Topic: [ANN] [BARR] The Only Cryptocurrency Where No One's Ever Lost Money - page 17. (Read 39339 times)

Looking at how the market has been going, we are probably going to set the target price of BARR much lower than that. 

We wanted to keep raising the price of BARR, but we don't want to set an unrealistic goal. 

We want to offer an increased price for the altcoins, but we don't have unlimited money. 

So lowering the price of BARR will allow us to offer a higher rate for the altcoins without overextending our funds as much.

No, we're still trying to see how much we can buy at what price, and how much money we'll be able to put on buy orders.

We'd like to shoot for 5 litoshis as the target price for BUN, but we can't guarantee that yet.

In the future, when we have more buywalls for BARR on the NXT Asset Exchange, we'll be able to set an exchange rate and let everyone else buy the altcoins.  Then they'll be able to trade for BARR, and they can dump as much BARR as they want, and burning the altcoins will be profitable for them as well as liquid. 

For now we can't do that, because we'd just be making up imaginary prices that we can't support.  It would be all talk;  we would just say "BUN is worth 5 litoshis" when nobody is even paying 1 litoshi.  That would be like an empty promise and a false way to determine BARR's value.  So we don't want to set a target price unless we have a chance of moving the market to that price and making it reality.

When BARR gets more users, we won't have to buy all the coins ourselves.  People who want BARR will show up and move the market, because they want to buy those coins and burn them for BARR.  And they will be profitable doing that up to the target price, or higher if the price of BARR goes up.

We have seen some good results this month with ACP.  We raised the price to 600, which was the target price and the equivalent value that we're exchanging ACP for BARR.  But now the price of ACP is much lower, and people have the opportunity to buy ACP cheaper and still trade it for the same amount of BARR. 

It looks like something similar might happen with BunnyCoin - there's no way to know what will happen, but it might happen similarly to what happened with ACP.  So, for example, if we set a target of 5 litoshis per BUN, and then people end up selling more than we can buy at that price, then anyone will be able to get a good deal on BARR by trading BUN that they bought at 3 litoshis.  Because BARR will still be redeeming it at the higher rate.  And then there is no telling what will happen to the price of Litecoin or Dogecoin, making BUN even cheaper on those markets.

To give an example of the numbers, if the target price was 5 litoshis, with BARR @ .00016btc, then the exchange rate would be set at 400,000 BUN for 1 BARR. 

is exchange rate already known for BUN ?

good kick to lazy devs
very useful, nothing to say something else

There is no feud with Bunnycoin.  We've been posting in their topic for over a month without any problems, but this guy who hasn't posted in 5 months just shows up today and starts complaining.  Other Bunnycoin holders have expressed positive opinions about working with BARR.

BARR/Bunny can't we just get along?

Burns complement coins that are still viable and save bagholders of coins headed for the drain. 

That might be possible, but the problem is making sure everyone knows about it.  It would only work if the community was still very active and had lots of holders still checking the ANN.

Have you ever entertained the idea of 2 day "FlashBurn" for coins that are no longer listed on Exchanges ?
Admittedly the exchange rate would have to be pitifully low, but it may work to draw attention to the project.

BunnyCoin holders are welcome to sell us all their BUN for DOGE, but that's only good while our money lasts.  We don't have enough BTC, LTC, or DOGE to buy the entire supply of BUN.  But we do have enough BARR to exchange for the entire supply of BUN, at an increased value for you.

They don't have to take anyone's advice.  They can see for themselves what BARR has done for other coins.

BARR has raised the price and increased the rarity of the supply for 5 coins already.

Bunnycoin is dependent upon Bleutrade.  BARR is traded on the NXT blockchain, fully decentralized, and can never be delisted.

The BARR network is the NXT network, which has hundreds of active peers.  The Bunnycoin network is in danger, because there will be no more block rewards.  

When the Fractalcoin block rewards dropped, the blockchain stopped moving and it got delisted from Poloniex and Bittrex.  BARR swapped a lot of FRAC, letting people get their money back.  Now FRAC is only listed on Cryptsy, where there have been a lot of problems with withdrawals.  People who swapped their FRAC for BARR now have more options, more control over their money, and arguably a more promising future.  Bunnycoin is in a similar situation.






BARR is the main group buying Bunnycoins right now.  When we started, there weren't even any orders at 1 Litoshi, and that's the lowest price possible on the Litecoin market.

So it's not very liquid, especially without BARR.







Actually 1 Billion BunnyCoins is currently worth less than $40.

The value of 1 Million BARR is approx $54,000 USD.  So 1 Bunnycoin is worth about a million times less than 1 BARR.

But we're going to offer a better exchange rate than that, paying you more for your BUN than what the current market price is.

To answer your question, the reason to trade for BARR is so you can transfer your value to something that has a better chance of existing 2 years from now.

But they don't have to trade for BARR.  They can trade us for DOGE or LTC.  






If "hating" means "giving you money", then you have a non-standard definition of "hating".

Swapping for BARR is completely optional.  We're not forcing anyone to do anything, we're just offering them money.  

Thanks!

Bitcoin Core Developer Jeff Garzik says BEWARE of PoS alone...here's why...
https://bitcointalksearch.org/topic/m.8851183

I'm not here to bash coins. Just to say BunnyCoin owners would be ill-advised to use BARR when they have the option to get more immediate value by selling for Dogecoin at any time they want.



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BARR is NXT asset, NXT has POS, NXT price will rise up surely
does BUN have these advantages ?

Bunnycoin owners are ill-advised to use BARR since they can merely BUY/SELL Bunnycoins immediately for Dogecoin right now in a liquid market...

Value of 1 Billion Bunny Coins is approx $65 USD
https://bleutrade.com/exchange/BUN/DOGE

Why trade something of value like BUN for something worthless like BARR.

Sounds like the BARR voters were hating on a coin, much like Dogecoin was hated on.

http://www.bunnycoin.org
http://bunny-coin.com
http://www.twitter.com/bunnycoin
http://www.reddit.com/r/bunnycoin

This coin is making a public service in altcoin comunity, i want to thanks to dev and coin supporters for clean the dirty on criptocoin universe, keeps the good work

The voting is over for January, and the winners are Bunnycoin and Unitus as a Wild Card.

Thanks for pointing that out, it is ambiguous as you say.  We'll change it to "Already Burned" to indicate that it is not eligible for future burns because it's already been used in a previous burn.

I still can't understand why Barr targeted AnarchistsPrime being we are on suchpool ,ispace mining, six other pools including dev mpos pool,steakcloud and have two websites. We currently accept acp for buying our listed computer stock. AnarchistsPrime has digishield retarg, three windows gui wallets and mac gui wallet, isnt a standard qt wallet. Have one of the fastest wallet syncs in crypto has over 9 dedicated seeder nodes has dnsseeder server for connecting peers and protecting network  . Has blackjack, wheel and dice and is on two exchanges , 7months old  and we have updated everything from user feedback and give them what they want (including secondary website with .info extention instead of .com )achieved alot. Our "coin" is aimed at activists who need to recieve funding via donations and we plan to release a database of these different causes and contact information including acp wallet addy so they can recieve these easier with transparency and also plan to have listed protests kits for redemption of acp so we can ship world wide and exchange for acp when a major rally is held. Is it because the currency isnt subject to hype,? Also on your post it looks like youve stated you burnt 100% of our coin with a line through it?

But we're recycling the garbage into something better.

Let's say you have an altcoin with 2 active connections, a buggy wallet that hasn't been updated in 18 months, no devs, and that could be delisted at any time so that it can't be exchanged.  Not a very bright future, and a high risk that the coin will die and leave all holders with nothing.

We redeem that coin for an equivalent amount of a coin with hundreds of active peers, constant updates, active devs, which can never be delisted as long as NXT exists.

That's why we think trading the altcoins for an equivalent amount of BARR - equivalent at current prices - gives you a greater long-term potential value than holding the altcoins.  Because those coins are only supported by a small network and a few hundred dollars in marketcap, while BARR is supported by the NXT network with millions of dollars in marketcap. 

Plus, being on NXT lets us practice what we preach as far as increasing efficiency and decreasing redundancy.  We didn't start a new blockchain, we're not competing for hashrate, and NXT users don't even have to clutter their desktop with another wallet. 

BARR has potential to grow without requiring thousands of miners to run expensive equipment 24 hours a day, while no PoW coin can ever become a major player without Chinese mining farms and all of that.  "Hello, we need a business loan of 2 million dollars.  We are outfitting a new facility with hundreds of specialized computers.  Yes, it's for IllegalDrugMarijuanaCoinz.  ...Hello?"