darkgold
https://bitcointalk.org/index.php?topic=868354.0Heritage:
Problems:
* EXTREME: 200K coins are premined, not for ICO, and disclosed in a very difficult to read way (they just say how many blocks are premined)
** Even if disclosed, this is an extremely large premine of around 14% (including the 152 blocks, and excluding the ICO portion)
* MAJOR: 152 normal reward (non-ICO) blocks were premined and undisclosed, yielding 1,520 coins
* MODERATE: ICO funds/premine was mined in such a way that PoS staking inflated the actual amount mined
** The ICO funds 800K actually ended up being around 800,600 coins.
** Can't tell how much BTC 600 coins actually adds up to, since I can't determine the price per coin from the announcement thread
* MINOR: ICO/premine funds have not been checkpointed
* MODERATE: The sync checkpoint key appears to be valid, but no sync checkpoint node appears to be running on the network
** It is considered somewhat insecure to run a PoS coin without sync checkpoints
* MINOR: "Total Coins: 50M" in ANN is wrong. Total coins is infinite, total PoW coins is 1,369,590.0
Notes:
genesis seed is news event
A lot of people concerned about PoS weight and amount of coins minted by PoS on the ICO funds.
Looking at the ratio of PoS blocks and average payout, it's at most 800 coins.. probably more like 600 coins
Also some concern about moneysupply not including premine. I see no evidence of this unless github was updated before I could review it
Watermarks: uint64_t, pos, drm-like, devcoin
DEV: If you'd like to get rid of these extra coins to invalidate these extreme problems, please send them to an appropriate burn address:
https://gist.github.com/Earlz/de3cc5f6ee85c7a69d53 ... Afterwards, if you'd like me to validate that you properly burned the coins and update the review, please PM me with txid and relevant info