their story yet?

tigerwood0432

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Quote from: amirmass on July 14, 2014, 10:23:09 PM

FUD is over..
26 btc buy today, the chinese dude still in, whales bought all the way up to 42 last week, people are staking coins out off exchanges, chart looks healthy
expect a new high in vrc today or tomorrow, then 300k in 3 weeks

300 k in less than 3 weeks , see 13 million coins are staking : vrcstake.ticonerd.com = and people continue to download vrc wallet (for example , i just downloaded vrc wallet and will stake my 80K vrc) . HUGE investors on cryptsy are sync their wallet to stake . = tomorow 100K vrc

BitcoinPorn

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Quote from: ?? on ??

If you look at the history chart for VRC's staking power network-wide, there was a massive drop off of millions in weight when the hack is claimed to have happened. They didn't stake, my ass. Also, the coins were wild out of Mintpal's control for over 10 hours, exchanges were not frozen - yet they sat at the same two withdrawal addresses and did not move at all, and the fork was done the next day. What hacker do you know that wouldn't sell a single coin after stealing it? Mintpal is full of shit. This all looks much more like they lost the coins somehow, perhaps by transferring to an inaccessible address, or overwriting files they shouldn'tve - something. If they lost $2 mil USD, they were facing UK prison - so they tell the VRC devs they got hacked, Nosker is pressured to save his network against the possibility of a single majority-staker, and the userbase for both VRC and Mintpal get to scratch their heads over what the real story is behind all the shadows and bullshit.

One thing is for sure, Mintpal failed due to negligence and/or incompetence, and they're being less than honest about the details of the issue and how they operate their business. Nosker's hand was a bit forced to save his coin, considering the circumstances - but one can't help but wonder what he knew. His argument about throwing up massive sell walls on the exchanges to "help investors" doesn't make much sense to me. Wouldn't he want BTC walls to prevent the price crashing? Seems odd. Anyway, fuck Mintpal, and shame VRC got dragged into it.

Interesting theories. I agree about the coins not being moved after being stolen is fishy as all hell.

neurorit

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Well since you're a mum/dad investor maybe you should invest into Paypal instead of the Paypal of the alt world. If you're going to use a platform that requires trust wouldn't you rather it be insured and have years proving they're trust worthy?

Every service VeriCoin offers is taking a shortcut as far as crypto is concerned. Closed source, cenrtralized. VeriSMS = centralized VeriBit = centralized VeriSend = centralized.

Centralized means it has a central point of failure which is the opposite of what a trustless distributed system aims to accomplish.

VeriCoin should stop calling itself a decentralized cryptocurrency and register as corporation and sell stocks because that's essentially how they're operating. And you think you can trust them when scams are so rampant in this space?

I'm not fudding. I'm trying to educate.

Another thing since you're saying you're simple, as if to give yourself an excuse to not do your due diligence.

PoS coins used the way this coin is being used is extremely insecure. 30% all on one wallet is worse than Ghash.Io having more 50% of bitcoins hashrate. It's not wise to store value on such a weak network. That's not fud, that is common sense.

Quote from: ozboy2014 on July 14, 2014, 10:18:05 PM

I am a simple "mum/dad investor" and as far as I am concerned, the Devs have done an excellent job in protecting the integrity of the coins. For VRCs to be seen as a coin that we can trust by the wider community, we need to see that these fuckwit criminals can't just get away with stealing people's hard earned investments going forward...

I understand that the main reason of the rollback was to protect against the potential 51% attack and I am NOT condoning the actions of Mintpal.They should be held accountable. Those of you who've transacted after/between/during the fork should be reimbursed/honoured by Mintpal at their own expenses i.e. if they want to regain people's trust. The decision to rollback was also done with the major consent of the community (I believe 70% supported the rollback) so those of you who are FUDDING because you have nothing else better to do, perhaps its time to move on. If you have lost some coins then please take it up with MP otherwise SHUT DA FUCK UP!

Shinraven

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Quote from: ozboy2014 on July 14, 2014, 10:18:05 PM

I am a simple "mum/dad investor" and as far as I am concerned, the Devs have done an excellent job in protecting the integrity of the coins. For VRCs to be seen as a coin that we can trust by the wider community, we need to see that these fuckwit criminals can't just get away with stealing people's hard earned investments going forward...

I understand that the main reason of the rollback was to protect against the potential 51% attack and I am NOT condoning the actions of Mintpal.They should be held accountable. Those of you who've transacted after/between/during the fork should be reimbursed/honoured by Mintpal at their own expenses i.e. if they want to regain people's trust. The decision to rollback was also done with the major consent of the community (I believe 70% supported the rollback) so those of you who are FUDDING because you have nothing else better to do, perhaps its time to move on. If you have lost some coins then please take it up with MP otherwise SHUT DA FUCK UP!

Well put!

Bobsurplus

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Making money since I was in the womb! @emc2whale

Quote from: amirmass on July 14, 2014, 10:23:09 PM

FUD is over..
26 btc buy today, the chinese dude still in, whales bought all the way up to 42 last week, people are staking coins out off exchanges, chart looks healthy
expect a new high in vrc today or tomorrow, then 300k in 3 weeks

LMAO.. This coin is a joke!

amirmass

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FUD is over..
26 btc buy today, the chinese dude still in, whales bought all the way up to 42 last week, people are staking coins out off exchanges, chart looks healthy
expect a new high in vrc today or tomorrow, then 300k in 3 weeks

tigerwood0432

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Quote from: ozboy2014 on July 14, 2014, 10:18:05 PM

I am a simple "mum/dad investor" and as far as I am concerned, the Devs have done an excellent job in protecting the integrity of the coins. For VRCs to be seen as a coin that we can trust by the wider community, we need to see that these fuckwit criminals can't just get away with stealing people's hard earned investments going forward...

I understand that the main reason of the rollback was to protect against the potential 51% attack and I am NOT condoning the actions of Mintpal.They should be held accountable. Those of you who've transacted after/between/during the fork should be reimbursed/honoured by Mintpal at their own expenses. if they want to regain people's trust. The decision to rollback was also done with the major consent of the community (I believe 70% supported the rollback) so those of you who are FUDDING because you have nothing else better to do, perhaps its time to move on. If you have lost some coins then please take it up with MP otherwise SHUT DA FUCK UP!

+ 1 if these dickheads fudder has lost 80k vrc = 35 btc worth = they will be crying yesterday lol = what hypocrites

BitcoinPorn

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Quote from: pb2014 on July 14, 2014, 10:08:52 PM

Why da fuq did Mintpal hold 8mil Vericion's($2mil) in a hot wallet. I want a good explanation.

“We did have cold storage setup for VRC, however in this instance, due to an error for which only we can be accountable, we had transferred far fewer coins than was required, resulting in a large proportion of coins being left in the hot wallet.”

http://www.coindesk.com/bitcoin-protected-vericoin-stolen-mintpal-wallet-breach/

---

While I do not see this as a "good" explanation, it is their explanation. I sadly see it as a way they were earning interest off of other peoples coins, but who knows.

ozboy2014

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I am a simple "mum/dad investor" and as far as I am concerned, the Devs have done an excellent job in protecting the integrity of the coins. For VRCs to be seen as a coin that we can trust by the wider community, we need to see that these fuckwit criminals can't just get away with stealing people's hard earned investments going forward...

I understand that the main reason of the rollback was to protect against the potential 51% attack and I am NOT condoning the actions of Mintpal.They should be held accountable. Those of you who've transacted after/between/during the fork should be reimbursed/honoured by Mintpal at their own expenses i.e. if they want to regain people's trust. The decision to rollback was also done with the major consent of the community (I believe 70% supported the rollback) so those of you who are FUDDING because you have nothing else better to do, perhaps its time to move on. If you have lost some coins then please take it up with MP otherwise SHUT DA FUCK UP!

Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 493. (Read 1356154 times)