Post
Topic
Board Announcements (Altcoins)
Re: [BTA] BATA | i2p | Tor | 10 Exchanges | Long POW Est 05/15 - POS to Begin SOON!
by
pc888
on 13/05/2016, 01:50:38 UTC
Thanks for your reply! I appreciate it.

I did not download the paper wallet generator from Github. I thought I had tried it on the website in the past and it worked fine. I was actually planning on buying a cheap computer specifically for generating paper wallets (permanently offline) but when I tried the paper wallet generator and saw that it wasn't working, I decided to wait. I considered the website to be a demonstration, not the place to actually generate a wallet. But if the demonstration wasn't working correctly it would be a non sequitur to assume the offline version would be functional...unless I'm missing something.

The Livecoin exchange is suspicious indeed. I currently have a large order for Bata on Bleutrade for 1700 satoshis. This is causing some unexpected consequences. The Bittrex volume for Bata has dropped substantially. Bittrex, of course, usually has a much higher volume than Bleutrade. How Livecoin currently has a higher volume than Bleutrade and Bittrex is unknown. They do not have someone like me placing a large order, but I don't fully understand their user interface. But from what I see there is nothing to indicate or explain their high volume.

I see that Bata is switching to POS. My order has nothing to do with that. I do not mine any coins, except when I run my Audiocoin wallet. Somehow having my Audiocoin wallet open generates mined coins. I personally consider that an awesome feature and probably the only reason I continue to own Audiocoin. It reminds me a bit of the old days when I ran project SETI as a screensaver. I find it satisfying to have my computer actually doing something when I am not using it.

I attempted to mine coins in the past but found it beyond my competency. There were too many obstacles to overcome and too much uncertainty over what I was downloading. In addition I could not find a simple tutorial. I do not personally know anybody that mines coins even though I know plenty of computer people. I'm not sure why this barrier to mining coins persists.

POW has it's benefits as we all know, but it also has it's negatives.

The main thing for BTA was to have a fair long POW period, which we have had for the last 12 months. Now we move onto the next stage (POS) which will help BTA achieve it's main goal - a Barter Exchange where BTA will act as trade dollars. POS will enable more people to contribute to the network, making the decentralization of BTA a larger network.

Yes our BTA wallet (like AudioCoin) will enable you to mine BTA as long as you hold a min of 1000 BTA.

Remember at the end of the day we have big plans for BTA, it is a long process to get it right and we will enjoy the benefits together.