Bytecoin: Crypto Coin Daddy



Who’s Your Daddy?

To call yourself a news agency is one thing, but to push “coin” is another. A crack-cocaine dealer pushes cheap coke. A purported news agency ought to have the guts to wade into the honesty category now and again. It should not be a front for “iffy” coins, unless it does not mind being called on the carpet. Being exposed.

We all want to know: Is Bytecoin legit? Is Bytecoin worth it? Is Bytecoin a scam? These are all honest questions. Questions that continue to linger as Bytecoin advertising begins — again — to trickle into the internet.

This old line is really old: Bytecoin – anonymous cryptocurrency, based on CryptoNote.

On August 23, 2017, CryptoCoin Daddy released a “news” article, but like the blogs I hammer out, when I’m in the mood, the “Daddy” – a far more popular website than mine – dished out the good “news.”

Not so fast.

“Bytecoin BCN is the first crypto currency that is making its way in Temples in India.”

That’s how the blog begins. It then goes on to tell us that many temples in India are accepting Bytecoin payments. Great. But like someone reminded me yesterday, which temples are they talking about? Can they name one? Can we confirm one? Why would a “news” agency write such a piece, without a bit of evidence? Without a single source. No names. No exact places. No interviews. Just hot air?

Are they simply reporting what an Indian Bytecoin Community Manager told them or are they feeding us the line and helping to pump Bytecoin. I really want to know, because this BCN business is getting rather deep in the muck.

Let’s dig a little deeper.

Who are the CryptoCoin Daddy people? The ones who broke the story or got paid to write it? I’m glad you asked. ScamAdviser.com is a great resource. They give it to you straight. So, what does it tell us about the “Daddy?”

As of today, CrpytoCoin Daddy is 57 days old. In other words, it’s still suckling. It shows that the site is in the United States, but ScamAdviser says, well, it’s in India – maybe. Why are they not sure? Maybe it’s because the website is labeled as “slow.” Slow, but popular.

Additionally, the registered email address is a “free” one. A business with a free email address? Okay, I use a free email, but my website email (one I don’t use) is a pay address. I’ll give them this.

And it’s not so much that I hate new websites. I think newbies with such popularity are awesome. What bothers me is the lack of research. There are no caveats here. No concerns about the underlying coin. But are they needed? Should a blog report the past? Should a news agency, if it were a legitimate one, cite the potential problems? Or – should they just take the payment and print the “news?” Does a purported news blog have to tell the whole truth or are they just information pushers?

Information without substance is noise, but even noise droning on long enough can appear to be true. It’s almost like hypnotism. Say it enough and let the blogs clone it enough – well then – it must have substance, right? No. Not at all.


Ominous Parallels

About one month after CryptoCoin Daddy made its debut, Jenny Goldberg appeared on Reddit here. Coincidence? A one month old Redditor being treated like a money goddess. Are people that gullible?

Just in case the Reddit goes missing, here is Jenny’s statement – from @BCN_Official – about one month ago:

Dear BCN community,

My name is Jenny Goldberg and I’m the official BCN community manager

From this moment on, the official Bytecoin team will be making an effort to be more transparent to the community. We’ve been following all the activity in the community and we know you’ve been waiting for us to make a public statement. We see that there are lots of questions and we are now here to answer.

But firstly let me express my gratitude to all those enthusiasts who have made such valuable contributions to the development of BCN. We are so grateful for all the work put in by @Leogheo and BFB program team, @kinlakinla for the Bytecoin info page, @GaboCarranza and @sydney40 for Bytecointalk activity, @july for the Telegram channel, @boomworking for help with the design and @Camilo_Gil for your sincere appeal to our team. Thanks to the entire community for your trust and support even when you didn’t hear from us. Only with your support we were able to keep up our strength and continue working.

Just a few words about our history, Bytecoin is the first coin developed under the cryptonote protocol, but due to the fragmented nature of the community, BCN was forked a million times. You know that sometimes we were criticized for “slow development”, but the truth is that when the others were spending time on marketing, we were putting all our effort into enhancing the already existing cryptocurrency ecosystem.

In any case, we’re still here and we’re looking to grow. We would like to invite the best cryptographers, developers, bright minds and passionate hearts to join our BCN team to create absolutely new and exciting developments – get ready for the BCN of the new era. To ensure our success in this new era, we’ll need to support and trust each other and make our community even stronger.

Starting now, we are open for communication. Feel free to share your thoughts, bugs and features with us. Please send all feedback to contact@bytecoin.org and we’ll get back to you asap. We will do our best to bring the best ideas to life.

Let’s start a new chapter of Bytecoin together!

I put this all here to have a record. I want to refer to it in a couple of months (probably just days) when all the Bytecoin investors (bag-holders) wake up broke.

And if I’m wrong? Heck, I’ll own up to it. (Just remind me.)


In Other News

Bitnewsbot.com also carried the same story that CryptoCoin Daddy offered about a week later. On August 30, 2017, they gave essentially the same report. Bitnewsbot.com is a whopping 139 days old, according the ScamAdviser.com. They are out of Cyprus.

Bitnewsbot.com cited their news source as: CoinReport.net. This website, again according to Scamadviser.com, is based in the U.S, but the owner’s location is “hidden.” At least it has a better reputation and is over three years old. But where did they get their news?

Could it be from Crypto Reader? I found a reference on Google to an article about the temples in question, but when I clicked I got the big “404 Error.” Same deal though. Hidden owner, maybe from abroad – meaning not in the U.S. A site about 106 days old.

And the story has now been cloned over and over.


The Goods

If this story turns out to be false or over-blown, I have taken the liberty to cite the main ones for reference later.

Here they are:

CryptoCoinDaddy.com

Bytecoin now accepted in Indian Temples: Bytecoin added as a donation method in the Indian Temples

Bytecoin BCN is the first crypto currency that is making its way in Temples in India. They are now happy to accept donations in Bytecoin. This started when the Sikh gurudwaras in major cities of India started accepting bytecoin. Report says that the temples are happy accepting the donations in bytecoin. The cash generally sits idle with them which served no purpose. Being a non-profit organization, the government prohibits them investing the donation funds. By making use of Bytecoin wallet, they can benefit from price increase.

ByteCoin is a cryptocurrency where transactions are impossible to traceback. It allows very fast international remittances worldwide and sender remains completely anonymous as well. Biggest benefit neither donor nor temple has to pay any charges on the transaction. Temples in India today simply generate a QR code for their wallet address and send it to their follower’s community using Whatsapp, Telegram, Facebook and other instant messenger applications. It is further shared and spread among the community members. Now donors can easily scan the QR code using their phones and in the blink of an eye can send donations to the temple. For centuries mankind has been associated with some or other religion. No matter what race, color or ethnicity a human being is born, his or her brain start learning the religion from the very moment when parents thank’s the god. Religion has developed a like a belief system and where human capabilities fail, they have the option to resort back to God or Allah or Bhagwaan.

Donations are equally important for any religion to survive and flourish as religion is to human beings and in last few months Hindu Temples in India have found out a way to accept donations from their domestic as well as international followers. “Gupt Daan” (Anonymous Donation) was already considered a supreme deed in Hindu religion and ByteCoin, one of the most secure and anonymous cryptocurrency is making it possible for followers to donate to the temples from anywhere.

There have been times in the past when temples were in the constant fight with the science. There has been blood shedding from the religious institutions to stop or halt the scientific advancements but today technology has emerged as the biggest support to these religious institutions. CryptoCurrencies like Bytecoin are not only amazingly cost effective and fast option to serve your belief but also do not allow the distance to be a barrier between God & Followers.

(Retrieved 8/31/2017)

Bitnewsbot.com
“Bytecoin” 30 Aug 2017

CoinReport Temples in India increasingly accepting bytecoin donations

Temples in India are increasingly accepting bytecoin (BCN) as donation, according to a press release CoinReport received from bytecoin’s team, which received the news from BCN’s Indian community manager, Pundit Pawan Sharma.

The trend started with gurudwaras, which are places of worship in the Sikhism religion, in the cities of Delhi, Cochin, Madurai and Amritsar, says the release.

Temples are reportedly happy to accept bytecoin donations because cash usually sits idle with them, and being not-for-profit organizations, they are prohibited by the government to invest the donated funds. Bytecoin carries a liberation, as even if the temples save it in their wallets, they will see the price rise as others trade the digital currency on exchanges.

The biggest benefit that donors as well as the temples receive is no charge on the transaction. All that temples must do is generate a QR code for their wallet address and send it to their followers’ community using Facebook, Telegram, WhatsApp and other instant messaging apps. Community members share and spread the QR code with more followers.

Bytecoin is a digital currency where transactions are impossible to trace back. It enables very fast international remittances the world over, with the sender staying completely anonymous. “Gupt Daan” (Anonymous Donation) is already considered a supreme deed in the Hindu religion.

Hinduism is the main and majority religion of India, with over 79.8% of the population identifying themselves as Hindu, that accounts for roughly 966 million Hindus in India as of the official 2011 census report.

Images via the Logo Page of Bytecoin’s website

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Have a good day,

Jack Shorebird


P.S. For those of you leaving garbage responses, know that this is just a small blog. I don’t have many readers. I do this for fun and it sure is fun to watch your responses. The fact remains, however, when relatively new websites pop up — and I’ve been at this since Prodigy days, probably before most of you were born — to promote alleged news, Inquiring Minds want to know. That’s an inside joke. You probably don’t get it.

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