Post
Topic
Board Altcoin Discussion
Re: [VNL] Vanillacoin, a quiet word of warning.
by
traumschiff
on 05/08/2015, 11:10:33 UTC
It should be noted that he posted that in January. 
 
I am looking over both whitepapers now. 
 
https://github.com/john-connor/papers/blob/708f488c8c17e08a12bc4bdb4fc5ac1e2aaf6e24/zerotime.pdf 
http://vanillacoin.net/papers/vanillacoin.pdf   
 
The papers talk about how whenever a transaction is sent, that node will check a hiearchy of nodes (including a masternode?) to see if the majority of them have accepted it; if they have, then it will accept it too with no questions.  I have some serious mathematical issues with how this will work in real life. 
 
In any case, this currency is getting pretty big and if there's something behind this, then great: I will be a massive supporter.  But if something's fucky, it's time to find out.

ZeroTime should get an additional 25 page whitepaper with the release explaining everything in detail.

The first post is gmaxwell being hurt by an argument that John made with them on the Bitcoin github and trying to pick on his project afterwards. gmax would never play the hero in the altcoin discussion part of the forum don't worry, he wouldn't give a shit.

Also the project started with being closed source while the alpha stage rolled out, everything is open source now and you can ask anyone ranging from Polo owners to Bittrex owners or any of your dev friends on the quality and uniqueness of the codebase and communication protocol.