hl5460 (OP)
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November 19, 2015, 07:01:41 AM |
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Is there an exchange rate for testnet bitcoin. I did some search but couldn't find one?
in other words, does test bitcoins has value?
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Lauda
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November 19, 2015, 07:03:30 AM |
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No, why should it have any value?
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hl5460 (OP)
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November 19, 2015, 07:31:22 AM |
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No, why should it have any value?
I can see that the testnet are quite busy: http://tbtc.blockr.io/block/list/ |
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Bitcoinpro
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November 19, 2015, 07:32:40 AM |
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No, why should it have any value?
would seem to hold more value than some of the alts |
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jubalix
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November 19, 2015, 08:14:10 AM |
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when btc goes well nova....
test net btc will likely be traded......
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Amph
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November 19, 2015, 08:27:48 AM |
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No, why should it have any value?
would seem to hold more value than some of the alts what alt? not certainly those in the first top 10-20, unless you're not talking about marketcap |
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amaclin
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November 19, 2015, 10:28:19 AM |
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No, why should it have any value? Why not? If one person wants to buy and another person wants to sell? |
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Small
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November 19, 2015, 10:31:26 AM |
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It's mostly used for testing and dev can easily reset it. There are plenty of faucet which gives out free testnet coins for testing. It's pretty much free. |
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Lauda
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November 19, 2015, 10:38:16 AM |
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Why not?
If one person wants to buy and another person wants to sell?
If we were to go by that rule, everything would have value (dead coins too?). You can find a fool to buy pretty much anything if advertised properly. It's mostly used for testing and dev can easily reset it. There are plenty of faucet which gives out free testnet coins for testing. It's pretty much free.
There's also this. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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amaclin
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November 19, 2015, 10:40:48 AM |
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It's mostly used for testing and dev can easily reset it. Reset the running network with clients, modes and miners?  Are you joking? It is not "easily" |
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LiteCoinGuy
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November 19, 2015, 10:44:05 AM |
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Is there an exchange rate for testnet bitcoin. I did some search but couldn't find one?
in other words, does test bitcoins has value?
it already happend that testnet-coins gained value but every time the testnet was resetted. |
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rich93
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November 19, 2015, 10:49:24 AM |
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Is there an exchange rate for testnet bitcoin. I did some search but couldn't find one?
in other words, does test bitcoins has value?
it already happend that testnet-coins gained value but every time the testnet was resetted. How can they have monetary value without being on an exchange? Was there some shifty exchange that had a bitcoin testnet market? It would come as no surprise to me considering some of the utterly crap alts on the worst exchanges. A reset bitcoin testnet network would probably last longer than most of their networks. Some of them are dead within a week. |
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USB-S
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November 19, 2015, 11:09:53 AM |
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Is there an exchange rate for testnet bitcoin. I did some search but couldn't find one?
in other words, does test bitcoins has value?
it already happend that testnet-coins gained value but every time the testnet was resetted. How can they have monetary value without being on an exchange? Was there some shifty exchange that had a bitcoin testnet market? It would come as no surprise to me considering some of the utterly crap alts on the worst exchanges. A reset bitcoin testnet network would probably last longer than most of their networks. Some of them are dead within a week. Well you can exchange them for bitcoin if you find a person willing to do the trade. Mostly I've seen people give away free testnet coins to anyone who wants them. But they are pretty much worthless. I guess they would be a little bit more expensive as time progresses, since testnets block halving occurs just like bitcoins and testnet coins would be hard to come by in the distant future. |
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unamis76
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November 19, 2015, 12:22:45 PM |
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TestNet coins are worthless, but useful. They are useful because they are worthless. If you will add value to them, they will be useless, therefore worthless. SourceThis is basically it  |
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Mickeyb
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November 19, 2015, 01:18:31 PM |
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Haha I bet there will be all bunch of people that will now go and hit the faucets after seeing this thread and all this by hoping that one day even the test net bitcoins will have a value!
Heck I didn't even know that test net faucets do exist!
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USB-S
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November 19, 2015, 01:27:54 PM |
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Haha I bet there will be all bunch of people that will now go and hit the faucets after seeing this thread and all this by hoping that one day even the test net bitcoins will have a value!
Heck I didn't even know that test net faucets do exist!
They exist? What would be the point of that? I bet it'll take pretty long time before testnet coins are allowed on any exchange. However when decentralized exchanges launch I see people actually trading testnet coins. |
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Mickeyb
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November 19, 2015, 01:49:38 PM |
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Haha I bet there will be all bunch of people that will now go and hit the faucets after seeing this thread and all this by hoping that one day even the test net bitcoins will have a value!
Heck I didn't even know that test net faucets do exist!
They exist? What would be the point of that? I bet it'll take pretty long time before testnet coins are allowed on any exchange. However when decentralized exchanges launch I see people actually trading testnet coins. Apparently they do. Read through the thread above. I guess that they serve as a purpose to get the test coins so you can test new features, or even just sending and receiving of the bitcoins for the newbies. Yes about the trading. But as someone has said above, test net coins have already had some value in the past but then the whole test net was reset and they have lost their value! |
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achow101
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November 19, 2015, 01:50:34 PM |
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Haha I bet there will be all bunch of people that will now go and hit the faucets after seeing this thread and all this by hoping that one day even the test net bitcoins will have a value!
Heck I didn't even know that test net faucets do exist!
They exist? What would be the point of that? I bet it'll take pretty long time before testnet coins are allowed on any exchange. However when decentralized exchanges launch I see people actually trading testnet coins. And then they won't be able to spend then once the testnet is reset. This has already happened twice in the past. We are already on the third version of the testnet. The point of the testnet is for testing only, not for actually trading and actually having value. It is for technical development without actually wasting money. No one will care if you lose a free testnet bitcoins while testing something, but you will definitely care if you lose a few mainnet bitcoins due to a faulty program that you are testing. Here is a good testnet faucet: http://tpfaucet.appspot.com |
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mocacinno
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November 19, 2015, 01:52:40 PM |
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Haha I bet there will be all bunch of people that will now go and hit the faucets after seeing this thread and all this by hoping that one day even the test net bitcoins will have a value!
Heck I didn't even know that test net faucets do exist!
They exist? What would be the point of that? I bet it'll take pretty long time before testnet coins are allowed on any exchange. However when decentralized exchanges launch I see people actually trading testnet coins. And then they won't be able to spend then once the testnet is reset. This has already happened twice in the past. We are already on the third version of the testnet. The point of the testnet is for testing only, not for actually trading and actually having value. It is for technical development without actually wasting money. No one will care if you lose a free testnet bitcoins while testing something, but you will definitely care if you lose a few mainnet bitcoins due to a faulty program that you are testing. Here is a good testnet faucet: http://tpfaucet.appspot.comIf i remember correctly, the reason why the testnet was reset, was exactly because people started trading testnet coins... So when they start having a value, the testnet will probably be reset once more... |
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OnkelPaul
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November 19, 2015, 01:56:17 PM |
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As unamis76 already quoted, testnet coins are useful as long as they are worthless, because that means you can get them without much effort, use them to test your software, send them using weird new transaction types without fear of losing anything valuable.
As soon as people start trading them and start emptying testnet faucets, they lose their usefulness because it will be harder to get some, and developers are forced to think twice before using them in some test or experiment.
Just leave them alone. If you want to play with them, get some from a faucet (or mine some if you have a USB miner), send them to a different wallet of yours, return them to the faucet, whatever.
But don't buy or sell them for real BTC.
Onkel Paul
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