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Author Topic: [BCN] Bytecoin. Secure, private, untraceable since 2012  (Read 1043820 times)
child_harold
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August 12, 2015, 08:22:55 AM
 #4801

I must say this is such a shame the developers chose this route. They could easily have a fair launch and mine a lot of coins honestly. Or perhaps come clean and instamine less than 5% and be open about it. This coin would easily be among the top 3 if things went a different route. The developers are very good and active, and the coin is very innovative.

One word. Ethereum.

Quote
If the developers have any hope on keeping this project alive in the long term they have to come clean, admit the forgery of documents, premine and destroy any premined coin. This very good development that is happening has to continue, too. That way, bytecoin may have a chance of being a really big and disruptive coin.
I think we as a community should deal with this as soon as possible. I have mined bcn for awhile now but I will sell it all and I highly recommend everyone to do so and abandon bytecoin if this keeps going on. You can only ignore everyone for so long.

Could you please address this, Ullo and others? Every day this is ignored is a day spent regardless of good and innovative development.

They have addressed it, even Ullo specifically, by denying and obfuscating and piling more lies and non-sequeteurs on top of lies. Don't expect anything different.

There is quite honestly no reason for the Bytecoin project to exist at this point beyond trying to pull value out of the premine. If you want a non-scam Cryptonote, there is Monero, AEON, BBR and others (disclosure: I'm associated with Monero and AEON but not with BBR, or any others) and the Bytecoin developers, if they want to do legitimate work and push the technology forward are welcome to contribute to any of these transparent open source projects. There is even Dashcoin, an almost-exact but relaunched clone of Bytecoin, though I personally think that inheriting Bytecoin's accelerated emissions curve has made it a bit too fastmined.

They can even make money, if that is their goal, by buying coins, which in all of these cases are still very cheap.




the moronero community have tainted virtually every other CN coin in existence (inc BBR which you mention above) with the scam brush. additionally you speak of BCN's fast emission curve when your own is not much slower.

BCN has a blockchain and when the coin came to public attention in 2014 the amount of coins mined was transparent & clear for all to see. People can argue about who mined the coins, what's new? same goes for any coin. I do not see any scam. The code is open-source after all so if you have concerns over the distribution (as I do with every single crypto-currency today) either fork it or invest in it to improve the distribution.

mywalk: I must say this is such a shame the developers chose this route. They could easily have a fair launch and mine a lot of coins honestly

There is one possible issue with the "fair launch" route. If a "malicious entity" gets hold of a large percentage (say 70%+) of a cryptonote coins total supply the entity has a chance of de-anonymizing the transaction. A "fair" launch would permit malicious entities from mining large amounts of coin from day 1. This is a vulnerability all CN coins have. Assuming the BCN devs are actually well-meaning cypherpunks it is possible mining on the darknets was an attempt to shut-out enemies.

p.s. fair launches don't exist for proof-of-work coins. do you have a botnet/mining farm? no, neither do I.

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smooth
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August 12, 2015, 08:30:14 AM
Last edit: August 12, 2015, 09:28:48 AM by smooth
 #4802

the moronero community have tainted virtually every other CN coin in existence (inc BBR which you mention above) with the scam brush.

I have no issue with BBR in terms of scamming. If someone else does you will have to take it up with them. Off topic here though.

Quote
additionally you speak of BCN's fast emission curve when your own is not much slower.

Again largely off topic, but yes I consider 2x, plus an additional tail reward, quite significant, and I've been on the record as saying that coins 1/2 the speed of BCN are likely borderline too fast, which means BCN is certainly too fast.

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p.s. fair launches are a fallacy with all proof-of-work coins.

I disagree, and I don't think you've even thought that statement. A fair launch is pretty easily definable concept.

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do you have a botnet/mining farm?

No, although I have done mining as an enthusiast for years. Again off topic.

Thank you for keeping the discussion about the BCN scam going though. No one believes your "they had to destroy premine the coin in order to save it" rationalization one bit. Relative probability of that <1%. Greed and scamming >99%.
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August 12, 2015, 08:34:58 AM
 #4803

well lets get on-topic and discuss the following, if you're up to it:

Today we’ve released Bytecoin version 1.0.7 and Bytecoin Wallet version 1.0.6.

This is a major update for Bytecoin network and we urge everyone to update your clients and wallets to the latest version to ensure compatibility with 1.0.8 version.

This update features:

  • New feature called Fusion transactions. This feature is designed to help users combine smaller transaction inputs into the bigger ones. Fusion transactions are going to be a part of the block and won’t take up more than 30% of the median block size.
  • Various Simplewallet and Bytecoin Wallet improvements

In this update we’ve introduced new daemon rules, users will be able to optimize their wallets in 1.0.8 update that is coming up soon.

Bytecoin Wallet can now import and export tracking keys. Tracking key is a combination of public and private keys. Anyone possessing wallet's tracking key can view all funds that were transferred to the account, but he can neither view the outgoing transactions nor spend the money.

As we mentioned before, this is a major update that introduces new block template rules. Download latest version of Bytecoin reference client and Bytecoin Wallet on our Downloads page to ensure compatibility with 1.0.8 version. 

You can find more about the 1.0.7 release here: https://bytecoin.org/news/bytecoin-major-update-1.0.7-introduces-fusion-transactions/





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August 12, 2015, 08:42:53 AM
 #4804

well lets get on-topic and discuss the following, if you're up to it:

Okay.

The fusion transactions thing is a trivial change that counts inputs and outputs on a transaction and omits the fee check (up to a limited amount of blockspace) if the ratio is <1/3. That's something that would take a programmer of modest skill who didn't even necessarily understand the code base not very long to implement. I don't have a strong opinion on the merits of it, I could see arguments for it being a good or a bad idea.

I can't comment on the wallet changes in general because it is closed source. Although I can say that displaying and importing tracking keys is also trivial (just displaying or reading some hex-formated numbers that exist in a wallet), and I say that in part because another cryptonote coin added that in open source several months ago.

Overall there is nothing here that would suggest anything other than "keep the appearance of development going so some fools will buy and we can eventually unload a good chunk of the premine".
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August 12, 2015, 12:46:43 PM
Last edit: August 12, 2015, 06:20:35 PM by mywalk
 #4805

This "they had to premine over 80% of the coins in order to """"prevent"""" malicious entities, and lie about it multiple times" comment is so absurd I am not even going to reply it. If you want people to take you seriously I suggest you to think before typing such comments, or else people will believe you are a shill or something because that's so absurd.

As for the updates, yes I do believe they are developing well. They seem to be miles ahead of any other CN coin, including monero.

I thought this would obviously be open source, like all other coins are and are supposed to be. Yet another bad surprise to hear this is closed source.
I hope everything pans out well with this coin.

EDIT: It seems the closed source thing is a lie. https://github.com/amjuarez/bytecoin
Forking could be an option.
smooth
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August 12, 2015, 10:15:40 PM
 #4806

EDIT: It seems the closed source thing is a lie. https://github.com/amjuarez/bytecoin
Forking could be an option.

The GUI wallet is closed source.

The coin (without GUI wallet) has been forked like 30 times already, starting back in April last year when the community started to figure out what a joke this launch was.



 
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August 12, 2015, 10:17:31 PM
 #4807

Anyone else having problem syncing since last release? I get 0 peers.
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August 12, 2015, 10:40:57 PM
 #4808

EDIT: It seems the closed source thing is a lie. https://github.com/amjuarez/bytecoin
Forking could be an option.

The GUI wallet is closed source.

The coin (without GUI wallet) has been forked like 30 times already, starting back in April last year when the community started to figure out what a joke this launch was.



 

Hi BCN community,

I am investigating Smooth as a developer who spends his entire day attacking his competitors, with 50 posts attacking 3 competitors today.  I am not here to assess the validity of any particular coin and I have never invested in BCN or know much about it apart from it was the original Cryptonote coin. 

Feel free to vote or provide any info on Smooth that might be relevant.

https://bitcointalk.org/index.php?topic=1151565.0
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August 13, 2015, 11:01:25 AM
 #4809

Anyone else having problem syncing since last release? I get 0 peers.


What is your OS? Do you use GUI or reference client? Please, give me more details of the problem.

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August 13, 2015, 11:26:48 AM
Last edit: August 13, 2015, 06:34:18 PM by mywalk
 #4810

Anyone else having problem syncing since last release? I get 0 peers.


What is your OS? Do you use GUI or reference client? Please, give me more details of the problem.
Windows 10
GUI
I already tried deleting the whole bytecoin folder in %appdata% but 0 peers still and I cannot download any block. This didn't happen before. I can download blocks fine on bitcoin and any other coin.
I already deleted %appdata%/bytecoin and went back to 1.0.5 but still the same problem occur. It is allowed on windows firewall.

I tried bytecoind and same thing happens.
2015-Aug-13 09:31:42.709836 INFO [daemon] bytecoin v1.0.7.564()
2015-Aug-13 09:31:42.709836 INFO [daemon] Module folder: C:\Users\x\Downloads\bytecoin-windows\bytecoin-windows\bytecoind.exe
2015-Aug-13 09:31:42.725449 INFO [daemon] Initializing p2p server...
2015-Aug-13 09:31:42.756716 INFO [node_server] Binding on 0.0.0.0:8080
2015-Aug-13 09:31:42.772330 INFO [node_server] Net service binded on 0.0.0.0:8080
2015-Aug-13 09:31:42.772330 INFO [node_server] Attempting to add IGD port mapping.
2015-Aug-13 09:31:43.999198 INFO [node_server] Added IGD port mapping.
2015-Aug-13 09:31:43.999198 INFO [daemon] P2p server initialized OK
2015-Aug-13 09:31:44.014787 INFO [daemon] Initializing core...
2015-Aug-13 09:31:44.014787 INFO [Blockchain] Blockchain not loaded, generating genesis block.
2015-Aug-13 09:31:44.030411 INFO [Blockchain] Blockchain initialized. last block: 0, d1135.h7.m31.s44 time ago, current difficulty: 1
2015-Aug-13 09:31:44.046037 INFO [daemon] Core initialized OK
2015-Aug-13 09:31:44.046037 INFO [daemon] Starting core rpc server on address 127.0.0.1:8081
2015-Aug-13 09:31:44.060208 INFO [daemon] Core rpc server started ok
2015-Aug-13 09:31:44.061194 INFO [daemon] Starting p2p net loop...
2015-Aug-13 09:31:44.061194 INFO [node_server] Starting node_server
2015-Aug-13 09:32:41.736838 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds
2015-Aug-13 09:32:41.752409 INFO [core]
2015-Aug-13 09:32:41.752409 INFO [core] **********************************************************************
2015-Aug-13 09:32:41.752409 INFO [core] The daemon will start synchronizing with the network. It may take up to several hours.
2015-Aug-13 09:32:41.752409 INFO [core]
2015-Aug-13 09:32:41.752409 INFO [core] You can set the level of process detailization* through "set_log <level>" command*, where <level> is between 0 (no details) and 4 (very verbose).
2015-Aug-13 09:32:41.752409 INFO [core]
2015-Aug-13 09:32:41.752409 INFO [core] Use "help" command to see the list of available commands.
2015-Aug-13 09:32:41.752409 INFO [core]
2015-Aug-13 09:32:41.752409 INFO [core] Note: in case you need to interrupt the process, use "exit" command. Otherwise, the current progress won't be saved.
2015-Aug-13 09:32:41.752409 INFO [core] **********************************************************************
2015-Aug-13 09:33:23.251392 ERROR [node_server] [85.25.194.245:8080 OUT] COMMAND_HANDSHAKE Failed, wrong network!  (00000000-0000-0000-0000-000000000000), closing connection.
2015-Aug-13 09:33:23.313846 WARNING [node_server] Failed to HANDSHAKE with peer 85.25.194.245:8080
2015-Aug-13 09:33:39.067709 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds
2015-Aug-13 09:34:02.732990 ERROR [node_server] [85.25.196.146:8080 OUT] COMMAND_HANDSHAKE Failed, wrong network!  (00000000-0000-0000-0000-000000000000), closing connection.
2015-Aug-13 09:34:02.815552 WARNING [node_server] Failed to HANDSHAKE with peer 85.25.196.146:8080
2015-Aug-13 09:34:34.510578 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds
2015-Aug-13 09:35:34.140857 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds
2015-Aug-13 09:35:47.792689 ERROR [node_server] [62.75.236.152:8080 OUT] COMMAND_HANDSHAKE Failed, wrong network!  (00000000-0000-0000-0000-000000000000), closing connection.
2015-Aug-13 09:35:47.870757 WARNING [node_server] Failed to HANDSHAKE with peer 62.75.236.152:8080
2015-Aug-13 09:35:52.445501 ERROR [node_server] [85.25.194.245:8080 OUT] COMMAND_HANDSHAKE Failed, wrong network!  (00000000-0000-0000-0000-000000000000), closing connection.
2015-Aug-13 09:35:52.472084 WARNING [node_server] Failed to HANDSHAKE with peer 85.25.194.245:8080
2015-Aug-13 09:36:29.158836 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds
2015-Aug-13 09:37:20.224351 ERROR [node_server] [85.25.194.245:8080 OUT] COMMAND_HANDSHAKE Failed, wrong network!  (00000000-0000-0000-0000-000000000000), closing connection.
2015-Aug-13 09:37:20.289053 WARNING [node_server] Failed to HANDSHAKE with peer 85.25.194.245:8080
2015-Aug-13 09:37:25.513880 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds
2015-Aug-13 09:37:40.392118 ERROR [node_server] [85.25.196.145:8080 OUT] COMMAND_HANDSHAKE Failed, wrong network!  (00000000-0000-0000-0000-000000000000), closing connection.
2015-Aug-13 09:37:40.436229 WARNING [node_server] Failed to HANDSHAKE with peer 85.25.196.145:8080
2015-Aug-13 09:37:54.521831 ERROR [node_server] [85.25.196.146:8080 OUT] COMMAND_HANDSHAKE Failed, wrong network!  (00000000-0000-0000-0000-000000000000), closing connection.
2015-Aug-13 09:37:54.582636 WARNING [node_server] Failed to HANDSHAKE with peer 85.25.196.146:8080
2015-Aug-13 09:38:02.539148 ERROR [node_server] [5.199.168.138:8080 OUT] COMMAND_HANDSHAKE Failed, wrong network!  (00000000-0000-0000-0000-000000000000), closing connection.
2015-Aug-13 09:38:02.570354 WARNING [node_server] Failed to HANDSHAKE with peer 5.199.168.138:8080
2015-Aug-13 09:38:18.270166 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds
2015-Aug-13 09:39:09.431693 ERROR [node_server] [5.199.168.138:8080 OUT] COMMAND_HANDSHAKE Failed, wrong network!  (00000000-0000-0000-0000-000000000000), closing connection.
2015-Aug-13 09:39:09.494191 WARNING [node_server] Failed to HANDSHAKE with peer 5.199.168.138:8080
2015-Aug-13 09:39:14.749793 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds
2015-Aug-13 09:40:00.108031 ERROR [node_server] [85.25.194.245:8080 OUT] COMMAND_HANDSHAKE Failed, wrong network!  (00000000-0000-0000-0000-000000000000), closing connection.
2015-Aug-13 09:40:00.178598 WARNING [node_server] Failed to HANDSHAKE with peer 85.25.194.245:8080
2015-Aug-13 09:40:10.653014 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds
2015-Aug-13 09:41:03.745681 ERROR [node_server] [85.25.196.144:8080 OUT] COMMAND_HANDSHAKE Failed, wrong network!  (00000000-0000-0000-0000-000000000000), closing connection.
2015-Aug-13 09:41:03.808194 WARNING [node_server] Failed to HANDSHAKE with peer 85.25.196.144:8080
2015-Aug-13 09:41:06.126988 ERROR [node_server] [5.199.168.138:8080 OUT] COMMAND_HANDSHAKE Failed, wrong network!  (00000000-0000-0000-0000-000000000000), closing connection.
2015-Aug-13 09:41:06.205102 WARNING [node_server] Failed to HANDSHAKE with peer 5.199.168.138:8080
2015-Aug-13 09:41:06.220728 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds
2015-Aug-13 09:41:50.867623 ERROR [node_server] [85.25.196.144:8080 OUT] COMMAND_HANDSHAKE Failed, wrong network!  (00000000-0000-0000-0000-000000000000), closing connection.
2015-Aug-13 09:41:50.930072 WARNING [node_server] Failed to HANDSHAKE with peer 85.25.196.144:8080
2015-Aug-13 09:41:54.181145 ERROR [node_server] [5.199.168.138:8080 OUT] COMMAND_HANDSHAKE Failed, wrong network!  (00000000-0000-0000-0000-000000000000), closing connection.
2015-Aug-13 09:41:54.263193 WARNING [node_server] Failed to HANDSHAKE with peer 5.199.168.138:8080
2015-Aug-13 09:41:59.505807 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds

Information about the supposed premine would be interesting, too

Monero is working fine.

Even the built-in miner works, but I still can't get peers.
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August 14, 2015, 03:44:35 PM
 #4811

Is this Bytecoin? http://www.coindesk.com/interpol-held-a-dark-market-war-game-using-its-own-cryptocurrency/


Note, that they have also chosen not to answer this:

Or, it is a honey pot.

Ullo, are you or have you been - or anyone else in BCN or CN teams to the best of your knowledge - working with or in co-operation with any law enforcement agencies or national security authorities on the subject of crypto currencies? If the answer is yes, but you are not allowed to answer, then don't, and we will know the answer and you haven't broken your gag order nor lied to us (sting operation / entrapment could get the case dismissed in some jurisdictions so it's in your best interest to not answer if you have to lie).
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August 16, 2015, 04:22:08 PM
 #4812

Anyone else having problem syncing since last release? I get 0 peers.
Same problem! Win7 x64
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August 17, 2015, 08:08:01 AM
 #4813

Still 0 peers problem. Ran out of options and ideas to fix this, specially considering this is the only coin I am facing such issue.
DStrange
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August 17, 2015, 09:48:45 AM
 #4814

Anyone else having problem syncing since last release? I get 0 peers.
Same problem! Win7 x64

Still 0 peers problem. Ran out of options and ideas to fix this, specially considering this is the only coin I am facing such issue.

The devs are currently working on the sync issue. Please, stay assured they do everything possible.

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August 18, 2015, 11:25:17 AM
 #4815

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

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August 18, 2015, 12:01:50 PM
 #4816

Interesting article about bcn..
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August 18, 2015, 12:08:46 PM
 #4817

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?
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August 18, 2015, 12:17:01 PM
 #4818

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.

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August 18, 2015, 12:43:41 PM
 #4819

love it Cheesy
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August 19, 2015, 08:21:32 AM
 #4820

Beside everything i still mine this coin Smiley
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