Announcing the PoC Consortium Stage 2: The Burst Dymaxion - page 2.

pinkflower

sr. member

Activity: 868

Merit: 259

Quote from: Yefet on April 17, 2018, 09:01:20 AM

Quote from: pinkflower on April 16, 2018, 10:06:24 PM

I know. I am the biggest supporter of Burst in the forum. Although rico666 and the rest in /r/burstcoin doubts it because I ask all the hard questions.

But on masternodes, I was only saying that it would be better if the owners of the nodes have their identities published to try to keep it away from a 51% attack.

I know this. I was only making another discussion and argument because of Mr_Burst's idiotic comment.

On the idea of masternodes, holders or a group of holders owning 51% of them can attack the cryptocurrency or control it. Look for a coin with masternodes implemented and see if it has a premine or instamine. I can already think of one lol.

Yefet

hero member

Activity: 643

Merit: 501

Crypto Mentat

Quote from: pinkflower on April 16, 2018, 10:06:24 PM

I know. I am the biggest supporter of Burst in the forum. Although rico666 and the rest in /r/burstcoin doubts it because I ask all the hard questions.

But on masternodes, I was only saying that it would be better if the owners of the nodes have their identities published to try to keep it away from a 51% attack.

- There're no masternodes in BURST network and there won't be any in the foreseen future

- BURST is a mineable coin, so only miners can launch 50+% attack.

- strict KYC rules would make the blockchain even more centralised as you should establish an authorization centre to check and verify the data.
Without such an authority all that KYC would have no sense at all, as it's easily circumvented by the users.

cesmak

legendary

Activity: 1057

Merit: 1009

Why Masternode ? This coin is so wide mined with a lot of users, the technology behind this is ok, i really don't see a benefit to have in this coin masternodes that, at the end, lead to centralization.

pinkflower

sr. member

Activity: 868

Merit: 259

Quote from: Yefet on April 15, 2018, 08:44:22 AM

Quote from: pinkflower on April 14, 2018, 10:19:43 PM

Quote from: Yefet on April 13, 2018, 11:32:06 AM

No idea what was meant by the proposer

but the ideas from the masternode world, that could be considered are:

- additional rewards for the nodes-tangle initiators
- budget system, but with the miners voting

all those would be paid from the miners rewards, like it's done in the masternode networks

I would be open to that idea only if the master node owners are open to revealing their identities in public. The master node system can be attacked by a user or a group of users by running multiple nodes themselves and controlling more than 50% of them.

Another take on this is to have master node witnesses voted by the community.

Dymaxion is another take on scaling and doesn't need real masternodes for that.
Talking about tangle initiators, I see no points in voting for them (in Bitcoin network nobody votes for the LN nodes Wink

)
they're not block-signers - so they don't endanger the BURST blockchain.

I know. I am the biggest supporter of Burst in the forum. Although rico666 and the rest in /r/burstcoin doubts it because I ask all the hard questions.

But on masternodes, I was only saying that it would be better if the owners of the nodes have their identities published to try to keep it away from a 51% attack.

Yefet

hero member

Activity: 643

Merit: 501

Crypto Mentat

Quote from: pinkflower on April 14, 2018, 10:19:43 PM

Quote from: Yefet on April 13, 2018, 11:32:06 AM

No idea what was meant by the proposer

but the ideas from the masternode world, that could be considered are:

- additional rewards for the nodes-tangle initiators
- budget system, but with the miners voting

all those would be paid from the miners rewards, like it's done in the masternode networks

I would be open to that idea only if the master node owners are open to revealing their identities in public. The master node system can be attacked by a user or a group of users by running multiple nodes themselves and controlling more than 50% of them.

Another take on this is to have master node witnesses voted by the community.

Dymaxion is another take on scaling and doesn't need real masternodes for that.
Talking about tangle initiators, I see no points in voting for them (in Bitcoin network nobody votes for the LN nodes Wink

)
they're not block-signers - so they don't endanger the BURST blockchain.

pinkflower

sr. member

Activity: 868

Merit: 259

Quote from: Yefet on April 13, 2018, 11:32:06 AM

Quote from: unsoindovo on April 13, 2018, 06:20:25 AM

Quote from: Mr_Burst on April 13, 2018, 02:30:14 AM

Guys! We need system like masternodes with rewards!

hi Mr_Burst .
can you explain better?
what do you mean with "We need system like masternodes with rewards!"
more reward for miners or introduce a POS reward?

thank you

No idea what was meant by the proposer

but the ideas from the masternode world, that could be considered are:

- additional rewards for the nodes-tangle initiators
- budget system, but with the miners voting

all those would be paid from the miners rewards, like it's done in the masternode networks

I would be open to that idea only if the master node owners are open to revealing their identities in public. The master node system can be attacked by a user or a group of users by running multiple nodes themselves and controlling more than 50% of them.

Another take on this is to have master node witnesses voted by the community.

davidcrumble2

newbie

Activity: 54

Merit: 0

I think the community should put some work too in reviewing and helping to spread the word

Yefet

hero member

Activity: 643

Merit: 501

Crypto Mentat

Quote from: unsoindovo on April 13, 2018, 06:20:25 AM

Quote from: Mr_Burst on April 13, 2018, 02:30:14 AM

Guys! We need system like masternodes with rewards!

hi Mr_Burst .
can you explain better?
what do you mean with "We need system like masternodes with rewards!"
more reward for miners or introduce a POS reward?

thank you

No idea what was meant by the proposer

but the ideas from the masternode world, that could be considered are:

- additional rewards for the nodes-tangle initiators
- budget system, but with the miners voting

all those would be paid from the miners rewards, like it's done in the masternode networks

unsoindovo

legendary

Activity: 1932

Merit: 1042

https://locktrip.com/?refId=40964

Quote from: Mr_Burst on April 13, 2018, 02:30:14 AM

Guys! We need system like masternodes with rewards!

hi Mr_Burst .
can you explain better?
what do you mean with "We need system like masternodes with rewards!"
more reward for miners or introduce a POS reward?

thank you

Mr_Burst

full member

Activity: 322

Merit: 100

Guys! We need system like masternodes with rewards!

milkpeace67

newbie

Activity: 84

Merit: 0

exactly when your project start? I'm extremely care for it

rico666

legendary

Activity: 1120

Merit: 1037

฿ → ∞

Quote from: pinkflower on April 05, 2018, 09:44:47 PM

Hi rico666, I read this blog from Microsoft about investing 5 billion on IoT.

Microsoft will invest $5 billion in IoT. Here’s why.

Would Burst's the Dymaxion be an ideal fit for what they are attempting to do, and does it align with the PoCC's vision? Ty.

Thanks for pointing me to that article.

As I understand it, Microsoft is investing into the classic "interoperability" aspect. Bath fixtures will report water usage to your Excel spreadsheet.

The IoT aspect The Burst Dymaxion has at this moment is sort of similar to IOTA on IoT microtransactions/bargaining/negotiations of IoT devices.
The robotic vacuum cleaner making a micropayment to the drone which will carry it one floor up - or to the next building, because it made the lower bid on cleaning compared to other cleaners...

I don't think Microsofts vision goes that far, but maybe I'm mistaken or the blog - which is written in a quite generic way - is intentionally kept on a somewhat superficial level to address a broader audience.

The article mentions that these investitions will occur within the next 4 years, so 2018-2022, I think there is plenty of opportunities for Microsoft engineers to grab a copy of a light weight Dymaxion Layer daemon implementation in late 2018 and experiment with it to their liking.

pinkflower

sr. member

Activity: 868

Merit: 259

Hi rico666, I read this blog from Microsoft about investing 5 billion on IoT.

Microsoft will invest $5 billion in IoT. Here’s why.

Would Burst's the Dymaxion be an ideal fit for what they are attempting to do, and does it align with the PoCC's vision? Ty.

Bombardier

sr. member

Activity: 588

Merit: 264

Quote from: unsoindovo on March 16, 2018, 08:36:56 AM

Quote from: Bombardier on March 15, 2018, 04:52:23 PM

Quote from: unsoindovo on March 15, 2018, 04:49:32 PM

Quote from: Mr_Burst on March 07, 2018, 09:24:30 AM

Guys! When will hardfork? Huh

I have thousands of burst from the beginning.
How to proceed with the fork? Any tutorial?
If it will be an hard fork, we will have burst classic and burst as new burst coin right?

it won't be an hard fork. your bursts are safe.

hum.. sorry but i not agree with you:

reading from https://www.burstcoin.ist/2018/03/15/the-poc-consortium-releases-core-wallet-v2-0-0/

Code:

This software is a junction point. It is the last major version of the “old Burst”, the next major version – BRS 2.2.0 – will introduce a hard fork with several feature upgrades (PoC2, Tx capacity). When BRS 2.2.0 is going to be released (this will take shorter than 2.0.0 was in the making), then even this BRS 2.0.0 will be outdated. Which is the reason why the network must move onward: this wallet does not talk directly to old 1.2.X wallets anymore. Please, if you happen to run such an archaic wallet, do update. For now, the 1.3.6cg wallets are the last lifeline for 1.2.X wallets.

Make sure you learn how to update and be not afraid of it. Wallets are only tools to access your funds. Keep your secret keys safe (on paper) and no update hassle can endanger your coins: the blockchain is immutable.

Quite some updates are ahead. The upcoming BRS 2.2.X (first hard fork – on-chain upgrades) and BRS 2.4.X (second hard fork – Dymaxion prototypes) will be mandatory due to their nature. Stay informed!

not one, but two hard fork are on the way.
so i'm searching to understand how to proceed when it will happen

20( Will I get coins on the fork(s) and where will they be?
There will be no new coin, and no new coins to be given/air dropped etc, the forks are upgrades to burst and there will not be a ‘classic’ or ‘new’ burst.

https://www.reddit.com/r/burstcoin/comments/82nh31/mega_faq_or_please_come_here_for_your_questions/

unsoindovo

legendary

Activity: 1932

Merit: 1042

https://locktrip.com/?refId=40964

Quote from: Bombardier on March 15, 2018, 04:52:23 PM

Quote from: unsoindovo on March 15, 2018, 04:49:32 PM

Quote from: Mr_Burst on March 07, 2018, 09:24:30 AM

Guys! When will hardfork? Huh

I have thousands of burst from the beginning.
How to proceed with the fork? Any tutorial?
If it will be an hard fork, we will have burst classic and burst as new burst coin right?

it won't be an hard fork. your bursts are safe.

hum.. sorry but i not agree with you:

reading from https://www.burstcoin.ist/2018/03/15/the-poc-consortium-releases-core-wallet-v2-0-0/

Code:

This software is a junction point. It is the last major version of the “old Burst”, the next major version – BRS 2.2.0 – will introduce a hard fork with several feature upgrades (PoC2, Tx capacity). When BRS 2.2.0 is going to be released (this will take shorter than 2.0.0 was in the making), then even this BRS 2.0.0 will be outdated. Which is the reason why the network must move onward: this wallet does not talk directly to old 1.2.X wallets anymore. Please, if you happen to run such an archaic wallet, do update. For now, the 1.3.6cg wallets are the last lifeline for 1.2.X wallets.

Make sure you learn how to update and be not afraid of it. Wallets are only tools to access your funds. Keep your secret keys safe (on paper) and no update hassle can endanger your coins: the blockchain is immutable.

Quite some updates are ahead. The upcoming BRS 2.2.X (first hard fork – on-chain upgrades) and BRS 2.4.X (second hard fork – Dymaxion prototypes) will be mandatory due to their nature. Stay informed!

not one, but two hard fork are on the way.
so i'm searching to understand how to proceed when it will happen

Bombardier

sr. member

Activity: 588

Merit: 264

Quote from: unsoindovo on March 15, 2018, 04:49:32 PM

Quote from: Mr_Burst on March 07, 2018, 09:24:30 AM

Guys! When will hardfork? Huh

I have thousands of burst from the beginning.
How to proceed with the fork? Any tutorial?
If it will be an hard fork, we will have burst classic and burst as new burst coin right?

it won't be an hard fork. your bursts are safe.

unsoindovo

legendary

Activity: 1932

Merit: 1042

https://locktrip.com/?refId=40964

Quote from: Mr_Burst on March 07, 2018, 09:24:30 AM

Guys! When will hardfork? Huh

I have thousands of burst from the beginning.
How to proceed with the fork? Any tutorial?
If it will be an hard fork, we will have burst classic and burst as new burst coin right?

Mr_Burst

full member

Activity: 322

Merit: 100

Guys! When will hardfork? Huh

RedRockMining

member

Activity: 127

Merit: 10

Quote from: unsoindovo on December 31, 2017, 05:23:47 PM

I have read all the WP. I Will love poc3 to let burst compete with sia and stoj. But there are any road map with dates?

This is what I'm really interested in seeing Burst achieving. The trifecta of POC, Tangle and file storage is quite a goal, but at least in my mind seems like it should be feasible. I hope it succeeds.

Best of luck. I will be following this project closely.

pinkflower

sr. member

Activity: 868

Merit: 259

Try using Linode. I havent tried it myself but the price is very cheap. I saw someone recommending it on /r/burstcoin and he says its good enough for the price offered, but he also said getting a 2GB of ram plan for $10 a month is the better deal than 1GB for $5.

Topic: Announcing the PoC Consortium Stage 2: The Burst Dymaxion - page 2. (Read 1572 times)