Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 520. (Read 1356163 times)
July 14, 2014, 06:59:29 AM
The funny thing is is that if the roll-back hadn't happened, Mintpal would have no choice but to reimburse everyone with BTC at the market value of VRC when the theft happened. Instead everyone is getting their coins back which now have a chunk of value missing which may never return and Mintpal lose practically nothing. VRC holders are being taken for mugs and are just letting it happen.
July 14, 2014, 06:59:13 AM
It's sad that this happen, it would create fear within the crypto world. Come check us out at StealthCoin and wise you all the best.
Man, you got some bad taste, this is like making a commercial for a pub to celebrate... at a funeral
July 14, 2014, 06:58:13 AM
Did they save my investment from harm?
YES
Did the coin show that is safe to put real money into it?
YES
For big investors should i put my money in BTC and let it get robbed or should i put in a coin where the community cares about and its safe VRC?
VRC
from a investors point of view this will say to the markets "HEY I WILL KEEP YOU SAFE NO MATTER WHAT"
BTC also get forked so why this talk? we must be tks otherwise lots of ppl will get is coins stolen.
Kudos to the DEV's and the Community
YES
Did the coin show that is safe to put real money into it?
YES
For big investors should i put my money in BTC and let it get robbed or should i put in a coin where the community cares about and its safe VRC?
VRC
from a investors point of view this will say to the markets "HEY I WILL KEEP YOU SAFE NO MATTER WHAT"
BTC also get forked so why this talk? we must be tks otherwise lots of ppl will get is coins stolen.
Kudos to the DEV's and the Community
Did they save my investment from harm?
YES
Hmmm not really agree with you there, let's take my case, i had quite some k VRC on mintpal, it seems I will have not lost any VRC... BUT it's not only the amount of coins, it's more the value of my coins, a realistic scenario is massive vrc dumps comming in at all other exchanges trading vrc and my coins being worth jackshit at the moment I can access them again on mintpal.
Now, I donot say this is the fault of the VRC team, these guys did an amazing job and I can imagine the decision for rollback was not taken lightly... my first reaction was happiness but then I sat back and tought about it a bit longer and could do nothing but conclude this rollback is the worst solution possible. It destroys the chain of trust, it removed all realworld value from the coin.
No, I'm certainly not trying to FUD cause I'll lose quite some money in this and I truly hoped VRC would be my intermediate ticket to moon... sadly a ticked destroyed by the amateurism that is mintpal.
I can only do 1 legit sugestion here and that is for everybody to pullback all coins from Mintpal, they destroyed again a good thing and they should get seriously punished for it!
But the big dupms of coins are always done by people,it's their choice to dump it and loose money,as an investor you have a choice,if you get into coin you suppose to support it,which might mean hold at times..the price doesn't drop on it's own..
These are done by people indeed, but sadly it is what is going to happen. I was planning this VRC as long term invest but the decision for rollback is not something i can support and many many more investors will share this opinion... not fair for VRC as they did a good job and all this shit is created by mintpals amateurism but it's just the way it is.
The decision for rollback was taken to fast.
Would't it have been 1000x better if (in chronological order):
1. Message gets send out fork might be incoming, all transactions should be put on hold
2. Fork gets created to eliminate stolen coins (not returning them to mintpal but really destroyed)
3. New wallets go live
4. Mintpal gets forced to buy the amount of stolen VRC on market to compensate victims (thus creating huge buy pressure)
5. All back to normal but : Thief has nothing, investers have all coins back at even higher value
A very amazing and fair solution you presented sir !
July 14, 2014, 06:57:25 AM
It's sad that this happen, it would create fear within the crypto world. Come check us out at StealthCoin and wise you all the best.
July 14, 2014, 06:53:57 AM
The only fair solution imho is for mintpal to allow users to selloff all coins to them at 24high price from the moment before the rollback
Good solution if your scenario played out. Why mintpal do this, they are here to earn profit not to lose money like this.
Yup true, long term profit.... but if they did that people would have stayed with them, now most will just pull all their funds back from mintpal and leave them bleeding dry to dead
July 14, 2014, 06:52:03 AM
Did they save my investment from harm?
YES
Did the coin show that is safe to put real money into it?
YES
For big investors should i put my money in BTC and let it get robbed or should i put in a coin where the community cares about and its safe VRC?
VRC
from a investors point of view this will say to the markets "HEY I WILL KEEP YOU SAFE NO MATTER WHAT"
BTC also get forked so why this talk? we must be tks otherwise lots of ppl will get is coins stolen.
Kudos to the DEV's and the Community
YES
Did the coin show that is safe to put real money into it?
YES
For big investors should i put my money in BTC and let it get robbed or should i put in a coin where the community cares about and its safe VRC?
VRC
from a investors point of view this will say to the markets "HEY I WILL KEEP YOU SAFE NO MATTER WHAT"
BTC also get forked so why this talk? we must be tks otherwise lots of ppl will get is coins stolen.
Kudos to the DEV's and the Community
Did they save my investment from harm?
YES
Hmmm not really agree with you there, let's take my case, i had quite some k VRC on mintpal, it seems I will have not lost any VRC... BUT it's not only the amount of coins, it's more the value of my coins, a realistic scenario is massive vrc dumps comming in at all other exchanges trading vrc and my coins being worth jackshit at the moment I can access them again on mintpal.
Now, I donot say this is the fault of the VRC team, these guys did an amazing job and I can imagine the decision for rollback was not taken lightly... my first reaction was happiness but then I sat back and tought about it a bit longer and could do nothing but conclude this rollback is the worst solution possible. It destroys the chain of trust, it removed all realworld value from the coin.
No, I'm certainly not trying to FUD cause I'll lose quite some money in this and I truly hoped VRC would be my intermediate ticket to moon... sadly a ticked destroyed by the amateurism that is mintpal.
I can only do 1 legit sugestion here and that is for everybody to pullback all coins from Mintpal, they destroyed again a good thing and they should get seriously punished for it!
But the big dupms of coins are always done by people,it's their choice to dump it and loose money,as an investor you have a choice,if you get into coin you suppose to support it,which might mean hold at times..the price doesn't drop on it's own..
These are done by people indeed, but sadly it is what is going to happen. I was planning this VRC as long term invest but the decision for rollback is not something i can support and many many more investors will share this opinion... not fair for VRC as they did a good job and all this shit is created by mintpals amateurism but it's just the way it is.
The decision for rollback was taken to fast.
Would't it have been 1000x better if (in chronological order):
1. Message gets send out fork might be incoming, all transactions should be put on hold
2. Fork gets created to eliminate stolen coins (not returning them to mintpal but really destroyed)
3. New wallets go live
4. Mintpal gets forced to buy the amount of stolen VRC on market to compensate victims (thus creating huge buy pressure)
5. All back to normal but : Thief has nothing, investers have all coins back at even higher value
July 14, 2014, 06:51:19 AM
I didn't receive my withdraw from mintpal on the updated wallet...
July 14, 2014, 06:49:30 AM
The only fair solution imho is for mintpal to allow users to selloff all coins to them at 24high price from the moment before the rollback
Good solution if your scenario played out. you think that would have happend ? Hell no mintpal would have said sorry guys we lost your coins deal with it , Next coin please!
I guess that is your own personal translation.
July 14, 2014, 06:48:05 AM
Just sell Yours coins, im w8ing for that.
July 14, 2014, 06:47:41 AM
The only fair solution imho is for mintpal to allow users to selloff all coins to them at 24high price from the moment before the rollback
Good solution if your scenario played out. Why mintpal do this, they are here to earn profit not to lose money like this.
July 14, 2014, 06:45:26 AM
The only fair solution imho is for mintpal to allow users to selloff all coins to them at 24high price from the moment before the rollback
Good solution if your scenario played out. you think that would have happend ? Hell no mintpal would have said sorry guys we lost your coins deal with it , Next coin please!
July 14, 2014, 06:45:10 AM
So far what I get from the FUD is a projection of their own fears at the loss of integrity of their own coins as a result of being shown up by their biggest competitor. Because in reality it seems to be them that experience the loos of integrity, while Vericoin has taken on new followers as a result.
Already watching a few return to the circle. Couple of my friends were very iffy about bitcoin, now they feel they are safe to get in.
Quite funny to watch.
Already watching a few return to the circle. Couple of my friends were very iffy about bitcoin, now they feel they are safe to get in.
Quite funny to watch.
Yea and best for them will be keeping coin on exchange in case of hack they don't need worry about security anymore...
Better not risk having coins on local PC
- no rollbacksThat even hurt ALL crypto this is sad.
July 14, 2014, 06:44:25 AM
Can someone confirm this for me, it is something I asked earlier today:
Are we going through a rollback
or are we going through a fork?
pnosker: Successfully forked off the stolen #VRC. Wallets compiling. Linux users: Git is good. Clear everything but wallet.dat
Saying the stolen VRC were forked off makes it sound like they have been removed, not returned to Mintpal.
This would make way more sense to me.
But I was told earlier this is not possible.
Are we going through a rollback
or are we going through a fork?
pnosker: Successfully forked off the stolen #VRC. Wallets compiling. Linux users: Git is good. Clear everything but wallet.dat
Saying the stolen VRC were forked off makes it sound like they have been removed, not returned to Mintpal.
This would make way more sense to me.
But I was told earlier this is not possible.
Well, good question and if answer negative then why is that as this would be the only good solution.
Stolen coins get destroyed, mintpal buys amount of VRC equal to stolen amount and gives this to all affected users!
July 14, 2014, 06:43:06 AM
Can someone confirm this for me, it is something I asked earlier today:
Are we going through a rollback
or are we going through a fork?
pnosker: Successfully forked off the stolen #VRC. Wallets compiling. Linux users: Git is good. Clear everything but wallet.dat
Saying the stolen VRC were forked off makes it sound like they have been removed, not returned to Mintpal.
This would make way more sense to me.
But I was told earlier this is not possible.
Are we going through a rollback
or are we going through a fork?
pnosker: Successfully forked off the stolen #VRC. Wallets compiling. Linux users: Git is good. Clear everything but wallet.dat
Saying the stolen VRC were forked off makes it sound like they have been removed, not returned to Mintpal.
This would make way more sense to me.
But I was told earlier this is not possible.
Well, good question and if answer negative then why is that as this would be the only good solution.
Stolen coins get destroyed, mintpal buys amount of VRC equal to stolen amount and gives this to all affected users!
This would also solve the other unspoken problem.
Which is the problem of Mintpal having so big % of the coin in the first place.
From what some have said: big enough to attack the network if they wish.
If people are concerned about ghash.io they should be concerned about this as well.
July 14, 2014, 06:42:36 AM
The only fair solution imho is for mintpal to allow users to selloff all coins to them at 24high price from the moment before the rollback
Good solution if your scenario played out. July 14, 2014, 06:41:26 AM
Did they save my investment from harm?
YES
Did the coin show that is safe to put real money into it?
YES
For big investors should i put my money in BTC and let it get robbed or should i put in a coin where the community cares about and its safe VRC?
VRC
from a investors point of view this will say to the markets "HEY I WILL KEEP YOU SAFE NO MATTER WHAT"
BTC also get forked so why this talk? we must be tks otherwise lots of ppl will get is coins stolen.
Kudos to the DEV's and the Community
YES
Did the coin show that is safe to put real money into it?
YES
For big investors should i put my money in BTC and let it get robbed or should i put in a coin where the community cares about and its safe VRC?
VRC
from a investors point of view this will say to the markets "HEY I WILL KEEP YOU SAFE NO MATTER WHAT"
BTC also get forked so why this talk? we must be tks otherwise lots of ppl will get is coins stolen.
Kudos to the DEV's and the Community
Did they save my investment from harm?
YES
Hmmm not really agree with you there, let's take my case, i had quite some k VRC on mintpal, it seems I will have not lost any VRC... BUT it's not only the amount of coins, it's more the value of my coins, a realistic scenario is massive vrc dumps comming in at all other exchanges trading vrc and my coins being worth jackshit at the moment I can access them again on mintpal.
Now, I donot say this is the fault of the VRC team, these guys did an amazing job and I can imagine the decision for rollback was not taken lightly... my first reaction was happiness but then I sat back and tought about it a bit longer and could do nothing but conclude this rollback is the worst solution possible. It destroys the chain of trust, it removed all realworld value from the coin.
No, I'm certainly not trying to FUD cause I'll lose quite some money in this and I truly hoped VRC would be my intermediate ticket to moon... sadly a ticked destroyed by the amateurism that is mintpal.
I can only do 1 legit sugestion here and that is for everybody to pullback all coins from Mintpal, they destroyed again a good thing and they should get seriously punished for it!
But the big dumps of coins are always done by people,it's their choice to dump it and loose money,as an investor you have a choice,if you get into coin you suppose to support it,which might mean hold at times..the price doesn't drop on it's own..
July 14, 2014, 06:40:57 AM
Did they save my investment from harm?
YES
Hmmm not really agree with you there, let's take my case, i had quite some k VRC on mintpal, it seems I will have not lost any VRC... BUT it's not only the amount of coins, it's more the value of my coins, a realistic scenario is massive vrc dumps comming in at all other exchanges trading vrc and my coins being worth jackshit at the moment I can access them again on mintpal.
Now, I donot say this is the fault of the VRC team, these guys did an amazing job and I can imagine the decision for rollback was not taken lightly... my first reaction was happiness but then I sat back and tought about it a bit longer and could do nothing but conclude this rollback is the worst solution possible. It destroys the chain of trust, it removed all realworld value from the coin.
No, I'm certainly not trying to FUD cause I'll lose quite some money in this and I truly hoped VRC would be my intermediate ticket to moon... sadly a ticked destroyed by the amateurism that is mintpal.
I can only do 1 legit sugestion here and that is for everybody to pullback all coins from Mintpal, they destroyed again a good thing and they should get seriously punished for it!
You still have your coins, if the competition cannot pull off what they want, why would your coins lose value?YES
Hmmm not really agree with you there, let's take my case, i had quite some k VRC on mintpal, it seems I will have not lost any VRC... BUT it's not only the amount of coins, it's more the value of my coins, a realistic scenario is massive vrc dumps comming in at all other exchanges trading vrc and my coins being worth jackshit at the moment I can access them again on mintpal.
Now, I donot say this is the fault of the VRC team, these guys did an amazing job and I can imagine the decision for rollback was not taken lightly... my first reaction was happiness but then I sat back and tought about it a bit longer and could do nothing but conclude this rollback is the worst solution possible. It destroys the chain of trust, it removed all realworld value from the coin.
No, I'm certainly not trying to FUD cause I'll lose quite some money in this and I truly hoped VRC would be my intermediate ticket to moon... sadly a ticked destroyed by the amateurism that is mintpal.
I can only do 1 legit sugestion here and that is for everybody to pullback all coins from Mintpal, they destroyed again a good thing and they should get seriously punished for it!
Other than a backfired hack attempt and a ton of FUD there isn't a whole lot the competition can do. (unless they create something to attract everyone, which is largely a fail resulting in their congregation to this thread and focus on FUD development)
July 14, 2014, 06:40:36 AM
Can someone confirm this for me, it is something I asked earlier today:
Are we going through a rollback
or are we going through a fork?
pnosker: Successfully forked off the stolen #VRC. Wallets compiling. Linux users: Git is good. Clear everything but wallet.dat
Saying the stolen VRC were forked off makes it sound like they have been removed, not returned to Mintpal.
This would make way more sense to me.
But I was told earlier this is not possible.
Are we going through a rollback
or are we going through a fork?
pnosker: Successfully forked off the stolen #VRC. Wallets compiling. Linux users: Git is good. Clear everything but wallet.dat
Saying the stolen VRC were forked off makes it sound like they have been removed, not returned to Mintpal.
This would make way more sense to me.
But I was told earlier this is not possible.
Well, good question and if answer negative then why is that as this would be the only good solution.
Stolen coins get destroyed, mintpal buys amount of VRC equal to stolen amount and gives this to all affected users!
July 14, 2014, 06:37:44 AM
Devs created a new branch of the block chain and we as community accepted it by using the new wallet. End of story!
Tradings on mint pal and other exchanges which have been made after the attack are documented and will be reversed back by the exchange and the rest will be funded their damage.
So we do here a perfect time jump in term of financial state, so everyone can profit now but the fuckin thief.
I don't understand your problem. Dev don't do any time warp by their own it was a solution presented to the community by their Devs because it happens that today, because this coin is young, most of vericoin holder are investors and traders as it is the case with bitcoin.
Tomorrow you will see that everything will be fine and mint pal will enhance security.
Vericoin will be on everyone's mind and in every news paper known as the "unhackable" and mint pal will kiss our ass for saving them their ass.
We are the same coin as before the hard fork but without a 8 million vrc heavy douchebag which can threaten us anytime.
We as community will rise from this and be the REASON for the first decentralized exchange. Maybe we will be the first creating it.
Tradings on mint pal and other exchanges which have been made after the attack are documented and will be reversed back by the exchange and the rest will be funded their damage.
So we do here a perfect time jump in term of financial state, so everyone can profit now but the fuckin thief.
I don't understand your problem. Dev don't do any time warp by their own it was a solution presented to the community by their Devs because it happens that today, because this coin is young, most of vericoin holder are investors and traders as it is the case with bitcoin.
Tomorrow you will see that everything will be fine and mint pal will enhance security.
Vericoin will be on everyone's mind and in every news paper known as the "unhackable" and mint pal will kiss our ass for saving them their ass.
We are the same coin as before the hard fork but without a 8 million vrc heavy douchebag which can threaten us anytime.
We as community will rise from this and be the REASON for the first decentralized exchange. Maybe we will be the first creating it.
How will everybody profit from this? AS soon as my coins are available on mintcrap the value will already be decreased like hell from the selloff on other platforms.
The only fair solution imho is for mintpal to allow users to selloff all coins to them at 24high price from the moment before the rollback
July 14, 2014, 06:36:24 AM
What Reavon said, 100%
Totally right.
mtdspain.. this was an exceptional circumstance. I explained, that given the AGE of the coin, the fact that it's not in use in the real world for buying things.. it's a speculation object at the moment, with a lot of upside. That doesn't change for me. The thief got done, not us.
It has happened 1 time.. once and in exceptional circumstances.
Why can't people see that? Circumstance meant that this course of action was both possible (because of AGE / Distribution of the coin (without too many problems)) and workable.
It's an EXCEPTIONAL circumstance.. that has happened 1 TIME in crypto.
If this had of happened 6 months down the line, i doubt the Dev's would have agreed to fork, and it would have been 'eat shit' mintpal.
But 8M coins could destroy this very fucking promising coin in it's infacy.. after all that hard work??
TOTAL NO BRAINER!! and the right thing to do.
And NO - it doesn't mean ANYTHING for other coins or crypto in general. It happened at a stage early enough in the coins life that it was possible to do..
Totally right.
mtdspain.. this was an exceptional circumstance. I explained, that given the AGE of the coin, the fact that it's not in use in the real world for buying things.. it's a speculation object at the moment, with a lot of upside. That doesn't change for me. The thief got done, not us.
It has happened 1 time.. once and in exceptional circumstances.
Why can't people see that? Circumstance meant that this course of action was both possible (because of AGE / Distribution of the coin (without too many problems)) and workable.
It's an EXCEPTIONAL circumstance.. that has happened 1 TIME in crypto.
If this had of happened 6 months down the line, i doubt the Dev's would have agreed to fork, and it would have been 'eat shit' mintpal.
But 8M coins could destroy this very fucking promising coin in it's infacy.. after all that hard work??
TOTAL NO BRAINER!! and the right thing to do.
And NO - it doesn't mean ANYTHING for other coins or crypto in general. It happened at a stage early enough in the coins life that it was possible to do..
Jump to: