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

[gmaxwell]

Post an address. There is a magic Monero fairy who likes to drop coins in random addresses that get posted.

Hm. My disapproval of address reuse in Bitcoin land caused me to pull the tip address from my sig— I only have a bitcoin address on my profile at all for mod payments, and I rotate that manually every time it gets paid.  ... but since all BCN/MRO/etc. addresses are ECDH negotiated, my issue there is resolved hurray!

[smooth]

In the case of bytecoin it just seems weird. Some day we'll discover that the code was really being written by a single brilliant grad student under contract and one day he suffered a freak brain aneurism and died. Left with no one to continue the development and without the technical chops to even evaluate new developers and concerns about the ramifications of releasing a cryptographically anonymous cryptocurrency the people funding him open sourced the works so far and hoped for the best.

I mean really, am I missing something subtle here? it's pretty hard to pull anything over on anyone. I'm not sure what we're supposed to be tricked into thinking here. It doesn't strike me as fraudulent as much as it does just weird and poorly done.  Likewise, the software is very raw, some elements of the design seem pretty poorly considered, maybe not absolutely bad but relative to the quality of the rest.  Maybe I'm a little spoiled by Bitcoin.

Something like that may be true, but it doesn't explain the active efforts at deception, such the claims of "store and services" in the deep web which clearly don't exist, certainly not on a large scale, the fake Cicada 3301 references, claims of thousands of users with a hash rate under 10 machines, etc.

It could be more like that the original developer died, but rather than open source and hope for the best, whoever ended up with it tried a ham-handed scheme to make a lot of money off of it, seeing as how that has already been done by a lot of people in the altcoin space starting with far less.

I mean really we don't even know the the people behind the web site and github actually have anything to do with creating the code. Maybe they do, maybe someone inherited it as you suggest, maybe they stole it, or some number of other possibilities. It has been claimed that this thread has nothing to do with the people behind the web site and is just effectively a fan thread, but we don't know that either. There is this cryptonote site, and they claim to be the designers, but again, there is no transparency to it. They could just as easily have read the code (found who knows where) and written it up after the fact.  All this is groundless speculation. But taking things at "face value" does not make sense when some parts of face value are clearly fraudulent.

So yes, I agree respect is due to the creator or creators here for the technical accomplishmens. Not quite at the level of Satoshi, but certainly significant. But we have no damn idea who to respect. So, I say, let's just move on with what we have (pretty much just the code and that's it) and build something viable. Which happens to be MRO at the moment, but of course that could change.

But as I said earlier, and you sometimes acknowledge, it is what happens later that really matters, and that pretty much required a fork, because apart from the premine, the distribution curve -- especially starting +2 years and even if not, is just way too fast. It will be nearly fully mined in a couple of years, which isn't enough time for it to gain anywhere near the level of adoption for that to work.

[gmaxwell]

Cryptonote's underlying cryptography does appear to be remarkably elegant in its implementation which is why I find all the related projects so exciting. Cryptography is not an area of mathematics in which I am particularly well-read, but the project was sufficiently intriguing to get me delving into some of the literature underlying their work and left me impressed. They do seem to have made one of the first real steps forward I would say in terms of bringing something genuinely new to an altcoin.

The cryptosystem useful for a lot more than cryptocurrencies too.

I'm working on a very fun application of it right now... Will post when I have usable tools.

What do you make of the apparent schism between Cryptonote, which now appear to be the prime movers behind the technology, and the Bytecoin team? They make numerous allusions on their forum posts that there was disagreement in how Bytecoin was to be developed which led to the two teams splitting.

Thats above my paygrade other than to observe that it seems all sad and weird to me. (It's hard for me to tell what strange game of chess people are playing here, perhaps extra hard because I don't care about any of it— as mentioned I think introducing alt-currencies is a dead end route).  I mean, I could make guesses,... but it would just be guesses, my spider sense which usually protects me from weird situations certantly goes off around that stuff. Then again, I may just be miscalibrated relative to the baseline level of scum and villainy expected in the altcoin space.

[nov]

Which Crypto Note coin would you recommend me to buy and why, please? Thanks.

[the_darkness]

The cryptosystem useful for a lot more than cryptocurrencies too.

I'm working on a very fun application of it right now... Will post when I have usable tools.

Sounds exciting! I look forward to seeing what you've got in store.

[smooth]

my spider sense which usually protects me from weird situations certantly goes off around that stuff. Then again, I may just be miscalibrated relative to the baseline level of scum and villainy expected in the altcoin space.

My spidey sense is pretty calibrated to the altcoin space (though not so much that I don't still feel dirty around it) and it still goes off, but in the end I don't care because we have the code and we are running with it. Your interesting project sounds great, too. Looking forward to hearing more about it.

[smooth]

I'm not sure that lockup/vesting can ever really be made to really work. You can always sell your interest even if the system won't let you actually transfer it. I can sell you the private key(s), under the protection of traditional contract law and the courts that to convince you that I didn't keep a copy.  Failing that, I can also put we can some Bitcoin in an escrow to secure the deal. etc... all undetectable to the outside world.

What I think you are missing here -- and I think this is why lockups work even though they are evadable even outside the crypto space -- is that they are an efficient signal. It costs nothing to agree to a lockup if you really are committed to stick with something long term (if it is successful, otherwise it doesn't matter) and not pump and dump. But if you are not committed, agreeing to a lockup (likely with at least some sort of enforcements mechanisms) imposes costs on you, if only to evade it. So what we expect to see is legitimate risky ventures (which includes virtually none in the altcoin space with the possible exception of etherium) having lockups and scams avoiding them. Of course there is a red queen problem -- eventually everyone will have a lockup and it signals nothing, but then you have still raised the cost of fraud.

[tersagun]

BCN frozen on Poloniex; any idea why?

Edit: fixed now.

[creepywheepy]

The cryptosystem useful for a lot more than cryptocurrencies too.

I'm working on a very fun application of it right now... Will post when I have usable tools.

Sounds exciting! I look forward to seeing what you've got in store.

Indeed, it makes me excited. Any hint what it's gonna be?

[GreedyBoy]

BCN frozen on Poloniex; any idea why?

Edit: fixed now.

Am...Dude, I just look there and it's not 'frozen'.
It's 1 BCN for 0,000 000 14 BTC

[Patron92]

BCN frozen on Poloniex; any idea why?

Edit: fixed now.

Am...Dude, I just look there and it's not 'frozen'.
It's 1 BCN for 0,000 000 14 BTC

 Sorry for newbie's question but why some coins becoming frozen? 

[Stanford]

 Comkort was the first exchange willing to add BCN and yet there is no BCN there.

Any thoughts why? and when they are going to add BCN to their exchange?

[matej krkic]

Comkort was the first exchange willing to add BCN and yet there is no BCN there.

Any thoughts why? and when they are going to add BCN to their exchange?

I've seen monero frozen for few minutes two days ago. I thinks it's normal.

[JunkieMiner]

BCN frozen on Poloniex; any idea why?

Edit: fixed now.

Am...Dude, I just look there and it's not 'frozen'.
It's 1 BCN for 0,000 000 14 BTC

 Sorry for newbie's question but why some coins becoming frozen? 

"Frozen" means it can't be bought/sold now.
I am not good  in this question and can't tell you the reason why it is happening

IMO there is nothing to worry about.

[madzooka]

Comkort was the first exchange willing to add BCN and yet there is no BCN there.

Any thoughts why? and when they are going to add BCN to their exchange?

They told they cannot add it to their exchange because of the algorithm.
IMO they should add it soon as Poloniex already added it so there is nothing impossible 
Be patient!

[madzooka]

BCN frozen on Poloniex; any idea why?

Edit: fixed now.

Am...Dude, I just look there and it's not 'frozen'.
It's 1 BCN for 0,000 000 14 BTC

 Sorry for newbie's question but why some coins becoming frozen? 

"Frozen" means it can't be bought/sold now.
I am not good  in this question and can't tell you the reason why it is happening

IMO there is nothing to worry about.

Yep, there is nothing to worry about. Sometimes it happens that some coins are frozen. usually it means there is a lot of transactions and you'd just wait a lit.

[cryptonote]

What do you make of the apparent schism between Cryptonote, which now appear to be the prime movers behind the technology, and the Bytecoin team? They make numerous allusions on their forum posts that there was disagreement in how Bytecoin was to be developed which led to the two teams splitting.

Thats above my paygrade other than to observe that it seems all sad and weird to me. (It's hard for me to tell what strange game of chess people are playing here, perhaps extra hard because I don't care about any of it— as mentioned I think introducing alt-currencies is a dead end route).  I mean, I could make guesses,... but it would just be guesses, my spider sense which usually protects me from weird situations certantly goes off around that stuff. Then again, I may just be miscalibrated relative to the baseline level of scum and villainy expected in the altcoin space.

It always amuses me how one can shape another one's thoughts and find allusions where there aren't any. CryptoNote and Bytecoin team indeed worked together. It's Bytecoin devs that created the vast majority of the code based on the cryptography that was primarily ours by design. As BCN devs were interested in playing around with the coins itself, our courses departed. That is basically the whole story. CryptoNote never envisioned itself stick to community and ecosystem creation. We simply let others do it.

I've recently contacted Bytecoin team and there are some interesting updates, which they promise to roll out in a few weeks.

[zqjqiu]

why not I cannot deposit in poloniex?

[sr.machado]

28KSPB1K7UWVacrDnJ1NBLf1nWLVcVqW4EYRov2FbzvS7C94GNtKNqeZvs38MQfxBs8YDXmPMwvT7QM LUr9mC8w59H83ZSZ

Nice coin, I see today!

[griffinriz]

How many total coin Mined till now and how much time it will take to Mine all Coins?