Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
by
Casu
on 14/07/2014, 09:31:48 UTC
used as much as Bitcoin for daily transactions

You realise that any daily transactions are part of this roll back? If any merchants were accepting VRC as payment, they now have to go to Mintpal to ask for compensation. Imagine if Visa charged back 4 hours worth of payments and then told merchants that in order to get their money back they had to file a claim with an unaffiliated bank that they had arbitrarily chosen to rescue. How does this inspire trust?

I think you'll find the number to be extemely low. Sunday.. using one of the altcoins.. how much sales volume you reckon?

Fuck all. Insignificant.. if there are any who got beef, it will be sorted.. security will be improved, lessons learned etc.

Devs and community acted in time to avert a catastrophe = Bullish.

I know the problem was with Mintpal, nobody else.. they will have to improve to win back trust and customers.. and we all move on.



That's not the point. I don't doubt that this has effected very few (if any) merchants this time. My point is that now it has happened once, how can anyone trust that it won't happen again? If I was a merchant there is no way that I would accept VRC as a form of payment after this.