Topic: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 - page 87. (Read 2170646 times)

If I understand you correctly, you have issues with block time.

BURST block time is 4 minutes, compared to Bitcoins 10. In BTC, people usually wait for 6 blocks to consider the transaction final, that is they wait for one hour on average. If you wait for 6 blocks in BURST, it will take you - again on average - 24 minutes.

Naturally, this comparison is not without its failings as you cannot compare BTC and BURST hash power directly.

Anyways, it is incorrect to claim that a single transaction can take 1-4 hours. On average, it takes 4 minutes for a transaction to happen in BURST and 6 minutes in BTC. BURST varies more than BTC in this regard and the longest block time I've seen in BURST was over 2 hours, while in BTC I have not seen a block time longer than 1 hour. That is due to BTC having more, and more stable hash power than BURST.

Until now I do not know about the transaction explode, because in a single burst transaction can take 1-4 hours, it is very inefficient in the currency and if in the future be used as a means of payment I am sure this will not succeed. Sorry I just ask, and do not intend to Fud, thanks

Until now I do not know about the transaction explode, because in a single burst transaction can take 1-4 hours, it is very inefficient in the currency and if in the future be used as a means of payment I am sure this will not succeed. Sorry I just ask, and do not intend to Fud, thanks

How many more assets are you planning to release Crowetic?

It doesn’t make sense imho to keep releasing one asset after another without actually looking at whether the assets that you have released in the past are actually benefiting the asset holders (apart from the usual I am gonna pay out a bonus BS). It would be nice if you could actually take a step back and publish some sort "financial details", so far your main selling point seems to be "trust me I am crowetic, invest with confidence"
I am sorry to break it to you but many people myself included are in crypto because of the decentralised and trustless nature of it.

I took a quick look at few of the assets you run and it wasn’t a pretty sight so I am quite intrigued to find out what gives you such a high level of confidence in that you are a “ successful asset” owner and operator.

Byteent: the most that you can return to investors over the next 10-12 years is 2,410,803 burstcoins (based on a pool fee of 2% and 25% of the network) and the current market cap of the asset is 70,000,000 burstcoins

Bsilver: is beyond dishonest in my opinion, it currently has a market cap of 100,000,000 burstcoins, you are telling your investors that they can claim 1000 assets for 1oz of silver, using the current prices that works out to be around 100*1000*0.00000058 * $905 (coindesk BPI) = $52
1oz of XAG with 20% premium currently costs  $20

The other thing that bewilders me about this asset is that every sane and insane person in crypto expects that bitcoin, burstcoin et al will outperform all precious metals and more so when you are valuing your silver at $52 given that the all time high was actually less than $50, isn’t that funny

Burstaker: has a market cap of around 60,000,000 burstcoins, this asset is quite astonishing for mainly 2 reasons, the first one is actually the quality of the coins you chose to stake, Viral and DMD, both coins have been on the bittrex removal list quite few times, they have negligible amounts of volume on average. And secondly who in their right mind would sell burstcoin for those two. The cynic in me tells me that you were bagholding both and you couldn’t sell so you decided to dump your dead bags for an asset and take the more liquid burstcoin from a trusting community.

I won’t get into your worldmine asset as I want to give you the benefit of the doubt

There are other sorts of behaviour that I think are quite dishonest too, trading your own assets and also transferring quite big amounts to people without actually going through the asset exchange nor announcing the sales on forums for the sake of transparency, never talking about actually how you would go about liquidating these assets and what % of burstcoins will go back to the asset holders, how much of the assets' burstcoins you have sold, and what price  and not adhering to Haich's list of asset issuance requirements .....etc

I believe that you have done quite a lot for burstcoin and I am pretty sure that you have done quite well with it too

I like the idea of the asset exchange but I honestly believe that it is in a huge bubble and ultimately the bubble will burst (no pun intended) and when it does it will be the small shareholders who will suffer the most and my fear is that burstcoin will suffer as a result of that just like what happened with dogecoin and Moolah aka Ryan Kennedy.


Unfortunately the exponential rise in price in september has attracted a lot of bad characters so my humble advice to my fellow burstcoin holders is do your due diligence, don’t get caught in the hype. Invest your burstcoin in projects that bring added value to the coin and there are few good examples such as burstize and burst casino and few others.

Best of luck to you all and happy new year

sure now the price is low, it will surely rise soon

Or as said, buy some of them.

I think you should invest them into some good asset!