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

[smooth]

80% pre-mine BCN is destroyed, so total coins are only 20% of normal supply - it's true?

Where is the credible source of this information?

Notice the question mark at the end. Well-worn tabloid technique, and obvious attempt to pump this coin on its new exchange.

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[sorryforthat]

On MinerGate pool coins are not confirmed 15 hours!
Is this normal?

Same here. My coins are stuck inside. Got a couple of MRO and BCN in there.

Me too. They are probably dumping our coins.

You guys need to chill, Minergate has already stated that they are fixing the issue as we speak. If you are not ready for issues with a beta type system, then this is not the coin for you.

Also, you guys are spreading this 80% pre-mine FUD and have no idea what you are talking about. There was no pre-mine, its just that coin was being mined for 2 years before it was every discovered and posted on this forum.

And smooth, why the hell do you waste so much time in this thread if all you want to do is degrade and talk shit about it. You are the prime source of all this FUD

[amsat]

Why, then, there is no clear statement from the developers on this issue?

[matej krkic]

On MinerGate pool coins are not confirmed 15 hours!
Is this normal?

Same here. My coins are stuck inside. Got a couple of MRO and BCN in there.

Me too. They are probably dumping our coins.

You guys need to chill, Minergate has already stated that they are fixing the issue as we speak. If you are not ready for issues with a beta type system, then this is not the coin for you.

Also, you guys are spreading this 80% pre-mine FUD and have no idea what you are talking about. There was no pre-mine, its just that coin was being mined for 2 years before it was every discovered and posted on this forum.

And smooth, why the hell do you waste so much time in this thread if all you want to do is degrade and talk shit about it. You are the prime source of all this FUD

Yes, smooth is really a very annoying guy.

[drawingthesun]

Also, you guys are spreading this 80% pre-mine FUD and have no idea what you are talking about. There was no pre-mine, its just that coin was being mined for 2 years before it was every discovered and posted on this forum.

The chain is 2 years old. I highly doubt it's been around for two years considering the whitepaper wasn't released until a year ago.

Also no one in the Crypto-coin community had heard of this amazing, revolutionary coin for the past two years whilst ten thousand underground hackers were mining and using it? How comes Monero has several times the hash power of this coin already overtaking the thousands of silent Bytecoin miners that evaded us for the past two years?

You know what really happened? I'm 95% sure they mined the current chain during the past several months before being announced on this forum and publically for the first time.

[sorryforthat]

How comes Monero has several times the hash power of this coin already overtaking the thousands of silent Bytecoin miners that evaded us for the past two years?

This is due to its price, which is causing an influx of people trying to become part of "The Next Bitcoin." Something 90 percent of the people here missed out on. If the coin was not on market as was the case 1 weeks ago, there would be no one interested. This is the cause of a 250 diff to multi-million

Now we have a influx of inexperience spending most of this thread regurgitating information and confused on how to work the software and instead of just looking over the thread or even searching for a fix that is likely there or and answer that is likely there, they just ask it again, hoping for a fast response to aid them in getting in early to make profit.

I have been with both coins since the first day they were posted or announced, I have watched every phase of it here.

[newIndia]

When the difficulty is going to a level to get Bytecoin out of the hand of CPU miners ?

[sgk]

When the difficulty is going to a level to get Bytecoin out of the hand of CPU miners ?

This is a CPU-only coin. It would never get out of CPU miners. But I can imagine people with several CPUs outdoing smaller one-CPU miners.

[sorryforthat]

When the difficulty is going to a level to get Bytecoin out of the hand of CPU miners ?

This is a CPU-only coin. It would never get out of CPU miners. But I can imagine people with several CPUs outdoing smaller one-CPU miners.

But starting now is a better start than you will ever get again, so hash away and get as many as you can.

[trader001]

Where can one buy bytecoin?

[sorryforthat]

Where can one buy bytecoin?

https://cryptonote.exchange.to/

BCN and Monero there.

[smooth]

This is due to its price, which is causing an influx of people trying to become part of "The Next Bitcoin." Something 90 percent of the people here missed out on. If the coin was not on market as was the case 1 weeks ago, there would be no one interested. This is the cause of a 250 diff to multi-million

SFT I respect most of your posts even though we seldom agree, but here you've gone off the deep end. There was no 250 diff, that was testnet data on a pool web site.  The correct diff chart is here: http://monerochain.info/charts/difficulty

A week ago, when Monero not on an exchange (in fact not even any rumors of being on a major exchange soon -- poloniex was a surprise to all of us), the diff was 17 million, which is almost 3x the current BCN hash rate.

[sgk]

When the difficulty is going to a level to get Bytecoin out of the hand of CPU miners ?

This is a CPU-only coin. It would never get out of CPU miners. But I can imagine people with several CPUs outdoing smaller one-CPU miners.

But starting now is a better start than you will ever get again, so hash away and get as many as you can.

True. I am mining on my desktop CPU to gather as much possible as I can.

[sorryforthat]

SFT I respect most of your posts even though we seldom agree, but here you've gone off the deep end. There was no 250 diff, that was testnet data on a pool web site.  The correct diff chart is here: http://monerochain.info/charts/difficulty

A week ago, when Monero not on an exchange (in fact not even any rumors of being on a major exchange soon -- poloniex was a surprise to all of us), the diff was 17 million, which is almost 3x the current BCN hash rate.

I stand corrected and admit the mistake, forgot a K somewhere among those numbers.

[Wanesst]

Spanish translation!

https://bitcointalk.org/index.php?topic=618933

Thanks, catazabala! Check PM, we want to send you a reward for the translation!

[Wanesst]

Czech translation!

https://bitcointalk.org/index.php?topic=33050.msg6850489#msg6850489

Thanks, Rytir_fik!

[DStrange]

Nevertheless it would be rather hard for Bytecoin stakeholders to use all 80% for "pump and dump" games. You know, they would be truly lucky if they had time to spend even 10% of emission to earn something on exchange rate changes before everything ends. But what will they do with the rest 70%? So much effort for the technology and coin itself, 2 years of mining and then just waste it all for a couple of thousands dollars, lol. Admit, those guys are not fools.
From that side 80% may be regarded as a kinda assurance for us. They probably will restrain exchange rate falling, because it's not good for them at first.
  

[drawingthesun]

Nevertheless it would be rather hard for Bytecoin stakeholders to use all 80% for "pump and dump" games. You know, they would be truly lucky if they had time to spend even 10% of emission to earn something on exchange rate changes before everything ends. But what will they do with the rest 70%? So much effort for the technology and coin itself, 2 years of mining and then just waste it all for a couple of thousands dollars, lol. Admit, those guys are not fools.
From that side 80% may be regarded as a kinda assurance for us. They probably will restrain exchange rate falling, because it's not good for them at first.
  

You probably don't agree, but CryptoCoins attracted many people because of their trustless nature. Knowing that an entity commands 80% of the eventual currency supply (and 98% of the current supply) defeats  this trustless aspect doesn't it?

Also, if Bytecoin had the same volume as Monero the developers could have cashed out 0.1% of their pre-mined stake for about $250,000 by know.

If these CryptoNote coins take off, and with Bytecoin already worth $20,000,000 they could sell $40,000 worth of their stake per week and still command 90% of the entire economy by the end of the year.

I don't care for people investing in Bytecoin, but as long as they know these facts.

Advocates on the exchanges say that Bytecoin has 100 times growth ahead to entice people into buying.

100 times the current valuation of Bytecoin makes Bytecoin worth 25% of Bitcoin and makes the Bytecoin developers worth 2 million bitcoin, even richer than Satoshi.

I can see thousands of newbies putting their life savings into this because of 100 times growth potential, and once that unravels it'll deal more bad press to CryptoCurrency in general and further restrictive regulations on CrytoCurrency trading.

[DStrange]

Nevertheless it would be rather hard for Bytecoin stakeholders to use all 80% for "pump and dump" games. You know, they would be truly lucky if they had time to spend even 10% of emission to earn something on exchange rate changes before everything ends. But what will they do with the rest 70%? So much effort for the technology and coin itself, 2 years of mining and then just waste it all for a couple of thousands dollars, lol. Admit, those guys are not fools.
From that side 80% may be regarded as a kinda assurance for us. They probably will restrain exchange rate falling, because it's not good for them at first.
  

You probably don't agree, but CryptoCoins attracted many people because of their trustless nature. Knowing that an entity commands 80% of the eventual currency supply (and 98% of the current supply) defeats  this trustless aspect doesn't it?

32% of all bitcoins are concentrated in 500 wallets ( proof). In fact 32% of BTC are owned by much less than 500 people. Situations are similar, but nobody cares and nobody cries: "OMG, it's so unfair! 32% of emission! they can affect BTC price!".

I just want to say most likely there is nothing terrible and dangerous for us in 80% already mined coins. Risky? Just like everything else is risky. But... nothing ventured, nothing gained and it's true for every kind of currency.

[Andrew DD]

I wonder it in case Comkort will delay the launch day.