Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 251. (Read 2170893 times)

it is interesting to see that a 'dying' coin gets so much attention

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

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.

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

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 ...

Other coins have mixing services, why would people want to come to Burst just to use that when they can already get that service elsewhere, as well as more refined marketplaces.

in something here for someone like you to just dump away the majority of their coins (you invest 1M, have 12M to dump) no thanks.

if you went away in the next moment, no one would care or notice your departure.  that's the truth of your essence.

As for actually using BURST... as a coin, instead of bitcoin. Even litecoin doesn't really do that, let's be serious here. Still a mixer would give it some legitimate usage, a marketplace also would. A drug marketplace and a coin mixer, would be just perfect.

Now is anybody going to finance these projects? I put down 1M, I can top it up, but at the moment I'm the top contributor. Coding costs money you know. Y'all just wanna baghold while somebody codes something for you for free. Nice plan. Good luck.

Seriously throw some coins in, if you wanna see something happen. Burst already has support for crowdfunding. Use that, quit bagholding.

I'm sure I would not qualify as a big holder of coins with only a few million but there is really no point of increasing incentive for miners if there is nothing you can do with the coin besides speculate on some assets.  There needs to be places to use this coin as others have mentioned above, without utility it is going nowhere.  It is frustrating to hear there is no progress on a Poc2 solution as other competing solutions like SIA coin, maidsafe, storj will soon make Burst a thing of the past if it cannot get beyond this hurdle on making use of the hard drive space.

 Some type of recurring revenue stream is needed to fund marketing efforts.

Small hash rate reduces the coin value to 0, that's why you need to get incentive to miners. Miners mining it actually increases coin value. The cost of this is inflation, of course, but the alternative is 51% attack and death. So, you can see that inflation will actually be good for holders. Better to own less than nothing.

But I really wish that some of these big holders would post here. Let's see what they have to say. Do they want to give incentive to miners or not?

New updates coming and pump is inevitable ... .

A bigger block reward, increases the rate of inflation, reduces the value!

.. my idea.. and a block reward variable on function of value of coin and Tb used for mining ? This function will be made a little period of ROI   for everyone, big reward for little users and penalize big farms.
On this way more will be more attractive for a lot of users, so more popularity and less marketing.

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

No need to change block reward. Just implement PoC2 which suppose to be out soon?

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.

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.

The next update or 2 will be some long overdue extra account security features. There will be the ability to authorize another account to spend from an account with spending limits(amount / time)(allow access to your funds while keeping the account its in cold stored or other ), and accounts will be able to be set up for multisig. The authorized spending backend stuff is all done and has been tested successfully on a testnet, but has no user interface yet. Multisig is still in progress. I haven't decided whether those will be released separate or grouped together.
Afterwards AT interfaces will become a priority, and I also plan to do a bit of block header restructuring some time soon(header only validation cannot currently be done, but could be with some restructuring)


None of the PoC2 attempts have worked out well in practice unfortunately. Plotting ends up being horribly slow(much worse than PoC1) and large gains can be had by shaving bits off and brute forcing them with gpus. PoC2 is now on hold until a better solution is found.

Any new blog post planned?

If it's ok to come with topic suggestions, I'd like to read more about the ASIC resistance of Burst