Re: [PRE-ANN] - The WhiteCoin Foundation - Community Planning & Discussion

Altcoin herald is saying there's a fatal flaw in the new white coin code: https://bitcointalk.org/index.php?topic=566870.msg6527972#msg6527972

Quote from: altcoinherald on May 03, 2014, 06:01:06 PM

Steer 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.

The dnsseed is only for node discovery. It works when there is no peers.dat at the very start of the wallet.
From there, it gets some IPs from well connected wallets (it's just a dns request that returns multiple A records with nodes).
Then through those nodes, the wallet learns about other nodes as well. Everything is stored in the peers.dat which is then used whenever the wallet starts.

Even if there is any reason to believe that this is not to be trusted, you can always disable the dnsseed discovery and use static IP addresses taken by the Whitecoin.conf file which you can create and fill with the IP addresses of nodes you know are legit and you trust.

It's not nuclear science...

Stop seeing a line of code and think you discovered the God particle!
"Read the code, Luke!"