Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 559. (Read 1356163 times)

Re-posted for truth.

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.
51% attack is BS excuse to fork the coin to bailout Mintpal and all the idiots who trade the coin instead of staking and securing the network.
http://youtu.be/TjL2AgCQDJ0


That video on Peercoin explains why a 51% attack will not happen so it's a bullshit excuse.

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

This coin is no longer crypto it's centralized fiat, 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  

The other option was for people had to learn a hard lesson from their mistakes, and mintpal to make it right.  Now, MintPal gets off almost scott free, and nobody learns anything.

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As for the idiots saying bitcoin has done this before - that's completely untrue.

The bitcoin community has twice previously encouraged miners to use a specific client to cause one fork to win out over another.  Neither of these cases had anything to do with stolen coins on an exchange, both forks had something directly to a fault in the bitcoin source code.  HUGE difference.  And, each time bitcoin did this, it was by consensus of the entire mining community...

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Proof of Share - aka, Proof of Nothing...

The solution rests on designing a system without possible points of failure like Mintpal.
Effectively they would be decentralized peer to peer.

Solution for Vericoin handling of Mintpal fiasco?
1. Do nothing. Let it play out and if it survives then it should survive.
2. Fork to make stolen coins disappear.
3. Go back in time to pre-theft.


This was discussed a few pages back.

At the moment it seems hacker will not gain anything from this.
If I was hacker I would destroy majority of the coins which would make a rollback more difficult to justify.


But like stated first: the solution is a better system.
This is why crypto in the first place.
Exchanges are legacy from a prior broken system.
What happened here today is leftovers from that system.
What we should aim for is a system not vulnerable to this.
If VRC is not that system or a part of that system and in fact helping to survival of the broken system by splinting it, then it is not the answer.

If I was VRC dev I would say:
Sorry people, we got forced into making a hard decision.
We promise we won't fork coin again for this reason so please don't leave your money on exchanges.
Put it in your wallet and stake. This way you support the network.
We are also working on a decentralized exchange system that will hopefully make Mintpal and its like obsolete and offer peer to peer exchange.

do nothing, require mintpal to pay as any other sane coin community would, realize pos is a flawed concept because right now the hacker controls over 50% of the network, dump all pos coins, live happily ever after.

I am now your biggest fan.

Solid gain across the board in web traffic today for my vericoin properties. On a day thats usually terrible (weekends are slow for crypto properties.)

I can't wait until it hits the media rounds. I guess they are right when they say any PR is good PR?


The search engine queries today are up significantly on my end. I hope a few of those will be new investors.

Please let's hear the solution from all the people complaining about a rollback.  Please solve everyone's problems.  If your reply amounts to "I don't know, but a rollback isn't the solution" then please STFU you have nothing to offer.

Do you even realize what the other options were???

You are so stupid you don't even deserve the opportunity to own a computer.

This is the vericoin community, we are trying to support our community in difficult times, Maybe your efforts would be better made in a thread dealing with exchange issues?

Im sure in another thread, far, far away from here you will find many like minds for you to talk about your ideas with.

Is this the effective way that will be used in the future as well then?
Regarding my rebellion against exchanges... you just saw an exchange put the whole of Vericoin in jeopardy.
You just saw them put the devs under a lot of unnecessary strain and create a lot of difficulty.
You just saw them force a very difficult decision.

Don't you think it would be more appropriate to join the rebellion rather than trying to shut me up or move me along?

A cover-up would mean, that the whole affair would have been dealt with in silence, without public knowledge.

The blockchain has been cleansed from crime, that is very different.

So all this discussion we're having right now: this is all confidential clandestine stuff, right?

No one except us will ever know about this, right?

You know, since that's what a cover-up is.

Oh crap, this is all totally public, isn't it?

I also run the only VRC faucet, created http://maps.vericoin.info , created the vericoin wikipedia page, added pages to the wikia, run the irc price bot, donated to the physical vericoin etc. etc etc.

But thanks for insulting me.

+1 I  couldn't have said it better my self

So has bitcoins blockchain.

Yet it has value, your point?

Bull.  The theft is no longer part of the permanent blockchain ledger.  It absolutely has been covered up.

Not really, the ratio of thieves is actually not that large.

It just seems large when they all converge on a thread at once.

The theft has not been covered up, it has been dealt with in the most effective way.
If you want to continue your rebellion against exchanges, please open a new thread, because it affects every coin and asset.

Question:
did you get Goxxed?
If you did... did it change how you use exchanges?

Can you see where I'm going with this.