ANALYSIS-REPORT: SHIBECOINby bitsta, ra1nb0wdash & goldmann
dear shibe-community,
you maybe already know me or bitsta from the asiacoin-thread. it was us who detected
the asiacoin-scam. we got a lot of messages from SHIBE-users regarding an analysis of SHIBE.
well as there seems to be a huge interest in this coin, we have made a detailed analysis-report which
is going to be published on our new coming coinanalysis-website. This is the short report:we have finished the analysis of shibecoin which consisted of:- hex debug (analysis of memory hops)
- analysis of data/networkcommunication
- analysis of sourcecodes
- analysis of blockchain
- setting up an 3rd party blockexplorer: http://blockexplorer.uni.me
1. hex debug: analysing the memory-hops/hex debug of shibecoin-qt on windows & OSX 10.9.2
showed ordinary processcommunication with memory.
2. analysis of data/networkcommunication:the seednodes are beeing requested form the seednode which is
hardcoded into the wallet. there is no other "hidden" communication
except the std. walletcommunication.
// DNS seeds
// Each pair gives a source name and a seed name.
// The first name is used as information source for addrman.
// The second name should resolve to a list of seed addresses.
static const char *strDNSSeed[][2] = {
{"levitation", "levitation.theshibecoin.com"},
{"magnetic", "magnetic.theshibecoin.com"},
{"testnetfield", "testnetfield.theshibecoin.com"},
};
3. analysis of sourcecodes:sourcecodes are clean and we can confirm that there are no hidden codes
or "edited" functions:
getinfo --> moneysupply is beeing requested by function ValueFromAmount();
obj.push_back(Pair("moneysupply", ValueFromAmount(pindexBest->nMoneySupply)));
ValueFromAmount() is clean:
Value ValueFromAmount(int64 amount)
{
return (double)amount (double)COIN;
}
we also checked all other rpcfunctions and can confirm that they are all clean.
4. analysis of blockchain:the analysis of the blockchain showed that all mined blocks contained the amounts
which are declared in the OP. No hidden "superblocks".
5. we set up an blockexplorer so you can make yourself sure everything is legit: http://blockexplorer.uni.me summary:
shibecoin is a 100% legit coin. there was a small instamine, but thats totally normal nowadays because some pools with huge miningpower start at low diff and therefore get a lot of blocks. there is a fair distribution of the coins over the network. we will release a TOP 100 list in the next few days.
tips appreciated:
SV3eTFiVnuN478ESbjnA7WDQejcag3LFFa No mention that the coin was ninja launched and close to 50 blocks (with the highest rewards) were insta-mined BEFORE the announcement was made. That is NOT 'normal nowadays'. Normally the coins with the lowest diff at the start go to solo-miners that get setup the quickest and NOT pools like this suggests. Pools usually take at least a couple of minutes AFTER the coin is released and that is with an announcement made well in advance, not a ninja launch like this was. Many coins will also start with the lowest block rewards at the start to avoid insta-mining, this is the opposite of what this coin has done. The insta-mining on this coin began BEFORE and after the announcement was made.
Which make this a 100% insta-mine SCAM coin with the largest rewards going to the 50 blocks mined BEFORE the release.
The 50 blocks that were mined before the announcement was made contained the highest rewards and amounted to 6,250,000 coins out of the total of 252,500,000 mined during the PoW stage. That equals 2.5% of the PoW coin total + an additional 1,500,000 coins from the announced 0.5% premine.
8,750,000 coins were mined BEFORE the announcement was even made..
