Post
Topic
Board Announcements (Altcoins)
Re: [BCN] Bytecoin (CPU-mining, true anonymity)
by
smooth
on 27/06/2014, 23:20:40 UTC
Only one person really said the blockchain was bogus and that was smooth and this was just some words. Smooth is a Monero dev mind you and for a while would come here spreading much FUD

1. I never said that it was bogus, I said that the dates it in could have been faked and the chain could have been mined in a much shorter period of time given that less than 10 computers would be required to mine it in two years. Simple math shows that if 10 computers could mine it in two years than 120 computers could mine it in two months, or 1000 computers (say on EC2 or in a lab) could mine it in a few days. I also said that there is no verifiable evidence of anything related to this coin existing prior to late 2013 or early 2014. There was certainly no public launch two years ago. If you don't want to call that a premine, call it something else, like a private mine.

2. I think you will find that my skepticism of the story behind this coin and the blatant campaign of sock puppet accounts (some stupidluy created within minutes of each other) promoting it predates the existence of Monero. It was my comments that in fact helped encourage others in the community to start Monero as a clean public launch (I joined later).

3. Comparisons with bitcoin because you personally may not have known about it are totally off base. Bitcoin was publicly launched and I have provided links that verifiably prove that bitcoin existed and was public when it claims to be.  No such proof has been offered for BCN (almost certainly because it doesn't exist).

4. There is at least one other person who has said the chain may be bogus (in fact I think he said it more strongly than I did). It was someone on the coinmarketcap thread. I have no connection with that person or account and I don't know who it is. Whoever it is came to his own conclusions that matched (or even go beyond) mine.