Re: Blowing the lid off the CryptoNote/Bytecoin scam (with the exception of Monero)
This is why I don't own XMR or any CN coin. The Monero trolls are everywhere, every coin thread Cryptonote or not, and why the fuck would I want to buy a coin when current coin owners are so desperate they feel the need to troll so dam much. Even smooth trolling the Bytecoin thread so fucking hard and he's part of the Monero team
If you are referring to one post I made recently which was obviously intended as a joke, I plead guilty of having a sense of humor.
If you are referring to the posts I made there months ago when less was known about the scam, I was giving my opinion at the time on what was still an unclear but shady-looking sitatution (some of those comments were before I was involved with Monero and in fact led to my participation with Monero). In hindsight pretty much everything I said turned out to be correct. If it hadn't I'd be the first to post a correction or retraction, as I have done on other occasions (once recently with respect to BBR for example).
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Please explain Bytecoin to our readers.
weve mentioned before, CryptoNote team was not interested in building a currency. That is when Bytecoin developers took the lead. They are the team of top notch p2p and cryptocurrency developers, which have been contributing to the sphere for quite some time. They finalized our cryptographic and currency prototypes and coded a beautiful solution to represent CryptoNote.
By the way, Bytecoin was not the very first realization of CryptoNote, as there was a so-called BetaNote, which was used for a couple of months before the launch of Bytecoin to test whether the currency works as designed. This test coin was presented to a large number of influential people in educational, scientific, and gaming industries, who eventually became the first miners of Bytecoin. I believe this circle of a few affected the way the currency developed during the next year and why the information was slow to spread. It is not in the nature or business of these participants to post on the Web, so all the mining teams grew in number through word-of-mouth only.
Anyway, when the coin was launched, CryptoNote team gradually departed from Bytecoin team to finalize the white paper (which eventually became available in December 2012) and returned back to other projects. After nearly a year, the team gathered back to review the white paper, catch up with Bytecoin news and decide on our strategy.
It turned out that even though Bytecoin had grown and was indeed working as a currency (accepted at certain deep and dark web projects, circulating as a main local currency in one very large international research center, traded on small OTC exchanges), it lacked mass adoption. Ironically, the coin was simply under conventional business radars, while Bytecoin devs were wholly obsessed by the technology they were working on and didnt pay much attention to spreading the word about it. That is when CryptoNote team decided to let the world know about the technology and promote new CryptoNote currencies, while ensuring that Bytecoin team (main contributing developers for CryptoNote) is still devoted to technology development.
http://bitcoinbarbie.com/cryptonote-open-source-technology-concept/weve mentioned before, CryptoNote team was not interested in building a currency. That is when Bytecoin developers took the lead. They are the team of top notch p2p and cryptocurrency developers, which have been contributing to the sphere for quite some time. They finalized our cryptographic and currency prototypes and coded a beautiful solution to represent CryptoNote.
By the way, Bytecoin was not the very first realization of CryptoNote, as there was a so-called BetaNote, which was used for a couple of months before the launch of Bytecoin to test whether the currency works as designed. This test coin was presented to a large number of influential people in educational, scientific, and gaming industries, who eventually became the first miners of Bytecoin. I believe this circle of a few affected the way the currency developed during the next year and why the information was slow to spread. It is not in the nature or business of these participants to post on the Web, so all the mining teams grew in number through word-of-mouth only.
Anyway, when the coin was launched, CryptoNote team gradually departed from Bytecoin team to finalize the white paper (which eventually became available in December 2012) and returned back to other projects. After nearly a year, the team gathered back to review the white paper, catch up with Bytecoin news and decide on our strategy.
It turned out that even though Bytecoin had grown and was indeed working as a currency (accepted at certain deep and dark web projects, circulating as a main local currency in one very large international research center, traded on small OTC exchanges), it lacked mass adoption. Ironically, the coin was simply under conventional business radars, while Bytecoin devs were wholly obsessed by the technology they were working on and didnt pay much attention to spreading the word about it. That is when CryptoNote team decided to let the world know about the technology and promote new CryptoNote currencies, while ensuring that Bytecoin team (main contributing developers for CryptoNote) is still devoted to technology development.
That entire response from Cryptonote in that arcticle is incoherent. First Crytonote was behind the technology and Bytecoin devs are the currency people, then by end of answer it's Cryptonote which is going to promote the currencies and Bytecoin the "main contributing developers for Crytonote"
And these Bytecoin devs are a "team of top notch p2p and cryptocurrency developers, which have been contributing to the sphere for quite some time" but didn't think a post on bitcointalk would help with the coins adoption
And same with Crytonote, if they decided they wanted to "let the world know about the technology and promote new CryptoNote currencies" wouldn't a good place to start be an annoucment of some sort to the Bitcoin community? As far as I know the first mention here on the forums was an "accidental" discovery and nobody else involved with Bitcoin knew about it before that..
Thanks to whoever posted the link to that article because that is more convincing than anything else to me that BCN was all a lame attempt to dump an 80% premine. Hard to imagine it's Crytonotes sole intention for developing the protocol. And the other clones being called CN's scorched earth policy sounds more like Monero shills trying to protect their turf. It would also be nice to see Monero shills show some humility since they are (most likely) going to win the cryptonote coin space and profit nicely off of the work done by whomever the fuck developed the protocol. Not saying the Bytecoin guys aren't sucmbags, just saying them being scum doesn't make Monero devs walk on water..
For anyone willing to spend the time an unbiased cliff notes version of Cryptonote and the CN coins would probably help adoption of Monero and legit CN coins. All the controversy just chases people away. With all the pump and dump shills and underwater bagholders trolling these forums it's hard to believe someone with a hidden agenda claiming another coin is scam and their coin is gods gift to the world.