[ANN][BURST] Burst | Efficient HDD Mining | New 1.2.3 Fork block 92000

[IncludeBeer]

Changing the block reward would be unfair to anyone who made decisions based on the stated supply and distribution schedule. Nothing is perfectly distributed, but I don't really see it being that bad. Excluding the stuff we can't tell apart sitting in exchanges, the next highest address has a little over 2%. I don't see adding more coins which will probably just end up flooding the market being a solution for anything. Theres a lot of things I would have done differently in retrospect but I don't think block reward is one of them.

And coin dying would be more fair? Where are these people you talk about? Let's talk to them see what they think.

I think increasing rewards is better than coin dying completely. I'm not making a threat here. Coin is dying right now, and I haven't got anything to do with this. I still have 16m burst or so, I actually kept most of the coin.

Let's talk to these holders, I hereby invite them to post something on this thread

I think that changing the basic rules of the coin is very bad, everybody bought into this given the original settings, and they (at least I) trust that the coin was NOT like some government run fiat currency where they change the rules on you all the time.


I suggest you make a copy of BURST and set the settings differently, then the best one will win out in the end, or they will both thrive, serving different needs.

I agree completely.  While I'm not in love with the reward system, changing it any way would completely cheat every person who's invested in this coin.  You might as well just create a new coin if you're going to change the reward system after this long.

[go6ooo1212]

IMO Changing coin circulation is a bad idea. That's all I have to say on that. Bitladen is obviously NOT an idiot, he's a pretty darn clever person. I disagree with him on a lit of things, but there is one thing I do agree with him on, and that's bounties for development, and the bag holders. Seriously, BurstDev has put in hundreds of hours, and all you miners give him nothing, apart from crap when he's a little silent. Now why not rather support BurstDev, and perhaps other devs(if bitladen wrote us some code and burstdev reviewed it and we paid him a fair price, well, why not?).

Also, callmejack's idea f the messenger, well, mczarnek and i have been discussing the options for that for a long time, and have come up with some pretty decent ideas, although there are still some flaws. I actually did read his posts, which i will do now. I think also, that instead of trying to store stuff in our plots, we should build, like callmejack said, some sort of service which allows you to use burst to buy cloud storage. This would be like storj using the mastercoin network for it's actual coins. This would allow those with bandwidth and storage to get burst by renting out cloud space, and then those who would rather not spend their bandwidth(your average home user) could just mine burst, securing the network. Also, it would be auto switching for those who want to use their bandwidth, if there is not demand for cloud storage, they just mine burst.

In this way i believe burst would be able to easily overtake storj, sia, and maidsafe, seeing as it has so many other awesome features. Not, I only have about 2 million burst, but I would be willing to give a QUARTER of that for this to be implemented, that's 500k burst. Now, all you other bagholders, why wouldn't you do the same? We could easy raise 20 + mill burst for it and get it done!

So, let's go get storj and maidsafe! I would also give 150k burst for a bounty for decentralized irc.

Actually the decentralized storage platform got huge interest in SIA. This is something that Burst should have done long time before ,I believe. I'm strongly for such development either..
EDIT: and will donate for it too...

[pinballdude]

Miners are paid by transaction fee. The more transactions, the more money for the miners.  The distribution phase pays the miners extra, but that is just to get the coin out there on many hands. If you think your mining operation doesn't make you enough money, sell some of the disks, see the reward go up by difficulty coming down, and make more on the remainder of your disks.

or fund development of new features that generate more transactions

inflation is the silliest thing ever. It makes it expensive to use BURST as a store of value. I would get out of burst at once if it had inflation. Inflation is the miners stealing money out of the pocket of all the ordinary users of BURST

[pinballdude]

I think you need a lot more than 51% diskspace before you successfully can do anything - and you would need to keep that capacity for a long period of time.

Anyway, should you succeed, burst would probably just be released in a new version that discards your fork, and that version would be the old burst witout the attackers.   The attackers can then release another version, and keep their fork going with that. Basically BURST would've split into two, and miners and users would have to choose what to mine and use.

LOL, what stops me from forking your new chain then? And with mining compromised, how do you determine which chain is the right chain?  Frankly, you have no idea of what you're talking about. Cryptocoins heavily depend on mining, there's no going around it.

So how exactly would you do a 51% attack on burstcoin, given that it is coded from the ground up totally independent of the bitcoin code. There are some things that are different enough that the 51% attack needs to be quite a bit different. Do a walkthrough with 10 nodes for instance..

Let us know that you have the technical knowhow, and is not just trolling, trying to scare people into selling their burst before you pump and dump it.

[unsoindovo]

New updates coming and pump is inevitable ... .

i hate pump!!!
the pump is inevitably followed by dump!!!
and this is bad for burst ecosystem!

[Takeshi_Kovacs]

IMO Changing coin circulation is a bad idea. That's all I have to say on that. Bitladen is obviously NOT an idiot, he's a pretty darn clever person. I disagree with him on a lit of things, but there is one thing I do agree with him on, and that's bounties for development, and the bag holders. Seriously, BurstDev has put in hundreds of hours, and all you miners give him nothing, apart from crap when he's a little silent. Now why not rather support BurstDev, and perhaps other devs(if bitladen wrote us some code and burstdev reviewed it and we paid him a fair price, well, why not?).

Also, callmejack's idea f the messenger, well, mczarnek and i have been discussing the options for that for a long time, and have come up with some pretty decent ideas, although there are still some flaws. I think also, that instead of trying to store stuff in our plots, we should build, like callmejack said, some sort of service which allows you to use burst to buy cloud storage. This would be like storj using the mastercoin network for it's actual coins. This would allow those with bandwidth and storage to get burst by renting out cloud space, and then those who would rather not spend their bandwidth(your average home user) could just mine burst, securing the network. Also, it would be auto switching for those who want to use their bandwidth, if there is not demand for cloud storage, they just mine burst.

In this way i believe burst would be able to easily overtake storj, sia, and maidsafe, seeing as it has so many other awesome features. Not, I only have about 2 million burst, but I would be willing to give a QUARTER of that for this to be implemented, that's 500k burst. Now, all you other bagholders, why wouldn't you do the same? We could easy raise 20 + mill burst for it and get it done!

So, let's go get storj and maidsafe! I would also give 150k burst for a bounty for decentralized irc.

That must be the best idea yet for promoting Burst into something that is used in the real world and that will give Burst purpose, utility and value.

If you look at the model offered by Maidsafe and others, they do not offer a promise to use all of your storage, all that they have is a proposal to allow a capacity farmer to get paid for some proportion of offered capacity. If I pointed all of my available storage at Maidsafe, how much could I actually monetise? 5%? 10%? I would still want to do something else with the remaining space - I would use it for Burst.

Suppose that I can dedicate 40TB to the network and Burst offers me the chance to have plots or to sell storage space as the demand for space grows. As I get deals to store data for other people I can delete plots to make way and then, if demand for storage drops, I can replot for mining.

If you had such a system,you could use some of the features of burst to good effect. Smart Contracts/Automated Transactions could be setup to ensure that good faith actions would always be rewarded and anyone trying to game the system by failing to store data as contracted or by trying to avoid paying for storage if they did not need to retrieve data would be penalized. I have a design for a scheme that would achieve this in a framework of smart contracts and automatic transactions.

Best to discuss detail away from the forum as it would involve intricate discussions of crypto methods that would be arcane and irrelevant to most folks.

I'd be willing to pitch in with development on this if it would help burst.

[bitladen]

So how exactly would you do a 51% attack on burstcoin, given that it is coded from the ground up totally independent of the bitcoin code. There are some things that are different enough that the 51% attack needs to be quite a bit different. Do a walkthrough with 10 nodes for instance..

Let us know that you have the technical knowhow, and is not just trolling, trying to scare people into selling their burst before you pump and dump it.

HAHAAHAHAHAHAHHAHAHA. It's actually easier to do it with burst, since you get the benefit of knowing the deadline.
But why would I have explain myself to you? I have 17% of the mining power. Need I say more?

But if you do want to talk to me, you need to qualify.
Do you have some 100s of TBs mining?
Do you hold more than 5 milion burst?

I really want to talk to these people. If so, PM me.
Other people, I'm really not interested in wasting time with.

[bitladen]

IMO Changing coin circulation is a bad idea. That's all I have to say on that. Bitladen is obviously NOT an idiot, he's a pretty darn clever person. I disagree with him on a lit of things, but there is one thing I do agree with him on, and that's bounties for development, and the bag holders. Seriously, BurstDev has put in hundreds of hours, and all you miners give him nothing, apart from crap when he's a little silent. Now why not rather support BurstDev, and perhaps other devs(if bitladen wrote us some code and burstdev reviewed it and we paid him a fair price, well, why not?).

Why don't you guys start some crowdfundings.

Say, let's give BurstDev and the other people who developed this some 100 million burst for all their work.  
I think that would be fair.

Launch other crowdfunds too, like the one for mixer that I suggested.
Or other interesting things.

Since I hold about 16M (or something like that) I will contribute with 1.8% to any of these crowdfundings.

Why do these people baghold on their burst. They can't possibly ever sell even half of it at the kind of volume this coin has. Why not give to developers? And for that matter, why not give more to miners.
In either case, I like the idea.
Just don't bag hold. At least fuckin pump. Or at least dump!! Alright. If everybody just sits on their coins waiting to become millionaires in the future, guess what: It's not happening!   You have to either pump (i.e. put buy orders) or spend your coin somehow: either donate, increase rewards or just dump.

I think what I'm saying is pretty much proven, I keep saying this since I first shown up in here, and the market has only proven me right all this time

So if anybody knows how to use crowdfundings, please make a tutorial somewhere and launch some as well. Burst has this feature, let's use it.

[bitladen]

I agree completely.  While I'm not in love with the reward system, changing it any way would completely cheat every person who's invested in this coin.  You might as well just create a new coin if you're going to change the reward system after this long.

Unless they agree! Why wouldn't they agree. Burst is going to hell right now. I want to talk some sense into these people. Where are they? Please, if you are a bagholder, post on this thread.

If they don't even bother to talk to us, it kinda means they are ok with whatever we decide.

And why are you so concerned about others? Do you hold burst or not?

[bitladen]

So, I got 17% here, we need 33% more.

Anyone who's not with me is against me. If the 51% is formed, all the others will be orphaned by us. More money for us.

But then again, why would a miner be against me? Maybe because he's also a bagholder. Fuck bagholders. They killed this coin

I'll just state right now that I'm 100% against you.

Bitladen is a Greedy Bastard, plain and simple!

He has some how manage to amass a fairly large amount of hardware but he doesn't give a shit about the coin or the project. He has dumped everything he has ever mined, check his wallet balances. It's all on the exchanges.

No person in their right mind should partner with this guy. He's trying to screw all of us even though we're all miners just like him.
Do not partner with this guy, if he is openly willing to screw us he will do the same to you.

I will personally be investing in more hardware to ensure he cannot take over.

YOU ARE A COMPLETE MORON.
I have indeed transferred the burst to exchanges, but this does not prove that I have dumped it.

If all of you idiots who actually think I dumped it all are going to publicly admit here on this forum that you are  complete  fuckin imbeciles, just post, here, I will publish my address and prove that it's mine.

BUT after that, all of you have to make a nice post, explaining how retared you really are. We need to make that point.
It's like why am I even talking to you? You are complete retards, you don't deserve my time.

[Turn0ff]

I believe the coin needs external funding for devs and PR. As I've suggested, create a business plan and do a traditional CF based on that.

Or use the business plan to approach venture capital and start-up supporters. I can help to create a contact list of VCs, but the dev-team need to write the business plan/roadmap.


For internal funding targets, presentations of Burst on conferences are also important.

[Elmit]

IMO Changing coin circulation is a bad idea. That's all I have to say on that. Bitladen is obviously NOT an idiot, he's a pretty darn clever person. I disagree with him on a lit of things, but there is one thing I do agree with him on, and that's bounties for development, and the bag holders. Seriously, BurstDev has put in hundreds of hours, and all you miners give him nothing, apart from crap when he's a little silent. Now why not rather support BurstDev, and perhaps other devs(if bitladen wrote us some code and burstdev reviewed it and we paid him a fair price, well, why not?).

Why don't you guys start some crowdfundings.

Say, let's give BurstDev and the other people who developed this some 100 million burst for all their work.  
I think that would be fair.

Launch other crowdfunds too, like the one for mixer that I suggested.
Or other interesting things.

Since I hold about 16M (or something like that) I will contribute with 1.8% to any of these crowdfundings.

Why do these people baghold on their burst. They can't possibly ever sell even half of it at the kind of volume this coin has. Why not give to developers? And for that matter, why not give more to miners.
In either case, I like the idea.
Just don't bag hold. At least fuckin pump. Or at least dump!! Alright. If everybody just sits on their coins waiting to become millionaires in the future, guess what: It's not happening!   You have to either pump (i.e. put buy orders) or spend your coin somehow: either donate, increase rewards or just dump.

I think what I'm saying is pretty much proven, I keep saying this since I first shown up in here, and the market has only proven me right all this time

So if anybody knows how to use crowdfundings, please make a tutorial somewhere and launch some as well. Burst has this feature, let's use it.

I think it would be nice if you would do the crowdfunding, since you put in already 10%. If you get it funded, then you can decide if you want to program by yourself or supervise it.

Here you can read about how to set it up: https://burstforum.com/index.php?threads/crowdfunding-what-case-should-we-do-and-how-do-you-contribute.602/

[bitladen]

I think it would be nice if you would do the crowdfunding, since you put in already 10%. If you get it funded, then you can decide if you want to program by yourself or supervise it.

Here you can read about how to set it up: https://burstforum.com/index.php?threads/crowdfunding-what-case-should-we-do-and-how-do-you-contribute.602/

You know what? I think I'll actually do this.
I'll start one for the mixer.

And what's the Dev's address, so I can start another one for Dev?

[Irontiga]

I think it would be nice if you would do the crowdfunding, since you put in already 10%. If you get it funded, then you can decide if you want to program by yourself or supervise it.

Here you can read about how to set it up: https://burstforum.com/index.php?threads/crowdfunding-what-case-should-we-do-and-how-do-you-contribute.602/

You know what? I think I'll actually do this.
I'll start one for the mixer.

And what's the Dev's address, so I can start another one for Dev?

It's in his sig.....BURST-QHCJ-9HB5-PTGC-5Q8J9

Also, please don't make it so that if it is successfully funded it goes to your account, i think a lot of people would just plain not be happy to donate to that. Rather make it also to send funds to dev, or some other trusted member(mczarnek, corwetic or xizmax) perhaps?

[okae]

i think that some guys are here wasting his time instead of doing something good for this GREAT alt coin.

all of us want the same, why not to discuss about it instead of attack others members and/or this coin?

None of the PoC2 attempts have worked out well in practice unfortunately. Plotting ends up being horribly slow(much worse than PoC1) and large gains can be had by shaving bits off and brute forcing them with gpus. PoC2 is now on hold until a better solution is found.

thats the worst news i had read, i have lot of expectations about it, i was thinking that you will release very very soon, but now...

[bitladen]

I think it would be nice if you would do the crowdfunding, since you put in already 10%. If you get it funded, then you can decide if you want to program by yourself or supervise it.

Here you can read about how to set it up: https://burstforum.com/index.php?threads/crowdfunding-what-case-should-we-do-and-how-do-you-contribute.602/

You know what? I think I'll actually do this.
I'll start one for the mixer.

And what's the Dev's address, so I can start another one for Dev?

It's in his sig.....BURST-QHCJ-9HB5-PTGC-5Q8J9

Also, please don't make it so that if it is successfully funded it goes to your account, i think a lot of people would just plain not be happy to donate to that. Rather make it also to send funds to dev, or some other trusted member(mczarnek, corwetic or xizmax) perhaps?

I'll just use dev's account.
also I want to start a CF for AT team, please give me an address for that.

And I will start on my address CF for mixer.
CF for mixer will be in a few stages.  First stage will be for 3M burst, it goes to my address, and I will award it to the first one that comes up with some code for the mixer, after I review it.
It will not require need a complete mixer implementation, just an outline of the idea and some code towards implementing it.
Then we move to stage 2,3... etc as more code gets written, until it's completed.

[zippolo]

Count me in for a donation

[iscal]

Count me in for a donation

me too

[crowetic]

Count me in for a donation

me too

A lot of us will donate to many of these CFs that will be started, LETS MAKE USE OF BURSTS TECHNOLOGY!!!!

[pinballdude]

So how exactly would you do a 51% attack on burstcoin, given that it is coded from the ground up totally independent of the bitcoin code. There are some things that are different enough that the 51% attack needs to be quite a bit different. Do a walkthrough with 10 nodes for instance..

Let us know that you have the technical knowhow, and is not just trolling, trying to scare people into selling their burst before you pump and dump it.

HAHAAHAHAHAHAHHAHAHA. It's actually easier to do it with burst, since you get the benefit of knowing the deadline.
But why would I have explain myself to you? I have 17% of the mining power. Need I say more?

So because you allegedly have 17% of the mining power, you know the technology well enough to force a fork?  That was a silly argument.

Prove you know how to fork the coin.

If there is a way to fork with 51% plotted space (i doubt it) , we might be able to improve and take measures to make the coin even safer.

One of your problems is that your plots are easily identifiable as they are plotted to your address. If the majority (in numbers) of users figure you are trying to cheat, they will start using a wallet that igores blocks generated by your plot address.  Then you'll have to re-plot your 17%.. that's expensive in time and electricity.

You have other problems, but the above is a serious one.