Storage aspect is only one part of BURST...
That's is the reason why I think Burst will fail going forward, once I see a Altcoins that want to be everything, I know something is wrong somewhere. Storj team knows what they want and are pursuing that goal and have just secured $3million investment, can Burst team market their project to VCs and be able to secure that kind of funding
what are the other aspect of Burst project
BURST doesn't try to be everything to everyone ...quite the contrary. Right now the most buzz with BURST is the HDD green mining and investing in its own Asset Exchange. The storage aspect is down the road I believe.
The community seems to be growing wildly. It is a coin of the people...it was not premined, no ICO... while maybe some VC money comes in, it is growing through grass roots efforts.
While I agree with you upon many aspects you mentioned but I don't think that only decentralized asset exchange can help project to survive the harsh competition. I also do not like to compare Storj and Burst as there are 2 different teams and different goals. Storj received funding via Bnktothefuture (if I'm right). It is very serious project with real use value. Burst is good because you earn by trading or holding assets on decentralized exchange. However, after careful study of it, I do not see a lot of potential of it. For now, Burst is an opportunity to make more Bitcoins by exchanging Burst coins to BTC. This could change if people will keep their coins and not sell. I mean that Burst should have value itself.
Good comments. I agree the Asset Exchange isn't the end all be all. But it also is one aspect to BURST. I think most people are initially drawn by the HDD mining. And it's not that unique but I think more efforts are going toward a BURST marketplace to buy and sell in BURST.
I guess we will disagree on BURST's potential. I don't think you're factoring in the community and how fast it's growing. A new site just opened 3 - 4 weeks ago (burst nation) and they will already have a few thousand unique members soon. If you look at wallets being opened ...Dec, Jan, Feb one year ago less than 900 BURST wallets were opened. The same time frame a year later...12,000+ wallets have been opened. In fact Feb 2017 will see an all time high in wallets opened for a month. And I have some other simple "analytics" that show the community is really growing.
Does this guarantee the price will skyrocket? No, there are never guarantees. And you're right people have to buy and hold more. But to me in order to find a hidden crypto gem it doesn't have to be that complicated, laws of supply and demand will prevail. To me BURST has that hidden gem potential, just my opinion.