Too Big To Fail, AKA USA banks circa 2008.

Edit: AKA, the most centralized you can get.

You have to keep in mind that this reversed hard fork was the only way to rescue VRC at all.
If the hard fork wouln't have done 1 person would have had over 30% of all coins existing and the coin would be dead because there the hole trust would have gone. VRC is pos.

if you think that way, they reconstruted trust in the coin itself.

Either way. It's unbelivable that something like that is even possible on a modern exchange.

MP fucked up hard.

Ah thanks. I'm not sure it's quite the same though.

The exchange model is very similar to the casino model - the house takes its cut, so with plenty of customers, the house makes good money, they don't need to cheat.

They always cheat.

Why? Because they are greedy fucks and because they can.

Anyone can see the rampant bot activity on Mintpal just by looking at the order books for a few minutes. Mintpal thus have to admit to having a 'closed beta' trading API - good luck getting access to it without paying them a small fortune.

Basic reason suggests that the biggest users of this 'closed beta' trading API are Mintpal themselves. Since they have mountains of coins that idiots leave on their exchange, it becomes trivially easy for them to bot coin prices up, down or sideways as it suits them, and to long and short at will with other peoples money.

Mostly this works, because they are mostly competent and very experienced at this. They make fortunes and we are all none the wiser.

In this case they fucked up somehow, and as they probably either had the vericoin dev by the balls because he'd paid a large sum to get listed on Mintpal in the first place, or he was in on their scheme from the beginning - think for a moment who's providing the funding for all these shitcoin launches that exchanges benefit from the frenzied trading on! - they jointly decided to do the unthinkable and FUCK WITH THE BLOCKCHAIN for their own benefit.

So, not so much 'Too Big To Fail,' more like, 'We Don't Give A Shit, So Fuck You.' (WDGAS,SFU)

Understand, but I'm not seeing how it's different (I'm not comparing MP to a bank, rather the process of what happened). It's like a bailout: someone, somewhere, screwed up, but the dev's stepped in and made the problem disappear. My thought is it must have been a "damned if you do, damned if you don't" kind of thing (with the "if you don't" being even worse than this). I mean, the coin has basically been given over to a central authority now. Will they roll back the chain again in the future if something else happens? How big of a screw-up does it need to be?

https://support.mintpal.com/index.php?module=announce&sec=view&id=17

Their Vericoin wallets were attacked.
Other coins to follow?
Probably, be careful... such signs have to be taken seriously.

Or how much money needs to be paid under the table?  Or how many benefits do to the devs need to see?  Or, Or, Or.... any dev that considers what they are doing a solution is not someone who I would trust.

Makes you really appreciate when Evan rolled back the 6/20 fork because the network was slow to respond to orphans when everybody was screaming "don't" on IRC. Doing what is right by the coin regardless of price (those second set of fork issues could have killed DRK) is really commendable.

going to get my darkcoins out just to be safe  any other good exchanges you guys recommend

So need to tell you something too
The dev of clevermining.com have response me that he thnx me for notifying him and he will update too

Does clevermining.com have X11 pool ?

The dev of clevermining.com is very thoughtful