Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | POS-NSDI | VeriBit | VeriSend | VeriSMS | SuperNET Core
by
yoshiwatusi
on 31/10/2014, 15:29:45 UTC


If we saved anybody, it was MintPal (Jay and Jason), not Moolah. Nobody knew that Moolah was scamming anyone. I personally lost 6 figures of money from my investment back in February. Moolah got MintPal's 4M VRC cold storage wallet.

I do not understand why is this the first time the community has been made aware of this missing 4million vrc. Or why the devs would be letting him dump them on the market let alone be lining up buyers for him to dump the 4 million to? Is this the seller you had mentioned that had plenty more still to sell VeriViral?

This is now one more huge issue this coin has to deal with.

The FinCen rulings and what vericoins plans about veribits compliance with regulations that was the giant elephant in the room just became a baby elephant compared to this news about 4million vrc being stolen that was just casually mentioned here.

And one more reason why we should have/should now welcome regulation with open arms.

People knew which wallet was MintPal's-- it was listed on the block explorer. I'm not sure how we stop someone from dumping a large amount of coin on the market. This is not the seller I was trying to pair with VeriViral.

Most importantly, there's no proof that the 4M is being dumped or was dumped or will be dumped. All that we know is that MintPal said they lost all their cold wallets. And we know Moolah has them.

I have messaged you on Skype, but have not received a response. I am now posting here to clear up some of the confusion you appear to be having.

1. 0.4M VRC was used to refill the VRC hot wallet on MintPal V1.
2. Roughly 1M VRC was withdrawn when MintPal V2 was live and running.
3. Roughly 1.8M VRC has been refunded since MintPal V2 was shut down.
4. We currently hold roughly 0.7M VRC after all of the above has been deducted.
5. 0.2M VRC is currently pending withdrawal, and will be processed over the next few days (along with our other continuing withdrawals).

So, where are the other 0.5M coins? still able to withdraw? Or in the wallets Ryan controls.
Please be specific how many coins (VRC) are subject to the possible theft of Ryan and possible can be dumped.

then who is suppressing and pushing VRC down? a competitor coin?