Why Bytecoin is a shitcoin.

in #bytecoin7 years ago (edited)

Bytecoin was the first CryptoNote and is surrounded by shady people, pre-mine launch, etc... read up here: https://bitcointalk.org/index.php?topic=740112.0

To top it off, someone exploited the recent bug and they didn't roll back the offending transactions and just kept them in the blockchain: https://monero.stackexchange.com/questions/4241/how-does-the-recent-patched-key-image-exploit-work-in-practice/4252#4252

Monero inherited the original CrtptoNote code, but started with the new genesis block and a fair launch. In the first few weeks it was discovered that the original miner was purposefully crippled which was fixed shortly after... anyways, since 2014 monero had thousands of commits and 100s of contributors working on the project and has significantly diverged from the original CryptoNote code. There's a nice series of posts about the history:

https://www.reddit.com/r/Monero/duplicates/5h15rh/the_strange_birth_history_of_monero_part_ii/

~~~ embed:Monero/comments/5hvwu8/the_strange_birth_history_of_monero_part_iv/ reddit metadata:fE1vbmVyb3xodHRwczovL3d3dy5yZWRkaXQuY29tL3IvTW9uZXJvL2NvbW1lbnRzLzVodnd1OC90aGVfc3RyYW5nZV9iaXJ0aF9oaXN0b3J5X29mX21vbmVyb19wYXJ0X2l2L3w= ~~~


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Lucky me only got monero, no byte ^^

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Good points in this post. Interesting to see I'm not the only one that is thinking about this. The future is in blockchain. The issues is that people don't seem to care about the Trustworthiness of the current cryptos. This also happened in the internet boom. Besides coinmarketcap.com there is: https://www.coincheckup.com. The site that lets you check all there is to know about the team, product, communication transparency, advisors and investment statistics on every crypto.