How many Bitcoins in a BitBar?

[Shad3dOne]

If BitBar is supposed to be a consolidation of crypto-coin value....how many Bitcoins are in a bar?

5?
25?
50?
100?
1k coins per bar?

What do you guys think?

[mill0601]

I would like to see 100

[Barnacle_Ed]

.000000000000001 BTC to 1 BTB


It's an altchain released about 24 hours ago with 0 dedicated services and no real purpose other than pump-and-dump. The only think keeping it's price up right now is mindless hype and insane speculation. Assuming this thread is a discussion of the "true" value of one BitBar, I say it is effectively worthless given current conditions since you can't actually use it for anything other than speculation yet.

[mr_random]

.000000000000001 BTC to 1 BTB


It's an altchain released about 24 hours ago with 0 dedicated services and no real purpose other than pump-and-dump. The only think keeping it's price up right now is mindless hype and insane speculation. Assuming this thread is a discussion of the "true" value of one BitBar, I say it is effectively worthless given current conditions since you can't actually use it for anything other than speculation yet.

An exchange is in the works.

I have high hopes for this coin.

[mill0601]

.000000000000001 BTC to 1 BTB


It's an altchain released about 24 hours ago with 0 dedicated services and no real purpose other than pump-and-dump. The only think keeping it's price up right now is mindless hype and insane speculation. Assuming this thread is a discussion of the "true" value of one BitBar, I say it is effectively worthless given current conditions since you can't actually use it for anything other than speculation yet.

You seem to spend a lot of time in the alt coin section bashing alt coins. Not trying to be rude but why are you here?

[mr_random]

.000000000000001 BTC to 1 BTB


It's an altchain released about 24 hours ago with 0 dedicated services and no real purpose other than pump-and-dump. The only think keeping it's price up right now is mindless hype and insane speculation. Assuming this thread is a discussion of the "true" value of one BitBar, I say it is effectively worthless given current conditions since you can't actually use it for anything other than speculation yet.

You seem to spend a lot of time in the alt coin section bashing alt coins. Not trying to be rude but why are you here?

I agree. I've seen 3-4 members here who bash every alt coin. Litecoin, ppcoin, feathercoin... everything

[Equality]

.000000000000001 BTC to 1 BTB


It's an altchain released about 24 hours ago with 0 dedicated services and no real purpose other than pump-and-dump. The only think keeping it's price up right now is mindless hype and insane speculation. Assuming this thread is a discussion of the "true" value of one BitBar, I say it is effectively worthless given current conditions since you can't actually use it for anything other than speculation yet.

You seem to spend a lot of time in the alt coin section bashing alt coins. Not trying to be rude but why are you here?

I agree. I've seen 3-4 members here who bash every alt coin. Litecoin, ppcoin, feathercoin... everything

most of them are scams and get rich quick schemes. they're not actually trying to do anything good. you have to create a coin for altruistic reasons and be very good at it to be on bitcoins level. which basically means you have to make improvements on bitcoin. improvements designed to make the world a better place. then you have to release it in an honest way with no premining. the reason most people create alt coins is because of greed and to make the creators rich.

[mr_right]

think about why would someone make the reward 1/1000 of what it was 1 day ago. you think its rare? no it's not, at least it wasn't. somebody's already mined millions.

[jimhsu]

13:58:25

getinfo


13:58:25

{
...
"moneysupply" : 2517.20695800,
...
}

Total coin (bar) supply is a bit over 2500 now. In comparison, PPC was a bit over 2M on the first day, and so is feathercoin. I wager that probably no one has 1000 so far.

[mr_right]

absolute # is meaningless. what counts is the rate of reward dropping.

[jimhsu]

PPC drops by 1/2 with every 16x (2^4) increase in difficulty, and this coin drops by 1/2 for every 64x (2^6) increase. So I believe it's a slower decay. If anything, the per block difficulty adjust somewhat dampens the effectiveness of premine, and also makes difficulty adjust faster compared to 4x per 2048 blocks (starting difficulty was still too low though).

"Decay" is probably not the correct incentive, hence I'd be more likely to support coins that grow in reward as hashpower increases (i.e. by sqrt of the hash). A couple of proposed coins have this feature.

[theblazehen]

I have high hopes for this coin.

So do I. Lots of good ideas

[Barnacle_Ed]

.000000000000001 BTC to 1 BTB


It's an altchain released about 24 hours ago with 0 dedicated services and no real purpose other than pump-and-dump. The only think keeping it's price up right now is mindless hype and insane speculation. Assuming this thread is a discussion of the "true" value of one BitBar, I say it is effectively worthless given current conditions since you can't actually use it for anything other than speculation yet.

You seem to spend a lot of time in the alt coin section bashing alt coins. Not trying to be rude but why are you here?

Equality basically hits the nail on the head:

most of them are scams and get rich quick schemes. they're not actually trying to do anything good. you have to create a coin for altruistic reasons and be very good at it to be on bitcoins level. which basically means you have to make improvements on bitcoin. improvements designed to make the world a better place. then you have to release it in an honest way with no premining. the reason most people create alt coins is because of greed and to make the creators rich.

It's hard to buy into this whole "changing the world and making it a better place" dialogue when 90% of the altchains that come out are thinly-veiled attempts to make a quick buck a few individuals at others' expense. It really saddens me to see this subforum in such a state where everyone's so excited about *yet another* currency with dubious improvements over Bitcoin bubble'ing to such a high price in such little time without any real support for it.

I like altchains. I really like what Litecoin, Devcoin, and Namecoin have brought to the table. Bytecoin and other branches which have literally added nothing new, on the other hand, I have extremely little respect for. Hence my "bashing" them.

[Shad3dOne]

but still...

how many Bitcoins in a Bitbar???

[MaGNeT]

but still...

how many Bitcoins in a Bitbar???

Market decides

[Shad3dOne]

If we are the market..

How many Bitcoins in a Bitbar??

[TruCoin]

I would like to see 100

at current difficulty  should be something like 100-200 BTC per BitBar

[Passion_ltc]

If we are the market..

How many Bitcoins in a Bitbar??

1 BTC is 1 BTB.

[Petr1fied]

but still...

how many Bitcoins in a Bitbar???

As with anything in a free market, it depends what it's worth to somebody else. I exchanged 4 BTB for 1.6 BTC about an hour ago which is 0.4:1 (BTB:BTC). Others have got up to 0.5:1 and possibly higher.

[daytrader420]

If we are the market..

How many Bitcoins in a Bitbar??

1 BTC is 1 BTB.

I think this will be more accurate in the near future.