BitBar Didn't Pre-Mine, they were just conveniently ready - page 2.

zdarkazn

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Quote from: ymer on May 05, 2013, 06:06:43 PM

Quote from: zdarkazn on May 05, 2013, 06:05:07 PM

Quote from: ymer on May 05, 2013, 06:02:37 PM

Quote from: zdarkazn on May 05, 2013, 06:00:41 PM

Lol @ ymer saying hdclover is an insider.

You keep defending BitBar with silly posts with strawman and derails, go back to spamming how awesome BitBar is.

You fail you realize that? Lets count my posts vs your post on BitBars and see who is spamming.

You keep showing up in all the threads where the BitBar is exposed giving silly arguments, not a single significaive post by you has been seen.

Your arguments:

"LOL you were late to the game"
"LOL you think that people making threads defending BitBar over and over are insiders" Roll Eyes

Keep getting mad. I never said anything. Neither did you, except you copied other people's ideas into your posts. Who cares if I show up in threads? Who cares if i say what I want? Who cares if you said hdclover is an insider? Did you read my response to it? Did i flat out object to it? No. So, thanks. Keep it to yourself. I haven't made a single thread about these BitBars, unlike you.

ymer

sr. member

Activity: 308

Merit: 250

Quote from: zdarkazn on May 05, 2013, 06:05:07 PM

Quote from: ymer on May 05, 2013, 06:02:37 PM

Quote from: zdarkazn on May 05, 2013, 06:00:41 PM

Lol @ ymer saying hdclover is an insider.

You keep defending BitBar with silly posts with strawman and derails, go back to spamming how awesome BitBar is.

You fail you realize that? Lets count my posts vs your post on BitBars and see who is spamming.

You keep showing up in all the threads where the BitBar is exposed giving silly arguments, not a single significaive post by you has been seen.

Your arguments:

"LOL you were late to the game"
"LOL you think that people making threads defending BitBar over and over are insiders" Roll Eyes

zdarkazn

newbie

Activity: 42

Merit: 0

Quote from: ymer on May 05, 2013, 06:02:37 PM

Quote from: zdarkazn on May 05, 2013, 06:00:41 PM

Lol @ ymer saying hdclover is an insider.

You keep defending BitBar with silly posts with strawman and derails, go back to spamming how awesome BitBar is.

You fail you realize that? Lets count my posts vs your post on BitBars and see who is spamming.

ymer

sr. member

Activity: 308

Merit: 250

Quote from: zdarkazn on May 05, 2013, 06:00:41 PM

Lol @ ymer saying hdclover is an insider.

You keep defending BitBar with silly posts with strawman and derails, go back to spamming how awesome BitBar is.

zdarkazn

newbie

Activity: 42

Merit: 0

Lol @ ymer saying hdclover is an insider.

relm9

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Activity: 840

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Quote from: ?? on ??

Quote from: relm9 on May 05, 2013, 04:24:00 PM

Launching with a very high difficulty seems like a good idea, but this encourages less people to jump on.

Proof? You don't have one.

Obviously. It's an opinion.

Not saying someone shouldn't try it.

ymer

sr. member

Activity: 308

Merit: 250

Quote from: Francesco on May 05, 2013, 05:05:03 PM

Quote from: skull88 on May 05, 2013, 04:32:08 PM

Quote from: ymer on May 05, 2013, 02:10:22 PM

by that time 500 Bitbar were already in the hands of the creator and the people that was aware before the announcement.

And people selling them for 2btc, that's pretty easy money. Cheesy

I just wonder if they will manage to sell them ALL, not 1 or 2, for that price... Roll Eyes

Even if they only sell 100 it's still 10k USD profit for 2 days of work.

Francesco

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Activity: 252

Merit: 250

Quote from: skull88 on May 05, 2013, 04:32:08 PM

Quote from: ymer on May 05, 2013, 02:10:22 PM

by that time 500 Bitbar were already in the hands of the creator and the people that was aware before the announcement.

And people selling them for 2btc, that's pretty easy money. Cheesy

I just wonder if they will manage to sell them ALL, not 1 or 2, for that price... Roll Eyes

skull88

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Activity: 683

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Quote from: ymer on May 05, 2013, 02:10:22 PM

by that time 500 Bitbar were already in the hands of the creator and the people that was aware before the announcement.

And people selling them for 2btc, that's pretty easy money. Cheesy

I'm really start to think of also releasing an alt, just to get money out of the pockets of fools that don't deserve better. They almost ask for being scammed, the only thing I got so far for warning people for these scamcoins are insults.

ymer

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Activity: 308

Merit: 250

Bump because Insider "hdclover" already made a thread with lies saying "it was not premined"

relm9

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Quote from: achillez on May 05, 2013, 03:04:35 PM

new alt coins should be announced they will be released X day. Not doing so is just another form of pre-mining

Don't see the point. If you announce a coin is going to be available on X that just gives people with massive rigs time to prepare. Does nothing to solve the 'premine' issue. At least there's more of a spread with no pre-announced date (chances are, more small-time miners will catch it first than the big ones).

Launching with a very high difficulty seems like a good idea, but this encourages less people to jump on.

But a good way to launch a coin would be to let a trusted third-party who agrees NOT to mine release it at a time only known to him/herself. That way, no single person gets a clear advantage.

Impaler

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I can agree that the behavior is pre-mining is spirit if not in name. The hyper-regressive nature of BitBar makes it even more egregious and it makes the case for why 'mining' is seen as unfair and near ponzi in nature by most folks outside the crypto-currency community, BitBar just managed to be so unfair and so ponzi that no one could deny it.

Another possible solution might be to require difficulty in the coin, or block count to reach some reasonable level before blocks actually start having any payout. I call this 'overburden' as in the miners have to clear off some waste rock before hitting the ore. This would ensure that a reasonably large number of people are mining before payouts, such that it will take several days of mining and no one can be 'waiting at the start line' so to speak, it also removes the difficulty of picking an initial difficulty that's bootstrap-able but not too fast. Growing from difficulty of 1 is easy and you just need to select an appropriate difficulty which would correspond to something like 100GH/s.

ymer

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I'm glad that awareness is being rised

farlack

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Quote from: mr_random on May 05, 2013, 02:34:50 PM

Quote from: Deprived on May 05, 2013, 02:30:01 PM

Quote from: mr_random on May 05, 2013, 02:26:36 PM

What you describe happens with most coins that launch

Let's look at some other coins:

Feathercoin launched with difficulty 0
Terracoin launched with difficulty 1 (just as low as 0 in effect)
Chinacoin launched with difficulty 0
Novacoin launched with difficulty 0

etc

So because other coins fucked it up, this one should too?

I don't mine ANY coin - so not fussed about missing any boats. But we could do with more genuine alt coins and less of the premine then pump then dump then vanish kind. Just shuffling around bits of existing coins, premining a load and hoping to sell them off before the coins dies isn't any useful kind of progress - it's been done to death already.

You really don't understand? It makes no sense to single out BitBar for having coins that were easier to mine on day one when this has happened so many times in the past with no controversy. Feathercoin, Chinacoin, Terracoin etc didn't have 2 or 3 trolls spamming 'scam premine scam scam easy coins' in every topic. I've seen jealously do things to people but this is insane.

i'm not saying it's the best launch but as far as alt crypto coin launches go, it's done nothing that most other launches haven't done. Even coins which launch with high difficulty (PPCoin) still ended up having 2 million coins being mined on the first day.

Wrong, bitbars are like a day old, and worth more than btc, seems like something to bitch about when 99% of whats available today were mined before most people can go take a shit and come back to the computer.

achillez

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Quote from: CoinHoarder on May 05, 2013, 03:27:18 PM

Quote from: mg27341 on May 05, 2013, 03:14:49 PM

Wow, for a second there, I forgot that it is a forum that I am posting my comment on. I have to give you an LOL for the response - you deserve it!

Sometimes the truth hurts... and the truth is that what you posted is your opinion, and we have our own opinion on the matter. Telling us to shut up and quit whining is not going to change anyone's opinion. Just because our opinions differ, it doesn't mean either opinion is right or wrong.

And by the way, I'm not whining. I'm not the least bit interested in Bitbar, it's just another copy cat as far as I'm concerned. I'm just agreeing to the fact that if someone or people have insider knowledge about a coin launch, and start mining it the second it is posted in a public forum with a lot of hash power, that is just another form of premining. If you don't like our opinion, I don't have to tell you what you can do... (I imagine you can guess, and it isn't pleasant.) Cheesy

100% agreement here as well.

CoinHoarder

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In Cryptocoins I Trust

Quote from: mg27341 on May 05, 2013, 03:14:49 PM

Wow, for a second there, I forgot that it is a forum that I am posting my comment on. I have to give you an LOL for the response - you deserve it!

Sometimes the truth hurts... and the truth is that what you posted is your opinion, and we have our own opinion on the matter. Telling us to shut up and quit whining is not going to change anyone's opinion. Just because our opinions differ, it doesn't mean either opinion is right or wrong.

And by the way, I'm not whining. I'm not the least bit interested in Bitbar, it's just another copy cat as far as I'm concerned. I'm just agreeing to the fact that if someone or some people have insider knowledge about a coin launch, and have it configured to start mining the second it is posted in a public forum with a lot of hash power, that is just another form of premining. If you don't like our opinion, I don't have to tell you what you can do... (I imagine you can guess, and it isn't pleasant.) Cheesy

mg27341

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Quote from: CoinHoarder on May 05, 2013, 03:12:57 PM

We're not allowed to express our opinions?

I'm so tired of people saying this lately, how about YOU STFU about telling us to STFU.

This is a public forum and I will damn sure post my opinion whenever I want to.

Wow, for a second there, I forgot that it is a forum that I am posting my comment on. I have to give you an LOL for the response - you deserve it!

CoinHoarder

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Quote from: mg27341 on May 05, 2013, 03:11:17 PM

I don't understand all of the incessant whining here about the latest alt-coin. If you don't like how a particular alt-coin is released, stick to Litecoin. It's that easy. Really!

Just because a new alt-coin is announces and has miners in sixty seconds doesn't mean that everybody will be jumping on the bandwagon in that time frame. I jumped on BTB two days after announcement and am not complaining and still earning some BTB dust for who knows what reason. Then it's back to Litecoin. It's all a game to me in the end, because no serious fiat money can be made from any of this.

So, either be on here 24/7 looking for announcements or keep your day job and view this as a hobby. Those are pretty much your only two choices.

But, quit the dang whining already and be thankful that there is at least some completion to BTC, fair or unfair.

We're not allowed to express our opinions?

I'm so tired of people saying this lately, how about YOU STFU about telling us to STFU.

This is a public forum and I will damn sure post my opinion whenever I want to.

mg27341

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I don't understand all of the incessant whining here about the latest alt-coin. If you don't like how a particular alt-coin is released, stick to Litecoin. It's that easy. Really!

Just because a new alt-coin is announced and has miners in sixty seconds doesn't mean that everybody will be jumping on the bandwagon in that time frame. I jumped on BTB some two days after announcement when a pool was set up and I am not complaining and still earning some BTB dust for who knows what reason. Then, when all of the whoopla fades, it's back to Litecoin. It's all a game to me in the end, because no serious fiat money can be made from any of this.

So, either be on here 24/7 looking for announcements or keep your day job and view this as a hobby. Those are pretty much your only two choices.

But quit the dang whining already and be thankful that there is at least some completion to BTC, fair or unfair. I figure in a year or two it's all going to settle down to something reasonable. What that will be is anyone's guess.

In the mean time, enjoy the ride and quite whining if you don't have fast fingers and are not an unemployed vampire who stays up 24/7 monitoring the boards!

CoinHoarder

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Quote from: achillez on May 05, 2013, 03:04:35 PM

new alt coins should be announced they will be released X day. Not doing so is just another form of pre-mining

Agreed

Topic: BitBar Didn't Pre-Mine, they were just conveniently ready - page 2. (Read 4884 times)