Post
Topic
Board Announcements (Altcoins)
Re: ✪✪✪ VIRTUAL COIN ✪✪✪ | VC |X11 | ATM |URGENT UPGRADE 11.3.2|RARE 3 MILLION COINS
by
e1ghtSpace
on 11/08/2014, 08:16:34 UTC

Can you please start trying to make the first coins unspendable?
You don't seem to care much about this. People think this coin is a scam and I am starting to as well.
You could at least tell us why it is taking so long. Do you have the coding skills to make the first coins unspendable?

Sorry about that little rant but we need to know before we start any development.

Work is still in progress.
changing amount  in existing blocks will invalid rest of the blockchain. It is not that simple. Moreover I am monitoring the blockchain, I have not seen a single coin been spend from those blocks, had this been pump & dump, it would have been dump the time it hit bittrex exchange. I have to assume those coins are lost, but will try to find safe way to do it without damaging the blockchain. You are more then welcome to code it & provide me a safer alternative, I will implement it.

You do not have to change their value, just make those blocks unspendable, much like the BTC genesis block is. Seems painfully obvious the "no pre-mine" is a lie and dev seems to be dragging heals over sorting out the issue. We can assume nothing dev. Those coins are out there somewhere. VC will die if you do not resolve it so the pre-mine will be worthless anyway.
The genesis block is spendable though. People think it isn't but it is. I know there is a way for you to obtain the private key but I'm not sure how.

From my understanding the first 50 BTC produced in the genesis block are not spendable. However the other UTxO sent to the same address are spendable. I believe that is where you may be getting confused.
https://bitcointalk.org/index.php?topic=189350.msg2038801#msg2038801
I think the coins get sent to an address but since no one has the private key for it you can't spend it.