I messaged Sunny about this a while back  Would be interested to hear any more thoughts of his on this. I know he is busy strengthening the proof of stake side of the network (I believe). |
|
|
|
|
The interesting twist for me is the fact that the coins are extremely rare and the coins are thought of as 'bars', being a lot more valuable than coins.
The code itself is mostly based on NVC, with some changes to make the coins more scarce.
Novacoin has always been undervalued in my book though because it picked up a bad reputation bribing btc-e.com
|
|
|
|
Works well for me. But I still transfer all my funds out as soon my trades are closed.  |
|
|
|
|
Hmm this looks like FUD to me.. Collapse, Bitbar was announced at 17.30 and according to the blockchain only 5 minutes worth of mining occured prior to the announcement?
From the block explorer I see:
2013-05-02 13:56:10 to 2013-05-02 14:00:06 - Five minutes of mining
After that nothing until 17:32:
2013-05-02 17:32:10 - First block found after 17:30 announcement on the forum
Am I misunderstanding it? Please correct me if I am wrong but that looks like only 5 minutes of mining before it was publicly announced.
|
|
|
|
substrata is right about 59.644201 premine.
I'm not a developer, but I was one of the testers. I mined 60 blocks in testing few hours before launch, deleted the wrong, alpha-testing chain and joined network after the launch with higher blocks and in fact taken over first 60 blocks.
I have only 130kh miner so I was shocked for my "luck".
If I would just stay connected before launch, dev's would see my blocks and we would delete blockchains again.
Its all my fault. I'm a crappy tester, sorry.
Unfortunately I sold them.
I'm in the proces of buing them back [at much higher price], I will destroy them, or give it as a bounty for an exchange. Its for you to decide. Luckily for me I got some donated for this cause, so I would not be totaly broken.
BTB goes to history books not only as a first ALT to brake 1BTC price level, but also the lousiest premine ever made, premine that made me broke, not rich... I'm an idiot.
Give them as a bounty for the first automated exchange imo (after a month of it being out in the wild so we know it's secure) I looked at the Block Chain and it was only 5 minutes of mining before the launch... I don't think that is a big deal and chalked it up as testing. But some people are really anal about these details which is why I think a bounty donation would be great for the community |
|
|
|
I need to address something else. I'm asked a lot about the adoption of some kind of useful work for a coin. Netcoin will not directly incorporate this. However, I'm looking to incorporate coloured "coins" in subsequent editions of the whitepaper, which can be arbitrarily generated by an address. So, say you have an address owned by Folding@Home. This address can then generate x many coloured 'Folding@Home' coins (which contain an originator field with the address from which they spawned). These coins can then be traded for NTC using the blockchain as an intermediary and two conditional transactions dependent on the presence of the other transaction. This facilitates non-NTC coins from whatever source and also decentralized exchanges (as the blockchain can be used as an escrow).
Nice idea. You are putting a lot of thought into this project. If this coin has just half the things you write about it's going to be a winner. Are you going to have any kind of checkpointing with Netcoin? |
|
|
|
Guys. Why so expensive this alt.coin?
Only 100 of these Bitbars get produced a day across the entire network. They were designed to be very rare.Well, not really: 1. 60 blocks after the genesis block were premined 2. Difficulty for the first 735 blocks was so low that it can't even be shown on the explorer 3. For the premine period, 59.644201 BTB were generated in little less than 4 minutes4. For the difficulty under 0.001 period excluding the premine period, 600.324139 BTB were created in little more than 20 minuteshttp://btb.cryptocoinexplorer.com/chain/BitBar?hi=736&count=737A whole 5 minutes of pre-mining to test the coin works. What a conspiracy  Compare that to 3 million Feathercoin created on day 1, which had the same low difficulty as BitBar. |
|
|
|
If it's not listed here don't post it, successful trades are only from this exchange. Just showing that trades are happening for these bars in the community because very few trades are listed on the sheet yet. People seem to prefer putting them for sale in their own topics at the moment |
|
|
|
STOP SPAMMING! BitBar is a great concept and it's here to stay. But you shouldn't spam the whole forum with your page..
I agree. When you get an actual exchange up and running please let us know! |
|
|
|
Well, now it is easier to fully understand the extent of the scam: 1. 60 blocks excluding the genesis block were premined 2. Difficulty for the first 735 blocks was so low that it can't even be shown on the explorer 3. For the premine part, 59.644201 BTB were generated in less than 4 minutes 4. For the difficulty under 0.001 part, 600.324139 BTB were created in little more than 20 minutes http://btb.cryptocoinexplorer.com/chain/BitBar?hi=736&count=737I though you dreamwatcher actualy care for the existing cryptocoins but now I see you are no better than most people around here. No respect for you anymore, bye! Please stop trolling this thread. 3 million feathercoins were created on the first day, a good chunk of that in the first hour or so. And the difficulty of Feathercoin was just as low. Thank you Dreamwatcher. |
|
|
|
|
Please message me privately with any offers.
BTC or LTC accepted.
Cheers.
|
|
|
|
Awesome! On it now, looks great  |
|
|
|
go to the Buy & sell forum section and happy trading . The user interactive exchange will be all done shortly just like BTC-e Am I right in thinking that the BitBar exchange announcement posted on Reddit is a different exchange to the one you are offering? "I am proud to announce that a new exchange is underway that will be supporting BitBars as well as BBQ, FTC, PPC and NVC. Please spread this to the appropriate forums. The primary aim of the site is to offer a clean, simple interface that is easy for someone to use who isn't even familiar with trading on exchanges. The site is 80% complete and after stringent security testing, will be live in 2-3 weeks at most. For security reasons the url is not being posted yet but please look forward to another update next week. The trading engine is in place and has been designed from the ground up to allow high concurrency and many simultaneous connections. In terms of security we will be serving the site over SSL, hashing all passwords in the database with a unique salt per user and will have protection against the usual exploits such as SQL injections, CRSF, XSS etc. Some of our features: English speaking support staff Scalable system architecture A site which will work on your phone and tablet device as well as your desktop computer We are looking for a new alternative currency we believe in, to give our exchange a niche and that is why we will be launching with support of BitBars, the rarest and most precious of the cryptocurrencies. We are also excited to be one of the first exchanges to allow trading of BBQ coins. We will be looking forward to hearing your requests and feedback. In particular: Is a chatbox desired? Would a forum be beneficial? 2 factor authentication? Should this be compulsory or left up to the user Many thanks, BitBar Exchange" |
|
|
|
Nice. According to a post from that subreddit 23 hours ago an exchange is in the works: ( http://www.reddit.com/r/bitbar/comments/1dmino/bitbar_exchange_is_in_the_works/) "I am proud to announce that a new exchange is underway that will be supporting BitBars as well as BBQ, FTC, PPC and NVC. Please spread this to the appropriate forums. The primary aim of the site is to offer a clean, simple interface that is easy for someone to use who isn't even familiar with trading on exchanges. The site is 80% complete and after stringent security testing, will be live in 2-3 weeks at most. For security reasons the url is not being posted yet but please look forward to another update next week. The trading engine is in place and has been designed from the ground up to allow high concurrency and many simultaneous connections. In terms of security we will be serving the site over SSL, hashing all passwords in the database with a unique salt per user and will have protection against the usual exploits such as SQL injections, CRSF, XSS etc. Some of our features: English speaking support staff Scalable system architecture A site which will work on your phone and tablet device as well as your desktop computer We are looking for a new alternative currency we believe in, to give our exchange a niche and that is why we will be launching with support of BitBars, the rarest and most precious of the cryptocurrencies. We are also excited to be one of the first exchanges to allow trading of BBQ coins. We will be looking forward to hearing your requests and feedback. In particular: Is a chatbox desired? Would a forum be beneficial? 2 factor authentication? Should this be compulsory or left up to the user Many thanks, BitBar Exchange" I believe that was announced in this thread yesterday I actually think they are separate exchanges. The other announcement was just for Bitbars... Perhaps the person who made the announcement yesterday can clarify. Either way, sounds very professional. |
|
|
|
Nice. According to a post from that subreddit 23 hours ago an exchange is in the works: ( http://www.reddit.com/r/bitbar/comments/1dmino/bitbar_exchange_is_in_the_works/) "I am proud to announce that a new exchange is underway that will be supporting BitBars as well as BBQ, FTC, PPC and NVC. Please spread this to the appropriate forums. The primary aim of the site is to offer a clean, simple interface that is easy for someone to use who isn't even familiar with trading on exchanges. The site is 80% complete and after stringent security testing, will be live in 2-3 weeks at most. For security reasons the url is not being posted yet but please look forward to another update next week. The trading engine is in place and has been designed from the ground up to allow high concurrency and many simultaneous connections. In terms of security we will be serving the site over SSL, hashing all passwords in the database with a unique salt per user and will have protection against the usual exploits such as SQL injections, CRSF, XSS etc. Some of our features: English speaking support staff Scalable system architecture A site which will work on your phone and tablet device as well as your desktop computer We are looking for a new alternative currency we believe in, to give our exchange a niche and that is why we will be launching with support of BitBars, the rarest and most precious of the cryptocurrencies. We are also excited to be one of the first exchanges to allow trading of BBQ coins. We will be looking forward to hearing your requests and feedback. In particular: Is a chatbox desired? Would a forum be beneficial? 2 factor authentication? Should this be compulsory or left up to the user Many thanks, BitBar Exchange" |
|
|
|
|
Nice price but you may regret it when these are 10BTC per bar by the time they hit an exchange.
|
|
|
|
Feathercoin is a complete Litecoin clone and started with extremely low difficulty and 3 million were mined on the first day. Didn't stop it being successful.
You already forgot that you were the one who started massive promotion for FTC with buying 100k of them for LTC? Massive promotion? There was like 100 topics about Feathercoin being created a day by different people when Feathercoin launched, everyone knows that. I didn't buy any until the third day and my topic I created certainly wasn't the first to buy 100k of them, others had created similar topics before me. I've pretty much destroyed every one of your arguments so far but keep going. |
|
|
|
|
Feathercoin is a complete Litecoin clone and started with extremely low difficulty and 3 million were mined on the first day. Didn't stop it being successful. You use terms like pump and dump when Feathercoin came out, it's worth 50 cents now, why isn't it being dumped?
Don't know about Chinacoin but that seems similar too.
|
|
|
|
That said, less than 100 BitBars have been created since yesterday. The built in scarcity means people can't really complain 3 million have been created in a day...
Yes, but this time they will complain about just one guy getting 93 BTB - almost 1 day worth of coins now - in like 30 minutes since BTB is announced to public. It is funny how people that profited big time from unfair game always forget to mention it was a unfair game from the start. It is even more funny that those same people are continuously attempting to hide the dirty secret even though it is and will always be available to everyone because of the public database, e.g. blockchain. Dude 3 million feathercoins were created on day 1. The difficulty for Feathercoin was equally low to start with. Easier coins at the beginning is what drives people to support the coin and creates the buzz. |
|
|
|
|
Show Posts
