Well, do not be naïve.

Remember the sudden jump of price to 200, which was in May? Where is it? There were some simple guys hoping the bytecoin will be growing more and more and then what? Yes, they have lured some simple people into the fantasy that the bytecoin "to da moon"? Or were they not so simple and the real big shareholders are behind their nicknames?

I occasionally glanced through a few pages of the past and found a post of DStrange of 2014:


Yes, we see that these few (1-2-3?) Bytecoin shareholders are quite clever to play pump and dump games. The bytecoin rises and then the shark shareholder dumps it, and then buy lower, and then dumps again.

So the bytecoin case is different from many other crypto cases. Most of the cryptocoins, excepting for the few coins, are volatile, but with the bytecoin it is different. Due to its main huge stocks in the hands of a very few people (unlike with the bitcoin), the bytecoin price can be easily manipulated by them at their whim.

I used to visit telegram group of Bytecoin from time to time. Since some people are not able to understand the post about the alleged scam, they prefer not to think about it, some hoping to become rich, place their blind faith in the anonymous developers-shareholder, whom they do not know, and who do not care to become known (as other teams, developing anonymous coins), others prefer simply to blame all critics as enemies of the coin - the most primitive and vulgar approach; others deceitfully blame competitors, etc. When someone wishes something too much, he begins to be blind to all arguments.

Do not be naïve, when there is a process of developing going on, rumours being spread, news being published, a manipulation of the coin price is possible not to owners of small sums of coins, but possible for giant shareholders of the premine.

So it is ridiculous to hear all those desperate requests to "hodl" addressed to owners of all sums, when the price is going down. They blame the owners of small portions of bcn for dumping the market. It is either extremely stupid or naïve, or extremely deceitful.

From this http://web.archive.org/web/20140712043559/http://bytecoin.org:80/old/index.html if that website was actually online, and publicly accessible,it would appear that originally the bytecoin devs may have wished it to make a publicly mined coin. So, they apparently released it into the open web in mid 2012, but did not make it publicly known to any reasonable sufficient degree. Consider the post of 2013:

"07/04/2013
Happy Birthday, Bytecoin!
It's one year from the launch."

Perhaps the greed overcame later, and then they may have thought: why would we allow others to mine it, let us make it quite private to us. So they may have made their website very private, not easily accessible to regular users. Perhaps they may have wanted to come out earlier, but it happened later, and then we know the rest of the story.

And now a lot of guys own 10-20% of the coins, while a few guys own around 70-80%. Even if the ratio is 40 to 60, or 50 to 50, 10-20 billions having been sold over a few years, still it is not healthy in terms of the coin cost.

As you may see from the earlier correspondence, they are still silent about it. In the beginning they may have thought, that with the price growing faster, they would be able to sell it all quicker. It did not work. Competition is high.

What about now? Now, you should see if they are sincere with the greater community, or do they try to settle. Some posts which I noticed in the past suggested to burn the part of the coins, or send them to some never-to-be-used address. There were recent posts about it.

What do we on the part of the devs? Complete disregard of these posts.

I checked today some questions, that the bcn representative welcomed on the reddit. There was some surprisingly huge post from some guy. His first question was:

"Openness : all rumors about the devs team being, ermmm, "shady" must arrive to an end. There are a lot of threads out there talking about the genesis of Bytecoin and they're not too flattering. Think the "real" story about Nicholas Van Saberhagen and his "misteriously signed" whitepaper should be taken to light. In addition, I think, a true point of contact with devs and at least a front man who shows his face should be considered as an indisputable need."

It was first question. Note that.

You expect some real good sincere full answer from Bcn team? Like, "ok, guys, we'll answer, you want the truth? We'll give you the truth."?

So read the astounding reply from the Bcn representative.

"...it’s time to give answers to the questions regarding the dev team.... I’ll try to mention all of your questions.The first block of questions came from @AndLan Openness. More than 5 years have passed since the first block was created, 2 years later Bytecoin was released in the open web. Since then until this summer no one from the team has made any public statements, shown his/(her) face, was mentioned on a conference as a representative (however, different members of the team are visiting such conferences rather regularly and watching for you). But, it’s our feature, this is the thing that differs us from other projects. Moreover, the team is slowly changing its vision - there’s Jenny who’s online almost 24/7 and sending replies, interviews, etc. There are local community managers such as Pundit who has given open conferences and lectures, riding across his country and making some crazy partnerships. We are supposed to think that the devs’ face are those thousands of pages of code, the representative’s face is the community and our co-effort is our place in the cryptoworld ecosystem.
Team Contacts and announcements. Ughhhhhhh, toooooooo many questions. Okay, I’ll manage with that...."

No exact answer to the first main question (asked before the "in addition" part).

Note this: "More than 5 years have passed since the first block was created, 2 years later Bytecoin was released in the open web."

This is to imply that the bytecoin was launched in 2012. And this appears to contradict what is written above, at the linked webpage. So, the webpage above seems like it is willing to say: we are public from the very 2012. And this post of bcn representative appears to say: we are publicly accessible from 2014.

Covering up the activities from 2012-2014?

On a different note.

Now, on the top of the lowest priced coin, they wish to produce another coin, with the same or almost the same functions as the original coin. The release would be, say, around 100 mils or 1 bil or a few bils?

Who would care about such a coin, when there is already the coin with the same functions? And when there are other coins with the tech, devoted to anonymity, which are being developed regularly, by great teams, without any non-settled issues.

To add: I am not saying the price will not rise some day in the future, provided the news are regularly coming out, and the new tech features are provided, that make the bytecoin quite rare or unique. I am just saying, that with all that was known and said about the bytecoin and its team, it is very unlikely that it may grow substantially. Almost no chance is left that the bytecoin team may figure out some other explanations of their action, taking into account all the data, that was digged out. So, the only solution may be just to use the last opportunity to "burn" the rest of the premine, publicly, in any possible way. But it takes the greed to go away, and this is not difficult. It is easier to promote the coin to get other buy into it, and sell it to them in the coming months and years.

Certainly, each man seeing other messing things up, or being apparently deceitful, would not be happy about it. And if there is a chance, that he may be wrong, he would be happy to acknowledge that. Otherwise, the saying appears to be true in the case under consideration:

"If it looks like a duck, walks like a duck, swims like a duck and quacks like a duck, it's a duck"

Wath is thins error with the bcn wallet?
https://imgur.com/a/QHnyj

I have a question if anyone knows where you can buy Bytecoina ?? Because at https://changelly.com is there any other market that you can buy

While the current BCN development team is daily failing to address the alleged scam accusations, it has solemnly promised to hugely refute, so it seems that they may feel they need to speak about much less significant issues to their community such as "the technology, dev contribution, specifications, etc", and so they are promising to answer these community questions, however they have not indicated that they wish to speak about the issues at the publicly moderated forum, but at the reddit website.

Perhaps some may wish to re-address there the issues, brought up in this thread.

https://www.reddit.com/r/BytecoinBCN/comments/6zvx6v/new_section_your_questions_to_the_dev_team_sep_13/

Are they not feeling easy answering the questions for more than 3 days, and so that's why "the section will be opened till September 20, the devs will give the answers till September 23"?

FWIW.

Hmmm I'm a bit disappointed as today's price fell Bytecoin at $ 0.001509 it's automatically at https://changelly.com BCN wogle does not exist and I do not have the option to buy Bytecoina and it's not the first time it's so bad it's a scam or can someone explain?

What's with all of the websites that won't allow Bytecoin to X currency exchanges? Changely and MoneroWallet show Bytecoin is worth 0.

For several days now I can not synchronize my wallet on two computers. It seems there are peeps, but all 5 days is not enough.
And a big CPU load is 60% (although it always seems so).

I lose 90k coins,I sent to BCN wallet and now I cant download blockchain!!!!!!!!!!!! waiting for sync 5 years.
Blockchain file is too big 7.2 GB and in this downloading site after 2,5 GB free downloading is stopped!