Post
Topic
Board Announcements (Altcoins)
Re: [BCN] Bytecoin. Secure, private, untraceable since July, 2012
by
smooth
on 03/09/2014, 18:08:10 UTC
Bytecoin in its current form was not created and publicly released in 2012. I was around...it was no where to be found.

Be wary when considering investing in this coin.

The date of Bytecoin launch was confirmed by several sources. For example this one: http://bitcoinbarbie.com/cryptonote-open-source-technology-concept/  is an interview with Catherine Erwin, CryptoNote’s Communications Manager. She tells about how Cryptonote and then Bytecoin were created.
I you're saying you were around... maybe yours and Bytecoin's paths didn't cross somehow?

Immediate Red Flags

The first thing that is a red flag in all of this is that nobody, and I mean no-fucking-body, is a known entity. "Antonio Juarez" is not a known entity, "DStrange" is not a known entity, none of the made up names on the Bytecoin website exist (they've since removed their "team" page, see below), none of the made up names on the CryptoNote website exist (Johannes Meier, Maurice Planck, Max Jameson, Brandon Hawking, Catherine Erwin, Albert Werner, Marec Plíškov). If they're pseudonyms, then say so. If they're real names, then who the fuck are they??? Cryptographers, mathematicians, and computer scientists are well known - they have published papers or at least have commented on articles of interest. Many of them have their own github repos and Twitter feeds, and are a presence in the cryptocurrency community.

The other immediate red flag is that nobody, and I mean no-fucking-body, had heard of Bytecoin. Those that had heard of it thought it was the crummy SHA-256 Bitcoin clone that was a flop in the market. Bytecoin's claim that it had existed "on the deep web" for 2 years was not well received, because not a single vendor, user, miner, drug addict, drug seller, porn broker, fake ID card manufacturer, student who bought a fake ID card to get into bars, libertarian, libertard, cryptographer, Tor developer, Freenet developer, i2p developer, pedophile, or anyone else that is a known person - even just known on the Internet - had ever encountered "Bytecoin" on Tor. Ever. Nobody.