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

[mohammedfaiz143]

He just gave us a solution for those huge ram usage and he is a newbie registered in 2013 but the first post is suggestion of cryptonote which is almost a mystery for more than of the people here .

He's satoshi 
[/quote]

That is somewhat unlikely but still there is a chance of being a Bytecoin dev

[1715566049]

1715566049

[1715566049]

1715566049

[Johnny Mnemonic]

Smooth makes solid points, but as I already argued upthread, nobody is willing to actually navigate the illegal/evil marketplaces on the deep web to check for BCN's presence.

If BCN is in fact used for black trade (snuff films, illegal pornography, etc.), how much of that do you think would actually surface to the clear web? I'm guessing none.

Bytecoin is the result of careful production and has too much utility to simply be a premine scam.  My personal opinion is that BCN is definitely used for something, but nobody will come out and say exactly what that is without taking great risk.

[GreekBitcoin]

Smooth makes solid points, but as I already argued upthread, nobody is willing to actually navigate the illegal/evil marketplaces on the deep web to check for BCN's presence.

If BCN is in fact used for black trade (snuff films, illegal pornography, etc.), how much of that do you think would really surface to bitcointalk?

Bytecoin is the result of careful production and has too much utility to simply be a premine scam.  My personal opinion is that BCN is definitely used for something, but nobody will come out and say exactly what that is without taking great risk.

I have navigated and there is none. You would knewif it was. You wouldnt speculating...

And why noone is willing to navigate deep web? Its not even illegal to browse...


P.S. If BTC is in fact used for black trade (snuff films, illegal pornography, etc.), how much of that do you think would really surface to bitcointalk? On the news?

[smooth]

Smooth makes solid points, but as I already argued upthread, nobody is willing to actually navigate the illegal/evil marketplaces on the deep web to check for BCN's presence.

If BCN is in fact used for black trade (snuff films, illegal pornography, etc.), how much of that do you think would really surface to bitcointalk?

I wasn't specifically talking about bitcointalk. I have seen plenty of third party reporting about the deep web stuff and never was it mentioned that they are using this new thing called Bytecoin, or even some unknown anonymous payment technology. Bitcoin is frequently mentioned. Stolen credit cards, botnets, and other items of value are sometimes mentioned.  Nothing like bytecoin has ever been mentioned. You can go and look at this reporting yourself if you want, that doesn't require visiting kiddie porn sites.

It could have been known in some (very) small circles, but it is certainly not being "widely used" on the deep web. And as I said before, the difficulty was (and still is, but definitely before) much too low to be consistent with any kind of widespread use. This theory does not hold water.

As I said before, I think the most likely explanation is that the developers bumbled around with it for a long time but never really went anywhere with it in terms of usage, causing 80% of it to be mined even with essentially zero user base. Maybe they simply dropped the ball on getting out there, or maybe they did not understand for a long time that a secret coin can not ever have value. When they realized what had happened, instead of throwing away their worthless devcoins and doing a rerelease so the coin could actually get some users before being 80% mined, they decided to try to pump and dump them here.

Other explanations are possible. I find that to be the most likely.

[Jungian]

Smooth makes solid points, but as I already argued upthread, nobody is willing to actually navigate the illegal/evil marketplaces on the deep web to check for BCN's presence.

If BCN is in fact used for black trade (snuff films, illegal pornography, etc.), how much of that do you think would really surface to bitcointalk?

I wasn't specifically talking about bitcointalk. I have seen plenty of third party reporting about the deep web stuff and never was it mentioned that they are using this new thing called Bytecoin, or even some unknown anonymous payment technology. Bitcoin is frequently mentioned. Stolen credit cards, botnets, and other items of value are sometimes mentioned.  Nothing like bytecoin has ever been mentioned. You can go and look at this reporting yourself if you want, that doesn't require visiting kiddie porn sites.

It could have been known in some (very) small circles, but it is certainly not being "widely used" on the deep web. And as I said before, the difficulty was (and still is, but definitely before) much too low to be consistent with any kind of widespread use. This theory does not hold water.

As I said before, I think the most likely explanation is that the developers bumbled around with it for a long time but never really went anywhere with it in terms of usage, causing 80% of it to be mined even with essentially zero user base. Maybe they simply dropped the ball on getting out there, or maybe they did not understand for a long time that a secret coin can not ever have value. When they realized what had happened, instead of throwing away their worthless devcoins and doing a rerelease so the coin could actually get some users before being 80% mined, they decided to try to pump and dump them here.

Other explanations are possible. I find that to be the most likely.

I agree with that. Seems very likely!

[abit2slo]

arrrrrr smooth

you are such a killjoy. we all here know your point of view and almost learned it by heart.  just because you have repeated it 1000000 times everywhere. for god's sake, stop it! it so irritating.

nobody force you to mine and trade BCN. if you don't like the original coin so go and play with the copy that you have made for your own pleasure - BMR, BMO or whatever else it's called

please, leave all your theories for yourself 'cause  nobody is interested any more

[Naka]

Smooth makes solid points, but as I already argued upthread, nobody is willing to actually navigate the illegal/evil marketplaces on the deep web to check for BCN's presence.

If BCN is in fact used for black trade (snuff films, illegal pornography, etc.), how much of that do you think would actually surface to the clear web? I'm guessing none.

Bytecoin is the result of careful production and has too much utility to simply be a premine scam.  My personal opinion is that BCN is definitely used for something, but nobody will come out and say exactly what that is without taking great risk.

People, stop theorizing about what you're not willing to investigate.
Being a fraction of the "nobody" who investigated, I'm telling you that there's no super secret large group of people exchanging BCN. Maybe a small group of people, but what use does BCN have for a small group of people? They would be circlejerk tokens.

How much of BCN trade would surface on the clear web? A hell of a lot of it. Go hop on TOR yourself, the deep web is not a secret, and if it was, there would be no userbase. The only secret is the identities of deepweb users.
I can imagine it now, illegal website telling people to buy shit with a completely unheard of "currency" instead popular ol' Bitcoin. It wouldn't work out. How would you exchange your money for it? Send money from credit or bank to a potential law enforcement officer? Trade for bitcoin, then for BCN? (DEFEATS the purpose). Why would anyone use this GUI-less program that takes days to load? You can pretend deepweb users have all sorts of personality traits, like intelligence, but nah, they're stupid like the rest of us on Bitcoin Forums.

BCN being of great utility is completely separate from whether or not it had a big userbase mining it. Personally, if I created bytecoin, I would be mining it along with my whole dev team to ensure network stability and to perform tests.
I do agree that BCN wasnt made for the purpose of a "premine scam", but it doesn't have to be made for that to potentially be one.

arrrrrr smooth

you are such a killjoy. we all here know your point of view and almost learned it by heart.  just because you have repeated it 1000000 times everywhere. for god's sake, stop it! it so irritating.

nobody force you to mine and trade BCN. if you don't like the original coin so go and play with the copy that you have made for your own pleasure - BMR, BMO or whatever else it's called

please, leave all your theories for yourself 'cause  nobody is interested any more

You know what's irritating? Delusional joy-joys

[matej krkic]

Smooth makes solid points, but as I already argued upthread, nobody is willing to actually navigate the illegal/evil marketplaces on the deep web to check for BCN's presence.

If BCN is in fact used for black trade (snuff films, illegal pornography, etc.), how much of that do you think would really surface to bitcointalk?

I wasn't specifically talking about bitcointalk. I have seen plenty of third party reporting about the deep web stuff and never was it mentioned that they are using this new thing called Bytecoin, or even some unknown anonymous payment technology. Bitcoin is frequently mentioned. Stolen credit cards, botnets, and other items of value are sometimes mentioned.  Nothing like bytecoin has ever been mentioned. You can go and look at this reporting yourself if you want, that doesn't require visiting kiddie porn sites.

It could have been known in some (very) small circles, but it is certainly not being "widely used" on the deep web. And as I said before, the difficulty was (and still is, but definitely before) much too low to be consistent with any kind of widespread use. This theory does not hold water.

As I said before, I think the most likely explanation is that the developers bumbled around with it for a long time but never really went anywhere with it in terms of usage, causing 80% of it to be mined even with essentially zero user base. Maybe they simply dropped the ball on getting out there, or maybe they did not understand for a long time that a secret coin can not ever have value. When they realized what had happened, instead of throwing away their worthless devcoins and doing a rerelease so the coin could actually get some users before being 80% mined, they decided to try to pump and dump them here.

Other explanations are possible. I find that to be the most likely.

Man, could you please mine mro not posting your opinion? Its very anoying. You don't look like a clever guy, but like a parrot, repeating same things hundreds times

[smooth]

nobody force you to mine and trade BCN. if you don't like the original coin so go and play with the copy that you have made for your own pleasure - BMR, BMO or whatever else it's called

please, leave all your theories for yourself 'cause  nobody is interested any more

Man, could you please mine mro not posting your opinion? Its very anoying. You don't look like a clever guy, but like a parrot, repeating same things hundreds times

Looks like I might be getting close. Consider the hornet's nest stirred up.

I wonder where all these cheerleading Newbies came from that just happen to be so interested in this coin all of the sudden.

FWIW:

1. I didn't create Monero

2. I mine both coins, I think they are both impressive in terms of technology.

I have no agenda here. I seek the truth and point out scams and potential scams where I see them. That is all.

[danteT]

Maybe, there are some indirect proves that
1.Bytecoin was used by a NOT little group of users
2.Bytecoin had its value since blockchain start for that people

1- Look at that chart, if that was not a botnet the whole time, difficulty means that all the time it was mined by 3000-4000 of good PC/Servers with at least i5-i7 to latest xens. because wiki.bytecoin got lots of cpu comparison. Personally, i think that it was real pc/servers, and miners. just because value of that technology (cryptonote) farther more botnet sandboxes.
2- so if that devs/users group used 4000 high class pc/servers for mining with absolutely minimum price of dedicated leasing in 70$ per unit. in that case the average per month cost of mining bytecoin hardware was around 280K $. > 2mln $ per year, man it`s crazy to call that coin premined in case of that kind of machines mined it and that kind of investment.

Diff chart can say us lot about network history.  

I've finally synchronized my blockchain with this new version of code and downloaded some statistics. Here is a difficulty chart starting from the genesis block.
Spike in november 2012 looks strange for me, but it exists in data.

[smooth]

Your numbers are way off. At a difficulty of say 100K, that's only a hash rate of under a 1000. I personally have quite a bit more than that, and my cluster is nothing special.

Many of those blocks are <100K but some are over so that is a fair average.

Maybe, there are some indirect proves that
1.Betacoin was used by a NOT little group of users
2.Betacoin had its value since blockchain start for that people

1- Look at that chart, if that was not a botnet the whole time, difficulty means that all the time it was mined by 3000-4000 of good PC/Servers with at least i5-i7 to latest xens. because wiki.bytecoin got lots of cpu comparison. Personally, i think that it was real pc/servers, and miners. just because value of that technology (cryptonote) farther more botnet sandboxes.
2- so if that devs/users group used 4000 high class pc/servers for mining with absolutely minimum price of dedicated leasing in 70$ per unit. in that case the average per month cost of mining bytecoin hardware was around 280K $. > 2mln $ per year, man it`s crazy to call that coin premined in case of that kind of machines mined it and that kind of investment.

Diff chart can say us lot about network history.  

I've finally synchronized my blockchain with this new version of code and downloaded some statistics. Here is a difficulty chart starting from the genesis block.
Spike in november 2012 looks strange for me, but it exists in data.

[Cheesus]

Smooth makes solid points, but as I already argued upthread, nobody is willing to actually navigate the illegal/evil marketplaces on the deep web to check for BCN's presence.

If BCN is in fact used for black trade (snuff films, illegal pornography, etc.), how much of that do you think would really surface to bitcointalk?

I wasn't specifically talking about bitcointalk. I have seen plenty of third party reporting about the deep web stuff and never was it mentioned that they are using this new thing called Bytecoin, or even some unknown anonymous payment technology. Bitcoin is frequently mentioned. Stolen credit cards, botnets, and other items of value are sometimes mentioned.  Nothing like bytecoin has ever been mentioned. You can go and look at this reporting yourself if you want, that doesn't require visiting kiddie porn sites.

It could have been known in some (very) small circles, but it is certainly not being "widely used" on the deep web. And as I said before, the difficulty was (and still is, but definitely before) much too low to be consistent with any kind of widespread use. This theory does not hold water.

As I said before, I think the most likely explanation is that the developers bumbled around with it for a long time but never really went anywhere with it in terms of usage, causing 80% of it to be mined even with essentially zero user base. Maybe they simply dropped the ball on getting out there, or maybe they did not understand for a long time that a secret coin can not ever have value. When they realized what had happened, instead of throwing away their worthless devcoins and doing a rerelease so the coin could actually get some users before being 80% mined, they decided to try to pump and dump them here.

Other explanations are possible. I find that to be the most likely.

I think this theory is a little off. See for yourself: to pump and dump huge amount of coins you have to create a huge demand for it.

Currently Bitcoin-fork market is full of anonymous/CPU/whatever coins - not a good (to say the least) field to pump and dump anything even if you're marketing god. And I think we can safely assume that BCN developers are not dumb and there is simply no way they thought "lets pump and dump 80% of our coin on glutted market".

Also, Smooth looks like you too have a personal newbie

P.S. > very few people are willing to actually investigate coins' technical side - that's why I used Bitcoin-fork term

[smooth]

Also, Smooth looks like you too have a personal newbie

1. I have one and only one login on this forum site, unless you count the monero shared login, to which I have access (but rarely use, and then, so far at least, only to help maintain the information posts). EDIT: Nor have I ever in the past had any other logins.

2. I agree that pump-and-dump has gotten much harder, as the community has learned to avoid premines and such. This is a good thing.

As far as the bytecoin devs, it this is in fact what happened, my guess is that they got the idea to put a little public gloss on their project and try to cash out of their coins with a PnD some time ago, when coin prices were higher and the healthy skepticism toward premines and other PnD schemes had not matured to where it is now.

Take a look at the timeline. Web site first appeared according to wayback in late February and the first post here was in early March. Allow a month or two to get ready to go public and that places us right back in the near the peak btc+alt bubble in late 2013 or very early 2014.

[Cheesus]

Also, Smooth looks like you too have a personal newbie

1. I have one and only one login on this forum site, unless you count the monero shared login, to which I have access (but rarely use, and then, so far at least, only to help maintain the information posts). EDIT: Nor have I ever in the past had any other logins.

2. I agree that pump-and-dump has gotten much harder, as the community has learned to avoid premines and such. This is a good thing.

As far as the bytecoin devs, it this is in fact what happened, my guess is that they got the idea to put a little public gloss on their project and try to cash out of their coins with a PnD some time ago, when coin prices were higher and the healthy skepticism toward premines and other PnD schemes had not matured to where it is now.

1. Just joking man, don't sweat it.

2. Maybe it is the case. My point is that I think you got a little drifted away with conspiratorial theories. Tho as I mentioned before I agree with you on some points of shady marketing. It's just the general idea of the huge scam from people who created such advanced product is somewhat questionable.

[smooth]

2. Maybe it is the case. My point is that I think you got a little drifted away with conspiratorial theories. Tho as I mentioned before I agree with you on some points of shady marketing. It's just the general idea of the huge scam from people who created such advanced product is somewhat questionable.

Oh, I totally agree with you there. The purpose for creating this technology was not a scam. No question about that. This is a totally different animal from say bitcoin-copy-paste clones.

As I said earlier, my leading theory (though not incredibly high confidence) is that they developed it for more or less the same reasons Satoshi developed bitcoin, but they didn't move quickly to get their coin out and adopted, and they misdesigned it with a very fast reward curve (probably being overly optimistic about how quickly it would be successful). If they had done a few more things right, who knows what could have happened. This could have been Litecoin, or even, possibly, exceeded Bitcoin. But they didn't, and it is what happened later that I take issue with.

[mozurt]

my windows 32bit, how can I have a wallet bcn?

[smooth]

my windows 32bit, how can I have a wallet bcn?

The code only supports 64 bit right now. Maybe someday there will be a 32 bit version, but right now there is not.

[matej krkic]

Hm...looks like someone has removed his messages too =)

[sgk]

Hm...looks like someone has removed his messages too =)

who removed what messages?

[Wanesst]

DStrange decided to take part in our logo contest!

I tried to do logo by myself