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

[flower1024]

I really love the fact that afterall you can’t analyse the blockchain. You can’t analyse it, you can’t trace the payments - it’s really awesome.

No one tried to actually test analysis resistance before - would really like to see some more opinions on this.

I do not pretend to be ultimate analyst, but it seems to me that you can't get much more information from the  BCN transactions history than I already have gotten.

True.

Also, your analysis indirectly proves that there actually was A LOT of mining people during those two years.
In other words, it proves that this blockchain is real.

Caring BCN developers. They’ve created a lot of inputs for future generation of transactions, lol.

Even if so, it means they are really concerned about users and they want BCN to be used as serious digital currency. That's why we shouldn't be afraid of pump and dump initiated by devs.
 
But to be honest now I'm sure there were many BCN miners and holders during deep web period. 

[havanabob]

I really love the fact that afterall you can’t analyse the blockchain. You can’t analyse it, you can’t trace the payments - it’s really awesome.

No one tried to actually test analysis resistance before - would really like to see some more opinions on this.

I do not pretend to be ultimate analyst, but it seems to me that you can't get much more information from the  BCN transactions history than I already have gotten.

True.

Also, your analysis indirectly proves that there actually was A LOT of mining people during those two years.
In other words, it proves that this blockchain is real.

Caring BCN developers. They’ve created a lot of inputs for future generation of transactions, lol.

Even if so, it means they are really concerned about users and they want BCN to be used as serious digital currency. That's why we shouldn't be afraid of pump and dump initiated by devs.
 
But to be honest now I'm sure there were many BCN miners and holders during deep web period. 

Also transaction number is HUGE. I didn’t even imagine such number. Not like I was too interested tho, lol.

[Lamalicious]

Would like to have an actual number on BCN users.

I remember someone made a post a long time ago about the PC count in the network - unfortunately the link is lost now.  I do remember though that PC count was rather high.

[flower1024]

What is really interesting to me is that every users "wave" has its own behavior pattern. I want to understand what are those "waves", if they are connected between each other or not... I'll try to make a further research and if you want to help or know any specific methods to disclose it I will be glad to have a PM from you.

[Lamalicious]

How is the codebase licensed? Is it a MIT license as with Bitcoin-based cryptocurrencies?

It's MIT licensed.

// Copyright (c) 2012-2013 The Cryptonote developers
// Distributed under the MIT/X11 software license, see the accompanying
// file COPYING or http://www.opensource.org/licenses/mit-license.php.

(c) account.cpp file, you can find it in almost every file on github.

[UnitedColors]

There is a bunch of things on this forum that make me feel dumb. When i saw that research made by @flower1024 ... you know mr. Flower, with all your graphs and researches...you did it again. Nailed it. Totally.

[AtomicDoge]

There is a bunch of things on this forum that make me feel dumb. When i saw that research made by @flower1024 ... you know mr. Flower, with all your graphs and researches...you did it again. Nailed it. Totally.

lol, no worries, man, you're not alone.
I've been here for 2 months and newbie thread is still my favorite thread, because whatever, im still learning, people!

[Suzuki]

Caring BCN developers. They’ve created a lot of inputs for future generation of transactions, lol.

They created a couple and could not stop....

[UnitedColors]

lol, no worries, man, you're not alone.
I've been here for 2 months and newbie thread is still my favorite thread, because whatever, im still learning, people!

The best thread i've seen so far was on reddit and it was called "Moronic monday". Could not resist clicking on it cuz the title was just brilliant. So "me".

[Meggie]

@Penis

I've been waiting for you. mmm hmm! 

[werrindor]

@Penis

I've been waiting for you. mmm hmm! 

THIS is not Tinder.

[dragonmike]

Ahem... Is it even worth mining this with a single core2duo? :-/
Is there some sort of mining calculator?

[Raffa182]

Ahem... Is it even worth mining this with a single core2duo? :-/
Is there some sort of mining calculator?

Use https://minergate.com/calc

btw How do I do to deposit in Poloniex?

regards

[Spekulatius]

@ flower1024:  It would be interesting to compare the graphs you have worked out (thx alot, very nice!) with those available for Bitcoin. Since much more certainty exists about the influencing factors to Bitcoin's blockchain and history, a comparison between the two would be quite telling to whether Bytecoin has indeed been growing organically, like Bitcoin; and may also reveal other stuff we can not yet infer.

Despite the impressive job you have done, Id like to remind you that your conclusions, to date remain hypothesises, until further cemented by additional evidence. For example, at least I have not seen compelling evidence that real people have created those myriads of transactions during Bytecoins stealth phase and not a couple of different bots as result of some experiments. We also know very little about the actual developers and their intentions. If the early tx activity is indeed the product of efforts to increase anonymity for later users or just the result of initial interest and network activity or the attempt to set up field conditions for further testing is unknown. I hope we see more of you and other researchers in the field! Looking forward to it.

[MaKii]

i tried withdrawing again on minergate today and it worked with no problems. you need to withdraw it to your wallet because they cant withdraw it directly to an exchange cause minergate has no Paymend ID. My coins arrived in my wallet. everything works fine now and i will use minergate because of their great mining gui.

[MaKii]

can someone explain me how to copy and paste the deposit adress into simplewallet.  Strg+C dont work and right mouse click also dont work ?!

[knightcoin]

People should do better research about ring signature ...

[dewdeded]

Despite the impressive job you have done, Id like to remind you that your conclusions, to date remain hypothesises, until further cemented by additional evidence. For example, at least I have not seen compelling evidence that real people have created those myriads of transactions during Bytecoins stealth phase and not a couple of different bots as result of some experiments. We also know very little about the actual developers and their intentions. If the early tx activity is indeed the product of efforts to increase anonymity for later users or just the result of initial interest and network activity or the attempt to set up field conditions for further testing is unknown. I hope we see more of you and other researchers in the field! Looking forward to it.

+ 100

[slb]

57.7% of all Litecoins are owned by 26 addresses  (0.01%)
46% of all Dogecoins are owned by 58 addresses  (0.01%)
39.8% of all Peercoins are owned by 31 addresses  (0.14%)
39% of all Blackcoins are owned by 11 addresses  (0.05%)
And I can show you that all crypto currencies have this "problem".
Do you really think premine, if any, is really such a big problem?

Also, I clearly see 2 hash rate spikes (one in September 2012 and one in August 2013) that convince me this coin is not premined. It is premined only if you define "premine" as "not mined by Bitcointalk community". And I think this is what drives crazy most of the guys here.

[Agent99]

57.7% of all Litecoins are owned by 26 addresses  (0.01%)
46% of all Dogecoins are owned by 58 addresses  (0.01%)
39.8% of all Peercoins are owned by 31 addresses  (0.14%)
39% of all Blackcoins are owned by 11 addresses  (0.05%)
And I can show you that all crypto currencies have this "problem".
Do you really think premine, if any, is really such a big problem?

Also, I clearly see 2 hash rate spikes (one in September 2012 and one in August 2013) that convince me this coin is not premined. It is premined only if you define "premine" as "not mined by Bitcointalk community". And I think this is what drives crazy most of the guys here.

+1   
That's how financial world works actually . There's usually 10% of people who own 90% of funds.