Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 252. (Read 2170648 times)

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.

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

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

And regarding block rewards keep in mind it isn't only the miners who are affected by prices. In fact I suspect some developers are more likely to buy lots of cheap coins rather than mine them.. so cheap coins may mean more developers. Certainly attracted me.

The only catch is we have to take off and start getting more transactions on the network faster and/or increase in price to keep miners happy and mining.

That being said,  given that hats drives are ASIC proof, I suspect we can still get lots of miners.. Definitely easier than POC. 

So personally,  I probably would have slowed down the rate of inflation by about two but I don't think it'll kill the coin by any means.

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 ...

Agreed. This is just a temporary situation, things will pick up. The people that are committed to the long-term success of the coin will always stick around, we know that the coin is meant to be successful.

added myself and invited a bunch of my friends to the page, however I do notice an edit that needs to be done "Smart Contracts (SM)" should be SC and/or ATs and list the link to ciyam.org/at for the info on automated transactions.

when block rewards go down, if the price stays the same, the least effective miners will abandon ship, and thus the ones staying behind will make more.

However, the creation of fewer burstcoins over a given period of time, will lessen supply, while demand is liekly the same, that will tend to move the price up.

imo, the parameters selected for burstcoin is in the top 5% best parameters selected for any altcoin. they are good for the long term, and we want/need longterm commitment.

Ummm

That's it?

What are your future plans for the coin?

What about binladen saying increase the rewards or he will dump the coin to dust?

While the guy has a piss-poor attitude, he does raise some valid points. A lot of people sitting on a lot of coins that were massively mined when block rewards were so much higher and difficulty much lower.

Shrinking block rewards are killing the coin because it is making it too hard to mine. People do not want to invest in the coin nor equipment because of all of the large bag holders sitting on their stash.

It would be nice to hear you address this.

Thank you.

Glad to hear from you  

Thanks for all your work mate. If you want to join our community slack at burstcoin.slack.com shoot me your email address in a PM or send it to xiz[at]hushmail.com.

That goes for everyone! Come join us!

I planned three tweets for the first batch on the issue of undervaluation but it ended up five, with two graphs! And much more to come later.

Retweet = support!

Warm regards,
Karl

https://twitter.com/karl_perkin

Confirming I'm still here. Sorry things have been slow lately.

Hello,

This is Karl Perkin. in a few minutes I will start the campaign on my Twitter account to show that Burst is undervalued. I do not know how long it will be going on, but I have planned quite a few tweets. I will, however, not post everything at once.


Firstly, I encourage everyone who supports Burst to join my account at https://twitter.com/karl_perkin and retweet the posts. As of now, I only have a 75 followers.


Secondly, you can still contribute contents for tweets, preferably in 140 characters, on why Burst currently trading at 74 satoshi IS seriously undervalued!


Thank you all for helping Burst!


Warm regards,
Karl

Nice work Should be on the OP, I think.

If main-dev isn't here much, perhaps we can start a new ANN page where we can update and make a better OP.

I took the liberty and invited everyone who registered for our newsletter.
If you object to that, please let me know.

Also: BUMP

great idea (slack) I am already there in the "supernet" group, it is working very well for them, hope one day supernet and burst "talk to each other" ie all they need to do is like QORA open interface for AT.. for inter coin exchange and just in general collaborate

above, development of burst is happening and there is a nice roadmap, I believe some people confused "getting rich fast" with pure technological innovation that occurred and will be occurring further, money will come later, although this might be a perfect time to acquire coins (in my opinion)


 

also speaking of money, so look from this way, slack and dynamics of development and collaboration in Supernet group is causing BTCD (and auxiliary support coins such as VPN) to go up (I doubled on it more or less) but it takes time, same here,  please be patient and take one day at a time and mine of course.. that peta capacity is great it has peaks upwards of 18,000 , thats substantial..

Dear All,

In light of recent discussions we've decided to open up a slack for communication and see how it works out.

Slack is located at burstcoin.slack.com and everyone is welcome. If you'd like an invite shoot me a PM with your email address or email me at xiz[AT]hushmail.com

Thanks

Can anybody confirm developer still working on burst?  Do we need community take over of coin?

acquired around 700,000 BURST since you are selling