Post
Topic
Board Altcoin Discussion
Re: Mintpal hacked (VeriCoin)
by
blade87
on 13/07/2014, 17:35:22 UTC
Quote
1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork.

This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens.

Proves that VRC is completely centralized crypto.

Proves you are a troll.

IT WAS AN EXCAHNGE ISSUE,  

Such a troll, BC will have the same issue, as it did in the past. Did the other communities help you or troll you like you do?
So awesome of you, such a COMMUNITY oriented person

For the good of crypto you do everything right?

What a Joke.

What VRC is doing sets a terrible precedent. In fact, it is to the point where crypto loses its purpose. So not only are all of VRC's services centralized, but the coin supply and now entire blockchain is controlled by a central authority. It is no different than the real world.

You think the VRC whales care about the small holders? Between MP and the whales, this a $1.5-2 million loss without rollback. That would mean MP goes down and the whales go broke (actually, just the VRC whales go broke because MP can continue onward without much loss if they point blame to VRC, but I'm sure they'd receive some death threats from VRC whales even if it were VRC's fault). So again, do the whales care about the small holder. Big LOL if you think they do. If this coin wasn't so centralized in every way possible (including coin supply itself) this would not have happened.

But do go ahead and continue to support, since you, as a larger holder, have no choice but to. But you knew what you were getting into all along anyway so I won't say I feel sorry for you. I just hope your actions, along with a few others, do not "change the rules of crypto." Too bad Mt. Gox couldn't have had the same done right?

But do try and refute this. I look forward to the response. And feel free to call me a BC troll while I own BC, BTC, DOGE, DRK, LTC, NXT, PPC, PTS, VTC, XMR, and XC.