Quote from: smooth on September 02, 2017, 09:18:18 PM

Quote from: Xuper on September 02, 2017, 11:26:23 AM

From https://www.reddit.com/r/Monero/comments/26we1g/why_monero_and_not_bytecoin/

fluffyponyza said :

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The blockchain was not publicly observable or observed for those 2 years. We have no reason to believe it is true, and even if it was true it still means that ~151 billion of the 184 billion BCN (82%) were mined prior to its public release. Think about that pragmatically. Would you want to use a currency where unknown actors controlled over 80% of it? This alone takes Bytecoin from being decentralised to being centralised by virtue of those controlling the flow of the currency.

Is it True ? If it's True then Holy Mother of God..........

Yes that post is absolutely true.

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So serious Why does someone need badly this 82%?

Greed and stupidity (with a healthy dose of deep-seated and pervasive dishonesty making it all possible, and making anything else they say unworthy of being believed).

Which ostensibly makes Bytecoin an obfuscated "ICO-issued" illegal investment security.