Bitsta deleted my post linking to my negative coin review, so I made this unmoderated thread.
My review in full is here:
https://github.com/Earlz/coinreviews/blob/master/rootcoin.txtFirst topic of discussion can be the purposeful instamine. Basically, the difficulty adjustment is changed so that the first 450 blocks were minimum difficulty, meaning they got mined extremely quickly.
Second topic can be the actual premining of about 115 blocks. You can verify this yourself by checking the timestamps on blocks 2-115 using ssdpools(terrible) block explorer, or checking using the debug window, and comparing to when he announced the launch of the coin (August 23, 2014, 01:09:49 AM UTC).
For reference, me and bitsta talked a bit in #bittrex IRC about it. If you'd like to see his side as well:
http://pastebin.com/2zrfGH3Jthats right. +100 blocks were mined at the offical pool. the rest wasn't mined by me. It was a instamine. but not by me nor any other teammember.
So there were about 38k ROOTs instamined by some lucky miners. well. good luck to them. they sure already dumped at me, or sold me the coins during my ROOT-buybacks.
As for the disabled difficulty during the first 450 PoW blocks. This coin, is like EVERY (or most) other altcoin, forked form a previous project. I already
forked the codebase again to my github-repo to prevent it from beeing deleted. So that proofes that the diff WAS NOT disabled by me. Though i should ve checked the getnexttargetreq() function properly which i haven't done. This means there was a or some lucky miner/s at the beginning. Holding 38k ROOT like posted above.
cheers,
bitsta
