I will start working on mixer AT which will provide a "layer of anonymity" after the ACCT takes place between BURST and QORA.
Qora with AT inside will be enabled at block 99000, which will be probably in 2-4 days.
there goes my million. hopefully  you guys can still throw in a bunch of coins to the bounty, it's a nice feature |
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vbcs, how much BURST is needed for making this interesting after the first ACCT is done? Would be great if you made a CF out of this, as CIYAM suggest.
I would at least commit 500K to the cause, making the "bounty" 2,615,000.
I will commit my 1M to the CF... lol I'm not even sure how the CF works  But if you guys start it I will chip in. Personally, I would be interested in coding it for 10M burst. BUT, I'm not exactly trying to make 10M burst out of this. So don't start with accusations here. If somebody else wants to take the project, I'm all too happy to pay the bounty. I am very busy with some projects of my own. But I feel that paying 1M for the anonymity feature, pays off by itself, this will undoubtedly increase the coin value, and I will make a good profit on the coins I still hold. All I'm saying is that if nobody else starts working on it before 10M is reached I could step in, that's on the table. But like I said, based on what CIYAM said on his thread, burst isn't specifically designed for anonymity, this would be more of a hack. Nevertheless it can be done. |
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I realize that I am opening up my ideas to everyone, but the point of developing a cryptocurrency is not to get rich. That's why we have mining and the developer is usually just one of the first to start. What do you think about these possible BURST altcoins? Keep the discussion in the Burst forum because it does not belong on this BitcoinTalk thread. This post is only here because there are only a few that regularly visit the Burst forum and I will delete this post if someone on the Burst development team asks me. https://burstforum.com/index.php?threads/potential-burst-altcoins.806/I prefer bitcointalk, they have proven to be a very open forum. @bitladen, you were saying that Burst will fail because it isn't distributed well enough. The way I see it, it's far better distributed than BTC was at our size.
But by the same token, a coin(or company) is much more likely to succeed if you've got some people who are very well invested into it and have to work hard to make sure that they make money on the money they've invested.
A coin is not a company, not an open source p2p coin at least. The economics of such project are different. If you wanted to make a proprietary coin you could have done so from the beginning like ripple or nxt. You chose the free, open source path (having taken the nxt codebase yourself), now everybody has the source, in an attempt of centralizing the coin, no doubt the net will get forked. If you hold many burst, you could think that it's a good thing only a few people have them. But, it scares off investors, anyone buying the coin has to essentially trust the big holders. I personally don't. If anyone should hold big amounts of coin, and have my support, it would be the developers. I trust them more because they put a lot of work into making this, so they wouldn't destroy it so easily. But then again this is a free project, therefore nobody owns it. I see many claims on the thread recently. Like the patenting idea. This current dump is just bears getting off board, we'll be just fine in the long run and as you mentioned, it's great that we have an opportunity for new people who understand why POC is a big deal to come rushing in and be able to buy more.
I agree! That's what I've been saying all along. Don't hold all the coin to yourself, dump some, let traders in. We need traders if we are to sell our coins. Having a monopoly over the coin doesn't work, it make the situation similar to a pre-mine coin. |
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Disclosing the content of any private message without getting permission to do so is something that I consider to be rather "poor behaviour" but if you are going to do so it should be at least accurate.
So let me state publicly that we have already worked out a variation of the ACCT that would be helpful in making it very hard to track funds being transferred between blockchains assuming enough such transfers (of the same amounts) were taking place. The method was outlined on this forum in a topic that I ended up locking due to it being spammed.
To be clear there is simply no point though in us (the CIYAM AT team) focusing on that until the initial ACCT has been published and we have had sufficient feedback to make it as "user friendly" as we can.
If @vbcs is interested in taking up the offer then perhaps create a CF AT for funding the creation of this special ACCT variation and I would perhaps also suggest that a "mixer" AT could be developed as well (that is designed just for moving fixed amounts between different accounts on the one blockchain).
hey, sorry, it didn't feel anything confidential, what I meant to do was to clarify that you didn't say you will do it yourself, just that it could be done, so that people don't get the wrong idea. because the way I put it one could understand that you would be involved. I only mentioned you since you came up with the idea, but maybe not everyone here knew why |
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1,000,000 from me Fuck it, I'm interested a bit just to see if this can be done neatly. I'll throw 150k at it too.
+500,000 burst from me....
I will add +500,000 too.
2,150,000 within 4 hours. WOW. Maybe this will happen! Hell, if it reaches 10M I'm interested in coding it myself if y'all don't mind CIYAM sent me a message, he's like he coded AT, and is unhappy that nobody is using it. He is still the best candidate for the job, if he wants to take it. maybe at 10M he will change his mind |
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Please, don't preach your justification at me. The fact that the coin wouldn't be worth anything if there was 3PB of hash power here. You showed up after the coin actually ended up worth something and despite dumping a lot of money into it, you only hold 10% of the network hash. You're doing more damage by dumping your mined coins then you're doing if this coin had low hash power, because you wouldn't actually mine it as it wouldn't be worth anything.
Since you're such a genius, you tell me if I mined 13m and still have 9m, how much did I dump? The interface is pretty nice. And if you can't install java, take computer lessons, asshole PS: Speaking of bounties, how much do you charge to get the fuck out of here, you're an idiot. BTW, I don't insult *everyone*, just you and a few other idiots. |
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I think it's kinda backwards to implement anonymity with BURST, but CIYAM said it can be done with AT.
I offer a bounty: 1,000,000 BURST to anyone who implements anonymous transactions in BURST, and makes a simple enough interface for the average user.
Sure 1m burst is not all that much, and being a programmer myself, I understand that this won't be enough reward for the work, however I only hold 1% of the coins, other holders could join in, so we can make a big bounty.
Anonymity will give value to the coin, it would be a good reason to buy it and sell it, other than the usual pump and dump gamble. If you hold BURST, join me, let's pay CIYAM to do it
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Burst is really cheap right now, why would you make your own coin instead of taking that time and energy and improving on Burst?
Because with the deflation rate in burst, it will die out anyway. As things are, there are big holders who mined many millions for cheap in the beginning. They can't dump all at once, there are not enough buy orders, they will even hold for a while, until the situation becomes hopeless, and then it will die, just like any other altcoin. Plus that I'm only interested in the PoC, I prefer the cryptonote platform. Sure all that assets and stuff sound good, but let's face it BTC had success because of drug trading. Anonymity is needed in the cryptoworld. The very name crypto implies anonimity. |
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Erm... It's not just about selling, it's about buying too. Burst doesn't have enough demand to support everyone selling. If all the holders sold, the coin would crash. That's why it was so profitable for so long to mine, because a lot of people were holding. There is a LOT of Burst in circulation right now being held by people.
The coin price right now is what happens when the holders start selling. There isn't enough buyers. Selling and buying will just encourage more dumping unless you're buying more then you're selling.
Yes, people may leave the coin for another if there is more then one PoC coin. That's what happens when there are choices. It doesn't mean the coin is any less dead if another doesn't exist, it just means the technology has more then one home and wont die out with one coin (if the coin dies). Right now all the eggs are in one basket. Every major algo has more then one coin associated with it EXCEPT PoC.
Mining for the sake of 'security' is a self serving excuse. The coin would be fine without massive hash power much as it was before it had it. Also this is different from what you said a month ago when you were saying you hold all your coins and don't sell any. Perhaps the reason the market is crashing right now is because of you as I predicted a month ago? Burst was being propped up by a bunch of miners holding hands and not selling. You get one big miner who decides to start dumping and the coin goes with it. Good job bro.
You are a complete imbecile, and have no clue about cryptocoins. If the coin right now had 3PB what would stop me from 51% attacking it? Certainly not the high profits I would make otherwise. The miners need to get paid. With no miners the coin is nowhere near fine, it's not even a coin, it's a fairy tale. Ok burst still has miners, but that's mainly because there is no other PoC out there yet. I still hold 9 million. You are making more and more retarded claims. The market is crashing because of me? WOW. Where did that come from? And you say the market is crashing NOW? Oh no, it's starting to be alive just now, it was dead for the past 2 months because of idiots holding to the coin, dreaming to become millionaires in 2020. They can afford to hold it though, they mined it for cheap. I will launch soon a new PoC coin with a fair block reward scheme. But now with the recent volume on the market looks like there may still be hope for burst. Obviously, it is in my best interest that it rises. And there are not enough buyers because there are not enough sellers. Nobody puts their money in a coin with 2 btc volume. Dump more coins and traders will join the party. Holding the coin does not make the price rise. Last 2 months illustrate this perfectly. Why would anybody buy burst? Or dogecoin, or *coin. Simple! to sell it for more, there's no other good reason. So in fact if you dump coins to traders, they have to do something about it, to sell it for more. That's the idea. |
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Here's a topic to spark conversation:
Should Proof of Capacity be patented?
Burstdev seems to not be in favor of it.. so maybe it's a non-issue but I want to hear your thoughts.
I would patent it and for the sake of retaining decentralization, whoever owns the patent(I'm thinking an LLC we'd set-up), would create another legally binding document that says that Burst always has rights to use POC. So the patent can't later be sold and be used by a patent troll against Burst.
HAHAHAHAHAHAHA, what are you smoking? In the mean time, I'll patent the wheel. Besides, how would you enforce such a thing? It's the internets here. Nobody cares about patents. And even if they do, just make a different PoC algorithm, big deal ...not to mention that you wouldn't have my support. |
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finally some decent volume on the market. this may turn out well
Do you have all your Burst on Poloniex ? Holding more back would help build confidence. Nah, I have like 25% on Bittrex I think I can trust them with 9 mil burst, better to be in the market than locked in the wallet Why is it that everybody thinks that holding the coin is such a good thing? All coin should be traded. I made a lot of buys and sells on poloniex over the last months. In fact that's why the price drops, if nobody makes trades, you are all bagholders. Everybody just trade some of your coins, 10% 20% of them, it's good that we see volume, let's make some more. |
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finally some decent volume on the market. this may turn out well
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My 2 bursts:
Yes, features boost trading, but still we have to trade it in order to have something to boost.
So don't hold all, trade some. And most importantly after you sell, place buy orders. This puts pressure on the traders, they can no longer wait for the price to drop.
poloniex and bittrex are great assets this coin has. sadly we are not using them right.
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Yea I wonder, why is there no decentralized exchange for BURST at least? BURST supports this |
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i hope no, because i'm holding / mining burst from the beginning,
but...
the chart it is rellay clear:
we are going to die?
Kinda doubt Burst is going to 'die', but there is way too much Burst in circulation so it's entirely possible it may halve again. This is why I mentioned there should be more then one coin that uses PoC. Since PoC uses relatively little electricity the hash power will probably stay the same. I'm contemplating selling my HDs at the moment as it was a bad idea to invest all in on one coin, but I really don't want to take the 30% hit on of reselling them. ROI right now is completely out the window. Burst is on a nosedive. Holders don't seem to understand that this is a coin. Thus it has to be traded. Don't hold it, dump, pump, make action on the market. Everybody is holding and it's slowly dying. Don't dream it's gonna jump to 300 overnight. It can only happen if there is action on the market. I said this 2 months ago, everybody was dreaming to sell it @300 back then. Now, it looks like was right, unfortunately. So all holders (many miners included here, I assume) dump some coins, and put a buy order. If everybody did that, we'd be well. We need action. If no trades happen, coin is dying. And there's the other issue of fast decreasing block reward. If block reward decreases faster than the BURST/BTC value increases, it's bad news. And the value keeps decreasing! The only reason I'm still mining BURST is because there's no other PoC coin yet. I plan to make one though, and hopefully other people will make PoC coins also. If there were other PoC coins, many miners would have left BURST for another, and then without miners the coin is completely dead. I hear many people criticizing me that I mine to get profit. Well, duuuuuh!!! That's why anybody mines. And thus far I ended up mostly holding. BUT I DO SOMETHING for the coin. I MINE. I mine a lot. I do a lot for the coin. Without hashpower the coin is insecure (open to 51% attack) and therefore dead, or ready to die at any time. |
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You move 30-40 blocks 3-5 times a day in a midlle acount and then to Poloniex.....I think u move many billion Burst here to keep them fresh  . That Coin and that Team need people with faιth ,not people who look all the time at the PolonieXs price. That's it your a genius! You can read the blockchain! A coin is a coin, and not a forum thread, has to have value, right? Can't draw its value from people talking on the forum, has to be bought and sold. I sell some, I keep some. FYI, I have 8 mil burst, and I'd rather not have them, but then I'm not gonna dump at 100 either. And I just beat all pools, I'm #1 miner. And going up! I'd quit at this price, but then again BURST is really inexpensive to mine. Perhaps we need more PoC coins. Block reward is deflating too fast here, it is going to kill the coin. |
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Hard drives have a finite lifetime. The only thing I've had go wrong with my GPUs is the fans dying on them and a few oopsies that were totally my fault. I've never had on of my GPU miners just 'die' for no reason. Hard drives on the other hand I've had go bad numerous times with the lifetime of a HD being around five years or failing early and getting RMA'd. Most HDs don't have warranties that long unless you buy really expensive ones.
A properly cooled GPU doesn't lose anymore lifetime then a properly cooled CPU when operating 24/7. It's just the fans and particularly one brand of manufacturer had crap fans from the amount of RMAs I had to do on them. Overvolting is something completely different.
The GPU market price is entirely dependent on the saturation (290s and 280s are still saturating eBay for instance from the x-miner craze) and if a new model is released that also depreciates older cards.
As far as scaring away miners. Halving of the value of the coin in the last month probably did that. There is no security. PoC has one coin and if Burst falls through then you basically are stuck with a bunch of hardware you can't use to mine any other coin. GPUs are quite flexible.
Do you actually use GPUs? or are you just making conversation? They are nowhere near as reliable as CPUs. The stock cooling is definitely not enough, I've had a bunch myself that failed, I wasn't even mining with them. On the other hand, about HDDs, where do you get your information? Sure they have a limited lifespan. But that's like over 100,000 hours MTBF on any hard drive. And last I've checked they usually come with 2 or 3 year warranty if not 5. And 100k hours MTBF is over 10 years. In 10 years they'll be worthless anyway. So essentially HDDs have *unlimited* lifespan. And burst uses them like 1% of the time. So you can still use your computer, while mining. PoC is quite brilliant. Also, a HDD loses value more slowly than GPU or CPU, so BURST it's more like realestate, you make some money on the rent, but you still have the house that you can sell after 3 years. Oh and there's very little electricity cost too. |
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BURST is ready to burst 7 BTC @0.00000100 Nobody has been dumping this week. Put more orders there! or dump ...I'm buying Miner with name /bin/laden dump the last 2 months 20-40 block/day.Send a pm to that guy i m sure dump many burst on your buy order.People like me look forward.We believe in Burst.We help the PR team.You look only your pocket. You're an imbecile. If I dumped everyday, what would be the volume? Ok I didn't dump because the price sucked. So if it keeps sucking, where does the coin go? So yea, dump on my buy order, go right ahead! |
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Yup and used HDs don't have good resale since they're mechanical and go bad, unlike GPUs (minus depreciation if a new one comes out). I unfortunately bought in right as things slid down hill. Burst has always been on a precarious perch because of the amount of it in circulation compared to market volume and it was just waiting for someone to start dumping.
I disagree, if you purchased the drives with warranty, they should be easy to resell. Plus that I think a GPU is more easily damaged by mining than burst would a HDD. And HDD tend to keep their price for longer than GPUs too. Now the block reward structure is a different thing. It deflates way too fast, I said this before, the way block reward is going down right now is insane, it scares miners away. |
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BURST is ready to burst 7 BTC @0.00000100 Nobody has been dumping this week. Put more orders there! or dump ...I'm buying |
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