The CryptoNote/Bytecoin Scam - Reading Assignment

Privacy Coins - Ultimate Course
#41

Though not quite as great in 2014 :man_shrugging:

#42

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

Bytecoin was released April 2012.

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

September 2013

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

Bitmonero/Monero had a strong community behind well known crypto developers.

4 - 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 1.200078494 BTC in the year 2014.

1 Like
#43 
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?

March 2014

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

Because the developers did know each other. That was not the case with Bytecoin.

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
#44

• April 2012
• 13.04.2014
• Because they were transparent, and the rest of other coins were just trying to deceive people.
• 1.2 BTC

2 Likes
#45

  1. April 2012

  2. March 2014

  3. According to this article Monero was successful due to the fact that their “core devs” are made up of people who are known and that due to the fact that there a a few of them plus others who are contributing code see’s them as being able to peer check each other.

  4. The author received 0.94382900 BTC, 1.00000000 BTC and 1.03341368 BTC in 2014

  5. Bytecoin’s claim that it had existed “on the deep web” for 2 years was not well received, because not a single vendor, user, miner, drug addict, drug seller, porn broker, fake ID card manufacturer, student who bought a fake ID card to get into bars, libertarian, libertard, cryptographer, Tor developer, Freenet developer, i2p developer, pedophile, or anyone else that is a known person - even just known on the Internet - had ever encountered “Bytecoin” on Tor . Ever. Nobody. Ha ha ha ha ha ha ha ha

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#46
  1. It was released in April 2012.
  2. March 2014.
  3. Because the “core developers” were well known in the cryptocurrency community and many people worked on the project.
  4. On 2014-08-16 12:08 he received 1 BTC
    On 2014-09-06 20:08 he received 0.2 BTC
2 Likes
#47

#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 of march 2014

#3 - Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
Because its backed by trustworthy and 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
#48
  1. April 2012
  2. March 2014
  3. Because of the know core devs
  4. 1.2 BTC
1 Like
#49
  1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?

Allegedly they released Bytecoin in April, 2012,

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

CryptoNote v2.0 whitepaper was created in March, 2014.

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

Monero was successful because of its transparency. It was transparent in the way the currency was developed, there was no pre-mine and most importantly the “core devs” were reasonably well-known people who were sanity checking each other.

  1. 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

2 Likes
#50
  1. April 2012
  2. March 2014
  3. Because of the community that supported it.
  4. ~1,2 BTC
1 Like
#51
  1. April 2012
  2. March 2014
  3. because their core developers were reasonably well-known people around the crypto-community
  4. up until May 31, 2020, the public key has received 1.23348604 BTC
1 Like
#52
  1. According to section 2 Bytecoin was released in April, 2012.
  2. CryptoNote v2.0 white paper was actually released on 13th March 2014.
  3. Mainly because Monero was backed by people who are well-known in the cryptocurrency community.
  4. 1.2 BTC
2 Likes
#53

  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?
    It was created in March 2014

  3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
    They lost credibility due to the fake accounts, the fake time stamps, and the 82% premining.

  4. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer)
    Total Received 1.23348604 BTC

1 Like
#54

  1. According to “The Alleged CryptoNote/Bytecoin Story”, ByteCoin was released in April 2012.

  2. According to the “Indisputable Facts” section, CrytoNote v2.0 was released in March 2014.

  3. According to Section 7 “Layer after Layer” Bitmonero/Monero was successful when other forks weren’t because Monero was forked from Bitmonero when the community rejected the original developer’s proposals. It was subsequently led by a team of reasonably well-known developers and contributors who sanity-checked and supported each other.

  4. The author received 1.2 BTC in donations in 2014.

3 Likes
#55
  1. April, 2012
  2. March 13, 2014
  3. The team behind Monero was well known, involved and active in a community and well respected. Other forks were created by untrustworthy individuals.
  4. 1.23348604 BTC
1 Like
#56

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

  2. Based on Section 4, CryptoNote v2.0 was released in March 2014.

  3. Based on Section 7, “Layer after Layer’, Bitmonero/Monero was successful when other Bytecoin forks were not because the community took over the project by forking away from thankful_for_today (an alleged CryptoNote dev) who apparently tried forcing his ideas into Bitmonero, the community forked into Monero. The present devs are known and respected.

  4. The author received 1.2 BTC in 2014.

2 Likes
#57
  1. April 2012
  2. March 13, 2014
  3. The developer team enjoyed credibility the crypto community.
  4. In 2014 this address received 1.2 BTC, an equivalent of roughly $600 at the time.
3 Likes
#58

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?
3/03/2014

  1. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
    monero was successfully because of the way they were developing the currency, and mostly because the “core devs” were made up of reasonably well-known people unlike cryptonote/bytecoin. There were round 6 or 7 developers, plus a bunch of other people contributing to the code, and that meant that they’re sanity checking each other.

  2. 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”

2 Likes
#59

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#60

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?
They had a number of reasonably well known, and more transparent developers who published their dev efforts on Github weekly so they built a level of credibility

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…

2 Likes