The CryptoNote/Bytecoin Scam - Reading Assignment

Privacy Coins - Ultimate Course
#61
  1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?

In April, 2012

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

13/03/2014

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

The core developer were well known in 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)

1.23348604 BTC

1 Like
#62

  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?
    v2 whitepaper was created in March, 2014

  3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
    The core devs - especially Fluffy were well regarded in the community.

  4. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer)
    In 2014 there were only 2 inbound payments and 1 outbound. Total was 1.2BTC with the 1BTC spent 4 days after being paid.

2 Likes
#63
    1. April 2012
  2. March 2014
  3. Because the developers are well known in the crypto environment and that there is a strong community behind it.
  4. 1.20078494 BTC.
#64
  1. Bytecoin was released April 2012.
  2. 13/03/2014
  3. It’s successful because the core developer’s are well known to the cryptocurrency community.
  4. He received 1.2 BTC
1 Like
#65

1: April 2012
2:March 2014
3: Bitmonero/Monero was successfull because the community decided to break away from Crytonote because they did not believe in the leader and the Monero team is made up of well known and credible Devs.
4 According to block chain .com he received 1.233 BTC in 7 trx

#66
  1. April 2012
  2. March 2014
  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.Transparency wins, everything else is bullshit.”
  4. 1.2 BTC
1 Like
#67
  1. Based on Section 2 Bytecoin was released in April 2012.
  2. Based on the article CryptoNote v2.0 was actually released 13/03/2014. So I think the point is that they started mining the software themselves in april 2012 but did not tell the public about it until March 2014. i.e. mining most of it (84%) for themselves.
  3. It seems that Monero was more sucessful even though it was a fork of Bytecoin due to the legitamacy of the core developers. So lesson here is that good code run by crooks is bad, but you can turn that around with good people.
  4. 1.2 BTC in 2014 and a little more in later years.
1 Like
#68

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

The Bytecoin whitepaper was released April of 2012. in November of 2013 the 1st piece of the Bytecoin code was published to github.

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

" The conclusion we draw from this is that ***the CryptoNote developers, as clever as they were, intentionally deceived everyone into believing that the CryptoNote whitepapers were signed in 2012 and 2013, when the reality is that the v2 whitepaper was created in March, 2014, and the v1 whitepaper haphazardly created a month later by stripping bits out of the v2 whitepaper (accidentally leaving dead footnotes in) ." So March 2014 would be where I narrow it to.

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

The reason why Bytecoin and its other forks were unsuccessful was because they were deceitful liars who tired to manipulate the community and its users, and it seems that the community took Bitmonero/Monero away from the Bytecoin/Crytonote folks and found a team of established people in the community to continue building with Monero.

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

The number i came up with is 1.23409862

#69

  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?
    Monero is streets ahead, because of the way they’re developing the currency, and because the “core devs” are made up of well-known people.

  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

2 Likes
#70
  1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?

Bytecoin was released on April 2012

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

It was released on March of 2014

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

Cause the people who were the core deves of the project were trusted more by 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)

1.2 BTC

1 Like
#71
  1. It was released in March 2014
  2. May 2013, by the time of official release over 80% of coins were mined.
  3. Because the core devs were well known and trusted members of the community.
  4. In 2014 the address received exactly 1.2 BTC
3 Likes
#72
  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 of 2014

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

It’s successful because the core developer’s are well known to the cryptocurrency community.

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

1.2 BTC

1 Like
#73

  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?
    13th March 2014 would appear to be the actual release date of the v2 whitepaper.

  3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
    The Monero fork away from
    bitmonero was due to the community not knowing or trusting the developer/s of Bitmonero. Monero was then lead by a core team of 6-7 reasonably well known developers in the crypto space (as well as other reputable developers contributing often) and on top of the reputation the currency is being developed well with good underlying privacy concepts.

  4. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer)
    There were 2 receiving transactions in 2014 to the address listed in the post. One was for 1 BTC and the other for 0.2 BTC making total donations, in 2014, 1.2 BTC

1 Like
#74
  1. April 2012
  2. March 2014
  3. well known and respected people, community followed them
  4. 1.2 BTC
2 Likes
#75

Bytecoin released…April 2012

CrytoNote protocol…v2.0 released Sept 2013 to begin then final white paper in March 2014

Why was Bitmonero/Monero successful; they had more trust and values then the others that were more greedy.

BTC received in 2014…Total was 1.23348604 BTC

#76

  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 2014

  3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
    the core devs where alreay known in the crypto 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

#77

  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 2014

  3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t? Because the core developers of Monero were well known in the crypto community and a good number of contributors kept a “sanity check” on 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) 1.23348604 BTC, Bitcoin.com Explorer

#78
  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?
  • 03/2014
  1. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
  • The developers were well known in the crypto community.
  1. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer)
  • 1.23348604 BTC
#79

  1. in April, 2012

  2. 13/03/2014. not 15/12/2012 and 17/10/2013

  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. 1.23348604 BTC

#80

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

2. Based on Section 4, ‘Indisputable Facts’, when was CryptoNote v2.0 actually released?
3/03/2014

3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
It all had to do with the team behind it. The team of Developers behind Monero were well respected within the Crypto community.

4. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer)
They received 1.23 BTC.

1 Like