Monero and Quazarcoin (and the rest) are all useless clones from the technology point of view. They can obviously create a big community and contribute to the Bytecoin code base (there are already accepted pull requests from those projects), but they are NOT innovative, they are clones, again that doesn't mean much in this world (read Dogecoin).
Fantomcoin is useful because it added merged mining.
This thread is about Bytecoin, so, again, please take your trolling to the corresponding threads. There is people here (me) that is not interested at all in all the clones that have appeared and will continue to appear ad infinitum using the Bytecoin codebase.
Bytecoin can (and will IMHO) succeed where Bitcoin failed, and by _success_ I don't mean that Bytecoin value will (substantially) increase, but I really think it will be used.
There is obviously something shady behind Bytecoin, but there is also obviously talent behind it.
We will see what prevails in the end.
Good luck.
Wow very interesting. I think I speak for many people here that the CryptoNote currencies do not intend to replace Bitcoin. You desperately need to read the white paper. The author of CryptoNote intends for multiple currencies to co-exist together. They make action towards this goal by stripping all of "Script" from the transaction reducing the transactions to a more cash like operation. CryptoNote coins have no intention of becoming programmable money in the sense that Ethereum or Bitcoin or Nxt do. CryptoNote coins seek to do a thing and do it very well. (anonymity.) TL:DR: The authors of CryptoNote do not intend for a future world where only once currency exists and this is clear by their actions. #################### Also network effect is very important, Ninja mined coins generally lack the network effect. This is an important feature, unfortunately some people are too obsessed with computer code to realize it. Hint: Monero introduces an innovation into the marketplace, that is a fair and just launch. Good luck. |
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...
That was received May 18
Cool. Good nice proof right there. To everyone who wants Mintpal: Can we stop talking about Mintpal now? It makes the Monero community seem desperate. We asked and that is it. I will not beg. |
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I really feel that Mintpal should be a goal for this coin. "It's not ready yet" isn't an excuse.
I've asked many times. I have asked to also be listed on the voting page many times. They don't care for Monero. Not really sure what else you want to do? Perhaps pay them some Bitcoins, they might add Monero then. I said this before in this thread and some people said they didn't want it on Mintpal. I didn't know that someone had tried to ask them. That is a shame that they are not interested. Have you actually recieved a reply from them or did they just not respond? I sent them support request for voting and got no replies, I then asked on IRC and also talked to both the Mintpal people on IRC via PM and every time they just were not interested at all. I asked every 3 days for a while to see if they change their minds whilst Monero market was growing but they don't care. So yeah I got replies. Not interested for now. |
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I really feel that Mintpal should be a goal for this coin. "It's not ready yet" isn't an excuse.
I've asked many times. I have asked to also be listed on the voting page many times. They don't care for Monero. Not really sure what else you want to do? Perhaps pay them some Bitcoins, they might add Monero then. |
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The first implementation was called Bytecoin but it was mined over two years (Ninja style) in secret with unchanging difficulty. Monero is our communities based fresh start.
It's not even clear it was two years. (No independent evidence whatsoever of its existence prior to late 2013 is available.) If it really were mined for two years with code implemented as was obviously intended by the design (using AES hardware in Intel CPUs), that would be less than 10 PCs mining it, which is somewhat implausible. It is entirely possible they gened the whole blockchain in a much shorter period of time on a server farm or cloud nodes. The whole thing is extremely shady and totally lacking even if the most basic transparency, which is why bytecoin is essentially dead now, and Monero is thriving. How would you generate the blockchain without mining it properly? You mean faking the timestamps in the header or something? |
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Ken,
-Will the company continue?
-Why is the company in a good position?
Yes, this is just a bump in the road. does it mean i can keep my shares and get dividends?? Shares yes, Dividends no. The dividend is about to go to the US Government, Thanks for protecting us MSD! Thanks for stealing everything this company has earned in the last 9 months! Thankyou so much! |
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A thousand users at least? And why was the mining difficulty stagnant for two years?
Not buying this at all.
On a real note, you are missing the key work here, "users". Not miners but users. Guys, news flash. It's dead. The strategy might have worked, but it didn't. Just stop. Hey, I support both Monero and Bytecoin. Since the first day this was on the forum and the first day Monero posted an ANN. I have no bias toward either, but one should not forget their roots, no matter how bad the conditions. So to come here is disrespect this coin and what the devs have done (which in turn Monero would be nothing) seems almost silly. As we speak the devs are working on something new, to come here smooth and make a mockery of the coin shows poorly on Monero in my eyes. I respect your views and what you are trying to say but you may need the Bytecoin devs one day. I agree. I will show my distaste for the ninja mine. The stagnant difficulty says everything. But, the Bytecoin developers did make this thing, so let's not forget that. And Bytecoin's hashrate is close to QCN, so it's not dead either. One of these (BCN, QCN, BBR) may become Litecoin to Monero. |
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So is this an actual new code base or is it using Bitcoin code somehow?
Meaning did they recode from scratch?
My understanding is they coded it from scratch, or perhaps took some code from Bytecoin, which is the first coin based on that new algo, but it didn't take off for various reasons. Well, at least big chunks of the code should be coded from scratch, as it's pretty different from Bitcoin and its forks. Monero is still 98% Bytecoin (not that Bytecoin!) Bytecoin is 100% new code and has no lines from Bitcoin or any of it's alts. The Monero team took Bytecoin and started fresh, because Bytecoin was ninja mined! |
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So is this an actual new code base or is it using Bitcoin code somehow? Meaning did they recode from scratch? Hey Smoothie, it's based on this: https://cryptonote.org/whitepaper.pdf100% new code, it's probably more different than Bitcoin compared to most of the other alternative coins. The chain will be about 5 times larger than Bitcoin eventually, but that is the price to pay for proper anonymity that isn't based on a trusted accumulator (zerocash) or based on nodes that see all (Dark, XC) Have a read of the white paper. The first implementation was called Bytecoin but it was mined over two years (Ninja style) in secret with unchanging difficulty. Monero is our communities based fresh start. |
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An email exchange with someone at CryptoNote that might help others clear up some details...
"Good afternoon,
I was hoping to hear more details about the developers of ByteCoin. There are rumors and fear being spread around online saying that basically 80% of the ByteCoins were ninja-mined from 2012 up until BCN's recent "public release". I can confirm on the blockchain that 83% of the coins are mined already, but I was wondering if CryptoNote had any historical information or more details about working with ByteCoin devs? Who and how many people actually mined these 154 billion coins?
Thank you for your time... "
RE:CryptoNote
"Dear ----,
It is not of our interest to judge the decisions of Bytecoin developers and its outcomes. The coin was indeed released in July 2012 in a cooperation with us. Bytecoin developers are killer coders and are responsible for the vast majority of the CryptoNote's current code base. However, when the coin was released the two teams took completely different paths. CryptoNote went back to the researches, while Bytecoin was focused on building the cryptocurrency and the community. There are polar views on the current distribution of Bytecoin. What we can confirm is that the coin indeed had several groups of early adopters (related to scientific, educational, and gaming industries) and is likely to be spread among at least a thousand users (may well be more). I hope this helps."
A thousand users at least? And why was the mining difficulty stagnant for two years? Not buying this at all. |
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What development plan?
Hey OracionSeis, can you post the source code on github so we can take over this coin and make it work? Or just PM me and you can dump it all directly to me and I will make something happen with this coin. Thanks. |
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Thanks for a great night guys!!!   You must own several million shares now. :p |
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Alright good, I want a painted image of me posing. I know I'm skinny, but paint me with a eight pack and bulging biceps.
This I can do! Haha you haven't seen my logo skills...
..Let's just say they are below average...
Hey, Im a big fan of powerpoint coin logos, lol It's the future... |
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Wow a 2,000,000 AMC buy order.
Whoa.
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I vote for an entirely new coin called, Polymero, with a reduced emission and slashed stake.
I'll do the logo.
Blasphemy Haha you haven't seen my logo skills... ..Let's just say they are below average... |
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On the contrary, I demanded a longer emission schedule and even offered to slack my stash in half to keep it fair as an early adopter to give Monero a longer lifespan.
By the way, I am 100% for reducing emission and slashing our stake.  It'll build a stronger price in the next couple of years and we'll get more money per coin than way less money per coin if not. I vote for reduced emission and slashed stake. I vote for an entirely new coin called, Polymero, with a reduced emission and slashed stake. I'll do the logo. |
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Under the rules I should get:
40,000 * 0.0025 @ $100
= $10,000 + 8% interest =
$10,800.
I look forward to the proceedings.
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On the contrary, I demanded a longer emission schedule and even offered to slack my stash in half to keep it fair as an early adopter to give Monero a longer lifespan.
By the way, I am 100% for reducing emission and slashing our stake. It'll build a stronger price in the next couple of years and we'll get more money per coin than way less money per coin if not. I vote for reduced emission and slashed stake. |
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Utopianfuture, from the main page somewhere you made it seem like there is a limit to how many people can sell their Nemstake via the Nxt asset market.
Am I wrong? Did I misread that?
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I like the logo. Perhaps add some gloss to it like the Apple logo? Or not. It's cool |
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