Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin | Scrypt N | Beat ASIC
by
styxical
on 27/05/2014, 15:59:53 UTC
Not really vert related but I finished reading up on the DRK thread.

One thing that really rings alarm bells to me is the level of blind faith and expectation they have on their developer. Its scary. They seem to be idolizing him like a prophet that has arisen to show them all towards the  light. Having such a high profile single point of failure is a strong warning sign. Im not knocking him or his coin he has brought it a long way, but some of the members over there seem to be overcome with irrational exuberance. when they start posting his time zone, suggesting he gives his telephone number out to certain members on the thread so they can check up on him, speculating if he is asleep or not, talking about his social life and schedule...its just...wrong on many levels. It cant end well.



 



Pretty much every coin relies on their developers, no? The difference is that most coins are open source, so the community can pick it up and run with it if the developer turns out to be a scumbag. Just for speculation, what kind of stuff could be hiding in the closed source part of DRK? I really don't have enough knowledge on the back end to speculate - surely some of you do?

Considering it's an anonymous coin, with a single dev (single point of failure) I'd imagine law enforcement would have an easy time bending him to their will if they so desired: http://xkcd.com/538/