Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
by
chunkyjunkie
on 13/07/2014, 22:49:31 UTC

It's pretty obvious at this point money cannot exist without some central trust.
Day in and day out watching crypto in it's current state it's pretty clear now.
Not ready for a trustless system.

If someone finds a better way... go invent it - be my guest.


Satoshi Nakamoto did thankfully.


Rollback will be the death of Vericoin.

Fork making the stolen coins disappear would be bad as well but better than a rollback.
If the aim is to stop the thief from profiting then that would work as well.

Rollback would be better for Mintpal.
In a fork I would expect them to work hard to pay for their security lapse and pay back their customers.

You still don't get or ignore the fact that 8 million coins staking would cause a 51% attack.  Are you thick?  There is no choice