What happened to BitBar (BTB)

[lukemarshall]

At the beginning of May there was a great deal of hype around a "Rare" crypto currency in a "bar" format that was to directly compete with Bitcoin and to be a source where people could consolidate there countless other coins into for storage and safe keeping.

I'd be happy to hear thoughts and opinions of the future of this Alternate Cryptocurrency.


Edit:  if you've never heard of BitBar, here is an information thread with some very useful information & links.

https://bitcointalk.org/index.php?topic=196125.0

[vinne81]

Well? What happened??

At the beginning of May there was a great deal of hype around a "Rare" crypto currency in a "bar" format that was to directly compete with Bitcoin and to be a source where people could consolidate there countless other coins into for storage and safe keeping.

I'd be happy to hear thoughts and opinions of the future of this Alternate Cryptocurrency.

Game over. Changing one thing in the code (the number of coins generated per block) wasn't enough innovation.

NEXT!

[jackjack]

You missed one possibility:

People realized it's shit.

[mill0601]

without a proper exchange like btc-e or any services it's nearly as useless as all the other crap coins. It is unfortunate as I really like the support in the beginning and the idea.

[Killiz]

You missed option on your poll.

:Everyone bought into shitcoins, and their spending power went down in an Armada of sinking ships.

Bitbar is like a submarine sitting under the radar, it slowly dived below as the other ships were destroyed, it silently waits, ready to rise when the shitstorm is over.

Seriously, Bitbar is great, it was just released at the wrong time.

Born in Coin War 1. But it lives 

[rbdrbd]

TruCoin killed it.

[lukemarshall]

Game over. Changing one thing in the code (the number of coins generated per block) wasn't enough innovation.

NEXT!

I would be interested to hear from the developer, or from Balthazar to find out if this statement is true.

I understand that it is very close to Novacoin, with lower block reward, but I think I read that there are a few other differences concerning the generation of proof of stake blocks and the reward amount calculation.

You missed option on your poll.

:Everyone bought into shitcoins, and their spending power went down in an Armada of sinking ships.

Bitbar is like a submarine sitting under the radar, it slowly dived below as the other ships were destroyed, it silently waits, ready to rise when the shitstorm is over.

Seriously, Bitbar is great, it was just released at the wrong time.

Born in Coin War 1. But it lives 

This is a possibility, and I have updated the polling options @ 25 votes

[MaGNeT]

You missed option on your poll.

:Everyone bought into shitcoins, and their spending power went down in an Armada of sinking ships.

Bitbar is like a submarine sitting under the radar, it slowly dived below as the other ships were destroyed, it silently waits, ready to rise when the shitstorm is over.

Seriously, Bitbar is great, it was just released at the wrong time.

Born in Coin War 1. But it lives  

I'm waiting till it drops a little more and then buy 10-12% of all Bitbars

[jdebunt]

bitbar did seem to have potential in the beginning, and the price showed up....that potential & promise was never fulfilled though.

[Singlebyte]

You missed one possibility:

People realized it's shit.

+1

Please add to the poll so we can vote.

[MaGNeT]

bitbar did seem to have potential in the beginning, and the price showed up....that potential & promise was never fulfilled though.

I don't see how we can say that already.
It's still in the top region of CoinChoose, the difficulty adjustment is perfect and fast and the maximum amount ever existing never changed.

I think it's actually good for Bitbar price is dropping so fast and low.
The people who mined many BTB at the start have 2 options: hold at low price and pray or sell quick before dropping lower.

The diff adjustment will make it always (close to) profitable to mine I don't see why it can't go up again, once.

I will buy a lot of BTB as soon as the price is right for me

[vinne81]

bitbar did seem to have potential in the beginning, and the price showed up....that potential & promise was never fulfilled though.

I don't see how we can say that already.
It's still in the top region of CoinChoose, the difficulty adjustment is perfect and fast and the maximum amount ever existing never changed.

I think it's actually good for Bitbar price is dropping so fast and low.
The people who mined many BTB at the start have 2 options: hold at low price and pray or sell quick before dropping lower.

The diff adjustment will make it always (close to) profitable to mine I don't see why it can't go up again, once.

I will buy a lot of BTB as soon as the price is right for me

You are one optimistic f****r, but I like it

[lukemarshall]

You missed one possibility:

People realized it's shit.

+1

Please add to the poll so we can vote.

I would cast your vote under the "not unique enough for me to invest in"

Trying to @ least play nice here  

[mr_random]

Too much negative publicity about the day 1 insta-mining, caused by 2 or 3 very vocal members. That troll substrata and the other guy, I forget his name.

Insta-mining on day 1 of launch is actually commonplace. However when those insta-mined coins could be worth 0.5 bitcoins each, that's when the tears flow and people start throwing epic tantrums.

That said, the continuous difficulty adjustment means it will always be profitable to mine so long as there is an exchange and just a small amount of demand.

[Killiz]

TruCoin killed it.

This. More reason than any.

bitbar did seem to have potential in the beginning, and the price showed up....that potential & promise was never fulfilled though.

I don't see how we can say that already.
It's still in the top region of CoinChoose, the difficulty adjustment is perfect and fast and the maximum amount ever existing never changed.

I think it's actually good for Bitbar price is dropping so fast and low.
The people who mined many BTB at the start have 2 options: hold at low price and pray or sell quick before dropping lower.

The diff adjustment will make it always (close to) profitable to mine I don't see why it can't go up again, once.

I will buy a lot of BTB as soon as the price is right for me

Most of the bars are being held, only the weak and foolish are selling, probably mostly noob smalltime miners, dumping the small amount they have mined  just to get a piece of the holy grail of a bitcoin.

Yes now is not the time to buy, its sensible to put in bids and wait for it to fall further. But I think maybe it is near its bottom, the dumping has slowed over the last couple of days

[skyangel]

and the other guy, I forget his name.

lol  

[Killiz]

and the other guy, I forget his name.

lol  

Just got this joke too 

[Killiz]

Too much negative publicity about the day 1 insta-mining, caused by 2 or 3 very vocal members. That troll substrata and the other guy, I forget his name.

Insta-mining on day 1 of launch is actually commonplace. However when those insta-mined coins could be worth 0.5 bitcoins each, that's when the tears flow and people start throwing epic tantrums.

That said, the continuous difficulty adjustment means it will always be profitable to mine so long as there is an exchange and just a small amount of demand.

+1

[mill0601]

Too much negative publicity about the day 1 insta-mining, caused by 2 or 3 very vocal members. That troll substrata and the other guy, I forget his name.

Insta-mining on day 1 of launch is actually commonplace. However when those insta-mined coins could be worth 0.5 bitcoins each, that's when the tears flow and people start throwing epic tantrums.

That said, the continuous difficulty adjustment means it will always be profitable to mine so long as there is an exchange and just a small amount of demand.

+1

+2

[Sondey10mg]

Can someone link the site where you can see how much coins there were mined the first day?

It showed how incredibly bad this coin was launched. It was really sad