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

[sorryforthat]

If bytecoin has been available to the people for so long then it must have been mentioned on forums like this. People would not launch an honest coin and then forget to mention it for two years.

Not true, hell some current releases dont even get put on this thread right away if at all as people opt for boards like Cryptocointalk. They mentioned having not wanted to Fork bitcoin but to create a coin free of some of the flaws at the time and add extra security; Ring Singnatures. So the coin had no need for a Bitcointalk release as it was in no way associated with it, its like me posting Pepsi shit on a Coca Cola board, they are both sodas, but far from alike.

Bitcoin was mentioned hundreds of thousands of times early on. People just were not interested in cryptocurrencies then. But how could the new bytecoin be around for two years after cryptocoins were becoming known and not one person mentioned it?

This is a silly and very narrow minded way to think. Do not assume this is the end all be all place to share cryptoinformation.

a) The number of people mining it was very small and they decided to keep it a secret so they could mine the bulk, or

Think the math done some time ago by looking at the blockchain showed a few thousand.

b) There is some more complex explanation. Someone refered to the possibility of a bogus blockchain. I don't know if that is possible, but if so then such a large file would probably have been modeled on another coins blockchain rather than created from scratch.

Only one person really said the blockchain was bogus and that was smooth and this was just some words. Smooth is a Monero dev mind you and for a while would come here spreading much FUD, although he hasnt been on this thread for some time. The large file is just due to the amount of data contained within. Bitcoin blockchain is about 7GBs, so BCN is rather small in comparison.

Whatever the explanation, once the new 'bytecoin', bcn, reaches a certain point of course the big holders will dump it and the price will drop precipitously and it will be a tarnished coin, similar to many others that have started like this.

This goes for any coin. At one point the coin lingered around 2 sat and was bought by alot of people who will dump for a 5x profit. Has nothing to do with past mining.

If a person supports the code behind the coin there are several fair launch coins that are identical except that they have much lower prices and far more coinholders and will not crash when someone writes a comprehensive article about them. Monero, quazarcoin, fantom others all will perform much better in the long term, there is no doubt about that.

Those coins are all forks and its only a "fair launch" because you and others were around when it was launced. Everycoin could be considered a fair launch if the person missed the Bitcoin train in the begining. If someone supports the code, they will support the devs who created it, the ones that know it best and have the skills to bring it further than any other forked dev. Now with that said, I am a holder of both Monero and BCN and have no biased toward either, but support the devs who put so much work into a code that made forks what they are now. There will be a time when Monero and others will need BCN devs.

If a person considers the code potentially suspect, even though it is open source, there are other anonymous coins out and some being developed that will be ready soon, all much more ethical and with less scaminess than bytecoin bcn.

We as people are lazy and rely on current posts to dictate a decision. I suggest people browse this thread and make a decision for themselves. No scaminess here and the fact that you say this is FUD. Calm down and drive on.

[pepi]

I have small problem
I know that 4000 bytecoins is very small value in BTC, and for sending that I use latest binaries, but transaction never show in blockchain
So any help?

2014-Jun-27 21:12:10.197267 Read command: transfer 0 25cZNQYVAi3issDCoa6fWA2Aogd4FgPhYdpX3p8KLfhKC6sN8s6Q9WpcW4778TPwcUS5jEM25JrQvjD 3XjsvXuNHSWhYxxx 4000 b202c359cce294daa94c5e5b978cf89dc2c2c0382391be385e82c820aad41xxx
2014-Jun-27 21:12:10.205267 amount=0.00988892, real_output=0, real_output_in_tx_index=0, indexes: 0
2014-Jun-27 21:12:10.205267 amount=0.30000000, real_output=0, real_output_in_tx_index=1, indexes: 71346
2014-Jun-27 21:12:10.205267 amount=3.00000000, real_output=0, real_output_in_tx_index=4, indexes: 76659
2014-Jun-27 21:12:10.205267 amount=0.08000000, real_output=0, real_output_in_tx_index=0, indexes: 74463
2014-Jun-27 21:12:10.205267 amount=0.09000000, real_output=0, real_output_in_tx_index=1, indexes: 142260
2014-Jun-27 21:12:10.205267 amount=4000.00000000, real_output=0, real_output_in_tx_index=7, indexes: 96998
2014-Jun-27 21:12:10.205267 amount=0.10000000, real_output=0, real_output_in_tx_index=2, indexes: 76694
2014-Jun-27 21:12:10.205267 amount=20.00000000, real_output=0, real_output_in_tx_index=5, indexes: 83022
2014-Jun-27 21:12:10.286272 transaction <1f60fbca98dc542ff050ea8fba15fc05b90d29dfc276c14cbe884e5ef5f29ff5> generated ok and sent to daemon, key_images: [<274e39656dff71333a63d6b4246dc773a7848bfaedbf4931e9014c38fae819b2> <40b1b5e6724f51ca5d33eac6a00762bc89cd1c325dbd461ad5499a7beb48e756> <8680f84e560ab0d47ef8b9629b43fcb7323ad18fb65a3e736cd4cee433f0d6a5> <8743eb676b39aa5d0d41ee091ae985caa5d2fe13b731dfd6b55bd3bc8678ff76> <41944531e0d3fb610103d08c892d2fe11a16a3e91d98afabbb7e58567df885e3> <d96abed36f10c5f4141e1db464dcad5d88c6acc3e48e0e10366e25936e36d118> <6330dfb99b3960853991d9bb99e9255595eb0bf9a614327472da0d702f2e5284> <a0ebcab86fb94d2de36ffaa2158450aaef85987ad03620757067adc7050a95ad> ]
2014-Jun-27 21:12:10.286272 Transaction successfully sent. <<1f60fbca98dc542ff050ea8fba15fc05b90d29dfc276c14cbe884e5ef5f29ff5>>
Commission: 10.00988892 (dust: 0.00988892)
Balance: 1450.47918367
Unlocked: 0.01030643

xxx at the end of command is just edited it was sent ok

[smooth]

Only one person really said the blockchain was bogus and that was smooth and this was just some words. Smooth is a Monero dev mind you and for a while would come here spreading much FUD

1. I never said that it was bogus, I said that the dates it in could have been faked and the chain could have been mined in a much shorter period of time given that less than 10 computers would be required to mine it in two years. Simple math shows that if 10 computers could mine it in two years than 120 computers could mine it in two months, or 1000 computers (say on EC2 or in a lab) could mine it in a few days. I also said that there is no verifiable evidence of anything related to this coin existing prior to late 2013 or early 2014. There was certainly no public launch two years ago. If you don't want to call that a premine, call it something else, like a private mine.

2. I think you will find that my skepticism of the story behind this coin and the blatant campaign of sock puppet accounts (some stupidluy created within minutes of each other) promoting it predates the existence of Monero. It was my comments that in fact helped encourage others in the community to start Monero as a clean public launch (I joined later).

3. Comparisons with bitcoin because you personally may not have known about it are totally off base. Bitcoin was publicly launched and I have provided links that verifiably prove that bitcoin existed and was public when it claims to be.  No such proof has been offered for BCN (almost certainly because it doesn't exist).

4. There is at least one other person who has said the chain may be bogus (in fact I think he said it more strongly than I did). It was someone on the coinmarketcap thread. I have no connection with that person or account and I don't know who it is. Whoever it is came to his own conclusions that matched (or even go beyond) mine.

[Rytir_fik]

Ok I will be trolling a litttle bit. Does it mean something _ BCN is stable. I like it.

[slb]

Bytecoin is no longer with "** Significantly Premined" status on coinmarketcap.

[gilad215]

Guys i can't sync the Daemon, it says it can't connect to seeds and peers. any help?

[skybot13x]

What's up with extreme pool and ext one my hashrate is too low often

[sorryforthat]

If bytecoin has been available to the people for so long then it must have been mentioned on forums like this. People would not launch an honest coin and then forget to mention it for two years.

Not true, hell some current releases dont even get put on this thread right away if at all as people opt for boards like Cryptocointalk. They mentioned having not wanted to Fork bitcoin but to create a coin free of some of the flaws at the time and add extra security; Ring Singnatures. So the coin had no need for a Bitcointalk release as it was in no way associated with it, its like me posting Pepsi shit on a Coca Cola board, they are both sodas, but far from alike.

So then you are saying thousands of people who were early users of cryptocurrency were mining bcn and not a single one of them made a single peep about it? I'm very sorry but that is not believable.

Something very scammy going on. I hope you people don't burn too many folks who can't afford to lose much.

I suggest you read the Cryptonote interview which details BCN.

http://bitcoinbarbie.com/cryptonote-open-source-technology-concept/

"Bytecoin was not the very first realization of CryptoNote, as there was a so-called “BetaNote”, which was used for a couple of months before the launch of Bytecoin to test whether the currency works as designed. This test coin was presented to a large number of influential people in educational, scientific, and gaming industries, who eventually became the first miners of Bytecoin. I believe this “circle of a few” affected the way the currency developed during the next year and why the information was slow to spread. It is not in the nature or business of these participants to post on the Web, so all the mining teams grew in number through word-of-mouth only."

[polecrab]

Only one person really said the blockchain was bogus and that was smooth and this was just some words. Smooth is a Monero dev mind you and for a while would come here spreading much FUD

1. I never said that it was bogus, I said that the dates it in could have been faked and the chain could have been mined in a much shorter period of time given that less than 10 computers would be required to mine it in two years. Simple math shows that if 10 computers could mine it in two years than 120 computers could mine it in two months, or 1000 computers (say on EC2 or in a lab) could mine it in a few days. I also said that there is no verifiable evidence of anything related to this coin existing prior to late 2013 or early 2014. There was certainly no public launch two years ago. If you don't want to call that a premine, call it something else, like a private mine.

2. I think you will find that my skepticism of the story behind this coin and the blatant campaign of sock puppet accounts (some stupidluy created within minutes of each other) promoting it predates the existence of Monero. It was my comments that in fact helped encourage others in the community to start Monero as a clean public launch (I joined later).

3. Comparisons with bitcoin because you personally may not have known about it are totally off base. Bitcoin was publicly launched and I have provided links that verifiably prove that bitcoin existed and was public when it claims to be.  No such proof has been offered for BCN (almost certainly because it doesn't exist).

4. There is at least one other person who has said the chain may be bogus (in fact I think he said it more strongly than I did). It was someone on the coinmarketcap thread. I have no connection with that person or account and I don't know who it is. Whoever it is came to his own conclusions that matched (or even go beyond) mine.

I was interested enough in this mystery to look at the blockchain myself. Unlike bitcoin, this blockchain does not provide much information about payments other than an unlinkable transaction id - by design, so all I could really look at was the timestamp.  Here is what I found:

Code:

1st block 2012-07-04 05:00:00
2nd block 2012-07-04 05:00:01 
3rd block 2012-07-04 05:00:02
4th block 2012-07-04 06:00:05
5th block 2012-07-04 05:00:06
6th block 2012-07-04 05:00:08
7th block 2012-07-04 05:00:09
8th block 2012-07-04 05:00:10
100th Block 2012-07-04 05:02:46
101th Block 2012-07-04 05:02:47
1000th Block 2012-07-05 07:28:26
1001th Block 2012-07-05 07:28:27
10000th Block 2012-07-18 01:42:01
10001st Block 2012-07-18 01:44:00
10002nd Block 2012-07-18 01:48:13
100000th Block 2012-11-22 20:29:40
100001st Block 2012-11-22 20:30:35
200000th Block 2013-04-16 12:54:29
300000th Block 2013-09-06 12:34:16
400000th Block 2014-01-25 02:54:02
500000th Block 2014-06-12 01:26:32

The blockchain could be fake, and it has some strangeness: switch from 1 sec blocks to 2 minute blocks somewhere between block 1001 and 10000. Timestamp for block 4 anomaly.

I also checked the way back machine and verified the bytecoin.org page was online by 24th Feb 2014. URL existed earlier but for an apparently unrelated project. The page looks so cheesy it could almost be real. Whatever the status of the blockchain, it is clear this coin was mined (or fake mined) for nearly 2 years worth of coins in secret by one or a group of individuals who have never been revealed. Call it a premine or not it has the same outcome.

The symbiosis between cryptonote and bytecoin also draws my attention. Cryptonote calls bytecoin their reference implementation. Bytecoin code has crytponote copyright and licence at core, but there is no other public repository for the cryptonote code that I could find. My intuition tells me they are not the same person or persons since they seem to have different objectives by the artifacts they have published.

[sorryforthat]

The symbiosis between cryptonote and bytecoin also draws my attention. Cryptonote calls bytecoin their reference implementation. Bytecoin code has crytponote copyright and licence at core, but there is no other public repository for the cryptonote code that I could find. My intuition tells me they are not the same person or persons since they seem to have different objectives by the artifacts they have published.

Yes, this has been mentioned before by Bytecoin devs and Cryptonote

"CryptoNote team was not interested in building a currency. That is when Bytecoin developers took the lead. They are the team of top notch p2p and cryptocurrency developers, which have been contributing to the sphere for quite some time. They finalized our cryptographic and currency prototypes and coded a beautiful solution to represent CryptoNote"

[smooth]

The blockchain could be fake, and it has some strangeness: switch from 1 sec blocks to 2 minute blocks somewhere between block 1001 and 10000.

That's certainly interesting. With one second blocks you would expect 1000 blocks in about 15 minutes. Yet the timestamp on block 1000 shows it being minded about a day later than block 1.

[c18machine]

Counter Strike Go 205k BCN

https://i.imgur.com/6Gm8qtW.jpg

Assassin's Creed IV Black Flag 395k BCN

https://i.imgur.com/0EHtdMx.jpg

PACK: 205k BCN
Grand Theft Auto III
Grand Theft Auto: San Andreas
Grand Theft Auto: Vice City
Grand Theft Auto IV
Grand Theft Auto: Episodes from Liberty City

https://i.imgur.com/bbJeLjC.jpg



Making your life easy.

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BRAND NEW ACCOUNTS WITH DESIRED USERNAME.
Any other steam game contact me.

[smooth]

I suggest you read the Cryptonote interview which details BCN.

The interview sounds like a load of shit.

"Bytecoin was not the very first realization of CryptoNote, as there was a so-called “BetaNote”, which was used for a couple of months before the launch of Bytecoin to test whether the currency works as designed. This test coin was presented to a large number of influential people in educational, scientific, and gaming industries, who eventually became the first miners of Bytecoin. I believe this “circle of a few” affected the way the currency developed during the next year and why the information was slow to spread. It is not in the nature or business of these participants to post on the Web, so all the mining teams grew in number through word-of-mouth only."

Is it a large number or is it a circle of a few? They need to make up their mind. The problem you have is that circle of a few makes it a clear premine and a large number makes it not credible that no one with a respected reputation can come forward and vouch for having heard of it.

I can't speak for "gaming" but claiming that it isn't in the nature of people in the "educational" and "scientific" industries to post on the web is laughable. Those industries created the web and people in those industries have been prolific posters on the web since day one. And besides posting on the web, how about talking to other well known people who could vouch for it? People in scientific and educational industries are in the business of sharing information. They are not (all) hermits who never talk to each other. Again, all that is needed is for some well-respected academic or scientist to come forward and vouch for having heard about it in 2011. Where are they?

The more of this nonsense gets dredged up the shadier this whole thing looks.

[wallace512]

I could not send out my BCN, when I made a transaction, simplewallet show it was successfully sent, but the transcation ID could not be found on the block explorer.

anyone help?

[darkota]

Bytecoin has a 82% premine by a few people, check the Bytecoin Blockchain for proof of the premine that was in the making for 2 years since it was secretly released on 2012 on the deepweb...

[33zer0w0lf]

Bytecoin has a 82% premine by a few people, check the Bytecoin Blockchain for proof of the premine that was in the making for 2 years since it was secretly released on 2012 on the deepweb...

how many times are you going to repeat the same bs?  Its not a premine because you weren't aware of it!  What don't you understand about that?  It wasn't announced here on bitcointalk.org, but that doesn't mean it was released in secret. 

[smooth]

Bytecoin has a 82% premine by a few people, check the Bytecoin Blockchain for proof of the premine that was in the making for 2 years since it was secretly released on 2012 on the deepweb...

how many times are you going to repeat the same bs?  Its not a premine because you weren't aware of it!  What don't you understand about that?  It wasn't announced here on bitcointalk.org, but that doesn't mean it was released in secret. 

If it wasn't secret then present some verifiable third party evidence (as I have done for bitcoin) to demonstrate that it was was available and public. Not available and public = secret.

[darkota]

Bytecoin has a 82% premine by a few people, check the Bytecoin Blockchain for proof of the premine that was in the making for 2 years since it was secretly released on 2012 on the deepweb...

how many times are you going to repeat the same bs?  Its not a premine because you weren't aware of it!  What don't you understand about that?  It wasn't announced here on bitcointalk.org, but that doesn't mean it was released in secret. 

It is a premine because it was released to only a few people at the time. There's no evidence that suggests the contrary actually. Bitcointalk.org is the biggest forum on Earth for crypto currencies, with millions of accounts and hundreds of thousands of users. I think we can all safely say, that releasing a coin with only a few people knowing on the deepweb, and then mining that coin for 2 years before it was released the the public, is a premine.

To be honest, I dislike all coins except Bitcoin. There are a few I have my eye on as contenders to Bitcoin however, but Bytecoin's premine is the death of it.

[33zer0w0lf]

my guess is you keep you eye on darkcoin.

[rajapatr1]

I sent money to poloniex yesterday with new wallet change from old wallet but it more than 12Hour no transaction in block Dev please check Now only me but most people have this problem

Thank you