Altcoin herald is saying there's a fatal flaw in the new white coin code:
https://bitcointalk.org/index.php?topic=566870.msg6527972#msg6527972Steer clear of WhiteCoin. Check their latest commit at Github. There's a smoking gun in their code SO SHOCKING that when word spreads, they will face the same fate as AsiaCoin. And that's not FUD bud, that's the unvarnished truth.
At it again turtle?
We're already checking over our codebase anyway to make sure we don't have any nasty surprises like what was just found on asiacoin, and in the process will also check for and correct any other issues we find.
I'd like to see a link to the altcoinherald article documenting this problem in the code.
Apparently the problem is the DNS seed for white coin is completely controlled by chunky pools, and this is confirmed. And apparently chunkypools is going to be able to completely control every white coin transaction based on the code (this part is still not completely confirmed). This is unprecedented for a crypto currency, it makes it completely centralized and we gotta put alot of trust in people we don't even know. And if chunky pools goes down, like it's known to do, than I imagine that will have ramifications for white coin regardless of PoS.
I understand the consequences if things go south, but just curious.... is there any advantages of having it centralized?