[ANN] Boomcoin|An scalable anonymous currency system based on Proof of Capacity

[TimeTeller]

Do you have a team? Can you provide information about them, such as professional link to profile (linkedin), photos, etc?

Yes. We have a team, but we do not want to be disturbed. We choose to be anonymous, now and in the future.

You are creating a project and you do no want to be disturbed?
But are you always available to answer technical issues thrown by the community?
You are conducting presale so I don't think potential investors will like the statement that you don't want to be disturbed.
Also, other links are not yet working- block explorer, source code? Are you going to publish it?

[1714192276]

1714192276

[noaheelo]

So, this is closed source too?

Another pyramid scheme like BHD...neato. Buy more coin so you can mine more coin so you can hold more coin so you can mine more coin.

The core team is debugging the Boom code. We will open the source code when the system is more stable. Boom is a code fork of Burst, inherited a lot of features like smart contract, asset issuance, crowdfunding and various features. I am looking forward to the explosive development of Boom after opening the source.
Boomcoin learned from the coin-holding model of POS and increases mortgage for mining with Boom. Enjoy!

[noaheelo]

You are creating a project and you do no want to be disturbed?
But are you always available to answer technical issues thrown by the community?
You are conducting presale so I don't think potential investors will like the statement that you don't want to be disturbed.
Also, other links are not yet working- block explorer, source code? Are you going to publish it?

Anyway, this is our decision after discussion, and it may change in the future.
We will solve the technical problems here for the time being.Later, in telegram or elsewhere. But not now, it will consume our energy. As you know, many programs are still being developed and tested.A lot of work..
Of course, we will publish the source code, but not now.

[eulenstein]

Love the concept of HDD-mining. first there was BURST, then came BHD, volume, spacemesh and chia are announced for Q3/2019 and now BOOM - dont know which one will survive or perform best, but it seems a good idea not to dismantle and sell your HDD-mining rigs just because BURST fucked up. and thx for not beeing PoC-Consortium

[leigi277]

The contract address can't see how to transfer BTC? Always queued, ended with failure, very bad experience

[jleoshao]

The contract address can't see how to transfer BTC? Always queued, ended with failure, very bad experience

+1

[noaheelo]

Love the concept of HDD-mining. first there was BURST, then came BHD, volume, spacemesh and chia are announced for Q3/2019 and now BOOM - dont know which one will survive or perform best, but it seems a good idea not to dismantle and sell your HDD-mining rigs just because BURST fucked up. and thx for not beeing PoC-Consortium

Glad to see you! Boomcoin needs your support. It is quite a great plan.

[noaheelo]

The contract address can't see how to transfer BTC? Always queued, ended with failure, very bad experience

There's been a rush on presale. Exceeded our imagination. 

[Kasperiko]

Do you have a team? Can you provide information about them, such as professional link to profile (linkedin), photos, etc?

Yes. We have a team, but we do not want to be disturbed. We choose to be anonymous, now and in the future.

You are creating a project and you do no want to be disturbed?
But are you always available to answer technical issues thrown by the community?
You are conducting presale so I don't think potential investors will like the statement that you don't want to be disturbed.
Also, other links are not yet working- block explorer, source code? Are you going to publish it?

Sometimes surprised by projects like this.
They come to the forum to show their product, but when people come up they hide it.
With these methods you are not far away guys you need to be open to earn the trust and money of the community.

[rico666]

The core team is debugging the Boom code. We will open the source code when the system is more stable. Boom has borrowed Burst smart contract, asset issuance, crowdfunding and various features.

This is bullshit. BRS (The Burst Reference Software) is GPLv3.

If you "borrowed" code of it, (which you didn't by the way, you simply forked the whole code base and added some own extensions such as PledgeService etc.) then your code is also GPLv3 and withholding the source is a violation of the GPLv3 license.

Analyzing your diction, I'd say the "development team" is a weird mixture of BHD guys and some former BurstNation "developers". Maybe you would like to add websockets too? 

In any case, using Java which has a nifty bytecode that can be decompiled pretty well proves your GPLv3 license violation, so cut the shit please.

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I'm not against this project per se - any PoC coin instance can be valuable IMHO, but please try to maintain a slightly more professional approach.

[rico666]

And while you are at it:

https://twitter.com/PoC_Consortium/status/1066770865222750208

It is really very easy to ramp up the TPS of this coin, so you should maybe consider changing a few parameters to start out with a much higher TPS.

• You could raise the Multi-Out to a comfortable 128 (Burst: 64) and Multi-Out Same to 250 (Burst: 128). I wouldn't go over 255 as that would require a change in the format.
• You could raise the number of possible transactions in a block from 1020 to ... idk ... 2048? and the max Block size from a very understated 175KiB to some 512 KiB.

This should give you something around 500 TPS instead of the max. 80 TPS of Burst. Alternately you could lower the block time to 2 minutes which would make fork resolution still bearable, would improve this coins usage as payment system (confirmation times) and - of course - double the tx capacity.


You're welcome.

[noaheelo]

This is bullshit. BRS (The Burst Reference Software) is GPLv3.

If you "borrowed" code of it, (which you didn't by the way, you simply forked the whole code base and added some own extensions such as PledgeService etc.) then your code is also GPLv3 and withholding the source is a violation of the GPLv3 license.

Analyzing your diction, I'd say the "development team" is a weird mixture of BHD guys and some former BurstNation "developers". Maybe you would like to add websockets too? 

In any case, using Java which has a nifty bytecode that can be decompiled pretty well proves your GPLv3 license violation, so cut the shit please.

---

I'm not against this project per se - any PoC coin instance can be valuable IMHO, but please try to maintain a slightly more professional approach.

Yes. Boom is a code fork of Burst. We will open the source code when the system is more stable.

[noaheelo]

And while you are at it:

https://twitter.com/PoC_Consortium/status/1066770865222750208

It is really very easy to ramp up the TPS of this coin, so you should maybe consider changing a few parameters to start out with a much higher TPS.

• You could raise the Multi-Out to a comfortable 128 (Burst: 64) and Multi-Out Same to 250 (Burst: 128). I wouldn't go over 255 as that would require a change in the format.
• You could raise the number of possible transactions in a block from 1020 to ... idk ... 2048? and the max Block size from a very understated 175KiB to some 512 KiB.

This should give you something around 500 TPS instead of the max. 80 TPS of Burst. Alternately you could lower the block time to 2 minutes which would make fork resolution still bearable, would improve this coins usage as payment system (confirmation times) and - of course - double the tx capacity.


You're welcome.

Thank you for your attention and for your very important suggestions.
Raising the Multi-Out is an idea we never thought of before. It is very helpful. Regarding TPS, we have also been discussing it over and over again. We will improve it in the future.

[Caztiel]

I see it works some what like BHD... You need to hold atleast 30 Boom Coin to get 95% of the block rewards... Do where is this 30 Boom coming from ? Presale or Free Distribution for Initial Miners ?

[rico666]

Yes. Boom is a code fork of Burst. We will open the source code when the system is more stable.

Well, I am not the FSF, but once again: You do not get to decide that.

Once you published Boom (which you did for the TestNet already), you have to publish the source too. The GPLv3 license requires it unconditionally.

And not when you decide to do it. Your mode of operation basically is similar to BHD (where the authors also decided to "open the source once the system is stable"). Which means exactly 2-3 things:

• You suggest your code is not stable.
• You start out your coin in an illegal way. Please be aware that everyone running a node is subject to ISP take down notices and license violation lawsuits. Now this may not bother you(?) in some anonymous way and behind some great firewall of China, but if you want people to run the nodes in sane jurisdictions, it becomes a problem.
• It may hint to a security by obscurity concept. You believe that you gain security for the coin by obstructing access to the code. In a business such as cryptocurrencies, where strong cryptography and proven mathematical concepts are key, obfuscation is a very weak protection.

[eulenstein]

why trust rico666? some even say he killed burst. PoC-Consortium cheated the community. Now they want to charge miners a high fee when using helix. so much for the topic "professional approach"

[feyd27]

why trust rico666? some even say he killed burst. PoC-Consortium cheated the community. Now they want to charge miners a high fee when using helix. so much for the topic "professional approach"

how can a coin be killed? please, enlighten me. i'd really like to kill a couple (hundreds), so i could really use the info. for the benefit of all cryptocurrencies.

seriously:
burst is very alive and a new roadmap is out - allegedly with the dymaxion it. that much on the topic of "killing".
PoC Consortium cheated on nobody - the burst community simply decided to not like the aspera wallet license, and the PoC Consortium heard the community opposition and moved on: https://www.reddit.com/r/burstcoin/comments/a6o592/i_do_not_support_aspera/ and gave significant resources to the BMF (burstcoin.ist, burstwiki) and still keeps operating the explorer and helping the BATs get in touch with exchanges.

as for helix, you might want to check out the reasons why it is a closed source software that comes with a license that has to be paid: because the R&D costs, and even with the license price, it is still the cheapest TB one can buy for PoC mining - which will significantly level the playground, especially between the ~PB and smaller (50-100 TB) miners.

[rico666]

why trust rico666? some even say he killed burst. PoC-Consortium cheated the community. Now they want to charge miners a high fee when using helix. so much for the topic "professional approach"

This thread is about Boomcoin and not about some whackos' perception of reality.

"Some even say I eat babies." So what?

What I wrote about obligations that the GPLv3 license brings, you can read it up yourself if you "don't trust me" https://www.gnu.org/licenses/quick-guide-gplv3.en.html

Sheesh. I will even paste out the relevant passage for the tl;dr Dyslexion    guys out there:

Protecting Your Right to Tinker

Tivoization is a dangerous attempt to curtail users' freedom: the right to modify your software will become meaningless if none of your computers let you do it. GPLv3 stops tivoization by requiring the distributor to provide you with whatever information or data is necessary to install modified software on the device. This may be as simple as a set of instructions, or it may include special data such as cryptographic keys or information about how to bypass an integrity check in the hardware. It will depend on how the hardware was designed—but no matter what information you need, you must be able to get it.

If I insisted on obtaining the source for Boomcoin now (because I wanted to tinker with it, or even make another clone) and the Boomcoin author(s) would not comply, I could take this to the FSF.

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As per your vomitory about Helix license: Yeah - duh! It's commercial software. We're not charging "high fee", we simply sell licenses for that software. It's not mandatory dummy, it's simply an investment for PoC miners - just cheaper than buying HDDs.

"Eulenstein", I do know that it doesn't matter what I write here, you made it perfectly clear in your little text that you are not to be rationalized with.

[noaheelo]

I see it works some what like BHD... You need to hold atleast 30 Boom Coin to get 95% of the block rewards... Do where is this 30 Boom coming from ? Presale or Free Distribution for Initial Miners ?

We had a pre-sale plan. You can buy BOOM from people who participated in it, in order to mine, or mine without a mortgage.

[noaheelo]

why trust rico666? some even say he killed burst. PoC-Consortium cheated the community. Now they want to charge miners a high fee when using helix. so much for the topic "professional approach"

In terms of Burst technology, rico666 does have a better understanding than most people. His suggestions on Raising TPS has also been helpful to us.