The Ugly Truth About Bytecoin

 


Why do they hide?

In my recent audio blog, I review some important aspects of Bytecoin. Things they — the Teto-Team and Jenny — don’t seem to want to talk about.

Audio blog: The Ugly Truth about Bytecoin

 

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So, Where is Mr. Bytecoin?


There’s no meat on these bones, but fish as you please.

Recently, within the past few weeks, maybe a bit longer, Bytecoin.org has attempted or is attempting to make yet another comeback. Not unlike the comeback kid. And since I’m an avid crypto-junkie, having immersed myself in this sphere of innovation since Satoshi was wet behind the ears, I figured that a bit of advice is in order. If you feel Bytecoin is without sin, stop reading this blog now.

Why do I care? In my last life I caught bad guys. It’s in my nature I guess — to keep after them. And when some jerk wise-mouths me, like DStrangeM from Reddit did, well then, he has it coming.

In my last life I gathered the evidence, took the statements, pointed the gun, cuffed the perps, dragged them to jail, went to court and bled the blood. Not in that order of course, but it irks me, to say it nicely, when a bunch of alleged cryptocurrency developers — or those purporting to be thus — have the gall to cry foul when any regular citizen (me) asks for a smidgen of proof. They whine and moan. Why do you pee on my pump, they scream? It is always the same. Then again, in the back of my mind, that little voice asks, could they be innocent?

A new name has surfaced on the Bytecoin Reddit: Jenny Goldberg. No bio offered. She’s the “Community Manager” and BCN_official, we are advised, as of sixteen days ago. Her name does not appear on the Bytecoin.org website that I can find. (As indicated in the comments below — Goldberg’s name does appear on the Bytecoin.org Contact Page, just not under the Teto-Team page.)

Goldberg is on Reddit and I’m sure she’s on Telegram and Slack, but that does not verify that she has anything to with Bytecoin original Teto-Team — if said team ever really existed. It’s not even close to a confirmation, even if she will (or someone will) respond to emails sent to Contact@Bytecoin.org — which is the listed email for the Bytecoin.org webpage. Too easy to buy and sell email addresses these days — and websites.

Jenny offered this under the heading “BCN_Official”:

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!

Source: Reddit

The only other Admin name on the Reddit for BytecoinBCN is our illustrious DStrangeM, who is a bit miffed at me today. (Hi, DStrangeM! I’m Danesjold on Reddit, by the way…) We are not even certain if DStrangeM is the DStrange, as is mentioned on the Bytecoin.org website. And does it matter anyway?

There are so many twists and turns.

From Bytecoin.org:

DStrange - Copy

Oh what a tangled web we weave when we practice to deceive.

And just who is DStrange or DStrangeM? Good question. But don’t worry, they/he/she — has your fiscal interests at heart. Are you certain?

The Bytecoin_BCN Twitter feed suddenly became active after nearly a year in slumber. How does that make you feel? There was an April 25, 2016 tweet then silence, until July 28, 2017. Announcements indicated that there was now a Telegram Group and a Slack Channel. The thing is, we really don’t know if these new groups have anything to do with the original developers of Bytecoin.

There is also the Bytecoin.org Twitter feed with tweets beginning on January 14, 2017. Why are there two feeds like this? Which one is official? Both? Neither? Half and half?

There is also the new Bytecoin Trading Community (Exchange). I found this out by accident. A Redditor advised me. (Thanks.) Anyway, according to Scamadviser, the site is 68 days old. It’s ownership is hidden, but what do we expect from a “secret” coin, right? For now the site’s reputation is pending. In other words, we will see.

A bad bit of news which continues to slow down any real progress, is the Poloniex issue. They are, for all intents and purposes, blocking BCN deposits and withdrawals. This has been going on for some time…over a month. (Longer according to Goldberg.) I’ve yet to hear a clear reason why, other than the recent mining issue, when extra BCN were created by a bad actor. Bytecoin did not rollback the blockchain to “unsteal” the coins. And I am uncertain now, if Bytecoin ever really fixed the flaw. I will need some expert, disinterested party to confirm this. (Not DStrangeM.)

What is my take on all of this, having spent decades bringing scum to justice? That these guys — that the people listed on Bytecoin.org as the Teto-Team do not exist. They never have. Prove me wrong. Come forward. Just one of you. I dare you.

I assert that the CryptoNote.org website is a farce. Has always been a front. But the code…is good. Now doesn’t that rankle your spuds? Again, if I am wrong, correct me. I will gladly print a retraction. I will be your biggest fan, if you can clear the “air.”

But I expect no answer. There are no men in the room. Only fluffy pony had the gumption. (Inside joke. If you don’t get it, get out of crypto, yesterday.)

So where is Mr. Bytecoin?

Answer: We must keep our identities secret, the governments are after us.

In those immortal words: “That dog don’t hunt.”

Have a spine.

In the end, which is where I hope all the noobs don’t take it, Bytecoin’s past is biting the heck out of their backside. Read a few more of my posts here. Surf the net and catch a few really stinky byte-fish, before you get caught, in what I believe will be yet another sucker’s rally.

Or chance it and prove me wrong.

But, unlike John McAfee, I will not consume my privates, if Bytecoin surges to the bitcoin spot or even gives Litecoin a run for the money.

Have a good day or night, as the case may be.

Jack Shorebird.

 


Note: This blog has been edited to reflect the comments through August 11, 2017.

 

 

Bytecoin: The DStrange Con?

Money Drain
Money Drain

If you need to boost your customer base, sell more goods — more crypto — what do you do? Hire a “PR” guy, right? Or pretend to hire one. I mean, on the internet one can create any number of what are called “sock puppet” accounts. Additional emails and user names for various social networking websites to make it appear as if many people are behind the scenes — hiding in the deep dark web — working hard to make things happen.

A bit of Bytecoin history that might be fiction is in order to help us understand the Bytecoin outlook. A short re-hash. In any event, it makes for a good story.

The personalities in this space are colorful, but think of cardboard cutouts. Think of characters in a book — a book of fiction. Think about keeping your money while you are at it. Even if the Chinese own Bitcoin, maybe you’d better just wait and see who owns Bytecoin.

I have often wondered what it is that has brought me here to the Bytecoin.org doorstep. It’s the mystery of course. The not knowing. It bothers me. And maybe that’s the lure or the pull, if you will. Is it a marketing method? No, I doubt that. I doubt that all of the mystery surrounding Bytecoin is meant to make us feel protected — secure in our monies. Our crypto. No matter how great the code may be, there are simply too many red flags to ignore.

The mystery is what it is. A lack of information which has led to multiple inquires going back since at least 2012. Now ask yourself what kind of people do not want you to obtain information about them? Are they the crypto-saviors or just the opposite? Scammers — criminals — or at the very least unethical developers bent on fast profits and a slow exit?

The point is, when some of us smell a rat or a bunch of them — even if they are living in a palace of fantastic code-cheese (that’s a slight reference to “Cheesus” — a mod on the Bytecoin Forum as well as BitcoinTalk) — well, we investigate. And I may have praised certain aspects of BCN in the past, but now is the season — once again — to hunt. To hunt and to make crypto-enthusiasts aware that scammers are alive and feasting — have been — for years in this “Wild West” environment. An environment where cheap cryptos entice the buyers, who only later discover that the shear number of BCN coins prevents any giant pumps. And that is just as well, since quick profits are just as easy to come by as quick losses.

Take DStrange. A character. A fiction? Yet another pseudonymous ghost. A Bytecoin promoter — who rarely promotes. You’ll find him listed under the Teto-Team at Bytecoin.org. He is a recent member, allegedly. Meaning he came after the rest of them. If you peruse the Bitcointalk forums you will find a trove of information which dovetails with the Bytecoin developers, going back to 2014. You will find argument after argument, accusations fly — and always the Bytecoin Team loses. DStrange loses. Rias loses. Cheesus loses. They are never able to explain why they — or Bytecoin — chose certain “dark” paths. Why Bytecoin essentially made the lion’s share of the coins for themselves, under optimal conditions.

Why is DStrange so curious, however? Because few people have ever had any contact with the Bytecoin Team. There’s a load of theories and maybe I will explore some in the future, but for now I’d like to focus on DStrange. Apparently, if you have questions, he might help. Maybe Cheesus will too. Praise the Lord! If he is still around.

We can see on the Bytecoin.org website — if true — that DStrange is a public relations guy with a major in Management / Psychology. He has a Master’s Degree in Management, from Erasmus University in Rotterdam — in Europe.  Rotterdam is in the Netherlands, for those who may not know.

And all of this is “academic” as they say. Why? Again, DStrange is not likely David Miller — and he probably never attended Erasmus. Naturally, if I’m wrong, please — oh please — correct me. Show me the evidence and the error of my ways; and I will retract these accusatory words.

DStrange recently joined the team in a high action. Besides public relations DStrange develops further Bytecoin applications for business.

This is what Bytecoin.org offers us by way of a short bio — regarding DStrange. We can see that not only is DStrange a public relations guy, but he is also a developer of Bytecoin applications. Again, we must take this on faith. Oh, and ask politely for a single example of an application created by DStrange. Just one.

If we go back to the BitcoinTalk Forum to May 16, 2014, we can find an exchange between DStrange, who is also listed as David Miller, with an email address of Dstrange.m@gmail.com — and the Bytecoin Team. If you check the email address of DStrange on this verification service, you will see that DStrange’s Trust Score is 7.25. By comparison, my Trust Score for my email address (jgshorebird@gmail.com) on the same service, is only 5.5. Maybe it’s because this is not my primary email address.

DStrange’s trust score is much worse on BitcoinTalk, however. User fluffypony (Riccardo Spagni) of Monero fame, has even linked the user rethink-your-strategy’s post detailing the Bytecoin scam. (Warning: the writer is pissed.)

At any rate, DStrange is one of the few people who will actually answer the phone, so to speak. I’ve confirmed that at least he does respond on Reddit. His user name there is DStrangeM — again, if it’s not a sock puppet account.

At this point, if DStrange ever reads this blog, I’d like to ask him to tell me if he lives in the Netherlands (Holland?). It is interesting that ScamAdviser.com gives us a 2% chance that the Bytecoin.org website is in the Netherlands. Is that a result of DStrange’s influence? Or is Bytecoin hidden there?

Smooth (developer at Monero and AEON) — a well known and respected user on the BitcoinTalk Forum and many others — has leveled many allegations against DStrange and other Bytecoin Team members. And against the early code itself. One important factor was addressed on May 17, 2014, as DStrange and others were posting in support of Bytecoin.

Smooth posted:

The “optimizations” are fairly absurd. They are better described as de-un-optimizations. The straightforward implementation of the algorithm is the optimized one, not the other way around. You’d have to go out of your way to make it as slow as it was. Several highly qualified people have commented along these lines already (ignore me, I don’t know what I’m talking about).

If we look at the latest round of de-un-optimizations, most of the history of the bytecoin premine comes down to just 4-8 PCs. Or a somewhat larger number over a shorter period of time. Really, that’s all.

This one post by Smooth (above) is perhaps the most challenging for the Bytecoin team to explain. Why would they “de-un-optimize?” Logically, to grab the lion’s share of BCN early on. Is that a bad thing? I mean it was their baby, right?

Now think about that for a moment. If they used the extra money to develop the coin, since the price has surged of late — probably just speculators — then they could have plowed some of it back into R&D, right? Has the money ended up in the Cayman Islands or Panama instead? We don’t know. Why? They don’t talk much and when they do — they do not ever appear to defend themselves from all of the accusations. They have, as Americans put it:

Refused to incriminate themselves in any public way.

And the history of a thing cannot be undone. It has been years, but no reliable information has surfaced about Bytecoin (BCN). It has, in no uncertain terms, staunchly refused to explain all of the inconsistencies related to the launch of Bytecoin — the premine, the apparent falsified White Papers, the assertion that the “blockchain” verifies the launch date — and the list goes on. Until that time, until Bytecoin can remove the stench from it’s hidden launch, I might continue to regurgitate these forgotten memories in an effort to dissuade or at the very least, to make users extremely cautious about BCN.

It’s high time Bytecoin Team. If you have any guts, show us the money.

 


Image: Flickr