Add transactions through radio or a independent wireless mesh network that doesnt need an internet provider. I think those kinds of transactions would be the most important because they cant be censored by anyone in power.
In the end there is a party that broadcasts the transaction to the network through the internet, so it's not entirely bullet proof. I have yet to come across something that's truly censorship resistant. That however doesn't mean these semi offline networks aren't useful. I have seen a demonstration where its usefulness peaks in areas hit by natural disasters and whatnot. What I am looking forward to is the day that a wide range of compatible hardware wallets will allow you to swap preloaded private keys in a direct peer to peer manner. Benefit here is that no one externally will notice that coins have been put to work because nothing happens on-chain, while in reality the coins may have had hundreds of different holders already. I don't think we're that far away from seeing this become reality. Its useful when the entire world is hit by the big one. The greatest financial collapse of all financial collapse, World War III or an alien invasion lol. We will need low energy, portable miners and nodes thats connected on a radio or wifi mesh network. Its going to be the most important transactions in our lives thats done by blockchain. |
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Stunna, how does Stake and Primedice choose which coins to accept in the site? Do you do your own diligence or are you open to suggestions from the general community? Ty.
A combination, we had a poll a couple months ago and have been adding in the top coins from that poll. We're open to suggestions but it doesn't make a lot of sense for us to spend a ton of time integrating a coin that isn't widely used. Okay. I will post Burst's information sheet here for your consideration in case theres a chance that you change your mind. Ty. Burst has the qualities to be one of the most decentralized coins because of its low energy requirement in mining. One developer from the community made a solar powered node that transmitted a transaction through radio. "Proof-of-Life” Off-Grid Crypto TransactionGeneral information- Name: Burst
- Ticker: BURST
- Number of decimals: 8
- Maximum supply: 2,158,812,800
- Algorithm: Proof-of-Capacity
- Release: no ICO, no premine
- Developers: PoC Consortium
Exchanges listed- bisq (P2P exchange): BURST/BTC
- Bittrex: BURST/BTC
- Coinroom: BURST/USD, EUR, PLN, GBP, NOK, CHF, CZK, DKK
- Indacoin: BURST/USD, EUR, RUB (Visa & MasterCard)
- Livecoin: BURST/BTC
- Poloniex: BURST/BTC
- UPbit: BURST/BTC
- xchange.me: BURST/BTC, ETH
More informationTechnical support / contact |
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Burst community member, CurbShifter, has released BurstCoupon! It will be something like a token used to claim Bursts but with a deadline with potential applications in airdrops, automated faucets and rewards for challenges and others. They are all very useful to get your first Bursts to activate your wallet. burst coupons seem intersting. So it's like a raffle for you to be able to go buy a limited edition product It's nothing more than escrow which is already built into the wallet but instead of a signer it uses a password, so once again something completely useless. Its not completely useless. Its use case for coupons is a clever idea. Whats wrong with you? You had your chance to develop Burst into something good and useful for the community but you missed that moment. Why cant you accept that Burst has moved on? |
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Dude are you for real? Burst needs miners to verify transactions, and the miners need ELECTRICITY. So NO, Burst cannot be maintained without electricity or internet.
Yes this is for real. The electricity source is off the grid and powered by solar energy. Burst's low energy requirement has that advantage. Its all over the news. Read it. "Proof-of-Life” Off-Grid Crypto TransactionYou can criticize but this is nothing but a proof of concept of whats possible to do in Burst and its low energy requirement. Next would be a wifi mesh network without the need for an internet provider. |
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Stunna, how does Stake and Primedice choose which coins to accept in the site? Do you do your own diligence or are you open to suggestions from the general community? Ty.
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I'm researching to see what types of "real-world" crypto transactions you would find most useful? Venmo/Cash App type - Peer2Peer Daily life spending (grocery stores, coffee, etc) Paying bills Etc... I'm asking your thoughts on this  Add transactions through radio or a independent wireless mesh network that doesnt need an internet provider. I think those kinds of transactions would be the most important because they cant be censored by anyone in power. Maybe this transaction sent over radio in the Burst blockchain was argued to be illegal, but the significance of this project will be off the scale. |
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daoudhichem, your country prohibits cryptocurrency trading and mining because its not legal tender money. Its not a currency that was decreed by law to be the only one used by its citizens. If you were your country's president would you allow it to be used freely, costing of your own's country's financial system?
Russia has been slow to regulate it maybe because they know it would be a waste of time.
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LMAO, I love how people just believe everything they read and never due their homework. First, it is not legal over HAM radio. Second, I will counter your rebuttal ahead of time, the one saying you can use other means of radio by telling you that it is AN ABSOLUTE LIE , that this was a first. It has been done some time ago: https://github.com/aceat64/bitcoin_aprsFirst, this doesnt change how significant this is. An independent miner because of Burst's low power requirements and a node to send/recieve transactions over radio, or over a wifi mesh network would show that a cryptocurrency such as Burst can be maintained without an internet provider or an electricity company. Second, okay I admit my mistake and have changed the title. |
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Big news from /r/burstcoin. Burst spokesperson and contributor, nixops, did the first cryptocurrency radio transaction in history! The whole general community should know about this by talking about it in this thread. Lets make it known! |
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Click and see The first BURST cryptocurrency radio transaction in history!Ty to Burst's community spokesperson and independent developer, nixops, for making this and also for opening a new road to real decentralization. The device runs on solar power and its HAM radio capabilities connects it to the Burst blockchain. This node is independent. No internet provider and its outside the power grid. The future is bright! |
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Burst.
The Proof of Capacity Consortium is composed of the best developers in and out of cryptocurrencies and is supported by a community with an excellent understanding of cryptocurrencies, not like the ICO investors who are here to dump on the next pump.
The price is very cheap for a unique coin that plans to revolutionize mining by giving us a greener way to produce coins by using free disk space.
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When will the Graft team apply for listing the project in other exchanges like Binance or Bittrex? Is it in their roadmap?
Its hard for investors to accumulate the coin.
It seems to me that in order to get to these exchanges, you need to pay a lot of money Isnt it included their roadmap to be listed in the biggest exchanges? The Graft team had an ICO, maybe they already have a planned allocation of some of that ICO money for exchange listings. They have funded their project like a real company, they should also run it like one. They said that it would be better to spend money on the development and improvement of the product than to spend it on exchanges. For a project with no ICO, nopremine like Burst, yes all the resources of developers are better spent on development. But for a project that has millions of $ from its ICO, some of it is better spent on listing in a big exchange. They owe it to their investors to make easy to sell Graft. |
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Did anyone got update by mr. notaek , for the payment .
No. Lets wait for another week before worrying lol. |
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When will the Graft team apply for listing the project in other exchanges like Binance or Bittrex? Is it in their roadmap?
Its hard for investors to accumulate the coin.
It seems to me that in order to get to these exchanges, you need to pay a lot of money Isnt it included their roadmap to be listed in the biggest exchanges? The Graft team had an ICO, maybe they already have a planned allocation of some of that ICO money for exchange listings. They have funded their project like a real company, they should also run it like one. |
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But why would an open source crypto exchange attract users? What would be the advantages?
The only advantage I can think of with an open source crypto exchange code is the potential community, if there is one. The community can help address bugs and increase security. This is also a potential disadvantage. With an open source code, a potential attacker could go through the code, find and exploit bugs that haven't been addressed in time. So, even though open source is generally a great thing to have, with crypto exchange code, I would be careful because the devs may not be good enough or the community not strong enough. I'm not saying that's the case here as I don't know RubyKube. Propietary software can also be exploited and can be less secure than its open source counterparts. The best proof would be in operating systems, Windows is more exploitable than the open source Linux. |
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Good project! But like what AdolfinWolf asked, why the announcement? Are you looking for more people to contribute in Github or do a security audit and a peer review?
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When the ICOs started to require KYC/AML before giving their tokens, some of the bounty hunters are having problems because they dont have ID or are minors.
I want to start a service of claiming your stakes for you using my oen identity. Would this be something you would like? Answer the poll. Ty.
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I think a global epidemic has been the increase use of alternatives to cash. Merchants is starting to see the advantages of not having to deal with "dirty" paper money and having the higher risk of robberies when you have to collect a large amount of cash. It is just more convenient and hygienic and safe to use alternative digital currencies and digital payment networks over cash. The informal sector will not have a problem with cash, because they collect much less than the larger retailers. Counterfeit fiat currencies also adds more cost to their business to detect that and also to prevent that.  We are quickly moving towards a cashless society.  Its isnt new. The world has been already moving towards a cashless society since Diner's Club introduced the first credit card in 1950. Credit card transactions might also already be composed of more than 40% of all the world's transactions, but I would like to see a citation if someone else can post it lol. |
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Burst has good idea but no liquidity or big exchanges
Thats because Burst doesnt need to be in big exchanges for now. Its not ready and the PoCC doesnt want to present an empty project like most projects that are listed in Binance. If you want to buy Burst because you only want to be rich, then leave and look for an ICO scam. |
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https://foreignpolicy.com/2018/09/11/china-cant-afford-a-cashless-society/.... This piece attempts to blame cash and paper money shortages in china on 3rd party payment apps like Wechat, Alipay and Tencent. When people hear the term "paper money shortage" what comes to mind? Is this something that is likely to be the fault of private sector enterprise: corporations which build and implement electronic payment networks? Or is it more likely to be the fault of governments who produce and distribute paper money? I would be interested to know peoples feelings on this topic. Would also be curious to know if anyone that reads this piece feels as if there is "anti-capitalist" sentiment present. Perhaps similar to the anti-capitalist sentiment pushed by venezuela which led to the severe deterioration of its private sector. Followed by loss of jobs, heavily reduced production via corporations in the country, etcetera. No mention of bitcoin or crypto currencies, here. Should they also be considered in "cashless society" discussions? What are peoples thoughts on this? Paper money shortage? The article was telling a story on how a growing % of people dont want paper money anymore because they would like to use electronic payments more. This is making a sector in China's society worry because the older generation and the low income sector do not have access to online and electronic payments. Its making them hard to transact with the use if cash. Theres no paper money shortage. |
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