Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
by
buy4crypto
on 13/07/2014, 23:33:39 UTC

You are exposing the logic of a thieves´ mind here. By punishing victims and encouraging fraud we will get a better system? really?

And again, your usage of the word centralized is completely stupid. In that regard everything would be centralized. Maybe you have been exposed to to many buzzword feeds.

Centralization to me means the conglomeration of power into a single entity or geographic location.
In my opinion this applies to how trading in Vericoin was centered around Mintpal.
Hence centralization and a single point of failure.

The alternative being decentralization. The epitome of which: peer to peer trading and no middlemen or exchanges.

Thieves will always exploit exploitable systems.
If you protect exploitable systems you protect the thieves.

This makes no sense. How is this solution protecting thieves? they lost 2 million dollars in ill gotten gains, nothing about the thieves was protected, furthermore I hope they take action to prosecute the responsible party, or parties.