Bytecoin is still kicking…


Just a quickie, before you throw yourself under the bus…

Today, I received a response to one of my blogs about Bytecoin. It was a link to a video, an audio actually, of an interview with the mysterious Jenny Goldberg. Goldberg is the new Community Manager, if we can accept this — of Bytecoin.

(Hi, Jenny.)

The connection seemed to skip or warble at times and Jenny herself, to an American, had a strange accent. I’m no ‘world traveler’ and I could not place it.

I also checked Reddit and the video was also posted there.

As some of you may recall, I often blog about various coins, especially the more anonymous ones, because I think at some point, many in the cryptosphere will actually desire a more secure and less public coin. Meaning, a cryptocurrency that is usable by anyone but not visible to everyone all the time — like bitcoin.

It’s a move simply waiting to happen. The developers have been gearing up for it.

In the mean time, there will be a large number of people who will desire the services of an anonymous coin network now. They come in several flavors of dishonest, but the bulk I feel, will be derived from the honest. Those simply trying to find a way to move and/or store value (money) in a place where others, including governments, cannot get to it.

Think on that for a moment. Let me name a few places. China. Russia. North Korea. The United States of Taxes. Cuba. Greece. Cyprus. Venezuela. Planet Earth.

The thing is, I don’t want people to get screwed. That’s why this video I mentioned is important to hear. First, do a little homework. Learn about Bytecoin. Determine for yourself, if Monero is simply trying bash a good system. And I have spoken highly of Monero in the past. Now I’m more neutral.

Secondly, make your own educated decision. Is Bytecoin good to use? Can you send value over the internet in a secure fashion, with Bytecoin. The quick answer is yes, you can. The system does work, but be fast about it. Transfer and get out of it as fast as possible — if you must use it at all.

You want to retain as much value as possible, after all. Let someone else take the risk of “holding” any cryptocurrency. It’s like holding a greased pig on crack cocaine, while drinking a beer and talking to your wife about painting the downstairs — again. It is nearly stupid, for now. Even bitcoin holders might find themselves in a world of poop, if the market decides that crypto is “old hat.”

I’m not saying to stop making money. Go for it. Spin that dial and laugh. I am. For now. Just know that the next idea is just around that dark intersection — where the bus is coming.

And listen to regular people. Too many times we gravitate to the news fed to us. I even cite them in my posts. This magazine or that financial expert. Know that in this vein, the blood that runs herein is not necessarily blue. The value if these things is transitory as hell. And the last time I looked, Satan’s Pit of Boiling Mud (think Yellowstone National Park) is still looking for permanent tourists.

And for the record, I’m curious as hell about NAVCOIN these days.

Have a good day.

Jack Shorebird

 

 

 

 

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Bytecoin and the PACIFIC_SKYLINE “Ghost”

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Source: Flickr

This is an open letter to: PACIFIC_SKYLINE

Dear Sir/Ma’am:

I don’t usually write letters to ghosts, but this time I’ve made an exception. You see, I figure that one of these days a Teto-Team member will have had enough. I hope that today is that day. That today, a Bytecoin Team member will have the bleeping bleeps to respond to this open letter. Just to clear the cryptosphere.

I’m not necessarily tearing down the Bytecoin tech. I hear it’s cool beans. Really cutting edge stuff and I know Monero is stealing some of your thunder. They’ve even updated their website as well as your tech. I’m sure you’ve noticed. Doesn’t that irk you?

On the other hand, I also see the pumps and dumps associated with BCN. Millions flowing in quickly — being laundered? I hope not — and millions flowing out at speed. I don’t see that as much with the other children of BCN (Bytecoin).

We users of the Bytecoin system are once again staring at the Bytecoin Team Members list on Bytecoin.org and wondering if you, Mr. Pacific Skyline, really exist. If you ever really lived at all or if you are merely a fiction. You are aren’t you? A fiction…

I do not mind that you use an anonymous name or handle — if you are real. I would, however, enjoy a word or two. Perhaps a Tweet or even a response to this post would suffice. Make one. I dare you. Go public right now.

Maybe you would care to read my previous post about “Neocortex,” a.k.a. Joseph Lin. Maybe you would rather peruse my post about the “Seigen” mysteries. It doesn’t matter. What matters is that you kindly respond. That you post something under your name on the Bytecoin website or that you just come forward here and tell us who you really are. Or tell us something else. Talk about the weather where you are. Do you own a pet? What is your favorite drink? Vodka?

In the meantime I will attempt to determine who you are. Attempt, little by little, to show the Bytecoin users that you probably do not exist. That you are indeed “hot air” as in the kind used in an aerostat you allegedly desire. And if you do exist, I humbly apologize for calling you a ghost. But if the sheet fits…

“Pacific_skyline devoted his life to developing the technologies that will help humanity to realize its full potential. Bytecoin is the basis for several projects under his supervision. Among the earthly things, he’s interested in aeronautics and plans to obtain his own aerostat.”

That is your description. It’s kind of vague. Once again, the immediate reaction I get is the wording weirdness. When it states:

“…devoted his life…”

…it almost sounds as if you are dead. It’s kind of past tense. You should have them change that. Unless you are dead, but the following words seem to hint that you actually live. I mean if you are interested in aeronautics that would mean you are alive or is there a subtle hint again. Your bio mentions…

“…earthly things…”

Is that a hint that you are spiritual in some way? Or is there another hidden meaning here? Are you deceased? Are you unearthly?

And this vague bit of enlightenment is a tad strange:

“…developing the technologies that will help humanity to realize its full potential…”

Humanity realize its full potential? Don’t you know how that sounds? It sounds as if you are not human or that perhaps your work is so fantastic as to enrich all of us. But that is a tall order my friend. It seems to hint that you have one heck of an ego.

How so? How will your plan help all of us? In what vein? What kind of full potential are we talking about? Augmented humanity? Better spreadsheet technology? Monetary freedom? How about some clarity and a little less B.S.

If Bytecoin is (or was) the basis for some of your projects, can you give us a hint about any of them? Do they have anything to do with aerostats? And why do we care if you like to play with hot-air balloons. More dead-end nonsense, right?

How about your profession? Project Manager is it? And you majored in Computer Science Management at the University of Washington? You have an M.S. in Information Management. Great. Was that from the Paul G. Allen School? Can you be a little more specific, because I can’t seem to find that degree department at U of W.

And where did you get that name? From the “Pacific Skyline Council” in Foster City, California? Are you a Boy Scout?

Maybe you are making a reference to the musical group?

Let’s go back to November 5, 2015, shall we? The last known blog post from you on the Bytecoin website. Here you explained how we can make our own cryptocurrency and how:

“…creator has vision.”

And other mundane things.  Again, as an English speaker, I note the odd usage of the written language.  Missing conjunctions. Typo’s. All of these seem to hint at a Russian dialect, in my view. Or perhaps a bad Google Translator package. Are you really “Black Sea_Skyline” then? Come on, gimme some “pravda.” (Truth.)

Need some examples — again? How about this one:

“The first example that jumps to mind is the inventor of transistor.”

Dear Pacific_Skyline, how about adding an extra “the” before “transistor.” Clearly, given all of these types of mistakes, you are not from the United States. Were you an Exchange Student? And why is it that all of you — the Teto Team — seem to make the same kinds of English errors in your blogs? Are you all the same person? From the same region of the world? I’m certain any professional linguist could tell us much about you.

“The development itself is time and labor consuming process.”

Correction: “The development itself is “a time and labor consuming process.” But it’s still weird, even after I correct it. It’s wordy. How about: “The development is time consuming and laborious.” Is there a report writer on your staff? I mean I’m no editor, but I think you need one.

And these glaring English usage patterns persist throughout your other articles as well. The September 6, 2015 blog post has them. The July 24, 2015 blog has more. And I could go on, but I think you get the picture. You are not originally American. Not by a long shot, but you never said you were. You did, however, imply that you were. And why?

So, Pacific_Skyline, your identity remains intact, but your words define you. A great tech, such as Bytecoin — even with its recent glitches related to mining — cannot hide your fake bios. It’s high time to clean out your garage.

On the conspiracy side of the house, I hope you are not an operative, Pacific_Skyline. I hope you are not part of the NSA or some Russian apparatchik. I’m betting you are not, however. I’m betting you and your team are what you say you are.

We’ll see.


Image Source: Flickr

 

 

 

Bytecoin Speculation

 

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Why is it that the Bytecoin Team seems aloof, almost disinterested in their own potential success? It does not appear that they are abandoning ship, based upon recent Github activities. Someone is updating.

And someone is adding news and blogs to the official Bytecoin.org website after many months.

Still, why the relative quiet, other than within their own forum?  That was, until its recent disappearance and reappearance.

After filling up with advertisements, and after yours truly advised them of such via their website, the Bytecoin Forum seemed to have taken a hiatus. Recently sometime around June 7, 2017, it was back up.

Now I understand the need for anonymity in today’s world. But such anonymity is a double-edged sword. Having cryptocurrency developers retain their privacy certainly keeps them safe from the overzealous government-banksters. (And yes, I’m sure there are good bankers out there — working in a bad environment.)

On the other hand, the Bytecoin Team must know that we the users get a bit antsy when we cannot “read the news” more often. Even if the news is slanted. Why? Because we can read between the lines.

In fact, Bytecoin.org, something seems amiss now that you are talking again. Has your “voice” changed?

Recently — May 17, 2017 — Bytecoin.org added a new blog entry. As usual, their blog was professional and polished or was it? Actually two entries were made. The blog and on May 19, 2017, a news piece. Both were clear, but rather brief. I’ll focus on the May 17th blog entry for now. It has a few oddities, if you read it closely.

First:

“Cryptocurrency market has been developing drastically, bringing more and more innovations to explore.”

That’s the first sentence of the blog. Who starts a sentence like that? Shouldn’t there be a “The” to start that sentence? Okay, no biggie. Let’s move on.

The blog was titled “Untraceable Tokens.” It implied that the cryptocurrency space has been innovating. That there is more to explore. Certainly this is true. Since Bytecoin came along, Monero was born and Bitcoin, as always is experiencing growing pains. And a thousand other cryptocurrencies have been born and have since faded in the no-trade zone.

A second oddity in the blog:

“…top ten token market capitalization value overgrowing $1.4 billion.”

Overgrowing? How about “exceeding” $1.4 billion. Again, this could be a “country” thing.

A third issue, that may just be me…

“…we promise to give you full detail in the upcoming posts.”

Full “detail?” Do they mean full “details?”

Say that with a Russian accent: “Comrade, sit in chair, give full detail in upcoming posts. Bytecoin is not Russian, this you must tell world. And KGB not overgrowing. It dead.”

A fourth issue:

“Further on we will keep you informed about the development process to make sure you do not miss the opportunity to be in the first line to emit your own untraceable Bytecoin based token.”

Is it just me again? “Further on?” Do they mean “from now on?”

And how about “the first in line” part? Do they mean “to be the first in line?”

I hear Russian accent, Comrade. No?

In any event, they state that Bytecoin has:

“…broken ground on developing a wallet-integrated solution that would allow anyone to create their own Bytecoin based token”

I mean, don’t we have enough tokens?

Or is this a bit of good news. An untraceable token to represent “assets” on the Bytecoin blockchain. Like Ethereum, in some respects — but more private and secure I gather. The fact that this token system will be wallet integrated is also curious.

Integrated into an easy-to-use wallet, like the one we have now or like the Ethereum system? With Ethereum there is a learning curve. I hope that Bytecoin’s innovations will be more user-friendly, however. Not a bloated giant.

The blog entry also teases us with another upcoming innovation — a new “feature.” We can only speculate here. It could be anything.

The last bit of information in the blog entry is the notification that we will be provided more information at some future date, so we can be the first to try their new token based system. Again, it is worded oddly to me.

Most of us may not need tokens, if we already have Bytecoin. Some, however, could use a token for creating in-house cryptocurrencies that are more secure and private than Bitcoin. The start-up costs might be minimal, if the backbone (Bytecoin) is already there. Also, more users would likely strengthen the backbone. As this occurs — if it occurs — Bytecoin would become more valuable. It is also possible that the tokens themselves could become more valuable than Bytecoin itself.

On the other “dirty” hand, adding tokens to the system might strain it, if the Bytecoin devs are attempting to create mammoth system. I hope they choose to make things modular, in this sense. So any bad “parts” can be replaced or rejected by users voluntarily.

We are teased further with this…

“Commencing countdown till the global ICO market revolution.”

Personally, I’d like to see a clock ticking down, but I get the picture.

Of course, ICO means “Initial Coin Offering,” but what coin or coins? Our own tokens we generate on top of the Bytecoin blockchain? Or their new tokens?

And what market? Token market(s)? Like all those tokens being added on top of the Ethereum Blockchain? Are these the “markets?” Are they talking about another market altogether?

When you think about that for a minute you have to wonder what type of organization would use a private, secure and untraceable token. Not banks. They must comply with regulations. Not investment houses, for the same reasons.

Individuals could use tokens they create, however. And yes, the bad guys too.

Suppose you live in China, for example. You’ve been trying to get your money out of the country for years, but can’t. All of your compatriots don’t trust most cryptocurrencies. They are traceable — much too public. Many of your friends know about Bytecoin, but they trust you, not some unknown system that has been ruthlessly attacked by bloggers and hacker alike. You then decide to create a token on the Bytecoin Blockchain that represents an asset. It could be gold, silver or some other property.

What is the end result of a token that cannot be traced to a sender or receiver? Monetary freedom? Gox in a box?

Don’t forget the flip-side of Bytecoin, however. Nobody is watching the fort. If your newly emitted tokens evaporate into thin air, oh well. At least with the public coins — like Ripple, Stellar Lumens or even Ethereum, you can contact a live human.

With Bytecoin? You can look at nice Bytecoin Team Memes. Hello “PACIFIC_SKYLINE,” do you really exist? How’s the water? Answer? Silence.

I do detect a note of odd grammar in this latest blog. It is as if the poster does not quite have a complete grasp of the language or is writing in a type of shortcut method. It could also be that the writer is not American — perhaps English is a second language. (I am American, but at least my grammar errors are obvious.)

And I am not an English teacher, but I argue with them regularly. They often tell me about my spelling errors on these blogs. But spelling is one thing and grammar is another. We can “hear” the subtle differences.

More ominously, maybe Bytecoin has been bought-out and the new owners are attempting to keep this fact quiet, Da?

Finally, maybe all the original “Team” is present. If that is so, please clean up your latest blog.

And talk to us.