All hail Bitbar.
http://www.youtube.com/watch?v=icTrzUuWlHI
Topic: BTB (BitBar) - Improving The Alt CryptoCurrencies - page 2. (Read 2230 times)
I do hope BTB gets very popular and climbs right next to BTC and LTC in market share in the near future. The rarity makes it more attracting than Feathercoin for example. Scrypt is a big bonus in my books, these new and weak alts don't really need ASICs jumping in and out with their nearly 100GH a piece.
+1 I believe the creation of BitBar has saved cryto from all the Alt-coin Clones. It has made coins Obsolete . sure we need the BTC and the LTC but the rest I am sure will fade away due to the bravado of BitBar.
BitBar gives us hope. to think all we had to look forward to was crappy alt-coins then something magical happened the first digital gold bar WOW I am optimistic for the future of this gamechanger
I do hope BTB gets very popular and climbs right next to BTC and LTC in market share in the near future. The rarity makes it more attracting than Feathercoin for example. Scrypt is a big bonus in my books, these new and weak alts don't really need ASICs jumping in and out with their nearly 100GH a piece.
+1 I believe the creation of BitBar has saved cryto from all the Alt-coin Clones. It has made coins Obsolete . sure we need the BTC and the LTC but the rest I am sure will fade away due to the bravado of BitBar.
I do hope BTB gets very popular and climbs right next to BTC and LTC in market share in the near future. The rarity makes it more attracting than Feathercoin for example. Scrypt is a big bonus in my books, these new and weak alts don't really need ASICs jumping in and out with their nearly 100GH a piece.
I agree with everyone this Cryto-Bar will change the landscape of Cryto-currency. The mindset alone of now looking at cryto as bars would be enough in it self
If I'm reading http://btb.cryptocoinexplorer.com/chain/BitBar/q/nethash right, we're at 3% of litecoin's hashrate. That is, like, wow. Hashrate tripled over the last 1000 blocks.
I'm very convinced bitbar will be worth a lot, especially with the high difficulty right now.
The interesting twist for me is the fact that the coins are extremely rare and the coins are thought of as 'bars', being a lot more valuable than coins.
The code itself is mostly based on NVC, with some changes to make the coins more scarce.
Novacoin has always been undervalued in my book though because it picked up a bad reputation bribing btc-e.com
The code itself is mostly based on NVC, with some changes to make the coins more scarce.
Novacoin has always been undervalued in my book though because it picked up a bad reputation bribing btc-e.com
I want to know what the community thinks about BTB.
I have 50% of my mining at FTC and 50% at BTB currently.
I'm a fan of the alt-coins or whatever is bringing highest profitability ratio.
I've sold 40k worth of FC on this forum and exchanges, and I devoted my mining resources to it when difficulty was really low.
Anyway, I want to discuss what people think of BTB for the future.
Although I jumped on FTC, I admitted openly that I do not understand the hype of FTC.
Now, if I am confused or misinformed with anything I posted below, please post some input.
A block reward change of 200 coin from 50 coin, there is nothing fundamentally different between FTC and LTC.
BTB is a new gameplayer, and one that should be looked at seriously.
The difficulty adjustment beats out any other PoW based coin, (BTC,LTC,FTC, etc)
The minting ratio is about 1 BTB/10 minutes.
This means that if people are flooding the network finding new blocks, that the reward should be lower than normal. (currently, ~.16)
This should (probably did) mitigate the idea of 'early adoption' .. 'premining' for this coin.
Now think about when currencies (like where FTC is bound), will overshoot the difficulty forcing a lot of miners to leave the network?
(The difficulty will drop later)
What happens then is the BTB reward per block should get higher.
This provides an incentive to continue mining while the difficulty may even be in decline, or too high.
The balance/reward on this system seems more sound and makes more sense to me than other coins.
NVC really caught my attention and I would have thought the NVC structure would have beat out any other scrypt alts in the long run. However that pesky, premine has tainted the image and adoption.
Anyway there are some things to be concerned about. The dev's of BTB, I hope they can play a strong role in the community. I have to say I like the idea of BTB, probably more than any other alt-scrypt coin out at the moment.
I have 50% of my mining at FTC and 50% at BTB currently.
I'm a fan of the alt-coins or whatever is bringing highest profitability ratio.
I've sold 40k worth of FC on this forum and exchanges, and I devoted my mining resources to it when difficulty was really low.
Anyway, I want to discuss what people think of BTB for the future.
Although I jumped on FTC, I admitted openly that I do not understand the hype of FTC.
Now, if I am confused or misinformed with anything I posted below, please post some input.
A block reward change of 200 coin from 50 coin, there is nothing fundamentally different between FTC and LTC.
BTB is a new gameplayer, and one that should be looked at seriously.
The difficulty adjustment beats out any other PoW based coin, (BTC,LTC,FTC, etc)
The minting ratio is about 1 BTB/10 minutes.
This means that if people are flooding the network finding new blocks, that the reward should be lower than normal. (currently, ~.16)
This should (probably did) mitigate the idea of 'early adoption' .. 'premining' for this coin.
Now think about when currencies (like where FTC is bound), will overshoot the difficulty forcing a lot of miners to leave the network?
(The difficulty will drop later)
What happens then is the BTB reward per block should get higher.
This provides an incentive to continue mining while the difficulty may even be in decline, or too high.
The balance/reward on this system seems more sound and makes more sense to me than other coins.
NVC really caught my attention and I would have thought the NVC structure would have beat out any other scrypt alts in the long run. However that pesky, premine has tainted the image and adoption.
Anyway there are some things to be concerned about. The dev's of BTB, I hope they can play a strong role in the community. I have to say I like the idea of BTB, probably more than any other alt-scrypt coin out at the moment.
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