The CryptoNote/Bytecoin Scam - Reading Assignment

Privacy Coins - Ultimate Course
#81

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

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

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)
1.2 BTC

2 Likes
#82

  1. Based on section 2, Bytecoin was released in April 2012.

  2. Based on section 4, CryptoNote v2.0 was actually released on March 13th 2014.

  3. Based on section 7, Monero is more successful than the others partly because of how they’re developing it but more so because the core devs are reasonably well known people.

  4. They received 1.2 BTC in donations in 2014.

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#83

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

Bytecoin not successful, because they made a fake account, timestamps, and 82% pre-mine.

Monero is successful because they have good developer and a lot of transparency.

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#84
  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? 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. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer) +$2,143.76
1 Like
#85
  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 developers were well-known in crypto community;
  • There were several core developers, so they were likely to “sanity-check” each other.
  • The other forks had some level of suspicion that they could be a re-branding of CryptoNote by the same people.
  1. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer)
  • The author received 1.2 BTC in 2014.

The author mentions Aeon among “bunch of other useless CryptoNote coins”. Maybe that was the case back then, but again I would like to share the observations of Dollar Vigilante:

  • It was announced openly, without pre-mine or stealth-mine;
  • It has a community of active developers;
  • It aims to be a light-weight version of Monero with faster confirmations and optional transparent transactions (but private by default).
2 Likes
#86

  1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?
    april 2012 with the rest of the code following on 2014

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

  3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
    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. 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
#87
  1. April, 2012
  2. March, 2014
  3. The core developers were well-known people in the cryptocurrency community
  4. 1.23348604 BTC
1 Like
#88

Although claming to be released and in operation on the Dark Net as early as 2012, the timestamos on the Creation dates of tyhe files and the appearance of releasing the code actually occurred in 2014. The code was implied to be re-released in 2013, nearly a year earlier. Vs was ACTUALLY released before V1 in march of 2014. bitmonero was able to achieve some level of trust because it is a community driver, known developer centric project that took the core of the code and made some amazing developments. They basically said we are going to take the good code you wrote, and since its open source we are going to fork it and fork you! Total donation recieved. 1 BTC after tx fee.

1 Like
#89
  1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?
    In april 2012
  2. Based on Section 4, ‘Indisputable Facts’, when was CryptoNote v2.0 actually released?
    in march 2014
  3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
    Basically because it’s based on the same technologies as bitcoin (though it is not a fork), and Bytecoin forks were -not so clearly, at least for me … because I wouldn’t be bothering to make such a reaserch for buying any altcoin, i just log in to theri websites, i hear about them from reputable youtubers and so on- basically a scam
  4. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer)
    he received 1.2 BTC only??
2 Likes
#90

Monero is a fork of Bytecoin and technically they have an UTXO model. The reason why it was more successful was mostly because of the core team that was well know and trusted in the crypto space :slight_smile:

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#91
  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. The author received 1.20078494 BTC
1 Like
#92

  1. April 2012

  2. 13 March 2014

  3. Because the Monero community politely told “the dev” to f%ck off and took the project into their own hands before “the dev” could ruin it.

  4. 1.2 BTC

2 Likes
#93

1.April, 2012
2.17.10.2013
3. taken over by Because the developers tat are well known in the crypto environment and that there is a strong community behind it.
4.1.20078494 BTCs in 2014

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#94

1.)
April 2012

2.)
13/03/2014

3.)
Because the Monero developer had Fluffy Pony in the team … and people like cute little ponies.
And of course because the other developers were trustworthy and well known.

4.)
Total Received 1.23348604 BTC - 07.11.2020

1 Like
#95

but he’s not fluffy :grin: :grin:

#96

  1. in april 2012

  2. in march 2013

3.-good core dev team
-good community backing

  1. 1.23348604 BTC
1 Like
#97

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

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

  3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
    because it was developed by known developers

  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
#98

  1. Bytecoin was released in April 2012

  2. CryptoNote v2.0 was actually released in March 2014

  3. Bitmonero/Monero was successful because the core devs are known in the community

  4. 1.23348604 btc

1 Like
#99
  1. 2012-04
  2. 2014-03
  3. Well known developers in the crypto space.
  4. 1.20078494 BTCs in 2014.
1 Like
#100

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

2.) Based on Section 4, ‘Indisputable Facts’, when was CryptoNote v2.0 actually released?
In March 2014

3.) Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
It doesn’t matter that the Bytecoin/CryptoNote developers knew their code and were able to push stuff out, and it doesn’t matter that Sabelnikov can shovel bullshit features into his poorly named cryptocurrency, and it doesn’t matter that Monetaverde is “green” and has “merged mining”. Nobody working behind these cryptocurrencies is known in the cryptocurrency community, and that alone should be a big fucking red flag. 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.) 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