Post
Topic
Board Altcoin Discussion
Re: Blowing the lid off the CryptoNote/Bytecoin scam (with the exception of Monero)
by
AlexGR
on 19/08/2014, 01:08:11 UTC
And, as we saw, this has fucking infuriated the Bytecoin/CryptoNote developers. They're so angry they waste hours and hours with their Reddit accounts trawling the Monero sub-reddit, for what? Nobody has fallen for their scam, and after my revelation today nobody fucking will. Transparency wins, everything else is bullshit.

As pointed out by canonsburg, when the Bytecoin/CryptoNote people realised they'd lost the fucking game, they took a "scorched earth" approach. If they couldn't have the leading CryptoNote coin...they'd fucking destroy the rest by creating a shit-storm of CryptoNote coins. Not only did they setup a thread with "A complete forking guide to create your own CryptoNote currency", but they even have a dedicated website with a fuckton of JavaScript. Unfortunately this plan hasn't worked for them, because they forgot that nobody gives a fuck, and everyone is going to carry on forking Bitcoin-based coins because of the massive infrastructure and code etc. that works with Bitcoin-based coins.

My question is this: If they managed to pull off creating a brand new currency from scratch, why would they run out of options just like that and have Monero run away and take everything? They surely have the talent to create something like a V2 of Cryptonote that is not backwards compatible (so that Monero can't upgrade) and that will improve stuff that are not in the V1 spec. They've showed some samples that they know what they are doing when they pushed some improvements in BCN.

Another option would be to implement POS + CN + easy GUI. A POS coin would be problematic in many regards but buyers have embraced them / they seem to like them as they do not have the constant pressure from inflation, despite their issues. This would be innovative in terms of CN coins "first POS CN / no inflation issues".

And there are probably other stuff they can do that I haven't thought of. Surely if they are so good, Monero running away from their group of cloned currencies would not be such an issue (?). Why scorch everything when they can simply outdo the existing coins in some way?