Quote from: bumbacoin on February 08, 2016, 05:28:18 AM

would you invest in an alt where the dev /dev team own a vast majority of coins?

I wouldn't invest in something that the dev doesn't invest in himself.

Quote

also, in this case, where it seems that the swap protocol is advantaging that team.

Do all investors get the exact same "advantage"?

If everyone gets the same benefit, isn't that the opposite of advantage?

Quote

the seeming advantage is NOT just because you're investing real money, but because the process uses what results in a pre-pump to attain a new value and hence a more advantageous swap value.

ie if you buy at 20, pump, then swap at 50, your pump gives you an advantage swap value than if you swapped at 20.
then if you personally held a large quantity of those coins, the improved swap ratio is very appreciable.

We announce what the coin will be, and we don't stop anyone else from buying it.
It makes no difference whether other people buy the coins and burn them, or we buy the coins and burn them.
We just want the coins burned, and we have to do it ourselves until more people start participating.

Quote

this is what it looked like with ACP, where you bought quantities of coin before it was officially announced,

When did we start buying ACP? Please, tell me.

How many other coins did we start buying to secure quantity, that we ran nodes for, that we mined their chains, that didn't end up working out?

Quote

and below the final swap ratio.

So now we have to pay MORE than the swap ratio? Paying ACP holders up to 10 times the market rate for their coins isn't enough?

Quote

have you considered the problem of the coin team owning so many coins

I don't know what you are calling "the problem", but the main problem is that we're spending all our own money.

Quote

and do you have a plan to spread the distribution ratios?

Other than forcing people to buy BARR, the best plan is probably to keep doing what we're doing until more people take notice.

Quote

but the other point, is that according to your plan, there will be less Barr distributed for later coin swaps. - resulting in a lower swap ratio

Only if the price of BARR goes up. The swap ratio will still give an equal value.

But you can't worry that we're not paying enough for coins and also that we're paying too much for coins at the same time.

If we set the exchange rate high, you say we're benefiting ourselves.
If we set the exchange rate lower, you say we're benefiting ourselves.
So, we'll just have to keep doing what we do, the best way we can.

Quote

and also you seem to imply that future pumps will not be anywhere near exciting as you will not be investing btc in the same manner. - resulting in a lower swap ratio

I don't think I implied that.

Quote

this will result in you receiving a far better swap ratio for the coins that you personally ownedand have swapped, than future others will for coins they own.

#1, Other people have owned all the coins we've already burned.

#2, if the swap isn't a good deal, they don't have to take it. Problem solved.

Quote

whether this system is deliberately planned to advantage you or not, you have a strong advantage by burning your personal coins first.

Since the "advantage" is enjoyed by all holders, it's not an advantage.
If early adopters end up getting an advantage, then it will be similar to PoW coins.

We could've burned a coin that we weren't holding, but that would create at least 2 problems:
#1, bad results and not burning much of the coin's supply
#2, holding our own coins while trying to burn other people's coins.
And then you'd be here saying, "You're holding Unitus and Fractalcoin and Keycoin, those are shitcoins so why should anyone else burn their coins when you're not willing to burn the ones you already have?"

Quote

that is entirely true, until you decide to sell all the coins, that from a cynical perspective, you have artificially created a market price for whilst advantaging yourself to get those coins.

BARR is the only cryptocurrency that doesn't create artificial value where none existed before.

All other coins create money from nothing, while BARR never issues a single coin unless an equivalent value is subtracted from an existing coin.

That's why PoW coins constantly lose value - because they require new money to come in from outside crypto to buy those new coins, every 60 seconds. And there's not enough new money coming in, because the markets are overloaded with redundant clones that all do the same thing.

BARR is the only coin that doesn't require new money coming in, because we're working with money that's already in the crypto market.

Quote

obviously the methodology in any system can be questioned.
at this point, i would like to strongly point out that it is incredibly easy to look cynically at Barr and that any work you do towards making it less cynical will be to your advantage.

If you read the ANN, you'll see that the entire project was designed from the start with that in mind.
We don't have hundreds of people demanding proof of what we've burned, but we provide the proof anyway to avoid the appearance of dishonesty.

Quote

lol. you're still a troll though Cheesy

Just like Bitcoin, I'm from the internet.