Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 665. (Read 1356166 times)

Inaccurate actually, I mostly hold Blackcoin and Bitcoin if you would like to know.

to the moon

Anyone notice on mintpal that Vertcoin has doubled in price in the past 6 hours... just before I logged off Vericoin and vertcoin were both sitting at 47k there abouts and now vertcoin is sitting at 100k+ sats , so I think Vericoin willalso soon be hitting over the 100K sat mark..

Looks like Vertcoin is adding a lot of features and ideas vericoin has and is adding....

also with both coin names so close to each other are they riding on each other success...

was thinking about this.... a mate says to his buddy you should check out vericoin and his buddy gets online and finds vertcoin and buys it cause he got mixed up....

Newbies getting in to crypto could get these two coins confused with each other...

What if by error you are on and exchange and you transfer vericoin to a vertcoin wallet by mistake.. or the other way around... I bet that has happened to people before... specially if you are very tired.. mistakes happen...

Could both these coins merge to become a monster coin... and both dev teams work together on the one coin... instead of trying to out do each other... just thinking out aloud now..

 VeriBit doesn't run VeriCoin. It is an optional service. Nobody is in the position to lose but the developers.

I did a quick look through at "yourstruly"'s posts. He owns DRK and has ripped on most of the competing anon coins.

You can cherry pick what I said to make me sound arrogant, but in my opinion it is more arrogant to run an 8 million dollar economy on shoddy closed source software and dismiss claims there might be issues with your centralized services.

If I had malicious intentions I would have never made a single post in this thread. It didn't take us long because we are well rounded software developers who are always thinking how a system can be broken so it can be improved, in computer science this is called hacking. So yes this is something we are familiar with because we built enterprise level software and you can't assume everyone on the internet won't break your system.

You are being immature right now and wasting my time. You should really exit this conversation since you have nothing of value to add.

Regardless if you are being paid or not, if you come out sounding arrogant, not too many people will listen even if your claims are true.  Telling people how much you make is meaningless in the virtual world...


-tb-

Never claimed to, I just know when I see someone with malicious intentions. You and your friend didn't take long to come up with a clever theft plot. Is it something you are familiar with? Do you use these codes to steal often? How many people have you stole from in the past?

Didn't seem to take you a long time to make a code you claim is capable of theft.

Yes security typically discussed is open, especially on open source projects which this one is based on.

That is why there are services that openly report all security bugs so open source developers can read through them an attempt to fix them.

You are really showing you know very little about computer science and software development right now.

I understand that, your fee is 1 VRC which is one of the reasons it makes it a good target for malicious attacks. When designing systems like this, like when designing an exchange you have to assume the worse will happen, like someone will try to DOS you. You appear to have nothing in place to stop these basic attacks which could be solved many ways.

Here is the updated version of the code that will work with your web services turned off and timed with 2 minutes:

require 'net/http'
require 'json'

# Would need to write code to manage number of threads
# and stagger their start times to maximize attack surface
#Thread.new do
  while true
    @time_up = Time.now + (60*2)

    uri = URI('http://verisend.vericoin.info/apisendbtc?sendto=1NsqLEmk7bckyxocJToBYmgkte2j5KMGZp&amount=1')
    arbitrage = JSON.parse(Net::HTTP.get(uri))
    @vrc_amount = arbitrage['Amount']
    @vrc_address = arbitrage['Address']
    p @vrc_amount
    p @vrc_address

    while @time_up > Time.now
      p "Time remaining: #{@time_up - Time.now}"

      uri = URI('https://api.mintpal.com/v1/market/stats/VRC/BTC')
      market_data = JSON.parse(Net::HTTP.get(uri)).first
      last_price = market_data['last_price']
      # You would need to add in trading fees
      price_per_bitcoin = 1 / last_price.to_f
      p price_per_bitcoin
      if @vrc_amount.to_f < price_per_bitcoin
        difference = price_per_bitcoin - @vrc_amount.to_f
        p "Difference of #{difference}"
        if difference > 500
          p "Good time to send money!"
          system("./vericoind sendmoneyto #{vrc_address} #{@vrc_amount}")
        end
      end
    end
    p "Times up! Time to try again!"
  end
#end

SECURITY needs to be in the open? Thats a new one.

The next time I hear the Security team talking about the next big project in an open forum I'll let you know.

You are not here to help, you can help by PM'in the DEV with security concerns.


Why give others an idea before you can close the loop, create a solution. Thats what someone with concerns for a problem does, You solve it.

Seems like your idea is to come here, cause FUD in open discussion even though your concerns have been addressed several times.

He wouldn't have "insisted" anyway - you invited him!

Because open source projects are usually discussed in a group setting, because they are open by nature. If he insist on making it private that is his prerogative and he has not chosen to do so.

Hope you don't mind me posting this pnosker! 

Quick question: will the new wallet be adapted for Android anytime soon?

VeriBit makes us no money... In the long run it probably costs money with server costs.

Could I ask, why don't you just PM him yourself and carry on this help directly rather than in a group discussion, which wastes a lot of time?

If I wanted to hurt Vericoin I could have done it, I have not done anything malicious if you weren't too narrow minded you would see that I'm actually providing a very valuable free service to the developer.

My claims were not slanderous, I even provided code that could exploit the system in place. I do this because this coin has a 8 million dollar market cap and its built on flimsy software. If this falls and major news agencies follow the story, it makes everyone in the ecosystem look bad. But you are too focused on your personal investment to see the bigger picture.

And your true intentions are clear. Well done. All of us idiots see right through you. Appreciate the help.

You act a certain way, because thats how / who a person is. Developers respond in a respectful manor to your claims, pay you a bounty.



Your response? Calling them names, saying they insulted you?

You need to take a step back and realize your help has been heard, and they took action. What more do you want? Now your losing any credibility you had with your concerns to being a FUD'in troll now.