Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
by
phzi
on 14/07/2014, 05:06:06 UTC
This is a very good point indeed and the risk will only disappear if and when more people will stake the coins in their own wallet. This is exactly what we heard from devs tonight.
Yet this will never happen, because the devs have made it clear that MintPal's mistake is perfectly fine.


Thanks for hanging in there with us through this, quite a day.  We successfully thwarted the theft of coins and prevented an attack on the blockchain.  Go here to download the new wallet:
What a complete load of crap - is everyone else reading this complete bullshit?  "prevented an attack on the blockchain"... wow... just wow.

YOU have facilitated an attack on the blockchain!  YOU are altering the ledger.  YOU are being deceptive and dishonest.  2 wrongs don't make a right, as they say, and you're as much in the wrong as whoever exploited mintpal (if anyone even did exploit mintpal... who knows - maybe mintpal just lost their private keys!).

That's actually a solid possibility here, considering the coins haven't moved since they were apparently withdrawn.  What do you want to bet MintPal screwed up themselves and sent their coins to addresses that they lost the private keys to?  Would make more sense then them being stupid enough to have that many coins in a hot wallet.

Finally some OFFICIAL statements from MP concerning our VRC (for those who had VRC in Mintpal)

Quote
"What will happen to my VRC?
The VeriCoin that you hold on the MintPal exchange will be unaffected thanks to the VeriCoin developers. As we previously announced, the VRC developers have worked tirelessly to perform something never before done by a cryptocurrency and rollback the blockchain in order to reverse the two malicious transactions. This was not done out of a desire to save MintPal, but rather a desire to save your coins. Once the updated wallet has been distributed and the new fork is active we will re-open our VRC wallet to facilitate withdrawals.

How can I get my VRC?
As soon as we re-open our wallet your VRC balances will be available for withdraw. All market orders on the VRC/BTC market have been cancelled. We will be manually processing withdrawals to ensure the process works as expected."

More at: https://support.mintpal.com/index.php?module=announce&sec=view&id=18
Glad to see they are saying "Rollback the blockchain" - whoever was shouting at me before for making clear that this isn't a hardfork, it's a rollback, can go eat their hat.