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

[Future_1]

Bytecoin is down 26% on Cryptonote. Any reason to worry about the future of its exchange rate?

Well it has been falling for a while now, at least it has slowed down now. It's a little worrying but if we can get more people to buy this coin through one way or another then the exchange rate won't be something you have to worry about.

I just wonder why it is failing now if it has every feature to compete with Bitcoin?

If its because of the rep that was a lit bit spoilt by BCN's enemies that's suck.

It's reputation was ruined because it came out to the public 10 weeks ago but it's chain is two years old.

That's called a pre-mine and people generally don't like buying into a coin where 80% of the entire circulation that will ever exist is already owned by the developer.

That's why it's reputation is spoiled, we don't even have to work to ruin Bytecoin's reputation.

If you want more proof, see the Nxt pre-mine and the Ripple pre-mine.

One Ripple developer who owned part of the pre-mine is now selling and just crashed the price. This is why people don't like pre-mines.

But please, go ahead and buy/mine your 0.00001% ownership of the entire circulation and cross your fingers a developer doesn't ever want out.

People like this guy are the reason this coin isn't going anywhere.
Is it your duty to spread FUD about Bytecoin?

[TonyZX]

why the bytecoin dropping so much?

Good question. That's what I wonder every day when I wake up

[cyrpi4]

Bytecoin is down 26% on Cryptonote. Any reason to worry about the future of its exchange rate?

Well it has been falling for a while now, at least it has slowed down now. It's a little worrying but if we can get more people to buy this coin through one way or another then the exchange rate won't be something you have to worry about.

I just wonder why it is failing now if it has every feature to compete with Bitcoin?

If its because of the rep that was a lit bit spoilt by BCN's enemies that's suck.

It's reputation was ruined because it came out to the public 10 weeks ago but it's chain is two years old.

That's called a pre-mine and people generally don't like buying into a coin where 80% of the entire circulation that will ever exist is already owned by the developer.

That's why it's reputation is spoiled, we don't even have to work to ruin Bytecoin's reputation.

If you want more proof, see the Nxt pre-mine and the Ripple pre-mine.

One Ripple developer who owned part of the pre-mine is now selling and just crashed the price. This is why people don't like pre-mines.

But please, go ahead and buy/mine your 0.00001% ownership of the entire circulation and cross your fingers a developer doesn't ever want out.

People like this guy are the reason this coin isn't going anywhere.
Is it your duty to spread FUD about Bytecoin?

That's all he can do. Actually it has it's adv as it makes this thread to be at the top of the forum.

[shekelsteingoyberg2]

How about that gui wallet...

[drawingthesun]

Bytecoin is down 26% on Cryptonote. Any reason to worry about the future of its exchange rate?

Well it has been falling for a while now, at least it has slowed down now. It's a little worrying but if we can get more people to buy this coin through one way or another then the exchange rate won't be something you have to worry about.

I just wonder why it is failing now if it has every feature to compete with Bitcoin?

If its because of the rep that was a lit bit spoilt by BCN's enemies that's suck.

It's reputation was ruined because it came out to the public 10 weeks ago but it's chain is two years old.

That's called a pre-mine and people generally don't like buying into a coin where 80% of the entire circulation that will ever exist is already owned by the developer.

That's why it's reputation is spoiled, we don't even have to work to ruin Bytecoin's reputation.

If you want more proof, see the Nxt pre-mine and the Ripple pre-mine.

One Ripple developer who owned part of the pre-mine is now selling and just crashed the price. This is why people don't like pre-mines.

But please, go ahead and buy/mine your 0.00001% ownership of the entire circulation and cross your fingers a developer doesn't ever want out.

Technically this is not called pre-mine. You are comparing this to a dev who actively mined his own coin in a matter of days and got loaded to a coin that has been out for 2 years actively mined by a community. Shame to mislead such a matter.

If a dev mines years in secret isn't it a pre-mine?

Anyways, I have a question about the technology itself.

I'm a fan of ring signatures and am not a fan of these "masternodes" that Darkcoin uses.

But a lot of the masternode supporters say that ring signature blockchains will become so bloated that they'll never be useful. Can someone calculate how bloated they would be? Like if Bytecoin or Monero had the same transaction volume as Bitcoin, how much larger would the chain be?

[drawingthesun]

But a lot of the masternode supporters say that ring signature blockchains will become so bloated that they'll never be useful. Can someone calculate how bloated they would be? Like if Bytecoin or Monero had the same transaction volume as Bitcoin, how much larger would the chain be?

This is just pure speculation and misunderstanding. That's like saying that Bitcoin can't scale to high transaction count in the future.
Bitcoin can't handle a massive amount of transactions at the moment but this can easily be solved increasing the max transaction size.
So when the time comes (if it ever does) I guess the same can be done for Bytecoin.

The "bloat" is always relative, considering that you have untraceable and unlinkable transactions that work NOW, how useful is that ?

Also, see this : https://forum.cryptonote.org/viewtopic.php?f=2&t=10

I completely agree.

If you said you can have bitcoin, but anonymous transactions with 5 times the bloat, would you say yes?

Of course you say yes!

But they all want centralised MasterNodes so they can be spied on, because bloat is bad.

[33zer0w0lf]

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[collagen1888]

I like cryptonote but I can't decide which one to invest in

people say monero has the best/most active dev team

[sgk]

people say monero has the best/most active dev team

Would you consider it the best team who created a fork?
Or the team who created the original coin?

[sorryforthat]

people say monero has the best/most active dev team

Would you consider it the best team who created a fork?
Or the team who created the original coin?

Invest in both. I mean who really just goes for one coin these days?

[collagen1888]

people say monero has the best/most active dev team

Would you consider it the best team who created a fork?
Or the team who created the original coin?

the best dev team working on relevant things to make a cryptonote coin better

it has nothing to do with the questions you posed, what is bytecoin doing? what is on the development roadmap and eta

regardless, no cryptonote coins even have a GUI yet

[sorryforthat]

people say monero has the best/most active dev team

Would you consider it the best team who created a fork?
Or the team who created the original coin?

the best dev team working on relevant things to make a cryptonote coin better

it has nothing to do with the questions you posed, what is bytecoin doing? what is on the development roadmap and eta

regardless, no cryptonote coins even have a GUI yet

I like this coin better with out the GUI, its not really needed and keeps alot of the dumpers looking for easy money out.

[collagen1888]

people say monero has the best/most active dev team

Would you consider it the best team who created a fork?
Or the team who created the original coin?

the best dev team working on relevant things to make a cryptonote coin better

it has nothing to do with the questions you posed, what is bytecoin doing? what is on the development roadmap and eta

regardless, no cryptonote coins even have a GUI yet

I like this coin better with out the GUI, its not really needed and keeps alot of the dumpers looking for easy money out.

really? lol people just dump it straight to exchanges after getting it in their pool

[sorryforthat]

really? lol people just dump it straight to exchanges after getting it in their pool

Actually this cannot be done, the transfer needs a payment ID which pools do not do. This can only be done from wallet right now.

[collagen1888]

really? lol people just dump it straight to exchanges after getting it in their pool

Actually this cannot be done, the transfer needs a payment ID which pools do not do. This can only be done from wallet right now.

thanks for the clarification, this seems like a tiny software tweak actually so maybe just a few days before a pool implements that?


so what is the development roadmap ?

[sorryforthat]

really? lol people just dump it straight to exchanges after getting it in their pool

Actually this cannot be done, the transfer needs a payment ID which pools do not do. This can only be done from wallet right now.

thanks for the clarification, this seems like a tiny software tweak actually so maybe just a few days before a pool implements that?


so what is the development roadmap ?

Minergate has posted that they are working on the ability to send to an address with a payment ID.

[collagen1888]

really? lol people just dump it straight to exchanges after getting it in their pool

Actually this cannot be done, the transfer needs a payment ID which pools do not do. This can only be done from wallet right now.

thanks for the clarification, this seems like a tiny software tweak actually so maybe just a few days before a pool implements that?


so what is the development roadmap ?

Minergate has posted that they are working on the ability to send to an address with a payment ID.

ah, I wonder if the other cryptonote coins will implement that so quickly too

[slb]

people say monero has the best/most active dev team

Would you consider it the best team who created a fork?
Or the team who created the original coin?

+1

Great coin, hugely undervalued.

[Skele]

I was thinking that our way of marking Bytecoin is pretty lame. Why do we say "not BTE" at all? There was a confusion at first, but at the moment the topic have gone pretty far so we can put it just "BCN". After all, the second Bytecoin is not marked as "not BCN". Do we need this at all?

[graphfox]

people say monero has the best/most active dev team

Would you consider it the best team who created a fork?
Or the team who created the original coin?

+1

Great coin, hugely undervalued.

8 satoshi is ridiculous. Devs might have done a better job at keeping people away than anticipated.