Bran Cohen released his new project's green paper.

https://www.chia.net/assets/ChiaGreenPaper.pdf

Its very technical and harder to follow unlike Satoshi's white paper. I hope some developers will read and share constructive criticisms. Proof of Space and Time can be the final solution to Proof of Work's wastefulness.

[video]

Daniel, nixops, Jones did a nice presentation about Proof of Capacity in this video. It starts in the 48 minute mark.

https://youtu.be/OoxIslpOiOg

Post your question if you have one. I will ask nixops to reply to all of them in the thread. Ty.

[Its our time to explore more decentralized and greener mining alternatives.]

Why is everyone avoiding this problem? Everyone should be concerned about this.

• Companies are required to apply for a permit to make ASIC
  
  
• The state can withdraw those permits
  
  
• Less than 5 companies make ASIC
  
  
• Those companies can work together to control all Proof of Work ASIC mining

Its our time to explore more decentralized and greener mining alternatives.

[Bitcoin is consuming more energy than Denmark, study]

The old hardware used and thrown will also be another envronmental problem because the metals and plastics are made of precious and limited resources from the Earth.

All developers should do their due diligence on the energy and hardware efficiency of Proof of Capacity and help to make it more secure from grinding attacks and time memory trade off attacks. Doing nothing and killing the Earth is the alternative lol.

Bitcoin is consuming more energy than Denmark, study

• Mining virtual currencies with a real-world value, in other words, carries a hidden environmental cost that is rarely measured or taken into account.
  
  
• "We now have an entirely new industry that is consuming more energy per year than many countries," said Max Krause, a researcher at the Oak Ridge Institute for Science and Education and lead author of a study in the journal Nature Sustainability.
  
  "In 2018, bitcoin is on track to consume more energy than Denmark," he told AFP.
  Denmark consumed 31.4 billion kilowatt hours in electricity in 2015. As of July 1 of this year, Bitcoin mining used up approximately 30.1 billion kilowatt hours, according to the study.
  
  
• For the study, Krause and Thabet Tolaymat, an environmental engineer based in Cincinnati, Ohio, calculated the average energy consumed to create one US dollar's worth of four top virtual currencies -- bitcoin, ethereum, litecoin and monero -- over the 30-month period up to June 2018.
  
  That amount was 17, 7, 7 and 14 million joules, or megajoules (MJ), respectively.
  A joule is a unit of energy equivalent to the work required to produce one watt of power for one second.
  
  That is up to three times the energy needed to excavate gold, platinum or copper, they found. Of the metals examined, only aluminum -- at 122 MJ per dollar's worth -- was more energy intensive.
  
  
• A complete calculation of the environmental cost of virtual currencies would take into account the banks of computers used to mine them.
  
  "The computers are made with gold and other precious metals," said Krause.
  "They are run aggressively, which means the hardware is destroyed much quicker than you or I would expect for regular use -- maybe a year instead of five or ten."

[All you are required to do is reply with your Burst address in this thread in /r/burstcoin in Reddit. https://www.reddit.com/r/burstcoin/comments/9t86gw/pocc_burst_airdrops/]

All you are required to do is reply with your Burst address in this thread in /r/burstcoin in Reddit. https://www.reddit.com/r/burstcoin/comments/9t86gw/pocc_burst_airdrops/


Read the terms below as written by PoCC developer rico666.


The PoCC has a strong infrastructure in place which enables us to perform "mega faucet events" (hundreds of thousands to millions of recipients). In order to test it, there will be some smaller test runs with potentially tens of thousands of recipients.

Each run will have some rules specified to prevent (or rather: inhibit) abuse. We will start off with reddit here, so here are the rules for the 1st PoCC BURST Airdrop Test Run (Reddit):

• eligible is any reddit account meeting the requirements stated below
  
  
• the reddit account requesting must have been created October, 31st 2018 or earlier (server time, sorry Oceanians)
  
  
• the account has to answer this thread, posting a BURST Address (in RS Format) and a BURST address only - no text. See "HowTo" below for the quickest way getting a wallet and address.
  
  
• This BURST address has to be new, i.e. no balance and no previous transactions

Every address in an answer to this thread meeting the requirements will get 0.1 BURST. While not much, this takes the hassle away of obtaining "your first Burst" to be able to receive funds from e,g, Bittrex, setting your account name, reward recipient etc... We're ready to serve dozens of thousands of accounts.

Addresses will be processed in chunks of 128 per faucet transaction, so please some patience if that threshold is currently not met,
HowTo: Your fastest way(s) to a Burst address (either one will do).
Use an online wallet, e.g. https://wallet.burst.cryptoguru.org:8125/ to create an account.

Download the Android Wallet. https://play.google.com/store/apps/developer?id=PoC+Consortium and create an account

Was that shot taken from one of your conferences? Is there a partnership made between the EOS developers and the Proof of Capacity Consortium?

I also want to know whos talking on stage. Ty.

[The first BURST cryptocurrency radio transaction in history!]

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!

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.

[Burst Competiton thread]

The Burst community is organizing a competition on who can suggest the best idea to promote user growth for the project.

Go to the Burst Competiton thread to join! Ty.

Below are some of the details about it.

• COMPETITION END DATE: SUNDAY 22nd JULY
  Competition prize wallet address : BURST-5X52-UAPP-DLNL-G8SBB
  
  
• THE PRIZE goes to the Reddit user with the best proposal to promote user growth as judged by the community. Not to sure on the best way to measure this (worried about voting abuse etc.), so I'll have the final decision but take input from the others who decide to donate to the prize pool. If you want to remain anonymous, you can send a message to the Burst wallet to cast your vote (if you have donated 25 burst or more).
  
  
• I've funded the competition Burst wallet with an initial donation of 4800 Burst, I may increase this but I hope others will contribute a little to the prize pool so we can increase the prize and generate some really good engagement. Take some time to think, and good luck!

Is there a trusted member who sells old hard drives in the forum? I plan on purchasing only 8 terabyte hard drives and up. Please send me a message or reply in this thread. Ty.

Trusted members only, I am willing to send payment first if very trusted.

 

I downloaded the latest version of Jaxx for my desktop then loaded my seed. The wallet is ok except that my address doesnt change anymore after receiving different transactions. I tried looking at the wallet's setting but I cant find anything to fix this.

If you have experienced the same problem and knows a fix, the please help me. Ty.

I am looking for an affordable VPS to run a Burst node. My two choices are Digital Ocean and Linode but they dont accept BTC. I saw a site with a list of BTC accepting VPS but I dont know if they are trustworthy.

http://cryto.net/~joepie91/bitcoinvps.html

Can anyone help? Ty.

[Burst]

Burst is an old project and the first cryptocurrency to have hard drive mining, called Proof of Capacity. It has no premine and its not an ICO. Its new Dymaxion upgrade will make it possible for offchain smart contracts and decentralized apps to be made.

Tron is a new project that had a successful ICO and will compete vs. Ethereum and NEO. It also has a very ambitious plan to replace Ethereum as the first choice platform for smart contracts.

Choose one.

[Energy-saving Bitcoin rival Chia raises from A16Z, plans mini-IPO]

Some Burstcoiners will see this as a threat but truthfully, the existence of the Chia Network will only validate Proof of Capacity and other forms or energy saving mining by using hard drives.

If investing in their mini-IPO is allowed in your country, then I dont see why you shouldnt. Chia's research on Proof of Space and Time will be worth the investment.

What I also love about Chia is the prevention of mining pools from forming. If they can do it successfully then we will have the most decentralized cryptocurrency in the world.

Energy-saving Bitcoin rival Chia raises from A16Z, plans mini-IPO

• Bram Cohen invented torrenting. Now he’s building a cryptocurrency called Chia that doesn’t waste electricity like Bitcoin, and top investors are lining up. Chia has just raised a $3.395 million seed round led by AngelList’s Naval Ravikant and joined by Andreessen Horowitz, Greylock and more. The money will help the startup build out its Chia coin and blockchain powered by proofs of space and time instead of Bitcoin’s energy-sucking proofs of work, which it plans to launch in Q1 2019.
  
  
• They’ll be working on an alternative to Bitcoin’s proofs of work, which require CPUs and GPUs that drain huge amounts of electricity in order to verify the blockchain. This has led to massive Bitcoin mining pools that split the proceeds while operating near cheap electricity sources and cold air to cool the mining rigs, like in the Pacific Northwest. These centralized teams of miners threaten to allow manipulation of Bitcoin’s price and network.
  
  
• Chia ditched proofs of work for proofs relying on file storage space that people often have sitting around unused on their computers and can use for free. Chia layers on proofs of time that thwart a range of attacks on proofs of space. It’s also building in “non-outsourceability” that prevents mining pools from forming. Essentially, anyone in a Chia mining pool could secretly run off with the rewards without sharing them, so no one will want to trust their fellow miners not to rip them off.
  
  
• Cohen believes these features of Chia will fix both the electricity waste and centralization of Bitcoin.

[BurstNation in "Walking Ghost phase", a message by Rico666]

If there still remains of some residue of Burstnation in this forum, then read this message straight from Rico666 of the Proof of Capacity Consortium, the supported developers of the Burst community and the designated successor of the Burst-Team group of developers.

BurstNation in "Walking Ghost phase", a message by Rico666

• If you don't know what that is, https://en.wikipedia.org/wiki/Signs_and_symptoms_of_radiation_poisoning#%22Walking_Ghost_phase%22
  
  
  • Right from the start, they met the PoCC with hostility for no reason. No one at the PoCC takes this personal, because it is apparent that BN met everyone with hostility sooner or later. They managed to piss off all relevant devs from the former team who were - as is often the case - more introvert and not used to face attacks in addition to the work they were doing. Personally, I wonder what the dumbwits in charge at BN thought when they were cutting off the development branches they were partially sitting on.
    
    
  • They opposed everything the PoCC was doing. Wallet development, Explorer, later then Pool development and the more "fundamental" changes like PoC2, (where PoC2 is one of the smaller changes to await Burst). They basically fucked up all their asset activities and were desperately looking whom to blame so they would not look like scammers. To be clear: they are more incompetent than scammers, but it's hard to distinguish that sometimes.
  
  
• Wait - I give "them" too much credit. "They" was a bunch of like 3 guys: Adam, Focus, Menax maybe an additional minion here and there. After the Dymaxion, Adam left, so its mostly just Focus - a barely talented sysadmin compensating with anger what he is missing in competence. Back to their "Walking Ghost phase" (WGP):
  
  
  • They opposed of course 1.3.6cg and tried to counter development with some desperate monkey-wrenched NRS 1.5.7e, then renamed to NRS 2.0.0. When they saw that the community would go for 1.3.6cg, they plain right threatened to block any community vote with their "over 51% majority of pool capacity". Basically admitting they shit on the whole Burst community using what they perceived as their major power and influence: Mining capacity to nullify the community vote. Burst mining Club and affiliated pools really had way over 51% back then.
    
    
  • We then came with an all-new pool software which quickly gained air superiority in mining operations - see http://burstcoin.cc/pool and e.g. https://twitter.com/PoC_Consortium/status/972188175836831744 So even this last "fortress" of BN fell.
    
    
  • You bet our pools were met with some attacks in the course of all this, but these ceased as they became ultimately ineffective. While we do not have any proof who is behind these attacks, we could think of some interest group - but it's really neither relevant nor interesting anymore. What is interesting was the following non-technical attacks, where Focus et al. tried to start some smear campaign on the PoCC pools with fake data, because you can see (analysis of the reward recipient flow between pools), how people are leaving e.g. BMC and joining PoCC pools or Dymaxion-supporting pools.
    
    
  • To the present day, Focus keeps claiming utter nonsense that is outright plain wrong. E.g. that the PoCC pools are "Uray code clones". You must know, the Uray - later Lexicon - pool code base is some JavaScript based on node.js - the PoCC pool software is a complete all-new implementation of Burst mining pool software written in the Go language. Anyone with a slightest programming experience or very short research is able to debunk this "clone claim", as JavaScript is really really really quite different from Go.
    
    
  • Yes, BN reached out to exchanges with some fairy tale story of "two development groups", one wanting to keep things as they are and another "more progressive". They falsely pretended both these groups have same community support - their "conservative one" maybe even more so. Yes, we have this letter e.g. from Menax to Bittrex and it gave us all a good laugh.
  
  
• This is my last writeup regarding BN, because they have exceeded their share of my attention span and given their increasing level of insignificance basically got (and are getting) way more attention than they deserve in general. As they have chosen a path of self destruction - BN will cease to exist just because of their own actions.
  
  They censor their forum hard. Which means cutting in their own flesh because they alienate potential contributors and remove content from their site. All this only to be able to say "It's not just Focus' opinion - look around in the forum, other think the same." Wow.
  
  This is what will happen:
  
  
  • All BN infrastructure relying on old 1.2.9 (or quasi 1.2.9 wallets - that includes Menaxerius' fake NRS 2.0.0) will have a harder and harder time to propagate their data into the Burst network or receive data from the Burst network. These will slowly die off.
    
    
  • By the time BRS 2.2.0 will be released, the only surviving wallets on the network will be 1.3.6cg and BRS 2.0.x There will be no danger of Burst forking into two coins. A "Burst classic" scenario is simply nonexistant.
    
    
  • Personally, I have lost all hope that BN "management" will come to its senses and doing the only right thing there: unconditionally cease any opposing activities and join the main stream, which is the PoCC roadmap for the Burst cryptocurrency. Also for me personally, the time of a face-saving option for BN has passed. Unless I see a letter of unconditional surrender and BN starting to behave humble, with ashes on their head, spreading optimism and positivism and proactively ask where they could help out - I consider BN a disturbing element of the Burst community that has to be cauterized.
  
  
• No one can prove a negative. The PoCC cannot prove to never have attacked any BN-related operation (or anyone else) whatsoever. But we can prove a positive. I suggest Focus and Menax to stop shittalk and to pray as hard as they can so I personally do not feel tempted to demonstrate how it would look like if we decided to use offensive measures - just to prove there were none before that. My gloves could come off.
  
  But all this is purely theoretical. For starters, the duration of a WGP is 10-20 days, so it just takes some patience to see BN fold completely. Good bye - yo may not be in our hearts, but you will be in our memories. For a while.

[Crypto Miner Genesis Hit With Cease-and-Desist Order]

This could become a precedent for other states in the US to follow and order their own cease and desist orders on Genesis and other cloudmining sites that are selling contracts.

Maybe the regulators should also investigate them for false advertising lol.

Crypto Miner Genesis Hit With Cease-and-Desist Order

• Through the contracts, buyers essentially purchase an amount of computing power over a period of time that is hosted elsewhere, as opposed to owning mining hardware themselves. In the Commission's view, they "constitute investment contracts and are thus securities" under South Carolina law.
  
  
• Both firms were ordered to stop doing business in South Carolina, according to the document. Additionally, both Genesis and Swiss Gold Global were permanently barred from offering any securities in the state in the future. That said, the companies have the opportunity to a request a hearing with state officials to present their side.
  
  
• The move represents the latest cryptocurrency investment-related cease-and-desist order to come out of a U.S. state regulator in recent weeks.

This will be a token apocalyptic event wherein all the government regulators around the globe will start ordering exchanges to delist ICOs because they are illegal.

If you are still holding some ICO/crowdsale/presale coins or tokens, give yourself a favor and sell them now.

Okay Im looking for another high volume site with many altcoins listed and found that Binance fits those classes.

With that said, I want to ask how hard is it to get verified in Binance compared to Bittrex, Poloniex and Bitstamp?

Ty for your answers.

Hi everyone. If some of you are Open Bazaar users or vendors please leave some reviews here. It would help if you could give more details of who the vendor was, what item was purchased, and other details like how long the item reached your home or how easy it was to deal with the vendor.

If you are a vendor you can advertise your shop here and give everyone more information and awareness. Ty.

I saw a small altcoin passing service idea in /r/burstcoin and I was thinking of hiring a coder for it. The idea is to send coins to the service from Bittrex, then the service sends them to the wallet of the sender's choosing.

Its not that complicated. How much would a freelance coder be for that job and how long would it take him or her to finish it?