2.1B coins total and 1B has already been mined... hmmm...
Before I invest in this, any reason this coin should appreciate in price? What's the use for this?
The only reason do want to put some BTC in it is because I want to take a risk getting into something cheap (currently ~60 sats)
There are many reasons for mining, trading and holding burst, most of which have been extensively discussed in other threads and the burst-team forum, however one of the most impressive feats of this coin is its adoption rate which has been growing steadily from the beginning of the year and at an even faster rate since may. and I will give you some stats to back that up:
windows wallet downloads from 2016-06-01 to 2016-08-29: 7656
windows wallet downloads from 2016-01-01 to 2016-05-31: 1729
Number of
full nodes: 2027
Number of wallets: 36409
Number of transactions: 3530733
Number of trades on Burst decentralised asset exchange: 7845
Number of users registered on
http://forums.burst-team.us:4567 : +1000 (I stopped counting after 1000 was reached)
http://forums.burst-team.us:4567/ page views: 07-2016 : 272553
08-2016: 397607
http://forums.burst-team.us:4567/ unique visitors: 2067
Network hash rate: averaging +10PB
Your statistics are greatly appreciated!
The above, plus this...
BURST to develop a truly decentralized coin exchange portal, which at first won't be great for day trading, but we will likely carve a nice niche listing active coins that didn't have the volume to stay listed on 'typical' exchanges.
Also, BURST and extended BURSTKORE teams are working on several business models which will all be fully decentralized, if not released that way. These services will provide many useful things to the people who use them, in a totally unhackable fashion.
BURST will be doing a PR campaign in which it will challenge the world to hack one of its Smart Contracts, with over 100 Million BURST coins in it, donated partially from myself, and partially from other true BURSTcoin believers.
BURST to release the 'Decentralize Your World' campaign, in which it will show the benefits of decentralization on a completely attack vector free system.
There will be companies built on top of BURST in multiple ways, from email to Decentralized person to person Marketplace (which is already in existence, but will have a nicer UI, support team for resolution of issues that decentralized automated escrow that BURST has can't take care of, and much more.)
We are very serious about our project, and so are the members of the world wide team of professionals that are dedicated to the project.
We are pitching a few of our company ideas to Angel Investors soon too, as well as starting assets and crowdfunds to get more funding for development and promotion. Promotion being the key thing we haven't had a ton of funding for until more recently.
Since the coin was released without IPO, or premine, every coin that the team has was either bought, mined, or acquired by offering a service on BURST chain, or a mining pool.
We believe this is the right way to do things. This leads to more trust, and leads to the understanding that the people working on the project, are ones who truly believe in it. Which also leads to more trust.
The team as it sits is diverse, extremely intelligent, and extremely capable. There is nothing stopping us from providing a truly world-class solution to multiple problems that we see both inside and outside the crypto space.
The Smart Contracts that BURST has, are more secure, and more rigorously tested than the ones that ETH bring to the table, and it is my wholehearted belief that the Smart Contract system that BURST has will be bringing some truly revolutionary things to the table, such as some of the world firsts that have already been completed...
1. FIRST coin to have Smart Contracts period.
2. FIRST coin to have decentralized automated lottery bulit on the chain
3. FIRST coin to do a direct cross-blockchain transfer with QORA (of which I have now also taken over leadership of the team for QORA)
4. FIRST coin to be actually MINED via hard drive space, utilizing almost no electricity, and securing the chain better than PoW traditional, and of course better than PoS.These things above are not widely known, and we're working on that. Once this comes to the minds of the people, they research the coin, and find out that everything I have always said was true, see how things are going now, the massive uptick in users, and various statistics all in BURST's favor... you'll see the sleeping giant come awake, at this point the news outlets will pick up stories on BURST free of charge.
Until that point, we're getting more PR out there, and making sure people notice the coin that innovated so many world firsts that others are now trying to claim as their own, and BURST will get mention when Smart Contracts are mentioned, as being the FIRST to have them working, over a year before ETH did.
Thanks everyone, and a prosperous future for BURST!
