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Topic: Blowing the lid off the CryptoNote/Bytecoin scam (with the exception of Monero) - page 22. (Read 132873 times)

legendary
Activity: 2968
Merit: 1198
Worthy bump after recent BCX drama and FUD.

Oh thank you for the reminder.

One of the alleged "refutations" of the findings was posted by an account that I have now identified as another very likely sock puppet from the Hexah/Cheesus clan.

https://bitcointalksearch.org/topic/m.8937941


sr. member
Activity: 378
Merit: 250
Worthy bump after recent BCX drama and FUD.

Expect a larger bump shortly.
sr. member
Activity: 469
Merit: 250
English Motherfucker do you speak it ?
Worthy bump after recent BCX drama and FUD.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
RingPiece technology cannot be penetrated, even by packet-sniffers?

It's "RingaDing technology" actually.
sr. member
Activity: 462
Merit: 250
Lux e tenebris
RingPiece technology cannot be penetrated, even by packet-sniffers?
donator
Activity: 1274
Merit: 1060
GetMonero.org / MyMonero.com
Who cares if he calls it RingJoin. I have no idea where he got that name from but its actually not a terrible name for mixing coins using ring signatures.

RingToCryptoCoinNoteJoinSendChandra++
legendary
Activity: 2968
Merit: 1198
Andreas Antonopoulos just covered this thread on the latest show of Let's Talk Bitcoin: https://www.youtube.com/watch?v=0qEi5fQcVak

Very poorly reported. He called Ring Signatures as RingJoin, dismissed or appeared to be dismissive all of the CryptoNote coins including Monero based on tidbits from this thread and other threads in this subsection. Pretty much the only thing he talked about positively was how the technology was sound and received blessings from Greg Maxwell. The other host got it right that "Could this all be an attempt to dismiss CryptoNote altogether?" and Andreas should have known that we can see that is what he was trying to do.

Edit: Starts around 21:00 min mark.

I disagree. For an outside observer with more on his plate than studying CryptoNote all day long I think he did a good job sorting through most of the bullshit. He didn't get everything right, of course, but he got a lot right, and the presentation was fair. We know that Monero isn't a scam but objectively looking at the FUD flying back and forth, it is difficult from someone is his position to really be sure.

Who cares if he calls it RingJoin. I have no idea where he got that name from but its actually not a terrible name for mixing coins using ring signatures.

legendary
Activity: 1762
Merit: 1011
Andreas Antonopoulos just covered this thread on the latest show of Let's Talk Bitcoin: https://www.youtube.com/watch?v=0qEi5fQcVak

Very poorly reported. He called Ring Signatures as RingJoin,

Yeah, I noticed that, as well.

Quote
dismissed or appeared to be dismissive all of the CryptoNote coins including Monero based on tidbits from this thread and other threads in this subsection. Pretty much the only thing he talked about positively was how the technology was sound and received blessings from Greg Maxwell. The other host got it right that "Could this all be an attempt to dismiss CryptoNote altogether?" and Andreas should have known that we can see that is what he was trying to do.

Edit: Starts around 21:00 min mark.

I thought it could be interpreted that way, but he also didn't definitively mention Monero in a negative light -- he seemed to just not be able to tell if the sock puppet counter thread to this one was actually legit or not. I could've told him that it wasn't, but there's only so much research that they seemed willing to do, given the time constraints. They asked to comment on all of this at letstalkbitcoin.com if you had an opinion, so you should definitely mention it over there in the comment section:  http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-144-news-talk
legendary
Activity: 1232
Merit: 1001
mining is so 2012-2013
Heard about this story on the podcast. Not much to add but a tip of my hat to the OP.
hero member
Activity: 742
Merit: 501
Andreas Antonopoulos just covered this thread on the latest show of Let's Talk Bitcoin: https://www.youtube.com/watch?v=0qEi5fQcVak

Very poorly reported. He called Ring Signatures as RingJoin, dismissed or appeared to be dismissive all of the CryptoNote coins including Monero based on tidbits from this thread and other threads in this subsection. Pretty much the only thing he talked about positively was how the technology was sound and received blessings from Greg Maxwell. The other host got it right that "Could this all be an attempt to dismiss CryptoNote altogether?" and Andreas should have known that we can see that is what he was trying to do.

Edit: Starts around 21:00 min mark.
legendary
Activity: 1762
Merit: 1011
Andreas Antonopoulos just covered this thread on the latest show of Let's Talk Bitcoin: https://www.youtube.com/watch?v=0qEi5fQcVak
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
So thus you confirm Monero is scam.

It was just sold to public as honest launch. I also trusted them at first. Before very strange and useless features and lots of noise in dozens of topics.
But in fact all of that was a lie, they do not even respect the creator. No credit for TFT in any interview.

Do whatever, but you Must respect the one that gave you the opportunity. Aren't you agree?

Whom they want to trick? People don't like when they are treated poorly or stupid.
But this is current devs choice. And we should respect their way of thinking and PR. We can choose another coin, but respect everyone.

Quote from: Vitalik Buterin
Any coin where the creator knew that he was providing a suboptimal miner and kept a better miner to himself without disclosing this to the community
He is obviously talking about both Bytecoin and Monero.


Thankfully the Monero team (not to be confused with the original dev that launched Bitmonero) were on the ball and released optimised miners as soon as they were able to. This was all done while the total number of coins emitted was still pretty low, so the overall impact of that early period of scammyness was minimised.



BitmoneroX with market ?

proof here shills..
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
of course the exception is MONERO  Roll Eyes
hero member
Activity: 504
Merit: 500
eidoo wallet
legendary
Activity: 2968
Merit: 1198
donator
Activity: 1274
Merit: 1060
GetMonero.org / MyMonero.com
So thus you confirm Monero is scam.

It was just sold to public as honest launch. I also trusted them at first. Before very strange and useless features and lots of noise in dozens of topics.
But in fact all of that was a lie, they do not even respect the creator. No credit for TFT in any interview.

Do whatever, but you Must respect the one that gave you the opportunity. Aren't you agree?

Whom they want to trick? People don't like when they are treated poorly or stupid.
But this is current devs choice. And we should respect their way of thinking and PR. We can choose another coin, but respect everyone.

Oh look, another sockpuppet.

It was an honest launch. I'm not going to do your homework again, but if you look at http://monerochain.info/charts/hashrate for the first 10 days it went from 936h/s to 8698h/s. At that initial stage (I've said this before) mining on one of my dedicated servers ran at around 11h/s, and an Amazon EC2 c3.8xlarge slice ran at just under 50h/s. That means that for the first 10 days you could own the network with 19 - 174 EC2 instances, certainly not infeasible or dodgy or scammy.

Also, TFT is not the "creator" by any measure of the term. The original CryptoNote developers (that wrote the original whitepaper and the initial reference implementation) can and do get our respect. However, when people are talking to us they want to know what *we* are doing, not what *was* done. The further we deviate from the reference code the more relevant our *current* work is.

You're welcome to go elsewhere if you don't like our "very strange and useless features".
member
Activity: 689
Merit: 14
World's First Crowd Owned Cryptocurrency Exchange
So thus you confirm Monero is scam.

It was just sold to public as honest launch. I also trusted them at first. Before very strange and useless features and lots of noise in dozens of topics.
But in fact all of that was a lie, they do not even respect the creator. No credit for TFT in any interview.

Do whatever, but you Must respect the one that gave you the opportunity. Aren't you agree?

Whom they want to trick? People don't like when they are treated poorly or stupid.
But this is current devs choice. And we should respect their way of thinking and PR. We can choose another coin, but respect everyone.

Quote from: Vitalik Buterin
Any coin where the creator knew that he was providing a suboptimal miner and kept a better miner to himself without disclosing this to the community
He is obviously talking about both Bytecoin and Monero.


Thankfully the Monero team (not to be confused with the original dev that launched Bitmonero) were on the ball and released optimised miners as soon as they were able to. This was all done while the total number of coins emitted was still pretty low, so the overall impact of that early period of scammyness was minimised.

member
Activity: 87
Merit: 10
Quote from: Vitalik Buterin
Any coin where the creator knew that he was providing a suboptimal miner and kept a better miner to himself without disclosing this to the community
He is obviously talking about both Bytecoin and Monero.


Thankfully the Monero team (not to be confused with the original dev that launched Bitmonero) were on the ball and released optimised miners as soon as they were able to. This was all done while the total number of coins emitted was still pretty low, so the overall impact of that early period of scammyness was minimised.
donator
Activity: 1274
Merit: 1060
GetMonero.org / MyMonero.com
He is obviously talking about both Bytecoin and Monero.

He's not talking about Monero or he's utterly clueless. Per dga -

Reading comprehension is hard for sockpuppets.  Something in the sock material seems to cloud their eyes.

To others reading the thread, while I'd of course encourage you to actually read what I wrote.

tl;dr:  Bytecoin was a scam, they crippled the miner, Monero inherited it when Monero was still "bitmonero", and it took a while before the Monero devs got the code fast by undoing the crap that Bytecoin had added.  During that time, I made some money.  After that time, I didn't.  That time has been over for a long time.

To their credit, the Monero devs have always been up-front that there's a lot of work to be done with respect to auditing, both in cryptography and design, and in implementation, and they've made credible progress at doing so.  One hopes that any baggage from the cryptonote/bytecoin fork has been priced in and is well understood by the community, given that the coin's been around for months and the developers have been very up front about these things and their plans for addressing those risks.
slb
hero member
Activity: 598
Merit: 501

this... is why i am digging deep as possible into this tech. thanks for that, i missed it, there are so many of them thanks to ES.

Edit - jesus, that's creepy as hell... yikes.... Sad 

Then digg more and read the comments:

Quote from: Vitalik Buterin
Quote from: Vitalik Buterin
Any coin where the creator knew that he was providing a suboptimal miner and kept a better miner to himself without disclosing this to the community
He is obviously talking about both Bytecoin and Monero.
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