Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [BARR] The Only Cryptocurrency Earned by Burning Multiple Altcoins
by
BARR_Official
on 09/12/2015, 15:00:22 UTC

Will grouping all these shit coins together in BARR create value though? I'm not sure; is 10 bags of garbage worth more than one bag?




But we're recycling the garbage into something better.

Let's say you have an altcoin with 2 active connections, a buggy wallet that hasn't been updated in 18 months, no devs, and that could be delisted at any time so that it can't be exchanged.  Not a very bright future, and a high risk that the coin will die and leave all holders with nothing.

We redeem that coin for an equivalent amount of a coin with hundreds of active peers, constant updates, active devs, which can never be delisted as long as NXT exists.

That's why we think trading the altcoins for an equivalent amount of BARR - equivalent at current prices - gives you a greater long-term potential value than holding the altcoins.  Because those coins are only supported by a small network and a few hundred dollars in marketcap, while BARR is supported by the NXT network with millions of dollars in marketcap. 

Plus, being on NXT lets us practice what we preach as far as increasing efficiency and decreasing redundancy.  We didn't start a new blockchain, we're not competing for hashrate, and NXT users don't even have to clutter their desktop with another wallet. 

BARR has potential to grow without requiring thousands of miners to run expensive equipment 24 hours a day, while no PoW coin can ever become a major player without Chinese mining farms and all of that.  "Hello, we need a business loan of 2 million dollars.  We are outfitting a new facility with hundreds of specialized computers.  Yes, it's for IllegalDrugMarijuanaCoinz.  ...Hello?"