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

[fluffypony]

So thus you confirm Monero is scam.

It was just sold to public as honest launch. I also trusted them at first. Before very strange and useless features and lots of noise in dozens of topics.
But in fact all of that was a lie, they do not even respect the creator. No credit for TFT in any interview.

Do whatever, but you Must respect the one that gave you the opportunity. Aren't you agree?

Whom they want to trick? People don't like when they are treated poorly or stupid.
But this is current devs choice. And we should respect their way of thinking and PR. We can choose another coin, but respect everyone.

Oh look, another sockpuppet.

It was an honest launch. I'm not going to do your homework again, but if you look at http://monerochain.info/charts/hashrate for the first 10 days it went from 936h/s to 8698h/s. At that initial stage (I've said this before) mining on one of my dedicated servers ran at around 11h/s, and an Amazon EC2 c3.8xlarge slice ran at just under 50h/s. That means that for the first 10 days you could own the network with 19 - 174 EC2 instances, certainly not infeasible or dodgy or scammy.

Also, TFT is not the "creator" by any measure of the term. The original CryptoNote developers (that wrote the original whitepaper and the initial reference implementation) can and do get our respect. However, when people are talking to us they want to know what *we* are doing, not what *was* done. The further we deviate from the reference code the more relevant our *current* work is.

You're welcome to go elsewhere if you don't like our "very strange and useless features".

[smooth]

So thus you confirm Monero is scam.

fyp

[Joshuar]

Rofl.

So very true.

[Spoetnik]

of course the exception is MONERO 

[Spoetnik]

So thus you confirm Monero is scam.

It was just sold to public as honest launch. I also trusted them at first. Before very strange and useless features and lots of noise in dozens of topics.
But in fact all of that was a lie, they do not even respect the creator. No credit for TFT in any interview.

Do whatever, but you Must respect the one that gave you the opportunity. Aren't you agree?

Whom they want to trick? People don't like when they are treated poorly or stupid.
But this is current devs choice. And we should respect their way of thinking and PR. We can choose another coin, but respect everyone.

Any coin where the creator knew that he was providing a suboptimal miner and kept a better miner to himself without disclosing this to the community

He is obviously talking about both Bytecoin and Monero.

Thankfully the Monero team (not to be confused with the original dev that launched Bitmonero) were on the ball and released optimised miners as soon as they were able to. This was all done while the total number of coins emitted was still pretty low, so the overall impact of that early period of scammyness was minimised.

BitmoneroX with market ?

proof here shills..

[mmortal03]

Andreas Antonopoulos just covered this thread on the latest show of Let's Talk Bitcoin: https://www.youtube.com/watch?v=0qEi5fQcVak

[tifozi]

Andreas Antonopoulos just covered this thread on the latest show of Let's Talk Bitcoin: https://www.youtube.com/watch?v=0qEi5fQcVak

Very poorly reported. He called Ring Signatures as RingJoin, dismissed or appeared to be dismissive all of the CryptoNote coins including Monero based on tidbits from this thread and other threads in this subsection. Pretty much the only thing he talked about positively was how the technology was sound and received blessings from Greg Maxwell. The other host got it right that "Could this all be an attempt to dismiss CryptoNote altogether?" and Andreas should have known that we can see that is what he was trying to do.

Edit: Starts around 21:00 min mark.

[jabo38]

Heard about this story on the podcast. Not much to add but a tip of my hat to the OP.

[mmortal03]

Andreas Antonopoulos just covered this thread on the latest show of Let's Talk Bitcoin: https://www.youtube.com/watch?v=0qEi5fQcVak

Very poorly reported. He called Ring Signatures as RingJoin,

Yeah, I noticed that, as well.

dismissed or appeared to be dismissive all of the CryptoNote coins including Monero based on tidbits from this thread and other threads in this subsection. Pretty much the only thing he talked about positively was how the technology was sound and received blessings from Greg Maxwell. The other host got it right that "Could this all be an attempt to dismiss CryptoNote altogether?" and Andreas should have known that we can see that is what he was trying to do.

Edit: Starts around 21:00 min mark.

I thought it could be interpreted that way, but he also didn't definitively mention Monero in a negative light -- he seemed to just not be able to tell if the sock puppet counter thread to this one was actually legit or not. I could've told him that it wasn't, but there's only so much research that they seemed willing to do, given the time constraints. They asked to comment on all of this at letstalkbitcoin.com if you had an opinion, so you should definitely mention it over there in the comment section:  http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-144-news-talk

[smooth]

Andreas Antonopoulos just covered this thread on the latest show of Let's Talk Bitcoin: https://www.youtube.com/watch?v=0qEi5fQcVak

Very poorly reported. He called Ring Signatures as RingJoin, dismissed or appeared to be dismissive all of the CryptoNote coins including Monero based on tidbits from this thread and other threads in this subsection. Pretty much the only thing he talked about positively was how the technology was sound and received blessings from Greg Maxwell. The other host got it right that "Could this all be an attempt to dismiss CryptoNote altogether?" and Andreas should have known that we can see that is what he was trying to do.

Edit: Starts around 21:00 min mark.

I disagree. For an outside observer with more on his plate than studying CryptoNote all day long I think he did a good job sorting through most of the bullshit. He didn't get everything right, of course, but he got a lot right, and the presentation was fair. We know that Monero isn't a scam but objectively looking at the FUD flying back and forth, it is difficult from someone is his position to really be sure.

Who cares if he calls it RingJoin. I have no idea where he got that name from but its actually not a terrible name for mixing coins using ring signatures.

[fluffypony]

Who cares if he calls it RingJoin. I have no idea where he got that name from but its actually not a terrible name for mixing coins using ring signatures.

RingToCryptoCoinNoteJoinSendChandra++

[railzand]

RingPiece technology cannot be penetrated, even by packet-sniffers?

[cAPSLOCK]

RingPiece technology cannot be penetrated, even by packet-sniffers?

It's "RingaDing technology" actually.

[Skinnkavaj]

Worthy bump after recent BCX drama and FUD.

[Hotmetal]

Worthy bump after recent BCX drama and FUD.

Expect a larger bump shortly.

[smooth]

Worthy bump after recent BCX drama and FUD.

Oh thank you for the reminder.

One of the alleged "refutations" of the findings was posted by an account that I have now identified as another very likely sock puppet from the Hexah/Cheesus clan.

https://bitcointalk.org/index.php?topic=512747.msg8937941#msg8937941

[beitris.dwlul]

The CryptoNote team has claimed that the name 'CryptoNote' was something they had been using for previous projects.

[jaybny]

Im about to start a CryptoNote clone, Breakoutcoin, just for the ring-signature feature. The only thing that concerns me from this thread is the speculation that there may be backdoors in the core code.

Has there been a real code review either by Monero or others?

From when I first discovered CryptoNote, I couldn't figure out why it wasn't taken more seriously? Why the need for darkcoin and all, when CN does it all in the blockchain?

[jaybny]

Im about to start a CryptoNote clone, Breakoutcoin, just for the ring-signature feature. The only thing that concerns me from this thread is the speculation that there may be backdoors in the core code.

Has there been a real code review either by Monero or others?

From when I first discovered CryptoNote, I couldn't figure out why it wasn't taken more seriously? Why the need for darkcoin and all, when CN does it all in the blockchain?

Yeah, exactly, btw no backdoors found so far, you can read technical details here: https://lab.monero.cc/

Thanks. also, do you know if CN uses the same elliptical curves as bitcoin for private/public keys that make up addresses?  

edit

[nutildah]

Yeah, exactly, btw no backdoors found so far, you can read technical details here: https://lab.monero.cc/

Whats this refering to?

https://botbot.me/freenode/bitcoin-wizards/2014-09-30/?msg=22605681&page=4