Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: razorisascam on June 25, 2014, 08:22:17 PM


Title: RazorCoin is a SCAM, and here's why.
Post by: razorisascam on June 25, 2014, 08:22:17 PM
Quote
From the bitcointalk ANN:

Max Coins: 2,000,000 (2 Million) Block reward: 100 Halving: every 10,000 blocks
In the code it has 2bn coins and the block halving resets every once back the beginning.
PROOF (if they take it down, look at one of the forks)

From https://github.com/razor-coin/razor
main.h:-

Code:
static const int64 MAX_MONEY = 2000000000 * COIN;

main.cpp:-

Code:
    int64 static GetBlockValue(int nHeight, int64 nFees) { int64 nSubsidy = 100 * COIN; 
    int64 nSubsidyHalvingInterval = 10000;
    int halvings = nHeight / nSubsidyHalvingInterval;
    nSubsidy >>= halvings;

    return nSubsidy + nFees;
}

Explanation: reward starts at 100 coins per block. after 10000 blocks, cut the current reward in half using bitshifting. Bit bit shifts wrap around so when it run out of bits resets to the beginning and so rewards go back to 100 coins per block. And because MAX_MONEY is set to 2bn and not 2m razorcoin will continue to mine more coins over and over again.

This is not a mistake because if you look at the source history, the coin is a fork from neutrinocoin and you can specifically see the code changes made here https://github.com/razor-coin/razor/commit/82ed7cd0dc91d7044fef864e29bc2cac8b484065 (again look at a fork if they take this down).
Bryce Weiner is behind the con http://whois.domaintools.com/razorco.in if he changes it you can see from the (whois history) and appears in the list of "achievements" at blocktech.com which seems to be a front.

STAY AWAY, this is a deliberate scam claiming scarcity and yet clever hiding a scam in the code.

Title: Re: RazorCoin is a SCAM, and here's why.
Post by: leofromhell on June 25, 2014, 09:10:19 PM
inb4 schooling

Title: Re: RazorCoin is a SCAM, and here's why.
Post by: baseke on June 25, 2014, 09:12:42 PM
polo is it u again?

Title: Re: RazorCoin is a SCAM, and here's why.
Post by: simondlr on June 25, 2014, 09:14:01 PM
MAX_MONEY is a limit on how much coins is viable in a single transaction. If such a tx propagates with such outputs, it's an obvious fake and thus clients just drop it (don't even bother to do additional checks). Ask Dogecoin about it. That's why one of their forks occurred.

MAX_MONEY has nothing to do with the monetary supply settings. It's purely getBlockValue's code.

Title: Re: RazorCoin is a SCAM, and here's why.
Post by: albertdros on June 25, 2014, 09:15:20 PM
fud account of busoni?

Title: Re: RazorCoin is a SCAM, and here's why.
Post by: thenukemforall on June 25, 2014, 09:17:29 PM
Quote from: razorisascam on June 25, 2014, 08:22:17 PM
Quote
From the bitcointalk ANN:

Max Coins: 2,000,000 (2 Million) Block reward: 100 Halving: every 10,000 blocks
In the code it has 2bn coins and the block halving resets every once back the beginning.
PROOF (if they take it down, look at one of the forks)

From https://github.com/razor-coin/razor
main.h:-

Code:
static const int64 MAX_MONEY = 2000000000 * COIN;

main.cpp:-

Code:
    int64 static GetBlockValue(int nHeight, int64 nFees) { int64 nSubsidy = 100 * COIN; 
    int64 nSubsidyHalvingInterval = 10000;
    int halvings = nHeight / nSubsidyHalvingInterval;
    nSubsidy >>= halvings;

    return nSubsidy + nFees;
}

Explanation: reward starts at 100 coins per block. after 10000 blocks, cut the current reward in half using bitshifting. Bit bit shifts wrap around so when it run out of bits resets to the beginning and so rewards go back to 100 coins per block. And because MAX_MONEY is set to 2bn and not 2m razorcoin will continue to mine more coins over and over again.

This is not a mistake because if you look at the source history, the coin is a fork from neutrinocoin and you can specifically see the code changes made here https://github.com/razor-coin/razor/commit/82ed7cd0dc91d7044fef864e29bc2cac8b484065 (again look at a fork if they take this down).
Bryce Weiner is behind the con http://whois.domaintools.com/razorco.in if he changes it you can see from the (whois history) and appears in the list of "achievements" at blocktech.com which seems to be a front.

STAY AWAY, this is a deliberate scam claiming scarcity and yet clever hiding a scam in the code.

Seriously NOOB, where were you when poloniex FUDed SuperCoin ?

Title: Re: RazorCoin is a SCAM, and here's why.
Post by: purplejaguar on June 25, 2014, 09:18:05 PM
sorry dude. Look up what that actually means. Either you don't or you just want cheap coins.

Title: Re: RazorCoin is a SCAM, and here's why.
Post by: BreakoutCoins on June 25, 2014, 09:20:04 PM
Quote from: razorisascam on June 25, 2014, 08:22:17 PM
Quote
From the bitcointalk ANN:

Max Coins: 2,000,000 (2 Million) Block reward: 100 Halving: every 10,000 blocks
In the code it has 2bn coins and the block halving resets every once back the beginning.
PROOF (if they take it down, look at one of the forks)

From https://github.com/razor-coin/razor
main.h:-

Code:
static const int64 MAX_MONEY = 2000000000 * COIN;

main.cpp:-

Code:
    int64 static GetBlockValue(int nHeight, int64 nFees) { int64 nSubsidy = 100 * COIN; 
    int64 nSubsidyHalvingInterval = 10000;
    int halvings = nHeight / nSubsidyHalvingInterval;
    nSubsidy >>= halvings;

    return nSubsidy + nFees;
}

Explanation: reward starts at 100 coins per block. after 10000 blocks, cut the current reward in half using bitshifting. Bit bit shifts wrap around so when it run out of bits resets to the beginning and so rewards go back to 100 coins per block. And because MAX_MONEY is set to 2bn and not 2m razorcoin will continue to mine more coins over and over again.

This is not a mistake because if you look at the source history, the coin is a fork from neutrinocoin and you can specifically see the code changes made here https://github.com/razor-coin/razor/commit/82ed7cd0dc91d7044fef864e29bc2cac8b484065 (again look at a fork if they take this down).
Bryce Weiner is behind the con http://whois.domaintools.com/razorco.in if he changes it you can see from the (whois history) and appears in the list of "achievements" at blocktech.com which seems to be a front.

STAY AWAY, this is a deliberate scam claiming scarcity and yet clever hiding a scam in the code.
Some sad sad FUD. GTFO

Title: Re: RazorCoin is a SCAM, and here's why.
Post by: badon420 on June 25, 2014, 09:20:13 PM
Quote from: razorisascam on June 25, 2014, 08:22:17 PM
Quote
From the bitcointalk ANN:

Max Coins: 2,000,000 (2 Million) Block reward: 100 Halving: every 10,000 blocks
In the code it has 2bn coins and the block halving resets every once back the beginning.
PROOF (if they take it down, look at one of the forks)

From https://github.com/razor-coin/razor
main.h:-

Code:
static const int64 MAX_MONEY = 2000000000 * COIN;

main.cpp:-

Code:
    int64 static GetBlockValue(int nHeight, int64 nFees) { int64 nSubsidy = 100 * COIN; 
    int64 nSubsidyHalvingInterval = 10000;
    int halvings = nHeight / nSubsidyHalvingInterval;
    nSubsidy >>= halvings;

    return nSubsidy + nFees;
}

Explanation: reward starts at 100 coins per block. after 10000 blocks, cut the current reward in half using bitshifting. Bit bit shifts wrap around so when it run out of bits resets to the beginning and so rewards go back to 100 coins per block. And because MAX_MONEY is set to 2bn and not 2m razorcoin will continue to mine more coins over and over again.

This is not a mistake because if you look at the source history, the coin is a fork from neutrinocoin and you can specifically see the code changes made here https://github.com/razor-coin/razor/commit/82ed7cd0dc91d7044fef864e29bc2cac8b484065 (again look at a fork if they take this down).
Bryce Weiner is behind the con http://whois.domaintools.com/razorco.in if he changes it you can see from the (whois history) and appears in the list of "achievements" at blocktech.com which seems to be a front.

STAY AWAY, this is a deliberate scam claiming scarcity and yet clever hiding a scam in the code.

http://puu.sh/9K0GW/3c4226cae3.jpg

Title: Re: RazorCoin is a SCAM, and here's why.
Post by: Alns on June 25, 2014, 09:29:14 PM
I´m not in Razor, but this is the worst FUD ever.

Title: Re: RazorCoin is a SCAM, and here's why.
Post by: kuchini on June 25, 2014, 09:33:46 PM
Chinese Scam Coin! FUD! Time to buy!

Title: Re: RazorCoin is a SCAM, and here's why.
Post by: baseke on June 25, 2014, 09:49:59 PM
Dev left his coin!!!!

Title: Re: RazorCoin is a SCAM, and here's why.
Post by: tk808 on June 25, 2014, 09:54:51 PM
I'm going to weigh in on here. After spending 4+ hours reviewing both Razor and Neutrino on CoinsSource, there were several similarities between it and Razor but i didn't come across any hard evidence. So, i'd like to eventually see some evidence disconnecting Razor's devs from Neutrino's devs.

Some of the evidence in this thread could be conclusive, but will continue to keep a close eye on any connections with both of these coins.


http://www.coinssource.com/crypto-coins/razor/

http://www.coinssource.com/crypto-coins/neutrino/

Title: Re: RazorCoin is a SCAM, and here's why.
Post by: apee on June 25, 2014, 09:55:08 PM
Quote from: badon420 on June 25, 2014, 09:20:13 PM
Quote from: razorisascam on June 25, 2014, 08:22:17 PM
Quote
From the bitcointalk ANN:

Max Coins: 2,000,000 (2 Million) Block reward: 100 Halving: every 10,000 blocks
In the code it has 2bn coins and the block halving resets every once back the beginning.
PROOF (if they take it down, look at one of the forks)

From https://github.com/razor-coin/razor
main.h:-

Code:
static const int64 MAX_MONEY = 2000000000 * COIN;

main.cpp:-

Code:
    int64 static GetBlockValue(int nHeight, int64 nFees) { int64 nSubsidy = 100 * COIN; 
    int64 nSubsidyHalvingInterval = 10000;
    int halvings = nHeight / nSubsidyHalvingInterval;
    nSubsidy >>= halvings;

    return nSubsidy + nFees;
}

Explanation: reward starts at 100 coins per block. after 10000 blocks, cut the current reward in half using bitshifting. Bit bit shifts wrap around so when it run out of bits resets to the beginning and so rewards go back to 100 coins per block. And because MAX_MONEY is set to 2bn and not 2m razorcoin will continue to mine more coins over and over again.

This is not a mistake because if you look at the source history, the coin is a fork from neutrinocoin and you can specifically see the code changes made here https://github.com/razor-coin/razor/commit/82ed7cd0dc91d7044fef864e29bc2cac8b484065 (again look at a fork if they take this down).
Bryce Weiner is behind the con http://whois.domaintools.com/razorco.in if he changes it you can see from the (whois history) and appears in the list of "achievements" at blocktech.com which seems to be a front.

STAY AWAY, this is a deliberate scam claiming scarcity and yet clever hiding a scam in the code.

http://puu.sh/9K0GW/3c4226cae3.jpg

That picture really says it all lol.

Seems like one less junk alt coin to deal with.

Title: Re: RazorCoin is a SCAM, and here's why.
Post by: damiano on June 25, 2014, 10:03:59 PM
can you fucks please learn to read code before posting stupid shit

Title: Re: RazorCoin is a SCAM, and here's why.
Post by: leewilson on June 25, 2014, 11:56:37 PM
Quote from: damiano on June 25, 2014, 10:03:59 PM
can you fucks please learn to read code before posting stupid shit

When have reality and actual facts ever mattered?

Title: Re: RazorCoin is a SCAM, and here's why.
Post by: Farndogg on June 26, 2014, 12:38:29 AM
Is this Turtlehurricaine posting?

Title: Re: RazorCoin is a SCAM, and here's why.
Post by: MinerP on June 26, 2014, 05:26:41 AM
Quote from: albertdros on June 25, 2014, 09:15:20 PM
fud account of busoni?
LMFAO  ;D


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