BTB (BitBar) - Improving The Alt CryptoCurrencies

[daytrader420]

I want to know what the community thinks about BTB.

I have 50% of my mining at FTC and 50% at BTB currently.

I'm a fan of the alt-coins or whatever is bringing highest profitability ratio.

I've sold 40k worth of FC on this forum and exchanges, and I devoted my mining resources to it when difficulty was really low.


Anyway, I want to discuss what people think of BTB for the future.
Although I jumped on FTC, I admitted openly that I do not understand the hype of FTC.

Now, if I am confused or misinformed with anything I posted below, please post some input.

A block reward change of 200 coin from 50 coin, there is nothing fundamentally different between FTC and LTC.

BTB is a new gameplayer, and one that should be looked at seriously.
The difficulty adjustment beats out any other PoW based coin, (BTC,LTC,FTC, etc)
The minting ratio is about 1 BTB/10 minutes.
This means that if people are flooding the network finding new blocks, that the reward should be lower than normal. (currently, ~.16)
This should (probably did) mitigate the idea of 'early adoption' .. 'premining' for this coin.
Now think about when currencies (like where FTC is bound), will overshoot the difficulty forcing a lot of miners to leave the network?
(The difficulty will drop later)
What happens then is the BTB reward per block should get higher.
This provides an incentive to continue mining while the difficulty may even be in decline, or too high.
The balance/reward on this system seems more sound and makes more sense to me than other coins.

NVC really caught my attention and I would have thought the NVC structure would have beat out any other scrypt alts in the long run. However that pesky, premine has tainted the image and adoption.

Anyway there are some things to be concerned about. The dev's of BTB, I hope they can play a strong role in the community. I have to say I like the idea of BTB, probably more than any other alt-scrypt coin out at the moment.

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[mr_random]

The interesting twist for me is the fact that the coins are extremely rare and the coins are thought of as 'bars', being a lot more valuable than coins.

The code itself is mostly based on NVC, with some changes to make the coins more scarce.

Novacoin has always been undervalued in my book though because it picked up a bad reputation bribing btc-e.com

[Boelens]

I'm very convinced bitbar will be worth a lot, especially with the high difficulty right now.

[jimhsu]

If I'm reading http://btb.cryptocoinexplorer.com/chain/BitBar/q/nethash right, we're at 3% of litecoin's hashrate. That is, like, wow. Hashrate tripled over the last 1000 blocks.

[TruCoin]

I agree with everyone this Cryto-Bar will change the landscape of Cryto-currency. The  mindset alone of now looking at cryto as bars would be enough in it self

[BBQKorv]

I do hope BTB gets very popular and climbs right next to BTC and LTC in market share in the near future. The rarity makes it more attracting than Feathercoin for example. Scrypt is a big bonus in my books, these new and weak alts don't really need ASICs jumping in and out with their nearly 100GH a piece.

[TruCoin]

I do hope BTB gets very popular and climbs right next to BTC and LTC in market share in the near future. The rarity makes it more attracting than Feathercoin for example. Scrypt is a big bonus in my books, these new and weak alts don't really need ASICs jumping in and out with their nearly 100GH a piece.

+1 I believe the creation of BitBar has saved cryto from all the Alt-coin Clones. It has made coins Obsolete . sure we need the BTC and the LTC but the rest I am sure will fade away due to the bravado of BitBar.

[TruCoin]

I do hope BTB gets very popular and climbs right next to BTC and LTC in market share in the near future. The rarity makes it more attracting than Feathercoin for example. Scrypt is a big bonus in my books, these new and weak alts don't really need ASICs jumping in and out with their nearly 100GH a piece.

+1 I believe the creation of BitBar has saved cryto from all the Alt-coin Clones. It has made coins Obsolete . sure we need the BTC and the LTC but the rest I am sure will fade away due to the bravado of BitBar.

BitBar gives us hope. to think all we had to look forward to was crappy alt-coins then something magical happened the first digital gold bar WOW I am optimistic for the future of this gamechanger

[hughperman]

All hail Bitbar.

http://www.youtube.com/watch?v=icTrzUuWlHI

[TruCoin]

All hail Bitbar.

http://www.youtube.com/watch?v=icTrzUuWlHI

+ 1 million 500 and 26.3    and a side note current value of BTB over BTC is 1 BTB = 1,500,026.30 BTC

[GSnak]

I think the primary advantage is the fact that there are only 2644 right now, there will likely never be one person with 40,000 of them. That, and being scrypt for the medium term the block chain isn't going to be mutilated by ASICs. It's possible that at some point people will want to convert their BTC to BTB, take their wallet offline and leave it set aside as a store of wealth. I can see that happening. It may never make it to Gox, but perhaps BTC-e and hopefully knock off some of the lamecoins that have a volume of 120BTC a day. There may develop a certain prestige about owning a Bitbar.

...or it  could be bumped off by the next coin of the day and fade into obscurity. Great risk equals great reward, or absolutely nothing.

[TruCoin]

I think the primary advantage is the fact that there are only 2644 right now, there will likely never be one person with 40,000 of them. That, and being scrypt for the medium term the block chain isn't going to be mutilated by ASICs. It's possible that at some point people will want to convert their BTC to BTB, take their wallet offline and leave it set aside as a store of wealth. I can see that happening. It may never make it to Gox, but perhaps BTC-e and hopefully knock off some of the lamecoins that have a volume of 120BTC a day. There may develop a certain prestige about owning a Bitbar.

...or it  could be bumped off by the next coin of the day and fade into obscurity. Great risk equals great reward, or absolutely nothing.

 prestige .. .. .. A great word for BitBar +1 for you good Sir

[Yurizhai]

I think it just goes to show you how psychology can play a role in these new alt currencies. Whether ANY OF THEM will be around 2 years from now I do not know, but it seems to me they can be very attractive if they offer something even remotely new.

Feathercoin - another scrypt at the perfect time

CNC - Chinese coin, huge foreign market

Bitbar - Condensed, low amounts

So I expect to see new "Bar" alt currencies coming along soon as well. ( SILVER TO BITBAR BRONZE TO BITBAR ect )

[uutoo]

All

[Hitchslap7]

I think it just goes to show you how psychology can play a role in these new alt currencies. Whether ANY OF THEM will be around 2 years from now I do not know, but it seems to me they can be very attractive if they offer something even remotely new.

Feathercoin - another scrypt at the perfect time

CNC - Chinese coin, huge foreign market

Bitbar - Condensed, low amounts

So I expect to see new "Bar" alt currencies coming along soon as well. ( SILVER TO BITBAR BRONZE TO BITBAR ect )

I'll be very surprised if we don't have "Litebars" within the next month or so.

[TruCoin]

I think it just goes to show you how psychology can play a role in these new alt currencies. Whether ANY OF THEM will be around 2 years from now I do not know, but it seems to me they can be very attractive if they offer something even remotely new.

Feathercoin - another scrypt at the perfect time

CNC - Chinese coin, huge foreign market

Bitbar - Condensed, low amounts

So I expect to see new "Bar" alt currencies coming along soon as well. ( SILVER TO BITBAR BRONZE TO BITBAR ect )

I'll be very surprised if we don't have "Litebars" within the next month or so.

you mean LitBar is coming out in 72 hours 

[Tomatocage]

I do hope BTB gets very popular and climbs right next to BTC and LTC in market share in the near future. The rarity makes it more attracting than Feathercoin for example. Scrypt is a big bonus in my books, these new and weak alts don't really need ASICs jumping in and out with their nearly 100GH a piece.

+1 I believe the creation of BitBar has saved cryto from all the Alt-coin Clones. It has made coins Obsolete . sure we need the BTC and the LTC but the rest I am sure will fade away due to the bravado of BitBar.

BitBar gives us hope. to think all we had to look forward to was crappy alt-coins then something magical happened the first digital gold bar WOW I am optimistic for the future of this gamechanger

The creator of BitBar once took a trip to The Virgin Islands. After that they were known only as "The Islands".

[TruCoin]

I do hope BTB gets very popular and climbs right next to BTC and LTC in market share in the near future. The rarity makes it more attracting than Feathercoin for example. Scrypt is a big bonus in my books, these new and weak alts don't really need ASICs jumping in and out with their nearly 100GH a piece.

+1 I believe the creation of BitBar has saved cryto from all the Alt-coin Clones. It has made coins Obsolete . sure we need the BTC and the LTC but the rest I am sure will fade away due to the bravado of BitBar.

BitBar gives us hope. to think all we had to look forward to was crappy alt-coins then something magical happened the first digital gold bar WOW I am optimistic for the future of this gamechanger

The creator of BitBar once took a trip to The Virgin Islands. After that they were known only as "The Islands".

yes i heard about this!!! the island needed three morning after pills from the report i was reading 

[jimhsu]

I think it just goes to show you how psychology can play a role in these new alt currencies. Whether ANY OF THEM will be around 2 years from now I do not know, but it seems to me they can be very attractive if they offer something even remotely new.

Feathercoin - another scrypt at the perfect time

CNC - Chinese coin, huge foreign market

Bitbar - Condensed, low amounts

So I expect to see new "Bar" alt currencies coming along soon as well. ( SILVER TO BITBAR BRONZE TO BITBAR ect )

I'll be very surprised if we don't have "Litebars" within the next month or so.

you mean LitBar is coming out in 72 hours 

Litecoin itself was "another scrypt clone" given that Tenebrix and Fairbrix were already out. Prediction is a futile endeavor.

[TruCoin]

I think it just goes to show you how psychology can play a role in these new alt currencies. Whether ANY OF THEM will be around 2 years from now I do not know, but it seems to me they can be very attractive if they offer something even remotely new.

Feathercoin - another scrypt at the perfect time

CNC - Chinese coin, huge foreign market

Bitbar - Condensed, low amounts

So I expect to see new "Bar" alt currencies coming along soon as well. ( SILVER TO BITBAR BRONZE TO BITBAR ect )

I'll be very surprised if we don't have "Litebars" within the next month or so.

you mean LitBar is coming out in 72 hours 

Litecoin itself was "another scrypt clone" given that Tenebrix and Fairbrix were already out. Prediction is a futile endeavor.

i was just kidding we dont need anymore cryto-bars-coins-bills-credit cards - monkeys uncle No more clones