Bitcoin Forum

IconicExpert just got me banned from CoinBlab. After supporting -and investing- in his Bytecent project and trying to, privately and publicly, help in many ways,
I became naturally critic of the disaster that the launching of Byutecent has become:

After trying to turn the low participation in its ICO, in which he offered for sale 3 million coins at 50k sat each and sold just under 160k, into a positive given the small amount of coins that would be available -therefore potentially increasing the price of the coin in the market-, the supposedly innovative and certainly restricted mining period started. 1440 coins is almost 1% of 160,000 coins, which is high for a daily rate, but nothing particularly notorious as far as inflation go... problem is that the mining started and only a few hours into it, there's almost 16,000 coins already mined instead. Instamined, as it were. This happening, simultaneously, with massive complains from downloaders of the Windows wallets unable to get their wallets to mine at all... even after a supposed "fix" (Mind you, this is the project in which, in IE's own words, you wouldn't "need a degree in computer sciences to install the wallet"... Wow.

Iconic had stated, many, MANY times, that 1440 coins would be the maximum mined coins daily. Not approximately. Not after some period of "normalization". Not in ANY case. Obviously, IconicExplorer lied. So, by the first 24 hours of Bytecent on its mining period, the coin will have around 200,000 coins available, having diluted the price by at least 20%.

I -and others- suggested to IE to relaunch more appropriately -and fairly- or issue refunds. He refused. I and representing those others frustrated and unhappy with this absurd outcome, expect Bittrex to take matters in their own hands, as they are the escrow of the project, and make refunds available before this disaster hits the market since, obviously, IconicExpert is beyond convincing, be it because of his peculiar personality that lands him in trouble more often than not, be it because he is directly benefiting from the "instamine". I don't know which and, at this point, I don't care. I don't believe Bytecent is a scam -and that why I invested in it and supported it- but it is not, in my view, a viable project in its current state.

With IconicExpert being able to ban their critics -much like if it was a censored thread here in BTCT- much less.

Pity, because it could have been a very interesting project -it could still be- but IE insist in tainting it. Sad indeed.

I wonder how many people still think barabbas and IE are the same person now. This post proves that they are different people, or that IE is an even bigger moron than I thought.

Only very idiotic people ever believed that fallacy. But a couple remain to this day, which once again proves Einstein's concept of human stupidity, of course.

That is not nearly as important as the fact that, unless Bittrex does the right thing and issues refunds, investors in Bytecent -except for those few mining massively- are being robbed blind of a huge % of their investment... not necessarily by IE but robbed nonetheless.

I hope Bittrex does the right thing, but I don't have much confidence that they will. I'm afraid that Bittrex will choose profit over ethics. That has been their pattern in the past.

I understand Bittrex is a for profit endeavor but they will get their commission either way. I also hope they do the right thing. Those who want the refund should get it; those who don't, they'd go ahead. There's no lack of profit for Bittrex either way...

10% instamine already... in a few hours.

Amazing.

I sure hope Bittrex is watching...

As long as it is a closed source, then it will not be shocking if for example a GPU(s) is being used by that ie scammer for mining and leaving the others to mine using their CPU(s)

Bittrex appears to have suspended trading:
https://bittrex.com/Market/Index?MarketName=BTC-BYC

Did you expect anything less?  He's a known liar and thief.

It has never been open for trade yet so no suspension by Bittrex.

I don't know if IE is benefiting from this instamine of shorts therefore I don't want to entertain any conspiracy theory as of yet. I prefer to believe it is something that went out of his hands, not necessarily by design.

What troubles me enormously is that he will risk what's left of his credibility refusing to do the obvious right thing that is suspending the current launch and properly relaunch instead. Very troubling indeed.

I disagree, sorry. I don't believe he's a thief. He has an extreme egocentric personality that more often than not gets the better of him but I know he's not a thief. A liar, he obviously is, but not a thief in my opinion... and no, before you tell me that he stole from the BC people for the Wall Street event, I don't believe he did. He just refused to return the donations, which would have been an impossible task. And no, it is not the same thing. As far as I know -and it is becoming more and more difficult to believe him- he gave to charity not only all the donations but also some of his money too... which, as I have posted when I included him in my WALL OF SHAME, is not acceptable, but it isn't the same as stealing. Quite different in fact.

In any case, I don't believe he is stealing in Bytecent either, but, much like in the donations case, he's playing all the wrong -and unnecessary to boot- notes.

Why did he ban you then when you asked him legit questions and requested him make-sense requests concerning his coin?

He has made no secret of the fact that he believes any criticism should be silenced. That's why he launched Bytecent in CoinBlab instead of BTCT. He chooses to consider fud -like 90% of others, mind you- any criticism, regardless how legit.

I cannot rightfully fault him for this -beyond my ABSOLUTE opposition to ANY AND ALL kinds of censorship-, because the ultimately responsibility in the banning lies with the administrators of that place, CoinBlab, that for sure is going nowhere as soon as people realize that they act arbitrarily, like in this case. Everyone digs their own graves one way or another.

I doubt he controls it... but who's to know. I know he asked that I would be banned. And got it.

i agree what a mess that launch was. he was claiming it wasn't his fault that some people couldn't get their wallets syncing and even miner pool operaters couldn't get the wallet to mine. no to mention the difficulty retargeting was the problem as alot people even some that were able to mine were telling him. i think he knows it was a disaster but his ego wont let him admit it. if not that ,then he planned the whole thing. either way bittrex should do the right thing and refund or he should relaunch when he is sure everything is working right.

Ironically, while your investment in Bytecent is losing to the tune of 20-25% by early tomorrow, that same investment is not benefiting from the already 15% that the BTC you invested has gained in the last 7 days... If there's no refund, your losses, before it even starts to trade, would be enormous already. Not that the BTC rise is IE's "fault", but ironic and aggravating none the less.

IconicExpert is not exactly known for issuing refunds (https://bitcointalk.org/index.php?topic=645899).

So glad I didn't touch this coin in any way. Tainted meat.  ::)

Who would touch a closed source wallet?  :D

Barabbas aka IconicExpert

What a sly idea to FUD your own coin to prove a point that Barabbas isn't one of your shills?  :D :D :D

Also:


LoL thanks for the epic laugh. But Barabbas good to see you defending yourself..err, I mean,  IconicExpert.


You're not fooling anyone with half a brain buddy. :-*

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It would appear that, even before the "mining" disaster, IE had done a bit of instamine  himself, just a few thousand coins, though: 1 BYC per block was being mined before the official release of the wallet, up to block 3,109, at which time the total BYC balance was... well, of course 3,109. In block 3,110, the ICO sale coins were injected -or what was left to be mined of the ICO sale, because all that was also arbitrarily modified but in an acceptable, relatively transparent manner: Instead of having mined the 3 million coins he had offered for sale and have Bittrex destroying the non-sold ones, IE decided it was better to just mine the coins sold only instead... which leaves about 2,840,000 BYC more to be mined than originally promised, but since mining was supposed to rate at no more than 1440 BYC per day, it did not look like something worth paying too much attention to.

I'm sure IE has a perfectly good explanation for this... I read he will be making an announcement within a few hours... currently, the "instamine disaster", post release of the wallet, is quickly approaching 20% with the difficulty seemingly stuck at 5.99 and approximately 20 coins being mined per minute.

IE has several options... at this point all of them not very good but all of them but one could, maybe, salvage BYC. The one is, obviously, continuing with this madness as he has since yesterday refusing to correct it. Options:

1.- refund investors.
2.- cancel this disaster and relaunch.
3.- fork and destroy all coins mined.

If none of these are adopted immediately, Bittrex should act forcing the refund option.

Edit to add:

At 5:00am Pacific, difficulty has reached 6 but still blocks being mined at approximately 20 per minute and already 26,200 BYC have been mined = 16.375% of the total.

IPO / ICO / ITO pushed by gangs of corrupt scammers ?

and you expected what now ?

This does not even warrant digging into LOL

in some random poking around i ran into ByteCent coming up but i can't be bothered.. smarten up guys

up all made your bed now so be big boys and sleep in it !

you all collectively decided that it's ok to clone coins now with 100% premines on exchanges for MILLIONS of dollars
and when i started if even one guy tried to pull this IPO shenanigans he would have been laughed off the forum and black-listed in a heart beat !

you guys created this nasty putrid IPO monster now enjoy it.

i wouldn't spend my worst enemies money on those pump & dump IPO pyramid schemes.. then whine about it hahahha

ya.. it's IconExpert's fault LOL  ::)

You are assuming BYC is a scam scheme and -so far- that is quite far from proven truth. And no one is "whining" at all, only FACTS and EVENTS have been posted... along with SOLUTIONS. This could still easily be a viable and quite innovative project. I for one have great hopes it will. That's the whole purpose of the thread.

You are waging a different war and, quite frankly, right as you might be in some cases, your over proliferation and not very well expressed attacks of generalities, lack focus and, subsequently, effectiveness.

;D
Your post is funny at best and a bit pathetic.  ;D
Oh no, the scam I was participating in didn't work out the way I wanted  ;D
I was expecting to be able to dump on noobie buyers, but too many coin have been released before I had time to dump  ;D
poor you... I am sorry, but I don't feel sorry for you.
You support scam and shady practices, this is what happen in your idealistic "get rich quick" business model
You got what you deserved

lol barrabas. well played investing in your idol ico. well played indeed.

RIP

and he knew it was an IE coin and was familiar with IE's history the whole time :D

Ah the amount of stupidities and simple ignorance... oh well, to be expected. Old rehash of a distant past.

The coin has not even traded yet. It can go higher or lower it's ICO price. ICO investors may or may not profit, just like at the beginning. This is just information and suggestion of how to re-direct a launch gone bad... and giving the developer the benefit of the doubt until that benefit is proven undeserved. Nothing else.

But those so inclined can keep on dumping their hatred and overall stupidity any time, twice on Sunday, ok?

Also, have a look into the debug.log in %appdata%\bytecent
you will find that the wallet is actually querying primecoin's dns-seed.

Anything associated with IE should have been enough to tell you to stay away from this.  He's a crook, and the disaster that is BYTECENT just shows his true colors.  Hopefully this is the final nail in his coffin.  

He's a scammy douche.

And that means...?

3~4 months: distant past  ;D
1 year: prehistory
2 year: the creation of the universe...
where did you go to school ? your timeline is even shorter than the one of "young earth" creationist  ;D

Obviously at a place very distant from where you went. In crypto time lapses real fast nevertheless, regardless of the school one's attended.

That means that the wallet is actually a fork from primecoin's codebase, and the bytecent dev is either careless or incompetent to clean up the code properly.

Also, that might be the reason why the wallet is having difficulty finding nodes.

I think wolong should come back and make a new coin, this was so long ago panda, everybody has forgotten...
You have the right to take people for moron, but you should expect that not all will act as morons...

Incompetency would be my first guess... but I could be wrong. Thank you for clarifying.

Otherwise, 99.99% of all alts have identical origins,

you missed the point entirely..

you all keep upping the ante on scam coin antics.

all coin'z that are ipo'd are fucking scams period.

so how much BTC has IE made from his latest scam?

Hopefully enough to pay back what he stole from BlackCoin community.

I guess i should of posted my stuff here but I was just banned from IE's coinblab.com as well.  

Here is a link to the post I saved before i was banned.
https://bitcointalk.org/index.php?topic=851666.msg9520996#msg9520996


IE said he launched his coin FUD free or TROLL free but he is actually deleting honest concerns and banning them from his forum.

barabbas IS iconic express
He is crazy and has several personalities
Months ago he posted like ie but using the barabbas account in libertycoin thread. Many people saw it
This coin has several irreversible problems and wallet does not work.
Probably IE now going to disappear with the money from ico, leaving only Barabbas "the honest" to apply the next scam.

With what is posted and the self-immolation that IE has chosen to perform, it is more than enough. In my opinion, BYC is a dead project. Investors should contact Bittrex and demand a refund, there's no other option.

I cannot believe IE is stupid enough to pretend that the already almost 20% "mined" is not causing dilution. At that level of de-lusion, any reasoning is futile.

Except for the fact that some people have said it, what evidence do you have that would indicate that they are the same person.

I'm definitely against lying scammers like IE, and I'm not a big fan of barbaras either, but as long as lies and rumors are spread around here without regard to the evidence, nobody will know who to believe.

Actually that would make sense  ;D (don't know, don't care if true), but IE nickname is definitely burned this time and with "supporter" of bytecent saying things aren't ok, that also gives him also the possibility to let the coin die right away...

Then Barabbas by denouncing the other nickname, the owner might just want to save this one, so it can use it to promote or create other scam coins.
Keep that in mind if a Barabbas IPO coin comes out   ;D (or if he wants to create another IPO to save bytecent investors)

What??? It amazes me to see the lengths that people will go to justify an illogical opinion.

Who knows. Maybe I'm wrong. But like I said earlier, if they are the same person, IE is an even bigger moron than I thought.

If this is a ruse and they are in fact one person, it's a plan that was hatched months ago when IE was still in good standing with the Blackcoin community.

You have to understand you are dealing with people that is clinically, officially, retarded. From that point of view, it all would make a lot more sense.

Back to topic, though: Out of the blue and in the middle of the night, the wallet, that had not synced previously, started "working". No changes whatsoever. Same computer, same internet connection, no conf. changes at all... strange. And VERY shady.

Additionally, all blocks are supposed to be 1 BYC, but 31125 -I believe, citing by memory- went with 92 BYC... why? are there any more "irregular" blocks?
Not that it matters since this thing is quite done in my opinion.

I have also found out, via Twitter, that Bittrex asked Patrick Nosker, one of the devs of Vericoin, to take a look at the code of BYC. He posted on Twitter that he did not find anything irregular -or words to that effect-. Not that it is relevant since the problem with BYC has nothing to do with any irregularity in the code, but with a hidden and obviously beneficial for some, irregular mining that is diluting the value of the coin by a huge percentage already and will continue for some time diluting it, which is completely unacceptable. Bittrex, REFUND INVESTORS! And don't allow this disaster to go on. It will be dead in a week as it is anyway and this way at least you will maintain credibility with your customers.

Well over 20% diluted already. And going strong...

Amazing. Bittrex, stop this ridiculous madness!

actually I don't think bittrex should refund anybody on this one.
There were at least 3 threads warning people of the most probable outcome of this ICO.

So they all have been warned of the risk...

I've updated my post to add context to my messages. https://bitcointalk.org/index.php?topic=851666.msg9520996#msg9520996

Can anyone shed some light on how 156,793.0 BYC can be injected into the blockchain?  I'd really like to know the answer to this.  3109 blocks were mined at 1 block reward and on block 3110, 156,793.0 BYC were added to the coin count.  After looking at these blocks a bit more, it looks as though this part of the chain was being privately mined, stopped, coins added, and then public mining started.  There's minutes of time that past before the next block was mined. Is this right?

That is your opinion, of course. Everyone is warning of every ICO in many more than 3 threads and they, rightfully, have made refunds available to people that yet felt they had been conned, scammed or whatever you choose to call it.

In any case it would be to clean up their own house and not for the benefit of anyone, to issue the refund. They get their commissions anyway and everyone is satisfied. Those still -amazingly, there are some- in the project, will not cash their refunds and those who feel rightfully betrayed by the outrageous instamine, will get their money back and end of that part of the story. Any other outcome will cast a bad light on Bittrex... which needs such a thing as much as a pancreatic cancer, by the way.

Yes. And Bittrex did it for Blocknet... They should do it with Bytecent, too. I'm not invested, but Exchanges (and Investors) should set signs against all the shady ICOs.

But... mainly it's the stupidity of Investors. I don't understand why so many jump on those hypes.

I don't know how it is done or any other technicals, but IE posted that instead of having given Bittrex the 3 million coins promised in his offer statement, he had decided to just mine the amount of coins sold in the ICO instead. This, in itself, as I have posted, is quite deceiving since the 2,840,000 coins were to be destroyed by Bittrex after the ICO. Instead, IE, unilaterally and arbitrarily, decided to just mine the 160,000 coins sold, leaving those 2,840,000 to be mined as part of the 33 million total that the coin will ever had. No one made a fuss about the moving of the posts halfway through the game, because the influence of those added 2,840,000 coins, spread over at least 57 years, don't influence the project that much, but they DO influence it nonetheless. And the other chief reason, by far the main one, was the statement that under no circumstances the mined coins per day would ever exceed 1440 ... which we all know by now is a total lie by IE.

Additionally, I have already noticed that at least one block, last night, 31025 I believe -but citing by memory- mined 92 coins instead of the usual 1. So there are other irregularities going on already and, probably, more to come.

Yeah he lied and he willingly and knowingly launched BYC with the current difficulty allowing for more coins to be mined.  It wasn't just part of how the difficulty worked. "We had to start with a low difficulty to allow more coins to enter circulation, or it would have taken years before mining would have been "fair" for everyone. I did not mislead anyone or misrepresent the numbers."

You are correct on the irregularities.  I had seen some of that too.  There was a block last night with like 2.xx byc and another that was .xx byc.  I'd have to spend some time trying to find them.

A few minutes ago in his twitter:

IconicExpert ‏@IconicExpert  9m9 minutes ago
Some of you are unhappy with the start of mining and we hear you. So we are considering a relaunch to address your concerns. Stay tuned...

There's hope to reverse this mess. Awaiting developments, but it seems some sense has made through his skull... perhaps Bittrex's common sense?

Edit to add:

IconicExpert, of course there's a GOOD option, a fair one: Relaunch with everyone with working wallets AND -this is MOST IMPORTANT, because it eliminates the issue altogether-, an strictly enforced limit of a maximum of 1440 coins mined per day. Do that and the issue fully disappears and the project continues as expected and with everyone in it cheering the fairness of the decision. It's the right thing to do. Have always been the right thing to do.

I'm IconicExpert.  ;D

Bytecent ICO investors: So far, your investment has been diluted by 21.25%, more than 1/5. That means that money, regardless at what price the market determines it's exchange, has been taken away from your pockets by the disastrous, arbitrary, instamined launch. Demand from Bittrex a refund of that IconicExpert relaunches in a fair, level field.

Besides, if there's no relaunch, the project is as good as DOA. Very simple.

This is so amazing, really: Iconic's enormous ego is being stroked against doing the obvious right thing, by captcha-fillers that did not even invest any real money in the project.

Way to go IE...

man, I was there and I saw it.
You can believe or not, but I and many others know that Barabbas and iconic expert are the same schizophrenic

https://twitter.com/CryptoCobain/status/532613610435280896


LMAO

Another TERRIBLE mistake IE. And so predictable too: A vote? a vote, in order to be even remotely close to fair, would require that ONLY those community members who INVESTED in the ICO, voted. What are going to vote the captcha-fillers that haven't invested a rted cent in the project and now have several hundreds FREE coins, to relaunch? To issue a refund?

This is you, IconicExpert, pretending to validate your opinion with a vote that will be responded to, mainly, by people that have no investment whatsoever in the project... and that will dump their captcha-filled coins as soon as the market opens regardless of the price. It's a ridiculous charade, one more.

On a separate note, whose are those 2 wallets with 346 and 292 addresses respectively?

Clean this shit and do what you KNOW perfectly well is to do the right thing, or this project is DOA. Enough jerking off already.

And more lies IE: I just checked it and on average it mines 13 coins per minute, 30% MORE than what you just posted it is mining. This at 2:37 PM, Pacific

Soon it's time for the money shot!

The vote is not a fair vote.  There are plenty of people that have been banned from the site due to comments that have been labeled as trolling or fud.  Some of those comments are neither yet we remain banned and unable to cast a vote.

It isn't intended to be fair. It is intended to validate the fleecing of the investors and the personal opinion of IconicExpert that, as usual, is willfully unaware that he's performing his crypto harakiri.

I once thought this guy was intelligent... boy was I wrong on that count...

hes trying to prevent biitrex from offering a refund by having a relaunch

Sadly, there are just no limits to the cynicism of crypto these days - I was wondering how IE could possibly be satisfied with a "mere" 80BTC when he was gunning for 1500BTC. Should've guessed he was aiming for another way to get those BTC if the ICO launch didnt work out as planned. Would not be surprised if he had what you describe above as a backup of a backup of his original plan.

Crypto "noobs" are catching on to all these whale games - it's why so many have left the altcoin markets.

Who runs Coinblab? IE?

I don't think so. But whoever does, is quick to fill his requests since this is to me knowledge the first ICO launched with ANN thread over there and not on BTCT, so it amounts to the same thing. Again to my knowledge, none of the people banned there has done anything other than very comprehensibly and understandably, protest what were obvious, outrageous violations of the statement made by the dev (IE) in it's ICO offer.

I still believe he was trying to make his money mostly the old fashioned way: Earning it by investing (maybe part or all of those 80 BTC) nin the project, work on it, lead it and making in a success. I must be quite naive...

Not only that: I still think that is exactly what he'll do ... if he can put aside his disproportionate ego and concentrate on doing what is fair and right. I believe a relaunch is a very viable option and I believe that everyone that invested in the project will remain invested in it if he does it fairly and transparently. He may need another night to come to the inevitable conclusion though.

Then again, I am naive and believe most people are honest -except in crypto- by nature...

Or trying to cause a diversion from Blocknet ?

Paranoia ?

Want to see my PM's showing endlessly diversion lure bait attempts since OCT 31st ?

funny these guys crying Troll and FUD are running around Trolling and lying and playing games non stop.

h y p o c r i t e s ..to the highest order !

Uh?!?!?! Blocknet??? This is a very, very small project with a total of 80 BTC raised and probably some of it coming from IE's pockets... how could it be any distraction from Blocknet which is the biggest ICO of the last few weeks and involves a lot of crypto-experts and 100s of investors, fudders, shills, trolls, etc?

Me thinks you should try to lay low on the meds at this stage...

this is real iconic expert coin https://bitcointalk.org/index.php?topic=710215.0

That is epic!

was that intended to be smart ?

do i really have to explain ? wow i hope your playing dumb with me .. i really do

it could be a single cent but if it creates a diversion then they succeeded ;)

want to see the diversion attempts i have got in the last week or two ? prob a good 50 PM's or so hahahha
go after this coin.. no go after that coin.. go get 'em !!!
noooooon stop  ::)

i never PM anyone ever but i have 100's of them and if people want to see them i will copy out every one of them and post them somewhere.
you can see ALL the massive amount of Trolling and diversion attempts and misc threats, from countless lawsuit threats to raising funds to hire a hitman to get me LOL
and who is sending them all ?
all you guys playing innocent little angel ?
i didn't send them to myself guys LOL

Are you implying I send you PMs? Or are you implying I am somehow supporting Blocknet?

It it weren't for the implication in the second of those two crooks, Metcalf and his PR South African guy, I would not be interested in that -or XC- at all. And knowing that those two are at the center of the controversy puts me somewhere on THE OTHER SIDE, get that, or the meds blurry your mind completely? In other words, I dont give a fuck about blocknet, ok?

And much, much less even about who the fuck could be so disturbed as to send you PMs. Alright?

I am not spelling it out for you yet again..
and ease up on the med's bullshit it links you to other accounts eh ;)
oh and it's not true i don't take med's, never have, although i have had an assessment before and found to have perfect mental health :)

the only good conspiracies are mine !

this one is NOT Spoetnik approved.

the evidence i seen so far on here is pretty weak.. so my original point is your trying to make something out of nothing.
disaster ? really ?

you talk about med's so much it makes me wonder where you keep getting that idea from hmmmmm ?

OK, one more time because I read the people at CoinBlab, some, besides the captcha-fillers, are still unclear about why BYTECENT is doomed unless it is relaunched or a refund option is issued:

1.- The offer stated clearly, very very clearly, that 3 million coins were offered AND that the one not sold would be destroyed by Bittrez prior to releasing the ICO funds to the developers. Is that clear? OK, here's the CHANGED REALITY:

IconicExpert, unilaterally and arbitrarily, decided that no mining was necessary and until block 3110 did not mine the 156,000 BYCs that had sold in the ICO (the other 3-0dd thousand he had mined before at the usual rate of 1 BYC by block. THEREFORE AND THIS IS VERY IMPORTANT, 2 million 8 hundred and 40 thousand coins, that would have been destroyed according to the original offer, remain having augmented the total number of coins to ever be in the coin that, after destroying those 2.84 million, would have been 31.16 million instead of 33 million as it is now.

2.- Also clearly stated in the offer was the assertion that NO MORE THAN A MAXIMUM OF 1440 BYC will be mined daily. No "ifs", no "buts". Clear as clear water. Here's the CHANGED REALITY:

Instead, in about 30 hours, a total of 40,000 -that is FORTY THOUSAND- ADDITIONAL coins have been mined... with many more to come in the next few days. Those 40,000 coins have already diluted ANY value BYC may have, by 25%. Most of those 40,000 coins, I should add, have been mined by people filling up capchas initially, meaning the price they have paid for those coins is ZERO or near zero -only the computers electricity costs-, therefore they will be DUMPED on the market immediately after opening for any price they can get is 100% profit, taking the price to the ground and, de facto, killing the coin.

All of that is without taking into consideration that the wallets weren't working and that most weren't able to mine -and some still aren't- which makes the launch beyond irreparably unfair, especially for people that had actually paid for theirt investment with cold, hard cash.

There are, I would repeat, several FAIR options that would benefit any chances of survival of the coin: Relaunch, issuance of refunds and a combination of both. Anything else is just unacceptable.

Now, IconicExpert has decided to put the decision theoretically to "the community" on CoinBlab... FACT is that there's no such a thing as a BYC community there: It is a censored place and many of us, investors in the coin, are banned by request of Iconic and, of course, we are unable to vote. But even if we were allowed, the voting is utterly absurd since most of the people voting and present there have to skin in the game, meaning they have not invested a single cent in the BYC ICO and they are only hanging by dear desperation to make their mined coins at ZERO cost worth anything is they simply support what the ego (and maybe other interest of the financial kind too) has already chosen to do.

Bittrex, please put and end to the madness of this guy and force him to do the right thing, which is issue refunds to those that feel deceived by the lies and false promises made by IconicExpert. There's simply no other way to end this disaster well.

 

33 BTC volume on Bittrex and market suspended...what sort of mad person would give IE their money so confused  :o

did you try contacting any Bittrex staff ?

@hiddensphinx
the majority of guys..
i have said all along, it does not matter who "scammer" or what "scam coin" ..if guys think it will make them a profit they scream, Take my money !
then this crap continues to implode because of that cancerous greedy vulture mentality..

Bittrex staff is fully aware of the situation and most likely behind the current situation in which IE has to make a decision to clean up the sjit, forced by Bittrex. I think that is what's going on -or I like to think it is, we'll all soon find out the outcome, that's for sure.

In regards to the matter of "giving money" to IE or anyone else, if we are talking pretensions and euphemisms we will never address the subject: Everyone, everyone no exceptions, is in crypto, investing their money, a lot or a bit, with one purpose and one purpose only: To make lots of profits and get rich quick. Period. No exceptions. The rest is just plain bullshit, I don't care where it comes from.

That established, there are degrees of commonly called ethics to go about it. In most cases, in crypto, there are no ethics whatsoever. None. We have had recently the clear cases of Prometheus, Dan Metcalf and his PR guy from South Africa, ranging from total crooks -according top the common (and LEGAL) values established in the real world, of course- that routinely do things that would have landed them in jail in the real world long ago and for a long time... and getting away with it with a more or less tarnished credibility, that's all they will lose, worse case scenario, while the skim millions out of unsuspecting or just naive folks.

The case of IE is  very peculiar for the guy is NOT, I repeat, is NOT, a scammer. I happen to know that he isn't. At all. It's just a guy with a very peculiar, extraordinarily egocentric personality and a quick temper, affected of several psico/socio syndromes that I am not qualified to determine but that result in an individual, with some brilliant ideas that time and time again he bombards in a self-destructive and very reiterative modus operandi. He's simply unable to admit that he has done something wrong. or inappropriate. Regardless how evident. Oh he will admit it if it is so evident as a typo, for instance, BUT with an immediate excuse/justification. That will apply to absolutely everything he does or proposes , regardless of the level of the mistake. He's simply incapable of say Yes, I did this wrong, period. There's always some third party (or parties) that provoked his mistake, no matter how many times repeated. He will admit to his volatile, egocentric and irascible personality alright, but will never adhere to any of those sole responsibility for anything. Ever.

I was a very ardent critic of IE when he was trying to manipulate the markets at BC and found -and posted to that effect- his proposed Wall Street Event  both counterproductive for BC and extremely unethical, in spite of which -and some rather heated confrontations that are available in the reopened BC thread here in BTCT-, many greedy BC community members send him donations galore to reach around $4,000 of the $11,000 he had budgeted the event at.
Then things took a turn and all of a sudden, IE did a turnaround when not supported by the devs of BC and left the event hanging. Meanwhile, he had received donations in BC, BTC and other cryptos, often from exchanges. From many people. Returning them presented quite a nightmare in time and even in making it possible at all for it was impossible to corroborate the wallet addresses from the exchanges so IE, once again, opted for a "solution" he made certain no one would like: He would not return them, or give to the Foundation; he would, in turn, give the money to charity and add to the donation a personal one --supposedly to wash the tax benefit that the charity donation would bring. So I know he did not scammed the BC donors... but he did not do something entirely acceptable with their donations either. Furthermore, he made the decision arbitrarily and unilaterally, in typical IE fashion, leaving pretty much everyone justifiably pissed off and reaping the "benefit" of a reputation forever tarnished. Adding to all those circumstances the fact that he is a black person, apparently quite successful in his business dealing in the real world, the obviously racist hatred awaken in some of his "critics" has become quite venomous and completely detached from any responsibilities IE may or may not have had regarding the unreturned donations.

That's the REAL story that I lived quite closely. And that's how I know he is a bunch of things, some quite regrettable, but not a scammer. (I have to add here that I don't have corroboration or proof that he actually carried out the charity donation, but that was the decision he took at the time. Whether the donation was carried out I do not know for sure).

Fast forward to this project, BYC. It is a VERY GOOD project that because IE is the developer, was bound to have a very poor initial reception. Like it did. But it was going to be a significant success, in my personal opinion, because it was supposed to be clean, transparent, accessible and FAIR, among other things new to crypto, like easy mining and use in actually buying real world things and services. As we all know, it didn't turn out that way after launching, because, astoundingly, IE allowed the outrageous mining of 1/4 of the total coins in a period of just over 24 hours instead of the maximum he had promised of 1440 per day. And, as usual in IE by now, not only defending it as "something that happens to all coins on launch", but trying to keep it by all kinds of lies and fixed-up polling of "the community" ... again unable to admit he had made a huge mistake, one that will probably finish his future in crypto for good, and correct it while the correcting is good. And, fortunately, he still has at least two viable options to turn the ship in the right direction. Will he do it or will he, as he usually does, allow his egocentrism to destroy, again, his project and with it his future in crypto? We will see quite soon.

Now back to your chosen state of hatred, stereotyping or otherwise modifying reality to suit your personal agendas, everyone...

;D
I see, so he is not a scammer, he just takes people money and doesn't give it back  ;D

I am pretty sure we can say the exact same thing, regarding the mintpal debacle... they didn't want to take away btc, it was just too difficult to give them back  ;D

If it is you defending him... well stop, you're not helping  ;D

ps: don't have an agenda... except cleaning crypto or at least having it, in the same state I found it, when I joined in January...

Hey Iconic Expert..

How do you look in the mirror and live with yourself day to day?

So sad...So pathetic.

Thanks for clarifying why you will never admit that IE posted with Barbapapa account

I was actually consdering buying some of this coin, sure glad I didn't...wow.

This IE person just keep rolling himself in the mud, sounds like a failboat to me.

Bitbay thats what you want people
 ;D ;D ;D

All of the above, and the fact that captchamining is easy to bypass. (The biggest feature of the coin). Relaunch or refund buy wall is the only option here.

You may choose to believe differently but there is a BIG difference. And you know it: It was de facto IMPOSSIBLE to return the donations to the donors, you do understand that, don't you? You know, people sending donations from account in exchanges that are impossible to locate?

If you take this as me defending him, you have bigger problems than an agenda or misunderstanding: I put him in THE WALL OF SHAME for not returning the money, NOT to the donors but to the community either through the foundation or though some escrow. That was is and always would be unacceptable... does that sound like a defense? Furthermore, I only know of his original intention of giving the money to charity, I don't have corroboration of that actually happening which is the opposite of defense.

Even furthermore, I believe what he is doing so far regarding BYC is a mess (but NOT a scam, unless there's something else not yet apparent) and a mess created by him and his plain, vain stupidity, totally unnecessary and of which he is 100% guilty. Does than sound to you as a defense? If he doesn't refund or relaunch, he's done in crypto and, as Christopher Bouzy a lot of people from now on is going to be very wary of entering in any kind of relationship with him, so it goes way beyond crypto. Does that sound like a defense of his outrageous antics?

But he hasn't scammed anyone just yet. And that is bot only not a defense but a clear statement of facts.

Just like it is outrageous pretending otherwise, like you and a few others do.

And I am done with this side of the subject. Enough of engaging retards.

http://coinblab.com/forums/topic/67/-/view/post_id/669

Bittrex will have a buy back...
Tell your buddies at conblab that we were right and they need to reinstate our banned accounts.


IE's PoM was total BS!


IE tries to tell his people that BYC was not instamined...

From what I was reading the miner creates a ton of different address to mine to.  This makes it look like coins are spread to hundreds and hundreds of people.  The explorer says there are 29,573 addresses holding the 203,000 BYC.  Nearly 30k address!?!?  From block 3111 to block 4109, BYC had a block reward of .01BYC.  For 1000 blocks BYC was mined with a small reward but that means NOTHING if you allowed us to mine over 20 bitcoins in the first 24 hours.  These misrepresented details allow IE to claim that BYC was not instamined.  That's simply a lie and if it was any other coin than his, I'd bet he'd tell you otherwise.

Let's take a look at the explorer and prove my point.  Look at the rich list https://chainz.cryptoid.info/byc/#!wallets  

Here's a rich list wallet: https://chainz.cryptoid.info/byc/block.dws?47087.htm.
after shuffling through the transfers, here's another: https://chainz.cryptoid.info/byc/block.dws?20028.htm

Look at all the 1 byc that have been mined and transferred to the 1 address.  Forget the address and how things are mine.  The only thing that matters is...

20+ bitcoins mined in the first 24 hours is an instamine!  There should have only been .7218 +/- bitcoins mined (@ .0005 sats) per day.  No matter how IE wants to spin it, the facts are what they are.  Shadiness is strong with this one.

In general I agree, but it is a matter of semantics only unless proven otherwise: Only question here is: Has IE benefited from the over 43,000 BYC mined in the first 36 hours? If he really wants to come clean -and I believe he does- he has to show that he hasn't, that's all.

Otherwise, by will or forced by Bittrex he has done the right thing, finally, as I hoped he would. He should have made this decision within MINUTES, instead of all this self-destructive brouahaha that is his unfortunate trade mark. I told him, within minutes, the problem AND THE SOLUTION. As usual, he "knew better". Got a lot of people angry, lost the real support of investors like me that were behind the project and is left, sadly, with a bunch of capcha-fillers with no money than will sink BYC the moment it starts trading and drive it to oblivion. What an opportunity wasted!

Anyway Iconic, I believed in the project and through advice and financial support, I tried to help YOU. Instead of appreciating it and valuing it and acting on it for YOUR BENEFIT, primarily, you, as usual, chose to play the ridiculous part of lying and negating the evident or pretending that you did not offer what it was written you offered and everyone was guilty of not understanding. Your usual trade-mark play-victim behavior that has destructed all your credibility... even when, ultimately, doing the right things or what you perceive it is the closest you can get to the right thing. Happened with the Wall Street event affair, with the Libertycoin one and now with this mess.

There's no future on betting on you, sorry.

Ah one more thing: As it is your habit, you also deny responsibility in having people with more than legitimate concerns banned from CoinBlab. You KNOW this is not true and we have been banned AT YOUR REQUEST. Not that I give a flying fuck for the site but, for once, fucking MAN UP, admit responsibility and have everyone's account reinstated, ok?

Ah delusions... IE's just posted he believes "...more people will buy (above 50k sat) than will sell into the wall (at 50k sat)". Ok IE, once again, you are going to get religion... and pay the price for not HAVING DONE, IMMEDIATELY, WHAT YOU ENDED UP (BEING FORCED TO) DO. I can give you a forecast and see, in a few hours, who get closer to the reality... not that it will achieve nothing for you will always "know better": A lot of people is going to want and get their money back. A lot of those 80BTC you sold under false premises. And a very few people, extremely few, are going to buy a bit of BYC.

You are going to be left with your only constituency: The dozens of captcha-fillers with no money whatsoever that you insisted in making "the BYC community". You had a golden opportunity of not only increase your credibility and have a very successful (and profitable) crypto project but also bring in the support of serious members of the crypto community. Instead, you chose to try to please the captcha-fillers and ruin what was left of your credibility (which was very little, after so many self-destructive activities in the past). But, of course, you  STILL "know better".

Like I said, you are about to get some more religion; I'll remind you tomorrow when the entire deal is done.

Yeah that's too bad. I listened to the podcast and found it pretty interesting.

Hey all,


   Sorry for the delay in an official response, please see https://bittrex.zendesk.com/hc/en-us/articles/203610470-ByteCent-Next-Steps

Thanks,

Ryan @ Bittrex

Thank you Ryan for doing the right thing.

Maybe Vericoin isn't as bad as you thought when compared to all these Instamines, scams, and just complete messes in crypto, huh Barb?  And with the Vericoin Supernet wallet going to come out and Freemarket working and SuperNET ahead of schedule, there may be a ripe situation for a Phoenix to rise from the ashes. ;)
http://nxter.org/supernet-newsletter-6/

I haven't been able to sync the wallet ever. My ICO investment is losing value every day. Guys are claiming to have mined over 600 in one day. How is that fair. Supposed to be 1440 in total amongst all miners. So disappointed.

you will be able to at least get your ico investment back if you choose to. i was in the same position as you my wallet never synced either. they were able to mine in one day for almost free what i paid for in the ico.

This was indeed a mess. But I am sorry the Vericoin comparison doesn't apply. This was going in the RIGHT direction while Vericoin is going, clearly, in the WRONGEST direction possible. James has lost his marbles there. As a matter of fact, after doubling it in price upon arrival and for just a couple of days, the coin has lost 80% of its price since that mini-high. And going south.

I really cant understand how they let this happen, with the entire market clearly telling them -and James- that they are on the wrong path. The decentralized cloud nonsense is not only absurdly obsolete and unnecessary but also a magnet for the authorities to shot it down and start arresting people. Why continue on that damned path? Beast me. But the market (and the rats that are starting to jump ship every day in bigger numbers), are sending the clearest signals.

That said, I have a few order in the mid to high 3s that I expect to get filled very soon, maybe even tonight. That's where part of my intended investment  in BYC is going... not because I believe VRC has a future, it doesn't but because, in the mid/high 3s I believe it can have a nice rebound and if I am very lucky, I will be able to pocket and easy 30% gain.

Unless there's a 180% turn around, that duck is dead.

On with BYTECENT...

I have no further "beef" with this coin since the right thing was done by offering unsatisfied investors -and with good reason- a refund. That's doing things right.

Now, the "mess" seems to continue in the mining of the coin: It is supposed to mine 1BYC per block, as advertised. Well, it doesn't. There are MANY block that mine more than 1 BYC. Way more, in fact. Some a lot more than 1 BYC.

I have been looking sporadically since I just have a passing interest in the coin, but I have seen how "irregular" the mining is even now that it is supposed to be "stabilized". Have you check blocks #s 68138, 68154, 68179, 68196 and 68206, for instance. Well do. And you will discover that, quite frequently actually, some people are mining blocks that are way more profitable than the ones you are mining at 1BYC per block.

Obvious SCAM.

I heard its was a algo issue. I never bought any nor will I but I did follow to see if it was a real scam. Seems not more a broken algo or block height issue. They can just shorten the mining end time so it still generates the same or near same total of coins it was intended.

Ffs Barabbas, why on earth are you trying to make a distinction between IE's lying and scamming?
He lies to facilitate his scamming. That's it.
Also, that charitable contribution excuse is hogwash - and you know it.
If he really did donate the money to charity, do you think he wouldn't have plastered the receipt everywhere between Hoboken and Timbuktu?
The man's a narcissistic sociopath (http://www.wisegeekhealth.com/what-is-a-narcissistic-sociopath.htm).

Are you f***ing joking!! Those are the coins sent from one addresss to another! They are added to the transaction of mined block (1BYC). Examine more carefully in the block explorer. You can generate such "irregular" blocks yourself simly by sending xx coins from one wallet to another. Either you were sleepy when writing that post or just a weak FUD attempt  ;)

I am still undecided about this thread...
Is it a promotional thread for bytecent,
a thread to bash bytecent (this one can be excluded)
or just some attempt to manipulate the price of this scam

OK, that seems simple enough an explanation... except that there are not enough coins, ANYWHERE, to "explain away" such a thing. Block # 68900 is 111,942 and change BYC. NO ONE but Bittrex has even a 10% of that amount. Block # 69838 is almost 93,000 BYC...

Like I said, there's probably a very simply, innocent explanation to this, but you haven't come even close to provide it.

I can though -I believe- explain why 12 hours ago the outstanding number of BYC was at 226K count and now it stands at less than 215K. Irregular, as it is, it seems to be due to the destroying of the coins that were tendered and refunded by Bittrex. Why that happens so long after the transactions took place, simply eludes me. I know that those coins have been mining a significant amount since they were tendered though... Shit wherever you look. All the time. From all sides and parties. Nauseating...

Dump and run from this coin. It's an Iconic Expert scam.  ::)

It is very simple... for people with a modicum of intelligence and common sense: NEITHER.

First, I supported -and invested- in Bytecent. That was before creating this thread.

Then IconicExpert messed up (again) big time by not just  allowing but even trying to justify the enormous amounts of coins that were mined in the first hours and that stunk to high heaven of accidental or controlled scam. Either way, I insisted HERE, that a new launching (giving him the benefit of the doubt, about if scam or accident) or issuing a refund to unsatisfied investors, were the only options. When IconicExpert refused to acknowledge that there was a mess and pretended that mining tens of thousands of coins when a max of 1440 per day were promised, I created this thread to expose the mess and otherwise force Bittrex to take action.

Finally, that happened and those discontent with the mess were given the fair chance of getting a refund of their investment.

End of THAT PART of the drama. As far as I am concerned, no one is left in BYC that doesn't perfectly know what they are invested in.

Now, subsequently, I have discovered the still unresolved matter of apparently huge amounts of coins moving around along some blocks. And I want clarification, that's all.

In answering another poster, the lies of IconicExpert are irrefutable; his pretended "scams" aren't. Quite a difference, in my view.

Well it took me 3 minutes of simple investigation to track where those coins come from - all from the 159k Bittrex wallet. The "weird" thing is that after every withdrawal from that wallet the remaining amount moves to the other address. So here is your innocent explanation.  ;)

On #2 I agree that the total amount of coins reduced due to the burning of ~14k BYC sold during the buyback. Why this was reflected in some time - well the block explorer was not updated in time, that's it.



Don't know what you mean by that - BYC is not the PoS coin. And if you mean that they were used laying in the wallets and helping to mine uninterruptedly, than look at the difficulty and check if they were able to mine a large a mount of coins.

So if you look closely there is not so much shit around here...

everyone yelling scam scam meanwhile up 100% lol

I still don't understand how you can move 191,000 coins from a 159,000 wallet but I am pretty sure there's an explanation for that too. Perhaps that the 159 had grown to the 191 by the time it was moved... The other thing is, yes, obviously, since no other wallet had even 10% of such amounts, it HAD to be the Bittrex wallet by defect. Question is, why does the Bittrex wallet move the coins at all? and why in such amounts? Security reasons?

BYC is POM which is a modified POS. It means the more coins you have the more you mine, obviously. Not to mention uninterrupted by the captchas, since there's a "fix" for that.

lol? really? Have you checked the price at the time of your posting? Day's young stil...

FACT is there are, as I have posted before, already 65,000 coins out there for which the owners have paid ZERO, so any price they can get will be 100% profit (minus electricity charges, if you want to be pickety picky about it-. That is almost 1/3 of all coins outstanding, ok? In other words, you are sitting on a barrel full of dynamite. And price will eventually reflect that.

LOL. If I move my 100BYC From wallet A to B, and then from B to C, that doesn’t prove that I’ve got 200BYC because Block explorer shows 2 transactions 100BYC each…



To confuse some people ;)



Wrong again!
I can mine the same amount with 25 coins on the wallet and 600 coins.

Is that your answer? Really? Wow! (red)

Only if you use a single computer. You need those amounts for EACH computer you mine in. So not altogether wrong, am I? (purple)

I begin thinking you are playing the fool here, barrabas...





Well probably Bittrex used those 14 000 coins to mine 1K BYC on 24 powerfull PCs... Yeah, I think that makes sense  ::)

Not as much sense as moving around hundreds of thousands of coins just to confuse "some" people (only those unable to click twice on the explorer, of course), I have to admit, but some sense nevertheless. Otherwise the other explanation was what? I understand all it takes for destroying any amount of coins is a click of the mouse, right?

I (and the majority i assume) dont give a f**k whether Bittrex moves the coins or keps them in one wallet if only they won't get stolen.

But if you want to accuse Bittrex in being scamers please don't hesitate!

I am accusing no one of anything, I'm just stating facts. And searching for logical answers, nothing more.

Ok, I'll keep watching this thread in case you find something interesting and decide to post it here.

It is a pity...you just can't trust anybody these days! ::)

this is beautifull of bitcointalk.org not modereted topic with too many fuds. I'm out.

Yes BYC is a proven SCAM. There is no activity on this forum, only on theirs, where they delete every single post when people write about their problems. I advise you to stay away from this coin!

I created this thread because the launch was indeed a disaster and IE was forced to admit to it and offer refunds because of it by Bittretx. But It wasn't a scam and it isn't a scam.

Personal feelings should be left aside and, quite frankly, get over it, ok? The coin is so far a mild success, that given the fact that so many people hate IE, would be a wiold success under any other circumstances. Still, the price stands at more than 100% profint from ICO launch which is way, waaay more than can be said about 99.99% of any other iCO or launch.

So stop the "scam" nonsense because it simply isn't true and the coin, for now at least, is both innovative and successful. Deal with it people.

In the interest of full disclosure, I was the first proponent of the refund and I did in fact take the refund. So, even with messy launch, I will be the first to admit that BYC is indeed a success.

Just to note that, after the messy launch and the measures that Iconicexpert was forced to implement (issue refunds) and, recently, the measures to eliminate the so called "superminer", I believe BYC to be one of the best projects, if not the best project in crypto.

There's only one reservation -and is of significance: About 145,000 coins were sold in the IPO (accounting the refund). To my understanding, there were 25-30% more (35-45,000 coins) mined irregularly since launch (meaning beyond the daily limit of 1440) so those are coins of cost ZERO. Meaning they can be dumped at ANY price for 100% profit. A significant part of them, I assume, have been dumped already and therefore transferred to "stronger" hands and therefore provided a better distribution, but it's impossible to determine. In any case, after over a month since launch, the bahaviour of the coin in the market has been remarkably solid in terms of price and liquidity making it a unique case in a sea of failures/scams. THEREFORE, I am back fully supporting this project -and invested in it also-. With a significant caveats... for what its worth: The censorship installed by IconicExpert in the CoinBlab forum is completely unacceptable and (pun intended) censurable. Not arguing to that.

But the main reason of my support -and investment-, besides the aforementioned, is, precisely, the professionalism and dedication of IconicExpert, as well as his talent for promotion. He "gets" it. He may fail at making of Bytecent even a mildly or minimally accepted currency in the real world, for that's THE holy grail of all cryptos, but he will indeed succeed at promoting it in the crypto world enough to double the current valuation several times in my estimation.

And that's why I am supporting the project and, again, for full disclosure, making a modest investment in it.

I'm usually to be found only on the thread of the coin I am community manager (i.e. the giver of severe & ruthless 'Lion-ings' to those who post in an "ungentlemanly manner" ;) ) for.

But I'm posting here to add my voice & my support to barabbas, to IconicExpert, and to Bytecent.

I'm not even going to attempt to voice my contempt for some of the negative posters on this thread - except to note my special displeasure at what appeared to be overtones of racism  >:(

I made a modest investment in the Bytecent ICO. I had no prior 'history' with coins that IE had previously been involved with, nor had done any research as to why some behave so childishly towards him. I had never before been involved with any kind of pre-funding campaign as I had observed so many turn into dust.

However, I had been a twitter follower of IE for some time - let's just say I liked his style - and when he started talking about his plans for a new coin, I couldn't help but be impressed by the fact that he was taking all the hard lessons he'd learned in crypto to develop something that broke free of the mire that this part of the cryptosphere has descended to.

So I got involved ;D

I won't claim that the first month of Bytecents' life has been perfect for everyone. But it was never anywhere even close to as chaotic as some have tried to claim here. The VAST majority of investors & miners  - those who were there for reasons other than the 'instant profit at any cost' attitude that pollutes the atmosphere around here - are now sitting back feeling pretty damned pleased with ourselves, thank you very much!

- and the party is hardly even getting warmed up yet  :-X

@barabbas - Dude, I do remember you from the early days on CoinBlab & I respect you for the fact that you didn't let the ban turn you into a hater, but instead you've stood up for Bytecent here. Have to say, though - It wasn't IE who banned you or even reported you. I think perhaps you just failed to understand that CoinBlab STAFF will not tolerate a 'bitcointalk' attitude there. "It wasn't so much what you were saying, it was the way you were saying it." ;)

There are a few of us 'over there' who have seen the good work you are doing here and would support a request to have the ban suspended, as it seems to us that you have 'learned your lesson' & 'served your penance'.

'Nuff said.

@ lion

I would normally say a lot of colourful things but im on my phone and typing is hard so id only say 2: thank you. But no thank you.

And: you dont "get" it. Coinblab, IE or me. At all.

NEW DEVELOPMENTS...

Now we have the inevitable IconicExpert paranoia by which there are individuals out there trying to "hurt" Bytecent because, you know, he and a couple of friends put up a couple of mini-buy walls and they were "eaten up" withing minutes... Pathetic, as IE himself, pretending anyone "out there" really cares about BYC's destiny, much less invest a few secons, let alone a few BTC in "hurting" such minimal side-show in crypto.

No, as I pointed out just above, the big problem of BYC -besides IE's personality and character flaws, that is- is that there is bat least 30% of the total coins available, that miners have gotten for free. And, like one poster posted in a "tweet", "you have to lock in profits at some point". And that is, exactly, what those miners with thousands upon thousands of BYC that they have gotten for free, are doing: Selling them. And, consequently, dropping the price becauyse, for them, all the proceeds are clean, 100% profit.

Will this continue for long? I don't believe so because the redistribution will consume the available coins for sale very quickly... except that the volume is minimal and therefore, that will extend this redistribution phase.

Additional problem, and of significance, is that there are a lot of people -some of which I have personally knowledge of- that are trying to mine BYC and they simply can't. For days. Even for an entire week. A rather powerful laptop, for instance, that has been trying to mine for over a week, has produced  ZERO coins. I have witnessed this myself. And I know of several similar cases. And this is in the US where there are no restrictions or bans I know of. THAT is a big problem because one of those people simply transferred the coins to Bittrex, sold the coins and uninstalled the wallet. Gonzo. Proof of Miner, apparently, hasn't worked properly yet... while thousands of coins keep on being mined daily, way above the 1440 limit daily. This is quickly catching up with BYC and, if not properly and decisively solved, will precipitate its undoing.

And then, there's IE, always IE... his broadcasts positive? Hummm.... too much talk, too much asking for money (to put up sell walls) and too much "patience", the mantra that no one in crypto wants to hear at all. The ONLY way for crypto "investors" to be patient is if the price continues going higher... or at least remain within a channel of solid gains. Otherwise, it's cash out and move to another project.

What is in the future of BYC that warrants "patience"? Absolutely nothing. Lets forget about common places, euphemisms and other forms of BULL SHIT. There's NOTHING, technologically speaking, to look for in the future of BYC. Nor none of them are needed! It is just pure, raw bullshit. BYC only needs, first, TO WORK. And I mean PROPERLY WORK: not one BYC beyon 1440 mined daily. Period. No ifs, no buts. And then, just IE's specialty: Promotion, promotion, promotion. Nothing else is needed. More people knowing about BYC and coming into the community, will prop up the price. But they have to consume MORE, way more than the 1440 coins mined daily. Forget about "walls", whales, imaginary enemies out to destroy it... It's way simpler than that: It needs to work, needs to be fair and that every miner gets to mine on their CpU. And it has to be known by the crypto community AND, way more importantly, by the average Joe and Jane than can jump into crypto, through BYC, without having to buy BTC first (already possible). The currently minimal community, has to grow. Exponentially. Nothing else. No patience, no more money, no Bullshit. How about a small dosage of HONESTY?

I bet it'll go a long way.

Is IE jumping on another coin to sell his poorly made usb wallets again?

Upon further examination, I have to correct myself. Quite significantly too: BYTECENT IS A TRAIN WRECK

First of all, abounding on a point made above, it isn't "working". Meaning that regular folk with regular, even potent, laptops, are NOT mining. Not for a couple of days not for a week... they are just not mining. I have corroborated this myself. So IE lies blatantly in his latest radio update, while claiming that, in the mining aspect, "everything is how it should be". Unless he is referring to him and some friends mining massively the huge amounts of BYC that are being mined currently, he is not only untruthful; he's blatantly lying. Like I said, I have corroborated it personally during the last full week.

But that is NOT the only reason why BYTECENT is indeed a train wreck. The main other one, of course, is IconicExpert himself: He somehow envisioned this coin to benefit from his personal involvement. Contrary to what his enormous ego has led him to believe, most people in crypto really hate him. And I mean way beyond those that have convinced themselves, without any base in reason -or very flimsy ones- that he some kind of scammer. As I have posted repeatedly, he is NOT. And, like I said, those acerbic idiots are NOT the problem of Bytecent. The problem, one of them, is the IE is not even remotely close to the "draw" that he dream he is. Or more specifically: Very few people gives a damn what he does or, more precisely, what coin he is behind. And that's people in crypto who either know him or know of him. Outside of Crypto he is a non-entity with no capability whatsoever, none, to bring any regular folk into crypto, let alone Bytecent. The entire Bytecent launching brouahaha would have granted, one would have imagined, some kind of whatever minimal adoption if, in fact, IE was to have any "pull". It has produced none. Not the press releases. Not the radio broadcasts. Not the twitter giveaway... Nothing. The crypto community, those free from personal phobias and hatred, either feel "meh" or, not even that. The community doesn't grow at all and the community that exist simply doesn't have any money, to boot. Consequently, the very few people that bought into the idea, has fail to go even beyond the first mini dumpp (coin is still above the ICO price, but impossibly far from the 248% above that it reached ath.

And it is only downhill from here, I'm afraid...

Let me correct myself from one of the above posts, I hadn't even looked recently at the blockchain. Upon a recent glance, I have discovered that not 30+% of coins, free ones, have been mined since launch. Not even close. More like almost 100%.... staggering. There are, at the time of this posting, almost 273,000 BYC in total. That's close to double the 140,000 that were sold in the ICO (once the refunds were discounted). That means that while 140,000 were bought at 0.0005 BTC, almost 140,000 more have been brought to the market, coins that were obtained for free. It means that even if they sell them at 5 satoshis, they are still making profits. Imagine how many the have sold above 100,000 and beyond... and continue selling as this is posted. The answer to that image is simply one: Too many. There's no money in the community, nor ios there any new members coming in to absorbe such amount which, mind you, continues being increased by roughly 2-3,000 new coins mined everyday, probably significantly more.Keep an eye on the blockchain and find it for yourself... exactly.

And if the current situation clearly explains why is this a train wreck, presently, the worst is to "be patient", as IE would like to have you. Think about it: For IE, things are "working currently the way they should". Which, as stated, is far from the truth. But even when and IF things work the way they are supposed to, imagine the next year bringing in more than half a million new BYC coins to the market, all at ZERO COST. This is what will be mined if and when the proper limit of 1440 coins per day are mined (I will repeat once more than many more than those are being still mined daily currently and who knows for how much longer). So, by this time in 2015, Bytecent will have around 800,000 coins total and at current valuation of 73,000 sat, a market cap of $200,000. The current market cap of BYC is $67,000. What in the wildest of your dreams would produce a tripling of the price in the next year? I will answer that: Nothing. Because it will simply not happen. As a matter of fact, BYC will not exist by this time next year. And neither will at least 90% of the rest of altcoins out there, probably not even 5% of them will have survived 2015. And I assure you, BYC will not be one of the survivors.

Admittedly, it was a good idea. A very good idea even. Problem is that IE doesn't have the pull to sell that idea to more than 100/200 people in and out of crypto, so even with sterling launch and implementation -and this has been so far the opposite of that- it would not have been successful. It wouldn't have been such a train wreck though, just out of the gate.

Putting it mildly, IE simply doesn't have what it takes to make this otherwise worthwhile project, successful. Pity

Strange that IE isn't here responding to all of this. You are right though, most people are just "meh" about the whole thing and aren't investing because of the POW mining rewards and the rep, people don't care how perfect the Coin is if they can't trust the ones running the show.

The reason IE is not here is because he is a control freak, a little guy with a huge Napoleonic complex who will not hear criticism or disapproval if he can get away with it. That's one of his main characters flaws (he has others too). So he avoids uncensored forums like the plague because, you know, in these he HAS to answer uncomfortable questions.

And that is, precisely, the main problem of Bytecent: It simply CANNOT grow. He, on purpose, avoids the forums which everyone inside of crypto AND OUTSIDE LOOKING TO GET IN, visits and reads, which is 100% counter to the pretense of potential growth of BYC. Therefore, the same group of no more than 100 people, do mine and trade and talk about BYC while the rest of the world simply doesn't even know it exists.

Hence why it is a disaster, after the disastrous launch. A train wreck indeed. Much like IE himself is.

I officially withdraw any & all previously-stated respect, support + approval for barrabas.

This is crypto, everything is a gamble. It's an even grubbier, nastier, more corrupt cesspit of the worst aspects of untermensch than the so-called real world.

There are those who resist this, and those who wallow in it.

"I chose the path less travelled"

'nuff said.

For the state of altcoins as they are Bytecent is a rather a success. I guess you could go off and buy some Bitbay, or a bit of Paycoin or get into a fast mover like Monero. The whole "industry" is slowly dying off and Bytecent is a winner just for not being dead yet. The dev has the usual problem of getting the real world to use the coin and isn't having much luck so far. He's trying things out though. My beloved Pandacoin is dying slowly because despite nice tech the devs haven't any business sense.  IE does need to come up w/ something quick before ICO price is broken. Not sure what that might be but without it Bytecent will die but it will have been a good fight by a dedicated individual.

BYC is not primarily targeted at the current altcoin community. It is a slow process for people new to cryptocurrencies to hear about a new coin. But BYC is going about it a new way. Hundreds of downloads sites. There is already a quickening in the number of new miners. Difficulty is increasing more quickly. Once some of the new miners decide entering captcha every hour is not for them, they will look to buy BYC. Currenltly only way to buy is on Bittrex. Not easy for someone new to ctypto. The team is working on new ways to buy BYC directly. Just give it time. The foundation is there, the ideas are new and innovative. Just give it time. The masses outside this forum and crypto in general want there first experience with a cryptocurrency to be something easy to use, easy to buy, easy to mine. That is what BYC is trying to be.

I don't agree it has been a "good fight". I believe it has been a very clumsy fight... that IE is losing in a hurry. He just failed to raise the community that would be able -and capable- of supporting the project, as simple as that.

It's all downhill from here.

Worse: IE has not -and will never- learned the lesson. So he will be back with other projects... and committing the same mistakes that have been the undoing of BYC. Sad.

guys, the last few days is something strange going on, when the diff was 7.9, the number of chains to me was 49, when the diff reached only 8.0, the number of chains of mine is a 3.5! means, i have 3 fx 8350 and one i7 3770 ... when the diff was 7.9 i could have a day about 15-20 coins with all four computers, now when the diff is just over 8.0, only 2-3 coins per day with all computers ... now someone constantly selling coins and lowers his price, and i, and surely many more people do not have accounts to sell it at this price ... if we can not sell, the question is who can, who has accounts ... I think i have the answer to that question, but i would like to be one of you say what he thinks about this ???

I hate IconicExpert. He made me lost tons of btc on the LibertyCoin (xlb) disaster...

 



I'm 100% sure that this amount BYC coin's selling iconic expert and his team ...

No one, even if it has the most powerful processors, and that the computers within a company, and it's all free, no account to sell coins on this miserable price !!!

Only if there is a GPU miner or modified cpu miner ... and it is certain that this team has! That someone else produces and sells such a large number of coins, iconic expert would have long been suspended from mining, as has been unnecessarily ban ip address from Serbia only for the reason that is one of these guys from Serbia suggested there superminer and a number of irregularities .. .

Consider all of this and see bittrex, you will be all clear ...

b.r
pozz
       

What "this amount of selling...."? That is ridiculous. There's practically no selling (and even less buying, for that matter) in BYC. Have you checked the volume (lack of it)?

What levels of delusion.... the coin is practically dead.

I believed IE and hoped everything that is told and written, but this is disturbing, because this is going in the opposite direction of his stories! I agree with you, something strange is going on, and i hope that the IE to recognize what was going on and to save what can be saved ...

https://chainz.cryptoid.info/byc/block.dws?172706.htm

People, no one has calculated that sales BYC at this price! Here no one is crazy, this is the end of BYC! I do not understand how people do not have a brain, so buying it still, unbelievable how much this is a scam !!!

There is very little selling or buying. It comes down to trying to do things differently. Bytecent is only on one exchange, it has no thread on here, it is not hyped, it has a small dev team and small community. But it is promising. The aim of Bytecent is to be easy to use and mine for your uncle or aunt. Download, install, mine. Buy direct with fiat, bypass BTC and exchanges. It is a sleeper for sure and is available on hundreds of download sites. People new to cryptocurrencies will start to find it. Give it time.

That is a simpleton explanation. Fact is that:

a) The community is too small to support the coin and its price, so it will become a dead coin before it reaches ANY target audience outside of crypto.

b) Too many people simple hate/dont trust/don't like IE, in the crypto world. Viscerally so  in many cases which, to me, it's only related, bottom line, to racism.

c) The mining irregularities have plagued the project from the start. It already has more than double the amount of coins -all for free- that it had when the ICO ended. Since there hasn't been any costs attached to that completely irregular amount of coins mined, logically, the price goes down. In fact, everything being equal, since there are currently more than double the number of coins than there were at the end of the ICO, the price has basically halved. Which makens sense since there has not been ANY progress whatsoever in the project since.

d) That banning shit IE has enacted of some countries/areas have been an exercise in futility that has (rightfully) enraged even people that were initially supporters of the project. The problem of over/mining -while most people cannot get hardly any coins mined in their regular computers/laptops- stinks to high heaven... even in IE and his closest friends are not benefiting. Someone is still gaming the system so to speak and getting tens of thousands of coins AND dumping them in the market, hence the downfall in the price.

All these problems will not be solved by a few people here and there, MAYBE, downloading the wallet and MAYBE, starting mining at home -to no avail, for no coins, practically, can be mined on a regular computer/laptop. So those people will dump the shit and promise themselves not to ever participate in such absurd games for pennies for constant aggravation. It will damage not just BYC but also the alts in general and the whole crypto world.

But just a little because, really, no one of any significance knows what BYC is of have ever pretended to become.

It will be a sad, pathetic side show within a couple of weeks. At the most.

Very clever thinking Barabbas, i agree with you, just do not understand that someone is constantly selling BYC, at this low price, it somehow does not look well at all, no one has calculated that it sold at seems to me the lowest price, think about that people. ..

Hey barabbas..
http://coinblab.com/forums/topic/362/barabbas-aka-josede-vega2009-aka-jose-de-vega


btw. do NOT download and install latest web-installer wallet. It's full of ad-wares.
Another FAIL presented as awesome thing!

So far we have..
- closed souce wallet (with ad-warez!)
- not existing promised mac and linux wallet
- closed source miner (but that's kinda ok if we want that PoM idea)
- closed/moderated forum
- closed group on closed/moderated forum
- closed explenations with no facts
- closed...

too much closed.. I want to help you IE but you are to much closed!

Oh well, to be expected from IE... those personality peculiarities that have brought him so much success in crypto.

It is true that Johnny Bravo (under his orders, of course) invited me to a debate on his YouTube audio stream with him and IE to "clear the air on some misconceptions about Bytecent".... well, here's the invitation in it's totality:


Hello
« Sent to: barabbas on: Today at 04:28:45 AM »
« You have forwarded or responded to this message. »
Reply with quoteQuote  ReplyReply  Remove this messageDelete 
Hello Barabbas,

  I am also known as Johnny Bravoo of The Bytecent Weekly Update. I was wondering if you would be interested in coming on our show with Iconic Expert? Now before you get the idea this is a "Grudge Match" type of podcast this is more to clear the air on some misconceptions about Bytecent. It will be a civil conversation where both of you guys can ask each other questions and clear the air without a bunch of people fudding on forums. I can personally say some of the misconceptions is about his personality in general. He is someone that genuinely is doing great things to make Bytecent the best crypto around and helping crypto in general by changing the public view. He has many critics for all the wrong reasons and we cannot make most of those critics happy. We would like the opportunity to clear up some misconceptions you may have. Unlike the ones with hate in their hearts for whatever reason, I do recognize you are a reasonable person that can have a one on one conversation to have a better understanding of what is going on. As the shows producer I am asking you to come on and I know for a fact IE has no ill will towards you.

IE is the lead developer of Bytecent but it is not IE alone. We have a great team in place with great ideas. We also have successful business people as well as some of the best crypto minds around. In the next few months we will be doing things outside of the normal crypto bubble.

We all agree crypto is headed in the wrong direction in many ways. The scams have changed and become more elaborate. Many good coins are suffering because of the "coin of the month" mentality that really needs to stop. We are interested in showing you that Bytecent is far from a disaster and some of the things we have in the works to improve crypto.

Please PM me back and let me know if you are interested so we can do a schedule to come on.

Thank you,
JB

And here is my response to it, verbatim:

Re: Hello
« Sent to: KryptoKings on: Today at 09:07:19 AM »
Reply with quoteQuote  ReplyReply  Remove this messageDelete 
Hi KryptoKings,

Thank you for your offer, I appreciate it. And yes, as you say and IE knows very well, there's no hate at all in me, never was. But I am going to decline your offer because I don't believe there's anything positive that would come out of it and, certainly, there's no misconceptions about IE's personality on my part. I am not going to pretend I know him thoroughly but that is not going to change through a radio conversation, therefore it would be pointless. I do know his shortcomings when it comes to his "job" as a dev, all of them due to his personality flaws. But I don't want to dwell on it and, like I said, it would be totally pointless since he is not going to work out those flaws and I am not going to change my opinion. I know that for a radio aficionado this will sound a bit weird but I don't believe spoken words can change anything of this nature; only actions would. Actions IE is unwilling to take -due to those personality flaws- and that have put him in the absurd position of seeing his project dissolve itself into a minimal side show. Bytecent is not going anywhere but down, as I have posted. It was a disaster on launch, IE continued looking to the other side through the absolute mess of the rigged (not necessarily by him, mind you) mining for weeks on end, and continues beyond messy with arbitrary banning of areas, regions, countries, that serve no purpose because the coin's float continues getting fatter and fatter way, way beyond what he promised. It has no solution. And no amount of "doing" will salvage the project at this level, for the simple reason that no one cares about it. No one in crypto and no one outside of crypto. The absence from these forums and the banning of criticism in CoinBlab is just the shot to the head that any coin looking for people's adoption needed, even if the other flaws wouldn't have existed and everything would have gone on schedule. The two combined, well... but you are a believer, probably because it serves to justify your own hobby within a hobby I don't know, so no amount of convincing will result in any progress with you, therefore all this is nothing but an exercise in futility.

On an additional side, you can tell IE that saving the dat file in his wallet doesn't save the wallet at all. I know because I have done it and I am unable to recoup some 250 BYC that I had in it. That's just another side of the mess that the whole project is.

So, as you can clearly see, talking about these things and recording it, will not be positive for anyone at all. And I don't want to be debated, for ages on end, by idiots in forums full of hatred, racist or otherwise, interpreting at their whim my spoken words. There's nothing to gain from it. For anyone.

I'm sure both you and IE will understand.

And, by the way, I am now interested in a new project that really brings digital currencies to the masses and is mined, FAIRLY, by everyone from their smart phones. Call it the evolution of what Bytecent could have been and never will be. Hopefully we will get the money to bring it to the mature level.

Thanks again for your kind offer and best to you and IE.

B

So those who might be interested (maybe half a dozen, tops?) can draw their own conclusions... away from the peculiar glasses tinted at will of IE.

There's no upside on anything connected with IE anymore. That battle was lost a (crypto) long time ago.

no koment...
http://coinblab.com/forums/topic/362/barabbas-aka-josede-vega2009-aka-jose-de-vega

http://coinblab.com/forums/topic/362/barabbas-aka-josede-vega2009-aka-jose-de-vega

very worrying, is this really happened!?

    I am convinced that there is a GPU miner and it uses IE and his team, maybe more GPU miners or modified CPU miners software, as someone already wrote before! Just pay attention to the reduced number of chains, only once at one time, the number of chains is reduced 10x! Excuse me, but it is impossible to contend with diff, it is not rational! It can not happen in one moment, just a moment !!! Is it a software bug or something else, we know who knows the answer to this question ...The people of Serbia have IE pointed to some problems, so that he is ``democratically`` bann, the entire region, so that they can not mining more than 60 minutes,no matter how many coins are purchased or have in the wallet,  which is unjust and undemocratic, though none of them were guilty or why, but he ignored the problem and hides the problem still, and i think that is superminer was his man, or perhaps he himself ...and i believe that a large number of chains IE directed towards to you and his team, so that they take a large number of chain stores, and also mining a large number of coins, and everyone else is 10x less, and i know that he can do so !!!

    And that, when counting on the mining calculator, i'm supposed to have 7 coins for 10 days! However, i get 3 coins in 10 days on fx-8350 ... Is now not the calculator is not accurate !?

    Not trying to be smart, everything was satisfactory and promising to before approximately 20 days! No one can convince me, that the number of chains can be reduced in one minute, second, it is not accidentally, but prepared ...

    I hate scams, and i can not agree more with that!

    And do not listen to what they say LionOfNarnia, JohnnyBravoo and others like them, because they are part of a team, and benefit from this project of course! Honestly i would like to make the project successful, but in this way will not be able, when IE works unfair! Cheat with the number of chains, PPS, etc., it's horrible! I do not know whether 200 people mining the coin or less than that, just because of the obvious scams ... He bann one whole regin, which means to hate this country and the people who live in it, and has not answered why such injustice done, or that will be corrected, if the error !? I hope that he will understand that needs to fix what's broken, and restore the byc in his place, between successful coins! Let IE solve the problem and we will be with him and fight for this coin...

You know nothing! :D

IE explained chains, mining, wallets, ad-ware, so many times, ... i dont know where but he is :D
Even those small explenations from him are without single fact! Just like in that post.. no single fact! And someone call that "pwnage" I can say for anyone that is like this or like that, but would i be right without proper proof?


Time will tell.

Johnny, dream me tonight. Kiss.

Barabbas, Jose De Vega, or whatever your name is. If Bytecent is the disaster you claim it to be, why don't you move on to something else? IE is spot on about you. I am not going to take crypto advice from an out of work actor that is older than my grandfather. http://www.josedevega.com If we want advice about Spanish soap operas we will ask you, other than that shut the fuck up already. You are undoubtedly desperate for attention and you are way too old to be trolling like this.

     It seems to me that the situation with mining byc improved since yesterday, now that calculated in mining calculator, numbers matching, if you had been a mistake, it seems that it is now better! I respect this and give their support for this work, let them continue like this!
     As you can see, i do not speak anything that is not true, but commend what is ok!

This is why you should be supporting #Bytecent:

(announced yesterday)

http://coinblab.com/forums/topic/368/bytecent-special-announcement


& (posted an hour ago)

http://coinblab.com/forums/topic/379/bytecent-direct-buy


Seems to me IE is doing more to make this a success than .... well pretty much all the other 'developers' in crypto rolled into one ;)

I thought BYC had no future and it was bullshit?

http://coinblab.com/forums/topic/379/bytecent-direct-buy

https://bittrex.com/Market/Index?MarketName=BTC-BYC

This is why elderly out of work actors should not be giving crypto advice. You have no clue what the fuck you are talking about when it comes to crypto. Shit, you do not know anything about acting either. Just continue to shut the fuck up and delete your account. Go play Bingo or whatever people your age do.

Ok, I'll bite.  Which country is it that is supposedly banned? All of you lot complain about banned regions but never name the region ...

Bytecent has a few odd bits that might not stand the light of day (especially re the mining) but on the whole is head and shoulders above 99% of the utter garbage out there now.  Whoever heard of using a Subway card to buy Alts? Bloody creative.

BYC has the usual problem of no buy pressure.  There's no demand for it, nothing to do with it except store it away and hope the value goes up.  Even Bitcoin couldn't pull that one off it seems.

The community of posters in Coinblab does vaguely smell of IE's socks.  That said I think that there quite a feel very real supporters out there as well.

The fall of Bitcoin will really shake the garbage out of the system.  If Bytecent continues on present trends it has a reasonable chance to survive the cull.

So IE has come up with this great idea of setting a swimsuit shop in the Artic... that's how effective the gift card gimmick is going to be.

The problem with IE is that he is capable of some good ideas, usually one in 100 with other 99 running from unfortunate to dreadful. This gift card one being squarely the later.

Because while theoretically simplifying the process of purchasing a coin is desirable, it would have no effect whatsoever since no one actually wants to purchase it, the process being simple or not. Like making easy to purchase condoms... for flies.

The main mess of BYC  is of course created by the shortcomings of IE... which not only allows for pretending that having 100,000 coins (1/3 of the current float) more mined that he promised there would be by now -who has mined them?-, is "normal", just "how crypto works", but that running toward your own field is actually advancing. Crypto doesn't have any problem with people wanting being able to purchase bitcoins -they can getvthem from ATMs at the mall-; it has a seemingly insurmountable problem with getting to use them to purchase anything.  The other way around,  get it?

No one wants BYC for those and many other reasons... not the least of which being that IE has painted himself for the most part as one of the most hated individuals in crypto... along with one with the most impractical and absurd ideas imaginable.

But, like  I stated above, one of every 100 on average is ok to good. Some people -half a dozen or so at last count- seem to be willing to wait for it. The rest, even the haters and the racist, have long forgotten it.

I'm sorry you were doxxed by IE.
Somehow, in his twisted mind, he probably thought it would silence you, when all it did is reinforce people's opinion that he is a thieving, dishonest scumbag.

You really do not know what the fuck you are talking about. How many times can one person be so wrong? You said when he offered the refund no one would buy the coins being refunded. WRONG! People did buy many of the coins being refunded. You also said when the coin started trading it would quickly collapse. WRONG! Bytecent went to 170k+ sat and traded for weeks above the ICO price. Then you recently said the coin is dead and no one is interested. WRONG! The trading activity and volume is decent. You also made up shit up about mining. 150,000 coins were sold during the ICO and 175,000 coins were mined in over 2 months. 325,000+ coins in circulation with a coin supply of 33 million coins. THAT IS LESS THAN 1% OF THE TOTAL COIN SUPPLY. It will take decades to mine the coins at this rate. You are just bitter you were one of the morons that took the refund during the ICO and missed the initial pump. Then like the dumb ass you are, you bought in again during the pump, held too long, and then sold at a loss when the market corrected itself.  Just shut the fuck, you are done here like your career.

IE didn't doxx Barabbas he was doxxed months ago by someone else. https://bitcointalk.org/index.php?topic=844746.msg9894498#msg9894498

Barabbas identity has been known for month.

Let me correct your numbers IE since, like everything you post, are far from the FACTS.  You sold 150,000 byc but had to return the cost of more than 30,000 of those to the people that wanted out once they saw ghe "mining mess" you had gotten themselves into. So total is actually shy of 120,000. Now 60 days @ the promised and never met MAX of 1,440 coins per day mined will give you roughly another 85,000 coins for a total of just over 200,000 coins. Where did the other 120,000 go IE?
THAT'S the mess of BYC. The main one. The others, worse yet, are... well you and that peculiar trait consisting in both trying pathetically to paint failure as success while somehow manage to run, always, on the opposite direction of success. Like that gift card initiative.  Instead of pushing for merchant adoption you push for easy ways for people to buy a coin they dont want to get to btc that they can get at the atm, charging them with two unnecessary intermediaries.  Plas, plas, fucking plas. Like i said,  the exact opposite direction.

But keep on deluding yourself,  you are preaching to the same half a dozen choir who will be more and more embarrassed by seeing you posting here under yet another puppet the eternal, pathetic nonsense... while the project inevitably unravels.

WRONG AGAIN. Not IE I am from a different part of the world, and your numbers are WRONG. You never know what you are talking about and you just make shit up as you go along. You pulled those numbers out of your geriatric ass.

http://coinblab.com/forums/topic/38/crowdfund-over-now-the-journey-begins

159,907 coins were mined and given to ICO investors before the refund.

After the refund 14,006 coins were destroyed and burned by Bittrex.

https://chainz.cryptoid.info/byc/tx.dws?71097.htm

That is a grand total of 145,901 in circulation before mining began you fucking idiot.

As I am writing there are 325,494 coins in total. 325,494 - 145,901 = 179593. 179,593 coins were mined to date.

You are also WRONG about how many coins are currently being mined per day. At the current difficulty 41 coins are being mined per hour. 41 x 24 = 984. Do the math yourself! https://chainz.cryptoid.info/byc/

The 1440 coins mined per day is an average calculated over the lifespan of the coin. Tomorrow the number of coins mined per day can be higher or even lower. You wouldn't understand because you are a fucking moron.

The only disaster here is you. Your acting career and your personal family life has been total disaster. This forum is your life. You are a bitter old man with no purpose in life but to belittle what others do. You are a little man that no one will remember.

I am a Bytecent supporter. I do not care anymore that the launch was less than perfect. The dev team is dedicated and creative.Following the route of other coins- quick buck, pump and dump was never the plan. Bytecent aims to change crypto for the better. People who know nothing about bitcointalk, trading, mining pools are the target users. We need to understand changing the way things are done is not easy and there will be issues along the way. Overall the Bytecent idea is brilliant in its simplicity and mass appeal. There arent many followers right now, yes, but give it time.

No amount of pathetic insults or other attempt at snake oil selling will hide the facts IE:

--Even through today, more than 2 months after launch,  a full 1/3 of the total coins out was mined illegitimately. Who has them? You? Your half a dozen followers?

--1440 was promised as a MAXIMUM.  Per day. Not average. No bullshit. A MAXIMUM. from day one. You LIED.

Now keep trying to sell your snake oil to those willing. Bang out job. You are taking the world of crypto by storm... amazing.

Sprout: that's the nature of the average investor in crypto. And the reason they are usually separated from their money. You want to "give it time"? Great. Its your money... soon to be no more.

Well IE says look at block chain.. so let's look..
Current block is 184520. Mining 65 days. Minus ~10000 blocks at start, that's ~2685 coins mined per day. This also is not facts i guess.

People should have smelled this a mile away. Good on you bringing it to their attention.

Hi all, I feel that I am a little late to the party on BCT, but figured id join up and at least make a post or two to start getting my post count up.  In full disclosure, I hold quite a bit of Bytecent (and other coins not relevant to this convo) that I both purchases at ICO, during the refund, and from trading. I also mined some, but not as much as I have purchased.

In all fairness, I agree that Bytecent has had its challenges, and will continue to do so, but so have many other coins. True scamcoins are born each week, (my noodlyapendage coin wallet actually synced last week for christs sake) but it is my personal belief that Bytecent is not one of them.

While the effectiveness of IE's ideas can be debated, the fact remains that he IS dedicated to the project. If you look at the charts, BYC is trading above ICO, there are nearly double the volume in bid than asks, and the price suppression seems to have ended. You may call it foolish and risky, but I would rather invest in a coin that at least HAS a known dev, that has remained active for well over 2 months.

Last I checked, scam artists don's stick around after the price falls, and they also don't offer refunds.   If people want to start crying about a scam, lets talk about cryptodouble, and the 2K+ BTC they made off with.  I bet anyone 100 BYC to find out who that/those devs are, and another 200 BYC they wont be offering any refunds.

I also understand the concerns about the wallet being closed source, but that was known from day 1, well before the ICO started. I personally don't have a problem with it. I also know that other peoples experiences may be different, but I have installed the latest wallet on several different hardware, and VM's, and have not been able to substantiate the claims of malware/addware that some have make. Sure, there are third party offers, Sure, I find that annoying in ANY installer, but there was always an option to opt out.  I accept that these are only my observations, but also please understand that I can only trust what I have personally seen and/or tested.

But, without further ado, have a good day, and don't rip my first post to pieces :) Prove your not as bad as some make BCT out to be.

JJ12880

I'm just going to follow up, the already mentioned from before, bytecent mining calculatot not true, as it was before, and i repeat, i checked before, and i commended the work of the IE team when it was ok, now is not true, i tested, some tests if anyone would, but i can assure you that you will you / we need 3-4x more time for 1 coin, but what it shows mining calculator, and, behold, i will sound about it, i have the full right to it ... so much on individual mining for now ...

can no longer even 1 coin to mining, a good GPU have IE ...

And the chickens coming home to roost.... Inevitable.

Shame. Could be a good coin. But..

Yes, the potential was there. It was managed very poorly and, ultimately, very unfairly. It was do or die for IE and I am afraid, as usual, he went full harakiri.

Why is this coin pumping?

what a misfortune for this coin, it just digs ICONIC EXPERT with some gpu and I hope that we now all agree that superminer was his first day of ...

So, not to dig up old bones, but looks like BYC got supper mined AGAIN. is that what, 3 times now? lolz

And yet here you are. The fact you are posting on a thread that is nearly two years old tells me a lot about the type of person you are. You are acting petty and childish, and there was no point to your post. Bytecent was not super mined, and you should get your facts together before commenting. Someone installed the Bytecent client on their school's network with over 30+ PCs. Technically there is nothing wrong with that, but we do not feel it is fair to other miners who do not have access to "free resources". And the fact people are trying to find "clever" ways to mine Bytecent is a testament to what we are doing. There will always be a cat and mouse game to keep mining fair, and no one security solution is perfect. So we will continue to adapt and innovate so our users can continue to participate in the mining experience they have enjoyed for nearly 2 years.  I understand your feelings are hurt because I ended your distributed mining pool project, and now you are bitter, but I would suggest you get over it and focus on Radium. Hopefully Radium will be able to last as long as Bytecent and not fade into obscurity like most crypto projects.

Hows things over at BYC?

IE roasting bababa circa 2015 :)

Someone suggested IE left the internet, so i figured Id post and see if he deleted my posts.

I am apparently a bad guy because i got miffed when he removed the basic "getmininginfo" RPC call from the wallet just to break my distributed mining pool, and then he said it was a mistake and would add them back in. So, i kept working on the code waiting for the RPC to be fixed, but never put them back WHILE KNOWING i was still writing code for the pool.  He later went on a #sayNOtopools campaign, which makes me think it was all pre-contemplated all along.

I'm banned from his thread, and blocked on twitter lol.

JJ

No he hasn't left. He's still around and somehow trying to convince some people there's an actual use for this disaster of a coin project. The price has actually double recently because, supposedly, he is about to close deals with big companies that take "months" to come to fruition. Some, obviously, still believe in him and the project. As I posted all those months ago, it's an inevitable disaster that has cost money to those delusional initial investors and will continue costing money to those that believe there's a future in it.

One can only warn...