Bitcoin Forum

If BitBar is supposed to be a consolidation of crypto-coin value....how many Bitcoins are in a bar?

5?
25?
50?
100?
1k coins per bar?

What do you guys think?

I would like to see 100 :)

.000000000000001 BTC to 1 BTB


It's an altchain released about 24 hours ago with 0 dedicated services and no real purpose other than pump-and-dump. The only think keeping it's price up right now is mindless hype and insane speculation. Assuming this thread is a discussion of the "true" value of one BitBar, I say it is effectively worthless given current conditions since you can't actually use it for anything other than speculation yet.

An exchange is in the works.

I have high hopes for this coin.

You seem to spend a lot of time in the alt coin section bashing alt coins. Not trying to be rude but why are you here?

I agree. I've seen 3-4 members here who bash every alt coin. Litecoin, ppcoin, feathercoin... everything

most of them are scams and get rich quick schemes. they're not actually trying to do anything good. you have to create a coin for altruistic reasons and be very good at it to be on bitcoins level. which basically means you have to make improvements on bitcoin. improvements designed to make the world a better place. then you have to release it in an honest way with no premining. the reason most people create alt coins is because of greed and to make the creators rich.

think about why would someone make the reward 1/1000 of what it was 1 day ago. you think its rare? no it's not, at least it wasn't. somebody's already mined millions.

Total coin (bar) supply is a bit over 2500 now. In comparison, PPC was a bit over 2M on the first day, and so is feathercoin. I wager that probably no one has 1000 so far.

absolute # is meaningless. what counts is the rate of reward dropping.

PPC drops by 1/2 with every 16x (2^4) increase in difficulty, and this coin drops by 1/2 for every 64x (2^6) increase. So I believe it's a slower decay. If anything, the per block difficulty adjust somewhat dampens the effectiveness of premine, and also makes difficulty adjust faster compared to 4x per 2048 blocks (starting difficulty was still too low though).

"Decay" is probably not the correct incentive, hence I'd be more likely to support coins that grow in reward as hashpower increases (i.e. by sqrt of the hash). A couple of proposed coins have this feature.

So do I. Lots of good ideas

Equality basically hits the nail on the head:




It's hard to buy into this whole "changing the world and making it a better place" dialogue when 90% of the altchains that come out are thinly-veiled attempts to make a quick buck a few individuals at others' expense. It really saddens me to see this subforum in such a state where everyone's so excited about *yet another* currency with dubious improvements over Bitcoin bubble'ing to such a high price in such little time without any real support for it.

I like altchains. I really like what Litecoin, Devcoin, and Namecoin have brought to the table. Bytecoin and other branches which have literally added nothing new, on the other hand, I have extremely little respect for. Hence my "bashing" them.

but still...

how many Bitcoins in a Bitbar???

Market decides ;)

If we are the market..

How many Bitcoins in a Bitbar??

at current difficulty  should be something like 100-200 BTC per BitBar

1 BTC is 1 BTB.

As with anything in a free market, it depends what it's worth to somebody else. I exchanged 4 BTB for 1.6 BTC about an hour ago which is 0.4:1 (BTB:BTC). Others have got up to 0.5:1 and possibly higher.

I think this will be more accurate in the near future.

How rare is bitbar?

Last block reward: 0.149218

Bitcoin block reward: 25

Just do the math ;)

Apparently some people cant do the math correctly. I bet some would subtract or add. Lol

Ha ha ha,
again with the spam/scam reg. BTB, the most pointless and overvalued shit currently alive. (Well, alive for now)

Should've added that the block reward changes with difficulty.
If more people would mine BitBar the block reward would decrease.


You always have haters. But there are people who see something in the genius cryptocurrency: BitBar.

How many Bitcoins in a Bitbar?

No, the real question is more like
"How many many Bitbars in a Bitcoin?"

At current market rate, its 20 Bitbars in a Bitcoin... just the opposite of your initial post.

If you are the market and make the cost... feel free to place the buy orders and pay the appropriate pricing to drive up the price.

short term 20-100 BTC to 1 BTB  long term 100-1000 BTC to 1 BTB . this is not A lie or a poor excuse of someone trying to pump. This information is coming from Bitcoin elite and Butterflylabs and  avalon investors members. BTB was built to secure Bitcoin massive wealth. BTB is a safe net for BTC. And now all the trolls will talk crap about what i am saying but i don't care. they cant stop the truth

Trucoin, what the heck are you talking about? Did you forget to take your meds or something? I have always liked btb but this sounds over the top..

Oh yeah... 80% of coins were generated at the first day by only a few participants... Centralization of stake it's a great idea  :D

Seriously, guys... If you like centralization and trusted wallets so much, maybe it's better to use solidcoin?

0.000000001 btc in a bitbar

excuse me sir Your lack of foresight is showing!!! ;D ;D ;D

Well, seeing as:
-Market Price of BTB/BTC on BTER (https://bter.com/trade/btb_btc) is 0.13150
-Market Price of BTB/BTC on Cryptsy (https://www.cryptsy.com/markets/view/26) is 0.12
-On the very forum that is at the bottom of your signature (http://www.bitbars.net/bitbar-forum/?mingleforumaction=viewforum&f=2.0), the most recent posts in the exchange subforum (2 weeks ago) were selling 20BTB/6BTC, 12BTB/10BTC, 12BTB/7.5BTC
-The most recent posts in the MarketPlace section of THIS site (bitcointalk.org) with a search result for "WTS BTB" are listing prices such as 35/7.65.

(BTC-E, Vircurex, MCXNow, and Gox do not actively list BTB/BTC pairs.)

These very same facts, showing "short term", are pointing at a <1.0 price of BTC/BTB... not a 20/1 or 100/1 price as you allege.

If you have some facts to the contrary, facts that can be backed up by links and not just your own statements, feel free to post them... otherwise, your "factual" statements about short term value carry as much weight as my saying Hitler is alive on the moon, surviving on the green cheese the moon is made of, and is in a secret base along with Elvis and Kim Jong Il. As ButterFlyLabs Josh has said once: "Here's a quarter... go buy a clue."

As I have said before... If you truly believe that the market pricing should be the amount you are stating it is, I fully encourage you to go out and put your money where your mouth is, buy and sell until market pricing is where you believe it should be. I understand that your thinking is based around how much harder it is to mine 1 BTB compared to 1 BTC, but market values are rarely set by solely comparing difficulty to difficulty.

You should be banned.

Despite Trucoin, Bitbar will do just fine.  It will be around for a long time and the market will set the rate.  I think more people will become interested in Bitbar due to its rarity and security and the price will most likely appreciate.  Like all altcoins their future is uncertain, but I think Bitbar has unique characteristics that will provide it staying power.

Best message of the last time AHAHAH I've never read so much bullshit in a single post

Recent bullshit originators list:

* RealSolid
* Simran
* smoothie
* TradeFortress
* TruCoin

i think the question we need to ask ourselves now is how many bitbars in a barcoin?