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Author Topic: [ANN] [BARR] The Only Cryptocurrency Where No One's Ever Lost Money  (Read 38422 times)
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November 18, 2015, 03:53:39 PM
 #161

i have no idea what DGCS is.
so maybe just best to ignore these FUDish rants.

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November 18, 2015, 04:04:36 PM
 #162

i have no idea what DGCS is.
so maybe just best to ignore these FUDish rants.


Yeah, I thought I could just mention that their premine is moving.  I shouldn't get drawn into pointless arguments.

They've been agressively fudding us in C-cex chat, presenting DGCS as the superior alternative to BARR.

They're already listed on C-cex, Yobit, and BTCpool exchange, and they're already on Coinmarketcap too.  All for a coin that didn't exist 2 weeks ago.

When I happened to notice the Digital Credits dev at C-Cex saying that BARR is a worthless shitcoin, and claiming that DGCS was already trading at a higher value, I simply pointed out that the price of BARR was over 100 times more than the price of DGCS.  

He replied that all BARR holders are idiots and will lose all their money.  I asked him why there was only .06 btc on order for DGCS, when he had the money to pay exchanges, pay for a block explorer, pay for a website, and pay a dev to code his wallet.

He then had a meltdown, called me a pussy bitch faggot or something, and continued to rant about destroying me and BARR and crushing us December 1st by burning the same altcoins as BARR and whatever.

So I thought it was important to point out the differences between BARR and DGCS, since people seem to think the projects are similar.



***EDIT***

I just noticed that the entire 200,000,000 coins from the premine have moved from the "burn fund" address.  Maybe they moved 1 million to BTCpool's hot wallet, and the rest to cold storage.  Who knows?    

Burning Altcoins for Redemption and Reduction - http://barr.me
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November 18, 2015, 08:55:27 PM
 #163

Update:

It turns out that the 1 Million DGCS went to Yobit "to give away".  There are still less than 100,000 coins in circulation from PoW, and the dumping of 1 Million premined coins is already beginning, with another 199 Million to go.  But they held a "vote" on their own forum, and 2 anonymous new users voted to change all the dev's promises, after he asked them to vote for it and allowed 24 hours.

And now they're saying they will give out 5 million coins at launch for burned coins, instead of 2.6 million for an entire year.

Also, you have to send the coins to their exchange instead of actually burning them.  The exchange charges a fee of .5%.

But information is hard to find, since they've started their 5th or 6th official thread and locked the old ones.  The dev has also deleted several of his own posts.

Apparently their plans have changed drastically since last week, when they were still saying that there was absolutely no giveaway and that the premine was never to be used for giveaways.  

The guy running the thing has said multiple times that the premine was 100% to be used for burn exchange only;  He has also repeatedly stated that only 2,628,000 coins per year would be issued from the premine.

I can't quote from locked threads, but here is a link:  https://bitcointalk.org/index.php?action=profile;u=558597;sa=showPosts;start=100

That link also shows the dev promising that all premined funds would be held by an exchange, and not by himself.  In fact, he still has 199 Million and has already given 1 Million to Yobit.


And here is the pre-ANN where intristin criticizes BARR for "knowing which coins will be burned ahead of time" - https://bitcointalk.org/index.php?topic=1231951.20

And now DGCS has decided that they won't even reveal what coins they're burning until 24 hours before they start burning.

Anyway, that's enough updates for now.  I don't think there will be anything to follow for much longer, since they're already dumping the premine so fast. 

Meanwhile BARR is still burning KEY, FRAC, and XAI, and we're getting ready for ACP and LYB!

Burning Altcoins for Redemption and Reduction - http://barr.me
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November 19, 2015, 03:15:49 PM
 #164

Hello everyone, today is another beautiful day.

Buying has already started for Lyrabar and Anarchists Prime, but the burn doesn't start until December 1st.

We're proud to be the only cryptocurrency that is earned by burning multiple altcoins, and we hope to continue making a positive impact.

We are committed to protecting the value of people's coins that they transfer to BARR, and that is why no BARR has ever been distributed for free or even for money.  If you see BARR for sale, you can personally verify on decentralized blockchains that it was legitimately earned by burning altcoins.

Burning Altcoins for Redemption and Reduction - http://barr.me
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November 19, 2015, 04:01:49 PM
 #165

You guys should just burn any coin that bobsurplus was involved in as well as other vaporware coin devs like prometheus or igotSpots created coins, and perhaps even other no-name useless devs.  That will surely rid the market of many crapcoins.
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November 19, 2015, 04:15:29 PM
 #166

You guys should just burn any coin that bobsurplus was involved in as well as other vaporware coin devs like prometheus or igotSpots created coins, and perhaps even other no-name useless devs.  That will surely rid the market of many crapcoins.


Well, it's complicated, and there are multiple factors to consider.  Any coin that is already dead, or headed that way, doesn't need our help.  It's removed from the market without us, so we can focus on coins that are stubbornly persisting.

It wouldn't make much sense to burn dead coins, or to bring them back to life and re-list them on an exchange, just to get rid of them again.  

And we don't want to give the appearance of rewarding scammers, especially if the devs may still be holding a large percentage of the coin's supply.  We want to discourage bad coins, no encourage them.

But certainly there are plenty of coins and plenty of holders that would benefit from BARR, and in the future we hope to burn several each month.

Burning Altcoins for Redemption and Reduction - http://barr.me
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November 19, 2015, 04:44:59 PM
 #167

You guys should just burn any coin that bobsurplus was involved in as well as other vaporware coin devs like prometheus or igotSpots created coins, and perhaps even other no-name useless devs.  That will surely rid the market of many crapcoins.


Well, it's complicated, and there are multiple factors to consider.  Any coin that is already dead, or headed that way, doesn't need our help.  It's removed from the market without us, so we can focus on coins that are stubbornly persisting.

It wouldn't make much sense to burn dead coins, or to bring them back to life and re-list them on an exchange, just to get rid of them again.  

And we don't want to give the appearance of rewarding scammers, especially if the devs may still be holding a large percentage of the coin's supply.  We want to discourage bad coins, no encourage them.

But certainly there are plenty of coins and plenty of holders that would benefit from BARR, and in the future we hope to burn several each month.

Good info thanks, and oh yes...forget about this aspect (in bold I made above), good point!
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November 21, 2015, 06:00:18 PM
 #168

Burn Period 2-A will begin December 1st at 00:00 UTC, and will end at 23:59 UTC (6:59PM in New York) on December 30th.

Our accepted altcoins for December are ACP Anarchists Prime and LYB Lyrabar as a Wild Card.




We will be redeeming burned ACP at the rate of .05 BARR per ACP (20 ACP per BARR) with a target price on market of 600 satoshis per ACP.

The burn address for ACP is 1111111111111111111114oLvT2




We will be redeeming burned LYB at the rate of .5 BARR per LYB (2 LYB per BARR) with a target price on market of 6000 satoshis per LYB.

The burn address for LYB is LKDxGDJq5fF4FohAB8zJH24mDDNHDNtqsE




We will be redeeming burned BARR at the rate of .9 OFFS per BARR (~ 1.111 BARR per OFFS) with a target price on market of 12,000 satoshis per BARR.

The burn address for BARR is NXT-HD9P-ZTPP-EHFJ-59VUC




Before sending coins to the burn address, message BARR_Official at bitcointalk and tell us which coin and the amount you're planning to burn.  After you send your coins to the burn address, message us again with the transaction I.D. and your NXT wallet address (not a NXT address from an exchange).  If your NXT address has never received a transaction before, also include the Public Key.  Please see Page 1 of this topic for full details.

Burning Altcoins for Redemption and Reduction - http://barr.me
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November 21, 2015, 11:24:32 PM
 #169

We're still on the lookout for coins to burn down the road, so let us know if there are any good suggestions we don't have on our list.

There are plenty of coins to sift through, but remember there are certain factors that can disqualify a coin.  For example, if there are only 100,000 coins from PoW, but the dev makes a secret deal to give away a million premined coins to one person, that inflates the marketcap 10 times more than it should be.  So we try to find out if there's anything fishy going on;  we don't want to participate in some kind of scam or rip-off.






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November 22, 2015, 01:49:22 PM
 #170

We've burned some more coins this weekend, bringing Keycoin up to 30% of the entire supply, and Sapience up to 48%.

We've also updated the OP with more details about the December exchange period.


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November 22, 2015, 02:05:37 PM
 #171

Hello, I  can start burning  ACP and LYB?
Or do I have to wait for December?
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November 22, 2015, 05:50:07 PM
 #172

so you want to reduce the number of altcoins by making another super garbage one LOL
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November 22, 2015, 06:52:41 PM
 #173

Hello, I  can start burning  ACP and LYB?
Or do I have to wait for December?

December 1

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November 22, 2015, 06:54:28 PM
 #174

so you want to reduce the number of altcoins by making another super garbage one LOL


Excellent point.  We have indeed released yet another altcoin, increasing the number of altcoins.

That is why the BARR project has earned OFFS Altcoin Offset Credits, proving that we have reduced and recycled other altcoins to balance the coins we are creating.

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November 23, 2015, 04:22:04 AM
 #175

Easy links to view the burn transactions for LYB and ACP:



http://bitexp.net/address.php?coin=Lyrabar&address=LKDxGDJq5fF4FohAB8zJH24mDDNHDNtqsE



http://52.11.163.91:3001/address/1111111111111111111114oLvT2

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November 24, 2015, 08:23:37 PM
 #176

Alright, 7 days from now it will be too late to exchange your KEY, FRAC, and XAI. 

When the Keycoin and Fractalcoin markets at Cryptsy are gone, these coins will pretty much be dead.  But if you exchange those coins for BARR, you will have something that can never be delisted.

Burning Altcoins for Redemption and Reduction - http://barr.me
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November 24, 2015, 11:20:07 PM
 #177

Alright, 7 days from now it will be too late to exchange your KEY, FRAC, and XAI. 

When the Keycoin and Fractalcoin markets at Cryptsy are gone, these coins will pretty much be dead.  But if you exchange those coins for BARR, you will have something that can never be delisted.

Can BARR be exchanged anywhere for anything?

Tanks,


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November 25, 2015, 03:24:52 AM
 #178

Alright, 7 days from now it will be too late to exchange your KEY, FRAC, and XAI. 

When the Keycoin and Fractalcoin markets at Cryptsy are gone, these coins will pretty much be dead.  But if you exchange those coins for BARR, you will have something that can never be delisted.

Can BARR be exchanged anywhere for anything?

Tanks,


Yes.  BARR can be exchanged for NXT within any NXT wallet or client, or at SecureAE.com, or at wallet.MyNXT.info.

BARR can also be exchanged for OFFS Altcoin Offset Credits through our burn exchange program.

Burning Altcoins for Redemption and Reduction - http://barr.me
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November 25, 2015, 12:39:48 PM
 #179

What are the current numbers looking like for the November coins?

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November 25, 2015, 02:42:45 PM
 #180

What are the current numbers looking like for the November coins?


FRAC – 333,978 coins burned out of 1,003,589 = 33% of total FRAC supply
KEY – 285,067 coins burned out of 946,902 = 30% of total KEY supply
XAI – 336,561 coins burned out of 690,460 = 48% of total XAI supply


When the price of Bitcoin was up, that was over $18,000 worth of altcoins burned for BARR.  Now it's closer to $14,000, but the price of BARR isn't limited by the price of the altcoins after they've already been burned.


And we've burned 230,100 BARR in exchange for OFFS, out of the 561,990 total BARR earned  = 40%.

The current available supply of BARR in circulation is 331,890.



Burning Altcoins for Redemption and Reduction - http://barr.me
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