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

[rbizz]

[ANN] CHEAP asset

Description:

It's a fundraiser for INCOME ASSET with the starting price of 1 BURST, so it can't go lower. After all the ICO assets will be sold the price can only go higher, so it's the perfect speculative asset. It helps both fund INCOME ASSET and it's a good speculative asset for early investors.

The asset itself is also backed by 10,000 INCOME assets, that are permanently "burned" on the CHEAP's main address. These 10,000 assets won't be moved from there, and it will serve as the backing for CHEAP. Plus the dividends it will get for that 10,000 INCOME + the current BURST balance will also continuously grow. This way the value of CHEAP will grow aswell.

I gave myself 1 million CHEAP, 16% of the total supply, so that I will hold it too, and probably invest in it later.

CHEAP asset is not a dividend paying asset.

CHEAP is the perfect asset to "go to the moon"!

Asset Info:
Ticker/Name: Cheap
Asset ID: 4267876427937004537
Total Shares: 6,000,000
Shares Owned by Me: 1,000,000 (16.66%)
Dividends: No
Main BURST address: BURST-Q8CQ-RRKW-BDQN-BBJYP
Backing: 10,000 INCOME assets burned on the main address + The dividends it gets from that via BURST


Read more here:
https://burstforum.com/index.php?threads/ann-cheap-asset.872/#post-6251

just bought a very little portion for burst support

Can someone ELI5 and how it affects burst?  I may be willing to contribute once I have a better sense of what this means.

[1715589259]

1715589259

[BurstIncomeAsset]

Thanks for all CHEAP supporters!

Can someone ELI5 and how it affects burst?  I may be willing to contribute once I have a better sense of what this means.

Here is the main thread where it's explained how it works:
https://burstforum.com/index.php?threads/ann-cheap-asset.872/

Basically it's a speculative asset that has a backing, which gives it value. Since the backing can grow too , the value of CHEAP has to follow parralel with the value growth.

Since the asset is "cheap" now, it can go only higher later, makes it a very easy trade for early investors.

[xizmax]

Hmm, would've been interesting 6 months ago

http://www.reuters.com/article/2015/10/30/sec-crowdfunding-idUSL1N12U1LK20151030

Legislation...

[Erkallys]

Hmm, would've been interesting 6 months ago

http://www.reuters.com/article/2015/10/30/sec-crowdfunding-idUSL1N12U1LK20151030

Legislation...

You mean that this kind of crowdfunding is illegal in the USA ?

[xizmax]

Hmm, would've been interesting 6 months ago

http://www.reuters.com/article/2015/10/30/sec-crowdfunding-idUSL1N12U1LK20151030

Legislation...

You mean that this kind of crowdfunding is illegal in the USA ?

On the contrary, six months ago you had to have been an "accredited investor" to be able to invest. With this development, people with less capital should be able to legally invest.

[tokona44]

Where is the osx wallet ?

[xizmax]

Where is the osx wallet ?

Regular wallet works on os X as far as my memory serves me.
dawallet only compiled his project for windows.

[Erkallys]

Hmm, would've been interesting 6 months ago

http://www.reuters.com/article/2015/10/30/sec-crowdfunding-idUSL1N12U1LK20151030

Legislation...

You mean that this kind of crowdfunding is illegal in the USA ?

On the contrary, six months ago you had to have been an "accredited investor" to be able to invest. With this development, people with less capital should be able to legally invest.

I don't know if this law apply only to the USA, but even if not : INCOME is not a company, and even if it was, this won't hurt anyone.

[FrilledShark]

Where is the osx wallet ?

I have a quide for how to install it on OS X
https://imgur.com/a/CpnB6
It's free to use
Edit: I have removed most of my system language, but i can't remove all

[xizmax]

Hmm, would've been interesting 6 months ago

http://www.reuters.com/article/2015/10/30/sec-crowdfunding-idUSL1N12U1LK20151030

Legislation...

You mean that this kind of crowdfunding is illegal in the USA ?

On the contrary, six months ago you had to have been an "accredited investor" to be able to invest. With this development, people with less capital should be able to legally invest.

I don't know if this law apply only to the USA, but even if not : INCOME is not a company, and even if it was, this won't hurt anyone.

Yes, it is USA only. I was not referring to INCOME or any of the assets. I was just lamenting on this development, as we were discussing crowdfunding for BURST quite some time ago. Inability of ordinary USA people to invest was seen as a major hurdle.
Sorry for the misunderstanding

[haitch]

Where is the osx wallet ?

I have a quide for how to install it on OS X
https://imgur.com/a/CpnB6
It's free to use
Edit: I have removed most of my system language, but i can't remove all

And for a daily updated copy of the wallet DB, you can goto http://db.burst-team.us

H.

[FrilledShark]

Where is the osx wallet ?

I have a quide for how to install it on OS X
https://imgur.com/a/CpnB6
It's free to use
Edit: I have removed most of my system language, but i can't remove all

And for a daily updated copy of the wallet DB, you can goto http://db.burst-team.us

H.

I have updated the guide with your link, instead of the burstcoin.info.

[crowetic]

Hello everyone,

    Just wanted to apologize for my inactivity here, I've been very busy with other things, but I'm still around, and not planning on going anywhere. I'm going to be getting things rolling on a few different aspects here ASAP. Not entirely sure how soon, but just wanted to let you all know that I wasn't disappearing.


Also, the ByteEnt asset will be paying out within the next couple days, sorry for the lag here as well.

Thank you for your understanding.

[Elmit]

BurstIncomeAsset wrote:

It will take off after the inflation gets lower.

Currently the inflation is the big issue, thats why I`m holding the funds in BTC to save the capital from inflation.

In about 3-4 months according to my calculations, we should see some drastic price increases.

I would like to get more information about your calculations.

[yellowduck2]

Hello everyone,

    Just wanted to apologize for my inactivity here, I've been very busy with other things, but I'm still around, and not planning on going anywhere. I'm going to be getting things rolling on a few different aspects here ASAP. Not entirely sure how soon, but just wanted to let you all know that I wasn't disappearing.


Also, the ByteEnt asset will be paying out within the next couple days, sorry for the lag here as well.

Thank you for your understanding.

Nice to see your message. Look forward to your plan for Burst.

[BurstIncomeAsset]

BurstIncomeAsset wrote:

It will take off after the inflation gets lower.

Currently the inflation is the big issue, thats why I`m holding the funds in BTC to save the capital from inflation.

In about 3-4 months according to my calculations, we should see some drastic price increases.

I would like to get more information about your calculations.

That post of mine was deleted by a moderator, I dont know why?
Nontheless the logic behind it is simple, just take a look at the blockreward:

We are almost at 161000 block next halving at 162000.
Burst get's inflated every 4 minutes by 4877 = 1,755,720 BURST /day

In about 3-4 months we will be over block 216000 with 3585 BURST / BLOCK = 1,290,600 BURST/day

Now that's a 26.5% decrease in inflation, almost a third, so the price should jump also at least 30% by then. This is my logic behind it.

(If not more due to this thread becoming active again and BURST gaining some fame in this forum)

[cyberspacemonkey]

BurstIncomeAsset wrote:

It will take off after the inflation gets lower.

Currently the inflation is the big issue, thats why I`m holding the funds in BTC to save the capital from inflation.

In about 3-4 months according to my calculations, we should see some drastic price increases.

I would like to get more information about your calculations.

That post of mine was deleted by a moderator, I dont know why?
Nontheless the logic behind it is simple, just take a look at the blockreward:

We are almost at 161000 block next halving at 162000.
Burst get's inflated every 4 minutes by 4877 = 1,755,720 BURST /day

In about 3-4 months we will be over block 216000 with 3585 BURST / BLOCK = 1,290,600 BURST/day

Now that's a 26.5% decrease in inflation, almost a third, so the price should jump also at least 30% by then. This is my logic behind it.

(If not more due to this thread becoming active again and BURST gaining some fame in this forum)

You have a good point but price is also based on demand and if interest for this coin doesn't change that's not going to help the price at all.

[pinballdude]

Hello everyone,

    Just wanted to apologize for my inactivity here, I've been very busy with other things, but I'm still around, and not planning on going anywhere. I'm going to be getting things rolling on a few different aspects here ASAP. Not entirely sure how soon, but just wanted to let you all know that I wasn't disappearing.


Also, the ByteEnt asset will be paying out within the next couple days, sorry for the lag here as well.

Thank you for your understanding.

I am also quietly following the coin, and slowly increasing my mining capacity to help secure the chain. All my pc's run off a forked version of burst and original miner, so i have the source, the github and the build working, i am ready to contribute to the project, but entirely out of any spare time for the forseable future, at least till end of this year. I have stashed all my mined coins and bought some more, and my plan is to continue accumulating. If a further drop in price coincides with me having some extra liquidity, i'll buy some more, but no plans for that just yet, i'm strapped for time and money for now, allreday committed to add TBs weekly to my mining.

[BurstIncomeAsset]

I dont like the price of BURST, it really needs to go back to 15 satoshi or higher.

I think supporters of BURST should buy some, especially if they think for long term, since the price is very low (undervalued now).

Somebody dumped half a bitcoin worth of BURST yesterday, and the big problem is that the buy wall is thin, people removed their buy orders on Polonex since yesterday.

Not to mention the C-CEX price.

[Elmit]

BurstIncomeAsset wrote:

It will take off after the inflation gets lower.

Currently the inflation is the big issue, thats why I`m holding the funds in BTC to save the capital from inflation.

In about 3-4 months according to my calculations, we should see some drastic price increases.

I would like to get more information about your calculations.

That post of mine was deleted by a moderator, I dont know why?
Nontheless the logic behind it is simple, just take a look at the blockreward:

We are almost at 161000 block next halving at 162000.
Burst get's inflated every 4 minutes by 4877 = 1,755,720 BURST /day

In about 3-4 months we will be over block 216000 with 3585 BURST / BLOCK = 1,290,600 BURST/day

Now that's a 26.5% decrease in inflation, almost a third, so the price should jump also at least 30% by then. This is my logic behind it.

(If not more due to this thread becoming active again and BURST gaining some fame in this forum)

I cannot share this logic!!!

It sounds like, BURST price is so low, lower it is not possible, so there is no other chance to increase!!!