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Author Topic: [BCN] Bytecoin. Secure, private, untraceable since 2012  (Read 1039180 times)
Ullo
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September 04, 2015, 06:37:47 PM
 #4841

Bytecoin has been updated to version 1.0.8.1 featuring various IWallet API improvements. Moreover, Bytecoin Wallet is out of closed beta with the new 1.0.7.1 version available in the downloads section.

Wallet optimization and fusion transactions are now available to everyone with the newest Bytecoin Wallet release. We would like to thank everyone who took part in closed beta testing this week. Your feedback was a valuable contribution for this wallet version to get released.

Wallet optimization is used to fuse tiny outputs into a smaller number of larger outputs with special fusion transactions. It allows to achieve higher flexibility when sending large Bytecoin sums and standardizes wallet's outputs. Wallet optimization is run in background and is available in Settings menu. Since fusion transactions do not require fee, we highly recommend to have optimization switched on all the time.

Bytecoin BCN core team: https://bytecoin.org/
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September 05, 2015, 08:07:34 AM
 #4842

since no one else posted it in here so far. article covers the bytecoin/cointelgraph connection in a couple of paragraphs.

have fun reading  Cool

https://medium.com/@iandemartino/more-on-cointelegraph-by-a-former-writer-b4e1058b37ca
That's one hell of an article.. Could anyone do a TL;DR?

shortest tl;dr: bytecoin and cointelegraph are conspiring on various levels, are shady as fuck and can't be trusted.

This part was funny... lol

Look at how hard they were trying to sell the fact that BCN was around in 2012.

I was around in 2012 on the crypto scene and Bytecoin was no where to be found. If it existed it was only accessible to very few individuals and was not publicly announced to all prior to launch (like any and every fair launched coin).


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September 05, 2015, 10:46:34 AM
 #4843

This part was funny... lol

Look at how hard they were trying to sell the fact that BCN was around in 2012.

I was around in 2012 on the crypto scene and Bytecoin was no where to be found. If it existed it was only accessible to very few individuals and was not publicly announced to all prior to launch (like any and every fair launched coin).
Seeing the "fast" advancement of Monero within the year and a half of existence, the probability of Bytecoin being launched in 2012 is not small at all.

No one here says Bytecoin was launched publicly.

For me "fair launched coins" are extremely stupid in the current situation, almost fully controlled by speculators, who add no value to the product itself. Should the inventors invest millions of dollars just to be part of their own project?
I prefer the developers have enough money to get the development going. It is my personal choice and I think all who stick around this thread share this view. If you prefer "fair launched coins" go to XMR/XDN/BBR/DSH. The choice is so simple.

Also, it is very likely Bytecoins devs' vision is not 'one will rule them all' as opposed to Monero devs' vision. 'One will rule them all' is just a way to enslave users.
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September 05, 2015, 11:01:10 AM
 #4844

For me "fair launched coins" are extremely stupid in the current situation ... I prefer the developers have enough money to get the development going.

Okay, then maybe the BCN devs should have been up front about having built BCN in 2013 and launched it in 2014 with a massive premine, instead of a fake blockchain, a bullshit story about two years in the deep web, and then trying to sell said story by manipulated press, trying to "slip it in" to Wikipedia, etc. and even now creating new zero-activity sock puppets to continue the same tired nonsense about "the probability of Bytecoin being launched in 2012 is not small".

Ethereum was up front about wanting money for development. They got $15 million ICO and nice premine on top. They didn't need to scam and neither did you. You chose to, and while it could possibly have worked, it is understandable you're now disappointed that it didn't and you got busted. Too bad. Go scam somewhere else.
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September 05, 2015, 11:58:58 AM
 #4845

... even now creating new zero-activity sock puppets ...
I have created a new account just because you Monero guys give negative reputation of all who supports Bytecoin in any way.


instead of a fake blockchain
If you are so sure about the fake blockchain - I am giving you a challenge.
Create a similar fake blockchain to the point of time you say it is fake. I am adding 500 XMR as a bounty, if you succeed within 2 weeks. You have at least 10x the resources Bytecoin's devs supposed to have. Let's see do you really think there is 82% premine, do you really think it's so easy, or you are just FUDing users so they can bite the hook and go to Monero.
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September 05, 2015, 12:16:05 PM
Last edit: September 05, 2015, 12:58:20 PM by smooth
 #4846

give negative reputation of all who supports Bytecoin in any way

Not really, I reserve that honor for the most part to people who aggressively promote the two-years-in-the-darknet scam. People who come along and perhaps support Bytecoin because they are curious or intrigued by it but don't actively promote the fraud are not scamming. You certainly are though.

Quote
instead of a fake blockchain
If you are so sure about the fake blockchain - I am giving you a challenge.
Create a similar fake blockchain to the point of time you say it is fake. I am adding 500 XMR as a bounty, if you succeed within 2 weeks. You have at least 10x the resources Bytecoin's devs supposed to have. Let's see do you really think there is 82% premine, do you really think it's so easy, or you are just FUDing users so they can bite the hook and go to Monero.

I don't know why you think I have 10x the resources they are supposed to have. I have no idea what resources they have and you have no idea what resources I have.

But since you threw out this challenge, let's look at whether 500 XMR is a reasonable budget for it, and more importantly, what was a reasonable budget to have pulled off the premine in the first place.

The average difficulty (eyeballing it here) was around 150000. That's a hash rate slightly more than 1000, so one decent server, five desktops, or 10 laptops. To mine two years worth in two weeks means you need 50x that (50 servers, 250 desktops, or 500 laptops). On AWS servers of this class, cost around $10 per day. 50x for two weeks means the budget is around $7500.  If you stretch that out to two months instead of two weeks, you only need around 12 servers. If you are a sysadmin of even such a small network, or have access to resources from a research cluster, or to botnets, you might not really need to spend anything, but might take a bit longer if you are limited to idle time.

Add to that some programming to create fake transactions, modify the timestamps, etc. Still not very much.

Rough numbers, but fairly close.

So your argument here is basically that the BCN devs couldn't have possibly constructed a fake blockchain because it would cost maybe $7500 of premium priced cloud computing to do it (or less if done with a cheaper resource)?

Alternatively you have the theory of the mining being real, but done over the course of two years by a grand total of about one server or five desktops. Take your pick.
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September 05, 2015, 01:34:08 PM
 #4847

... even now creating new zero-activity sock puppets ...
I have created a new account just because you Monero guys give negative reputation of all who supports Bytecoin in any way.


instead of a fake blockchain
If you are so sure about the fake blockchain - I am giving you a challenge.
Create a similar fake blockchain to the point of time you say it is fake. I am adding 500 XMR as a bounty, if you succeed within 2 weeks. You have at least 10x the resources Bytecoin's devs supposed to have. Let's see do you really think there is 82% premine, do you really think it's so easy, or you are just FUDing users so they can bite the hook and go to Monero.

I don't know why you think I have 10x the resources they are supposed to have. I have no idea what resources they have and you have no idea what resources I have.

But since you threw out this challenge, let's look at whether 500 XMR is a reasonable budget for it, and more importantly, what was a reasonable budget to have pulled off the premine in the first place.

The average difficulty (eyeballing it here) was around 150000. That's a hash rate slightly more than 1000, so one decent server, five desktops, or 10 laptops. To mine two years worth in two weeks means you need 50x that (50 servers, 250 desktops, or 500 laptops). On AWS servers of this class, cost around $10 per day. 50x for two weeks means the budget is around $7500.  If you stretch that out to two months instead of two weeks, you only need around 12 servers. If you are a sysadmin of even such a small network, or have access to resources from a research cluster, or to botnets, you might not really need to spend anything, but might take a bit longer if you are limited to idle time.

Add to that some programming to create fake transactions, modify the timestamps, etc. Still not very much.

Rough numbers, but fairly close.

So your argument here is basically that the BCN devs couldn't have possibly constructed a fake blockchain because it would cost maybe $7500 of premium priced cloud computing to do it (or less if done with a cheaper resource)?

Alternatively you have the theory of the mining being real, but done over the course of two years by a grand total of about one server or five desktops. Take your pick.

My argument is that faking the blockchain is so time and resource consuming that it is more likely a group/organisation to spend the time/resources for actual development.

Don't forget you have more optimised mining software.
Don't forget you had year and a half to play with a working code.
Those 2 things give you at least 10x advantage.

What you are actually saying is - they developed and tested the code, then not used it to mine. Instead, they decided to take time to build an optimised miner. Then they took time to build a software to generate a fake blockchain. Then they took time to actually generate the blockchain.
On top of that, they had a time to probably build a pool, an exchange and a merge mining coin (fantomcoin).

The small number of miners scenario is the more likely option, at least for me. But we all can see that from the blockchain.

Aren't the dividends of proofing fake blockchain can be real scenario worth more than $7500 for Monero?
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September 05, 2015, 10:27:16 PM
Last edit: September 05, 2015, 10:43:35 PM by smooth
 #4848

Don't forget you have more optimised mining software.

Nobody believes that in two years the mining software wasn't optimized. In fully 100% of the cases of coins using some particular mining algorithm, miners have gone and optimized it, from tweaking the code, figuring out how to mine on GPUs, eventually building ASICs, etc. In fact, even in the case of BCN this happened: Once it was release, within a few months there were multiple people optimizing the mining code with great successful and multiple independently-developed GPU miners that were about 2x as efficient than CPUs in terms of hash/watt possibly even more in hash/$.

If miners did not optimize in two years of BCN's "history", it would be the first time that has ever happened in the history of cryptocurrencies. Sorry, implausible.

It is far more plausible that the optimized mining software was just not released, or even more that it was deliberately de-optimized/crippled. That's in fact exactly what the expert who optimized the mining software said. It was obvious to him -- in working on the code -- that it was "deliberately crippled", which means the original developers DID have optimized mining software.

Quote
Aren't the dividends of proofing fake blockchain can be real scenario worth more than $7500 for Monero?

No, we don't spend money on hype, and nobody is really being fooled by BCN's fraud any more, so what's the point?

Especially once it has been explained in clear terms (which you did not dispute) how it clearly could be done by anyone with a bit of money to spend or access to a few computers (not even that many -- background task on PCs a small office would be sufficient). Actually burning the $7500 proves nothing beyond that.
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September 05, 2015, 11:47:25 PM
 #4849

This part was funny... lol

Look at how hard they were trying to sell the fact that BCN was around in 2012.

I was around in 2012 on the crypto scene and Bytecoin was no where to be found. If it existed it was only accessible to very few individuals and was not publicly announced to all prior to launch (like any and every fair launched coin).
Seeing the "fast" advancement of Monero within the year and a half of existence, the probability of Bytecoin being launched in 2012 is not small at all.

No one here says Bytecoin was launched publicly.

For me "fair launched coins" are extremely stupid in the current situation, almost fully controlled by speculators, who add no value to the product itself. Should the inventors invest millions of dollars just to be part of their own project?
I prefer the developers have enough money to get the development going. It is my personal choice and I think all who stick around this thread share this view. If you prefer "fair launched coins" go to XMR/XDN/BBR/DSH. The choice is so simple.

Also, it is very likely Bytecoins devs' vision is not 'one will rule them all' as opposed to Monero devs' vision. 'One will rule them all' is just a way to enslave users.

Wow you do sound pretty butthurt. Nowhere did I mention anything about Monero yet you jumped on Monero so fast.

Very telling.

So you think it is stupid to publicly (and beforehand) launch  a coin? And it is stupid because it would be controlled by speculators? Because speculators add NO VALUE to the coin?

1. Publicly launching a coin shows trust (transparency). Any coin that is launched in secrecy with a huge 80% premine is essentially a scam as the coin now is centralized by supply (few people hold the majority of all of the BCN to ever be put into circulation).

2. How is it stupid to launch publicly because it would be controlled by speculators? Isn't BCN now being public essentially open to speculators? Sounds like double talk.

3. Speculators do add value as they bring money to the market. If there is no money to trade for the coin then essentially there is less value. Depends on what you define as value. Money in many markets, when it is brought to that market, does add value.

The free market is speaking very clearly given the amount of non-support ByteCoin has currently. The free-market is what matters.

If Bytecoin was such a good option for more people to use THEY WOULD BE USING IT and NOT MONERO.


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           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
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███████████████████████████████████████

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September 06, 2015, 11:03:25 AM
Last edit: September 06, 2015, 11:27:06 AM by plasmaaa
 #4850

Nowhere did I mention anything about Nowhere did I mention anything about Monero yet you jumped on Monero so fast.
Since Monero is the biggest example of "fairly launched coin" in the Cryptonote space what should I compare Bytecoin to?
I can compare it to Boolberry also, which is almost completely dead because of the "fair launch" and 0 support from the speculators to the developer.
It is comparable to Dashcoin, but there is 0 support from speculator to developers also
It is incomparable to DigitalNote, because it use proof of stake.
It is incomparable to AEON, because the coin died because of the fair launch and it had to be mined for over half year from 5 people at most to be resurrected. So the coin distribution is certainly worst than Bytecoin.

What are you suggesting as good option for comparing?
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September 06, 2015, 12:29:07 PM
 #4851

Nowhere did I mention anything about Nowhere did I mention anything about Monero yet you jumped on Monero so fast.
Since Monero is the biggest example of "fairly launched coin" in the Cryptonote space what should I compare Bytecoin to?
I can compare it to Boolberry also, which is almost completely dead because of the "fair launch" and 0 support from the speculators to the developer.
It is comparable to Dashcoin, but there is 0 support from speculator to developers also
It is incomparable to DigitalNote, because it use proof of stake.
It is incomparable to AEON, because the coin died because of the fair launch and it had to be mined for over half year from 5 people at most to be resurrected. So the coin distribution is certainly worst than Bytecoin.

What are you suggesting as good option for comparing?

Simple: I never insinuated to compare bytecoin to anything nor suggested it.


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                   ²²²                 
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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
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September 08, 2015, 06:50:46 AM
 #4852

Everyday i`m reading about bcn this and that if you don`t like stay away..
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September 09, 2015, 12:39:02 AM
 #4853

It is comparable to Dashcoin, but there is 0 support from speculator to developers also

Dashcoin has a little bit of twist..indirect devs of dashcoin are bytecoin devs..

anyway bytecoin development is on fire  Cool... and dashcoin thank you for all of that.
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September 09, 2015, 12:51:25 AM
 #4854

It is comparable to Dashcoin, but there is 0 support from speculator to developers also

Dashcoin has a little bit of twist..indirect devs of dashcoin are bytecoin devs..

anyway bytecoin development is on fire  Cool... and dashcoin thank you for all of that.

it's just another premined scam. You people amaze me with your constant stupidity. I should stop watching this thread but it's fascinating watching a major scam keep going forever!  Tongue
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September 09, 2015, 01:53:55 AM
 #4855

It is comparable to Dashcoin, but there is 0 support from speculator to developers also

Dashcoin has a little bit of twist..indirect devs of dashcoin are bytecoin devs..

anyway bytecoin development is on fire  Cool... and dashcoin thank you for all of that.

it's just another premined scam. You people amaze me with your constant stupidity. I should stop watching this thread but it's fascinating watching a major scam keep going forever!  Tongue

Nope it is not, mined and watched DSH since its launch...it is really fascinating that bytecoin is still going on though.
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September 09, 2015, 06:45:02 AM
 #4856

I`m still making money on it so i`m here to stay Smiley
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September 10, 2015, 04:47:36 PM
 #4857

----Beware of this pool -------

Been waiting to receive close to 50,000 mined BCN from these chumps at http://bytecoin.xminingpool.com/

Emailed support no response.....Just a warning - been over 30 days now and nothing in the wallet.

Today put in the wallet address and there's nothing there. Vanished GOX style.

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wildduck
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September 11, 2015, 08:50:59 AM
 #4858

I think it`s better to use some verify pool
miner.center
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September 11, 2015, 09:40:48 AM
 #4859

----Beware of this pool -------

Been waiting to receive close to 50,000 mined BCN from these chumps at http://bytecoin.xminingpool.com/

Emailed support no response.....Just a warning - been over 30 days now and nothing in the wallet.

Today put in the wallet address and there's nothing there. Vanished GOX style.

Hi crazyhashmanz,

We've got an issue with our email support and some tickets got lost along the way. We apologize for it and for the inconvenience it caused you.

Everything is working properly now and you can contact our email support one more time. Or, you can contact me here directly if you'd like.

Once again, sorry for inconvenience.
Eastwind
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September 11, 2015, 10:26:02 AM
 #4860

For me "fair launched coins" are extremely stupid in the current situation ... I prefer the developers have enough money to get the development going.

Okay, then maybe the BCN devs should have been up front about having built BCN in 2013 and launched it in 2014 with a massive premine, instead of a fake blockchain, a bullshit story about two years in the deep web, and then trying to sell said story by manipulated press, trying to "slip it in" to Wikipedia, etc. and even now creating new zero-activity sock puppets to continue the same tired nonsense about "the probability of Bytecoin being launched in 2012 is not small".

Ethereum was up front about wanting money for development. They got $15 million ICO and nice premine on top. They didn't need to scam and neither did you. You chose to, and while it could possibly have worked, it is understandable you're now disappointed that it didn't and you got busted. Too bad. Go scam somewhere else.


It's better to be open up front.
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