[ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released

[Isokoira]

Your centralized services on vericoin.info are woefully insecure.

The debian 6 server running the site has not been hardened, you can login as root over ssh. There are many many more problems but I don't want to divulge too much as it could hurt a lot of people. The developer can send me a message if they want to talk about this in private.

Yea... ok. VeriBit/VeriSend are hosted on a Windows server.

They are not hosted on a windows server, that is not what I said. They are clearly hosted on debian running a legacy version of apache. I would be even more worried if they were actually on a windows server.

Edit: I'm not trying to spread FUD here, this is a very serious concern with how much money is being pumped into this economy. I'm worried about the alt-currency community more than the price of any individual coin. You can see that from my post history.

This is part of the reason I don't understand quite understand the hype around veribit.  People are saying it makes things so much easier, but does it really?  And at what cost?  The cost of security?  As far as I understand, all veribit does is exchange VRC for BTC, like any other altcoin can already do on any exchange.  Except, with veribit, we are trusting VRC's dev team to handle security on their centralized servers.  I am not saying VRC dev's are untrustworthy at all, but I do question whether they are qualified to keep these services secure.  As for me, I would far more trust services like Mintpal to securely hold and exchange my altcoins for BTC to then use and make purchases.

The VeriBit servers don't "hold" your coins for more than 5 minutes. After they receive them and get 4 confirms, they send you your BTC. So the user will never lose. If we have a security flaw (which we are getting audited right now), our pot of BTC could be lost. But I don't think that's a concern since the developer running the server works for the cloud computing division of one of the top software companies in the world... and knows his security.

Saying he works somewhere and saying he knows his security when this is obviously untrue makes me even more skeptical.

There is no reason root login should be enabled on the server, there is no reason password authentication should even be enabled. You should be logging in through keys. I shouldn't have to say this to someone who "knows their security".

Look, I don't know what to tell you. If you're actually concerned you would have PMed me. I don't have shell access to the Dreamhost server that the website is on. What I can tell you, is that the server that hosts all of the apps isn't a *nix server with root access, it's a Windows server hosted by Azure. I would be very skeptical if DreamHost left root access open on their server.

Why is it running on windows? Windows is known to have a lot of security risks, is not open source and not usually a go to choice for someone who "knows their security".

OMG, do you not know where DEV3 works or have you been under a rock since this coin has come out?  It's obviously running on Windows since he works at the biggest software company in the world where it's actually made and developed.  I would think he knows more about the inner workings than anyone else here.  Why would someone familiar with Windows and the security work with something else he is unfamiliar with?

[xCryptoManiaX]

Intentions are obvious, instead of PMing the devs, his main concern isn't with the fact that there is a small and easily fixable flaw in Veribit (something new and incredible), it is with the code isn't open source for people (such as a developer as himself) to see and rip off.  Other coins wished they had something as innovative as Veribit as it allows the coin to be accepted everywhere Bitcoin is.  

His long term interest in the coin is not high as before yesterday he didn't own 250 VRC.
Or perhaps he is FUDing so he can buy in low. Either way ignore is useful in this situation

P.S. Newegg has been added to vendors that accept Bitcoin/Vericoin!

If you think people want open source code is so they can rip it off you are a moron.

Also veribit is dead simple to reproduce, and a good programmer could do it better without nearly as many issues.

mamm coin is going to implement it soon

*a partnership with bitcoinshop is not nearly the same.

You're a walking cliche and talk is cheap. Fact is no other coin has something like Veribit and
even if the ease of repdoucibility true, it's the idea that counts (not the oh that's easy why didn't I think of Google or Facebook before it became big, ANY "good" programmer could have done that stance) it has to be done with a coin that people believe in that has value, distribution and the whole package

[P0PFrag]

Your centralized services on vericoin.info are woefully insecure.

The debian 6 server running the site has not been hardened, you can login as root over ssh. There are many many more problems but I don't want to divulge too much as it could hurt a lot of people. The developer can send me a message if they want to talk about this in private.

Yea... ok. VeriBit/VeriSend are hosted on a Windows server.

They are not hosted on a windows server, that is not what I said. They are clearly hosted on debian running a legacy version of apache. I would be even more worried if they were actually on a windows server.

Edit: I'm not trying to spread FUD here, this is a very serious concern with how much money is being pumped into this economy. I'm worried about the alt-currency community more than the price of any individual coin. You can see that from my post history.

This is part of the reason I don't understand quite understand the hype around veribit.  People are saying it makes things so much easier, but does it really?  And at what cost?  The cost of security?  As far as I understand, all veribit does is exchange VRC for BTC, like any other altcoin can already do on any exchange.  Except, with veribit, we are trusting VRC's dev team to handle security on their centralized servers.  I am not saying VRC dev's are untrustworthy at all, but I do question whether they are qualified to keep these services secure.  As for me, I would far more trust services like Mintpal to securely hold and exchange my altcoins for BTC to then use and make purchases.

The VeriBit servers don't "hold" your coins for more than 5 minutes. After they receive them and get 4 confirms, they send you your BTC. So the user will never lose. If we have a security flaw (which we are getting audited right now), our pot of BTC could be lost. But I don't think that's a concern since the developer running the server works for the cloud computing division of one of the top software companies in the world... and knows his security.

Saying he works somewhere and saying he knows his security when this is obviously untrue makes me even more skeptical.

There is no reason root login should be enabled on the server, there is no reason password authentication should even be enabled. You should be logging in through keys. I shouldn't have to say this to someone who "knows their security".

Look, I don't know what to tell you. If you're actually concerned you would have PMed me. I don't have shell access to the Dreamhost server that the website is on. What I can tell you, is that the server that hosts all of the apps isn't a *nix server with root access, it's a Windows server hosted by Azure. I would be very skeptical if DreamHost left root access open on their server.

Why is it running on windows? Windows is known to have a lot of security risks, is not open source and not usually a go to choice for someone who "knows their security".

OMG, do you not know where DEV3 works or have you been under a rock since this coin has come out?  It's obviously running on Windows since he works at the biggest software company in the world where it's actually made and developed.  I would think he knows more about the inner workings than anyone else here.  Why would someone familiar with Windows and the security work with something else he is unfamiliar with?

Back to my previous point, 95% of people who use Linux servers dont want to drop $699 on a Windows server OS.  Love it when people tout that Linux is so superior.   No, its not, get over it.

[aciddbboy]

Hi ,

I am still having some issues with the enchription of my vericoin wallet .

 Couple days ago i enchripted my wallet , create some new adress using the pssphrase with no issue at all .  Next morning i try to send vericoins and somehow the passphrase i was using yesterday does not work .

Lucky me i only had 0,1 vrc and i assumed that somehow i fucked it up.  Today , i create a new wallet . I deleted the wallet.data file and downloaded the wallet again and enchripited it .  

Again , i could create some new adress with no issues , the passphrase was correct . I wrote it down in 3 different places .  After 10 minuts , i try again the same procedure and the passphrase is incorrect !!

So i decided to do the same procedure one more time . This time the passphrase used to enchript my wallet was one sentence i would always remember . Anyway i also wrote it down on my computer .

Guess what? Exacltly the same issue . It would work the first 3 or 4 times i entered the passphrase but eventually will say passphrase incorrect no matter if i copy/paste if i write becasue i remember etc..

Am i crazy ? What am i missing here? Anyone with the same issue ?  

This is so so weird :S .

[ancientcoins]

Intentions are obvious, instead of PMing the devs, his main concern isn't with the fact that there is a small and easily fixable flaw in Veribit (something new and incredible), it is with the code isn't open source for people (such as a developer as himself) to see and rip off.  Other coins wished they had something as innovative as Veribit as it allows the coin to be accepted everywhere Bitcoin is.  

His long term interest in the coin is not high as before yesterday he didn't own 250 VRC.
Or perhaps he is FUDing so he can buy in low. Either way ignore is useful in this situation

P.S. Newegg has been added to vendors that accept Bitcoin/Vericoin!

If you think people want open source code is so they can rip it off you are a moron.

Also veribit is dead simple to reproduce, and a good programmer could do it better without nearly as many issues.

mamm coin is going to implement it soon

*a partnership with bitcoinshop is not nearly the same.

Talk is cheap. Fact is no other coin has something like Veribit and
even if the ease of repdoucibility true, it has to be done with a coin that people believe in that has value, distribution and the whole package

agree only talk yet, but once implemented it will be huge, its a coin to keep a eye on. veribit was the first but will not be the only one

[xCryptoManiaX]

Intentions are obvious, instead of PMing the devs, his main concern isn't with the fact that there is a small and easily fixable flaw in Veribit (something new and incredible), it is with the code isn't open source for people (such as a developer as himself) to see and rip off.  Other coins wished they had something as innovative as Veribit as it allows the coin to be accepted everywhere Bitcoin is.  

His long term interest in the coin is not high as before yesterday he didn't own 250 VRC.
Or perhaps he is FUDing so he can buy in low. Either way ignore is useful in this situation

P.S. Newegg has been added to vendors that accept Bitcoin/Vericoin!

If you think people want open source code is so they can rip it off you are a moron.

Also veribit is dead simple to reproduce, and a good programmer could do it better without nearly as many issues.

mamm coin is going to implement it soon

*a partnership with bitcoinshop is not nearly the same.

You're a walking cliche and talk is cheap. Fact is no other coin has something like Veribit and
even if the ease of repdoucibility true, it's the idea that counts (not the oh that's easy why didn't I think of Google or Facebook before it became big, ANY "good" programmer could have done that stance) it has to be done with a coin that people believe in that has value, distribution and the whole package

agree only talk yet, but once implemented it will be huge, its a coin to keep a eye on. veribit was the first but will not be the only one

again a partnership with a website that accepts Bitcoin is different from Veribit and the second part was directed to yourstruly

[ancientcoins]

Intentions are obvious, instead of PMing the devs, his main concern isn't with the fact that there is a small and easily fixable flaw in Veribit (something new and incredible), it is with the code isn't open source for people (such as a developer as himself) to see and rip off.  Other coins wished they had something as innovative as Veribit as it allows the coin to be accepted everywhere Bitcoin is.  

His long term interest in the coin is not high as before yesterday he didn't own 250 VRC.
Or perhaps he is FUDing so he can buy in low. Either way ignore is useful in this situation

P.S. Newegg has been added to vendors that accept Bitcoin/Vericoin!

If you think people want open source code is so they can rip it off you are a moron.

Also veribit is dead simple to reproduce, and a good programmer could do it better without nearly as many issues.

mamm coin is going to implement it soon

*a partnership with bitcoinshop is not nearly the same.

You're a walking cliche and talk is cheap. Fact is no other coin has something like Veribit and
even if the ease of repdoucibility true, it's the idea that counts (not the oh that's easy why didn't I think of Google or Facebook before it became big, ANY "good" programmer could have done that stance) it has to be done with a coin that people believe in that has value, distribution and the whole package

agree only talk yet, but once implemented it will be huge, its a coin to keep a eye on. veribit was the first but will not be the only one

again a partnership with a website that accepts Bitcoin is different from Veribit

im not talking about the partnership, with bitcoin shop, they will create a function where mamm can be paid anywhere where btc accepted. im sure veribit idea is not  patented

[buy4crypto]

Intentions are obvious, instead of PMing the devs, his main concern isn't with the fact that there is a small and easily fixable flaw in Veribit (something new and incredible), it is with the code isn't open source for people (such as a developer as himself) to see and rip off.  Other coins wished they had something as innovative as Veribit as it allows the coin to be accepted everywhere Bitcoin is.  

His long term interest in the coin is not high as before yesterday he didn't own 250 VRC.
Or perhaps he is FUDing so he can buy in low. Either way ignore is useful in this situation

P.S. Newegg has been added to vendors that accept Bitcoin/Vericoin!

If you think people want open source code is so they can rip it off you are a moron.

Also veribit is dead simple to reproduce, and a good programmer could do it better without nearly as many issues.

mamm coin is going to implement it soon

*a partnership with bitcoinshop is not nearly the same.

Talk is cheap. Fact is no other coin has something like Veribit and
even if the ease of repdoucibility true, it has to be done with a coin that people believe in that has value, distribution and the whole package

agree only talk yet, but once implemented it will be huge, its a coin to keep a eye on. veribit was the first but will not be the only one

Kind of like saying Bitcoin was the first, but not the only one. Whats its price doing?

The team with the innovation and first mover advantage wins in crypto. And VeriCoin has checkmate on everything relevant to people today. VeriCoin is beating Bitcoin as a reference. And look at Bitcoins price.

If you told me to look at crypto today and pick one, not knowing history or price today. I would pick VeriCoin, wouldn't you?

[ancientcoins]

Intentions are obvious, instead of PMing the devs, his main concern isn't with the fact that there is a small and easily fixable flaw in Veribit (something new and incredible), it is with the code isn't open source for people (such as a developer as himself) to see and rip off.  Other coins wished they had something as innovative as Veribit as it allows the coin to be accepted everywhere Bitcoin is.  

His long term interest in the coin is not high as before yesterday he didn't own 250 VRC.
Or perhaps he is FUDing so he can buy in low. Either way ignore is useful in this situation

P.S. Newegg has been added to vendors that accept Bitcoin/Vericoin!

If you think people want open source code is so they can rip it off you are a moron.

Also veribit is dead simple to reproduce, and a good programmer could do it better without nearly as many issues.

mamm coin is going to implement it soon

*a partnership with bitcoinshop is not nearly the same.

Talk is cheap. Fact is no other coin has something like Veribit and
even if the ease of repdoucibility true, it has to be done with a coin that people believe in that has value, distribution and the whole package

agree only talk yet, but once implemented it will be huge, its a coin to keep a eye on. veribit was the first but will not be the only one

Kind of like saying Bitcoin was the first, but not the only one. Whats is price doing?

The team with the innovation and first mover advantage wins in crypto. And VeriCoin has checkmate on everything relevant to people today. VeriCoin is beating Bitcoin as a reference. And look at Bitcoins price.

If you told me to look at crypto today and pick one, not knowing history or price today. I would pick VeriCoin, wouldn't you?

i am no way saying mamm is better than vrc, i hold vrc an continue to hold. i had to sell some to buy more mamm, im just saying they would be next one to do it unless others haven't planned it already.

if i was saying mamm is better than vrc, then sorry dude, but vrc is better.

[buy4crypto]

Intentions are obvious, instead of PMing the devs, his main concern isn't with the fact that there is a small and easily fixable flaw in Veribit (something new and incredible), it is with the code isn't open source for people (such as a developer as himself) to see and rip off.  Other coins wished they had something as innovative as Veribit as it allows the coin to be accepted everywhere Bitcoin is.  

His long term interest in the coin is not high as before yesterday he didn't own 250 VRC.
Or perhaps he is FUDing so he can buy in low. Either way ignore is useful in this situation

P.S. Newegg has been added to vendors that accept Bitcoin/Vericoin!

If you think people want open source code is so they can rip it off you are a moron.

Also veribit is dead simple to reproduce, and a good programmer could do it better without nearly as many issues.

mamm coin is going to implement it soon

*a partnership with bitcoinshop is not nearly the same.

Talk is cheap. Fact is no other coin has something like Veribit and
even if the ease of repdoucibility true, it has to be done with a coin that people believe in that has value, distribution and the whole package

agree only talk yet, but once implemented it will be huge, its a coin to keep a eye on. veribit was the first but will not be the only one

Kind of like saying Bitcoin was the first, but not the only one. Whats is price doing?

The team with the innovation and first mover advantage wins in crypto. And VeriCoin has checkmate on everything relevant to people today. VeriCoin is beating Bitcoin as a reference. And look at Bitcoins price.

If you told me to look at crypto today and pick one, not knowing history or price today. I would pick VeriCoin, wouldn't you?

i am no way saying mamm is better than vrc, i hold vrc an continue to hold. i had to sell some to buy more mamm, im just saying they would be next one to do it unless others haven't planned it already.

if i was saying mamm is better than vrc, then sorry dude, but vrc is better.

Not saying mamm is good or bad, I never heard of it. I am just expressing how in the past being first had proven to be a big boost for a coins support from the community.

Litecoin was the first big scrypt alt. So it became big after bitcoin, but never reached its level. Now you have a coins trying to do something bigger than litecoin, and bitcoin.

The next step in crypto evolution isn't a mining one, but a shift to a more adopted one.

Being able to bring in more people to use your currency will be what takes the next coin up. If the past is proven to repeat itself, this coin has the best chance of any in market to surpass litecoin this year. In time, maybe 1-3 years. If development continues to outpace bitcoin, I see no reason it couldn't compete.

[ancientcoins]

Intentions are obvious, instead of PMing the devs, his main concern isn't with the fact that there is a small and easily fixable flaw in Veribit (something new and incredible), it is with the code isn't open source for people (such as a developer as himself) to see and rip off.  Other coins wished they had something as innovative as Veribit as it allows the coin to be accepted everywhere Bitcoin is.  

His long term interest in the coin is not high as before yesterday he didn't own 250 VRC.
Or perhaps he is FUDing so he can buy in low. Either way ignore is useful in this situation

P.S. Newegg has been added to vendors that accept Bitcoin/Vericoin!

If you think people want open source code is so they can rip it off you are a moron.

Also veribit is dead simple to reproduce, and a good programmer could do it better without nearly as many issues.

mamm coin is going to implement it soon

*a partnership with bitcoinshop is not nearly the same.

Talk is cheap. Fact is no other coin has something like Veribit and
even if the ease of repdoucibility true, it has to be done with a coin that people believe in that has value, distribution and the whole package

agree only talk yet, but once implemented it will be huge, its a coin to keep a eye on. veribit was the first but will not be the only one

Kind of like saying Bitcoin was the first, but not the only one. Whats is price doing?

The team with the innovation and first mover advantage wins in crypto. And VeriCoin has checkmate on everything relevant to people today. VeriCoin is beating Bitcoin as a reference. And look at Bitcoins price.

If you told me to look at crypto today and pick one, not knowing history or price today. I would pick VeriCoin, wouldn't you?

i am no way saying mamm is better than vrc, i hold vrc an continue to hold. i had to sell some to buy more mamm, im just saying they would be next one to do it unless others haven't planned it already.

if i was saying mamm is better than vrc, then sorry dude, but vrc is better.

Not saying mamm is good or bad, I never heard of it. I am just expressing how in the past being first had proven to be a big boost for a coins support from the community.

Litecoin was the first big scrypt alt. So it became big after bitcoin, but never reached its level. Now you have a coins trying to do something bigger than litecoin, and bitcoin.

The next step in crypto evolution isn't a mining one, but a shift to a more adopted one.

Being able to bring in more people to use your currency will be what takes the next coin up. If the past is proven to repeat itself, this coin has the best chance of any in market to surpass litecoin this year. In time, maybe 1-3 years. If development continues to outpace bitcoin, I see no reason it couldn't compete.

totally agree with you there, other coins will add the coin and rise. you can make money of it,  but vrc looks like the complete package. drk is good but too shady and countless forks

[xCryptoManiaX]

Yeah nothing against mamm as I held a lot at some point but I think it's important to invest in innovators such as the VRC team rather than copies of innovation. Anyone can copy something to sell but it's the delivery and adoption that counts.
An in wallet fiat exchange will be implemented today as well, I don't know of any other coins that are coming out with innovative releases at such astounding speed

[dwords]

If you think people want open source code is so they can rip it off you are a moron.

{{Regarding anonymity, does blackcoin have any anonymity features like darkcoin?}}

No, but neither does darkcoin yet. There is a possibility we could encourage the developers to add it after darksend is open source

https://asktom.cf/index.php?topic=521328.msg5898153#msg5898153

I poste a few pages back, I have been working on an alt coin exchange for over a year. Just finished my masters in CS. I going to make a BC centric exchange and hope others will follow.

https://asktom.cf/index.php?topic=469640.msg5904891#msg5904891

------------------------------

ETA - I do not have any BC but think the Dev is doing amazing things. Don't understand why it is not rocketing.

[buy4crypto]

Yeah nothing against mamm as I held a lot at some point but I think it's important to invest in innovators such as the VRC team rather than copies of innovation. Anyone can copy something to sell but it's the delivery and adoption that counts.
An in wallet fiat exchange will be implemented today as well, I don't know of any other coins that are coming out with innovative releases at such astounding speed

Bank accounts really detur a lot of people. Now add in the crypto crowd, who generally tends to be paranoid on some level.

You will have a lot of people utilizing this credit card feature.

Now will it be a wash, because a lot of people trade out to another coin? On some level yes.

But the news, and adoption rate of VRC will dramatically increase, which will lead to more adoption, more innovation, and a community that grows to meet the value of the coin.

[P0PFrag]

https://twitter.com/pnosker/status/483931433992732672

[jklike]

the price is so high.
i should buy some coins.is it right?

[7vpo]

the price is so high.
i should buy some coins.is it right?

Really, 56K is max price until July 19...

If you buy, maybe you win.

It is not investment advice

[damiano]

the price is so high.
i should buy some coins.is it right?

Really, 56K is max price until July 4...

If you buy, maybe you win.

It is not investment advice

Whats going to happen on July 4th?

[7vpo]

the price is so high.
i should buy some coins.is it right?

Really, 56K is max price until July 4...

If you buy, maybe you win.

It is not investment advice

Whats going to happen on July 4th?

Ex. July 19 

[kenboy]

why the vrc are so hot?why?