Are people going to wake up.
The source code is based on bytecoin core code.
Crytpnight algo, instamine with celeron CPU....
Connect the dots.
Connecting those dots, then what next? Personally, I dont think this one is a scam project. Do you have different idea about that one?
There are exact clones of this project called cryptonote/cryptonight. few hundred. Do I need to list the 'coins', or can you research it?
I think one of them was genuine because it did add many changes. XMR? Could mine it with CPU when 1 coin was 1$...
uses the same daemon wallet, same UI. the websites look the same.
The pool is open source, so is everything else.
Just change the graphics and you have a 'how to make a coin'.
Few really good coins were launched with CPU only miner that came with the wallet. If you got lucky or knew a friend, you could mine hundreds of coins in 24 hours with a fast CPU.
14 blocks = 1400 coins with CPU in 1-2 hours. Now you need 5000$ worth of GPUs to mine around 100 coins/month.
https://bitcointalk.org/index.php?topic=1583719.msg15913934#msg15913934That what open source is. Monero too is a bytecoin.
It all depends on how and where the community and the development team leads things to.
Easier option to clone is scrypt, cryptonight require comparatively larger effort.