I would love to hear some kind of update on this project.  |
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It's dollar value is approximately 37 cents... That's pretty good I think |
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Agreed. It's just a courtesy to people new to crypto-currencies to state our opinion int he thread so they investigate and make their own (informed) opinion. The name is just so similar that I can imagine it is really confusing to them.
Honestly I think you are just jealous and in disbelief at the high prices BitBars are being traded at. If you were honest with yourself inside you would admit that. There's no logical reason to spam FUD in BitBar threads when most other coins which launched the same way received no flak about these things.The future price? Who knows. Speculators will continue to speculate, driven by supply and demand. BitBar could be a distant dream but eternally remembered for the high initial price, in 6 months time, or it could continue to make the haters hate  I'll let you guys have the last word, I have things to do! I'm just a guy who bought a few and loved the concept! |
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I do agree that launching a new coin should be made public atleast 7 days before the actual launch. Preferably couple of pools set up and an exchange to support it. Distributing the binaries and sources in a AES encrypted 7zip or rar package and finally revealing the key at specific already widely known time.
We just haven't seen this method yet, hopefully it comes the standard some day.
Even fairer than that, would be to launch the coin but only on a 'testnet' so people could practise mining it etc. You could even argue every coin is a scam coin for not doing these things. |
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Why set difficulty at 0 if the purpose of the bitbar is to be very rare and hard to get? Creator couldnt have been so naive  Let's look at some other coins: Feathercoin launched with difficulty 0Terracoin launched with difficulty 1 (just as low as 0 in effect) Chinacoin launched with difficulty 0Novacoin launched with difficulty 0etc Are you seeing a pattern yet? Please stop trolling Indeed. All scams. But no people posting scam every 2 minutes in those topics (apart from novacoin I admit). I don't know. I'm not the coin creator, I'm not even a large holder of coins, I bought the ones I have not mined them. It's a solid concept and hasn't done much different in terms of launching from most other crypto coins. Difficulty is still going up and up, and BTB have been selling today for over 1 bitcoin like yesterday... If the price drops a ton so be it, if it rises so be it... the free market will decide |
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solution, fork bitbar in a fair bitbar with an announcement with enough time to be ready (even having time to improve the rig) + a horrible high diff start so it can adjust from high to low first the solution is easy.... but people like to argue....(and cry) if the fork is done correctly to be as fair as possible the price of bitbar would go to the shit while the price of the fair bit bar would go to the sky. Oh and i tried to mine having only rejects... but i am happy with my giveaway 0.01  PPCoin which BitBar is based on along with Novacoin had a high difficulty and 2 million were still created on day 1. What's happened is here is pretty 'normal' for a cryptocoin launch. |
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What you describe happens with most coins that launch
Let's look at some other coins:
Feathercoin launched with difficulty 0
Terracoin launched with difficulty 1 (just as low as 0 in effect)
Chinacoin launched with difficulty 0
Novacoin launched with difficulty 0
etc
So because other coins fucked it up, this one should too? I don't mine ANY coin - so not fussed about missing any boats. But we could do with more genuine alt coins and less of the premine then pump then dump then vanish kind. Just shuffling around bits of existing coins, premining a load and hoping to sell them off before the coins dies isn't any useful kind of progress - it's been done to death already. You really don't understand? It makes no sense to single out BitBar for having coins that were easier to mine on day one when this has happened so many times in the past with no controversy. Feathercoin, Chinacoin, Terracoin etc didn't have 2 or 3 trolls spamming 'scam premine scam scam easy coins' in every topic. I've seen jealously do things to people but this is insane. i'm not saying it's the best launch but as far as alt crypto coin launches go, it's done nothing that most other launches haven't done. Even coins which launch with high difficulty (PPCoin) still ended up having 2 million coins being mined on the first day. |
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What you describe happens with most coins that launch
Let's look at some other coins:
Feathercoin launched with difficulty 0
Terracoin launched with difficulty 1 (just as low as 0 in effect)
Chinacoin launched with difficulty 0
Novacoin launched with difficulty 0
etc
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Why set difficulty at 0 if the purpose of the bitbar is to be very rare and hard to get? Creator couldnt have been so naive Let's look at some other coins: Feathercoin launched with difficulty 0Terracoin launched with difficulty 1 (just as low as 0 in effect) Chinacoin launched with difficulty 0Novacoin launched with difficulty 0etc Are you seeing a pattern yet? Please stop trolling |
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Ymer, so now you have a problem with people mining the coin AFTER the coin has been publicly announced and it's fair game for anyone to mine? Dear God.
Everyone knows the hour or two when a coin launches you get a ton of coins at a silly rate. It's the early adopter advantage. While you are studing Blockchains, look at the most recent coin favourite - Feathercoin, approximately 200k created in the first 2 hours. This is one reason why you get people with hundreds of thousands of Litecoins, PPCoins etc.
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Very nice to see another large trade for 1.5BTC per bar take place |
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Whats up with the newbs hating? Don't have enough hashrate to mine some by yourself?
This early adaptor bonus is very similar to any other coin there is available, how does it make this one so "bad"?
It's mostly just Substrata, the BFL fanboy. |
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60 BTB created by tester, and it's going to bounty for a dedicated/automated exchange. Anyone reading this thread please disregard subSTRATA, there is a reason why 'ignore' under his name is labeled orange. If you think subSTRATA's words mean anything you need to read more of what he says (try to hold in the hilarity) https://bitcointalk.org/index.php?topic=195621.msg2036951#msg2036951This. Too bad this forum has minimal moderation, I'm sure people who are neutral on BitBar and just want to learn the facts are tired of him spamming his rubbish and then posting pictures of boats when he runs out of steam |
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Nice and clean compilation BitBar needed something like this Correction: Huge rewards in the first 2000 blocks that were mined in 12 hrs. Same for pretty much any coin. PPCoin had 2 million coins in the first day. Do your research... |
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Crytonit concerns me. Quite a few problems with a number of users along with posts like this:
"We feel unhappy to announce that over the coming weekend we will have only rarely access to internet. This means that during the weekend no contact is possible, which includes email, website feedback, private messages and support tickets. Furthermore, we may not able to recover the servers in case of failure."
It needs to go on:
bter
vrcurex
btc-e
True but it did very well for Feathercoin by making Vircurex and btc-e stand up and take notice. I'm of the opinion Vircuex and btc-e wouldn't have touched Feathercoin for months (if at all) if it wasn't for that. It's difficult to get a coin on an exchange. And Cryptonit have shown they will take chances with new coins like Freicoin and Feathercoin. Making it a realistic goal to aim for. Just my two cents, I'm happy to campaign for whatever exchange! |
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BitBar guys just copy and paste these facts to the trolls: - There was 5 minutes of premining done in error by the tester - those bitbars are being donated as a bounty towards the exchange. See the official launch topic. The graph is the entire coins produced, not of the accidental pre-mine (it was only 60 BTB) Sure bud, blockchain indicates otherwise- The difficulty for Feathercoin was also at 0. In fact several coins launched that way You are proving the point that SCAMCOINS gonna SCAM- As with most new coin launches on the first day a huge amount get created for the super early adopters (2 million for PPCoin, 200,000 in the first 2 hours for Feathercoin, many others...) So 5 minutes into the game is the new early adopters timeframe? Keep hating Derp in bold You obviously haven't even looked at the block chain because that is a complete lie. Why are you spreading lies or can you not read times? 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 (supposedly done by the tester in accident - 60BTB total) After that nothing until 17:32: 2013-05-02 17:32:10 - First block found after 17:30 announcement on the forum |
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Let's see this quote 1-2 months from now and laugh.  He will have deleted his post by then. The funny thing is substrata is the scam not BTB. Something really funny is he was hating on feathercoin hard, bashing it in every thread and no-one listened. And the next day he tried to buy some. lol. I'm of the opinion let's sit back and see what the free market decides. |
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To be honest, I found the official explanation on the bitbar.biz site rather... lacking. Can anyone tell me why the hell this is special?
I wrote this description for the bitbartalk forum: "BitBar is a cryptocurrency designed to be extremely rare and thus hold a larger store of value per unit than conventional cryptocurrencies such as Bitcoin or Litecoin. It is based upon the Novacoin codebase which uses Scrypt as the hashing algorithm and the fast continuous exponential difficulty adjustment/reward of PPCoin. This makes it highly ASIC resistant, meaning specialist mining equipment built into chips is very costly to manufacture efficiently." |
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2) Bitcoin did that too.
Have you actualy ever checked Bitcoin blockchain starting with genesis block, lame bastard? Do yourself a favour and check the block times there. It should make you start giving at least some respect to Satoshi and other developers without whom there would be no Litecoin nor any other cryptocoin including pathetic scamcoins you and alikes embraced so much. Satoshi has 950k bitcoins. That's almost 10% of the coin supply. Stop swearing at people, it's childish and rude. We are all adults here. |
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BitBar guys just copy and paste these facts to the trolls: - There was 5 minutes of premining done in error by the tester - those bitbars are being donated as a bounty towards the exchange. See the official launch topic. The graph is the entire coins produced, not of the accidental pre-mine (it was only 60 BTB) - The difficulty for Feathercoin was also at 0. In fact several coins launched that way - As with most new coin launches on the first day a huge amount get created for the super early adopters (2 million for PPCoin, 200,000 in the first 2 hours for Feathercoin, many others...) Keep hating |
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