Topic: 10 months on... About the Bytecoin (BCN) ninjamine - page 2. (Read 3741 times)

I am really starting to like Monero. Monero seemly can walk the walk. I see nothing but hater posts from the Bytecoin camp.

Dare I say Monero has a future?

 

That was quite a post. 

Also, isn't it true that if Bytecoin was actually mined since 2012, that only about 10 computers were mining it?

If you're not too familiar with it, then our year-end report is a good start.


An excellent question. Let's take a look at our respective github summaries:





Our first blockchainDB LMDB implementation is in testing, and that cements the picture:



I think it's safe to say that most of the development is being done by Monero, Bytecoin hasn't had a commit since September 15. If anything, Bytecoin would have to merge our work to their code, but practically speaking our codebases have diverged way too much.


You've read our research bulletin, MRL-0003, "Monero is Not That Mysterious", right? Not only do we go into detail explaining the Monero cryptography in layman's terms, but we also released a reimplementation in Python: http://github.com/monero-project/mininero

Whilst you're at it, why don't you check out MyMonero, the Monero web wallet. It reimplements a lot of functionality in Javascript, which also points to our very deep understanding of the CryptoNote code.


This is an excellent question. So let me ask you this: since the Bitcoin core devs didn't actually write the original Bitcoin code, do you think the their task of maintaining Bitcoin is beyond their technical capabilities? Not only have they "maintained" it since Satoshi's departure, but they have improved on it.

The question remains: are the Monero devs similarly capable? Well, if you checkout git commit 1a8f5ce (the initial Monero fork) and you do a cloc (count lines of code) of the src folder (so excluding external libraries or copy-paste code), you get a total of 20 305 lines of code. Step up to the current commit, and that folder jumps to 32 322 lines of code written by the Monero core team and contributors. With our blockchainDB implementation that count jumps even further to 35 829. That means that the we've written 15 524 lines of code beyond the initial 20 305, and that completely ignores changes to existing lines of code (of which there have been many), as well as comments (of which there have been many), as well as external projects. We've done way, way more work than the initial project.


It's a little insulting to call all 23 contributors to Monero (that's besides amjuarez, Bytecoin's sole developer) "inexperienced". Most notable among that esteemed group are Ben Boeckel, a Fedora and KDE contributor as well as a CMake core developer, and Dave Andersen, an associate professor at Carnegie Mellon University. Many of the other contributors, myself included, have many, many years of experience. You'd do well to choose your words more carefully next time.

This is possible. Many of the bitcoins that were mined during its early days are now lost forever.


Strange to see that HitBTC has 99% of the volume while Poloniex has so little. Didn't realize their numbers were inaccurate.

I understand that the Bytecoin and CryptoNote teams had a very close relationship with the other until there was a split. Supposedly the BCN team wanted to focus on implementing the technology via Bytecoin while the CryptoNote team just wanted to focus on the core technology itself. The fact that the early adopters of BCN have profited so little suggests that this is something other than your typical scam. After all, who would go through all the trouble of helping to develop and implement an entirely new and truly innovative protocol just for a couple of hundred USD? Very odd.


Most threads on 4chan don't make it to the archives. If the thread was posted on /g/ then it would stay up for a week or so and then disappear forever.


I've read the CryptoNote whitepaper and it seems likely that the devs had some academic background. Or perhaps they were one of the cypherpunks that were involved in the early days of Bitcoin. If they were academics, then it's also possible that they weren't too concerned about profit and just kept their miners running while testing the code. Then perhaps word got out and a few people in the deep web found out but it failed to form a substantial community.

I'm not too familiar with Monero development these days. Is most of the development done by the CryptoNote/Bytecoin devs with the Monero team merging these changes into the code as required (such as in the case with Linux Mint being based on the latest Ubuntu release) or have the codebases completely diverged? And to what extent do the Monero devs understand the code behind CryptoNote? (I realize this is a tricky question to answer). Since the Monero devs didn't actually write the code behind their coin, I wonder if the task of maintaining it is beyond their technical capabilities. I know there is another CryptoNote coin called Dashcoin which tries to be a 1:1 mirror image of Bytecoin and thus circumvents the risk of inexperienced coders messing up while still avoiding that pesky 82 percent ninjamine.

There's no propaganda in the facts above. They are not skewed nor twisted, and replicating my searches of the Silk Road 1 forum or of the various 4chan archive sites is a trivial exercise for the reader.

You'll note that in what I wrote I never mentioned CryptoNote nor did I mention Monero. I spoke only of Bytecoin.

We absolutely do give kudos to the mathematician(s) behind the CryptoNote cryptography (and who we'd love to have on the Monero Research Lab panel), and credit does also have to go to the developer(s) who produces the CryptoNote reference code in the 7 months at the end of 2013 / beginning of 2014. If the original Bytecoin developers were involved in the creation of the reference code, then those kudos and credit extend to them up to that point, but we absolutely do not give credit for their attempt to fleece the cryptocurrency community.

On a more personal note, I think we've already demonstrated that there have been big flaws in both the cryptography (see: MRL-0001) and in the code (see: MRL-0002), so how about YOU stop trying to push the agenda of a failed scam and give credit where credit is due? I thought as much.

It was definitely an onion site. I was a network engineer at the time. Just playing around with Tor. I had heard of Bitcoin but was not particularly into crypto at all. The guy I met at the expo was also interested in Tor and during our session he gave me the onion link to the forum thread as an aside, really. At the time Bitcoin was over 10$ and so I thought 'What the hell!' and gave the coin a good run - mining it on my laptop up to around December 2012. Around that time I got a new contract and completely forgot about cryptocurrencies and Bytecoin for a long time after until I hit on Bitcointalk.

Btw - from my time on BCT and ALT - I can see why people get upset easily! Since I started exploring Alts more closely it is easy to see how the conspiracy theorists get a hold. Mainly because if it looks suspicious it usually is!