[BCN] Bytecoin. Secure, private, untraceable since 2012

[David Latapie]

Do not rename BMR, Bitmonero is much better than another "xxxcoin", "monero" is somewhat similar to "coin" in many languages and for sure it's less awkward to pronounce - remember, not everybody speaks English.

We have a proposal internally that I think you will love. The problem is that by discussing it publicly, we would attract cybersquatters - it seems it already happened for bitmonero. If you are interested, PM  me.

[DStrange]

How about the new logo for BCN? Could we do that?
We can organize  logo-contest with a prize from the Call-To-Arms Fund (https://bitcointalk.org/index.php?topic=563356.0)
I think about something 8-bit black and orange, but more stylish than existing logo.

Are there any designers in our community?

I can mock something up

G.

That would be great! 

[eizh]

That is exactly what I mean. Wow. I thought I was being vague. You either took a random stab in the dark or you see the fundamental flaw of almost every cryptocurrency out there. A fixed money supply with a decreasing block reward is destined to fail. You can't have proof of work with infinite work and only finite proof. What happens when the proof runs out? Miners won't work for free, and transaction fees won't cut it by themselves. New work must yield new proof.

...

I think the popularity growth of said coins has more to do with a lack of understanding of the economics than the long term implications of them. A decentralized, trustless system of exchange sounds great. A fixed money supply that absolutely cannot inflate sounds great... but it's not sustainable, and it definitely won't remain decentralized.

Everyone argues about how coins should be distributed at the beginning (BCN has been out for 2 years and noone knew? How unfair.)  We should be much more concerned with how a coin will be distributed 20 or 30 years from now. Here's a hint: if the difficulty is high and the block reward is low, then the currency is in deep shit.

Unfortunately, the type of coin that sees success in the exchanges is not the type of coin that will succeed long-term as a currency.  We also can't count on the masses to know what is good for them. The masses will always believe in simple logic and only follow what's popular or trending.  They will never engage in the critical thinking required to truly understand how these systems work.  This is why I believe we have a responsibility to know our domain inside and out... because the coins we choose to embrace will be the ones they eventually adopt.

Not quite a stab in the dark -- I'm not an anti-inflation anarcho-capitalist like 80% of the people here. But I don't think the situation with deflationary PoW is *that* hopeless because there will always be an equilibrium where miners leave and enter as the profitability changes. However, in the post-mining phase, the value and volume of the coin has to be astronomical for this equilibrium to attract enough miners to be considered "secure". I agree that it won't be decentralized. The only thing protecting the currency is incentives. Whether these conditions will be met will be only known 3+ decades from now.

I also agree that a true inflationary protocol has little chance of succeeding with the mindset and incentives that exist currently. Therefore if this new fork you're working is to be PoW, I strongly recommend making it merge-mineable so that there's no opportunity cost for miners. I'd like to watch how something like that pans out over the long term.

[Wanesst]

Hi, guys! I saw the discussion on the C-Cex exchange now. They can add BCN for trades!  

I think that we need in exchanges, do you? (I'm not in the Club )  

UPD! Exchange’s devs will be treated this proposal today!

[eizh]

We have a proposal internally that I think you will love. The problem is that by discussing it publicly, we would attract cybersquatters - it seems it already happened for bitmonero. If you are interested, PM  me.

I think something fundamentally different like what Johnny is proposing can co-exist with a BTC-model first-mover. We could apply your branding ideas to that. Actually, a radical departure like that needs all the help it can get because it'll face a lot of disinterest, if not hostility!

Simply forking BMR is problematic. As smooth noted earlier, first-mover advantage is massive. Even the 1 week that BMR has shouldn't be underestimated. To date, no "better branding" initiative has succeeded. In fact pretty much everything with a sizable market cap was a "first" in some way (exception: LTC succeeded because Tenebrix was premined; I see some parallels for BMR v. BCN if enough people consider deepweb mining a "premine").

Looking at the slick branding/websites of some recent clones, I'm pretty sure some of the people attempting this are actual design professionals. It doesn't seem to work out because the first one has the most people with a stake in it. And that wins in the end because these coins really are just investments as we've been discussing.

Is the Bitmonero name weird? Yes, but Bitcoin, Google, Wii, and iPad also all sound stupid upon first hearing it. But when you hear it enough times, it becomes normal vocabulary so I don't see the name as a roadblock (the web domain issue might force a rename, though). Both matter, but being first probably trumps naming based on evidence.

[Djinou94]

It's time to dump the 80% ninja premine 

[smooth]

Simply forking BMR is problematic.

Renaming i.e. rebranding is a much easier sell than forking.

Technically its a fork of the code, but only because there are a very few places where the name is used in the code (I think it may only be the build script for the executable name, but I'm not positive of that). And a new thread for it.

The actual block chain would not be forked.

[smooth]

It's time to dump the 80% ninja premine  

If your objection is the 80% ninja premine (cool imagery), then just head on over to BMR. It already has half the hash rate of BCN in less than a week.

[enpott]

true anonymity really help my mining.

[eizh]

Simply forking BMR is problematic.

Renaming i.e. rebranding is a much easier sell than forking.

Technically its a fork of the code, but only because there are a very few places where the name is used in the code (I think it may only be the build script for the executable name, but I'm not positive of that). And a new thread for it.

The actual block chain would not be forked.

Yeah, I think that's very much viable. The only end result is some renamed executables.

[smooth]

Simply forking BMR is problematic.

Renaming i.e. rebranding is a much easier sell than forking.

Technically its a fork of the code, but only because there are a very few places where the name is used in the code (I think it may only be the build script for the executable name, but I'm not positive of that). And a new thread for it.

The actual block chain would not be forked.

Yeah, I think that's very much viable. The only end result is some renamed executables.

That and a web site and a new forum thread.

[DStrange]

Meanwhile only 12 300 BCN left in giveaway fund. Does anybody want to add some coins for welcoming our newcomers?

Giveaway address: 26NTxi7Ruvv6PPZj64sfLtHmn7y6fsSTnDNmZau1A8UESumefYoAmnNNc2YQaZEEB3ak1siRY3Lz5bV 7gGHd3brvBXTYvKq

[knightcoin]

It's time to dump the 80% ninja premine 

"ninja premine" lol

[JunkieMiner]

Why BCN block is about 2 years old and CryptoNote white paper is dated October 17, 2013 ?

1. The dates in the block chain are fake

2. The paper was written after the code

You decide.

Case 1:
They could do genesis block msg .. ( https://en.bitcoin.it/wiki/Genesis_block )

Case 2:
Not academic best practices for peer review

... anyways I'm mining and reading the code too, just very curious about it

CN denies that they're connected to the BCN developers but I don't believe it. At least one person from the CN team helped developed BCN if this blockchain really is 2 years old. I personally think that BCN is their prototype and research platform.

I also doubt they have no relation. I even think that minergate dev team is also close to them as they know all the concept and, what's more important, the protocol , which I think, is quite diff.

[abit2slo]

Why BCN block is about 2 years old and CryptoNote white paper is dated October 17, 2013 ?

1. The dates in the block chain are fake

2. The paper was written after the code

You decide.

Case 1:
They could do genesis block msg .. ( https://en.bitcoin.it/wiki/Genesis_block )

Case 2:
Not academic best practices for peer review

... anyways I'm mining and reading the code too, just very curious about it

CN denies that they're connected to the BCN developers but I don't believe it. At least one person from the CN team helped developed BCN if this blockchain really is 2 years old. I personally think that BCN is their prototype and research platform.

I also doubt they have no relation. I even think that minergate dev team is also close to them as they know all the concept and, what's more important, the protocol , which I think, is quite diff.

to tell the truth it's so humanly to see connections where there are no connections

[matej krkic]

I'm sure, godimtired is fake. We can remove his order. I tried to sell 100 mil him and got no answer.

[Cheesus]

I'm sure, godimtired is fake. We can remove his order. I tried to sell 100 mil him and got no answer.

Why do someone need to troll this way? It's not even funny.

[danteT]

I'm sure, godimtired is fake. We can remove his order. I tried to sell 100 mil him and got no answer.

poor attempt to manipulate price, before exiting on exchanges.

[matej krkic]

I am total noob and don't know anything about this, but maybe you all can play with this http://www.gematrix.org

This is funny lol:
135   I am
477   President Obama
340   Image of satan
9      I
1354773409
I am President Obama Image of satan I

135 - stock exchange
477 - flat out
340 - connection
9 - add

I am genius

[Wanesst]

Hi, guys! Now I will help DStrange with all things concerning our new BCN-community (“open-Club-version” )! I manage the giveaway and the bounties fund.

Bytecoin needs new super-logo as all coins, so I announce the logo contest.

There is the link to special thread - https://bitcointalk.org/index.php?topic=582743!

Logo contest will be ended May, 12 at 00:00. After that our community will vote for favorites (I will create a vote) and a decision will be made in 24 hours.

Reward for winner is 2,000,000 BCN! Today 2 mln BCN is approximately equal to 0.4 BTC.

Ready, steady, go!