Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
by
phzi
on 14/07/2014, 01:11:01 UTC
I'm sorry to the guys who lost coins, but you lost them because of Mintpal and they should reimburse you not the entire blockchain being forked. If Mintpal can't pay then the community shouldn't have trusted so many coins with one exchange. Isn't this a decentralized crypto coin? You can't become centralized when it's convenient to bail out an exchange because it's convenient.

Why not be Visa coin and allow chargebacks, and while you're at it have a Vericoin bank and offer Verinsurance

This coin is forever tainted, and this is a sad day for all alt coins. Mintpal is NOT too big to fail. Maybe we should fork the Bitcoin blockchain to bail out Mt. Gox and Mark Karplees  Undecided
Re-posted for truth.
centralized is someone with 8m vrc (1/3 of the supply)
Bullshit.  Centralization is the ability to control transactions across the network - revert them or otherwise affect them.

Someone owning a large portion of something is a majority share at best, it doesn't centralize control of the blockchain in any way.

Reverting the blockchain for an exchange IS centralization - centralization at the hands of the devs and an exchange.

The vericoin team has my support as one of the 70% not effected to remedy the situation to get everyones coins back. Even if it means short term loss of a few bucks. Nobody with VRC on the mintpal who had it stolen would be in good shape, the thief would get away with money.
MintPal should be reimbursing everyone for the lost funds - probably in BTC value.  Anything else is just evidence that the VRC blockchain cannot ever be trusted.

I won't trust Mintpal after this. Their rep is shot. Goodbye Mintpal from me and many others.
MintPal AND VRC are both very obviously not worth trusting anymore.