Post
Topic
Board Announcements (Altcoins)
Re: [BCN] Bytecoin. Secure, private, untraceable since 2012
by
jwinterm
on 26/07/2015, 14:05:59 UTC
...

Scams are not usually associated with true innovation. Bytecoin is a groundbreaking anonymous crypto-currency and the first of its kind. Radically different to Bitcoin, Bytecoin is arguably the most significant crypto-currency advancement since Bitcoin itself. I wanna see what anon tech they develop next for the betterment of man. You dont have to invest in bytecoin to reap its rewards.


This is probably true, but in their case, they could launch the scam, and then launch several other cryptos based on the same source code (bitmonero, quazarcoin, phantomcoin?, ducknote, monetaverde, aeon, etc.) and kind of hedge their bets. If it was truly to prevent this type of attack described in the paper linked above, why wouldn't they just send the 80% premine to a burn address and release the viewkey?