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

[SpeedDemon13]

I too believe the reward structure should be modified to make it a proportional reward for every miner no matter when they got into the coin.

This is the basis of my 6 page proposal, along with suggestion of an actual person who could and would take over core development.

Roadmap, suggestions to increase BURSTs use, and a suggested structure for the core team.

Unfortunately there was not agreement on my proposal.

Not sure where to go from here. I might be willing to show my paper to the community, for feedback and mass group discussion. Thoughts?

I can remember that BinLaden proposed to use a reward depending on the difficulty. He was told that no coin does that, that this would be impossible. Your proposal is on the half way to his thought.

I would show your 3 hours work, just remove names, if that would be an obstacle to publish it.

Something has to be done, before the price goes further done!

there must be a change, but the first one should be, that another dev takes over.

Binladen talked so often that "his team" could takeover. until now, nothing happens.

and as far that binladen is not willing to share
a) his optimizer miner code
b) his way he found to mine with cloud and so much pb

he will be the only one that will profit from a proportional reward.

i´m not against this change, but atm binladen has a big advantage because of this knowledge and will increase this advantage with this change.

perhaps a white pager from him, how he do this, will help to bring orther big investors and new infrastructure services for cloud mining up.

but until he keep this knowledge for his own, i dont see any advantage of this change. but if he do, then i think this could be the turnaround.

Dev disapeared, so this change and a fork could be easy done, of bin releases this new version and the whitepaper.

So bin, tell us, why this all is wrong and that share your secrets will change nothing, exept loosing your advantage :-)

Having 51% or more of a network is totally against what decentralizing stands for in the crypto world, but if no one else is going to put PB's worth of data to mine, he will get the major share(like or not). To put it in perspective of the share he is getting, he is making more money than a college student working full-time at a minimum wage job at the current exchange rate of Burst on the market (if he is getting electricity and all the hdd space on the super low industrial prices).

I guess the main dev has personal issues he has to attend to, but he could have gave someone else the temporary control of core development (wallet updates, core code change, etc) and ability to start a new temporary ANN.

I'm just surprised no one has made a fork of Burst or hybrid it with others, ie. Siacoin would be nice or something similar.

[yeponlyone]

I'd be utterly surprised if he hasn't a botnet, pointed to his private pool. If that would be the case, the coin can't have a white-paper describing the acquisition and management of what he does in these areas. I'd suggest that you buy yourself a botnet and start working and try to be competitive.  

For improved tools and code, sure that'd be nice to get, even if Burst improved greatly in this aspect.

However, as I keep nagging about, the leadership will need funding. In the roadmap, I'd like to see something that indicates how Burst can be represented at a few important conference each year, bring in paid expertise when needed and afford to do similar promotional efforts as other cryptos do.

Another important question is if this will be done to Burst, or if a devteam creates a new coin highly inspired by Burst but where curtain details differer. In someway I do feel a new start would be fair. And to be honest, Burst isn't a great name. If we could come up with a new name that pushes some of the key innovation in PoC, it'd worth considering.


It'd be nice to see stuff like these written down and discussed. Adding the more technical aspects to such a document, the result would be, after some editing, a white-paper (for Burst or the second PoC-coin).

[luxe]

This is fuckin great! Look at the market! WTF is that. Keep holding to your bags till the bitter end. Right?

BURST is crashing. I have held my bag far too long.
But that's it, I'm gonna dump my 20 million, burst is hopeless.

I hope y'all are happy now.
There you have it, the end of bitladen.

What made you change your mind?

[bitladen]

This is fuckin great! Look at the market! WTF is that. Keep holding to your bags till the bitter end. Right?

BURST is crashing. I have held my bag far too long.
But that's it, I'm gonna dump my 20 million, burst is hopeless.

I hope y'all are happy now.
There you have it, the end of bitladen.

What made you change your mind?

I didn't change my mind, I dumped everything back then.
Of course you mean, why not the end? Because I am getting close to 51% apparently, and I'm excited.

To boba and the other guy, you make it sound like getting 1 PB is an easy thing, that anyone could do it. I can assure you that it is not so. In fact if it were any easier I would have 10PB now. Right?

Well it's not as complicated as it is expensive. That's why people are backing out. Soon you will be stuck with me as the only miner, if mining profitability does not increase.

And from a reward and/or price increase I would only have 25% of the benefit, the rest of 75% will go to the other miners, as of now. Of course, if you don't want to pay them, they will leave and once I reach 51% I can double my reward on my own.

So you see, reward increase does not help me reach 51%, quite on the contrary, miners would be joining back if it were so. So it is in your best interest.

I'm fine either way.

[Merick]

I must apologize, for making no posts for such a long time.
I know y'all missed me, but I've been busy with other projects. Sorry!

Now I'm back! And I can see that you guys decided to let me have 51% after all.
You see, mining costs are greater than the returns, so miners will keep quitting, as price keeps dropping.

Oh, and I'm thinking of adding another PB to my pool, just to be on the safe side.

Your sitting at roughly 25%, you don't have 51% yet.  What reason do you have to keep adding mining capacity?  You said so yourself that it is a negative return investment.

Miners are not going to increase or decrease the value of a blockchain.  Utility and future speculation is what will drive costs.  The "coin" is just a symbol, the blockchain technology is what is important here.  Seems to me that people are nervous about the lack of dev communication and utility improvements. Also I would assume that a good portion of BURST miners have moved their capacity into the STORJ network.

What motivation do you have to play the hostile miner card on a blockchain that is roughly one year old?

[Yanakitu Tenatako]

This is fuckin great! Look at the market! WTF is that. Keep holding to your bags till the bitter end. Right?

BURST is crashing. I have held my bag far too long.
But that's it, I'm gonna dump my 20 million, burst is hopeless.

I hope y'all are happy now.
There you have it, the end of bitladen.

What made you change your mind?

I didn't change my mind, I dumped everything back then.
Of course you mean, why not the end? Because I am getting close to 51% apparently, and I'm excited.

To boba and the other guy, you make it sound like getting 1 PB is an easy thing, that anyone could do it. I can assure you that it is not so. In fact if it were any easier I would have 10PB now. Right?

Well it's not as complicated as it is expensive. That's why people are backing out. Soon you will be stuck with me as the only miner, if mining profitability does not increase.

And from a reward and/or price increase I would only have 25% of the benefit, the rest of 75% will go to the other miners, as of now. Of course, if you don't want to pay them, they will leave and once I reach 51% I can double my reward on my own.

So you see, reward increase does not help me reach 51%, quite on the contrary, miners would be joining back if it were so. So it is in your best interest.

I'm fine either way.

And I do not see how you can make any profit?
That is what matters to you or not?

Or you can throw away money just like that on hdd space?

What am I missing?

[bitladen]

What motivation do you have to play the hostile miner card on a blockchain that is roughly one year old?

I am not hostile. Burst community is hostile towards me. I am honestly trying to help.

[Merick]

What motivation do you have to play the hostile miner card on a blockchain that is roughly one year old?

I am not hostile. Burst community is hostile towards me. I am honestly trying to help.

I see no reference to "Honestly trying to help".

All I see is a miner who will purposely attempt a 51% attack. Maybe I am remembering incorrectly but I recall you wanting the rewards structure changed, more rewards per block or something.  I fail to see any reasoning behind changing reward structure to manipulate coin price.  The price will be dictated by blockchain utility and investment.  Trying to manipulate the reward structure to increase short term gains is just silly.  When the price dips, should the reward structure be modified again?

The definition to "Honestly Trying to Help" would be...
1.) Not trying to 51% the network
2.) Using your skill set to help improve the network
     a.) Release a version of your optimized mining code.
     b.) Share your mining knowledge and skill set.

Performing 1 & 2 might help build peoples confidence in the system, which would bring investment back into the blockchain, and in return the price would rise, the end result is that your BURST would be worth more, actually making you a profit.

[bitladen]

What motivation do you have to play the hostile miner card on a blockchain that is roughly one year old?

I am not hostile. Burst community is hostile towards me. I am honestly trying to help.

I see no reference to "Honestly trying to help".

All I see is a miner who will purposely attempt a 51% attack. Maybe I am remembering incorrectly but I recall you wanting the rewards structure changed, more rewards per block or something.  I fail to see any reasoning behind changing reward structure to manipulate coin price.  The price will be dictated by blockchain utility and investment.  Trying to manipulate the reward structure to increase short term gains is just silly.  When the price dips, should the reward structure be modified again?

The definition to "Honestly Trying to Help" would be...
1.) Not trying to 51% the network
2.) Using your skill set to help improve the network
     a.) Release a version of your optimized mining code.
     b.) Share your mining knowledge and skill set.

Performing 1 & 2 might help build peoples confidence in the system, which would bring investment back into the blockchain, and in return the price would rise, the end result is that your BURST would be worth more, actually making you a profit.

Very demanding! What do I get in return, should I meet your demands?

I will not go over it again, read my old posts from February, it explains why reward increase is needed, my reasoning behind it.  It should be an interesting read, because I actually predicted this crash.

Now everything is going to hell and certainly not to the moon. And the very demanding burst community, still does nothing about it. Rest assured, the situation will not improve by itself. You have to do something about it. You are doing nothing. So, the burst community must have a deathwish. Alright! I am here to help.

[Merick]

What motivation do you have to play the hostile miner card on a blockchain that is roughly one year old?

I am not hostile. Burst community is hostile towards me. I am honestly trying to help.

I see no reference to "Honestly trying to help".

All I see is a miner who will purposely attempt a 51% attack. Maybe I am remembering incorrectly but I recall you wanting the rewards structure changed, more rewards per block or something.  I fail to see any reasoning behind changing reward structure to manipulate coin price.  The price will be dictated by blockchain utility and investment.  Trying to manipulate the reward structure to increase short term gains is just silly.  When the price dips, should the reward structure be modified again?

The definition to "Honestly Trying to Help" would be...
1.) Not trying to 51% the network
2.) Using your skill set to help improve the network
     a.) Release a version of your optimized mining code.
     b.) Share your mining knowledge and skill set.

Performing 1 & 2 might help build peoples confidence in the system, which would bring investment back into the blockchain, and in return the price would rise, the end result is that your BURST would be worth more, actually making you a profit.

Very demanding! What do I get in return, should I meet your demands?

I will not go over it again, read my old posts from February, it explains why reward increase is needed, my reasoning behind it.  It should be an interesting read, because I actually predicted this crash.

Now everything is going to hell and certainly not to the moon. And the very demanding burst community, still does nothing about it. Rest assured, the situation will not improve by itself. You have to do something about it. You are doing nothing. So, the burst community must have a deathwish. Alright! I am here to help.

I was not being demanding, I was just making observations.  This is what we call a conversation, I'm sorry you take offense to it.  I was hoping you would then continue the conversation by explaining the 51% attack justification.  Then someone else would put in there take on the conversation and then it would be your turn to respond, etc...  Just a conversation.

What do I get in return
You get a coin that will increase in value and you get to make a profit.

I will go and dig through your prior posts maybe you have some sort of logical reasoning why a reward increase will make everyone happy and increase the value of BURST as a whole.

[Elmit]

What motivation do you have to play the hostile miner card on a blockchain that is roughly one year old?

I am not hostile. Burst community is hostile towards me. I am honestly trying to help.

I see no reference to "Honestly trying to help".

All I see is a miner who will purposely attempt a 51% attack. Maybe I am remembering incorrectly but I recall you wanting the rewards structure changed, more rewards per block or something.  I fail to see any reasoning behind changing reward structure to manipulate coin price.  The price will be dictated by blockchain utility and investment.  Trying to manipulate the reward structure to increase short term gains is just silly.  When the price dips, should the reward structure be modified again?

The definition to "Honestly Trying to Help" would be...
1.) Not trying to 51% the network
2.) Using your skill set to help improve the network
     a.) Release a version of your optimized mining code.
     b.) Share your mining knowledge and skill set.

Performing 1 & 2 might help build peoples confidence in the system, which would bring investment back into the blockchain, and in return the price would rise, the end result is that your BURST would be worth more, actually making you a profit.

Very demanding! What do I get in return, should I meet your demands?

I will not go over it again, read my old posts from February, it explains why reward increase is needed, my reasoning behind it.  It should be an interesting read, because I actually predicted this crash.

Now everything is going to hell and certainly not to the moon. And the very demanding burst community, still does nothing about it. Rest assured, the situation will not improve by itself. You have to do something about it. You are doing nothing. So, the burst community must have a deathwish. Alright! I am here to help.

Now everything is going to hell and certainly not to the moon.
Rest assured, the situation will not improve by itself. You have to do something about it. You are doing nothing. So, the burst community must have a deathwish.

That's actually what we feel the last months, what we telling over and over. The only "hope" is a 3 hours work on a paper that the "core team" (of janitors, as I call them, since nothing can be revealed of this team) does not approve.
Seems, ONE person tries to fix, and the core team cannot agree.

We asked several times to do something, from developing to marketing, but nothing has been done!
Yes, there is an improvements for miners, who use Windows, ... but that is not a general improvement, that is just a tool, a help.

Karl seems to give up again to promote the Coin.

[bitladen]

I was hoping you would then continue the conversation by explaining the 51% attack justification. 

I'm sure you don't realize this, but once I 51% attack, with 51% of the hashrate I am getting all the blocks, hence doubling my reward. Of course there's always the possibility that I would cancel transactions as I please, should I chose to. So at that point, you would really have to have complete confidence in me.

What do I get in return
You get a coin that will increase in value and you get to make a profit.

And you make this statement, based on what? You already tried all kinds of GUI's websites, PR, price still is falling. I have to disagree with your conclusion.

[bobafett]

I was hoping you would then continue the conversation by explaining the 51% attack justification. 

I'm sure you don't realize this, but once I 51% attack, with 51% of the hashrate I am getting all the blocks, hence doubling my reward. Of course there's always the possibility that I would cancel transactions as I please, should I chose to. So at that point, you would really have to have complete confidence in me.

What do I get in return
You get a coin that will increase in value and you get to make a profit.

And you make this statement, based on what? You already tried all kinds of GUI's websites, PR, price still is falling. I have to disagree with your conclusion.

bin, why do you not try to release a clone and ask the community to switch over. you can stay here with your mining power and switch to the clone, if the community follow. this could fast be done, easily be made and without any attacks on the burst network. the only thing is, you have to find a new exchange for the clone, but this should not be the problem, if the community follows. sure with a 51% attack you could force all, but i think this is not the way with trust and kill the coin finally.

[bobafett]

alternativly why ask you not here, if the mayority of the miners with power is for your plan. at the current price niveau i think its not a problem to pause mining for a week, that you have your 51%? Post a date when you are ready and ask for pausing the mining power for a week starting at this date....
if the pool owners also join and take down their pools at this day, you reached it.

[Merick]

I was hoping you would then continue the conversation by explaining the 51% attack justification. 

I'm sure you don't realize this, but once I 51% attack, with 51% of the hashrate I am getting all the blocks, hence doubling my reward. Of course there's always the possibility that I would cancel transactions as I please, should I chose to. So at that point, you would really have to have complete confidence in me.

What do I get in return
You get a coin that will increase in value and you get to make a profit.

And you make this statement, based on what? You already tried all kinds of GUI's websites, PR, price still is falling. I have to disagree with your conclusion.

So you double your reward once you have 51% of the network, congratulations.  Do you think there will be any value left in the coin once that happens?  BURST is pretty low right now, I think one way of guaranteeing that your coins are worth zero is to continue on your path.

And you make this statement, based on what? You already tried all kinds of GUI's websites, PR, price still is falling. I have to disagree with your conclusion.

None of this does anything for utility.  GUI's are nice, PR is great, but their is no use for the coin.  You mentioned back in march that you had ideas for implementing a trust-less exchange.  That sounds like a great utility that would help increase investment into the BURST blockchain.

You also mentioned that you were going to help with miner and pool source code, which would also increase miner options and ease of use.

I think the bottom line is, you can receive 100K coins as a block reward or you can received 1 coin as a block reward.  The only thing that matters is how much investment is flowing into the blockchain.  Right now there is no utility and miners and investors are nervous about the lack of forward progress on utility, hence the market drop.

Coin mixers, Trustless Exchange, something else...  Anything that shows forward progress and development should bring back investment into this wonderful blockchain.  All of the PR and shiny GUIs will do nothing unless investors can see that the core system is moving forward.

Your method of 51% attacks and messing with this reward system  does nothing to bring investors into the system.

p.s. I'm not being mean, I'm just trying to have a conversation with the community.

[crowetic]

-[ANN]- Asset ByteBank is coming to an end


I am no longer able to support this asset, a buy wall will be placed if tiga hasn't put it there already, and there will be no more payouts from this asset starting in October. Please sell your assets. Thanks.

[crowetic]

Okay, I have decided to do something else as well...


I am going to be working on a revision of my paper, with a change in the order of how things will work that I think should work for everyone. I can't guarantee I'll be able to work on this over this weekend as it is a holiday and I've got some plans, however, I will have it done shortly.

This time I think I'm going to just post it for the community to see, and we can all decide at the same time, the team, and everyone. If any of the team has issue with this they can let me know. But I feel like this needs more than just a few of us to discuss.

With the modifications I'm planning, I believe that no matter what way you feel on certain things, this should work for everyone. At least I hope it will, because as we all know, things move fast in the world of crypto, and we must keep moving forward if we want to be on top.

I sincerely hope that this effort will be of assistance.






I like the idea of SSL certs btw, and will be seeing if I can find an expert.

[BurstIncomeAsset]

Hello there I made myself a Bitcointalk account, i`m the INCOME asset manager of the burst asset exchange. I`ll post here some important updates too about the asset if it's ok.

https://burstforum.com/index.php?threads/ann-income-asset-decentralized-referral-empire-based-income.839/

Proof that i`m the genuine INCOME manager (not an impersonator):

https://burstforum.com/index.php?threads/hello-i-m-a-burst-investor-asset-creator.838/#post-6176

[BurstIncomeAsset]

The INCOME asset is now rock solid and will generate ~2.2 mBTC / week, perhaps even more depending on the variance.

I marked this screenshot of the invested funds today, sunday near midnight UTC time



And we will see in 1 week how much we will make at similar time.



Don't worry about the low price of BURST, my INCOME asset after it will start paying dividends will pump up BURST with Bitcoins earned from this investment

[callmejack]

I was hoping you would then continue the conversation by explaining the 51% attack justification. 

I'm sure you don't realize this, but once I 51% attack, with 51% of the hashrate I am getting all the blocks, hence doubling my reward. Of course there's always the possibility that I would cancel transactions as I please, should I chose to. So at that point, you would really have to have complete confidence in me.

What do I get in return
You get a coin that will increase in value and you get to make a profit.

And you make this statement, based on what? You already tried all kinds of GUI's websites, PR, price still is falling. I have to disagree with your conclusion.

i like the idea of 51% and disabling transactions but since you do not include any tx data in the blocks you mine you can only decide to not mine a block.