Post
Topic
Board Marketplace (Altcoins)
Re: [BOUNTY] VNL - Vanillacoin - ZeroTime double-spend reward
by
smooth
on 12/08/2015, 04:18:39 UTC
I asked Nick Szabo aka Satoshi Nakamoto what he thought of my invention but he has failed to respond after many attempts.

How about the more eccentric, poor man's Nakamoto, Anonymint.

He had "something" to say about it

I am calling scam on this coin now

Another cryptocurrency expert, who certainly doesn't agree with Anonymint about everything (anything?) has this to say

Vanillacoin was previously discussed on this forum, https://bitcointalk.org/index.php?topic=890388.0 but he locked the threads in order to shuffle the users (victims?) off to someplace out of the light of day-- never a good sign, (nor is his BCT newbie account, for that matter).  The "vanillacoin" software has no source code available, it is binaries only (very much not a good sign, and usually severe malware concern; and an ultimate form of centralization), there are source links but they go to a basically empty github repository. There is a whitepaper, which like the comments on github show some general software development background they show no real sign of sophisticated understanding around decenteralized systems for adversarial networks or cryptocurrencies.

I don't know anything more about it, but I figure sunlight tends to be a good disinfectant; and with the threads locked it probably wasn't fair of me to say nothing while I was privately thinking "hm, that all smells pretty fishy".  Of course, the guy was a bit rude to me and also wasted my time-- so feel free to factor that bias in however you like. I'm just reporting my impression as a regular community member. You now know what I know.

(I believe it is no longer the case that the source is not available,  but I'm not positive.)

I note for the emphasis with regard to bolded quoted comment above, the new ANN thread is self-moderated, which means you can't trust it to contain an open unbiased debate about the merits of the coin.

There are a lot of red flags here. Be careful.