Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 181. (Read 2170648 times)

I think I'm going to put up a poll in burst forum to see how many people think everything is perfect with the current reward and decline structure....


it is definitely too fast, and I think because it was too fast to begin with, we need to adjust the rewards in order to 'refresh' the system.


people don't want an unlimited supply, fine. But we still need to kinda take a step 'back' if you will, and start again with the tools we now have in place.


with a dev fund we can pay for everything without donations and the community will start seeing much more as far as direct results.

No because i have no idea of this coin, you have to fill out some tech specifications there, and i have no clue about this coin whatsoever.

It is the devs that are lazy, this coin needs to be on all exchanges, including where I trade usually at Yobit.

So please somebody add it!

Right, I did forget that part, there will still be a dev fund, and I think 10% is fair, but we can go lower, maybe 8? But it isn't just a dev fund, you can think of it as a future promo, development and just an overall futures fund for the coin...

It will allow us to HIRE devs to do whatever we need, hire graphic designers, whatever the coin needs! I don't see why everyone expects the few members who already put a ton of work into everything to pay for all of this out of their pockets as well, I'm a fairly large miner and I would have absolutely no issue with this percentage going to further the coin.

Then when we can get our p2p voting system implemented, the people with more coin can have more power in helping to decide how that money is spent. So it isn't like there will be an overlord who will decide everything. There will be voting and we will all make decisions, and of course, the ones with a larger stake and thus more invested into the coin will have more of a say. I feel this is ultimately extremely fair.

thanks will give it a try.

Network size is just fine, we've been running fine with way less than we have now. Basetarget is 1654263 as i write, i remember above 4 mln earlier, and i don't think we need more miners as such - they will come once the price go up, and miner money is the main reason the price is going down. (neccessary evil, but we should not make it worse).   network size is just fine.

pool owners would probably benefit for more money to the miners, but everyone else will be paying.

These checkpoints were pointed out to me by bitladen as well, and he said he would add them if he was appointed dev.

And why can't you spend those damn 5 min.? Laziness...?

Nice, but some devfund most be established to cover expenses. I think it makes sense that a small part of each block should be devoted to this. Not anywhere near 10% but some.

Fees can also be made relative to the sum sent: Are you sending large amounts, it's not unreasonable with higher fees.

if i remeber correctly the current settings for the reward decline are halving every 14 month which is about 3.42 times as fast as bitcoin.
beside structural adjustments to the protocol itself adding additional supply will first be required at some point after people pay for services in BURST.

required structural changes are checkpoints and new transaction types which won't be stored forever in the blockchain.
today you can freeze the whole network with 92k burst per day simply because a block can only contain 255 transactions.
increasing the fees would limit new services since the fees may get higher than the payment you buy a service with.

a variable i could deal with would be to lower the blocktime and double this way the possible rewards since there are still many many blocks mined every day within less than a minute (last 360 blocks 127).
this is why the calculation for the basetarget requires adjustments (posted as comment into the google docs burst reborn - https://docs.google.com/document/d/1Xk23cNYy1BfV5DNto5FjG-3l1VUDFXETAqHbeyK7rX4)

Lol c`mon guys, is it so fucking hard to just add it to Yobit, it would help your currency.

It takes 5 minutes to fill out the form. Seriously WTF guys, please dont be lazy! 

I like it...If others agree let's do this. Would it be fair to say that given a few weeks if the plan doesn't work then we rollback some of the  changes. Except for any wallet changes.

BURST has a built in marketplace. http://burstcoin.info/market which we're hoping to make much more user friendly here soon. (Want to make categories, allow for pictures or links to pictures, auto open in wallet, things like that.)

For now you find what you want there, copy the user's BURST account, add them in your wallet, and you can buy their items.



There are also assets you can purchase that are built into BURST's asset exchange.

ByteEnt is my asset https://block.burstcoin.info/as.php?as=1800253871016293364

and another good one is INCOIME... https://block.burstcoin.info/as.php?as=11188744773544606055

Okay, what if we make the following modifications...


1. The cap stays, but coins are added to its total.

2. Rewards are still raised, and decline in reward is lowered. Reward goes to 15k/block now, and reward decline changes to match bitcoin's halving times, by going to 1.455% per month.

3. Transaction fees go up too, minimum goes to 2 or more BURST per transaction, until we believe we can lower it again when there are many more transactions in the network.



This gives incentive for miners to jump back in now and make network bigger again, during this we work our asses off and get the market mods done, mixer AT integrated, etc. Make the market browser better with categories and searchable, etc. Hire a PR company to promote the decentralized market, and get many more users to it.

Get more assets up and running, and work hard to get investors at the same time.

besides exchanges, is there any where I can spent my burst for goods?

That actually makes sense. Except the *most* of you being coders part. But, yes there are some coders around here.

I second the motion.........
 This is a great plan for you and Dawallet  to work together on these ideas.

In fact, we probably can. Most of us are just way too busy writing code for $$$ professionally.

I think we should improve on how the development process works.

1) have a small core group that can accept pull requests,  we might already have this, possibly someone besides burstcoin have push priveleges to the github account

2) establish a unit test software suite that thoroughly tests the existing code and interfaces

3) at this point, everyone can create small and big changes to burstcoin, and present it for the core group as a pull request.  The pull request can be tested using the unit tests, as well as of course be revieed and test run on the testnet. When the core group finds the change okay ( doesn't break anything ) then they can pull the request into the main branch for the release they want it to appear in.

4) official way for non-developers and developers alike to put in feature and bug requests, discuss them etc.  ( github has this, but it has hardly been used, and likely almost none of the burst users know where it is, how to access it)

With something alike to the above, we don't need a lead developer, we just need a lot of developers with a little bit of spare time to each fix whatever they feel like fixing. The core group can develop too, but in fact only need to review and test and make as sure as possible that the code that reaches the main branch is not giving the coin trouble.

the core group will then decide when we have a stable branch, so it can be changed to a release branch and tested further on the testnet.

and the core group will handle the release, resulting in a set of binaries, and sources that whoever manages the bitcointalk initial post can then make links for.

We don't need a core developer doing everything. Much more stable and safe to have a larger group of developers build the coin, each spending whatever time he/she has available.

We already have some features some of us would like to pay for, so it is clearly possible to award a bounty to whoever produces a new feature.

Who knows, with this kind of setup, burstcoin will perhaps still once in a while do some coding for BURST and hand it to us as a pull request. Or he can be part of the core team, and review code when he has time, his input will always be enormously valuable.

If BURST becomes a team effort with a documented software development process, i think investors will see less risk in the project.

As I said, I will still support and maintain the AT part of burst, but working full time as core dev is something I can not handle atm. But I would gladly help and guide any new devs willing to contribute. The first "easy" task would be to port the new features of nxt ( at least the ones the community wants ) into burst. 

Thanks for the confidence man, me being the last possible choice and all.

As I said it earlier, I no longer want the position. If the community is so important, perhaps they can write the code too.

Uh, don't you think that vbcs would've been one of the first people I contacted? Since he's on the team? You think I chose the most likely person to cause complete disagreement in the community as a first choice? Get real man seriously.