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Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 250. (Read 2170893 times)

full member
Activity: 322
Merit: 100
So how exactly would you do a 51% attack on burstcoin, given that it is coded from the ground up totally independent of the bitcoin code. There are some things that are different enough that the 51% attack needs to be quite a bit different. Do a walkthrough with 10 nodes for instance..

Let us know that you have the technical knowhow, and is not just trolling, trying to scare people into selling their burst before you pump and dump it.

HAHAAHAHAHAHAHHAHAHA. It's actually easier to do it with burst, since you get the benefit of knowing the deadline.
But why would I have explain myself to you? I have 17% of the mining power. Need I say more?

But if you do want to talk to me, you need to qualify.
Do you have some 100s of TBs mining?
Do you hold more than 5 milion burst?

I really want to talk to these people. If so, PM me.
Other people, I'm really not interested in wasting time with.
member
Activity: 65
Merit: 10
IMO Changing coin circulation is a bad idea. That's all I have to say on that. Bitladen is obviously NOT an idiot, he's a pretty darn clever person. I disagree with him on a lit of things, but there is one thing I do agree with him on, and that's bounties for development, and the bag holders. Seriously, BurstDev has put in hundreds of hours, and all you miners give him nothing, apart from crap when he's a little silent. Now why not rather support BurstDev, and perhaps other devs(if bitladen wrote us some code and burstdev reviewed it and we paid him a fair price, well, why not?).

Also, callmejack's idea f the messenger, well, mczarnek and i have been discussing the options for that for a long time, and have come up with some pretty decent ideas, although there are still some flaws. I think also, that instead of trying to store stuff in our plots, we should build, like callmejack said, some sort of service which allows you to use burst to buy cloud storage. This would be like storj using the mastercoin network for it's actual coins. This would allow those with bandwidth and storage to get burst by renting out cloud space, and then those who would rather not spend their bandwidth(your average home user) could just mine burst, securing the network. Also, it would be auto switching for those who want to use their bandwidth, if there is not demand for cloud storage, they just mine burst.

In this way i believe burst would be able to easily overtake storj, sia, and maidsafe, seeing as it has so many other awesome features. Not, I only have about 2 million burst, but I would be willing to give a QUARTER of that for this to be implemented, that's 500k burst. Now, all you other bagholders, why wouldn't you do the same? We could easy raise 20 + mill burst for it and get it done!

So, let's go get storj and maidsafe! I would also give 150k burst for a bounty for decentralized irc.

That must be the best idea yet for promoting Burst into something that is used in the real world and that will give Burst purpose, utility and value.

If you look at the model offered by Maidsafe and others, they do not offer a promise to use all of your storage, all that they have is a proposal to allow a capacity farmer to get paid for some proportion of offered capacity. If I pointed all of my available storage at Maidsafe, how much could I actually monetise? 5%? 10%? I would still want to do something else with the remaining space - I would use it for Burst.

Suppose that I can dedicate 40TB to the network and Burst offers me the chance to have plots or to sell storage space as the demand for space grows. As I get deals to store data for other people I can delete plots to make way and then, if demand for storage drops, I can replot for mining.

If you had such a system,you could use some of the features of burst to good effect. Smart Contracts/Automated Transactions could be setup to ensure that good faith actions would always be rewarded and anyone trying to game the system by failing to store data as contracted or by trying to avoid paying for storage if they did not need to retrieve data would be penalized. I have a design for a scheme that would achieve this in a framework of smart contracts and automatic transactions.

Best to discuss detail away from the forum as it would involve intricate discussions of crypto methods that would be arcane and irrelevant to most folks.

I'd be willing to pitch in with development on this if it would help burst.

legendary
Activity: 1932
Merit: 1042
https://locktrip.com/?refId=40964
New updates coming and pump is inevitable ... Smiley.

i hate pump!!!
the pump is inevitably followed by dump!!!
and this is bad for burst ecosystem!
sr. member
Activity: 286
Merit: 250
I think you need a lot more than 51% diskspace before you successfully can do anything - and you would need to keep that capacity for a long period of time.

Anyway, should you succeed, burst would probably just be released in a new version that discards your fork, and that version would be the old burst witout the attackers.   The attackers can then release another version, and keep their fork going with that. Basically BURST would've split into two, and miners and users would have to choose what to mine and use.
LOL, what stops me from forking your new chain then? And with mining compromised, how do you determine which chain is the right chain?  Frankly, you have no idea of what you're talking about. Cryptocoins heavily depend on mining, there's no going around it.


So how exactly would you do a 51% attack on burstcoin, given that it is coded from the ground up totally independent of the bitcoin code. There are some things that are different enough that the 51% attack needs to be quite a bit different. Do a walkthrough with 10 nodes for instance..

Let us know that you have the technical knowhow, and is not just trolling, trying to scare people into selling their burst before you pump and dump it.
sr. member
Activity: 286
Merit: 250
Miners are paid by transaction fee. The more transactions, the more money for the miners.  The distribution phase pays the miners extra, but that is just to get the coin out there on many hands. If you think your mining operation doesn't make you enough money, sell some of the disks, see the reward go up by difficulty coming down, and make more on the remainder of your disks.

or fund development of new features that generate more transactions

inflation is the silliest thing ever. It makes it expensive to use BURST as a store of value. I would get out of burst at once if it had inflation. Inflation is the miners stealing money out of the pocket of all the ordinary users of BURST
legendary
Activity: 1512
Merit: 1000
quarkchain.io
IMO Changing coin circulation is a bad idea. That's all I have to say on that. Bitladen is obviously NOT an idiot, he's a pretty darn clever person. I disagree with him on a lit of things, but there is one thing I do agree with him on, and that's bounties for development, and the bag holders. Seriously, BurstDev has put in hundreds of hours, and all you miners give him nothing, apart from crap when he's a little silent. Now why not rather support BurstDev, and perhaps other devs(if bitladen wrote us some code and burstdev reviewed it and we paid him a fair price, well, why not?).

Also, callmejack's idea f the messenger, well, mczarnek and i have been discussing the options for that for a long time, and have come up with some pretty decent ideas, although there are still some flaws. I actually did read his posts, which i will do now. I think also, that instead of trying to store stuff in our plots, we should build, like callmejack said, some sort of service which allows you to use burst to buy cloud storage. This would be like storj using the mastercoin network for it's actual coins. This would allow those with bandwidth and storage to get burst by renting out cloud space, and then those who would rather not spend their bandwidth(your average home user) could just mine burst, securing the network. Also, it would be auto switching for those who want to use their bandwidth, if there is not demand for cloud storage, they just mine burst.

In this way i believe burst would be able to easily overtake storj, sia, and maidsafe, seeing as it has so many other awesome features. Not, I only have about 2 million burst, but I would be willing to give a QUARTER of that for this to be implemented, that's 500k burst. Now, all you other bagholders, why wouldn't you do the same? We could easy raise 20 + mill burst for it and get it done!

So, let's go get storj and maidsafe! I would also give 150k burst for a bounty for decentralized irc.
Actually the decentralized storage platform got huge interest in SIA. This is something that Burst should have done long time before ,I believe. I'm strongly for such development either..
EDIT: and will donate for it too...
legendary
Activity: 1164
Merit: 1010
Changing the block reward would be unfair to anyone who made decisions based on the stated supply and distribution schedule. Nothing is perfectly distributed, but I don't really see it being that bad. Excluding the stuff we can't tell apart sitting in exchanges, the next highest address has a little over 2%. I don't see adding more coins which will probably just end up flooding the market being a solution for anything. Theres a lot of things I would have done differently in retrospect but I don't think block reward is one of them.

And coin dying would be more fair? Where are these people you talk about? Let's talk to them see what they think.

I think increasing rewards is better than coin dying completely. I'm not making a threat here. Coin is dying right now, and I haven't got anything to do with this. I still have 16m burst or so, I actually kept most of the coin.

Let's talk to these holders, I hereby invite them to post something on this thread



I think that changing the basic rules of the coin is very bad, everybody bought into this given the original settings, and they (at least I) trust that the coin was NOT like some government run fiat currency where they change the rules on you all the time.


I suggest you make a copy of BURST and set the settings differently, then the best one will win out in the end, or they will both thrive, serving different needs.


I agree completely.  While I'm not in love with the reward system, changing it any way would completely cheat every person who's invested in this coin.  You might as well just create a new coin if you're going to change the reward system after this long.
hero member
Activity: 588
Merit: 500
IMO Changing coin circulation is a bad idea. That's all I have to say on that. Bitladen is obviously NOT an idiot, he's a pretty darn clever person. I disagree with him on a lit of things, but there is one thing I do agree with him on, and that's bounties for development, and the bag holders. Seriously, BurstDev has put in hundreds of hours, and all you miners give him nothing, apart from crap when he's a little silent. Now why not rather support BurstDev, and perhaps other devs(if bitladen wrote us some code and burstdev reviewed it and we paid him a fair price, well, why not?).

Also, callmejack's idea f the messenger, well, mczarnek and i have been discussing the options for that for a long time, and have come up with some pretty decent ideas, although there are still some flaws. I think also, that instead of trying to store stuff in our plots, we should build, like callmejack said, some sort of service which allows you to use burst to buy cloud storage. This would be like storj using the mastercoin network for it's actual coins. This would allow those with bandwidth and storage to get burst by renting out cloud space, and then those who would rather not spend their bandwidth(your average home user) could just mine burst, securing the network. Also, it would be auto switching for those who want to use their bandwidth, if there is not demand for cloud storage, they just mine burst.

In this way i believe burst would be able to easily overtake storj, sia, and maidsafe, seeing as it has so many other awesome features. Not, I only have about 2 million burst, but I would be willing to give a QUARTER of that for this to be implemented, that's 500k burst. Now, all you other bagholders, why wouldn't you do the same? We could easy raise 20 + mill burst for it and get it done!

So, let's go get storj and maidsafe! I would also give 150k burst for a bounty for decentralized irc.
legendary
Activity: 3136
Merit: 1116
Changing the block reward would be unfair to anyone who made decisions based on the stated supply and distribution schedule. Nothing is perfectly distributed, but I don't really see it being that bad. Excluding the stuff we can't tell apart sitting in exchanges, the next highest address has a little over 2%. I don't see adding more coins which will probably just end up flooding the market being a solution for anything. Theres a lot of things I would have done differently in retrospect but I don't think block reward is one of them.

And coin dying would be more fair? Where are these people you talk about? Let's talk to them see what they think.

I think increasing rewards is better than coin dying completely. I'm not making a threat here. Coin is dying right now, and I haven't got anything to do with this. I still have 16m burst or so, I actually kept most of the coin.

Let's talk to these holders, I hereby invite them to post something on this thread



I think that changing the basic rules of the coin is very bad, everybody bought into this given the original settings, and they (at least I) trust that the coin was NOT like some government run fiat currency where they change the rules on you all the time.


I suggest you make a copy of BURST and set the settings differently, then the best one will win out in the end, or they will both thrive, serving different needs.


Agree. Changing emission and especially total coins is akin to violating a contract.
sr. member
Activity: 306
Merit: 250
For Sell
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Anyone who's not with me is against me.
---

Great that you are such a democrat  Grin

I'm against the idea (and you)  Cheesy



Reminds me of George Bush's quote Smiley That would make him a Republican.


You're correct. Now I picture bitladen more as a cancerous John Wayne on a really tired camel.  Grin

('The Searchers' is a really good movie though)
hero member
Activity: 785
Merit: 500
BURST got Smart Contracts (AT)

So, I got 17% here, we need 33% more.

Anyone who's not with me is against me. If the 51% is formed, all the others will be orphaned by us. More money for us.

But then again, why would a miner be against me? Maybe because he's also a bagholder. Fuck bagholders. They killed this coin


I'll just state right now that I'm 100% against you.

Bitladen is a Greedy Bastard, plain and simple!

He has some how manage to amass a fairly large amount of hardware but he doesn't give a shit about the coin or the project. He has dumped everything he has ever mined, check his wallet balances. It's all on the exchanges.

No person in their right mind should partner with this guy. He's trying to screw all of us even though we're all miners just like him.
Do not partner with this guy, if he is openly willing to screw us he will do the same to you.

I will personally be investing in more hardware to ensure he cannot take over.



For or against ... is not the question.

What is good for the coin would be.
To mine and get not even the power bill paid, is just donation to the coin.
And that is with the progress of the coins development overpaid! As many already noticed, we have outdated wallets for months. AT celebrates soon its first birthday and still not in the wallet. It CANNOT be that difficulty to add that! The Lottery is dead already, Crowdfunding not used anymore. Why the effort, if not needed?Huh

Why do we need a coin like that, when we do not use it? Nowhere you can spend your burst.

I get more and more friend with the idea of getting paid by difficulty. It sounds fair to me.

legendary
Activity: 1582
Merit: 1019
011110000110110101110010
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Anyone who's not with me is against me.
---

Great that you are such a democrat  Grin

I'm against the idea (and you)  Cheesy



Reminds me of George Bush's quote Smiley That would make him a Republican.
sr. member
Activity: 306
Merit: 250
For Sell
---
Anyone who's not with me is against me.
---

Great that you are such a democrat  Grin

I'm against the idea (and you)  Cheesy

sr. member
Activity: 306
Merit: 250
For Sell
it is interesting to see that a 'dying' coin gets so much attention Smiley

That being said the invitation to join our slack still stands. I see some supporters of the whole slack idea here who still have not joined Smiley

My Slack idea was not the one implemented, but I of course wish that it develops into something great (and that I get some more time in the future to join).

If my memory serves me right Smiley

Why not have a "public" slack channel for Burst, where supporters can chat, exchange ideas, get feedback on their ideas and work for Burst, find collaborators - without being part of the dev-teams?

We provided such a slack. Hopefully, you do get the chance to join. As I repeat over and over again, we do read and listen to suggestions.


I'm haven't checked my posts but I'm pretty sure my idea was a channel within the dev-team's existing one, and if my memory serves me right someone kept nagging of prices and some 10K rule.  Wink I do hope devs really login to the public one too as you constructed it this way, and I do hope I've time to join you, perhaps already in July. Set your clock!  Grin

sr. member
Activity: 275
Merit: 250

So, I got 17% here, we need 33% more.

Anyone who's not with me is against me. If the 51% is formed, all the others will be orphaned by us. More money for us.

But then again, why would a miner be against me? Maybe because he's also a bagholder. Fuck bagholders. They killed this coin


I'll just state right now that I'm 100% against you.

Bitladen is a Greedy Bastard, plain and simple!

He has some how manage to amass a fairly large amount of hardware but he doesn't give a shit about the coin or the project. He has dumped everything he has ever mined, check his wallet balances. It's all on the exchanges.

No person in their right mind should partner with this guy. He's trying to screw all of us even though we're all miners just like him.
Do not partner with this guy, if he is openly willing to screw us he will do the same to you.

I will personally be investing in more hardware to ensure he cannot take over.

full member
Activity: 322
Merit: 100
I think you need a lot more than 51% diskspace before you successfully can do anything - and you would need to keep that capacity for a long period of time.

Anyway, should you succeed, burst would probably just be released in a new version that discards your fork, and that version would be the old burst witout the attackers.   The attackers can then release another version, and keep their fork going with that. Basically BURST would've split into two, and miners and users would have to choose what to mine and use.
LOL, what stops me from forking your new chain then? And with mining compromised, how do you determine which chain is the right chain?  Frankly, you have no idea of what you're talking about. Cryptocoins heavily depend on mining, there's no going around it.

Last but not least, if we give more coins to the miners right now, we will have to give less coins later on, so your plan is just kicking the can down the road, postponing a percieved problem.
I never said give less in the future. Perhaps give even more in the future.
This is the bagholders credo: reduce rewards.
Somehow nobody ever shows them what happens when you do this. But I can, and I probably will. Why should they make money, on my mining power without paying the mining bill? Doesn't make any sense. Why should I make less so that they can make more? What merit do they have, why do I need them.
I don't need them at all. It's only they who need the miners.

I urge you to fork burst and run your own, that would be a lot more friendly than trying to take over and make changes to inflation rate and number of coins outstanding. Not that it will work.  Any successfull attempt at changing things, will result in some or many people continuing with the original coin.

Now, I don't have to be friendly, I got the power. Friendly people are friendly because they have to. I don't have to.
sr. member
Activity: 286
Merit: 250
i could speak to some people, of which i know they have a couple of pb ideling, to join your 51% attack idea if a 51% attack would be possible.
since we do not confirm any transactions when we are mining a block we could only decide to not mine a block which results as attack in only a increased blocktime if triggered correctly.

that would be great.
besides 51% is right here, burst already has miners, we just need to form an alliance.
heck, we can make an 100% alliance

now the bagholders, claim is not fair. who said anything about fair anyway? we the miners have to take what's ours. you can think of this in terms of a strike.

I have to assume that all miners want some sort of reward increase at this point.
So please, miners, contact me!  Let's organize this strike.  Bagholders have to pay us, or else their funds will be permanently locked. From a miner's point of view, this is most certainly fair, hashpower costs money. And any miner alliance, that has over 51% of the hashpower, rules this coin. Even if this upsets the bagholders, they have no say in this.  It's just like that.

So, I got 17% here, we need 33% more.

Anyone who's not with me is against me. If the 51% is formed, all the others will be orphaned by us. More money for us.

But then again, why would a miner be against me? Maybe because he's also a bagholder. Fuck bagholders. They killed this coin


I think you need a lot more than 51% diskspace before you successfully can do anything - and you would need to keep that capacity for a long period of time.

Anyway, should you succeed, burst would probably just be released in a new version that discards your fork, and that version would be the old burst witout the attackers.   The attackers can then release another version, and keep their fork going with that. Basically BURST would've split into two, and miners and users would have to choose what to mine and use.

I was awarded quite well when we were only 1/3rd of the number of miners we are now, i am not afraid of the mining power adjusting down to what is needed or warranted. When the distribution is over, the mining power needed to keep the chain safe might be lower than it is now. We can always add terabytes if we see someone threathening the coin.

Also remember you have to plot. Nobody can just add tons of terabytes out of the blue - it takes quite some time and cpu power to plot.

Last but not least, if we give more coins to the miners right now, we will have to give less coins later on, so your plan is just kicking the can down the road, postponing a percieved problem.

I urge you to fork burst and run your own, that would be a lot more friendly than trying to take over and make changes to inflation rate and number of coins outstanding. Not that it will work.  Any successfull attempt at changing things, will result in some or many people continuing with the original coin.
full member
Activity: 322
Merit: 100
i could speak to some people, of which i know they have a couple of pb ideling, to join your 51% attack idea if a 51% attack would be possible.
since we do not confirm any transactions when we are mining a block we could only decide to not mine a block which results as attack in only a increased blocktime if triggered correctly.

that would be great.
besides 51% is right here, burst already has miners, we just need to form an alliance.
heck, we can make an 100% alliance

now the bagholders, claim is not fair. who said anything about fair anyway? we the miners have to take what's ours. you can think of this in terms of a strike.

I have to assume that all miners want some sort of reward increase at this point.
So please, miners, contact me!  Let's organize this strike.  Bagholders have to pay us, or else their funds will be permanently locked. From a miner's point of view, this is most certainly fair, hashpower costs money. And any miner alliance, that has over 51% of the hashpower, rules this coin. Even if this upsets the bagholders, they have no say in this.  It's just like that.

So, I got 17% here, we need 33% more.

Anyone who's not with me is against me. If the 51% is formed, all the others will be orphaned by us. More money for us.

But then again, why would a miner be against me? Maybe because he's also a bagholder. Fuck bagholders. They killed this coin
sr. member
Activity: 256
Merit: 250
More info about current development and plans would be nice!

But, the block-reward reduce is well designed ... and should not be changed in any way ... the ones who dump now, would just dump more, that makes no sense.
About the price ... i dont fear low prices, let big mines with rented servers dump to pay their bills ... means cheep coins for all who want some more shares :-)
The price will grow with coin development progress and new investors, not cause of higher block rewards ...

that's quite a theory you got there. did you look at the market, before you wrote this?
nobody is dumping! that's exactly the problem. more dumps would actually be good, it would bring volume.

even I hold. don't worry about my bills.
everybody holds because of the idiotic block reward structure. and by the time everybody decides to dump, there will be no market to dump it on. so go figure.
and if you want features to be added in burst, why don't you donate some coins for development?

but know this, if miners form an alliance with me, we could take burst down right now with a 51% attack.
even if they don't I can get 51% myself.

burst has no future unless the miners get paid.
end of story.

i could speak to some people, of which i know they have a couple of pb ideling, to join your 51% attack idea if a 51% attack would be possible.
since we do not confirm any transactions when we are mining a block we could only decide to not mine a block which results as attack in only a increased blocktime if triggered correctly.

as i wrote many pages earlier as the discussion was about filestorage i came to the conclusion that we require to have unique services payed for in burst.
these can be either on chain or off chain.
a good point to start with may be a secure encrypted chat system as mobile app.
we could use the wallet peers as relays and distribute all chat messages as a new tx type which is only stored in the blockchain for the last 3 blocks.
the mobile app could connect to a online wallet and receive as push service messages. this service would be payed for in burst.
in the second step the peers themselve would be able to earn burst by the previously mentioned token system.
the main difference to today would be that the peers would also invest bandwidth if they are configured to relay the new tx type.

another idea to create a service may be to adopt the poc algorythm to be able to host rainbow tables for a cryptographic hash function.
if someone wants to do a lookup for the plaintext word of a hash he would send burst to the "blockchain" and the lookup is injected into the next mined block as result. if the lookup failed the payed burst get returned. if nobody currently pays for a lookup query the plots would be used to mine regular, maybe as sort of pseudo payed lookup initiated by the blockchain.
to cover any 64 bit long plaintext a capacity of at least 32pb is required.
the most challenging part is to somewhere keep track which plots are still active and which need to be replotted.

hero member
Activity: 527
Merit: 500
it is interesting to see that a 'dying' coin gets so much attention Smiley

That being said the invitation to join our slack still stands. I see some supporters of the whole slack idea here who still have not joined Smiley

My Slack idea was not the one implemented, but I of course wish that it develops into something great (and that I get some more time in the future to join).

If my memory serves me right Smiley

Why not have a "public" slack channel for Burst, where supporters can chat, exchange ideas, get feedback on their ideas and work for Burst, find collaborators - without being part of the dev-teams?

We provided such a slack. Hopefully, you do get the chance to join. As I repeat over and over again, we do read and listen to suggestions.
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