Post
Topic
Board Altcoin Discussion
Re: Unmoderated XC thread
by
GhostPlayer
on 12/06/2014, 13:48:33 UTC
More amusingly, what DarkCoin does is highly centralized because the software is closed— you can't get more centralized than closed source. What the actual behavior is, is anyone's guess— it's impossible to review due to it being closed— though "masternodes" does not sound like something decenteralized, it sounds like something that creates a small chokepoint which could be used to deanonymize its users, like a server based CoinJoin but worse since you have to hold a huge pile of coins to run a server.



 
Yet, interestingly, it is gmaxwell himself the first industry leader to be vetting the code. He clearly shows with this statement that he did not study DRK before commenting, because with DRK, the 1k deposit IS NOT to mix, but its PoS. A Masternode never knows who sends coins. Even if bad actor managed to get into a node. They wouldn't even be able to steal the 1k because they're in cold storage. It is impermeable to 51% attacks, the only way to "crack" the network is to own 100% of the Masternode network. Its ridiculously brilliant, the concept. And working ace in testnet. Only time can judge out opinions

 Lets see what he has to say AFTER he actually looks at the code.

 With the huge amount of shitcoins flying around, no wonder he rushed to that conclusion. At first sight, indeed DRK looks centralised. Kristov Atlas expressed interest in looking at the code, he's surely next.

 Anyone vetted XC yet, or at least showed interest?