Bitcoin Forum

Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: BARR_Official on October 25, 2015, 12:22:16 AM



Title: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on October 25, 2015, 12:22:16 AM
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BARR - Burning Altcoins for Redemption & Reduction

Raising the BARR by Reducing Supply

The Only Source for BARR-Certified Altcoin Offset Credits

1st Coin using Multi-Proof-of-Burn

Launch date November 1, 2015


http://barr.me

NXT Asset I.D. 7823929696462256005

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http://barr.me/wp-content/uploads/2015/10/cropped-barrlogo2text.png


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Burning Altcoins for Redemption and Reduction is a new cryptocurrency on the NXT Asset Exchange.


BARR is only earned via Proof-of-Burn, in exchange for altcoins which are permanently destroyed via burn addresses.  
Our goal is to absorb entire altcoin networks and their users,
burning their coins,
redeeming those coins with BARR,
and reducing the total number of altcoins on the market.

Burning BARR for OFFS gives us a further purpose.  
Please see https://bitcointalk.org/index.php?topic=1233350 for details about OFFS.



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Just as burning bitcoins makes all remaining bitcoins more valuable, burning entire altcoins will make all remaining cryptocurrencies more valuable.  

We believe that the altcoin market is stuck in a fatal loop;
BARR is designed to disrupt that self-destructive cycle and eliminate resource-hogging redundancy.

As BARR absorbs more coins and more users, it will grow stronger as the crowd of altcoins grows weaker.  Multi-Proof-of-Burn means the higher the price of BARR, the more altcoins we can afford to "buy out".

There will be no IPO, no ICO, no Pre-Sale, and no funds set aside for the devs.  BARR is only distributed to people who burn their altcoins - We distribute it for free, but no one can get it for free.

We do not handle anyone's altcoins, because users send their coins directly to burn addresses and prove their burn by sending us the transaction ID.  Then we send them an amount of BARR equivalent to the amount of altcoins they burned, at the predetermined rate of exchange.


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Full Transparency


See the list of our team members, and community representatives from our launch coins, at http://barr.me/who


Burn addresses for each altcoin we've burned can be found at http://barr.me/what



Although NXT Assets and the NXT Asset Exchange are decentralized,
it is not possible to fully run a project like BARR with the current state of decentralized technology.
 Even if we coded all future altcoins for redemption into a client,
it would be necessary to make constant changes over the next few years as altcoins constantly get delisted or stop working.  

At best we would have to hard-fork every month to set the current rate of exchange and make adjustments as to which coins will be accepted,
which amounts to the same thing as relying on developers at every stage.  


So, until such time that the technology exists to run BARR as a fully decentralized project,
we will provide full transparency in every way possible.  


Although there are limitations to the voting system at bitcointalk,
we will offer votes to decide which coins will be redeemed in future burn exchanges.  
If less than 100 people participate in a vote,
or if the vote appears to be manipulated,
we may need to decide based on response from the BARR community and the communities of the altcoins we burn.  


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PLEASE NOTE:

BARR does not burn or destroy other people痴 coins;  that would be impossible.
It is up to the holders of these coins to burn them, and only if they choose.

BARR is not an attack on you or other holders of your altcoin,
because only you and other holders of your altcoin can burn your coins.  

The choice is yours,
and any holders who choose to participate in BARR redemption are voting with their coins when they send them to the burn address.


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Who benefits from BARR?  
Holders of good coins, holders of bad coins, holders of struggling coins, and holders of BARR.


  Holders of good coins benefit when bad coins are destroyed, leaving more money on the market available for the good coins.

  Holders of bad coins benefit when they burn their coins in exchange for BARR, turning their liabilities into liquidity.

Holders of BARR benefit when the market bands together against the never-ending plague of altcoins;  buying BARR is a Vote of No Confidence in Altcoin Business As Usual.

   If BARR offers an exchange for a struggling altcoin and the altcoin痴 supply is only partially destroyed, then that coin and BARR can both benefit.  BARR can gain users and adopt the value of the absorbed coins which were burned, while the altcoin can continue with a higher value no longer struggling, due to its reduced supply.  In this case BARR has still served its purpose, transforming a bad coin into a good coin.


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Instead of adding another altcoin to the market, we're subtracting altcoins from the market.
BARR puts an end to pumping and dumping, because coins that no longer exist can never be dumped again.
If you think there are too many altcoins on the market, buy BARR and help destroy those coins.

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WALLETS



BARR coins are sent and received from your NXT wallet if you致e never used NXT before, just try it.  We think you値l be impressed.


To download the NXT client, visit http://NXT.org.  (The installation is relatively simple, but it takes a while for the blockchain to sync.)

With the NXT client, you can send, receive, and trade, all inside the wallet interface.  
That includes NXT, BARR, and any other NXT asset as well as any currency on the NXT Monetary System, such as Nautilus.  


To use an online wallet, visit https://wallet.MyNXT.info  (Requires purchase of their Asset plug-in for 1000 NXT)


Or to begin trading BARR instantly with a NXT passphrase, visit http://skynxt.github.io/www


To trade with NXT within the SuperNET Lite client:
https://nxtforum.org/lite-multigateway-releases/supernet-lite-v2-0-7-beta/


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There is no ICO, but we welcome community contributions in the following ways:  

 - - Buy the accepted altcoins on exchanges and burn them for BARR, or burn the altcoins you already have.
 - - Buy BARR from people who have earned it by burning their altcoins.  
 - - Dump your altcoins into our buywalls, and we'll burn them.


We will attempt to provide buy support across all exchanges, hopefully with community help, to allow liquidity for these coinswaps.  Whether your sell your altcoins to us on exchanges, or burn them and sell us your BARR, we want to take away the weight of that bag you've been holding.


IMPORTANT:  Although the announcement of a BARR "buyout" has the potential to influence the market prices of these altcoins, please trade at your own risk and remember that our buywalls will disappear at the end of the burn period (if not before).  You can continue to hold your altcoins, gambling on the chance that the price might rise, or you can take the guaranteed BARR and forget about those other coins forever.


BARR isn't about buying altcoins on exchanges, it's about redeeming people's altcoins when they burn them.  When a coin hardforks to a new blockchain, the main holders of Altcoin2.0 are the people who were already holders of Altcoin1.0 - in the same way, the main holders of BARR will be the people who already mined and held these altcoins.  The reason we plan to support the price of these altcoins with buywalls during swaps is to maintain the value of the BARR being exchanged for the altcoins.  If the altcoins we're redeeming become available too cheap, then BARR becomes available too cheap.  That would defeat the purpose of people swapping for BARR, since they need to swap for something of value.


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Multi-Proof-of-Burn as a long-term method of coin distribution

As the life of BARR develops, we hope to see the true benefits of the Multi-Proof-of-Burn innovation.  The price of BARR acts as the "difficulty" in a unique way that has never been seen before:

 At launch, you can earn 5,000 BARR for burning 10,000 KEY.  But as BARR gains more users, the difficulty the price will hopefully rise.  In the future, if BARR has a higher price, then burning 10,000 altcoins might only bring you 500 BARR.  Or 50.  Or 5.  In this way we hope to have a curve of emission over time similar to a PoW coin with frequent block halvings, which could allow us to continue buying altcoins indefinitely as we approach the maximum supply without ever reaching it.

Visit http://barr.me/how for details of how the "block halving" is scheduled, with an estimated 7,500,000 BARR to be in circulation after 4 years.

Total supply is set at 10 million BARR.  All existing coins at launch must stay in the burnfund until exchanged for burned coins.  


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Coins destroyed by BARR as of December 10, 2016:

 
FRAC 333,978 coins burned out of 1,003,589 = 33% of FRAC coin supply
KEY 285,067 coins burned out of 946,902 = 30% of KEY coin supply
XAI 336,561 coins burned out of 690,460 = 48% of XAI coin supply
LYB - 378,591 coins burned out of 985,344 = 38% of LYB coin supply
ACP - 1,135,048 coins burned out of 2,793,664 = 40% of ACP coin supply
UIS - 17,025,663 coins burned out of 36,874,815 = 46% of UIS coin supply
BUN - 11,120,369,000 coins burned out of 88,975,662,768 = 12.5% of BUN coin supply (excluding charity funds)
BSC - 2,079,346 coins burned out of 5,544,449 = 37.5% of BSC coin supply
CHC- 2,029,696 coins burned out of 11,387,208= 17.8% of CHC coin supply
XAP - 67,882 coins burned out of 269,477 = 25% of XAP coin supply
CAGE - 9,605,167,227 coins burned out of 93,796,631,167 ~ 10% of CAGE coin supply
BARR 305,356 coins burned out of 1,301,599 issued  = 23% (self-burned BARR, sent back to the burnfund)
OFFS - 15,000 coins burned out of 295,305 issued = 5% (permanently destroyed)



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NXT Asset I.D. 7823929696462256005
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http://barr.me/wp-content/uploads/2015/10/barrapplogoround.png


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 25, 2015, 12:24:08 AM

INSTRUCTIONS AND RULES FOR BURNING YOUR ALTCOINS IN EXCHANGE FOR BARR


Step #1:  Before sending your coins to the burn address, make sure you're burning one of the coins accepted during the current burn period.  

Step #2:  Before you burn your coins, message us at Bitcointalk and tell us which coin you're burning, how many coins, and your NXT address.   (If your NXT account has never received a transaction before, also include your Public Key)  

Step #3:  After you have burned your altcoins, message us again with a copy of your previous message, and add the transaction ID of your send to the burn address.  

This allows us to verify on the blockchain that you have actually sent that amount of coins to the burn address.  
Telling us before you do it will prevent anyone else from watching transactions and claiming that your burned coins came from them.  
There is no way to prove who sent an unclaimed transaction, and any disputed or unclaimed burn transactions may not be redeemed if we cannot determine who burned the coins.  So message us and claim your coins before you send them.
If you split your coins into multiple smaller transaction IDs, we will wait until all transactions arrive at the burn address and verify that they add up to the total amount you had requested.

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Anyone attempting to pass a fake transaction ID or previously used transaction ID will have their bitcointalk account and NXT account permanently banned from participating in all future BARR altcoin redemptions.
 
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The initial burn period may require a minimum exchange of 50 BARR per transaction, to reduce spam and because each transfer costs us 1 NXT.  That means you must burn a minimum of 100 FRAC, 100 KEY, 66 XAI, or 50 BARR.

Newbie Bitcointalk accounts may be held to a minimum of 500 BARR, to prevent spam from sockpuppet accounts.

The minimum may be reduced for future burn periods according to the difficulty, or it may be waived on an individual basis if spam is not a significant problem.

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We will strictly enforce the cutoff of the burn period at one minute before Midnight, 11:59PM or 23:59 UTC/Greenwich Mean Time on the final day of the burn period.  (That's 7:59PM in New York during the summer, and 6:59PM in New York if it's winter.)

If you have not sent us the txid showing your send to the burn address by 23:59 UTC, you will not receive BARR.  

We will attempt to maintain buywalls on exchanges through the end of the burn period, and any coins sold to us after 23:59 UTC will be burned for BARR and that BARR will be re-burned by sending it back to the burn fund.  

If our buywalls are depleted before midnight on the final day of the burn period, and you are able to buy a million billion coins for 1 satoshi, we will honor them at the set rate of BARR if you send them by 23:59 UTC but one minute later and you will get nothing.

 So please stop buying the altcoins well in advance of midnight, and do not burn any coins after 11:59PM unless you consider it a donation.  Because we池e serious about the cutoff.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 25, 2015, 12:26:17 AM
Our goal is to burn at least one altcoin every 30 to 60 days.  Our options of which new coins we can afford to burn, and how many, and how often, will depend on the price of BARR.

To vote for which coin we will burn during the next period, send BARR to our Market Fund with a message attached indicating the coin you're voting for.  1 BARR = 1 Vote.  Voting ends at 00:00 GMT on the 1st of each month, and burns are currently scheduled from the 14th to the 28th of each month.


Swaps for burned coins will be done at a fixed rate - we will announce each coin, its exchange rate, and the period for which the offer will be available.


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Burn Period #1, November 1 to November 30, 2015:

   Fractalcoin (FRAC) at .5 BARR per FRAC (2 FRAC for 1 BARR), with a buy-support target of 5000 satoshis per FRAC on market
  Keycoin (KEY) at .5 BARR per KEY (2 KEY for 1 BARR), with a buy-support target of 5000 satoshis per KEY on market
  Sapience (XAI) at .75 BARR per XAI (~1.33 XAI for 1 BARR), with a buy-support target of 7500 satoshis per XAI on market
 - - Burning Altcoins for Redemption and Reduction (BARR) at 1 OFFS per BARR (1 BARR for 1 OFFS), with a buy-support target of 10,000 satoshis per BARR on market



The burn address for Fractalcoin is FVAiSujNZVgYSc27t6zUTWoKfAGxc8CEW5

The burn address for Keycoin is K7D9JtQxx7rRoWGu6szLpeFQKhbSzyUbC8

The burn address for Sapience is AFmseVrdL9f9oyCzZefL9tG6UbvhPbdYzM

These burn addresses can be verified as unspendable because they return a hash with a long string of zeroes.  




The burn address for BARR is NXT-HD9P-ZTPP-EHFJ-59VUC

This is the address for the Burn Fund, and coins are removed from circulation by sending them here.  They cannot be re-sent until they are re-earned with another proven burn transaction of altcoins.  


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Burn Period #2-A, December 1 to December 30, 2015:

 - - ACP Anarchists Prime at 05 BARR per ACP (20 ACP per BARR) with a target price on market of 600 satoshis per ACP

 - - Wild Card:  LYB Lyrabar at .5 BARR per LYB (2 LYB per BARR) with a target price on market of 6000 satoshis per LYB

 - - BARR for OFFS at .9 OFFS per BARR (~ 1.111 BARR per OFFS) with a target price on market of .00012 BTC (12,000 satoshis) per BARR



The burn address for ACP is 1111111111111111111114oLvT2

The burn address for LYB is LKDxGDJq5fF4FohAB8zJH24mDDNHDNtqsE

The burn address for BARR is NXT-HD9P-ZTPP-EHFJ-59VUC


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Burn Period #2-B, January 1 to January 30, 2016:

 - - To Be Decided


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PLEASE NOTE:  In case of emergency, double-spend attack, stalled or forked blockchain, block explorer failure, or other disastrous unforeseen circumstances that may interfere with our ability to conduct burn exchanges, we may end the burn period early.  So if you're planning to burn your coins for BARR, don't procrastinate.


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Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 25, 2015, 12:27:49 AM
Coins currently eligible for future burn exchange:




8BIT   8Bit, current supply   384,141  Cryptsy wallet offline?
ACOIN   Acoin, current supply     1,134,479
ACP   AnarchistsPrime, current supply      2,005,302  Already Burned
ANAL   AnaLCoin (Analyst Coin), current supply   193,330
ARG   Argentum, current supply   4,616,820
ASN   Ascension, currenty supply     18,918,064
AUM   Alexium, current supply   20,261,106
BITS   BitStar, current supply   19,209,785
BITZ   Bitz, current supply   1,968,041  Involved in their own coin burn?
BLC   Blakecoin, current supply   8,277,653
BOB   Dobbscoin, current supply   3,784,240
BRC   Biebercoin, current supply   398,000,000
BTM   Bitmark, current supply           972,520
BTQ   BitQuark, current supply   4,065,118
BUN   BunnyCoin, current supply     98,379,567,190
BVC   Beavercoin, current supply    2,739,368
C2   Coin2.1, current supply   114,081,891
CAGE   CageCoin, current supply   99,213,298,394
CAPT    CAPTcoin, current supply   20,316,619
CAT   Catcoin, current supply   2,579,399
CCN   CannaCoin   , current supply 4,654,701
CDN   Canada eCoin, current supply   86,457,854
CESC    CryptoEscudo, current supply   599,431,700
CETI   Cetuscoin, current supply   51,44,790  blockchain doesn't move
CHC   ChainCoin, current supply   9,500,000
CKC   CheckCoin, current supply   18,643,020
CORG     CorgiCoin, current supply   96,478,598,893
CRAIG   CraigsCoin, current supply     30,075,746  Cryptsy wallet offline?
CRAVE   Crave, current supply      743,103
CRW     CrownCoin, current supply    5,702,170
CRYPT   CryptCoin, current supply   6,025,858
CTO   Crypto, current supply   2,399,729
CYC   ConspiracyCoin, current supply   12,599,427
CYT   Cryptotokenz, current supply   76,456
DARK    Darkcoin (FUDcoin), current supply   13,100,000
ELC   Elacoin, current supply   522,834
EMC2   Einsteinium, current supply    257,784,320  
EMD    Emerald Crypto, current supply   15,953,772
FCN   FantomCoin, current supply   3,096,654
FLAX    Flaxscript, current supply   ?
FRAC    Fractalcoin, current supply    1,003,589  Already Burned
FRK   Franko, current supply   538,510
GLC   Globalcoin, current supply   64,122,209
GLOBE   Global, current supply    90,319,000
GRN   Granitecoin, current supply    24,685,500
GRS   GroestlCoin, current supply    60,513,599
HAL   Halcyon, current supply   2,639,366
HAM   HamRadioCoin, current supply   6,723,768
HVC   HeavyCoin, current supply    88,821,881
KEY   Keycoin, current supply  946,902   Already Burned
KGC   KrugerCoin, current supply     137,295,857
KORE   Korecoin, current supply   1,831,127
LKY   LuckyCoin, current supply   19,307,160
LOG    Woodcoin, current supply   7,832,545
LTCD    LitecoinDark, current supply   78,894,060
METAL   MetalCoin, current supply   77,988,654
MIN   Minerals, current supply   4,657,629
MUE   MonetaryUnit, current supply   73,810,799
NEOS   NeosCoin, current supply   7,492,775
NKT   Nakas (NakamotoDark), current supply   88,623,755
OMC   OmniCoin, current supply   11,015,213
PHS   PhilosopherStones, current supply   3,192,868
PIGGY   New Piggycoin, current supply   476,910,923
PKB   ParkByte, current supply   4,657,629
PRC   Prospercoin, current supply    3,000,000
PTC   PesetaCoin, current supply     154,626,004
PXC   PhoenixCoin, current supply   39,244,500
QSLV    Quicksilver, current supply    3,484,622
RED   RedCoin, current supply   72,153,041
SBC   Stablecoin, current supply   22,789,581
SHELL   Shellcoin, current supply   19,414,096
SKC   Skeincoin, current supply   13,800,000
SMC   SmartCoin, current supply    20,013,365
SOON    Sooncoin, current supply   12,395,580
TES   TeslaCoin, current supply   65,269,617
TGC   Tigercoin, current supply   42,924,141
TOP   Topcoin, current supply   29,110,268
TRICK   TrickyCoin, current supply   7,550,000  Dead?  Yobit wallet offline
ULTC     Umbrella-LTC, current supply   1,529,920
UNB    UnbreakableCoin, current supply    2,270,700
UNIC    Unicoin, current supply   2,399,374
VIOR   Viorcoin, current supply   4,941,654
VIRAL    Viral, current supply   5,350,280
WBB   WildBeastBitcoin, current supply    658,740
XBC   BitcoinPlus, current supply   77,448
XAI   Sapience AIFX, current supply    690,460   Already Burned
XCASH   Xcash, current supply    2,457,531
XCO   X-Coin, current supply   11,259,216
XDP   DogeParty, current supply      2,678,188
XJO   JouleCoin, current supply   23,442,400
XSI   StabilityShares, current supply   9,178,749
      


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Please let us know of any objections or reasons why any of these coins should not be accepted.

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Please note that a coin may lose eligibility if its network stops working, if it is delisted from all exchanges, or if its block explorer goes down.  
Because of the temporary nature of eligibility, we cannot decide on future coins too far in advance.  The price, total supply, and network status of each coin is subject to change at any time, so the coins for each burn period will have to be decided shortly before the burn period begins.  



Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: EBK1000 on October 25, 2015, 12:29:13 AM
Can you burn BARR for BARR?


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 25, 2015, 12:29:38 AM
Wild Card Burns


If we do not agree that a coin needs to be burned, but it is requested for burn by the community or its own devs, we may choose to burn it as a Wild Card.  Even though we think it痴 a good coin, we値l burn it anyway and see what happens.  Maybe it痴 not as good as we think, and we could end up destroying the entire coin.  Or maybe the coin will continue with a reduced supply and come out stronger.


Wild Card coins will be treated as a separate category in addition to the standard burn periods with a regular burn, we honestly believe that we can burn a coin痴 supply and get rid of it.  If we don稚 think that痴 possible or desirable for a given coin, we will make it clear that it is a Wild Card and falls outside the normal rules of BARR redemption in 2 ways:

 #1 The exchange rate.  Standard burns offer an exchange rate that is favorable enough to be accepted by the majority of a coin痴 users, to give them incentive to burn their coins for BARR.  But for a Wild Card, if we don稚 feel that there is a reasonable chance of destroying the entire coin, we may offer a lower rate of exchange.

#2 Our personal supplies of these coins, if we have any.   In a standard burn period, we will offer buy support for the altcoin being burned, and we will burn 100% of the coins we buy on market or otherwise hold.  We don稚 want to be stuck with these coins after the burn period ends.  But for a Wild Card, BARR devs may choose to keep some of our personally-held coins.  However, the BARR Burn Fund and the BARR Market Fund will always participate in burns and burn any altcoins they acquire, even for Wild Cards.
For all standard coin burns, we pledge to burn 100% of the altcoins under our control.  We do not want to give the appearance of a conflict of interests in any way, and that is why we want to make a clear distinction between our standard burns and any Wild Card burns.


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Coins currently under consideration for Wild Card burns:

NYAN NyanCoin

LYB Lyrabar  Burned

UIS Unitus

BOWS BowsCoin

BTA Bata

MRY Murraycoin

OC OrangeCoin

KOBO KoboCoin

BSTY GlobalBoost-Y

OPAL OpalCoin

1CR  1Credit


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 25, 2015, 12:38:32 AM
Since our goal is to remove altcoins from the market, we will not offer burns on coins that are already dead or delisted from all exchanges.

We will not offer burns on coins that have high block rewards, high staking rewards, or which would otherwise easily be able to regain the supply after we burn it.

We will not offer burns on coins that are less than 6 months old, and we will not burn any coins released after 2015 unless we start running out of older eligible coins.  

We cannot offer an exchange for a coin that has a higher marketcap than the value of the amount of BARR allocated for the current burn period difficulty level.  

We cannot offer burns on coins that do not have a working block explorer, as we need to verify each burn transaction.  We also need to verify the total supply, as CoinMarketCap痴 figures can be inaccurate if the official block explorer is down.

Centralized control or checkpoints could be problematic, as burn transactions could be reversed or rolled-back.



The following coins are not currently eligible for burn redemption, but may become eligible with a working block explorer, or if other disqualifying factors are corrected:

Ineligible Coins:


ADD   AdderalCoin    - Deliberate ninjamine with all 1,000,000 coins mined in a 1-day Pow period
007   007Coin    - No explorer
42   42 Coin    - Only 42 coins
2BACCO   2BACCO    -  Too new, already delisted from all exchanges
ABC   Asset Backed Coin    - Only traded at Yuanbaohui, may not actually be backed by assets
ABY      ArtByte (AppleByte)        - Marketcap too high for now
ADN   Aiden    - No explorer, problems with syncing?
AGS    Aegis    - No block explorer, dead network?
AIB   AIB    - Investment bond?  99% premine?  No block explorer
ALF   Alphacoin    - No block explorer
ALN   Aliencoin    - No explorer?
AM   AeroMe    - Problematic because Cryptsy is still selling the old version of the coin, Bittrex has the new one
AMC   AmericanCoin    - No block explorer
AMS   AmsterdamCoin    - Too new, only at Yobit
ANI   Animecoin    - No exchanges?
APEX   ApexCoin    - No explorer?
ARB   Arbit    - Huge premine/ICO, huge percentage of supply is held by 1 Bittrex user (dev?)
ARI   Aricoin    - No explorer?
ASC   AsicCoin    - No explorer, too many coins, and we suspect it might be mined with ASICs
AU    AurumCoin    - Delisted from CoinMarketCap because it was only traded at AllCoin, which is offline  
AXIOM   Axiom    - Too new, too many coins still being generated, delegates
AXR   Axron    - No explorer
BANX   BanxShares    - Only traded at its own exchange, 100% premined, majority of coins still held by devs
BAT   BatCoin    - No explorer, too many billions of coins still being generated
BCENT   BitCent    - No block explorer, dead coin?
BCF   BitcoinFast    - Maybe if we could get an accurate figure for current supply
BCR   Bitcredits    - Dev is working on a new update
BCX   BattleCoin    - No block explorer
BDSM   BDSM    - ANN says 6.9 million coins, block explorer says there are already 11 million;  merged with FETISH?
BELA   BellaCoin    - No explorer but would be eligible otherwise
BEN   Benjamins    - No explorer
BET   BetaCoin    - No explorer, default wordpress frontpage in Chinese (滴ello World! - Mr Wordpress is in English)
BIOS   Bios Crypto    - Too new, only at Yobit, but otherwise might be eligible
BITB      BitBean          - Marketcap too high for now
BITS     Bitstar          - Marketcap too high for now
BLU   BlueCoin    - Blockchain is forked, wallet crashes
BNB   BnB Coin    - ICO, only listed at Yobit, no explorer
BOD   Bloodcoin    - Too new and only at Yobit, but otherwise would be good
BOLI   Bolivarcoin   Too new
BOT   Botcoin    - Too new, delegates
BQC   BBQCoin    - No explorer?
BRE   BREAKcoin    - Too new, only listed at Yobit
BRIT   BritCoin    - No explorer, no posts for 11 months, no markets while AllCoin is down
BTB   BitBar    - Blockchain forked, Cryptsy is on a different chain from everyone else?
BTCRY   BitCrystal    - No block explorer
BTCS   Bitcoin Scrypt    - No explorer, and they're in the middle of changing the coin's name
BTE   Bytecoin    - No explorer?
BTG   Bitgem    - No explorer, only 2 pages of posts in 11 months, advertised as no premine but had instamine, 50% of total supply held in 1 wallet?
BTX   BitcoinTX    - Too much PoS rewards;  may not be the same thing as Bitcoin with a TX added
BUK   CryptoBuck    - Updating and checkpointing soon
CACH   CacheCoin    - No explorer
CAID   Coinaid    - Too many coins and 60% stake rewards
CAIx   CAIx (CaishenCoin)    - No explorer, but would be eligible if the blockchain keeps running and wallets can sync
CARB   Carboncoin    - 15 billion coins, no posts in 2 months, suspicious richlist?  Do they know that CO2 is good, plants need it to live, & all forms of life on Earth are made of carbon?
CASH   Cashcoin    - Cryptsy wallet not working for an extended length of time?
CBIT   CryptBit    - Too new, ICO, delegates, no explorer
CC   CyberCoin    - High PoS, too many coins
CCN      Cannacoin          - Marketcap too high for now
CENT   Pennies    - High PoS, trillions of coins, Keylogger virus in the wallet?
CF   Californium    - Relatively new, no explorer, can't be withdrawn from Bittrex?
CFN   ConfessionCoin    - Might be eligible if it was listed on any exchange
CGA   Cryptographic Anomaly    - Would be eligible with a working block explorer
CGN   KolschCoin    - Relatively new, relatively large premine, unknown current supply, delisted from C-Cex?
CHA   Chancecoin    - No block explorer
CHAO   23 Skidoo    - Unknown current supply, is crazy
CHIP   ChipCoin    - Too new
CINNI   Cinni    - No explorer, coins converted to Stakecoin but Cryptsy still selling the old coin
CIRC   CryptoCircuits    - Too new
CLR   Copperlark    - No explorer, may be too heavily manipulated by pumpers, only 5 pages on the ANN in over 2 years
CLV   CleverCoin    - Maybe when it's a little older and dev is less likely to hold significant percentage of premine
CNC   CHNcoin    - First block halving is still over 2 years away, too many coins
CND   CannabisDark    - Delisted from all exchanges?
CNL   ConcealCoin    - No explorer, bitcointalk topic hasn't had a post for 11 months
CNO   Coin(O)    - Unknown current supply, no block halving, 2% premine still held by devs?
COL   Colossuscoin    - Not an actual cryptocurrency?  Only held at Cryptsy, no blockchain, cannot be withdrawn, and coin has been re-launched as CV2?
COMM   CommunityCoin    - No explorer
CON   PayCon    - High PoS
COOL   CoolCoin    - Block explorer hasn't moved in over a month, network not running?
COV   Coven    - No explorer, only at Yobit
CPC   Capricoin    - Too new, crazy premine held by devs at Bittrex, ANN still hasn't made it to Page 2
CPN   CompuCoin    - Delisted from all exchanges?
CRACK   CrackCoin    - No explorer
CRC   CraftCoin    - No block explorer
CREVA   CrevaCoin    - ANN topic barely has 1 page of responses, unknown total supply, apparent huge premine & instamine?
CRT   CRTCoin    - No explorer, only traded on its own exchange Nix-e?
CRY   CRYcoin    - Unknown current supply, no block explorer
CS   CryptoSpots    - Relatively new, no explorer, wallet problems, confusing distribution scheme, delegates, Yobit
CTM   ContinuumCoin    - No explorer, too many coins?
CV2   ColossusCoinV2    - High PoS
CYP   Cypher    - Currently under community takeover, dev is holding the coin for ransom and demanding 2.5btc?
CZC   CzechCrownCoin    - Explorer says last block is 5 months old, 50% premine, no posts in 8 months, different coin from CZE CzechCoin
DBL   Doubloons    - No explorer, blockchain problems?
DCR   DeltaCredits    - Too new, devs are supposed to buy them all back and burn them anyway
DETH   DarkEther    - Admitted 哲inja Launch
DIBS   Dibbits    - Too new
DICE     NeoDICE         -  - Marketcap too high for now
DIEM   CarpeDiemCoin    - Explorers are down, will check back later
DIG    Digit     - No explorer, no exchanges
DIGS   Diggits    - 100% premine ICO, dev bought all coins himself, traded with himself for volume, then dumped from .05BTC to .00000025?
DIME   Dimecoin    - No explorer, too many coins
DON   Donationcoin    - No explorer, but otherwise might be a good Wild Card
DOPE   DopeCoin    - NSFW, promotes illegal activity?
DOT   Dotcoin (KimDotCoin)    - High block reward, too many coins yet to be generated
DP   DigitalPrice    - No explorer, 25% daily interest?
DRKC   DarkCash    - No explorer, only 1 post in 11 months
DRKT   DarkTron    - Too new, no block explorer  
DRS   Denarius    - No explorer, delisted from all exchanges
DRZ   Droidz    - New, ICO, over half of total supply in 5 addresses
DSB   DarkShibe    - No block explorer
DSH   Dashcoin    - Cryptonote coin, no QT wallet, burn addresses don't work
DT   DarkToken    - 2% PoW, 98% premine, and no explorer
DTC   Datacoin    - No explorer, only at Bter, no forum posts in over a year
DTC   DayTraderCoin    - No explorer, very little forum activity ever?
DUB   Dubstep    - Too new, ICO, no explorer, no wallet available for download?
DUCK   DuckDuckCoin    - No explorer, already delisted from all exchanges?
EBS   EBOLAShares    - Network broken, coins can't be sent?  No explorer anyway.
ECC   ECCoin    - Too many coins?  (19 billion)
EGG   Eggcoin     - No explorer, increasing block rewards instead of decreasing, delisted from all exchanges?
EKN   Elektron    - No explorer
ELP   ElephantCoin    - Unknown current supply
ELT   Electron    - Delisted from all real exchanges, but has an explorer and otherwise might be good
ENRG     Energycoin       - Marketcap too high for now
EPY   Empyrean    - Borderline too new, already delisted except at Yobit, and no block explorer.  But otherwise would be a good candidate, 100% PoW, no premine, low block reward and very low supply.
EQM   Equilibrium    - No explorer, no exchanges
ERM    Ermiscoin    - 100% premine ICO, no explorer, blockchain problems, and delisted from exchanges
EUC   Eurocoin    - No explorer, no posts in 18 months
EXC   Extremecoin    - No explorer
EXCL   ExclusiveCoin    - No explorer, blockchain issues, update/big news coming
EXE   Execoin    - No explorer, wallet and blockchain problems, mining is being exploited out of control
EXP   Expanse    - Too new
EZC   Ezcoin   No block explorer, but otherwise might be eligible for burn redemption
FAIR   FairCoin    - Marketcap higher than we can afford for now?
FETISH   Fetish    - Need clarification on whether this coin has been merged with BDSM;  it's still listed and traded separately?
FFC   FireFlyCoin    - 2 explorers, but unknown current supply
FIC   Full Integrity Coin    - 1.44 Million coins generated every day
FIMK   FIMKrypto    - NXT clone, normal burn addresses won't work, only traded at CCEDK
FIST   FistBump    - Too new, no explorer, only listed at Yobit, no connections/dead network?
FJC   FujiCoin    - Not sure, any opinions?  Lots of coins,small but dedicated group participating on forum, 50% of coins in top 4 addresses, hashrate and difficulty may be exploited despite Kimoto's Gravity Well?  
FLAP   FlappyCoin    - Explorer works, but probably too many coins and too many still being generated
FONZ   Fonziecoin    - No exchanges?
FRDC   FreedomCoin    - Too new, only at Yobit
FRC      Freicoin          - Marketcap too high for now
FRSH   FreshCoin    - No block explorer
FSC2   FriendshipCoin2    - Only listed at Bittrex (constantly subject to delisting) and Bittrex distribution chart shows that it's mostly held by 1 person
FST   Fastcoin    - Lots of wallet/blockchain problems
FUNK   Cypherfunks    - High block reward, 1 billion per year
FUTC   FutCoin    - Current supply 5.9 million, premine 2.4 million
GAIA   GAIA    - Just delisted from Bittrex?  No exchanges?
GB   GreenBacks    - Blockchain forked?  Cryptsy wallet offline for months?  No posts in 90 days
GCN   Gcoin    - Too many coins?  Billions of coins stolen/lost at askcoin.net?
GDC   GrandCoin    - Too many coins?
GEN    Genstake    - Too new, already had a takeover
GENI   Geniuscoin    - Only at Yobit, blockchain problems, million coins per day & half go to masternodes?  
GHC   GamerholicCoin    - No explorer, not much posting activity, some controversial accusations
GIVE   GiveCoin    - No explorer, currently planning its own coin exchange
GLYPH   Glyph    - No explorer, but listed at Cryptsy and 2,295,268 coin supply?  Do wallets still work?
GME   GameCoin    - Dead?
GOOD   GoodCoin    - Already delisted from all exchanges, and no block explorer
GP   GoldPieces    - Explorer about to expire, Bittrex about to delist?
GRAV   Graviton    - Borderline too new, might be eligible if there was a working block explorer
GRE   Greencoin    - No explorer, no exchanges?
GREXIT   Grexit    - Too new, no block explorer even though it's still new and should still have support
GRF   Graffiti    - Still too new, but will be eligible if it stays listed and explorer stays running.  20,020,676 coins.
GRT   Grantcoin    - Over 99% of supply held in dev premine fund?
GSM   GSMcoin    - No explorer, something about mobile phones, only at Bittrex and under delisting notice
GSY   GenesysCoin    - Too new, only at Yobit
GUA   Guarany    - No block explorer but otherwise could be good
GUE   Guerillacoin    - No block explorer?
GUN   Guncoin    - No explorer?
HEDG   HedgeCoin    - Too new, no block explorer, delisted everywhere except Yobit
HEX   Heisenberg    - No explorer, too many coins, Million-coin superblocks
HIRO   Hirocoin    - No block explorer, too many coins generated with no halving
HLC   HellasCoin    - Website has fake virus popup attack.  And no markets and no explorer.
HNC   Helleniccoin    - Claims to be legal tender in Greece?  Controversial?
HTML5   HTMLCOIN    - No explorer, too many coins
HUC   Huntercoin    - No explorer, supposed to be human-mined but mined by bots?  Is the game fun?
HUGE   BigCoin    - High block rewards
HUN   Hundredcoin    - Huge premine, block rewards never decrease, could be eligible if we run out of coins to burn
HZT   HazMatCoin    - Dead, no wallet?  No exchange except Yobit, no activity
IBITS   iBITS    - Too new
ICASH   iCash    - New, only at Yobit, Marketcap too high for now
ICB   IcebergCoin    - At least one keylogger virus found in the wallet;  may be only the tip of the iceberg.  (Dev account was hacked?)
ICN   iCoin    - No explorer, only at Yobit?
IEC   Ivugeo Evolution Coin    - Backed by gold, centrally controlled?  Markets heavily manipulated?  
INFX   Influxcoin    - Too new but might be good when it's older
IRL   IrishCoin    - Too many coins still being generated, first block halving is still months away
ISL   IslaCoin    - Too new, might be eligible later
ISR   Isracoin    - No explorer, no active markets
IVZ   InvisibleCoin    - Too new, ICO/premine, no explorer
JKC   Junkcoin    - No explorer, no posts on ANN for over 2 years?
JUDGE   Judgecoin    - No explorer, your honor
KARM   Karmacoin    - Too many coins  
KDC   KlondikeCoin    - No explorer but otherwise suitable
KNC   KhanCoin    - Too new, no available information, no posts in 2 months, centrally controlled?  7,800,000,000 premine but only 59,000 available supply?
KTK   Kryptkoin    - Delisted from all markets, no explorer
KUMA   Kumacoin    - No explorer, only listed at monatr.jp?
LAB   Coinworkscoin    - No explorer, no bitcointalk ANN?  Wallet and blockchain problems?
LDOGE   LiteDoge    - New, too many coins
LEA   LeaCoin    - Relatively new, too many coins still being generated
LEAF   LeafCoin    - No explorer
LEO   LEOcoin    - Only traded at its own exchange, no bitcointalk ANN
LFO   Local Family Owned    - Too new, 10% premine plus 4 days of instamine before bitcointalk ANN.  And no explorer.
LGD   LegendaryCoin    - Delisted from Cryptsy because of suspected hidden coin generation?
LIMX   LimeCoinX    - Too many coins, no block halving?
LIT   Lightcoin    - Delisted from all exchanges, explorer doesn't work, name is too original
LSD   Lightspeed    - No explorer, only 2 posts in the past 12 months
LTB   LiteBar    - All 3 block explorers are down, would be eligible with an explorer
LTD   LimitedCoin    - No explorer, only at Yobit, only 64 coins
LTS   LiteStarCoin    - No explorer
LXC   Librexcoin    - Famous for being heavily manipulated, too many coins may be held by devs or pump groups?
LYC   Lycancoin    - Too many billions of coins being generated with no reward halvings anytime soon
M1   Supply Shock    - No explorer, no exchanges
MACRO   MacroCoin    - Too new
MAD   SatoshiMadness    - Too new, too many coins, only at Yobit, but has a really fun comic book in the ANN
MAPC   MapCoin    - Too new
MARYJ   MaryJane    - Explorer hosting expired, seems to have active development and community involvement, so possible low participation for burn redemption.  Possible for a Wild Card.
MCN   MonetaVerde    - Cryptonote so burn addresses won't work, no posts in over a year, explorer says total coins 462,000 but there are 1.8million on market at Poloniex
MCZ   MangoCoinz    - No explorer, is listed on a fake exchange, has a 奴 at the end
MED   Mediterraneancoin    - No explorer
MEM   MemeCoin    - No block explorer
MEOW   Kittehcoin    - No explorer
MMC   Memorycoin    - Explorer shows no blocks being found, no posts in 5 months, controversial
MNC   Mincoin    - No explorer
MNE   Munne    - Undecided, any opinions?
MNTA   Moneta    - No explorer, but would be eligible otherwise
MOTO   Motocoin    - Generates too many coins, designed to be human-only mined, but mined by bots?
MRC   microCoin    - Owned by the Alcurex exchange?
MRS   Marscoin    - Explorers can't find active connections?  Explorers still haven't been to Mars?
MTLMC3   Metal Music Coin    - Official explorer has 0 connections, Cryptopia explorer has 5.  Forked?
MTR   MasterTrader    - Only about 1% of supply is publicly available, successfully 51% attacked?
MWC   MultiWalletCoin    - Multiple coins held in the same wallet, will regular burn addresses work?  Probably, but we need to make sure
MYR      Myriad          - Marketcap too high for now
MYST   Mysterycoin    - High PoS, no explorer
MYSTIC   Mysticoin    - Too new, only at Yobit
MZC      Mazacoin         - Marketcap too high for now
NAN   Nanotoken    - No block explorer, dead?
NBL   Nibble/Nybble    - No block explorer
NEC   Neocoin    - No block explorer
NIRO   Nexus (Coinshield)    - There's a link for an explorer, but it doesn't have an explorer there?
NKA   IncaKoin    - Too many coins, 100% stake interest
NMB   Nimbus    - No block explorer, dev was robbed by bandits in Brasil
NOBL      Noblecoin          - Marketcap too high for now
NOC   Nocturna    - Too new
NODE   Node    - Explorer down, wallet sync problems or blockchain stalled?
NRB   Noirbits    - No explorer, 6 different ANN topics, impossible to know what's going on
NRS   NoirShares    - No explorer
NTR   Neutrino    - No explorer, no markets?
NTRN   Neutron    - Borderline too new, High PoS, too many coins still being generated, already had a take-over, 3 different ANNs in 3 months
NXE   NXE    - Relatively new, no block explorer, dead markets
NYC   NewYorkCoin    - Explorer down, too many coins
O2O   020LondonCoin    - Too many coins?
OK   OKCash    - High PoS
ORO   ORObit    - No explorer, no markets, no bitcointalk ANN?
OSC   OpenSourcecoin (Ocoin)    - No explorer
OZC   Ozziecoin    - Country coin, Huge premine/ICO, over 50% of supply still being sold and called free distribution
P7C   P7Coin    - Bitcointalk ANN deleted because of virus in the wallet?  No explorer, only sold at Yobit
PAK   Pakcoin    - Too new
PARA   ParanoiaCoin    - Too new, unknown current supply/premine percentage, no explorer except at C-Cex
PHO   Photon    - No explorer, no real exchanges
PHR   Phreak    - Too new, no exchanges?
PLANET   Planetcoin    - Relatively new, no block explorer, only listed on Yobit and no volume
PLC2   Polcoin    - Does have an explorer in Polish, but only listed at its own exchange Bitorado?
PLNC   PLNcoin    - No explorer, only listed at Bitorado
PLS   PLAY    -  Some kind of BitShares thing, problematic distribution
PMP   PreminePlus    - Has an explorer, 1,106,193 supply, but delisted from all exchanges
POLY   Polybit    - Too new, huge premine/ICO, already delisted from all exchanges
POP   PopularCoin    - Too many coins?
PR   Prototanium    - Too new
PRIME   PrimeChain    - Advertised less than 500 coins created per day, over 3 million supply after 3 months?
PRT   Particle    - No explorer, only at Bter
PSEUD   PseudoCash    - No explorer, no posts for 12 months?
PTC      Pesetacoin          - Marketcap too high for now
PURE   PurePOS    - ICO, unlimited 75% interest
PXI   Prime-XI    - Official explorer link goes to some kind of popup advertisement stuff
PXL   Phalanx    - No explorer, only at Yobit
PYC   Paycoin    - No explorer, hard to find connections?
QB   Quarkbar    - No explorer, not listed on any exchanges
QCN   QuazarCoin    - Cryptonote, no posts in 12 months, only at HitBTC
QTL   Quatloo    - No explorer?  The devs pride themselves on being the greatest, most successful gamblers in the universe?  They compete for everything: power, fame, women, everything they desire, and it is their nature... to win?
RBBT   RabbitCoin    - Forked?  Cryptsy wallet offline?
RBR   RibbitRewards    - Centralized, requires user identity?
RBT   Rimbit    - Controversial, too expensive anyway
RIN   Ringo    - No explorer
RIPO   RipoffCoin    - May be a ripoff
RMS   Resumeo Shares    - In the middle of some development project, they accept RMS to produce video resumes
ROS   RosCoin    - No explorer, already in the middle of a coin swap to Flycoin?
ROX   ROXcoin    - Blockchain doesn't work at all, can't send coins?
RPC   RonPaulCoin    - Almost no forum activity, possible blockchain problems?
RT2   RotoCoin    - No explorer, but otherwise might be eligible
RZR   Razor    - Would be a great coin for swap if there was a working explorer
S.A.T.2   Saturn2Coin    - No explorer
SAK   Sharkcoin    - 12.5% premine, current supply unknown?  $1 Million daily volume at 屠ubi.com, but $0.00 at Cryptopia and Yobit?
SANDG   Save and Gain    - Too new, not sure if it would be eligible anyway
SC   SmartChips    - New, no explorer
SDP   SydPak    - Too new, no explorer
SFR   SaffronCoin    - No explorer
SHA   SHACoin    - Unknown current supply
SHADE   ShadeCoin    - No explorer
SHELL   ShellPay    - No explorer, no available website or any information/downloads, only listed at Bter
SHF   Shift    - Too new, no explorer?  Ethereum fork will burn addresses work?
SHIBE   ShibeCoin    - No explorer
SHLD   ShieldCoin    - No explorer, hard to find connections, coins at Bittrex were forked and lost?  (According to devs?)
SILK   Silkcoin    - Already burning coins in exchange for DarkSilk  Already swapping for new SILK
SJW   SJWCoin    - Too new, too many coins still being generated
SKB   SkullBuzz    - Borderline too new, high PoS, no explorer
SLFI   Selfiecoin    - No explorer, only at Yobit
SLG   Sterlingcoin    - 42,000 coins orphaned at Bittrex after being confirmed for 30 days?
SLING   Sling    - Still in development for decentralized in-wallet exchange
SMBR   Sembro Token    - Blockchain forked, Yobit on a different fork from Bittrex, no posts in 30+ days
SNRG   Synergy    - Too new, high PoS
SOL   Solcoin    - No explorer, no exchanges
SOLE   Solecoin    - No explorer, no posts for 10 months
SONG   SongCoin    - Opinions?  Community still very active?  Blockchain problems?
SPA    SpainCoin    - No block explorer?
SPACE   SpaceCoin    - Too new, huge instamine, no explorer
SPC   SpikesPrivateCoin    - Too new, no explorer, only traded at Yobit, 200% annual interest
SPEC   SPEC    - Too new
SPHR   Sphere (ChronoSphere)    - New, very little forum activity ever, controversial
SPR      Spreadcoin         - Marketcap too high for now
SPT   Spots    - No explorer
SRC      SecureCoin          - Marketcap too high for now
SSV   SSVcoin    - No block explorer, block rewards never decrease
STC   Starcoin    - Too new (September 2015 coin called Starcoin)
STHR   Stakerush    - Too new, ICO, only listed at Yobit, 100% interest stake rewards
STK    StakeCoin    - Not listed at any exchanges, blockchain problems
STR   StarCoin    - Would be eligible with a working block explorer
SUPER   SuperCoin    - a MultiWalletCoin coin, will regular burn addresses work?  Probably will, but we need to be sure
SWIFT   BitSwift    - Too expensive
SWING   Swing    - Too new
SYNC   Sync    - No explorer, too expensive, supposedly backed by assets, would probably have low participation
TAGR   TAGRcoin    - Too new, no explorer, only at Yobit,
TAK   TakCoin (TakeiCoin)    - No explorer, block rewards never reduced?
TAM   Tamagucci/ Tamcoin    - Too new, no explorer, no posts in 3 months
TB   TeleBET    - Blockchain isn't moving, no exchanges
TCO   TacoCoin    - No explorer, delisted from all exchanges
TENNET   TenneT    - Too new, no block explorer  
THC   HempCoin    - No explorer, may be swapping to Ethereum platform
TIT   Titcoin    - NSFW
TIX   Tickets    - No explorer, blockchain stuck, only 3 posts in 12 months
TOR   TorCoin    - No block explorer
TRC   Terracoin            - Marketcap too high for now
TRI   Triangles    - Only works over TOR?  Probably not a problem
TRK   Truckcoin    - High PoS
TRL   Trollcoin    - Updating/hardforking soon, probably too many coins anyway
TRON   Positron    - Wallet disabled at Bittrex because the blockchain isn't moving
TTC   TittieCoin    - Not safe for work, could be sued for sexual harrassment for offering these coins
TTY   Trinity    - Has a limited block explorer at Cryptopia but would need accurate figures for total supply
TuringCoin   TNG    - New, 50% premine, no explorer, delisted from all exchanges
TX   TransferCoin    -  Too new, no explorer, dev account hacked?  Already had a takeover
U    Ucoin    - No explorer
UFO   UFO Coin    - No explorer
UNC   UNCoin    - New, ICO/premine, no explorer, no bitcointalk ANN
UNIT   Universal Currency    - Relatively new, very little forum activity, explorer says last block is 7 days old
URC   Unrealcoin    - Relatively new, no explorer, delisted except for Yobit
URO   Uro    - We don't have enough urea to swap for these coins
USDe   USDe    - Too many coins?  Connection problems, are there problems withdrawing from Cryptsy?
UTC        UltraCoin          - Marketcap too high for now
UTIL   UtilityCoin    - No explorer, heavy criticism
VCN   Vcoin    - Borderline too new, but we could probably do it if it was requested
VDO   Vidio    - No explorer
VEC   Vector    - Too new, ICO, delegates
VERSA   Versa    - Delisted from all exchanges?
VGC   VegasCoin    - No block explorer
VMC   VirtualMiningCoin    - No explorer, only listed at Bittrex and may be delisted soon
VOL   VolumeCoin    - Too new and the block explorer is already down
VTR   vTorrent    - No explorer?
WKC   WankCoin    - Delisted from all exchanges
WOP   WorldPay    - Too new, huge premine, ICO, no block explorer even though it's new, and block rewards increase instead of decrease
XBS   BitStake    - Involves a centralized service which has been shut down, and was run by people in Nigeria, and involves bank transfers with Nigerian bank accounts?  Also no explorer.
XCE   Cerium    - Too new, no explorer, already delisted from all exchanges
XCH   ClearingHouse    - No block explorer
XDQ   Dirac    - No explorer, but XDQ would be a good coin to spend at Dairy Queen
XEMP   EmpoCredits    - Too new, only traded at its own exchange?
XFC   Forevercoin    - Too expensive, no explorer, too many coins
XGR   GoldReserve    - No explorer, no exchanges
XLB   Libertycoin    - Official explorer link has tranny porn;  explores gender roles, but not the blockchain
XMG      Magi          - Marketcap too high for now
XNC   XENcoin    - No block explorer, dead?
XPB   Pebblecoin    - No explorer, cryptonote coin so burn addresses aren't possible?
XPH   Pharma    - Specs unavailable, too high inflation/PoS rewards
XQN   Quotient    - No explorer, recent community takeover, users have informally voted against BARR exchange
XRA     Ratecoin         - Marketcap too high for now
XSEED   BitSeeds    - Too much premine
XST      Stealthcoin          - Marketcap too high for now
XUP   Upcoin    - Too new, no block explorer, no exchange except Yobit, questionable ICO/cloudmining scheme, dev was supposed to burn coins but used a fake burn address and spent them?
XVI   Vibranium    - Too new, explorer is down, High PoS masternodes
XWT   World Trade Funds (WTF Coin)    - No explorer?
XXX   XxXcoin    - NSFW
YAC   Yacoin    - Explorer offline?
ZED   Zedcoin    - Blockchain is forked beyond all recognition
ZNY   Bitzeny    - Very little forum activity, explorer doesn't show current supply
ZOOM   Zoom    - Too new, but otherwise could be eligible in the future
ZS   ZimStake    - No explorer, no exchanges?
$MINE    InstaMineNuggets      - Over 50% of current supply is premine   
$MINEW   InstaMineNuggets Class A    - Premine is about 50% of current supply?  Or is that only for the other InstaMineNuggets coin?   
$MINEZ   InstaMineNuggets Class B    - Premine is about 50% of current supply?  Or is that only for the other InstaMineNuggets coin?  
$$$       Money        - Problems finding connections?  Very little forum activity, no active exchanges?















覧覧覧覧覧覧覧覧覧覧覧覧



Please let us know if any of our information is incorrect, or if you think one of these coins should be reconsidered for burn redemption.  
Most of our information comes from CoinMarketCap, Bitcointalk, and Google searches, but we can easily miss a coin being listed at another exchange, a new block explorer, or other important information that could change a coin's eligibility status.

CoinMarketCap has removed coins that are only listed at AllCoin, because AllCoin is offline (hopefully it's temporary).  So, again, this information is constantly changing.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 25, 2015, 12:40:58 AM
Can you burn BARR for BARR?


In the future, if we swap to a different platform, you will be able to burn BARR for BARR.

For now, burning BARR by sending it to the Burn Fund is how you can earn OFFS Altcoin Offset Credits. 
Details available at https://bitcointalk.org/index.php?topic=1233350


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BitcoinNational on October 25, 2015, 01:54:35 AM
good job BARR!

I like the eligible list it is a good start.  Wild Card coins look sound too.

Some of the 'Ineligible' I disagree.  But that was a massive amount of research and 95% correct and matches with my understanding/research.

Will dispute later  ;) and it is only in regard to less than 5-7 coins on the 'Ineligibles'.

---
This is an inventive new concept.  And in terms of long term vision I hope the foundation of a DAC that stewards and helps maintain some of the coins that respond well to burns.  For now it is an experiment but has the potential to add value to the crypto-space.

http://i.imgur.com/YyUCdGp.png


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BitcoinNational on October 25, 2015, 01:54:42 AM
Quote
Step #3:  After you have burned your altcoins, message us again with a copy of your previous message, and add the transaction ID of your send to the burn address.

This allows us to verify on the blockchain that you have actually sent that amount of coins to the burn address.
Telling us before you do it will prevent anyone else from watching transactions and claiming that your burned coins came from them.
There is no way to prove who sent an unclaimed transaction, and any disputed or unclaimed burn transactions may not be redeemed if we cannot determine who burned the coins.  So message us and claim your coins before you send them.
If you split your coins into multiple smaller transaction IDs, we will wait until all transactions arrive at the burn address and verify that they add up to the total amount you had requested.

small note ... if there was a dispute someone could just sign a message or send an amount from the address to 'prove' they hold the key/rights.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 25, 2015, 02:14:03 AM

small note ... if there was a dispute someone could just sign a message or send an amount from the address to 'prove' they hold the key/rights.



Good point.  Unfortunately I think a lot of these coins will be sent from exchanges, in which case that wouldn't work.


As to the ineligible coins, being on that list doesn't mean it's a bad coin.  It just means it won't work for burn exchange - maybe because there's no block explorer, or maybe just because there's no chance of destroying the supply because high mining rewards are still ongoing.  Of course if a coin's marketcap is too high we won't be able to burn it, so being eligible for burn is a separate issue from being a good coin.  And a large premine doesn't necessarily disqualify a coin, unless it's likely that the premine is still mostly held by the devs.  We want to give BARR to crypto holders, not reward scammers for hodling their own premine.

But we definitely need feedback on anything we got wrong, because we are going to need a lot of coins to burn.  


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: TomVelvetPaws on October 25, 2015, 06:41:49 AM
All I got to say for now is WOW I will read more closely but i love the idea.It helps all crypto really
A novel idea

Edit:Because my A key sticks im sorry


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: sorrros on October 25, 2015, 09:36:18 AM
Hi guys,

I believe the exchange rate of XAI is too favorable according to the real coin prices in the market.
It should be .5 BARR per XAI to be fair with KEY and FRAC. Can you pls update this before Nov 1st?


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: zodiac3011 on October 25, 2015, 10:27:31 AM
I really love your concept of burning coins. Especially multi proof of burn, this will lower the price of others coin and increase the price of BARR considerably. However, I think that based on NXT which is a currency got quite big blockchain right now will slow down the amount of user who hates waiting for things to sync


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: souljah1h on October 25, 2015, 10:31:55 AM
Could you add this coin to the list? https://bitcointalk.org/index.php?topic=562481.0 still have a lot of them


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: hybridd on October 25, 2015, 11:09:26 AM
I literally made an account on this forum (finally) just to point out the obvious scam in all of this:

So you're proposing burning a coin and receiving credit for burning in BARR, however this means eventually BARR is going to have some value on the asset exchange. That is 1 BARR = x units of NXT.

Since you control the supply of BARR, what is honestly preventing you from when x hits some desirable rate that you just don't dump a huge chunk of your BARR onto the market, make a nice profit and walk?

Also, lol the fact that you're doing this manually, this honestly wouldn't take more than a day or two to automate, since people can attach messages to transactions they could put their NXT address / pub key in the message field, submit the coins to the burn addresses listed and you have a worker bot that pays them out automatically -- literally a day of coding tops.

tl;dr
obvious (eventual) scam, dev probably doesn't know jack about coding

-- edit: this post will probably get deleted too, but op deleted the post where I called out his bullshit in technical details, oh well.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 25, 2015, 11:18:00 AM
Hi guys,

I believe the exchange rate of XAI is too favorable according to the real coin prices in the market.
It should be .5 BARR per XAI to be fair with KEY and FRAC. Can you pls update this before Nov 1st?




KEY and FRAC both have a higher supply, and they're both cheaper than XAI.  So the price is already balanced between all 3, with approximately 500,000 BARR allocated for each altcoin.  

We can't set the exchange rate at the current price of a low-volume market, because we already know that nobody is willing to sell at that price.  So we are offering more than the current price for all 3 coins, to give holders enough incentive to sell.

KEY and FRAC have both been trading under 3000, so we're setting the exchange rate at .5 BARR (estimated at 5000).  XAI has been as low as 4000, it's still around 5000 now, and there still aren't many sell orders going through.  So we're setting the exchange rate at .75 BARR (estimated at 7500).

These rates allow us to offer an equivalent amount of BARR for the entire supply of each coin:  

1,003,590 FRAC for 501,795 BARR
945,787 KEY for 472,893 BARR
684,468 XAI  for 513,351 BARR


Does this seem fair to all 3 coins, since we're offering the same amount of BARR for each one?




Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 25, 2015, 11:20:58 AM
I really love your concept of burning coins. Especially multi proof of burn, this will lower the price of others coin and increase the price of BARR considerably. However, I think that based on NXT which is a currency got quite big blockchain right now will slow down the amount of user who hates waiting for things to sync


You don't have to sync a NXT client to hold or trade BARR.  Syncing a new NXT wallet can take 24 to 48 hours, but you can also use an online wallet/trade account at MyNXT.info or SecureAE.com.



Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: darkitecht on October 25, 2015, 11:23:25 AM
I literally made an account on this forum (finally) just to point out the obvious scam in all of this:

So you're proposing burning a coin and receiving credit for burning in BARR, however this means eventually BARR is going to have some value on the asset exchange. That is 1 BARR = x units of NXT.

Since you control the supply of BARR, what is honestly preventing you from when x hits some desirable rate that you just don't dump a huge chunk of your BARR onto the market, make a nice profit and walk?

Also, lol the fact that you're doing this manually, this honestly wouldn't take more than a day or two to automate, since people can attach messages to transactions they could put their NXT address / pub key in the message field, submit the coins to the burn addresses listed and you have a worker bot that pays them out automatically -- literally a day of coding tops.

tl;dr
obvious (eventual) scam, dev probably doesn't know jack about coding


Yo did the devs actually just ignore this? i was browsing and noticed this, had to make an account just to point out how the devs tried to burry this without response...

id like to hear what they have to say, for one.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 25, 2015, 11:37:59 AM

Since you control the supply of BARR, what is honestly preventing you from when x hits some desirable rate that you just don't dump a huge chunk of your BARR onto the market, make a nice profit and walk?


As it says in the OP, a project like this isn't possible without someone running it.  There's no way to make it fully decentralized with the currently existing technology.

The Burn Fund will never sell BARR, and never send it to anyone without a txid to prove that altcoins were burned for it.  

What prevents us from dumping the Burn Fund is that we're all holders of these altcoins ourselves, and we want to exchange them for something valuable.  If we wanted to dump them, we'd dump them now and not bother exchanging them for BARR.  But it's true that it could possibly happen if we were dishonest, which is a limitation of the project.  As time goes on, and more BARR is fairly distributed to many people, then the risk will grow less and less as there will continually be less BARR in the Burn Fund, and as we build a track record of honestly handling the accounts.

If we begin to behave like BanxShares and break all our promises, act without transparency, give ourselves millions of free coins, double the supply after promising not to, and lie to the public, then you will have a legitimate complaint.  

(Actually we can't double the supply because it's fixed, and we can't do anything without people being able to see it, because the NXT platform is decentralized and transparent)




Quote
Also, lol the fact that you're doing this manually, this honestly wouldn't take more than a day or two to automate, since people can attach messages to transactions they could put their NXT address / pub key in the message field, submit the coins to the burn addresses listed and you have a worker bot that pays them out automatically -- literally a day of coding tops.

tl;dr
obvious (eventual) scam, dev probably doesn't know jack about coding


Are you a good enough coder to guarantee 100% that there will never be any errors?  Then you should get a job with an altcoin exchange, because every single one of them has had problems with automated withdrawals.  We can guarantee 100% that if we accidentally overpay anyone, we will cover the error out of our own personal BARR earned by burning our own personal altcoins.  

Plus, because everyone is sending to the same public burn address, it doesn't work the same as a normal automated process that generates a new address for each transaction.  If someone wants to verify the validity of the burn address and/or check all the transactions, they only have to check 1 address instead of hundreds.

This project is fully transparent, which means that everyone can monitor every step.  If we try to run away with the funds, anyone else can re-launch it and have the exact same distribution using the same transaction IDs for burned altcoins.  In fact, you can start as soon as we start, offering your own Multi-Proof-of-Burn coin for merge-mining with BARR.  Just because we're giving BARR for free to everyone who burns their altcoins, that doesn't stop you from giving your own coin for free to the same people.

So if you can do it better, the good news is that you can go ahead and start right now.  





If you want to discuss it further, please come back with your real account.





i was browsing and noticed this, had to make an account just to point out how the devs tried to burry this without response...





You too?  Amazing that out of the 200 people who have viewed this topic, a full 1% of them were lurkers who created a new account to post.

And of the 8 people who have replied, a full 25% created their accounts just to post here.

And then after we didn't respond for 10 minutes, you had to create an account to point out how we tried to "bury it" for 10 minutes.  Truly a noble endeavor on your part.

Do you know what else is better when you process it manually?  Self-moderated threads.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 25, 2015, 11:48:21 AM
Could you add this coin to the list? https://bitcointalk.org/index.php?topic=562481.0 still have a lot of them


That topic hasn't had a post in 18 months.  We can only burn a limited number of coins during each burn period, and each one requires time and planning.  So we want to add coins that will possibly bring a good number of participants.   


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: runpaint on October 25, 2015, 12:00:13 PM
Hey I just created this account, and I noticed BARR!  What a great idea, and it's good that my avatar already says BARR.me!


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BitcoinNational on October 25, 2015, 12:33:14 PM
I really love your concept of burning coins. Especially multi proof of burn, this will lower the price of others coin and increase the price of BARR considerably. However, I think that based on NXT which is a currency got quite big blockchain right now will slow down the amount of user who hates waiting for things to sync

I agree.  I wasted 1 month trying to sync NXT in the spring of 2015, it's a little geekish :/
But I've just played with the online wallet and it is fairly simple and easy too do.

Also looking at the NXT exchange site and it is uber simple to use.  However it seems all but half a dozen markets are actively traded.  

Hey I just created this account, and I noticed BARR!  What a great idea, and it's good that my avatar already says BARR.me!

Very coin-cident-tal I suppose  ;D ;D

I literally made an account on this forum (finally) just to point out the obvious scam in all of this:

So you're proposing burning a coin and receiving credit for burning in BARR, however this means eventually BARR is going to have some value on the asset exchange. That is 1 BARR = x units of NXT.

Since you control the supply of BARR, what is honestly preventing you from when x hits some desirable rate that you just don't dump a huge chunk of your BARR onto the market, make a nice profit and walk?

Also, lol the fact that you're doing this manually, this honestly wouldn't take more than a day or two to automate, since people can attach messages to transactions they could put their NXT address / pub key in the message field, submit the coins to the burn addresses listed and you have a worker bot that pays them out automatically -- literally a day of coding tops.

tl;dr
obvious (eventual) scam, dev probably doesn't know jack about coding


Yo did the devs actually just ignore this? i was browsing and noticed this, had to make an account just to point out how the devs tried to burry this without response...

id like to hear what they have to say, for one.

this concept requires a custodian.
even if you code some auto-bot ... you still face the same trust issues. (someone holds the keys)

solutions would be multisig or multiple trustees.
i am willing to have a little faith because this an experiment and the guys managing the project have been around for some time.

but yes as time goes by and if BARR becomes an asset of value then perhaps some safe guards are needed.

i would suggest public dumps.  example a BARR holder wants to improve XAI, so he says "I've got $50 of BARR and I am going to selling, the revenue will be used to pay for a block explorer".  so thus you have micro budget projects DIY on the record.  the sincere participants will become evident and hustlers would find it difficult to scam more than $5-$10 if even a $1. 

also this keeps more less a fixed market cap so there is little of a bubble to pop by dumping the reserve BARR.

again as time goes by, and if it works, then find a way to safe guard the system so the market cap can increase.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 25, 2015, 02:03:23 PM
Nothing is perfect, and I doubt we'll be able to please everyone at the same time, but we're going to do our best and consider everyone's suggestions. 


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: runpaint on October 25, 2015, 04:59:11 PM
Hopefully after the launch begins on November 1st, it will be easier for everyone to see how the process works and decide if they would like to participate. 



Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 25, 2015, 06:35:53 PM
We've just added a few more coins to the eligible list, and a lot more coins to the ineligible list.  Hopefully we'll have more done by the end of the day today. 

We'll need to go ahead and decide on the coins to burn for December about 2 weeks ahead of time, to get everything lined up and give people enough notice.  We can't do it at the last minute, but we also can't plan too far ahead because coins get delisted, block explorers stop working, and prices change.  So if we planned it now, we'd probably have to change something before December anyway. 

For example, we were thinking about Prospercoin, and it has a block explorer.  But today we noticed that the block explorer hasn't moved in 3 days, so now we're not sure if we'll be able to do it or not.  It depends on whether the explorer starts working again.  (We've contacted the explorer's host and also mentioned it on the PRC ANN)

For now we'll be concentrating on the launch and the November coins, but we'll start looking at which coins might be good for December.  If most people seem to agree, we won't have to hold a formal vote.  We don't have enough people here yet for a good vote anyway, so it might not be as complicated as in the future when we have a lot of users.  When we need a vote, we'll probably start a separate topic for a discussion and a poll.   

One important thing to talk about is how many coins we're going to burn in December;  we think we may do as many as 6 different coins at the same time, because some of the marketcaps are so low that 2 or 3 coins won't amount to much BARR even with full participation and burning the entire supply.  But we'll have to see how the launch goes and what unexpected problems we might run into.  6 coins at one time might be too many.  But we don't want to split it up into fewer coins for shorter periods, because 2 weeks might not be enough time for everyone to hear about it. 

So once we get that ironed out, we'll be ready for the next question.  Tomorrow is Monday so we're expecting more response here when everybody goes back to work.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: thelion07 on October 25, 2015, 10:04:31 PM

FRAC 0 coins burned out of 1,003,590 0% of total FRAC supply
KEY 0 coins burned out of 945,787 0% of total KEY supply
XAI 0 coins burned out of 684,468 0% of total XAI supply
BARR 0 coins burned out of 0 in circulation, 0% of distributed supply
(self-burned BARR, sent back to the burnfund)



Interesting choice of coins  ::)

FRAC EARLZ
KEY PROMETHEUS
XAI ALTY/JOE MOZ



WHO? http://barr.me/who/ runpaint Inventor of Multi-Proof-of-Burn

Just a random click on his post history....THAT'S A BINGO!!  ;D

https://bitcointalk.org/index.php?action=profile;u=404349;sa=showPosts;start=400

https://archive.is/Mw4Jh




Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: runpaint on October 25, 2015, 10:24:24 PM
Hi thelion007, thanks for taking an interest in BARR.

As you noticed, I have been involved in our 3 launch coins for a while, but not as a developer.  I started out as an altcoin daytrader, and I ended up holding some coins that not many other people wanted to buy.  That includes Fractalcoin, Keycoin, and Sapience, although "coins that not many people want to buy" describes over a thousand altcoins.  Probably 99% of all altcoins.

So I bought these coins, and all the devs abandoned them.  At first I thought it would help to keep the bitcointalk topics active, so my role in the community was just posting on this messageboard.  Then I gave some tips and pointers, helped some people sync their wallets and make .conf files.  But mostly we just talked about how our coins weren't worth much, and how we wished they were worth more.  

The only coding I know is HTML, so I paid $8.99 a year for a domain name and some shared hosting.  That was all I could really contribute at that point.  Just a basic homepage, nothing professional, and I made one for Keycoin as well as Fractalcoin.  (I noticed that a lot of coins have their website go offline right about 1 year after they launch;  but that's only for the coins whose website didn't disappear after 1 month.)

So instead of just talking and wishing our coins were worth more, some of us tried to chip in a little and keep things moving.  But with no dev hosting a DNS seeder, people were having a hard time getting the wallets to work at all.  Then we had to figure out how to keep the coins alive and running - it wasn't an issue of the coins eventually being worth more, but rather an issue of the coins eventually going completely dead and all our coins becoming worthless.  

Some people were talking about updating the coins, community takeovers, swapping to a new blockchain, and other options to keep the coins alive and find a way forward for all of us bagholders.

The idea I settled on was BARR, and I think a good many people will agree that it's a good solution for them too.  Others may not, and they are free to do their own community contribution to keep their coins alive as I have done.

Thank you for providing an archive of my posts, as I like to think I've said some helpful things that people will benefit from.  

But I'm not sure what you mean by "bingo", since it doesn't apply to anything you said.  Since you didn't actually say anything, I can only guess what your point was supposed to be.  Are you saying that all 3 devs of these coins abandoned the coins?  I agree.  That's why we're trying to completely destroy these coins and their entire supplies.  If you have anything you'd actually like to say, please go ahead.  


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: thelion07 on October 25, 2015, 10:51:41 PM
Hi thelion007, thanks for taking an interest in BARR.

................

But I'm not sure what you mean by "bingo", since it doesn't apply to anything you said.  Since you didn't actually say anything, I can only guess what your point was supposed to be.  Are you saying that all 3 devs of these coins abandoned the coins?  I agree.  That's why we're trying to completely destroy these coins and their entire supplies.  If you have anything you'd actually like to say, please go ahead.  

It is pretty clear what I was trying to say, you've awarded yourself the biggest stake from those three coins you've accumulated through their extended down time.
Really convenient that your filtered shitcoin list ended up with those specific coins. Just don't play the heal the alt world card, your agenda is clear. It's just another scheme of which you will have the edge, starting with these 3 coins and those redeemable later on that you could (benefit of the doubt) be currently accumulating. I will say no more unless my post gets deleted.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: runpaint on October 25, 2015, 11:06:42 PM

It is pretty clear what I was trying to say, you've awarded yourself the biggest stake from those three coins you've accumulated through their extended down time.
Really convenient that your filtered shitcoin list ended up with those specific coins. Just don't play the heal the alt world card, your agenda is clear. It's just another scheme of which you will have the edge, starting with these 3 coins and those redeemable later on that you could (benefit of the doubt) be currently accumulating. I will say no more unless my post gets deleted.


So you have a problem with a coinswap that swaps coins to the people who hold the coins it's swapping for?

NAUT just swapped to a new blockchain - did you know that the main people who received the new NAUT were the same people who held the old NAUT?  Is that some "convenient" hidden scam, or is it the entire point?

We're not selling BARR.  We're giving it away for free.  I won't get 1 single BARR unless I burn my altcoins for it.  Altcoins that I mined for the past year, that I paid for, that I helped to keep alive.  During the launch, I'll continue to scrape up every bit of NXT I can, and spend it all for BARR buywalls.  And it's not very much NXT, but hopefully it will be enough.  The idea of me making any money from this is a long way down the road, if ever.    

But yes, I hold the coins we're burning.  I hold a pretty good bit of them, from my point of view, but spending 5 or 6 BTC on some coins that are now worth 3 or 4 BTC isn't much money in terms of entire markets.  Is that the big scam you're uncovering?  That the person running a community takeover of a coin is part of the community?  

If I didn't hold these coins, some of them would already be dead.  KEY and FRAC anyway.  So I hope other holders don't mind.  And if I didn't hold these coins, BARR wouldn't exist.  So I hope other holders of BARR don't mind.  

And yes, I'm going to buy more altcoins after we decide which ones to burn.  I'm going to buy them, and then I'm going to burn them.  All for BARR, which has still never been sold for any amount of anything.  I don't think it makes a very good scam, but I do think it makes a very good altcoin project.

You don't have to stop posting, your posts aren't going to be deleted and you're not breaking any rules.  I'm sure other people have the same questions. 


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 25, 2015, 11:26:14 PM

Really convenient that your filtered shitcoin list ended up with those specific coins.



I think that part needs addressing:  what is "specific" about those 3 coins?  Nothing.  

Is it that their devs abandoned them and/or made promises that weren't kept?  

That they were released, pumped and dumped, and they have steadily lost value ever since?  

There's nothing specific about any of that, in the world of altcoins.  That's the norm.  It's almost all of them.  These aren't unusual scamcoins, they're average typical altcoins.  That's the problem we're trying to help solve.  

If you can find 3 altcoins that don't look like a bad group, then you probably have 3 altcoins that people wouldn't want to burn.  We couldn't afford to burn them anyway.  


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: runpaint on October 25, 2015, 11:32:58 PM

Really convenient that your filtered shitcoin list ended up with those specific coins.



I think that part needs addressing:  what is "specific" about those 3 coins?  Nothing. 



I think he's saying that we're only pretending to have a big list of coins, but we "secretly" chose the ones we already hold.

What he left out is that we've already been planning this for weeks in the Keycoin topic, the Fractalcoin topic, and the Sapience topic.  But he knows that, since he read my post history.

Since he also admits that he went to barr.me/who, he knows that we already have community representatives from each coin.  Maybe he conveniently forgot about that. 

The project started as a swap for those 3 coins, so there's no mystery about it.  After we decided to swap those coins, we started looking for other coins to swap in the future.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 25, 2015, 11:42:04 PM
Oh.  Well we definitely haven't kept it a secret as to which coins we're starting with.  I already had a post deleted here when tokeweed reported me for "spamming" it.  I was only bringing it up in conversation, but he was tired of me talking about BARR in the Altcoins board.

We've also been announcing it in trollboxes at polo, cryptsy, c-cex, cryptopia, and bleutrade.  Mainly polo and cryptsy, since the coins are traded there.  (XAI is also at trex, but no chat box there)

And if you'd like to see a little of the evolution of the project, you can look at our test pre-ANN that I made 2 weeks ago at NXTforum:

nxtforum.org/news-and-announcements/(ann)-barr-burning-altcoins-for-redemption-and-reduction/

We went to NXTforum early on to get advice, because we're launching on the NXT platform.  Originally we were going to do it on the NXT Monetary System, but people there recommended we use the Asset Exchange because it's more established and easier to use. 


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: jasemoney on October 26, 2015, 12:06:40 AM
Saw you guys on the XAI thread recently. It does look like your putting a good foot forward where your personal bags are already packed. it should be open to burn/exchange any shitcoin (or any coin) at marketvalue for current marketvalue of BARR at least that would keep it fair. meanwhile will it be an open redemption period? because that could really hodl your price down if anyone can just swap and dump until the shitcoins included for swapping are all bought up to equalize value. (which might not take much considering the spread on many dead alts)


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 26, 2015, 12:18:15 AM
Saw you guys on the XAI thread recently. It does look like your putting a good foot forward where your personal bags are already packed.


Thanks, we always try to put our best foot forward and present an effort we can be proud of.




Quote
it should be open to burn/exchange any shitcoin (or any coin) at marketvalue for current marketvalue of BARR at least that would keep it fair.


If BARR had a marketcap equal to the combined marketcaps of every altcoin, then we could do that.  But we don't have that many millions of dollars.

So instead, we're burning one at a time.  (Or 3 at a time.)  Then we move on and burn something else. 




Quote
meanwhile will it be an open redemption period? because that could really hodl your price down if anyone can just swap and dump until the shitcoins included for swapping are all bought up to equalize value. (which might not take much considering the spread on many dead alts)


The length of the redemption period is set, and so is the exchange rate.  It's open to everyone, with the only restrictions being to prevent spam. 

During the exchange period for a given coin, we will attempt to support the price of that altcoin on exchanges, buying what we can, and burning it.  Hopefully other BARR users will show up to buy the altcoin as well, since it's the only way to get new BARR.  This project is about exchanging and burning altcoins, not buying them.  But we end up having to buy some anyway, so from that angle it will work kind of like a planned pump.  But the difference here is that there will be no dump.  We show up at cryptsy, we buy the altcoin, and then we stop buying the altcoin at the end of the exchange period.  But we don't sell any of the coins we bought.  We burn them, and then we go over to the NXT Asset Exchange and try to make sure the price of BARR is supported too.  Hopefully there won't be much dumping of BARR, since everyone who wanted to dump would've already dumped their altcoins.  They probably won't go to the trouble of exchanging their coins for BARR if they just wanted to dump it, so our altcoin buywalls should help keep the dumpers out of BARR.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: jasemoney on October 26, 2015, 12:25:26 AM
the "we" refered to in price support references a specific group of people or all people participating in this thread who decide to help support the price? im guessing any coins acquired through dumps on buywalls will be burned for BARR.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: runpaint on October 26, 2015, 12:49:38 AM
the "we" refered to in price support references a specific group of people or all people participating in this thread who decide to help support the price? im guessing any coins acquired through dumps on buywalls will be burned for BARR.


Are you guessing that?  Or did you read it more than once already in this thread?  It's part of the rules, for us.  For you, we can't make you burn the coins after you buy them, if you buy them.  It's all voluntary, except for us.  We're the devs, so we're holding ourselves to certain rules.

As we've already said, we will spend as much as we can for price support, and we hope other BARR users help out with that.  We're not rich, and in fact we're practically broke because we spent all our money on altcoins.  But we will do what we can.




Saw you guys on the XAI thread recently. It does look like your putting a good foot forward where your personal bags are already packed. it should be open to burn/exchange any shitcoin (or any coin) at marketvalue for current marketvalue of BARR at least that would keep it fair.


Well that's very generous of you, to allow us to burn our own coins in addition to all other coins in the world. 

Let me see if I understand you correctly:  We planned to swap Fractalcoin to a new coin, and then we decided to add Sapience and Keycoin as well.  So now, for our new coin project that was made for the purpose of swapping those three coins, you think it's not fair that we're swapping those three coins? 

Have you ever gone to a construction site, where they're building an elementary school, and asked them why all the world's children won't be able to go to that one school?  Wouldn't it be more fair if any child could go there, instead of just the children who live in the area? 

Or maybe one of the construction workers has children that will be attending that school.  Isn't it unfair that he has two children, while another construction worker only has one?  And then some people don't have any children at all.  The whole school is rigged in favor of children - but if you change that, it wouldn't be a school.  If we changed BARR to accept all coins, then it wouldn't be able to burn or redeem any single coin.   

I think it's more important to concentrate on what we can do, rather than what we can't do.  Yes, the people who hold other coins won't get to exchange their coins.  But the people who hold these coins will get to exchange theirs.  That's the point of this project.  Maybe there can be another project that exchanges every altcoin in the world, but this project isn't able to do that.  We don't even want to, because it's not our purpose. 

Since burning altcoins is our way of mining BARR, these launch coins are the genesis block.  We have to start somewhere, and we can see where it goes.  But it won't go anywhere without starting first, and the entire definition of a coin is decided by the launch specs.  These coins are our launch specs.  After everyone sees how the launch period goes, then they can see if the coin works like they think it should. 







Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 26, 2015, 01:09:26 AM

Since burning altcoins is our way of mining BARR, these launch coins are the genesis block.  We have to start somewhere, and we can see where it goes.  But it won't go anywhere without starting first, and the entire definition of a coin is decided by the launch specs.  These coins are our launch specs.  After everyone sees how the launch period goes, then they can see if the coin works like they think it should. 




So you've never gone to a new ANN for a sha256 coin and demanded that they change it to x11 before launch?

Don't you know that they're only benefiting themselves because they already have asics?  They should make it so it can be mined by scrypt asics too, and so cpus can get as many fair coins as asics. 


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 26, 2015, 04:48:48 AM
We're still updating the list, and we may be done by later today if we have enough time.  We're reviewing almost 500 coins, which is basically the bottom of the list from CoinMarketCap in addition to some that aren't listed at CoinMarketCap.



Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: runpaint on October 26, 2015, 12:40:47 PM
We still need a community representative for each coin we plan to burn, so please don't hesitate to volunteer if you have a coin you'd like us to offer for burn redemption.

If we can go ahead and gather a list of community representatives, it will help us narrow down which coins should be burned next, and it will also give us a better idea of which coins have active community members that want to participate.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: l8orre on October 26, 2015, 01:21:58 PM
Hi thelion007, thanks for taking an interest in BARR.

................

But I'm not sure what you mean by "bingo", since it doesn't apply to anything you said.  Since you didn't actually say anything, I can only guess what your point was supposed to be.  Are you saying that all 3 devs of these coins abandoned the coins?  I agree.  That's why we're trying to completely destroy these coins and their entire supplies.  If you have anything you'd actually like to say, please go ahead.  

It is pretty clear what I was trying to say, you've awarded yourself the biggest stake from those three coins you've accumulated through their extended down time.
Really convenient that your filtered shitcoin list ended up with those specific coins. Just don't play the heal the alt world card, your agenda is clear. It's just another scheme of which you will have the edge, starting with these 3 coins and those redeemable later on that you could (benefit of the doubt) be currently accumulating. I will say no more unless my post gets deleted.

fair enough- however I might add another angle, and that is that of course people taking the initiative have got the edge.
idea, initiative, risk- get rewarded.

of course, this definition discounts dishonest schemes, but I do not think that this project is dishonest.
if there is potential benefit for a lot of people involved, why should the initiator not have an edge?



Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: runpaint on October 26, 2015, 02:16:03 PM
I don't even see it as an edge or advantage for us.  I hold these coins, but so do a lot of other people, and we're just exchanging them for another coin.  In the case of Sapience in particular, I paid over .0002BTC for a lot of my coins.  I've averaged down closer to .00015, but I don't think I'm giving myself a bonus by exchanging them at half that rate.  I'm still losing money, while anyone who buys during the exchange at 7500 will have an advantage over me and get their BARR cheaper than me when they exchange their Sapience. 

Of course people will suspect something dishonest, since that's what usually happens.  But I don't see anything dishonest about us burning our own coins.

Think about it like this:  What would people say if we started this project and didn't burn our own coins?  "Why should anyone else burn their coins if the devs won't even burn their own?"

Some people will say it's a scam because we're burning our own coins, but they would also say it was a scam if we didn't.  Since we can't stop people from saying that, no matter what we do, we're just going to let people see for themselves.

If we started by burning a coin we don't own any of - let's say ULTC - that coin would have plenty of its own whales.  Every coin will have both small and large holders.  The difference is that we don't know any ULTC whales, so we have no way of getting them to participate in a brand new project.  We need to start with our own coins and lead by example, because nobody else is going to do it until we get it going ourselves.

 If we started by burning ULTC, and nobody participated, then this project would seem like a complete failure to everyone.  Then we wouldn't have much chance of creating buzz and getting participation for the next coin.  So even though I don't hold any ULTC, I would try to become a ULTC whale during the exchange period, in order to make sure some ULTC gets burned.

I think that's one thing people aren't understanding - we want to burn as much of these coins as we can, up to 100% of the entire supply.  That means if we're not whales already, we're going to try and become whales in every coin we offer.  And then we're going to burn it all.  The fact that I'm personally a whale in our launch coins makes perfect sense, rather than being anything negative.  It's a big reason why this project will work, and there's no other way it could be done.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 26, 2015, 05:54:07 PM
Still working on the full list of altcoins, but we've all been distracted today playing with the new release of FreeMarket. 

An ebay-type service on the NXT blockchain, no Paypal, fully decentralized.  This is the kind of thing that will really change the world.   

And you can even use it without a NXT client at freemarketlite.cc

Anyway, back to work for now.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: bit1 on October 26, 2015, 07:45:22 PM
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BARR - Burning Altcoins for Redemption & Reduction

Raising the BARR by Reducing Supply

1st Coin using Multi-Proof-of-Burn

Launch date November 1, 2015


http://barr.me

NXT Asset I.D. 7823929696462256005

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http://barr.me/wp-content/uploads/2015/10/cropped-barrlogo2text.png

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Burning Altcoins for Redemption and Reduction is a new cryptocurrency on the NXT Asset Exchange.

BARR is only earned via Proof-of-Burn, in exchange for altcoins which are permanently destroyed via burn addresses.  
Our goal is to absorb entire altcoin networks and their users,
burning their coins,
redeeming those coins with BARR,
and reducing the total number of altcoins on the market.


Watching this thread principally for : Burning Altcoins for Redemption and Reduction, But I'm not very sure about that it be the best way.

Anyway you got +1 for Burning Altcoins Redemption and Reduction idea.

and  -1 for: Our goal is to absorb entire altcoin networks and their users.

and +1 for: reducing the total number of altcoins on the market.




Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: bit1 on October 26, 2015, 08:08:07 PM
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PLEASE NOTE:

BARR does not burn or destroy other people痴 coins;  that would be impossible.
It is up to the holders of these coins to burn them, and only if they choose.

BARR is not an attack on you or other holders of your altcoin,
because only you and other holders of your altcoin can burn your coins.  

The choice is yours,
and any holders who choose to participate in BARR redemption are voting with their coins when they send them to the burn address.


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NXT Asset I.D. 7823929696462256005
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If someone decide burn some BTC buying some shitcoins in the exchanges and burning this is another way,
But I insist that it is not the better way. A cleaning process could be more oriented to reduce the shitcoins and scamcoins without create another because only burn coins it donエt stop the entire  blokchain .  


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 26, 2015, 08:42:37 PM

Watching this thread principally for : Burning Altcoins for Redemption and Reduction, But I'm not very sure about that it be the best way.

Anyway you got +1 for Burning Altcoins Redemption and Reduction idea.

and  -1 for: Our goal is to absorb entire altcoin networks and their users.

and +1 for: reducing the total number of altcoins on the market.




Thanks!  Looks like we end up with a total of +1.

But if we want to reduce the number of altcoins, those coins and users will have to go somewhere.  That's why we're invited them to be absorbed into BARR.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: bit1 on October 26, 2015, 10:06:47 PM

Watching this thread principally for : Burning Altcoins for Redemption and Reduction, But I'm not very sure about that it be the best way.

Anyway you got +1 for Burning Altcoins Redemption and Reduction idea.

and  -1 for: Our goal is to absorb entire altcoin networks and their users.

and +1 for: reducing the total number of altcoins on the market.




Thanks!  Looks like we end up with a total of +1.

But if we want to reduce the number of altcoins, those coins and users will have to go somewhere.  That's why we're invited them to be absorbed into BARR.

Ok Agree,

But it is a little different to: absorb entire altcoin networks and their users. For now we could let this on:
The less coins the better without going to extremes.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 26, 2015, 10:16:34 PM

Ok Agree,

But it is a little different to: absorb entire altcoin networks and their users. For now we could let this on:
The less coins the better without going to extremes.


That is beyond our control.  Users will decide how many coins to burn.  If they burn 100% of a coin's supply, then the coin stops running. 

If we reduce the number of Fractalcoins by 1,000,000, then we've also reduced the number of Altcoins by 1. 


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 27, 2015, 01:54:18 PM
Funny idea.

Good luck with it :)



Thanks! 

Everything is ready for launch, and the 1st burn period starts Saturday at Midnight.  Message us at this account to burn your Fractalcoin, Keycoin, or Sapience.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: bit1 on October 27, 2015, 02:01:12 PM

Watching this thread principally for : Burning Altcoins for Redemption and Reduction, But I'm not very sure about that it be the best way.

Anyway you got +1 for Burning Altcoins Redemption and Reduction idea.

and  -1 for: Our goal is to absorb entire altcoin networks and their users.

and +1 for: reducing the total number of altcoins on the market.




Thanks!  Looks like we end up with a total of +1.

But if we want to reduce the number of altcoins, those coins and users will have to go somewhere.  That's why we're invited them to be absorbed into BARR.

Ok Agree,

But it is a little different to: absorb entire altcoin networks and their users. For now we could let this on:
The less coins the better without going to extremes.

I did the previous commentary before or read about your thread about  https://bitcointalk.org/index.php?topic=1181883.0

@runpaint  because you are a serious Nxt enthusiast and you bring to us all the evidence of  BanxShares,  But now  I could ask:

NXT based Barr.me project the idea of this project from my point of view is good but somewhat excessive, now comes the most important, Is it legitim? As does Nxt to avoid the same problems?  I have missing that part too, Or is just the fact of following blindly trusting on devs and promoters of the coins.

And after come the next: BanxShares will not be eligible for BARR burn redemption, because of the significant percentage of premined funds held by developers.So this sounds a bit strange considering the purpose of Barr.me project, So in the best of cases the investors of Banxshares could be reimbursed but if this doesnot happens, Then what?   Barr.me project is unable and apart from that is not required to do so change barr for Banxshares so finally also it reflects that this will not be very effective with anothers coins or shares/tokens.

So I could appoint that:
                               * I'm not very sure about that it be the best way
                               *So Barr dont cant stop entire blockchains(speaking of scamcoins for example) its can only  divide to the community even more.
                               *Or is just the fact of following blindly trusting on devs and promoters of the coins.
                              
And only for clarify: I could keep watching this thread because I'm agree that  Reduction of the coins is neccesary maybe dont of this way so I could  mention that I'm not a supporter of Barr.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: runpaint on October 27, 2015, 02:09:33 PM

@runpaint  because you are a serious Nxt enthusiast and you bring to us all the evidence of  BanxShares,  But now  I could ask:

NXT based Barr.me project the idea of this project from my point of view is good but somewhat excessive, now comes the most important, Is it legitim? As does Nxt to avoid the same problems?  I have missing that part too, Or is just the fact of following blindly trusting on devs and promoters of the coins.

And after come the next: BanxShares will not be eligible for BARR burn redemption, because of the significant percentage of premined funds held by developers.So this sounds a bit strange considering the purpose of Barr.me project, So in the best of cases the investors of Banxshares could be reimbursed but if this doesnot happens, Then what?   Barr.me project is unable and apart from that is not required to do so change barr for Banxshares so finally also it reflects that this will not be very effective with anothers coins or shares/tokens.




The supply of BanxShares is 12,000,000.  If 10,000,000 of the supply is still held by Banx, then swapping for BanxShares would benefit the Banx devs more than the actual investors. 

We want to redeem coins held by crypto users.  We don't want to reward scammers for hoarding their own premine.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: bit1 on October 27, 2015, 02:24:08 PM

@runpaint  because you are a serious Nxt enthusiast and you bring to us all the evidence of  BanxShares,  But now  I could ask:

NXT based Barr.me project the idea of this project from my point of view is good but somewhat excessive, now comes the most important, Is it legitim? As does Nxt to avoid the same problems?  I have missing that part too, Or is just the fact of following blindly trusting on devs and promoters of the coins.

And after come the next: BanxShares will not be eligible for BARR burn redemption, because of the significant percentage of premined funds held by developers.So this sounds a bit strange considering the purpose of Barr.me project, So in the best of cases the investors of Banxshares could be reimbursed but if this doesnot happens, Then what?   Barr.me project is unable and apart from that is not required to do so change barr for Banxshares so finally also it reflects that this will not be very effective with anothers coins or shares/tokens.




The supply of BanxShares is 12,000,000.  If 10,000,000 of the supply is still held by Banx, then swapping for BanxShares would benefit the Banx devs more than the actual investors.  

We want to redeem coins held by crypto users.  We don't want to reward scammers for hoarding their own premine.

100% Agree,

However its dont answer the rest of my question.
NXT based Barr.me project the idea of this project from my point of view is good but somewhat excessive, now comes the most important, Is it legitimate? As does Nxt to avoid the same problems?  I have missing that part too, Or is just the fact of following blindly trusting on devs and promoters of the coins.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: runpaint on October 27, 2015, 02:46:55 PM
Is it legitimate?  Yes.

Does it solve the problems experienced by users of other coins?  Yes.

Does it require blind trust in our devs?  No.  The ongoing distribution of BARR is fully transparent and can be inspected by anyone at any time.



Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 27, 2015, 09:28:35 PM
We've had some people asking which coins they can burn, so I'll sum up some details as a brief recap:

The first exchange period is from November 1 to November 30, and we're accepting 3 coins for burn redemption:  Keycoin, Fractalcoin, and Sapience. 

Because we want to burn as many coins as we can from each coin's total supply, we're only doing certain coins at one time.  We concentrate on those coins, and then we move on to other coins.  There will be a different group of coins accepted for burn redemption during December.

Sending coins to provable burn addresses is the only way to make sure those coins can never be spent again.  When we burn a coin, it has to have a working block explorer so the transactions are publicly available to everyone, so that anyone can see for themselves that the coins have actually been burned.  If the blockchain isn't working or the coins can't be sent, then we can't accept that coin for burn redemption at least until it gets fixed. 


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: 3r197 on October 27, 2015, 09:35:27 PM
I'd like to ask that Craigscoin be added to the list for December.



Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: 3r197 on October 27, 2015, 09:44:33 PM
Craigscoin blockexplorer can be found here: http://craig.explorer.bitnodes.net/

I'm trying to get Cryptsy to unlock their Craigscoin wallet.
The support ticket is still open and waiting for a response from Mullick



Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 27, 2015, 09:47:19 PM
I'd like to ask that Craigscoin be added to the list for December.



We've been needing more requests, thanks!

If you read the first page, you'll see that there are a few things a coin needs, in order for the process to work.  Craigscoin is listed at Cryptsy, so it qualifies for having an active market.

A working block explorer is a must-have.  The one at https://www.blockexperts.com/craig is not running, but there's another one that works at http://craig.explorer.bitnodes.net and it says the current supply is 30,075,746.  

Now we will need to see if we have a provable burn address that works, which shouldn't be a problem.

But are you able to send coins from your wallet?  If the wallet or blockchain isn't working properly, then you won't be able to send the coins to the burn address.  


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 27, 2015, 09:48:58 PM
Craigscoin blockexplorer can be found here: http://craig.explorer.bitnodes.net/

I'm trying to get Cryptsy to unlock their Craigscoin wallet.
The support ticket is still open and waiting for a response from Mullick




They have it locked for withdrawals as well as deposits?  That's not a good sign;  if people can't send their coins from Cryptsy, then a lot of holders won't be able to participate in the coin swap.  Plus that kind of means there's no active trading market.

If a new wallet is released that fixes the problems, then maybe it would be ready to go.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: 3r197 on October 27, 2015, 09:58:09 PM
Craigscoin blockexplorer can be found here: http://craig.explorer.bitnodes.net/

I'm trying to get Cryptsy to unlock their Craigscoin wallet.
The support ticket is still open and waiting for a response from Mullick




They have it locked for withdrawals as well as deposits?  That's not a good sign;  if people can't send their coins from Cryptsy, then a lot of holders won't be able to participate in the coin swap.  Plus that kind of means there's no active trading market.

If a new wallet is released that fixes the problems, then maybe it would be ready to go.

Right. I'll ask them for a status update on the support ticket. There is no reason why it shouldn't be unlocked. Bitnodes.net is supporting a full node.

And yes wallet transfers are working, it's just that coinage somehow causes issues with maximum transfer fees and bytes.
Anyone know a way to reset coinage in a wallet without having to transfer it to another address?


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 27, 2015, 10:07:28 PM
You could try sending coins to yourself, to consolidate them into fewer blocks.  But I wouldn't recommend doing anything until you talk with some other Craigscoin users who are familiar with the wallet. 

Some wallets have "coin control" which lets you see the groups of outputs.  If you have hundreds of deposits into your wallet (especially using multiple addresses), then you can't really send all those coins in "one transaction".  If it's telling you the transaction is too many bytes, then it's probably trying to send lots of different groups of coins at the same time.  Since you deposited them into different addresses, each address has to send its coins individually.  So when you try to send 20,000 coins, it's putting together all these little transactions, 50 coins, 100 coins, another 100 coins, etc.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 28, 2015, 02:58:29 AM
The dev for BITZ is looking for someone to takeover the coin.  I offered a BARR takeover.  Opinions?

https://bitcointalk.org/index.php?topic=954125.1220


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: EBK1000 on October 28, 2015, 09:25:10 AM
The dev for BITZ is looking for someone to takeover the coin.  I offered a BARR takeover.  Opinions?

https://bitcointalk.org/index.php?topic=954125.1220

BARR is just like any other crypto, just a different distribution by apparently swallowing up some minor alts, but consider the fact that the top 5 altcoins (Litecoin, Ethereum, Bitshares, Dash & Dogecoin) makes up about 97% of the total volume of traded altcoins so if Fractalcoin and Keycoin are wiped out it makes no difference to anything. It's just yet another fad in altcoin distribution.

If BITZ holders wants to swap for BARR that's up to them. I don't hold that many and I'll keep them.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 28, 2015, 10:19:02 AM
...

if Fractalcoin and Keycoin are wiped out it makes no difference to anything. It's just yet another fad in altcoin distribution.





#1, It makes a difference to holders of Fractalcoin and Keycoin.  Both of these networks are on the verge of collapse; when they eventually stop running, all holders will be stuck with their bags forever.  BARR can never stop running unless NXT stops running.  BARR can never be delisted, because its exchange is coded into the NXT wallet.


#2, There will always be fads.  Old coins will become briefly popular again, hyped and re-used for pumps and dumps...but not Fractalcoin or Keycoin.  Nobody will be able to dump them after we destroy their supplies.  

#3, BARR is the only way to earn Altcoin Offset Credits.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 28, 2015, 01:34:58 PM

Now the BITZ dev says instead of turning over the project to someone else, he'll exchange BITZ for other burned altcoins.  Maybe he'll accept BARR, it's too early to say:  https://bitcointalk.org/index.php?topic=954125.1220



And also there's a new Pre-ANN for something called BAC Burn All Coins, but they say they haven't decided how it will work yet.  I'm interested in their solutions to the problems we're working on:  https://bitcointalk.org/index.php?topic=1223028.msg12809972#msg12809972


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 28, 2015, 09:13:02 PM
Alright, the list of ineligible coins is complete for now.  Check page 1, there are 400 coins listed, each with reasons for ineligibility.  

We need community feedback on any updated information, because some of it could already be changed by tomorrow.  A coin may become eligible if a new block explorer is brought online, or if other disqualifying factors are rectified such as Allcoin markets re-opening or coins getting re-listed on an exchange.  If a coin's marketcap is currently higher than we can afford, it could easily become available if its price falls. 

We will appreciate any corrections about information in our list which may be incorrect.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 28, 2015, 10:57:20 PM
We've also updated the list of eligible coins, which includes every coin at CoinMarketCap that appears to be ready for burn redemption.  There are 90 coins, including our 3 launch coins, and we've also added a list of 10 coins that could be eligible as Wild Cards. 

There is a real possibility that we can absorb large percentages of all 100 of these coins over the next 4 years.  We do hope to add more coins from the ineligible list if they become eligible, but we will not be adding any coins launched after 2015 until we've made significant progress on these existing coins. 


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on October 29, 2015, 12:44:06 AM
Less than 72 hours til launch, get your KEY, FRAC, and XAI wallets synced!


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: runpaint on October 29, 2015, 11:19:12 AM
Does anybody else have some suggestions for our December coins?  Ideally we're looking for up to 6 coins plus a Wild Card.  We're leaning towards Lyrabar for the Wild Card, because we're anticipating enough surplus from the first burn period to afford that.  But we were waiting for some more feedback before we started deciding the regular coins for burn.  

If we don't get a few people making requests and/or voting in the next 2 weeks, we'll have to just have to decide some coins and go with them.  Maybe EMC2, Prospercoin, it looked like BITZ would be good, but if none of the community wants it then we'll probably look for something with a better chance of participation.  (Hopefully they'll realize that when your dev offers to give away the entire coin, and nobody even wants it for free, it might not be the time to turn down a good offer.)

It's still very early, so hopefully we'll get more people coming here with ideas after the launch gets going.  


Title: Re: [ANN][BARR]Burning Altcoins for Redemption and Reduction- Altcoin Offset Credits
Post by: BARR_Official on October 29, 2015, 12:44:37 PM
We've updated the OP with information about OFFS:  BARR Certified Altcoin Offset Credits.

OFFS are only earned by burning BARR, and act as a quantifiable measure of contribution to the crypto community.  The number of OFFS held by a person or group can be used as their Altcoin Offset Rating.  

We hope to establish OFFS as a credibility rating for all new crypto projects and developers, and that will create additional demand and a practical use for buying BARR.

For now the plan is to make them exchangeable, which allows us to issue OFFS as an actual asset which can be held apart from our database.  Anyone's claim of an Altcoin Offset Rating can be publicly verified in a decentralized process, simply by checking the OFFS balance in a NXT account.


Title: Re: [ANN][BARR]Burning Altcoins for Redemption and Reduction- Altcoin Offset Credits
Post by: runpaint on October 29, 2015, 10:47:34 PM
O ffs, there are too many altcoins already.  If you're going to release a new one, you could at least show that you've helped make room for it.  Prove you're serious, with OFFS.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: EBK1000 on October 29, 2015, 11:48:34 PM
... it looked like BITZ would be good, but if none of the community wants it then we'll probably look for something with a better chance of participation.  (Hopefully they'll realize that when your dev offers to give away the entire coin, and nobody even wants it for free, it might not be the time to turn down a good offer.)

It's still very early, so hopefully we'll get more people coming here with ideas after the launch gets going.  

I didn't offer to give away any BITZ, just the development responsibility. This would not come with BITZ. But, as you say, no takers, so we'll keep going ourselves.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: runpaint on October 30, 2015, 12:27:48 AM

I didn't offer to give away any BITZ




Well I don't really want to argue about it, but you did say this:




Let's see, would you be interested in burning old coins for BITZ, we will offer a fair rate of exchange and will counter offers from BARR. What do you say?




You offered to give away enough BITZ to redeem a million FRAC @ 5000sats, a million KEY @ 5000, and 680,000 XAI @ 7500.

That's about 150 BTC worth of BITZ.

The current marketcap of BITZ is about 6 BTC, which means your offer was empty. 

BARR could offer a value of about 30 BTC for BITZ, which means it's a good deal for BITZ holders. 


Title: Re: [ANN][BARR]Burning Altcoins for Redemption and Reduction- Altcoin Offset Credits
Post by: EBK1000 on October 30, 2015, 05:57:04 AM
One BARR appears to be worth 0.00002834BTC at this point in time and there are 10,000,000 BARRs out there

http://i.imgur.com/epyDOrV.png

30BTC = 1,058,223 BARR

So how many BARRs per BITZ are you going to offer to BITZ holders?

Sorry if this is mentioned elsewhere, but how many BARR per FRAC will you offer?


Title: Re: [ANN][BARR]Burning Altcoins for Redemption and Reduction- Altcoin Offset Credits
Post by: BARR_Official on October 30, 2015, 11:58:56 AM
One BARR appears to be worth 0.00002834BTC at this point in time and there are 10,000,000 BARRs out there



Incorrect.  Where did you get that figure?  BARR is at 3.3 NXT, so it's more like .00009000 BTC.

And there are 0 BARRs currently out there in circulation, with a maximum of 1,500,000 issued by the end of the first exchange period, if we burn 100% of the supplies of KEY, FRAC, and XAI.





Quote
30BTC = 1,058,223 BARR

So how many BARRs per BITZ are you going to offer to BITZ holders?

Sorry if this is mentioned elsewhere, but how many BARR per FRAC will you offer?



You were the first person to respond on this topic, you've responded multiple times, and you're sure you don't want to participate.  You've even mockingly offered your own burn redemption to compete with BARR.

But you don't know the first detail about what we're doing?  You've declined our offer, but you don't know what the offer is?  You've offered to match our exchange for Fractalcoin, but you don't know what you're offering to match?  If you read the thread, maybe you'll change your mind about BARR.

We're offering to put up buywalls for FRAC at up to 5000 satoshis, and to exchange 1 FRAC for .5 BARR.  Our estimated price for BARR is 10,000 satoshis.  But since prices can change, and we're subject to the price of NXT, the price of BTC, the price of BARR, and the price of FRAC, the exchange rate is fixed for the 30-day burn period.  3 NXT was worth 10,000 satoshis when we set the exchange rate 2 weeks ago, but it's less now.  It could be a lot more than that by the end of the burn period, but there's no way of knowing.

So no matter what happens with any of the prices, we will honor all exchanges of FRAC at the set rate of .5 BARR per FRAC, or 2 FRAC for 1 BARR, and we will attempt to buy all FRAC at Cryptsy at up to 5000 satoshis, until the exchange period ends on November 30.

It's too early to set an exchange rate for BITZ for December, but one possibility is a value of BARR at 15,000 satoshis and BITZ at 1500, with an exchange rate of .1 BARR per BITZ, or 10 BITZ for 1 BARR.  That means all BITZ holders would have the opportunity to sell their BITZ for .00001500btc, or exchange it for BARR at the same value.  And then at the end of December, we would stop exchanging for BITZ and stop buying BITZ.





Title: Re: [ANN][BARR]Burning Altcoins for Redemption and Reduction- Altcoin Offset Credits
Post by: BARR_Official on October 30, 2015, 12:16:41 PM
36 hours until launch!


Title: Re: [ANN][BARR]Burning Altcoins for Redemption and Reduction- Altcoin Offset Credits
Post by: BARR_Official on October 30, 2015, 02:33:31 PM
Somebody else has announced that they want to have a coin to burn multiple altcoins.  That makes 3 copycats in less than 1 week since we started this ANN.

Why haven't any of them actually put any thought into it?  They're not even copying the important parts of what we're doing.


https://bitcointalk.org/index.php?topic=1231951


Title: Re: [ANN][BARR]Burning Altcoins for Redemption and Reduction- Altcoin Offset Credits
Post by: EBK1000 on October 30, 2015, 10:58:48 PM
 :D I don't want to have an argument with anyone, I guess I was taken a bit by surprise by your proposals. I'll keep an eye on your project and see how it progresses and I wish you well...


Title: Re: [ANN][BARR]Burning Altcoins for Redemption and Reduction- Altcoin Offset Credits
Post by: BARR_Official on October 30, 2015, 11:18:05 PM
:D I don't want to have an argument with anyone, I guess I was taken a bit by surprise by your proposals. I'll keep an eye on your project and see how it progresses and I wish you well...


Thanks!  BITZ seems like a good coin, so you must be doing a good job.


Title: Re: [ANN][BARR]Burning Altcoins for Redemption and Reduction- Altcoin Offset Credits
Post by: BARR_Official on October 30, 2015, 11:59:40 PM
24 hours til launch!


Title: Re: [ANN][BARR]Burning Altcoins for Redemption and Reduction- Altcoin Offset Credits
Post by: thefix on October 31, 2015, 01:28:07 AM
24 hours til launch!

Good luck!

Hope things go big!


Title: Re: [ANN][BARR]Burning Altcoins for Redemption and Reduction- Altcoin Offset Credits
Post by: jfourthytwo on October 31, 2015, 11:35:19 AM
How BARR check the "proof-of-burn"  - btw: nice concept.


Title: Re: [ANN][BARR]Burning Altcoins for Redemption and Reduction- Altcoin Offset Credits
Post by: BARR_Official on October 31, 2015, 12:00:16 PM
24 hours til launch!

Good luck!

Hope things go big!


Thanks!  12 hours until launch.


Title: Re: [ANN][BARR]Burning Altcoins for Redemption and Reduction- Altcoin Offset Credits
Post by: BARR_Official on October 31, 2015, 12:25:06 PM
How BARR check the "proof-of-burn"  - btw: nice concept.


To burn coins for BARR, first you make sure your altcoin is accepted during the current exchange period.  November 1 to November 30 we are accepting Fractalcoin at .5 BARR, Keycoin at .5 BARR, and Sapience at .75 BARR.

Before you burn your coins, send us a private message here and tell us which coin you're burning, how many coins, and your NXT address.

After you send your coins to the burn address, send us another private message with the transaction id.  We will verify it on the blockchain, and then send your BARR to your NXT address.

We will keep all transaction IDs in a downloadable spreadsheet so that anyone can verify them.

Please see Page 1 of this topic for the complete instructions and rules for burn exchange.


The burn address for Fractalcoin is FVAiSujNZVgYSc27t6zUTWoKfAGxc8CEW5

The burn address for Keycoin is K7D9JtQxx7rRoWGu6szLpeFQKhbSzyUbC8

The burn address for Sapience is AFmseVrdL9f9oyCzZefL9tG6UbvhPbdYzM

These burn addresses can be verified as unspendable because they return a hash with a long string of zeroes. 










Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - LAUNCHING TONIGHT
Post by: BARR_Official on October 31, 2015, 06:25:45 PM
We have announced our auxiliary project OFFS - Altcoin Offset Credits. 

OFFS can be earned by burning BARR.

Details are available at https://bitcointalk.org/index.php?topic=1233350


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - LAUNCHING TONIGHT
Post by: BARR_Official on October 31, 2015, 10:36:56 PM
Burn exchange begins in 85 minutes.

Remember to message us first before you burn. 

If your coins are on exchanges, you can withdraw them directly to the burn address, no need to have a wallet for each altcoin.

If your withdrawal is too large to process, send it in smaller transactions and send us the txid for each.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - LAUNCHING TONIGHT
Post by: BARR_Official on October 31, 2015, 11:46:39 PM
15 minutes to launch, watch these burn addresses:


http://www.blocktree.io/address/XAI/AFmseVrdL9f9oyCzZefL9tG6UbvhPbdYzM


http://www.multifaucet.tk/index.php?address=FVAiSujNZVgYSc27t6zUTWoKfAGxc8CEW5&blockexplorer=FRAC


http://www.multifaucet.tk/index.php?address=K7D9JtQxx7rRoWGu6szLpeFQKhbSzyUbC8&blockexplorer=KEY


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - LAUNCHING TONIGHT
Post by: runpaint on October 31, 2015, 11:55:43 PM
We have moved the Fractalcoin market to 5000 satoshis, the Keycoin market to 5000 satoshis, and the Sapience markets to 7500 satoshis at Bittrex, Cryptsy, and Poloniex.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - LAUNCHING TONIGHT
Post by: BARR_Official on October 31, 2015, 11:58:35 PM
If our buywalls get dumped to nothing, don't panic.  We'll be back tomorrow to check on them, so you might regret selling lower.  And if tomorrow's buywalls get filled, we'll be back again next week.  The burn exchange lasts all month, so there's no need to worry if we run out of BTC.  We'll get more.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - LAUNCHING TONIGHT
Post by: BARR_Official on November 01, 2015, 12:00:27 AM
It's midnight, we're live!


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - LAUNCHING TONIGHT
Post by: EBK1000 on November 01, 2015, 12:03:09 AM
We have moved the Fractalcoin market to 5000 satoshis, the Keycoin market to 5000 satoshis, and the Sapience markets to 7500 satoshis at Bittrex, Cryptsy, and Poloniex.

FRAC @ Cryptsy
0.00005000   188.28413984   0.00941421

Doesn't look like a buywall


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - LAUNCHING TONIGHT
Post by: runpaint on November 01, 2015, 12:06:53 AM
We have moved the Fractalcoin market to 5000 satoshis, the Keycoin market to 5000 satoshis, and the Sapience markets to 7500 satoshis at Bittrex, Cryptsy, and Poloniex.

FRAC @ Cryptsy
0.00005000   188.28413984   0.00941421

Doesn't look like a buywall



Thanks for participating in our launch.  Hopefully it will be just as successful as when we burn BITZ.

As anyone can see, there is a larger buy order at 4990.  If we put our buywall at 5000, then nobody else will be able to buy for 5000.  We're allowing other people to buy at the target price, because burning these coins is the only way they can get BARR. 



Title: Re: [ANN] [BARR] Now Exchanging Keycoin, Fractalcoin, and Sapience
Post by: runpaint on November 01, 2015, 12:24:36 AM
-sigh-

Fractalcoin wallet now rescanning.  I sent 2 smaller transactions, but then I broke it by sending one too big. 

The fact that these things barely work is an excellent example of why we're doing this project.


Title: Re: [ANN] [BARR] Now Exchanging Keycoin, Fractalcoin, and Sapience
Post by: BARR_Official on November 01, 2015, 01:04:30 AM
Alright, it's after midnight and I've been trying to send 3 transactions for over an hour.  

It's ridiculous - and all three of these coins are in the top 225 coins at CoinMarketCap.  These are supposedly among the top coins, and they don't even work properly.  See what we've been talking about?  There is no chance that they could survive long-term like this.

The Fractalcoin wallet rescanned and is now empty, but Sapience and Keycoin are also being stubborn.  They take 5 minutes just to right-click and "copy transaction ID".

I would have given up and gone to bed already, but I'm encouraged by the idea of never having to use these wallets again.  Actually I'm leaving in a little KEY and XAI until the end of the month, so they can continue staking and processing transactions.  We wouldn't want the network to completely fail before we're done sending our coins.  But after that, I'll never have to use these wallets again.

-edit-
Hi, runpaint here.  It'll be me on this account of course some of the time, or one of our other team members processing the transactions.  The person otherwise known as "BARR_Official" doesn't have another bitcointalk account and mainly does our data entry.  Just wanted to clear that up, since it may sometimes appear that I'm talking to myself between these two accounts. 


Title: Re: [ANN] [BARR] Now Exchanging Keycoin, Fractalcoin, and Sapience
Post by: BARR_Official on November 01, 2015, 01:59:41 AM
Almost done with the Sapience wallet.  It's a pain. 

I'm about to get some sleep, someone will be checking the messages in the morning to process your transactions.

Thanks to everyone who has participated so far, and to everyone who has supported us.


Title: Re: [ANN] [BARR] Now Exchanging Keycoin, Fractalcoin, and Sapience
Post by: BARR_Official on November 01, 2015, 12:33:36 PM
Good morning everyone (or afternoon).  

As of now we are still successfully maintaining our target prices of 5000 satoshis for Fractalcoin, 5000 for Keycoin, and 7500 for Sapience at Cryptsy, Polo, and Trex.

Some Sapience was dumped well below our target last night (only at Bittrex), but we have brought the price back up.  It will probably drop again if we don't get more people buying, but again it will be temporary.  

We have already burned 43% of all existing Sapience coins, which is about $7,000 worth of the $16,000 marketcap.  We're making progress on Keycoin and Fractalcoin as well, with almost 20% of each already burned, which means we've exchanged about $12,000 worth of coins for BARR.


Title: Re: [ANN] [BARR] Now Exchanging Keycoin, Fractalcoin, and Sapience
Post by: paolo77 on November 01, 2015, 03:46:35 PM
where i can buy some barr assets? on market there are' nt  barr for sale !!!


Title: Re: [ANN] [BARR] Now Exchanging Keycoin, Fractalcoin, and Sapience
Post by: BanzaiBTC on November 01, 2015, 04:05:29 PM
Please take Chipcoin of your potential lists... thanks...


Title: Re: [ANN] [BARR] Now Exchanging Keycoin, Fractalcoin, and Sapience
Post by: BARR_Official on November 01, 2015, 04:12:20 PM
where i can buy some barr assets? on market there are' nt  barr for sale !!!

I'm transferring some to the Market Fund that was earned with some burned KEY and FRAC, and we'll go ahead and sell some.

(When the Market Fund sells BARR for NXT, it uses the NXT to buy more BARR.  When it buys BARR, it sells it for more NXT, etc.)


Title: Re: [ANN] [BARR] Now Exchanging Keycoin, Fractalcoin, and Sapience
Post by: BARR_Official on November 01, 2015, 04:14:06 PM
Please take Chipcoin of your potential lists... thanks...


If the coin is working and people who hold the coin want to burn it, then it's still a possibility.  Of course if it doesn't seem like many holders would be interested, then we probably won't offer it for exchange. 


Title: Re: [ANN] [BARR] Now Exchanging Keycoin, Fractalcoin, and Sapience
Post by: orco#2 on November 01, 2015, 04:25:35 PM
So there are only three coins being burned at the moment?  Is that what I am seeing?


Title: Re: [ANN] [BARR] Now Exchanging Keycoin, Fractalcoin, and Sapience
Post by: orco#2 on November 01, 2015, 04:27:40 PM
You guys should get Crypty or another exchange to take custody of the funds & ensure that the coins are sent into oblivian


Title: Re: [ANN] [BARR] Now Exchanging Keycoin, Fractalcoin, and Sapience
Post by: BARR_Official on November 01, 2015, 04:37:54 PM
You guys should get Crypty or another exchange to take custody of the funds & ensure that the coins are sent into oblivian



We never handle people's altcoins.  They send their coins to a burn address, directly from their own wallet, or they can withdraw directly from an exchange to the burn address.  Then they prove that the coins were destroyed by showing their transaction ID.  Then we transfer the BARR to them.  

All transaction IDs are publicly available so you can verify them on a block explorer for each coin - click the explorer links we posted a few posts back, and you will see how many of each coin we've burned today.  Coins sent to these addresses cannot be spent, because the hash has a long string of zeroes.

And yes, we are only doing 3 coins during November.  After November these 3 coins will no longer be exchanged for BARR, and we'll do another coin or coins for December.  For now, especially until we get more participation, we are limited by how much bitcoin we have.  Part of the exchange process is that we try to uphold the price for the altcoins during the exchange period, to give people incentive to exchange their coins for BARR, or they can just sell them to us and we'll burn them ourselves.  That way, anyone who doesn't want BARR can still benefit from the opportunity to sell their coins on a market that previous had a lower price and no volume.


Title: Re: [ANN] [BARR] Now Exchanging Keycoin, Fractalcoin, and Sapience
Post by: runpaint on November 01, 2015, 05:35:08 PM
I'll repost the burn addresses and explorer links so they're easy to find:


The burn address for Fractalcoin is FVAiSujNZVgYSc27t6zUTWoKfAGxc8CEW5

The burn address for Keycoin is K7D9JtQxx7rRoWGu6szLpeFQKhbSzyUbC8

The burn address for Sapience is AFmseVrdL9f9oyCzZefL9tG6UbvhPbdYzM



Explorers:


http://www.blocktree.io/address/XAI/AFmseVrdL9f9oyCzZefL9tG6UbvhPbdYzM


http://www.multifaucet.tk/index.php?address=FVAiSujNZVgYSc27t6zUTWoKfAGxc8CEW5&blockexplorer=FRAC


http://www.multifaucet.tk/index.php?address=K7D9JtQxx7rRoWGu6szLpeFQKhbSzyUbC8&blockexplorer=KEY


Title: Re: [ANN] [BARR] Now Exchanging Keycoin, Fractalcoin, and Sapience
Post by: BARR_Official on November 01, 2015, 11:12:31 PM
Alright, it's been almost 24 hours so we'll post some results:



263,919 Keycoins have been burned, and redeemed for 131,960 BARR.

308,059 Fractalcoins have been burned, and redeemed for 154,030 BARR.

297,339 Sapience AIFX coins have been burned, and redeemed for 223,005 BARR.



508,995 BARR has been distributed, out of 10,000,000, which would leave 9,491,005 BARR in the Burn Fund -

but 30,000 BARR has been burned and redeemed for 30,000 OFFS, which brings the Burn Fund back up to 9,521,005 BARR.



We have burned over 27% of all Keycoins, with a market value of $4,350.

We have burned over 30% of all Fractalcoins, with a market value of $5,080.

We have burned over 43% of all Sapience coins, with a market value of $7,360.



In the first 24 hours, BARR has removed $16,790 worth of altcoins from the market, and absorbed them into BARR.



Title: Re: [ANN] [BARR] Now Exchanging Keycoin, Fractalcoin, and Sapience
Post by: EBK1000 on November 02, 2015, 05:03:31 AM
Alright, it's been almost 24 hours so we'll post some results:



263,919 Keycoins have been burned, and redeemed for 131,960 BARR.

308,059 Fractalcoins have been burned, and redeemed for 154,030 BARR.

297,339 Sapience AIFX coins have been burned, and redeemed for 223,005 BARR.



508,995 BARR has been distributed, out of 10,000,000, which would leave 9,491,005 BARR in the Burn Fund -

but 30,000 BARR has been burned and redeemed for 30,000 OFFS, which brings the Burn Fund back up to 9,521,005 BARR.



We have burned over 27% of all Keycoins, with a market value of $4,350.

We have burned over 30% of all Fractalcoins, with a market value of $5,080.

We have burned over 43% of all Sapience coins, with a market value of $7,360.



In the first 24 hours, BARR has removed $16,790 worth of altcoins from the market, and absorbed them into BARR.



As BARR is an asset and not a currency, will we get dividends on BARRs held?


Title: Re: [ANN] [BARR] Now Exchanging Keycoin, Fractalcoin, and Sapience
Post by: BARR_Official on November 02, 2015, 12:54:52 PM

As BARR is an asset and not a currency, will we get dividends on BARRs held?




From Page 1:


覧覧覧覧覧覧覧覧覧覧覧覧


Burning Altcoins for Redemption and Reduction is a new cryptocurrency on the NXT Asset Exchange.




That's the first full sentence in the OP.  You don't even have to read it all.

BARR is a currency.



On a related subject -

Now that you have announced BITZx on the NXT Asset Exchange, how will you run it differently from how you've run BITZ? 

Last week, you announced that you didn't want to run BITZ anymore, and the price crashed on the news that the dev didn't think it was worth the cost of running nodes.  You wanted someone else to take it over, and BARR was the only one who offered.  But then you decided that you didn't want your investors to be able to exchange their BITZ for BTC or BARR, so you said you would continue as dev solely to prevent BITZ holders from benefiting from a BARR swap.

Do you think your track record of giving up and changing your mind will affect investor confidence in BITZx?


Title: Re: [ANN] [BARR] We have burned $16,000 worth of altcoins in the first 24 hours
Post by: BARR_Official on November 02, 2015, 05:21:33 PM

We're going to try a new voting system to decide which coins will be burned next.  If this voting system works for the next burn period, we'll stick with it.

Voting will be done with BARR, to ensure that the process can only be influenced by BARR holders.  If any altcoin's community wants to benefit from the BARR exchange process, they must first benefit the BARR community a little bit.

To vote for an altcoin to be accepted during the next burn period, send BARR to the Market Fund and include a message with the transaction naming the coin or coins you are voting for (don't encrypt the message).  1 BARR equals 1 vote.

In the future we may have a dedicated voting address for each coin, but for now there is no need to create 100 separate NXT accounts just for voting. 

At 12:00 AM on the 15th of each month, the 3 eligible coins with the most votes will be set as the coins to be burned during the next exchange period.

We may burn more than 3 coins from the voting list if the allocated funds allow it, as well as 1 coin from the Wild Card list if the surplus funds allow it. 

In the future, if the allocated funds for a burn period are only enough to exchange the entire supply of the top voted coin, then we may burn only 1 coin during a burn period. 

Coins must be on the currently-eligible list on Page 1 of this thread to qualify for voting.  If a coin becomes ineligible after the voting process and cannot be burned, e.g. due to exchange delisting or block explorer failure, its votes will be saved towards the next burn period in which it may be eligible.   

The address of the BARR Market Fund is NXT-59NQ-AA5B-V4NT-HAZLY, and all voting funds will be used to support the market.  All NXT and BARR in the Market Fund are never transferred to any other account, unless it is a burn transaction sent to the Burn Fund.






Title: Re: [ANN] [BARR] We have burned $16,000 worth of altcoins in the first 24 hours
Post by: drakoin on November 03, 2015, 01:22:29 PM
Interesting experiment. Kudos for all the work you are putting into this.

Not sure I have fully understood it yet, though.

The supply side, I get: You are holding an abundance of asset 7823929696462256005 (https://nxtportal.org/assets/7823929696462256005), and whoever is burning his XAI, FRAC, KEY ... will get some of that asset transfered. Correct?

The demand side, I do not understand yet. Who would want to buy BARR, and why?

What are your plans with BARR? What are income streams? Plans for dividends? Where will they come from?

Are you perhaps speculating with the remaining XAI, FRAC, KEY coins, and will distribute trading profits from that, to your asset shareholders? Then why is dividends better than simply holding XAI, FRAC, KEY?


Thanks a lot


Title: Re: [ANN] [BARR] We have burned $16,000 worth of altcoins in the first 24 hours
Post by: BARR_Official on November 03, 2015, 02:45:13 PM
Interesting experiment. Kudos for all the work you are putting into this.

Not sure I have fully understood it yet, though.

The supply side, I get: You are holding an abundance of asset 7823929696462256005 (https://nxtportal.org/assets/7823929696462256005), and whoever is burning his XAI, FRAC, KEY ... will get some of that asset transfered. Correct?


That's right, all 10,000,000 BARR that will ever exist come from the Burn Fund;  BARR coins in the Burn Fund are never sold, only exchanged for free as a swap to people who burn their altcoins.  After our launch the Burn Fund has 9,521,005 BARR remaining.

So far we have burned 869,000 altcoins, with an approximate current value of $18,000, in exchange for 478,995 BARR.  That gives BARR an estimated value of over 3 cents each.

All burn transactions are available on the block explorers for KEY, FRAC, and XAI, to show that the BARR was legitimately earned:


http://www.blocktree.io/address/XAI/AFmseVrdL9f9oyCzZefL9tG6UbvhPbdYzM


http://www.multifaucet.tk/index.php?address=FVAiSujNZVgYSc27t6zUTWoKfAGxc8CEW5&blockexplorer=FRAC


http://www.multifaucet.tk/index.php?address=K7D9JtQxx7rRoWGu6szLpeFQKhbSzyUbC8&blockexplorer=KEY







Quote
The demand side, I do not understand yet. Who would want to buy BARR, and why?



#1, BARR acts as a swap for holders of these altcoins.  Their altcoins are dying, but nobody else is willing to run a community takeover.  So before their coins completely stop running, get delisted from exchanges, and/or lose all value, they can swap those coins for BARR.

People can choose BARR if they believe it has a better chance of surviving long-term than the altcoins they're burning.



#2, Buying BARR helps support the value of BARR, and that contributes to our ability to exchange and burn more altcoins.  Even if someone doesn't hold any of the altcoins we're burning, they can still participate and help us burn coins simply by buying BARR on the market, from sellers who earned their BARR by burning altcoins.  

So people can choose to invest in BARR because they believe that it serves a valuable purpose.



#3, Burning BARR is the only way to earn OFFS, Altcoin Offset Credits.  If someone wants OFFS, they first have to get some BARR.

More information about OFFS:  https://bitcointalk.org/index.php?topic=1233350



#4,  When BARR accepts an altcoin for burn exchange, it can potentially cause increased trading activity for that coin.  Holders of a certain coin may want to benefit from a BARR exchange, but they will first have to get some BARR and spend it in the voting process for their coin.

Buying BARR for voting is the primary method people can use to bring our services to the coin of their choice.



#5, People can buy BARR for any of the reasons they buy any other altcoin.  It can serve as a store of value, a currency, a payment method, or a way to transfer funds instantly to anywhere in the world.


  


Quote
What are your plans with BARR? What are income streams? Plans for dividends? Where will they come from?


We have a plan mapped out to absorb/burn/exchange up to 100% of the entire coin supplies of 100 different altcoins over the next 4 years.

Although BARR is built on the NXT platform as an asset, we intend for it to function as a regular cryptocurrency.  It does not pay dividends, because we want BARR's value to come from the functions it performs rather than speculation on expected dividends.  

None of the coins we are burning pay dividends, and BARR takes the place of those coins just as any coin-swap does.  The main difference is that we're swapping more than one coin.  

In order to continue the swaps indefinitely, we use a "difficulty" level in order to reduce rewards at regular intervals, much like the block reward halving of a PoW coin.  That, together with the BARR sent back to the Burn Fund in exchange for OFFS, will allow us to continue without ever running out of BARR.

More on the plans for the future of BARR distribution can be found at http://barr.me/how




Quote
Are you perhaps speculating with the remaining XAI, FRAC, KEY coins, and will distribute trading profits from that, to your asset shareholders?


We've burned 43% of all XAI.  That is a good indicator that we haven't held anything back, and it's in our rules that we will never keep extra altcoins on the side, nor will we ever sell the altcoins we are burning during an exchange.  The only possible exception would be for Wild Card coins - we may keep some of our personal coins in the case of a Wild Card, but even then we will not sell into a market during an exchange period while we're buying.  

If we had more XAI, we would burn it.  We are still buying, and we will burn everything we buy.  Everyone who sells to us right now is participating, because their coins will be burned after we buy them.

The ultimate success for us would be to swap the full 100% of a coin's supply to BARR;  that may never be possible, especially with unknown percentages of lost coins, but we will always try to get as close as we can.  For us to sell any coins at all would work against our goals.

We're throwing all our BTC into supporting the prices of the current altcoins, so there's no room for us to sell any.  We're the main ones buying.  And we honestly don't want to be stuck holding these coins after the exchange period ends, because we believe in what we're doing.  We want to destroy as many of these coins as we can, and we want BARR instead.  (There is also the possibility that these coins will crash as soon as we stop buying, so it would be a big risk to keep any.)




Quote
Then why is dividends better than simply holding XAI, FRAC, KEY?


There are no dividends from BARR, but there are no dividends from XAI, FRAC, or KEY either.

We believe that holding BARR is better than holding these coins, because these coins are slowly dying and will eventually cease to function.  If the coins completely die, all holders will lose 100% of their investment.  

If and when these altcoins are delisted, there will be no easy way to trade them.  But BARR can never be delisted from the NXT Asset Exchange.  

These altcoins have no developers, and their networks may fail at any time.  BARR's wallet and network are the NXT wallet and network.  That means everything for BARR is already under continual and active development by NXT developers and community, so BARR will function as long as NXT functions.  

Furthermore, these coins are all struggling because there are only a few people in each coin's community.  If we bring them and their coins to BARR, and all of those people combine their efforts into 1 coin, it will already be healthier and more active than any of the coins by themselves.


Title: Re: [ANN] [BARR] We have burned $16,000 worth of altcoins in the first 24 hours
Post by: runpaint on November 03, 2015, 04:46:12 PM

We're going to try a new voting system to decide which coins will be burned next.  If this voting system works for the next burn period, we'll stick with it.

Voting will be done with BARR, to ensure that the process can only be influenced by BARR holders.  If any altcoin's community wants to benefit from the BARR exchange process, they must first benefit the BARR community a little bit.

To vote for an altcoin to be accepted during the next burn period, send BARR to the Market Fund and include a message with the transaction naming the coin or coins you are voting for (don't encrypt the message).  1 BARR equals 1 vote.

In the future we may have a dedicated voting address for each coin, but for now there is no need to create 100 separate NXT accounts just for voting. 

At 12:00 AM on the 15th of each month, the 3 eligible coins with the most votes will be set as the coins to be burned during the next exchange period.

We may burn more than 3 coins from the voting list if the allocated funds allow it, as well as 1 coin from the Wild Card list if the surplus funds allow it. 

In the future, if the allocated funds for a burn period are only enough to exchange the entire supply of the top voted coin, then we may burn only 1 coin during a burn period. 

Coins must be on the currently-eligible list on Page 1 of this thread to qualify for voting.  If a coin becomes ineligible after the voting process and cannot be burned, e.g. due to exchange delisting or block explorer failure, its votes will be saved towards the next burn period in which it may be eligible.   

The address of the BARR Market Fund is NXT-59NQ-AA5B-V4NT-HAZLY, and all voting funds will be used to support the market.  All NXT and BARR in the Market Fund are never transferred to any other account, unless it is a burn transaction sent to the Burn Fund.





If I had known we would be sending BARR to the Market Fund for votes, I wouldn't have donated so many of my personal altcoins to the Market Fund already.  But I think it's a good idea, and worth trying. 

One thing I would like to mention is that our main obstacle is supporting the altcoin markets during the exchange period.  Our Bitcoin is spread pretty thin between Keycoin, Fractalcoin, and three separate markets for Sapience.  If we get more BARR users who show up to help and buy altcoins so they can burn them for BARR, then we won't have to maintain the price by ourselves. 

But until then, if we're going to be doing it mostly on our own, we may be able to absorb a higher percentage of a coin's supply by doing fewer coins at one time.  Maybe we should try just one coin for December, and maybe one Wild Card as well.  If the Wild Card market starts to dump more than we can buy, it's not as important.  So we can focus more on the one regular coin and buy as much as possible, instead of buying smaller percentages of three different coins.  Then, if BARR starts to get more participation, it will allow us to do more coins at one time during future exchange periods. 


Title: Re: [ANN] [BARR] We have burned $16,000 worth of altcoins in the first 24 hours
Post by: BARR_Official on November 03, 2015, 07:39:52 PM
Those are some points to consider, and hopefully we'll get some feedback here.  Either way, we'll continue to use our best judgment to carry the project forward.


Title: Re: [ANN] [BARR] The Price of Bitcoin Jumps on News of BARR Launch
Post by: BARR_Official on November 03, 2015, 11:36:51 PM
http://barr.me/wp-content/uploads/2015/11/MarketcapBefore.png


Title: Re: [ANN] [BARR] The Price of Bitcoin Jumps on News of BARR Launch
Post by: runpaint on November 04, 2015, 02:46:29 PM
I'm still buying, but it's slowed down a little.  On the one hand, the same amount of fiat only gets me .5 BTC instead of 1 BTC.  On the other hand, the value of these altcoins and BARR is going up with Bitcoin as long as we maintain the price.


Title: Re: [ANN] [BARR] The Price of Bitcoin Jumps on News of BARR Launch
Post by: Thenoticer on November 04, 2015, 03:35:45 PM
Truly this project is hard to wrap my head around. However I think if you examin the motivation then it is easier to understand.

You can't examine it from the point of view that barr wants to reduce the altcoin scene and is just consumming dying altcoins. New altcoins will always be created to counter balance the consumed and dead coins and dying coins. And of course if a coin is dieing then why not just let it die as that is the same mission of barr, to reduce the altcoin scene.

But if you look at barr as a clever way to get new users onto the nxt system then it makes complete sense as to why this project exists.




Title: Re: [ANN] [BARR] The Price of Bitcoin Jumps on News of BARR Launch
Post by: runpaint on November 04, 2015, 03:50:03 PM
New altcoins will always be created to counter balance the consumed and dead coins and dying coins. And of course if a coin is dieing then why not just let it die as that is the same mission of barr, to reduce the altcoin scene.




If it dies, then all its holders lose all their money.

If it doesn't die, then it continues limping along, taking up space on the market, leaving its holders with their money tied up forever.

Either way, BARR offers another option and serves a valuable purpose.




Quote
But if you look at barr as a clever way to get new users onto the nxt system then it makes complete sense as to why this project exists.


We've burned over $20,000 worth of altcoins.  If we wanted to get people into NXT, we would have done better to give away $20,000 worth of NXT.

But most of the people participating don't even have to get involved with NXT, since they can just sell their altcoins on the market.  BARR is allowing them to get out of their altcoin without getting into BARR.






Title: Re: [ANN] [BARR] The Price of Bitcoin Jumps on News of BARR Launch
Post by: BitcoinNational on November 04, 2015, 06:13:16 PM
the "we" refered to in price support references a specific group of people or all people participating in this thread who decide to help support the price? im guessing any coins acquired through dumps on buywalls will be burned for BARR.

Jase Money what bag are you holding?

Barr did an pretty damn good review of qualified candidates ... did it miss your coin of choice?

It was a test run.  More to follow.  Make your case for the coin you're wishing to burn.

XAI and FRAC have had positive results ... but both were fair coins (relatively) and suffered from dev abandonment yet still had solid market performances ...  not the hot for a week then dumped.  KEY the same history too, and this weeks numbers show 3 of 3, not a bad program!

This, i hope, is a long term project so may the cream rise to the top of the list.  So far 3/3.  Why the whine?


Title: Re: [ANN] [BARR] The Price of Bitcoin Jumps on News of BARR Launch
Post by: runpaint on November 04, 2015, 06:17:45 PM
I think he was just asking where the buywalls would come from during burn exchanges.

I was hoping the buywalls would come more from $250 bitcoins rather than $500 bitcoins, but I guess we'll see what happens.


Title: Re: [ANN] [BARR] We have burned $20,000 worth of altcoins
Post by: BARR_Official on November 04, 2015, 07:28:09 PM
http://barr.me/wp-content/uploads/2015/11/Marketcap2.png


Title: Re: [ANN] [BARR] We have burned 45% of all existing Sapience AIFX coins
Post by: runpaint on November 04, 2015, 10:22:51 PM
I've just burned another 18,000 XAI, which brings the total of burned coins to 45% of the Sapience supply.

People are still selling as much as we can buy, so we'll be burning more.  Hopefully the price of Bitcoin will get a little lower and we can take that 1.5 BTC buywall down at Bittrex.



Title: Re: [ANN] [BARR] We have burned 45% of all existing Sapience AIFX coins
Post by: Hoganye on November 05, 2015, 02:00:38 AM
Quote
ASN   Ascension    - Delisted from Bittrex today or not?  Hippie Tech says there was a Trojan in the wallet?  (Not the latex kind)

There was never a virus of any kind in any ASN file or download. Out of hundreds of unique downloads across all platforms only one person ever made such claims. His posted 'evidence' was laughable.



Title: Re: [ANN] [BARR] We have burned 45% of all existing Sapience AIFX coins
Post by: BARR_Official on November 05, 2015, 02:02:29 AM
Quote
ASN   Ascension    - Delisted from Bittrex today or not?  Hippie Tech says there was a Trojan in the wallet?  (Not the latex kind)

There was never a virus of any kind in any ASN file or download. Out of hundreds of unique downloads across all platforms only one person ever made such claims. His posted 'evidence' was laughable.





Thank you, we will remove that from the information


Title: Re: [ANN] [BARR] We have burned 45% of all existing Sapience AIFX coins
Post by: BARR_Official on November 05, 2015, 10:02:37 PM
We've had a few more XAI burned by new BARR users today, but the only new activity for FRAC and KEY is people selling it to us at Cryptsy.

Anybody else have an old Keycoin or Fractalcoin wallet you forgot about?  Now's a good time to get it synced!


Title: Re: [ANN] [BARR] We have burned 45% of all existing Sapience AIFX coins
Post by: BitcoinNational on November 06, 2015, 08:47:19 AM

The demand side, I do not understand yet. Who would want to buy BARR, and why?

What are your plans with BARR? What are income streams? Plans for dividends? Where will they come from?

Are you perhaps speculating with the remaining XAI, FRAC, KEY coins, and will distribute trading profits from that, to your asset shareholders? Then why is dividends better than simply holding XAI, FRAC, KEY?


agree / disagree

BARR is just a currency with no intention of purpose other than being a token you earn by burn.

Because it is on the NXT platform it is like an asset, if you wish it could become a currency, but in practice only BTC and LTC achieve currency status.  But BARR could be treated as a store of value.  And the purpose of BARR would be to manage the value stored in the BARR asset.  

So no need for dividends ... they are paid out in the form of price increase.  And there is no mining or network over head so low cost of operations.

Obviously BARR is attempting to burn the lower tiers of coins first.  And as stated this gives 'bag holders' and option to trade up for BARR.  And it pools these investors into a larger group.  Again see the point that BARR runs on top of NXT so the 'Dev' is not needed.

At this stage this is a Beta test.  BARR finds case use by showing this works and can move up the tiers to coins like TIPS or CASINO or even lofty as PPC or LTC or maybe DASH will find reason to burn their ninja mine stash.

I suggest another case use is revamp these coins being burned, that would make BARR a dev studio/lab.

With these coins it would be nice to keep them alive, basic stuff nodes and blockchains (no forks or wallet updates).

BARR_Official seems not so much interested in this?  And rather not hold burned coins because of possible conflicts of interest?

But it doesn't matter.  KEY, FRAC, XAI supporters can keep some of their coins and burn some too ... now they will have 2 assets to sell and reinvest precedes into their community projects.  

I hope that BARR will continue to accept any of the burned coins for redemption ... not anytime/all the time ... but like burn holidays where redemption rates can be adjusted to reflect market prices.

That would cause long term mutual benefits.


Title: Re: [ANN] [BARR] We have burned 45% of all existing Sapience AIFX coins
Post by: BARR_Official on November 06, 2015, 05:45:19 PM
Good points as usual, BitcoinNational.

You're right that we're in a kind of Beta stage, because there are endless possibilities for what could be added.

Burn Holidays are a good idea;  30 days might be too long for some coins, especially ones we've burned before.  If most people burn their coins the first day anyway, we might get almost as much participation doing a special 1-day burn.  Something to think about.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction
Post by: BARR_Official on November 08, 2015, 12:58:21 AM
It's been 7 days since launch - Lots of thanks to everyone who has supported the project and helped us surpass all expectations!


Some updated numbers:


Fractalcoin 314,015 coins burned out of 1,003,589 = 31% of total FRAC supply

Keycoin 279,051 coins burned out of 946,902 = 29% of total KEY supply

Sapience 325,567 coins burned out of 690,460 = 47% of total XAI supply

BARR 30,100 coins burned out of 522,780 in circulation = 5% (self-burned BARR, sent back to the burnfund)

OFFS - 15,000 coins burned out of 30,100 in circulation (permanently destroyed)


Title: Re: [ANN] [BARR] We have burned 29% of all KEY, 31% of all FRAC, and 47% of all XAI
Post by: BARR_Official on November 08, 2015, 02:00:38 AM
http://barr.me/wp-content/uploads/2015/11/MarketCapWeek1.png


Title: Re: [ANN] [BARR] We have burned 45% of all existing Sapience AIFX coins
Post by: tokyopotato on November 10, 2015, 04:03:34 AM

The demand side, I do not understand yet. Who would want to buy BARR, and why?

What are your plans with BARR? What are income streams? Plans for dividends? Where will they come from?

Are you perhaps speculating with the remaining XAI, FRAC, KEY coins, and will distribute trading profits from that, to your asset shareholders? Then why is dividends better than simply holding XAI, FRAC, KEY?


Obviously BARR is attempting to burn the lower tiers of coins first.  And as stated this gives 'bag holders' and option to trade up for BARR.  And it pools these investors into a larger group.  Again see the point that BARR runs on top of NXT so the 'Dev' is not needed.

At this stage this is a Beta test.  BARR finds case use by showing this works and can move up the tiers to coins like TIPS or CASINO or even lofty as PPC or LTC or maybe DASH will find reason to burn their ninja mine stash.

I suggest another case use is revamp these coins being burned, that would make BARR a dev studio/lab.

With these coins it would be nice to keep them alive, basic stuff nodes and blockchains (no forks or wallet updates).

BARR_Official seems not so much interested in this?  And rather not hold burned coins because of possible conflicts of interest?

I very much like this BARR project.  I have envisioned a system of shitcoin burning for a while and while this is very rudimentary - it is functional and showing results.

Nexus is working on blockchain merging which will allow old blockchains to be merged into the Nexus network and economy, or possibly even upgrading older networks with valuable history - basically by running a sidechain of sorts.  This would be for communities or projects that had value.

We can't save everyone or preserve all capital, so it will be interesting to see how this "market capitalization" of BARR will be reflected in BARR/BTC markets.



Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction
Post by: tokyopotato on November 10, 2015, 04:36:46 AM
It's been 7 days since launch - Lots of thanks to everyone who has supported the project and helped us surpass all expectations!


Some updated numbers:


Fractalcoin 314,015 coins burned out of 1,003,589 = 31% of total FRAC supply

Keycoin 279,051 coins burned out of 946,902 = 29% of total KEY supply

Sapience 325,567 coins burned out of 690,460 = 47% of total XAI supply

BARR 30,100 coins burned out of 522,780 in circulation = 5% (self-burned BARR, sent back to the burnfund)

OFFS - 15,000 coins burned out of 30,100 in circulation (permanently destroyed)

I was looking at data of XAI, KEY, FRAC markets and it appears that on Nov. 1st all of these markets experienced price increases due to people buying these coins for redeeming for BARR.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction
Post by: BARR_Official on November 10, 2015, 11:45:54 AM

I was looking at data of XAI, KEY, FRAC markets and it appears that on Nov. 1st all of these markets experienced price increases due to people buying these coins for redeeming for BARR.


That is part of our stated purpose.  The only way to earn new BARR is to burn the accepted altcoins during each burn period, so we have to support the price of these altcoins in order to support the price of BARR. 


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction
Post by: runpaint on November 11, 2015, 05:10:45 PM
Opinions please:

The XAI market at Bittrex is up for delisting again.

I have personally saved it from delisting multiple times in the past.  Right now, I don't have enough money to buy all the sell orders at 7500, and we aren't getting enough community participation to buy them either.  But I could spend the trade fees to create enough volume from buying and selling to myself, and keep it from being delisted.

But we're approaching 50% of the entire XAI supply burned for BARR, and it's still listed at Poloniex and Cryptsy.  If Bittrex delists it, people can send their coins to the other exchanges and hopefully we'll be able to buy all of them by the end of the month. 

If we do save it at Bittrex now, it will probably just get delisted next month anyway. 

So should we see this as a positive step towards completely absorbing XAI into BARR?


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction
Post by: BARR_Official on November 11, 2015, 09:28:45 PM
FRAC is now up to 33%.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction
Post by: djhomeschool on November 12, 2015, 08:46:27 PM
Call me weird, but I love this idea and I'm constantly refreshing this thread for updates and getting none!


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction
Post by: BARR_Official on November 12, 2015, 09:00:44 PM
Call me weird, but I love this idea and I'm constantly refreshing this thread for updates and getting none!


Sorry, we don't want to seem like we're spamming when there's nothing much to report other than business as usual and slow markets.

Right now we're looking at which coins to vote on for December, and scraping up some more BTC to buy KEY, FRAC, and XAI.  If we can manage to buy what's on offer and have an extra buywall, then that buywall can move over to the next coins at the end of the month.  

Other than that, the next big thing is to do some marketing and promotion for OFFS.  Once there are a few sites displaying their OFFS Altcoin Offset Rating, then more people will be willing to participate.  Then when there's a bigger demand for OFFS, there will be a bigger demand for BARR, to burn for OFFS.

What do you think about the XAI market at Bittrex?  Is it better to let it get delisted, or keep it trading for 2 more weeks?


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction
Post by: djhomeschool on November 12, 2015, 10:16:39 PM
XAI shows as 1 BTC worth of volume now, so I think you're OK.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction
Post by: runpaint on November 14, 2015, 05:40:47 PM
I just burned 100,000 BARR in exchange for OFFS.  Hopefully OFFS will never be this cheap again, so I'm stocking up.  Of course, I also hope BARR will never be this cheap again, so I'm still buying as much KEY, FRAC, and XAI as I can to burn for more BARR.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction
Post by: BARR_Official on November 15, 2015, 12:17:49 AM
Alright, it's the 15th and we had 1 vote for ACP Anarchists Prime.  We also had 1 vote for LYB Lyrabar for the Wild Card.

So, unless something happens that forces us to change the plan, December 1st will be the start of Burn Period 2-A for ACP and LYB.


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: 3r197 on November 15, 2015, 01:16:07 PM
Well I still haven't heard back from Mullick at Cryptsy and the support ticket remains open in regards for them to unlock their Craigscoin wallet for withdrawals and deposits.

edit I'll create a new ticket. I responded to my old support ticket (41 days old) again, trying to reason my case for burning them for BARR.
I really don't understand it, if they unlock the coin they earn commission. Heck I'd think one of the biggest supporters of BARR would be exchanges that hold their commission in that specific altcoin. I'd think they'd be full of small wallets of altcoins that they'd want to burn for BARR.

Hopefully he'll at least respond this time.




Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: BARR_Official on November 15, 2015, 01:44:26 PM
Cryptsy support is usually backed-up, and Craigscoin isn't the only wallet offline.  Poloniex just had their Dogecoin wallet offline for 2 days, so I imagine sometimes there aren't enough people to fix all the problems.  The longer it's offline, and the bigger the coin is, the more money they lose.  So I think they do want to fix it, but they just aren't able to get to it yet.


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: BARR_Official on November 15, 2015, 02:56:43 PM
This guy who is copying our burn idea is very angry that BARR won't give up and admit his superiority:

https://bitcointalk.org/index.php?topic=1247145.0


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: zoneout on November 15, 2015, 02:59:32 PM
With less 24% now everything should be different right?


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: BARR_Official on November 15, 2015, 03:06:25 PM
With less 24% now everything should be different right?


Burning BARR is part of the plan, so nothing has changed.  Everything is going pretty well.


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: BARR_Official on November 15, 2015, 03:16:18 PM
BREAKING NEWS:


Digital Credits DGCS has announced that they are submitting to the control of BARR and will burn whatever coins BARR says they have to burn.

Now that Digital Credits is under management by BARR, we recommend that people simply use BARR instead.

More details here:  https://bitcointalk.org/index.php?topic=1247145.0


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: EdgarTheEdge on November 15, 2015, 03:18:02 PM
This is good news, keep it up BARR!! ;D


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: crunck on November 15, 2015, 08:38:25 PM
BREAKING NEWS:


Digital Credits DGCS has announced that they are submitting to the control of BARR and will burn whatever coins BARR says they have to burn.

Now that Digital Credits is under management by BARR, we recommend that people simply use BARR instead.

More details here:  https://bitcointalk.org/index.php?topic=1247145.0

This statement is factually incorrect and untrue.

I suggest the Dev of this coin and the Dev of that coin sort there shit out and stop making false comments.

You are suggesting here that you have control over the other coin, when as in reality you are both just sniping at each other.... and both coins are complete separate entities.

I'm not going to get into a debate about who stole what idea etc I simply don't care, there is only so much people can do with altcoins, and sooner or later this kind of thing was inevitable.

Cheers
Crunck


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: BARR_Official on November 15, 2015, 08:41:45 PM

This statement is factually incorrect and untrue.



If it's a lie, the guy running DGCS told it.


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: kevin1234a on November 15, 2015, 08:53:31 PM
So one guy worked hard other guy stole his idea and launch coin. One gguy did mistake with the nxt asset other guy launched his own blockchain. Ok this thing is understandable but im wondering how burning coins marriage happed. On burning you both are agreed


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: BARR_Official on November 15, 2015, 09:07:43 PM
So one guy worked hard other guy stole his idea and launch coin. One gguy did mistake with the nxt asset other guy launched his own blockchain. Ok this thing is understandable but im wondering how burning coins marriage happed. On burning you both are agreed


BARR was first.  I'm not sure what you mean about a mistake, because everything with BARR has gone well so far.

Then there were multiple people who thought they could announce a copycat coin and rush it to market while making up the details as they go.  

Digital Credits is a sha256 clone that some guy paid a cloner to make.  It has a 200,000,000 coin premine and a block reward of 5 coins per block.  It didn't exist 2 weeks ago, but it's already on C-cex, Yobit, and BTCPoolExchange.  The dcredits website says Step 1 to burn your coins is to sign up at BTCPoolExchange, and then Step 2 is "coming soon".  

The guy running Digital Credits says he will crush BARR by competing against us and offering whatever coins we offer for burn exchange.  I pointed out that by doing that, he has given control over his project to us, allowing us to decide which coins he is going to accept for burn.

I asked him how he can afford to exchange the same coins, when BARR is trading for 60 times the price of DGCS.  He hasn't answered.



Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: kevin1234a on November 15, 2015, 09:25:53 PM
So one guy worked hard other guy stole his idea and launch coin. One gguy did mistake with the nxt asset other guy launched his own blockchain. Ok this thing is understandable but im wondering how burning coins marriage happed. On burning you both are agreed


BARR was first.  I'm not sure what you mean about a mistake, because everything with BARR has gone well so far.

Then there were multiple people who thought they could announce a copycat coin and rush it to market while making up the details as they go. 

Digital Credits is a sha256 clone that some guy paid a cloner to make.  It has a 200,000,000 coin premine and a block reward of 5 coins per block.  It didn't exist 2 weeks ago, but it's already on C-cex, Yobit, and BTCPoolExchange.  The dcredits website says Step 1 to burn your coins is to sign up at BTCPoolExchange, and then Step 2 is "coming soon". 

The guy running Digital Credits says he will crush BARR by competing against us and offering whatever coins we offer for burn exchange.  I pointed out that by doing that, he has given control over his project to us, allowing us to decide which coins he is going to accept for burn.

I asked him how he can afford to exchange the same coins, when BARR is trading for 60 times the price of DGCS.  He hasn't answered.



If selection of POB COINS in your control then avail this oppertunity and make it in your favour. Check how you can list your coin on exchanges but being one of the nxt asset im afraid you wont get much support so carry on with your project and stop worrying about cloning copying stuff.
Better will always win good luck


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: BARR_Official on November 15, 2015, 09:34:39 PM

being one of the nxt asset im afraid you wont get much support



lol.  We've already burned and exchanged $18,000 worth of altcoins.  DGCS has 0.07btc in buy orders.




Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: TheInfidel on November 15, 2015, 09:42:01 PM

being one of the nxt asset im afraid you wont get much support



lol.  We've already burned and exchanged $18,000 worth of altcoins.  DGCS has 0.07btc in buy orders.




lol, yes good summary. But I suggest you just ignore him and do your own thing, he's busy digging his own grave in one of the chatboxes.


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: BARR_Official on November 15, 2015, 11:52:55 PM

lol, yes good summary. But I suggest you just ignore him and do your own thing, he's busy digging his own grave in one of the chatboxes.



Thank you, that's good advice.  I think we made our point in protecting BARR's reputation.  Arguing is ugly and will always turn some people off, but sometimes that's not enough reason to back down.


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: kevin1234a on November 16, 2015, 12:57:32 AM

lol, yes good summary. But I suggest you just ignore him and do your own thing, he's busy digging his own grave in one of the chatboxes.



Thank you, that's good advice.  I think we made our point in protecting BARR's reputation.  Arguing is ugly and will always turn some people off, but sometimes that's not enough reason to back down.

and to justify and defend your point is too :) i have seen other guy in one of the troll box so keep up the good work and let me just go through this NXT wallet wonder why i never used this little giant before :)


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: runpaint on November 16, 2015, 05:24:36 PM
All the ACP people seem pretty excited about BARR, and there's been a big jump in market activity.


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: BARR_Official on November 18, 2015, 12:45:58 PM
If you're planning to burn coins from an exchange, be sure to allow time for any withdrawal issues they may have.  If you wait until the last minute and the withdrawal is delayed, you could miss the deadline.



In other news, DGCS Digital Credits has moved 1,000,000 coins from their "burn fund", and about 89,000 DGCS have been mined with PoW:  

http://explore.dcredits.com/

At dcredits.com, it says "PoB will be handled by our exchange partner, the developers of Digital Credits will have no control over the fund".  

But unless they move the rest of the 200,000,000 premine to the same address where the 1,000,000 has just been moved, the developers will have control over the fund.

They say only 2.6 million coins will be distributed each year for burned coins - why do they need to move 1 million now?

It's worrying that they premined 200,000,000, since that supply will last 76 years if they keep their promises.  But they've already broken their promises:



https://bitcointalk.org/index.php?topic=1234336.msg12934710#msg12934710


Quote from: intristin

 those credits are not in circulation and wont be anytime soon. Burn credits will be distributed at about the same rate as PoW credits, give or take depending on how many coins we target at once. You can always check the richest wallet on the block explorer and compare it to what we spend on burn once it starts to make sure nothing is being stolen.




Based on the dev's own statements, should we assume that over 90% of all DGCS in circulation have been stolen from the dev's premine fund?  

They have a premine of 200 million coins, and they say we can always check the address to make sure the funds are handled properly.  That means they're offering this address as their sole means of public accountability.  

No coins have been burned, but 1 million DGCS have moved - presumably to the BTCpool exchange?  

If BTCpool credits their users' accounts with DGCS, within their own system, it will be impossible for anyone to verify the movement of these coins on the blockchain.  Now there are 2 huge premine funds, and neither is accountable or transparent.  

There hasn't even been an announcement or explanation about these million coins;  they were sent to an address that has already received and sent coins - to a Top 20 wallet, presumably at C-cex or Yobit?  Is there now a million-coin premine "burn fund" in a wallet that has already been selling coins on exchanges?








We take it as a sign of BARR's popularity that we have already inspired copycat projects, although DGCS has only a superficial similarity to BARR.  

But even though DGCS is not designed to accomplish the far-reaching and innovative changes that BARR is already achieving, it should still be managed with honesty and transparency for the sake of investors.  

No BARR has ever moved from our Burn Fund without corresponding and publicly-available transaction IDs for the burned altcoins, as well as the NXT txids for the BARR that was sent.  We've put a lot of time, effort, and money into this idea, and we hope transparency becomes a must-have for all crypto projects.



Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: BanzaiBTC on November 18, 2015, 02:10:59 PM
Very pro.. Bashing on someone else his coin... Either if its you, or him.. That doesnt matter.. Both wrong...

I assume if you we're running a store.. and your neighbour opens the exact same store... You will bash on him to on a daily basis? ::)

You both use different sources.. Bury the fights.. and focus on your projects... just my 2 cents..

Oh, and for your info.. The DGCS dev contacted me even before your account and thread was created on bitcointalk...  ::)
I created his explorer etc... So not sure if you can call this " stealing ideas "... So I think a big apology is at its place here  ::)

 .. Its just a big coincidence this is...


My advise to you both... Leave each other alone...


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: BARR_Official on November 18, 2015, 02:46:54 PM

Very pro.. Bashing on someone else his coin... Either if its you, or him.. That doesnt matter.. Both wrong...



There's no bashing, just pointing out that a million coins moved from the premine address with no explanation.




Quote

You both use different sources.. Bury the fights.. and focus on your projects... just my 2 cents..




It's common sense to protect ourselves from this guy who said he's declaring "war" on BARR and will "crush" us.  

But basically all we've done is quote him.  If you think your dev's words are so damaging to DGCS, take it up with him.





Quote
Oh, and for your info.. The DGCS dev contacted me even before your account and thread was created on bitcointalk...  ::)


Sure.  And no coins will ever move from the DGCS "burn fund" until altcoins are burned.  Any other stories that appear to be false?

Can you provide any evidence that intristin was planning to burn multiple altcoins, before October 12, 2015?  Or was the project a complete secret known only to him and you?  His account was only 2 weeks old at that time.





Quote
I created his explorer etc...


So you're involved with DGCS, and you're here to bash a competing coin.  Follow your own advice.




Quote
focus on your projects...


Let me guess - you just happened to see this topic on Page 1, and you read all 8 pages this morning and posted before anyone else could respond to my post?  Because you're focused on your projects and not BARR.  Right?









Quote
So not sure if you can call this " stealing ideas "...


DGCS stole the term "burn fund" from BARR, they stole their 30-day burn exchange period starting December 1st, and they stole most of their general terminology as well as the language used to explain the purpose of burning altcoins.  

They stole the idea of burning multiple altcoins in exchange for a new coin, and they stole the idea of announcing such a new coin in the month of October 2015.  At least 3 people announced that they would exchange for multiple burned altcoins, all of them after BARR, and DGCS is only 1 of the crowd of imitators.

The DGCS dev even said he was going to burn all the exact same coins BARR burns, although again he might not do what he says he's going to do.

Do you realize that there are 31 days in December?  Then why is DGCS starting with a 30-day burn period?  We started with 30 days because November has 30 days.  This guy literally copied-and-pasted everything from BARR, and then changed a few words.  




Quote

So I think a big apology is at its place here  ::)




I apologize to the crypto community for giving these people the ideas they used to create another pointless altcoin that will soon fail.



Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: BanzaiBTC on November 18, 2015, 03:10:00 PM

Very pro.. Bashing on someone else his coin... Either if its you, or him.. That doesnt matter.. Both wrong...



There's no bashing, just pointing out that a million coins moved from the premine address with no explanation.




Quote

You both use different sources.. Bury the fights.. and focus on your projects... just my 2 cents..




It's common sense to protect ourselves from this guy who said he's declaring "war" on BARR and will "crush" us.  

But basically all we've done is quote him.  If you think your dev's words are so damaging to DGCS, take it up with him.





Quote
Oh, and for your info.. The DGCS dev contacted me even before your account and thread was created on bitcointalk...  ::)


Sure.  And no coins will ever move from the DGCS "burn fund" until altcoins are burned.  Any other stories that appear to be false?

Can you provide any evidence that intristin was planning to burn multiple altcoins, before October 12, 2015?  Or was the project a complete secret known only to him and you?  His account was only 2 weeks old at that time.





Quote
I created his explorer etc...


So you're involved with DGCS, and you're here to bash a competing coin.  Follow your own advice.




Quote
focus on your projects...


Let me guess - you just happened to see this topic on Page 1, and you read all 8 pages this morning and posted before anyone else could respond to my post?  Because you're focused on your projects and not BARR.  Right?









Quote
So not sure if you can call this " stealing ideas "...


DGCS stole the term "burn fund" from BARR, they stole their 30-day burn exchange period starting December 1st, and they stole most of their general terminology as well as the language used to explain the purpose of burning altcoins.  

They stole the idea of burning multiple altcoins in exchange for a new coin, and they stole the idea of announcing such a new coin in the month of October 2015.  At least 3 people announced that they would exchange for multiple burned altcoins, all of them after BARR, and DGCS is only 1 of the crowd of imitators.

The DGCS dev even said he was going to burn all the exact same coins BARR burns, although again he might not do what he says he's going to do.

Do you realize that there are 31 days in December?  Then why is DGCS starting with a 30-day burn period?  We started with 30 days because November has 30 days.  This guy literally copied-and-pasted everything from BARR, and then changed a few words.  




Quote

So I think a big apology is at its place here  ::)




I apologize to the crypto community for giving these people the ideas they used to create another pointless altcoin that will soon fail.



LOL


I am not involved with any other coin then my own... Services I provide have nothing to do with what you are obviously aiming at here.. do your homework kiddo...


And with such a response... Good luck to all the people folowing this guy... We all know who started this so called " fight " between these 2 coins.. You have been bashing in his thread from day one.. You are the one that started this drama.. Not him... lol

I did not pick sides in my last post.. Just pointed out facts.. If they are too hard to handle for you.. I suggest you leave crypto asap.. If you don't believe them.. You better do some more research about the people you are commenting to...

Quote
Very pro.. Bashing on someone else his coin... Either if its you, or him.. That doesnt matter.. Both wrong...


But a very responsible and mature comment you made just now..  :D







Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: BARR_Official on November 18, 2015, 03:16:58 PM
So your only criticism is that we have said true things on the internet that are inconvenient to people who don't want the truth to be discussed?

I just checked your post history, and you haven't gone to any of the DGCS topics and lectured them about spending millions of premined coins that they promised not to spend.

Please come back when you have something worth saying.  But next time don't pretend to be impartial, because you're not a very good liar.

This is the BARR topic, and I'm posting from the BARR_Official account.  That's why I'm posting here.  Why are you here?  Think about it...try to come up with something good...remember how you're not picking sides...


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: BanzaiBTC on November 18, 2015, 03:27:58 PM
So your only criticism is that we have said true things on the internet that are inconvenient to people who don't want the truth to be discussed?

I just checked your post history, and you haven't gone to any of the DGCS topics and lectured them about spending millions of premined coins that they promised not to spend.

Please come back when you have something worth saying.  But next time don't pretend to be impartial, because you're not a very good liar.

Liar huh? wow.. Very nice...

I think you need to look into reality kid.. Why would I make a comment about his premine? That is his responsibility.. I have nothing to do with that coin besides his explorer.. So I am really wondering, why you are taking this to a personal level? You cant deal with facts and critism?

If I posted in his threads or not doesnt make any sense at all.. And is information you can do nothing with...

I also posted in here before if you could leave CHIP alone since we we're on your list.. So thats why I saw the post today, and decided to reply to it.. If it was in his thread.. I wouldve done the same... don't be a wise guy here kiddo.. do your research...


Last post of me in here.. Intelligence is hard to find in this dev.. Good luck all...


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: BARR_Official on November 18, 2015, 03:37:54 PM

Liar huh? wow.. Very nice...


You just said you would never post here again, and you broke your word about 10 minutes later, and then you edited your post to hide what you said.




Quote
Why would I make a comment about his premine?


Why would you make a comment about me talking about his premine?




Quote
That is his responsibility.. I have nothing to do with that coin besides his explorer..


So why are you here arguing?  Why is it "his responsibility" for what your explorer shows, but it's your responsibility to police what I say?  





Quote
So I am really wondering, why you are taking this to a personal level?


What are you talking about?  Would you care to list the personal attacks I've made, and then compare it with what you and intristin have said?  Of course you don't want to do that, because it would show the truth.




Quote
You cant deal with facts and critism?


What facts?  All you've said it "stop talking about the coin I'm involved with".  





Quote
I also posted in here before if you could leave CHIP alone since we we're on your list.. So thats why I saw the post today, and decided to reply to it..


Why are you telling us how to run our coin?  We will burn CHIP if people vote for CHIP.  

And now you are here to tell us not to worry about what other projects are doing?  Again, why don't you follow your own advice?

Did you post in any of the DGCS topics and ask them not to burn CHIP?  Why not?  Because they don't even have a list of coins that they're going to burn, even though they say it's already decided?

But you posted in this topic because CHIP was on our list?  Please tell us, how did you know CHIP was on our list before you clicked this topic?  You claim you were already involved in DGCS, and you say not to worry about what other projects are doing.  So why did you click this topic?




Quote
Last post of me in here..


That's what you said last time.



Quote
Intelligence is hard to find in this dev..


Honesty is hard to find from you and the other people involved with DGCS.


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: BitcoinNational on November 18, 2015, 03:53:39 PM
i have no idea what DGCS is.
so maybe just best to ignore these FUDish rants.


Title: Re: [ANN] [BARR] We have burned 24% of the available BARR supply!
Post by: BARR_Official on November 18, 2015, 04:04:36 PM
i have no idea what DGCS is.
so maybe just best to ignore these FUDish rants.


Yeah, I thought I could just mention that their premine is moving.  I shouldn't get drawn into pointless arguments.

They've been agressively fudding us in C-cex chat, presenting DGCS as the superior alternative to BARR.

They're already listed on C-cex, Yobit, and BTCpool exchange, and they're already on Coinmarketcap too.  All for a coin that didn't exist 2 weeks ago.

When I happened to notice the Digital Credits dev at C-Cex saying that BARR is a worthless shitcoin, and claiming that DGCS was already trading at a higher value, I simply pointed out that the price of BARR was over 100 times more than the price of DGCS.  

He replied that all BARR holders are idiots and will lose all their money.  I asked him why there was only .06 btc on order for DGCS, when he had the money to pay exchanges, pay for a block explorer, pay for a website, and pay a dev to code his wallet.

He then had a meltdown, called me a pussy bitch faggot or something, and continued to rant about destroying me and BARR and crushing us December 1st by burning the same altcoins as BARR and whatever.

So I thought it was important to point out the differences between BARR and DGCS, since people seem to think the projects are similar.



***EDIT***

I just noticed that the entire 200,000,000 coins from the premine have moved from the "burn fund" address.  Maybe they moved 1 million to BTCpool's hot wallet, and the rest to cold storage.  Who knows?    


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction
Post by: BARR_Official on November 18, 2015, 08:55:27 PM
Update:

It turns out that the 1 Million DGCS went to Yobit "to give away".  There are still less than 100,000 coins in circulation from PoW, and the dumping of 1 Million premined coins is already beginning, with another 199 Million to go.  But they held a "vote" on their own forum, and 2 anonymous new users voted to change all the dev's promises, after he asked them to vote for it and allowed 24 hours.

And now they're saying they will give out 5 million coins at launch for burned coins, instead of 2.6 million for an entire year.

Also, you have to send the coins to their exchange instead of actually burning them.  The exchange charges a fee of .5%.

But information is hard to find, since they've started their 5th or 6th official thread and locked the old ones.  The dev has also deleted several of his own posts.

Apparently their plans have changed drastically since last week, when they were still saying that there was absolutely no giveaway and that the premine was never to be used for giveaways.  

The guy running the thing has said multiple times that the premine was 100% to be used for burn exchange only;  He has also repeatedly stated that only 2,628,000 coins per year would be issued from the premine.

I can't quote from locked threads, but here is a link:  https://bitcointalk.org/index.php?action=profile;u=558597;sa=showPosts;start=100

That link also shows the dev promising that all premined funds would be held by an exchange, and not by himself.  In fact, he still has 199 Million and has already given 1 Million to Yobit.


And here is the pre-ANN where intristin criticizes BARR for "knowing which coins will be burned ahead of time" - https://bitcointalk.org/index.php?topic=1231951.20

And now DGCS has decided that they won't even reveal what coins they're burning until 24 hours before they start burning.

Anyway, that's enough updates for now.  I don't think there will be anything to follow for much longer, since they're already dumping the premine so fast. 

Meanwhile BARR is still burning KEY, FRAC, and XAI, and we're getting ready for ACP and LYB!


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction
Post by: BARR_Official on November 19, 2015, 03:15:49 PM
Hello everyone, today is another beautiful day.

Buying has already started for Lyrabar and Anarchists Prime, but the burn doesn't start until December 1st.

We're proud to be the only cryptocurrency that is earned by burning multiple altcoins, and we hope to continue making a positive impact.

We are committed to protecting the value of people's coins that they transfer to BARR, and that is why no BARR has ever been distributed for free or even for money.  If you see BARR for sale, you can personally verify on decentralized blockchains that it was legitimately earned by burning altcoins.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: TrueAnon on November 19, 2015, 04:01:49 PM
You guys should just burn any coin that bobsurplus was involved in as well as other vaporware coin devs like prometheus or igotSpots created coins, and perhaps even other no-name useless devs.  That will surely rid the market of many crapcoins.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on November 19, 2015, 04:15:29 PM
You guys should just burn any coin that bobsurplus was involved in as well as other vaporware coin devs like prometheus or igotSpots created coins, and perhaps even other no-name useless devs.  That will surely rid the market of many crapcoins.


Well, it's complicated, and there are multiple factors to consider.  Any coin that is already dead, or headed that way, doesn't need our help.  It's removed from the market without us, so we can focus on coins that are stubbornly persisting.

It wouldn't make much sense to burn dead coins, or to bring them back to life and re-list them on an exchange, just to get rid of them again.  

And we don't want to give the appearance of rewarding scammers, especially if the devs may still be holding a large percentage of the coin's supply.  We want to discourage bad coins, no encourage them.

But certainly there are plenty of coins and plenty of holders that would benefit from BARR, and in the future we hope to burn several each month.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: TrueAnon on November 19, 2015, 04:44:59 PM
You guys should just burn any coin that bobsurplus was involved in as well as other vaporware coin devs like prometheus or igotSpots created coins, and perhaps even other no-name useless devs.  That will surely rid the market of many crapcoins.


Well, it's complicated, and there are multiple factors to consider.  Any coin that is already dead, or headed that way, doesn't need our help.  It's removed from the market without us, so we can focus on coins that are stubbornly persisting.

It wouldn't make much sense to burn dead coins, or to bring them back to life and re-list them on an exchange, just to get rid of them again.  

And we don't want to give the appearance of rewarding scammers, especially if the devs may still be holding a large percentage of the coin's supply.  We want to discourage bad coins, no encourage them.

But certainly there are plenty of coins and plenty of holders that would benefit from BARR, and in the future we hope to burn several each month.

Good info thanks, and oh yes...forget about this aspect (in bold I made above), good point!


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on November 21, 2015, 06:00:18 PM
Burn Period 2-A will begin December 1st at 00:00 UTC, and will end at 23:59 UTC (6:59PM in New York) on December 30th.

Our accepted altcoins for December are ACP Anarchists Prime and LYB Lyrabar as a Wild Card.




We will be redeeming burned ACP at the rate of .05 BARR per ACP (20 ACP per BARR) with a target price on market of 600 satoshis per ACP.

The burn address for ACP is 1111111111111111111114oLvT2




We will be redeeming burned LYB at the rate of .5 BARR per LYB (2 LYB per BARR) with a target price on market of 6000 satoshis per LYB.

The burn address for LYB is LKDxGDJq5fF4FohAB8zJH24mDDNHDNtqsE




We will be redeeming burned BARR at the rate of .9 OFFS per BARR (~ 1.111 BARR per OFFS) with a target price on market of 12,000 satoshis per BARR.

The burn address for BARR is NXT-HD9P-ZTPP-EHFJ-59VUC




Before sending coins to the burn address, message BARR_Official at bitcointalk and tell us which coin and the amount you're planning to burn.  After you send your coins to the burn address, message us again with the transaction I.D. and your NXT wallet address (not a NXT address from an exchange).  If your NXT address has never received a transaction before, also include the Public Key.  Please see Page 1 of this topic for full details.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on November 21, 2015, 11:24:32 PM
We're still on the lookout for coins to burn down the road, so let us know if there are any good suggestions we don't have on our list.

There are plenty of coins to sift through, but remember there are certain factors that can disqualify a coin.  For example, if there are only 100,000 coins from PoW, but the dev makes a secret deal to give away a million premined coins to one person, that inflates the marketcap 10 times more than it should be.  So we try to find out if there's anything fishy going on;  we don't want to participate in some kind of scam or rip-off.





http://barr.me/wp-content/uploads/2015/11/Near-Dead-Coins.png


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on November 22, 2015, 01:49:22 PM
We've burned some more coins this weekend, bringing Keycoin up to 30% of the entire supply, and Sapience up to 48%.

We've also updated the OP with more details about the December exchange period.



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: paolo77 on November 22, 2015, 02:05:37 PM
Hello, I  can start burning  ACP and LYB?
Or do I have to wait for December?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: kryptologist on November 22, 2015, 05:50:07 PM
so you want to reduce the number of altcoins by making another super garbage one LOL


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on November 22, 2015, 06:52:41 PM
Hello, I  can start burning  ACP and LYB?
Or do I have to wait for December?

December 1


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on November 22, 2015, 06:54:28 PM
so you want to reduce the number of altcoins by making another super garbage one LOL


Excellent point.  We have indeed released yet another altcoin, increasing the number of altcoins.

That is why the BARR project has earned OFFS Altcoin Offset Credits, proving that we have reduced and recycled other altcoins to balance the coins we are creating.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on November 23, 2015, 04:22:04 AM
Easy links to view the burn transactions for LYB and ACP:



http://bitexp.net/address.php?coin=Lyrabar&address=LKDxGDJq5fF4FohAB8zJH24mDDNHDNtqsE



http://52.11.163.91:3001/address/1111111111111111111114oLvT2


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on November 24, 2015, 08:23:37 PM
Alright, 7 days from now it will be too late to exchange your KEY, FRAC, and XAI. 

When the Keycoin and Fractalcoin markets at Cryptsy are gone, these coins will pretty much be dead.  But if you exchange those coins for BARR, you will have something that can never be delisted.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Argon18 on November 24, 2015, 11:20:07 PM
Alright, 7 days from now it will be too late to exchange your KEY, FRAC, and XAI. 

When the Keycoin and Fractalcoin markets at Cryptsy are gone, these coins will pretty much be dead.  But if you exchange those coins for BARR, you will have something that can never be delisted.

Can BARR be exchanged anywhere for anything?

Tanks,


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on November 25, 2015, 03:24:52 AM
Alright, 7 days from now it will be too late to exchange your KEY, FRAC, and XAI. 

When the Keycoin and Fractalcoin markets at Cryptsy are gone, these coins will pretty much be dead.  But if you exchange those coins for BARR, you will have something that can never be delisted.

Can BARR be exchanged anywhere for anything?

Tanks,


Yes.  BARR can be exchanged for NXT within any NXT wallet or client, or at SecureAE.com, or at wallet.MyNXT.info.

BARR can also be exchanged for OFFS Altcoin Offset Credits through our burn exchange program.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: djhomeschool on November 25, 2015, 12:39:48 PM
What are the current numbers looking like for the November coins?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on November 25, 2015, 02:42:45 PM
What are the current numbers looking like for the November coins?


FRAC 333,978 coins burned out of 1,003,589 = 33% of total FRAC supply
KEY 285,067 coins burned out of 946,902 = 30% of total KEY supply
XAI 336,561 coins burned out of 690,460 = 48% of total XAI supply


When the price of Bitcoin was up, that was over $18,000 worth of altcoins burned for BARR.  Now it's closer to $14,000, but the price of BARR isn't limited by the price of the altcoins after they've already been burned.


And we've burned 230,100 BARR in exchange for OFFS, out of the 561,990 total BARR earned  = 40%.

The current available supply of BARR in circulation is 331,890.




Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on November 30, 2015, 02:57:04 AM
Alright, our weekly trade volume is up to 68,000 NXT, thanks to a late holdout who just exchanged his XAI for some BARR and then took it to SecureAE.com.

And the next burn period starts tomorrow - you have 21 hours to exchange KEY, FRAC, and XAI!


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: djhomeschool on November 30, 2015, 05:09:59 AM
So you maxed out at 48% of the supply of one coin with one day left - what now? I would assume individual specimens of that coin have increased value with decreased supply. The (temporarily) increased trading volume means they stay on exchanges a little while later and then - they just disappear? This is the one part of this concept I struggle with.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on November 30, 2015, 05:31:06 AM
So you maxed out at 48% of the supply of one coin with one day left


Yes, we burned $10,000 worth of Sapience and redeemed it with BARR.



Quote
- what now?


If Cryptsy shuts down, or delists KEY and FRAC, then all remaining KEY and FRAC holders lose all their money.  The people who swapped their KEY and FRAC for BARR can continue to trade on a decentralized exchange where their coins can never be delisted.

Meanwhile, we're moving on to burn ACP and LYB.

 

Quote
I would assume individual specimens of that coin have increased value with decreased supply.


On paper.  These markets had low volume at half the price, and now the price says it's higher and still nobody is buying. 



Quote
The (temporarily) increased trading volume means they stay on exchanges a little while later and then - they just disappear?


We offered enough BARR to exchange 100% of everyone's coins.  If people didn't exchange, then they can take their chances that their coins won't disappear. 

Most altcoins eventually disappear anyway, which is why we're offering a way out that doesn't involve losing all your money.



Quote
This is the one part of this concept I struggle with.


The idea is that BARR can replace those coins.  Instead of separately launching upgraded versions of Keycoin 2.0, Fractalcoin 2.0, and Sapience 2.0, and swapping the old coins for the new version, we're swapping them all for 1 new coin.  Then, instead of 3 struggling coins with 20 users each, we have 1 coin with 60 users.  And then we keep bringing in more coins, absorbing their value and their users. 

But it's all voluntary.  If they want to keep their old coins, we're not doing anything to stop them.  But we do think those coins are going to die, so we're saving what we can while they still have value. 


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Farndogg on November 30, 2015, 05:40:11 AM
I think this is awesome.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on November 30, 2015, 09:00:26 PM
I think this is awesome.


Thanks!

We just had another 63,918 KEY burned, bringing us to over 36% of the entire KEY supply!

We also have someone withdrawing FRAC from Poloniex's delisted wallet, hopefully it will go through.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on November 30, 2015, 09:59:43 PM
We have moved the ACP market to 600 satoshis, and the LYB market to 6000 satoshis. 

Burn starts in 2 hours, which is also the end of burn for XAI, KEY, and FRAC.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 01, 2015, 03:16:10 AM

Alright, it's December 1st.  Burn exchange has ended for KEY, FRAC, and XAI.  Burn exchange has begun for ACP and LYB.




The burn address for ACP is 1111111111111111111114oLvT2

Here is the link to that address on the block explorer:  http://52.11.163.91:3001/address/1111111111111111111114oLvT2



The burn address for LYB is LKDxGDJq5fF4FohAB8zJH24mDDNHDNtqsE

Here is the link to that address on the block explorer:  http://bitexp.net/address.php?coin=Lyrabar&address=LKDxGDJq5fF4FohAB8zJH24mDDNHDNtqsE

There is also a block explorer at http://www.zpool.ca/explorer?id=865




These burn addresses return a string of zeroes when hashed, so they are considered provably unspendable.



We have made 1 burn transaction for ACP, and multiple burn transactions for LYB.  We will be making more as we acquire more coins.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 01, 2015, 06:33:55 PM
We have burned 1,000,000 ACP, which is over 41% of the current coin supply, worth over $2,200.

We have burned 320,000 LYB, which is over 36% of the current coin supply, worth over $7,000.



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: djhomeschool on December 01, 2015, 09:29:33 PM
Wow, that was quick.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 02, 2015, 03:54:27 PM
Wow, that was quick.


We started buying small amounts of ACP about 3 weeks ago, when it was in the voting for December.  When the voting was final on November 15th, we started buying more and slowly moving the price up. 

Since BARR single-handedly caused the price to increase from 60 to 600 satoshis, with the majority of holders constantly dumping huge orders on us, we ended up buying over a million coins in 3 weeks.  That's almost all the volume the coin has done in those 3 weeks.

Lyrabar is different, since runpaint already had a lot of those.  Since it's a Wild Card, we didn't increase the price as much or make as much effort to acquire 100% of the supply. 


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 05, 2015, 01:09:32 AM
Don't forget, voting ends at 00:00 GMT on the 15th of each month.

Votes are cast by sending BARR to the Market Fund with an unencrypted permanent message naming the coin or coins you want burned.  Coins must be on the eligible list. 

The address of the Market Fund is NXT-59NQ-AA5B-V4NT-HAZLY


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: TheInfidel on December 05, 2015, 04:07:25 PM
Don't forget, voting ends at 00:00 GMT on the 15th of each month.

Votes are cast by sending BARR to the Market Fund with an unencrypted permanent message naming the coin or coins you want burned.  Coins must be on the eligible list. 

The address of the Market Fund is NXT-59NQ-AA5B-V4NT-HAZLY

Is there any way to see the voting list, I mean so one can see how the the voting is going prior to the 15th?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 05, 2015, 04:23:34 PM
Don't forget, voting ends at 00:00 GMT on the 15th of each month.

Votes are cast by sending BARR to the Market Fund with an unencrypted permanent message naming the coin or coins you want burned.  Coins must be on the eligible list.  

The address of the Market Fund is NXT-59NQ-AA5B-V4NT-HAZLY

Is there any way to see the voting list, I mean so one can see how the the voting is going prior to the 15th?


Yes, in any NXT client you can view that address, NXT-59NQ-AA5B-V4NT-HAZLY, and see any "Asset Transfer" of BARR that has a message attached indicating that it's a vote.

There's only 1 so far, so it's still a small enough thing that we don't need another method yet.

I can tell you that runpaint is planning to vote for Bunnycoin, and for Unitus as a Wild Card.  Unless anyone else votes with significant amounts of BARR, those will probably be the winners.  

But we will probably vote for at least 1 backup coin too, in case Bunnycoin falls through for any reason such as network failure.  As to what the backup coin or coins should be, it's complicated for several reasons.  Even the list of 100 coins we already made has some problematic coins.

Some of the coins only listed at Cryptopia have such low volume that it doesn't seem possible to acquire a significant percentage of the outstanding supply, at any price, as most users must have abandoned or forgotten their coins and gave up on trying to sell them.  We'd rather not spend an entire month trying to burn only 1 coin, and end up only able to burn 5% of the supply.

But we also don't want to end up like Digital Credits DGCS, a project that claims to burn altcoins using BARR's ideas.  They announced that they would be burning 3 coins, but then changed it to 2 at the last minute because of a problem with one of the coins.  Their final 2 coins were Spacecoin and Selfiecoin, but when they began their coin swap someone apparently came up with Trillions of Selfiecoins that DGCS did not know existed (according to them).  And so they cancelled their offer to swap Selfiecoins, already failing in their plans during the first hours of the first day of their first swap.  That leaves them with only 1 coin, and they've only burned about 0.01% of that coin's supply (or not burned, but sent the coins to an exchange which says they will burn them).  They have also failed to support the price of their coin, making it unprofitable for traders to exchange their altcoins for DGCS.  

Even though we have never so been careless or irresponsible, with such a lack of proper planning, we will still try to have adequate backup plans in place.  These are exactly the kinds of problems we anticipated, planned for, and have thus far avoided.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: TheInfidel on December 05, 2015, 06:18:34 PM
Thanks for the reply.
It even works in an online client.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 07, 2015, 01:40:29 AM
Looks like our investor never got his FRAC out of Poloniex.  They delisted it a few months ago, so maybe their wallet is offline.  But he got a "withdrawal complete", so maybe their support can tell him what happened.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Rexxxem on December 07, 2015, 03:01:54 AM
You should consider Yovi as a burn option.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 07, 2015, 05:39:12 AM
Just got a personal message:



!!! WARNING: This user is a newbie. If you are expecting a message from a more veteran member, then this is an imposter !!!

currently dropping a shit-load of data on your servers, send 0.01BTC to 1bpXWNAcrH1MvH9jX5WNdVF452wKVjSFb

within 24 hours
or else i go all out, blocking your traffic,
u have 24 hours

barr.me





The reply:




lol, are you going to attack bitcointalk.org too? 




Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: l8orre on December 07, 2015, 05:57:54 AM

if I read this correctly, then this is an attempt to extort .... 0.01 Bitcoin?

what's up with that?  :)


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 07, 2015, 02:35:45 PM

if I read this correctly, then this is an attempt to extort .... 0.01 Bitcoin?

what's up with that?  :)


lol, that does appear to be their goal


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: l8orre on December 07, 2015, 04:08:10 PM

if I read this correctly, then this is an attempt to extort .... 0.01 Bitcoin?

what's up with that?  :)


lol, that does appear to be their goal

hey! I've got it: Inverse fat finger, trying to type 100 Bitcoin and landed at 0.01 Bitcoin instead!   ;D


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: ACP on December 07, 2015, 05:51:57 PM
We have burned 1,000,000 ACP, which is over 41% of the current coin supply, worth over $2,200.

We have burned 320,000 LYB, which is over 36% of the current coin supply, worth over $7,000.



I'm pretty sure people have the opportunity to burn acp for barr via sending it themselves to the burn address and messaging barr before the burn period ends, as stated in the ann.
Runpaints ACP pump has nothing to do with people wanting to burn acp it has to do with people trading as usual , no one wants barr as not one person besides runpaint has burnt AnarchistsPrime for barr which he is trying to distort via a quick pump beforehand and a claim it was traders and miners burning. All it was , was people trading . Distorting that to make the general public think that these 1 million coins where sent to the burn addy from traders and miners is just a quick way out of the legitimate scope of the post that was placed here regarding this barr burn. You have to ask yourself why not one single person has burnt ACP outside of runpaints pump three weeks prior. No one wants to do it, they want to trade as usual , but to directly burn to barr. It just isn't happening. Not one person.



http://www.anarchistsprime.info/


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 07, 2015, 05:57:46 PM
We sent all 1,000,000 coins in a single transaction, as you know.  

It is clear to everyone that we burned those coins, and that they were dumped to us by ACP holders.

Most people find it easier to sell their coins to us for BTC, rather than burning their coins, exchanging for BARR, selling that BARR for NXT, and then selling that NXT for BTC.  

We did not make the claims you say in your above post, which makes you a liar.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: ACP on December 07, 2015, 06:10:29 PM
We sent all 1,000,000 coins in a single transaction, as you know.  

It is clear to everyone that we burned those coins, and that they were dumped to us by ACP holders.

Most people find it easier to sell their coins to us for BTC, rather than burning their coins, exchanging for BARR, selling that BARR for NXT, and then selling that NXT for BTC.  

We did not make the claims you say in your above post, which makes you a liar.
You bought them outside of the exchange period and outside the exchange price, which is trade as usual. How do we not know you are collecting them at the current exchange price and using the pre pumped coins to profit off barr invesotrs/ almost buying 3:1 barr with your pre purchased ACP
as I said. Not one person has burn AnarchistsPrime other than a slow collection period over three weeks , Not one person.



http://www.anarchistsprime.info/


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 07, 2015, 06:33:02 PM

You bought them outside of the exchange period


There is no "buy period".  We exchanged them within the exchange period.




Quote
and outside the exchange price


There is no "exchange price", other than 1 BARR for 20 ACP.  That is our rate, and it doesn't matter if you mined your ACP, bought it low, bought it high, or got it for free.  None of that is any of our business.  We exchange ACP.

In order to help support the price of BARR at 12,000 satoshis, we announced a target price for ACP of 600 satoshis.  Anyone who buys ACP for less than that can still exchange it for BARR.  If the price of BARR drops, then it won't be a profitable exchange. 

If you didn't want us to buy ACP below 600, you shouldn't have sold it to us. 



Quote
How do we not know you are collecting them at the current exchange price


We are still buying.  Why wouldn't we?  You might not buy ACP, but that doesn't make it so strange for us to buy it. 

We can't just skip the sell orders at lower prices.  That's impossible.  Before we can buy at 600, someone has to buy all the coins under 600.  If nobody else buys them, we do.  That is exactly what we did, and we successfully moved the price to 600 satoshis.



Quote
and using the pre pumped coins to profit off barr invesotrs/ almost buying 3:1 barr with your pre purchased ACP


That's not how it works, and you don't seem to know what you're talking about. 

The exchange rate stays the same.

ACP traded for 60 satoshis last month, and BARR increased the price and paid up to 600 satoshis. 

Everyone else was free to buy ACP at any price before we did, and they are free to buy it much cheaper right now than what we've been paying. 

Are you going to tell everyone to stop buying, because it's not fair for them to buy cheaper than what we bought? 




Quote
Not one person has burn AnarchistsPrime other than a slow collection period over three weeks , Not one person.


And not one person has a buy order for ACP above 187 satoshis right now.  Not even you.  At least we at BARR buy our own coin, making the number of active buyers more than 0.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: ACP on December 07, 2015, 06:49:29 PM
I didn't have an issue with you guys until you started to hijack our thread and further agitate one of the team members today in ccex trolbox





http://www.anarchistsprime.info/


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 07, 2015, 09:37:44 PM
Update from the extortionist:




!!! WARNING: This user is a newbie. If you are expecting a message from a more veteran member, then this is an imposter !!!

lol, are you going to attack bitcointalk.org too? 


not for 0.01BTC


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: chrysophylax on December 08, 2015, 02:41:10 AM
Coins currently eligible for future burn exchange:




8BIT   8Bit, current supply   384,141  Cryptsy wallet offline?
ACOIN   Acoin, current supply     1,134,479
ACP   AnarchistsPrime, current supply      2,005,302  Burned
ANAL   AnaLCoin (Analyst Coin), current supply   193,330
ARG   Argentum, current supply   4,616,820
ASN   Ascension, currenty supply     18,918,064
AUM   Alexium, current supply   20,261,106
BITS   BitStar, current supply   19,209,785
BITZ   Bitz, current supply   1,968,041  Involved in their own coin burn?
BLC   Blakecoin, current supply   8,277,653
BOB   Dobbscoin, current supply   3,784,240
BRC   Biebercoin, current supply   398,000,000
BTM   Bitmark, current supply           972,520
BTQ   BitQuark, current supply   4,065,118
BUN   BunnyCoin, current supply     98,379,567,190
BVC   Beavercoin, current supply    2,739,368
C2   Coin2.1, current supply   114,081,891
CAGE   CageCoin, current supply   99,213,298,394
CAPT    CAPTcoin, current supply   20,316,619
CAT   Catcoin, current supply   2,579,399
CCN   CannaCoin   , current supply 4,654,701
CDN   Canada eCoin, current supply   86,457,854
CESC    CryptoEscudo, current supply   599,431,700
CETI   Cetuscoin, current supply   51,44,790
CHC   ChainCoin, current supply   9,500,000
CKC   CheckCoin, current supply   18,643,020
CORG     CorgiCoin, current supply   96,478,598,893
CRAIG   CraigsCoin, current supply     30,075,746  Cryptsy wallet offline?
CRAVE   Crave, current supply      743,103
CRW     CrownCoin, current supply    5,702,170
CRYPT   CryptCoin, current supply   6,025,858
CTO   Crypto, current supply   2,399,729
CYC   ConspiracyCoin, current supply   12,599,427
CYT   Cryptotokenz, current supply   76,456
DARK    Darkcoin (FUDcoin), current supply   13,100,000
ELC   Elacoin, current supply   522,834
EMC2   Einsteinium, current supply    257,784,320  
EMD    Emerald Crypto, current supply   15,953,772
FCN   FantomCoin, current supply   3,096,654
FLAX    Flaxscript, current supply   ?
FRAC    Fractalcoin, current supply    1,003,589  Burned
FRK   Franko, current supply   538,510
GLC   Globalcoin, current supply   64,122,209
GLOBE   Global, current supply    90,319,000
GRN   Granitecoin, current supply    24,685,500
GRS   GroestlCoin, current supply    60,513,599
HAL   Halcyon, current supply   2,639,366
HAM   HamRadioCoin, current supply   6,723,768
HVC   HeavyCoin, current supply    88,821,881
KEY   Keycoin, current supply  946,902  Burned
KGC   KrugerCoin, current supply     137,295,857
KORE   Korecoin, current supply   1,831,127
LKY   LuckyCoin, current supply   19,307,160
LOG    Woodcoin, current supply   7,832,545
LTCD    LitecoinDark, current supply   78,894,060
METAL   MetalCoin, current supply   77,988,654
MIN   Minerals, current supply   4,657,629
MUE   MonetaryUnit, current supply   73,810,799
NEOS   NeosCoin, current supply   7,492,775
NKT   Nakas (NakamotoDark), current supply   88,623,755
OMC   OmniCoin, current supply   11,015,213
PHS   PhilosopherStones, current supply   3,192,868
PIGGY   New Piggycoin, current supply   476,910,923
PKB   ParkByte, current supply   4,657,629
PRC   Prospercoin, current supply    3,000,000
PTC   PesetaCoin, current supply     154,626,004
PXC   PhoenixCoin, current supply   39,244,500
QSLV    Quicksilver, current supply    3,484,622
RED   RedCoin, current supply   72,153,041
SBC   Stablecoin, current supply   22,789,581
SHELL   Shellcoin, current supply   19,414,096
SKC   Skeincoin, current supply   13,800,000
SMC   SmartCoin, current supply    20,013,365
SOON    Sooncoin, current supply   12,395,580
TES   TeslaCoin, current supply   65,269,617
TGC   Tigercoin, current supply   42,924,141
TOP   Topcoin, current supply   29,110,268
TRICK   TrickyCoin, current supply   7,550,000  Dead?  Yobit wallet offline
ULTC     Umbrella-LTC, current supply   1,529,920
UNB    UnbreakableCoin, current supply    2,270,700
UNIC    Unicoin, current supply   2,399,374
VIOR   Viorcoin, current supply   4,941,654
VIRAL    Viral, current supply   5,350,280
WBB   WildBeastBitcoin, current supply    658,740
XBC   BitcoinPlus, current supply   77,448
XAI   Sapience AIFX, current supply    690,460  Burned
XCASH   Xcash, current supply    2,457,531
XCO   X-Coin, current supply   11,259,216
XDP   DogeParty, current supply      2,678,188
XJO   JouleCoin, current supply   23,442,400
XSI   StabilityShares, current supply   9,178,749
      


覧覧覧覧覧覧覧覧覧覧覧覧

Please let us know of any objections or reasons why any of these coins should not be accepted.

覧覧覧覧覧覧覧覧覧覧覧覧


Please note that a coin may lose eligibility if its network stops working, if it is delisted from all exchanges, or if its block explorer goes down.  
Because of the temporary nature of eligibility, we cannot decide on future coins too far in advance.  The price, total supply, and network status of each coin is subject to change at any time, so the coins for each burn period will have to be decided shortly before the burn period begins.  



hi ...

why is granite on the burn list - and why would you want to burn any of the grn coins? ...

i have been supporting and solidifying the existence of the infrastructure and network since i took over almost two years ago - and have been heavily developing and increasing the network stability over the last few months by committing my time and effort full time ...

if you want to burn any of the coins - i would be happy to buy them all back at the current rate - and put them back into our official pool for the bonuses that our pool provides for the miners that mine there ( http:grn-pool.granitecoin.com ) ... either that - or donate them back to the pool so that those that WANT the coins - can get them ...

much more will happen to the granite ecosystem - and much more is being currently done ...

burning coins that exist for the network and for the granite ecosystem is nonsensical in my mind ... especially when the network is currently very much alive ...

im contactable via various ways - all of which can be found here - https://bitcointalk.org/index.php?topic=718939 - if you wish to contact ...

#crysx


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: gjhiggins on December 08, 2015, 01:58:14 PM
We believe that the altcoin market is stuck in a fatal loop;

I don't recall ever seeing any evidential support for this claim, did I miss something?

Cheers

Graham


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: stereotype on December 08, 2015, 02:25:29 PM
We believe that the altcoin market is stuck in a fatal loop;

I don't recall ever seeing any evidential support for this claim, did I miss something?

Cheers

Graham

The conversation what role alts actually play, has so far only been along the lines of "it can do things that Bitcoin cant" or "its a test-bed for Bitcoin" etc. To some degree those claims are valid, but how many alts does it really need to carry out those so-called benefits and alternative ways of doing things with the blockchain? Surely not 500+ can all be for the benefit of exploring different uses of blockchain tech. That just cant be true. So somewhere, a large part of creating yet another shit-coin, is for either self-enrichment, or, just because you can, or, a deluded self belief that you have 'the one', or vanity etc. In all these cases, its not only wasting resource, its plain to see its also self-destructive, ultimately.      


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on December 08, 2015, 03:02:01 PM

hi ...

why is granite on the burn list - and why would you want to burn any of the grn coins? ...

i have been supporting and solidifying the existence of the infrastructure and network since i took over almost two years ago - and have been heavily developing and increasing the network stability over the last few months by committing my time and effort full time ...

if you want to burn any of the coins - i would be happy to buy them all back at the current rate - and put them back into our official pool for the bonuses that our pool provides for the miners that mine there ( http:grn-pool.granitecoin.com ) ... either that - or donate them back to the pool so that those that WANT the coins - can get them ...

much more will happen to the granite ecosystem - and much more is being currently done ...

burning coins that exist for the network and for the granite ecosystem is nonsensical in my mind ... especially when the network is currently very much alive ...

im contactable via various ways - all of which can be found here - https://bitcointalk.org/index.php?topic=718939 - if you wish to contact ...

#crysx



Thanks for letting us know.  We try to avoid burning coins if it doesn't look like there will be much participation from the coin's holders.

But if a majority of holders would rather exchange their coins for BTC or BARR, then we can give them that opportunity.  If everyone else burns their coins while you keep yours, then your coins have become rarer and potentially more valuable.  

To answer your question, the reason Granite is on the list is only because it meets our requirements, and because it would be possible for BARR to exchange up to 100% of all Granite coins.  It doesn't mean Granite is a bad coin, and in fact being on our list means it's doing better than many other coins.  

The answer your other question, the reason we would want to exchange Granite coins would be to allow Granite holders a way to trade their coins that they may not be able to trade in the current depressed and low-volume markets.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 08, 2015, 03:20:25 PM
We believe that the altcoin market is stuck in a fatal loop;

I don't recall ever seeing any evidential support for this claim, did I miss something?

Cheers

Graham




Are you asking for evidential support of our personal beliefs?  

We can't see the future, and we can't prove what will happen.  But the fact that there are too many altcoins is self-evident, and is further shown by the fact that new altcoins are being launched every day while the market fails to support the existing altcoins which are dying every day.

We believe that the cryptocurrency market has arrived at a point of saturation similar to the video game market prior to the crash of 1983.  

There are so many inferior offerings that the few worthwhile offerings are not only obscured, but in fact diminished.  

It's one thing to walk into a store, see 1,200 Atari cartridges, and then make an educated decision to buy the 3 most expensive ones because they are likely to be worth the higher price.  But it's a different story when the glut of cheap games actually makes the entire Atari market less valuable.  An Atari's only value is that it can play Atari games - if all the games suck, then the Atari sucks.  If there's a 90% chance that any game you buy will suck, and you won't know until after you've paid for it, then approximately 100% of buyers will eventually feel ripped off.  Probably multiple times.  

People stop buying, and there is less money in the market to develop the good projects.  Now even the best ones aren't as good.

Bitcoin is used every day to buy altcoins.  It's one of the primary uses for Bitcoin.  Approximately 100% of people who take their bitcoins and go shopping for altcoins will eventually feel ripped off.  And, to non-Bitcoin users - the other 7 billion people on the planet - what is the difference between Bitcoin and Altcoins?  Nothing.

But it's worse than that.  Most altcoins users think they're gambling on a zero-sum game - they think altcoins are all scams, and they want to be the ones profiting from other people's losses.  Then, when it's all tallied, they think the same amount of money will exist, with more of it in their pockets and an equal amount missing from someone else's pockets.  

But they are wrong;  it's not a zero-sum game.  Capital can be destroyed.  People are pumping money into cryptocurrency, and that money isn't guaranteed to continue existing in any form.  Altcoins die, and there is less money available in the world.  More specifically, there is less money available in the crypto world.  

Ethereum raised $18,000,000, but they only spent $9,000,000.  Now they're broke.  Where did the other 9 Million Dollars go?  They didn't steal it, or hide it, or waste it.  It just stopped existing.

When we say altcoins are stuck in a fatal loop, we're talking about capital destruction.  How many millions of dollars of value did the top 99 cryptocurrencies lose when Bitcoin recently jumped up for a few days?  And after Bitcoin came back down, those altcoins did not recover.  That value doesn't exist anymore, not even for the people who dumped and held their bitcoins.  

There isn't enough new money coming into cryptocurrency to make up for the money that is being flushed down the altcoin toilet.  That's why we're preserving as much of that capital as we can.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 08, 2015, 03:27:10 PM

The conversation what role alts actually play, has so far only been along the lines of "it can do things that Bitcoin cant" or "its a test-bed for Bitcoin" etc. To some degree those claims are valid, but how many alts does it really need to carry out those so-called benefits and alternative ways of doing things with the blockchain? Surely not 500+ can all be for the benefit of exploring different uses of blockchain tech. That just cant be true. So somewhere, a large part of creating yet another shit-coin, is for either self-enrichment, or, just because you can, or, a deluded self belief that you have 'the one', or vanity etc. In all these cases, its not only wasting resource, its plain to see its also self-destructive, ultimately.      


Miners understand efficiency, latency, redundancy, profitability, and obsolescence.  Hopefully they can apply those same concepts to systems larger than a mining rig.

If two altcoins are doing the exact same thing, one of them will probably be orphaned.  Everyone who had that altcoin will get nothing. 


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: gjhiggins on December 09, 2015, 12:19:40 AM
Are you asking for evidential support of our personal beliefs?  

Yes, thanks for expounding, I appreciate the effort. I don't share your perspective and I was wondering whether I'd missed a trick or something but you have allayed my concerns, thank you.

Cheers

Graham



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: acdc on December 09, 2015, 05:17:51 AM
We believe that the altcoin market is stuck in a fatal loop;

I don't recall ever seeing any evidential support for this claim, did I miss something?

Cheers

Graham




Are you asking for evidential support of our personal beliefs?  

We can't see the future, and we can't prove what will happen.  But the fact that there are too many altcoins is self-evident, and is further shown by the fact that new altcoins are being launched every day while the market fails to support the existing altcoins which are dying every day.

We believe that the cryptocurrency market has arrived at a point of saturation similar to the video game market prior to the crash of 1983.  

There are so many inferior offerings that the few worthwhile offerings are not only obscured, but in fact diminished.  

It's one thing to walk into a store, see 1,200 Atari cartridges, and then make an educated decision to buy the 3 most expensive ones because they are likely to be worth the higher price.  But it's a different story when the glut of cheap games actually makes the entire Atari market less valuable.  An Atari's only value is that it can play Atari games - if all the games suck, then the Atari sucks.  If there's a 90% chance that any game you buy will suck, and you won't know until after you've paid for it, then approximately 100% of buyers will eventually feel ripped off.  Probably multiple times.  

People stop buying, and there is less money in the market to develop the good projects.  Now even the best ones aren't as good.

Bitcoin is used every day to buy altcoins.  It's one of the primary uses for Bitcoin.  Approximately 100% of people who take their bitcoins and go shopping for altcoins will eventually feel ripped off.  And, to non-Bitcoin users - the other 7 billion people on the planet - what is the difference between Bitcoin and Altcoins?  Nothing.

But it's worse than that.  Most altcoins users think they're gambling on a zero-sum game - they think altcoins are all scams, and they want to be the ones profiting from other people's losses.  Then, when it's all tallied, they think the same amount of money will exist, with more of it in their pockets and an equal amount missing from someone else's pockets.  

But they are wrong;  it's not a zero-sum game.  Capital can be destroyed.  People are pumping money into cryptocurrency, and that money isn't guaranteed to continue existing in any form.  Altcoins die, and there is less money available in the world.  More specifically, there is less money available in the crypto world.  

Ethereum raised $18,000,000, but they only spent $9,000,000.  Now they're broke.  Where did the other 9 Million Dollars go?  They didn't steal it, or hide it, or waste it.  It just stopped existing.

When we say altcoins are stuck in a fatal loop, we're talking about capital destruction.  How many millions of dollars of value did the top 99 cryptocurrencies lose when Bitcoin recently jumped up for a few days?  And after Bitcoin came back down, those altcoins did not recover.  That value doesn't exist anymore, not even for the people who dumped and held their bitcoins.  

There isn't enough new money coming into cryptocurrency to make up for the money that is being flushed down the altcoin toilet.  That's why we're preserving as much of that capital as we can.

Good explanation! Yes, good alts like NXT and XMR are currently obscured by hundreds of crap alts. Will grouping all these shit coins together in BARR create value though? I'm not sure; is 10 bags of garbage worth more than one bag? Just more bagholders probably, unless you create a doge sized army of BARR evangelists that is. I can't see that happening, but good luck.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 09, 2015, 03:00:22 PM

Will grouping all these shit coins together in BARR create value though? I'm not sure; is 10 bags of garbage worth more than one bag?




But we're recycling the garbage into something better.

Let's say you have an altcoin with 2 active connections, a buggy wallet that hasn't been updated in 18 months, no devs, and that could be delisted at any time so that it can't be exchanged.  Not a very bright future, and a high risk that the coin will die and leave all holders with nothing.

We redeem that coin for an equivalent amount of a coin with hundreds of active peers, constant updates, active devs, which can never be delisted as long as NXT exists.

That's why we think trading the altcoins for an equivalent amount of BARR - equivalent at current prices - gives you a greater long-term potential value than holding the altcoins.  Because those coins are only supported by a small network and a few hundred dollars in marketcap, while BARR is supported by the NXT network with millions of dollars in marketcap. 

Plus, being on NXT lets us practice what we preach as far as increasing efficiency and decreasing redundancy.  We didn't start a new blockchain, we're not competing for hashrate, and NXT users don't even have to clutter their desktop with another wallet. 

BARR has potential to grow without requiring thousands of miners to run expensive equipment 24 hours a day, while no PoW coin can ever become a major player without Chinese mining farms and all of that.  "Hello, we need a business loan of 2 million dollars.  We are outfitting a new facility with hundreds of specialized computers.  Yes, it's for IllegalDrugMarijuanaCoinz.  ...Hello?"


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: ACP on December 10, 2015, 04:59:07 AM

I still can't understand why Barr targeted AnarchistsPrime being we are on suchpool ,ispace mining, six other pools including dev mpos pool,steakcloud and have two websites. We currently accept acp for buying our listed computer stock. AnarchistsPrime has digishield retarg, three windows gui wallets and mac gui wallet, isnt a standard qt wallet. Have one of the fastest wallet syncs in crypto has over 9 dedicated seeder nodes has dnsseeder server for connecting peers and protecting network  . Has blackjack, wheel and dice and is on two exchanges , 7months old  and we have updated everything from user feedback and give them what they want (including secondary website with .info extention instead of .com )achieved alot. Our "coin" is aimed at activists who need to recieve funding via donations and we plan to release a database of these different causes and contact information including acp wallet addy so they can recieve these easier with transparency and also plan to have listed protests kits for redemption of acp so we can ship world wide and exchange for acp when a major rally is held. Is it because the currency isnt subject to hype,? Also on your post it looks like youve stated you burnt 100% of our coin with a line through it?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 10, 2015, 02:02:59 PM
Thanks for pointing that out, it is ambiguous as you say.  We'll change it to "Already Burned" to indicate that it is not eligible for future burns because it's already been used in a previous burn.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 15, 2015, 01:13:07 PM
The voting is over for January, and the winners are Bunnycoin and Unitus as a Wild Card.





Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: bhokor on December 21, 2015, 12:26:38 AM
This coin is making a public service in altcoin comunity, i want to thanks to dev and coin supporters for clean the dirty on criptocoin universe, keeps the good work


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BunnyShibe on December 21, 2015, 12:45:52 AM
The voting is over for January, and the winners are Bunnycoin and Unitus as a Wild Card.





Bunnycoin owners are ill-advised to use BARR since they can merely BUY/SELL Bunnycoins immediately for Dogecoin right now in a liquid market...

Value of 1 Billion Bunny Coins is approx $65 USD
https://bleutrade.com/exchange/BUN/DOGE

Why trade something of value like BUN for something worthless like BARR.

Sounds like the BARR voters were hating on a coin, much like Dogecoin was hated on.

http://www.bunnycoin.org
http://bunny-coin.com
http://www.twitter.com/bunnycoin
http://www.reddit.com/r/bunnycoin



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on December 21, 2015, 02:30:19 AM
Quote from: BunnyShibe
for something worthless like BARR
BARR is NXT asset, NXT has POS, NXT price will rise up surely
does BUN have these advantages ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BunnyShibe on December 21, 2015, 03:01:46 AM
Quote from: BunnyShibe
for something worthless like BARR
BARR is NXT asset, NXT has POS, NXT price will rise up surely
does BUN have these advantages ?

Bitcoin Core Developer Jeff Garzik says BEWARE of PoS alone...here's why...
https://bitcointalk.org/index.php?topic=68655.msg8851183#msg8851183

I'm not here to bash coins. Just to say BunnyCoin owners would be ill-advised to use BARR when they have the option to get more immediate value by selling for Dogecoin at any time they want.



.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 21, 2015, 01:13:14 PM
This coin is making a public service in altcoin comunity, i want to thanks to dev and coin supporters for clean the dirty on criptocoin universe, keeps the good work


Thanks!


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 21, 2015, 01:31:34 PM


Bunnycoin owners are ill-advised to use BARR



They don't have to take anyone's advice.  They can see for themselves what BARR has done for other coins.

BARR has raised the price and increased the rarity of the supply for 5 coins already.

Bunnycoin is dependent upon Bleutrade.  BARR is traded on the NXT blockchain, fully decentralized, and can never be delisted.

The BARR network is the NXT network, which has hundreds of active peers.  The Bunnycoin network is in danger, because there will be no more block rewards.  

When the Fractalcoin block rewards dropped, the blockchain stopped moving and it got delisted from Poloniex and Bittrex.  BARR swapped a lot of FRAC, letting people get their money back.  Now FRAC is only listed on Cryptsy, where there have been a lot of problems with withdrawals.  People who swapped their FRAC for BARR now have more options, more control over their money, and arguably a more promising future.  Bunnycoin is in a similar situation.




Quote
since they can merely BUY/SELL Bunnycoins immediately for Dogecoin right now in a liquid market...


BARR is the main group buying Bunnycoins right now.  When we started, there weren't even any orders at 1 Litoshi, and that's the lowest price possible on the Litecoin market.

So it's not very liquid, especially without BARR.





Quote
Value of 1 Billion Bunny Coins is approx $65 USD
https://bleutrade.com/exchange/BUN/DOGE

Why trade something of value like BUN for something worthless like BARR.


Actually 1 Billion BunnyCoins is currently worth less than $40.

The value of 1 Million BARR is approx $54,000 USD.  So 1 Bunnycoin is worth about a million times less than 1 BARR.

But we're going to offer a better exchange rate than that, paying you more for your BUN than what the current market price is.

To answer your question, the reason to trade for BARR is so you can transfer your value to something that has a better chance of existing 2 years from now.

But they don't have to trade for BARR.  They can trade us for DOGE or LTC.  




Quote
Sounds like the BARR voters were hating on a coin, much like Dogecoin was hated on.


If "hating" means "giving you money", then you have a non-standard definition of "hating".

Swapping for BARR is completely optional.  We're not forcing anyone to do anything, we're just offering them money.  



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 21, 2015, 01:44:33 PM


I'm not here to bash coins. Just to say BunnyCoin owners would be ill-advised to use BARR when they have the option to get more immediate value by selling for Dogecoin at any time they want.



BunnyCoin holders are welcome to sell us all their BUN for DOGE, but that's only good while our money lasts.  We don't have enough BTC, LTC, or DOGE to buy the entire supply of BUN.  But we do have enough BARR to exchange for the entire supply of BUN, at an increased value for you.



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: hacksmash on December 22, 2015, 05:37:01 AM
Have you ever entertained the idea of 2 day "FlashBurn" for coins that are no longer listed on Exchanges ?
Admittedly the exchange rate would have to be pitifully low, but it may work to draw attention to the project.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 22, 2015, 11:41:04 AM
Have you ever entertained the idea of 2 day "FlashBurn" for coins that are no longer listed on Exchanges ?
Admittedly the exchange rate would have to be pitifully low, but it may work to draw attention to the project.


That might be possible, but the problem is making sure everyone knows about it.  It would only work if the community was still very active and had lots of holders still checking the ANN.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BitcoinNational on December 22, 2015, 04:40:14 PM
BARR/Bunny can't we just get along?

Burns complement coins that are still viable and save bagholders of coins headed for the drain. 


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 22, 2015, 04:50:59 PM
BARR/Bunny can't we just get along?

Burns complement coins that are still viable and save bagholders of coins headed for the drain. 


There is no feud with Bunnycoin.  We've been posting in their topic for over a month without any problems, but this guy who hasn't posted in 5 months just shows up today and starts complaining.  Other Bunnycoin holders have expressed positive opinions about working with BARR.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on December 22, 2015, 05:52:30 PM
good kick to lazy devs
very useful, nothing to say something else


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on December 23, 2015, 06:09:28 AM
The voting is over for January, and the winners are Bunnycoin and Unitus as a Wild Card.
is exchange rate already known for BUN ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 23, 2015, 03:43:51 PM
The voting is over for January, and the winners are Bunnycoin and Unitus as a Wild Card.
is exchange rate already known for BUN ?


No, we're still trying to see how much we can buy at what price, and how much money we'll be able to put on buy orders.

We'd like to shoot for 5 litoshis as the target price for BUN, but we can't guarantee that yet.

In the future, when we have more buywalls for BARR on the NXT Asset Exchange, we'll be able to set an exchange rate and let everyone else buy the altcoins.  Then they'll be able to trade for BARR, and they can dump as much BARR as they want, and burning the altcoins will be profitable for them as well as liquid. 

For now we can't do that, because we'd just be making up imaginary prices that we can't support.  It would be all talk;  we would just say "BUN is worth 5 litoshis" when nobody is even paying 1 litoshi.  That would be like an empty promise and a false way to determine BARR's value.  So we don't want to set a target price unless we have a chance of moving the market to that price and making it reality.

When BARR gets more users, we won't have to buy all the coins ourselves.  People who want BARR will show up and move the market, because they want to buy those coins and burn them for BARR.  And they will be profitable doing that up to the target price, or higher if the price of BARR goes up.

We have seen some good results this month with ACP.  We raised the price to 600, which was the target price and the equivalent value that we're exchanging ACP for BARR.  But now the price of ACP is much lower, and people have the opportunity to buy ACP cheaper and still trade it for the same amount of BARR. 

It looks like something similar might happen with BunnyCoin - there's no way to know what will happen, but it might happen similarly to what happened with ACP.  So, for example, if we set a target of 5 litoshis per BUN, and then people end up selling more than we can buy at that price, then anyone will be able to get a good deal on BARR by trading BUN that they bought at 3 litoshis.  Because BARR will still be redeeming it at the higher rate.  And then there is no telling what will happen to the price of Litecoin or Dogecoin, making BUN even cheaper on those markets.

To give an example of the numbers, if the target price was 5 litoshis, with BARR @ .00016btc, then the exchange rate would be set at 400,000 BUN for 1 BARR. 


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 27, 2015, 04:52:48 AM

To give an example of the numbers, if the target price was 5 litoshis, with BARR @ .00016btc, then the exchange rate would be set at 400,000 BUN for 1 BARR. 



Looking at how the market has been going, we are probably going to set the target price of BARR much lower than that. 

We wanted to keep raising the price of BARR, but we don't want to set an unrealistic goal. 

We want to offer an increased price for the altcoins, but we don't have unlimited money. 

So lowering the price of BARR will allow us to offer a higher rate for the altcoins without overextending our funds as much.



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 28, 2015, 09:17:19 PM
Burn redemption for ACP and LYB ends on the 30th.  Just over 48 hours to go.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 29, 2015, 11:17:38 PM
Alright, 24 hours to go for this burn period. 

Burn redemption for Bunnycoin and Unitus begins January 1st.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: bhokor on December 29, 2015, 11:22:21 PM
Alright, 24 hours to go for this burn period.  

Burn redemption for Bunnycoin and Unitus begins January 1st.


it is going to be really interesting, i am gonna try to get some coins for join the burn, lol, it remember me to scouts night times.

Do we have some guide about how to burn the coins?

thank


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 30, 2015, 12:09:34 AM
Alright, 24 hours to go for this burn period.  

Burn redemption for Bunnycoin and Unitus begins January 1st.


it is going to be really interesting, i am gonna try to get some coins for join the burn, lol, it remember me to scouts night times.

Do we have some guide about how to burn the coins?

thank


Message us here with the amount of coins you're going to burn. 
Then send your coins to the burn address, and message us again with the transaction ID and your NXT wallet address.

Full instructions are on Page 1 of this topic.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 31, 2015, 07:36:31 PM

To give an example of the numbers, if the target price was 5 litoshis, with BARR @ .00016btc, then the exchange rate would be set at 400,000 BUN for 1 BARR. 



Looking at how the market has been going, we are probably going to set the target price of BARR much lower than that. 

We wanted to keep raising the price of BARR, but we don't want to set an unrealistic goal. 

We want to offer an increased price for the altcoins, but we don't have unlimited money. 

So lowering the price of BARR will allow us to offer a higher rate for the altcoins without overextending our funds as much.





After further review, we're going to keep the rates high and see what happens.

So far we've been supporting the market with a lot of our own money, but we can't do that forever.  So we're going to try a different approach this time and see what happens.  There will be more room for fluctuations, and the price of NXT may be the biggest unknown factor in the near future.  If this month doesn't work so well, we'll learn from it and revise our plans next time.

So we'll set a target price for BUN at 5 litoshis, but we won't raise the market that high.  That will allow people to buy for 2 litoshis and exchange for BARR at that rate.  But we'll also set a target for BARR at 16,000 satoshis, and we won't raise the market that high unless NXT goes up.  And the target for Unitus will be 320 satoshis.



So the rates for January 1st to January 30th will be:

Bunnycoin at .0000025 BARR, or 400,000 BUN per BARR

Unitus at .02 BARR, or 50 UIS per BARR

and OFFS at 1.25 BARR, or .8 OFFS per BARR



The burn address for Bunnycoin is BTngbpkVTh3nGGdFdufHcG5TN7hXYuX31z

The burn address for Unitus is UMz1xPGbHGWacUUtfXefyXWVoJX9Q2kNtF

The burn address for BARR is NXT-HD9P-ZTPP-EHFJ-59VUC



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on January 01, 2016, 03:19:16 AM
well well
not so profitable as ACP but...
catch first (maybe) amount ! (block explorer does not respond)
good work


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Bitcat on January 01, 2016, 11:04:33 AM
Ok, I'm ready to burn my BUN for BARR:

I have 2.5 million BUN sitting in the Bleutrade Exchange.

I've sent to the burn address you gave as:
BTngbpkVTh3nGGdFdufHcG5TN7hXYuX31z
---------------------------------------------------------------------------------
Here are the transaction details as given by bluetrade:
70616160    2016-01-01 11:00:15    -2500000.00000000    Withdraw: 2499999.90000000 to address BTngbpkVTh3nGGdFdufHcG5TN7hXYuX31z; fee 0.10000000
61747023    2015-07-04 17:17:04    2500000.00000000    Trade +, order id 5758356

------------------------------------------------------------------------------------

My NXT address is:
NXT-JWNL-6XRL-HR5Z-FVN6N

Many thanks

Hope it works!
Happy New Year!

ps. Looks like I might be the first? :)


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 01, 2016, 01:11:29 PM
Casper was first, then you!

Your BARR has been sent, the NXT txid is 11742876470998086684

Thanks guys, we're off to an early start.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 02, 2016, 10:35:27 AM
Alright, check the balances of the burn addresses at these links:


Unitus
http://explorer.unitus.nutty.one/address/UMz1xPGbHGWacUUtfXefyXWVoJX9Q2kNtF




Bunnycoin
http://www.multifaucet.tk/index.php?blockexplorer=BUN&address=BTngbpkVTh3nGGdFdufHcG5TN7hXYuX31z





The total supply of Bunnycoin is just under 98 Billion, and the total supply of Unitus is over 30 Million.

It looks like we'll burn at least 5% of all Bunnycoins this weekend, and 15% of all Unitus.









Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: gjhiggins on January 02, 2016, 04:19:04 PM
The total supply of Bunnycoin is just under 98 Billion.

It looks like we'll burn at least 5% of all Bunnycoins this weekend, and 15% of all Unitus.

Will this be reflected in a new total supply figure for market capitalisation calculations?

https://coinmarketcap.com/currencies/bunnycoin/

Cheers

Graham


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 02, 2016, 04:51:27 PM
The total supply of Bunnycoin is just under 98 Billion.

It looks like we'll burn at least 5% of all Bunnycoins this weekend, and 15% of all Unitus.

Will this be reflected in a new total supply figure for market capitalisation calculations?

https://coinmarketcap.com/currencies/bunnycoin/

Cheers

Graham




It should be.  Coinmarketcap does recognize burn addresses and subtract them from the total supply, in some cases.

For example, their figure for the total supply of Sapience AIFX is less the amount originally sent to the "ICO burn address" which were surplus coins not sold in the ICO.  The total coin supply is 1,164,492, but Coinmarketcap lists the available supply as 684,468 because the dev sent 469,847 to a burn address.

We used the same burn address when we burned Sapience coins, and we notified Coinmarketcap, because they should have no problem updating the supply using the same method and same burn address they were already using.  

But so far they have not responded or changed the figures for the coins we have burned.
The official block explorer for that coin is linked at Coinmarketcap, and that explorer shows "Spendable Coin Supply 397,283", but Coinmarketcap still has the supply listed as 684,468.

Maybe they don't have time to look into every ticket that gets sent to their system.  If someone connected to Coinmarketcap made them aware of what we're doing, I'm sure they wouldn't have a problem updating the figures.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: gabenewell on January 02, 2016, 09:08:59 PM
Nice idea burn some GameCredits  ;D
If you can  8)

https://bitcointalk.org/index.php?topic=1266597.0

Keep it up


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 02, 2016, 09:19:30 PM
Nice idea burn some GameCredits  ;D
If you can  8)

https://bitcointalk.org/index.php?topic=1266597.0

Keep it up



Thanks!

We can't afford GMC until the price of BARR is higher.  

We have to be able to exchange the entire supply of the coin, and we're about half a million dollars short of doing GameCredits at this time.  We actually might be close if we used the entire remaining supply of BARR, but we have a difficulty-based monthly budget based on the price, in order to approximate decreasing block rewards, and to ensure that the Burn Fund never runs out.

But we aren't ruling it out for the future!


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 03, 2016, 03:09:53 PM
Just a reminder - always message us first with the amount, before you burn coins.  Then send us the transaction ID. 

Otherwise, someone else could claim that they sent those coins to the burn address. 

When you tell us the amount before you send it, it proves that you're the one who sent the coins.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: rentodev on January 03, 2016, 04:13:42 PM
Just a reminder - always message us first with the amount, before you burn coins.  Then send us the transaction ID. 

Otherwise, someone else could claim that they sent those coins to the burn address. 

When you tell us the amount before you send it, it proves that you're the one who sent the coins.

I admit I made a mistake!
Hope you can make an exception in my case as I contacted you before my first transaction and let you know I will be burning more.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: guim26 on January 03, 2016, 04:47:30 PM
May I propose Virtacoin  (VTA)  as a possible burn ?

A lot of users would like to see it recycled into something useful. Thx


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: edmundduke on January 03, 2016, 05:33:38 PM
I was thinking about joining some of the burns but i decided not to as the whole process of converting the coins is unnecessarily difficult. I am pretty sure there would be a lot more users if the whole process would be simplified. This is how i see it as a bystander and as someone who wanted to join.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: runpaint on January 03, 2016, 09:55:35 PM
I was thinking about joining some of the burns but i decided not to as the whole process of converting the coins is unnecessarily difficult. I am pretty sure there would be a lot more users if the whole process would be simplified. This is how i see it as a bystander and as someone who wanted to join.



All you have to do is send a message with your address and then send your coins. 

But you could just buy some BARR instead.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: edmundduke on January 04, 2016, 06:38:56 PM
I was thinking about joining some of the burns but i decided not to as the whole process of converting the coins is unnecessarily difficult. I am pretty sure there would be a lot more users if the whole process would be simplified. This is how i see it as a bystander and as someone who wanted to join.



All you have to do is send a message with your address and then send your coins. 

But you could just buy some BARR instead.

That part is simple yes, i was thinking about setting up a BARR wallet. I was trying to do it (it was before my post), i was trying to add the "BARR" assets and im sure there was one more in the OP. And it kept telling me the codes are invalid. Now it seems the Asset ID has changed in the OP. Maybe it is possible now ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: runpaint on January 04, 2016, 07:14:00 PM
I don't think the Asset IDs have changed.

Try searching for the BARR Burnfund account, NXT-HD9P-ZTPP-EHFJ-59VUC

That should bring up both assets issued by that account, BARR and OFFS.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Spidersbox on January 05, 2016, 03:57:32 AM
BitBar is still around.
I don't think it's nice 'borrowing' it's logo.
just saying..


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 05, 2016, 12:21:33 PM
BitBar is still around.


We could burn it





Quote
I don't think it's nice 'borrowing' it's logo.
just saying..



We didn't borrow BitBar's logo, which is completely different from ours. 

Their logo has 2 gold bars stacked perpendicularly:  http://coinmarketcap.com/currencies/bitbar/

Our logo is similar to LiteBar, but theirs is silver.  Lyrabar is also similar, but it's green.

Besides, BitBar borrowed its logo from free clipart.  It also borrowed its name from a project going back to 2011.

It also borrowed from Bitcoin, Litecoin, Peercoin, Novacoin, FairNova, and RareCoin.

So there's not much room to say borrowing isn't nice.







Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Spidersbox on January 06, 2016, 03:36:37 PM
I didn't say stop using it.
I was just bring it up in case you wanted to use something a little more original.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 07, 2016, 03:28:40 PM
Just a reminder -

You can also burn your BARR to earn OFFS Altcoin Offset Credits. 

BARR is burned by sending it back to the Burn Fund, which allows us to recycle it and burn more altcoins.  For helping us burn more altcoins, you get OFFS.

More details in the OFFS ANN: 

https://bitcointalk.org/index.php?topic=1233350.0


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: favdesu on January 09, 2016, 08:08:05 PM
this would be so cool if it was automated. like I get an altcoin address where I can send funds to burn and you send me BARR for it


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 09, 2016, 08:16:23 PM
this would be so cool if it was automated.


The reason we didn't do that is so we can have 1 burn address that can easily be checked by everyone.  Having a different address for each user would probably require us to receive the coins and then send them to the burn address, which means you'd be sending us your coins. 

If you sent us the coins and then we sent you BARR, then we'd just be an exchange and it wouldn't be proof-of-burn.






Quote
like I get an altcoin address where I can send funds to burn and you send me BARR for it


Well, that's basically what we're already doing.

We're also currently #2 in weekly volume on the NXT Asset Exchange, and we haven't had any problems so far with our system.  If it continues to grow at this pace, of course it's possible that we'll need to automate more of the process.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 10, 2016, 12:06:55 PM
Voting is active for next month's burns until January 15th at 00:00 (the 14th is the last day to vote).  Votes are cast by sending BARR to the Market Fund with a message.

Next month we will probably be doing 1 coin for a 2-week period. 


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: runpaint on January 10, 2016, 11:56:54 PM
Core Media interviewed me about BARR for their radio show, check it out:


https://soundcloud.com/supernetradio/runpaint-introduces-barr-me


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: rentodev on January 11, 2016, 02:49:40 PM
Core Media interviewed me about BARR for their radio show, check it out:


https://soundcloud.com/supernetradio/runpaint-introduces-barr-me

Great interview, gives so much insight, well done!
Is there any bounty for branding and website design?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: runpaint on January 11, 2016, 03:11:36 PM


Great interview, gives so much insight, well done!



Lootz has a good show, he's just a little too stuck on finding a guaranteed return on investment.  Of course there is no such thing, and most crypto projects that pay dividends are probably breaking the law.

But I think it was a good conversation, although I wish I had made a point about OFFS, because that's another reason to buy BARR.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: rentodev on January 11, 2016, 03:30:22 PM


Great interview, gives so much insight, well done!



Lootz has a good show, he's just a little too stuck on finding a guaranteed return on investment.  Of course there is no such thing, and most crypto projects that pay dividends are probably breaking the law.

But I think it was a good conversation, although I wish I had made a point about OFFS, because that's another reason to buy BARR.

but then again about OFFS, what is a guaranteed return on investment? :D


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 11, 2016, 03:39:44 PM

Is there any bounty for branding and website design?



Not right now, but we will probably need something in the future. 

Can you design a website so powerful and beautiful that millions of people will throw their money at it?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: rentodev on January 11, 2016, 03:45:46 PM

Is there any bounty for branding and website design?



Not right now, but we will probably need something in the future. 

Can you design a website so powerful and beautiful that millions of people will throw their money at it?

yes, I can. PM me when you have a plan for it! ;)


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on January 14, 2016, 06:00:31 AM
very sad there are no buy orders for BARR&OFFS...


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: runpaint on January 14, 2016, 09:58:17 AM
very sad there are no buy orders for BARR&OFFS...


No, it's a good thing for now.  It stops all the dumping.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: zsnorbi on January 14, 2016, 11:14:39 AM
Is Barr still accepting Bun for burn? I am having around 50m of bunn iand probably i am going to burn it if you are still accepting it


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on January 14, 2016, 01:17:05 PM
Is Barr still accepting Bun for burn? I am having around 50m of bunn iand probably i am going to burn it if you are still accepting it
i already know these guys, they works like a clocks
read instructions and do
january is for BUN also


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 14, 2016, 02:03:26 PM
Is Barr still accepting Bun for burn? I am having around 50m of bunn iand probably i am going to burn it if you are still accepting it



Yes, BUN and UIS are accepted until January 30


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: runpaint on January 16, 2016, 02:44:39 PM
very sad there are no buy orders for BARR&OFFS...




No, it's a good thing for now.  It stops all the dumping.


And now there's enough to buy someone's entire BARR wallet, at 5 times the last price!


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 22, 2016, 08:31:05 PM
Alright, we're still burning more Bunnycoins!  Unitus and Bunnycoin are eligible for burn redemption until January 30, and after that the next burn period will start February 14th and go for 2 weeks.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on January 23, 2016, 04:15:17 AM
Alright, we're still burning more Bunnycoins!  Unitus and Bunnycoin are eligible for burn redemption until January 30, and after that the next burn period will start February 14th and go for 2 weeks.
guys, it was a good start but there is no incentive to burn due to buy order book is emty for BARR & OFFS both
i like to work with you and i want to return in December/first half of January


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: guim26 on January 23, 2016, 04:02:06 PM
What is the vote result for the next burn period?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: runpaint on January 23, 2016, 05:25:56 PM
Alright, we're still burning more Bunnycoins!  Unitus and Bunnycoin are eligible for burn redemption until January 30, and after that the next burn period will start February 14th and go for 2 weeks.
guys, it was a good start but there is no incentive to burn due to buy order book is emty for BARR & OFFS both
i like to work with you and i want to return in December/first half of January



Maybe one person shouldn't have filled every buy order for both coins even when he was selling at a loss. 

Almost as if he was attempting some futile attack on the market that didn't accomplish anything but wasting his own money while helping us burn more UIS and BUN.

But I appreciated the cheap BARR, and the increase in volume got us some good attention.

  In November and December I spent thousands of dollars of my own money on altcoins and burned them for BARR;  this month I let other people buy the altcoins and I spent thousands of dollars buying the BARR they were dumping.  It's pretty much the same either way.



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: runpaint on January 23, 2016, 05:27:07 PM
What is the vote result for the next burn period?


It's Bowscoin.  Don't buy at Yobit unless they take their wallet off of maintenance, because withdrawals have been down for a while.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 24, 2016, 12:30:09 AM
But you can buy Bowscoin at C-Cex, their wallet works fine.



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: tranzactionezlive on January 25, 2016, 10:07:55 AM
Any chance i can get BARR for XAI at this time ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 25, 2016, 01:21:45 PM
Any chance i can get BARR for XAI at this time ?



Sorry, but the exchange period ended in November.  We have to set a firm cutoff to encourage people to go ahead and burn their coins instead of waiting.

Plus XAI was trading at 7500 when we exchanged it for BARR, and now it's going as low as 1300.  Exchanging again now would devalue people's BARR that they got for more expensive coins.

Plus, Poloniex is delisting XAI and Cryptsy is going under. 

In related news, Poloniex is also delisting Unitus.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 25, 2016, 07:55:53 PM
The fees for sending NXT messages are going up, so we're going to have to start enforcing our spam policies.

If you're a spammer, we'll hold your transactions until they're worth combining and sending at one time.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 26, 2016, 06:03:42 PM
Alright, only 4 more days to burn your Bunnycoin and Unitus.

And since Unitus is being delisted from Poloniex on Feb. 8, swapping for BARR might be your last chance to get something out of your UIS.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 31, 2016, 02:21:21 AM
Alright, the exchange period has ended for Bunnycoin and Unitus.

We burned and redeemed about $1100 worth of Bunnycoin and about $2400 worth of Unitus (give or take 500%, depending on markets and the price of Bitcoin).

The next exchange period for BowsCoin and BARR/OFFS will be from February 14 to February 28, and voting for March coins will end on February 14.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 31, 2016, 08:07:49 PM
The burn address for BowsCoin is B4T5ciTCkWauSqVAcVKy88ofjcSasUkSYU

Current supply is just under 5,300,000

Block explorer:  http://cryptobe.com/chain/BowsCoin


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: hacksmash on January 31, 2016, 10:19:25 PM
Alright, the exchange period has ended for Bunnycoin and Unitus.

We burned and redeemed about $1100 worth of Bunnycoin and about $2400 worth of Unitus (give or take 500%, depending on markets and the price of Bitcoin).

The next exchange period for BowsCoin and BARR/OFFS will be from February 14 to February 28, and voting for March coins will end on February 14.

Top 100 funded Bunnycoin addresses:

Place:   Address:                                                           Amount (BUN):                       % from total coins:
1          BTngbpkVTh3nGGdFdufHcG5TN7hXYuX31z          11339679084.48129082          11.46539716 %


NICE !


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 31, 2016, 10:43:35 PM
11 Billion coins is a lot.

The percentage is a little higher if you don't count the charity funds, which are 10% of all Bunnycoins and have never been in circulation.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: runpaint on February 01, 2016, 01:03:07 AM
There aren't any charts that track coin swaps, but we redeemed $3500 worth of coins for new BARR.  So I consider that the same as trade volume, as well as a $3500 increase in BARR's marketcap.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Munti on February 01, 2016, 06:25:20 AM
I have been lurking here from the start, and I applaud any initiative to get rid of shitcoins.
What I don't understand is where the value in BARR is supposed to come from. Why would anyone invest in BARR?
Does this coin do more than burn shitcoins?

Edit: And why buy all the shitcoins for burning instead of letting them die without help? Where is the profit in that?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: runpaint on February 01, 2016, 12:43:51 PM
What I don't understand is where the value in BARR is supposed to come from.


Over $30,000 has been put into BARR.

That money was earned by people who produce goods and services at their jobs;  other people who value those goods and services pay them with money they earned themselves.

Then they took those 30,000 valuable dollars and bought bitcoins, which they believed to have an equal or greater value than the $30,000.

Then they took the $30,000 worth of valuable bitcoins and bought altcoins, which at the time they believed or hoped would have value equal or greater than the bitcoins.

Then they took the $30,000 worth of valuable altcoins and used them to generate new BARR.  They destroyed the altcoins because they believed BARR was more valuable.

Now they can sell their BARR for NXT, and they can sell that NXT for Bitcoin, and they can sell that Bitcoin for dollars, and they can use dollars to pay for goods and services.

People need food, clothing, and shelter, and they also want to acquire other things that they don't already own.  Other people will give them the things they want in exchange for money, and so money is as valuable to people as the food and shelter that keeps them from being homeless and starving.



Quote
Why would anyone invest in BARR?


Why "would" they?  The proper question is why have they already invested $30,000.  That money is a reason itself for other investors.

They invest because they believe it has current or future value greater than or equal to the current value of what they invest, and because they believe in the goals of the project and want to contribute to its ongoing success.



Quote
Does this coin do more than burn shitcoins?


BARR is only issued to redeem the destruction of currency with real value, never for worthless altcoins.  Everyone who burned their coins could have easily sold those coins for Bitcoin instead, which is why their choice of BARR over Bitcoin represents a real transfer of value.

And yes, BARR does more than burn valuable altcoins.  It does all the same things that other altcoins do, including instant secure international transfer of value.




But BARR also does some things that no other coins can do.  For example, Bitcoin releases new coins into circulation every 10 minutes.  Some altcoins release new coins every 60 seconds.  That means that new money has to come in constantly, or else the price will keep dropping towards 0.  They're creating new money where no money existed before, so they have to attract new dollars from outside the crypto markets every 60 seconds just to keep their price from going down.  As you know, almost none of them can do that.  But BARR is different -


BARR only adds new coins into circulation after an equal value of coins has been subtracted from another coin.  That means no new money has to come from outside the crypto markets to support its value - BARR is the only cryptocurrency that isn't creating money where no money existed before.







Quote
Edit: And why buy all the shitcoins for burning instead of letting them die without help? Where is the profit in that?


Some altcoins will die without our help.  Of course, the people holding those coins will lose all their money.

Some of the coins we have burned will be delisted from all exchanges.  If we hadn't burned them, the most active holders of those coins would have 30,000 reasons to get listed on other exchanges and keep them alive.  Now they can let those coins die without dragging it out and tying up more capital within the cryptocurrency ecosystem.

If you want to burn your altcoins without exchanging them for anything else, you are free to do so.  But since you have never done that, I'm sure you understand why nobody else is going to do it either.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: bumbacoin on February 03, 2016, 03:32:29 AM
why are you burning coins with active devs ?

bowscoin dev posted on the 24th jan.
actively advertising goods for bowscoin.

just weird how you're promoting the death of shitcoins as a good thing, when you're working on a coin which is obviously alive and seems to have more going for it than BARR
ie you can use it to purchase real world goods.


edit.
lol please burn BUMBA. 20 million coins is obviously far too many in this day of shitcoin bloat


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: pineapples on February 03, 2016, 04:22:49 AM
as i understand it,
the swap price of BARR/shitcoin will be based on the relative prices closer to the swap?

also where does the btc in buy wall for the shitcoin come from?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 03, 2016, 01:27:11 PM
why are you burning coins with active devs ?


Dead coins are already dead.  When a coin is still actively traded, we can help the people whose money is in that coin.





Quote
bowscoin dev posted on the 24th jan.
actively advertising goods for bowscoin.


We've been talking to BowsCoin Dev about burning BowsCoin since last October.  He has never objected in the past 4 months.




Quote
just weird how you're promoting the death of shitcoins as a good thing, when you're working on a coin which is obviously alive and seems to have more going for it than BARR


We've raised the price of BowsCoin from 22 satoshis to 200 satoshis, so BARR is the best thing it has going for it.




Quote
edit.
lol please burn BUMBA. 20 million coins is obviously far too many in this day of shitcoin bloat



Are you sure that wouldn't be "weird"?




Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: runpaint on February 03, 2016, 01:51:00 PM
as i understand it,
the swap price of BARR/shitcoin will be based on the relative prices closer to the swap?



Yes, we try to use the market to discover what price will get people to let go of their coins.  If we can buy 30% of the total supply at 100 sats, it's probably not worth it to start paying 200 sats.  Or if our entire buywall at 100 always gets filled in 5 minutes and we're running out of money, we'll try buying at 50.  If our order sits at 50 for 2 days and nobody sells, maybe we'll try 75.

Basically we just try to buy as many coins as we can with the limited BTC we have.

And then other people buy too, and burn their coins for BARR.

Last month we tried doing it differently, putting up a buywall for BARR, letting other people buy the altcoins, and then they could burn them and sell their BARR on a more liquid market.  It definitely resulted in huge trade volume for BARR, but we could've burned more altcoins the usual way. 

We also had more people abusing it with spam transactions, as well as someone dumping BARR at a loss to himself as soon as he got it - just so he could go around fudding with "BARR doesn't even have any buy orders" when he was the one who deliberately filled them all.  Not a big deal, but a waste of that guy's own time and money.  It also let me buy most of the BARR he was dumping for less than half what it normally costs me.




Quote
also where does the btc in buy wall for the shitcoin come from?


Some of it from random BARR users who are participating on their own.  But mostly from my own pocket.  I've been spending at least $1000 a month of my own money, and that comes from my day job.  So far I haven't sold any BARR, and we're not making any money from altcoins either because we burn them all. 

The plan is to keep doing what we do, keep showing real results in reducing altcoin supplies, and hopefully we'll continue to gain trust and investment from more new users as we prove how serious and solid the project is.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: bumbacoin on February 03, 2016, 02:16:27 PM




Quote
bowscoin dev posted on the 24th jan.
actively advertising goods for bowscoin.


We've been talking to BowsCoin Dev about burning BowsCoin since last October.  He has never objected in the past 4 months.

well, that's good then :D


Quote
edit.
lol please burn BUMBA. 20 million coins is obviously far too many in this day of shitcoin bloat



Are you sure that wouldn't be "weird"?


sure, but weird is good. lol

i'm considering offering to burn BARR for Bumba, i will have to look at teh figures and see what sort of ratio i can offer.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: antonio8 on February 03, 2016, 03:08:34 PM
Where can I find the voting at?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 03, 2016, 03:36:15 PM

i'm considering offering to burn BARR for Bumba, i will have to look at teh figures and see what sort of ratio i can offer.


How many Bumba do you have?

When we offer a coin for burn redemption, we have enough funds allocated to swap the entire coin supply of that coin.

So if you're going to do it that way, you'll need enough Bumba in your personal wallet to replace about 100,000 BARR in circulation.  At current market rates, it would take over 30 million Bumba to swap 100,000 BARR.  Of course there isn't that much Bumba in existence, even if you owned the entire supply.  But you could offer a rate less than the market.

Bumba's around 35 satoshis, but let's estimate it at 100 satoshis.  BARR is trading at 11,000 satoshis, although there's nobody selling that low.  But let's round it way down and call it 2000 satoshis.

So if you estimate Bumba at 3 times more than the market rate and BARR at 5 times less than the market rate, you can offer 20 Bumba for every 1 BARR burned.  Then you'll only need 2 million Bumba.

But if you give away 2 million of your own Bumba, it doesn't really accomplish anything different from just giving it away and not burning anything.  BARR is only issued when altcoins are burned, so that's our method of mining.  So when someone burns altcoins, they're creating new BARR.  There's not really a reason to do it for a PoW coin.





Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 03, 2016, 03:38:59 PM
Where can I find the voting at?



Votes are cast by sending BARR to the Market Fund with a permanent non-encrypted message attached naming the coin you're voting for.  
That way anyone can check the votes on the NXT blockchain.  

The coin must be in our list of eligible coins on page 1 of this topic.

The address of the Market Fund is NXT-59NQ-AA5B-V4NT-HAZLY


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: bumbacoin on February 03, 2016, 04:35:57 PM

i'm considering offering to burn BARR for Bumba, i will have to look at teh figures and see what sort of ratio i can offer.


How many Bumba do you have?

When we offer a coin for burn redemption, we have enough funds allocated to swap the entire coin supply of that coin.

So if you're going to do it that way, you'll need enough Bumba in your personal wallet to replace about 100,000 BARR in circulation.  At current market rates, it would take over 30 million Bumba to swap 100,000 BARR.  Of course there isn't that much Bumba in existence, even if you owned the entire supply.  But you could offer a rate less than the market.

Bumba's around 35 satoshis, but let's estimate it at 100 satoshis.  BARR is trading at 11,000 satoshis, although there's nobody selling that low.  But let's round it way down and call it 2000 satoshis.

So if you estimate Bumba at 3 times more than the market rate and BARR at 5 times less than the market rate, you can offer 20 Bumba for every 1 BARR burned.  Then you'll only need 2 million Bumba.

But if you give away 2 million of your own Bumba, it doesn't really accomplish anything different from just giving it away and not burning anything.  BARR is only issued when altcoins are burned, so that's our method of mining.  So when someone burns altcoins, they're creating new BARR.  There's not really a reason to do it for a PoW coin.



hmm, well i'm not really interested in swapping the whole shebang of BARR. as amusing as that would be.
there is a quantity of the BUMBA premine that is still targeted for distribution. issuing those coins as swap/burn coins would be highly entertaining.

swapping Bumba for Barr could help strengthen both currencies apparently.

i have swapped names form this excerpt from your OP ..
  – If BUMBA offers an exchange for BARR and the BARR supply is only partially destroyed, then BUMBA and BARR can both benefit.  BUMBA can gain users and adopt the value of the absorbed coins which were burned, while BARR can continue with a higher value.

seems like a win win :D


edit.
although i believe you have a stupendous amount of BARR in the burn fund, that even if we did burn the entier current circulated quantity of BARR, you would attempt to keep issuing BARR until some time next century?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 03, 2016, 05:18:06 PM

hmm, well i'm not really interested in swapping the whole shebang of BARR.


Obviously.  

In the figures above showing how you could afford to swap for BARR, I accidentally said 100,000 BARR when I meant 1,000,000.  That's my bad, sorry.

So it turns out you couldn't afford it with even with 100% of all Bumbacoins in existence, even if the price of Bumba went up 1,000%.




Quote
as amusing as that would be.


Agreed, since it could never happen.




Quote
swapping Bumba for Barr could help strengthen both currencies apparently.

i have swapped names form this excerpt from your OP ..
   If BUMBA offers an exchange for BARR and the BARR supply is only partially destroyed, then BUMBA and BARR can both benefit.  BUMBA can gain users and adopt the value of the absorbed coins which were burned, while BARR can continue with a higher value.


If you take a true statement and replace the most important word with something completely different, the statement might not be true anymore.
The most important word in the original statement was "BARR", but you've changed it to "BUMBA" which is completely different.
I guess it still applies because you said "if", but then it's just a hypothetical scenario that could never happen.

See, when BARR talks about burning an altcoin, thousands of dollars get spent and lots of coins get burned.
When Bumba talks about burning something, it's "amusing".  
So it's not quite the same thing, no matter which words you swap.

Just quoting our statements and inserting your coin's name doesn't mean anything.
BARR has actually made those statements reality, on 8 different blockchains and with $30,000 worth of coins.
Bumba has not done that, and was not designed for that purpose.




Besides, we've already burned over 230,000 BARR ourselves, which is more than you could afford with 100% of all Bumbacoins.
Of course we had a reason to burn them, and we did it in a way that made sense.  
We sent BARR back to the burn fund so it can be recycled and must be earned again with burned altcoins before it can go back into circulation.

But if you want to burn a few hundred BARR to go with the hundreds of thousands we've already burned, go ahead.  If you buy them or earn them, they're yours to do with as you please.




Quote
edit.
although i believe you have a stupendous amount of BARR in the burn fund, that even if we did burn the entier current circulated quantity of BARR, you would attempt to keep issuing BARR until some time next century?


If we burned 100% of Bumbacoins, would you attempt to keep mining blocks and generating new coins with PoW?

But yes, BARR can continue for 100 years.  


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: ___TR___ on February 04, 2016, 12:27:08 AM
11 Billion coins is a lot.

The percentage is a little higher if you don't count the charity funds, which are 10% of all Bunnycoins and have never been in circulation.

It is possible that some charity coins are in circulation as anyone could create a charity address and get it voted to receive a cut.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 04, 2016, 01:06:08 AM
11 Billion coins is a lot.

The percentage is a little higher if you don't count the charity funds, which are 10% of all Bunnycoins and have never been in circulation.

It is possible that some charity coins are in circulation as anyone could create a charity address and get it voted to receive a cut.



Over 9.91658% of all Bunnycoins are in these 4 charity addresses which have never sent a transaction:


http://www.multifaucet.tk/index.php?address=BUNNchakzhDiRBVfKcykvxcz3Wh1mm6op3&blockexplorer=BUN

http://www.multifaucet.tk/index.php?address=BUNNchaiaxxaS3DEcb894TomLT3VxxCcmK&blockexplorer=BUN

http://www.multifaucet.tk/index.php?address=BUNNcha7eXm4gRBAwtysc5ppvp9zJueuB9&blockexplorer=BUN

http://www.multifaucet.tk/index.php?address=BUNNchaR2YYLMYEAtyC8h3oPyhG5LLWY2y&blockexplorer=BUN




So if there was another charity address that has already sent coins into circulation, the maximum possible amount would be less than 0.08342% which is currently worth under 5 dollars.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: bumbacoin on February 04, 2016, 01:53:44 AM

In the figures above showing how you could afford to swap for BARR, I accidentally said 100,000 BARR when I meant 1,000,000.  That's my bad, sorry.

in the OP
BARR 230,356 coins burned out of 780,856 in circulation  = 29% (self-burned BARR, sent back to the burnfund)

only 550,000 in circulation?


Quote
swapping Bumba for Barr could help strengthen both currencies apparently.

i have swapped names form this excerpt from your OP ..
   If BUMBA offers an exchange for BARR and the BARR supply is only partially destroyed, then BUMBA and BARR can both benefit.  BUMBA can gain users and adopt the value of the absorbed coins which were burned, while BARR can continue with a higher value.


If you take a true statement and replace the most important word with something completely different, the statement might not be true anymore.
The most important word in the original statement was "BARR", but you've changed it to "BUMBA" which is completely different.
I guess it still applies because you said "if", but then it's just a hypothetical scenario that could never happen.

See, when BARR talks about burning an altcoin, thousands of dollars get spent and lots of coins get burned.
When Bumba talks about burning something, it's "amusing".  
So it's not quite the same thing, no matter which words you swap.

Just quoting our statements and inserting your coin's name doesn't mean anything.
BARR has actually made those statements reality, on 8 different blockchains and with $30,000 worth of coins.
Bumba has not done that, and was not designed for that purpose.

of course it's exactly the same thing, it's still true

There is nothing uniquely special about BARR other than it's particular origin (from you) and it's name (BARR).

i could make a shitcoin, SWAP, and offer exactly the same services and that statement would be true.
or i could put aside a portion of Bumba (or create more Bumba) and set up the same protocol

it does strike me as amusing that in the process of burning shitcoins, you are quite happy to strengthen two coins in the process. no worry about reducing the amount of shitcoins in existence, just make them stronger.





Besides, we've already burned over 230,000 BARR ourselves, which is more than you could afford with 100% of all Bumbacoins.
Of course we had a reason to burn them, and we did it in a way that made sense.  
We sent BARR back to the burn fund so it can be recycled and must be earned again with burned altcoins before it can go back into circulation.

But if you want to burn a few hundred BARR to go with the hundreds of thousands we've already burned, go ahead.  If you buy them or earn them, they're yours to do with as you please.

Quote
edit.
although i believe you have a stupendous amount of BARR in the burn fund, that even if we did burn the entier current circulated quantity of BARR, you would attempt to keep issuing BARR until some time next century?


If we burned 100% of Bumbacoins, would you attempt to keep mining blocks and generating new coins with PoW?

But yes, BARR can continue for 100 years.  

if i wanted to regularly invest several thousand dollars of my own money i could inflate the price of BUMBA to a point where we could swallow BARR. however at this point i dont really see any use as you will continue to pump out BARR for the forseeable future.

i could however continue to artificially inflate the value of BUMBA, whilst creating a protocol where through a similar release/halving system we could continue to burn BARR for the next 100 years.
(if necessary we could artificially create another million or so BUMBA for this purpose as well)

any artificial protocol is easy to copy. it's just a matter of doing it.

first of all create an artificial pump for BUMBA through injecting funds,
swap coins,
repeat regularly.

(it does make me consider the NEXUS swap model would be more useful here, as dumping BARR on the market place would help the process by continuing to de-value BARR (rather than strengthening BARR) and also convert them back into more buy support for BUMBA.)

that could result in a competition of who could artificially inflate their coin value the most, reminding me of the american political system where there is a corrupt system of waste taking place to see who can waste the most human resources.
haha although the competition would end with the strengthening of both BARR and BUMBA.

although tbh, strengthening is not necessarily true.
reducing coin supply, while increasing price .. inversely proportional and all that.
does increase value for some coin holders though :D

--

i'm not that averse to Barr swapping coins, nor Digital Credits swapping coins, nor Nexus swapping coins, nor any other coin swapping system that may happen.
i'm not that averse to you continue to investing your own cash to inflate values to a point where it becomes useful to swap.

i agree that swallowing coin systems may create a stronger coin system,
i am quite amused that you have a system, that through the artificial injection of personal funds you can strengthen both shitcoins at the same time :)

i would like to point out that creating manipulated economic models does not make Barr an automatic success.
anyone can create an arbitrary value for any shitcoin by putting money in, that's how a PnD works,

the real value of Barr will be revealed in the future.
i wish you luck with your coin strengthening :D

and if anyone wants to swap Barr for Bumba, send me a pm and we'll work something out ;)

-
edit if there is any consideration of ever swapping bumba, i will do anything useful towards it.
ie not dumping the remains of the premine ;) as they enjoy the same artificially valueless state of the Barr burnfund


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 04, 2016, 03:34:46 AM
only 550,000 in circulation?


Those are old figures, there are 993,343 in circulation.




Quote
There is nothing uniquely special about BARR other than it's particular origin (from you) and it's name (BARR).


BARR is the only cryptocurrency that comes from burning different altcoins each month. 
Since it's the only one of its kind, it is unique by definition.  Try dictionary.com




Quote
if i wanted to regularly invest several thousand dollars of my own money i could inflate the price of BUMBA


"Oh, my coin could be good too, I just don't want it to be."

Since you don't think your own coin is worth buying, we'll take your word for it.

And since you don't think having a good coin is a worthwhile goal, we'll ignore everything you say about how to run a coin. 




Quote
anyone can create an arbitrary value for any shitcoin by putting money in


If there's a lot of money put into it, the value isn't arbitrary.  Again, words have definitions.

And if anyone can do it, why is your coin worth 100 times less than BARR? 
You keep saying you "could make a coin" or "could do the same thing", but you already did make a coin. 
Your coin has 5 active nodes and can only be traded as long as Cryptopia allows it.

You say it would be "easy" to do the same thing as BARR - but you don't even understand what we do or how it works.



Quote
and if anyone wants to swap Barr for Bumba, send me a pm and we'll work something out ;)


If BARR's ideas aren't special or unique, why haven't you talked about doing them for the past 2 years until after BARR did them? 
If BARR's ideas are so "amusing", why are you now attempting to copy those ideas? 
So you'll have an excuse for all those premined coins you still have, after you announced you were giving them away last year?

You can't even give your coins away for free over a period of several months, but now you're offering them as a swap for other coins?


All you're really saying is "So what, BumbaCoin would be just as good as BARR if $30,000 had been invested in BumbaCoins." 
You might as well go over to the Bitcoin forum and tell them Bitcoin has nothing better than BumbaCoin other than 6 Billion dollars. 


You want to talk about a coin that has nothing uniquely special about it?  You launched an altcoin clone in 2014, exactly the same as thousands of others.
Your coin was listed on a "Dead Altcoins" list 30 days after you launched it.  That is what "anyone can do".
Your coin has 0 volume at 35 satoshis.  That is what's "easy to do".
Your ANN has 16 pages since 2 years ago.  That is something "we could do just the same", except we did it in 4 months.
Your "marketplace" topic has only had 4 people ever reply to it.  That's just sad.
And then for you to come here and preach about what we're doing wrong?  THAT is amusing.


So if BARR ever wants to be like BumbaCoin, we'll ask for your advice.
But for now, you're the one who's trying to be like BARR. 


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Empinel on February 04, 2016, 04:03:09 AM
Hey BARR_Official. I am trying to make a website for BARR and trying to create an EZBurn System (like you go on the website and the address, and everything will be burnt)


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 04, 2016, 04:16:29 AM
Hey BARR_Official. I am trying to make a website for BARR and trying to create an EZBurn System (like you go on the website and the address, and everything will be burnt)


How does it work?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on February 04, 2016, 05:21:30 AM
Quote from: runpaint
We also had more people abusing it with spam transactions, as well as someone dumping BARR at a loss to himself as soon as he got it - just so he could go around fudding with "BARR doesn't even have any buy orders" when he was the one who deliberately filled them all.  Not a big deal, but a waste of that guy's own time and money.  It also let me buy most of the BARR he was dumping for less than half what it normally costs me.
it's me, it's me !
i'm flattered
ok, are you interested to make language localization for BARR ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: bumbacoin on February 04, 2016, 09:14:00 AM
Quote
There is nothing uniquely special about BARR other than it's particular origin (from you) and it's name (BARR).

BARR is the only cryptocurrency that comes from burning different altcoins each month.  
Since it's the only one of its kind, it is unique by definition.  Try dictionary.com

that isnt what makes Barr unique, it's what makes it's distribution protocol unique.
Barr is a Next Asset style of shitcoin. no more no less.


Quote
if i wanted to regularly invest several thousand dollars of my own money i could inflate the price of BUMBA

"Oh, my coin could be good too, I just don't want it to be."

Since you don't think your own coin is worth buying, we'll take your word for it.

And since you don't think having a good coin is a worthwhile goal, we'll ignore everything you say about how to run a coin.  

since i dont think artificially creating a pump coin  is a good idea ??
pardon me for not wanting to manipulate it "too" much :)


Quote
anyone can create an arbitrary value for any shitcoin by putting money in

If there's a lot of money put into it, the value isn't arbitrary.  Again, words have definitions.

And if anyone can do it, why is your coin worth 100 times less than BARR?  
You keep saying you "could make a coin" or "could do the same thing", but you already did make a coin.  
Your coin has 5 active nodes and can only be traded as long as Cryptopia allows it.


of course it can be arbitrary,
lets pretend i want to increase bumba's value to a similar market cap of Barr.

i pick the arbitrary value, then i put the appropriate amount of resources into Bumba to reach that arbitrary value

i'm not saying that anyone decided to make Barr valued at 1100 sats (or whatever), i'm saying anyone can create an arbitrary value for a shit coin.
i'ts basic economics
if supply/demand create price, then manipulating supply/demand will effect price.

you're working with an artificially inflated system by arbitrarily injecting funds into the process. this is no different to selling things in a market place for bumba.
but it creates an artificial supply/demand cycle.

it's amusing how happy you are about the easily manipulatable system you're working with/ created. and how you think the outcome actually proves some sort of real value.

you havent even bothered working with a truly trustable system. you could dump any amount of Barr you wanted at any time.
i've never really looked at Next or Assets so I dont know, but with Bumba for example, it would be simple to code in a timestamp to lock fund from being accessed until that timestamp is reached.

also, you might want to keep up with your "transparency".
the opening posts in this thread are not up to date, nor is http://barr.me



You say it would be "easy" to do the same thing as BARR - but you don't even understand what we do or how it works.


lol because Barr is so mysterious that no-one truly knows how it works.


Quote
and if anyone wants to swap Barr for Bumba, send me a pm and we'll work something out ;)


If BARR's ideas aren't special or unique, why haven't you talked about doing them for the past 2 years until after BARR did them?  
If BARR's ideas are so "amusing", why are you now attempting to copy those ideas?  
So you'll have an excuse for all those premined coins you still have, after you announced you were giving them away last year?

You can't even give your coins away for free over a period of several months, but now you're offering them as a swap for other coins?


All you're really saying is "So what, BumbaCoin would be just as good as BARR if $30,000 had been invested in BumbaCoins."  
You might as well go over to the Bitcoin forum and tell them Bitcoin has nothing better than BumbaCoin other than 6 Billion dollars.  


You want to talk about a coin that has nothing uniquely special about it?  You launched an altcoin clone in 2014, exactly the same as thousands of others.
Your coin was listed on a "Dead Altcoins" list 30 days after you launched it.  That is what "anyone can do".
Your coin has 0 volume at 35 satoshis.  That is what's "easy to do".
Your ANN has 16 pages since 2 years ago.  That is something "we could do just the same", except we did it in 4 months.
Your "marketplace" topic has only had 4 people ever reply to it.  That's just sad.
And then for you to come here and preach about what we're doing wrong?  THAT is amusing.


So if BARR ever wants to be like BumbaCoin, we'll ask for your advice.
But for now, you're the one who's trying to be like BARR.  

Barr's idea is not unique, it's been floated around a few times.
Your self righteous indignation is also not unique.

lol Bumba was never meant to be anything more than a shitcoin so go figure. crypto is fun :D

you're just making up amusingly outrageous crap now. lol

the only things you're doing wrong is getting outraged that i dont care how awesome Barr is, and also that you're not accepting that i could swap Bumba for Barr in exactly the same manner your doing. as could any other person ..

for whatever reasons, we gave away a couple of million bumba, and have a couple of million left.
obviously giving them away is not necessarily healthy for a coin, or perhaps you'd be doing the same ;)
how we give them away is completely arbitrary. doing a swap for another shitcoin is just another possibility. and if you cant see the humour in swapping them for Barr you should.


that said,
i was interested in getting some "gifts" for bowscoin and ended up catching a few dumps before the price pumped.
i'll watch with interest how the pump goes and where your buy walls end up ;)
perhaps it would be in my best interest to invest further funds into pumping bowscoin further ;) after all, it would be foolish of me not to enjoy such an easily manipulatable system to it's best affect.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: bumbacoin on February 04, 2016, 09:38:43 AM

lol.
i came on to ask why you were burning a coin with an active dev (Bowscoin), you said you'd been chatting with said dev, i said great.

then i said, maybe i could swap Bumba for Barr because we have some spare and need to give them away,
this evolves into you taking personal affront at me telling you how to operate Barr? then making outrageously untrue (and hurtful *sniff*) comments about bumba.

how to escalate an innocent discussion woot :D


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 04, 2016, 01:45:08 PM
You came here to talk trash, and now you're upset because of the simple facts.

Like I said, we'll ask your advice when we want to be like Bumbacoin.

But you assume we're already like Bumbacoin, so it confuses and frustrates you that we do things honestly instead of the way you do things.




you havent even bothered working with a truly trustable system.


Are you trying to say "trustless"?  Those are two different things.





Quote
you could dump any amount of Barr you wanted at any time.


No, that's you and your hidden premine.  Again, we're not like Bumbacoin.

Our transparent accountability is trustless, because anyone can see exactly where every single BARR goes on the NXT blockchain in real-time.  






Quote
lol Bumba was never meant to be anything more than a shitcoin so go figure.


Then stop selling it to the public for real money.

Again, you're confused because you think everyone else runs their coins like you do.

You see your coin as a way to take people's money and then tell them it was just a joke.  That's not what we're doing.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: bumbacoin on February 04, 2016, 02:52:45 PM
You came here to talk trash, and now you're upset because of the simple facts.

Like I said, we'll ask your advice when we want to be like Bumbacoin.

But you assume we're already like Bumbacoin, so it confuses and frustrates you that we do things honestly instead of the way you do things.

trash?
i haven't come here to talk trash. you're just seeing trash where' there's no trash to see.

there you go making outrageous claims again, now about my honesty? lol

you're the only one who's talking trash here, i havent made one single unjustified comment.
where as they are piling up from your end.


you havent even bothered working with a truly trustable system.

Are you trying to say "trustless"?  Those are two different things.

Quote
you could dump any amount of Barr you wanted at any time.

No, that's you and your hidden premine.  Again, we're not like Bumbacoin.

Our transparent accountability is trustless, because anyone can see exactly where every single BARR goes on the NXT blockchain in real-time.  


lol. it's not trustless. trustless is where no-one needs to trust you.
i assumed you would know that seeing how pedantic you are about the difference between trustable and trustless.

your system is not trustless because there's nothing to stop you from moving coins and dumping even if everyone can see them.
"oh look, there's a big dump from the burn fund, i can see it on the blockchain. fancy that."

your record keeping is not up to date, neither this thread is being kept current, nor the website,
so no-one can tell how trustworthy your records of your swaps have been (not that a simple record of coins moving in the chain is any indication of what actually happened in the swap).


it's great that you are apparently doing things honestly,
no idea why you think you should attack my honesty though? hidden premine. lol

honesty in this situation should also entail complete open ness about your own purchases of Barr.

you are the central overseer,
you are injecting personal funds into your own public project,
you are openly manipulating the market (through injecting funds - again, nothing wrong with that at all as long as you are open),
you should be completely transparent about your actions.

Quote
lol Bumba was never meant to be anything more than a shitcoin so go figure.

Then stop selling it to the public for real money.

Again, you're confused because you think everyone else runs their coins like you do.

You see your coin as a way to take people's money and then tell them it was just a joke.  That's not what we're doing.

lol.
i own personal bumba, so does everyone else who owns bumba.
i guess we should all take them off the market because apparently no-one should be trading shitcoins.

that just shows how confused you are, do you even know what a shitcoin is? shall i list a few for you ?
Dash, Doge, Bumba, Barr. shitcoins are everywhere bae.

lol at your claim I'm trying to take peoples money? haha that's why Bumba is such an awesome shitcoin.

you are just rude.
and ignorant :D
but mostly rude, i assume most of your ignorance is just you being rude and not realising how ignorant you seem.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 04, 2016, 03:36:18 PM
trash?
i haven't come here to talk trash.


You're a liar, and a waste of time.  You showed up with fud and passive-aggressive insults from your first post.

I tried responding politely, but you weren't interested in an honest conversation because you're just here to cause trouble.  

So I responded with facts to refute everything you said, and now you're whining like a baby about rudeness.  I'm not the one who showed up to someone else's thread and started spamming bullshit.  That's you, and once again you can't seem to tell the difference between yourself and other people.

We've only deleted 1 person's posts here, ever, and that was 4 months ago on the first day this thread was started.  But even with all the assholes and scammers at bitcointalk, you've managed to distinguish yourself as worse than average.  I haven't deleted any of your posts yet, but you've wasted too much space already and you're not allowed any more.




Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 04, 2016, 03:44:57 PM
Apologies to everyone for responding to a troll.

If anyone else thinks he had a good question that got lost in the arguing, please ask and we'll try to make sure there are no legitimate concerns unanswered.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Empinel on February 04, 2016, 05:16:18 PM
Hey BARR_Official. I am trying to make a website for BARR and trying to create an EZBurn System (like you go on the website and the address, and everything will be burnt)


How does it work?

Basically, a Zero Bullshit System.

It's basic PHP.

There are two forms, the first form will need you to enter the source and destination (NXT and PubKey Compulsary) and your name (optional).

Then, that user will be given a token.

Then in the second form, the person has to enter the TXID and at the same time provide the private key to the address (optional) and that token (remember from the first form) needs to be entered.

All this goes into a SQL Database. You can access the Database at MySQL, on your own request you may program it to have the block explorer link in the DB.

Verification unfortunately will have to be done manually.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 04, 2016, 10:13:19 PM

Basically, a Zero Bullshit System.



We need to implement one of those for this thread


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Empinel on February 05, 2016, 03:10:18 AM

Basically, a Zero Bullshit System.



We need to implement one of those for this thread

I seriously doubt the forum allows custom code


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 07, 2016, 03:58:15 PM
BowsCoin will be redeemed at the rate of .02 BARR per BSC, or 50 BSC for 1 BARR.

The burn address for BowsCoin is B4T5ciTCkWauSqVAcVKy88ofjcSasUkSYU

Current supply is 5,355,099 BSC

Block explorer:  http://cryptobe.com/chain/BowsCoin



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: runpaint on February 12, 2016, 04:10:08 PM
Since nobody else has voted yet, I just sent 10,000 votes to vote for moving the voting date.  If nobody else outvotes me before midnight on the 14th, we'll see how it works to end the voting at 00:00 UTC on the 1st of each month and then burn the coins from the 14th to the 28th.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on February 12, 2016, 11:20:19 PM
how to check current vote results for burn candidate ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: runpaint on February 12, 2016, 11:57:25 PM
Check the BARR Market Fund at NXT-59NQ-AA5B-V4NT-HAZLY to see all asset transfers of BARR with attached messages.  1 BARR is 1 vote.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 14, 2016, 12:24:35 AM
Burn exchange for BowsCoin has begun, and will end on February 28.



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 14, 2016, 09:55:13 AM
We have burned 2,000,000 BSC, which is over 37% of the supply, with a current value of approximately $3200.

Less than 5% of all BowsCoins remain in circulation outside the top 10 addresses.

http://richlist.cryptobe.com/BowsCoin






because everyone needs a felt patch,
just started an auction for the necessary 10K BSC to get your own favourite coin icon made up.

we will give you the voucher, then you can give it to Bowscoin dev with your specific request :)

...

NOTE.
the 10K BSC will come as a yobit code.
currently their wallet is offline and taking advantage of the BARR swap may not be possible.




Remember not to buy or accept any so-called BSC BowsCoins at YoBit unless they get their wallet online.
If you can't withdraw it, you don't actually have any real BSC. 
And their wallet has been offline since last year.

C-Cex is currently the only market where you can deposit and withdraw BSC, so that's where the trading is.
The market at YoBit says someone just bought exactly 10,000 BSC today, between 65 and 84 satoshis,
while BSC has been 400 satoshis at C-Cex for the past 7 days in a row.

So if someone offers you BSC at YoBit, remember that they probably just bought it for 80% less than the current market rate because it can't be withdrawn.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 15, 2016, 03:45:17 PM
Voting for March will end at 00:00 UTC on March 1.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on February 20, 2016, 05:03:59 AM
Bunnycoin should be cross out from eligible list, isnt it ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 20, 2016, 07:16:46 PM
Bunnycoin should be cross out from eligible list, isnt it ?


Yes, that is correct.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on February 23, 2016, 04:52:19 AM
Bunnycoin should be cross out from eligible list, isnt it ?
Yes, that is correct.
why it is still not crossed out ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 23, 2016, 12:12:17 PM
Bunnycoin should be cross out from eligible list, isnt it ?
Yes, that is correct.
why it is still not crossed out ?


The data review for this cycle's update processing is still in secondary phase.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: runpaint on February 25, 2016, 10:01:09 PM
I've voted for ChainCoin CHC as the coin for March.

ChainCoin trades at C-Cex and Cryptopia.

Remember the new schedule is: 
Voting ends at 00:00 UTC on the 1st of each month,
and burn exchange now goes from the 14th through the 28th of each month. 


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on February 26, 2016, 12:36:23 AM
what will be CHC/BARR exchange rate ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: runpaint on February 26, 2016, 12:51:13 AM
what will be CHC/BARR exchange rate ?



Hopefully it will be pretty good.  We'll try to set the rate on or before the 7th. 


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 28, 2016, 05:03:12 AM
Alright, only a few hours to go before February burn redemption ends for BowsCoin and BARR/OFFS.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: gjhiggins on February 28, 2016, 05:21:31 PM
what will be CHC/BARR exchange rate ?



Hopefully it will be pretty good.  We'll try to set the rate on or before the 7th. 

Hard to see how you can maintain that stance, given the developments in Nxt assets. The Nxt dependency was always my biggest objection in principle to your approach.

What vote?

Cheers

Graham


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: stereotype on February 28, 2016, 05:34:13 PM
what will be CHC/BARR exchange rate ?



Hopefully it will be pretty good.  We'll try to set the rate on or before the 7th.  

Hard to see how you can maintain that stance, given the developments in Nxt assets. The Nxt dependency was always my biggest objection in principle to your approach.

What vote?

Cheers

Graham

I take your point re NXT assets, but dependency may not be a big issue. Maybe Jl777 will be giving an example soon!
How do you see the better approach, for BARR?

BTW....https://bitcointalk.org/index.php?topic=1372879.msg14039197#msg14039197


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: runpaint on February 28, 2016, 06:13:21 PM

What vote?




There's a voting process every month, it ends on the 1st at 00:00 UTC.

1 BARR = 1 vote, sent to the BARR Market Fund with a message attached naming the altcoin being voted for.
(NXT-59NQ-AA5B-V4NT-HAZLY)

The Market Fund exists only to trade BARR, and no BARR or NXT ever leaves that account unless it goes back to the Burn Fund.  So voting also acts as a donation that helps support the price of BARR.

After we get enough users in OFFS, we may transition to burning all BARR that comes into the Market Fund, swapping it for OFFS, selling the OFFS for NXT, and then using 100% of that NXT to buy BARR.  Then burning that BARR, etc.

So far nobody has voted except me, but it's still good because it's an open process that is available for everyone to see.



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 28, 2016, 06:25:11 PM
what will be CHC/BARR exchange rate ?



Hopefully it will be pretty good.  We'll try to set the rate on or before the 7th.  

Hard to see how you can maintain that stance, given the developments in Nxt assets. The Nxt dependency was always my biggest objection in principle to your approach.

What vote?

Cheers

Graham

I take your point re NXT assets, but dependency may not be a big issue. Maybe Jl777 will be giving an example soon!
How do you see the better approach, for BARR?

BTW....https://bitcointalk.org/index.php?topic=1372879.msg14039197#msg14039197



Before BARR launched, we already created backup currencies for BARR and OFFS on the NXT Monetary System.
The NXT MS was supposed to eventually allow stand-alone wallets for currencies, and even independent PoW or PoS mining.

So we launched on the Asset Exchange, but ready to switch to another system if it ever proved beneficial.

If we need to switch to another platform, for any reason, we can easily do that.
The standard process would be even easier than the way we already burn altcoins and redeem them for BARR.

But jl777 has announced a new way to move assets between multiple blockchains,
meaning that we won't even necessarily need to rely on a single platform or blockchain.
Even if we launch our own blockchain and our own QT wallet,
people could be able to transfer BARR to a number of other blockchains.



BARR was designed from the start with the ability to migrate to another platform whenever necessary.
But NXT was supposed to be the only platform we needed.

We have burned roughly $40,000 worth of coins from 8 different altcoin blockchains,
and we have redeemed those coins on the NXT blockchain with BARR.

The idea was that, after the exchange process/cross-blockchain migration,
the BARR tokens would be just as decentralized as any other cryptocurrency.
More decentralized in fact, since they can be traded without trusting any exchange.

NXT claimed to offer a solution for permanent decentralized record-keeping,
and anyone can easily view our issuing account and find altcoin txids proving the burns to match every unit of BARR that has ever been issued.

But now NXT will not keep those records permanently on the blockchain.
If NXT makes any other catastrophic changes that negatively affect the value of the coins which have been transferred to the NXT platform,
we are fully willing and capable of moving the entire project to another platform.
We can do it in 1 day.

Of course, doing it the normal way would leave the possibility that such a migration might again become necessary in the future.

But if users are able to transfer their own assets to their blockchain of choice,
then the future of true decentralization has just exploded in ways we can only imagine.





Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: gjhiggins on February 28, 2016, 06:36:50 PM
dependency may not be a big issue. Maybe Jl777 will be giving an example soon!

Er, how can dependency not be an issue when it's all dependent on what jl777 wants to do? As BARR notes, there's nothing to stop it happening all over again. It's a shame that realisation came so late.

Quote
How do you see the better approach, for BARR?

I don't agree with BARR's impoverished and unidimensional view of altcoins. BARR is exploiting disgruntled people who consider themselves to be 澱agholders, a sadly self-serving label that absolves them of all the responsibility that accrues to an investor in an endeavour. All they can see is short-term petty gain, not long-term deep influence and are condemned to be ever on the short end of the deal. I would think 堵ood riddance except for the deleterious effects on the coin supply wrought by artificially restricting availability, thus deepening the stagnation that the approach is supposed to relieve and deepening the divisions between the different interests that comprise an altcoin 田ommunity.

The altcoin scene is corrosive and poisonous enough without further divisiveness being introduced and given a fake moralistic spin.


Cheers

Graham


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 28, 2016, 07:30:25 PM
dependency may not be a big issue. Maybe Jl777 will be giving an example soon!

Er, how can dependency not be an issue when it's all dependent on what jl777 wants to do?


If jl777 launches a way to move assets between blockchains,
how is anyone dependent on him once it's been launched?

We swap coins that were dependent on deadbeat devs, dependent on Cryptsy or other exchanges.
Right now we're only dependent on the decentralized consensus of every NXT node.
We're no more dependent than any other cryptocurrency.




Quote
As BARR notes, there's nothing to stop it happening all over again. It's a shame that realisation came so late.


I noted that there's nothing to stop us from continuing BARR no matter how many devs change their plans.
It's a shame that you're trying to twist that into a negative.





Quote
I don't agree with BARR's impoverished and unidimensional view of altcoins.


Our view is that the money and work people have put into altcoins doesn't have to die when those altcoins die.

We have proven our view with real results, so where is your disagreement?




Quote
BARR is exploiting disgruntled people


Let's go over a list of what we do, and you tell me in what way we're exploiting anyone:

By filling their sell orders with Bitcoin, at higher prices than anyone else would pay?

By running the only working Keycoin node that can make more than 2 connections, 24 hours a day for over a year?

By using thousands of dollars worth of computer equipment to solo-mine coins with stuck blockchains?

By hosting Keycoin.us, Fractalcoin.us, Unitus.ninja, and Lyrabar.us?

By paying for block explorers for coins that don't have one?

By running community takeovers for coins with no devs, swapping coins for everyone who wants while allowing others to keep their coins if they want?

By launching the only cryptocurrency that doesn't create money from nothing where no money existed before?

By pouring our own money into BARR as fast as we can get it, for the past 5 months, without ever yet profiting 1 satoshi?

Which of those involves "exploiting" people?




 
Quote
who consider themselves to be 澱agholders, a sadly self-serving label


You're the one applying that label to them




Quote
that absolves them of all the responsibility that accrues to an investor in an endeavour.


But when we take responsibility and put a lot of work into a new project to make something of those investments,
you don't like that either. 

Is there any option in which you will label us neither bagholders nor exploiters?



Quote
All they can see is short-term petty gain, not long-term deep influence


So you're agreeing with BARR's long-term plans to make a positive influence, or not?



Quote
and are condemned to be ever on the short end of the deal.


Yes, some altcoin users are condemned to lose -
condemned by Cryptsy, condemned by devs, condemned by jaded bitcointalk users who say they'll never succeed.

You say they have no options, but BARR gives them an option.
Is that your complaint?  That we're proving you wrong?



Quote
I would think 堵ood riddance except for the deleterious effects on the coin supply


What coin supply?  The supply of altcoins? 

Are you saying there aren't enough altcoins anymore, because of BARR?



Quote
wrought by artificially restricting availability,


All the altcoins we've burned remained plentifully available after we were done.
To say that there was still more supply than demand is a vast understatement.



Quote
thus deepening the stagnation that the approach is supposed to relieve


Actually the price of Bitcoin has gone up. 

Do you have some data showing that we have deepened stagnation, or are you just making it up?




Quote
and deepening the divisions between the different interests that comprise an altcoin 田ommunity.


In what world do different interests have no divisions between them?

The common interest of many altcoin holders is "not to lose all of our money", and BARR is bringing people together in that common interest.

I haven't noticed any arguments between the people running the 4 active Fractalcoin nodes and the people running the 4 active Keycoin nodes,
but perhaps you can lend your diplomatic skills to their "communities" and heal the dispute among these 8 people which was caused by BARR's exploitation.

Then maybe you can fix Cryptsy so they can have somewhere to trade their coins,
which IMHO might be a larger concern in their minds than your imaginary division between them.

Of course, BARR has already solved the problem for anyone who wanted it.
You can still fix Cryptsy if you want to provide a way to trade for users of Keycoin and Fractalcoin,
but remember that BARR has already done it better.









Quote
The altcoin scene is corrosive and poisonous enough without further divisiveness being introduced and given a fake moralistic spin.



Referring to your own post, then?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: stereotype on February 28, 2016, 08:40:26 PM
dependency may not be a big issue. Maybe Jl777 will be giving an example soon!

Er, how can dependency not be an issue when it's all dependent on what jl777 wants to do? As BARR notes, there's nothing to stop it happening all over again. It's a shame that realisation came so late.

Quote
How do you see the better approach, for BARR?

I don't agree with BARR's impoverished and unidimensional view of altcoins. BARR is exploiting disgruntled people who consider themselves to be 澱agholders, a sadly self-serving label that absolves them of all the responsibility that accrues to an investor in an endeavour. All they can see is short-term petty gain, not long-term deep influence and are condemned to be ever on the short end of the deal. I would think 堵ood riddance except for the deleterious effects on the coin supply wrought by artificially restricting availability, thus deepening the stagnation that the approach is supposed to relieve and deepening the divisions between the different interests that comprise an altcoin 田ommunity.

The altcoin scene is corrosive and poisonous enough without further divisiveness being introduced and given a fake moralistic spin.


Cheers

Graham

No. You misinterpreted. Its irrelevant what jl777 wants to do. I was using his intentions as an example of whats possible regarding dependency. But as BARR_Official has posted, dependency has been accounted for.

Er, negative much. I agree with some of it, but cant for the life of me see where BARR fits into the above narrative. Kinda wrong thread.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: gjhiggins on February 29, 2016, 02:59:33 AM
We swap coins that were dependent on deadbeat devs

That's the impoverished, unidimensional perspective I meant. Idiosyncratic and simplistic definitions such as 電eadbeat devs and 電ead coins means that your targeting process is weak and that undermines both your principles and the effectiveness of your solution.

Why, for instance are you now targeting Chaincoin, there are 40 extant nodes - is that not enough for your demanding standards or is it that your selection process is so ill-conceived that it is basically random?

Cheers

Graham




Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 29, 2016, 05:04:03 AM
We swap coins that were dependent on deadbeat devs

That's the impoverished, unidimensional perspective I meant.


No, that's not what you meant.
You said your biggest objection to BARR was its dependency on NXT.
I explained why your point was a non-starter,
and now you're saying that your own arguments about dependency are
"impoverished, unidimensional, idiosyncratic, simplistic" and other big words that don't apply.

Does it offend you that I coined the term "deadbeat devs" to refer to people who launch a coin and then abandon it after a few weeks?
Would you like to offer some defense on their behalf?
Do you honestly fail to see the comparison to "deadbeat dads"?





Quote
Why, for instance are you now targeting Chaincoin


Now?  Chaincoin has been on our list since October, in Page 1 of this topic.
We had 50 votes for Chaincoin in December.

Why are you now questioning it?  (That's rhetorical;  obviously you're questioning it out of ignorance and pointless spite)

The fact is that we will burn any altcoin if it meets the requirements, up to and including Dogecoin and Litecoin.

So the answer to why we're burning Chaincoin is that it meets the requirements which hundreds of other coins do not.




Quote
is it that your selection process is so ill-conceived that it is basically random?


I could amuse everyone by asking you to suggest 10 better coins that aren't on our list,
and then I could explain to you why 8 or 9 of your choices wouldn't work.

But instead of proving how little you know about what is involved in a project like this,
I'll help you out and list some of our basic requirements for a coin:

#1, Its marketcap must be lower than the allocated amount of BARR, so that we can afford to swap the entire supply of the coin
#2, It must be listed on an exchange or otherwise available to be traded
#3, It must be functioning and have a working block explorer
#4, It must be at least 6 months old
#5, It cannot be able to regain the coin supply easily after we burn it, such as through high block rewards, high PoS, centralized issuance or checkpointing
#6, It cannot have a significant percentage of supply in premine held by devs, or otherwise likely benefit scammers through our swap
#7, There must be a reasonable likelihood that our efforts can result in a significant percentage of the coin supply being burned
#8, It must have a publicly verifiable method of burning coins
#9, Someone must spend BARR to vote for it, which means BARR's burns are determined by BARR users and no one else.

Now, even with the rules spelled out clearly to help you avoid the embarrassing suggestions you would have made,
you still can't come up with a better list of 100 coins than the list we made.

So no matter how many clever ways you come up with to call us stupid, we must be just a little smarter than yourself.
Unless you can suggest some better coins to burn?




Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 29, 2016, 05:19:00 PM
The February burn period has ended.

We burned over 2 million BowsCoins, 37.5% of the total BSC coin supply.
Less than 5% of all BowsCoins remain in circulation outside the top 10 addresses.

We also re-burned 50,000 BARR and redeemed them with OFFS,
bringing the total amount of BARR burned to over 22% of all the BARR that's been issued.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: gjhiggins on March 01, 2016, 09:29:15 AM
No, that's not what you meant.
You said your biggest objection to BARR was its dependency on NXT.

I indicated that was my biggest objection in principle (and which I'll now refine further to 妬ts relationship with NXT).

My biggest objection in practice is the arbitrary targeting ...

Quote
people who launch a coin and then abandon it after a few weeks

Quote
#2, It must be listed on an exchange or otherwise available to be traded
#3, It must be functioning and have a working block explorer
#4, It must be at least 6 months old

It's difficult to see how anyone can be oblivious to this contradiction.

Thank you for confirming my perception that the 電eadbeat dev and 電ead coin rationale is bogus and that there's a different motivation at play.

As difficult as it is to resist your persuasively-worded challenge to solve your problem for you, pressing matters elsewhere dictate that I regretfully must decline.

Cheers

Graham


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: runpaint on March 01, 2016, 12:14:20 PM

Thank you for confirming my perception that the 電eadbeat dev and 電ead coin rationale is bogus and that there's a different motivation at play.


Yes, that rationale is bogus because it's not our rationale. 

We don't burn "dead coins", as it has always said in Page 1 of this topic.

So yes, our motivation is different from your vague insinuations.

Apparently you can't find anything wrong with what we're doing, and it's driving you crazy.




Quote
As difficult as it is to resist your persuasively-worded challenge to solve your problem for you, pressing matters elsewhere dictate that I regretfully must decline.


As predicted.

Your posts here have been nothing more than pointless trolling.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on March 01, 2016, 01:51:41 PM
The voting has ended, and we will burn Chaincoin from March 14 to March 28.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on March 03, 2016, 11:41:15 AM
i don't understand those who criticize BARR as idea
for example, if you are the dev of active coin and your coin does not meet the conditions of burning you do not have to worry
if you are the dev of half-dead coin - whats the problem ? do all or do nothing
if you are only holder of "half-dead" coin - you must be happy
am i wrong ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: runpaint on March 03, 2016, 02:16:54 PM
i don't understand those who criticize BARR as idea
for example, if you are the dev of active coin and your coin does not meet the conditions of burning you do not have to worry
if you are the dev of half-dead coin - whats the problem ? do all or do nothing
if you are only holder of "half-dead" coin - you must be happy
am i wrong ?


I agree.   I see no problems caused by BARR.

Some people take it personally, as if burning their coin means we're insulting them.  But I don't see how it hurts them or their own coins in any way.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on March 07, 2016, 10:24:18 AM
The swap rate for March will be .02 BARR per Chaincoin (50 Chaincoins per BARR)


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on March 14, 2016, 03:04:11 AM
Swap for ChainCoin CHC has begun, and will end on March 28.

The burn address for ChainCoin is CGTta3M4t3yXu8uRgkKvaWd2d8DQvDPnpL

https://www.blockexperts.com/chc/address/CGTta3M4t3yXu8uRgkKvaWd2d8DQvDPnpL

To swap your CHC for BARR, send us a message here to this account with your NXT address and the amount of CHC you will burn.
Send your CHC to the burn address and then message us again with the transaction ID.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on March 14, 2016, 09:23:43 PM
Day 1 is off to a good start.  We've burned 104,318.31081817 CHC and redeemed it with 2,086.3663 BARR.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on March 15, 2016, 02:14:53 PM
Our burn address is now #1 on the rich list for Chaincoin addresses

https://www.blockexperts.com/chc


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on March 19, 2016, 01:22:43 AM
We have now burned 1.1 million out of 11 million total coins


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on March 21, 2016, 05:40:42 PM
We've burned 1.5 million Chaincoins.  Hopefully we can make it to 2 million by the 28th.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on March 26, 2016, 03:54:43 AM
1.75 million burned, 15% of the supply, 3 days left


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on March 29, 2016, 12:15:44 AM
March burn has ended for Chaincoin and BARR/OFFS.

We burned 2,029,696 CHC and 25,000 BARR.

Voting for April ends in 3 days.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on March 29, 2016, 07:17:39 AM
and who is the leader ?  ;)


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on March 29, 2016, 01:23:23 PM
and who is the leader ?  ;)



The BARR burn address is the leading address on the Chaincoin richlist.



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on March 29, 2016, 11:13:12 PM
i mean the leader of voting


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on March 30, 2016, 12:32:42 AM
i mean the leader of voting


No votes yet, but we've had a community request for XAP AprilCoin, formerly Analcoin.



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on March 31, 2016, 04:09:30 AM
i mean the leader of voting
No votes yet, but we've had a community request for XAP AprilCoin, formerly Analcoin.
can't find wallet, could you help me ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on March 31, 2016, 01:35:08 PM
i mean the leader of voting
No votes yet, but we've had a community request for XAP AprilCoin, formerly Analcoin.
can't find wallet, could you help me ?



Here's the current topic for that coin:

https://bitcointalk.org/index.php?topic=1279543.0





Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on April 01, 2016, 12:35:06 AM
Voting has ended, and we will burn XAP AprilCoin from April 14 to April 28. 

Voting for May will end April 30.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on April 02, 2016, 01:43:26 AM
what is exchange rate ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on April 02, 2016, 01:54:49 AM
what is exchange rate ?


We usually wait until the week before the burn starts to set the rate according to market prices at that time.



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on April 02, 2016, 11:34:59 AM
what is exchange rate ?
We usually wait until the week before the burn starts to set the rate according to market prices at that time.
it is too late to set the rate when burn already starts
maybe you mean "the week before the announcement of winners" ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on April 02, 2016, 01:13:17 PM
what is exchange rate ?
We usually wait until the week before the burn starts to set the rate according to market prices at that time.
it is too late to set the rate when burn already starts
maybe you mean "the week before the announcement of winners" ?



We usually wait until the week before the burn starts to set the rate according to market prices at that time.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BitcoinNational on April 02, 2016, 03:21:23 PM
Voting has ended, and we will burn XAP AprilCoin from April 14 to April 28. 
Voting for May will end April 30.

XAP is a WAT?
sorry real never ever heard nor seen before
and i've seen most all of it ;)


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on April 02, 2016, 03:47:52 PM
Voting has ended, and we will burn XAP AprilCoin from April 14 to April 28. 
Voting for May will end April 30.

XAP is a WAT?
sorry real never ever heard nor seen before
and i've seen most all of it ;)



https://bitcointalk.org/index.php?topic=1279543.0


It's Analcoin rebranded as Aprilcoin


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: nagatraju on April 06, 2016, 02:28:02 PM
Are you exchange/burn NXT Assets? If yes, please let me know, I have few NXT assets in good quantity to burn them.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on April 06, 2016, 03:18:59 PM
Are you exchange/burn NXT Assets? If yes, please let me know, I have few NXT assets in good quantity to burn them.


We could consider that, but it would probably have to be an asset that's listed on altcoin exchanges.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on April 07, 2016, 01:45:30 PM
The rates for April will be 0.1 BARR per XAP (10 XAP per BARR)

and 2 BARR per OFFS (.5 OFFS per BARR)


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on April 14, 2016, 12:20:08 AM
The burn for XAP Aprilcoin has begun.  Remember, burn redemption ends at 23:59 UTC on April 28. 

To burn XAP, message us here with the amount you're going to burn and your NXT address.  (Not an address on an altcoin exchange)
Then send your XAP to the burn address:
AFmseVrdL9f9oyCzZefL9tG6UbvhPbdYzM

We will check the block explorer to confirm your transaction, and we'll send your BARR to your NXT address.

The rate is .1 BARR per XAP, which is 10 XAP per BARR.


Check the burn address with this link:

https://chainz.cryptoid.info/anal/address.dws?AFmseVrdL9f9oyCzZefL9tG6UbvhPbdYzM.htm


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on April 14, 2016, 01:14:01 AM
here ? not PM as earlier ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on April 14, 2016, 01:16:34 AM
here ? not PM as earlier ?


Yes, message us here with a PM.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on April 14, 2016, 07:33:21 PM
Great start so far, and our burn address is already #1 on the richlist.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on April 15, 2016, 05:53:15 AM
could you remind me how to sent BARR for burn to OFFS ?
what is BARR's Currrency code ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on April 15, 2016, 10:59:30 AM
BARR's asset ID is 7823929696462256005

The burn address for BARR is NXT-HD9P-ZTPP-EHFJ-59VUC

Link to the OFFS ANN:  https://bitcointalk.org/index.php?topic=1233350.20



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on April 21, 2016, 02:02:41 PM
We have now burned over 25% of the XAP supply.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on April 28, 2016, 12:42:43 AM
Less than 24 hours to go for April's burn period.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on April 29, 2016, 03:39:26 AM
April burn has now ended.  Voting for next month ends in 2 days, no votes yet.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: chichidori on April 29, 2016, 03:44:55 AM
This is like having a trading pair in many faces much like a trade of coins but i like the concept waiting for the other coins to be added.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on May 01, 2016, 02:11:20 AM
Voting is over, nobody voted for any new altcoins yet.  So we will only do our standard burn of BARR for OFFS during the month of May.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on May 01, 2016, 02:33:15 AM
Voting is over, nobody voted for any new altcoins yet.  So we will only do our standard burn of BARR for OFFS during the month of May.
is it too late to vote ? maybe not ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on May 01, 2016, 03:24:46 AM
Voting is over, nobody voted for any new altcoins yet.  So we will only do our standard burn of BARR for OFFS during the month of May.
is it too late to vote ? maybe not ?



It's not too late!  Voting is open through May 31 for the coin or coins to be burned in June.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on May 01, 2016, 09:46:33 AM
i mean May burn


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on May 01, 2016, 12:23:36 PM
May burn goes from the 14th to the 28th, and we'll be burning BARR and redeeming it with OFFS Altcoin Offset Credits.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on May 16, 2016, 12:11:07 PM
May voting period is halfway over, send your votes before the end of the month


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: lokojones on May 17, 2016, 08:14:03 AM
http://i.imgur.com/GNZqG6k.jpg


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: stereotype on May 17, 2016, 08:52:47 AM

Think that was some of molecular's Casascius stash going up in flames. ^^^


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on May 17, 2016, 12:07:03 PM
I propose to add RAIN to eligible list and i ask second time: why BUN is still in list ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on May 17, 2016, 12:51:40 PM
I propose to add RAIN to eligible list and i ask second time: why BUN is still in list ?



RAIN says it's only listed at comkort and cryptorush, but both of those exchanges are offline.

We burned 11 Billion BUN, but there are still plenty of billions unburned.  We probably won't get around to burning it again, but it could be an option if we run out of other coins to burn.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Trade_BTC on May 17, 2016, 08:26:52 PM
I remember the first proof of burn but this is even better than original.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on May 17, 2016, 08:45:21 PM
I remember the first proof of burn but this is even better than original.


I think Counterparty was the first proof-of-burn, they burned Bitcoin for their initial distribution.

They had different reasons for doing it, and it was a one-time thing.  But so far we have been successful in making real changes across 10 different blockchains, with real influence and far-reaching effects for the entire crypto market.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: fortunecrypto on May 19, 2016, 02:12:33 AM
I remember the first proof of burn but this is even better than original.


I think Counterparty was the first proof-of-burn, they burned Bitcoin for their initial distribution.

They had different reasons for doing it, and it was a one-time thing.  But so far we have been successful in making real changes across 10 different blockchains, with real influence and far-reaching effects for the entire crypto market.

I missed this concept or algorithm I am more active on pos and pow coins but this algorithm is more better  I would like to participate on the next round of vote and will watch this thread to see what altcoins are candidate..


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on May 19, 2016, 02:16:58 AM
I remember the first proof of burn but this is even better than original.


I think Counterparty was the first proof-of-burn, they burned Bitcoin for their initial distribution.

They had different reasons for doing it, and it was a one-time thing.  But so far we have been successful in making real changes across 10 different blockchains, with real influence and far-reaching effects for the entire crypto market.

I missed this concept or algorithm I am more active on pos and pow coins but this algorithm is more better  I would like to participate on the next round of vote and will watch this thread to see what altcoins are candidate..



The eligible coins are listed on Page 1 of this topic, and voting is open each month until the end of the month. 

Any suggestions for next month's coin?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: fortunecrypto on May 19, 2016, 03:11:19 AM
Quote
The eligible coins are listed on Page 1 of this topic, and voting is open each month until the end of the month. 

Any suggestions for next month's coin?

Yes I highly recommend valorbit because of it's enormous supply some holders have already accumulated hundreds of millions of this coin and many more coming because of the free distribution which is still undergoing..


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on May 20, 2016, 12:26:28 AM
Quote
The eligible coins are listed on Page 1 of this topic, and voting is open each month until the end of the month. 

Any suggestions for next month's coin?

Yes I highly recommend valorbit because of it's enormous supply some holders have already accumulated hundreds of millions of this coin and many more coming because of the free distribution which is still undergoing..




Because it's such a new coin, and the distribution is still ongoing, and because block rewards will continue to increase over the next 3 years, there is no way BARR could significantly reduce the supply.  Even if we burned 100% of all valorbit currently in circulation, they would replace and increase the supply by next year. 


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: robelneo on May 20, 2016, 01:10:46 AM
Quote
The eligible coins are listed on Page 1 of this topic, and voting is open each month until the end of the month. 

Any suggestions for next month's coin?

Yes I highly recommend valorbit because of it's enormous supply some holders have already accumulated hundreds of millions of this coin and many more coming because of the free distribution which is still undergoing..




Because it's such a new coin, and the distribution is still ongoing, and because block rewards will continue to increase over the next 3 years, there is no way BARR could significantly reduce the supply.  Even if we burned 100% of all valorbit currently in circulation, they would replace and increase the supply by next year. 

You have a very good point here it's useless to burn coins that has a very high pos because it can be replace,maybe this other coins has realized your existence that is why they increase their pos rewards,three more of your kind and their will be a threat to these scam coin


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on May 21, 2016, 01:25:34 AM

You have a very good point here it's useless to burn coins that has a very high pos because it can be replace,maybe this other coins has realized your existence that is why they increase their pos rewards,three more of your kind and their will be a threat to these scam coin



Also, coins that are scams and that have high inflation will eventually destroy themselves without our help. 


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on June 01, 2016, 12:31:16 AM
what is about voting for june ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: robelneo on June 01, 2016, 02:13:09 AM

You have a very good point here it's useless to burn coins that has a very high pos because it can be replace,maybe this other coins has realized your existence that is why they increase their pos rewards,three more of your kind and their will be a threat to these scam coin



Also, coins that are scams and that have high inflation will eventually destroy themselves without our help. 

In my opinion they just resurrect over time or a new dev take over to promote those coins I have seen that on many coins,they just change their name but the features and the supply are all still there..


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Caladonian on June 01, 2016, 02:20:16 AM

You have a very good point here it's useless to burn coins that has a very high pos because it can be replace,maybe this other coins has realized your existence that is why they increase their pos rewards,three more of your kind and their will be a threat to these scam coin



Also, coins that are scams and that have high inflation will eventually destroy themselves without our help. 

In my opinion they just resurrect over time or a new dev take over to promote those coins I have seen that on many coins,they just change their name but the features and the supply are all still there..
is this also consider like doing upgrade to a version? i seen some of this coin resurrected using the new name stating that they are going to burn the old one after replacing it, and I'm curios if they really burning it or just used it again and circulate.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on June 01, 2016, 08:31:29 AM
guys, is your project alive ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: rajeshgarnaik on June 01, 2016, 08:51:13 AM
where is dev.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on June 01, 2016, 02:07:46 PM
guys, is your project alive ?



Liver than you are!


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on June 02, 2016, 03:14:11 AM
guys, is your project alive ?
Liver than you are!
what is about voting for june ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on June 02, 2016, 05:19:28 AM
guys, is your project alive ?
Liver than you are!
what is about voting for june ?




As you know from watching the voting address NXT-59NQ-AA5B-V4NT-HAZLY, no votes were cast in May.

Our open decentralized voting process continues as always, with the next voting period ending June 30.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on June 02, 2016, 10:22:42 AM
guys, is your project alive ?
Liver than you are!
what is about voting for june ?
As you know from watching the voting address NXT-59NQ-AA5B-V4NT-HAZLY, no votes were cast in May.
Our open decentralized voting process continues as always, with the next voting period ending June 30.
does it mean if i will send now 5 BARR for TOPcoin, for example, we will burn TOP from 14/06 to 30/06 ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on June 02, 2016, 01:04:45 PM
The voting doesn't end until June 30, so it would be for July


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on June 26, 2016, 02:34:07 AM
bring a fresh approach to this topic
if i vote for bla-bla-coin by sending "x" BARR to HAZLY and no one vote for another coin by sending "x+1" BARR then i will win ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on June 26, 2016, 02:42:01 AM
bring a fresh approach to this topic
if i vote for bla-bla-coin by sending "x" BARR to HAZLY and no one vote for another coin by sending "x+1" BARR then i will win ?




What's the fresh approach?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on June 26, 2016, 02:56:24 AM
bring a fresh approach to this topic
if i vote for bla-bla-coin by sending "x" BARR to HAZLY and no one vote for another coin by sending "x+1" BARR then i will win ?
What's the fresh approach?
nevermind, it's language barrier
answer please
PS: i mean significance of your project and activity in this topic are don't match


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on June 26, 2016, 11:59:27 AM
So far we've burned significant numbers of 10 different altcoins, making real and permanent positive changes across all those blockchains.

We have taken $30,000 worth of altcoins and consolidated them into BARR, and preserved that value which would have been 100% loss in most cases where the coins are now delisted and dead.  BARR can never be delisted or dead as long as the NXT blockchain functions, or unless all BARR holders decide to burn their BARR.

BARR started out with a target price of 3 NXT, and now it's holding right around 10 NXT.

Despite our open voting system, a few people who have never participated said that our process was too centralized.  So we decided to let the voting be 100% community-driven, and we stopped casting votes ourselves.  The result was that 0 votes were cast in April, May, and June, so that no coins were selected to be burned.

As of today we're going to close the June voting a few days early, so that we don't have to monitor it over the long holiday weekend.  No coins will be burned in July, and we'll take the opportunity for a new review of eligible altcoins.  Our list needs to be updated, since many of the coins which were originally eligible are now dead or delisted. 



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on June 26, 2016, 01:59:18 PM
So far we've burned significant numbers of 10 different altcoins, making real and permanent positive changes across all those blockchains.
We have taken $30,000 worth of altcoins and consolidated them into BARR, and preserved that value which would have been 100% loss in most cases where the coins are now delisted and dead.  BARR can never be delisted or dead as long as the NXT blockchain functions, or unless all BARR holders decide to burn their BARR.
BARR started out with a target price of 3 NXT, and now it's holding right around 10 NXT.
Despite our open voting system, a few people who have never participated said that our process was too centralized.  So we decided to let the voting be 100% community-driven, and we stopped casting votes ourselves.  The result was that 0 votes were cast in April, May, and June, so that no coins were selected to be burned.
As of today we're going to close the June voting a few days early, so that we don't have to monitor it over the long holiday weekend.  No coins will be burned in July, and we'll take the opportunity for a new review of eligible altcoins.  Our list needs to be updated, since many of the coins which were originally eligible are now dead or delisted. 
enjoy your holidays and continue your work after it, undoubtedly
do you need an addition promotion by making other-language localization ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on June 26, 2016, 04:03:14 PM
Probably not.  We had a translation to Indonesian last month, and it still hasn't received its 1st reply.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: robelneo on June 26, 2016, 05:15:41 PM
I agree with you that some of the coins that are eligible to be a candidate died a natural death,I think you need a full support or set up a community for this so the number of this scam coin are lessen to a certain degree..


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on August 02, 2016, 01:17:21 PM
so, august begins, any news ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on August 03, 2016, 11:39:12 PM
so, august begins, any news ?



The BARR community is just as active as ever!  As always, we welcome and encourage any suggestions for the next coins to burn. 


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on August 05, 2016, 04:33:13 AM
so, august begins, any news ?
The BARR community is just as active as ever!  As always, we welcome and encourage any suggestions for the next coins to burn. 
is HAZLY still main account to vote ?
i see last transaction was in april


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on August 07, 2016, 06:39:09 PM
so, august begins, any news ?
The BARR community is just as active as ever!  As always, we welcome and encourage any suggestions for the next coins to burn. 
is HAZLY still main account to vote ?
i see last transaction was in april


Yes, but bring your suggestions here first so we can make sure they're eligible before you vote.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: coinomonium on August 21, 2016, 01:59:32 PM
I do not find any Coin with token BARR. There is no entry on coin market cap or somewhere else.

What a perfidious scam is that?

You kill other coins and compensate with a non-existing coin, or what?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on August 21, 2016, 04:49:52 PM
I do not find any Coin with token BARR. There is no entry on coin market cap or somewhere else.

What a perfidious scam is that?

You kill other coins and compensate with a non-existing coin, or what?



Thanks for your completely real and valid comment.  You must have very strong feelings about it, to make it your only post in over a year. 

But then, you obviously don't care enough to read this topic and find out the simple facts.  BARR trading is active and can never be de-listed as long as NXT is still running.

Maybe you thought that everyone who has participated is a complete idiot, and burned their coins without realizing that BARR doesn't even exist? 

Coinmarketcap lists scams like DGCS Digital Credits.  We submitted BARR to Coinmarketcap to be listed, but they ignored us.  Meanwhile, a copycat scammer stole our ideas and launched DGCS, and Coinmarketcap immediately listed that coin.  DGCS burned about $300 worth of altcoins, it lasted about 2 months, and the dev dumped his premined "burn fund" down to 1 satoshi.  That coin is a non-existing coin now, but it's still listed:  http://coinmarketcap.com/currencies/digital-credits

Coinmarketcap lists NXT assets like BARR:
https://coinmarketcap.com/exchanges/nxt-asset-exchange/

But they never listed BARR, even when BARR burned $30,000 worth of altcoins and was consistently in the Top 5 trading volumes on the Asset Exchange.

So to answer your question, newbie with 1 post from Italy, the altcoin scene is full of idiots and crooks.  Being listed on some other sites full of idiots and crooks doesn't make a coin "real".  Being ignored by those sites doesn't take away from BARR's value or the accomplishments we've achieved.



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: coinomonium on August 21, 2016, 06:39:59 PM
You destroy a currency in a period of few weeks. Much people do not realize their coin will be currently destroyed, because they do not have the time to read everyday what is going on with their little investments. Weeks later they can see the shit. They realize after your action their coin is destroyed and they have lost all. That is scam.

What is your intention?

You destroy the little confidence in cryptocurrencies with such operations.

I googled BARR. No relevant hit.
Listings on Poloniex or Bittrex or other relevant exchanges? No findings.
Are there any charts or actual or historical prices and trade volumes available?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on August 21, 2016, 08:22:35 PM
You destroy a currency in a period of few weeks.

We don't destroy a currency.  We release BARR into circulation to people who make their personally-held altcoins unspendable.  




Quote
Much people do not realize their coin will be currently destroyed, because they do not have the time to read everyday what is going on with their little investments. Weeks later they can see the shit. They realize after your action their coin is destroyed and they have lost all.


That is incorrect, and you don't know anything about how cryptocurrencies work.  It would be impossible for us to destroy people's coins.  Please google "Bitcoin" and learn about it.  Since you are a new user here and 2 of your 3 posts have been about BARR, maybe you should start on the basics of crypto before you try to understand what we're doing with it.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: coinomonium on August 21, 2016, 11:59:51 PM
I do not use that account very often, because I am not an English native speaker. That is right.

I saw cryptocurrencies are dead after your last action. Do you walk through altcoin forums and write your staff?

Are there any prices and volumes and relevant exchanges for your s(uperb) coin? I could not find any.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: jc12345 on August 22, 2016, 12:10:33 AM
I found BARR very helpful to liquidate a "dead" coin that I had previously.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on August 27, 2016, 03:01:00 PM
so, august begins, any news ?
The BARR community is just as active as ever!  As always, we welcome and encourage any suggestions for the next coins to burn. 
is HAZLY still main account to vote ?
i see last transaction was in april
Yes, but bring your suggestions here first so we can make sure they're eligible before you vote.
i sent suggestion by PM but you don't answer


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on August 28, 2016, 02:39:42 AM
so, august begins, any news ?
The BARR community is just as active as ever!  As always, we welcome and encourage any suggestions for the next coins to burn. 
is HAZLY still main account to vote ?
i see last transaction was in april
Yes, but bring your suggestions here first so we can make sure they're eligible before you vote.
i sent suggestion by PM but you don't answer



We're looking into it but we probably won't burn a coin we've already burned before.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: samantadegrenet on August 28, 2016, 03:04:08 AM
hi dev can i burn any coin to get barr? thanks


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on August 28, 2016, 05:10:25 PM
hi dev can i burn any coin to get barr? thanks


You can always buy BARR with NXT on the decentralized NXT Asset Exchange.

If there are any altcoins in particular that you think would be good candidates to burn, please mention them here and we can get some discussion going.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: robelneo on August 28, 2016, 05:47:03 PM
We need this kind of service,I  think  they are a big help in the community I am into trading and have seen a lot of coins going from big hype to a dead coin,I won't mention names but burning this dead coin is a big help to the community ..


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on August 30, 2016, 09:39:57 AM
gentlemen, august is over, it's time to vote, but you don't answer my PM again

upd: i voted


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on September 01, 2016, 01:09:10 AM
gentlemen, august is over, it's time to vote, but you don't answer my PM again

upd: i voted


OK we're checking if there's a working burn address


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on September 02, 2016, 11:36:25 PM
Alright, we will be burning CageCoin from September 14th through September 28th. 

The burn address is:   DUUhXNEw1bNAMSKgm1Kt2tSPWdzF8952Np

We'll watch the markets and set an exchange rate by the end of next week.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on September 10, 2016, 01:53:12 PM
We got a question on PM that other people might like answered:

 Q:  "is their a max amount of cage that I can burn?"

A:  There is no maximum amount.  We have allocated enough BARR to burn and redeem up to the entire supply of CAGE, which is over 101 Billion coins.  This is a real coin swap, so if you're a CAGE whale and you swap to BARR, then you'll be a BARR whale.  The value of BARR you'll get will be equivalent to the value of CAGE you burn, and we're planning the exchange rate to be set at 500,000 CAGE per BARR (.00000200 BARR per CAGE).



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on September 14, 2016, 12:53:43 AM
The burn period for Cagecoin has begun, and will end at 23:59 September 28. 

Send a private message to this account telling us how many Cagecoin you're going to burn, and include your NXT address (not an exchange deposit address).

Then send your CAGE to the burn address.  The burn address is:   DUUhXNEw1bNAMSKgm1Kt2tSPWdzF8952Np

When your transaction is confirmed, we will send you BARR at the rate of 1 BARR per 500,000 CAGE you burn, which is .00000200 BARR per CAGE.

Check the balance of the burn address at this link:
http://cagechain.info/address/DUUhXNEw1bNAMSKgm1Kt2tSPWdzF8952Np

Let's see how many CAGE we can burn!


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on September 14, 2016, 01:20:16 AM
Catch the first million


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on September 14, 2016, 03:21:53 AM
Alright, we're off to a good start!  We've burned over 5 Billion CAGE, which is currently worth over $2000 by our estimates.  It's worth over $20,000 according to Coinmarketcap, but that figure might be a little inflated.




http://barr.me/wp-content/uploads/2016/09/CageCoinMarketcap.png


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on September 16, 2016, 10:52:31 AM
We've passed 9 billion coins burned so far.  As a nice surprise, the Cagecoin block explorer automatically recognized the burn address and is subtracting the burned coins from the outstanding supply as we go.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on September 17, 2016, 04:42:19 AM
I'd like to point out Cryptopia's excellent custom Cagecoin wallet, which allows withdrawals of more than 99.9~ million.  The official wallet won't let you send more than that, and neither will Bleutrade's wallet.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on September 21, 2016, 03:14:20 AM
7 days left, go dig up those Cagecoin paper wallets before it's too late!


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on September 26, 2016, 01:34:25 AM
A few hundred million more burned today, looks like we might break 10 Billion.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: chichidori on September 26, 2016, 07:02:46 AM
Good thing i got to visit this thread i got a few saved on my hard drive i thought its going to be a paper weight thanks BARR burn baby burn.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on September 26, 2016, 01:19:47 PM
Good thing i got to visit this thread i got a few saved on my hard drive i thought its going to be a paper weight thanks BARR burn baby burn.



Go ahead and message us with the amount you want to burn, and then send them to the burn address.

The burn period ends in about 2 and a half days.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on September 28, 2016, 12:00:51 AM
24 hours left


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on September 29, 2016, 12:04:19 AM
This month's burn is now done, thanks everyone!


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on September 30, 2016, 03:24:14 AM
what's the strange vote - burn nothing in October ? for 2000 BARR ! why so ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on September 30, 2016, 10:31:25 AM
what's the strange vote - burn nothing in October ? for 2000 BARR ! why so ?


We've voted to burn nothing before, it's a good idea if the market doesn't seem good or while we're waiting for some community interest in a coin that will bring lots of participation.

Someone voted to burn Cagecoin, the vote was only 5 BARR, but we allowed it because we thought maybe there was some interest among Cagecoin holders.  But the guy who voted only burned about 4 dollars worth of Cagecoin.  So there wasn't as much participation as we would've liked.  Until more people start voting, we can set a minimum vote by voting for nothing.  That way it will take a larger investment of BARR for a single person to vote in a coin by himself, and that will block the people who aren't serious about it from choosing a coin they don't even want to burn.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on September 30, 2016, 09:26:11 PM
the guy who voted only burned about 4 dollars, but other guys burned very much, price had rise about x10
your reports looked optimistically during the burn campaign, but we see so pessimistic continuation in october
i see no reason not to burn anything else


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on September 30, 2016, 10:39:03 PM
the guy who voted only burned about 4 dollars, but other guys burned very much


All the other guys together burned a total of about 4.1 billion, and BARR burned the other 5.5 billion.  That's about $2,000 of our personal money, which is all we could afford.  It's good that we added that much more to BARR's marketcap, but it would have been even better to have more community participation and more coins burned by other people than by us.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: fortunecrypto on October 05, 2016, 03:21:00 AM
Hello I would like to ask,how you can burn a coin all by yourself I have some few altcoins that would like to burn myself,this is to decrease the supply in case there were take over in the future..


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Hobbyist on October 05, 2016, 03:49:30 AM
Hello I would like to ask,how you can burn a coin all by yourself I have some few altcoins that would like to burn myself,this is to decrease the supply in case there were take over in the future..


Have a look at http://earlz.net/view/2014/10/22/0340/provably-spendable-altcoin-burn-addresses (http://earlz.net/view/2014/10/22/0340/provably-spendable-altcoin-burn-addresses)


You will need to find the alt-coin's pubkey address version number and then send the coins to the address listed.

Or.... You can always send to me ... I'll take care of them for you  ;)   Trust me :)


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: fortunecrypto on October 05, 2016, 10:59:31 PM
Hello I would like to ask,how you can burn a coin all by yourself I have some few altcoins that would like to burn myself,this is to decrease the supply in case there were take over in the future..


Have a look at http://earlz.net/view/2014/10/22/0340/provably-spendable-altcoin-burn-addresses (http://earlz.net/view/2014/10/22/0340/provably-spendable-altcoin-burn-addresses)


You will need to find the alt-coin's pubkey address version number and then send the coins to the address listed.

Or.... You can always send to me ... I'll take care of them for you  ;)   Trust me :)

I am more interested on how to burn the coin ,can you give  me a guide on where to find the coin's pubkey adress so it will not be visible to the coin's explorer if you send to that address,I thought you will permanently delete the address


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on October 06, 2016, 01:05:35 PM
Hello I would like to ask,how you can burn a coin all by yourself I have some few altcoins that would like to burn myself,this is to decrease the supply in case there were take over in the future..


Have a look at http://earlz.net/view/2014/10/22/0340/provably-spendable-altcoin-burn-addresses (http://earlz.net/view/2014/10/22/0340/provably-spendable-altcoin-burn-addresses)


You will need to find the alt-coin's pubkey address version number and then send the coins to the address listed.

Or.... You can always send to me ... I'll take care of them for you  ;)   Trust me :)

I am more interested on how to burn the coin ,can you give  me a guide on where to find the coin's pubkey adress so it will not be visible to the coin's explorer if you send to that address,I thought you will permanently delete the address


Everything on the blockchain is always visible.  You can send to a burn address, and those coins can never be spent, but the address will still be visible.  If the explorer recognizes burn addresses, it can subtract the burned coins from the total coin supply. 

The easy way to find your burn address is by the first letter of your deposit address.  Bitcoin addresses start with a 1, Dogecoin addresses start with a D, Litecoin addresses start with an L.  So if your coin's deposit addresses start with a T, you go to the above list of burn addresses and see the 3 versions that start with T.  Pick one, send a transaction, and if it's not the right version then it will tell you that it's not a valid address and the transaction won't go through.  One of them will work, and that's your burn address.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: fortunecrypto on October 06, 2016, 01:21:56 PM
I find it quite confusing,when you first download your wallet you only have one wallet address,so you mean you can create a burn address for yourself.I have 10 wallet address on one wallet and all of them start with the same letter,how can I find out which is which and can I create a burn address..


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on October 06, 2016, 01:37:25 PM
All the addresses in your wallet are generated by your private key.

These burn addresses have no known private keys:

http://earlz.net/view/2014/10/22/0340/provably-spendable-altcoin-burn-addresses


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: fortunecrypto on October 06, 2016, 01:49:43 PM
All the addresses in your wallet are generated by your private key.

These burn addresses have no known private keys:

http://earlz.net/view/2014/10/22/0340/provably-spendable-altcoin-burn-addresses

Thanks for all the response but can you create a dedicated address to burn a coin I would like to set up to burn some of my coins.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on October 06, 2016, 02:04:23 PM
If you don't want to use one of the addresses in that list, you'll need a program to design an address for you.  You'll start out with whatever phrase you want, i.e. FortuneCryptoDedicatedBurnAddress, and then the program will check to see if that address validates in Base58 according to your coin's version.  It won't, so it will try FortuneCryptoDedicatedBurnAddresX, then FortuneCryptoDedicatedBurnAddreXX, trying millions of different combinations of numbers and letters, until it eventually finds one that works such as FortuneCryp7hAF3f4Yap2KSDa6nd


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: c1791 on October 06, 2016, 02:28:08 PM
i appreciate you idea and the work you are doing from the past one year


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on October 06, 2016, 02:50:21 PM
i appreciate you idea and the work you are doing from the past one year



Thanks!  Our 1-year birthday is coming soon. 

And 1791L is a great YouTube channel. 

https://www.youtube.com/channel/UCp4oMaqaY0hIoT9jafj1g8g/videos


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on October 07, 2016, 03:40:56 AM
Thanks!  Our 1-year birthday is coming soon. 
how are you going to celebrate it ? maybe a little giveaway ?  ;)


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on October 07, 2016, 04:02:23 PM
Thanks!  Our 1-year birthday is coming soon. 
how are you going to celebrate it ? maybe a little giveaway ?  ;)



That's a great idea!  Send your BARR to the Market Fund, no limit to how much you can give.  What a celebration, thanks!


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: fortunecrypto on October 07, 2016, 04:32:17 PM
If you don't want to use one of the addresses in that list, you'll need a program to design an address for you.  You'll start out with whatever phrase you want, i.e. FortuneCryptoDedicatedBurnAddress, and then the program will check to see if that address validates in Base58 according to your coin's version.  It won't, so it will try FortuneCryptoDedicatedBurnAddresX, then FortuneCryptoDedicatedBurnAddreXX, trying millions of different combinations of numbers and letters, until it eventually finds one that works such as FortuneCryp7hAF3f4Yap2KSDa6nd

So there is a program like that ? can you lead me to that program so I can create a customize one for those coins that I am going to burn.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on October 07, 2016, 11:37:08 PM
If you don't want to use one of the addresses in that list, you'll need a program to design an address for you.  You'll start out with whatever phrase you want, i.e. FortuneCryptoDedicatedBurnAddress, and then the program will check to see if that address validates in Base58 according to your coin's version.  It won't, so it will try FortuneCryptoDedicatedBurnAddresX, then FortuneCryptoDedicatedBurnAddreXX, trying millions of different combinations of numbers and letters, until it eventually finds one that works such as FortuneCryp7hAF3f4Yap2KSDa6nd

So there is a program like that ? can you lead me to that program so I can create a customize one for those coins that I am going to burn.



https://gist.github.com/CoinWhisperer/6d673f1f3d13da1611cd


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on October 08, 2016, 08:34:11 AM
Thanks!  Our 1-year birthday is coming soon. 
how are you going to celebrate it ? maybe a little giveaway ?  ;)
That's a great idea!  Send your BARR to the Market Fund, no limit to how much you can give.  What a celebration, thanks!
oh, guys... i think you are richer than me and i don't have such amount of BARR to make you happy
i'll give a gift to you at the end of october
i think it will be a vote for bla-bla-bla-coin to burn in november
hope you will not discard my gift  ;)


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: marilyngroom on October 08, 2016, 08:37:13 AM
When I read the title it sounded like a bad idea. But it's actually not a bad idea to get a lot of users. Too bad I don't have any altcoins.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on October 08, 2016, 01:33:55 PM
When I read the title it sounded like a bad idea. But it's actually not a bad idea to get a lot of users. Too bad I don't have any altcoins.



You can buy BARR directly on the NXT Asset Exchange.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Hobbyist on October 08, 2016, 10:14:06 PM
If you don't want to use one of the addresses in that list, you'll need a program to design an address for you.  You'll start out with whatever phrase you want, i.e. FortuneCryptoDedicatedBurnAddress, and then the program will check to see if that address validates in Base58 according to your coin's version.  It won't, so it will try FortuneCryptoDedicatedBurnAddresX, then FortuneCryptoDedicatedBurnAddreXX, trying millions of different combinations of numbers and letters, until it eventually finds one that works such as FortuneCryp7hAF3f4Yap2KSDa6nd

So there is a program like that ? can you lead me to that program so I can create a customize one for those coins that I am going to burn.

You really should use the addresses on that list as they are provably unspendable addresses.

IIRC, these addresses Private keys are not valid in the mathematics as it is zero. Therefor any coins sent are non redeemable.

If you use another program please verify that it is provably unspendable and a burn address.

The program above appears to generate a valid base58 vanity public address for a coin but the private key associated to it could be valid (if known or found).


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: marilyngroom on October 08, 2016, 11:27:38 PM
When I read the title it sounded like a bad idea. But it's actually not a bad idea to get a lot of users. Too bad I don't have any altcoins.



You can buy BARR directly on the NXT Asset Exchange.

Not sure how to do that? Any tutorials?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on October 08, 2016, 11:45:40 PM
When I read the title it sounded like a bad idea. But it's actually not a bad idea to get a lot of users. Too bad I don't have any altcoins.



You can buy BARR directly on the NXT Asset Exchange.

Not sure how to do that? Any tutorials?



You can download the wallet from nxt.org, and after the blockchain is synced then you can trade within the wallet.  Or you can use an online wallet at mynxt.info, but I think they charge a small fee for a "plugin" to trade assets.

All trades are actually done on the NXT blockchain, peer-to-peer, fully decentralized, which means BARR can never be delisted and can always be exchanged for NXT.  Since the NXT blockchain also runs BARR, that lets BARR have the users and security of NXT's $12 Million dollar network.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Mavricks on October 12, 2016, 03:31:29 AM
What a waste of time this is, who buys coins before everyone know they are up for burn and then burn them a month later , sounds like some kind of scam. I heard you guys are the only ones who burn the coins and it's like an organised scam.
If you outline the whole procedure maybe we will know how it works but it looks like you just buy the coins knowing which ones are to be burn before you announce them to be burn and you get the upper hand on getting them cheaper for burn.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on October 12, 2016, 12:44:46 PM
I heard you guys are the only ones who burn the coins


How did you hear that when you just registered today?  Please don't be such an obvious liar.

Post with your main account or don't post. 

As always, there is a public vote on the NXT blockchain, so anyone can vote for which coins to burn.  Everyone can see the votes as they come in, and all of this is explained in detail in this topic for anyone who wants to read and find out how the process works.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: aioc on November 02, 2016, 06:46:12 PM
I pm you an address of the burned coins will these decrease the supply of that coins?I did't notice a significant reduction of the supply even though they over 46 millions coin..


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on November 03, 2016, 03:46:04 AM
oh no ! i forgot to vote at the end of october
too late ? or a little change of rules ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on November 03, 2016, 03:42:44 PM
I pm you an address of the burned coins will these decrease the supply of that coins?I did't notice a significant reduction of the supply even though they over 46 millions coin..



That coin has over 10 billion in circulation, so 46 million isn't a high percentage of the overall supply.  But it could still affect the market, depending on how many are being offered.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on November 03, 2016, 03:43:14 PM
oh no ! i forgot to vote at the end of october
too late ? or a little change of rules ?



The votes still roll over from previous months, so you'll have to vote a lot to outvote "burn nothing" for now.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: aioc on November 03, 2016, 04:09:19 PM
I pm you an address of the burned coins will these decrease the supply of that coins?I did't notice a significant reduction of the supply even though they over 46 millions coin..



That coin has over 10 billion in circulation, so 46 million isn't a high percentage of the overall supply.  But it could still affect the market, depending on how many are being offered.

Thanks for the response,I just want to make sure that the dev of that coin is very transparent and serious that they are going to burn coins coming from the wall..


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on November 18, 2016, 05:50:45 PM
Congratulations to everyone for our successful first year.  We've changed 12 blockchains and burned $40,000 worth of altcoins.

Right now we're still waiting to see where the price of NXT will end up after the Ardor split, but BARR should be going up in relation to NXT.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: ACP on December 09, 2016, 01:55:05 PM
Coins currently eligible for future burn exchange:




8BIT   8Bit, current supply   384,141  Cryptsy wallet offline?
ACOIN   Acoin, current supply     1,134,479
ACP   AnarchistsPrime, current supply      2,005,302  Already Burned
ANAL   AnaLCoin (Analyst Coin), current supply   193,330
ARG   Argentum, current supply   4,616,820
ASN   Ascension, currenty supply     18,918,064
AUM   Alexium, current supply   20,261,106
BITS   BitStar, current supply   19,209,785
BITZ   Bitz, current supply   1,968,041  Involved in their own coin burn?
BLC   Blakecoin, current supply   8,277,653
BOB   Dobbscoin, current supply   3,784,240
BRC   Biebercoin, current supply   398,000,000
BTM   Bitmark, current supply           972,520
BTQ   BitQuark, current supply   4,065,118
BUN   BunnyCoin, current supply     98,379,567,190
BVC   Beavercoin, current supply    2,739,368
C2   Coin2.1, current supply   114,081,891
CAGE   CageCoin, current supply   99,213,298,394
CAPT    CAPTcoin, current supply   20,316,619
CAT   Catcoin, current supply   2,579,399
CCN   CannaCoin   , current supply 4,654,701
CDN   Canada eCoin, current supply   86,457,854
CESC    CryptoEscudo, current supply   599,431,700
CETI   Cetuscoin, current supply   51,44,790  blockchain doesn't move
CHC   ChainCoin, current supply   9,500,000
CKC   CheckCoin, current supply   18,643,020
CORG     CorgiCoin, current supply   96,478,598,893
CRAIG   CraigsCoin, current supply     30,075,746  Cryptsy wallet offline?
CRAVE   Crave, current supply      743,103
CRW     CrownCoin, current supply    5,702,170
CRYPT   CryptCoin, current supply   6,025,858
CTO   Crypto, current supply   2,399,729
CYC   ConspiracyCoin, current supply   12,599,427
CYT   Cryptotokenz, current supply   76,456
DARK    Darkcoin (FUDcoin), current supply   13,100,000
ELC   Elacoin, current supply   522,834
EMC2   Einsteinium, current supply    257,784,320  
EMD    Emerald Crypto, current supply   15,953,772
FCN   FantomCoin, current supply   3,096,654
FLAX    Flaxscript, current supply   ?
FRAC    Fractalcoin, current supply    1,003,589  Already Burned
FRK   Franko, current supply   538,510
GLC   Globalcoin, current supply   64,122,209
GLOBE   Global, current supply    90,319,000
GRN   Granitecoin, current supply    24,685,500
GRS   GroestlCoin, current supply    60,513,599
HAL   Halcyon, current supply   2,639,366
HAM   HamRadioCoin, current supply   6,723,768
HVC   HeavyCoin, current supply    88,821,881
KEY   Keycoin, current supply  946,902   Already Burned
KGC   KrugerCoin, current supply     137,295,857
KORE   Korecoin, current supply   1,831,127
LKY   LuckyCoin, current supply   19,307,160
LOG    Woodcoin, current supply   7,832,545
LTCD    LitecoinDark, current supply   78,894,060
METAL   MetalCoin, current supply   77,988,654
MIN   Minerals, current supply   4,657,629
MUE   MonetaryUnit, current supply   73,810,799
NEOS   NeosCoin, current supply   7,492,775
NKT   Nakas (NakamotoDark), current supply   88,623,755
OMC   OmniCoin, current supply   11,015,213
PHS   PhilosopherStones, current supply   3,192,868
PIGGY   New Piggycoin, current supply   476,910,923
PKB   ParkByte, current supply   4,657,629
PRC   Prospercoin, current supply    3,000,000
PTC   PesetaCoin, current supply     154,626,004
PXC   PhoenixCoin, current supply   39,244,500
QSLV    Quicksilver, current supply    3,484,622
RED   RedCoin, current supply   72,153,041
SBC   Stablecoin, current supply   22,789,581
SHELL   Shellcoin, current supply   19,414,096
SKC   Skeincoin, current supply   13,800,000
SMC   SmartCoin, current supply    20,013,365
SOON    Sooncoin, current supply   12,395,580
TES   TeslaCoin, current supply   65,269,617
TGC   Tigercoin, current supply   42,924,141
TOP   Topcoin, current supply   29,110,268
TRICK   TrickyCoin, current supply   7,550,000  Dead?  Yobit wallet offline
ULTC     Umbrella-LTC, current supply   1,529,920
UNB    UnbreakableCoin, current supply    2,270,700
UNIC    Unicoin, current supply   2,399,374
VIOR   Viorcoin, current supply   4,941,654
VIRAL    Viral, current supply   5,350,280
WBB   WildBeastBitcoin, current supply    658,740
XBC   BitcoinPlus, current supply   77,448
XAI   Sapience AIFX, current supply    690,460   Already Burned
XCASH   Xcash, current supply    2,457,531
XCO   X-Coin, current supply   11,259,216
XDP   DogeParty, current supply      2,678,188
XJO   JouleCoin, current supply   23,442,400
XSI   StabilityShares, current supply   9,178,749
      


覧覧覧覧覧覧覧覧覧覧覧覧

Please let us know of any objections or reasons why any of these coins should not be accepted.

覧覧覧覧覧覧覧覧覧覧覧覧


Please note that a coin may lose eligibility if its network stops working, if it is delisted from all exchanges, or if its block explorer goes down.  
Because of the temporary nature of eligibility, we cannot decide on future coins too far in advance.  The price, total supply, and network status of each coin is subject to change at any time, so the coins for each burn period will have to be decided shortly before the burn period begins.  


Just to point out you have stated that you burnt " ACP   AnarchistsPrime, current supply      2,005,302  Already Burned "  

http://acp1.servep2p.com:3001/richlist

1111111111111111111114oLvT2   1135049.42806663   24.71% (was around 40%)

but clearly you only burn 1135049 I was wondering if Barr kept the other 800k ACP or if Barr submitted that data to create more Barr which has falsely been produced on your network
(burn was done this time last year...)
Or is your post just stating the total number of coins that we had in circulation one year ago and that you bought 1 million for almost 7 thousand usd ?



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: robelneo on December 09, 2016, 02:54:13 PM
Congratulations to everyone for our successful first year.  We've changed 12 blockchains and burned $40,000 worth of altcoins.

Right now we're still waiting to see where the price of NXT will end up after the Ardor split, but BARR should be going up in relation to NXT.

Next year there will be more coins to burn,the trend did not change,many devs still creating over 500 million coins with no usage at all but pump and dump coins,this coin is a big help to the community in my opinion and you're right Barr will increase,because there is no other coin with similar algo.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on December 10, 2016, 12:22:17 AM

Just to point out you have stated that you burnt "




It is stated in the first post on this thread, and at barr.me:  ACP 1,135,048 coins burned

Since you publicly stated that you were wildly dumping your own ACP at the time, you are fully aware of how many were burned.
When your total supply was about 2 million and we burned 1 million in a single transaction, you made a big deal about it.
Since you are the creator of ACP and the only dev, you know that we did not have 100% of the coin supply at that time.


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: fortunecrypto on December 10, 2016, 09:33:18 AM

Just to point out you have stated that you burnt "




It is stated in the first post on this thread, and at barr.me:  ACP 1,135,048 coins burned

Since you publicly stated that you were wildly dumping your own ACP at the time, you are fully aware of how many were burned.
When your total supply was about 2 million and we burned 1 million in a single transaction, you made a big deal about it.
Since you are the creator of ACP and the only dev, you know that we did not have 100% of the coin supply at that time.

Great so this dev only has over 1 million supply now he burned half of it,while all the other devs has over 100 million to 10 billion and new coins coming with coins supply from 100 million to billions you opted for just over 1 million I'm sure it will have an impact in the market.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: qiwoman2 on December 10, 2016, 10:28:27 AM
I run quite a valuable coin with only 2 million in supply and am trying to back it up with more assets. What do we need to do if we want some of the supply burned off? Or what do we benefit buy owning this asset? Are there any dividends made by procuring and holding this asset?


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: BARR_Official on December 10, 2016, 01:27:04 PM

Great so this dev only has over 1 million supply now he burned half of it,while all the other devs has over 100 million to 10 billion and new coins coming with coins supply from 100 million to billions you opted for just over 1 million I'm sure it will have an impact in the market.


That dev didn't burn any coins.  He sold them for BTC, and then someone else burned them.  He earned those coins by PoW and/or by buying them on the market.  We don't just give away money to devs who premine billions of free coins.  We only issue BARR as a replacement for real coins that already have real investment in them and are actively being traded.  Not 1 BARR has ever entered circulation without an equal value of altcoins being burned first. 

As for how many coins we burn, we don't turn anyone down when we're burning a particular altcoin.  People decide whether to burn their own coins.  Other than that, we can only burn as much as we can afford to buy.  But we only offer burn redemption for a coin when we have enough BARR allocated to swap for the entire supply of that altcoin.  So for all of the coins we burned, we were ready and able to replace the entire supply.  The final choice belongs to the holders of the coins, and we've burned as much as 48% of a coin's entire supply.

We did burn 9 Billion Cagecoins and 11 Billion Bunnycoins, and we've burned about $40,000 worth of altcoins in all, making permanent changes across 14 blockchains.  We've also kept thousands of dollars worth of NXT in buy orders to support the price of BARR and make sure not a single person has gotten stuck with BARR and unable to sell it. 

If you wanted to help make an impact in the market, you could have bought BARR or burned any of these altcoins.  Making posts at bitcointalk is free, but making entries in a blockchain ledger costs money.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 10, 2016, 01:33:50 PM
I run quite a valuable coin with only 2 million in supply and am trying to back it up with more assets. What do we need to do if we want some of the supply burned off? Or what do we benefit buy owning this asset? Are there any dividends made by procuring and holding this asset?



Holding BARR gives you all the benefits of the altcoins you're already holding, but on a stronger blockchain with more users.  BARR runs on the NXT blockchain, which has more community and development than 99% of other altcoins.  BARR can be used just like any altcoin as a store of value, or to make quick, easy, and cheap online payments across the world.  Plus BARR can never be delisted from the decentralized NXT Asset Exchange as long as NXT is running, which gives it an advantage over other altcoins which face the constant threat of delisting and can't be traded without trusting a centralized exchange. 

How can you back up an altcoin with assets?  Does owning your altcoin give someone a share of ownership in a company or commodity? 


Title: Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
Post by: ACP on December 15, 2016, 12:02:10 PM

Great so this dev only has over 1 million supply now he burned half of it,while all the other devs has over 100 million to 10 billion and new coins coming with coins supply from 100 million to billions you opted for just over 1 million I'm sure it will have an impact in the market.


That dev didn't burn any coins.  He sold them for BTC, and then someone else burned them.  He earned those coins by PoW and/or by buying them on the market.  We don't just give away money to devs who premine billions of free coins.  We only issue BARR as a replacement for real coins that already have real investment in them and are actively being traded.  Not 1 BARR has ever entered circulation without an equal value of altcoins being burned first. 

As for how many coins we burn, we don't turn anyone down when we're burning a particular altcoin.  People decide whether to burn their own coins.  Other than that, we can only burn as much as we can afford to buy.  But we only offer burn redemption for a coin when we have enough BARR allocated to swap for the entire supply of that altcoin.  So for all of the coins we burned, we were ready and able to replace the entire supply.  The final choice belongs to the holders of the coins, and we've burned as much as 48% of a coin's entire supply.

We did burn 9 Billion Cagecoins and 11 Billion Bunnycoins, and we've burned about $40,000 worth of altcoins in all, making permanent changes across 14 blockchains.  We've also kept thousands of dollars worth of NXT in buy orders to support the price of BARR and make sure not a single person has gotten stuck with BARR and unable to sell it. 

If you wanted to help make an impact in the market, you could have bought BARR or burned any of these altcoins.  Making posts at bitcointalk is free, but making entries in a blockchain ledger costs money.
That was a responsible answer to what seemed like me having a dig at barr one year after the burn. ACP has zero premine and I was trading as normal coins mined without realisation of someone about to burn them. I will stop by next December to say hello. Have a good new year.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on December 16, 2016, 01:03:36 AM
Thanks, Merry Christmas!


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Arrakeen on January 06, 2017, 03:03:09 AM
Thanks, Merry Christmas!

Yo dude, what have you been up to?  Anything interesting, crypto-wise?  I miss those....burning days...glad to see you're still around. 


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 06, 2017, 04:12:34 AM
Thanks, Merry Christmas!

Yo dude, what have you been up to?  Anything interesting, crypto-wise?  I miss those....burning days...glad to see you're still around. 



Well, the price of Bitcoin is interesting.  If the price of BTC drops a little more without NXT going up, it might be a good time to get some more NXT.  Since BARR is traded in NXT, BARR is also cheaper now than it will be if NXT goes up. 

If the prices start to stabilize more then it might be a better time to do some more burns.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: fortunecrypto on January 06, 2017, 05:16:26 AM
Thanks, Merry Christmas!

Yo dude, what have you been up to?  Anything interesting, crypto-wise?  I miss those....burning days...glad to see you're still around. 



Well, the price of Bitcoin is interesting.  If the price of BTC drops a little more without NXT going up, it might be a good time to get some more NXT.  Since BARR is traded in NXT, BARR is also cheaper now than it will be if NXT goes up. 

If the prices start to stabilize more then it might be a better time to do some more burns.

This is the glory days of icos many newbies creating a lot of new coins attach to ico with millions and billions of supply and you are a big help to the community I hope we'll get a lot more updates on the coins that you are going to burn.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 07, 2017, 02:58:22 PM
Thanks.  I'm sure there are plenty of coins that could use some help. 


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on January 08, 2017, 02:00:32 AM
Thanks.  I'm sure there are plenty of coins that could use some help.  
What are we waiting for ? Let's burn something right now, without voting !  ;)
it has not been for a long time and that fact is very very strange


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 08, 2017, 04:09:40 PM
Thanks.  I'm sure there are plenty of coins that could use some help.  
What are we waiting for ? Let's burn something right now, without voting !  ;)
it has not been for a long time and that fact is very very strange



If you buy $5,000 worth of BARR right now, then we can burn a coin with a $5,000 marketcap.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: freebtc4e on January 09, 2017, 10:53:33 AM
Thanks.  I'm sure there are plenty of coins that could use some help.  
What are we waiting for ? Let's burn something right now, without voting !  ;)
it has not been for a long time and that fact is very very strange



If you buy $5,000 worth of BARR right now, then we can burn a coin with a $5,000 marketcap.

hi Dev, where can i buy Barr   ::) ::)


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: stereotype on January 09, 2017, 07:00:58 PM
Thanks.  I'm sure there are plenty of coins that could use some help.  
What are we waiting for ? Let's burn something right now, without voting !  ;)
it has not been for a long time and that fact is very very strange



If you buy $5,000 worth of BARR right now, then we can burn a coin with a $5,000 marketcap.

hi Dev, where can i buy Barr   ::) ::)
https://www.mynxt.info

Direct link to asset....

https://www.mynxt.info/asset/7823929696462256005

Or use the NXT AE client on your desktop......

https://nxtforum.org/nrs-releases/nrs-v1-11-2/


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 10, 2017, 02:50:31 PM
Thanks.  I'm sure there are plenty of coins that could use some help.  
What are we waiting for ? Let's burn something right now, without voting !  ;)
it has not been for a long time and that fact is very very strange



If you buy $5,000 worth of BARR right now, then we can burn a coin with a $5,000 marketcap.

hi Dev, where can i buy Barr   ::) ::)
https://www.mynxt.info

Direct link to asset....

https://www.mynxt.info/asset/7823929696462256005

Or use the NXT AE client on your desktop......

https://nxtforum.org/nrs-releases/nrs-v1-11-2/



That's correct, thanks!


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: 41bja on January 21, 2017, 01:37:06 PM
So what altcoins will be chosen for the next burn period?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on January 21, 2017, 02:15:00 PM
So what altcoins will be chosen for the next burn period?
it's very secret information  ;)
vote for your preferred coin by your BARR
maybe you (or we) will be winners


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 21, 2017, 04:33:01 PM
So what altcoins will be chosen for the next burn period?


Don't listen to casper, he's a troll who got BARR just so he could immediately dump it for a loss, fill all the buy orders, and then come here and ask why there were no buy orders.  He literally chose to lose money just to fud us.  We probably should have banned him from this topic and from participating in BARR burn exchanges, but that was a long time ago and there have been plenty of buy orders for the past year.  

The truth is that we select coins by public voting on the blockchain, so that any BARR holder can participate and anyone can see the voting as it happens in a decentralized way.  But very few people have ever participated, so there's not much to keep up with.  

If we had 100 people who held their BARR after burning the altcoins they had been holding, then we would have a lot of volume, a lot of participation, and the ability to burn a lot more coins.  But as it is, almost everyone has chosen to sell instead of holding, so we don't have the ability to do much right now.  

When we burned $40,000 worth of altcoins, and issued an equivalent amount of BARR to the people who burned the coins, that $40,000 worth of BARR mostly got sold on the NXT Asset Exchange except for what belongs to BARR devs and runpaint (me).  And when it got sold, there weren't many people buying other than us.  

So between the BARR market and the altcoin markets during burn periods, I've put all the savings in crypto that I had into BARR.  Every time we burned an altcoin, I had to spend several bitcoins to support the price of BARR while everyone else was dumping and getting rid of their bags of altcoins.  

Now that I don't have any more bitcoins, it's not a good idea to burn another altcoin without anybody helping to support BARR.  We have a few thousands dollars worth of buy orders for BARR on the Asset Exchange, but those could all get filled if we burned a single small-marketcap altcoin.  Then the price of BARR could drop to almost nothing, and then we wouldn't have enough marketcap to offer burn redemption even for a small coin.  

That's why we've voted to burn nothing for the next burn period, and those votes roll over until someone else spends enough BARR to outvote the votes for "nothing".  In order to outvote us, someone would have to buy some BARR.  Buying BARR is what needs to happen before we can burn any more coins.  If they want us to help them and their coin, they first have to help us and our coin.

But also we're waiting to see what happens with the price of NXT, ARDR, and Bitcoin.  Since BARR is traded in NXT, and NXT is currently down, that also limits our buying power.  If NXT goes to the moon, then that alone could possibly allow BARR to burn lots of altcoins without anyone else putting money in.  


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on January 22, 2017, 03:57:42 AM
i'm not troll, you are wrong
yes, i did many burns in nov-dec 2015 then sold BARR immediately and had x2-x3 profit
what's bad about it ? eventually we all here for the sake of "Mr Profit"
now there is no such profit and i'm a little disappointed but i still like conception of BARR and i keep watching the thread


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: 41bja on January 22, 2017, 11:27:48 PM
That's why we've voted to burn nothing for the next burn period, and those votes roll over until someone else spends enough BARR to outvote the votes for "nothing".  In order to outvote us, someone would have to buy some BARR.  Buying BARR is what needs to happen before we can burn any more coins.  If they want us to help them and their coin, they first have to help us and our coin.

Have you considered speaking to the development team at BeginnerCoin? Their premise is to develop an altcoin that gets average people to understand cryptocurrency. From what I understand, they've been going through some rough times right now. They have maybe one or two exchanges trading their coin and I think the one third-party mining pool that supported them dropped out on their coin. Right now, most people are solo mining on their wallets (since it's a SHA-256d coin, that's practically unprofitable). Maybe you can speak with someone on their dev team and maybe you could reach some mutual agreement.

Here's their website:
http://www.beginnercoin.com (http://www.beginnercoin.com)


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: rockmoney on January 22, 2017, 11:48:43 PM
This is definitely an interesting idea (and one that could very potentially work)! I like NXT/Ardor, but both BARR and OFFS are user issued NXT assets, which I do not like. If you ever decide to implement this idea with its own side-chain/ledger, I would definitely be interested. Any chances of something like that happening?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: logictense on January 23, 2017, 12:06:45 AM
This is definitely an interesting idea (and one that could very potentially work)! I like NXT/Ardor, but both BARR and OFFS are user issued NXT assets, which I do not like. If you ever decide to implement this idea with its own side-chain/ledger, I would definitely be interested. Any chances of something like that happening?

Foobar cant be an appealing idea, its snip, nothing, null foo - barrrrrrr As u purchased it u should be aware that u did a favor to someone trying to get rid off that garbage at any cost, by putting ur investment in danger of disappearing. Im not ur buddy and wont give u a free advice, but be man and dont cry next time when u get burned and resort to begging money on the streets, resulting in u being killed by police or other beggars that dont like competition while asking for money.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 23, 2017, 12:09:13 AM
That's why we've voted to burn nothing for the next burn period, and those votes roll over until someone else spends enough BARR to outvote the votes for "nothing".  In order to outvote us, someone would have to buy some BARR.  Buying BARR is what needs to happen before we can burn any more coins.  If they want us to help them and their coin, they first have to help us and our coin.

Have you considered speaking to the development team at BeginnerCoin? Their premise is to develop an altcoin that gets average people to understand cryptocurrency. From what I understand, they've been going through some rough times right now. They have maybe one or two exchanges trading their coin and I think the one third-party mining pool that supported them dropped out on their coin. Right now, most people are solo mining on their wallets (since it's a SHA-256d coin, that's practically unprofitable). Maybe you can speak with someone on their dev team and maybe you could reach some mutual agreement.

Here's their website:
http://www.beginnercoin.com (http://www.beginnercoin.com)



Thanks, looks interesting and we'll check it out.  We always need good recommendations for coins to burn.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on January 23, 2017, 12:22:53 AM
This is definitely an interesting idea (and one that could very potentially work)! I like NXT/Ardor, but both BARR and OFFS are user issued NXT assets, which I do not like. If you ever decide to implement this idea with its own side-chain/ledger, I would definitely be interested. Any chances of something like that happening?



We've always kept open the ability to switch our entire operation to another blockchain, but for now there wouldn't be many advantages.

The NXT blockchain has hundreds of active nodes at all times, and has top-notch active development.  We get all the benefits of that for the low price of 1 NXT per transaction.  Every BARR transaction is transparent on the NXT blockchain, and we get more security and stability than we would otherwise have at this point.

Most importantly, BARR can never be delisted from trading as long as NXT exists.  We burned Keycoin and Fractalcoin and Sapience AIFX, and many of those coins were lost at Cryptsy.  But no BARR was ever lost at Cryptsy, because we've never needed to trust a centralized exchange with our money.  The people who didn't lose their KEY and FRAC and XAI at Cryptsy still can't trade it anywhere, and most likely they can't even send it because those networks and blockchains are pretty much dead with no devs to fix them.

Ideally, our process would be fully decentralized at every step.  You send your altcoins to the burn address, and our blockchain would automatically issue you the corresponding amount of BARR.  But that is currently impossible, since it would require our blockchain to sync with every blockchain that we burn - our wallet would have to function as a wallet for every other coin, downloading the entire blockchain of each coin.  We would also have to hardfork every time we added a new coin, and it could require more storage space than Bitcoin and Ethereum combined.  Plus since our nodes would have to function as nodes for the altcoins we burn, we would actually be strengthening the networks of the coins we're trying to get rid of.  And even if we could do all of that, there would still have to be a centralized authority doing the hardfork every month, and a centralized authority setting the exchange rates on the blockchain.

As it is now, once you get your BARR you have the most decentralized coin possible.  It does everything other altcoins do, and you can also trade it on a decentralized blockchain with no middle-men. 


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BitcoinNational on February 10, 2017, 09:07:50 AM
BARR needs more BURN!



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: 41bja on February 13, 2017, 10:23:02 PM
Does anyone know when the next burn period will be and what coins will be burned? I've been having a hard time trying to find the list of coins to be burned right now. I want to know if I should invest in this asset, but I don't know what I should burn first. I feel like a dedicated blog or social media account would be good for conveying this info, as it appears to change at varying intervals of time.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on February 14, 2017, 01:25:53 AM
Does anyone know when the next burn period will be and what coins will be burned? I've been having a hard time trying to find the list of coins to be burned right now. I want to know if I should invest in this asset, but I don't know what I should burn first. I feel like a dedicated blog or social media account would be good for conveying this info, as it appears to change at varying intervals of time.
1. see the first page with eligible coin list
2. vote for preferred coin by your BARR
3. wait for burn period begins
4. burn


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 14, 2017, 03:01:27 AM
Does anyone know when the next burn period will be and what coins will be burned? I've been having a hard time trying to find the list of coins to be burned right now. I want to know if I should invest in this asset, but I don't know what I should burn first. I feel like a dedicated blog or social media account would be good for conveying this info, as it appears to change at varying intervals of time.


The latest vote was to burn nothing, and the votes roll over until someone outvotes for a particular coin.  There probably won't be any burns next month.  If the price of NXT goes up significantly, it would increase our ability to burn more coins with larger marketcaps.  So right now we're mostly waiting for that to happen.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on February 14, 2017, 10:46:29 AM
Does anyone know when the next burn period will be and what coins will be burned? I've been having a hard time trying to find the list of coins to be burned right now. I want to know if I should invest in this asset, but I don't know what I should burn first. I feel like a dedicated blog or social media account would be good for conveying this info, as it appears to change at varying intervals of time.
The latest vote was to burn nothing, and the votes roll over until someone outvotes for a particular coin.  There probably won't be any burns next month.  If the price of NXT goes up significantly, it would increase our ability to burn more coins with larger marketcaps.  So right now we're mostly waiting for that to happen.
please don't say again that i'm a troll, maybe i don't understand your things at 100% still
but vote to "burn nothing" was a 23000 BARR at 24 january
at that time it was equal of 0.018 BTC
not so big amount but at the same time i have no certainty that someone will not vote by 25000 BARR to burn nothing after i vote by 24000 BARR to burn bla-bla-coin
so i'm losing 0.018 BTC if it will happens


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 14, 2017, 11:50:44 AM
NXT is currently 800 satoshis, and BARR is currently over 10 NXT, which makes it over 8000 satoshis. 

So 23,000 BARR would be about 2 BTC, or about $2,000


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on February 14, 2017, 02:32:51 PM
i was wrong on several decimals, this happens
so it says that i'm right much more


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BitcoinNational on February 14, 2017, 03:39:19 PM
more BURN,
then more BARR,
then the market gets some liquidity.

NXT assets need some trade action, BARR is a great project to fire up again.

 


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 18, 2017, 04:48:16 PM
more BURN,
then more BARR,
then the market gets some liquidity.

NXT assets need some trade action, BARR is a great project to fire up again.

 




We have plenty of buys and sells, everyone is welcome to trade - not that anyone could stop them, since it all happens trustless and decentralized on the NXT blockchain!


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Ryan Dugan on February 19, 2017, 01:01:00 AM
This is nice I never even knew about this coin. Were does it trade though? On your site it says something about it being worth 10k for a Barr. How many bunny coins must I sell to get a Barr ?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 19, 2017, 03:39:21 PM
This is nice I never even knew about this coin. Were does it trade though? On your site it says something about it being worth 10k for a Barr. How many bunny coins must I sell to get a Barr ?



BARR is built on the NXT blockchain, so it trades within the NXT wallet on the decentralized asset exchange.  That's why it can never be delisted. 

Download at https://nxt.org/
Once you get NXT up and running, trading is very simple and easy. 

If you don't have a NXT wallet synced, you can use a web wallet like MyNxt.info

https://www.mynxt.info/asset/7823929696462256005



Unfortunately the burn period for Bunnycoin has ended.  So far we have burned each coin for 1 month and then stopped.

In January 2016 we burned Bunnycoin and Unitus.  We burned 11 Billion Bunnycoins which were worth about 3BTC at the time, about 12.5% of the entire Bunnycoin supply, and we burned 17 Million Unitus, which was 46% of the total coin supply and worth about 7BTC at the time.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Luposian on February 23, 2017, 05:15:05 AM
This whole BARR burning thing, to reduce the number of ridiculously-named alt-coins, seems like a worthwhile project.  Never could understand what the "value" of some funky-named alt-coin was anyways.  Got a trillion of them and what are they actually worth, anyways?  I mean, for example, you can still mine Teacoin (TEA), but it's absolutely worthless in every possible sense of the word.  The coin page is gone.  The Facebook page is dead.  But there are still people who mine/trade it for some insane reason that defies human logic.

How is the BARR thing going anyways?  Is it successful or just a nice idea that isn't getting the traction it aimed for? Can we ever out-burn all the existing lame alt-coins out of existence or are there some that will always keep making more, to offset the lost ones?  In other words, can we win this war, or is it a lost cause?

I still believe the only way to create a coin that has any real value, is to create a coin that is designed to transact a very specific type of item or form of business and was intentionally self-limited (you can't have a 100 million of them).  For example, if you created a coin that was specifically designed to buy/sell lemonade... let's call it lemonadecoin (LAC).  And you had a preset value of 100 LAC for 1 glass of lemonade.  You can ONLY buy lemonade with the coin, so you don't have any reason to have 50,000 of them.  How much lemonade are you planning on buying?

But, because the coin is specifically designed to transact a specific item, even if it goes on an exchange and becomes worth only 1 satoshi (essentially worthless) and gets delisted, it STILL has value, because you can still buy lemonade with it, from other vendors, who are part of the network.  If you create an economy of like-minded individuals seeking the same goal, it can never die, even if outsiders deem it worthless, because as long as any two are willing to transact business in that economy... it lives on.  And who doesn't like good, old fashioned homemade lemonade, eh?  :-D 

I have two "coins" in mind, fashioned for two specific purposes.  But haven't been able to get much traction from people.  It's tough being the Little Red Hen, full of barn animals that don't want to help do anything, except EAT the bread, after all the work leading up to that point, is done.

If anyone has coin-working skills and would like to know more about my ideas, just let me know or Email me.  Perhaps the death of "silly alt-coins" is simply in revealing them for how actually useless they really ARE!  We can always hope! :-D


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: nagatraju on February 23, 2017, 06:10:07 AM
OP, Can you post the list of Coins you presently accept for BARR Burning?


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 27, 2017, 07:12:49 AM

How is the BARR thing going anyways?  Is it successful or just a nice idea that isn't getting the traction it aimed for?


It's been successful as far as maintaining its value and burning a lot of coins, but it hasn't gotten enough traction to see lots of users and lots of volume.  So that has also limited how many coins we can continue to burn.




Quote
Can we ever out-burn all the existing lame alt-coins out of existence or are there some that will always keep making more, to offset the lost ones?  In other words, can we win this war, or is it a lost cause?


I think if crypto and Bitcoin continue to gain new users, there will be new targets for scam coins.  But the more mainstream Bitcoin becomes, the more awareness there will be about scam coins and there won't be as many people interested in every new altcoin.  So if there are no new people putting money into new coins, the new coins will start to dry up.  That still leaves the older coins that lots of people have already sunk their money into, and that's what BARR helps with.



Quote
I still believe the only way to create a coin that has any real value, is to create a coin that is designed to transact a very specific type of item or form of business and was intentionally self-limited (you can't have a 100 million of them).  For example, if you created a coin that was specifically designed to buy/sell lemonade... let's call it lemonadecoin (LAC).  And you had a preset value of 100 LAC for 1 glass of lemonade.  You can ONLY buy lemonade with the coin, so you don't have any reason to have 50,000 of them.  How much lemonade are you planning on buying?


Lots of altcoins have been launched for buying marijuana, or urea, or other commodities or goods and services.  But Bitcoin can already buy all those things, so there has been limited interest.  A more successful type of currency is "company store money" - instead of having money that can only buy one thing, you have one thing that can only be bought with that money.  Microsoft points, Linden dollars, online services that only accept Bitcoin;  people buy these currencies because they need them to get what they want.  So if you have a website selling something that people want, and you only accept your own altcoin, then you will have as many altcoin adopters as you have customers. 



Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on February 27, 2017, 07:30:37 AM
OP, Can you post the list of Coins you presently accept for BARR Burning?



There is a list on Page 1 of this topic, but it is outdated.  It takes a long time to go through each coin and make sure there's a working explorer and no blockchain problems and that it's still listed on current exchanges.  Our original list required several weeks of man-hours to research every coin listed on Coinmarketcap.com, and some that weren't listed there, and determine which ones fit the criteria for BARR burn redemption.

Until we overhaul and update the list, we're just taking any suggestions and looking at any coin that people express interest in burning.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: Ryan Dugan on March 05, 2017, 05:29:25 PM
Someone told !e the Barr burning is over so all my useless coins remain useless. This threads died now and noone seems to want to help me. I see no point of keeping this thread lice please close it. Thank you.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on March 09, 2017, 05:22:29 AM
Someone told !e the Barr burning is over so all my useless coins remain useless. This threads died now and noone seems to want to help me. I see no point of keeping this thread lice please close it. Thank you.




You do see a point in keeping this thread going, because you did.  Thanks!


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: midnight_miner on March 10, 2017, 02:29:19 AM
Someone told !e the Barr burning is over so all my useless coins remain useless. This threads died now and noone seems to want to help me. I see no point of keeping this thread lice please close it. Thank you.

You do see a point in keeping this thread going, because you did.  Thanks!

No! you cannot close it!
I still read it, and wait for the next news release!


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: casper77 on March 10, 2017, 02:44:27 AM
all who want to burn coins need to be more active in voting process
but
unclear why BARR team vote to "burn nothing", and besides, by considerable amount
it's like you founded the company and hung a sign with "CLOSED around the clock"


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on March 10, 2017, 04:56:50 AM
all who want to burn coins need to be more active in voting process


Still waiting on you



Quote
unclear why BARR team vote to "burn nothing", and besides, by considerable amount


It's been explained clearly.



Quote
it's like you founded the company and hung a sign with "CLOSED around the clock"


No, BARR is available to buy and sell, 24 hours a day, around the world.





Thanks.  I'm sure there are plenty of coins that could use some help.  
What are we waiting for ? Let's burn something right now, without voting !  ;)
it has not been for a long time and that fact is very very strange



If you buy $5,000 worth of BARR right now, then we can burn a coin with a $5,000 marketcap.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: 41bja on March 10, 2017, 09:47:37 PM
all who want to burn coins need to be more active in voting process


Still waiting on you



Quote
unclear why BARR team vote to "burn nothing", and besides, by considerable amount


It's been explained clearly.



Quote
it's like you founded the company and hung a sign with "CLOSED around the clock"


No, BARR is available to buy and sell, 24 hours a day, around the world.





Thanks.  I'm sure there are plenty of coins that could use some help.  
What are we waiting for ? Let's burn something right now, without voting !  ;)
it has not been for a long time and that fact is very very strange



If you buy $5,000 worth of BARR right now, then we can burn a coin with a $5,000 marketcap.

What if we burn the low (under $1000) market cap coins on coincap.io and then gradually proceed upward from there? It'd be a cheap way to get the ball rolling and single individuals could be more capable of burning an entire coin supply.


Title: Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
Post by: BARR_Official on March 22, 2017, 06:39:31 PM

What if we burn the low (under $1000) market cap coins on coincap.io and then gradually proceed upward from there? It'd be a cheap way to get the ball rolling and single individuals could be more capable of burning an entire coin supply.


Well, that could end up being a project where we're just giving $1000 to one person. 

What we'd rather do is find a coin that has a lot of holders, and turn those holders into BARR holders while exchanging their dying coin for our coin which would have more participation and liquidity.