The CryptoNote/Bytecoin Scam - Reading Assignment

Privacy Coins - Ultimate Course
#121

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

  2. 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)

  3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
    The people behind Monero were known and respected, they had trust.

  4. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer)
    1 BTC + 0.2 BTC

1 Like
#122

Yes,ok I see what you refer to. Thank you. Which explorer did you use?

#123

I’m using https://explorer.btc21.org/ its open source that you can host on your own server. :slight_smile:

#124
  1. They say CryptoNote/Bytecoinwas released in April 2012
  2. CryptoNote/Bytecoin was actually released in March 2014.
  3. The core developers for Bitmonero/Monero are known and respected in the crypto community.
    4.The author received 1.2 BTC in donations. In 2014.
1 Like
#125

  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’s development team was made up of a multi-faceted group of individuals that had “skin in the game” and been in the community as participants for a long time.

  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
#126

  1. April 2012

  2. March 2014

  3. Developers behind Monero were highly respected by Crypto community.

  4. 1.2 BTC

2 Likes
#127

  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?
    the developer team had more trust among 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)
    It was actually on my mind to check it out then I saw your question, roughly 1.2 BTC

2 Likes
#128
  1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?

Bytecoin released their whitepaper, on April, 2012,

In December 2012, they released their CryptoNote v1 whitepaper.

In September 2013, they released their CryptoNote v2 whitepaper.

In November 2013, the first piece of the Bytecoin code was first pushed to Github

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

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) .

Why would they create this fake v2 whitepaper in the first place? Why not just create a v1 whitepaper, or not even version it at all? The answer is simple: they wanted to lend credence and validity to the Bytecoin “2 years on the darkweb” claim so that everyone involved in CryptoNote and Bytecoin could profit from the 2 year fake mine of 82% of Bytecoin. What they didn’t expect is the market to say “no thank you” to their premine scam

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

People are known, credible and its apparent that the transparent code can be independently verified and functions as intended

  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

2 Likes
#129

The CryptoNote/Bytecoin Scam - Reading Assignment

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

    • Bytecoin released the whitepaper in April, 2012.
    • In November 2013 the first piece of Bytecoin code was first pushed to Github.

  2. Based on Section 4, ‘Indisputable Facts’, when was CryptoNote v2.0 actually released?
    Whitepaper V.1 was actually created 10/4/2014 and V.2 was created about month earlier, on 13/03/2014.

  3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
    Monero was more successful, 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 which the community did trust.
    The Others where not so.

  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 1.2 BTC in 2014.

1 Like
#130
  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?
    Mpnero devs are made up of reasonably well-known people who check each others work
  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
1 Like
#131

The CryptoNote/Bytecoin Scam - Reading.

  1. Based on “The alleged cryptoNote/Bytecoin” story, Bytecoin was released in April, 2012.

  2. Based on “Indisputable facts”, CryptoNote v2.0 was actually released on the 13 March 2014.

  3. Based on “Layer after layer”, Bitmonero/Monero was successful when other Bytecoin forks weren’t because core devs are made up of reasonably well- known people in the community.

  4. The post author leaves their Bitcoin address for donation. They received 1.2 BTC in 2014.

1 Like
#132

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

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

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

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

  5. April 2012.

  6. March 2014

  7. The core devs are well known and respected members of the community.

  8. 1.2 Btc.

1 Like
#133
  1. Allegedly released in April 2012
  2. Actually released March 2014
  3. The bitmonero/Monero fork was successful because it was forked by the community core developers who are well known to be real people.
  4. Two separate transactions: 1.0 and 0.2 equaling to a total of 1.2 BTC.
1 Like
#134

  1. Bytecoin was released in April, 2012.

  2. In reality, the CyptoNote v2.0 was released in March, 2014.

  3. The core team of developers have a good reputation in the crypto space and a strong community.

  4. The total amount received is 1.23348604 BTC.

1 Like
#135
  1. Dec 2012
  2. March 2014
  3. There developers were know to the community and they also had contributors who were known.
  4. 1.233 BTC were sent.
1 Like
#136

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

April, 2012

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

Feb 14, 2014

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

Most of the other CryptoNote coin developers were traced back to and linked to the Bytecoin premine scam. Monero on the other hand is lead by somewhat known developers.

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
#137
  1. Bytecoin was released in April, 2012 (according to the scammers)
  2. CryptoNote was released in 13 March 2014.
  3. Because the people behind Bitmonero/Monero are known and respected in the community.
  4. 1.23348604 BTC.
1 Like
#138

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

  2. Based on Section 4, ‘Indisputable Facts’, CryptoNote v2.0 was actually released on March 13 2014.

  3. Based on Section 7, “Layer after Layer’, Bitmonero/Monero was successful when other Bytecoin forks weren’t because it was saved by the community…

“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.”

  1. The amount of donations the OP received in 2014 was 1.2 BTC.
    As of March 9th 2021, the total donations received by the OP’s address is 1.23348604 BTC.
1 Like
#139

  1. Bytecoin was released April 2012.

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

  3. The core developers were well-known people in the crypto community.

  4. 1.20078494 BTC

1 Like
#140

  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? |

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

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