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

[sorryforthat]

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

Then its a good time to invest, if anyone can change this coin in the greatest way, it is the guys who created it in the first place

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[nade70]

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

Then its a good time to invest, if anyone can change this coin in the greatest way, it is the guys who created it in the first place

MRO and QCN difficulty shot through the roof because everyone jumped on those as the next best thing. As there are some that have been skeptical about BCN the difficulty hasn't risen so sharply and the usual fools are mining and dumping but for those of us that stick around for the long term this coin is going to be great.

As a small miner short term gains are never going to make me a killer investment, I just need a solid coin with staying power and BCN has all that in spades. I don't care if its not the popular coin this month or next because at some point the masses will stumble over this little gem with its stable network and anonymous transactions and go nuts for it. If that doesn't happen for a another 2 years while we quietly keep mining, well wont our stash of BCN be nice and big.

Sit back, relax and build your stash

[burnbabyburn71]

Some dumbass dumped a massive amount all at once, its down to 2 satoshi on cryptonote exchange and poloniex. Well I'm not selling for anything under 10 satoshi, 2 satoshi is abysmal.

[drawingthesun]

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?

Remember that pre-mined coins generally die out. That is why Monero was created in the first place.

A lot of people are working to make Monero great, several people are working on a GUI using the QT framework too.

Monero exists for a reason, a similar situation happened with Tenebrix.

Litecoin wasn't first, but their fork had reason to exist.

When looking at a fork, try to see why that fork exists. Is it because they just want to pump and dump? Or is it because someone saw that something was wrong and tried to fix it.

Although I will admit that the Monero team do need to prove themselves in regards to handling the CryptoNote codebase. It'll be a while before we can determine if the Monero team are capable of handling this massive project. From my discussions with them I believe they are, hence why I invested in the first place.

(I hardly invest in Alternative coins and it wasn't until I came across CryptoNote that I decided to get involved. However I wasn't happy with buying into a hidden two year chain and found Monero.)

LAUNCHED

Download the binaries from: http://litecoin.org
Check out the source: https://github.com/litecoin-project/litecoin
Wiki: http://litecoin.info
Forum: http://forum.litecoin.net/

Proof of Work

We really liked Tenebrix's Scrypt proof of work.  Using Scrypt allows one to mine Litecoin while also mining Bitcoin.  We humbly offer a big thanks to ArtForz for the implementation.

Premines

Litecoin will come with 150 premined coins: just the genesis block and the first 2 blocks to confirm the genesis is valid.  We believe a coin needs to be released in a fair manner.  Having one person (or a group) control a large amount of coins that can be used as they see fit is against the decentralized vision of Bitcoin.  Yes, it is true that without a stash of premined coins, we will not be able to afford to pay for bounties, but we believe people will see the virtue of this coin, invest in it as early adopters, and will be willing to spend time creating services to make this coin better.

[shadowduck]

My suggest for resolving the premine problem is:

1. apologize to the community for the cheat
2. preserve 10% of the total coin issued as compensation and further development fund,
   but give away all the left you controlled to bitcointalk users if they fulfill the following two requirements:

   A. his account must be registered to bitcointalk before today
   B. his must issue a request with his BCN address.

   Sharecoin's approach to distribute coin is a good example: you could build a simple webpage, and check registered user for their bitcointalk signature for validation.

Then user who invest to MRO/QCN/FCN/.... will come back to BCN,
and BCN will build its position like BTC to cryptocoin and LTC to scrypt.

Considering innovation/strength/feature/community, BCN will beat DRK after that.

------------------OR----------------------
You will see BCN to die without anyone have the willing to buy.
Too pity to see that BCN dies while MRO/QCN/FCN arise.
And indeed this situation also hurt the whole CryptoNote world, not limited to BCN itself.

[Rytir_fik]

My suggest for resolving the premine problem is:

1. apologize to the community for the cheat
2. preserve 10% of the total coin issued as compensation and further development fund,
   but give away all the left you controlled to bitcointalk users if they fulfill the following two requirements:

   A. his account must be registered to bitcointalk before today
   B. his must issue a request with his BCN address.

   Sharecoin's approach to distribute coin is a good example: you could build a simple webpage, and check registered user for their bitcointalk signature for validation.

Then user who invest to MRO/QCN/FCN/.... will come back to BCN,
and BCN will build its position like BTC to cryptocoin and LTC to scrypt.

Considering innovation/strength/feature/community, BCN will beat DRK after that.

------------------OR----------------------
You will see BCN to die without anyone have the willing to buy.
Too pity to see that BCN dies while MRO/QCN/FCN arise.
And indeed this situation also hurt the whole CryptoNote world, not limited to BCN itself.

I do not understand you. The community is mining this coin for 2 years. It was hidden but who care... me not. It is similar like I would start to mine Litecoin now and crying that anybody did not tell me about Litecoin earlier.

[ccienet]

I like BCN

[drawingthesun]

I do not understand you. The community is mining this coin for 2 years. It was hidden but who care... me not. It is similar like I would start to mine Litecoin now and crying that anybody did not tell me about Litecoin earlier.

Nope, it's nothing like Litecoin.

Litecoin wasn't mined in secret for two years where no one ever heard about it.

Also look at the block reward.

From block 10,000 to 400,000 there is about a 10% increase.

What that means is the same computing power was used, there wasn't a community of 10,000 underground hackers mining away, it was probably a small server room.

But you're completely ok with that, you don't mind, you don't care, not you.



no one is crying that it was mined for two years but you didn't hear about it.

You couldn't have heard about it!

[drawingthesun]

Actually block 2,000 has a higher difficulty than 400,000.

No one heard about this coin, it was impossible to hear about it. It was mined in a single farm for all this time.

Once I'm finished this semester, I'm going to download the BCN blockchain and graph all the difficulty changes.

[sorryforthat]

Actually block 2,000 has a higher difficulty than 400,000.

No one heard about this coin, it was impossible to hear about it. It was mined in a single farm for all this time.

Once I'm finished this semester, I'm going to download the BCN blockchain and graph all the difficulty changes.

This thread has alot of those graphs already done.

[drawingthesun]

Actually block 2,000 has a higher difficulty than 400,000.

No one heard about this coin, it was impossible to hear about it. It was mined in a single farm for all this time.

Once I'm finished this semester, I'm going to download the BCN blockchain and graph all the difficulty changes.

This thread has alot of those graphs already done.

Cool, in that case I'll have a look for them.

[Patejl]

What happened with price?  
BCN is selling for 6 satoshis on Poloniex and stupid Monero for more than 400 000. WTF?

[Russell1]

Is there a daemon and wallet for 32bit windows?

[drawingthesun]

What happened with price?  
BCN is selling for 6 satoshis on Poloniex and stupid Monero for more than 400 000. WTF?

Come on really?

BCN 150,000,000,000 * 6 / 100,000,000 = 9,000 Bitcoin market cap.

MRO 1,000,000 * 400,000 / 100,000,000 = 4,000 Bitcoin market cap.

You need to research coin release and understand the amount of coins before rushing to the forums in surprise.

:p

Bytecoin is still worth more than Monero.

[ex_mac]

POOL

http://bcn.ext-pool.net/

1 % fee, tested block found OK, payout OK.

ps: cpu cloud mining - https://cpu-cloud.net/ - per hour server rent for mining.

[Future_1]

What happened with price?  
BCN is selling for 6 satoshis on Poloniex and stupid Monero for more than 400 000. WTF?

Come on really?

BCN 150,000,000,000 * 6 / 100,000,000 = 9,000 Bitcoin market cap.

MRO 1,000,000 * 400,000 / 100,000,000 = 4,000 Bitcoin market cap.

You need to research coin release and understand the amount of coins before rushing to the forums in surprise.

:p

Bytecoin is still worth more than Monero.

I honestly can't tell if you support bytecoin or you're against.

Your posts confuse me

[creepywheepy]

POOL

http://bcn.ext-pool.net/

1 % fee, tested block found OK, payout OK.

ps: cpu cloud mining - https://cpu-cloud.net/ - per hour server rent for mining.

Another pool?! and who's gonna say this coin is going down?
IMO, opposite direction

[graphfox]

My suggest for resolving the premine problem is:

1. apologize to the community for the cheat
2. preserve 10% of the total coin issued as compensation and further development fund,
   but give away all the left you controlled to bitcointalk users if they fulfill the following two requirements:
Ghosh ownership
   A. his account must be registered to bitcointalk before today
   B. his must issue a request with his BCN address.

   Sharecoin's approach to distribute coin is a good example: you could build a simple webpage, and check registered user for their bitcointalk signature for validation.

Then user who invest to MRO/QCN/FCN/.... will come back to BCN,
and BCN will build its position like BTC to cryptocoin and LTC to scrypt.

Considering innovation/strength/feature/community, BCN will beat DRK after that.

------------------OR----------------------
You will see BCN to die without anyone have the willing to buy.
Too pity to see that BCN dies while MRO/QCN/FCN arise.
And indeed this situation also hurt the whole CryptoNote world, not limited to BCN itself.

I don't believe the devs even control a significant amount of it, and they're just not saying anything because they want to keep people away while they finalize the wallet. It's likely locked in some form of fund with the key thrown away, and the only way to get any out is through the wallets. They're not dumb enough to forget about trustlessness.

[cyrpi4]

Actually block 2,000 has a higher difficulty than 400,000.

No one heard about this coin, it was impossible to hear about it. It was mined in a single farm for all this time.

Once I'm finished this semester, I'm going to download the BCN blockchain and graph all the difficulty changes.

Would be good to see your graph . Additional stats is always good.

[Agent99]

My suggest for resolving the premine problem is:

1. apologize to the community for the cheat
2. preserve 10% of the total coin issued as compensation and further development fund,
   but give away all the left you controlled to bitcointalk users if they fulfill the following two requirements:
Ghosh ownership
   A. his account must be registered to bitcointalk before today
   B. his must issue a request with his BCN address.

   Sharecoin's approach to distribute coin is a good example: you could build a simple webpage, and check registered user for their bitcointalk signature for validation.

Then user who invest to MRO/QCN/FCN/.... will come back to BCN,
and BCN will build its position like BTC to cryptocoin and LTC to scrypt.

Considering innovation/strength/feature/community, BCN will beat DRK after that.

------------------OR----------------------
You will see BCN to die without anyone have the willing to buy.
Too pity to see that BCN dies while MRO/QCN/FCN arise.
And indeed this situation also hurt the whole CryptoNote world, not limited to BCN itself.

I don't believe the devs even control a significant amount of it, and they're just not saying anything because they want to keep people away while they finalize the wallet. It's likely locked in some form of fund with the key thrown away, and the only way to get any out is through the wallets. They're not dumb enough to forget about trustlessness.

I wonder why till today? I mean there was already a comment describing what dev should do and when why not till that day??
IMo it's pointless to talk what they should do - better to think what we can do