Future_1
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May 26, 2014, 10:11:52 AM |
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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?
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TonyZX
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May 26, 2014, 10:22:22 AM |
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why the bytecoin dropping so much?
Good question. That's what I wonder every day when I wake up
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Bitcoin is our past, present and future!
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cyrpi4
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May 26, 2014, 10:43:32 AM |
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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.
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Donations: 2235fa09-d5b3-4d5d-9b28-d1281abc1ccb
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shekelsteingoyberg2
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May 26, 2014, 12:38:32 PM |
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How about that gui wallet...
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drawingthesun
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May 26, 2014, 12:45:39 PM |
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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?
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drawingthesun
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May 26, 2014, 01:46:20 PM |
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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=10I 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.
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collagen1888
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May 26, 2014, 05:53:12 PM |
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I like cryptonote but I can't decide which one to invest in
people say monero has the best/most active dev team
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sgk
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!! HODL !!
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May 26, 2014, 05:56:12 PM |
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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?
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sorryforthat
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May 26, 2014, 06:06:52 PM |
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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?
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collagen1888
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May 26, 2014, 06:13:15 PM |
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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
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sorryforthat
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May 26, 2014, 06:17:48 PM |
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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.
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collagen1888
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May 26, 2014, 06:27:22 PM |
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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
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sorryforthat
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May 26, 2014, 06:30:00 PM |
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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.
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collagen1888
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May 26, 2014, 06:45:20 PM |
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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 ?
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sorryforthat
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May 26, 2014, 06:52:48 PM |
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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.
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collagen1888
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May 26, 2014, 07:00:42 PM |
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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
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slb
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May 26, 2014, 07:39:21 PM |
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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.
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Skele
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VocalPlatform.com
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May 26, 2014, 08:17:58 PM |
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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?
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graphfox
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May 26, 2014, 08:51:35 PM |
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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.
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