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

[Wanesst]

Hi, guys!

There are new translations our thread:

https://bitcointalk.org/index.php?topic=612206.0 - Portuguese by anonimus

https://bitcointalk.org/index.php?topic=612526.0 - Hindi by sgk

https://bitcointalk.org/index.php?topic=614494.0 - German by ballack

[lyubomyr]

I can transtale to Ukrainian

[DStrange]

I can transtale to Ukrainian

Great! Will wait for translation.

[Cheesus]

Hi, guys!

There are new translations our thread:

https://bitcointalk.org/index.php?topic=612206.0 - Portuguese by anonimus

https://bitcointalk.org/index.php?topic=612526.0 - Hindi by sgk

https://bitcointalk.org/index.php?topic=614494.0 - German by ballack

Hindi Oo

Around the world with Bytecoin in 80 days?  

[romerun]

 Bcn launched in 2012, where it was announced ? And Whats the relation of bcn and mro? I'm pretty confused yet interested.

[sorryforthat]

Bcn launched in 2012, where it was announced ? And Whats the relation of bcn and mro? I'm pretty confused yet interested.

Bytecoin is the initial coin written from the ground up using cryptonote algo. Monero is a fork of bytecoin.

[drawingthesun]

Bcn launched in 2012, where it was announced ? And Whats the relation of bcn and mro? I'm pretty confused yet interested.

Bytecoin has been mined for almost two years in secret, something like 80% of all coin has already been released.

Because Bytecoin's technology through CryptoNote is too important for the world for such a pre-mine, Bytecoin was forked into a coin that the community could participate in from day one.

That coin is Monero.

Also the community has decided, Monero's hashrate is around 8 times that of Bytecoin.

[cryptobuddy]

Good news.

About 1 hour ago, Poloniex member just spoke in Trollbox of Poloniex Exchange, and informed everybody that Poloniex is going to add BCN. They have got everything ready.

Earliest time will be tomorrow.

[33zer0w0lf]

Good news.

About 1 hour ago, Poloniex member just spoke in Trollbox of Poloniex Exchange, and informed everybody that Poloniex is going to add BCN. They have got everything ready.

Earliest time will be tomorrow.

Hey Everyone, new Pool is up for BCN

here is the announcement and info

https://bitcointalk.org/index.php?topic=615486.0

[YoyodyneSystems]

Bcn launched in 2012, where it was announced ? And Whats the relation of bcn and mro? I'm pretty confused yet interested.

Bytecoin has been mined for almost two years in secret, something like 80% of all coin has already been released.

Because Bytecoin's technology through CryptoNote is too important for the world for such a pre-mine, Bytecoin was forked into a coin that the community could participate in from day one.

That coin is Monero.

Also the community has decided, Monero's hashrate is around 8 times that of Bytecoin.

Bingo. B I N G O -- M R O

[Alex Nester]

I think that mostly all will move to MM as it’s effectively optimizing working time and allows to mine both of this currencies.

[gmaxwell]

Bytecoin was forked into a coin that the community could participate in from day one.

Alas, none of the bugs or short comings were fixed in doing that— and it doesn't appear that any of the people involved in it have the background for the low level work. So you might have just written out the only active developers of the software, may not bode well for continued development.

The fork also can't claim to be roses and sunshine wrt fairness: As someone very interested in privacy technology and as someone who is usually near the hub of technical discussion in the Bitcoin system, I'd never heard of that fork until just recently— nearly a month after it's start.  And… has a very fast coin distribution, and was started with a difficulty much lower than the network could support. A lot could have been done to improve fairness (e.g. fixing the subsidy to a low level at least until the difficulty crossed the level where the prior system was, or setting the minimum difficulty to a good fraction of the achieved rate), promoting it outside of pools of altcoin speculators (e.g. why do I hear about zerocash 100,000 times for every time I hear about this stuff?), etc.   Not that I think that any of the altcoin stuff is advisable, but if you're going to make a fork on the virtue of fairness wouldn't it behoove you to actually be fair?

And, of course, the fork has now also been forked. That one at least tames the insanely fast distribution somewhat... but it too doesn't fix any of the worse parts... I can only imagine that we're going to continue to see once a month forks of that stuff— suits me fine, while the technology is interesting and useful, the speculative churn is not.

[drawingthesun]

Bytecoin was forked into a coin that the community could participate in from day one.

Alas, none of the bugs or short comings were fixed in doing that— and it doesn't appear that any of the people involved in it have the background for the low level work. So you might have just written out the only active developers of the software, may not bode well for continued development.

The fork also can't claim to be roses and sunshine wrt fairness: As someone very interested in privacy technology and as someone who is usually near the hub of technical discussion in the Bitcoin system, I'd never heard of that fork until just recently— nearly a month after it's start.  And… has a very fast coin distribution, and was started with a difficulty much lower than the network could support. A lot could have been done to improve fairness (e.g. fixing the subsidy to a low level at least until the difficulty crossed the level where the prior system was, or setting the minimum difficulty to a good fraction of the achieved rate), promoting it outside of pools of altcoin speculators (e.g. why do I hear about zerocash 100,000 times for every time I hear about this stuff?), etc.   Not that I think that any of the altcoin stuff is advisable, but if you're going to make a fork on the virtue of fairness wouldn't it behoove you to actually be fair?

And, of course, the fork has now also been forked. That one at least tames the insanely fast distribution somewhat... but it too doesn't fix any of the worse parts... I can only imagine that we're going to continue to see once a month forks of that stuff— suits me fine, while the technology is interesting and useful, the speculative churn is not.

Concerning how useful this tech is, is there any chance it will be adopted into Bitcoin?

If not the core, how about a side chain?

[cryptobuddy]

Good news.

About 1 hour ago, Poloniex member just spoke in Trollbox of Poloniex Exchange, and informed everybody that Poloniex is going to add BCN. They have got everything ready.

Earliest time will be tomorrow.

People are now buying BCN in cryptonote exchange! Now is already 23 sat!

[gmaxwell]

Concerning how useful this tech is, is there any chance it will be adopted into Bitcoin?
If not the core, how about a side chain?

Putting it in the Bitcoin chain itself is a hard-sell because there is a serious scalability downsize (all the cryptographically strong anonymity techniques break pruning), among other pedestrian reasons.  A side-chain using it seems virtually certain to me, limited more by the deployment of sidechain tech than anything else... even more so than the ZeroCash anonymity design simply because the ring signature approach is so simple by comparison.

But it's all a guess at this stage. Technology progress in Bitcoin is slow— for good reason— and now with the prospect that altcoin pumpers may we well funded to try to disrupt that progress… well, it'll be sad if what kills cryptocurrency isn't competition from traditional financial instruments or authorities but just poisonous behavior between competing systems. :-/

[surfer43]

People are now buying BCN in cryptonote exchange! Now is already 23 sat!

Hope the ninjas don't ruin the party. 

[Rias]

@ 33zer0w0lf,

I suddenly started receiving this messages on bcn.extremepool.org:

[2014-05-20 10:41:31] json_rpc2.0 error: Duplicate share
[2014-05-20 10:41:31] submit_upstream_work json_rpc_call failed

I occasionally received these messages, but in the end they were just those, nothing else. Restarting cpu miner helped. Any suggestions?

[Rias]

People are now buying BCN in cryptonote exchange! Now is already 23 sat!

Hope the ninjas don't ruin the party. 

The devs have explicitly mentioned that they are not going to ruin the coin and keep working. It is not a simple bitcoin fork where you add tweak minor features and hope to dump it to get rich. This is a groundbreaking R&D. I hope this thought will finally get to your mind, man.

[smooth]

Good news.

About 1 hour ago, Poloniex member just spoke in Trollbox of Poloniex Exchange, and informed everybody that Poloniex is going to add BCN. They have got everything ready.

Earliest time will be tomorrow.

People are now buying BCN in cryptonote exchange! Now is already 23 sat!

It's being bought up ahead of being added to Poloniex (I think tomorrow), where MRO gained 500% or soemthing on its first day.

[surfer43]

People are now buying BCN in cryptonote exchange! Now is already 23 sat!

Hope the ninjas don't ruin the party. 

The devs have explicitly mentioned that they are not going to ruin the coin and keep working. It is not a simple bitcoin fork where you add tweak minor features and hope to dump it to get rich. This is a groundbreaking R&D. I hope this thought will finally get to your mind, man.

I am just critical of its premine. Why ruin such a great technology with an 80% premine? I'm holding some BCN despite the premine, because it was the first, though I still think Monero is a better alternative.