[ANN] [BARR] The Only Cryptocurrency earned 100% by Multi-Proof-of-Burn

[BARR_Official]

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BARR - Burning Altcoins for Redemption & Reduction

Raising the BARR by Reducing Supply

The Only Source for BARR-Certified Altcoin Offset Credits

1st Coin using Multi-Proof-of-Burn

Launch date November 1, 2015

http://barrcoin.me

NXT Asset I.D. 7823929696462256005

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Burning Altcoins for Redemption and Reduction is a new cryptocurrency on the NXT Asset Exchange.


BARR is only earned via Proof-of-Burn, in exchange for altcoins which are permanently destroyed via burn addresses.  
Our goal is to absorb entire altcoin networks and their users,
burning their coins,
redeeming those coins with BARR,
and reducing the total number of altcoins on the market.

Burning BARR for OFFS gives us a further purpose.  
Please see https://bitcointalk.org/index.php?topic=1233350 for details about OFFS.



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Just as burning bitcoins makes all remaining bitcoins more valuable, burning entire altcoins will make all remaining cryptocurrencies more valuable.  

We believe that the altcoin market is stuck in a fatal loop;
BARR is designed to disrupt that self-destructive cycle and eliminate resource-hogging redundancy.

As BARR absorbs more coins and more users, it will grow stronger as the crowd of altcoins grows weaker.  Multi-Proof-of-Burn means the higher the price of BARR, the more altcoins we can afford to "buy out".

There will be no IPO, no ICO, no Pre-Sale, and no funds set aside for the devs.  BARR is only distributed to people who burn their altcoins - We distribute it for free, but no one can get it for free.

We do not handle anyone's altcoins, because users send their coins directly to burn addresses and prove their burn by sending us the transaction ID.  Then we send them an amount of BARR equivalent to the amount of altcoins they burned, at the predetermined rate of exchange.


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Full Transparency


See the list of our team members, and community representatives from our launch coins, at http://barr.me/who


Burn addresses for each altcoin we've burned can be found at http://barr.me/what



Although NXT Assets and the NXT Asset Exchange are decentralized,
it is not possible to fully run a project like BARR with the current state of decentralized technology.
 Even if we coded all future altcoins for redemption into a client,
it would be necessary to make constant changes over the next few years as altcoins constantly get delisted or stop working.  

At best we would have to hard-fork every month to set the current rate of exchange and make adjustments as to which coins will be accepted,
which amounts to the same thing as relying on developers at every stage.  


So, until such time that the technology exists to run BARR as a fully decentralized project,
we will provide full transparency in every way possible.  


Although there are limitations to the voting system at bitcointalk,
we will offer votes to decide which coins will be redeemed in future burn exchanges.  
If less than 100 people participate in a vote,
or if the vote appears to be manipulated,
we may need to decide based on response from the BARR community and the communities of the altcoins we burn.  


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PLEASE NOTE:

BARR does not burn or destroy other people’s coins;  that would be impossible.
It is up to the holders of these coins to burn them, and only if they choose.

BARR is not an attack on you or other holders of your altcoin,
because only you and other holders of your altcoin can burn your coins.  

The choice is yours,
and any holders who choose to participate in BARR redemption are voting with their coins when they send them to the burn address.


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Who benefits from BARR?  
Holders of good coins, holders of bad coins, holders of struggling coins, and holders of BARR.


 – Holders of good coins benefit when bad coins are destroyed, leaving more money on the market available for the good coins.

 – Holders of bad coins benefit when they burn their coins in exchange for BARR, turning their liabilities into liquidity.

– Holders of BARR benefit when the market bands together against the never-ending plague of altcoins;  buying BARR is a Vote of No Confidence in Altcoin Business As Usual.

  – If BARR offers an exchange for a struggling altcoin and the altcoin’s supply is only partially destroyed, then that coin and BARR can both benefit.  BARR can gain users and adopt the value of the absorbed coins which were burned, while the altcoin can continue with a higher value – no longer struggling, due to its reduced supply.  In this case BARR has still served its purpose, transforming a bad coin into a good coin.


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Instead of adding another altcoin to the market, we're subtracting altcoins from the market.
BARR puts an end to pumping and dumping, because coins that no longer exist can never be dumped again.
If you think there are too many altcoins on the market, buy BARR and help destroy those coins.

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WALLETS



BARR coins are sent and received from your NXT wallet – if you’ve never used NXT before, just try it.  We think you’ll be impressed.


To download the NXT client, visit http://NXT.org.  (The installation is relatively simple, but it takes a while for the blockchain to sync.)

With the NXT client, you can send, receive, and trade, all inside the wallet interface.  
That includes NXT, BARR, and any other NXT asset as well as any currency on the NXT Monetary System, such as Nautilus.  


To use an online wallet, visit https://wallet.MyNXT.info  (Requires purchase of their Asset plug-in for 1000 NXT)


Or to begin trading BARR instantly with a NXT passphrase, visit http://skynxt.github.io/www


To trade with NXT within the SuperNET Lite client:
https://nxtforum.org/lite-multigateway-releases/supernet-lite-v2-0-7-beta/


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There is no ICO, but we welcome community contributions in the following ways:  

 - - Buy the accepted altcoins on exchanges and burn them for BARR, or burn the altcoins you already have.
 - - Buy BARR from people who have earned it by burning their altcoins.  
 - - Dump your altcoins into our buywalls, and we'll burn them.


We will attempt to provide buy support across all exchanges, hopefully with community help, to allow liquidity for these coinswaps.  Whether your sell your altcoins to us on exchanges, or burn them and sell us your BARR, we want to take away the weight of that bag you've been holding.


IMPORTANT:  Although the announcement of a BARR "buyout" has the potential to influence the market prices of these altcoins, please trade at your own risk and remember that our buywalls will disappear at the end of the burn period (if not before).  You can continue to hold your altcoins, gambling on the chance that the price might rise, or you can take the guaranteed BARR and forget about those other coins forever.


BARR isn't about buying altcoins on exchanges, it's about redeeming people's altcoins when they burn them.  When a coin hardforks to a new blockchain, the main holders of Altcoin2.0 are the people who were already holders of Altcoin1.0 - in the same way, the main holders of BARR will be the people who already mined and held these altcoins.  The reason we plan to support the price of these altcoins with buywalls during swaps is to maintain the value of the BARR being exchanged for the altcoins.  If the altcoins we're redeeming become available too cheap, then BARR becomes available too cheap.  That would defeat the purpose of people swapping for BARR, since they need to swap for something of value.


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Multi-Proof-of-Burn as a long-term method of coin distribution

As the life of BARR develops, we hope to see the true benefits of the Multi-Proof-of-Burn innovation.  The price of BARR acts as the "difficulty" in a unique way that has never been seen before:

 At launch, you can earn 5,000 BARR for burning 10,000 KEY.  But as BARR gains more users, the difficulty – the price – will hopefully rise.  In the future, if BARR has a higher price, then burning 10,000 altcoins might only bring you 500 BARR.  Or 50.  Or 5.  In this way we hope to have a curve of emission over time similar to a PoW coin with frequent block halvings, which could allow us to continue buying altcoins indefinitely as we approach the maximum supply without ever reaching it.

Visit http://barr.me/how for details of how the "block halving" is scheduled, with an estimated 7,500,000 BARR to be in circulation after 4 years.

Total supply is set at 10 million BARR.  All existing coins at launch must stay in the burnfund until exchanged for burned coins.  


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Coins destroyed by BARR as of December 10, 2016:

 
FRAC – 333,978 coins burned out of 1,003,589 = 33% of FRAC coin supply
KEY – 285,067 coins burned out of 946,902 = 30% of KEY coin supply
XAI – 336,561 coins burned out of 690,460 = 48% of XAI coin supply
LYB - 378,591 coins burned out of 985,344 = 38% of LYB coin supply
ACP - 1,135,048 coins burned out of 2,793,664 = 40% of ACP coin supply
UIS - 17,025,663 coins burned out of 36,874,815 = 46% of UIS coin supply
BUN - 11,120,369,000 coins burned out of 88,975,662,768 = 12.5% of BUN coin supply (excluding charity funds)
BSC - 2,079,346 coins burned out of 5,544,449 = 37.5% of BSC coin supply
CHC- 2,029,696 coins burned out of 11,387,208= 17.8% of CHC coin supply
XAP - 67,882 coins burned out of 269,477 = 25% of XAP coin supply
CAGE - 9,605,167,227 coins burned out of 93,796,631,167 ~ 10% of CAGE coin supply
BARR – 305,356 coins burned out of 1,301,599 issued  = 23% (self-burned BARR, sent back to the burnfund)
OFFS - 15,000 coins burned out of 295,305 issued = 5% (permanently destroyed)



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NXT Asset I.D. 7823929696462256005
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[BARR_Official]

INSTRUCTIONS AND RULES FOR BURNING YOUR ALTCOINS IN EXCHANGE FOR BARR


Step #1:  Before sending your coins to the burn address, make sure you're burning one of the coins accepted during the current burn period.  

Step #2:  Before you burn your coins, message us at Bitcointalk and tell us which coin you're burning, how many coins, and your NXT address.   (If your NXT account has never received a transaction before, also include your Public Key)  

Step #3:  After you have burned your altcoins, message us again with a copy of your previous message, and add the transaction ID of your send to the burn address.  

This allows us to verify on the blockchain that you have actually sent that amount of coins to the burn address.  
Telling us before you do it will prevent anyone else from watching transactions and claiming that your burned coins came from them.  
There is no way to prove who sent an unclaimed transaction, and any disputed or unclaimed burn transactions may not be redeemed if we cannot determine who burned the coins.  So message us and claim your coins before you send them.
If you split your coins into multiple smaller transaction IDs, we will wait until all transactions arrive at the burn address and verify that they add up to the total amount you had requested.

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Anyone attempting to pass a fake transaction ID or previously used transaction ID will have their bitcointalk account and NXT account permanently banned from participating in all future BARR altcoin redemptions.
 
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The initial burn period may require a minimum exchange of 50 BARR per transaction, to reduce spam and because each transfer costs us 1 NXT.  That means you must burn a minimum of 100 FRAC, 100 KEY, 66 XAI, or 50 BARR.

Newbie Bitcointalk accounts may be held to a minimum of 500 BARR, to prevent spam from sockpuppet accounts.

The minimum may be reduced for future burn periods according to the difficulty, or it may be waived on an individual basis if spam is not a significant problem.

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We will strictly enforce the cutoff of the burn period at one minute before Midnight, 11:59PM or 23:59 UTC/Greenwich Mean Time on the final day of the burn period.  (That's 7:59PM in New York during the summer, and 6:59PM in New York if it's winter.)

If you have not sent us the txid showing your send to the burn address by 23:59 UTC, you will not receive BARR.  

We will attempt to maintain buywalls on exchanges through the end of the burn period, and any coins sold to us after 23:59 UTC will be burned for BARR and that BARR will be re-burned by sending it back to the burn fund.  

If our buywalls are depleted before midnight on the final day of the burn period, and you are able to buy a million billion coins for 1 satoshi, we will honor them at the set rate of BARR if you send them by 23:59 UTC – but one minute later and you will get nothing.

 So please stop buying the altcoins well in advance of midnight, and do not burn any coins after 11:59PM unless you consider it a donation.  Because we’re serious about the cutoff.

[BARR_Official]

Our goal is to burn at least one altcoin every 30 to 60 days.  Our options of which new coins we can afford to burn, and how many, and how often, will depend on the price of BARR.

To vote for which coin we will burn during the next period, send BARR to our Market Fund with a message attached indicating the coin you're voting for.  1 BARR = 1 Vote.  Voting ends at 00:00 GMT on the 1st of each month, and burns are currently scheduled from the 14th to the 28th of each month.


Swaps for burned coins will be done at a fixed rate - we will announce each coin, its exchange rate, and the period for which the offer will be available.


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Burn Period #1, November 1 to November 30, 2015:

  – – Fractalcoin (FRAC) at .5 BARR per FRAC (2 FRAC for 1 BARR), with a buy-support target of 5000 satoshis per FRAC on market
 – – Keycoin (KEY) at .5 BARR per KEY (2 KEY for 1 BARR), with a buy-support target of 5000 satoshis per KEY on market
 – – Sapience (XAI) at .75 BARR per XAI (~1.33 XAI for 1 BARR), with a buy-support target of 7500 satoshis per XAI on market
 - - Burning Altcoins for Redemption and Reduction (BARR) at 1 OFFS per BARR (1 BARR for 1 OFFS), with a buy-support target of 10,000 satoshis per BARR on market



The burn address for Fractalcoin is FVAiSujNZVgYSc27t6zUTWoKfAGxc8CEW5

The burn address for Keycoin is K7D9JtQxx7rRoWGu6szLpeFQKhbSzyUbC8

The burn address for Sapience is AFmseVrdL9f9oyCzZefL9tG6UbvhPbdYzM

These burn addresses can be verified as unspendable because they return a hash with a long string of zeroes.  




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

This is the address for the Burn Fund, and coins are removed from circulation by sending them here.  They cannot be re-sent until they are re-earned with another proven burn transaction of altcoins.  


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Burn Period #2-A, December 1 to December 30, 2015:

 - - ACP Anarchists Prime at 05 BARR per ACP (20 ACP per BARR) with a target price on market of 600 satoshis per ACP

 - - Wild Card:  LYB Lyrabar at .5 BARR per LYB (2 LYB per BARR) with a target price on market of 6000 satoshis per LYB

 - - BARR for OFFS at .9 OFFS per BARR (~ 1.111 BARR per OFFS) with a target price on market of .00012 BTC (12,000 satoshis) per BARR



The burn address for ACP is 1111111111111111111114oLvT2

The burn address for LYB is LKDxGDJq5fF4FohAB8zJH24mDDNHDNtqsE

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


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Burn Period #2-B, January 1 to January 30, 2016:

 - - To Be Decided


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PLEASE NOTE:  In case of emergency, double-spend attack, stalled or forked blockchain, block explorer failure, or other disastrous unforeseen circumstances that may interfere with our ability to conduct burn exchanges, we may end the burn period early.  So if you're planning to burn your coins for BARR, don't procrastinate.


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[BARR_Official]

Coins currently eligible for future burn exchange:




8BIT   8Bit, current supply   384,141  Cryptsy wallet offline?
ACOIN   Acoin, current supply     1,134,479
ACP   AnarchistsPrime, current supply      2,005,302  Already Burned
ANAL   AnaLCoin (Analyst Coin), current supply   193,330
ARG   Argentum, current supply   4,616,820
ASN   Ascension, currenty supply     18,918,064
AUM   Alexium, current supply   20,261,106
BITS   BitStar, current supply   19,209,785
BITZ   Bitz, current supply   1,968,041  Involved in their own coin burn?
BLC   Blakecoin, current supply   8,277,653
BOB   Dobbscoin, current supply   3,784,240
BRC   Biebercoin, current supply   398,000,000
BTM   Bitmark, current supply           972,520
BTQ   BitQuark, current supply   4,065,118
BUN   BunnyCoin, current supply     98,379,567,190
BVC   Beavercoin, current supply    2,739,368
C2   Coin2.1, current supply   114,081,891
CAGE   CageCoin, current supply   99,213,298,394
CAPT    CAPTcoin, current supply   20,316,619
CAT   Catcoin, current supply   2,579,399
CCN   CannaCoin   , current supply 4,654,701
CDN   Canada eCoin, current supply   86,457,854
CESC    CryptoEscudo, current supply   599,431,700
CETI   Cetuscoin, current supply   51,44,790  blockchain doesn't move
CHC   ChainCoin, current supply   9,500,000
CKC   CheckCoin, current supply   18,643,020
CORG     CorgiCoin, current supply   96,478,598,893
CRAIG   CraigsCoin, current supply     30,075,746  Cryptsy wallet offline?
CRAVE   Crave, current supply      743,103
CRW     CrownCoin, current supply    5,702,170
CRYPT   CryptCoin, current supply   6,025,858
CTO   Crypto, current supply   2,399,729
CYC   ConspiracyCoin, current supply   12,599,427
CYT   Cryptotokenz, current supply   76,456
DARK    Darkcoin (FUDcoin), current supply   13,100,000
ELC   Elacoin, current supply   522,834
EMC2   Einsteinium, current supply    257,784,320  
EMD    Emerald Crypto, current supply   15,953,772
FCN   FantomCoin, current supply   3,096,654
FLAX    Flaxscript, current supply   ?
FRAC    Fractalcoin, current supply    1,003,589  Already Burned
FRK   Franko, current supply   538,510
GLC   Globalcoin, current supply   64,122,209
GLOBE   Global, current supply    90,319,000
GRN   Granitecoin, current supply    24,685,500
GRS   GroestlCoin, current supply    60,513,599
HAL   Halcyon, current supply   2,639,366
HAM   HamRadioCoin, current supply   6,723,768
HVC   HeavyCoin, current supply    88,821,881
KEY   Keycoin, current supply  946,902   Already Burned
KGC   KrugerCoin, current supply     137,295,857
KORE   Korecoin, current supply   1,831,127
LKY   LuckyCoin, current supply   19,307,160
LOG    Woodcoin, current supply   7,832,545
LTCD    LitecoinDark, current supply   78,894,060
METAL   MetalCoin, current supply   77,988,654
MIN   Minerals, current supply   4,657,629
MUE   MonetaryUnit, current supply   73,810,799
NEOS   NeosCoin, current supply   7,492,775
NKT   Nakas (NakamotoDark), current supply   88,623,755
OMC   OmniCoin, current supply   11,015,213
PHS   PhilosopherStones, current supply   3,192,868
PIGGY   New Piggycoin, current supply   476,910,923
PKB   ParkByte, current supply   4,657,629
PRC   Prospercoin, current supply    3,000,000
PTC   PesetaCoin, current supply     154,626,004
PXC   PhoenixCoin, current supply   39,244,500
QSLV    Quicksilver, current supply    3,484,622
RED   RedCoin, current supply   72,153,041
SBC   Stablecoin, current supply   22,789,581
SHELL   Shellcoin, current supply   19,414,096
SKC   Skeincoin, current supply   13,800,000
SMC   SmartCoin, current supply    20,013,365
SOON    Sooncoin, current supply   12,395,580
TES   TeslaCoin, current supply   65,269,617
TGC   Tigercoin, current supply   42,924,141
TOP   Topcoin, current supply   29,110,268
TRICK   TrickyCoin, current supply   7,550,000  Dead?  Yobit wallet offline
ULTC     Umbrella-LTC, current supply   1,529,920
UNB    UnbreakableCoin, current supply    2,270,700
UNIC    Unicoin, current supply   2,399,374
VIOR   Viorcoin, current supply   4,941,654
VIRAL    Viral, current supply   5,350,280
WBB   WildBeastBitcoin, current supply    658,740
XBC   BitcoinPlus, current supply   77,448
XAI   Sapience AIFX, current supply    690,460   Already Burned
XCASH   Xcash, current supply    2,457,531
XCO   X-Coin, current supply   11,259,216
XDP   DogeParty, current supply      2,678,188
XJO   JouleCoin, current supply   23,442,400
XSI   StabilityShares, current supply   9,178,749
      


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Please let us know of any objections or reasons why any of these coins should not be accepted.

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Please note that a coin may lose eligibility if its network stops working, if it is delisted from all exchanges, or if its block explorer goes down.  
Because of the temporary nature of eligibility, we cannot decide on future coins too far in advance.  The price, total supply, and network status of each coin is subject to change at any time, so the coins for each burn period will have to be decided shortly before the burn period begins.  

[EBK1000]

Can you burn BARR for BARR?

[BARR_Official]

Wild Card Burns


If we do not agree that a coin needs to be burned, but it is requested for burn by the community or its own devs, we may choose to burn it as a Wild Card.  Even though we think it’s a good coin, we’ll burn it anyway and see what happens.  Maybe it’s not as good as we think, and we could end up destroying the entire coin.  Or maybe the coin will continue with a reduced supply and come out stronger.


Wild Card coins will be treated as a separate category in addition to the standard burn periods – with a regular burn, we honestly believe that we can burn a coin’s supply and get rid of it.  If we don’t think that’s possible or desirable for a given coin, we will make it clear that it is a Wild Card and falls outside the normal rules of BARR redemption in 2 ways:

 #1 – The exchange rate.  Standard burns offer an exchange rate that is favorable enough to be accepted by the majority of a coin’s users, to give them incentive to burn their coins for BARR.  But for a Wild Card, if we don’t feel that there is a reasonable chance of destroying the entire coin, we may offer a lower rate of exchange.

#2 – Our personal supplies of these coins, if we have any.   In a standard burn period, we will offer buy support for the altcoin being burned, and we will burn 100% of the coins we buy on market or otherwise hold.  We don’t want to be stuck with these coins after the burn period ends.  But for a Wild Card, BARR devs may choose to keep some of our personally-held coins.  However, the BARR Burn Fund and the BARR Market Fund will always participate in burns and burn any altcoins they acquire, even for Wild Cards.
For all standard coin burns, we pledge to burn 100% of the altcoins under our control.  We do not want to give the appearance of a conflict of interests in any way, and that is why we want to make a clear distinction between our standard burns and any Wild Card burns.


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Coins currently under consideration for Wild Card burns:

NYAN NyanCoin

LYB Lyrabar  Burned

UIS Unitus

BOWS BowsCoin

BTA Bata

MRY Murraycoin

OC OrangeCoin

KOBO KoboCoin

BSTY GlobalBoost-Y

OPAL OpalCoin

1CR  1Credit

[BARR_Official]

Since our goal is to remove altcoins from the market, we will not offer burns on coins that are already dead or delisted from all exchanges.

We will not offer burns on coins that have high block rewards, high staking rewards, or which would otherwise easily be able to regain the supply after we burn it.

We will not offer burns on coins that are less than 6 months old, and we will not burn any coins released after 2015 unless we start running out of older eligible coins.  

We cannot offer an exchange for a coin that has a higher marketcap than the value of the amount of BARR allocated for the current burn period difficulty level.  

We cannot offer burns on coins that do not have a working block explorer, as we need to verify each burn transaction.  We also need to verify the total supply, as CoinMarketCap’s figures can be inaccurate if the official block explorer is down.

Centralized control or checkpoints could be problematic, as burn transactions could be reversed or rolled-back.



The following coins are not currently eligible for burn redemption, but may become eligible with a working block explorer, or if other disqualifying factors are corrected:

Ineligible Coins:


ADD   AdderalCoin    - Deliberate ninjamine with all 1,000,000 coins mined in a 1-day Pow period
007   007Coin    - No explorer
42   42 Coin    - Only 42 coins
2BACCO   2BACCO    -  Too new, already delisted from all exchanges
ABC   Asset Backed Coin    - Only traded at Yuanbaohui, may not actually be backed by assets
ABY      ArtByte (AppleByte)        - Marketcap too high for now
ADN   Aiden    - No explorer, problems with syncing?
AGS    Aegis    - No block explorer, dead network?
AIB   AIB    - Investment bond?  99% premine?  No block explorer
ALF   Alphacoin    - No block explorer
ALN   Aliencoin    - No explorer?
AM   AeroMe    - Problematic because Cryptsy is still selling the old version of the coin, Bittrex has the new one
AMC   AmericanCoin    - No block explorer
AMS   AmsterdamCoin    - Too new, only at Yobit
ANI   Animecoin    - No exchanges?
APEX   ApexCoin    - No explorer?
ARB   Arbit    - Huge premine/ICO, huge percentage of supply is held by 1 Bittrex user (dev?)
ARI   Aricoin    - No explorer?
ASC   AsicCoin    - No explorer, too many coins, and we suspect it might be mined with ASICs
AU    AurumCoin    - Delisted from CoinMarketCap because it was only traded at AllCoin, which is offline  
AXIOM   Axiom    - Too new, too many coins still being generated, delegates
AXR   Axron    - No explorer
BANX   BanxShares    - Only traded at its own exchange, 100% premined, majority of coins still held by devs
BAT   BatCoin    - No explorer, too many billions of coins still being generated
BCENT   BitCent    - No block explorer, dead coin?
BCF   BitcoinFast    - Maybe if we could get an accurate figure for current supply
BCR   Bitcredits    - Dev is working on a new update
BCX   BattleCoin    - No block explorer
BDSM   BDSM    - ANN says 6.9 million coins, block explorer says there are already 11 million;  merged with FETISH?
BELA   BellaCoin    - No explorer but would be eligible otherwise
BEN   Benjamins    - No explorer
BET   BetaCoin    - No explorer, default wordpress frontpage in Chinese (“Hello World! - Mr Wordpress” is in English)
BIOS   Bios Crypto    - Too new, only at Yobit, but otherwise might be eligible
BITB      BitBean          - Marketcap too high for now
BITS     Bitstar          - Marketcap too high for now
BLU   BlueCoin    - Blockchain is forked, wallet crashes
BNB   BnB Coin    - ICO, only listed at Yobit, no explorer
BOD   Bloodcoin    - Too new and only at Yobit, but otherwise would be good
BOLI   Bolivarcoin   Too new
BOT   Botcoin    - Too new, delegates
BQC   BBQCoin    - No explorer?
BRE   BREAKcoin    - Too new, only listed at Yobit
BRIT   BritCoin    - No explorer, no posts for 11 months, no markets while AllCoin is down
BTB   BitBar    - Blockchain forked, Cryptsy is on a different chain from everyone else?
BTCRY   BitCrystal    - No block explorer
BTCS   Bitcoin Scrypt    - No explorer, and they're in the middle of changing the coin's name
BTE   Bytecoin    - No explorer?
BTG   Bitgem    - No explorer, only 2 pages of posts in 11 months, advertised as no premine but had instamine, 50% of total supply held in 1 wallet?
BTX   BitcoinTX    - Too much PoS rewards;  may not be the same thing as Bitcoin with a TX added
BUK   CryptoBuck    - Updating and checkpointing soon
CACH   CacheCoin    - No explorer
CAID   Coinaid    - Too many coins and 60% stake rewards
CAIx   CAIx (CaishenCoin)    - No explorer, but would be eligible if the blockchain keeps running and wallets can sync
CARB   Carboncoin    - 15 billion coins, no posts in 2 months, suspicious richlist?  Do they know that CO2 is good, plants need it to live, & all forms of life on Earth are made of carbon?
CASH   Cashcoin    - Cryptsy wallet not working for an extended length of time?
CBIT   CryptBit    - Too new, ICO, delegates, no explorer
CC   CyberCoin    - High PoS, too many coins
CCN      Cannacoin          - Marketcap too high for now
CENT   Pennies    - High PoS, trillions of coins, Keylogger virus in the wallet?
CF   Californium    - Relatively new, no explorer, can't be withdrawn from Bittrex?
CFN   ConfessionCoin    - Might be eligible if it was listed on any exchange
CGA   Cryptographic Anomaly    - Would be eligible with a working block explorer
CGN   KolschCoin    - Relatively new, relatively large premine, unknown current supply, delisted from C-Cex?
CHA   Chancecoin    - No block explorer
CHAO   23 Skidoo    - Unknown current supply, is crazy
CHIP   ChipCoin    - Too new
CINNI   Cinni    - No explorer, coins converted to Stakecoin but Cryptsy still selling the old coin
CIRC   CryptoCircuits    - Too new
CLR   Copperlark    - No explorer, may be too heavily manipulated by pumpers, only 5 pages on the ANN in over 2 years
CLV   CleverCoin    - Maybe when it's a little older and dev is less likely to hold significant percentage of premine
CNC   CHNcoin    - First block halving is still over 2 years away, too many coins
CND   CannabisDark    - Delisted from all exchanges?
CNL   ConcealCoin    - No explorer, bitcointalk topic hasn't had a post for 11 months
CNO   Coin(O)    - Unknown current supply, no block halving, 2% premine still held by devs?
COL   Colossuscoin    - Not an actual cryptocurrency?  Only held at Cryptsy, no blockchain, cannot be withdrawn, and coin has been re-launched as CV2?
COMM   CommunityCoin    - No explorer
CON   PayCon    - High PoS
COOL   CoolCoin    - Block explorer hasn't moved in over a month, network not running?
COV   Coven    - No explorer, only at Yobit
CPC   Capricoin    - Too new, crazy premine held by devs at Bittrex, ANN still hasn't made it to Page 2
CPN   CompuCoin    - Delisted from all exchanges?
CRACK   CrackCoin    - No explorer
CRC   CraftCoin    - No block explorer
CREVA   CrevaCoin    - ANN topic barely has 1 page of responses, unknown total supply, apparent huge premine & instamine?
CRT   CRTCoin    - No explorer, only traded on its own exchange Nix-e?
CRY   CRYcoin    - Unknown current supply, no block explorer
CS   CryptoSpots    - Relatively new, no explorer, wallet problems, confusing distribution scheme, delegates, Yobit
CTM   ContinuumCoin    - No explorer, too many coins?
CV2   ColossusCoinV2    - High PoS
CYP   Cypher    - Currently under community takeover, dev is holding the coin for ransom and demanding 2.5btc?
CZC   CzechCrownCoin    - Explorer says last block is 5 months old, 50% premine, no posts in 8 months, different coin from CZE CzechCoin
DBL   Doubloons    - No explorer, blockchain problems?
DCR   DeltaCredits    - Too new, devs are supposed to buy them all back and burn them anyway
DETH   DarkEther    - Admitted “Ninja Launch”
DIBS   Dibbits    - Too new
DICE     NeoDICE         -  - Marketcap too high for now
DIEM   CarpeDiemCoin    - Explorers are down, will check back later
DIG    Digit     - No explorer, no exchanges
DIGS   Diggits    - 100% premine ICO, dev bought all coins himself, traded with himself for volume, then dumped from .05BTC to .00000025?
DIME   Dimecoin    - No explorer, too many coins
DON   Donationcoin    - No explorer, but otherwise might be a good Wild Card
DOPE   DopeCoin    - NSFW, promotes illegal activity?
DOT   Dotcoin (KimDotCoin)    - High block reward, too many coins yet to be generated
DP   DigitalPrice    - No explorer, 25% daily interest?
DRKC   DarkCash    - No explorer, only 1 post in 11 months
DRKT   DarkTron    - Too new, no block explorer  
DRS   Denarius    - No explorer, delisted from all exchanges
DRZ   Droidz    - New, ICO, over half of total supply in 5 addresses
DSB   DarkShibe    - No block explorer
DSH   Dashcoin    - Cryptonote coin, no QT wallet, burn addresses don't work
DT   DarkToken    - 2% PoW, 98% premine, and no explorer
DTC   Datacoin    - No explorer, only at Bter, no forum posts in over a year
DTC   DayTraderCoin    - No explorer, very little forum activity ever?
DUB   Dubstep    - Too new, ICO, no explorer, no wallet available for download?
DUCK   DuckDuckCoin    - No explorer, already delisted from all exchanges?
EBS   EBOLAShares    - Network broken, coins can't be sent?  No explorer anyway.
ECC   ECCoin    - Too many coins?  (19 billion)
EGG   Eggcoin     - No explorer, increasing block rewards instead of decreasing, delisted from all exchanges?
EKN   Elektron    - No explorer
ELP   ElephantCoin    - Unknown current supply
ELT   Electron    - Delisted from all real exchanges, but has an explorer and otherwise might be good
ENRG     Energycoin       - Marketcap too high for now
EPY   Empyrean    - Borderline too new, already delisted except at Yobit, and no block explorer.  But otherwise would be a good candidate, 100% PoW, no premine, low block reward and very low supply.
EQM   Equilibrium    - No explorer, no exchanges
ERM    Ermiscoin    - 100% premine ICO, no explorer, blockchain problems, and delisted from exchanges
EUC   Eurocoin    - No explorer, no posts in 18 months
EXC   Extremecoin    - No explorer
EXCL   ExclusiveCoin    - No explorer, blockchain issues, update/big news coming
EXE   Execoin    - No explorer, wallet and blockchain problems, mining is being exploited out of control
EXP   Expanse    - Too new
EZC   Ezcoin   No block explorer, but otherwise might be eligible for burn redemption
FAIR   FairCoin    - Marketcap higher than we can afford for now?
FETISH   Fetish    - Need clarification on whether this coin has been merged with BDSM;  it's still listed and traded separately?
FFC   FireFlyCoin    - 2 explorers, but unknown current supply
FIC   Full Integrity Coin    - 1.44 Million coins generated every day
FIMK   FIMKrypto    - NXT clone, normal burn addresses won't work, only traded at CCEDK
FIST   FistBump    - Too new, no explorer, only listed at Yobit, no connections/dead network?
FJC   FujiCoin    - Not sure, any opinions?  Lots of coins,small but dedicated group participating on forum, 50% of coins in top 4 addresses, hashrate and difficulty may be exploited despite Kimoto's Gravity Well?  
FLAP   FlappyCoin    - Explorer works, but probably too many coins and too many still being generated
FONZ   Fonziecoin    - No exchanges?
FRDC   FreedomCoin    - Too new, only at Yobit
FRC      Freicoin          - Marketcap too high for now
FRSH   FreshCoin    - No block explorer
FSC2   FriendshipCoin2    - Only listed at Bittrex (constantly subject to delisting) and Bittrex distribution chart shows that it's mostly held by 1 person
FST   Fastcoin    - Lots of wallet/blockchain problems
FUNK   Cypherfunks    - High block reward, 1 billion per year
FUTC   FutCoin    - Current supply 5.9 million, premine 2.4 million
GAIA   GAIA    - Just delisted from Bittrex?  No exchanges?
GB   GreenBacks    - Blockchain forked?  Cryptsy wallet offline for months?  No posts in 90 days
GCN   Gcoin    - Too many coins?  Billions of coins stolen/lost at askcoin.net?
GDC   GrandCoin    - Too many coins?
GEN    Genstake    - Too new, already had a takeover
GENI   Geniuscoin    - Only at Yobit, blockchain problems, million coins per day & half go to masternodes?  
GHC   GamerholicCoin    - No explorer, not much posting activity, some controversial accusations
GIVE   GiveCoin    - No explorer, currently planning its own coin exchange
GLYPH   Glyph    - No explorer, but listed at Cryptsy and 2,295,268 coin supply?  Do wallets still work?
GME   GameCoin    - Dead?
GOOD   GoodCoin    - Already delisted from all exchanges, and no block explorer
GP   GoldPieces    - Explorer about to expire, Bittrex about to delist?
GRAV   Graviton    - Borderline too new, might be eligible if there was a working block explorer
GRE   Greencoin    - No explorer, no exchanges?
GREXIT   Grexit    - Too new, no block explorer even though it's still new and should still have support
GRF   Graffiti    - Still too new, but will be eligible if it stays listed and explorer stays running.  20,020,676 coins.
GRT   Grantcoin    - Over 99% of supply held in dev premine fund?
GSM   GSMcoin    - No explorer, something about mobile phones, only at Bittrex and under delisting notice
GSY   GenesysCoin    - Too new, only at Yobit
GUA   Guarany    - No block explorer but otherwise could be good
GUE   Guerillacoin    - No block explorer?
GUN   Guncoin    - No explorer?
HEDG   HedgeCoin    - Too new, no block explorer, delisted everywhere except Yobit
HEX   Heisenberg    - No explorer, too many coins, Million-coin superblocks
HIRO   Hirocoin    - No block explorer, too many coins generated with no halving
HLC   HellasCoin    - Website has fake virus popup attack.  And no markets and no explorer.
HNC   Helleniccoin    - Claims to be legal tender in Greece?  Controversial?
HTML5   HTMLCOIN    - No explorer, too many coins
HUC   Huntercoin    - No explorer, supposed to be human-mined but mined by bots?  Is the game fun?
HUGE   BigCoin    - High block rewards
HUN   Hundredcoin    - Huge premine, block rewards never decrease, could be eligible if we run out of coins to burn
HZT   HazMatCoin    - Dead, no wallet?  No exchange except Yobit, no activity
IBITS   iBITS    - Too new
ICASH   iCash    - New, only at Yobit, Marketcap too high for now
ICB   IcebergCoin    - At least one keylogger virus found in the wallet;  may be only the tip of the iceberg.  (Dev account was hacked?)
ICN   iCoin    - No explorer, only at Yobit?
IEC   Ivugeo Evolution Coin    - Backed by gold, centrally controlled?  Markets heavily manipulated?  
INFX   Influxcoin    - Too new but might be good when it's older
IRL   IrishCoin    - Too many coins still being generated, first block halving is still months away
ISL   IslaCoin    - Too new, might be eligible later
ISR   Isracoin    - No explorer, no active markets
IVZ   InvisibleCoin    - Too new, ICO/premine, no explorer
JKC   Junkcoin    - No explorer, no posts on ANN for over 2 years?
JUDGE   Judgecoin    - No explorer, your honor
KARM   Karmacoin    - Too many coins  
KDC   KlondikeCoin    - No explorer but otherwise suitable
KNC   KhanCoin    - Too new, no available information, no posts in 2 months, centrally controlled?  7,800,000,000 premine but only “59,000 available supply”?
KTK   Kryptkoin    - Delisted from all markets, no explorer
KUMA   Kumacoin    - No explorer, only listed at monatr.jp?
LAB   Coinworkscoin    - No explorer, no bitcointalk ANN?  Wallet and blockchain problems?
LDOGE   LiteDoge    - New, too many coins
LEA   LeaCoin    - Relatively new, too many coins still being generated
LEAF   LeafCoin    - No explorer
LEO   LEOcoin    - Only traded at its own exchange, no bitcointalk ANN
LFO   Local Family Owned    - Too new, 10% premine plus 4 days of instamine before bitcointalk ANN.  And no explorer.
LGD   LegendaryCoin    - Delisted from Cryptsy because of suspected hidden coin generation?
LIMX   LimeCoinX    - Too many coins, no block halving?
LIT   Lightcoin    - Delisted from all exchanges, explorer doesn't work, name is too original
LSD   Lightspeed    - No explorer, only 2 posts in the past 12 months
LTB   LiteBar    - All 3 block explorers are down, would be eligible with an explorer
LTD   LimitedCoin    - No explorer, only at Yobit, only 64 coins
LTS   LiteStarCoin    - No explorer
LXC   Librexcoin    - Famous for being heavily manipulated, too many coins may be held by devs or pump groups?
LYC   Lycancoin    - Too many billions of coins being generated with no reward halvings anytime soon
M1   Supply Shock    - No explorer, no exchanges
MACRO   MacroCoin    - Too new
MAD   SatoshiMadness    - Too new, too many coins, only at Yobit, but has a really fun comic book in the ANN
MAPC   MapCoin    - Too new
MARYJ   MaryJane    - Explorer hosting expired, seems to have active development and community involvement, so possible low participation for burn redemption.  Possible for a Wild Card.
MCN   MonetaVerde    - Cryptonote so burn addresses won't work, no posts in over a year, explorer says total coins 462,000 but there are 1.8million on market at Poloniex
MCZ   MangoCoinz    - No explorer, is listed on a fake exchange, has a “z” at the end
MED   Mediterraneancoin    - No explorer
MEM   MemeCoin    - No block explorer
MEOW   Kittehcoin    - No explorer
MMC   Memorycoin    - Explorer shows no blocks being found, no posts in 5 months, controversial
MNC   Mincoin    - No explorer
MNE   Munne    - Undecided, any opinions?
MNTA   Moneta    - No explorer, but would be eligible otherwise
MOTO   Motocoin    - Generates too many coins, designed to be human-only mined, but mined by bots?
MRC   microCoin    - Owned by the Alcurex exchange?
MRS   Marscoin    - Explorers can't find active connections?  Explorers still haven't been to Mars?
MTLMC3   Metal Music Coin    - Official explorer has 0 connections, Cryptopia explorer has 5.  Forked?
MTR   MasterTrader    - Only about 1% of supply is publicly available, successfully 51% attacked?
MWC   MultiWalletCoin    - Multiple coins held in the same wallet, will regular burn addresses work?  Probably, but we need to make sure
MYR      Myriad          - Marketcap too high for now
MYST   Mysterycoin    - High PoS, no explorer
MYSTIC   Mysticoin    - Too new, only at Yobit
MZC      Mazacoin         - Marketcap too high for now
NAN   Nanotoken    - No block explorer, dead?
NBL   Nibble/Nybble    - No block explorer
NEC   Neocoin    - No block explorer
NIRO   Nexus (Coinshield)    - There's a link for an explorer, but it doesn't have an explorer there?
NKA   IncaKoin    - Too many coins, 100% stake interest
NMB   Nimbus    - No block explorer, dev was robbed by bandits in Brasil
NOBL      Noblecoin          - Marketcap too high for now
NOC   Nocturna    - Too new
NODE   Node    - Explorer down, wallet sync problems or blockchain stalled?
NRB   Noirbits    - No explorer, 6 different ANN topics, impossible to know what's going on
NRS   NoirShares    - No explorer
NTR   Neutrino    - No explorer, no markets?
NTRN   Neutron    - Borderline too new, High PoS, too many coins still being generated, already had a take-over, 3 different ANNs in 3 months
NXE   NXE    - Relatively new, no block explorer, dead markets
NYC   NewYorkCoin    - Explorer down, too many coins
O2O   020LondonCoin    - Too many coins?
OK   OKCash    - High PoS
ORO   ORObit    - No explorer, no markets, no bitcointalk ANN?
OSC   OpenSourcecoin (Ocoin)    - No explorer
OZC   Ozziecoin    - Country coin, Huge premine/ICO, over 50% of supply still being sold and called free distribution
P7C   P7Coin    - Bitcointalk ANN deleted because of virus in the wallet?  No explorer, only sold at Yobit
PAK   Pakcoin    - Too new
PARA   ParanoiaCoin    - Too new, unknown current supply/premine percentage, no explorer except at C-Cex
PHO   Photon    - No explorer, no real exchanges
PHR   Phreak    - Too new, no exchanges?
PLANET   Planetcoin    - Relatively new, no block explorer, only listed on Yobit and no volume
PLC2   Polcoin    - Does have an explorer in Polish, but only listed at its own exchange Bitorado?
PLNC   PLNcoin    - No explorer, only listed at Bitorado
PLS   PLAY    -  Some kind of BitShares thing, problematic distribution
PMP   PreminePlus    - Has an explorer, 1,106,193 supply, but delisted from all exchanges
POLY   Polybit    - Too new, huge premine/ICO, already delisted from all exchanges
POP   PopularCoin    - Too many coins?
PR   Prototanium    - Too new
PRIME   PrimeChain    - Advertised less than 500 coins created per day, over 3 million supply after 3 months?
PRT   Particle    - No explorer, only at Bter
PSEUD   PseudoCash    - No explorer, no posts for 12 months?
PTC      Pesetacoin          - Marketcap too high for now
PURE   PurePOS    - ICO, unlimited 75% interest
PXI   Prime-XI    - Official explorer link goes to some kind of popup advertisement stuff
PXL   Phalanx    - No explorer, only at Yobit
PYC   Paycoin    - No explorer, hard to find connections?
QB   Quarkbar    - No explorer, not listed on any exchanges
QCN   QuazarCoin    - Cryptonote, no posts in 12 months, only at HitBTC
QTL   Quatloo    - No explorer?  The devs pride themselves on being the greatest, most successful gamblers in the universe?  They compete for everything: power, fame, women, everything they desire, and it is their nature... to win?
RBBT   RabbitCoin    - Forked?  Cryptsy wallet offline?
RBR   RibbitRewards    - Centralized, requires user identity?
RBT   Rimbit    - Controversial, too expensive anyway
RIN   Ringo    - No explorer
RIPO   RipoffCoin    - May be a ripoff
RMS   Resumeo Shares    - In the middle of some development project, they accept RMS to produce video resumes
ROS   RosCoin    - No explorer, already in the middle of a coin swap to Flycoin?
ROX   ROXcoin    - Blockchain doesn't work at all, can't send coins?
RPC   RonPaulCoin    - Almost no forum activity, possible blockchain problems?
RT2   RotoCoin    - No explorer, but otherwise might be eligible
RZR   Razor    - Would be a great coin for swap if there was a working explorer
S.A.T.2   Saturn2Coin    - No explorer
SAK   Sharkcoin    - 12.5% premine, current supply unknown?  $1 Million daily volume at “jubi.com”, but $0.00 at Cryptopia and Yobit?
SANDG   Save and Gain    - Too new, not sure if it would be eligible anyway
SC   SmartChips    - New, no explorer
SDP   SydPak    - Too new, no explorer
SFR   SaffronCoin    - No explorer
SHA   SHACoin    - Unknown current supply
SHADE   ShadeCoin    - No explorer
SHELL   ShellPay    - No explorer, no available website or any information/downloads, only listed at Bter
SHF   Shift    - Too new, no explorer?  Ethereum fork – will burn addresses work?
SHIBE   ShibeCoin    - No explorer
SHLD   ShieldCoin    - No explorer, hard to find connections, coins at Bittrex were forked and lost?  (According to devs?)
SILK   Silkcoin    - Already burning coins in exchange for DarkSilk  Already swapping for new SILK
SJW   SJWCoin    - Too new, too many coins still being generated
SKB   SkullBuzz    - Borderline too new, high PoS, no explorer
SLFI   Selfiecoin    - No explorer, only at Yobit
SLG   Sterlingcoin    - 42,000 coins orphaned at Bittrex after being confirmed for 30 days?
SLING   Sling    - Still in development for decentralized in-wallet exchange
SMBR   Sembro Token    - Blockchain forked, Yobit on a different fork from Bittrex, no posts in 30+ days
SNRG   Synergy    - Too new, high PoS
SOL   Solcoin    - No explorer, no exchanges
SOLE   Solecoin    - No explorer, no posts for 10 months
SONG   SongCoin    - Opinions?  Community still very active?  Blockchain problems?
SPA    SpainCoin    - No block explorer?
SPACE   SpaceCoin    - Too new, huge instamine, no explorer
SPC   SpikesPrivateCoin    - Too new, no explorer, only traded at Yobit, 200% annual interest
SPEC   SPEC    - Too new
SPHR   Sphere (ChronoSphere)    - New, very little forum activity ever, controversial
SPR      Spreadcoin         - Marketcap too high for now
SPT   Spots    - No explorer
SRC      SecureCoin          - Marketcap too high for now
SSV   SSVcoin    - No block explorer, block rewards never decrease
STC   Starcoin    - Too new (September 2015 coin called Starcoin)
STHR   Stakerush    - Too new, ICO, only listed at Yobit, 100% interest stake rewards
STK    StakeCoin    - Not listed at any exchanges, blockchain problems
STR   StarCoin    - Would be eligible with a working block explorer
SUPER   SuperCoin    - a MultiWalletCoin coin, will regular burn addresses work?  Probably will, but we need to be sure
SWIFT   BitSwift    - Too expensive
SWING   Swing    - Too new
SYNC   Sync    - No explorer, too expensive, supposedly backed by assets, would probably have low participation
TAGR   TAGRcoin    - Too new, no explorer, only at Yobit,
TAK   TakCoin (TakeiCoin)    - No explorer, block rewards never reduced?
TAM   Tamagucci/ Tamcoin    - Too new, no explorer, no posts in 3 months
TB   TeleBET    - Blockchain isn't moving, no exchanges
TCO   TacoCoin    - No explorer, delisted from all exchanges
TENNET   TenneT    - Too new, no block explorer  
THC   HempCoin    - No explorer, may be swapping to Ethereum platform
TIT   Titcoin    - NSFW
TIX   Tickets    - No explorer, blockchain stuck, only 3 posts in 12 months
TOR   TorCoin    - No block explorer
TRC   Terracoin            - Marketcap too high for now
TRI   Triangles    - Only works over TOR?  Probably not a problem
TRK   Truckcoin    - High PoS
TRL   Trollcoin    - Updating/hardforking soon, probably too many coins anyway
TRON   Positron    - Wallet disabled at Bittrex because the blockchain isn't moving
TTC   TittieCoin    - Not safe for work, could be sued for sexual harrassment for offering these coins
TTY   Trinity    - Has a limited block explorer at Cryptopia but would need accurate figures for total supply
TuringCoin   TNG    - New, 50% premine, no explorer, delisted from all exchanges
TX   TransferCoin    -  Too new, no explorer, dev account hacked?  Already had a takeover
U    Ucoin    - No explorer
UFO   UFO Coin    - No explorer
UNC   UNCoin    - New, ICO/premine, no explorer, no bitcointalk ANN
UNIT   Universal Currency    - Relatively new, very little forum activity, explorer says last block is 7 days old
URC   Unrealcoin    - Relatively new, no explorer, delisted except for Yobit
URO   Uro    - We don't have enough urea to swap for these coins
USDe   USDe    - Too many coins?  Connection problems, are there problems withdrawing from Cryptsy?
UTC        UltraCoin          - Marketcap too high for now
UTIL   UtilityCoin    - No explorer, heavy criticism
VCN   Vcoin    - Borderline too new, but we could probably do it if it was requested
VDO   Vidio    - No explorer
VEC   Vector    - Too new, ICO, delegates
VERSA   Versa    - Delisted from all exchanges?
VGC   VegasCoin    - No block explorer
VMC   VirtualMiningCoin    - No explorer, only listed at Bittrex and may be delisted soon
VOL   VolumeCoin    - Too new and the block explorer is already down
VTR   vTorrent    - No explorer?
WKC   WankCoin    - Delisted from all exchanges
WOP   WorldPay    - Too new, huge premine, ICO, no block explorer even though it's new, and block rewards increase instead of decrease
XBS   BitStake    - Involves a centralized service which has been shut down, and was run by people in Nigeria, and involves bank transfers with Nigerian bank accounts?  Also no explorer.
XCE   Cerium    - Too new, no explorer, already delisted from all exchanges
XCH   ClearingHouse    - No block explorer
XDQ   Dirac    - No explorer, but XDQ would be a good coin to spend at Dairy Queen
XEMP   EmpoCredits    - Too new, only traded at its own exchange?
XFC   Forevercoin    - Too expensive, no explorer, too many coins
XGR   GoldReserve    - No explorer, no exchanges
XLB   Libertycoin    - Official explorer link has tranny porn;  explores gender roles, but not the blockchain
XMG      Magi          - Marketcap too high for now
XNC   XENcoin    - No block explorer, dead?
XPB   Pebblecoin    - No explorer, cryptonote coin so burn addresses aren't possible?
XPH   Pharma    - Specs unavailable, too high inflation/PoS rewards
XQN   Quotient    - No explorer, recent community takeover, users have informally voted against BARR exchange
XRA     Ratecoin         - Marketcap too high for now
XSEED   BitSeeds    - Too much premine
XST      Stealthcoin          - Marketcap too high for now
XUP   Upcoin    - Too new, no block explorer, no exchange except Yobit, questionable ICO/cloudmining scheme, dev was supposed to burn coins but used a fake burn address and spent them?
XVI   Vibranium    - Too new, explorer is down, High PoS masternodes
XWT   World Trade Funds (WTF Coin)    - No explorer?
XXX   XxXcoin    - NSFW
YAC   Yacoin    - Explorer offline?
ZED   Zedcoin    - Blockchain is forked beyond all recognition
ZNY   Bitzeny    - Very little forum activity, explorer doesn't show current supply
ZOOM   Zoom    - Too new, but otherwise could be eligible in the future
ZS   ZimStake    - No explorer, no exchanges?
$MINE    InstaMineNuggets      - Over 50% of current supply is premine   
$MINEW   InstaMineNuggets Class A    - Premine is about 50% of current supply?  Or is that only for the other InstaMineNuggets coin?   
$MINEZ   InstaMineNuggets Class B    - Premine is about 50% of current supply?  Or is that only for the other InstaMineNuggets coin?  
$$$       Money        - Problems finding connections?  Very little forum activity, no active exchanges?















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Please let us know if any of our information is incorrect, or if you think one of these coins should be reconsidered for burn redemption.  
Most of our information comes from CoinMarketCap, Bitcointalk, and Google searches, but we can easily miss a coin being listed at another exchange, a new block explorer, or other important information that could change a coin's eligibility status.

CoinMarketCap has removed coins that are only listed at AllCoin, because AllCoin is offline (hopefully it's temporary).  So, again, this information is constantly changing.

[BARR_Official]

Can you burn BARR for BARR?

In the future, if we swap to a different platform, you will be able to burn BARR for BARR.

For now, burning BARR by sending it to the Burn Fund is how you can earn OFFS Altcoin Offset Credits. 
Details available at https://bitcointalk.org/index.php?topic=1233350

[BitcoinNational]

good job BARR!

I like the eligible list it is a good start.  Wild Card coins look sound too.

Some of the 'Ineligible' I disagree.  But that was a massive amount of research and 95% correct and matches with my understanding/research.

Will dispute later   and it is only in regard to less than 5-7 coins on the 'Ineligibles'.

---
This is an inventive new concept.  And in terms of long term vision I hope the foundation of a DAC that stewards and helps maintain some of the coins that respond well to burns.  For now it is an experiment but has the potential to add value to the crypto-space.

[BitcoinNational]

Step #3:  After you have burned your altcoins, message us again with a copy of your previous message, and add the transaction ID of your send to the burn address.

This allows us to verify on the blockchain that you have actually sent that amount of coins to the burn address.
Telling us before you do it will prevent anyone else from watching transactions and claiming that your burned coins came from them.
There is no way to prove who sent an unclaimed transaction, and any disputed or unclaimed burn transactions may not be redeemed if we cannot determine who burned the coins.  So message us and claim your coins before you send them.
If you split your coins into multiple smaller transaction IDs, we will wait until all transactions arrive at the burn address and verify that they add up to the total amount you had requested.

small note ... if there was a dispute someone could just sign a message or send an amount from the address to 'prove' they hold the key/rights.

[BARR_Official]

small note ... if there was a dispute someone could just sign a message or send an amount from the address to 'prove' they hold the key/rights.

Good point.  Unfortunately I think a lot of these coins will be sent from exchanges, in which case that wouldn't work.


As to the ineligible coins, being on that list doesn't mean it's a bad coin.  It just means it won't work for burn exchange - maybe because there's no block explorer, or maybe just because there's no chance of destroying the supply because high mining rewards are still ongoing.  Of course if a coin's marketcap is too high we won't be able to burn it, so being eligible for burn is a separate issue from being a good coin.  And a large premine doesn't necessarily disqualify a coin, unless it's likely that the premine is still mostly held by the devs.  We want to give BARR to crypto holders, not reward scammers for hodling their own premine.

But we definitely need feedback on anything we got wrong, because we are going to need a lot of coins to burn.  

[TomVelvetPaws]

All I got to say for now is WOW I will read more closely but i love the idea.It helps all crypto really
A novel idea

Edit:Because my A key sticks im sorry

[sorrros]

Hi guys,

I believe the exchange rate of XAI is too favorable according to the real coin prices in the market.
It should be .5 BARR per XAI to be fair with KEY and FRAC. Can you pls update this before Nov 1st?

[zodiac3011]

I really love your concept of burning coins. Especially multi proof of burn, this will lower the price of others coin and increase the price of BARR considerably. However, I think that based on NXT which is a currency got quite big blockchain right now will slow down the amount of user who hates waiting for things to sync

[souljah1h]

Could you add this coin to the list? https://bitcointalk.org/index.php?topic=562481.0 still have a lot of them

[hybridd]

I literally made an account on this forum (finally) just to point out the obvious scam in all of this:

So you're proposing burning a coin and receiving credit for burning in BARR, however this means eventually BARR is going to have some value on the asset exchange. That is 1 BARR = x units of NXT.

Since you control the supply of BARR, what is honestly preventing you from when x hits some desirable rate that you just don't dump a huge chunk of your BARR onto the market, make a nice profit and walk?

Also, lol the fact that you're doing this manually, this honestly wouldn't take more than a day or two to automate, since people can attach messages to transactions they could put their NXT address / pub key in the message field, submit the coins to the burn addresses listed and you have a worker bot that pays them out automatically -- literally a day of coding tops.

tl;dr
obvious (eventual) scam, dev probably doesn't know jack about coding

-- edit: this post will probably get deleted too, but op deleted the post where I called out his bullshit in technical details, oh well.

[BARR_Official]

Hi guys,

I believe the exchange rate of XAI is too favorable according to the real coin prices in the market.
It should be .5 BARR per XAI to be fair with KEY and FRAC. Can you pls update this before Nov 1st?

KEY and FRAC both have a higher supply, and they're both cheaper than XAI.  So the price is already balanced between all 3, with approximately 500,000 BARR allocated for each altcoin.  

We can't set the exchange rate at the current price of a low-volume market, because we already know that nobody is willing to sell at that price.  So we are offering more than the current price for all 3 coins, to give holders enough incentive to sell.

KEY and FRAC have both been trading under 3000, so we're setting the exchange rate at .5 BARR (estimated at 5000).  XAI has been as low as 4000, it's still around 5000 now, and there still aren't many sell orders going through.  So we're setting the exchange rate at .75 BARR (estimated at 7500).

These rates allow us to offer an equivalent amount of BARR for the entire supply of each coin:  

1,003,590 FRAC for 501,795 BARR
945,787 KEY for 472,893 BARR
684,468 XAI  for 513,351 BARR


Does this seem fair to all 3 coins, since we're offering the same amount of BARR for each one?

[BARR_Official]

I really love your concept of burning coins. Especially multi proof of burn, this will lower the price of others coin and increase the price of BARR considerably. However, I think that based on NXT which is a currency got quite big blockchain right now will slow down the amount of user who hates waiting for things to sync

You don't have to sync a NXT client to hold or trade BARR.  Syncing a new NXT wallet can take 24 to 48 hours, but you can also use an online wallet/trade account at MyNXT.info or SecureAE.com.

[darkitecht]

I literally made an account on this forum (finally) just to point out the obvious scam in all of this:

So you're proposing burning a coin and receiving credit for burning in BARR, however this means eventually BARR is going to have some value on the asset exchange. That is 1 BARR = x units of NXT.

Since you control the supply of BARR, what is honestly preventing you from when x hits some desirable rate that you just don't dump a huge chunk of your BARR onto the market, make a nice profit and walk?

Also, lol the fact that you're doing this manually, this honestly wouldn't take more than a day or two to automate, since people can attach messages to transactions they could put their NXT address / pub key in the message field, submit the coins to the burn addresses listed and you have a worker bot that pays them out automatically -- literally a day of coding tops.

tl;dr
obvious (eventual) scam, dev probably doesn't know jack about coding

Yo did the devs actually just ignore this? i was browsing and noticed this, had to make an account just to point out how the devs tried to burry this without response...

id like to hear what they have to say, for one.

[BARR_Official]

Since you control the supply of BARR, what is honestly preventing you from when x hits some desirable rate that you just don't dump a huge chunk of your BARR onto the market, make a nice profit and walk?

As it says in the OP, a project like this isn't possible without someone running it.  There's no way to make it fully decentralized with the currently existing technology.

The Burn Fund will never sell BARR, and never send it to anyone without a txid to prove that altcoins were burned for it.  

What prevents us from dumping the Burn Fund is that we're all holders of these altcoins ourselves, and we want to exchange them for something valuable.  If we wanted to dump them, we'd dump them now and not bother exchanging them for BARR.  But it's true that it could possibly happen if we were dishonest, which is a limitation of the project.  As time goes on, and more BARR is fairly distributed to many people, then the risk will grow less and less as there will continually be less BARR in the Burn Fund, and as we build a track record of honestly handling the accounts.

If we begin to behave like BanxShares and break all our promises, act without transparency, give ourselves millions of free coins, double the supply after promising not to, and lie to the public, then you will have a legitimate complaint.  

(Actually we can't double the supply because it's fixed, and we can't do anything without people being able to see it, because the NXT platform is decentralized and transparent)

Also, lol the fact that you're doing this manually, this honestly wouldn't take more than a day or two to automate, since people can attach messages to transactions they could put their NXT address / pub key in the message field, submit the coins to the burn addresses listed and you have a worker bot that pays them out automatically -- literally a day of coding tops.

tl;dr
obvious (eventual) scam, dev probably doesn't know jack about coding

Are you a good enough coder to guarantee 100% that there will never be any errors?  Then you should get a job with an altcoin exchange, because every single one of them has had problems with automated withdrawals.  We can guarantee 100% that if we accidentally overpay anyone, we will cover the error out of our own personal BARR earned by burning our own personal altcoins.  

Plus, because everyone is sending to the same public burn address, it doesn't work the same as a normal automated process that generates a new address for each transaction.  If someone wants to verify the validity of the burn address and/or check all the transactions, they only have to check 1 address instead of hundreds.

This project is fully transparent, which means that everyone can monitor every step.  If we try to run away with the funds, anyone else can re-launch it and have the exact same distribution using the same transaction IDs for burned altcoins.  In fact, you can start as soon as we start, offering your own Multi-Proof-of-Burn coin for merge-mining with BARR.  Just because we're giving BARR for free to everyone who burns their altcoins, that doesn't stop you from giving your own coin for free to the same people.

So if you can do it better, the good news is that you can go ahead and start right now.  





If you want to discuss it further, please come back with your real account.

i was browsing and noticed this, had to make an account just to point out how the devs tried to burry this without response...

You too?  Amazing that out of the 200 people who have viewed this topic, a full 1% of them were lurkers who created a new account to post.

And of the 8 people who have replied, a full 25% created their accounts just to post here.

And then after we didn't respond for 10 minutes, you had to create an account to point out how we tried to "bury it" for 10 minutes.  Truly a noble endeavor on your part.

Do you know what else is better when you process it manually?  Self-moderated threads.