Quote from: badon420 on June 25, 2014, 09:20:13 PM

Quote from: razorisascam on June 25, 2014, 08:22:17 PM

Quote

From the bitcointalk ANN:

Max Coins: 2,000,000 (2 Million) Block reward: 100 Halving: every 10,000 blocks
In the code it has 2bn coins and the block halving resets every once back the beginning.
PROOF (if they take it down, look at one of the forks)

From https://github.com/razor-coin/razor
main.h:-

Code:

static const int64 MAX_MONEY = 2000000000 * COIN;

main.cpp:-

Code:

int64 static GetBlockValue(int nHeight, int64 nFees) { int64 nSubsidy = 100 * COIN;
int64 nSubsidyHalvingInterval = 10000;
int halvings = nHeight / nSubsidyHalvingInterval;
nSubsidy >>= halvings;

return nSubsidy + nFees;
}

Explanation: reward starts at 100 coins per block. after 10000 blocks, cut the current reward in half using bitshifting. Bit bit shifts wrap around so when it run out of bits resets to the beginning and so rewards go back to 100 coins per block. And because MAX_MONEY is set to 2bn and not 2m razorcoin will continue to mine more coins over and over again.

This is not a mistake because if you look at the source history, the coin is a fork from neutrinocoin and you can specifically see the code changes made here https://github.com/razor-coin/razor/commit/82ed7cd0dc91d7044fef864e29bc2cac8b484065 (again look at a fork if they take this down).
Bryce Weiner is behind the con http://whois.domaintools.com/razorco.in if he changes it you can see from the (whois history) and appears in the list of "achievements" at blocktech.com which seems to be a front.

STAY AWAY, this is a deliberate scam claiming scarcity and yet clever hiding a scam in the code.

That picture really says it all lol.

Seems like one less junk alt coin to deal with.