Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 187. (Read 2170895 times)

If the holders are dumping then our job is even easier. And no the block size increase will just make them dump too, as the miners will put sell pressure on the price, making their investments turn red, then they will too sell eventually.

If we need to convince the holders to hold, then we need to show some unity here, trust is the keyword and without trust the investors wont be pleased.


Lets not debate about the wording here, but "pumped" high price is not very constant, it will probably crash without any fundamental support.

Miner uppgrade will show network support, which is somewhat good, but in either case we need investors, who are pleased with results.

Those who will invest and hold for long term. We need to show them that BURST is a long term project and it's here to stay, then it will be better.





I worked in marketing and i`m also an investor for a few years, specialized in altcoins. It is not certainty, but it is a high probability event given the circumstances.


At this point you lost me, I dont know what you are talking about, I wasnt in the BURST community 6 months ago, so please check your facts.

Firsts off, it's not profitable to mine and dump at this price. It has to be the holders who are dumping.
But let's not forget that the price has been constantly dropping ever since the coin was launched.
You are kind of implying that our changes would make the price drop, when the price is already dropping, clearly what YOU are doing isn't working.



high price? I agree. Pump it!
lure in? doesn't that kind of imply deceit? funny choice of words
make miners upgrade  that means high price again


What makes you such an expert? how do you KNOW this? You make this sound like a certainty.
Have you been doing it in the past and it worked? Price has only fallen. Let's not forget that!

Price is never going to rise as long as we have 1 Billion worth of baghold. It's just too risky to buy this coin, from an investor's point of view.
If new features are developed, it's still to risky to buy this coin, it WON'T mean burst is going to be used, but a bagholder-free clone of it.
Hold hold hold, just doesnt work, get it out of your system.
Or wait and die, and make room for a better clone.
You can no longer make the argument that burst is going to rise. You said that 6 months ago, and I was right and not you.
Any other arguments you might have? The ones from 6 months ago we already know are invalid, please I'm trying to reason with you, be reasonable.

The modifications to the Marketplace would make the coin more used, and bring more people by bringing attention, and thus there would be many more people putting money into the coin. I don't think the price would get as low as you think with active development working toward these modifications.



Issue remains that the team is quitting, the dev hasn't been heard from, and without paying out of pocket (or from select few donators) we aren't able to hire a dev or marketers. I'm doing what I can but I'm one person, the people that remain in the team are doing what they can but they're also only a few people with not much time.

Even with all of us working very hard, the limits of the reach of our promotion VS that of a professional promotion team is going to be pretty big.

The amount of work needed requires more people to help. I haven't had many requests by the community to join and help.

Ideas are good, but how we get them done specifically is where the problem comes in.

Miners mostly mine the BURST then dump it at whatever the market price. If you increase the block reward for them you will only decrease the price severely to the point that it can be critically low. It would be a devil's wheel that would feed on itself and can even destroy BURST alltogether.

Instead, a better approach would be , high price, that would lure in more miners, or make miners to upgrade equipment and have a bigger network size, for better profit incentive. A higher BURST price can only be achieved with proper marketing, a strong dev team, and good assets to lure in more investors.

---

The INCOME report is ready, and can be found here:
https://burstforum.com/index.php?threads/ann-income-asset-decentralized-referral-empire-based-income.839/page-4#post-6179

We made 3x more profits than yesterday, so I see that the profits are not uniform, so I`ll monitor all this week's activity, to kind of measure the daily average ROI.

Today daily ROI for today is : +0.38502%

I'm glad you're happy with the way things are. What makes me unhappy is seeing the size of the network drop. Seeing people say they've quit mining because it just isn't worth it, and knowing there are other ways both available now and coming soon that people could potentially use their disk space for better rewards, and thus making the network drop moreso.

I am just asking for suggestions, specific suggestions with ideas on how to make it happen.

I guess if you think everything is fine, that's cool. Thanks for the comment.

Being new here and mining for  a month, I like the way it is right now. I wake up check my miners  have lunch check my miners ...it just works. Went on vacation and left everything on........came home and computer was running on energy saver mode with no problems of overheating on 90 degree days.

If everyone is happy mining, then what makes you unhappy?

.....Price?
.....................Jealousy of another miners rewards?


If everything is fine then what needs improvements or refinements. I just don't see any issues other than continue with ease of mining and tutorials.

To Do list:
1. Security
2. Marketing
3. Price.

Not sure I see how it would make current miners more greedy... explain please.

Yes, marketing is great, but there's only so much a couple people can do. We gladly accept the assistance from the community when offered.

I can start the crowdfund now for the signature campaign, and lets see how many people actually donate. This is a notorious issue with anything we post asking for monetary assistance.

In 23 minutes the new INCOME income report will be ready, we are already better off than yesterday, at first glance, but for exact measurements we need to wait 23 more minutes to be the same time of measurement.

Its exciting to see the BURST investments grow like that, in terms of BURST we already made enormous profits, because the first BURST wave was sold ~ 40, and the second ~35.

Now that BURST is 31, then if we buy back BURST with satoshi, we would already made profits, just by holding the funds in BTC.


Of course despite that, we also make +0.1% or perhaps more (we shall see in a few minutes) daily.



I think my asset should be inspirational to all BURST innovators, we need good quality assets that would attract new investors

I don't think I understood a single word of your first sentence.

Most of the team has left for one reason or another. This would be an attempt to build another from the remaining members, and gain new members as well.

We readily encourage the community to help with anything they can, very few actually have.

There are still many edits possible in the paper, as I mentioned multiple times.

I'm not quite sure what your point of posting this is...

thank you guys for it, as soon as you release it i will take a look and check it.


but i cant understand one thing here, why if you want to buy burst, you don't use one of the current exchanges where we are?


edited:


hell, didnt notice that you already post it  , lets check it.

burst reborn??? paper? white? Weakness of thought and innocence - all in one.


Burst has an innovation (poc), burst has established blockchain (very important), burst has undervalued features inherited from NXT, and implemented uniq one (AT), burst have a small, but strong community.

Burst have't leaders...Sad


 

Do it please, and do it asap, it would really help BURST get some juice.

If it's possible then you can pay the signature campaigners in BURST instead of bitcoin.



Forum signature publicity is definitely a better promotion than a thread full of bickering and hostility.

I dont think the fact that you guys are bickering in this thread is giving positive light on BURST.

I think we need to settle our issues, and start working on burst.


I think it is because it doesnt necessarly bring in more miners, but it will just make the current miners more greedy and they will dump all the coins making the price go very down straight to 0.

It is a suicidal approach, my suggestion would be to work on the marketing side of BURST with perhaps the signature campaign that I suggested above.

Here is a link to my paper, it isn't fully edited, just wanted people to see the ideas that I had proposed to the team.

The document is commentable, so leave a comment (make sure you leave your btt username at the end or beginning) and we can discuss, or you can quote parts and discuss here, or in the burst team chat.


Look forward to seeing the opinions of the community.



Link to Crowetic's Suggestion Document for 'BURST ReBorn' below...

https://docs.google.com/document/d/1Xk23cNYy1BfV5DNto5FjG-3l1VUDFXETAqHbeyK7rX4/edit?usp=sharing

Increasing the mining rewards is not a bad idea because I thought the constant downtrend on rewards really hurts the POC concept. It should be increased and more or less kept at that reward level for a long period (similar to bitcoin/litecoin and the halving aspect but maybe not as low as halving). Providing more utilization for Burst is a must. The assets are definitely a good start but thats more from an investor standpoint. You need more utilization from a common user as well. Looking at the CLAMS concept maybe a burst dice game like dooglus has? Give the players an option to play or invest in the bank roll.  It seems to have really helped CLAMS maintain a good value (although the POS aspect also helps fund that bankroll and keep its popularity as well). I think the burst/btc exchange would be nice as well but more direct utilization of burst is needed.

I'll be posting a link to my paper soon, just doing a couple modifications to it. But as of now, the entire plan hasn't been seen by anyone but the core team. I will be posting it for the entire community as soon as possible.

You should figure out the range it was longer ..., lets say it was 3-6 chars longer. Than you could set passwordSize to 3, next try to 4 and so on. Using your 105 chars long prefix. (passwordSize is only the rnd part)
Edit: you can run multiple tries at once, simply go back to config tab, adjust and press start.
Your entire burst address as key is ok. It is possible that you find your bust address but it is not the correct password, unlimited passwords lead to same burst-address, but your wallet will tell you.
Edit: The rnd part of the tool does not contain special chars! If the end of you password contains $ or % or whatever, you have no chance.
Good Luck!

Is a formal plan listed in the OP or anywhere for community review? Sorry if I missed this, at one time I had said I would be willing to donate if there was a clear plan or the Dev was back and communicating here with a roadmap of features/fixes. I understand the personal issues but there needs to be a time when another core Dev takes over and outlines a path for change including the associated cost. The current status of "wait for Dev to return" does not seem like the best plan.

I find it very hard to believe the Dev cannot spend 5 minutes to post and say "Hey, I have some personal issues to deal with at the moment, I am still committed to Burst" instead of sending crowetic as a messenger.

C`mon guys i cant believe nobody added this coin yet to Yobit:

https://yobit.net/en/addcoin/

Guys add the coin to yobit so that I can buy some. I`m waiting here for like 1 month to buy some.

I doubt he's in the richlist because he doesn't hold his coins very long.

I've also proposed a change in the core structure of the team, so that it would be more business like.

Currently a 51% attack isn't possible yet, luckily. But the trends show the network shrinking, this is what we're trying to prevent. Because whether you believe it or not, bitladen isn't the bad guy here.

The problem, is that this kind of attack is even POSSIBLE. This in itself means that our network is too small. If we're legitimately to a point where 51% is a possibility, there needs to be some changes.

Does anyone disagree?

Who here thinks everything is fine the way it is? Who here thinks that everything that has been going on is just fine? Who here thinks that the BURST network is not in a situation that needs change? If you think this, please tell me what you think the future looks like and how we should get there?

The problem I've seen, is that no one has any other ideas, they mostly agree that changes need to be made, but have nothing to offer as far as WHAT should be changed, or WHO could do it. Not only COULD, but WOULD and wouldn't ask for any payment.

The only payment bit's asking for is a change that would help the entire mining community of the coin. A change that would give a reason to not only continue mining BURST, but for new miners to jump in and start.

We all realize that today's crypto market is different than when BTC started, right? There are many different factors that must be taken into consideration when developing a model for the coin. The old school model was fine for BTC, but it seems BTC only is the one that will be successful with this model. Show me another alt with this model that has kept up with the decline.

Do you really think that if we continue this way, that we will have enough transactions on the network to make it worth it to miners at the end when the blocks are mined out?

This mining style is BY FAR the most power efficient, but we've STILL got miners quitting because of POWER? Doesn't that seem crazy to anyone else? Even before the GUI and ease of use for the coin, back when the rewards were higher, there were MANY more miners, coincidence?

There is a whole idea set forth that with which the change of reward is only one of the first steps. The rest includes making our decentralized market anonymous, and having a built in btc-BURST exchange so that the market can be used with BTC directly, and many other uses. But the change in reward is the first step to KEEP our current miners. I don't believe that the price would be affected all that much by this change, the price is already low. The cap wouldn't be hit for a while now, and the increase in reward wouldn't be all that much until the network grows anyway. The point is looking at the future.

I have already addressed his "threats" many times, I do not take them as threats because if they were truly threats without any other reasoning, why would he do it in public? He's simply pointing out this is a possibility, and since people don't seem to be believing him, he's saying he will prove it if the situation becomes available.

But it seems like instead of accepting a plan with almost everything the community asked for included, it seems that no plan is more favorable to the community. Sucks, but that's what seems to be the case.