It would be very interesting to see how the BitBars are traded if/when they hit an
automated exchange.
And especially what the initial offer will be...
Actually that would make a good bet..
What will the initial Bid/Ask be??
I think it will open at 2 BTC+ initially. Then again maybe even higher, FTC and CHN opened at way higher rates than I expected. |
|
|
|
|
That's why I'm a fan of BitBar... it does bring something new to the table through its combination of ideas. On the surface it doesn't win points in terms of innovation, no (Unless you count the 'bar' aspect - which I think was a smart play from a psychological perspective). It's better than a relabeled client with only the amount of coins changed. I think it potentially has some staying power.
|
|
|
|
|
The DDoS attacks on pools are real, in my case I was hit with over 8gbit at one point. Not a matter of too many users. It's not even that expensive to run a massive pool like BTCGuild. Protecting yourself against attacks is though.
|
|
|
|
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.
Excellent!  |
|
|
|
|
The amount of jr members signing this is yeah... not fishy at all.
I'm going to go with NO.
|
|
|
|
I'm still bullish. Sold off enough to 'break even' at around 0.0035 and still sitting on 30k+ for the long haul. Either it will stagnate around 0.20-0.30 in a day or so, or it will take off. I don't see it going 'away' anytime soon with China just now becoming seriously interested in crypto currency. I can see if becoming the 'LTC of the far east' and if so, having a position is always nice if you are willing to take some risk.
Why do people keep implying the Chinese will favor a random new clone-coin over well established ones just because it has China in the name? It is quite ridiculous, especially since one of the main draws to cryptocurrency is doing away with regional barriers. They seem to be implying that Chinese people don't 'get' Bitcoin and need a dumbed-down version in order for cryptos to take off there. Insulting when you think about it... |
|
|
|
Paypal can suck our collective balls.
Still, it's good for Bitcoin if they add it. |
|
|
|
IMHO hold on to them, unless you need to money. If you need the money, sell. Yes, it will go back up... how far: who knows.
How I'm looking at things:
1. Too new. I have to wait some time to really see where things are going to go.
2. Waiting for a Chinese newscast or article about CNC. Depending on how people in the media view the coin will help me make a determination on what to do.
Not saying CNC is BTC. But it really took the media to light a fire under BTC. Once the news media got a hold of it, the coin went through the roof.
I'm sure there will be media outlets which cover or report on CNC. If it's hailed as the Chinese answer to BTC, then expect the coin to be worth far more then it is now. I don't ever see it being 1:1 with BTC. If that happens expect a 51% attack by the BTC overlords.
Regardless of how the coin was launched, etc it's still a coin, on two exchanges, with great hashing power. It only takes a small fraction of Chinese to want the coin. A really small fraction of the 1.3 Billion Chinese.
Lastly, someone mentioned in another post about the gambling possibilities of CNC or any CryptoCoin for that matter. You have to be dumb as a brick to not know that Asia is the biggest gambling center in the world. Las Vegas casino corps are rushing to put casinos in Asia. If the local gambling houses can use CNC as a form of untraceable means of funding betting: watch out.
Lol if CNC takes off like that I predict we'll have coins for every nationality |
|
|
|
Means you are doing something right.
I agree. Were you the only pool in the US? blastbob's pool is US based and his is down now too. I don't think I'll be bringing the pool back unfortunately. Too much sabotage going on with this coin. It's interesting the guy that scammed people with a 100% fee on his pool didn't suffer any downtime today while all other pool ops did. |
|
|
|
|
He's probably behind the DDOS too. Convenient all other pools were getting hit while this one was up.
|
|
|
|
Mine bitbar for a day and sell for 2 BTC. Mine BTC for a day and make 3 bitcents  Well, I should point out on 1 MH/s it would take you around a week to get one Bitbar, possibly longer since the difficulty is constantly going up. Still more profitable than BTC yes, but so are many other alts. Anyway - I don't see why the BitBar haters feel the need to troll sales threads, just let the market decide. |
|
|
|
Nice idea. What is the starting difficulty going to be?
I'm really confused here. People kicked up a big fuss about BitBar's starting difficulty (even though it was no different to a lot of other coin launches) and now a new coin is launching no-one cares about the starting difficulty? I notice Substrata isn't asking about this in this thread which is amusing to me since half of his 70 odd posts must be about BitBar's difficulty level lol Why would anyone care about starting difficulty for CPU mined coin? Same principles apply - you have server farm and botnet owners waiting to unleash 1000s of CPUs on this thing. |
|
|
|
Launching with a very high difficulty seems like a good idea, but this encourages less people to jump on.
Proof? You don't have one. Obviously. It's an opinion. Not saying someone shouldn't try it. |
|
|
|
People have really short memory here, never seen a coin with so much debate? There was more debate about Feathercoin 2 weeks ago which sold at 0,1 btc when it hit btc-e and is now 0,0031  Not to talk about SolidCoin, who can ever forget those  Well, I wasn't around here for SolidCoin. Seeing way more controversy with BitBar than Feathercoin (or CHN), though... |
|
|
|
Although i've only been on the cryptocurrency scene for a couple months i don't believe i've ever seen a coin (or bar) build such a disdain towards it so quickly; the only emotional response equal to the immediate hate seems to be the hyperadvocacy of its adopters. Regardless of the position chosen, any argument is just bringing more awareness to the coin - i'm curious to see where all this momentum will lead.
I have to agree. Never seen an ALT launch stir up so much debate. Will be interesting to see where it goes a month from now. |
|
|
|
new alt coins should be announced they will be released X day. Not doing so is just another form of pre-mining
Don't see the point. If you announce a coin is going to be available on X that just gives people with massive rigs time to prepare. Does nothing to solve the 'premine' issue. At least there's more of a spread with no pre-announced date (chances are, more small-time miners will catch it first than the big ones). Launching with a very high difficulty seems like a good idea, but this encourages less people to jump on. But a good way to launch a coin would be to let a trusted third-party who agrees NOT to mine release it at a time only known to him/herself. That way, no single person gets a clear advantage. |
|
|
|
|
Yep, my pool got hit by a 8.4 gbit attack, these guys aren't kidding around...
|
|
|
|
|
Pool is temp down for now, DDoS... not much I can do, attack was pretty massive - 8.4 gbit worth.
|
|
|
|
|
Good to see an information repository, nice work. I'm looking forward to see what the future holds for BitBar. Promising specs and a unique concept as far as ALTs go in one package. If coins like FC and CHN can gain traction I see no reason why BitBar won't, as it's actually something new.
|
|
|
|
|
Show Posts
