Bitcoin Forum
June 25, 2024, 08:27:22 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Bytecoin Price Discussion/Analysis – 9/6/2015  (Read 782 times)
srgkrgkj (OP)
Legendary
*
Offline Offline

Activity: 1218
Merit: 1000



View Profile
September 06, 2015, 03:11:00 PM
 #1

http://themerkle.com/coins/bytecoin-price-discussionanalysis-962015/

Bytecoin has been one of the major market movers of the week, increasing in value after a lengthy period of stagnation and proving that the coins markets still have life in them. While the coin itself has a minuscule value it has seen a decent price rise over the past 24 hours which has seen a increased volume and market cap in accordance to the new liquidity and capital which has been flowing in.
./...

GriffinHeart
Full Member
***
Offline Offline

Activity: 182
Merit: 100


Hello there!


View Profile
September 06, 2015, 05:06:08 PM
 #2

Nope, nope, nopety nope.
I wouldn't touch bytecoin if they were giving it away for free.
I conclusion, nope.

Hi there, I'm from South Africa.
This means I'm poor, I guess.
ArticMine
Legendary
*
Offline Offline

Activity: 2282
Merit: 1050


Monero Core Team


View Profile
September 06, 2015, 07:39:34 PM
 #3

Nope, nope, nopety nope.
I wouldn't touch bytecoin if they were giving it away for free.
I conclusion, nope.

I agree. The first fundamental problem with Bytecoin is the 82% premine / ninjamine. The question as to: Is Bytecoin a premine? (the most likely) or a ninjamine? (the position of many Bytecoin supporters) has been discussed at length in the following thread https://bitcointalk.org/index.php?topic=740112.0.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
smoothie
Legendary
*
Offline Offline

Activity: 2492
Merit: 1473


LEALANA Bitcoin Grim Reaper


View Profile
September 06, 2015, 07:59:53 PM
 #4

Won't touch bytecoin with a 1000 foot pole.

Best to stay far away

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
 
smooth
Legendary
*
Offline Offline

Activity: 2968
Merit: 1198



View Profile
September 06, 2015, 08:40:36 PM
Last edit: September 06, 2015, 09:38:51 PM by smooth
 #5

Nope, nope, nopety nope.
I wouldn't touch bytecoin if they were giving it away for free.
I conclusion, nope.

I agree. The first fundamental problem with Bytecoin is the 82% premine / ninjamine. The question as to: Is Bytecoin a premine? (the most likely) or a ninjamine? (the position of many Bytecoin supporters) has been discussed at length in the following thread https://bitcointalk.org/index.php?topic=740112.0.

It's quite remarkable when the best argument "supporters" can come up with is: No, it isn't this type of scam, it's that type of scam instead.

Also, be aware that Bytecoin's backers have been outed as engaging in aggressive and paid media manipulation, especially with stories in cointelegraph last year, trying to "slip it into" Wikipedia, etc. Any article you read on the web that is favorable about it has an excellent chance to be paid-for or worse. This doesn't really include the one above as it wasn't very favorable and appears to be written from the perspective of a speculator who saw the recent chart action but doesn't know anything about the coin itself or the shady characters behind it.

P-Funk
Sr. Member
****
Offline Offline

Activity: 360
Merit: 250

Token


View Profile
September 07, 2015, 07:08:13 AM
 #6

Analysis for all time: Bytecoin would be worth a damn if its developers decided to be on the up and up and build something fair for all to use, instead of being extremely shady and greedy. Could've used a more imaginative name too Tongue
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!