Quote from: EBK1000 on October 30, 2015, 05:57:04 AM

One BARR appears to be worth 0.00002834BTC at this point in time and there are 10,000,000 BARRs out there

Incorrect. Where did you get that figure? BARR is at 3.3 NXT, so it's more like .00009000 BTC.

And there are 0 BARRs currently out there in circulation, with a maximum of 1,500,000 issued by the end of the first exchange period, if we burn 100% of the supplies of KEY, FRAC, and XAI.

Quote

30BTC = 1,058,223 BARR

So how many BARRs per BITZ are you going to offer to BITZ holders?

Sorry if this is mentioned elsewhere, but how many BARR per FRAC will you offer?

You were the first person to respond on this topic, you've responded multiple times, and you're sure you don't want to participate. You've even mockingly offered your own burn redemption to compete with BARR.

But you don't know the first detail about what we're doing? You've declined our offer, but you don't know what the offer is? You've offered to match our exchange for Fractalcoin, but you don't know what you're offering to match? If you read the thread, maybe you'll change your mind about BARR.

We're offering to put up buywalls for FRAC at up to 5000 satoshis, and to exchange 1 FRAC for .5 BARR. Our estimated price for BARR is 10,000 satoshis. But since prices can change, and we're subject to the price of NXT, the price of BTC, the price of BARR, and the price of FRAC, the exchange rate is fixed for the 30-day burn period. 3 NXT was worth 10,000 satoshis when we set the exchange rate 2 weeks ago, but it's less now. It could be a lot more than that by the end of the burn period, but there's no way of knowing.

So no matter what happens with any of the prices, we will honor all exchanges of FRAC at the set rate of .5 BARR per FRAC, or 2 FRAC for 1 BARR, and we will attempt to buy all FRAC at Cryptsy at up to 5000 satoshis, until the exchange period ends on November 30.

It's too early to set an exchange rate for BITZ for December, but one possibility is a value of BARR at 15,000 satoshis and BITZ at 1500, with an exchange rate of .1 BARR per BITZ, or 10 BITZ for 1 BARR. That means all BITZ holders would have the opportunity to sell their BITZ for .00001500btc, or exchange it for BARR at the same value. And then at the end of December, we would stop exchanging for BITZ and stop buying BITZ.