[ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 554.

btminer8

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Quote from: RW-Stott on July 13, 2014, 09:31:21 PM

Quote from: Liquid71 on July 13, 2014, 07:50:58 PM

I'm sorry to the guys who lost coins, but you lost them because of Mintpal and they should reimburse you not the entire blockchain being forked. If Mintpal can't pay then the community shouldn't have trusted so many coins with one exchange. Isn't this a decentralized crypto coin? You can't become centralized when it's convenient to bail out an exchange because it's convenient.

Why not be Visa coin and allow chargebacks, and while you're at it have a Vericoin bank and offer Verinsurance

This coin is forever tainted, and this is a sad day for all alt coins. Mintpal is NOT too big to fail. Maybe we should fork the Bitcoin blockchain to bail out Mt. Gox and Mark Karplees Undecided

+1, sad but true.

Mtgox only admits they had lost almost 750,000 (7% of supply) 2 weeks after they stopped withdrawal. It is already too late for them to do anything.

7% is insignificant compare to 30%. Bitcoin had much more infrastructures (eg exchanges, merchants) then vericoin now. No one can convince 50% of the network to roll back blockchain. Bitcoin network is just too decentralized.

Vericoin now at most is only a speculative investment; I highly doubt anyone would use Vericoin/Verbit for everyday transaction. Vericoin developers and big 4 exchanges were quick to understand the situation to devise a plan allows them to minimize damage to the network integrity.

I hope everyone learns a lesson here and move on. Fud-ing without any constructive argument is not in our best interest for the whole crypto currency communities. What about discussing the solution to today problem?

buy4crypto

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Activity: 434

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freecrypto.top

Quote from: loges on July 13, 2014, 09:55:34 PM

Quote from: tigerwood0432 on July 13, 2014, 09:47:35 PM

Quote from: buy4crypto on July 13, 2014, 09:38:51 PM

Quote from: RW-Stott on July 13, 2014, 09:31:21 PM

Quote from: Liquid71 on July 13, 2014, 07:50:58 PM

I'm sorry to the guys who lost coins, but you lost them because of Mintpal and they should reimburse you not the entire blockchain being forked. If Mintpal can't pay then the community shouldn't have trusted so many coins with one exchange. Isn't this a decentralized crypto coin? You can't become centralized when it's convenient to bail out an exchange because it's convenient.

Why not be Visa coin and allow chargebacks, and while you're at it have a Vericoin bank and offer Verinsurance

This coin is forever tainted, and this is a sad day for all alt coins. Mintpal is NOT too big to fail. Maybe we should fork the Bitcoin blockchain to bail out Mt. Gox and Mark Karplees Undecided

+1, sad but true.

The point is theft could be prevented and was. If I told you there was a better way then letting someone steal confidence from the whole crypto system would you believe it?

It was done. The money will be returned and no thieves will be able to steal money from hundreds of individuals crypto accounts.

Its a matter of time before news picks up that a new crypto currency PREVENTED fraud and returned money to hundreds, if not thousands of investors with NO LOSS. and within 1 day? WHAT? I can't believe it! Oh, yeah I can, its Bitcoin? Wait, NOOOO its that new kid VERICOIN!!!

+1 vericoin attack will go viral = already spread on twitter + facebbok = no one can ignore vrc now . + tomorow all medias worldwide will relay the infos . TV , radio , newspaper , business magazines ...........etc VRC will be the new BTC

So happy

TV, radio, newspapers? This is getting better than the uro thread the other day.

You see gox on the news ever? You don't think this is bigger news? Every other exchange story is, EXCHANGE HACKED, EVERYONE LOST MONEY.

Whats different about this one? Its a pretty big deal.

loges

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Activity: 308

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Super Smash Bros. Ultimate Available Now!

Quote from: tigerwood0432 on July 13, 2014, 09:47:35 PM

Quote from: buy4crypto on July 13, 2014, 09:38:51 PM

Quote from: RW-Stott on July 13, 2014, 09:31:21 PM

Quote from: Liquid71 on July 13, 2014, 07:50:58 PM

I'm sorry to the guys who lost coins, but you lost them because of Mintpal and they should reimburse you not the entire blockchain being forked. If Mintpal can't pay then the community shouldn't have trusted so many coins with one exchange. Isn't this a decentralized crypto coin? You can't become centralized when it's convenient to bail out an exchange because it's convenient.

Why not be Visa coin and allow chargebacks, and while you're at it have a Vericoin bank and offer Verinsurance

This coin is forever tainted, and this is a sad day for all alt coins. Mintpal is NOT too big to fail. Maybe we should fork the Bitcoin blockchain to bail out Mt. Gox and Mark Karplees Undecided

+1, sad but true.

The point is theft could be prevented and was. If I told you there was a better way then letting someone steal confidence from the whole crypto system would you believe it?

It was done. The money will be returned and no thieves will be able to steal money from hundreds of individuals crypto accounts.

Its a matter of time before news picks up that a new crypto currency PREVENTED fraud and returned money to hundreds, if not thousands of investors with NO LOSS. and within 1 day? WHAT? I can't believe it! Oh, yeah I can, its Bitcoin? Wait, NOOOO its that new kid VERICOIN!!!

+1 vericoin attack will go viral = already spread on twitter + facebbok = no one can ignore vrc now . + tomorow all medias worldwide will relay the infos . TV , radio , newspaper , business magazines ...........etc VRC will be the new BTC

So happy

TV, radio, newspapers? This is getting better than the uro thread the other day.

buy4crypto

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Activity: 434

Merit: 250

freecrypto.top

Quote from: btcsnippers on July 13, 2014, 09:53:48 PM

Quote from: buy4crypto on July 13, 2014, 09:49:24 PM

Quote from: Fippy on July 13, 2014, 09:46:46 PM

The future of crypto is not in the people that currently hold it. It's in the ones who will come and make it mainstream.

They will not see this as a taint upon the coin, but rather a disaster averted where other coins, including Bitcoin itself, left it's holders high and dry in the face of such odds.

This is the day that cryptocurrency starts to look 'safe' in the eyes of the masses. And it is the opinion of the masses yet to come, not the fudsters and 'purists' in this thread, that will be the driving force in the months and years to come.

You have witnessed something special today folks, mark my words.

And to the devs, congrats on a job well done.

I am with you. Just a few more minutes, and once everything is smooth for a couple hours I am going to copy / paste a nice essay to as many news stations, bloggers as it takes to get this viral, I promise.

This is the day crypto will get more people who think its safe now, from the wild wild west of bitcoin where thieves win. NOT ANYMORE.

2 mln heist "rolled back" that might make some news channels.

It was a better outcome than past outcomes, and criminals get 0. Its really big headlines for finance, not crypto, FINANCE!

I am skipping crypto when I go promote this story, Im going to the big news and start from there, work my way down

hero18688

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Activity: 392

Merit: 250

Quote from: tigerwood0432 on July 13, 2014, 08:07:19 PM

Quote from: leckey on July 13, 2014, 08:03:24 PM

Quote from: realestmofo on July 13, 2014, 08:00:57 PM

Be sure to move your coins to Bittrex if you day trade. I would say get 2-3 exchanges going with some volume but that'll never happen so lets just stick with Bittrex.

Or don't keep coins on an exchange. Have you not learned anything by this?

+1 Don't keep your coin on any exchange , put in your wallet , and save your wallet 20 times in different places . Send to exchanges only when needed . It was a good lesson

Sometimes when you saw a good price to sell.But you have to wait for it transfered from wallet.When it is done.The price gone.

btcsnippers

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Activity: 217

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Quote from: buy4crypto on July 13, 2014, 09:49:24 PM

Quote from: Fippy on July 13, 2014, 09:46:46 PM

The future of crypto is not in the people that currently hold it. It's in the ones who will come and make it mainstream.

They will not see this as a taint upon the coin, but rather a disaster averted where other coins, including Bitcoin itself, left it's holders high and dry in the face of such odds.

This is the day that cryptocurrency starts to look 'safe' in the eyes of the masses. And it is the opinion of the masses yet to come, not the fudsters and 'purists' in this thread, that will be the driving force in the months and years to come.

You have witnessed something special today folks, mark my words.

And to the devs, congrats on a job well done.

I am with you. Just a few more minutes, and once everything is smooth for a couple hours I am going to copy / paste a nice essay to as many news stations, bloggers as it takes to get this viral, I promise.

This is the day crypto will get more people who think its safe now, from the wild wild west of bitcoin where thieves win. NOT ANYMORE.

2 mln heist "rolled back" that might make some news channels.

BitcoinPorn

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Activity: 630

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Posts: 69

In other news....

Not directly VeriCoin specific, but on Crypto Coins in general, watch what sites you are reading your news from...

Trustworthy -
Coin Fire — http://coinfire.cf/
CoinDesk — http://www.coindesk.com/
The Crypto Crimson — http://cryptocrimson.com/

Probably Trustworthy - (marks sponsored articles)
CryptoCoinsNews — http://www.cryptocoinsnews.com/

Untrustworthy -
99bitcoins.com — http://99bitcoins.com/
CryptoArticles — http://www.cryptoarticles.com/
The Bitcoin News — http://TheBitcoinNews.co.uk
Crypto Articles — http://www.CryptoArticles.com
Bitcoin Views — http://BitcoinViews.com
Crypto Biz Magazine — http://CryptoBizMagazine.com
Coin Speaker — http://www.CoinSpeaker.com
Bitcoin Warrior — http://BitcoinWarrior.net
Bitcoinist — http://Bitcoinist.net
Coin Report — http://CoinReport.net

Full article @ Bitcoin News Sites & Dishonesty - The Chris Hansen Style Sting https://medium.com/@TomOnBTC/bitcoin-news-sites-dishonesty-29fee9d6e367

phzi

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Activity: 700

Merit: 500

Quote from: defier on July 13, 2014, 09:46:22 PM

And the BTC fork for that 184 million exploited coins was for development? Yes I know you previously try to explain how that wasn't the same. Facts are, someone illicitly grabbed a bunch of coins, and the community reacted to negate it. No two scenarios are the same and must be resolved differently.

Nobody grabbed illicit coins... someone exploited a flaw to generate more coins then they should while mining a block. It was a protocol level flaw in bitcoin that was fixed. Yes, that was a development mistake, and a hardfork was necessary (the fix made the new blockchain incompatible with the old blockchain, and that 184million coin block was orphaned as a result). The VRC action is totally different. VRC IS NOT SUGGESTING A HARDFORK - the devs aren't fixing anything. They are acting for benefit of an exchange and third party to the protocol.

Rolling-back a blockchain is unbelievably contrary to a decentralized ledger. That, is the key.

Quote

A bookkeeper who "fudges" the books, has no place being trusted to keep the public ledger. Pressure is moot.

buy4crypto

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Activity: 434

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freecrypto.top

Quote from: Fippy on July 13, 2014, 09:46:46 PM

The future of crypto is not in the people that currently hold it. It's in the ones who will come and make it mainstream.

They will not see this as a taint upon the coin, but rather a disaster averted where other coins, including Bitcoin itself, left it's holders high and dry in the face of such odds.

This is the day that cryptocurrency starts to look 'safe' in the eyes of the masses. And it is the opinion of the masses yet to come, not the fudsters and 'purists' in this thread, that will be the driving force in the months and years to come.

You have witnessed something special today folks, mark my words.

And to the devs, congrats on a job well done.

I am with you. Just a few more minutes, and once everything is smooth for a couple hours I am going to copy / paste a nice essay to as many news stations, bloggers as it takes to get this viral, I promise.

This is the day crypto will get more people who think its safe now, from the wild wild west of bitcoin where thieves win. NOT ANYMORE.

eiskalt

sr. member

Activity: 336

Merit: 250

Quote from: phzi on July 13, 2014, 09:38:48 PM

Quote from: eiskalt on July 13, 2014, 09:33:33 PM

Then go and learn and read my and other´s previous posts. I am tired to repeat myself over and over again.

And I am annoyed to see people using buzzwords to distract readers. Maybe you should better try this centralization thing again.

What buzzwords? It's a blockchain rollback. It is not a hardfork... I don't think anybody except you is trying to distract users.

A hardfork is when you create a branch of the network that is not compatible with the other branch - that's not happening here.

VRC is proposing to roll back the blockchain and create a soft-fork starting at a previous block height. The intent is then to essentially 51% attack the coin so that the rollback branch becomes a longer chain, therefore orphaning all the original blocks.

Having scrolled through your post history, I see nothing I can possibly learn from you.

Quote

Do this fork, and you have successfully 51% double spent your own network.

Try harder, every hardfork can be described as a 51% attack on the competing chain. But only someone who wants to distract people will describe it the way you do it.

And now you are speaking of a softfork?

Don´t know what your quote is all about

tigerwood0432

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Activity: 493

Merit: 504

Quote from: buy4crypto on July 13, 2014, 09:38:51 PM

Quote from: RW-Stott on July 13, 2014, 09:31:21 PM

Quote from: Liquid71 on July 13, 2014, 07:50:58 PM

I'm sorry to the guys who lost coins, but you lost them because of Mintpal and they should reimburse you not the entire blockchain being forked. If Mintpal can't pay then the community shouldn't have trusted so many coins with one exchange. Isn't this a decentralized crypto coin? You can't become centralized when it's convenient to bail out an exchange because it's convenient.

Why not be Visa coin and allow chargebacks, and while you're at it have a Vericoin bank and offer Verinsurance

This coin is forever tainted, and this is a sad day for all alt coins. Mintpal is NOT too big to fail. Maybe we should fork the Bitcoin blockchain to bail out Mt. Gox and Mark Karplees Undecided

+1, sad but true.

The point is theft could be prevented and was. If I told you there was a better way then letting someone steal confidence from the whole crypto system would you believe it?

It was done. The money will be returned and no thieves will be able to steal money from hundreds of individuals crypto accounts.

Its a matter of time before news picks up that a new crypto currency PREVENTED fraud and returned money to hundreds, if not thousands of investors with NO LOSS. and within 1 day? WHAT? I can't believe it! Oh, yeah I can, its Bitcoin? Wait, NOOOO its that new kid VERICOIN!!!

+1 vericoin attack will go viral = already spread on twitter + facebbok = no one can ignore vrc now . + tomorow all medias worldwide will relay the infos . TV , radio , newspaper , business magazines ...........etc VRC will be the new BTC

So happy

Fippy

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Activity: 252

Merit: 100

UNCLOAK™ - Cyber Threat Detection Powered by EOS™

The future of crypto is not in the people that currently hold it. It's in the ones who will come and make it mainstream.

They will not see this as a taint upon the coin, but rather a disaster averted where other coins, including Bitcoin itself, left it's holders high and dry in the face of such odds.

This is the day that cryptocurrency starts to look 'safe' in the eyes of the masses. And it is the opinion of the masses yet to come, not the fudsters and 'purists' in this thread, that will be the driving force in the months and years to come.

You have witnessed something special today folks, mark my words.

And to the devs, congrats on a job well done.

defier

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Activity: 197

Merit: 100

Quote from: phzi on July 13, 2014, 08:48:32 PM

Quote from: ofp on July 13, 2014, 08:43:55 PM

In your logic there should be no hardfork ever, because it is always a bailout.

If bitcoin hardforks for whatever reason, they do it to protect their coin. It is a centralized decision and they are bailing out themselves. If they would not hardfork, the coin would die. You are advocating this, so please demand it from the BTC-DEVs and the foundation.

You have a horrid sense of logic or understanding of crypto if that was your conclusion. Hardforks are perfectly valid, specifically when a coin is developing - for security reason, or feature development. But they should be very very carefully considered.

The key is that this VRC move isn't a hardfork, it is a blockchain rollback for external purposes that are totally unrelated to coin development.

And the BTC fork for that 184 million exploited coins was for development? Yes I know you previously try to explain how that wasn't the same. Facts are, someone illicitly grabbed a bunch of coins, and the community reacted to negate it. No two scenarios are the same and must be resolved differently.

Mr. Strawman, I hope you're not one of the thieves. Butthurt because the community isn't going to let you become a millionaire and destroy the coin at the same time? There's very little doubt the thieves, are here watching. And I imagine their posts sound exactly like yours.
Regardless we will see if the fork really spells doom for vrc or crypto like you say. Then everyone can join together and sing, Bye Bye, Miss American Pie.

I do own a few hundred vrc. But its meh to me if I lost it. This is a warning call for POS and especially Mintpal security(lucky bastiges). But I'm enjoying, to the point of being giddy, that the crime was thwarted. If this fork didn't work, I'd prefer they drop and delist the coin everywhere. Rather than give the scumbags 1 satoshi.

"Hope and Change" The infomercial slogan, that fooled a nation... Twice

phzi

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Activity: 700

Merit: 500

Quote from: GridWorker on July 13, 2014, 09:44:23 PM

Quote from: phzi on July 13, 2014, 09:38:48 PM

The intent is then to essentially 51% attack the coin so that the rollback branch becomes a longer chain, therefore orphaning all the original blocks.

Quote

A hardfork is when you create a branch of the network that is not compatible with the other branch - that's not happening here.

So you are saying that they are NOT creating a branch of network that is incompatible with the other branch?

Dafuq?

Correct - they are NOT creating a branch that is incompatible. It's fully compatible on a protocol level. There is no hard-fork. They are rolling back the blockchain.

Quote from: smoothie on July 13, 2014, 09:45:24 PM

Quote from: pnosker on July 13, 2014, 10:36:30 AM

VeriCoin will hard fork to a checkpoint a few hours ago just before the attack on MintPal. MintPal has agreed to cover losses relating to the hack.

VeriCoin is fine, there are no vulnerabilities. We had to decide between hard forking prior to the attack or letting MintPal fall and the thief keeping the 8 million VRC that was stolen. We chose the option that we thought would be best for the coin.

We will be releasing a new wallet with a fix shortly.

If they are going to cover losses related to the hack why would Vericoin need to hard fork?

The hard fork you mentioned is a huge mistake. I, as a user, would never use Vericoin again because what is to stop the devs from doing this again in the future especially if someone sent coins from one party to another...that were supposedly irreversible? You have a big fucking problem on your hands.

I suggest you stay out of it and let everything play as it lay. Don't interject yourself into trying to fix a negligence on an exchange's part as now you would look scammy as well.

EXACTLY.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: pnosker on July 13, 2014, 10:36:30 AM

VeriCoin will hard fork to a checkpoint a few hours ago just before the attack on MintPal. MintPal has agreed to cover losses relating to the hack.

VeriCoin is fine, there are no vulnerabilities. We had to decide between hard forking prior to the attack or letting MintPal fall and the thief keeping the 8 million VRC that was stolen. We chose the option that we thought would be best for the coin.

We will be releasing a new wallet with a fix shortly.

If they are going to cover losses related to the hack why would Vericoin need to hard fork?

The hard fork you mentioned is a huge mistake. I, as a user, would never use Vericoin again because what is to stop the devs from doing this again in the future especially if someone sent coins from one party to another...that were supposedly irreversible? You have a big fucking problem on your hands.

I suggest you stay out of it and let everything play as it lay. Don't interject yourself into trying to fix a negligence on an exchange's part as now you would look scammy as well.

GridWorker

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Quote from: phzi on July 13, 2014, 09:38:48 PM

The intent is then to essentially 51% attack the coin so that the rollback branch becomes a longer chain, therefore orphaning all the original blocks.

Quote

A hardfork is when you create a branch of the network that is not compatible with the other branch - that's not happening here.

So you are saying that they are NOT creating a branch of network that is incompatible with the other branch?

Dafuq?

buy4crypto

sr. member

Activity: 434

Merit: 250

freecrypto.top

As soon as this story has a outcome that we can report on. You better believe I am going to every financial channel, and blogger I can find OUTSIDE crypto and going to talk ears off till people put this on the front page, believe it.

I have lots of valuable VeriCoin domains and few coins now, I will fight for this community as it has way to many people from the top down to the people taking in faucets that deserve it. Most coins would have been abandoned and Fudded out. You can Fud us, but you won't break us.

I love everyone involved in VeriCoin, even more today. Think, what doesn't break a good community, it brings them together, Maybe I am alone, but honestly, I am 100% commited to vericoin now, I was maybe 98% before today. Not anymore. All in.

buy4crypto

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Activity: 434

Merit: 250

freecrypto.top

Quote from: RW-Stott on July 13, 2014, 09:31:21 PM

Quote from: Liquid71 on July 13, 2014, 07:50:58 PM

I'm sorry to the guys who lost coins, but you lost them because of Mintpal and they should reimburse you not the entire blockchain being forked. If Mintpal can't pay then the community shouldn't have trusted so many coins with one exchange. Isn't this a decentralized crypto coin? You can't become centralized when it's convenient to bail out an exchange because it's convenient.

Why not be Visa coin and allow chargebacks, and while you're at it have a Vericoin bank and offer Verinsurance

This coin is forever tainted, and this is a sad day for all alt coins. Mintpal is NOT too big to fail. Maybe we should fork the Bitcoin blockchain to bail out Mt. Gox and Mark Karplees Undecided

+1, sad but true.

The point is theft could be prevented and was. If I told you there was a better way then letting someone steal confidence from the whole crypto system would you believe it?

It was done. The money will be returned and no thieves will be able to steal money from hundreds of individuals crypto accounts.

Its a matter of time before news picks up that a new crypto currency PREVENTED fraud and returned money to hundreds, if not thousands of investors with NO LOSS. and within 1 day? WHAT? I can't believe it! Oh, yeah I can, its Bitcoin? Wait, NOOOO its that new kid VERICOIN!!!

phzi

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Activity: 700

Merit: 500

Quote from: eiskalt on July 13, 2014, 09:33:33 PM

Then go and learn and read my and other´s previous posts. I am tired to repeat myself over and over again.

And I am annoyed to see people using buzzwords to distract readers. Maybe you should better try this centralization thing again.

What buzzwords? It's a blockchain rollback. It is not a hardfork... I don't think anybody except you is trying to distract users.

A hardfork is when you create a branch of the network that is not compatible with the other branch - that's not happening here.

VRC is proposing to roll back the blockchain and create a soft-fork starting at a previous block height. The intent is then to essentially 51% attack the coin so that the rollback branch becomes a longer chain, therefore orphaning all the original blocks.

Having scrolled through your post history, I see nothing I can possibly learn from you.

Quote

Do this fork, and you have successfully 51% double spent your own network.

Shill

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Activity: 57

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Quote from: GridWorker on July 13, 2014, 09:30:34 PM

Quote from: javajeve on July 13, 2014, 08:55:27 PM

VERICOIN IS NOW CALLED LOSERCOIN .......LOSERS

I think you have to be 10 years or older to be on this forum. Cheesy

lol. +1

I think even at 10 I would have been to embarrassed to make a joke like this.

Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 554. (Read 1356163 times)