Quote from: iCEBREAKER on August 05, 2015, 11:54:30 PM

Quote from: dEBRUYNE on August 05, 2015, 11:46:53 PM

Quote from: WastedLTC on August 05, 2015, 09:52:03 PM

Quote from: Mangled Blue on August 05, 2015, 06:32:31 PM

Quote from: bluebit25 on August 05, 2015, 06:25:15 PM

Bytecoin seems to be making a move, might overtake Dash? Is it a competitor to Dash?

Not sure if it's a direct competitor - I'm thinking no but I could be wrong

and

It's still $5,000,000 away from us - probably won't even touch our $20 Million level :-P

Easy to move when there are 175,181,619,463 BCN and the volume is $50k. This has nothing to do with the tech stats of the coin, just saying that there is little volume and huge amounts of coins out there... It can go up 200% or drop 95% in a blink of an eye.

Good luck to all those supporting that coin, as we all just want to back the one we feel comfortable with...

Bytecoin has a significant pre-mine (82%), so it's fairly easy to raise the price because the "insiders" control almost all of the coinsupply. This has nothing to do with the total amount of coins but rather with the percentage owned. Furthermore, dogecoin also has around 100 billion coins and their price is surely not as easy to pump as Bytecoin's. On top of that, 75% of Bytecoin's volume is done on HitBtc which is kind of a sketchy exchange (see -> https://www.reddit.com/r/BitcoinMarkets/comments/2m6rp7/hitbtc_about_to_go_mt_gox/).

More info about the Bytecoin scam: https://bitcointalk.org/index.php?topic=740112

Why is Bytecoin's 82% pre-mine any more significant than Dash's 50% pre-mine?

Since it's too late for a proper re-launch, I suggest both coins' devs burn their pre-mine, or accept their coins being forever considered risky/scammy.

82% is way more than 50% and in addition the 82% of Bytecoin hurts its anonymity:

DASH its intamine/premine, whatever you like to call it, isn't pretty either but atleast it doesn't hurt their anonymity.

Regarding Bytecoin see quote below:

Quote from: eduffield on August 02, 2015, 06:33:17 PM

Quote from: fluffypony on August 02, 2015, 04:19:01 PM

Doesn't count as anonymous because 80%+ of the utxoset is owned by entities who mined them before it became public and global, which means that those entities can deanonymise pretty much all future transactions.

Marketcap is irrelevant as it's easily inflated (doubly so when all you have to do is slightly bump the price due to the massive amount that's already emitted).

That's a valid point, because when you mix you'll randomly mix with them 82% of the time.

We can actually work out the probability of transactions being 100% transparent to this hidden party.

Mixin of 1 would be transparent 82.2% of the time.
Mixin of 2 would be transparent 67.2% of the time.
Mixin of 3 would be transparent 55.1% of the time.
Mixin of 4 would be transparent 45.2% of the time.
Mixin of 5 would be transparent 37.0% of the time.
Mixin of 6 would be transparent 30.4% of the time.
Mixin of 7 would be transparent 24.9% of the time.

The more you mix with, the more transactions cost and the more storage it requires.