Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
by
BARR_Official
on 07/12/2015, 18:33:02 UTC

You bought them outside of the exchange period


There is no "buy period".  We exchanged them within the exchange period.




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and outside the exchange price


There is no "exchange price", other than 1 BARR for 20 ACP.  That is our rate, and it doesn't matter if you mined your ACP, bought it low, bought it high, or got it for free.  None of that is any of our business.  We exchange ACP.

In order to help support the price of BARR at 12,000 satoshis, we announced a target price for ACP of 600 satoshis.  Anyone who buys ACP for less than that can still exchange it for BARR.  If the price of BARR drops, then it won't be a profitable exchange. 

If you didn't want us to buy ACP below 600, you shouldn't have sold it to us. 



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How do we not know you are collecting them at the current exchange price


We are still buying.  Why wouldn't we?  You might not buy ACP, but that doesn't make it so strange for us to buy it. 

We can't just skip the sell orders at lower prices.  That's impossible.  Before we can buy at 600, someone has to buy all the coins under 600.  If nobody else buys them, we do.  That is exactly what we did, and we successfully moved the price to 600 satoshis.



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and using the pre pumped coins to profit off barr invesotrs/ almost buying 3:1 barr with your pre purchased ACP


That's not how it works, and you don't seem to know what you're talking about. 

The exchange rate stays the same.

ACP traded for 60 satoshis last month, and BARR increased the price and paid up to 600 satoshis. 

Everyone else was free to buy ACP at any price before we did, and they are free to buy it much cheaper right now than what we've been paying. 

Are you going to tell everyone to stop buying, because it's not fair for them to buy cheaper than what we bought? 




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Not one person has burn AnarchistsPrime other than a slow collection period over three weeks , Not one person.


And not one person has a buy order for ACP above 187 satoshis right now.  Not even you.  At least we at BARR buy our own coin, making the number of active buyers more than 0.