Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
by
runpaint
on 25/10/2015, 22:24:24 UTC
Hi thelion007, thanks for taking an interest in BARR.

As you noticed, I have been involved in our 3 launch coins for a while, but not as a developer.  I started out as an altcoin daytrader, and I ended up holding some coins that not many other people wanted to buy.  That includes Fractalcoin, Keycoin, and Sapience, although "coins that not many people want to buy" describes over a thousand altcoins.  Probably 99% of all altcoins.

So I bought these coins, and all the devs abandoned them.  At first I thought it would help to keep the bitcointalk topics active, so my role in the community was just posting on this messageboard.  Then I gave some tips and pointers, helped some people sync their wallets and make .conf files.  But mostly we just talked about how our coins weren't worth much, and how we wished they were worth more.  

The only coding I know is HTML, so I paid $8.99 a year for a domain name and some shared hosting.  That was all I could really contribute at that point.  Just a basic homepage, nothing professional, and I made one for Keycoin as well as Fractalcoin.  (I noticed that a lot of coins have their website go offline right about 1 year after they launch;  but that's only for the coins whose website didn't disappear after 1 month.)

So instead of just talking and wishing our coins were worth more, some of us tried to chip in a little and keep things moving.  But with no dev hosting a DNS seeder, people were having a hard time getting the wallets to work at all.  Then we had to figure out how to keep the coins alive and running - it wasn't an issue of the coins eventually being worth more, but rather an issue of the coins eventually going completely dead and all our coins becoming worthless.  

Some people were talking about updating the coins, community takeovers, swapping to a new blockchain, and other options to keep the coins alive and find a way forward for all of us bagholders.

The idea I settled on was BARR, and I think a good many people will agree that it's a good solution for them too.  Others may not, and they are free to do their own community contribution to keep their coins alive as I have done.

Thank you for providing an archive of my posts, as I like to think I've said some helpful things that people will benefit from.  

But I'm not sure what you mean by "bingo", since it doesn't apply to anything you said.  Since you didn't actually say anything, I can only guess what your point was supposed to be.  Are you saying that all 3 devs of these coins abandoned the coins?  I agree.  That's why we're trying to completely destroy these coins and their entire supplies.  If you have anything you'd actually like to say, please go ahead.