You are a complete imbecile, and have no clue about cryptocoins.
If the coin right now had 3PB what would stop me from 51% attacking it? Certainly not the high profits I would make otherwise. The miners need to get paid.
With no miners the coin is nowhere near fine, it's not even a coin, it's a fairy tale. Ok burst still has miners, but that's mainly because there is no other PoC out there yet.
I still hold 9 million. You are making more and more retarded claims. The market is crashing because of me? WOW. Where did that come from?
And you say the market is crashing NOW? Oh no, it's starting to be alive just now, it was dead for the past 2 months because of idiots holding to the coin, dreaming to become millionaires in 2020. They can afford to hold it though, they mined it for cheap. I will launch soon a new PoC coin with a fair block reward scheme.
But now with the recent volume on the market looks like there may still be hope for burst. Obviously, it is in my best interest that it rises.
And there are not enough buyers because there are not enough sellers. Nobody puts their money in a coin with 2 btc volume. Dump more coins and traders will join the party. Holding the coin does not make the price rise. Last 2 months illustrate this perfectly.
Why would anybody buy burst? Or dogecoin, or *coin. Simple! to sell it for more, there's no other good reason. So in fact if you dump coins to traders, they have to do something about it, to sell it for more. That's the idea.
Please, don't preach your justification at me. The fact that the coin wouldn't be worth anything if there was 3PB of hash power here. You showed up after the coin actually ended up worth something and despite dumping a lot of money into it, you only hold 10% of the network hash. You're doing more damage by dumping your mined coins then you're doing if this coin had low hash power, because you wouldn't actually mine it as it wouldn't be worth anything.
It doesn't matter how much you're holding, it's how much you're dumping. There are plenty of people that are holding that have been a part of Burst for a long time and hold more coins then you.
Volume doesn't mean the market is healthy. Just because it's moving doesn't mean it's moving in a good direction. More people will see it, they'll also see that it's crashing right now and has been on a downward trend for the last two months. Nobody puts money in a coin that is only going down. It'd be different if the market volume showed fluctuations of +/- 10% or something like that, but it's not.
Not everyone buys coins to sell them for more. Some people believe in coins and what they're mining. The whole reason so many Burst'ers are holding their coins right now. If people were here purely for the economic aspect they would've sold already as the coin is in a nosedive and no one sees the bottom at the moment.
Oh and anyone can throw out insults, you too, are a imbecile.
Burst is really cheap right now, why would you make your own coin instead of taking that time and energy and improving on Burst?
Because with the deflation rate in burst, it will die out anyway. As things are, there are big holders who mined many millions for cheap in the beginning. They can't dump all at once, there are not enough buy orders, they will even hold for a while, until the situation becomes hopeless, and then it will die, just like any other altcoin.
Plus that I'm only interested in the PoC, I prefer the cryptonote platform. Sure all that assets and stuff sound good, but let's face it BTC had success because of drug trading. Anonymity is needed in the cryptoworld. The very name crypto implies anonimity.
Will this coin overtake bitcoin very doubtful will it be worth a lot probably not but with the development that has been around for it it can definitely come/stay in the top 10 altcoins. I think the coin is far from dieing. Most altcoins die because they are not unique and eventually the devs give up on it.
Aiming for LTC would probably be a good place.
PS: BTC is in no way anonymous and is actually easier to trace then bank transactions in the real world. Cryptonote is actually anonymous. The reason BTC was and is big in drug circles is because it's unregulated, easy to move around, and impossible to put a hold on. You can't stop BTC transactions without a significant amount of hash power and even then it just delays them.
I think it's kinda backwards to implement anonymity with BURST, but CIYAM said it can be done with AT.
I offer a bounty: 1,000,000 BURST to anyone who implements anonymous transactions in BURST, and makes a simple enough interface for the average user.
Sure 1m burst is not all that much, and being a programmer myself, I understand that this won't be enough reward for the work, however I only hold 1% of the coins, other holders could join in, so we can make a big bounty.
Anonymity will give value to the coin, it would be a good reason to buy it and sell it, other than the usual pump and dump gamble. If you hold BURST, join me, let's pay CIYAM to do it
The wallet needs a complete redesign and either a installer or a easy to run .exe very similar to BTC more so then ATs with dependencies included (no java install). The same goes for a easy to run and work mining platform.
As I mentioned earlier, since this is already a web wallet you run locally, why isn't there a online version of it? All you need is your 'key' to login wherever you are. There should be a official hosted version of the wallet with some added security.
If you're going to comission things and offer bounties, offering a bounty for a 'unique' altcoin for PoC would also be a good place to start... Multiple PoC coins at that. That's actually probably better then whatever the PR team is currently doing. I've been mining for years and I don't even read bitcoin 'news' websites. I look at pools, forums, exchanges, and rigrental websites.
To that extent, figuring out a way to 'lease' hashing power of PoC is also a good way to get things moving so a multipool or a rigrental website can use your miners. However this isn't as important as some good PoC altcoins.
