the Veil Project Mining- Privacy without Compromise

stomachgrowls

hero member

Activity: 3010

Merit: 794

Quote from: Darkoth89 on August 22, 2019, 02:13:46 PM

Quote from: lunobird on August 22, 2019, 02:03:22 PM

This is such an embarrassment. An exploit found in the zero coin protocol. And Veil devs did not take this seriously enough and gambles with it hoping they won't use this exploit on Veil. Well it happened and Veil money got printed out of thin air.

If an exploit is found where someone can print out money the devs need to get off their asses and make sure to do everything they can to stop it by forking etc.

The devs didn't do enough here and it's quite a shame. Won't touch this coin with a 10 feet pole since someone has a lot of free veil that they can dump on the markets. I don't think the burn rate will be quick enough and this project will have bearish price pressure for years. I'm surpised the coin hasn't dumped yet. I guess they are waiting for an exchange with liquidity to dump years later.

Wasn't really following everything around the project too closely after I had their Signature for a few weeks. What excatly happened and is it know how many Veil has been generated because of this exploit?

A nice read up about that Veil zero coin exploit: https://veil-project.com/news/2019-08-exploit/
I didnt able to read up this news and this is my first time when i searched yet this one doesnt buzz out into the community.
Exploits like this do mostly happen on this cryptospace.

jasta more

member

Activity: 224

Merit: 18

6 mill were stolen

Darkoth89

hero member

Activity: 1274

Merit: 646

Quote from: lunobird on August 22, 2019, 02:03:22 PM

This is such an embarrassment. An exploit found in the zero coin protocol. And Veil devs did not take this seriously enough and gambles with it hoping they won't use this exploit on Veil. Well it happened and Veil money got printed out of thin air.

If an exploit is found where someone can print out money the devs need to get off their asses and make sure to do everything they can to stop it by forking etc.

The devs didn't do enough here and it's quite a shame. Won't touch this coin with a 10 feet pole since someone has a lot of free veil that they can dump on the markets. I don't think the burn rate will be quick enough and this project will have bearish price pressure for years. I'm surpised the coin hasn't dumped yet. I guess they are waiting for an exchange with liquidity to dump years later.

Wasn't really following everything around the project too closely after I had their Signature for a few weeks. What excatly happened and is it know how many Veil has been generated because of this exploit?

lunobird

full member

Activity: 846

Merit: 115

This is such an embarrassment. An exploit found in the zero coin protocol. And Veil devs did not take this seriously enough and gambles with it hoping they won't use this exploit on Veil. Well it happened and Veil money got printed out of thin air.

If an exploit is found where someone can print out money the devs need to get off their asses and make sure to do everything they can to stop it by forking etc.

The devs didn't do enough here and it's quite a shame. Won't touch this coin with a 10 feet pole since someone has a lot of free veil that they can dump on the markets. I don't think the burn rate will be quick enough and this project will have bearish price pressure for years. I'm surpised the coin hasn't dumped yet. I guess they are waiting for an exchange with liquidity to dump years later.

superstarbtc

jr. member

Activity: 378

Merit: 3

Quote from: r32godzilla on June 17, 2019, 03:49:36 PM

Quote from: basicnecromancycr on June 16, 2019, 11:13:24 PM

The public interest for Veil is getting more and more day by day. It is logical to dig Veil as I get it.

Mainly because they are being listed on good exchanges, volume is raising and in conjunction with good marketing, we finally see results Cool

.

It is very good to list the Veil coin in good exchanges and the volume will automatically increase if they manage to list on multiple exchanges. Now slowly the market is recovering which there are good chances for the Veil coin to increase its price to further level in the market.

r32godzilla

hero member

Activity: 1361

Merit: 506

Quote from: basicnecromancycr on June 16, 2019, 11:13:24 PM

The public interest for Veil is getting more and more day by day. It is logical to dig Veil as I get it.

Mainly because they are being listed on good exchanges, volume is raising and in conjunction with good marketing, we finally see results Cool

.

superstarbtc

jr. member

Activity: 378

Merit: 3

Quote from: basicnecromancycr on June 16, 2019, 11:13:24 PM

The public interest for Veil is getting more and more day by day. It is logical to dig Veil as I get it.

It is because the way the team doing background developments will easily help the coin to increase its demand, you can absorb limited supply will always help the coin to increase demand in the market. Due to market fluctuation, the price of coin decreased slightly but once the market starts recovering there is a huge increase in the price for sure.

basicnecromancycr

member

Activity: 350

Merit: 12

The public interest for Veil is getting more and more day by day. It is logical to dig Veil as I get it.

Viceroy

hero member

Activity: 924

Merit: 501

Here and there I see news about Veil and that many people foresee its success and further growth. Developers put their best in this project, I suppose. I see that some complain about wallet synchronization troubles, and I guess that it has been mentioned before that it is caused because of the database size. So no worries here, just a little bit of patience.

Pagri

jr. member

Activity: 112

Merit: 2

It is noteworthy that despite the great volatility that has been observed in the crypto market, the price of Veil has remained very stable throughout the month of June. Well, what else would I like to see again the prices reached in the fourth week of April, but the simple fact that it has been possible to stop the fall this could be the preamble of a gradual recovery, something very good in view of the notable fall experienced by the most of altcoins before the imposing advance of bitcoin.

Christinebeauty

copper member

Activity: 420

Merit: 2

This Veil project is one of the revolutionary privacy coins in the crypto space. The combination of both the proof of work and the proof of stake gives it this unique feature and makes it lucrative to mine. Thanks for sharing with us.

CinErik

member

Activity: 189

Merit: 86

Quote from: kronos123 on June 14, 2019, 11:59:20 AM

I want to remind all users that if you don't trade, daily or weekly, or staking, you don't need to synchronize your wallet, download the whole chain, make instantaneous pictures, or anything!

Do you believe in the Veil project, in the team and in the roadmap?
Did you buy your veils in the exchange? Well, keep them in your wallet; SAVE EXTREME CAUTION AND MAKE MORE BACK UP your wallet.dat and sleep peacefully!

You can always check the status of your wallet and your Veil by turning on with your address in the Veil explorer Wink

Hi;

Incomplete!

Veil is a POW/POS coin. So if you don't leave online your wallet in staking mode, you will not receive your staking reward. Of Course if you have enough Veil coin in your wallet.

Kind regards

Wayan_Pedjeng

sr. member

Activity: 913

Merit: 252

As pointed out by studio1one, the size of the Blockchain is increasing extremely fast. After roughly 3 months of creation, we have a 15 GB blockchain. In that case what will be the case after two or three years? Syncing 2-3 times a day is very inconvenient for me, as I have a full time job where I need to work for around 10 hours. The time window that I have for doing some crypto-activity is around 2 hours, from 8pm to 10pm every day.

studio1one

hero member

Activity: 1218

Merit: 500

BintexFutures

Quote from: Wayan_Pedjeng on June 15, 2019, 01:06:13 AM

I had installed the Veil desktop wallet almost two months back (version 1.0.3.0). And these are the issues that I am facing now:

1. Everyday, the wallet sync takes somewhere between 30 minutes and 1 hour, and along with that it consumes a lot of data.
2. Sometimes it crashes during the sync, and when I restart it sync starts from the previous point.
3. The snapshots are not automatically downloaded or created.

Size of the blockchain is increasing extremely fast so consider syncing your wallets multiple times in a day.
My wallet never crashed what was the error you were getting when wallet crashed?
No the snapshots are controlled by the team they release a new one every day (I think).

superstarbtc

jr. member

Activity: 378

Merit: 3

Quote from: viljy on June 15, 2019, 02:04:55 AM

Quote from: Wayan_Pedjeng on June 15, 2019, 01:06:13 AM

I had installed the Veil desktop wallet almost two months back (version 1.0.3.0). And these are the issues that I am facing now:

1. Everyday, the wallet sync takes somewhere between 30 minutes and 1 hour, and along with that it consumes a lot of data.
2. Sometimes it crashes during the sync, and when I restart it sync starts from the previous point.
3. The snapshots are not automatically downloaded or created.

If there are problems with the synchronization, you should synchronize the wallet twice a day.

Yes, if we are facing problems with the synchronization, we need to sync the wallet twice a day but in order to get the staking reward, you need to open your wallet active 24/7 in order to mature the coins.

viljy

hero member

Activity: 1736

Merit: 857

Quote from: Wayan_Pedjeng on June 15, 2019, 01:06:13 AM

I had installed the Veil desktop wallet almost two months back (version 1.0.3.0). And these are the issues that I am facing now:

1. Everyday, the wallet sync takes somewhere between 30 minutes and 1 hour, and along with that it consumes a lot of data.
2. Sometimes it crashes during the sync, and when I restart it sync starts from the previous point.
3. The snapshots are not automatically downloaded or created.

If there are problems with the synchronization, you should synchronize the wallet twice a day.

Dr.Osh

legendary

Activity: 2758

Merit: 1004

Buzz App - Spin wheel, farm rewards

Quote from: Wayan_Pedjeng on June 15, 2019, 01:06:13 AM

I had installed the Veil desktop wallet almost two months back (version 1.0.3.0). And these are the issues that I am facing now:

1. Everyday, the wallet sync takes somewhere between 30 minutes and 1 hour, and along with that it consumes a lot of data.
2. Sometimes it crashes during the sync, and when I restart it sync starts from the previous point.
3. The snapshots are not automatically downloaded or created.

I also questioned this on the telegram. they say that you only need to download the snapshot and do the steps they have provided. at this time, I am also still downloading snapshots provided, and it has a size of 11 GB. You can see the procedure here

https://veil.tools/docs/snapshots.html
and
https://veil.freshdesk.com/support/solutions/articles/43000478708-how-to-use-a-snapshot

Wayan_Pedjeng

sr. member

Activity: 913

Merit: 252

I had installed the Veil desktop wallet almost two months back (version 1.0.3.0). And these are the issues that I am facing now:

1. Everyday, the wallet sync takes somewhere between 30 minutes and 1 hour, and along with that it consumes a lot of data.
2. Sometimes it crashes during the sync, and when I restart it sync starts from the previous point.
3. The snapshots are not automatically downloaded or created.

studio1one

hero member

Activity: 1218

Merit: 500

BintexFutures

Quote from: superstarbtc on June 14, 2019, 11:36:35 AM

Maybe they are facing some issues with the wallets, but with the snapshot, the wallets are syncing fully but people are still complaining about there problem. My question is whether we will get staking rewards even though the wallet is not synced completely?

Not 100% sure but I think if your coin reached the maturity age and you are running wallet 24/7 then you should receive the stakes once you are fully synced to the network.

kronos123

sr. member

Activity: 1022

Merit: 391

I want to remind all users that if you don't trade, daily or weekly, or staking, you don't need to synchronize your wallet, download the whole chain, make instantaneous pictures, or anything!

Do you believe in the Veil project, in the team and in the roadmap?
Did you buy your veils in the exchange? Well, keep them in your wallet; SAVE EXTREME CAUTION AND MAKE MORE BACK UP your wallet.dat and sleep peacefully!

You can always check the status of your wallet and your Veil by turning on with your address in the Veil explorer Wink

Topic: the Veil Project Mining- Privacy without Compromise (Read 6090 times)