It has been unfortunate incident but we have to learn from it. As the CEO, I am ultimately accountable for what happened, and I will dedicate myself to monitor the improvement plan for internal control going forward. https://t.co/vmMvXDGcsq
hilarious that people here think this guy wont cash out. he can just send it to new wallets and then dump it on his exchange of choice. youre about to get DUMPED on and if youre holding this shitcoin, youre a fool
the fact that thus coin isnt down 75% right now speaks volumes about its "investors"
Wow that explanation was a huge pile of bullshit fluffery trying to make everything sound more official. Sounds like someone just like, took a picture of the private key or xeroxed it. Vechain has always been a scam from the start so that's what they deserve. They prob still have one of the biggest paid poster armies on reddit and elsewhere.
So at least the idea of strong hands and that code is law and that cryptocurrency cannot be stolen - that was all internally consistent. Its stupid, anyone who thinks they want that does not actually want that, but it was consistent. But all the drooling hordes decided hey, we cannot just let money be stolen. Lets build like a... committee of people who govern some stuff. and lets build ways where the system can enforce its will over others, for the good of all. Just rebuilding societies institutions.
And the trust! How does anybody fuckin know this money got stolen? Does that transaction say LARCENY on it or something? Can the code tell a legitimate transaction from one that maybe wasnt? If so, thats amazing. Whats more likely is that its just trust. Trusting the overlords to say what transactions are good and which are bad. Trustless my ass.
Imagine this happened with our banking system today - one day your bank just goes, "Oh yeah, sorry, everyone's money was stolen, heh. No we don't know who took it, no we don't know where it went, really all we know is that yesterday it was there and today it is not. Would you like to continue banking with us?"
hehe then the more amazing part would be when all the customers go "Yes. Beep. Boop. Absolutely. This theft is of no concern. Our faith is iron. Our will is steel. All hail The Bank. Blessed is thy ledger. For the faithful shall rise up in Honor and Glory, to trample upon the Sheep and feast upon the Blind. Praise be."