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

[AlexGR]

On a short-term horizon, probably, BCN rate is likely to drop. The exchange does not show any serious changes in trading volumes - which probably means no one from the old community is trying to sell his coins which are "about to be destroyed".

My guess is the competitors (Darkcoin or other cryptonote coins) are having their own kind of fun to confuse the investors and miners.

I doubt Darkcoin considers BCN a threat (80% premine = DOA). And I also doubt other cryptonote coins would likely generate fud about techniques to destroy coins with secret keys (!?!?!) because it would be like shooting themselves on the foot if the architecture supports something like this. It is corrosive to the trust to the bytecoin-type blockchain.

So what is going on here beyond "this is fud"? Is that guy in some mailing list and getting his coins "deleted"? If yes, how?

[knightcoin]

Besides, if old transactions are destroyed, there won't be enough outputs to mix the new transactions with - which will badly affect anonimity.

The value of BCN long blockchain is that it has many outputs for ring signature mixing.

Thats was I trying to understand ... thanks for that ..

Article
https://jesper.borgstrup.dk/tag/ring-signatures/

Original Paper
http://people.csail.mit.edu/rivest/pubs/RST01.pdf

[33zer0w0lf]

Besides, if old transactions are destroyed, there won't be enough outputs to mix the new transactions with - which will badly affect anonimity.

The value of BCN long blockchain is that it has many outputs for ring signature mixing.

Thats was I trying to understand ... thanks for that ..

Article
https://jesper.borgstrup.dk/tag/ring-signatures/

Original Paper
http://people.csail.mit.edu/rivest/pubs/RST01.pdf

http://bcn.extremepool.org

[cryptrol]

So much retarded trolling going on.
We need a dedicated forum for bytecoin, everytime I visit this thread, a thousand neurons die in my head.

[kneim]

If one person could destroy coins from others, the coin would be trash only.

If devs want destroy their own coins, it's possible. But that's a mistake. You simply do not need to touch them. If devs are confinding characters, they simply can use them to stabilize the market on extreme price gains.

I hope, and believe, this is FUD only.

[sorryforthat]

If one person could destroy coins from others, the coin would be trash only.

If devs want destroy their own coins, it's possible. But that's a mistake. You simply do not need to touch them. If devs are confinding characters, they simply can use them to stabilize the market on extreme price gains.

I hope, and believe, this is FUD only.

I agree that this has to be FUD.

The devs could create a new coin far more superior.

[smooth]

It's an attempt to pump, and is false, as anyone who understands the technology knows.

[33zer0w0lf]

Wanted to let everyone know that hashing is increasing @ http://bcn.extremepool.org
Come Join us!

[Cockeyed]

Hi Friends,

sorry for such a stupid question, but I really got stuck in installing this. My system is Windows XP, and after downloading and starting "Bytecoind.exe" it says "Bytecoind.exe is not a valid win 32 application". OK, maybe download data error, so I downloades again. Error again. Then I downloded the whole package. Error again. My conclusion: Windows XP is too old now for this. Maybe it does not support WinXP anymore, so I installed "PuppyLinux" on another computer. I managed to downlod and extract it. But how to get it started on linux now? Click on "launch" does not do anything. Starting with console.... I have no clue what to type here. Anybody experienced similarities? Sorry if wrong thread. Thanks.

[sorryforthat]

Hi Friends,

sorry for such a stupid question, but I really got stuck in installing this. My system is Windows XP, and after downloading and starting "Bytecoind.exe" it says "Bytecoind.exe is not a valid win 32 application". OK, maybe download data error, so I downloades again. Error again. Then I downloded the whole package. Error again. My conclusion: Windows XP is too old now for this. Maybe it does not support WinXP anymore, so I installed "PuppyLinux" on another computer. I managed to downlod and extract it. But how to get it started on linux now? Click on "launch" does not do anything. Starting with console.... I have no clue what to type here. Anybody experienced similarities? Sorry if wrong thread. Thanks.

On Linux you should have a bytecoind.

Find where the bytecoind is located and in the console do ./bytecoind

[Cockeyed]

Thanks for the fast reply to me.

In fact there is a bytecoind.
I opened a terminal window and enteres "./bytecoind"
Bash:"cannot execute binary file"
Then I tried "./launch"
Answer:
./launch: line 4: /root/my-documents/bytecoin/bytecoin/ld-linux-x86-64.so.2: can not execute binary file"
./launch: line 4: /root/my-documents/bytecoin/bytecoin/ld-linux-x86-64.so.2: Success

Seems there is a similar problem like in windowsXP...

[onemorebtc]

Thanks for the fast reply to me.

In fact there is a bytecoind.
I opened a terminal window and enteres "./bytecoind"
Bash:"cannot execute binary file"
Then I tried "./launch"
Answer:
./launch: line 4: /root/my-documents/bytecoin/bytecoin/ld-linux-x86-64.so.2: can not execute binary file"
./launch: line 4: /root/my-documents/bytecoin/bytecoin/ld-linux-x86-64.so.2: Success

Seems there is a similar problem like in windowsXP...

afaik bytecoin requires a 64bit system

[Cockeyed]

Hi,
I just thought the same.
Sorry for bothering you, so I will install it on a 64-Bit Computer at next step. I´m sure it will work then.
Thanks a lot.

[sorryforthat]

Well you can possibly take out the ARCH flag in the Makefile in the Git clone, which is what I had to do on digital ocean when it gave wrong CPU file type errors

[Cockeyed]

I would try that when I had a clue how to do. This is my first time I really do something with Linux....

[romerun]

So it does not work on raspberry pi ? What make it need 64bit?

[cryptrol]

So it does not work on raspberry pi ? What make it need 64bit?

At the moment the daemon stores ALL the blockchain in memory, so memory usage is above 3.5 Gb.
I guess that's the main reason for a 64bit only binary. I am not in touch with the dev team but there is an issue in github about this, so I guess sooner or later this will be fixed. Well, in fact this must be fixed, otherwise you will need a lot of ram to run a node.

This is a problem for many reasons but for instance you can't run a node on a cheap VPS, what makes running a node more expensive than running a bitcoin node. Also if you want to build a store around BCN you need a daemon adding more costs to your basic infrastructure.

Maybe the devs have something to say about this ?
Or are they hiding on a dark dark corner of the deep deep web ?
We can use tor you know ...

_{Delete this thread.}

[sorryforthat]

_{Delete this thread.}

_{or not, its all good}

[Cockeyed]

Ups, so I also need more than 3,5GB RAM to run this? So the RAM must be at least the size of the Blockchain? Is the Blockchain allready above 3,5GB? Damn, I guess I need to buy a new PC...
Edit: Now I borrowed a Laptop with 64Bit and an OS called "Windows8" which is even more strange than Linux. Whatever, the main point is: the "Bytecoind" is running and sychronizing. At the beginning there was a message, I could choose something. But I did´t get it at all, so I pressed ENTER-key. Hopefully I did not mess it up.

[Cheesus]

LOL, looks like mr. Jameson Lopp thinks MRO devs are not qualified enough: https://twitter.com/lopp/status/472360292807364609

On the other hand, Bytecoin users may sleep well - BCN devs are all right.