How come so many experts are warning this coin is a scam?
Is it true this bytecoin bcn is trying to confuse people with the real bytecoin bte?
Is it true this bytecoin bcn is premined?
How come this coin's original promoters a few months ago used names similar to those used by the other bytecoin?
Were they trying to confuse people into thinking this bytecoin was around a long time, when in fact it is new?
I don't know if I should be wary of this coin since so many people are warning it looks like a scam.
I don't know about the real bytecoin (BTE), but this Bytecoin (BCN) has a premine of 82% by a small group of people.
It was secretly released in 2012 to a small group of people and has been mined by them for around 2 years until it was officially released to the public this March of 2014. Those people, mined 82% of all Bytecoins, or over 150billion Bytecoins total. The max coin supply for Bytecoin is 180billion, so they own over 82% of all Bytecoins there is. The Bytecoin Blockchain shows everything.
I would call this a very severe premine.
Also, mining Bytecoin is Unprofitable. The other cryptonote coins are 10x more profitable to mine than this coin, since BCN has nonexistent buy support..