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Author Topic: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins  (Read 34585 times)
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casper77
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May 01, 2016, 02:33:15 AM
 #381

Voting is over, nobody voted for any new altcoins yet.  So we will only do our standard burn of BARR for OFFS during the month of May.
is it too late to vote ? maybe not ?

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May 01, 2016, 03:24:46 AM
 #382

Voting is over, nobody voted for any new altcoins yet.  So we will only do our standard burn of BARR for OFFS during the month of May.
is it too late to vote ? maybe not ?



It's not too late!  Voting is open through May 31 for the coin or coins to be burned in June.

Burning Altcoins for Redemption and Reduction - http://barr.me
casper77
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May 01, 2016, 09:46:33 AM
 #383

i mean May burn

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May 01, 2016, 12:23:36 PM
 #384

May burn goes from the 14th to the 28th, and we'll be burning BARR and redeeming it with OFFS Altcoin Offset Credits.

Burning Altcoins for Redemption and Reduction - http://barr.me
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May 16, 2016, 12:11:07 PM
 #385

May voting period is halfway over, send your votes before the end of the month

Burning Altcoins for Redemption and Reduction - http://barr.me
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May 17, 2016, 08:14:03 AM
 #386


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May 17, 2016, 08:52:47 AM
 #387



Think that was some of molecular's Casascius stash going up in flames. ^^^
casper77
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May 17, 2016, 12:07:03 PM
 #388

I propose to add RAIN to eligible list and i ask second time: why BUN is still in list ?

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May 17, 2016, 12:51:40 PM
 #389

I propose to add RAIN to eligible list and i ask second time: why BUN is still in list ?



RAIN says it's only listed at comkort and cryptorush, but both of those exchanges are offline.

We burned 11 Billion BUN, but there are still plenty of billions unburned.  We probably won't get around to burning it again, but it could be an option if we run out of other coins to burn.

Burning Altcoins for Redemption and Reduction - http://barr.me
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May 17, 2016, 08:26:52 PM
 #390

I remember the first proof of burn but this is even better than original.
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May 17, 2016, 08:45:21 PM
 #391

I remember the first proof of burn but this is even better than original.


I think Counterparty was the first proof-of-burn, they burned Bitcoin for their initial distribution.

They had different reasons for doing it, and it was a one-time thing.  But so far we have been successful in making real changes across 10 different blockchains, with real influence and far-reaching effects for the entire crypto market.

Burning Altcoins for Redemption and Reduction - http://barr.me
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May 19, 2016, 02:12:33 AM
 #392

I remember the first proof of burn but this is even better than original.


I think Counterparty was the first proof-of-burn, they burned Bitcoin for their initial distribution.

They had different reasons for doing it, and it was a one-time thing.  But so far we have been successful in making real changes across 10 different blockchains, with real influence and far-reaching effects for the entire crypto market.

I missed this concept or algorithm I am more active on pos and pow coins but this algorithm is more better  I would like to participate on the next round of vote and will watch this thread to see what altcoins are candidate..

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May 19, 2016, 02:16:58 AM
 #393

I remember the first proof of burn but this is even better than original.


I think Counterparty was the first proof-of-burn, they burned Bitcoin for their initial distribution.

They had different reasons for doing it, and it was a one-time thing.  But so far we have been successful in making real changes across 10 different blockchains, with real influence and far-reaching effects for the entire crypto market.

I missed this concept or algorithm I am more active on pos and pow coins but this algorithm is more better  I would like to participate on the next round of vote and will watch this thread to see what altcoins are candidate..



The eligible coins are listed on Page 1 of this topic, and voting is open each month until the end of the month. 

Any suggestions for next month's coin?

Burning Altcoins for Redemption and Reduction - http://barr.me
fortunecrypto
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May 19, 2016, 03:11:19 AM
 #394

Quote
The eligible coins are listed on Page 1 of this topic, and voting is open each month until the end of the month. 

Any suggestions for next month's coin?

Yes I highly recommend valorbit because of it's enormous supply some holders have already accumulated hundreds of millions of this coin and many more coming because of the free distribution which is still undergoing..

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May 20, 2016, 12:26:28 AM
 #395

Quote
The eligible coins are listed on Page 1 of this topic, and voting is open each month until the end of the month. 

Any suggestions for next month's coin?

Yes I highly recommend valorbit because of it's enormous supply some holders have already accumulated hundreds of millions of this coin and many more coming because of the free distribution which is still undergoing..




Because it's such a new coin, and the distribution is still ongoing, and because block rewards will continue to increase over the next 3 years, there is no way BARR could significantly reduce the supply.  Even if we burned 100% of all valorbit currently in circulation, they would replace and increase the supply by next year. 

Burning Altcoins for Redemption and Reduction - http://barr.me
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May 20, 2016, 01:10:46 AM
 #396

Quote
The eligible coins are listed on Page 1 of this topic, and voting is open each month until the end of the month. 

Any suggestions for next month's coin?

Yes I highly recommend valorbit because of it's enormous supply some holders have already accumulated hundreds of millions of this coin and many more coming because of the free distribution which is still undergoing..




Because it's such a new coin, and the distribution is still ongoing, and because block rewards will continue to increase over the next 3 years, there is no way BARR could significantly reduce the supply.  Even if we burned 100% of all valorbit currently in circulation, they would replace and increase the supply by next year. 

You have a very good point here it's useless to burn coins that has a very high pos because it can be replace,maybe this other coins has realized your existence that is why they increase their pos rewards,three more of your kind and their will be a threat to these scam coin

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May 21, 2016, 01:25:34 AM
 #397


You have a very good point here it's useless to burn coins that has a very high pos because it can be replace,maybe this other coins has realized your existence that is why they increase their pos rewards,three more of your kind and their will be a threat to these scam coin



Also, coins that are scams and that have high inflation will eventually destroy themselves without our help. 

Burning Altcoins for Redemption and Reduction - http://barr.me
casper77
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June 01, 2016, 12:31:16 AM
 #398

what is about voting for june ?

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June 01, 2016, 02:13:09 AM
 #399


You have a very good point here it's useless to burn coins that has a very high pos because it can be replace,maybe this other coins has realized your existence that is why they increase their pos rewards,three more of your kind and their will be a threat to these scam coin



Also, coins that are scams and that have high inflation will eventually destroy themselves without our help. 

In my opinion they just resurrect over time or a new dev take over to promote those coins I have seen that on many coins,they just change their name but the features and the supply are all still there..

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June 01, 2016, 02:20:16 AM
 #400


You have a very good point here it's useless to burn coins that has a very high pos because it can be replace,maybe this other coins has realized your existence that is why they increase their pos rewards,three more of your kind and their will be a threat to these scam coin



Also, coins that are scams and that have high inflation will eventually destroy themselves without our help. 

In my opinion they just resurrect over time or a new dev take over to promote those coins I have seen that on many coins,they just change their name but the features and the supply are all still there..
is this also consider like doing upgrade to a version? i seen some of this coin resurrected using the new name stating that they are going to burn the old one after replacing it, and I'm curios if they really burning it or just used it again and circulate.

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