**The Final Announcement – Exodus – crowetic’s exit from BURST**Greetings. As many of you have been part of a community that I used to have much respect and love for, I’ve taken the time to give the reasoning necessary to explain myself and give a solid answer as to ‘why’ I am making the decision to leave BURST.
I’ve been with BURST since day 1, and I had VERY high hopes for it in the beginning. It was the most amazing thing I had ever seen (at the time)!
Beat ETH to active on-chain Smart Contracts? Yea!
Mining with low-power awesome-idea HDD space? YES PLEASE!
A cool wallet, web interface, easier to modify, tweakable, pretty… dude, so cool…There were many reasons I immediately fell in love with the idea and platform capabilities… However… it is with the most honest and straightforward intent, that I write this today, after coming to conclusions over the last 3 years and much experience, research, communication with devs… I feel the need to inform the public of the things I have learned, had discovered, come across, and paid developers to check… within the platform that is called BURST…
BURST was built on a clone of NXT, and that doesn’t mean much too many people, as it didn’t to me at first. The visual aspects and things NXT had, and features like the AE, and aliases, other neat things like that, are definitely cool and give it reasons to be considered… But the underlying core code of the thing… leaves a bit more than ‘a lot’ to be desired.
I have spoken with countless coders, some for minutes, some days, some have been friends for years and have completed so much for and with me, both with and without payment, and not a single one with any malicious intent. My ‘opinions’ given here, are in direct relation to my direct knowledge, and what I have come to put together from it.
The things I will say in this post, can be taken as they will… But if you know me, and have dealt with me personally, then you know what kind of person I am. You will know that I’m not doing this because it’s some fun thing for me to do, and I would not come out and do this with anything that wasn’t what I considered to be true. This is what I have learned from all different aspects of things, from smart people. Coders, math experts, hardware engineers, and so many countless others, in my almost 3 years being a person who during most of this period had 85% or more of his entire portfolio in crypto, within BURST…
I had a passion for BURST beyond that of many others, and I thought that no matter what, it would be something that I could do for a long period of time. This simply isn’t true, and I will explain my reasoning within, and also discuss the ‘business side’ of things, near my explanation’s end.bolded text
So take this as ‘my opinion’ or however you feel you should, but this is what I consider personally to be fact (and it took me much research, checking and rechecking, having things verified by others, and doing all that I could to find ways to fix things, before I decided to make this post, and remove myself from the situation.)
BURST, is fundamentally flawed.
The algo is also flawed at a core level.The platform is not scale-able to a degree that would allow for even a full city to use it, let alone the world. We’ve seen that the network literally dies after a few full blocks in a row.
I have even had one of the best coders I know attempt to make a non-gameable version of PoC, and the conclusion was that it would be such a long period of plotting time necessary, it simply wouldn’t be feasible.
Botnets have come back in, which will destroy legit miners coin they earn, but that won’t matter soon, because I firmly believe that at a certain point, the coin price hits a certain height, people will hire people who can build hardware-specific exploit miners, that will officially end HDD mining.
Even if that doesn’t happen, and things stay as they are, not only will legit miners get fractions of what they should, but without significant further investment, there’s simply no chance to ever gain legit majority control again.
I fully believe the algo is able to be exploited, I have many reasons to believe this, and if you’re interested in them, feel free to reach out to me.
The fundamental core of the code, NXT (as explained to me by someone who worked with the original NXT team during development) is ‘complete garbage’. This has been proven again and again during the attempt recently (interrupted by thefts and going back on deals with dev payments, etc…) to update BURST core to NXT newer version core. I don’t feel the need to go further on this, but there is no way that NXT can handle scaling to any real size, it has no potential future as something widely used in any possible way.
The only way BURST can survive, is by total re-build. I had originally put this into plans, and had a platform in mind to build it again, and give it files storage (which is currently already built and working on the platform, and platform will still exist, BURST just will not be built on it due to the obvious feeling of the core of the community, that BURST will not be fundamentally modified. I simply don’t have the intention of going through that whole thing again, so it is what it is.)
The network, as it sits, is in extremely bad shape, if it were a car, it would be rusted, bolts loose in the engine, and head gasket about to blow… I mean, the network can’t even handle maxing the tx limit without forking into 12 coins… There could be the upgrade to NXT core new version, but there are still simply too many flaws there for it to be realistic as a true long-life strong platform. (There is much more I can go into here, we can talk about that in my Discord channel I will post at the end of this post.)
Miners will not want change, as their plotting took ages, and change is hard. So it is what it is, let it play out, see what can be done. See if the people in BURST with money can pay people to help, and do whatever they feel can be.
The network, wallets, nodes crash daily, forking is prominent, even my local wallet gets ‘block not accepted’ about 2 times a minute, all day long, since 1.2.8 came to fruition.
The bottom line is… in order for me to be as beneficial as possible to a project as I can… I need to have ‘that fire’, a passion, and something to think of for the momentum moving forward… I have lost all of that, and really can’t think of anything that BURST can do, change, or add that would give that feeling and excitement I once had for it back to me.
There are simply too many other options that are available to me, and the people who are my close friends and core trusted team (which I would have been more than happy to help BURST along with at one point) that are in so many leagues higher than BURST in function, design, features, usability, core codebase, and basically every possible area, and some I hadn’t even known existed… That I have to go to where the excitement for the tech that will bring back my passion, and make me the person who can help to get the tech seen, and ‘do what I can do very well’, will inspire me (and hopefully others as well) once again, and allow things created that will be exciting for everyone.
I didn’t get into crypto for the same reason most did, I did it because I love the tech. I went to where I thought I had found the ‘golden goose’, (as it didn’t have people with tons of money there at the beginning for it like ETH and others did.) and I wanted people to use the tech. But BURST never even made use of the AT system (which was the most exciting part of it, beating ETH to active Smart Contracts,) and the algo is flawed, core of the platform is riddled with issues, and everything just didn’t go the way I had hoped.
Anyway, enough of that I think, I have more I can say and if you’re interested you can come talk to me in my new Discord channel. Link at the bottom of this post.
ASSET RELATED INFORMATION
Since I will be leaving BURST, my assets will as well.
There will need to be communication with me, especially from the larger holders, and anyone who knows me personally, reach out as soon as you can to discuss options.
I will not be putting a whole lot of detail here, so the people who know me will definitely need to join the Discord channel, and get in touch with me. Private Message there please.
Yes, this is ALL assets I manage, including WorldMine.I have to talk with haitch as far as the portion of BURSity that is backed by the pools, I will let the public know the conclusion when it is drawn. I am willing to give ninja to haitch, and run it for him for 3 months, as well as continue hosting it where it is for a good price (including the VMs for the wallet nodes.)
There will be public buy-backs posted on the AE from a new account named ‘crowetic asset privatization buyback.’ Prices will be as follows…
BURSity (undecided until haitch and I have discussion and figure details out)
BSILVER – 2 BURST each
WorldMine – 1 BURST each
UniBURST – 6 BURST each
Buyback period will start immediately. Assets will make 2 weeks more of payouts.
Payouts have been taking me so much time lately due to BURST issues, it simply takes too much of my time that could be going to something that is a truly life-long project that I can hand down to my son as part of something one day long time from now.
July 10th will be last payout day for all assets. Buyback will drop by 1 BURST, and final buy wall will be placed after last payout is made, WordMine obviously will stay the same.
I am also doing this to make sure to fit within regulation in the US (that may not exist now, but if follows BTC will exist soon enough,) due to threats to me, my family, and fiancée personally, as well as things that have already come from the same direction to a good friend. I simply don’t need that in my life. This was supposed to be something fun, that made some people returns, helped the coin price grow steadily and naturally the way it should have, but all of that was destroyed, and the AE will never come back to the way it was. It is quite unfortunate, but that’s another reason I’ve made this long and difficult decision.
If anyone wants to talk to me, about anything… wants to see what I’ve got planned, and what things are in the works… or simply wants to keep in touch with me, please join my Discord
DISCORD CHANNEL INFORMATIONnotice, if you plan to join the Discord and be any kind of a puppet, say things that are not ‘adult-like’, or generally do anything that I don’t think you should, I will not hesitate a single second in banning you, with extreme prejudice. However, if you’re interested in what has again sparked my passion for the future of crypto, and want to be around to get updates or even if you’re just curious, come join.
Feel free to talk about anything you like, share opinions, suggest channels, form your own project ideas based on what information I will provide in the future, or whatever, please do so. I want creativity, and technology freaks to come join the idea we’re moving forward with.
I do NOT want drama. Drama will be executed without hesitation. This is not what I’m after. I do not want greedy people either, (nor people who don’t understand basic things) but yet feel the need to make nasty comments. If your intention has anything to do with this, please do everyone who actually cares and wants to see some cool stuff a huge favor, and stay away.
I’m sure there is much more I could say in this post, and I’m not planning to actually ‘go anywhere’ just don’t have the time for the consistent headaches and defaming, constant threats to myself and my family, etc… and nonsense from certain people in BURST any longer. I have made crypto my life, my business, and my future… So that must be with something that I believe capable of doing what is within the scope of the possibility that exists for blockchain tech.
Here is the Discord link, anyone that is a friend of mine, or people who want to see what I will be doing in the future, come along. Anyone who plans nonsense or has anything negative they feel is something that they want to do… are going to want to ignore the following link.
https://discord.gg/qWX85Ys-crowetic
