It is a fundamental human right that is explicitly stated in the Universal Declaration of Human Rights, the International Covenant on Civil and Political Rights and in many other international and regional treaties. Privacy underpins human dignity and other key values such as freedom of association and freedom of speech. And now, as we all can see, privacy is a head-of-state issue on the global stage.
Dictionary.com called 2013 the year of privacy and its protection. Yes, this year showed us a lot about our privacy and the forces hunting for our personal data. Today we actually know how hard it is to keep our lives safe and private. Body scanners that produce near-naked images of people; global programs spying for mails and phone calls; NSA agents in games and other virtual environments; private policies allowing companies to use your data for advertisements; systems controlling your funds flow; surveillance cameras every corner... If you stay quiet for a minute and you'll feel a chill on your skin - that's how Big Brother is watching you.
But if you have already started to build the guarded bunker for the skeletons from your cupboard, we have news for you. You may stop your building for a while and relax. Because 2013 also showed the world how to fight for rights and private lives without blood and shambles. Yes, it is all about the cryptocurrency and Bytecoin!
Some of you may say that decentralized crypto-monetary system with high anonymity level is not a panacea, but it's undeniably important step on the way to the better world. And if 2012 was the year when only few pioneers were brave enough to try this road, 2013 became the turning point and thousands of people all over the world have already done this first single step, starting "a journey of a thousand li" to the future.
Dear friends, now we are standing at the beginning of an entirely different era, but everything - our stable network, our large community, the whole our system - is ready for new challenges!
Fundraising in order to support important initiatives is still goes on at http://oelk72ntcrvzljfo.onion/
Support the Khanacademy
Already donated: 22,256,234.22150096 bytecoins
371 donations recieved
Support the TOR project
Already donated: 15,005,908.01056885 bytecoins
284 donations recieved
Support Machine Intelligence Research Institute (MIRI)
Already donated: 17,383,300.38915500 bytecoins
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Updated software awaits in the downloads section! It contains various optimizations and Win32-compatibilty ;)
MacOS binaries and blockchain are available in the downloads section. This version is fully compatible with MacOS 10.7, 10.8, & 10.9. Thanks to lemier & amphibian from Fantomcoin for the update.
We have released windows bundle with everything you need for a quick start. If you are new to our community, just download "Easy setup bundle for the beginners". It contains daemon, wallet, blockchain, and "run.bat" script file.
The script will install the blockchain, open the daemon, and generate your new wallet (or open an existing one).
Good luck and welcome!
P.S. MacOS version coming soon.
Bytecoin's network is stable again. Connectivity is back and hash rate is recovering to a pre-incident level. You may mine and make your transactions in a usual manner without any concerns.
We think one possibility of what happens is planned botnet attack on our network. Somebody tried to exploit the p2p protocol vulnerability and kill our TOR gateways. It may be the result of the recent Mt.Gox related events and somebody's wish to manipulate cryptocurrencies. However further investigation is needed.
By the way it was good stress test for the whole Bytecoin system. And we passed it with the highest marks! Bytecoin proved its reliability, our core developers demonstrated their ability to respond quickly to sudden problems, and all members of Bytecoin community showed a very good team work!
Some of us can remember that at the same time last year Bytecoin was like a little child doing his first steps. The system had been working less than half of the year and was far from being perfect. The first quarter of 2013 was the hardest time for us all, you know it. But then May-2013 started and brought the fresh blood to our community, new solutions and ideas for the old problems and finally became the turning point for the whole cryptocurrency world and for Bytecoin too.
We have done a lot since that time. We had grown even bigger then we could imagine last December. That's why we would like to thank all devs, teams' leaders and members, all people from the industry, individual miners and everybody else who believed in us, who supported us and worked over our common project!
All of you should know: today we are stronger than ever. We are full of hopes for the best, full of the brightest plans for the future and of strength for their realization.
In front of widespread talks about Zerocoin (ZC) we want to make a few notes about this tech and how it compares with our ring signature. Leaving aside cryptographic mumbo-jumbo, we will consider only consumers features.
First of all, let us boast our benefits. To spend a single zerocoin you should produce a signature sized of 30-40 KB. No alternative. It implies high user fees and blockchain bloating.Our system offers a user to choose his anonymity level and the size of his signature: 96 bytes or more. A conservative size about 500 bytes provides you almost the same practical level of privacy as ZC. Moreover, our solution relies on elliptic crypto, which works (in general) noticeably faster than RSA-based ZC.
Yes, the flexibility of our scheme has one hypothetical downside. As we said, a user can choose his level of privacy. While we believe that ambiguity degree "one of ten" (~500 bytes) for each transaction input is enough for practical untraceability, some may disagree and choose "one of all-possible-inputs" with huge-sized signature. ZC already hides your payments among all transactions with the same constant: 30-40 KB. It perfectly suits for a low transaction rate, but our linear-sized ring signature is asymptotically better: both for users' pockets and the blockchain size.
Another important note is about trusted setup in Zerocoin. In easy words the whole system is based on some secret values nobody should know (for example, this secret allows to make a double spend). How to acquire these values? ZC devs says: we can generate them and then "forget" OR we can implement the special algorithm to do in a distributed way at the system start (everybody know only his own part of the secret). The second option, of course, is preferable, but the problem of trust still remains: there is no way for new users to be sure they are not fooled by the early adopters, who has generated the secret values. As you guess, our system has no such trapdoors: every parameter is public, as in original Bitcoin. We consider this as a major advantage over ZC.And BTW we are already working =)