Bitcoin Forum

Only 138 days ago, we announced the PoC Consortium Stage 1: BURST
In this we said

"We came to lead BURST to its rightful place among other
cryptocurrencies"

Today, we can speak openly about where we think that place is.

We started the process by which BURST will inherit the best traits and
technologies of the most promising cryptocurrencies. The combination
of these technologies will result in significant synergistic
gains - the whole being more than the sum of its parts.

https://i.imgur.com/emOuZPK.png

The Burst Dymaxion is an arbitrary scalable, energy efficient and
anonymous transaction network based on colored tangles.
It consists of Dymaxion layers - basically tangle-based lightning
networks - that are above the Burst blockchain which is used for
bookkeeping the opening and closing of these layers.

Read the white paper here: http://package.cryptoguru.org/asset/The-Burst-Dymaxion-1.00.pdf

We therefore present nothing short of an energy-efficient
cryptocurrency that is able to sustain the total global load of
non-cash transactions.

We chose to implement the Dymaxion on the Burstcoin network for
several reasons. First and foremost, we believe that its
Proof-of-Capacity (PoC) consensus algorithm is currently the best
answer to the energy consumption problems of Proof-of-Work and to the
centralization and fairness issues of Proof-of-Stake. Burst also
implements data scrubbing to reduce blockchain bloat. Moreover, Burst
has smart contracts and is able to make Atomic Cross-Chain
Transactions. The coin has more than three years of heritage and a
community to bootstrap with, yet it is small enough to allow for
significant improvements without a long and paralyzing scaling debate.

In the past months, we worked hard to prepare the Burst wallet for
this herculean task. We were given the baton of responsibility for
core wallet development by the former development group, burst-team.

We are honored by this sign of trust and invite everyone to join the
Burst community on its way to the very top. Because for an
energy-efficient cryptocurrency with truly global scalability, there
is no other place to be.


The PoC Consortium (aka PoCC)

This looks huge, I hope all the plans get implemented soon and BURST gets really popular as it should.

"The claim is to provide a cryptocurrency capable of sustaining the total global load of non-cash transactions"

Wow, this is a great announcement.
I think the implementation of PoC2, later PoC3, Dymaxion, and all the proposals and CIPs will push Burst to one of the top crypto ranks.

"
The Burst Dymaxion is not only the most significant update to
the Burst cryptocurrency, it is the biggest technological update
any cryptocurrency has ever received.
"

Fully agree on that!

Way to go guys!!.. This is huge... Keep up the good work...

At the moment, one of the dynamically developing coins. In time, unfortunately did not consider. I did not like the name of the coin. But in vain. Not all gold that glitters.

I have read your useful dymaxion paper, that sounds good.

It sounds interesting. can you provide social media for us to keep up with each of your updates? good luck with project development.

Huge announcement. So excited about the future of Burst. This is going to be huge when the average crypto investor learn about it.

Great job dev's. Keep working hard to reach the top!

I have a pretty wide portfolio but Burst is my favorite project. Dymaxion went above my expectations.

Thanks and good luck.

This coin took a worthy place among other coins. Unfortunately, has risen in price. I earned a little on it and sold it too soon.

The reaction of the market is mind boggling. Still outside top 100 in Coinmarketcap, despite a massive vision and apparently means to implement it as well. Sure, it'll take some time, but considering the market... the valuation should easily be 5x. Choosing to hodl.

Thanks and good luck.

Those who are currently mining burst will have to replot hdds?

Thanks for that statement. I was starting to think that the paper was a joke when I read the "total asshole" institute was in there lol.

I understand that you were trying to make it look ironic but there are many followers on /r/burstcoin who did not take the joke lightly. They are making a big deal of how it makes Burst look bad.

With that said, I think its good. The whitepaper means nothing but hopefully the work done on the code will be great.

good question  ???

maybe someone can tell us. if everything should be replotted, well, we are kind of fuckd...

Just read. The info is there.

Everyone who is unable or unwilling to read information already present, will not get his individual special treatment by the PoCC.

We have more important things to do. Like e.g. integrating (not implementing) the whole thing.

It's in the white paper Page 18

http://package.cryptoguru.org/asset/The-Burst-Dymaxion-1.00.pdf (http://package.cryptoguru.org/asset/The-Burst-Dymaxion-1.00.pdf)


"Software used for the mining process can operate on both
PoC1 as well as PoC2 format, where PoC1 requires twice the
reads compared to PoC2 and works on both optimized as well
as unoptimized PoC1 plots.
For better PoC2 performance a PoC1 → PoC2 converter
will be offered."

thanks for your time stronzo.
have a nice day!

Rico666 if you would be more tranquil against agressive questions then community will be strong i think. Anyway if you will work hard and community which exists will be grow. Do you think to find PR-manager or something like human who will be keep contact with community?

Hi rico666. I saw an interview with Ricciardo Spagni posted on /r/burstcoin and I was wondering if the Dymaxion will make asset issuance in the Burst platform be then made on the 2nd layer. Thats the better way on paper if you ask me, as it will make the base layer pure and untouched and not necessarily filled with spam and scam tokens. What do you think?

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?

How can we promote? Is there anything we can put in signature to help spreading the word?

https://www.burstcoin.ist/2018/01/03/the-burst-core-roadmap-for-2018/


Mention it on forums, social media, your friends, educate crypto community about Burst technology and potential is a good start!

https://www.reddit.com/r/burstcoin/comments/7od4co/burst_on_the_go_new_android_wallet_version_020/

Putting dates will be irrelevant as of now and at best it will be only guesses. The more important goal for Burst users for now would be to have 90% of all nodes to be running Burst software version 1.3.6cg.

Maybe by then a more clearer schedule for releases can be made.

Rico666, this might be something you need to look into. I didnt know that ZK-snarks required a trusted set up in the beginning in order to operate. How would that work in the Dymaxion?

Anyhow ZK-starks is a more secure and lighter version.

White Paper Published for Blockchain Privacy Tech Zk-starks (https://www.coindesk.com/white-paper-trustless-privacy-tech-zk-starks-published/).

Putting dates will be irrelevant as of now and at best it will be only guesses. The more important goal for Burst users for now would be to have 90% of all nodes to be running Burst software version 1.3.6cg.

Maybe by then a more clearer schedule for releases can be made.
[/quote]

I have created a Node from the instructions provided.  I get about 20 messages a day from AWS regarding the status of the node changing.  My internet is not sporadic at all.  Is this normal?
Can I create a second Node at my workplace as long as the company gives me permission?

Try using Linode (https://www.linode.com/pricing). 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.

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.

Guys! When will hardfork?  ???

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

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/

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

Microsoft will invest $5 billion in IoT. Here’s why. (https://blogs.microsoft.com/iot/2018/04/04/microsoft-will-invest-5-billion-in-iot-heres-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.

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

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

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  ;) )
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.

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.

- 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.

I know this. I was only making another discussion and argument because of Mr_Burst's idiotic comment (https://bitcointalk.org/index.php?topic=2653474.msg34590106#msg34590106).

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.

When will MasterNodes be? I'm waiting for MasterNodes!!

 8) 8) 8)

stop trolling

Hi rico666, I have another question that begs an answer.

Some people in the community are maybe under the impression that the PoCC has contacted the exchanges about Burst's pending hard fork. If you already did, then did the exchanges express support for the hard fork and will we be expecting an announcement from them soon? Just double checking lol.

With that said, I saw Bittrex's announcements and support on Syscoin's blockchain 3.0 hard fork and Tron's mainnet launch coin conversion. I am assuming that they will do an announcement about Burst if they support the hard fork.

All relevant exchanges (Polo, Bittrex/Upbit and others) will support the "hard fork".
Which technically is a hard fork, but practically an upgrade. As others already mentioned, there will be no 2 new coins.

This "Pre-Dymaxion HF" will boost Tx capacity quite significantly (4-40 times depending on Tx types)
without putting more strain on blockchain space.

E.g. a 40-fold Tx-increase will put only a 3-fold increase on block size (~178KB versus ~49KB)
178KB for 9600 transactions is pretty nice IMHO.

-> https://www.burstcoin.ist/2018/04/30/weekly-burst-report-34/

World Domination. Fast.

That is all we needed to know. I am also making sure that the greater altcoin community is aware of Burst's development. I make sure that I post all the weekly updates in my thread.

https://bitcointalk.org/index.php?topic=2231841.0

Ty to you and the PoCC, Burst is still alive and its having a brighter future.

Rico, what is your opinion on this blog by Siacoin's lead developer? Do you think it is possible that some solo miners in Burst are exploiting the time memory trade off "attack" by using ASIC miners on Burst?

The State of Cryptocurrency Mining (https://blog.sia.tech/the-state-of-cryptocurrency-mining-538004a37f9b?gi=56d730090fff)

Maybe if after the hard fork to PoC2, we see a significant reduction in total mining capacity, it would be proof that Burst was exploited, no?

We analyzed the won blocks in the high scoop range for any suspicious patterns like being won by certain individuals and have found nothing.
If someone is using PoW to time-memory trade, he's either hiding it very well or not existing.

I don't think anybody is using SHABAL ASICs for that, as the $1M upfront cost (minimum and only in case all went well very fast and on the 1st try) seems not economically viable given the current Burst MktCap.

Good! I brought it up because I know someone who is as paranoid as me will sooner or later. But its nothing PoC2 cannot fix.

Having that said, maybe the next order of business is mitigating the possible grinding attacks on Proof of Capacity, or is that not a capable attack on Burst?

Ty for taking some time to reply to your fans lol.

This looks huge, I hope all the plans get implemented soon and BURST gets really popular as it should.

rico666, can you answer this question (https://bitcointalk.org/index.php?topic=1541310.msg39248962#msg39248962)? Ty.

I find it hard to understand that mining with hard drives would be unprofitable just because there are lots of unused space. What the Chia FAQ didnt explore is that miners will only mine for a profit and mining farms is a natural result of this.

I made my registration and I liked the platform , it seems very friendly and intuitive navigation. I will be following the next steps of the project

 8) 8) 8)

Grinding attacks is not possible on burst. This is because a wallet can rollback maximum of 1440 blocks and it must match current chain.

Hi rico666. Can you ask the moderators in /r/burstcoin to relax? Why are they censoring people in the community who only wants to help the project.

The owner of http://www.rollburst.com/ wants to show the site to everyone on /r/burstcoin but the thread was deleted. How can the coin grow if they continue to act like that? Isnt Burst supposed to be open for everyone?

rico666, Is Burst really ready and as good as the other top 20 coin out there as you said in the past? The blockchain fork that took place and stopped the nodes from syncing is an indication that its not. How embarassing is this for the community?

If there was an exchange deciding to list Burst then yesterday's embarassing fork might make them think twice about the readiness of the Burst project.

https://www.burstcoin.ist/2018/08/11/one-year-of-poc-consortium/

And 4 years of Burst. Happy Burstday!

There are many embarrassing things out there. Among them statements like yours.

I never said Burst being "as good as the other top20 coin out there" (what nonsensical formulation is this anyway?)

There was no blockchain fork on July 21st or any other date. We had a textbook hard fork (upgrade) June 10th/16th, but that was it.

If you are referring to the events where BRS 2.2.1 nodes kept blacklisting their peers (which BTW didn't cause a fork), then the reasons/fixes are mentioned in the release notes of BRS 2.2.2
https://github.com/PoC-Consortium/burstcoin/releases/tag/2.2.2

If anything, it shows the development team behind Burst can quickly solve problems that have been dormant since Bursts' 4-year existence. If you consider that embarrassing, you should consult a shrink.

But the PoCC released statements in the past that said they would take Burst among the best cryptocurrencies. That would be among the top 20 or top 10 of all cryptocurrencies, wouldnt you agree?

You also opened a provocative thread about how long would it take for Burst to reach $1.00. Many would assume that it wont be that long if they see that thread.

Burst to $1 when? (https://bitcointalk.org/index.php?topic=1979432.0)


For asking the challenging questions and trying to help make a $1.00 Burst a reality, I am an embarassment?

Having that said, are there more unfound bugs that would cause the nodes not sync?

rico666, there was a hard fork in the Burst blockchain. It was the PoCC nodes and pools that were blacklisted from the main chain because Burst's implementation to fix a bug before that was to blacklist nodes even if they are acting in good faith.

Should all nodes upgrade to BRS 2.2.2 to avoid the risk of forking again? Ty.

For those people looking for the current Burst thread here in Bitcointalk, please head over here:

https://bitcointalk.org/index.php?topic=1541310