Probably the altcoin equivalent of saying you own a scooter while with your motorcycle club at this point.

I don't care though, I got a nice big shiny pink one with white racing stripes.  :p  It will be neat if this turns into something...if not...I lost a few days of mining...big whoop.

From the response that I received from bter.com and that others have received, it looks like that will be happening sooner rather than later.

Yes, totally makes sense. That was one of the reasons CTC and FTC did so well. They 1) got coins in the hands of more people (who had an interest and a reason in pumping them up) and 2) had a much larger float. Seeing 1242 CNC in your wallet is much more psychologically satisfying than seeing 2.22 bars, although at current market values they're the same amount of bitcoin.

That's not to say that the coin may just take a longer while to mature. FTC produced a LOT of coins its first few days... many more people had a reason to support it right out of the gate. Bitbar, not so much. However, the network hash rate has been growing steadily and it is making progress on getting on an exchange. It could be one of those "slow and steady" kinds of coins.

I've seen the price of it drop a bit these last few days, but there have been more on the forums that have come out in support of it lately, with the folks against it more in the background. An interesting trend.

Consider that there are only 2700-something in existence, however, and the block reward makes more sense.

Network hash rate over 600MH! (or soon to be, now that I'm adding 10MH in...was over in litecoin land)

http://www.bitbar.info/stats/index.php

I pinged bter.com about bitbar, here's the response I got:


Hi,

Very interesting to us. We are going to learn more about it and watch people's talk in the community.
We are going to support it if plenty number of people would like to accept it.

Best,
Bter

Real world application of a currency depends largely on its use and acceptance in the real world as a medium of exchange. Most all the altcoins (except for Litecoin) so far have been more about higher profit portals to BTC for the initial lucky few, as they are not accepted anywhere for goods and services. I don't see how creating 1 new altcoin a day would solve that.

The problem with all of this is that many of these altcoins have such low trading volume on the exchanges that it doesn't matter. If you were to mine a lot of them, good luck getting rid of more than 1 or 2 BTC worth of them without clearing out the buy book all the way down.

INSANE PROFIT for everyone involved. We can give a different forum member rights to premine the hell out of it for each coin. Coinchoose.com will be 5 pages long.

Hash rate ~160MH (after I join back up). I think this is the highest it's been on this pool!

Network hash rate looks to be ~540MH currently (http://www.bitbar.info/stats/index.php)

He's just keeping us thinking something is happening... recursive search/replace takes a few minutes.

Yay!! Although I may not have at least one of them anymore given how much damn time I've spent on these forums chasing these freaking altcoins in the past week.

I have 2. What do I get?

Give the guy .05 for that!

ROFL!! Well...at least it may not be premined this time around.

Except if you mined this, you'd have...Novacoin.

Too damn funny! If this is a trolling attempt, it was a great one, and someone needs to release a YACoin anyhow (except name it something better).

Thats the old code...updated code not released yet.

Yes, a large difference between the two numbers. I would be curious to find out what it is. There is the pool you mentioned with 100MH... and I am solomining around 20MH right now, so I would assume the real number would be a good deal higher than 143MH.

Definitely matters as the network hash rate (and especially the movement in it, up or down) is obviously a good indicator of the viability of a new coin.