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1341  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 10, 2015, 05:04:20 PM
Okay, what if we make the following modifications...


1. The cap stays, but coins are added to its total.

2. Rewards are still raised, and decline in reward is lowered. Reward goes to 15k/block now, and reward decline changes to match bitcoin's halving times, by going to 1.455% per month.

3. Transaction fees go up too, minimum goes to 2 or more BURST per transaction, until we believe we can lower it again when there are many more transactions in the network.



This gives incentive for miners to jump back in now and make network bigger again, during this we work our asses off and get the market mods done, mixer AT integrated, etc. Make the market browser better with categories and searchable, etc. Hire a PR company to promote the decentralized market, and get many more users to it.

Get more assets up and running, and work hard to get investors at the same time.
1342  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 10, 2015, 02:12:35 PM
Iīve been here, with BURST comunity from the early september 14. I write infrequently  because Iīm spanish and  Iīve a very bad english, but I read the BURST treath every week. Iīve been mining BURST with some Tb from then and I buy some others BURST. Nowadays I own about 4 million BURST, but I spend much more than the actual value.

Iīve just read Crowetic document and I DONīT agree in some of the questions.

i) I canīt understand the reason to change the reward schema. I, like many others, think that if the BURST provided is unlimited, BURST will have in a not very long term a zero value.

ii)Iīll, also, not change the reward scheme for creating a donation fund, it would be created for the pool administrators and major solo miners, giving the 5% or 10% to that fund for each block found.

iii) and the most important, I DO NOT AGREE that the person who has been blackmailing us over the last six months and is the main cause of the lower price of the BURST, will become the maindev. He has not shown at any time has the capabilities to perform the job.

BUSRT wallet and BURST blockchain has no problems to be cahnged, the maindev must be someone with high capacities in Smart Contracts (AT) that is the great diference of this coin with all the other ones. We need to improve ATīs and generate enthusiasm in people to use this currency, because BURST itīs one of the most disruptive and high-tech coins and those are our most valuable asset.

I give my vote for maindev to vbcs, helped for someone with java and/or NTX skill.

Thatīs my opinon

I agree 100%

I spoke with vbcs by PM but unfortunatelly he is not able to fully work on burst.

I continue to mining burst on dev v2 pool. In near future i will buy more storage to secure blokchain and "borrow" some space from IT department where i work.

Uh, don't you think that vbcs would've been one of the first people I contacted? Since he's on the team? You think I chose the most likely person to cause complete disagreement in the community as a first choice? Get real man seriously.

1343  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 09, 2015, 10:26:00 PM

The supply being unlimited just means the growth would have to match,

Yes, the growth would have to match.

Nobody wants to own an inflating coin if a non-inflating is available. Nobody that is interesting in keeping their BP at least.

Suppose you need 10% growth a month for the price to hold.  You would need 10% growth  a month just to keep the price.  After 10 months, you have the same.


Suppose the same growth happened to a noninflationary coin,

a holder would earn 10 percent a month for 10 months. that is a profit of factor  (1.10 ^10 )   that is  2.59 times the original value, or 259% gain.

So what will an investor want.  breaking even and dumping miners in the inflationary coin, or 259% gain due to features and marketing increasing coin usage.  



On top of that, the 259% price increase due to growth should more or less automatically lead to 2.59 times larger a network, due to miners making more money.

I hardly ever see the growth affect the price proportionally, in fact, I see many capped coins that don't grow in value at all, regardless of their other growth. There are so many other factors in play, especially in such a small market that is the altcoin scene.
1344  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 09, 2015, 09:53:33 PM

I think throwing away the java code and going with c might be something that bit would be for as well. It looks like a clone might be the only option here, I was just hoping to continue with BURST, as to not leave it here in disarray. Maybe we start all the assets over? I honestly didn't even really look at it that way, but you're absolutely right about the asset issue.

The benefit is that bitladen seems to know c to a level that is useful.  A big non-benefit is that the BURST code can pull in enhancments from the NXT project as long as we adapt things a little. If you go to C, you will lose the opportunity to easily bring over enhancements made in NXT.  Also, as it is now, it should be quite easy to lure NXT coders over here, as they will already know a lot about the guts of BURST.  if you use C, you will more likely draw on BTC developers who then have a stepper learning curve, as the software architecture of BURST resembles NXT a lot more than it resembles bitcoin.

I agree that a fork would be sweet, especially with the ability to now use cross chain transfers with another coin besides QORA, but the thing I see that is going to still remain, is people not using the ATs yet. I think ATs will get use once we can make them extremely simple. The idea of the transition AT is great. Very good to see some actual thought being put into this and not just immediately shutting everything down.

We had planned all along that if another coin was created, the BURST plots would remain usable. Thus allowing dual mining of both coins.

It seems this is the way we're going to have to go, as the BURST community simply doesn't like the personality of the developer I chose.

Although, the more I think about this, I do think this would lead to some very interesting outcomes indeed. Very much appreciated response, once again thanks.

Friendly competition is usually good for all involved parties, and especially the customers, i would welcome another PoC coin, although i would not mine and hold if it was infinite, i would mine and sell, as i don't believe in inflating currencies. I think it will crash and burn, making mine-and-dumpers rich. It will mostly be used for transacting , nobody will want to own the new coin as it will spiral down in value per coin, as more and more coins are added.



The supply being unlimited just means the growth would have to match, the coins would stay more relative to hardware costs (network running costs) and the use of the marketplace would make the coin be used. What you said is what we're looking for. Miners to mine and sell, traders to trade, the coin to be moved around a lot. More volume, using the coin on the market without worry of holding for future value, and the miners to get a solid payment based on the difficulty. The less the size of the network, the less the reward. The goal would be to have a coin that is used constantly. The goal would be for the use of the market (and other features) to grow, become more and more popular, and thus make the infinite amount of coins not really matter. We're looking for people to NOT hold the coin and hope for value, we're looking for a coin that makes its own value based on its use and the market costs of running the network and what miners are willing to sell for.
1345  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 09, 2015, 09:47:47 PM
I like it, bring more miners online!  Wink This is the whole goal anyway, right? MORE MINERS!



I would love to be able to bring more disks online but I won't be able to at the moment due to changes in my company that are basically a re-boot of the way I'm operating, and thus my income is temporarily lower than usual. Although as soon as possible I would love to bring about 200TB more to the network.


By no means does me supporting bitladen as the developer, mean I support his attack on the network (if we let it get to that point.) I support fighting! This means that the network is growing, which IS my goal here.

Regardless of what you may think, it is actually bit's goal as well. He just has a much more 'forceful' way of showing it.


This doesn't have to be a war, but I think whatever gets more miners to the network works for me Wink

Now, what's the suggestion for development? Funding? If we can solve all the issues in another way, I've been open to this from the beginning. Although, I think the issue (main issue anyway) will be the development without the funding first. Finding a dev to work for free, and is active and qualified, isn't a simple task.



oh, and tiga, I never said I was sane Wink heh.


But seriously tho, yes, I may sometimes support 'radical' ideas or drastic changes, sometimes this makes people love me, sometimes the opposite. I generally hope for some middle ground, but if I get love that works too. Tongue
1346  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 09, 2015, 09:10:35 PM
Here is a link to my paper, it isn't fully edited, just wanted people to see the ideas that I had proposed to the team.

The document is commentable, so leave a comment (make sure you leave your btt username at the end or beginning) and we can discuss, or you can quote parts and discuss here, or in the burst team chat.


Look forward to seeing the opinions of the community.



Link to Crowetic's Suggestion Document for 'BURST ReBorn' below...

https://docs.google.com/document/d/1Xk23cNYy1BfV5DNto5FjG-3l1VUDFXETAqHbeyK7rX4/edit?usp=sharing


i have read the paper in detail with the result that i think it describes a new coin.
there are some points i really like and some points about i think they have to be put into a fork.

in fact today burst has absolute nothing except speculative value.
a fact for the suggested unlimited supply is that this saves most assets their asses since you give burst to them and then you can receive more burst back.
for all others this destroys the whole speculative value burst has and we would end up with a worthless twelve month premine period while starting from scatch with a quite huge network.

personally i really like radical approaches since this is the way you can move huge things.
more radical would be to throw the java code away and create a rock solid c integration of the burst protocol.

since  burst already has crosschain transfer functionality a fork could integrate seamlessly and maybe utilize the existing exchange infastructures (if people want to trade between both).
if the fork shows it offers great features people are willing to move regardless of what they may suffer from the changes.
getting value from "old burst" into the "new fork" could be done by generated/integrated ATs which have unlimited code execution supply. the question there is how the exchange rate gets set dynamically.
it would be great if the fork could use the same plots but this would make people mine on both chains and double their capacity virtually.

 


Thank you for the great, and well thought out response. I appreciate it.

I think throwing away the java code and going with c might be something that bit would be for as well. It looks like a clone might be the only option here, I was just hoping to continue with BURST, as to not leave it here in disarray. Maybe we start all the assets over? I honestly didn't even really look at it that way, but you're absolutely right about the asset issue.

I agree that a fork would be sweet, especially with the ability to now use cross chain transfers with another coin besides QORA, but the thing I see that is going to still remain, is people not using the ATs yet. I think ATs will get use once we can make them extremely simple. The idea of the transition AT is great. Very good to see some actual thought being put into this and not just immediately shutting everything down.

We had planned all along that if another coin was created, the BURST plots would remain usable. Thus allowing dual mining of both coins.

It seems this is the way we're going to have to go, as the BURST community simply doesn't like the personality of the developer I chose.


Although, the more I think about this, I do think this would lead to some very interesting outcomes indeed. Very much appreciated response, once again thanks.


1347  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 09, 2015, 07:34:54 PM
I can see the issue with bitladen's insults to people who he doesn't agree with, but that isn't likely to change. Rest assured, this is why I would remain the 'face' of the coin. bit would just do the main development.

I think too, that we can come to a reasonable solution here with what has been presented. We have mentioned that we don't want to leave burst devless, we have given options for a temporary replacement and ways to pay for permanent replacements. Ways we believe the coin can continue longer and be mineable forever with more profit, and ways to help the coin become used more.

The details can be modified, they can be discussed, and I've given many requests for OTHER IDEAS.

Only maybe incomeasset has given a solution AND a way to carry it out, and HOW to carry it out.

All other suggestions are just words without a plan of action.


I welcome once again, anyone, to come up with another idea, a way it will be carried out, why you think it will work, and someone who is capable to do it, and willing in the current situation.





*Also, I feel the need to point out, I never said for sure the main dev is gone forever, I just said he's MIA. The last thing he mentioned (which was a couple weeks before he actually went out of contact) was that he may have things in the future personal he needed to handle. Then there was no further important information. I feel like this is very disappointing, and he could have at least come in and said he was leaving, or said he had to be gone a while, something, but he didn't. So at this point I label him 'MIA'. No one has heard anything from him is all I mean by this. I for one, don't think waiting forever for his return and letting no core development happen, is a good idea. That's all. So I've come up with the only viable option I've got at the moment, and someone willing to help implement it.*



Please tho, by all means, anyone else do the same, and I'll gladly look over your proposal as well.



This is NOT about just making money, however, like I mentioned in my paper, I feel that the majority of MINERS feel that way, they look at ROI only when choosing a coin, which is why I believe higher rewards AT THIS POINT IN TIME will bring more miners in.

I also mentioned that the overall goal of BURST would eventually be 'normal computer users' who would mine on their extra space, thus making the network extremely decentralized. I am already promoting this idea to my computer clients, and have a couple that have picked up BURST, using daWallet's new GUI, and are plotting space as we speak.
1348  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 08, 2015, 10:43:36 PM

Not sure I see how it would make current miners more greedy... explain please.

Yes, marketing is great, but there's only so much a couple people can do. We gladly accept the assistance from the community when offered.

I can start the crowdfund now for the signature campaign, and lets see how many people actually donate. This is a notorious issue with anything we post asking for monetary assistance.

Miners mostly mine the BURST then dump it at whatever the market price. If you increase the block reward for them you will only decrease the price severely to the point that it can be critically low. It would be a devil's wheel that would feed on itself and can even destroy BURST alltogether.

Instead, a better approach would be , high price, that would lure in more miners, or make miners to upgrade equipment and have a bigger network size, for better profit incentive. A higher BURST price can only be achieved with proper marketing, a strong dev team, and good assets to lure in more investors.



The INCOME report is ready, and can be found here:
https://burstforum.com/index.php?threads/ann-income-asset-decentralized-referral-empire-based-income.839/page-4#post-6179

We made 3x more profits than yesterday, so I see that the profits are not uniform, so I`ll monitor all this week's activity, to kind of measure the daily average ROI.

Today daily ROI for today is : +0.38502%


The modifications to the Marketplace would make the coin more used, and bring more people by bringing attention, and thus there would be many more people putting money into the coin. I don't think the price would get as low as you think with active development working toward these modifications.



Issue remains that the team is quitting, the dev hasn't been heard from, and without paying out of pocket (or from select few donators) we aren't able to hire a dev or marketers. I'm doing what I can but I'm one person, the people that remain in the team are doing what they can but they're also only a few people with not much time.

Even with all of us working very hard, the limits of the reach of our promotion VS that of a professional promotion team is going to be pretty big.

The amount of work needed requires more people to help. I haven't had many requests by the community to join and help.

Ideas are good, but how we get them done specifically is where the problem comes in.
1349  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 08, 2015, 08:51:52 PM
Being new here and mining for  a month, I like the way it is right now. I wake up check my miners  have lunch check my miners ...it just works. Went on vacation and left everything on........came home and computer was running on energy saver mode with no problems of overheating on 90 degree days.

If everyone is happy mining, then what makes you unhappy?

.....Price?
.....................Jealousy of another miners rewards?


If everything is fine then what needs improvements or refinements. I just don't see any issues other than continue with ease of mining and tutorials.

To Do list:
1. Security
2. Marketing
3. Price.

I'm glad you're happy with the way things are. What makes me unhappy is seeing the size of the network drop. Seeing people say they've quit mining because it just isn't worth it, and knowing there are other ways both available now and coming soon that people could potentially use their disk space for better rewards, and thus making the network drop moreso.

I am just asking for suggestions, specific suggestions with ideas on how to make it happen.

I guess if you think everything is fine, that's cool. Thanks for the comment.
1350  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 08, 2015, 08:04:04 PM

This isn't a bad idea, however it still leaves us without someone who will be willing to commit to future core development of the coin. Not a bad idea tho, and we might do this regardless to test it out.

Do it please, and do it asap, it would really help BURST get some juice.

If it's possible then you can pay the signature campaigners in BURST instead of bitcoin.



Not that I'm against it, but I do fail to see how this would work. Spamming the forum about BURST will make people buy it, do I understand this correctly?

Forum signature publicity is definitely a better promotion than a thread full of bickering and hostility.

I dont think the fact that you guys are bickering in this thread is giving positive light on BURST.

I think we need to settle our issues, and start working on burst.

Increasing the mining rewards is not a bad idea


I think it is because it doesnt necessarly bring in more miners, but it will just make the current miners more greedy and they will dump all the coins making the price go very down straight to 0.

It is a suicidal approach, my suggestion would be to work on the marketing side of BURST with perhaps the signature campaign that I suggested above.

Not sure I see how it would make current miners more greedy... explain please.

Yes, marketing is great, but there's only so much a couple people can do. We gladly accept the assistance from the community when offered.

I can start the crowdfund now for the signature campaign, and lets see how many people actually donate. This is a notorious issue with anything we post asking for monetary assistance.
1351  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 08, 2015, 08:00:22 PM
Here is a link to my paper, it isn't fully edited, just wanted people to see the ideas that I had proposed to the team.

The document is commentable, so leave a comment (make sure you leave your btt username at the end or beginning) and we can discuss, or you can quote parts and discuss here, or in the burst team chat.


Look forward to seeing the opinions of the community.



Link to Crowetic's Suggestion Document for 'BURST ReBorn' below...

https://docs.google.com/document/d/1Xk23cNYy1BfV5DNto5FjG-3l1VUDFXETAqHbeyK7rX4/edit?usp=sharing


burst reborn??? paper? white? Weakness of thought and innocence - all in one.


Burst has an innovation (poc), burst has established blockchain (very important), burst has undervalued features inherited from NXT, and implemented uniq one (AT), burst have a small, but strong community.

Burst have't leaders...Sad


 


I don't think I understood a single word of your first sentence.

Most of the team has left for one reason or another. This would be an attempt to build another from the remaining members, and gain new members as well.

We readily encourage the community to help with anything they can, very few actually have.

There are still many edits possible in the paper, as I mentioned multiple times.

I'm not quite sure what your point of posting this is...
1352  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 08, 2015, 06:28:53 PM
Here is a link to my paper, it isn't fully edited, just wanted people to see the ideas that I had proposed to the team.

The document is commentable, so leave a comment (make sure you leave your btt username at the end or beginning) and we can discuss, or you can quote parts and discuss here, or in the burst team chat.


Look forward to seeing the opinions of the community.



Link to Crowetic's Suggestion Document for 'BURST ReBorn' below...

https://docs.google.com/document/d/1Xk23cNYy1BfV5DNto5FjG-3l1VUDFXETAqHbeyK7rX4/edit?usp=sharing
1353  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 08, 2015, 04:18:11 PM
But it seems like instead of accepting a plan with almost everything the community asked for included, it seems that no plan is more favorable to the community. Sucks, but that's what seems to be the case.

Is a formal plan listed in the OP or anywhere for community review? Sorry if I missed this, at one time I had said I would be willing to donate if there was a clear plan or the Dev was back and communicating here with a roadmap of features/fixes. I understand the personal issues but there needs to be a time when another core Dev takes over and outlines a path for change including the associated cost. The current status of "wait for Dev to return" does not seem like the best plan.

I find it very hard to believe the Dev cannot spend 5 minutes to post and say "Hey, I have some personal issues to deal with at the moment, I am still committed to Burst" instead of sending crowetic as a messenger.

I'll be posting a link to my paper soon, just doing a couple modifications to it. But as of now, the entire plan hasn't been seen by anyone but the core team. I will be posting it for the entire community as soon as possible.
1354  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 08, 2015, 02:56:20 PM
Being a new person here not sure what the past issues are with the founding members however..............

No offense to Binladen cause not sure who you are just trying to use a little business sense. It seems everyone is worried about a hostile take over.
a hostile takeover will occurs when one person controls 51 percent of a company.

My advice is if 3 people combine there shares and form a partnership/posion pill/group etc then they can prevent this takeover.

where is the list that shows Binladen shares, is it the rich list or something.

I doubt he's in the richlist because he doesn't hold his coins very long.

I've also proposed a change in the core structure of the team, so that it would be more business like.

Currently a 51% attack isn't possible yet, luckily. But the trends show the network shrinking, this is what we're trying to prevent. Because whether you believe it or not, bitladen isn't the bad guy here.

The problem, is that this kind of attack is even POSSIBLE. This in itself means that our network is too small. If we're legitimately to a point where 51% is a possibility, there needs to be some changes.

Does anyone disagree?

Who here thinks everything is fine the way it is? Who here thinks that everything that has been going on is just fine? Who here thinks that the BURST network is not in a situation that needs change? If you think this, please tell me what you think the future looks like and how we should get there?

The problem I've seen, is that no one has any other ideas, they mostly agree that changes need to be made, but have nothing to offer as far as WHAT should be changed, or WHO could do it. Not only COULD, but WOULD and wouldn't ask for any payment.

The only payment bit's asking for is a change that would help the entire mining community of the coin. A change that would give a reason to not only continue mining BURST, but for new miners to jump in and start.

We all realize that today's crypto market is different than when BTC started, right? There are many different factors that must be taken into consideration when developing a model for the coin. The old school model was fine for BTC, but it seems BTC only is the one that will be successful with this model. Show me another alt with this model that has kept up with the decline.

Do you really think that if we continue this way, that we will have enough transactions on the network to make it worth it to miners at the end when the blocks are mined out?

This mining style is BY FAR the most power efficient, but we've STILL got miners quitting because of POWER? Doesn't that seem crazy to anyone else? Even before the GUI and ease of use for the coin, back when the rewards were higher, there were MANY more miners, coincidence?
1355  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 08, 2015, 02:42:21 PM
The terrorist bit was a little over the top, but was really more just a play on words re: his username. You didn't address the main point though: he is constantly threatening to destroy BURST if his ideas are not implemented (for months now), how can someone like that be regarded as having good intentions or trustworthy or even worth spending time in discussion with?

Also, I really don't see how making more coins, which seems to be the crux of his demands, will attract more miners. If there's no demand for them, it will just drive the price down further and faster. If he hates the emission curve so much, let him launch his own fork. Or let him do whatever he wants to with BURST.

As an aside, I really think his threats are just bs. Not being heavily invested I'd kind of like to just see him ignored, to see if he would actually follow through with his threats. Would exchanges freeze the coin or just delist it? Would people start to side with bitladen or just hardfork a checkpoint and let him try again (or just let it die)?


There is a whole idea set forth that with which the change of reward is only one of the first steps. The rest includes making our decentralized market anonymous, and having a built in btc-BURST exchange so that the market can be used with BTC directly, and many other uses. But the change in reward is the first step to KEEP our current miners. I don't believe that the price would be affected all that much by this change, the price is already low. The cap wouldn't be hit for a while now, and the increase in reward wouldn't be all that much until the network grows anyway. The point is looking at the future.

I have already addressed his "threats" many times, I do not take them as threats because if they were truly threats without any other reasoning, why would he do it in public? He's simply pointing out this is a possibility, and since people don't seem to be believing him, he's saying he will prove it if the situation becomes available.

But it seems like instead of accepting a plan with almost everything the community asked for included, it seems that no plan is more favorable to the community. Sucks, but that's what seems to be the case.
1356  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 08, 2015, 04:31:36 AM
Political power grows out of the barrel of a gun the read heads of a large array of plotted HDDs.
-Mao Tse Tung

I'm not a miner, and not a huge holder. I never had extra TBs lying around, and it was far easier for me to spend a couple hundred bucks trading coins than spending that money plus a lot of time setting up HDDs for mining. With that being said, I agree with Haitch and luxe - threatening to destroy the system you're proposing to improve doesn't exactly provide the impetus for much faith and goodwill from the other members of the system you have designs on commandeering. Also, 10% seems like a huge amount for a dev fund, but hey, I guess ETH got away with it. I do agree something probably needs to be done, in the face of an operational system released by Siacoin (which is about to pass BURST in price per coin, btw), but I don't think it's going to accomplished by negotiating with terrorists to give them control of 10% of the money supply created from here on out and agreeing with their demands to inflate the money supply. I honestly don't have any idea what should be done at this point, but just wanted to chime in that I tend to agree with luxe and Haitch.

Negotiating with terrorists? He's a terrorist now? Because of his name? (which I have always thought /bin/laden was absolutely hilarious.)


10% may be high, easily negotiated. Also, did you not read the part about WHERE the money would go? Certainly not into his hands directly, and not into the hands of a singularly controlled account at all. So to say we're negotiating with a terrorist is pretty far fetched in almost every way.

The fact he pointed out that an attack is possible, and the fact that he will do it to prove it, does not make him a terrorist. It makes him someone who has a very straight forward way of telling everyone of a very serious potential problem. If they don't believe it is a problem, I suppose they can wait and see if it really is or not. Right?


As you say, there are other coins poised to take even more power away from BURST's network.

The main ISSUE here, is that everyone seems to agree something needs to be done, but there hasn't been a single suggestion as to WHAT, or by whom. THIS is the problem, not the fact that the person happens to be someone that the majority may not like all that much.

This is an open source project, everyone can easily look at what has been changed. Not only that, he's agreed to give his tools, miners, pools, etc, upon being accepted. So not only is he going to work for free, he is going to give tools to help the community for free as well.

Basically the only issue people have here, is his ability to prove what he is saying by actually doing it? Or is it that his name is bitladen in this community? If someone gives themselves a name like that, they couldn't possibly ever do anything that isn't terrorist like, right?

give me a break.


I would be extremely excited for an agreement with Haitch and luxe, whom I have a lot of respect for. The issue is that no one else seems to see the need for a change, and/or they haven't submitted a proposal to be looked at.

Anyone here think that I would publicly back bitladen without reason? Anyone here doubt my dedication to BURST? I even said we could implement a 'filter' for his code if people really don't trust him THAT much for whatever reason they have. Even after he releases his tools to the community. So where is the real issue here. He's kinda cocky? Yea, well, that's not something I can do much about. But the thing is, he's not cocky without reason, he's highly intelligent and capable. I prefer those types to be people working WITH me, not against me.

Do you think that if he takes over the development, that he will somehow infect everyone with a virus or something? In open source code? With a filter in place and all? Hell, I would even be willing to post the code for the entire community to review before submitting it to the main git. So what's the real issue?
1357  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 08, 2015, 04:07:36 AM
Ok I have a hardcore idea listen up:

1) The dev or a more sr. member here starts a crowfunding to collect 2-3 bitcoins
2) The person then starts a sig campaign on this forum for full members & above advertising BURST, the BURST forum, or the BURST site, or all 3 of them
3) Tons of new investors/participants/speculators will be interested, and price will be pumped probably above 100 satoshi
4) Miner reward problem resolves, as now miners will be more profitable, more will come, and 51% attack will be unlikely

What do you think people?



(Otherwise just keep buying BURST & its ASSETS)

This isn't a bad idea, however it still leaves us without someone who will be willing to commit to future core development of the coin. Not a bad idea tho, and we might do this regardless to test it out.
1358  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 08, 2015, 03:50:58 AM
Paying for the servers is not a problem - I believe in this coin and want to do anything I can to help it succeed.

You know my thoughts on the block reward - resync it to a 1%/month devaluation.

Bitladen has threatened to destroy the coin - he can't be involved in the development of the coin.

 

Yea, paying for servers isn't a problem for you, for now. It wasn't a problem for me for most of the time either. However, regardless, does it make sense to keep paying for servers for something that isn't being developed, and doesn't even have people willing to come up with a plan to counter bitladen's/mine?

Okay, I do know your thoughts on block reward, and it isn't a bad plan, and could possibly help the situation, but who is going to do this? How will it take place? What are the plans after? These are the things that must be discussed.

Threatening in public as a way to broaden people's thoughts on what is possible, and point out that there ARE some security issues that could be fixed fairly easily by getting a larger network, and simply being the frontman badguy, I still don't see this as a problem. If he is pointing out something that could legitimately happen, and saying he will only do it if it gets to the point that it is possible... but yet also saying... I'm willing to help, I'm willing to give use for the coin, I'm willing to provide core development for FREE, this doesn't sound like a person who is hostile to me. It sounds like someone who has a very direct way of pointing certain things out, yes. But it doesn't sound like someone who is out to destroy the coin. It sounds like someone who knows that there are possibly other people in positions near his own, and maybe these people aren't as up front about the possibilities of the said attack.

let us pretend for a moment, that bitladen isn't the only one with the possibility to do this. Let us also pretend that this person has already plotted multiple accounts. Let us also pretend that this person is totally hostile, and does this kind of stuff simply because they think it is fun, and has no reason behind it other than that. Will this person not attack the network if it is possible for them?

Allowing the network to continue to decrease in size is BAD. The problem, is coming up with a way to reverse the process. You and I both agree that a change in the block reward could do this, we just have different ideas on how much, and how so, and WHO will do it.

I don't immediately say that I'll never support someone who has pointed out an issue with a network, in public, and at the same time suggests a way to fix it, that makes sense.

I have yet to hear anyone say that the plan doesn't make sense. Only that they either think it would be a breach of contract, or that it would be bad (without any real reason.)


If you're totally wanting the coin to survive at all costs, wouldn't those costs include possibly working with someone that you may not necessarily be entirely 100% for in all ways? Does it really matter THAT much that the way he chose to point out that there is a possible security risk, is by being able and willing to exploit it and prove it? You can think of him as a 'pentester' for normal style networks. Right?

I just refuse to take this so called threat as a real threat, not only because it is out in the open, but also because he has suggested a way to fix it, and not only that, volunteered to help implement it.


If he were solely out for his own gain, would he do this? Would he not only want to change the reward structure, but ALSO, implement an extremely good reason for many people to USE the coin? Is this not what many people have said (including you) would bring the 'value' to the coin?


I don't know, I guess I just don't look at him as a negative thing. To me, if he were truly a negative only, he would have plotted anonymously, and continued to increase his power as much as possible, and bide his time, just waiting while the network decreases in size, not coming in to warn people that there is the possibility of this attack, and just attack when he can.

He most certainly wouldn't have offered to help by developing for the coin, and not solely by changing the reward.


If he had come in and suggested he develop for the coin, and given nothing more than "I'll change the reward", I wouldn't have supported that. But he didn't. He came in with many ideas, which I combined with my own, and came up with a structured plan, a future structure suggested, containing almost everything that every community request for change has included. A roadmap with details, a suggestion for changes, and reasoning as to why those changes would do what we think they'll do, structure for the team, and ideas to make things more functional, a way to fund the dev team and give ability for promotion, hiring of other devs, and more...

but all we can do is sit here and say "he's the enemy"? Sorry but I really can't see it that way.

I have had many conversations with him, directly. I can say for sure that he isn't against the coin. He would prefer to implement the changes in BURST as opposed to a clone, because he would like to see the coin succeed. The same reason as me.

The change in block reward is hardly a breach in contract. There was never a contract. Many coins have changed their reward structure, and even you are for a change in that.


So what we're mostly not agreeing on, is the person. To this I still say the same... Who else? Do we even have any way to be able to show a way to FIND someone else? Do you really think that not only are we going to find someone, but they're going to work for free, and not only that, but BUY coins, so that they can work for free, and hope that their work is enough to give enough future value to the coin to make it worthwhile... This seems an almost impossible task.

I am all for the coin having a healthy future, but the amount of other coins out there that are currently much more popular than BURST, do you really think that without some changes, maybe some fundamental ones, that it is going to magically become what we all want it to be?

Hope alone isn't going to accomplish this.

Fighting his attack by delisting the coin from exchanges is suicide. As you said yourself. So are we going to really do this?

I want to know how else we are going to get the network to stop declining.
1359  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 08, 2015, 02:45:41 AM
Crow, I pay out of my own pocket for the current Team server, I'm about to double my out of pocket cost with the the upgrade. I'm working on a bank/anonymous payment service, others are working on other tools. Increasing the block reward will not increase it's value, it'll increase what BitLaden can earn from his dumping. We need to increase the utility of this coin to increase it's value - Giving a botnet master even more reward will do nothing for it's value.

H.


I'm not suggesting a value increase. I'm suggesting an increase in overall usage and network size. It would benefit all miners, not just bitladen. Thus more would join.

I don't think that you paying out of pocket for all of these things is right either. I think a decentralized project with people willing to set up tools and pools for, should be chipped in from the community. Do you find it fair that you have to pay these things out of your pocket for use of everyone else when they don't have to and this will never bring money back to you in any way?

Do you find it unfair that pools have fees associated? With which they're supposed to be able to pay their operating costs? Isn't the overall fee essentially the same idea but just to keep the overall coin being developed instead?

I think also that I did the most honorable thing and converted my pool fee to an asset, and I even run a 30TB miner for the asset as well, this asset is solely for the benefit of the community, and I have thus far not made a profit at all from it. I am not complaining about this, but I'm saying it isn't sustainable forever unless there's growth in one way or another, and the only way to keep the current model working, is by immense growth, which hasn't been happening.

I just have yet to see another proposed idea that makes more overall sense. It solves the issue of the network decrease, it solves the issue of the usage of the coin (which I know most people haven't seen yet, but they will soon when I edit my paper) and it solves the issue of the growth not matching up with the decline in reward and thus causing overall issues we're seeing now.

I don't know what else can be done, but I'm ready to hear other suggestions, unless you believe that everything is perfectly fine the way it is. I for one see the decline in all of the important things, as an issue. There have been no other whole suggestions that would be able to solve these issues.

Regardless of the person doing it, it is an open source project, and we could even implement a review system of the code before it is posted to the main git, or whatever, if trust of the developer is really the issue.

Being an open source project, it is easily reviewed to see if there are things going on that aren't what are said.

I just don't see the other options we have here? Unless you think everything is fine with the things that have been going on lately, and there's no issue here at all, what exactly should we do?

1360  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000 on: September 08, 2015, 02:21:25 AM
Crow, I've worked with you on a number of projects, but these ideas I can't support.

1) BitLaden as the dev. No. He can't threaten to destroy the coin one day then become the main dev the next.
2) Fundamental changes to the block reward . No. Bitladen wants them to enrich himself.
3) 10% block tax to fund devs. NO. If a dev believes in this coin, buy some and profit on their work to increase the value.

As a side note. the Dev team have setup a server for the community to discuss Burst, Crypto currencies, life in general ... head over to chat.burst-team.us to sign up and join in.

H.


I don't take these as threats, and I also think that if he's doing it in public, it is to bring awareness. If someone truly wanted to do this to simply attack the coin, why would they talk about it openly? I think he has an interesting way of telling us that the coin is great, and that he doesn't want it to go under, but it will if we don't make changes. I guess it is about interpretation. But I still say, then WHO? Who will do this? Can do it? I don't even know where to start looking for someone to take over a project of this magnitude. Do you? I welcome suggestions here absolutely.

Okay, then what do we do to keep miners from walking off. Even running my pool is costing me out of pocket. Is this something that can continue forever? Also, like bitladen said, he's not the entire network, this would benefit everyone the same. Even the holders, because I truly believe it would make the coin immensely more popular. Miners are the foundation, bring them, give use to the coin, and the rest follows. Losing miners, and having things cost more than they are making, is bad.

The tax is up for discussion, but you yourself should see how much willingness there is to donate to a project that people call innovative and seemingly want to hold forever, and without these donations, we are expected to come up with the money for promotion, etc from our own pockets? I don't see how this is more fair.


Definitely, everyone join the chat, look forward to seeing you all there. Smiley

I appreciate the opinions Haitch, and you know I respect you greatly, but I would also like to see some counter-suggestions and something we could put into play ASAP. Waiting around for the original dev to return I just don't think is a viable option, do you?
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