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

[ACP]

We have burned 1,000,000 ACP, which is over 41% of the current coin supply, worth over $2,200.

We have burned 320,000 LYB, which is over 36% of the current coin supply, worth over $7,000.

I'm pretty sure people have the opportunity to burn acp for barr via sending it themselves to the burn address and messaging barr before the burn period ends, as stated in the ann.
Runpaints ACP pump has nothing to do with people wanting to burn acp it has to do with people trading as usual , no one wants barr as not one person besides runpaint has burnt AnarchistsPrime for barr which he is trying to distort via a quick pump beforehand and a claim it was traders and miners burning. All it was , was people trading . Distorting that to make the general public think that these 1 million coins where sent to the burn addy from traders and miners is just a quick way out of the legitimate scope of the post that was placed here regarding this barr burn. You have to ask yourself why not one single person has burnt ACP outside of runpaints pump three weeks prior. No one wants to do it, they want to trade as usual , but to directly burn to barr. It just isn't happening. Not one person.


http://www.anarchistsprime.info/

[BARR_Official]

We sent all 1,000,000 coins in a single transaction, as you know.  

It is clear to everyone that we burned those coins, and that they were dumped to us by ACP holders.

Most people find it easier to sell their coins to us for BTC, rather than burning their coins, exchanging for BARR, selling that BARR for NXT, and then selling that NXT for BTC.  

We did not make the claims you say in your above post, which makes you a liar.

[ACP]

We sent all 1,000,000 coins in a single transaction, as you know.  

It is clear to everyone that we burned those coins, and that they were dumped to us by ACP holders.

Most people find it easier to sell their coins to us for BTC, rather than burning their coins, exchanging for BARR, selling that BARR for NXT, and then selling that NXT for BTC.  

We did not make the claims you say in your above post, which makes you a liar.

You bought them outside of the exchange period and outside the exchange price, which is trade as usual. How do we not know you are collecting them at the current exchange price and using the pre pumped coins to profit off barr invesotrs/ almost buying 3:1 barr with your pre purchased ACP
as I said. Not one person has burn AnarchistsPrime other than a slow collection period over three weeks , Not one person.


http://www.anarchistsprime.info/

[BARR_Official]

You bought them outside of the exchange period

There is no "buy period".  We exchanged them within the exchange period.

and outside the exchange price

There is no "exchange price", other than 1 BARR for 20 ACP.  That is our rate, and it doesn't matter if you mined your ACP, bought it low, bought it high, or got it for free.  None of that is any of our business.  We exchange ACP.

In order to help support the price of BARR at 12,000 satoshis, we announced a target price for ACP of 600 satoshis.  Anyone who buys ACP for less than that can still exchange it for BARR.  If the price of BARR drops, then it won't be a profitable exchange. 

If you didn't want us to buy ACP below 600, you shouldn't have sold it to us. 

How do we not know you are collecting them at the current exchange price

We are still buying.  Why wouldn't we?  You might not buy ACP, but that doesn't make it so strange for us to buy it. 

We can't just skip the sell orders at lower prices.  That's impossible.  Before we can buy at 600, someone has to buy all the coins under 600.  If nobody else buys them, we do.  That is exactly what we did, and we successfully moved the price to 600 satoshis.

and using the pre pumped coins to profit off barr invesotrs/ almost buying 3:1 barr with your pre purchased ACP

That's not how it works, and you don't seem to know what you're talking about. 

The exchange rate stays the same.

ACP traded for 60 satoshis last month, and BARR increased the price and paid up to 600 satoshis. 

Everyone else was free to buy ACP at any price before we did, and they are free to buy it much cheaper right now than what we've been paying. 

Are you going to tell everyone to stop buying, because it's not fair for them to buy cheaper than what we bought? 

Not one person has burn AnarchistsPrime other than a slow collection period over three weeks , Not one person.

And not one person has a buy order for ACP above 187 satoshis right now.  Not even you.  At least we at BARR buy our own coin, making the number of active buyers more than 0.

[ACP]

I didn't have an issue with you guys until you started to hijack our thread and further agitate one of the team members today in ccex trolbox





http://www.anarchistsprime.info/

[BARR_Official]

Update from the extortionist:

!!! WARNING: This user is a newbie. If you are expecting a message from a more veteran member, then this is an imposter !!!

lol, are you going to attack bitcointalk.org too? 

not for 0.01BTC

[chrysophylax]

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  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
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  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  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  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
      


————————————————————————

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

————————————————————————


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.  

hi ...

why is granite on the burn list - and why would you want to burn any of the grn coins? ...

i have been supporting and solidifying the existence of the infrastructure and network since i took over almost two years ago - and have been heavily developing and increasing the network stability over the last few months by committing my time and effort full time ...

if you want to burn any of the coins - i would be happy to buy them all back at the current rate - and put them back into our official pool for the bonuses that our pool provides for the miners that mine there ( http:grn-pool.granitecoin.com ) ... either that - or donate them back to the pool so that those that WANT the coins - can get them ...

much more will happen to the granite ecosystem - and much more is being currently done ...

burning coins that exist for the network and for the granite ecosystem is nonsensical in my mind ... especially when the network is currently very much alive ...

im contactable via various ways - all of which can be found here - https://bitcointalk.org/index.php?topic=718939 - if you wish to contact ...

#crysx

[gjhiggins]

We believe that the altcoin market is stuck in a fatal loop;

I don't recall ever seeing any evidential support for this claim, did I miss something?

Cheers

Graham

[stereotype]

We believe that the altcoin market is stuck in a fatal loop;

I don't recall ever seeing any evidential support for this claim, did I miss something?

Cheers

Graham

The conversation what role alts actually play, has so far only been along the lines of "it can do things that Bitcoin cant" or "its a test-bed for Bitcoin" etc. To some degree those claims are valid, but how many alts does it really need to carry out those so-called benefits and alternative ways of doing things with the blockchain? Surely not 500+ can all be for the benefit of exploring different uses of blockchain tech. That just cant be true. So somewhere, a large part of creating yet another shit-coin, is for either self-enrichment, or, just because you can, or, a deluded self belief that you have 'the one', or vanity etc. In all these cases, its not only wasting resource, its plain to see its also self-destructive, ultimately.      

[BARR_Official]

hi ...

why is granite on the burn list - and why would you want to burn any of the grn coins? ...

i have been supporting and solidifying the existence of the infrastructure and network since i took over almost two years ago - and have been heavily developing and increasing the network stability over the last few months by committing my time and effort full time ...

if you want to burn any of the coins - i would be happy to buy them all back at the current rate - and put them back into our official pool for the bonuses that our pool provides for the miners that mine there ( http:grn-pool.granitecoin.com ) ... either that - or donate them back to the pool so that those that WANT the coins - can get them ...

much more will happen to the granite ecosystem - and much more is being currently done ...

burning coins that exist for the network and for the granite ecosystem is nonsensical in my mind ... especially when the network is currently very much alive ...

im contactable via various ways - all of which can be found here - https://bitcointalk.org/index.php?topic=718939 - if you wish to contact ...

#crysx

Thanks for letting us know.  We try to avoid burning coins if it doesn't look like there will be much participation from the coin's holders.

But if a majority of holders would rather exchange their coins for BTC or BARR, then we can give them that opportunity.  If everyone else burns their coins while you keep yours, then your coins have become rarer and potentially more valuable.  

To answer your question, the reason Granite is on the list is only because it meets our requirements, and because it would be possible for BARR to exchange up to 100% of all Granite coins.  It doesn't mean Granite is a bad coin, and in fact being on our list means it's doing better than many other coins.  

The answer your other question, the reason we would want to exchange Granite coins would be to allow Granite holders a way to trade their coins that they may not be able to trade in the current depressed and low-volume markets.

[BARR_Official]

We believe that the altcoin market is stuck in a fatal loop;

I don't recall ever seeing any evidential support for this claim, did I miss something?

Cheers

Graham

Are you asking for evidential support of our personal beliefs?  

We can't see the future, and we can't prove what will happen.  But the fact that there are too many altcoins is self-evident, and is further shown by the fact that new altcoins are being launched every day while the market fails to support the existing altcoins which are dying every day.

We believe that the cryptocurrency market has arrived at a point of saturation similar to the video game market prior to the crash of 1983.  

There are so many inferior offerings that the few worthwhile offerings are not only obscured, but in fact diminished.  

It's one thing to walk into a store, see 1,200 Atari cartridges, and then make an educated decision to buy the 3 most expensive ones because they are likely to be worth the higher price.  But it's a different story when the glut of cheap games actually makes the entire Atari market less valuable.  An Atari's only value is that it can play Atari games - if all the games suck, then the Atari sucks.  If there's a 90% chance that any game you buy will suck, and you won't know until after you've paid for it, then approximately 100% of buyers will eventually feel ripped off.  Probably multiple times.  

People stop buying, and there is less money in the market to develop the good projects.  Now even the best ones aren't as good.

Bitcoin is used every day to buy altcoins.  It's one of the primary uses for Bitcoin.  Approximately 100% of people who take their bitcoins and go shopping for altcoins will eventually feel ripped off.  And, to non-Bitcoin users - the other 7 billion people on the planet - what is the difference between Bitcoin and Altcoins?  Nothing.

But it's worse than that.  Most altcoins users think they're gambling on a zero-sum game - they think altcoins are all scams, and they want to be the ones profiting from other people's losses.  Then, when it's all tallied, they think the same amount of money will exist, with more of it in their pockets and an equal amount missing from someone else's pockets.  

But they are wrong;  it's not a zero-sum game.  Capital can be destroyed.  People are pumping money into cryptocurrency, and that money isn't guaranteed to continue existing in any form.  Altcoins die, and there is less money available in the world.  More specifically, there is less money available in the crypto world.  

Ethereum raised $18,000,000, but they only spent $9,000,000.  Now they're broke.  Where did the other 9 Million Dollars go?  They didn't steal it, or hide it, or waste it.  It just stopped existing.

When we say altcoins are stuck in a fatal loop, we're talking about capital destruction.  How many millions of dollars of value did the top 99 cryptocurrencies lose when Bitcoin recently jumped up for a few days?  And after Bitcoin came back down, those altcoins did not recover.  That value doesn't exist anymore, not even for the people who dumped and held their bitcoins.  

There isn't enough new money coming into cryptocurrency to make up for the money that is being flushed down the altcoin toilet.  That's why we're preserving as much of that capital as we can.

[BARR_Official]

The conversation what role alts actually play, has so far only been along the lines of "it can do things that Bitcoin cant" or "its a test-bed for Bitcoin" etc. To some degree those claims are valid, but how many alts does it really need to carry out those so-called benefits and alternative ways of doing things with the blockchain? Surely not 500+ can all be for the benefit of exploring different uses of blockchain tech. That just cant be true. So somewhere, a large part of creating yet another shit-coin, is for either self-enrichment, or, just because you can, or, a deluded self belief that you have 'the one', or vanity etc. In all these cases, its not only wasting resource, its plain to see its also self-destructive, ultimately.      

Miners understand efficiency, latency, redundancy, profitability, and obsolescence.  Hopefully they can apply those same concepts to systems larger than a mining rig.

If two altcoins are doing the exact same thing, one of them will probably be orphaned.  Everyone who had that altcoin will get nothing. 

[gjhiggins]

Are you asking for evidential support of our personal beliefs?  

Yes, thanks for expounding, I appreciate the effort. I don't share your perspective and I was wondering whether I'd missed a trick or something but you have allayed my concerns, thank you.

Cheers

Graham

[acdc]

We believe that the altcoin market is stuck in a fatal loop;

I don't recall ever seeing any evidential support for this claim, did I miss something?

Cheers

Graham

Are you asking for evidential support of our personal beliefs?  

We can't see the future, and we can't prove what will happen.  But the fact that there are too many altcoins is self-evident, and is further shown by the fact that new altcoins are being launched every day while the market fails to support the existing altcoins which are dying every day.

We believe that the cryptocurrency market has arrived at a point of saturation similar to the video game market prior to the crash of 1983.  

There are so many inferior offerings that the few worthwhile offerings are not only obscured, but in fact diminished.  

It's one thing to walk into a store, see 1,200 Atari cartridges, and then make an educated decision to buy the 3 most expensive ones because they are likely to be worth the higher price.  But it's a different story when the glut of cheap games actually makes the entire Atari market less valuable.  An Atari's only value is that it can play Atari games - if all the games suck, then the Atari sucks.  If there's a 90% chance that any game you buy will suck, and you won't know until after you've paid for it, then approximately 100% of buyers will eventually feel ripped off.  Probably multiple times.  

People stop buying, and there is less money in the market to develop the good projects.  Now even the best ones aren't as good.

Bitcoin is used every day to buy altcoins.  It's one of the primary uses for Bitcoin.  Approximately 100% of people who take their bitcoins and go shopping for altcoins will eventually feel ripped off.  And, to non-Bitcoin users - the other 7 billion people on the planet - what is the difference between Bitcoin and Altcoins?  Nothing.

But it's worse than that.  Most altcoins users think they're gambling on a zero-sum game - they think altcoins are all scams, and they want to be the ones profiting from other people's losses.  Then, when it's all tallied, they think the same amount of money will exist, with more of it in their pockets and an equal amount missing from someone else's pockets.  

But they are wrong;  it's not a zero-sum game.  Capital can be destroyed.  People are pumping money into cryptocurrency, and that money isn't guaranteed to continue existing in any form.  Altcoins die, and there is less money available in the world.  More specifically, there is less money available in the crypto world.  

Ethereum raised $18,000,000, but they only spent $9,000,000.  Now they're broke.  Where did the other 9 Million Dollars go?  They didn't steal it, or hide it, or waste it.  It just stopped existing.

When we say altcoins are stuck in a fatal loop, we're talking about capital destruction.  How many millions of dollars of value did the top 99 cryptocurrencies lose when Bitcoin recently jumped up for a few days?  And after Bitcoin came back down, those altcoins did not recover.  That value doesn't exist anymore, not even for the people who dumped and held their bitcoins.  

There isn't enough new money coming into cryptocurrency to make up for the money that is being flushed down the altcoin toilet.  That's why we're preserving as much of that capital as we can.

Good explanation! Yes, good alts like NXT and XMR are currently obscured by hundreds of crap alts. Will grouping all these shit coins together in BARR create value though? I'm not sure; is 10 bags of garbage worth more than one bag? Just more bagholders probably, unless you create a doge sized army of BARR evangelists that is. I can't see that happening, but good luck.

[BARR_Official]

Will grouping all these shit coins together in BARR create value though? I'm not sure; is 10 bags of garbage worth more than one bag?

But we're recycling the garbage into something better.

Let's say you have an altcoin with 2 active connections, a buggy wallet that hasn't been updated in 18 months, no devs, and that could be delisted at any time so that it can't be exchanged.  Not a very bright future, and a high risk that the coin will die and leave all holders with nothing.

We redeem that coin for an equivalent amount of a coin with hundreds of active peers, constant updates, active devs, which can never be delisted as long as NXT exists.

That's why we think trading the altcoins for an equivalent amount of BARR - equivalent at current prices - gives you a greater long-term potential value than holding the altcoins.  Because those coins are only supported by a small network and a few hundred dollars in marketcap, while BARR is supported by the NXT network with millions of dollars in marketcap. 

Plus, being on NXT lets us practice what we preach as far as increasing efficiency and decreasing redundancy.  We didn't start a new blockchain, we're not competing for hashrate, and NXT users don't even have to clutter their desktop with another wallet. 

BARR has potential to grow without requiring thousands of miners to run expensive equipment 24 hours a day, while no PoW coin can ever become a major player without Chinese mining farms and all of that.  "Hello, we need a business loan of 2 million dollars.  We are outfitting a new facility with hundreds of specialized computers.  Yes, it's for IllegalDrugMarijuanaCoinz.  ...Hello?"

[ACP]

I still can't understand why Barr targeted AnarchistsPrime being we are on suchpool ,ispace mining, six other pools including dev mpos pool,steakcloud and have two websites. We currently accept acp for buying our listed computer stock. AnarchistsPrime has digishield retarg, three windows gui wallets and mac gui wallet, isnt a standard qt wallet. Have one of the fastest wallet syncs in crypto has over 9 dedicated seeder nodes has dnsseeder server for connecting peers and protecting network  . Has blackjack, wheel and dice and is on two exchanges , 7months old  and we have updated everything from user feedback and give them what they want (including secondary website with .info extention instead of .com )achieved alot. Our "coin" is aimed at activists who need to recieve funding via donations and we plan to release a database of these different causes and contact information including acp wallet addy so they can recieve these easier with transparency and also plan to have listed protests kits for redemption of acp so we can ship world wide and exchange for acp when a major rally is held. Is it because the currency isnt subject to hype,? Also on your post it looks like youve stated you burnt 100% of our coin with a line through it?

[BARR_Official]

Thanks for pointing that out, it is ambiguous as you say.  We'll change it to "Already Burned" to indicate that it is not eligible for future burns because it's already been used in a previous burn.

[BARR_Official]

The voting is over for January, and the winners are Bunnycoin and Unitus as a Wild Card.

[bhokor]

This coin is making a public service in altcoin comunity, i want to thanks to dev and coin supporters for clean the dirty on criptocoin universe, keeps the good work

[BunnyShibe]

The voting is over for January, and the winners are Bunnycoin and Unitus as a Wild Card.

Bunnycoin owners are ill-advised to use BARR since they can merely BUY/SELL Bunnycoins immediately for Dogecoin right now in a liquid market...

Value of 1 Billion Bunny Coins is approx $65 USD
https://bleutrade.com/exchange/BUN/DOGE

Why trade something of value like BUN for something worthless like BARR.

Sounds like the BARR voters were hating on a coin, much like Dogecoin was hated on.

http://www.bunnycoin.org
http://bunny-coin.com
http://www.twitter.com/bunnycoin
http://www.reddit.com/r/bunnycoin