Topic: Blowing the lid off the CryptoNote/Bytecoin scam (with the exception of Monero) - page 9. (Read 132816 times)

That post has been deleted. Big surprise there.

Yes, the end of February. It is quite possible that you mined Bytecoin starting around March of 2014 (or possibly very late February) which was more or less the same time it appeared on this forum and the rest of us started mining it, by which time it had already been fraudulently 80% pre-mined with a phony backstory dating to 2011.

So if your (latest) story is to be believed you 'made a mistake' about the year and fall into the useful idiot category.


Explicitly denied on this thread. Maybe he's lying who knows. I do respect his privacy so I'm not going to dig into it further.


What does appear to be the case is the original scam group liked using bogus references to famous universities (e.g. Princeton) as polish to bolster their own reputation. It is possible the similar name was used to imply some connection to Alain Meier and/or the SBG (and they apparently knew of him since they bought his domain).

Who is this "MR_CHNYD" BTW? Someone credible with a reputation, or yet more sock puppet social engineering (or perhaps useful idiot; who can say)?

FinCEN issued guidance on this over 4 years ago. https://www.fincen.gov/sites/default/files/shared/FIN-2013-G001.pdf Crypto to crypto exchanges in the United States or involving US persons require MSB registration with FinCEN and AML/KNC compliance. Bold my emphasis the law is shown.

I think it is hilarious how half of b4h4mu7 "defenses" of bytecoin are clearly and verifiably (with facts, something b4h4mu7 is unable to grasp the concept of) proven as lies in OP's original post from 2014, while the other half are either changes of topic or personal attacks. Unfortunately with the new influx of money in Bytecoin, this will be more and more common. Like a smart man once said "As long as there are stupid people, there will be scammers". Go away b4h4mu7 and don't post your shit-garbage here again.

And rekt in 3...2...1...



Link to original Tweet in August 2014: https://twitter.com/alain/status/500765479393177601


You're 👏🏼 getting 👏🏼 scammed 👏🏼 and 👏🏼 you're 👏🏼 too 👏🏼 dumb 👏🏼 or 👏🏼 too 👏🏼 naïve 👏🏼 too 👏🏼 realise.

Bullshit. Show me a law that has compelled Poloniex to collect user data since 2014 for crypto-to-crypto exchanges. Bittrex is also licensed in the same country as Poloniex and all their owners are listed on their website. If I remember correctly they both started out in Washington State. How come they haven't been practicing the same data collection policy as Poloniex? Because there is no law. If there were, Bittrex would be in the news for violating the law. FINCEN is a federal entity not a state one. If there were compliance issues it would be at the federal level since it deals with interstate commerce. Your "law firm" should of explained this to you.

I trust the Bittrex team much more than I trust anyone from Polo. The only time one needs to register as a MSB is if they are transacting in fiat currency thereby they have to comply with AML/KYC. The US does not classify cryptocurrency as legal tender (yet) and therefore it is not subject to the same laws as fiat. I'm really surprised that you haven't informed your community about their unjustified data collection.

Edit: BTC-e was recently taken down by FINCEN and other agencies for not registering as a U.S. MSB even though they were a foreign corporate entity operating on foreign soil. They accepted wire transfers and bank deposits from U.S. citizens which made them subject to US law (in the eyes of FINCEN). If Bittrex was in violation they would of went down a long time ago.

Bottom line: Polo is a ponzi honey pot. The quicker people realize this, the quicker they will remove their funds.

[1]
A sports coat/jacket and a smart shirt in the heat of summer might as well be a full business suit. I called you a dooshbag, because you are dooshbag. I'm not judging your project based on your attire, I'm judging it by the actions of you, your team and its toxic community.

[2]
Yes, you do.

[3]
I'm sure you have nothing to worry about, just keep pleading innocent.

[4]
I'm not justifying their actions if that was their original intention, I'm saying that maybe there is another side to the story outside of your scam accusations. They did release a groundbreaking cryptosystem although they didn't market it to the wider audience. There are some cryptic messages in their system so maybe the project was intended for that smaller community as a research project and then later they decided to release it to a wider audience. If this was the case, then it wouldn't be a scam it would just be a failure to factor in wider adoption. We'll have to hear their side of the story before we can make any concrete assumptions. I highly doubt a team of researchers would spend years developing a cryptosystem with the original intentions to pump and dump their holdings. It's more reasonable and logical to assume they spent years developing this cryptosystem to advance transactional privacy over the original Bitcoin project.

According the research from https://www.reddit.com/user/MR_CHNYD Alan Miers seems to be the chief architect of Cryptonote although his original repo doesn't have a snapshot. "Johannes Meier" is listed on Cryptonote.org as their chief cryptographer so one can safely assume it was his alias. Maybe the whitepaper was altered to remove his github link and name from the Cryptonote whitepaper. He also created cryptonote.me, most likely to introduce plausible deniability of his involvement in the project. Additionally, he was also a founding member of the Stanford University Bitcoin Group (https://angel.co/cognitohq/jobs). That doesn't strike me as someone who is looking to scam people with a pump and dump.

https://web.archive.org/web/20131020133207/https://cryptonote.org/

Taken from reddit:

---- On Fri, 30 May 2014 16:41:59 -0700 ***<@*> wrote ----

Good afternoon,  

I was hoping to hear more details about the developers of ByteCoin.  
There are rumors and fear being spread around online saying that  
basically 80% of the ByteCoins were ninja-mined from 2012 up until BCN's  
recent "public release". I'm not sure how a cryptocoin is supposed to  
survive if it was mined to 80% by a smaller group of people. I can  
confirm on the blockchain that 83% of the coins are mined already, but I  
was wondering if CryptoNote had any historical information or more  
details about working with ByteCoin devs? Who and how many people  
actually mined these 154 billion coins?  

Thank you for your time,  
*****  

Dear *****,

It is not of our interest to judge the decisions of Bytecoin developers and its outcomes. The coin was indeed released in July 2012 in a cooperation with us. Bytecoin developers are killer coders and are responsible for the vast majority of the CryptoNote's current code base. However, when the coin was released the two teams took completely different paths. CryptoNote went back to the researches, while Bytecoin was focused on building the cryptocurrency and the community.

There are polar views on the current distribution of Bytecoin. What we can confirm is that the coin indeed had several groups of early adopters (related to scientific, educational, and gaming industries) and is likely to be spread among at least a thousand users (may well be more).

I hope this helps.

Best,
Catherine

"Take that as you will. I would be most apt to trust what cryptonote.org said because they are the original developers of the protocol and everything seems to line up with their backgrounds. You can see that Alain graduated from Stanford and is involved in programming and design, and has gone on to be successful with many other projects. He was also a founding member of the Stanford University Bitcoin Group (https://angel.co/cognitohq/jobs)."

https://www.reddit.com/r/BytecoinBCN/comments/6cxz55/going_down_the_rabbit_hole_an_exploration_of/?st=j680pqsz&sh=ca5de910


Moral of the story here is you and your team made it out that they had negative intentions when maybe they didn't. You built your whole project on the foundation that it was a scam. To me, it looks like they tried to cover links to their real names before releasing Bytecoin/Cryptonote to the general public. I haven't seen any proof of them directly scamming holders out of funds as I have with the Monero-Oasis scam. In fact, Bytecoin only recently achieved all time highs and their devs are promising more development. Only time will tell what will come of it.

Utter nonsense - I've just been on a call with a law firm in the USA, and they confirmed that at least half the states in the USA have licensing and AML/KYC requirements for crypto-to-crypto pairs.

Hello. It looks like you are doing the same thing you are accusing someone of. Also, I would like to know how making fraudulent claims is being far from a real scam. If it is fraud,,, it actually qualifies as a scam. Two, three, four, infinite rights do not adjust a wrong. Did they apologise and correct their error?

Besides, if any of this were true, you should get a reward for helping identify the real people behind Oasis.

Poloniex is a ponzi exchange and IMO a honeypot. I'd stay away from them. I have friends would have millions in crypto frozen there with slim chances of withdrawal. They had to hire an attorney to get them to begin the withdrawal process and nine months later its still ongoing. If they're freezing large amounts of funds it means theres a liquidity issue. That's probably why they impose their own internal fiat level KYC/AML standards on a crypto-to-crypto exchange to prevent large withdrawals. There is no law or statue that compels them to enforce AML/KYC on crypto-to-crypto exchanges. Interestingly their rise to popularity is also a direct result of Monero's Oasis DNM scam since they were the main XMR exchange.

So first it was a full business suit, now it's a jacket and smart shirt?

And just to clarify - if I wore a t-shirt then it'd be fine?

So we're judging entire projects based on the clothing that one person chooses to wear?

I mean, if I knew that was the case I would pay more attention to my shoe choice in the morning.


Not really sure what you're talking about.


SO WOULD AN INNOCENT PERSON, YOU IMBECILE.


They released something, and lied so that they would own 82% of the tokens and could offload them on the market under the auspices of there being a much wider distribution. That's the very definition of "directly scamming [someone] out of money".

I know the place very well. As far as I remember he told me you showed up in a jacket and a smart shirt in the middle of summer and I don't take him for a liar. LOL. So you broke bread with him then turned around and mounted a full scale smear campaign on his project.. lovely stuff.

Of course for obvious legal reasons any proper scammer would deny their involvement in the Oasis exit scam. Let's be real here - it was a real scam whose only purpose was to get another DNM to add XMR, people lost money and your project reaped the benefits. At best the Bytecoin team is making fraudulent claims about their 2012 launch but they're far from a real scam. The devs are still making commits to their project and they did contribute exciting technology to the crypto community. While I don't agree with their roll out the fact remains that they didn't directly scam anyone out of money like is the case with Oasis and XMR which according to themerkle.com now ranks in top 3 exits scams.

https://themerkle.com/top-3-recent-darknet-market-exit-scams/

Even though I disagree with your methods I must say they are very effective.

I think BCN is close to be desisted from Poloniex, so they need to do something.  Next delisting is coming fast. And Poloniex will delist like 10 coins to make space for new coins.  
BCN guys are way to smart to just let it happen without fight.

Nope, not me. Ryno came through to Plett and we had an excellent lunch at The Grand, I was wearing shorts and a t-shirt. Summer's in Plett are cooking!

I have not ever been involved with any DNM on ANY level, much less Oasis. You're currently sitting 0 for 3 on your last few statements, you seem to be confused about a lot of things.

Aren't you the same dooshbag tool that invited Ryno out for beers at a beach bar and then showed up in a full business suit? LOL! Then you turn around and mounted coordinated attack on his project? What a stand up guy you are. It seems your Oasis DNM scam worked out well for you. You're even able to donate to the forums now.

As I said, I found it through a Google search looking for Bytecoin[BTE] although I may of made a mistake on the year. It was shortly before or after I started mining Darkcoin and that was in January of 2014. I truly must be a scammer since I mined both projects.

https://bitcointalksearch.org/topic/m.4810924

The earliest web archive puts Bytecoin's snapshot in February of 2014 not March, but I could of sworn I found it much earlier than that.

http://web.archive.org/web/20140225123108/http://bytecoin.org/

The fact remains when I found their website by accident when there was no mention of the project anywhere else. Regardless if that was December 2013 or February 2014.

Hah hah rekt!

All of this Bytecoin resurrection stuff is because someone is throwing a tantrum: https://www.cryptocoinsnews.com/crypto-speculator-threatens-bytecoin-development-team-one-week-then-i-dump/

No you weren't.

Do tell us where you found it, and for extra bonus points provide evidence.

Because this is what the web site looked like until March 2014:

http://web.archive.org/web/20140128152612/http://www.bytecoin.org:80/

And this is what was available on their github repo prior to 2014:

https://github.com/amjuarez/bytecoin/tree/175d06e75e05aa4a42269dd048516e13b5bd585e

(for those reading who are not familiar with code, there is nothing there but a basic crypto library)

Bitcoin was posted on a mailing list before launch (and a mailing list reported to have a few thousand members, though I can't confirm that), there was and is a record of discussion of it shortly thereafter on sourceforge (and later other places), proving that it actually existed and was not premined 80% using a phony backdated chain. A large number of people were mining Bitcoin before it was even 25% mined, much less 80%. (I mined it just after 25%, and there was already a large community here when I showed up.)

No such evidence has ever been found in support of Bytecoin existing prior to early 2014. Only occasional claims from fools who don't realize they were mining the other Bytecoin, or deliberate liars/sock puppets. As I said, shills and social engineering (with the occasional useful idiot thrown in).

Again no mention of the real scam where people actually lost money. Keep laughing. I know I'm laughing at all the triggered fucks and even harder at all the dumb fucks that keep buying into your shitcoin. For the record, the only thing solid that's came out of the Monero project is LMDB everything else is piss and shit.