Post
Topic
Board Announcements (Altcoins)
Re: [ANN][GRT] Grantcoin: Basic Income Currency | Backed by 501(c)(3) Nonprofit
by
danspasiva
on 02/03/2018, 01:34:06 UTC
Hi there, I'm enthusiastic about the idea, but after digging in a little more, I have some concerns about security / development of this project...

  • The wallets page does not seem to mention Open Source, GitHub, compiling yourself, etc.  I found the source code on GitHub, but it hasn't been touched for almost a year.
  • The website does not use https, so literally everything users see / download there could be replaced by a MITM effortlessly.
  • The Android wallet is not on Google Play.  Instead it is just an APK file to download from the website (see item above).
  • Did not find GPG keys or digests for the files, so installing any of these is really dangerous (especially for anyone who might have another cryptocurrency on the same system like people here).
  • The Linux binary on the website has no file extension.  Not a big deal, but makes me wonder if anyone has ever downloaded and used it.

I have some questions about the economics / distribution, but need to read & think more.  :-)


I have looked into this coin myself and had these concerns as well as the business model of the coin itself.  The idea is nice and all but i'm not exactly sure how the execution is going to work, perhaps i'm not fully understanding how it all will work.  That being said, I do actually want to see this one succeed because well, the cause seems noble and can actually help some very poor people in their lives.