Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction - Multi-Proof-of-Burn
by
bit1
on 27/10/2015, 14:01:12 UTC
Quote from: bit1 on October 26, 2015, 10:06:47 PM
Quote from: BARR_Official on October 26, 2015, 08:42:37 PM
Quote from: bit1 on October 26, 2015, 07:45:22 PM

Watching this thread principally for : Burning Altcoins for Redemption and Reduction, But I'm not very sure about that it be the best way.

Anyway you got +1 for Burning Altcoins Redemption and Reduction idea.

and  -1 for: Our goal is to absorb entire altcoin networks and their users.

and +1 for: reducing the total number of altcoins on the market.




Thanks!  Looks like we end up with a total of +1.

But if we want to reduce the number of altcoins, those coins and users will have to go somewhere.  That's why we're invited them to be absorbed into BARR.

Ok Agree,

But it is a little different to: absorb entire altcoin networks and their users. For now we could let this on:
The less coins the better without going to extremes.

I did the previous commentary before or read about your thread about  https://bitcointalk.org/index.php?topic=1181883.0

@runpaint  because you are a serious Nxt enthusiast and you bring to us all the evidence of  BanxShares,  But now  I could ask:

NXT based Barr.me project the idea of this project from my point of view is good but somewhat excessive, now comes the most important, Is it legitim? As does Nxt to avoid the same problems?  I have missing that part too, Or is just the fact of following blindly trusting on devs and promoters of the coins.

And after come the next: BanxShares will not be eligible for BARR burn redemption, because of the significant percentage of premined funds held by developers.So this sounds a bit strange considering the purpose of Barr.me project, So in the best of cases the investors of Banxshares could be reimbursed but if this doesnot happens, Then what?   Barr.me project is unable and apart from that is not required to do so change barr for Banxshares so finally also it reflects that this will not be very effective with anothers coins or shares/tokens.

So I could appoint that:
                               * I'm not very sure about that it be the best way
                               *So Barr dont cant stop entire blockchains(speaking of scamcoins for example) its can only  divide to the community even more.
                               *Or is just the fact of following blindly trusting on devs and promoters of the coins.
                              
And only for clarify: I could keep watching this thread because I'm agree that  Reduction of the coins is neccesary maybe dont of this way so I could  mention that I'm not a supporter of Barr.