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rootcoin.txt
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rootcoin.txt
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rootcoin https://bitcointalk.org/index.php?topic=714793.0
Heritage: very similar to bitstar, MNT
Problems:
* MINOR: genesis seed is not a news event
* MAJOR: The first 450 PoW blocks had difficulty adjustment purposefully disabled, and as such about 500 blocks were mined 4 minutes after launch
* MAJOR: Along with an instamine was some good ol' fashioned premining that started about 10 minutes before launch. At least 2 solominers and a pool
** 500 blocks being practically premined out of 10,000 PoW blocks is really bad
* MODERATE: "total coins" is not 3 million. Inappropriate assumption of MAX_MONEY
On blockchain:
blocks mined at premine time: 3 (ie, 2 extra blocks were mined)
blocks mined before launch, but after premine: 4-115 (from 00:00:58 to 01:09:39)
Addresses which hold the illegitimate premine: (notice, the pool with 1.5% fees) (there may be more addresses than this)
RSGFEiPfkjyFRKU31Q6TdYTMSo2gLhd623
RSmMJGDCXeP2wGCTJn74js1s5VcNqbjpg6
Recipients
Address Amount (Root)
RSXCxbLxANhPEJsDZ38etJAgGs2dC45W8W 97.51500000
RB7C7WYdoUP2bXn3GJGWeijsLbVehJiieq 1.48500000
I don't usually dig into author history, but he also launched distrocoin
Interestingly enough has done a review like this of shibecoin some time back https://bitcointalk.org/index.php?topic=595767.msg6572374#msg6572374
Notes:
This means the first 450 blocks are immune to difficulty adjustment, and so will be instamined:
@@ -1048,14 +1033,18 @@ unsigned int GetNextTargetRequired(const CBlockIndex* pindexLast, bool fProofOfS
const CBlockIndex* pindexPrevPrev = GetLastBlockIndex(pindexPrev->pprev, fProofOfStake);
if (pindexPrevPrev->pprev == NULL)
return bnTargetLimit.GetCompact(); // second block
+ if (pindexLast->nHeight < 450)
+ return bnTargetLimit.GetCompact();
lol wut (circulation_money is never referenced)
static const int64 MAX_MONEY = 3000000ULL * COIN; // 3 million total ROOT
static const int64 CIRCULATION_MONEY = MAX_MONEY;
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Ignore
Re: [PRE-ANN] RootCoin [ROOT] - ANON-tx using BitKey™- PoW/PoS + Proof of Investment
August 23, 2014, 01:09:49 AM
Reply with quote #574
LAUNCHED
we will release a status update and great news in about 2h.
stay tuned!
ssdpool's block explorer sucks shit. It had might as well not be called a block explorer. and my local block explorer isn't powerful enough yet to trace out these addresses
990 000 max coins mined from PoW
44 550 coins instamined and/or premined
1 600 000 premine (for PoI)
Watermarks: uint64 (with pos)