Very, very few people truly understand how Zcash works. Even Zooko can't explain it. A backdoor could be something as simple as a vulnerability that they either accidentally found, or intentionally placed, and then kept secret. It's not like there's a big "THIS IS THE BACKDOOR!" comment in the code. It would be an extremely obscure vulnerability, that could then be used to deanonymize transactions. Considering that the founder essentially admitted there are ways for them to make Zcash useless for criminals, it's far from absurd to say that Zcash has backdoors. To me, it's practically 100% certain that they're there.

Like we needed any more reason to stay away after 20% premine.


EDIT:
Was the backdoor in the seed? If so, ZClassic also has the same backdoor?

Alphabay definetly made researches from their specs.bussines depends from it. No reason to make false agreement.

then when they added ZEC they got raided almost immediately.

Can't help to feel that the btc uncertainty can be positive for monero in the short run.

For those who haven't noticed yet, rehrar has revamped the official website:

https://getmonero.org/

The progress on its development is conservative but it's going smoothly.

Have you seen this?  It appears that crooks are getting smarter.

https://www.bleepingcomputer.com/news/security/star-trek-themed-kirk-ransomware-brings-us-monero-and-a-spock-decryptor/
 

Bullshit is holding steady. Aeon price target is $5.0

As I know and what i know i got from Cyptonote forum.  There was a group that worked on cryptonote test coins. They worked some time. They did it for a research and did not wanted to make a real use coin and have financial gain.  Part of them did not agree with them and latter split and started Bytecoin. The other part stayed on cryptonote and researched it further. They also replied in 2014 on cryptonote forum to all that come there for help when starting their cryptonote coins.   So yes bytecoin developers are the one that was part of cryptonote inventors, but not solely. How big was their influence i have no slight idea. maybe 50% maybe 1%.

Is it still developed? When i last check their forum was no news for like a 2 years.

Is cryptonote invented by the same developers who created Bytecoin? I do not know the full history of cryptonote and it would be nice to be given some URLs of articles about its story and how it came to be. Thank you.

Also, what are the updates on Surae's concerns?

Bytecoin has been on Poloniex since '14.  Anyone could buy all they wanted for 1-9 satoshis for months at a time.

You know, this has always been a concern of mine... at the Monero NYC Meetup not too long ago, Surae brought up something that I have been wondering about now since then; and that is, if we got this new awesome crypto algorithm from Bytecoin that we are basing everything on and not Bitcoin's... then how much can we trust it?

That is a very rough paraphrase there, but that's what he was basically saying and he said he was going to look into it in his research at the Monero Research Lab.

I know this doesn't answer your question, lol... sorry. Just was curious if anyone knew any more about that?

It's also funny seeing Aeon barely having any volume on Bittrex while the scam Bytecoin is enjoying the life in the top 10 at coinmarketcap and having good liquidity in Poloniex.

Said there would be a big announcement. People started buying and price went up.
Announcement was basically "there is no announcement. Stop basing your trades on shit people say on Twitter, we only care about writing good code."
People dumped their coins, lost money and got pissed because they expected to get rich overnight.

I was happy because I bought some extra coins on the dip.

Nothing. It just wants to follow big brother Monero.