[ANN][BWK] BULWARK | NO ICO | Masternodes | Accelerated PoW | Seesaw PoS/MN

[lyolyalya]

The real supporters have been the long term investors and MN owners.   Miners just mine and dump whatever coin they can make the most profit on at the moment without a care for what damage is done.  It's unfortunate to see the dev's inability to see and understand these factors.

market cap is 7 million now...ok...it's not big money to buy all the coins available...decentralized?not sure...

[1714830844]

1714830844

[Bunzz]

Baikal is too lazy and slow to release new Algo's and I think the X10 is done with new algo's they gave 2 extra as advertised and now I'm sure they are working on new hardware.... Poor Baikal, or i should say their customers.  They have taken a beating the last 2 miner's they have released the coins either forked or just not very profitable esp since they got marked up the miner's like 5x..... hope miner's learned their lesson over paying for equipment, they either have nice doorstops now or ROI of like a year unless there are more forks!! Maybe it will slow down the greed in this market and back to the people that mine for the good of the people rather than pure profit!!

[lton]

is voting over now?

[BWK LyGhT1337]

is voting over now?

No, it is not over yet.

[lton]

is voting over now?

No, it is not over yet.

I must be having a senior moment then as I can figure out how to vote! The voting options at the top of the page do not seem to be active?!

[Luc56]

I thought u guys are a bit more experienced in stuff like algorithms. ASICs chips can only mine a specific algorithm, so the baikal x10 had 6 or 7 different chips and they just activated them with a firmware. So they need a new ASIC for the new algorithm. Sure its possible, but if you guys make it for them complicated as possible, im sure they will have problems. So I would take option #1. Just change the algo to something really complicated algorithm. Take a look at cryptonightv7,lyra2rev,x16r or you just create a new kind of algorithm if your team is experienced im sure this will not be a problem for you guys.

lol loud and wrong smh

[Eatbatterys]

is voting over now?

No, it is not over yet.

I must be having a senior moment then as I can figure out how to vote! The voting options at the top of the page do not seem to be active?!

I don't believe BCT allows new users to vote on polls. I can't say for certain, but that would be my best guess as to why you're not able to vote.

If you'd like to join our discord at https://discord.gg/2dveH2 , we have the poll up there as well for users to cast their vote on, even if brand new.

[lton]

Thank you. Vote cast on discord. Keep up the good work.

It was between option 1 and 2 for me...was going to vote for 2 but at the end went for option 1. Here is why:
I got into mining last summer. I came across bwk at the beginning of the year on a mining channel. I did not mine it, I bought coins and set up a MN. It has been a rollercoaster ride but I am still around. So the cut the long story short....the BWK roadmap makes sense to me and I am looking forward to pos. I am happy to get to pos sooner rather than later. However with recent developments if BWK does the pow algo switch this can be an opportunity to attract displaced gpu miners to BWK. In most cases gpu miners are enthusiasts who will spread the word, help the coin to gain traction and the community to grow.

[BWK_VoxTerra]

There's really no upside to continuing POW. Only downsides, lower prices, and malicious or unintended forks.

Upsides to continuing PoW, just for the sake of argument-
1. Continued free publicity via WTM/Crypto-coinZ/Crypt0-zone
2. More opportunity for small buyers to get in with less risk
3. Far easier to build a userbase and community via mining than staking.

[homey108]

There's really no upside to continuing POW. Only downsides, lower prices, and malicious or unintended forks.

Upsides to continuing PoW, just for the sake of argument-
1. Continued free publicity via WTM/Crypto-coinZ/Crypt0-zone
2. More opportunity for small buyers to get in with less risk
3. Far easier to build a userbase and community via mining than staking.

1.  Free publicity to bring more miners.  Not investors, not buyers. Miners/Sellers don't invest their $$$ in a way that helps the coin.    Their money goes to hardware vendors and electric companies.  Then they sell/dump on the exchanges.  We don't need this kind of publicity.  Compare this to MN owners and Stakers, they are incentivized to first BUY, and take coins off the market and hold them.  They help the community and other investors by stabilizing the price.  The miners just mine and dump.

2.  Far far more risk in buying mining hardware and setting up, than simply buying the coin and staking/MN.

3.  See #1.   What kind of  "community" are you looking to build?  The "community" that only takes?  That switches from coin to coin with lightening speed chasing profits, and then dumping those coins on the market and often straight into the bids?  That's not community.  Those are not loyal holders and buyers.

Sure there are a very very small number of miners that do end up buying and holding bwk and are great to have in the community. No doubt about it.  But they are a small  minority in the greater sea of miners.  Most don't care one bit about the coins they profit from, or the long term future and health of the network.  For example: If they can all pile into one pool to make more money, they do it, regardless of the consequences for the network.

[Eatbatterys]

Thank you for providing your feedback. I've said this a few times in general chat but I'd like to reiterate in an official capacity that this vote is not a guarantee that any particular choice will be implemented by The Bulwark Team. It was a means to gauge community interest in each option to be taken into consideration while we discuss internally.

Please allow 1-2 days for us to discuss amongst ourselves while weighing the pros and cons of each option. Our goal is to provide the best option for Bulwark to continue in a healthy and successful manner for the long term. Once we've finalized a decision, we will provide another announcement, provide our reasoning for doing so, and commence work immediately.

Thank you for your participation and support!

[lyolyalya]

There's really no upside to continuing POW. Only downsides, lower prices, and malicious or unintended forks.

Upsides to continuing PoW, just for the sake of argument-
1. Continued free publicity via WTM/Crypto-coinZ/Crypt0-zone
2. More opportunity for small buyers to get in with less risk
3. Far easier to build a userbase and community via mining than staking.

1.  Free publicity to bring more miners.  Not investors, not buyers. Miners/Sellers don't invest their $$$ in a way that helps the coin.    Their money goes to hardware vendors and electric companies.  Then they sell/dump on the exchanges.  We don't need this kind of publicity.  Compare this to MN owners and Stakers, they are incentivized to first BUY, and take coins off the market and hold them.  They help the community and other investors by stabilizing the price.  The miners just mine and dump.

ok.let's say.you have your $10k and i have my $10k.you are buying bwk and i buying hardware 2 month ago.bwk at 5$.now it is at 1.3$...your investment 1|4.are you going to sell it?no.i mined bwk last 2 months at price decreasing.am i going to sell it at 1.3$?no.any way.so who is investor?i mine it?you are buying it=)yes.theoretically with yours efforts price will going up...aaand.lets say that bwk will be at 500$.would you sell it?i don't now...maybe...at least 100x - is a good invesment.and i will sell it for sure.you are right.and i will dump it.yes.BUT.you can buy it with less price and do some X's again...if noone sell it then who will buy it?

[homey108]

 Miners don't provide a service by selling. That is a dis-service.  It's also not important since there will be still sellers without miners.  The less sellers, the better.  Price in free markets is always set by supply and demand.  Less sellers (less supply) will eventually take the price higher unless demand is non-existent.  We don't want sellers, that's the opposite of what is needed.   If there weren't so many people dumping into the bids, and instead, refusing to sell, the price would rise.

Then when the miners all jump in one pool/group or superior hardware such as fpga's concentrates the hash power, then we see unintended or malicious forks.  As these forks keep happening, investors lose faith in the dev's ability to keep the network stable and teh price dumps even more.

None of this would be an issue with POS.

[lyolyalya]

hmmm...okay...will support only pow coins in future...

[homey108]

Haha...  Maybe no need to take it to the extreme.     For now, bitcoin is doing fine on POW, as are many other coins.

But honestly, I do fully believe that mining is going to be the Achilles heel of crypto going forward, as Moores law and the advancement of hardware technology remain a constant challenge.  The goal posts are constantly changing and no tech is future proof.  There is a very large financial incentive for people to exploit and take advantage of systems built for older tech/hardware with their newer, faster, more efficient machines. The time from concept to completion will also continue to drop as they move  beyond the limitations of ASIC's and combine technologies that can be modified or programmed as needed.  The cost of doing so will also continue to drop.

[larrysm]

I made a video about why asic miners are bad for bulwark

I am also hosting a giveaway on 15 BWK!

https://www.youtube.com/watch?v=EbuNvvHNg_U

[scionscape]

I made a video about why asic miners are bad for bulwark

I am also hosting a giveaway on 15 BWK!

https://www.youtube.com/watch?v=EbuNvvHNg_U

Ah, I appreciate your opinions.

[zayzik]

 who the heck is building buwark-specific chips?if anything they're applying ASICs designed for btc or ether
which in turn is technically not ASIC for bulwark

[Digital Drug Lord]

why are the bulwark mining rewards so low?


bulwark only makes 0.24 cents a day on my rig!

[bones261]

who the heck is building buwark-specific chips?if anything they're applying ASICs designed for btc or ether
which in turn is technically not ASIC for bulwark

Here is the product. http://www.baikalminer.com/product09.php#a
Technically, it's not based on ASIC chips, but rather FPGA chips. FPGA are less efficient than an ASIC. However, you can reprogram an FPGA to do another algorithm. This is not possible with an ASIC.