So, anyone got an idea as to how the POS algo can be checked. Or the whole code.
Blindly trusting the dev is really an issue.
I am not saying that anything is wrong. What I am saying though is, that the current state of Qora leaves a lot of serious attack vectors open.
I am aware that showing the source will lead to a clonefest. But maybe there is another way to have the code checked without it excaping into the wild.
This is a valid and important question. Something can walk like a duck, and quack like a duck, and yet not be a duck. We all know that Qora can do the basics - send/receive funds, register/buy/sell an alias, etc - but as a community we have zero proof that it is a crypto currency in the normal sense. It's likely that some people have examined the obfuscated code, either to find attack vectors or to satisfy themselves that it is a sound investment, but if so the results aren't being shared.
It's fine to have faith in the dev to a certain point, and those who were involved in the IPO (myself included) have struck lucky in the sense that he appears to have delivered the goods. But outside investors putting in their hard earned money will be put off by this "black box" coin, as will the enterprising individuals who will need to build the surrounding services that are required if Qora is to be a success. If I had no Qora, I wouldn't buy 50 million at today's prices with today's information (although I would buy a lesser amount).
I also understand the concerns about open sourcing the code leading to it being cloned. Nxt (whose code was never obfuscated) managed a staged release of the code, an approach which worked well. Can we do the same?
I would ask the dev to release a white paper describing the Qora design, in particular the PoS algorithm, the crypto aspects, and P2P aspects, and any other aspects that are innovative or unique to Qora. Can be brief, nothing fancy. Can be written and edited by a trusted forum member after a short Q&A session with the dev, if he's short on time and busy with coding. This won't help those building clones in any way (it's only the design, not the implementation), but it would go some way towards getting Qora accepted in the wider community.
Some extensive Q&A might be a good point to start at. Though, going about and gathering questions for a while is something needed to be done first. There's no sense in bombarding Qora with a stream of senseless and repetitive questions.
What would also be an interesting vector to approach the whole situation, is taking the cryptpgraphic part of the code only and release it. The part of the code that makes sure the data stored is actually secure.
The POS might be new but I see it as the minor problem as long as it doesn't offer any advantages for specific groups of users.
Also, from a lot of the replies here I start to understand why it is so incredible easy to make money in the crypto world.
Edit:
What a lot of people here obviously don't realize is, that Qora (as well as NXT) are startups. These are not currencies. They are very similar to ripple. And that "coin" has hell of a code. A real masterpiece. But they made some terrible mistakes on the way. Obviously crypto world does not accept premine. Not the tiniest bit. (As long as it is not served in a nice wrapper)
Currently a lot of people here at the Qora crowd seem to rely mostly on the "greater dumb" theory. If I come from the outside, why should I buy this coin? I don't hear any reasons but apple logic. Only this is not apple.
If I'm interested in investing and don't want to just blindly throw money at something, where can questions like
Is there a plan? Is this even legit? Where can I get all the info I need?
be answered?
Give it shot, would you.