I mined about a quarter of a bitbar, which after getting 520 confirms, will probably get in my wallet in about 2.5 days. I hope bitbar's trading value isn't 0 by then.
I am not really one to shit on any altcoin (Ill mine anything that makes a profit, as long as their is a reasonable chance that someone will buy it) but what is the rationale for saying bitbars are just as valuable (or greater) than bitcoin? The only reasons I see posted is that:
"bar" sounds more valuable than "coin"
it also has "bit" in the name, just like bitcoin
a high resolution picture of gold bars was posted in a bitbar thread
Besides just hoping something you hold becomes valuable, what real reasons is there to expect bitbars to be valuable and worth holding to maturity? Again, I'm really not shitting on this alt, I just want to know if there is more to it than just having a different type of name and moving the decimal point a few places to seem rarer than most of other cryptos.
For starters, it is the first non-premined scrypt hybrid PoS+PoW network in existence, hows that for value? Anyone that is claiming "premine" is either ignorant or is going nuts over 60 blocks of accidental pre-mine.
Now, yes a lot of BTB were created on the first day and in the hands of early adopters, but that's the same thing with nearly every single coin, Bitcoin included. Without early adopters, the coin would be difficult to gain any traction, awareness or promotion. Bitcoin early adopters are now multi-millionaires, how's that for early adopter scam?