Bitcoin Forum

Well, I want to make history here and buy 1000 TRC with cash. As far as I can tell from all my lurking here and elsewhere this hasn't been done before.

I want to pay in USD or AUD as I want to pay in fiat - not another cryptocurrency.

I want to use an escrow service for your protection as I know I am new here (please let me know of one which accepts small amounts).

I saw recently that no one accepted an offer to buy 1000 TRC for 0.1 BTC which is about $1.30 at current rates so I will pay more than this for 1000 TRC

Let's make history guys and start giving TRC a fiat value

I am really, really interested to see what kind of response I get and what you guys (the market) value 1000 TRC at.

Are you a miner? If so let's start stimulating the TRC economy! We have to start somewhere right? :)

TRC = 1.01 SC

Forgive my ignorance Smoothie - what is an SC?

Thanks!

P.S I am happy to arrange a Skype so you can see I am a real person :)

SC = Solidcoin

smoothie , this is the joke of the day.
+1.01 internets to you :D

Where's all the Terracoin at? The joke of the day is that people are mining it and no one wants to sell it!!!

I think we are holding out for ASIC and a free market. 1000 Terra coins takes a lot of time to mine with a reasonable rig. Reward is only 20 Coins per block. It's not like PPC where people could have MILLIONS of them and not mind selling for $1. Only people who have serious rigs and thus are foregoing a real profit mining Bitcoin have large numbers of Terracoins. Everyone else has only a few thousand. I make only about 200TRC a day- and in my mind it's definitely worth more then $1 a week. :-)

Hey Crazy Rabbit

Thanks for the response and enlightening me a little!

I would be mining myself but I am travelling at the moment so it is not an option for me.

I would pay you more than $1 for 1000 TRC!

Just out of interest what value would you place (in USD) on 1000 TRC at this point in time? (remembering the currency is in its infancy)

Maybe we can come to an arrangement?

As you say it already has a perceived value to the miners who spend their valuable rigs / time mining it ... and I just love the name Terracoins I mean how cool is that (finally a global currency with a global name!)

:-)

To be honest I'm holding onto mine. Its in it's infancy yes- but the protocol isn't: It's Bitcoin. It also takes all the new commits, so it gets updated with the main stream of bitcoin, meaning it's just as secure, just as robust, and works with the Bitcoin code that is already out there.

That said- what sort of value would I put on it? Me personally, I'd put a ridiculously high value on it: .50 Cents a Terracoin. I know it sounds absolutely ridiculous, but from my point of view, I either hold onto it for ages and build services like www.terrawallet.com or www.terracoin.info in the hopes that once ASIC hit's people will jump on it big time, or it's all been a waste of time. But it won't have been such a waste of time that it wasn't worth it for me to hold onto it- if you know what I mean.  Obviously, I'm not really up for selling.

I did buy 1200 TRC for 600 LTC not that long ago- to give you an idea how much I thought a 'good deal' was. So from that point of view 1000 TRC was worth at the time about $50 to me.

So you run Terrawallet and Terracoin.info? Much respect.

Myself I run a couple of websites and wanted to do my bit to start having TRC (as well as BTC and LTC) exchanged for goods and services online, and I'm just looking for a stash of TRC to get me started :)

Thanks for your assessment of value though, interesting ... ;)

I think that beginning to exchange TRC for cash, goods and services is the best thing anyone can do to give the currency a chance, rather than just hoarding them and "hoping" for the best. I respect your opinion though just my Satoshi worth ...

:)

I know what you mean. I think eventually when the hashrate is higher it will be worth while to have exchanges. Right now it's low enough to be potentially problematic if it had any official value. While I guess I am technically "hoarding", I'm also technically "buying" and I'm mining so I'm not totally a stone in the system. :-)

Best of luck to you good sir and yes buying is indeed an activity in the marketplace :)

I haven't checked out terracoin.info I'll take a look now - and if you ever want to offload some TRC at near current perceived market value let me know. Like I say I'll do good things with my TRC (do things that boost the value for everyone - I really believe the future is cryptocurrencies) :)

I don't get the appeal of pure bitcoin clones at all...

$50 for 1200 TRC? That's far more than 1200 bitcoins would have sold for in its infancy. Even when bitcoin was like a year and a half old it was worth much less than that, whereas TRC is hardly a few months old.

Isn't it fairly trivial to copy bitcoin code and protocol, do some rebranding, and start a fresh blockchain? In that sense there is really an infinite supply of TRC, since there's no limit to the amount of identical clones that can come out.

If the bitcoin experiment were to fail, there's at least a chance that some of the alt-coins that are substantially different might take its place. Or even if bitcoin succeeds, but not enough to control the entire crypto-currency market, the alt-coins that have certain advantages could be used to a certain extent in parallel with bitcoin. And even if bitcoin becomes the one and only cryptocurrency, at least alt-coin that work differently will teach us about how effective other approaches can be.

I just don't see the point of pure bitcoin clones and especially why some people assign any value to them at all. Maybe it's just because it's cheap and easy to acquire a lot of them, or maybe just a burning desire to be an early adopter and dreams of 100,000% returns like some early bitcoin adopters had. If it's neither of those, can anyone explain it to me?

maybe $0.03 USD

there are some advantages to a pure clone as all the open source code for BTC stuff will work for TRC very well (just need to assign the correct port etc) so most of the dev work has been done with trc

however yes adding something new to the mix can be good (PPC Proof of Stake) or (LTC faster confirm times, diff hashing algo etc) as it offers something new to the Crypto currency world, yet these can go wrong and chaines have to be re-started or abandoned....

Also the thing with TRC being a near direct clone of BTC, it does offer a new playing ground for a LOT of the blockchain protocalls that have yet to be incorporated in BTC, (kinda what devcoin and the testnet is for though i think, right?) but as TRC so similar to BTC the new elements can be played with without the risk of breaking BTC and upsetting quite a few people :P

just for info... 1000TRC were traded for 1btc on here in forums i saw...

and the differences of TRC and BTC:
TRC block reward = 20TRC
BTC block reward = 50BTC (at start:P)

difficulty adjustment:
TRC = 2 hours?
BTC = 2 weeks

I have also noticed in my %app_data% Terrracoin folder the file system is different to that of BTC so maybe the developers are foccusing on sorting out the blockchain speed update and storage, but this is just my speculation... as my laptop takes FOREVER to catch up with the BTC blockchain.

I'm kinda lite crazy_rabbit with my attitude to TRC, little hoarder (but willing to trade some at right price) and looking to see what happens once ASIC's hit and i am furiously working hard in the background trying to get some websites and services up for the Cryptocurrencies BTC's and ideally others... for example i run http://ppcointalk.org

2 minutes average per block

TRC retargetting occurs every 30 blocks (1 hour, at 2 mins/block average)

TRC coins are produced 2x times faster than BTC (20 * 5 TRC compared to 50 * 1 BTC, per 10 mins)


I already saw a few posts here about this (old threads, couldn't get my hands on them) :

TRC has been using btc development (unreleased) blockchain/storage code for a while (since it started?), this new directory structure / blockchain storage mechanism will probably appear in btc officials builds soon.

I guess it depends on what what you want to do. I'm not sitting around waiting for someone else to make TRC the next big thing, I'm curious to see if I can make it "the next big thing" myself. :-)

meh.. not necessarily.. difficulty is so low (930 currently) that 1 ghash = 435 TRC/day.

That said.. the holding out and see what kind of crap storm ASIC's create in the market is another story..


that and wondering if PPC/TRC becomes worth at least a little something (like > $0.01 each).. who wants to repeat the "5000 btc pizza"

Already been done here :)
https://bitcointalk.org/index.php?topic=122570.0;all

in fact psybits ... he's actually hungry again and u pay for the pizza, he sends u TRC :) sounds like ur person to speak to

I like every coin, but there is no value in terracoin. If terracoin can succed, then cryptocoins are dead, because every other guy in this forum, sooner or later, will start his own coin. Then, you have hiper inflation. If terracoin can live bitcoin can not.

I think there is only value in BTC because of its massive network and money allready sunk in ASIC, people wont turn off their ASIC so the net will survive for a long long tiem no matter what.

There is value on LTC because of the number of fans, and its hashpower, and because miners will switch to LTC when ASIC finally arrives.

There is value in namecoin becasue in a way allow for "free expresion" in the internet.

There is no value in a 51% protected coin, because if you can have one you can have 10000000 of forks. = Hyperinflation.

There is no value in other coin like bitcoin. Many "bitcoin-like" coins = inflation.

So if you buy or mine other cryptocoins you are basically destroying bitcoin then you are destroying every crypto currency. If bitcoin fails, the people will need a lot of time before they can trust and invest in another cryptocurrency, and the concept could be burried for decades. Think about it.

Just pick BTC, LTC, or NMC and have fun. Those who think they have lost the LTC or BTC train are wrong. Just do the math

BTC market cap is 140millons there are room for at least 10x actual price if bitcoin is adopted by few % of the commerce in internet.

In the case of LTC you could see 100x if LTC is finally accepted like BTC.

So we should be thinking how we can collaborate with cool products and services for the existings coins to make a better world and earn a descent amount of money making it.

Just the opinion of a guy on the internet, remember to have fun!

Maybe, but that a little like saying "if every country can have it's own currency besides gold, then there is no point to any currency". The world is a big place, as is the internet. There is plenty of room for plenty of things.

I have 900, I'll sell them to you for 3 btc.

BTW nethead offered me .3btc when I offered him the above, he claims to have done multiple transactions with members here of .4btc/1000trc I don't see any of these transactions, but if true you won't have been the first.  ;)

A simple correction, and yes its true. Hope the seller sees this and posts here :)
EDIT: Member is "Nolo", feel free to ask him about our successful transactions
Also underminer, please see the 2nd post of this page. TRC are still value-less and maybe forever be (I hope not  :P)

Seems a bit steep.

I have 1000TRC which I'd be willing to sell for 2BTC. PM me if you're interested.

Merry Christmas guys! If any one is feeling the Christmas spirit feel free to shoot some TRC my way (I want to set up some giveaway sites with a twist (the more people who have TRC the higher their value could be as they will want to exchange them for other things) and also a few other projects which I need some TRC to get started :)

TRC 1HAMgVei1dKe9vPmnUWS8hjkeRCspbe98Y

Also please PM with any reasonable offer to sell me some TRC if you like!

Peace and goodwill to all

Damn i was thinking i was the only one thinking to build a TRC faucet
Good vibes sent to you! Well maybe and some trc when i get home

1 Bitcoin.

Deal?

+1.02  :D

I'll sell 1777 TRC for 20 AUD mailed to me in the USA.

Thanks for the good vibes :) A faucet or something similar with TRC would be awesome I think.. I have a few original ideas (not just a basuc faucet)  ;D

Sent you a late christmas present :)

Hey thanks so much I really appreciate it!

 ;D

Long live Terracoins! (The cryptocurrency with the best name - hands down :)

No problem at all :)

There you go, good luck. ;)

Hey Phraust

Thanks so much - you will be remembered!

Feel free to send me a PM if you want a hand with anything web design related etc  ;D

Agreed! I've got some cool TRC projects coming up. A major upgrade to www.terrawallet.com.  Low difficulty means more coins! And unlike FRC, your TRC you mine now will still all be there two years from now. :-)

OK, just jumped on the FRC bandwagon, and trying to figure it out.  I'm struggling to understand this whole concept.  Say I have 10,000 FRC today.  They will eventually disappear? At what rate? 

4% per year from my understanding.

But that 4% is distributed to miners, so keep mining and you will be alright.

I guess?  :)

I think i heard 4.8% a year or so.

The idea is so that people dont just hoard it and it helps motiviate people to spend the currency and keep it moving. A moving currency is key for a healthy economy. http://en.wikipedia.org/wiki/Velocity_of_money

Except of course, you can just move it regularly between wallets (that you own) so that it never deflates. So the purpose is defeated.