Topic: [BCN] Bytecoin. Secure, private, untraceable since 2012 - page 403. (Read 1070349 times)

If they want to come out then let them do by themself, harresing people that are primarly focused on keeping low profile would only harm the project. Also there are much more people involved, i did some checking on peers from the past and they are from all around the world (germany, philiphines, china etc etc) so this project seems global and not local to some university.

About the mining; you know you can use the deamon to mine to another wallet? bytecoind --start-mining address, this way you can setup a personal pool (if you have enough resources like cloud mining etc)

I just like to know details with what im dealing with. It wasn't that hard to find out and maybe it was only used to create a little more mystery about the project. Mystery drives people

Personally i think they are part of the team as they have a working stratum\getwork implementation for bytecoin. Also the miner seems based on the simpleminer included in the source. So the only thing that keeps us away from also setting up a working pool is the stratum\getwork implementation and proper share counting i will try later tonight if i can get the included simpleminer working with minergate.


Guess the error has something todo with the diff or share size, dunno. I guess we'll have to wait untill it gets implemented in the available code. Also the simple miner looks single threaded so not of much use.

Interesting. I'm at Stanford and could go bug them for answers but they don't have an office listed.

By the way, are my only two options with this coin solo mining and that closed-source mingergate program? For all we know, minergate's sole purpose is to steal our wallet.bin and keep BCN confined to the deepweb.

I mentioned this before but i guess it's somewhere lost in the thread and all exitement going on about the technology but:

First off, thanks for the coins  

This coin is really easy to mine, especially with Minergate. Every newbee can do this within 3 minutes.
So the masses could do this without a problem.
I had to struggle much longer to get any other miner up and running. This quite explains itself.

Setting up the client is also not very difficult compared to bitcoin etc. Yet commandline is not meant for the masses.

It will be the "easy to use" software that will be adopted by ordinary people. The highly technical stuff where you have to put a lot of effort into "getting it" will not be used until there is a easy solution.

Yet easily minable is not most likely what makes a coin succeed ? Or is it ? Especially if most of the coins have already be mined.

How long does it take for an transaction to be confirmed ? How many transaction/s could be made with this ? Does it scale ?
Who did the premining ? (I mean those 2 years when only a few knew about bytecoin )

Already Top Ten Coin ?!
Market Cap at the moment: 37000 BTC ~ 15m $

[ Short calculation:
There are ~185 e9 coins
5m coins go for around 1 btc in the google exchange document
185e9 / 5e6 equals 37000 BTC ~ 15m $ ]

Interesting theory. It would be plausible because of the high number of total coins, the adoption and the final fairness of Bytecoin. But then again, why would they if they already have a economy running on it (ps. it can be distraction or just tests those tx's) and how would they distribute and make it available to less techie people on this planet? Some timeline about future plans from the Bytecoin Team would be nice, even if only some hints about their final direction.

Yep. We can only hope they have secrets, never mind whether or not they will share them. The possibilities themselves are so compelling, though.

I agree there could very well be legitimacy to it (and I have said so on several of these threads). But unless they come out and tell us or show us, we can only assume there isn't. Legitimacy doesn't work according to benefit of the doubt. Put up or shut up.

I would like to know if maybe this 'premine' is somehow meant to be distributed to the international community. If they don't sell them cheap, they'll give them away for free? It would eliminate the stigma of Bitcoin being 95% owned by western, upper middle class men.

Hi!

Here is an announcement of new currency based on CryptoNote with a list of things (still incomplete) I plan to change: https://bitcointalksearch.org/topic/annbmr-bitmonero-a-new-coin-based-on-cryptonote-technology-launched-563821

Welcome to discuss

Im still a big supporter of the idea that PoW mining is the biggest flaw in the whole crypto industry. A technology like Proof of Time (TimeKoin does this in some sort of way) would be the most honest solution till date. Also CPU mining is as secure as other algo's, but when Quantum computers appear none of the current algo's are secure.

There is a valid argument that bitcoin is still not available to "the general public" because it is too complicated and hard to use. In that sense we are all early adopters (i.e. insiders) who collectively own ~60% of the coins.

The dark net is a bit more obscure than the bitcoin community but from the point of view of the non-technical general public the difference is not so large.

Whether this alleged dark net adoption actually exists is another question. It may well be that the mining schedule is too fast, but I don't know.

Showing up late is one thing -- most people on this forum were "late" to BTC relative to its 5-year history. But this wasn't even made available to the general public until 80% of the supply was mined. That's qualitatively different and delegitimizes it in my eyes. It's also just plain bad for market confidence because the history is unknown. That said, I'm sure BCN can continue on successfully for whatever deepweb markets it serves. For us, it makes sense to start afresh for active development and transparency. The parameters could also have been better chosen (longer mining horizon) and I personally don't think CPU-only mining is secure.

Another thing im struggling with for a few days. Did anyone managed to get the simpleminer working? I cant seem to find a way to pass credentials, even after generating key pairs etc. A dive in the source code to see what args can be passed leaded me to nothing as i cannot lock the deamon for using a key pair..

The question is whether there actually is a train.

If it is just a few people holding the existing coins but no real development of a market, that is nothing but a preminel which is the worst case of 'to make you rich.' If the coin actually has significant adoption, value and usage (even if not apparent right now), then I agree with what you said.

The other valid point in favor of a fork would be whether a design that promotes CPU mining is actually a good idea. I happen to personally reject the argument that botnets are a problem, but I see it as a valid argument.

i don't support this idea with forking. we are free to do it, but should we?
adam back said every cryptocoin "need a reason for existence; but to make you rich is not a reason"
the fact that we are a little bit late to this train is not a reason at all too. cause there will always be somebody who is late.

or did you solve the puzzle and cannot tell?  

anyway, great to see they are monitoring this thread.


I agree with keeping CryptoNight, would be pointless to switch back to scrypt or even x11 (which is nothing more then a changed quark protocol and without proper fix for the diff bug). I would even agree if there would be no stratum support at all so people have to solomine. This would make it even harder for the botnets because they would have to sync the whole blockchain. And tbh, i dont support botnets but they are a good thing when it comes to decentralization...

PS. i hope you guys all know that you can use different pc's to mine to 1 wallet.

Yes, i think it is a sign that devs are watching us.

We should let them have it and support thankful's fork as a non-deepweb version of it.

that's music danteT told yesterday about. rocky balboa.
i think it's a sign that they know about us and our discussion here
and that guy, godimtired, offered me to buy all my BCN again but with higher price. someone wants to hide bytecoin back, doesn't he?

New music on bytecoin.org, plus a shout-out to danteT!