The CryptoNote/Bytecoin Scam - Reading Assignment

[Zulu1]

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 had well-know and reputable developers.
4. The post author leaves their Bitcoin address for donations. How much BTC did they receive in
   2014? (hint: use a blockchain explorer) 1.200000000 BTC

[vegas316]

1. March 4th, 2014
2. March 13, 2014
3. That there was no premie and that some of the devs behind the project were known by the crypto community.
4. 1.2 BTC

[hexdotcompays40apy]

1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?
   A. Based on Section 2, April, 2012, did ‘they’ released Bytecoin.
2. Based on Section 4, ‘Indisputable Facts’, when was CryptoNote v2.0 actually released?
   A. Indisputably! March, 2014 was the release of CryptoNote v2.0.
3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
   A. Monero has been successful do to the core development team being well known and public while the Bytecoin forks stayed anonymous.
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

[ol_frank]

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?
   “March 14 was the release of CryptoNote v2”

3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
   This is due to the anonymity of other other core developers on other projects. Monero’s developers are publicly known which added a layer of trust to the team and project.

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

[mattsf]

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? core devs are well know in the crypto community and have a group of people keeping one another in check

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

[Toddness]

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 devs are well known in the community, on GitHub, and have people vetting their code and adding too it.

4. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer) 1.0 BTC on 2014-08-16 and 0.2 BTC on 2014-09-06 = 1.2

[Batist_Van_Houtte]

1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?
   On 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 others having a lack of trust.
4. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer)

[Samuel1]

1. Bytecoin was realeased in April 2012.
2. The version 2 was released in March 2014.
3. Monero had better developers and an overall better ecosystem and infrastructure.
4. They received 1.2 BTC in 2014.

[HemalT]

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 March 2014

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

Monero/Bitmonero were successful forks because the developers were known and respected the crypto community by being fully transparent.

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 the author’s BTC address received Bitcoin 2 times for a total of 1.2 BTC. Enough to buy a good number of

[maxs]

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?
   “mostly because the “core devs” or whatever they’re called are made up of reasonably 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

[Denzel]

1.- April 2012

2.- March 2014

3.- They had a strong community behind.

4.-
1.23348604 BTC

[walter_w]

1. April 2012
2. March 2014
3. public devs + community support, anonymous + scams
4. 1.23348604 BTC

[ryan9632]

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?
   Well I wouldn’t say Bitmonero was successful, but it was the first after Bytecoin and it didn’t include a pre-mine like Bytecoin, which made it superior to Bytecoin. However, it’s thought that thankful_for_today was part of the Bytecoin team because of his early understanding of the technology. Monero was forked from Bitmonero by well-known members of the community to escape mysterious and untrustworthy leadership. All the forks coming after were not so endorsed by the community. It’s believed many coins were launched by the Bytecoin team as a scorched Earth strategy to hurt legitimate CryptoNote coins like XMR.
4. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014?
   1.2 BTC from 2 transactions

[Meddodreddo]

1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?
   April 2012, or is it March 2014

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

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

Because Monero had already well known developers with community support

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

[Fjell]

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 13/03/2014.
3. Based on Section 7, “Layer after Layer’, Bitmonero/Monero was successful when other Bytecoin forks weren’t because Monero was taken back by the community. 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, and they received 1.2 BTC in 2014.

[tony1999]

1. April 2012.
2. March, 2014.
3. The core devs or ‘core team’ are reasonably well known in the cryptocurrency community.
4. 1.2 BTC.

[Timbalasian]

April 2012

13/03/2014

Monero is successful because of the way the currency is developed; the core developers are reasonably well-know people, and that the code is checked.

1.23348604 BTC

[dazzles]

1. April 2012
2. March 2014
3. The core Devs were trusted in the crypto community
   4.It has received a total of 1.23348604 BTC ($42,541.37)

[ineffable]

1. April 2012

2. March 2014

3. They had a strong community behind.

4. 1.23348604 BTC

[jgentry]

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

2. Based on Section 4, ‘Indisputable Facts’, CryptoNote v.2.0 was actually released in March 2014, even though the whitepaper for it was developed during 2012 and 2013.

3. Based on Section 7, ‘Layer after Layer’, Bitmonero/Monero was successful when other Bytecoin forks weren’t because it had more transparency.

4. The post author leaves their Bitcoin address for notations. In 2014, they received a total of 1.200078494 BTC.