Post
Topic
Board Altcoin Discussion
Re: Blowing the lid off the CryptoNote/Bytecoin scam (with the exception of Monero)
by
CoolGecko
on 03/12/2014, 13:50:43 UTC
I've read the responses to my posts and don't see anything that I think would be provable against the Bytecoin developers. If they don't want to reveal their identity that is up to them; it's not a character fault. Remember that even Satoshi Yamamoto hasn't revealed his identity. For a few months I was working on Asiacoin as a developer. One time I revealed my identity to another developer and was advised against that, by the same developer. I'm not sure of the reason why, but think that people might be afraid of being sued by people that mine or buy the coin and lose money, even if it's not the developers fault. Frivolous lawsuits are common in the US. Often the victim will settle out of court to avoid the high court costs, even if innocent.  

Another thing that bothers me about this discussion is the fact that people are glad to accept and use all the work that the Bytecoin developers put into Cryptonote currencies and at the same time are saying that the Bytecoin developers are immoral. Maybe it's just me, but that doesn't seem right. If you really believe that you have a moral high-ground over the Bytecoin developers you should develop your own cryptocurrency. That probably wouldn't be possible for most coins because there is a big difference between developing a cryptocoin from scratch and just maintaining one that was already developed and making minor improvements to it. Most developers wouldn't be up to the task.