Prepare to be quoted for future reference.
Almost "Year 1" and we are still so far from the target. But Burst is better than its condition one year ago. Ty rico666 and the PoCC. I hope the next time I quote this Burst will be trading by more that $1.
It is interesting that we don't see some more coins with Proof of Capacity algo. I mean, is there even one more besides BURST?
I am not trying to bash it but can someone explain to me what is the point of burst? and why should I buy it?
the fact that you can mine it with HDD instead of cpu or gpu is cool but that's all it is and I don't think cool is enough,
I don't see anything that the coin itself have to provide!
Being a "Bitcoin Early Adopter and Proponent" myself, I'm actually getting more and more convinced that PoW "isn't it". You cannot have a crypto of global relevance whose supply is controlled by energy cost and whose only competitive parameters are energy-bound (i.e. how much energy you have at your fingertips and it's price, how efficiently you can turn it into hashes).
Proof of Stake doesn't convince me, because that - in fact - is a stakeholder party: You have some - you get some. You have nothing - you get nothing.
In PoS-based cryptocurrencies the creator of the next block is chosen in a deterministic way, and the chance that an account is chosen depends on its wealth.
Energy-wise, PoC is reasonable and not a plutocracy/oligarchy vehicle such as PoS. BURST - much alike Bitcoin - is the first mover here.
Sure, it has it's problems and faults and other things I don't like. Like shitty software (I actually believe the software devs for BURST are plagued by autism so "shitty" definition here means brilliant on the conceptual level, abysmal shitty on the robustness, security and user experience level). It's can be considered effectively "pre-mined", because it's distribution really favored early adopters way beyond reasonable bounds.
Still, BURST today - while going into it's 3rd year - has nothing to be ashamed of if you compare it with a 3-year old Bitcoin.
I'm not sure PoC is the answer to bitcoin PoW monopolized by chinese farms with cheap energy. I mean if BURST would become more popular and valuable, we would instantly see huge HDD farms, with PetaBytes of capacity, mining it.
it is impossible to me while there are better competitors, it can be $0.1 again only with a hype.
