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Damn I can't wait for the USB miner, it'll be glorious, already ordered a few 7 port USB hubs.
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The only value in cryptocoins lies in
1) Stability in price (good for merchants and users alike)
2) Security of the network
(besides obviously ease of use, anonymity, etc.).
The price doesnt really matter if you are interested in building a working economy out of it, that is just a side effect of its usage adoption.
Now with BitBar the issue is
1) as tiny alt coin there is no stability at all,
2) as tiny alt coin the network isnt very secure either
besides other problems like denominations are too big (pple are already want to switch to mBTC or uBTC), bitbar deliberately fools you into thinking just because its rare it must be valuable - Instead it is just the opposite with cryptocoins,
if they are not rare and are traded all over the place they have value.
my 2 satoshis.
I can see what you are saying, but what about all the people who tend to hoard coins as a store of value? Edit: redundant I think hoarding is not storing value but speculating that the currency appreciates in value through increased adoption, ie higher volume of market transactions. IMO nobody just wants to "store" fiat in volatile commodities/currencies, if it isn't speculation in part at least. Also if banks want to transact money via cryptocurrencies, it makes no sense to use BitBar if they already use Bitcoin (type a number and hit send in both cases). Also 100k dollar bills make sense if you would otherwise end up with piles of paper money, but sending 10kBTC or 100k BTC makes no difference really. oh but it would make sense, you are aware that Bitcoin chain grows by 6GB+ every year, at current transaction rate? You think banks/big players like to deal with all that bloated blockchain shit with tons of dust/spam and possibly tainted coins? Compared to Bitcoin, BTB blockchain is tiny and will always be tiny because it's PPC based, with dust/spam protection. Also the large denomination discourage using it as transactional currency, so it is the perfect reserve crypto for banks/big players. |
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The only value in cryptocoins lies in
1) Stability in price (good for merchants and users alike)
2) Security of the network
(besides obviously ease of use, anonymity, etc.).
The price doesnt really matter if you are interested in building a working economy out of it, that is just a side effect of its usage adoption.
Now with BitBar the issue is
1) as tiny alt coin there is no stability at all,
2) as tiny alt coin the network isnt very secure either
besides other problems like denominations are too big (pple are already want to switch to mBTC or uBTC), bitbar deliberately fools you into thinking just because its rare it must be valuable - Instead it is just the opposite with cryptocoins,
if they are not rare and are traded all over the place they have value.
my 2 satoshis.
LTC's network hash rate was on average 0.5Gh/s three months ago, lower than the current BTB network hash rate, and it has been there for a year. Yet no one has successfully attacked LTC, so I dare you try and attack BTB network if you think it isn't very secure, PPC based coins have extra protection against 51% attack thru the use of check points and PoS block generation. It's nearly impossible to 51% attack a PPC based coin. Price stability has been surprisingly good, hovering around 0.5btc-1btc ever since inception, even on the exchange it's still trading in that range. I'd say the price stability is solid against FTC or CNC. Denomination is only too big if you use it as a transactional currency, which it is not, it is designed as a reserve currency, for example US banks transact inter-bank physical bill business using $100,000 bills, not circulated in public's hands. |
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Can someone who is knowledgable provide some predictions for the future supply of bitbars? I would like to know at what rate they are being mined, and what is the predicted supply in say: 1 week 4 weeks 3 months 6 months Currently we have ( http://bitbar.info/stats/index.php): BitBar Network Stats: (Last updated: 2013-05-08 00:56:53 UTC/GMT) Difficulty: 20.0722 Total block: 6482 Total money supply: 2747.91921 Last block reward: 0.156952 Network hash rate (Gh/s): 0.599 There's 144 blocks per day on average, same as Bitcoin, just multiply that by the current block reward, you'll get a good estimate of money supply produced per day/month/year. |
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baX8UujnWPHsw9nX1NWGACw7M6wjM9PNTf
This address is invalid BTB address, I even tried to capitalize the b  |
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Well...almost awesome...just need confirmation on my end...so far I haven't gotten it...getting a little nervous, though seller does appear to have good business on this site...hoping this is just a software glitch like happened with btc.
Seriously? a forum account registered 5 days ago with 24 posts, and many confirmed scams, appears to "have good business on this site"? |
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I sent Joshster a $100 Amazon gift card. He never sent me BTC.
I sent ilovebitbit 10LTC and he never sent me BTC.
Simply ask for escrow, if they disagree, back away from the trade. (unless they are highly reputable with a long reputation feedback thread). |
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15JBk72QPbXuXdTpQSGFva3yRvzrX6FWX7
thank u
waiting
This thread is for BTB, not BTC, please post a BTB address. |
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WeMineLTC.com ofc!!  0% fees, DDoS, full payout report, User Chat/help, VARDIFF, full stratum, SSL... What else you need? I switched to wemineltc a few weeks ago and haven't looked back. The fees are lower than other pools, the pool has more uptime, and I get way less stales. With coinotron, I was ~10% stale and the pool was constantly down. Agree, wemineltc is about the most high quality ltc pool there is, extremely low reject rate, 0% fee(though you should donate 1.5% minimum to support a good pool). Highly transparent stats, and even 2FA. Now only if it offered PPS with a 3% fee, then it would probably win over the PPS crowd instantly. I know there are a bunch of people that refused to mine anything else except PPS. |
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BE3UX7wyrXQD4TQEZB4qkxaKjcTk1rKTs2 Thanks! edit:  just saw 30 post min rule and I'm 26 eh Don't worry about it I sent to you anyway. It was just a way to weed out puppet accounts, I saw a string of 5-6 accounts a few pages back, with chinese names and exact same post count of 14, registered around the same time, they were obviously puppet accounts I think. As long as you take the time to say something interesting, it's good enough for me to ignore my rule. |
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So...I paid 150 LTC and received nothing.
LKJNemV1Uc9jJeZhL2S4DTwTgF98wnsLns
is the address...so please if you are requested to send to this...know that the owner is a scammer and deserves to rot in a maggoty disease ridden corpse because of how much shit he extrudes from his pores.
Son of a bitch I wish I could track this fucker down and feed him to a roach farm.
Be careful folks...it's really easy to get conned..use escrow and distrust those that push for faster payments (Crypto's are fast as hell as is)...this fuck probably takes others for even more than he got me for...tried to get me to send an additional 100...I didn't fall for it...but others might have.
Live and learn...oh and sign up for freebies...if it weren't for learning that my free ripple became worth a lot of money yesterday...I'd feel much worse...but I'm still up, and still breathing...wishing Clue4 would trip onto a rusty knife through his neck.
Unless you are trading with a member with tons of reputation feedback, I would recommend always escrow. |
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Good news guys, this google doc thing may soon be history. I just talked with admin at bter.com, they are currently at source code review step in terms of bitbar support, we should see it on the exchange very soon once this is done.
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Are there any exchanges that trade it?
Most likely bter.com will support it, since it added the joke coin BQC, that only has 1/4 of BTB network's hash rate. |
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Done a 15 BTC trade with BlitzMD, no problem at all.
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If 1 share is actually worth about 50 MH/s - why is it they cost about 1.20 and everybody shouting they're totally undervalued  ? 1 Avalon Miner for about 100 Btc = ca. 83 Shares = 85 GH vs. 4.15 GH.... anybody here can follow this calculation ? or is thery something i missed? within 2 months from now, your 80GH avalon is still 80GH, AM shares will be representing 10X more hash rates at that time if everything goes as planned. That is only a start of many more TH additions to come. |
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There has been selling of BTC on taobao from the beginning. I think as long as the seller is extremely reputable, he can offer accepting BTC(but must be with a discount, which is difficult since taobao's payment service is nearly free), and there will be customers
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1. Largest trading volume ever in one day, was 7.5BTC - this is laughable
Not sure where you getting your info from, but this is completely false. Average trading volume is 1000+ BTC per day combined at btc-e, vircurex, not to mention private trades. |
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you guys are taking a coin that meant as a joke way too seriously.
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