Coin Coders, Pros and Specialists: Is this coin safe ? (with source)

[42246709215]

http://www.share-online.biz/dl/UBI12G9NLZ

I asked a coder who offers his services here in this board to create a coin for me:
SHA256, 100% premined, 1kk coins, no POS.

The coins have been premined, wallets are running and mining on 2 VPS (Linux + Windows on Hostamus).

I have bigger plans with this coin and before I will do anything I want to be 100% sure that this coin
is safer than safe, absolutley safe. No attack of any kind should ever be possible.

I remembered the 51% problem and some people told me that this coin is vulnerable because of that.
Anyone could get the mining majority easily and therefore manipulate the blockchain.

The coder of this coin, who is a nice guy, tells me that the coin is safe and no attack will ever be possible.
He says that since all coins have been premined and there is no block reward the 51% does not exist.
He even ensured me that he himself would see no way to attack the coin in any way, for example to prevent
the transactions to be confirmed. I am a dummy and I really do not know if I can trust him. He was kind to me
and did what I payed him for but I don´t know him, he could be anyone.

So please, please: Could you as a Pro, Coin Coder, Specialist take a look at the source and give your statement to
the safety of this cryptocoin ? I would really appreciate your help and would reward you in case the coin will be
released publicly to its special purpose and be a success.

Thank you very much !

[ncsupanda]

To begin: I'm by no means a professional when it comes to cryptocurrency and like many of the people here, there is a lot that I personally still have left to learn.

It is my understanding that even though a coin is 100% Premined, mining still needs to be taking place in order for coins to be moved - since there is no PoS, I'm assuming there is no set amount of time where transactions are collected and then placed into some form of PoS block that doesn't require mining.

As for 51% attacks; Your biggest worry would be someone forking the coin and creating a new blockchain - however, none of the resulting blocks would have any block reward, so there would be no reason to attempt such an attack (not to mention it is unlikely, etc).

I cannot actually view your source - host it on GitHub or a similar site so that I don't need to download a file in order to do so. Then I'm sure multiple people besides myself will be willing to take a look.

[42246709215]

@ncsupanda

Thanks for your kind reply.

The point is that there might still be a reason to attack the coin even if there is no block reward.
Just to sabotage a project ! To hurt me, to cause harm to me and my work.
To prevent the coin from just working and fulfilling its purpose since someone does not like my project
or simply likes to annoy other people for fun.

So the question is, if the coin is vulnerable / attackable in any way.
Not if there is a reason to do that or not.

I opened up an account on GitHub, installed the app but I am not able to upload my source there.
I am no coder and do not understand the stuff there, I am sorry.
If anyone else might do that for me, I would appreciate it.

[ncsupanda]

@ncsupanda

Thanks for your kind reply.

The point is that there might still be a reason to attack the coin even if there is no block reward.
Just to sabotage a project ! To hurt me, to cause harm to me and my work.
To prevent the coin from just working and fulfilling its purpose since someone does not like my project
or simply likes to annoy other people for fun.

So the question is, if the coin is vulnerable / attackable in any way.
Not if there is a reason to do that or not.

I opened up an account on GitHub, installed the app but I am not able to upload my source there.
I am no coder and do not understand the stuff there, I am sorry.
If anyone else might do that for me, I would appreciate it.

Assuming you're on windows, you can download the Github software and then add your repository that way; then it will be reflected on Github.com

[Spoetnik]

you should drop that and do it all by yourself..

you just admitted to putting us all at risk for a slew of reasons.

i am an old school PC user in my 30's and i am a cracker and coder etc
and what i hear to me is, a noob wants to buy some shit and get me to use it *maybe (not sure if your unleashing your crap on us all soon lol)

3 problems..

- Functionality
- Security
- Maintenance

and all you can say if i ask about any of that in the slightest is going to be..
uhh uhhhh i dunno

what are you going to do if there is a bug and it needs fixing ?
then your fucked and so are all of us who may have invested money and time into this mystery project.

and THAT is the key reason i have rallied against cloning etc all this time while loud mouth idiots spouted off excuses..
such as..
- I made 2 BTC from XYZ shit coin
or
- It brings in new users to crypto

and i have heard those excuses literally from the highest of the high level guys around here.
hero members and mods / web masters etc say shit like that as well as Mod's from Exchanges, i could rattle off their names too i recall them all rather clearly lol
it's pure irresponsibility !
You are putting everyone involved at risk big time.

you should learn to do it by yourself or don't do it at all !

An example of why i support Jackpot coin in my Sig ?
There was a recent bug with POS and in no time he identified the bug and *seemingly fixed.. swiftly !
Problem solved !
And that is the difference between some two bit piece of shit crap coin and one that has my respect !

edit:
I am a coder and i have looked at coin source before and i have done a LOT of work on miners
and i have been involved in this stuff 24/7 for a year and i would not even consider getting involved in making a coin
unless i did a LOTS of research..
some of these guys out there know crazy amount of info on making coins and you have to !
If a problem popped up i am not sure i could handle it for one reason.. coin making experience !

[Zer0Sum]

An example of why i support Jackpot coin in my Sig ?
There was a recent bug with POS and in no time he identified the bug and *seemingly fixed.. swiftly !
Problem solved !

And that is the difference between some two bit piece of shit crap coin and one that has my respect !

An engineering education is ALL about developing problem-solving skills...
No one is born thinking like an engineer, it's a massive Learning Curve...
Where you solves 1000s of problems of increasing complexity.

That's why anyone can become a low end Java coder in 6 months or whatever...
But the kind of elite problem-solving skills required from a top C++ coin Dev...
Take 10 years of obsessive work and devotion to develop.

You can only be great at something you are VERY passionate about.