Happy new year! If you take some time to read on the latest updates on Burst's development, you can see that the platform has improved from what it was a few months ago. If you are looking for an altcoin investment and a growing community, Burst will be a good one. I hope many of you will join us. Weekly Burst Report – Special Edition: 12/31/2017- The Burst Dymaxion is a white paper describing a tangle-based lightning network – it implements layers to the Burst network in the form of payment channels. Each of these payment channels is opened in the form of standalone colored tangles, on top of the Burst blockchain that runs on the Proof-of-Capacity protocol. With the Dymaxion, Burst becomes a truly global, scalable, energy efficient and anonymous transaction system.
- For those who want to know more about the Dymaxion without the technicalities of the white paper, I published a Burstcoinist article titled The Dymaxion Explained in Layman’s Terms. Another article is planned for next week, explaining the CIPs and the 2018 roadmap. Some further questions have been answered in a Q&A reddit megathread.
- Implementation of the CIPs described in the white paper will start at the beginning of 2018. The PoC Consortium would like to stress the fact that the main bottleneck that may slow the implementation is the community, if wallets are not updated to the latest 1.3.6cg. Everybody using the AIO should update to Qbundle, and everybody still on 1.2.9 should update to 1.3.6cg. Download the latest version here.
- The PoC Consortium posted an interesting screenshot on twitter:
As you can see, the heavy code refactoring that is going on since the launch of 1.3.6cg also removed a hundred bugs and eighty vulnerabilities from the code, and developers are not even done yet. The BRS is going to be even more stable than now, and written in top-quality code.
- The PoC Consortium posted a sneak peek of a new pool software that is going to be released in the very short future, probably next week. According to PoCC developer rico666, the pool will have a new interface and is going to be able to scale to tens of thousands of miners without performance losses.
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I think Monero can do that as it is already chosen as second payment method on dark net.
Yeah. Its the cryptocurrency thats following BTC's humble beginnings to darknet acceptance and then maybe to a 100 billion market value. But too bad its going to have more of problems in scaling because it has larger transaction sizes than BTC. All blockchain based cryptocurrencies wont scale onchain. Accept that reality. |
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is it worth expecting the nearest price increase? Or is it not going to happen soon?
I am not a good trader or anything but Burst is still going down for now. I hope it finds strong support soon. We cant bear another panic selling once the buyers on BTC.00000550 and up starts having unsubstantial fears that the project might not be going anywhere. I am not saying it wont but some investors who are holding at a paper loss will have scary monsters under their beds once in a while. |
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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?
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And I am really shocked about those many advices without asking, why a newbie here wants to "clean" money.
Well... that's none of your business, right?  Another way to clean your BTC is to deposit it to an exchange and trade it for an anonymous cryptocurrency and send that to another exchange and use it to buy back BTC. Then withdraw them to another BTC address. Its what most people are doing these days.
That's not always the best way. I'm pretty sure that all exchanges keep logs of its users (including deposits, withdrawals and IP's). If the exchang wants, they can easily link the transaction to the user who made them and where it came from. As a safety measure, use Monero and convert them to BTC via xmr.to. Many darknet users use that method to "clean" their BTC. But if it were up to me, I would start keeping everything in Monero and use that as the new store of value. The BTC community has to much drama going on thats hurting the price of the currency. |
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Another way to clean your BTC is to deposit it to an exchange and trade it for an anonymous cryptocurrency and send that to another exchange and use it to buy back BTC. Then withdraw them to another BTC address. Its what most people are doing these days.
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After reading the latest whitepaper, is anyone else under the impression that the PoCC is actually secretly Vitalik Buterin?  Either Vitalk, or a genius of the same caliber. The PoCC have ingenuity which make their idea "genius". They basically copied Satoshi Nakamoto's example of integrating available technologies together and making it one new, complete package. If you think about it, its what the BTC developers should have started doing when they saw all these new technologies started coming out. |
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Finding lot of potential in it burst but when it comes to price it cannot able to survive in the market because many people who are holding coins are dumping in the market when the price burst is increasing.
Thats true but I dont see it that way. I see it as a chance for the speculators to buy more. With the Dymaxion coming next year, Burst will be worth 2x or 3x more than it is now. The /r/burstcoin community is also growing easily fast, which is another good sign that a project is gaining some influence. That also not the only thing. The PoCC has not started their marketing efforts yet. Having that said, theres only one direction this project can go. Its up. |
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Thanks pinkflower, I posted at the same time as your post
I will be leaving Thailand in a couple of months, and really want to approach it as if I was in the UK. I have a UK bank where the money will come from. What is the quickest way to actually buy, without having to wit days or weeks for verification, and for exchange? Coinbase seems to be popular but the fee is high if I spend £1000
Yes a friend recommended Electrum, but I read elsewhere that for amounts above £500 that paying for something more secure is a good idea. What do you think?
These days I dont know any exchange that doesnt require verification. Try finding a seller on localbitcoins.com. There are some sellers that are willing to sell you some BTC without ID. But it wont be as high as £1000. You can also try the marketplace/currency exchange subforum here. But be careful, there are lots of scammers. Electrum is okay but make sure that your computer is clean and secure. But buying a hardware wallet is good too if you can afford it. https://bitcoin.org/en/wallets/hardware/ |
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So can anyone recommend a good place to buy for people from the UK. And what is the best wallet to use for investments of £1000 or around that much?
Ive been reading for hours and theres so much conflicting info!
Read my post above. I recommend having someone with you who knows BTC in person than relying on random people in the forum. But if you have no choice and you want to buy now, try looking around localbitcoins.com and find a seller there. Having that said, dont you ever leave your coins in a website. Always store it in a desktop wallet. Use Electrum. Its the best. https://bitcoin.org/en/choose-your-wallet |
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I heard that theres a community of Bitcoiners there in Thailand that is mostly comprised of foreigners. I am not sure but go ask on /r/bitcoin in reddit.com.
If there is then I'm sure they will be more than happy to help you get some coins and teach you how to store them securely.
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After the release the the Dymaxion whitepaper, the Proof of Capacity Consortium have updated the roadmap on the burst-coin.org website. If you havent read the whitepaper, you should do it now. It is great! The PoCC will start integrating working features from other cryptocurrencies into Burst. The features that will be integrated are, ring signatures and zk-snarks from Monero and Zcash, payment channels from BTC's Lightning and tangle technology from IOTA. The process is the same as how Satoshi Nakamoto made something new with the technology he had at his disposal, like public key cryptography, timestamping and hashcash. Current Burst RoadmapCode refactoring- Improving structure and readability with a focus on simplicity and flexibility. Getting rid of old code from the NXT wallet.
- Paving the way for more advanced modifications.
Soft fork: Dynamic node capabilities- Making the mempool size configurable to better adjust to the node capabilities.
Hard Fork: Dynamic block size and transaction fees- Making transaction cost and block size dynamic values to be better able to cope with varying transactional load on the Burst blockchain.
PoC2 protocol- A minimally invasive way to achieve time-memory tradeoff resistance, while keeping the currently used plots functional.
Better development efficiency- Adding new procedures such as Unit-Tests, improving the API and other advanced components.
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I'm finally running Burst 1.3.6cg!
Where does it store the database/blockchain file so I can back it up after syncing? I dont see it in the burst_db folder.
I am using Linux.
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I'm here to apply for the vacant Sr. Member slot. Ty.
Username/UID: pinkflower/886811
Bitcointalk Rank: Sr. Member
Current number of posts: 1560
Bitcoin Address to send the payment: 1Pj4jhqQFsahzmKrhz1K7Vd9ZYzyRZ3q4w
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To the both of you try contacting them in their twitter with your concern and ticket number. They have been replying there recently about missing deposits and asking for the ticket number. https://twitter.com/bittrexexchangeThis. If everything else fails or its taking too long to give a replay in the proper channels, then Twitter is your last resort in getting a quick reply from them. Its public and they wouldnt want to garner an image of treating their customers badly. |
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Hi I trying to withdraw money & BTC for a weeks but I never get confirmation mail. Have somebody else similar experience? https://imgur.com/a/d6nRnCancel the withdrawal then try doing it again. See if the email comes this time. Sometimes the email goes straight to your spam folder, so check that as well. If everything fails then its time to bug Bitstamp's customer support again lol. |
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Stay away from Coinbase, I heard some withdrawals are taking too long to get to their bank accounts lately.
The best thing for you to do is buy BTC, and withdraw via another exchange. Localbitcoins as other suggested is good but the fees will be high. If you want a wire transfer my suggestion would be to use bitstamp.com. Its one of the oldest and most trusted exchanges out there.
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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.
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My recommendation of two good altcoins to invest is XVG and IOTA, as the price of both coin increases slowly
Theyre both over priced by now and everyone who is into cryptocurrency trading have already heard about it. If you want a gem then you should be looking at Burst. On 2018, it will be one of the best performing cryptocurrencies in terms of development. When development is at a high level, the price always follows lol. Read the whitepaper. It was just released today. |
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