People are getting caught up, Is it Mintpal's fault, Is it vericoin's Fault. Has anyone with common sense aside from me thought. Hey its the HACKERS fault?
If we hope to take this mainstream, here is mainstream rational. Goes something like this. In the real world. A bank leaves its doors open to the public like an exchange.
A robber in the case of the bank, or hacker in case of an exchange, penetrates security, with a gun, or in the case of mintpals claim, a SQL injection. As the thief is getting the money the bank is able to sound the alarm to its security team. As the criminal is loading up his money and about to leave with everything security arrives and detains the man (VeriCoin) Now, regardless of your personal beleif. What would society expect to have done? A sensable approach taken by society is to punish the criminal, and return the money to the bank and all of its holders. And at the end of the day (that was for you Doug), who would you say is to blame for this incident?
A. It is the banks fault? for leaving its doors open to the public? (Mintpal)
B. Is it securities fault for detaining the criminal? (vericoin)
C. Is it the criminals fault? For commiting the crime?
The easy answer is C. But when it comes to crypto. We are debating between A and B, so far, the hacker has had no debate about how we can better catch these criminals. Its something to think about. If crypto is to go mainstream, we have to THINK mainstream.
Thats because the people who are used to manipulating, scamming & conning people in the 'crypto wild wild west' as they SO often like to say, LOSE their centralized power when something is done about a massive criminal act that had the potential to only be beneficial to the thiefs . They get scared, because their 'master plans' and schemes may not work any more.. or are at risk. Then they try to toss fear with lines like ' This is not the satoshi way' like he , was some sort of rule creator, and we must do exactly what he thought & envisioned to every letter. It's about time ethics are brought into crypto. The worst excuse I have ever seen is all the wild wild west comments. People like that , that live that mindset only have one thing in mind. Lets not put BTC on some pedestal that so many put it on, it was the 1st, thats why its fiat value is so high, it has major issues & limitations that are fairly obvious to many.
Well said. BTC will be replaced as the leader sooner than I had expected a week ago. I am more confident than ever. If not VeriCoin, someone else who is willing to walk in these exact same shoes. Been a long time coming.