Quote from: lazardinvestment on November 16, 2014, 10:36:48 AM

Thats correct.

Your Dev, believed that Iconic Expert was going to bring some 'serious investors' to Vericoin and along with lots of other BS IE speaks. Mr Nosker fell for it, hook line and sinker. And even gave thousands of coins to IE.

Now you had Mr Nosker even verify IE's scam coin, seriously, wake up people!

In Business when you are a honest and well respected person, you are not going to work with a 'company' that seeks the help of people who are dishonest, its as simple as that.

Also, the whole mintpal thing, rolling back vericoin, because of a 'hack' that is highly suspicious, to say the least.

Also, vericoin started with 26million coins. Now they have a extra 907k all from minting, do the math (i would say since it launched around 300k would be the max from minting, leaving a extra 600k minted from the hack)! You can clearly see there was a flaw in variable interest that allowed people to mint a 'insane' amount of coins extra per day.

Normal minting would produce say 3-10 coins, depending on your balance, these guys who found a way to hack this variable interest, were minting a extra 1,000 coins a day. I believe ioCoin and Arch coin always suffered from this hack, but when checking iocoin they have only a extra 134k (with about 40k from true minting) leaving around 90k extra from the hack, but they seemed to act the quickest to stop it.

Looking at Arch coin, who vericoin 'helped' they started with 16mill, but now have 229k more, this coin was only made Aug24th ! so only 30k should of been minted, you can say they got hacked from around 200k.

Not to mention the other deals that go on that people are yet to find out about, but they will. Oh yeah, Supernet, you're in a for bad surprsie with that.

At the end of the day, crypto is the most shady business ever invented, but there are honest people trying to do good things, like the dogecoin dev and community and a few others.

People work damned hard to earn money and even when doing research you never truly know whats going on behind the scenes. Crypto needs a big clean up if it is to survive, which, thanks to all these Con Artists who are stealing from people, it is not looking good for crypto.

Another thing, when investing, stay clear of coins that have 'moderated threads' or keep closing threads and making others, all they are doing is hiding facts and trying to make it hard for anyone to see the crimes being committed.

The worst thing about all of this, vericoin actually looked like a good honest coin when it first came onto the scene, how things change when money is involved. Regarding the price, NO alt coin ever goes up high (like vericoin did) and stays there. Look at blackcoin, that reached what 70/80k?

If all that is true about the minting, why is that a scam move? Doesn't mean its the devs action, just means it was flawed/vulnerable to hacks. You mentioned it also happened to IOC but that doesn't seem to bother you, how come? These complications are bound to happen especially at such an early stage of a coins life.

Im pretty sure their actually working on something right now that will make POS much better and safer which will change the way POS is done on every proof of stake coin.

SuperNet i "believe" has good intentions just from all the progress it keeps delivering, you can literally watch james daily updates of his work, But everything is a gamble when it come to things like this. Only time will tell for this one unless you know something first hand ?

The whole IE fuss is irrelevant imo since it was so long ago and was literally at the birth stage of vrc, I'm sure the devs themselves have learnt a lot since vericoins creation.