How come so many experts are warning this coin is a scam?
Is it true this bytecoin bcn is trying to confuse people with the real bytecoin bte?
Is it true this bytecoin bcn is premined?
How come this coin's original promoters a few months ago used names similar to those used by the other bytecoin?
Were they trying to confuse people into thinking this bytecoin was around a long time, when in fact it is new?
I don't know if I should be wary of this coin since so many people are warning it looks like a scam.
I don't know about the real bytecoin (BTE), but this Bytecoin (BCN) has a premine of 82% by a small group of people.
It was secretly released in 2012 to a small group of people and has been mined by them for around 2 years until it was officially released to the public this March of 2014. Those people, mined 82% of all Bytecoins, or over 150billion Bytecoins total. The max coin supply for Bytecoin is 180billion, so they own over 82% of all Bytecoins there is. The Bytecoin Blockchain shows everything.
I would call this a very severe premine.
Also, mining Bytecoin is Unprofitable. The other cryptonote coins are 10x more profitable to mine than this coin, since BCN has nonexistent buy support..
Once again another absolute false statement. this one is almost humorous. lol