[ANN]New Crypto-Currency BAR!! BitBar consolidating your digital wealth

[zdarkazn]

Similar to Silver BARS vs Silver COINS.  I pick bars, because they're usually always worth more if you compare premium bars vs premium silver. For generic, ehh, about the same give or take a few

[wmikrut]

It's a trivial clone. It can be done on a weekend for a programmer familiar with forking bitcoin, maybe a few days more to get familiar with ppcoin. Most of your touted innovations were actually done by me, with ppcoin.

+1

Sunny was the first one so successfully implement POS in a coin.

[kokojie]

It's a trivial clone. It can be done on a weekend for a programmer familiar with forking bitcoin, maybe a few days more to get familiar with ppcoin. Most of your touted innovations were actually done by me, with ppcoin.

+1

Sunny was the first one so successfully implement POS in a coin.

And Yahoo was the first one to have a search engine. Sunny is a good developer and ppcoin is very innovative, but being SHAxxx kills the deal for me. Also I always wanted a high value per unit alt-currency.

[wmikrut]

Not to get too far off topic ... but wasn't Netscape the first producer of a browser/search engine?   

[AlexMerced]

Not to get too far off topic ... but wasn't Netscape the first producer of a browser/search engine?   

The difficulty and scarcity of these bars or coins only matter if the rest of the picture falls into place (vendors, exchanges, portable wallets, etc.)

Not saying it is bad or good, but I don't see how difficulty matters much, prices will adjust to the supply and demand for any particular coin, and in this particular case the demand is more important and demand will be fueled by infrastructure not the scarcity of the coin. If a coin is soooo scarce that very few people hold it I don't see the incentive to create infrastructure.

Quantity of money doesn't have much of an effect on an absolute value, but it can have an effect on incentives, for example

If currency A and B have the same difficult, same supply but B is in the hands of more individuals

I'd rather sell my goods with prices denominated in B because I open myself up to a larger market of people to sell to, despite the value of the currency itself being irrelevant (cause prices will adjust to it's value over time)


Although if a Coin has a difficulty so high that few people have it, and the few people that do hoard it then there is no incentive for vendors to sell goods in that currency, no market for an exchange to facilitate, and no reason to make the payment in that currency more convenient with portable wallets and such.


This is why PPcoin is so innovative, because of the way it distributes itself it'll result over time in the hands of more people opening up quite a market of people to sell to making worth going through the trouble of pricing goods in that currency (pricing good in a particular currency is in itself a service)

[AlexMerced]

Bottom line: it's not about how little or how much money there is in nominal quantity that matters, but how many people have and want to use the money and who's willing to take it for what that determines it's value.

Caveat: although handing out money blindly without some effort creates a hazard that distort the structure of production leading to wasted resources, which is why the mining part is important that there is some effort enacted in it's creation to serve as a benchmark of value it's circulation... although making the required effort to high can be as counter productive as making it too easy.

[TruCoin]

[ANN] BitBar exchange. trade in all your coins for gold BARS

https://bitcointalk.org/index.php?topic=194296.new#new

[markm]

No wonder gold is so worthless... Walmart doesn't price its goods in gold!

-MarkM-

[AlexMerced]

No wonder gold is so worthless... Walmart doesn't price its goods in gold!

-MarkM-

No, but it'd be worth more if they did actually, cause it would eliminate the transaction costs of exchange

If I could pay for goods in gold easier then it'd make more sense to have a larger holding of gold, and a smaller holding of USD, the demand to hold gold would increase quite a bit thus the price.

[TruCoin]

looks like BARS are still winning the BARS VS. Coins   Polling     

[collapse]

No wonder gold is so worthless... Walmart doesn't price its goods in gold!

Well, Wallmart doesn't price its goods in "PLN". "PLN" worthless?
All cryptocoins are based in false premise, bits are difficult; money are scarce. It's not true. This constraint have nothing to do with the nature of money:
-Liquidity
-Confidence, confidence could be expanded to credit.
-Reserve of value it's a merge of liquidity and confidence.
-Unit of account, simply math.

Fees, confirmations, blockchain and other "stones", sync, computer,...kill liquidity.
Confidence, what about confidence?

Difficult it's find gold in the river, people knowns, difficulty it's get meal (in some countries), ..., people knowns. Really people knowns? it's difficult point 40M/h at hour X to crypto currency Y, and gets Z coins/coupons.

Bitbar, like others, is a oximoron; no limit in imaginary world.
What the hell is "the byte gold bar"?
Wealth it's not related to one person (less to "special" bits), it's realted to society. You are rich, if people can offer you good  things that you need, for your money,...,

The usage of money it is the only thing that should trigger inflation. I think that no one of cryptocoins it's taking speed of money as parameter. And the other political concepts that money has, more complex that "scarce bits"; or "gold" "bar" bytes.

It's my opinion.

No liquidity no money

[AlexMerced]

No wonder gold is so worthless... Walmart doesn't price its goods in gold!

Well, Wallmart doesn't price its goods in "PLN". "PLN" worthless?
All cryptocoins are based in false premise, bits are difficult; money are scarce. It's not true. This constraint have nothing to do with the nature of money:
-Liquidity
-Confidence, confidence could be expanded to credit.
-Reserve of value it's a merge of liquidity and confidence.
-Unit of account, simply math.

Fees, confirmations, blockchain and other "stones", sync, computer,...kill liquidity.
Confidence, what about confidence?

Difficult it's find gold in the river, people knowns, difficulty it's get meal (in some countries), ..., people knowns. Really people knowns? it's difficult point 40M/h at hour X to crypto currency Y, and gets Z coins/coupons.

Bitbar, like others, is a oximoron; no limit in imaginary world.
What the hell is "the byte gold bar"?
Wealth it's not related to one person (less to "special" bits), it's realted to society. You are rich, if people can offer you good  things that you need, for your money,...,

The usage of money it is the only thing that should trigger inflation. I think that no one of cryptocoins it's taking speed of money as parameter. And the other political concepts that money has, more complex that "scarce bits"; or "gold" "bar" bytes.

It's my opinion.

No liquidity no money

I think we are on the same page, gold and platinum have other uses other than as money which is why they still have value, but since very few places take gold for payment you don't see people carrying around gold coins for paying stuff anymore.

But I agree, scarcity is not what makes money valuable, it's how it functions as well... money

[TruCoin]

looks like coins are on the rise in the BARS VS. Coins poll !!!!

[justabitoftime]

Bars through the roof!

[TruCoin]

Bars through the roof!

+1 

[TruCoin]

looks like a couple pools have been created for BitBar

[mr_random]

looks like a couple pools have been created for BitBar

What is the best pool for BitBar?

Since BitBar is based on NVC someone should adapt a successful NVC pool script...

[TruCoin]

looks like a couple pools have been created for BitBar

What is the best pool for BitBar?

Since BitBar is based on NVC someone should adapt a successful NVC pool script...

http://btb.binarycoins.eu/ seems to be the best pool so far for BitBar

[TruCoin]

  0.7 BTB selling for 7-10 BTC at current rate i still believe you should hold your BTB due to the fact 1 BTB could equate to 10-100 BTC per 1 BTB

[TruCoin]

  0.7 BTB selling for 7-10 BTC at current rate i still believe you should hold your BTB due to the fact 1 BTB could equate to 10-100 BTC per 1 BTB

+1 he he he