★★ ▀▄▀▄▀ BITBAR on BTER now LIVE ▀▄▀▄▀ ★★

[rafsoaken]

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.

[zdarkazn]

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.

[sterob]

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

[kokojie]

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.

[zdarkazn]

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..  I have a 5k bill 

[GSnak]

BTer run out of room at the top for all the coins?

[lukemarshall]

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

[Caesar V]

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!

[rafsoaken]

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.

[kokojie]

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.

[twelph]

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 . Gold bars in a vault.

[psybits]

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  

PM me.

[mill0601]

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

[zdarkazn]

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?

[ymer]

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

[reb0rn21]

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

[ymer]

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?

[nwbitcoin]

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

[reb0rn21]

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!

[hdclover]

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  

PM me.

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