Topic: [ANN]New Crypto-Currency BAR!! BitBar consolidating your digital wealth - page 8. (Read 16946 times)

Well, Wallmart doesn't price its goods in "PLN". "PLN" worthless?
All cryptocoins are based in false premise, bits are difficult; money are scarce. It's not true. This constraint have nothing to do with the nature of money:
-Liquidity
-Confidence, confidence could be expanded to credit.
-Reserve of value it's a merge of liquidity and confidence.
-Unit of account, simply math.

Fees, confirmations, blockchain and other "stones", sync, computer,...kill liquidity.
Confidence, what about confidence?

Difficult it's find gold in the river, people knowns, difficulty it's get meal (in some countries), ..., people knowns. Really people knowns? it's difficult point 40M/h at hour X to crypto currency Y, and gets Z coins/coupons.

Bitbar, like others, is a oximoron; no limit in imaginary world.
What the hell is "the byte gold bar"?
Wealth it's not related to one person (less to "special" bits), it's realted to society. You are rich, if people can offer you good  things that you need, for your money,...,

The usage of money it is the only thing that should trigger inflation. I think that no one of cryptocoins it's taking speed of money as parameter. And the other political concepts that money has, more complex that "scarce bits"; or "gold" "bar" bytes.

It's my opinion.

No liquidity no money

looks like BARS are still winning the BARS VS. Coins   Polling     

No, but it'd be worth more if they did actually, cause it would eliminate the transaction costs of exchange

If I could pay for goods in gold easier then it'd make more sense to have a larger holding of gold, and a smaller holding of USD, the demand to hold gold would increase quite a bit thus the price.

No wonder gold is so worthless... Walmart doesn't price its goods in gold!

-MarkM-

[ANN] BitBar exchange. trade in all your coins for gold BARS

https://bitcointalk.org/index.php?topic=194296.new#new

Bottom line: it's not about how little or how much money there is in nominal quantity that matters, but how many people have and want to use the money and who's willing to take it for what that determines it's value.

Caveat: although handing out money blindly without some effort creates a hazard that distort the structure of production leading to wasted resources, which is why the mining part is important that there is some effort enacted in it's creation to serve as a benchmark of value it's circulation... although making the required effort to high can be as counter productive as making it too easy.

The difficulty and scarcity of these bars or coins only matter if the rest of the picture falls into place (vendors, exchanges, portable wallets, etc.)

Not saying it is bad or good, but I don't see how difficulty matters much, prices will adjust to the supply and demand for any particular coin, and in this particular case the demand is more important and demand will be fueled by infrastructure not the scarcity of the coin. If a coin is soooo scarce that very few people hold it I don't see the incentive to create infrastructure.

Quantity of money doesn't have much of an effect on an absolute value, but it can have an effect on incentives, for example

If currency A and B have the same difficult, same supply but B is in the hands of more individuals

I'd rather sell my goods with prices denominated in B because I open myself up to a larger market of people to sell to, despite the value of the currency itself being irrelevant (cause prices will adjust to it's value over time)


Although if a Coin has a difficulty so high that few people have it, and the few people that do hoard it then there is no incentive for vendors to sell goods in that currency, no market for an exchange to facilitate, and no reason to make the payment in that currency more convenient with portable wallets and such.


This is why PPcoin is so innovative, because of the way it distributes itself it'll result over time in the hands of more people opening up quite a market of people to sell to making worth going through the trouble of pricing goods in that currency (pricing good in a particular currency is in itself a service)

Not to get too far off topic ... but wasn't Netscape the first producer of a browser/search engine?   

And Yahoo was the first one to have a search engine. Sunny is a good developer and ppcoin is very innovative, but being SHAxxx kills the deal for me. Also I always wanted a high value per unit alt-currency.

+1

Sunny was the first one so successfully implement POS in a coin.

Similar to Silver BARS vs Silver COINS.  I pick bars, because they're usually always worth more if you compare premium bars vs premium silver. For generic, ehh, about the same give or take a few

It is good that difficulty is high!!!! That makes the value of the BARS  limitless . Easy does not equate Value. most alt-coins that came out you could mine thousands of worthless coins within an hour. With BITBAR i have been mining for almost two days and barely have two bars. This is good .LESS is more . I would rather have one gold BAR then a bunch of gold coins. that is what i believe the developers had in mind with BITBAR

I'm solo mining it, it can still be solo mined reasonably at the moment with a single rig that produce 1mh or more. You will get several blocks per day.

Solo mine it they same way you solo LTC or any other scypt-based Coin.Anyone can do it!!! I several blocks in less than 8 hours with only 1000 k/h .

To pre-mine it, that is, to snap up shitloads of coins before most miners have even heard of it.

s/coins/bars/

-MarkM-

it would have been nice if the difficulty was set to higher... since supposedly these bars should have been rarer than the coins... why set the difficulty to low from the start ?

lol, I find the comment that the big innovation is the word "bars" very amusing

At the end of the day the currency that will win out will be...

- The one with the most convient ability to attain (easy to use exchanges), use (many vendors accepting), and hold (portable and secure wallets)


No matter how novel or innovative that actual coins code, those will be the factors that determines the coins viability in everyday commerce.

Bitcoin is way ahead in this game, although PPcoin and Litecoin I do feel will be standard bearer alternatives as their infrastructure has built up nicely.

Doesn't mean any altcoin is useless, they exist and once they do they will always exist long as there is a few people running the client so you never know.

(Yes, I am building a altcoin, but it's a clone of a clone with no innovation (forked smallchange which forked litecoin) and I'm under no pretense that it'll be a major coin but mainly making it as a tribute to FA Hayek who wrote about competing currencies. At the end of the day the real coins to me so far at BTC, LTC, and PPC and I'm interested to see what happens with XRP since there is other things going on with that currency)

http://bitbar.biz/

There is an official website of this? For more info about , thanks

For the record in all my bitcoin related youtube videos I have promoted Litecoin and PPcoin, and how that I know SunnyKing is the dev I tip my hats I am a PPcoin fan and hold a few myself!