The CryptoNote/Bytecoin Scam - Reading Assignment

Privacy Coins - Ultimate Course
#181

  1. Based on Section 2 The Alleged CryptoNote/Bytecoin Story, Bytecoin was released in April 2012.

  2. According to Section 4, Indisputable Facts CryptoNote v2.0 was actually released:

  • the v1 whitepaper PDF was created on 10/04/2014 &
  • the v2 whitepaper was created on 13/03/2014.
  1. As described in Section 7 Layer after Layer Monero was streets ahead, partly because of the way they were developing the currency, but mostly because the “core devs” were made up of reasonably well-known people - a bunch of 7 + a bunch of other people contributing code meant that they were sanity checking each other - what has infuriated the Bytecoin/CryptoNote developers that were so angry that wasted hours and hours with their Reddit accounts trawling the Monero sub-reddit having Nobody falling for their scam, not prior neither after the authors revelation at that time: “Transparency wins, everything else is bullshit.”

To sum it up shortly the author wrote at the time: “I hold a bit of XMR.”

  1. In 2014 the post author received app. 1.20 BTC.
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#182
  1. April 2012 and the first part of the code was pushed on Github November 2013
  2. On march 2014 and the v1 whitepaper was created about a month later
  3. Because of the trust on the core devs by the comunity
  4. 1.20078494 BTC
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#183
  1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?

April 2012

  1. Based on Section 4, ‘Indisputable Facts’, when was CryptoNote v2.0 actually released?

March 2014

  1. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?

Because the “devs” were made up of reasonable well-know people.

  1. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer)

As of October 9, 2021, that address has received 1.23348604 BTC in donations.

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#184

1.) April 2012
2.) 13.03.2014
3.) Known people are working on it. The team consists of multiple people
4.) 1,2 BTC

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#185
  1. Allegedly, April of 2012
  2. The first CrfyptoNote whitepaper to be released was the V2, released in March of 2014, followed by a stripped down V1 about a moth later.
  3. Monero was successful because early developers forked away from the original dev of Bitmonero so as to have meaningful input and direction in future development. Importantly, the core team of developers is a group (7) of known mathematicians/cryptographers.
  4. 1.2 BTC
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#186
  1. April, 2012
  2. The v1 whitepaper PDF was created on 10/04/2014, and the v2 whitepaper was created on 13/03/2014.
  3. Bitmonero was forked into Monero, which is leading the pack of CryptoNote-based coins today and was taken away from devs that were creating scam coins pretending them to be real. Nobody working behind the other Bytecoin forks cryptocurrencies is known in the cryptocurrency community.
  4. 1.23348604 BTC
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#187
  1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?
    April, 2012
  2. Based on Section 4, ‘Indisputable Facts’, when was CryptoNote v2.0 actually released?
    March 13, 2014
  3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
    mostly because of the transparency. The “core devs” were made up of reasonably well-known people - a bunch of 7 + a bunch of other people contributing code meant that they were sanity checking each other
  4. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer)
    1.2 BTC
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#188

1 Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?
April 2012.

2 Based on Section 4, ‘Indisputable Facts’, when was CryptoNote v2.0 actually released?
13/03/2014.
3 Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
Because “core devs” were well-know people in the cryptocurrency community.

4 The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer) 1.23348604 BTC.

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#189
  1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?
  • April 2012
  1. Based on Section 4, ‘Indisputable Facts’, when was CryptoNote v2.0 actually released?
  • March 13 2014
  1. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
  • Bitmonero’s/Monero’s core developer were well known people in the scene.
  1. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer)
  • 1.2 BTC
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#190
  1. April, 2012
  2. 13/03/2014
  3. Because “core devs” were well-know people in the cryptocurrency community
  4. 1.23348604 BTC
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#191
  1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?

April 2012

  1. Based on Section 4, ‘Indisputable Facts’, when was CryptoNote v2.0 actually released?

March 2014

  1. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?

The trust of the community

  1. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer)

1.2BTC

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#192

  1. Bytecoin was released April 2012

  2. it was actually released in March 2014 as per the whitepaper document properties.

  3. Monero was successful because it was built by a legitimate team and didn’t have a trail of coverups and lies.

  4. The author received 1.23348604 btc

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#193
  1. April 2012
  2. March 13, 2013
    3.They had a team of very good Devs conduct an effective hard fork and they were able to build a user base.
  3. 1.2 BTC
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#194

  1. April 2012

  2. March 2014

  3. The core developers were made up of reasonably well known people.

  4. 1.2 BTC

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#195

1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?
In April 2012 the Bytecoin Whitepaper was released, in December 2012 the CryptoNote v1 whitepaper was released, in September 2013 the CryptoNote v2 whitepaper was released, in November 2013 the first piece of the Bytecoin code was first published on Github by “amjuarez” with a “Copyright © 2013 amjuarez” copyright note (which was changed to “Copyright © 2013 Antonio Juarez” on March 3rd, 2014), on March 4th 2014 “amjuarez” pushed the rest of the code up to Github with the README referring to “cybernote” when the code was referred to “CryptoNote”.

2. Based on Section 4, ‘Indisputable Facts’, when was CryptoNote v2.0 actually released?
2014.03.13 18:41:53 + 3:00

3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
Because the community took control over it and core devs were well-known individuals in the cryptocurrency space.

4. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer)
1.0333 1368 BTC + 0.9999 BTC + 0.9437 29 BTC = 2.9769 4268 BTC

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#196

1.) Based on Section 2, “The Alleged CryptoNote/Bytecoin Story”, Bytecoin was released in April of 2012.
2.) Based on Section 4, “Indisputable Facts”, CryptoNote v2.0 whitepaper was actually released on March 3rd of 2014.
3.) Based on Section 7, “Layer After Layer”, Bitmonero/Monero were successful when other Bytecoin forks weren’t because there was transparency regarding the core team of its developers. The fact that Bitmonero/Monero developers are constantly working together to code makes the currency far more innovative and reliable.
4.) The post author received 1.2 BTC in 2014.

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#197

  1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released ? : In April, 2012, they released Bytecoin.

  2. Based on Section 4, ‘Indisputable Facts’, when was CryptoNote v2.0 actually released? : According to that, the v1 whitepaper PDF was created on 10/04/2014, and the v2 whitepaper was created on 13/03/2014.
    And yet both of these documents were then modified in the past (when they were signed).

  3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t ? : The early launch date and how unfamiliar anyone was with creating a genesis block and working in completely undocumented code, that thankful_for_today is/was part of the CryptoNote developers. There are (6 or 7?) plus a bunch of other people contributing code meaning that they’re sanity checking each other.

  4. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer) : 1.200078494 BTC in 2014.

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#198

:one: Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?

It is understood that Bytecoin was released on April 2012.

:two: Based on Section 4, ‘Indisputable Facts’, when was CryptoNote v2.0 actually released?

They assert that the CryptoNote v2.0 whitepaper was released before v1.0, on March 2014, to allow them to take advantage of an 82% premine before being ‘discovered’ by the public.

:three: Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?

The author believes that the Bytecoin/CryptoNote team decided to flood the market with Bytecoin forks once the community decided to make distance with the project.

It’s believed that the developer of Bitmonero was not associated with the CryptoNote team, and therefore people were more comfortable gravitating to that project.

It was shortly after forked to Monero, and maintained by a different set of core developers.

:four: The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer)

It looks as though the author received 1.2BTC during the two months following the forum post (the only amount received for that year).

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#199

  1. April 2012

  2. March 2014

  3. Monero had well-known, reputable and trusted developers in the crypto community.

  4. 1.2BTC received in 2014

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#200

  1. April 2012

  2. September 2013

  3. Monero is streets ahead, partly because of the way they’re developing the currency, but mostly because the “core devs” or whatever they’re called are made up of reasonably well-known people. That there are a bunch of them (6 or 7?) plus a bunch of other people contributing code means that they’re sanity checking each other.

  4. 1.200078494 BTC in 2014

1 Like