Infidels! why you think /bin/laden is cheat? me no cheat my friend, me high-performance.
Soon, you will all be able to join the Al-Shabal Burstcorrist Mining Camp, where I'm willing to share my mining power with you.
Nope, it's not the nodejs uray burst-pool.
and NOOO, it's not the blago miner, I made proper port of the dcct-miner, for windos. And an optimized plotter, like 15% faster.
Let's just say, amongst many other bugs, that {char blago[50]; return blago;} is just not right. OK? I see Blago commented on me
Peace be upon you!
I can say this... ever since I saw /bin/laden, I loved this guy. As long as you don't crash the market, I'm cool with whatever you do. haha.
I could use a new plotter.
crash the market? you crazy?
let's pump it up
How do you think we increase the value to BURST?
"We increase", as in present tense. I see it's DEcreasing, I don't think you're increasing it at all. So, do we do the pump or not?
Sorry for my language skills.
How do you think we will/can increase the value to BURST in the future?
IF you by pump (and dump) mean the ordinary thing, that's not very interesting for me... Are you in BURST only short term?
No worries about your English, but I actually thought you were saying just that ;P
There's nothing wrong with pumping. What I mean, is that the price is low right now, yet I see no big buy orders. If we all want it to rise, we should have faith in it, put many orders there, either we get real cheap coins, or the price will rise, we like both scenarios, right? I mine like what 25 blocks a day? the remaining 215 is mined by you guys. Let's all chip in, put some orders and I'll join with 10%.
Most altcoins are pretty useless, their only usefulness is trading, burst is no different. so we don't need to be ashamed. that itself gives value to the coin. 980 page forum, also does, being listed on poloniex as well. However, 3 BTC volume and 8 BTC in the order book DOESN'T. And then there are the traders who (THANKFULLY!) bought many coins well above 150. They will have to join in as well, and they can't really dump it to us, since they will be losing on it.
Having an USD exchange [yea right
...at least for now] would further add to it's value. Then the ability to transfer money with it would give it value, like with BTC and LTC
With BURST the only interesting thing is the mining algorithm. I am thinking of making a CryptoNote fork with this algorithm. Let me know who's in this with me?
CryptoNote is way better, it is a distributed trustless coin mixer. Right now there's Monero but it's pretty hard for the average user to actually use it as a mixer , but with a few tweaks I can make something usable out of it. So having the ability to mix, is also a thing that gives value.
And my final point is that all coins suffer from the deflationary model. Wait WHAT?? But we all thought this was good?!!
I've been into mining for over an year now, believe me I've seen this happen over and over. The thing with the decreasing block reward is that there will be many coins emitted at very low hashpower, that eventually get dumped to a very low price where new coins will just be unprofitable to mine. What I mean is, that if somebody bought (or mined) cheap coins, they have control over the coin cheaply, they have a shitload of coins, ready to dump at any moment when they feel like the coin is going south. The only reason they're not dumping is because they can't possibly dump them all at once. That's why all coins eventually go down.
Instead what I propose is that the block reward should be proportional to the hashpower that was put in it. Say right now we have 12PB, we can measure it like we do with electricity, say PBh, PetaByte-Hour. And just as an example we could give 1 coin for each TBh that went into mining that particular block. (it's simple math, no rocket science there)
This makes perfect sense. Say if we would all be into farming wheat instead, for some amount of seeds we plant we know we expect to harvest 1 ton of flour. This will always stay more or less the same, no matter how many people will farm in the future, or have farmed in the past. Why not have the same principle for coins?
Ok, so now you ask, why would somebody invest, if infinite coins are emitted. Simple, a ton of flour is still a ton of flour, and anyone can find out exactly what it costs to produce one, and as with any commodity, the price will fluctuate, hence the possibility to profit does exist. However we will be less likely to have any brutal pump and dumps. Also instead of paying tx fees, we can burn the coins when transactions are made, to compensate the infinite emission of coins. And being a cryptonote mixer, transactions is what we like to have, it draws value from that. We can also implement a thing where you can't keep an input for more than a month without transferring it, this also serves our mixing purposes well. We do need many transactions to mix our coins with, if we like to have a good anonymity.
Any constructive comments are welcome
