Quote from: kokojie on May 08, 2013, 01:37:26 PM

Quote from: rafsoaken on May 08, 2013, 01:20:44 PM

The only value in cryptocoins lies in
1) Stability in price (good for merchants and users alike)
2) Security of the network
(besides obviously ease of use, anonymity, etc.).
The price doesnt really matter if you are interested in building a working economy out of it, that is just a side effect of its usage adoption.

Now with BitBar the issue is
1) as tiny alt coin there is no stability at all,
2) as tiny alt coin the network isnt very secure either
besides other problems like denominations are too big (pple are already want to switch to mBTC or uBTC), bitbar deliberately fools you into thinking just because its rare it must be valuable - Instead it is just the opposite with cryptocoins,
if they are not rare and are traded all over the place they have value.
my 2 satoshis.

LTC's network hash rate was on average 0.5Gh/s three months ago, lower than the current BTB network hash rate, and it has been there for a year. Yet no one has successfully attacked LTC, so I dare you try and attack BTB network if you think it isn't very secure.

Price stability has been surprisingly good, hovering around 0.5btc-1btc ever since inception, even on the exchange it's still trading in that range. I'd say the price stability is solid against FTC or CNC.

Denomination is only too big if you use it as a transactional currency, which it is not, it is designed as a reserve currency, for example US banks transact inter-bank physical bill business using $100,000 bills, not circulated in public's hands.

ooo $100k bills. I want one.. Grin

I have a 5k bill