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Author Topic: ★★ ▀▄▀▄▀ BITBAR on BTER now LIVE ▀▄▀▄▀ ★★  (Read 8926 times)
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May 08, 2013, 11:03:04 AM
 #1


FANTASTIC !!!!!

Blah blah
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May 08, 2013, 11:05:55 AM
 #2

Fireworks!
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May 08, 2013, 11:11:52 AM
 #3

Now we need to get it on coinchoose, as it has an exchange and block explorer.
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May 08, 2013, 11:13:31 AM
 #4

Now we need to get it on coinchoose, as it has an exchange and block explorer.

Is it a good thing to get onto coin choose this early in the game? Like I've been saying, restraint would be good, and a welcome change from the tactics of other alts.

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May 08, 2013, 11:23:46 AM
 #5

Now we need to get it on coinchoose, as it has an exchange and block explorer.

Is it a good thing to get onto coin choose this early in the game? Like I've been saying, restraint would be good, and a welcome change from the tactics of other alts.

Good point. I'll hold off myself on that for now. Not sure someone else won't bring up the point though. Smiley

However, being on coinchoose could encourage the mining community to take it up (especially if profitability was high), and would definitely boost the network hash rate, as well as spread awareness of it.

I think an increase in network hash is a sign of health of a coin. Not sure of the other dynamics about being on CC though. Definitely don't want to encourage a pump/dump dynamic at this point.
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May 08, 2013, 11:28:23 AM
 #6

I could find a block solo previous night. Not sure if such delight will ever happen again once many start mining it Cheesy Wait a bit Smiley
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May 08, 2013, 11:42:04 AM
 #7

Sweet. Can't wait to see it listed in coinchoose.com and dustcoin.com

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May 08, 2013, 11:43:09 AM
 #8

Talk about a rare coin Cheesy

Donatioins always welcome Wink
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May 08, 2013, 11:43:49 AM
 #9

That's one small step for BitBar, one giant leap for cryptocurrencies.

Speculating..
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May 08, 2013, 12:20:26 PM
 #10

There's still a massive variance between what the sellers think it's worth and what people are prepared to pay for it:
Code:
Sell 0.90989 | Buy 0.71

I wonder which side will relent first?
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May 08, 2013, 12:39:36 PM
 #11

With regard to the pricing, here is a previous post of mine estimating what the fair value is:

Litecoin:
Network Hash: 16,759,472 kH/s
Total Supply: 17,392,400 LTC
Current value: 3.14 USD/LTC

Bitbar:
Network Hash: 700,000 kH/s
Total Supply: 2,800 BTB
Theoretical value: 815 LTC/BTB.

Which seems insanely high (24BTC/BTB). And it is, it doesn't take into consideration adoption, reputation, age, etc.

So compare it to one of the lamer coins of recent times, feathercoin;

Feathercoin:
Network Hash: 1,133,753 kH/s
Total Supply: 6,505,600 FTC
Current value: 0.22018 USD/FTC

Bitbar:
Network Hash: 700,000 kH/s
Total Supply: 2,800 BTB
Theoretical value: 315.8 FTC/BTB.

Which would value bitbar at about $70 USD/BTB (0.65 BTC), which seems very low (probably due to the problems feathercoin currently has).


So there's a rough high and low point for the exchange to base the price from.

My personal feeling is that around 10 BTC/BTB is a fair price IN THE LONG TERM. Short term price, anywhere between 1.5BTC/BTB - 2.0 BTC/BTB.

On keyboard, the big d, rusty shackleford
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May 08, 2013, 12:55:05 PM
 #12

There's still a massive variance between what the sellers think it's worth and what people are prepared to pay for it:
Code:
Sell 0.90989 | Buy 0.71

I wonder which side will relent first?

Its not officially traded on bter yet. So no need to hassle. At the moment most people know about that option to sell/buy are those from the BTB threads here in this forum.

edit: and thats causing a imbalance towards the sell side.
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May 08, 2013, 12:58:14 PM
 #13

Scarce or not it has no real value besides speculation until it is acceptable as a form of payment somewhere, much like any other alt currency (Litecoin excluded).

Personally I can't see it trading at anything over 1:1 and will in fact probably settle at about 0.5-0.75:1 (about the level it was being traded initially) but we'll see what happens when the miners find out it's being traded on an exchange and start cashing in.
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May 08, 2013, 12:58:55 PM
 #14

Seems Bter has auto withdraw now Smiley

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May 08, 2013, 12:59:21 PM
 #15

With regard to the pricing, here is a previous post of mine estimating what the fair value is:

Litecoin:
Network Hash: 16,759,472 kH/s
Total Supply: 17,392,400 LTC
Current value: 3.14 USD/LTC

Bitbar:
Network Hash: 700,000 kH/s
Total Supply: 2,800 BTB
Theoretical value: 815 LTC/BTB.

Which seems insanely high (24BTC/BTB). And it is, it doesn't take into consideration adoption, reputation, age, etc.

So compare it to one of the lamer coins of recent times, feathercoin;

Feathercoin:
Network Hash: 1,133,753 kH/s
Total Supply: 6,505,600 FTC
Current value: 0.22018 USD/FTC

Bitbar:
Network Hash: 700,000 kH/s
Total Supply: 2,800 BTB
Theoretical value: 315.8 FTC/BTB.

Which would value bitbar at about $70 USD/BTB (0.65 BTC), which seems very low (probably due to the problems feathercoin currently has).


So there's a rough high and low point for the exchange to base the price from.

My personal feeling is that around 10 BTC/BTB is a fair price IN THE LONG TERM. Short term price, anywhere between 1.5BTC/BTB - 2.0 BTC/BTB.

o.o
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May 08, 2013, 12:59:52 PM
 #16

I'm not bashing this coin (I don't have any so maybe I'm a bit jelly..)

but I seriously cannot imagine any coin being higher than BTC, that's just my opinion.

Will be very interesting to see where this goes.
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May 08, 2013, 01:00:56 PM
 #17

even bitcoin is for biggest parts pure speculation. coffee and drugs thats what its about at the moment.
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May 08, 2013, 01:07:06 PM
 #18

I'm not bashing this coin (I don't have any so maybe I'm a bit jelly..)

but I seriously cannot imagine any coin being higher than BTC, that's just my opinion.

Will be very interesting to see where this goes.

It's all relative. There are 11 million BTC and only about 3000 BTB.

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May 08, 2013, 01:08:58 PM
 #19

I'm not bashing this coin (I don't have any so maybe I'm a bit jelly..)

but I seriously cannot imagine any coin being higher than BTC, that's just my opinion.

Will be very interesting to see where this goes.

Go get you some Bro...

https://bitcointalk.org/index.php?topic=194324.0

Its all about what the people want...
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May 08, 2013, 01:09:42 PM
 #20

I'm not bashing this coin (I don't have any so maybe I'm a bit jelly..)

but I seriously cannot imagine any coin being higher than BTC, that's just my opinion.

Will be very interesting to see where this goes.

You raise a good point, is a psychological thing. But to give an example:

   Say there are 5 bitcoins in existence, 10 litecoins, 50 feathercoins, and 100 namecoins.
   If the current real world economics are applied, and let's say bitcoin is valued at $100, then due to the availability of the other coins, litecoins are worth $50, feathercoins $10, and namecoins $5.
   That's how pricing currently works.
   Now if a new alt comes around; bitbar, and there's only 1 bitbar in existence, if we follow the pricing model, that bitbar is worth $500 dollars.

"But another alt can't be worth more than bitcoin?"
Of course it can, it's all about the economics of the coin, it's availability, circulation, supply, and future potential.

Personally, I think that bitbar has a future, it's an alt that's (so far) not been pumped, not been spruiked by shills, and has not been overhyped. It's just steadily chugged along in the background. That's what you want from an alt, steady, consistent growth with a long term future in mind.

On keyboard, the big d, rusty shackleford
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May 08, 2013, 01:20:44 PM
 #21

The only value in cryptocoins lies in
1) Stability in price (good for merchants and users alike)
2) Security of the network
(besides obviously ease of use, anonymity, etc.).
The price doesnt really matter if you are interested in building a working economy out of it, that is just a side effect of its usage adoption.

Now with BitBar the issue is
1) as tiny alt coin there is no stability at all,
2) as tiny alt coin the network isnt very secure either
besides other problems like denominations are too big (pple are already want to switch to mBTC or uBTC), bitbar deliberately fools you into thinking just because its rare it must be valuable - Instead it is just the opposite with cryptocoins,
if they are not rare and are traded all over the place they have value.
my 2 satoshis.

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May 08, 2013, 01:21:43 PM
 #22

I'm not bashing this coin (I don't have any so maybe I'm a bit jelly..)

but I seriously cannot imagine any coin being higher than BTC, that's just my opinion.

Will be very interesting to see where this goes.

You raise a good point, is a psychological thing. But to give an example:

   Say there are 5 bitcoins in existence, 10 litecoins, 50 feathercoins, and 100 namecoins.
   If the current real world economics are applied, and let's say bitcoin is valued at $100, then due to the availability of the other coins, litecoins are worth $50, feathercoins $10, and namecoins $5.
   That's how pricing currently works.
   Now if a new alt comes around; bitbar, and there's only 1 bitbar in existence, if we follow the pricing model, that bitbar is worth $500 dollars.

"But another alt can't be worth more than bitcoin?"
Of course it can, it's all about the economics of the coin, it's availability, circulation, supply, and future potential.

Personally, I think that bitbar has a future, it's an alt that's (so far) not been pumped, not been spruiked by shills, and has not been overhyped. It's just steadily chugged along in the background. That's what you want from an alt, steady, consistent growth with a long term future in mind.

Good explanation, however, it will take time, which no one knows how long. This is the reason why LTC is not 1/4 of BTC yet.
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May 08, 2013, 01:30:45 PM
 #23

I'm not bashing this coin (I don't have any so maybe I'm a bit jelly..)

but I seriously cannot imagine any coin being higher than BTC, that's just my opinion.

Will be very interesting to see where this goes.
For example  if 1 block feathercoin reward 0.0001 instead of 200 then yes 1 feathercoin will > 1 bitcoin

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May 08, 2013, 01:37:26 PM
 #24

The only value in cryptocoins lies in
1) Stability in price (good for merchants and users alike)
2) Security of the network
(besides obviously ease of use, anonymity, etc.).
The price doesnt really matter if you are interested in building a working economy out of it, that is just a side effect of its usage adoption.

Now with BitBar the issue is
1) as tiny alt coin there is no stability at all,
2) as tiny alt coin the network isnt very secure either
besides other problems like denominations are too big (pple are already want to switch to mBTC or uBTC), bitbar deliberately fools you into thinking just because its rare it must be valuable - Instead it is just the opposite with cryptocoins,
if they are not rare and are traded all over the place they have value.
my 2 satoshis.

LTC's network hash rate was on average 0.5Gh/s three months ago, lower than the current BTB network hash rate, and it has been there for a year. Yet no one has successfully attacked LTC, so I dare you try and attack BTB network if you think it isn't very secure, PPC based coins have extra protection against 51% attack thru the use of check points and PoS block generation. It's nearly impossible to 51% attack a PPC based coin.

Price stability has been surprisingly good, hovering around 0.5btc-1btc ever since inception, even on the exchange it's still trading in that range. I'd say the price stability is solid against FTC or CNC.

Denomination is only too big if you use it as a transactional currency, which it is not, it is designed as a reserve currency, for example US banks transact inter-bank physical bill business using $100,000 bills, not circulated in public's hands.

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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May 08, 2013, 01:38:56 PM
 #25

The only value in cryptocoins lies in
1) Stability in price (good for merchants and users alike)
2) Security of the network
(besides obviously ease of use, anonymity, etc.).
The price doesnt really matter if you are interested in building a working economy out of it, that is just a side effect of its usage adoption.

Now with BitBar the issue is
1) as tiny alt coin there is no stability at all,
2) as tiny alt coin the network isnt very secure either
besides other problems like denominations are too big (pple are already want to switch to mBTC or uBTC), bitbar deliberately fools you into thinking just because its rare it must be valuable - Instead it is just the opposite with cryptocoins,
if they are not rare and are traded all over the place they have value.
my 2 satoshis.

LTC's network hash rate was on average 0.5Gh/s three months ago, lower than the current BTB network hash rate, and it has been there for a year. Yet no one has successfully attacked LTC, so I dare you try and attack BTB network if you think it isn't very secure.

Price stability has been surprisingly good, hovering around 0.5btc-1btc ever since inception, even on the exchange it's still trading in that range. I'd say the price stability is solid against FTC or CNC.

Denomination is only too big if you use it as a transactional currency, which it is not, it is designed as a reserve currency, for example US banks transact inter-bank physical bill business using $100,000 bills, not circulated in public's hands.

ooo $100k bills. I want one..  Grin I have a 5k bill  Smiley
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May 08, 2013, 01:44:19 PM
 #26

BTer run out of room at the top for all the coins?
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May 08, 2013, 01:46:02 PM
 #27

The only value in cryptocoins lies in
1) Stability in price (good for merchants and users alike)
2) Security of the network
(besides obviously ease of use, anonymity, etc.).
The price doesnt really matter if you are interested in building a working economy out of it, that is just a side effect of its usage adoption.

Now with BitBar the issue is
1) as tiny alt coin there is no stability at all,
2) as tiny alt coin the network isnt very secure either
besides other problems like denominations are too big (pple are already want to switch to mBTC or uBTC), bitbar deliberately fools you into thinking just because its rare it must be valuable - Instead it is just the opposite with cryptocoins,
if they are not rare and are traded all over the place they have value
.
my 2 satoshis.

I can see what you are saying, but what about all the people who tend to hoard coins as a store of value?

Edit: redundant

Its all about what the people want...
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May 08, 2013, 01:47:25 PM
 #28

I'm not bashing this coin (I don't have any so maybe I'm a bit jelly..)

but I seriously cannot imagine any coin being higher than BTC, that's just my opinion.

Will be very interesting to see where this goes.

Go get you some Bro...

https://bitcointalk.org/index.php?topic=194324.0
haha, nice!
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May 08, 2013, 02:02:33 PM
 #29

The only value in cryptocoins lies in
1) Stability in price (good for merchants and users alike)
2) Security of the network
(besides obviously ease of use, anonymity, etc.).
The price doesnt really matter if you are interested in building a working economy out of it, that is just a side effect of its usage adoption.

Now with BitBar the issue is
1) as tiny alt coin there is no stability at all,
2) as tiny alt coin the network isnt very secure either
besides other problems like denominations are too big (pple are already want to switch to mBTC or uBTC), bitbar deliberately fools you into thinking just because its rare it must be valuable - Instead it is just the opposite with cryptocoins,
if they are not rare and are traded all over the place they have value
.
my 2 satoshis.

I can see what you are saying, but what about all the people who tend to hoard coins as a store of value?

Edit: redundant

I think hoarding is not storing value but speculating that the currency appreciates in value through increased adoption, ie higher volume of market transactions.
IMO nobody just wants to "store" fiat in volatile commodities/currencies, if it isn't speculation in part at least.

Also if banks want to transact money via cryptocurrencies, it makes no sense to use BitBar if they already use Bitcoin (type a number and hit send in both cases). Also 100k dollar bills make sense if you would otherwise end up with piles of paper money, but sending 10kBTC or 100k BTC makes no difference really.







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May 08, 2013, 02:16:39 PM
 #30

The only value in cryptocoins lies in
1) Stability in price (good for merchants and users alike)
2) Security of the network
(besides obviously ease of use, anonymity, etc.).
The price doesnt really matter if you are interested in building a working economy out of it, that is just a side effect of its usage adoption.

Now with BitBar the issue is
1) as tiny alt coin there is no stability at all,
2) as tiny alt coin the network isnt very secure either
besides other problems like denominations are too big (pple are already want to switch to mBTC or uBTC), bitbar deliberately fools you into thinking just because its rare it must be valuable - Instead it is just the opposite with cryptocoins,
if they are not rare and are traded all over the place they have value
.
my 2 satoshis.

I can see what you are saying, but what about all the people who tend to hoard coins as a store of value?

Edit: redundant

I think hoarding is not storing value but speculating that the currency appreciates in value through increased adoption, ie higher volume of market transactions.
IMO nobody just wants to "store" fiat in volatile commodities/currencies, if it isn't speculation in part at least.

Also if banks want to transact money via cryptocurrencies, it makes no sense to use BitBar if they already use Bitcoin (type a number and hit send in both cases). Also 100k dollar bills make sense if you would otherwise end up with piles of paper money, but sending 10kBTC or 100k BTC makes no difference really.








oh but it would make sense, you are aware that Bitcoin chain grows by 6GB+ every year, at current transaction rate?  You think banks/big players like to deal with all that bloated blockchain shit with tons of dust/spam and possibly tainted coins? Compared to Bitcoin, BTB blockchain is tiny and will always be tiny because it's PPC based, with dust/spam protection. Also the large denomination discourage using it as transactional currency, so it is the perfect reserve crypto for banks/big players.

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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May 08, 2013, 03:18:31 PM
 #31

The only value in cryptocoins lies in
1) Stability in price (good for merchants and users alike)
2) Security of the network
(besides obviously ease of use, anonymity, etc.).
The price doesnt really matter if you are interested in building a working economy out of it, that is just a side effect of its usage adoption.

Now with BitBar the issue is
1) as tiny alt coin there is no stability at all,
2) as tiny alt coin the network isnt very secure either
besides other problems like denominations are too big (pple are already want to switch to mBTC or uBTC), bitbar deliberately fools you into thinking just because its rare it must be valuable - Instead it is just the opposite with cryptocoins,
if they are not rare and are traded all over the place they have value
.
my 2 satoshis.

I can see what you are saying, but what about all the people who tend to hoard coins as a store of value?

Edit: redundant

I think hoarding is not storing value but speculating that the currency appreciates in value through increased adoption, ie higher volume of market transactions.
IMO nobody just wants to "store" fiat in volatile commodities/currencies, if it isn't speculation in part at least.

Also if banks want to transact money via cryptocurrencies, it makes no sense to use BitBar if they already use Bitcoin (type a number and hit send in both cases). Also 100k dollar bills make sense if you would otherwise end up with piles of paper money, but sending 10kBTC or 100k BTC makes no difference really.








oh but it would make sense, you are aware that Bitcoin chain grows by 6GB+ every year, at current transaction rate?  You think banks/big players like to deal with all that bloated blockchain shit with tons of dust/spam and possibly tainted coins? Compared to Bitcoin, BTB blockchain is tiny and will always be tiny because it's PPC based, with dust/spam protection. Also the large denomination discourage using it as transactional currency, so it is the perfect reserve crypto for banks/big players.

What would be cool to see, are these "banks" keeping reserves of bitbars in cold storage Smiley. Gold bars in a vault.

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May 08, 2013, 03:33:26 PM
 #32

If anyone wants to cash out some BTB I'm buying at 0.7 BTC per BTB which is higher than the BTER bid price  Wink

PM me.
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May 08, 2013, 03:35:02 PM
 #33

we need an exchange with volume bter seems to do more damage then good

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May 08, 2013, 03:43:55 PM
 #34

we need an exchange with volume bter seems to do more damage then good

Thats what I feel. Some people holding them are panic sellers lol. With only about 3k in circulation, why be a panic seller? I dont get it. Is 0.7 Bitcoins really that much to those people?
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May 08, 2013, 03:45:42 PM
 #35

Wooot thanks for the link, I just dumped the 0.2 Bitbar that I mined before I discovered it was just a scamcoin, I got 0.14BTC for it LOL
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May 08, 2013, 03:48:17 PM
 #36

Wooot thanks for the link, I just dumped the 0.2 Bitbar that I mined before I discovered it was just a scamcoin, I got 0.14BTC for it LOL

you are just a trool

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May 08, 2013, 03:49:50 PM
 #37

Wooot thanks for the link, I just dumped the 0.2 Bitbar that I mined before I discovered it was just a scamcoin, I got 0.14BTC for it LOL

you are just a trool

want proof?
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May 08, 2013, 03:54:11 PM
 #38

Markets decide what something is worth - which is why so many of my alt coins are currently worth practically nothing!


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May 08, 2013, 03:54:31 PM
 #39

Wooot thanks for the link, I just dumped the 0.2 Bitbar that I mined before I discovered it was just a scamcoin, I got 0.14BTC for it LOL

you are just a trool

want proof?

I have a proof that BTC creator bought a island! Smiley

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May 08, 2013, 04:04:17 PM
 #40

If anyone wants to cash out some BTB I'm buying at 0.7 BTC per BTB which is higher than the BTER bid price  Wink

PM me.

well dont get me wrong chinese people still dont know that BTER is trading BTB, soon u will see different bid range.

Blah blah
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May 08, 2013, 04:13:39 PM
 #41

If anyone wants to cash out some BTB I'm buying at 0.7 BTC per BTB which is higher than the BTER bid price  Wink

PM me.

well dont get me wrong chinese people still dont know that BTER is trading BTB, soon u will see different bid range.

yeah
 + in 8 hours BTB gona be on http://coinchoose.com/ and ppl gona see huge profitability

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May 08, 2013, 04:14:59 PM
 #42

mission complete. Operation Step 2 effective ASAP  Grin    . In BitBar do we trust

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May 08, 2013, 04:22:43 PM
 #43

so fast....

Energycoin - Save Energy, Pure POS (Free IPO). e355a9imFx7gbkpra9755mTkJDf5gBRhj2
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May 08, 2013, 04:30:34 PM
 #44

so fast....

i assure you to get BitBar to reputable and stable Exchange so fast was no accidents

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May 08, 2013, 05:13:43 PM
 #45

Nice. All they need to do now is put a BitBar tab at the top so everyone can see it's on there. I wouldn't have known if I hadn't read this topic.
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May 08, 2013, 05:30:09 PM
 #46

.5 btb for 1 BTC anyone  Grin

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May 08, 2013, 05:44:55 PM
 #47

.5 btb for 1 BTC anyone  Grin

The highest sell price on bter.com is 0.8 and the highest buy offer is 0.666. Why would anyone risk a private trade for more than the current going rate?
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May 08, 2013, 05:47:27 PM
 #48

.5 btb for 1 BTC anyone  Grin

The highest sell price on bter.com is 0.8 and the highest buy offer is 0.666. Why would anyone risk a private trade for more than the current going rate?
because some people are just dumb ?

Blah blah
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May 08, 2013, 05:48:39 PM
 #49

Not Scambar, ha ha.. ok. Have fun w that.
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May 08, 2013, 05:49:14 PM
 #50

because some people are just dumb ?

Well his name is durrrr. Wink
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May 08, 2013, 05:51:12 PM
 #51

the going rate will go up in the next coming days way more than 2btc/BTB

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May 08, 2013, 05:53:41 PM
 #52

The market doesn't seem to be agreeing with you. Apart from a few people who were desperate there has been very little compromise on either side. Perhaps this will change in time or perhaps it's just overvalued.
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May 08, 2013, 05:54:13 PM
 #53

If anyone wants to cash out some BTB I'm buying at 0.7 BTC per BTB which is higher than the BTER bid price  Wink

PM me.

well dont get me wrong chinese people still dont know that BTER is trading BTB, soon u will see different bid range.

yeah
 + in 8 hours BTB gona be on http://coinchoose.com/ and ppl gona see huge profitability

Are you high? It's almost impossible to mine BTB at current diff. Correct me if I am wrong but at 1-1 BTB/BTC isn't BTB harder and less profitable to mine?
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May 08, 2013, 06:10:55 PM
 #54

yea the going rate must go up because people have been buying and selling BTB on my exchange for as high as 7BTC per BTB. if rate does not go up i believe people should not use Bter to buy and sell BTB due to the fact they would be doing harm to the already prestigious statues

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May 08, 2013, 06:13:18 PM
 #55

No, it just proves that people have been paying too much for it.
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May 08, 2013, 06:18:22 PM
 #56

No, it just proves that people have been paying too much for it.

No kidding. His 'exchange' is also pretty rigged and he has spammed his 'real price' all over the forum for weeks.
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May 08, 2013, 06:18:29 PM
 #57

The only value in cryptocoins lies in
1) Stability in price (good for merchants and users alike)
2) Security of the network
(besides obviously ease of use, anonymity, etc.).
The price doesnt really matter if you are interested in building a working economy out of it, that is just a side effect of its usage adoption.

Now with BitBar the issue is
1) as tiny alt coin there is no stability at all,
2) as tiny alt coin the network isnt very secure either
besides other problems like denominations are too big (pple are already want to switch to mBTC or uBTC), bitbar deliberately fools you into thinking just because its rare it must be valuable - Instead it is just the opposite with cryptocoins,
if they are not rare and are traded all over the place they have value
.
my 2 satoshis.

I can see what you are saying, but what about all the people who tend to hoard coins as a store of value?

Edit: redundant

I think hoarding is not storing value but speculating that the currency appreciates in value through increased adoption, ie higher volume of market transactions.
IMO nobody just wants to "store" fiat in volatile commodities/currencies, if it isn't speculation in part at least.

Also if banks want to transact money via cryptocurrencies, it makes no sense to use BitBar if they already use Bitcoin (type a number and hit send in both cases). Also 100k dollar bills make sense if you would otherwise end up with piles of paper money, but sending 10kBTC or 100k BTC makes no difference really.








oh but it would make sense, you are aware that Bitcoin chain grows by 6GB+ every year, at current transaction rate?  You think banks/big players like to deal with all that bloated blockchain shit with tons of dust/spam and possibly tainted coins? Compared to Bitcoin, BTB blockchain is tiny and will always be tiny because it's PPC based, with dust/spam protection. Also the large denomination discourage using it as transactional currency, so it is the perfect reserve crypto for banks/big players.

What would be cool to see, are these "banks" keeping reserves of bitbars in cold storage Smiley. Gold bars in a vault.

Nice idea  Grin
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May 08, 2013, 06:24:18 PM
 #58

Trucoin, if you really believe it's worth that much then you're doing BitBar a great disservice by not heading over to bter.com right now and buying all of it at those low, low prices. I mean you can resell it at 7 BTC per BTB right?
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May 08, 2013, 06:26:51 PM
 #59

Honestly, I got the same email, they asked NOT to spread it -
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May 08, 2013, 06:35:35 PM
 #60

I'm thinking since BTB isn't listed in the links at the top of bter.com - what is going to be the impact of the price once visitors actually see a link for a new coin?  Up or Down in price?
It's not fully plugged in.

The same thing happened with BBQ coin the other day, and probably CNC as well.

Wait until its fully integrated. As of now a normal member cannot even deposit BTB onto the site. (Atleast I didn't see where.)

Smiley
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May 08, 2013, 06:39:06 PM
 #61

No, it just proves that people have been paying too much for it.
look at bter, any sell order poop out below 0.8 is instantly sold.

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May 08, 2013, 06:46:43 PM
 #62

I'm thinking since BTB isn't listed in the links at the top of bter.com - what is going to be the impact of the price once visitors actually see a link for a new coin?  Up or Down in price?
It's not fully plugged in.

The same thing happened with BBQ coin the other day, and probably CNC as well.

Wait until its fully integrated. As of now a normal member cannot even deposit BTB onto the site. (Atleast I didn't see where.)

Yea, I don't see a deposit option either.  I'm just glad it's listed.  It's will be fun to watch where it goes.

Deposited fine from the wallet

you have the link for it

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May 08, 2013, 06:48:18 PM
 #63

Deposit link here guys


https://bter.com/myaccount/deposit/BTB

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May 08, 2013, 06:53:10 PM
 #64


Yeah I'm blind/dumb. I just saw the post above me.

Smiley
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May 08, 2013, 06:57:20 PM
 #65

Daamn, last time I checked I am sure btb.binarycoins.eu had < 150 MH/s

Can you all stop mining for like, 2 hours.........please!  Cry

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May 08, 2013, 07:13:05 PM
 #66

Trucoin, if you really believe it's worth that much then you're doing BitBar a great disservice by not heading over to bter.com right now and buying all of it at those low, low prices. I mean you can resell it at 7 BTC per BTB right?

already ahead of you , plus for over a week people have been sending me offers to buy there BTB for real cheap because they didnt understand BTB even with me telling everyone its value. The cheapest i bought BTB due to other peoples stupidity was as low as 5 LTC for 1 BTB . PEOPLE need to educate them selves before offering there crypto for sale. TIME is your friend DO NOT rush to sell youR BTB becasue the market CAPS are endless for 1 BTB educate yourselves right now with my simple advise  BTB value Within the short to near future 10-100 BTC per 1 BTB

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May 08, 2013, 07:19:18 PM
 #67

So i will make a new coin with 1 block every 1 hour and each block only 0.5 coin, so that coin would worth 200 btc each.

lol.. with this coin

You could have, but you didn't, now you don't have the first mover advantage and no one will support it.

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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May 08, 2013, 07:19:58 PM
 #68

So i will make a new coin with 1 block every 1 hour and each block only 0.5 coin, so that coin would worth 200 btc each.

lol.. with this coin

its all about who did it first. BitBar came first so it will always be the king of the bars just as Bitcoin is the king of the coins !!!

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May 08, 2013, 07:25:30 PM
 #69

No, it just proves that people have been paying too much for it.
look at bter, any sell order poop out below 0.8 is instantly sold.

I doubt this coin will worth only 1 btc some day. see, 6600 blocks, you cant have 6600 BTC 700,000 USD made from nothing in 1 week.

6600 blocks is not 6600BTB please do a little more research

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May 08, 2013, 07:26:10 PM
 #70

Dropping like a stone just as expected. Have fun with that.
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May 08, 2013, 07:28:13 PM
 #71

So i will make a new coin with 1 block every 1 hour and each block only 0.5 coin, so that coin would worth 200 btc each.

lol.. with this coin

its all about who did it first. BitBar came first so it will always be the king of the bars just as Bitcoin is the king of the coins !!!

You know Trucoin.  I have been reading your posts with a little scepticism and thought you may not be all there but
it suddenly clicked.  

We have Bit-Coins, now we have Bit-Bars....  Why not?

LOL...  sorry for being so slow.... Grin

->  I guess 5 years ago if someone spoke openly on forums about such a concept called Bitcoin, they would have been ridiculed (and no doubt they were).  
     And today we post in forums about that same thing!
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May 08, 2013, 07:34:03 PM
 #72

No, it just proves that people have been paying too much for it.
look at bter, any sell order poop out below 0.8 is instantly sold.

I doubt this coin will worth only 1 btc some day. see, 6600 blocks, you cant have 6600 BTC 700,000 USD made from nothing in 1 week.

seeing this you really know which coin is overvalued and undervalued

The current money supply is no where near 6600 BTB, see here: http://bitbar.info/stats/index.php

If difficulty keep going up, the reward will keep go down, to reach 6600 BTB, it'll probabaly be some time next year.

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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May 08, 2013, 07:34:10 PM
 #73

So i will make a new coin with 1 block every 1 hour and each block only 0.5 coin, so that coin would worth 200 btc each.

lol.. with this coin

its all about who did it first. BitBar came first so it will always be the king of the bars just as Bitcoin is the king of the coins !!!

You know Trucoin.  I have been reading your posts with a little scepticism and thought you may not be all there but
it suddenly clicked.  

We have Bit-Coins, now we have Bit-Bars....  Why not?

LOL...  sorry for being so slow.... Grin

->  I guess 5 years ago if someone spoke of such a thing they would have been ridiculed.  And today we post in forums about that same thing!


No worries friend!!! It's all about our own personal evolution . Thanks  Grin

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May 08, 2013, 07:40:23 PM
 #74

No, it just proves that people have been paying too much for it.
look at bter, any sell order poop out below 0.8 is instantly sold.

I doubt this coin will worth only 1 btc some day. see, 6600 blocks, you cant have 6600 BTC 700,000 USD made from nothing in 1 week.

seeing this you really know which coin is overvalued and undervalued

The current money supply is no where near 6600 BTB, see here: http://bitbar.info/stats/index.php

If difficulty keep going up, the reward will keep go down, to reach 6600 BTB, it'll probabaly be some time next year.

Tell that to someone that made a fake graph showing that we would have 21mil BTB by midyear 2013. Lol.
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May 08, 2013, 07:41:50 PM
 #75

4.49 BTB for sale, on BTER, cheapest yet,  .67 btc - 1 3.008 btc for the lot
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May 08, 2013, 07:43:04 PM
 #76

Does anybody know the profitability compared to other coins? I've been mining these things for a few hours now and I have no idea if it's worth the time xD Thanks!

Wanna spend some Bitcoins with a prepaid Master Card? All you need is a VirWox Account and a Skrill Master Card Wink
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May 08, 2013, 07:43:49 PM
 #77

Let's see what the free market prices them at. At the current difficulty only 20 bitbars  are made a day across the entire network... will the price reflect that... check back in 48 hours to find out  Cool
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May 08, 2013, 07:44:57 PM
 #78

Does anybody know the profitability compared to other coins? I've been mining these things for a few hours now and I have no idea if it's worth the time xD Thanks!

If you dont mind waiting, you can probably sell one for 2 BTC. Just dont be a rush or panic seller like the majority of people and you will be fine.
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May 08, 2013, 07:47:45 PM
 #79

I just want people to really think about the future for a second before you sell your BTB. BitBar was designed to be as RARE as a physical GOLD BAR. BTB is a BAR of thousands of digital coins. Its not just a way of thinking. To mine 1 BTB could take a year . So there-for the price of a BTB could reflect a years worth of mining and payment. This is what you need to look at when you think about BitBar. i should not be telling you this. i should be buying up all you selling your BTB for nothing but i know that it is never good for one person to hold the sway of one commodity. I want us all to be well off with our digital investments. PLease think of the facts before selling your BTB .

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May 08, 2013, 07:48:44 PM
 #80

No, it just proves that people have been paying too much for it.
look at bter, any sell order poop out below 0.8 is instantly sold.

I doubt this coin will worth only 1 btc some day. see, 6600 blocks, you cant have 6600 BTC 700,000 USD made from nothing in 1 week.

seeing this you really know which coin is overvalued and undervalued


700,000 USD made from nothing in 1 week... oh, you mean like Feathercoin?

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May 08, 2013, 07:49:10 PM
 #81

The word "bars" is purely a marketing tactic. Just because there is less of it in comparison to BTC doesn't automatically make it more valuable. It just means it's less likely to be able to be impacted by pump and dumps and therefore be reasonably stable in it's price fluctuations

The sell prices are already coming down and there is now only a 0.07 variance so we're no doubt getting to the real initial market value now.

I've nothing against BitBar, hell I made 1.6 BTC by selling my mined coins (sorry I meant bars) some 24 hours after the release. Will you ever see 7 BTC : 1 BTB? Maybe, but it's too early tell and even if you do it's not likely to be any time soon.
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May 08, 2013, 07:49:15 PM
 #82

How dumb do you have to be to think that a random altcoin should be valued in some direct comparison to BTC just because it's difficult to mine? Seriously people, use your brain.
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May 08, 2013, 07:50:41 PM
 #83

Does anybody know the profitability compared to other coins? I've been mining these things for a few hours now and I have no idea if it's worth the time xD Thanks!

If you dont mind waiting, you can probably sell one for 2 BTC. Just dont be a rush or panic seller like the majority of people and you will be fine.
I would....but I have to know how long it takes to mine a BTB. There's no mining calculator out there and the only pool doesn't even show stats -.-

Wanna spend some Bitcoins with a prepaid Master Card? All you need is a VirWox Account and a Skrill Master Card Wink
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May 08, 2013, 07:52:28 PM
 #84

How dumb do you have to be to think that a random altcoin should be valued in some direct comparison to BTC just because it's difficult to mine? Seriously people, use your brain.

yes people use your brains. there are transaction going on as we speak for 4-7 BTC per 1 BTB. Understand not everyone has your well being in mind . HOLD YOUR BitBars

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May 08, 2013, 07:53:45 PM
 #85

Some retard is trying to dump the price by selling 0.01BTB in a row for lower price, haters gona hate even if they lose money Smiley

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rbdrbd
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May 08, 2013, 07:54:24 PM
 #86

How dumb do you have to be to think that a random altcoin should be valued in some direct comparison to BTC just because it's difficult to mine? Seriously people, use your brain.

yes people use your brains. there are transaction going on as we speak for 4-7 BTC per 1 BTB. Understand not everyone has your well being in mind . HOLD YOUR BitBars

Can you produce solid evidence of this?

I will be holding on to the majority of my bitbars myself, but I don't think bitbars are to that point in trading (yet, possibly).
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May 08, 2013, 07:55:37 PM
 #87

Some retard is trying to dump the price by selling 0.01BTB in a row for lower price, haters gona hate even if they lose money Smiley

I saw that LOL.
How dumb do you have to be to think that a random altcoin should be valued in some direct comparison to BTC just because it's difficult to mine? Seriously people, use your brain.

yes people use your brains. there are transaction going on as we speak for 4-7 BTC per 1 BTB. Understand not everyone has your well being in mind . HOLD YOUR BitBars

Can you produce solid evidence of this?

I will be holding on to the majority of my bitbars myself, but I don't think bitbars are to that point in trading (yet, possibly).

Im holding mine too. Like i said, even if its 20BTC worth, thats not a big amount to me if I lose it by not selling.  Grin
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May 08, 2013, 07:56:07 PM
 #88

The word "bars" is purely a marketing tactic. Just because there is less of it in comparison to BTC doesn't automatically make it more valuable. It just means it's less likely to be able to be impacted by pump and dumps and therefore be reasonably stable in it's price fluctuations

The sell prices are already coming down and there is now only a 0.07 variance so we're no doubt getting to the real initial market value now.

I've nothing against BitBar, hell I made 1.6 BTC by selling my mined coins (sorry I meant bars) some 24 hours after the release. Will you ever see 7 BTC : 1 BTB? Maybe, but it's too early tell and even if you do it's not likely to be any time soon.

Its not just a marketing ploy . in the digital world it is just as hard to mine a Bitbar as it is to mine a real world Gold Bar. It was only the logical evolution to crypto-currency .Not to mention BitBar has discouraged the creation of clone alt-coins to further saturate the crypto market

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May 08, 2013, 07:57:40 PM
 #89

I just want people to really think about the future for a second before you sell your BTB. BitBar was designed to be as RARE as a physical GOLD BAR. BTB is a BAR of thousands of digital coins. Its not just a way of thinking. To mine 1 BTB could take a year . So there-for the price of a BTB could reflect a years worth of mining and payment. This is what you need to look at when you think about BitBar. i should not be telling you this. i should be buying up all you selling your BTB for nothing but i know that it is never good for one person to hold the sway of one commodity. I want us all to be well off with our digital investments. PLease think of the facts before selling your BTB .

Dude stop pumpin your BS scamcoin already, if its so under-priced STFU and buy up the whole market.

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May 08, 2013, 07:57:50 PM
 #90

Some retard is trying to dump the price by selling 0.01BTB in a row for lower price, haters gona hate even if they lose money Smiley

agree 100% thank you for pointing this out

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May 08, 2013, 08:00:02 PM
 #91

Some retard is trying to dump the price by selling 0.01BTB in a row for lower price, haters gona hate even if they lose money Smiley

I saw that LOL.
How dumb do you have to be to think that a random altcoin should be valued in some direct comparison to BTC just because it's difficult to mine? Seriously people, use your brain.

yes people use your brains. there are transaction going on as we speak for 4-7 BTC per 1 BTB. Understand not everyone has your well being in mind . HOLD YOUR BitBars

Can you produce solid evidence of this?

I will be holding on to the majority of my bitbars myself, but I don't think bitbars are to that point in trading (yet, possibly).

Im holding mine too. Like i said, even if its 20BTC worth, thats not a big amount to me if I lose it by not selling.  Grin

Holding mine as well... I'm not out to make a quick buck.
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May 08, 2013, 08:00:22 PM
 #92

The word "bars" is purely a marketing tactic. Just because there is less of it in comparison to BTC doesn't automatically make it more valuable. It just means it's less likely to be able to be impacted by pump and dumps and therefore be reasonably stable in it's price fluctuations

The sell prices are already coming down and there is now only a 0.07 variance so we're no doubt getting to the real initial market value now.

I've nothing against BitBar, hell I made 1.6 BTC by selling my mined coins (sorry I meant bars) some 24 hours after the release. Will you ever see 7 BTC : 1 BTB? Maybe, but it's too early tell and even if you do it's not likely to be any time soon.

Its not just a marketing ploy . in the digital world it is just as hard to mine a Bitbar as it is to mine a real world Gold Bar. It was only the logical evolution to crypto-currency .Not to mention BitBar has discouraged the creation of clone alt-coins to further saturate the crypto market

Yea, it's so hard to mine that 850 bitbars were mined in the first 30 minutes by around 3 people alone.

LOL

CrapBar: http://btb.cryptocoinexplorer.com/chain/BitBar?count=2016&hi=2015
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May 08, 2013, 08:00:44 PM
Last edit: May 08, 2013, 08:13:10 PM by TruCoin
 #93

I just want people to really think about the future for a second before you sell your BTB. BitBar was designed to be as RARE as a physical GOLD BAR. BTB is a BAR of thousands of digital coins. Its not just a way of thinking. To mine 1 BTB could take a year . So there-for the price of a BTB could reflect a years worth of mining and payment. This is what you need to look at when you think about BitBar. i should not be telling you this. i should be buying up all you selling your BTB for nothing but i know that it is never good for one person to hold the sway of one commodity. I want us all to be well off with our digital investments. PLease think of the facts before selling your BTB .

Dude stop pumpin your BS scamcoin already, if its so under-priced STFU and buy up the whole market.

no worries buddy dont buy BTB dont sell BTB go back to the alt-coin section and get back to mining thousands of worthless coins. My advise is for the people holding BTB . not for people who lacked the vision and did not  get involved in BTB. So go seek life elsewhere

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May 08, 2013, 08:01:14 PM
 #94

in the digital world it is just as hard to mine a Bitbar as it is to mine a real world Gold Bar

LMAO - this is comedy...gold.

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May 08, 2013, 08:03:23 PM
 #95

I just want people to really think about the future for a second before you sell your BTB. BitBar was designed to be as RARE as a physical GOLD BAR. BTB is a BAR of thousands of digital coins. Its not just a way of thinking. To mine 1 BTB could take a year . So there-for the price of a BTB could reflect a years worth of mining and payment. This is what you need to look at when you think about BitBar. i should not be telling you this. i should be buying up all you selling your BTB for nothing but i know that it is never good for one person to hold the sway of one commodity. I want us all to be well off with our digital investments. PLease think of the facts before selling your BTB .

Dude stop pumpin your BS scamcoin already, if its so under-priced STFU and buy up the whole market.

no worries buddy dont buy BTB dont sell BTB go back to the alt-coin section and get back to mining thousands of worthless coins. My advise is for the people holding BTB . not for people who lacked vision not to get involved in BTB. So go seek life elsewhere

The only alt-coin is PPCoin - made a thread about this over a month ago as these ridiculous clonecoins started popping up: https://bitcointalk.org/index.php?topic=167848.0

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May 08, 2013, 08:05:08 PM
 #96

I just want people to really think about the future for a second before you sell your BTB. BitBar was designed to be as RARE as a physical GOLD BAR. BTB is a BAR of thousands of digital coins. Its not just a way of thinking. To mine 1 BTB could take a year . So there-for the price of a BTB could reflect a years worth of mining and payment. This is what you need to look at when you think about BitBar. i should not be telling you this. i should be buying up all you selling your BTB for nothing but i know that it is never good for one person to hold the sway of one commodity. I want us all to be well off with our digital investments. PLease think of the facts before selling your BTB .

Dude stop pumpin your BS scamcoin already, if its so under-priced STFU and buy up the whole market.

no worries buddy dont buy BTB dont sell BTB go back to the alt-coin section and get back to mining thousands of worthless coins. My advise is for the people holding BTB . not for people who lacked vision not to get involved in BTB. So go seek life elsewhere

The only alt-coin is PPCoin - made a thread about this over a month ago as these ridiculous clonecoins started popping up: https://bitcointalk.org/index.php?topic=167848.0

I lol'd at this.
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May 08, 2013, 08:05:55 PM
 #97

I just want people to really think about the future for a second before you sell your BTB. BitBar was designed to be as RARE as a physical GOLD BAR. BTB is a BAR of thousands of digital coins. Its not just a way of thinking. To mine 1 BTB could take a year . So there-for the price of a BTB could reflect a years worth of mining and payment. This is what you need to look at when you think about BitBar. i should not be telling you this. i should be buying up all you selling your BTB for nothing but i know that it is never good for one person to hold the sway of one commodity. I want us all to be well off with our digital investments. PLease think of the facts before selling your BTB .

Dude stop pumpin your BS scamcoin already, if its so under-priced STFU and buy up the whole market.

I'm loading my BTER account right now, can't afford the whole market...but I'll grab as much as I can right now...have you tried mining this?  I got about .25 in two days and I started day 2...it's getting harder already.

Please add more BTC here (my son will apprecciate it when he's older): 14WsxbeRcgsSYZyNSRJqEAmB1MKAzHhsCT
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May 08, 2013, 08:06:48 PM
 #98

I just want people to really think about the future for a second before you sell your BTB. BitBar was designed to be as RARE as a physical GOLD BAR. BTB is a BAR of thousands of digital coins. Its not just a way of thinking. To mine 1 BTB could take a year . So there-for the price of a BTB could reflect a years worth of mining and payment. This is what you need to look at when you think about BitBar. i should not be telling you this. i should be buying up all you selling your BTB for nothing but i know that it is never good for one person to hold the sway of one commodity. I want us all to be well off with our digital investments. PLease think of the facts before selling your BTB .

Dude stop pumpin your BS scamcoin already, if its so under-priced STFU and buy up the whole market.

no worries buddy dont buy BTB dont sell BTB go back to the alt-coin section and get back to mining thousands of worthless coins. My advise is for the people holding BTB . not for people who lacked vision not to get involved in BTB. So go seek life elsewhere

The only alt-coin is PPCoin - made a thread about this over a month ago as these ridiculous clonecoins started popping up: https://bitcointalk.org/index.php?topic=167848.0

I lol'd at this.

Yea? Which part specifically was so funny?

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May 08, 2013, 08:07:58 PM
 #99

Oh...and in case you happen to want it...I'm willing to sell ONE BTB for TEN BTC...may be a little early for this price-point...but it won't be for long...people will wish they had when it's 100BTC :1 BTB

Please add more BTC here (my son will apprecciate it when he's older): 14WsxbeRcgsSYZyNSRJqEAmB1MKAzHhsCT
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May 08, 2013, 08:08:03 PM
 #100

http://web-japan.org/nipponia/nipponia45/images/feature/11_02.jpg

I though this picture would be a good representation of the bitBar miners  Grin

Cheers

Its all about what the people want...
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May 08, 2013, 08:08:13 PM
 #101

woulndt the network just collapse when there's no incentive left for miners? why would ppl mine btb with no reward and no transactions to get fees from?
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May 08, 2013, 08:08:25 PM
 #102

I just want people to really think about the future for a second before you sell your BTB. BitBar was designed to be as RARE as a physical GOLD BAR. BTB is a BAR of thousands of digital coins. Its not just a way of thinking. To mine 1 BTB could take a year . So there-for the price of a BTB could reflect a years worth of mining and payment. This is what you need to look at when you think about BitBar. i should not be telling you this. i should be buying up all you selling your BTB for nothing but i know that it is never good for one person to hold the sway of one commodity. I want us all to be well off with our digital investments. PLease think of the facts before selling your BTB .

Dude stop pumpin your BS scamcoin already, if its so under-priced STFU and buy up the whole market.

no worries buddy dont buy BTB dont sell BTB go back to the alt-coin section and get back to mining thousands of worthless coins. My advise is for the people holding BTB . not for people who lacked vision not to get involved in BTB. So go seek life elsewhere

The only alt-coin is PPCoin - made a thread about this over a month ago as these ridiculous clonecoins started popping up: https://bitcointalk.org/index.php?topic=167848.0

I lol'd at this.

Yea? Which part specifically was so funny?

I lol'd at this too. Obviously cannot read correctly.
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May 08, 2013, 08:09:51 PM
 #103

The problem right now is that the BTB link on Bter is not public so mostly users that have BTB know about it and a very small amount of new users get to know about it. That's why there is more selling than buying going on. Personally i've never been a fan of alt-coins and only own BTC and LTC right now. But for BTB i see a future since it's a technologically advanced coin and not just another litecoin copy. I really like the thinking the devs have been doing with this. But time will show, let the free market decide it's value just like it does with BTC.
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May 08, 2013, 08:10:08 PM
 #104

I just want people to really think about the future for a second before you sell your BTB. BitBar was designed to be as RARE as a physical GOLD BAR. BTB is a BAR of thousands of digital coins. Its not just a way of thinking. To mine 1 BTB could take a year . So there-for the price of a BTB could reflect a years worth of mining and payment. This is what you need to look at when you think about BitBar. i should not be telling you this. i should be buying up all you selling your BTB for nothing but i know that it is never good for one person to hold the sway of one commodity. I want us all to be well off with our digital investments. PLease think of the facts before selling your BTB .

Dude stop pumpin your BS scamcoin already, if its so under-priced STFU and buy up the whole market.

no worries buddy dont buy BTB dont sell BTB go back to the alt-coin section and get back to mining thousands of worthless coins. My advise is for the people holding BTB . not for people who lacked vision not to get involved in BTB. So go seek life elsewhere

The only alt-coin is PPCoin - made a thread about this over a month ago as these ridiculous clonecoins started popping up: https://bitcointalk.org/index.php?topic=167848.0

I lol'd at this.

Yea? Which part specifically was so funny?

I lol'd at this too. Obviously cannot read correctly.

You know all that LOL'ing and I was started to think you might be high on something, but then I see feathercoin in your profile and thought, well no you cant buy jack with that.

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May 08, 2013, 08:10:26 PM
 #105

woulndt the network just collapse when there's no incentive left for miners? why would ppl mine btb with no reward and no transactions to get fees from?

That's the beauty of PPC based coins, as miners reach saturation point, and start leaving, rewards start coming back, so the network is nearly always at the optimum mining/price equilibrium. Just take a look at history of PPC mining and you'll get the idea.

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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May 08, 2013, 08:11:43 PM
 #106

I think we all need to stop this, market will make a price, EOD!

Also premined or not, its not like 5% is premined or the maker will dump it now, also early adopters always get the big premium, so what like the life is fair???

I got 700 YAC in 3h and now nothing thats almost 1BTC for notning, so is it my fault or?

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May 08, 2013, 08:12:16 PM
 #107

I'm loading my BTER account right now, can't afford the whole market...but I'll grab as much as I can right now...have you tried mining this?  I got about .25 in two days and I started day 2...it's getting harder already.

Just bid over 0.5 and you'll be at the top of the list, no point paying over the odds unless you're desperate to buy up the market at any cost.
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May 08, 2013, 08:12:44 PM
 #108

The word "bars" is purely a marketing tactic. Just because there is less of it in comparison to BTC doesn't automatically make it more valuable. It just means it's less likely to be able to be impacted by pump and dumps and therefore be reasonably stable in it's price fluctuations

The sell prices are already coming down and there is now only a 0.07 variance so we're no doubt getting to the real initial market value now.

I've nothing against BitBar, hell I made 1.6 BTC by selling my mined coins (sorry I meant bars) some 24 hours after the release. Will you ever see 7 BTC : 1 BTB? Maybe, but it's too early tell and even if you do it's not likely to be any time soon.

Its not just a marketing ploy . in the digital world it is just as hard to mine a Bitbar as it is to mine a real world Gold Bar. It was only the logical evolution to crypto-currency .Not to mention BitBar has discouraged the creation of clone alt-coins to further saturate the crypto market

Yea, it's so hard to mine that 850 bitbars were mined in the first 30 minutes by around 3 people alone.

LOL

CrapBar: http://btb.cryptocoinexplorer.com/chain/BitBar?count=2016&hi=2015

No kidding. Scam all the way to the bank for a few assholes, useless shitcoin scam for the rest.
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May 08, 2013, 08:17:59 PM
 #109

I think we all need to stop this, market will make a price, EOD!

Also premined or not, its not like 5% is premined or the maker will dump it now, also early adopters always get the big premium, so what like the life is fair???

I got 700 YAC in 3h and now nothing thats almost 1BTC for notning, so is it my fault or?


Guys, I love Bitcoin but people tend to forget that the early adopters hold about 50% of it. I've heard alot of talk about how they fought to make it popular and that's true for some of them. But most of them just sat on their asses and let their computer mine a few years ago. Now they're millionaires and everyday we see how some of them manipulate the market on MtGox. With that said i still love Bitcoin, but if you're someone that doesn't want to get involved with something where the early adopters are hugely rewarded i don't understand what you're doing on a Bitcoin forum.
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May 08, 2013, 08:23:01 PM
 #110

lol, Someone trying to rig the prices the other way now by initiating buy/sell orders in the 0.8 range to make it appear that it is the going rate. Are you buying from yourself Trucoin?  Wink
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May 08, 2013, 08:23:56 PM
 #111

Volume is increasing, when I last looked it was in the 40s.
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May 08, 2013, 08:27:37 PM
 #112

I just want people to really think about the future for a second before you sell your BTB. BitBar was designed to be as RARE as a physical GOLD BAR. BTB is a BAR of thousands of digital coins. Its not just a way of thinking. To mine 1 BTB could take a year . So there-for the price of a BTB could reflect a years worth of mining and payment. This is what you need to look at when you think about BitBar. i should not be telling you this. i should be buying up all you selling your BTB for nothing but i know that it is never good for one person to hold the sway of one commodity. I want us all to be well off with our digital investments. PLease think of the facts before selling your BTB .

Dude stop pumpin your BS scamcoin already, if its so under-priced STFU and buy up the whole market.

no worries buddy dont buy BTB dont sell BTB go back to the alt-coin section and get back to mining thousands of worthless coins. My advise is for the people holding BTB . not for people who lacked vision not to get involved in BTB. So go seek life elsewhere

The only alt-coin is PPCoin - made a thread about this over a month ago as these ridiculous clonecoins started popping up: https://bitcointalk.org/index.php?topic=167848.0

I lol'd at this.

Yea? Which part specifically was so funny?

I lol'd at this too. Obviously cannot read correctly.

You know all that LOL'ing and I was started to think you might be high on something, but then I see feathercoin in your profile and thought, well no you cant buy jack with that.

Complain, whine and troll. Go ahead. If you think I cannot buy anything with FeatherCoin, you're wrong. Hmmm, lets see, if i traded it for BitCoins right now on BTC-e, that comes out to about xxx BitCoins. If you cannot tell the difference between your post and a version of your post with bolded parts, you are the one that is high. So, let me tell you now since you cannot read and tell the difference.

"The only alt-coin is PPCoin" <---- I guess you were late and missed out on buying LTC then.  Grin
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May 08, 2013, 08:28:07 PM
 #113

lol, Someone trying to rig the prices the other way now by initiating buy/sell orders in the 0.8 range to make it appear that it is the going rate. Are you buying from yourself Trucoin?  Wink



 i wont even consider selling my BTB for at least 5-12 months. if the price is going to reach were i think its going to go .people are going to hate them-selves for selling there BITBARS for peanuts. in The past it took a couple thousand BTC to make you a titan of cypto-currency . I feel in the near future  a couple   BTB will have the same effect NOTE: 2 BTB to make you financially well off

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May 08, 2013, 08:29:49 PM
 #114

I think we all need to stop this, market will make a price, EOD!

Also premined or not, its not like 5% is premined or the maker will dump it now, also early adopters always get the big premium, so what like the life is fair???

I got 700 YAC in 3h and now nothing thats almost 1BTC for notning, so is it my fault or?


Guys, I love Bitcoin but people tend to forget that the early adopters hold about 50% of it. I've heard alot of talk about how they fought to make it popular and that's true for some of them. But most of them just sat on their asses and let their computer mine a few years ago. Now they're millionaires and everyday we see how some of them manipulate the market on MtGox. With that said i still love Bitcoin, but if you're someone that doesn't want to get involved with something where the early adopters are hugely rewarded i don't understand what you're doing on a Bitcoin forum.

Yea because mining for years when no one knew wtf a cryptocurrency was is exactly the same as mining a clonecoin for a day, that has no benefit whatsoever other than enriching the few people in on the scheme.

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May 08, 2013, 08:32:34 PM
 #115

How dumb do you have to be to think that a random altcoin should be valued in some direct comparison to BTC just because it's difficult to mine? Seriously people, use your brain.

The scarcity will keep the price high. NVC is worth nothing, yet in spite of this it's priced higher than LTC simply because there isn't as much supply. People who like to diversify will want some to keep on hand as insurance or to dump during rallies.


Does anybody know the profitability compared to other coins? I've been mining these things for a few hours now and I have no idea if it's worth the time xD Thanks!

Pretty sure at this point given the number of people who inexplicably just jumped on BTB, the best way to mine for it is to mine for LTC> Trade for BTC> Trade for BTB.


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May 08, 2013, 08:33:23 PM
 #116

I just want people to really think about the future for a second before you sell your BTB. BitBar was designed to be as RARE as a physical GOLD BAR. BTB is a BAR of thousands of digital coins. Its not just a way of thinking. To mine 1 BTB could take a year . So there-for the price of a BTB could reflect a years worth of mining and payment. This is what you need to look at when you think about BitBar. i should not be telling you this. i should be buying up all you selling your BTB for nothing but i know that it is never good for one person to hold the sway of one commodity. I want us all to be well off with our digital investments. PLease think of the facts before selling your BTB .

Dude stop pumpin your BS scamcoin already, if its so under-priced STFU and buy up the whole market.

no worries buddy dont buy BTB dont sell BTB go back to the alt-coin section and get back to mining thousands of worthless coins. My advise is for the people holding BTB . not for people who lacked vision not to get involved in BTB. So go seek life elsewhere

The only alt-coin is PPCoin - made a thread about this over a month ago as these ridiculous clonecoins started popping up: https://bitcointalk.org/index.php?topic=167848.0

I lol'd at this.

Yea? Which part specifically was so funny?

I lol'd at this too. Obviously cannot read correctly.

You know all that LOL'ing and I was started to think you might be high on something, but then I see feathercoin in your profile and thought, well no you cant buy jack with that.

Complain, whine and troll. Go ahead. If you think I cannot buy anything with FeatherCoin, you're wrong. Hmmm, lets see, if i traded it for BitCoins right now on BTC-e, that comes out to about xxx BitCoins. If you cannot tell the difference between your post and a version of your post with bolded parts, you are the one that is high. So, let me tell you now since you cannot read and tell the difference.

"The only alt-coin is PPCoin" <---- I guess you were late and missed out on buying LTC then.  Grin

Well obviously you didn't read the thread and are uneducated about my stance. I don't consider LTC an ALTERNATIVE coin because in the unlikely case where something dramatic might kill Bitcoin like some error in the code, and hence an alternative would need to step up, Litecoin would not be fit to operate either because its based on exactly the same code.

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May 08, 2013, 08:36:11 PM
 #117

How dumb do you have to be to think that a random altcoin should be valued in some direct comparison to BTC just because it's difficult to mine? Seriously people, use your brain.

The scarcity will keep the price high. NVC is worth nothing, yet in spite of this it's priced higher than LTC simply because there isn't as much supply. People who like to diversify will want some to keep on hand as insurance or to dump during rallies.


Yeah. Mincoin is similar in that regard too. And has a lot of haters. Seems like mincoin, nvc and bitbar have more in common than just scarce supply.

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May 08, 2013, 08:39:07 PM
 #118

Does anyone else find themselves singing Don't Stop Believin' whenever Trucoin posts or is it just me?

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May 08, 2013, 08:40:38 PM
 #119

http://www.coinwarz.com/cryptocurrency
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May 08, 2013, 08:45:28 PM
 #120

I think we all need to stop this, market will make a price, EOD!

Also premined or not, its not like 5% is premined or the maker will dump it now, also early adopters always get the big premium, so what like the life is fair???

I got 700 YAC in 3h and now nothing thats almost 1BTC for notning, so is it my fault or?


Guys, I love Bitcoin but people tend to forget that the early adopters hold about 50% of it. I've heard alot of talk about how they fought to make it popular and that's true for some of them. But most of them just sat on their asses and let their computer mine a few years ago. Now they're millionaires and everyday we see how some of them manipulate the market on MtGox. With that said i still love Bitcoin, but if you're someone that doesn't want to get involved with something where the early adopters are hugely rewarded i don't understand what you're doing on a Bitcoin forum.

Yea because mining for years when no one knew wtf a cryptocurrency was is exactly the same as mining a clonecoin for a day, that has no benefit whatsoever other than enriching the few people in on the scheme.
People already know wtf crypto is since 2 years ago so get your fact right. And your argument seem like you are butthurt because someone mined before you a day.

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May 08, 2013, 08:46:06 PM
 #121


That will last about another two seconds. Given that it takes nearly two days to get a payout and the one pool for it is wak, it might not be profitable by the time you can dump the coin. Especially after another 100 people jump on it.
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May 08, 2013, 08:47:04 PM
 #122

How dumb do you have to be to think that a random altcoin should be valued in some direct comparison to BTC just because it's difficult to mine? Seriously people, use your brain.

The scarcity will keep the price high. NVC is worth nothing, yet in spite of this it's priced higher than LTC simply because there isn't as much supply. People who like to diversify will want some to keep on hand as insurance or to dump during rallies.


Yeah. Mincoin is similar in that regard too. And has a lot of haters. Seems like mincoin, nvc and bitbar have more in common than just scarce supply.



The fact that Bitbar is mentioned in the same breath as Mincoin shows just how scammy, worthless, overhyped and doomed it is.
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May 08, 2013, 10:20:02 PM
 #123

that may have been a mistake.. 0.63
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May 08, 2013, 11:31:02 PM
 #124

Seeing this bar has only 0.15 reward per block.. i think its very undervalued... it will rise.. to around 2.5 btc per btb
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May 08, 2013, 11:38:33 PM
 #125


the fact that the exchange has started to trade btbs unofficially is counterproductive for the price. no new buyers get attracted cause nobody learns about btbs, instead alot of miners/hoarders start selling.
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May 08, 2013, 11:41:44 PM
 #126

Seeing this bar has only 0.15 reward per block.. i think its very undervalued... it will rise.. to around 2.5 btc per btb

Sure buddy, cause releasing a coin with a shitty reward system makes it REALLY valuable. DERP!
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May 08, 2013, 11:42:32 PM
 #127


the fact that the exchange has started to trade btbs unofficially is counterproductive for the price. no new buyers get attracted cause nobody learns about btbs, instead alot of miners/hoarders start selling.

Agree, thats why this should have been keep private till public release

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May 08, 2013, 11:47:33 PM
 #128


the fact that the exchange has started to trade btbs unofficially is counterproductive for the price. no new buyers get attracted cause nobody learns about btbs, instead alot of miners/hoarders start selling.

Agree, thats why this should have been keep private till public release

It's all part of the pre-mine mentality. Stock up on the pre-market!
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May 09, 2013, 01:46:14 AM
 #129

the price so low
RustyShackleford1950
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May 09, 2013, 02:08:35 AM
 #130

What happened to the forum over the last few hours? Did all the children just get home from school? It's unbelievable how immature some of the posts in here are.

We should really be talking facts, not listening to trolls, so let's talk facts:

1. Bitbar is essentially based on one core idea, extreme rarity. Extreme rarity/extreme scarcity has intrinsic benefits in that it's resistant to pump and dump schemes, and thus it's price will remain relatively stable. This makes it an ideal store of wealth. This also makes it significantly unique.
2. Bitbar incorporates ideas from Novacoin, namely POS and POW in combination. It was an offshoot of the fairnova project, aimed at introducing a coin with the good ideas of novacoin, without the 200,000 pre-mined coins by the dev.
3. The network hashrate is very strong and continuing to grow.

Now, if we want to talk about a fair price, let's do a comparison:

  • You've got 18,859,022 ppcoins as of today, at a price of 0.00254 BTC/PPC.
  • You've got 6,513,850 feathercoins as of today, at a price of 0.00202 BTC/FTC.
  • You've got 387,261 novacoins as of today, at a price of 0.0311 BTC/NVC.
  • Compare that to 2,786 bitbars as of today, at a price of 0.69 BTC/BTB.

This makes the total value of all PPcoins 47,901BTC, the total value of all feathercoins around 13,222BTC, and the total value of all novacoins around 12,043BTC. Currently, if we go by the exchange rate on bter.com (which is in beta and not open to the public), you've got a total value of all bitbars around 1,860BTC.

To me, that seems seriously undervalued. Once bitbar on bter.com becomes public and is added to the menu for it's regular users, once bitbar is added to websites such as coinchoose, and hopefully if more real users start looking at bitbar, considering it's strengths and benefits, and ignoring the trolls, we might see this currency continue it's slow and steady march towards adoption.

That's the thing the childish trolls need to understand, this is a long term plan, a long term cryptocurrency, designed to stick around and remain at a stable fair price (whatever that becomes). The fundamentals are sound (design and network hash), and I can see it being accepted (eventually) as a real player.

On keyboard, the big d, rusty shackleford
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May 09, 2013, 02:10:03 AM
 #131

this coin has limited supply less than 2800 pieces in existance, so dont worry about price, most people keep their coin and dont want to sell at cheap rates, you can see the volume is very little is easy to "Pump n Dump" Smiley

Blah blah
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May 09, 2013, 02:10:28 AM
 #132

What happened to the forum over the last few hours? Did all the children just get home from school? It's unbelievable how immature some of the posts in here are.

We should really be talking facts, not listening to trolls, so let's talk facts:

1. Bitbar is essentially based on one core idea, extreme rarity. Extreme rarity/extreme scarcity has intrinsic benefits in that it's resistant to pump and dump schemes, and thus it's price will remain relatively stable. This makes it an ideal store of wealth. This also makes it significantly unique.
2. Bitbar incorporates ideas from Novacoin, namely POS and POW in combination. It was an offshoot of the fairnova project, aimed at introducing a coin with the good ideas of novacoin, without the 200,000 pre-mined coins by the dev.
3. The network hashrate is very strong and continuing to grow.

Now, if we want to talk about a fair price, let's do a comparison:

  • You've got 18,859,022 ppcoins as of today, at a price of 0.00254 BTC/PPC.
  • You've got 6,513,850 feathercoins as of today, at a price of 0.00202 BTC/FTC.
  • You've got 387,261 novacoins as of today, at a price of 0.0311 BTC/NVC.
  • Compare that to 2,786 bitbars as of today, at a price of 0.69 BTC/BTB.

This makes the total value of all PPcoins 47,901BTC, the total value of all feathercoins around 13,222BTC, and the total value of all novacoins around 12,043BTC. Currently, if we go by the exchange rate on bter.com (which is in beta and not open to the public), you've got a total value of all bitbars around 1,860BTC.

To me, that seems seriously undervalued. Once bitbar on bter.com becomes public and is added to the menu for it's regular users, once bitbar is added to websites such as coinchoose, and hopefully if more real users start looking at bitbar, considering it's strengths and benefits, and ignoring the trolls, we might see this currency continue it's slow and steady march towards adoption.

That's the thing the childish trolls need to understand, this is a long term plan, a long term cryptocurrency, designed to stick around and remain at a stable fair price (whatever that becomes). The fundamentals are sound (design and network hash), and I can see it being accepted (eventually) as a real player.

That is why you hold and wait  Smiley
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May 09, 2013, 02:12:31 AM
 #133

What happened to the forum over the last few hours? Did all the children just get home from school? It's unbelievable how immature some of the posts in here are.

We should really be talking facts, not listening to trolls, so let's talk facts:

1. Bitbar is essentially based on one core idea, extreme rarity. Extreme rarity/extreme scarcity has intrinsic benefits in that it's resistant to pump and dump schemes, and thus it's price will remain relatively stable. This makes it an ideal store of wealth. This also makes it significantly unique.
2. Bitbar incorporates ideas from Novacoin, namely POS and POW in combination. It was an offshoot of the fairnova project, aimed at introducing a coin with the good ideas of novacoin, without the 200,000 pre-mined coins by the dev.
3. The network hashrate is very strong and continuing to grow.

Now, if we want to talk about a fair price, let's do a comparison:

  • You've got 18,859,022 ppcoins as of today, at a price of 0.00254 BTC/PPC.
  • You've got 6,513,850 feathercoins as of today, at a price of 0.00202 BTC/FTC.
  • You've got 387,261 novacoins as of today, at a price of 0.0311 BTC/NVC.
  • Compare that to 2,786 bitbars as of today, at a price of 0.69 BTC/BTB.

This makes the total value of all PPcoins 47,901BTC, the total value of all feathercoins around 13,222BTC, and the total value of all novacoins around 12,043BTC. Currently, if we go by the exchange rate on bter.com (which is in beta and not open to the public), you've got a total value of all bitbars around 1,860BTC.

To me, that seems seriously undervalued. Once bitbar on bter.com becomes public and is added to the menu for it's regular users, once bitbar is added to websites such as coinchoose, and hopefully if more real users start looking at bitbar, considering it's strengths and benefits, and ignoring the trolls, we might see this currency continue it's slow and steady march towards adoption.

That's the thing the childish trolls need to understand, this is a long term plan, a long term cryptocurrency, designed to stick around and remain at a stable fair price (whatever that becomes). The fundamentals are sound (design and network hash), and I can see it being accepted (eventually) as a real player.

+1 . and dont you dare worry about pre-mined all the new alt-coins always got pre-mined branded on them. Smiley

Blah blah
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May 09, 2013, 02:27:06 AM
 #134

一the. point is somebody ;pay close attention to the coin.is't?
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May 09, 2013, 03:44:04 AM
 #135

Now, if we want to talk about a fair price, let's do a comparison:

  • You've got 18,859,022 ppcoins as of today, at a price of 0.00254 BTC/PPC.
  • You've got 6,513,850 feathercoins as of today, at a price of 0.00202 BTC/FTC.
  • You've got 387,261 novacoins as of today, at a price of 0.0311 BTC/NVC.
  • Compare that to 2,786 bitbars as of today, at a price of 0.69 BTC/BTB.

This makes the total value of all PPcoins 47,901BTC, the total value of all feathercoins around 13,222BTC, and the total value of all novacoins around 12,043BTC. Currently, if we go by the exchange rate on bter.com (which is in beta and not open to the public), you've got a total value of all bitbars around 1,860BTC.


PPC: 18859022 * 0.00254 = 47901BTC
FTC: 6513850 * 0.00202 = 13157BTC
NVC: 387261 * 0.0311 = 12043BTC

The contents of this tiny sample size clearly illustrate that comparing coins is a scholarly plan [/sarcasm]

I always have to just laugh at comparisons of coins. Coins don't compare, because they're all worthless! That said, I stocked up on bitbars because I think people are going to love the concept for about a month.
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May 09, 2013, 03:54:10 AM
 #136

Now, if we want to talk about a fair price, let's do a comparison:

  • You've got 18,859,022 ppcoins as of today, at a price of 0.00254 BTC/PPC.
  • You've got 6,513,850 feathercoins as of today, at a price of 0.00202 BTC/FTC.
  • You've got 387,261 novacoins as of today, at a price of 0.0311 BTC/NVC.
  • Compare that to 2,786 bitbars as of today, at a price of 0.69 BTC/BTB.

This makes the total value of all PPcoins 47,901BTC, the total value of all feathercoins around 13,222BTC, and the total value of all novacoins around 12,043BTC. Currently, if we go by the exchange rate on bter.com (which is in beta and not open to the public), you've got a total value of all bitbars around 1,860BTC.


PPC: 18859022 * 0.00254 = 47901BTC
FTC: 6513850 * 0.00202 = 13157BTC
NVC: 387261 * 0.0311 = 12043BTC

The contents of this tiny sample size clearly illustrate that comparing coins is a scholarly plan [/sarcasm]

I always have to just laugh at comparisons of coins. Coins don't compare, because they're all worthless! That said, I stocked up on bitbars because I think people are going to love the concept for about a month.

Actually, comparisons between coins can be made.

You can clearly see a pattern here even in this small sample.

PPCoin is considered a major coin, or at least a well established and well respected coin. Which is reflected in it's higher valuation.
FTC and NVC are both at about the same level in terms of their network and their public respect. They are both considered minor coins.

Bitbar will also be considered a minor coin if it isn't already. This would suggest that's it's price should reflect it's position. Though it hasn't got there yet, that's what the math says.

On keyboard, the big d, rusty shackleford
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May 09, 2013, 04:30:09 AM
 #137

I'm not bashing this coin (I don't have any so maybe I'm a bit jelly..)

but I seriously cannot imagine any coin being higher than BTC, that's just my opinion.

Will be very interesting to see where this goes.

You raise a good point, is a psychological thing. But to give an example:

   Say there are 5 bitcoins in existence, 10 litecoins, 50 feathercoins, and 100 namecoins.
   If the current real world economics are applied, and let's say bitcoin is valued at $100, then due to the availability of the other coins, litecoins are worth $50, feathercoins $10, and namecoins $5.
   That's how pricing currently works.
   Now if a new alt comes around; bitbar, and there's only 1 bitbar in existence, if we follow the pricing model, that bitbar is worth $500 dollars.

"But another alt can't be worth more than bitcoin?"
Of course it can, it's all about the economics of the coin, it's availability, circulation, supply, and future potential.

Personally, I think that bitbar has a future, it's an alt that's (so far) not been pumped, not been spruiked by shills, and has not been overhyped. It's just steadily chugged along in the background. That's what you want from an alt, steady, consistent growth with a long term future in mind.

No.

Scarcity is not the only factor in value. I could by that logic create a coin where only 0.0000000000001 of a piece exists and it's worth $1 million dollars.
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May 09, 2013, 04:41:50 AM
 #138

I'm not bashing this coin (I don't have any so maybe I'm a bit jelly..)

but I seriously cannot imagine any coin being higher than BTC, that's just my opinion.

Will be very interesting to see where this goes.

You raise a good point, is a psychological thing. But to give an example:

   Say there are 5 bitcoins in existence, 10 litecoins, 50 feathercoins, and 100 namecoins.
   If the current real world economics are applied, and let's say bitcoin is valued at $100, then due to the availability of the other coins, litecoins are worth $50, feathercoins $10, and namecoins $5.
   That's how pricing currently works.
   Now if a new alt comes around; bitbar, and there's only 1 bitbar in existence, if we follow the pricing model, that bitbar is worth $500 dollars.

"But another alt can't be worth more than bitcoin?"
Of course it can, it's all about the economics of the coin, it's availability, circulation, supply, and future potential.

Personally, I think that bitbar has a future, it's an alt that's (so far) not been pumped, not been spruiked by shills, and has not been overhyped. It's just steadily chugged along in the background. That's what you want from an alt, steady, consistent growth with a long term future in mind.

No.

Scarcity is not the only factor in value. I could by that logic create a coin where only 0.0000000000001 of a piece exists and it's worth $1 million dollars.


Then just f***ing do it.

To all the people who have no business aside from coming here to troll: Go trade a couple of thousand of YAC for BTC, cause I'm sure those have value.

ShareCoin Free and Fair Distribution. Sc8XY5PmHK1NJ2DNvJhS82AQVFwMGimX8w
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May 09, 2013, 04:52:34 AM
 #139

Scarcity is not the only factor in value. I could by that logic create a coin where only 0.0000000000001 of a piece exists and it's worth $1 million dollars.

Scarcity is valuable, because people think it is.
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May 09, 2013, 04:58:10 AM
 #140

I'm not bashing this coin (I don't have any so maybe I'm a bit jelly..)

but I seriously cannot imagine any coin being higher than BTC, that's just my opinion.

Will be very interesting to see where this goes.

You raise a good point, is a psychological thing. But to give an example:

   Say there are 5 bitcoins in existence, 10 litecoins, 50 feathercoins, and 100 namecoins.
   If the current real world economics are applied, and let's say bitcoin is valued at $100, then due to the availability of the other coins, litecoins are worth $50, feathercoins $10, and namecoins $5.
   That's how pricing currently works.
   Now if a new alt comes around; bitbar, and there's only 1 bitbar in existence, if we follow the pricing model, that bitbar is worth $500 dollars.

"But another alt can't be worth more than bitcoin?"
Of course it can, it's all about the economics of the coin, it's availability, circulation, supply, and future potential.

Personally, I think that bitbar has a future, it's an alt that's (so far) not been pumped, not been spruiked by shills, and has not been overhyped. It's just steadily chugged along in the background. That's what you want from an alt, steady, consistent growth with a long term future in mind.

No.

Scarcity is not the only factor in value. I could by that logic create a coin where only 0.0000000000001 of a piece exists and it's worth $1 million dollars.

Yes.

I don't really like responding to glib criticisms, but, yes, by that logic alone, if you created a coin where only 0.0000000000001 existed, which was then distributed to thousands of people in even smaller increments, say 1/100,000ths of the above number, AND the network hashing power supported the cryptocurrency and allowed many transactions to occur quickly, AND it was supported on an exchange. Then yes, the price should reflect other similarly priced coins of that volume and distribution. Though the benefits of such a hypothetical coin would be non-existent at this point in time.
Bitbar services a niche and backs up that service with solid hash rate, solid support, and a solid concept.

On keyboard, the big d, rusty shackleford
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May 09, 2013, 05:58:46 AM
 #141


In addition to your towel...please sell some BTB...I'm trying to buy but there are no trades going on...where is everyone? 

Don't stop believing is right...scam or not...I'm profiting on this one...NOM NOM NOM...sell me more BTB...I'm considering selling/sending Casascius coins to buy more right now it's so damned cheap.

Please add more BTC here (my son will apprecciate it when he's older): 14WsxbeRcgsSYZyNSRJqEAmB1MKAzHhsCT
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May 09, 2013, 08:58:48 AM
 #142

Scarcity is valuable, because people think it is.

If there is two identical coins with only difference being one of them will have a maximum amount of 100M coins, and the other one will have maximum of 1M coins. Isn't it rather logical for the rare one to be more valuable?
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May 09, 2013, 09:31:54 AM
 #143

What happened to the forum over the last few hours? Did all the children just get home from school? It's unbelievable how immature some of the posts in here are.

We should really be talking facts, not listening to trolls, so let's talk facts:

1. Bitbar is essentially based on one core idea, extreme rarity. Extreme rarity/extreme scarcity has intrinsic benefits in that it's resistant to pump and dump schemes, and thus it's price will remain relatively stable. This makes it an ideal store of wealth. This also makes it significantly unique.
2. Bitbar incorporates ideas from Novacoin, namely POS and POW in combination. It was an offshoot of the fairnova project, aimed at introducing a coin with the good ideas of novacoin, without the 200,000 pre-mined coins by the dev.
3. The network hashrate is very strong and continuing to grow.

Now, if we want to talk about a fair price, let's do a comparison:

  • You've got 18,859,022 ppcoins as of today, at a price of 0.00254 BTC/PPC.
  • You've got 6,513,850 feathercoins as of today, at a price of 0.00202 BTC/FTC.
  • You've got 387,261 novacoins as of today, at a price of 0.0311 BTC/NVC.
  • Compare that to 2,786 bitbars as of today, at a price of 0.69 BTC/BTB.

This makes the total value of all PPcoins 47,901BTC, the total value of all feathercoins around 13,222BTC, and the total value of all novacoins around 12,043BTC. Currently, if we go by the exchange rate on bter.com (which is in beta and not open to the public), you've got a total value of all bitbars around 1,860BTC.

To me, that seems seriously undervalued. Once bitbar on bter.com becomes public and is added to the menu for it's regular users, once bitbar is added to websites such as coinchoose, and hopefully if more real users start looking at bitbar, considering it's strengths and benefits, and ignoring the trolls, we might see this currency continue it's slow and steady march towards adoption.

That's the thing the childish trolls need to understand, this is a long term plan, a long term cryptocurrency, designed to stick around and remain at a stable fair price (whatever that becomes). The fundamentals are sound (design and network hash), and I can see it being accepted (eventually) as a real player.

+1

The resistance to high volume pump and dump in itself is a unique selling point!

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May 09, 2013, 11:07:11 AM
 #144

How many bitbars will there be in total?  It's already trading at 0.8BTC  Shocked
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May 09, 2013, 11:15:48 AM
 #145

How many bitbars will there be in total?  It's already trading at 0.8BTC  Shocked

Don't know in total, but currently 2805.

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May 09, 2013, 11:25:54 AM
 #146

It's at the top of coinchoose. Hash rate has shot up to 843MH.
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May 09, 2013, 11:35:35 AM
 #147

How many bitbars will there be in total?  It's already trading at 0.8BTC  Shocked
0.8 BTC seems pretty cheap because only 2805.697884 coins in existance and everyday more tough to mine it.

Blah blah
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May 09, 2013, 12:06:45 PM
 #148

Its about 1:1 now.
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May 09, 2013, 12:10:40 PM
 #149

Wow...

Those buy/sell orders sure did change in the last 8 hrs.

Sux for the guy who dumped yesterday @ .51


Its all about what the people want...
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May 09, 2013, 12:22:03 PM
 #150

Its about 1:1 now.

No it's not, someone just put up loads of micro buy transactions asking for 0.001 BTB to make it appear like that was what the going rate was. There's still a massive variance between what the sellers want for it and what the real buyers are prepared to pay for it.
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May 09, 2013, 12:25:47 PM
 #151

Its about 1:1 now.

No it's not, someone just put up loads of micro buy transactions asking for 0.0001 BTB to make it appear like that was what the going rate was. There's still a massive variance between what the sellers want for it and what the real buyers are prepared to pay for it.

I really wouldn't be concerned about the price. In the coming weeks it will rise up to a fairer value reflecting it's rarity. We'll see what happens if a second exchanges starts supporting it. Right now, it feels as though bitbar is the silent underdog that not too many people know about, and (thankfully), no one is scamming/pump and dump.

On keyboard, the big d, rusty shackleford
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May 09, 2013, 12:35:11 PM
 #152

To people thinking that this is a competition and that one BTB can never cost more than one BTC:
How are you thinking? These are not physical bitbars. Just like you can't hold a bitcoin in your hand. They are just strings of numbers which we call what we want to. We could call 0.001 BTB a bitcake and say it's worth 0.1 BTC then you would agree because it's less than 1 BTC. Or we could call 1000 LTC a litebar and now suddenly it's worth more than 1 BTC. Doesn't it mean that it's overvalued then? Don't put too much thinking into how much 1 bitbar or 1 litecoin is and can be worth. Look at the marketcap of the coins and divide it by the future number of coins. Then try to make an educated guess of how much the marketcap can grow.
In my opinion, when you look at it that way BTB has a lot of room to grow. It really ticks me off when people are trying to bash coins but don't even know what they're talking about.
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May 09, 2013, 12:42:50 PM
 #153

To people thinking that this is a competition and that one BTB can never cost more than one BTC:
How are you thinking? These are not physical bitbars. Just like you can't hold a bitcoin in your hand. They are just strings of numbers which we call what we want to. We could call 0.001 BTB a bitcake and say it's worth 0.1 BTC then you would agree because it's less than 1 BTC. Or we could call 1000 LTC a litebar and now suddenly it's worth more than 1 BTC. Doesn't it mean that it's overvalued then? Don't put too much thinking into how much 1 bitbar or 1 litecoin is and can be worth. Look at the marketcap of the coins and divide it by the future number of coins. Then try to make an educated guess of how much the marketcap can grow.
In my opinion, when you look at it that way BTB has a lot of room to grow. It really ticks me off when people are trying to bash coins but don't even know what they're talking about.

I like explanations like this. Thank you Smiley
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May 09, 2013, 12:45:24 PM
 #154

Getting over 1BTC per 1BTB will be a major psychological milestone for this currency. I think it will be the first altcoin to cross it.
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May 09, 2013, 12:48:10 PM
 #155

Getting over 1BTC per 1BTB will be a major psychological milestone for this currency. I think it will be the first altcoin to cross it.

This has already occured privately, and when it does publicly then all bets are off.

I am very interested to see where this goes....

Lol @ Bitcake.....

Its all about what the people want...
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May 09, 2013, 12:53:52 PM
 #156

To people thinking that this is a competition and that one BTB can never cost more than one BTC:
How are you thinking? These are not physical bitbars. Just like you can't hold a bitcoin in your hand. They are just strings of numbers which we call what we want to. We could call 0.001 BTB a bitcake and say it's worth 0.1 BTC then you would agree because it's less than 1 BTC. Or we could call 1000 LTC a litebar and now suddenly it's worth more than 1 BTC. Doesn't it mean that it's overvalued then? Don't put too much thinking into how much 1 bitbar or 1 litecoin is and can be worth. Look at the marketcap of the coins and divide it by the future number of coins. Then try to make an educated guess of how much the marketcap can grow.
In my opinion, when you look at it that way BTB has a lot of room to grow. It really ticks me off when people are trying to bash coins but don't even know what they're talking about.

Imo, bitbar will go the same way as all the other new alt coins lately: down as soon as they hit a major exchange.

It will rise because it's rare? Come on. It will drop, because even though it's rarer than other coins, some people have a lot and want to make a quick buck. (yes, yes, that's why most are here)

It's interesting that there are always coin believers with all kinds of stories about why THEIR coin should rise instead of the others.

No bashing, just look at CNC, FTC, BQC since they hit the exchange. Price hasn't skyrocketed.
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May 09, 2013, 12:56:45 PM
 #157

To people thinking that this is a competition and that one BTB can never cost more than one BTC:
How are you thinking? These are not physical bitbars. Just like you can't hold a bitcoin in your hand. They are just strings of numbers which we call what we want to. We could call 0.001 BTB a bitcake and say it's worth 0.1 BTC then you would agree because it's less than 1 BTC. Or we could call 1000 LTC a litebar and now suddenly it's worth more than 1 BTC. Doesn't it mean that it's overvalued then? Don't put too much thinking into how much 1 bitbar or 1 litecoin is and can be worth. Look at the marketcap of the coins and divide it by the future number of coins. Then try to make an educated guess of how much the marketcap can grow.
In my opinion, when you look at it that way BTB has a lot of room to grow. It really ticks me off when people are trying to bash coins but don't even know what they're talking about.

Imo, bitbar will go the same way as all the other new alt coins lately: down as soon as they hit a major exchange.

It will rise because it's rare? Come on. It will drop, because even though it's rarer than other coins, some people have a lot and want to make a quick buck. (yes, yes, that's why most are here)

It's interesting that there are always coin believers with all kinds of stories about why THEIR coin should rise instead of the others.

No bashing, just look at CNC, FTC, BQC since they hit the exchange. Price hasn't skyrocketed.

The problem with most altcoins is that they are litecoin copies made in a few hours. I think BTB has a lot of thought behind it and that's why i'm willing to give it a chance. But we'll see where it goes.
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May 09, 2013, 12:59:45 PM
 #158

To people thinking that this is a competition and that one BTB can never cost more than one BTC:
How are you thinking? These are not physical bitbars. Just like you can't hold a bitcoin in your hand. They are just strings of numbers which we call what we want to. We could call 0.001 BTB a bitcake and say it's worth 0.1 BTC then you would agree because it's less than 1 BTC. Or we could call 1000 LTC a litebar and now suddenly it's worth more than 1 BTC. Doesn't it mean that it's overvalued then? Don't put too much thinking into how much 1 bitbar or 1 litecoin is and can be worth. Look at the marketcap of the coins and divide it by the future number of coins. Then try to make an educated guess of how much the marketcap can grow.
In my opinion, when you look at it that way BTB has a lot of room to grow. It really ticks me off when people are trying to bash coins but don't even know what they're talking about.

Imo, bitbar will go the same way as all the other new alt coins lately: down as soon as they hit a major exchange.

It will rise because it's rare? Come on. It will drop, because even though it's rarer than other coins, some people have a lot and want to make a quick buck. (yes, yes, that's why most are here)

It's interesting that there are always coin believers with all kinds of stories about why THEIR coin should rise instead of the others.

No bashing, just look at CNC, FTC, BQC since they hit the exchange. Price hasn't skyrocketed.

The problem with most altcoins is that they are litecoin copies made in a few hours. I think BTB has a lot of thought behind it and that's why i'm willing to give it a chance. But we'll see where it goes.

Also, if an alt coin is innovative and good (and believers think this coin has its own purpose besides making a quick buck), why is being on a major exchange so important? Can't it exist on it's own? Why does it need to have a value in BTC/LTC whatever?  Smiley

disclaimer: I have 1 bitbar Smiley
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May 09, 2013, 12:59:56 PM
 #159

To people thinking that this is a competition and that one BTB can never cost more than one BTC:
How are you thinking? These are not physical bitbars. Just like you can't hold a bitcoin in your hand. They are just strings of numbers which we call what we want to. We could call 0.001 BTB a bitcake and say it's worth 0.1 BTC then you would agree because it's less than 1 BTC. Or we could call 1000 LTC a litebar and now suddenly it's worth more than 1 BTC. Doesn't it mean that it's overvalued then? Don't put too much thinking into how much 1 bitbar or 1 litecoin is and can be worth. Look at the marketcap of the coins and divide it by the future number of coins. Then try to make an educated guess of how much the marketcap can grow.
In my opinion, when you look at it that way BTB has a lot of room to grow. It really ticks me off when people are trying to bash coins but don't even know what they're talking about.

Imo, bitbar will go the same way as all the other new alt coins lately: down as soon as they hit a major exchange.

It will rise because it's rare? Come on. It will drop, because even though it's rarer than other coins, some people have a lot and want to make a quick buck. (yes, yes, that's why most are here)

It's interesting that there are always coin believers with all kinds of stories about why THEIR coin should rise instead of the others.

No bashing, just look at CNC, FTC, BQC since they hit the exchange. Price hasn't skyrocketed.

Some people have a lot? You mean ~20? ~100? You call that a lot?
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May 09, 2013, 01:02:18 PM
 #160

To people thinking that this is a competition and that one BTB can never cost more than one BTC:
How are you thinking? These are not physical bitbars. Just like you can't hold a bitcoin in your hand. They are just strings of numbers which we call what we want to. We could call 0.001 BTB a bitcake and say it's worth 0.1 BTC then you would agree because it's less than 1 BTC. Or we could call 1000 LTC a litebar and now suddenly it's worth more than 1 BTC. Doesn't it mean that it's overvalued then? Don't put too much thinking into how much 1 bitbar or 1 litecoin is and can be worth. Look at the marketcap of the coins and divide it by the future number of coins. Then try to make an educated guess of how much the marketcap can grow.
In my opinion, when you look at it that way BTB has a lot of room to grow. It really ticks me off when people are trying to bash coins but don't even know what they're talking about.

Imo, bitbar will go the same way as all the other new alt coins lately: down as soon as they hit a major exchange.

It will rise because it's rare? Come on. It will drop, because even though it's rarer than other coins, some people have a lot and want to make a quick buck. (yes, yes, that's why most are here)

It's interesting that there are always coin believers with all kinds of stories about why THEIR coin should rise instead of the others.

No bashing, just look at CNC, FTC, BQC since they hit the exchange. Price hasn't skyrocketed.

Some people have a lot? You mean ~20? ~100? You call that a lot?

I'm just saying that although the idea of BTB might be fresh and good, you might be surprised what it'll do on a major exchange. (drop instead of rise)
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May 09, 2013, 01:07:15 PM
 #161

To people thinking that this is a competition and that one BTB can never cost more than one BTC:
How are you thinking? These are not physical bitbars. Just like you can't hold a bitcoin in your hand. They are just strings of numbers which we call what we want to. We could call 0.001 BTB a bitcake and say it's worth 0.1 BTC then you would agree because it's less than 1 BTC. Or we could call 1000 LTC a litebar and now suddenly it's worth more than 1 BTC. Doesn't it mean that it's overvalued then? Don't put too much thinking into how much 1 bitbar or 1 litecoin is and can be worth. Look at the marketcap of the coins and divide it by the future number of coins. Then try to make an educated guess of how much the marketcap can grow.
In my opinion, when you look at it that way BTB has a lot of room to grow. It really ticks me off when people are trying to bash coins but don't even know what they're talking about.

Imo, bitbar will go the same way as all the other new alt coins lately: down as soon as they hit a major exchange.

It will rise because it's rare? Come on. It will drop, because even though it's rarer than other coins, some people have a lot and want to make a quick buck. (yes, yes, that's why most are here)

It's interesting that there are always coin believers with all kinds of stories about why THEIR coin should rise instead of the others.

No bashing, just look at CNC, FTC, BQC since they hit the exchange. Price hasn't skyrocketed.

Actually the prices of CNC and FTC DID skyrocket when they hit BTE-E, albeit briefly and in spectacular bubble fashion.
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May 09, 2013, 01:17:41 PM
 #162


I'm just saying that although the idea of BTB might be fresh and good, you might be surprised what it'll do on a major exchange. (drop instead of rise)

I don't think it would be a surprise if BTB lost some value initially. I think a few of us are taking the risk and going long with this one. If I lose out on a some BTC from the few I mined it certainly won't break me. And if it does take off, the upside could be substantial.
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May 09, 2013, 01:19:10 PM
 #163

Like I've said before, doing the math, if bitbar follows other alts its value should be around 4-10BTC/BTB. Based on supply and hashrate.

That said, if it does get that high, it's going to take a while to get there. Which is fine, I like bitbars underdog status, it's flying under the radar of most of the scammers on here due to it's difficulty and rarity, and I think it's fundamentals are solid.

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May 09, 2013, 01:21:13 PM
 #164


I'm just saying that although the idea of BTB might be fresh and good, you might be surprised what it'll do on a major exchange. (drop instead of rise)

I don't think it would be a surprise if BTB lost some value initially. I think a few of us are taking the risk and going long with this one. If I lose out on a some BTC from the few I mined it certainly won't break me. And if it does take off, the upside could be substantial.

See, that is how I feel too.
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May 09, 2013, 01:26:23 PM
 #165

Like I've said before, doing the math, if bitbar follows other alts its value should be around 4-10BTC/BTB. Based on supply and hashrate.

That said, if it does get that high, it's going to take a while to get there. Which is fine, I like bitbars underdog status, it's flying under the radar of most of the scammers on here due to it's difficulty and rarity, and I think it's fundamentals are solid.

Here Here!

If there were, lets say, a few hundred thousand in circulation I am sure it would have been through a few pump and dump cycles by now.
But those with the disposition to do that..... DO NOT HOLD ANY BITBARS!  Grin

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May 09, 2013, 01:37:01 PM
 #166

I will be holding the ones I have for awhile. No need to sell. I believe bitbar can turn into something decent, especially once it runs through the psychological (and price) barrier at 1BTB:1BTC on the exchanges. I made enough decent money on Feathercoin and Chinacoin, hah!

YAC is another one to watch, especially if it keeps its CPU-only advantage (or if it goes to GPU and the GPUs aren't very much more efficient, as the author claims will be the case).
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May 09, 2013, 01:39:19 PM
 #167

Like I've said before, doing the math, if bitbar follows other alts its value should be around 4-10BTC/BTB. Based on supply and hashrate.

That said, if it does get that high, it's going to take a while to get there. Which is fine, I like bitbars underdog status, it's flying under the radar of most of the scammers on here due to it's difficulty and rarity, and I think it's fundamentals are solid.

Here Here!

If there were, lets say, a few hundred thousand in circulation I am sure it would have been through a few pump and dump cycles by now.
But those with the disposition to do that..... DO NOT HOLD ANY BITBARS!  Grin



LOL. As if you would ever even reach a few hundred thousand in a year. Keep dumping for cheap and I'll keep buying them up for cheap. I don't mind. I did make a bit on CNC.
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May 09, 2013, 05:38:23 PM
 #168

I will be holding the ones I have for awhile. No need to sell. I believe bitbar can turn into something decent, especially once it runs through the psychological (and price) barrier at 1BTB:1BTC on the exchanges. I made enough decent money on Feathercoin and Chinacoin, hah!

YAC is another one to watch, especially if it keeps its CPU-only advantage (or if it goes to GPU and the GPUs aren't very much more efficient, as the author claims will be the case).

Speaking of psychological barriers...the word "bar" is shear genius.  People knocking this because it doesn't have infrastructure...I just laugh...Bitcoin's had 4 years...this has had what...4 days...and the roads have been paved by bitcoin...this is a hit waiting to happen...and the press coverage...oh the media...this will build hype for the whole community.

I'm going to pop some tags people...only 20 bars in my pocket...thanks for selling so cheap yesterday...mining only got me like 0.7, and I've been at it for four days before the network rate tripled!

Please add more BTC here (my son will apprecciate it when he's older): 14WsxbeRcgsSYZyNSRJqEAmB1MKAzHhsCT
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May 09, 2013, 05:47:33 PM
 #169

I will be holding the ones I have for awhile. No need to sell. I believe bitbar can turn into something decent, especially once it runs through the psychological (and price) barrier at 1BTB:1BTC on the exchanges. I made enough decent money on Feathercoin and Chinacoin, hah!

YAC is another one to watch, especially if it keeps its CPU-only advantage (or if it goes to GPU and the GPUs aren't very much more efficient, as the author claims will be the case).

Speaking of psychological barriers...the word "bar" is shear genius.  People knocking this because it doesn't have infrastructure...I just laugh...Bitcoin's had 4 years...this has had what...4 days...and the roads have been paved by bitcoin...this is a hit waiting to happen...and the press coverage...oh the media...this will build hype for the whole community.

I'm going to pop some tags people...only 20 bars in my pocket...thanks for selling so cheap yesterday...mining only got me like 0.7, and I've been at it for four days before the network rate tripled!

I agree this could be a hit in the media once we get bitbar up to a certain adoption (i.e. on a few exchanges, stable/rising price that is higher per unit than BTC, etc). Journalists love a novel thing like that .... "Bitcoins expands into bars"
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May 09, 2013, 05:57:37 PM
 #170

I will be holding the ones I have for awhile. No need to sell. I believe bitbar can turn into something decent, especially once it runs through the psychological (and price) barrier at 1BTB:1BTC on the exchanges. I made enough decent money on Feathercoin and Chinacoin, hah!

YAC is another one to watch, especially if it keeps its CPU-only advantage (or if it goes to GPU and the GPUs aren't very much more efficient, as the author claims will be the case).

Speaking of psychological barriers...the word "bar" is shear genius.  People knocking this because it doesn't have infrastructure...I just laugh...Bitcoin's had 4 years...this has had what...4 days...and the roads have been paved by bitcoin...this is a hit waiting to happen...and the press coverage...oh the media...this will build hype for the whole community.

I'm going to pop some tags people...only 20 bars in my pocket...thanks for selling so cheap yesterday...mining only got me like 0.7, and I've been at it for four days before the network rate tripled!

I agree this could be a hit in the media once we get bitbar up to a certain adoption (i.e. on a few exchanges, stable/rising price that is higher per unit than BTC, etc). Journalists love a novel thing like that .... "Bitcoins expands into bars"


+1 +1
media would love that concept..

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May 09, 2013, 06:08:45 PM
 #171

And for anything to be at parity with BTC in the first week is destined for widespread media attention. 

All alternative currencies will prosper from one bringing attention to them...don't knock the bar...it might get you paid...even if you don't have any!

I feel like BTB is like BTC's stock split...inadvertently.

Please add more BTC here (my son will apprecciate it when he's older): 14WsxbeRcgsSYZyNSRJqEAmB1MKAzHhsCT
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May 09, 2013, 06:21:19 PM
 #172

And for anything to be at parity with BTC in the first week is destined for widespread media attention. 

Word. I was about to say, wait until media coverage spreads that there is an alternative cryptocurrency which isn't going for 40 cents a coin or 3 dollars a coin, but 70-90 dollars a coin. Will bring lots of attention for sure.
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May 09, 2013, 06:46:56 PM
 #173

I will be holding the ones I have for awhile. No need to sell. I believe bitbar can turn into something decent, especially once it runs through the psychological (and price) barrier at 1BTB:1BTC on the exchanges. I made enough decent money on Feathercoin and Chinacoin, hah!

YAC is another one to watch, especially if it keeps its CPU-only advantage (or if it goes to GPU and the GPUs aren't very much more efficient, as the author claims will be the case).

Speaking of psychological barriers...the word "bar" is shear genius.  People knocking this because it doesn't have infrastructure...I just laugh...Bitcoin's had 4 years...this has had what...4 days...and the roads have been paved by bitcoin...this is a hit waiting to happen...and the press coverage...oh the media...this will build hype for the whole community.

I'm going to pop some tags people...only 20 bars in my pocket...thanks for selling so cheap yesterday...mining only got me like 0.7, and I've been at it for four days before the network rate tripled!

I agree this could be a hit in the media once we get bitbar up to a certain adoption (i.e. on a few exchanges, stable/rising price that is higher per unit than BTC, etc). Journalists love a novel thing like that .... "Bitcoins expands into bars"


+1 +1
media would love that concept..



BitBar is like a crypto version of the Million Dollar Homepage, the first time it works, the second time it doesn't.  So the next very rare coin that comes along will do worse than bitbar.
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May 09, 2013, 06:59:13 PM
 #174

BitBar Network Stats:
(Last updated: 2013-05-09 18:49:54 UTC/GMT)
Difficulty: 34.1247
Total block: 7001
Total money supply: 2825.779768
Last block reward: 0.141484
Network hash rate (Gh/s): 1.018 (estimated)

Lol...premine my ass...and even if they did...so what...buy their cheap coins when they sell...this has the potential to be one of the most expensive per unit "currencies" in existence.  I envy the miners that can pull 1-2 per day...damn I wish I had that kind of hashing power...though trading at these prices is almost just as good!

Please add more BTC here (my son will apprecciate it when he's older): 14WsxbeRcgsSYZyNSRJqEAmB1MKAzHhsCT
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May 09, 2013, 10:45:23 PM
 #175

Look i telling you honestly what i think about BTB.
First of all , i like the system how its made behind the BTB. Its just like in the real world.
You have coins and you have gold bars.

BTC as coin and you can link BTB as Gold bars, people also wants to keep it simple and i think this
cryptocurrency is really just made and is connected with bitcoin.

But the current market will deside where it will goes. I think in the begin there will be no much interest in BTB. (But there will be a lot of people that will keep the coin in worth ( i think at least arround 0,20 - 0,50) Untill the real world will know about this cryptocurrency. (And i think it will ). I could remember that people already linked BTC as gold. And honestly i think BTB will be the one that can link as gold.

Bitbar is never made to replace bitcoin. Its the value what people see in it.
The system behind suprise me and is very fascinating

The mining pools are also give a realistic screen. And by the way.. a coin with a smaller capital is always more worth then the ones that have more.



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May 09, 2013, 10:47:29 PM
 #176

First in, first out: that's the winner in this game.

You all know how it works,

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May 10, 2013, 12:47:08 AM
 #177

Can anyone tell me how to look up the genesis block to verify the first date this coin started?

Also can you determine the total number of coins somewhere that isn't the bitbar explorer?  Is that number verified?  I quoted it earlier, but realized there could be manipulation in a website...I'd want to verify via the code/software.

I'm still believing...but I'm just curious why so many people think it was pre-mined so much.  How do I tell how many Coins (bars) are in circulation that is verifiable?

Please add more BTC here (my son will apprecciate it when he's older): 14WsxbeRcgsSYZyNSRJqEAmB1MKAzHhsCT
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May 10, 2013, 01:07:21 AM
 #178

Can anyone tell me how to look up the genesis block to verify the first date this coin started?

Also can you determine the total number of coins somewhere that isn't the bitbar explorer?  Is that number verified?  I quoted it earlier, but realized there could be manipulation in a website...I'd want to verify via the code/software.

I'm still believing...but I'm just curious why so many people think it was pre-mined so much.  How do I tell how many Coins (bars) are in circulation that is verifiable?

Well, from what I understand, websites like the block explorer
http://btb.cryptocoinexplorer.com/block/00000b31ed9623624683587882bbaeb5ab14b57a05cd2cd96983824d6a705929
simply use the blocks that the client uses, so there would be no way to manipulate the numbers unless there was a change in the front end. Since most people use the open source ABE software, I don't see how that would be possible.

I believe it is just trolls that are claiming "pre-mine". It is well known that 60 BTBs were mined unintentionally early, and have been donated as a bounty for the first true BTB exchange. You can find the topic explaining that here on bitcointalk.

On keyboard, the big d, rusty shackleford
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May 10, 2013, 01:12:55 AM
 #179

Can anyone tell me how to look up the genesis block to verify the first date this coin started?

Also can you determine the total number of coins somewhere that isn't the bitbar explorer?  Is that number verified?  I quoted it earlier, but realized there could be manipulation in a website...I'd want to verify via the code/software.

I'm still believing...but I'm just curious why so many people think it was pre-mined so much.  How do I tell how many Coins (bars) are in circulation that is verifiable?

Well, from what I understand, websites like the block explorer
http://btb.cryptocoinexplorer.com/block/00000b31ed9623624683587882bbaeb5ab14b57a05cd2cd96983824d6a705929
simply use the blocks that the client uses, so there would be no way to manipulate the numbers unless there was a change in the front end.