Quote from: Bluestreet on July 15, 2014, 04:32:57 AM

Quote from: CryptsyJim on July 15, 2014, 04:22:53 AM

Quote from: Spoetnik on July 13, 2014, 09:22:57 PM

Quote from: haploid23 on July 13, 2014, 04:24:16 PM

Quote

1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork.

This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens.

agreed and this reminds me of the BTER / NXT hack other day and the JPC / Allcrypt hack the other month.

on one hand i think we gotta play by the rules.. bear with me on this lol

Ok so we have a lawless market right ?
Then in all fairness it's to the exchanges to run their business how they see fit period.
BUT
I don't like what these guys are doing..
I myself think if they stole the coins then oh well they are stolen and that is the end of it.
Hard forking a coin or other dumb measures is undermining Crypto bit by bit.

a lot of negative precedents are being set more frequently and unless Regulation is put in place and fast i am getting out of this shit scam pit of bullshit scene.

edit:
This shit is getting out of hand..
It also reminds me of Cryptsy getting hacked for Points couple weeks back..
A guy exploited the exchange and dumped Cryptsy "Points" down to about 4 sat's
The exchange rolled it back but guys got fucked over because they sold other coins to buy up cheap points..
so Cryptsy rolled back the changes on points leaving anyone that dumped their coins earlier kinda fucked over.. as i was told by users who did this.
AND the guy who hacked it popped up after a week and i had a little chat with him and turns out he robbed the place for a bit more than 89k usd after cashing out.
He was laughing his ass off asking me directly what he should spend it on.

Crypsty was not hacked, and no funds were removed from site. We did have a bug that was exploited in the points market, but it was quickly found and corrected. No funds were removed.

There are 2 new alt coins that are really trying to be real, NOBL and Guldencoin - NLG. It's the only 2 coins besides btc I trust right now.

Exchanges so far bittrex has impressed me a lot, I probably would use Cryptsy if they added a Guldencoin - USD pairing in the future.

The truth is when it comes to exchanges they add the coins who are backed by the richest scammers and coins where price is easily manipulated. AKA PoS coins with 5 million and under supply.

Cryptsy would still need to add Guldencoin to there exchange for NLG/USD pairing. I agree though it's one of the hidden gems amongst the cesspit called the altcoin market. Adding coins like guildencoin gives legitimacy to this environment.