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

[sorryforthat]

An email exchange with someone at CryptoNote that might help others clear up some details...

"Good afternoon,
I was hoping to hear more details about the developers of ByteCoin. There are rumors and fear being spread around online saying that basically 80% of the ByteCoins were ninja-mined from 2012 up until BCN's recent "public release". I can confirm on the blockchain that 83% of the coins are mined already, but I was wondering if CryptoNote had any historical information or more details about working with ByteCoin devs? Who and how many people actually mined these 154 billion coins?
Thank you for your time... "

RE:CryptoNote

"Dear ----,
It is not of our interest to judge the decisions of Bytecoin developers and its outcomes. The coin was indeed released in July 2012 in a cooperation with us. Bytecoin developers are killer coders and are responsible for the vast majority of the CryptoNote's current code base. However, when the coin was released the two teams took completely different paths. CryptoNote went back to the researches, while Bytecoin was focused on building the cryptocurrency and the community. There are polar views on the current distribution of Bytecoin. What we can confirm is that the coin indeed had several groups of early adopters (related to scientific, educational, and gaming industries) and is likely to be spread among at least a thousand users (may well be more). I hope this helps."

A thousand users at least? And why was the mining difficulty stagnant for two years?

Not buying this at all.

Hey, this is smooths job man.

[sorryforthat]

A thousand users at least? And why was the mining difficulty stagnant for two years?

Not buying this at all.

On a real note, you are missing the key work here, "users". Not miners but users.

[smooth]

A thousand users at least? And why was the mining difficulty stagnant for two years?

Not buying this at all.

On a real note, you are missing the key work here, "users". Not miners but users.

Guys, news flash. It's dead. The strategy might have worked, but it didn't. Just stop.

[sorryforthat]

A thousand users at least? And why was the mining difficulty stagnant for two years?

Not buying this at all.

On a real note, you are missing the key work here, "users". Not miners but users.

Guys, news flash. It's dead. The strategy might have worked, but it didn't. Just stop.

Hey, I support both Monero and Bytecoin. Since the first day this was on the forum and the first day Monero posted an ANN. I have no bias toward either, but one should not forget their roots, no matter how bad the conditions. So to come here is disrespect this coin and what the devs have done (which in turn Monero would be nothing) seems almost silly. As we speak the devs are working on something new, to come here smooth and make a mockery of the coin shows poorly on Monero in my eyes. I respect your views and what you are trying to say but you may need the Bytecoin devs one day.

[drawingthesun]

A thousand users at least? And why was the mining difficulty stagnant for two years?

Not buying this at all.

On a real note, you are missing the key work here, "users". Not miners but users.

Guys, news flash. It's dead. The strategy might have worked, but it didn't. Just stop.

Hey, I support both Monero and Bytecoin. Since the first day this was on the forum and the first day Monero posted an ANN. I have no bias toward either, but one should not forget their roots, no matter how bad the conditions. So to come here is disrespect this coin and what the devs have done (which in turn Monero would be nothing) seems almost silly. As we speak the devs are working on something new, to come here smooth and make a mockery of the coin shows poorly on Monero in my eyes. I respect your views and what you are trying to say but you may need the Bytecoin devs one day.

I agree. I will show my distaste for the ninja mine. The stagnant difficulty says everything.

But, the Bytecoin developers did make this thing, so let's not forget that.

And Bytecoin's hashrate is close to QCN, so it's not dead either.

One of these (BCN, QCN, BBR) may become Litecoin to Monero.

[smooth]

A thousand users at least? And why was the mining difficulty stagnant for two years?

Not buying this at all.

On a real note, you are missing the key work here, "users". Not miners but users.

Guys, news flash. It's dead. The strategy might have worked, but it didn't. Just stop.

Hey, I support both Monero and Bytecoin. Since the first day this was on the forum and the first day Monero posted an ANN. I have no bias toward either, but one should not forget their roots, no matter how bad the conditions. So to come here is disrespect this coin and what the devs have done (which in turn Monero would be nothing) seems almost silly. As we speak the devs are working on something new, to come here smooth and make a mockery of the coin shows poorly on Monero in my eyes. I respect your views and what you are trying to say but you may need the Bytecoin devs one day.

I've already said many times (including within the last page), that I respect whoever developed this code and technology. Monero will, until the end of time, give proper credit and respect to the original developers. I think I said several pages back that I rate them only a notch or two below Satoshi in the significance of their contribution.

I have no idea who that is or what their connection (if any) might be to the sleazy and failed BCN promotion tactics (and it is the latter to which I refer as dead and futile). As for what they might do in the future, if and when they deliver, if it is something valuable, I will give due credit. For the moment, anyone can promise vaporware -- not worth much.

[Bernadette Desimone]

I also tested version under linux, compiled source code and there is everything OK. 

[cryptrol]

Monero and Quazarcoin (and the rest) are all useless clones from the technology point of view. They can obviously create a big community and contribute to the Bytecoin code base (there are already accepted pull requests from those projects), but they are NOT innovative, they are clones, again that doesn't mean much in this world (read Dogecoin).

Fantomcoin is useful because it added merged mining.

This thread is about Bytecoin, so, again, please take your trolling to the corresponding threads. There is people here (me) that is not interested at all in all the clones that have appeared and will continue to appear ad infinitum using the Bytecoin codebase.

Bytecoin can (and will IMHO) succeed where Bitcoin failed, and by _success_ I don't mean that Bytecoin value will (substantially) increase, but I really think it will be used.

There is obviously something shady behind Bytecoin, but there is also obviously talent behind it.
We will see what prevails in the end.
Good luck.

[drawingthesun]

Monero and Quazarcoin (and the rest) are all useless clones from the technology point of view. They can obviously create a big community and contribute to the Bytecoin code base (there are already accepted pull requests from those projects), but they are NOT innovative, they are clones, again that doesn't mean much in this world (read Dogecoin).

Fantomcoin is useful because it added merged mining.

This thread is about Bytecoin, so, again, please take your trolling to the corresponding threads. There is people here (me) that is not interested at all in all the clones that have appeared and will continue to appear ad infinitum using the Bytecoin codebase.

Bytecoin can (and will IMHO) succeed where Bitcoin failed, and by _success_ I don't mean that Bytecoin value will (substantially) increase, but I really think it will be used.

There is obviously something shady behind Bytecoin, but there is also obviously talent behind it.
We will see what prevails in the end.
Good luck.

Wow very interesting.

I think I speak for many people here that the CryptoNote currencies do not intend to replace Bitcoin.

You desperately need to read the white paper.

The author of CryptoNote intends for multiple currencies to co-exist together. They make action towards this goal by stripping all of "Script" from the transaction reducing the transactions to a more cash like operation.

CryptoNote coins have no intention of becoming programmable money in the sense that Ethereum or Bitcoin or Nxt do. CryptoNote coins seek to do a thing and do it very well. (anonymity.)

TL:DR:
The authors of CryptoNote do not intend for a future world where only once currency exists and this is clear by their actions.

####################


Also network effect is very important, Ninja mined coins generally lack the network effect. This is an important feature, unfortunately some people are too obsessed with computer code to realize it.

Hint: Monero introduces an innovation into the marketplace, that is a fair and just launch.

Good luck.

[cryptrol]

You desperately need to read the white paper.

You desperately need to reread my post and understand it.

Let me put it in bold. I am not saying that Bytecoin will replace Bitcoin, Bytecoin uses the same solution of the Byzantine Generals as Bitcoin, and Bitcoin succeeded in establishing a distributed consensus in a decentralized network.
However, the one-time keys used in Bytecoin (Cryptonote) is something that even Satoshi wanted for Bitcoin. And IMHO this is better than the current way of using Bitcoin, but Bitcoin can be used in many ways, see the Dark Wallet implementation for instance.

And again, this is a Bytecoin thread

[Cockeyed]

As I stated in my earlier post, I installed this on a new laptop which I borrowed. After 2 Days the 4GB of RAM were filled up, and Windows8 suggested to close it. Damn, you will need kind of workstation with dozens GBs of RAM if you want to keep this running.

Like this, in my opinion, it is not really inviting or usable for most of the interested people. And I really don´t need this kind of workstation, so it would be kind of "dedicated hardware" again. For me it seems questionable if this coin will be succesfull this way.Anyways, beside of this, it sounds all like a great concept.

To the techies here: Would it be possible that future versions use less RAM?
Or ist that high RAM-usage part of the ASCI-resistance and it will be nothing to to about it?
Looks also to me that the blockchain is somehow using more space than the blockchain of other coins.
Many people are active here in this tread, how many of you are using this coin or have tried to use it?

Sorry for disturbing your conversation and thanks.

[cryptrol]

To the techies here: Would it be possible that future versions use less RAM?

https://github.com/amjuarez/bytecoin/issues/1#issuecomment-40220704

[Cockeyed]

Thanks. So it seems it could be solved in the future. By the way: I did not know that computers with 4GB of RAM are "Low Performance Machines". I guess I´m kind of not up to date anymore at all...

[matej krkic]

Thanks. So it seems it could be solved in the future. By the way: I did not know that computers with 4GB of RAM are "Low Performance Machines". I guess I´m kind of not up to date anymore at all...

Hm...My 4Gb core 2 quad seems to be really low performance for me. I have lots of problems with it. So, I think 4GB is not enough nowadays.

[cryptrol]

Thanks. So it seems it could be solved in the future. By the way: I did not know that computers with 4GB of RAM are "Low Performance Machines". I guess I´m kind of not up to date anymore at all...

They are not, 4Gb of RAM is more than enough. It is a problem with the Bytecoin implementation and it must be solved ASAP.
As you saw on the Github link this is something they are already working on.
IMHO this could pose a risk to Bytecoin since it limits the amount of nodes of the network, I hope the devs don't underestimate this risk.

[Bosa Mora]

Don't wanna waste my time trying to explain evident things.

[JJKirsch]

Monero and Quazarcoin (and the rest) are all useless clones from the technology point of view. They can obviously create a big community and contribute to the Bytecoin code base (there are already accepted pull requests from those projects), but they are NOT innovative, they are clones, again that doesn't mean much in this world (read Dogecoin).

Fantomcoin is useful because it added merged mining.

This thread is about Bytecoin, so, again, please take your trolling to the corresponding threads. There is people here (me) that is not interested at all in all the clones that have appeared and will continue to appear ad infinitum using the Bytecoin codebase.

Bytecoin can (and will IMHO) succeed where Bitcoin failed, and by _success_ I don't mean that Bytecoin value will (substantially) increase, but I really think it will be used.

There is obviously something shady behind Bytecoin, but there is also obviously talent behind it.
We will see what prevails in the end.
Good luck.

I agree. I personally prefer the original and don't really understand those people who think that cloned coines gonna work out somehow... For me they just won't.

Anyway, good luck to all of you guys.

[werrindor]

So i tried to run the CPU Miner on my Win 8 x64. Aaaand it did not work. Oh god why.

[SherdonIke]

So i tried to run the CPU Miner on my Win 8 x64. Aaaand it did not work. Oh god why.

Hmm i remember somebody here complaining about it maybe couple weeks ago

[Rockefeller]

So i tried to run the CPU Miner on my Win 8 x64. Aaaand it did not work. Oh god why.

Hmm i remember somebody here complaining about it maybe couple weeks ago

You should have looked for it then.
Here. Not really helpful though.

Where can I get the CPU Miner?

https://github.com/LucasJones/cpuminer-multi

Does not work on win 8.1 x64. Looks like it is a common problem. Is there a difference between cpuminer and simpleminer in hash rate?