Blowing the lid off the CryptoNote/Bytecoin scam (with the exception of Monero)

[panda9228]

Why the fk is Bytecoin pumping while Monero does nothing? 

[PovertyByte]

Now I know all truth about you, BCN scams. So, MinerGate is the project of the same team, or no ?

MinerGate just earns the typical pool fee thing from miners and BCN gives them mining activity because its the only coin that you can wake up and see 500 of in your wallet rather than 0.00476249

You could say MinerGate is praying off of noobs to get intrigued by BCN due to the name and the quanityt of tokens pumped. For the time being before the market confusion and pumps, Poloniex should have delisted this coin that generated no volume but now its a money maker since noobs are blindly hedging into this

[mmortal03]

Why the fk is Bytecoin pumping while Monero does nothing?  

Monero devs actually develop the software, so you should ask that question of the people buying Bytecoin to get rich quick, and make sure to tell them that there's a flaw in Bytecoin's code, and that they're trusting their money to scammers, not a competent development team:

"Note that, at this time, only Monero, Aeon, Boolberry, and Forknote have updated. We have given the other currencies as much time as possible, but cannot hold back disclosure any longer.
We strongly caution against anyone using, trading, exchanging, or running services involving the following currencies affected by this issue: Bytecoin, DashCoin, DigitalNote"

https://getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html

[GingerAle]

Why the fk is Bytecoin pumping while Monero does nothing? 

because bytecoin is a ninjamined scam held by few people that can move the market at will and apparently decided not to fix the recently exposed flaw in cryptonote so who knows what the hell is going on. Just ignore. Monero is the only coin.

[owlcatz]

Ha - even scamming BCN outlet cointelgraph is pumping it's own scamcoin... 

https://cointelegraph.com/news/untraceable-coins-storming-into-top-10-cryptocurrencies-bytecoin-surge

[mmortal03]

Ha - even scamming BCN outlet cointelgraph is pumping it's own scamcoin... 

https://cointelegraph.com/news/untraceable-coins-storming-into-top-10-cryptocurrencies-bytecoin-surge

Yep, and don't forget this: https://medium.com/@iandemartino/more-on-cointelegraph-by-a-former-writer-b4e1058b37ca

[owlcatz]

Ha - even scamming BCN outlet cointelgraph is pumping it's own scamcoin... 

https://cointelegraph.com/news/untraceable-coins-storming-into-top-10-cryptocurrencies-bytecoin-surge

Yep, and don't forget this: https://medium.com/@iandemartino/more-on-cointelegraph-by-a-former-writer-b4e1058b37ca

Yeah that was exactly what I meant, but lost the link, thank you!

[Golstrim]

If this coin is a scam, then why has its price increased 60 times in the last 2 months? 6 sat - 240 sat

[owlcatz]

If this coin is a scum, then why has its price increased 60 times in the last 2 months? 6 sat - 240 sat

Pretty much all alts have risen lately, have a look at coincap.io over several days , you will see literally billions being pumped into alts and bitcoin right now - japan and china, plus media exposure. Or, it's another btc whale pumping another alt for profit? No idea, it defies real logic IMO.

[Golstrim]

If this coin is a scum, then why has its price increased 60 times in the last 2 months? 6 sat - 240 sat

Pretty much all alts have risen lately, have a look at coincap.io over several days , you will see literally billions being pumped into alts and bitcoin right now - japan and china, plus media exposure. Or, it's another btc whale pumping another alt for profit? No idea, it defies real logic IMO.

That is, new buyers do not learn the history of the coin they are buying at all? Are they all sheep?

[European Central Bank]

That is, new buyers do not learn the history of the coin they are buying at all? Are they all sheep?

yes. no one cares. coins on poloniex have pumped that didn't even have blockchains that worked.

[Golstrim]

That is, new buyers do not learn the history of the coin they are buying at all? Are they all sheep?

yes. no one cares. coins on poloniex have pumped that didn't even have blockchains that worked.

What kind of coins are these?

[European Central Bank]

That is, new buyers do not learn the history of the coin they are buying at all? Are they all sheep?

yes. no one cares. coins on poloniex have pumped that didn't even have blockchains that worked.

What kind of coins are these?

it was fibrecoin. it had a huge pump and then it was delisted a couple of weeks later.

cryptsy used to host a bunch of coins that didn't exist any more other than on their database.

[mmortal03]

If this coin is a scum, then why has its price increased 60 times in the last 2 months? 6 sat - 240 sat

Pretty much all alts have risen lately, have a look at coincap.io over several days , you will see literally billions being pumped into alts and bitcoin right now - japan and china, plus media exposure. Or, it's another btc whale pumping another alt for profit? No idea, it defies real logic IMO.

That is, new buyers do not learn the history of the coin they are buying at all? Are they all sheep?

Ever hear of the dotcom bubble? People do irrational things when they think they can get rich quick. People actually believe in day trading assets based solely on drawing lines on charts, and based on no fundamental knowledge of the underlying assets.

[dinofelis]

yes. no one cares. coins on poloniex have pumped that didn't even have blockchains that worked.

This.

Crypto, including bitcoin, has finally matured in what it was designed to be: purely speculative assets, backed by essentially nothing.  What happens "on the chain" or "with the chain" or whatever is now totally decoupled from the market, which is a market of clearing house (exchange) tokens, not of block chain tokens.  Any "development", "block chain usage", "merchant adoption" or whatever is now irrelevant to the token gambling market.

No wonder, because speculation is what was the design of most of crypto, bitcoin for starters: the "scarcity" and the "price will rise" and the "early adopters rich" game that was placed there with the special emission curves, is now generalized in the market.  If it becomes an efficient market, it will be entirely unpredictable.  Any token can rise or fall just as well as any other token, no matter what "tech" is behind it.

This is "complex derivatives" version 2.

[dinofelis]

Ever hear of the dotcom bubble? People do irrational things when they think they can get rich quick. People actually believe in day trading assets based solely on drawing lines on charts, and based on no fundamental knowledge of the underlying assets.

Amen.
The whole of crypto, bitcoin included, was designed this way.

[al7878]

all ragging LOL
so funny 

[al7878]

see this

https://bytecoin.org/blog/untraceable-tokens/

[mmortal03]

Ever hear of the dotcom bubble? People do irrational things when they think they can get rich quick. People actually believe in day trading assets based solely on drawing lines on charts, and based on no fundamental knowledge of the underlying assets.

Amen.
The whole of crypto, bitcoin included, was designed this way.

Well, bitcoin wasn't designed with the mindset of keeping your private keys on Poloniex and trading for shitcoins.

[European Central Bank]

I think satoshi was considerably more noble than the maggots who took his invention and twisted it.

It's always real people who mess things up.