bullshit
This is not even an option.
Blame Mintpal not Vericoin. Rollback is a must. If Vericoin doesn't rollback then it will be worth NOTHING. The coin will be DEAD.
There is a reason why Bitcoin transactions aren't arbitrarily reversed after thefts.
There shouldn't be a rollback. A hardfork to undo this is worse than the thief dumping the coins. Mintpal are just trying to erase their losses here.
Apples & oranges @ no time was almost 30% of ALL BTC stolen.
Firstly, it makes no difference just because it's a large number. Decentralisation and irreversibility are the two fundamental underpinning tenets of Bitcoin. I guarantee you, long term, Vericoin price will be hurt more by doing this rollback than just leaving it be. No new future investors will touch a coin that does something like this. Either way the price will be damaged by this, if some of you are naive enough to think a dirty rollback will "fix everything" and the price will carry on as normal, you are going to be in for a shock.
Secondly, there is not much of a difference between doing this once and doing it for every theft. It's a dangerous precedent.
You going to answer my questions or ignore them like EVERYONE ELSE who is FUDDING right now?
So to put things in perspective, you'd be okay with absolutely nothing being done about a simultaneous 33% acquisition of the bitcoin supply by a malicious thief along with 51% of the network hash by that same person?
You think it'd be a better precedent to allow a thief complete control over the network in the name of "fundamental underpinning tenets?"
Listen dumbass. In that situation a hacker isn't going to spend a week fucking around with the network and watching his $2million worth of of Vericoin become worthless as the price bombs on every exchange due to what he is doing. He will sell his Vericoin whilst they are still worth something.
How is the hacker going to sell when no exchange will reopen trading until the fork is complete?
Have you even read the conversation? We are talking about a no fork scenario here.
Yeah, the no-fork scenario that you're a proponent of, yet you're saying that if there wasn't a fork the hacker would dump on every exchange.
So... what the fuck are you talking about?
I'm assuming since you've realised the flaw in your original logic (namely, no hacker would sit around and control the network whilst their coins become worthless), you are now reverting to making nonsensical posts.
I've already explained what I am talking about, very clearly. Of course the hacker will dump his coins on the exchanges. Why is that a problem? Can you explain?
Uhh, because it would result in the needless destruction of an exchange and a currency and the enrichment of a thieving party for no reason other than the preservation of the blockchain, and forking would address that.
Where is the flaw in my logic?
And prove to me why it would destroy Mintpal and Vericoin. You cannot. If Vericoin plummets in price, which it would in this scenario, Mintpal can pay back the stolen Vericoin easily. And eventually Vericoin would find a new equilibrium price and recover.
What you do not like is the thief gaining from this and the price of Vericoin suffering.
So we're back to my original original question that you never answered:
So to put things in perspective, you'd be okay with absolutely nothing being done about a simultaneous 33% acquisition of the bitcoin supply by a malicious thief along with 51% of the network hash by that same person?
We are not "back" to your original question. Now that I have destroyed every woefully prepared argument you have put my way, which you conveniently ignore, you have fallen back onto something else.
If someone gained 51% of the network hash of the Bitcoin network, they can change the hash mechanism without violating decentralisation or irreversibility. And other such arguments.
Destroyed?
Your solution is to let a hacker dump 33% of the coin supply and see what happens.
I've already asked you to explain why that is a problem and I addressed your response as follows:
"And prove to me why it would destroy Mintpal and Vericoin. You cannot. If Vericoin plummets in price, which it would in this scenario, Mintpal can pay back the stolen Vericoin easily. And eventually Vericoin would find a new equilibrium price and recover.
What you do not like is the thief gaining from this and the price of Vericoin suffering."
I consider a discussion finished when the other party is going around in circles. Have a nice day.
