Value is purely subjective.   If I want to trade Monopoly money for Acquire money, I may still have a value for them in terms of each other, and if one day a new nation arises that uses Acquire money as legal tender, I may turn out to have been making a great decision dumping all of my Monopoly money.

There's all these new types of shiny nuggets out there.  Some may or may not prove to be of value, but they are all shiny in ways similar to the shininess of shiny objects that have proved to have value in the past (e.g. Bitcoin).  So some of us are very interested in acquiring and trading these shiny nuggets.  And if our trade data is made public, that may assist others in ascertaining the value of the nuggets.

Thanks!

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Rainbow Balance Currency Exchange report
volume 1, issue 1

RBCex has finished its first complete week of operation. Here's an overview of how things look:

LTC/BTE
Volume: 5 LTC
Last: 0.5 LTC/BTE

LTC/TRC
Volume: 5 LTC
Last: 0.5 LTC/TRC

Total coin up for sale on the order book:
TRC: 10.0
BTE: 10.0
BQC: 2000
BTC: 0.13
I'm not sure aggregating this way gives a good picture, since it doesn't show what coin each coin is chasing, but it gives some idea, at least.  I completed an audit of my records for deposits sent to me and found one unrecorded deposit, which I corrected, to verify that every order on the books is funded.

I try to stay in the RBCex order book as much as possible to see people come in.  I've had a couple of good chats with some of you.   Each weekday seems to see about 50-100 people look into the order book.

Privately I've been doing a lot of looking into automating this exchange.  It is my plan to eventually move from a manual process and Google Docs to a fully automated exchange.  For now I am concentrating on the API.  I'm afraid I have nothing to release at this time, but I wanted to state that this is my plan.

Right now I think a lot of the interest I have received is centered around BBQcoin.  It's clear that a lot of people would like to have an exchange to trade on, even though at this point a manually-operated spreadsheet is not considered a "real" exchange by most.  I'm betting that there would probably be a lot of interest for some of the other newer coins out there (Mincoin, Feathercoin), and I'd like to support those as well, but so far most of my spare time has been going into prototyping an API.

In the meantime, I'd like to continue to extend my invitation to the altcoin community to come trade at RBCex.  There are no fees, your orders are anonymous (I won't publish your identity), you'll get a unique, unused deposit address each time you send funds, and every order on the order book is fully funded with money that has been sent to me and will go to you if you place a matching order.  I am learning a lot from operating RBCex, and having a blast doing it!

I hate to tell you this, but no, it doesn't.

Ooh, I don't like the notepad step.  Are there any alternatives?

Last week?  That was two months ago.

He's paid out one dividend, and the share price has withstood one major outage.

The idea that altcoins "harm the health of the cryptocurrency community" is not substantiated.

Why on earth did you waste those hours?

Is this how you earn govt currency as well, or do you suppose there's a better way?

Please tell me you don't think bitcoin is useless because you can't make a decent Bitcoin income looking at advertising sites.

Thanks; I will try that.

Is it just me, or is the BBQcoin client significantly slower to start up than most other cryptocoin clients?

I'm not using an external program.

How about an altcoin board on another site, with separate sections for each coin/currency?  And a very liberal policy as far as what coins get their own board.

Failing that, I'd love to at least see one altcoin subforum here for trading.  Could SaltySpitoon give us that?  Separating out all of the altcoin economic activity from all the other altcoin threads would probably make a big difference.

I like it!

Alternatively, how about three animated pseudo-kanji characters, moving from top to bottom on a black background?  I think that would be appropriate.

Bytecoin addresses start with 8.

I went to the mining tab on the BBQcoin client and started mining, but it says it's mining at 0 hashes/sec.  What am I doing wrong?

Thank you for posting this.  This is a pretty serious issue and can really trip newbies up (and the rest of us, as well!).  Over on Terracointalk, there is somebody who accidentally sent 100+ BTC to a BTC-e address, only to discover he was accidentally using a TRC address.  Now he can't seem to get his money recovered from BTC-e (yet).

Sealand?

XSatoshi

I have about five CPUs and still have yet to mine anything besides testnet coins.

My first thought is that if you know the coin is a bad idea, you shouldn't use it.

My second thought is that new altcoins are the perfect answer to the problem of latecomers.

Some standards are great.  I love ISO 8601.

But I don't want to give up BTC.  I want it to be noticed, when it is noticed, as something entirely new, wild, and uncontrollable; something that cannot be pigeonholed.