A cover-up would mean, that the whole affair would have been dealt with in silence, without public knowledge.

The blockchain has been cleansed from crime, that is very different.

This is the vericoin community, we are trying to support our community in difficult times, Maybe your efforts would be better made in a thread dealing with exchange issues?

Im sure in another thread, far, far away from here you will find many like minds for you to talk about your ideas with.

Please let's hear the solution from all the people complaining about a rollback.  Please solve everyone's problems.  If your reply amounts to "I don't know, but a rollback isn't the solution" then please STFU you have nothing to offer.

I am now your biggest fan.

The solution rests on designing a system without possible points of failure like Mintpal.
Effectively they would be decentralized peer to peer.

Solution for Vericoin handling of Mintpal fiasco?
1. Do nothing. Let it play out and if it survives then it should survive.
2. Fork to make stolen coins disappear.
3. Go back in time to pre-theft.


This was discussed a few pages back.

At the moment it seems hacker will not gain anything from this.
If I was hacker I would destroy majority of the coins which would make a rollback more difficult to justify.


But like stated first: the solution is a better system.
This is why crypto in the first place.
Exchanges are legacy from a prior broken system.
What happened here today is leftovers from that system.
What we should aim for is a system not vulnerable to this.
If VRC is not that system or a part of that system and in fact helping to survival of the broken system by splinting it, then it is not the answer.

If I was VRC dev I would say:
Sorry people, we got forced into making a hard decision.
We promise we won't fork coin again for this reason so please don't leave your money on exchanges.
Put it in your wallet and stake. This way you support the network.
We are also working on a decentralized exchange system that will hopefully make Mintpal and its like obsolete and offer peer to peer exchange.

I'm sorry to the guys who lost coins, but you lost them because of Mintpal and they should reimburse you not the entire blockchain being forked. If Mintpal can't pay then the community shouldn't have trusted so many coins with one exchange. Isn't this a decentralized crypto coin? You can't become centralized when it's convenient to bail out an exchange because it's convenient.
51% attack is BS excuse to fork the coin to bailout Mintpal and all the idiots who trade the coin instead of staking and securing the network.
http://youtu.be/TjL2AgCQDJ0


That video on Peercoin explains why a 51% attack will not happen so it's a bullshit excuse.

Why not be Visa coin and allow chargebacks, and while you're at it have a Vericoin bank and offer Verinsurance

This coin is no longer crypto it's centralized fiat, and this is a sad day for all alt coins. Mintpal is NOT too big to fail. Maybe we should fork the Bitcoin blockchain to bail out Mt. Gox and Mark Karplees  

I only think it would be more appropriate to keep two things separated: 1. exchanges 2. Using the ability of the blockchain to deal with theft.

Nobody is trying to shut you up. Please stop trying to play the victim here.

Actually I was not. I understand what you wanted to point and I hope thats what the future holds. But is not about saving Mintpal, its about saving vericoin, just the fear that someone has more than 30% of a POS coin is enough to destroy it! this means not only people who hold Veri at mintpal will loose but every Veri holder, http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2393940 . Bittrex already has bigger volume than mintpal and now this … I assume if they want to stay in the game they have to make some big changes and become way more secure than other exchanges.

Be sure to move your coins to Bittrex if you day trade. I would say get 2-3 exchanges going with some volume but that'll never happen so lets just stick with Bittrex.