Re: Blowing the lid off the CryptoNote/Bytecoin scam (with the exception of Monero)
I need clarification on this: https://bitcointalk.org/index.php?topic=600658.msg8423637#msg8423637
QCN just released a GUI wallet, albeit an alpha version. Why is the dev stringing along a coin for so long if he's a bad guy? Why continue to put effort into a coin that has about 1BTC of total buy orders on bittrex and poloniex combined and has been struggling with "post exchange listing syndrome"? Surely there has to be easier and faster ways to scam people that don't involve so much damn work day after day.
If I was the QCN dev and I wanted to scam people, I'd keep cloning cryptonote coins, instamining them, dumping them on exchanges for inflated value, then leave the coin again. I wouldn't waste all my time with this "development" shit months after my coin gets listed. I mean, I could clone coins AND still dev QCN, but why do the extra work? That's part of what scams are right? Getting cash monies for the least amount of work as possible?
QCN just released a GUI wallet, albeit an alpha version. Why is the dev stringing along a coin for so long if he's a bad guy? Why continue to put effort into a coin that has about 1BTC of total buy orders on bittrex and poloniex combined and has been struggling with "post exchange listing syndrome"? Surely there has to be easier and faster ways to scam people that don't involve so much damn work day after day.
If I was the QCN dev and I wanted to scam people, I'd keep cloning cryptonote coins, instamining them, dumping them on exchanges for inflated value, then leave the coin again. I wouldn't waste all my time with this "development" shit months after my coin gets listed. I mean, I could clone coins AND still dev QCN, but why do the extra work? That's part of what scams are right? Getting cash monies for the least amount of work as possible?
It was even called MONERO then he renamed it to quzar later,just to annoy us.
Nothing that they do makes sense, but as you may notice its hard for new cn coins to get on an exchange, prolly thats why.
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.
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?
Cryptography != coding.
There's a lot of weird coding in the CN sources.
Instead of a proper Database BCN did an ugly Ramhack for the Blockchain. A good GUI is _a lot_ of work; thats something a UI Designer has todo.
For example the bitcoin qt gui i wouldnt really consider good for an enduser, but there are alternatives with Electrum, Hive and co.
You are absolutely wrong on POS and no inflation, of course POS has the same inflation, why else should people stake and secure the network
