Re: [VRC] | VeriCoin | POS-NSDI | VeriBit | VeriSend | VeriSMS

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.

If that's true then this is a theft and PNosker, EffectsToCause are scammers. Lets hear the facts from the developers.

There were over 26,700,000 mined during the POW phase https://bitcointalk.org/index.php?topic=602041.msg6789922#msg6789922

There were no extra coins generated from staking.

Ah OK, that's great, at least that's not an issue and in this case PNosker and EffectsToCause are not in the league of the ICO scammers and other con artists.

Actually, I have to amend my last statement. According to EffectsToCause, there were no more than 500 coins that were generated throught that exploit. They saw IOcoin being exploited heavily and changed the code before VeriCoin could be hit hard.