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

[yeponlyone]

C`mon guys i cant believe nobody added this coin yet to Yobit:

https://yobit.net/en/addcoin/

Guys add the coin to yobit so that I can buy some. I`m waiting here for like 1 month to buy some.

but i cant understand one thing here, why if you want to buy burst, you don't use one of the current exchanges where we are?

Because I dont want to have like 1000 exchange accounts. I am usng Yobit and i would like to buy some BURST ffs.

Please guys add it to yobit, i see you guys need some investors, man there are tons of traders there who would pump the price up to 100 satoshi!!!

Just add it to Yobit and all problems will be solved!!

Lol c`mon guys, is it so fucking hard to just add it to Yobit, it would help your currency.

It takes 5 minutes to fill out the form. Seriously WTF guys, please dont be lazy! 

And why can't you spend those damn 5 min.? Laziness...?

[crowetic]

Okay, what if we make the following modifications...


1. The cap stays, but coins are added to its total.

2. Rewards are still raised, and decline in reward is lowered. Reward goes to 15k/block now, and reward decline changes to match bitcoin's halving times, by going to 1.455% per month.

3. Transaction fees go up too, minimum goes to 2 or more BURST per transaction, until we believe we can lower it again when there are many more transactions in the network.



This gives incentive for miners to jump back in now and make network bigger again, during this we work our asses off and get the market mods done, mixer AT integrated, etc. Make the market browser better with categories and searchable, etc. Hire a PR company to promote the decentralized market, and get many more users to it.

Get more assets up and running, and work hard to get investors at the same time.

if i remeber correctly the current settings for the reward decline are halving every 14 month which is about 3.42 times as fast as bitcoin.
beside structural adjustments to the protocol itself adding additional supply will first be required at some point after people pay for services in BURST.

required structural changes are checkpoints and new transaction types which won't be stored forever in the blockchain.
today you can freeze the whole network with 92k burst per day simply because a block can only contain 255 transactions.
increasing the fees would limit new services since the fees may get higher than the payment you buy a service with.

a variable i could deal with would be to lower the blocktime and double this way the possible rewards since there are still many many blocks mined every day within less than a minute (last 360 blocks 127).
this is why the calculation for the basetarget requires adjustments (posted as comment into the google docs burst reborn - https://docs.google.com/document/d/1Xk23cNYy1BfV5DNto5FjG-3l1VUDFXETAqHbeyK7rX4)

These checkpoints were pointed out to me by bitladen as well, and he said he would add them if he was appointed dev.

[pinballdude]

Okay, what if we make the following modifications...


1. The cap stays, but coins are added to its total.

2. Rewards are still raised, and decline in reward is lowered. Reward goes to 15k/block now, and reward decline changes to match bitcoin's halving times, by going to 1.455% per month.

3. Transaction fees go up too, minimum goes to 2 or more BURST per transaction, until we believe we can lower it again when there are many more transactions in the network.



This gives incentive for miners to jump back in now and make network bigger again, during this we work our asses off and get the market mods done, mixer AT integrated, etc. Make the market browser better with categories and searchable, etc. Hire a PR company to promote the decentralized market, and get many more users to it.

Get more assets up and running, and work hard to get investors at the same time.

Network size is just fine, we've been running fine with way less than we have now. Basetarget is 1654263 as i write, i remember above 4 mln earlier, and i don't think we need more miners as such - they will come once the price go up, and miner money is the main reason the price is going down. (neccessary evil, but we should not make it worse).   network size is just fine.

pool owners would probably benefit for more money to the miners, but everyone else will be paying.

[boliu]

besides exchanges, is there any where I can spent my burst for goods?

BURST has a built in marketplace. http://burstcoin.info/market which we're hoping to make much more user friendly here soon. (Want to make categories, allow for pictures or links to pictures, auto open in wallet, things like that.)

For now you find what you want there, copy the user's BURST account, add them in your wallet, and you can buy their items.



There are also assets you can purchase that are built into BURST's asset exchange.

ByteEnt is my asset https://block.burstcoin.info/as.php?as=1800253871016293364

and another good one is INCOIME... https://block.burstcoin.info/as.php?as=11188744773544606055

thanks will give it a try.

[crowetic]

Okay, what if we make the following modifications...


1. The cap stays, but coins are added to its total.

2. Rewards are still raised, and decline in reward is lowered. Reward goes to 15k/block now, and reward decline changes to match bitcoin's halving times, by going to 1.455% per month.

3. Transaction fees go up too, minimum goes to 2 or more BURST per transaction, until we believe we can lower it again when there are many more transactions in the network.



This gives incentive for miners to jump back in now and make network bigger again, during this we work our asses off and get the market mods done, mixer AT integrated, etc. Make the market browser better with categories and searchable, etc. Hire a PR company to promote the decentralized market, and get many more users to it.

Get more assets up and running, and work hard to get investors at the same time.

Nice, but some devfund most be established to cover expenses. I think it makes sense that a small part of each block should be devoted to this. Not anywhere near 10% but some.

Fees can also be made relative to the sum sent: Are you sending large amounts, it's not unreasonable with higher fees.

Right, I did forget that part, there will still be a dev fund, and I think 10% is fair, but we can go lower, maybe 8? But it isn't just a dev fund, you can think of it as a future promo, development and just an overall futures fund for the coin...

It will allow us to HIRE devs to do whatever we need, hire graphic designers, whatever the coin needs! I don't see why everyone expects the few members who already put a ton of work into everything to pay for all of this out of their pockets as well, I'm a fairly large miner and I would have absolutely no issue with this percentage going to further the coin.

Then when we can get our p2p voting system implemented, the people with more coin can have more power in helping to decide how that money is spent. So it isn't like there will be an overlord who will decide everything. There will be voting and we will all make decisions, and of course, the ones with a larger stake and thus more invested into the coin will have more of a say. I feel this is ultimately extremely fair.

[RealBitcoin]

C`mon guys i cant believe nobody added this coin yet to Yobit:

https://yobit.net/en/addcoin/

Guys add the coin to yobit so that I can buy some. I`m waiting here for like 1 month to buy some.

but i cant understand one thing here, why if you want to buy burst, you don't use one of the current exchanges where we are?

Because I dont want to have like 1000 exchange accounts. I am usng Yobit and i would like to buy some BURST ffs.

Please guys add it to yobit, i see you guys need some investors, man there are tons of traders there who would pump the price up to 100 satoshi!!!

Just add it to Yobit and all problems will be solved!!

Lol c`mon guys, is it so fucking hard to just add it to Yobit, it would help your currency.

It takes 5 minutes to fill out the form. Seriously WTF guys, please dont be lazy! 

And why can't you spend those damn 5 min.? Laziness...?

No because i have no idea of this coin, you have to fill out some tech specifications there, and i have no clue about this coin whatsoever.

It is the devs that are lazy, this coin needs to be on all exchanges, including where I trade usually at Yobit.

So please somebody add it!

[crowetic]

I think I'm going to put up a poll in burst forum to see how many people think everything is perfect with the current reward and decline structure....


it is definitely too fast, and I think because it was too fast to begin with, we need to adjust the rewards in order to 'refresh' the system.


people don't want an unlimited supply, fine. But we still need to kinda take a step 'back' if you will, and start again with the tools we now have in place.


with a dev fund we can pay for everything without donations and the community will start seeing much more as far as direct results.

[crowetic]

C`mon guys i cant believe nobody added this coin yet to Yobit:

https://yobit.net/en/addcoin/

Guys add the coin to yobit so that I can buy some. I`m waiting here for like 1 month to buy some.

but i cant understand one thing here, why if you want to buy burst, you don't use one of the current exchanges where we are?

Because I dont want to have like 1000 exchange accounts. I am usng Yobit and i would like to buy some BURST ffs.

Please guys add it to yobit, i see you guys need some investors, man there are tons of traders there who would pump the price up to 100 satoshi!!!

Just add it to Yobit and all problems will be solved!!

Lol c`mon guys, is it so fucking hard to just add it to Yobit, it would help your currency.

It takes 5 minutes to fill out the form. Seriously WTF guys, please dont be lazy! 

And why can't you spend those damn 5 min.? Laziness...?

No because i have no idea of this coin, you have to fill out some tech specifications there, and i have no clue about this coin whatsoever.

It is the devs that are lazy, this coin needs to be on all exchanges, including where I trade usually at Yobit.

So please somebody add it!

As you can see man, we're sorta a little bit low on people, and in the middle of deciding things that are more important than getting on another exchange right now. Not to mention, if the changes ARE made, the exchanges will need to update anyway, so there's no point in even trying until after we make decisions.

thanks.

[RealBitcoin]

C`mon guys i cant believe nobody added this coin yet to Yobit:

https://yobit.net/en/addcoin/

Guys add the coin to yobit so that I can buy some. I`m waiting here for like 1 month to buy some.

but i cant understand one thing here, why if you want to buy burst, you don't use one of the current exchanges where we are?

Because I dont want to have like 1000 exchange accounts. I am usng Yobit and i would like to buy some BURST ffs.

Please guys add it to yobit, i see you guys need some investors, man there are tons of traders there who would pump the price up to 100 satoshi!!!

Just add it to Yobit and all problems will be solved!!

Lol c`mon guys, is it so fucking hard to just add it to Yobit, it would help your currency.

It takes 5 minutes to fill out the form. Seriously WTF guys, please dont be lazy! 

And why can't you spend those damn 5 min.? Laziness...?

No because i have no idea of this coin, you have to fill out some tech specifications there, and i have no clue about this coin whatsoever.

It is the devs that are lazy, this coin needs to be on all exchanges, including where I trade usually at Yobit.

So please somebody add it!

As you can see man, we're sorta a little bit low on people, and in the middle of deciding things that are more important than getting on another exchange right now. Not to mention, if the changes ARE made, the exchanges will need to update anyway, so there's no point in even trying until after we make decisions.

thanks.

Ok man, but please dont forget to add it on yobit after,

I would really like to trade this coin. Ok good luck with the changes guys!

[kleinstein]

C`mon guys i cant believe nobody added this coin yet to Yobit:

https://yobit.net/en/addcoin/

Guys add the coin to yobit so that I can buy some. I`m waiting here for like 1 month to buy some.

but i cant understand one thing here, why if you want to buy burst, you don't use one of the current exchanges where we are?

Because I dont want to have like 1000 exchange accounts. I am usng Yobit and i would like to buy some BURST ffs.

Please guys add it to yobit, i see you guys need some investors, man there are tons of traders there who would pump the price up to 100 satoshi!!!

Just add it to Yobit and all problems will be solved!!

Lol c`mon guys, is it so fucking hard to just add it to Yobit, it would help your currency.

It takes 5 minutes to fill out the form. Seriously WTF guys, please dont be lazy!  

And why can't you spend those damn 5 min.? Laziness...?

No because i have no idea of this coin, you have to fill out some tech specifications there, and i have no clue about this coin whatsoever.

It is the devs that are lazy, this coin needs to be on all exchanges, including where I trade usually at Yobit.

So please somebody add it!

I think we can help you better, if you ask the tech details you need to know to add it.

But I dont think it is as easy as you imagine, because I checked the form to add new coins. BURST isn't a POW or POS coin, its a POC Coin, so the standard form doesn't help for this coin.

[pinballdude]

Okay, what if we make the following modifications...


1. The cap stays, but coins are added to its total.

2. Rewards are still raised, and decline in reward is lowered. Reward goes to 15k/block now, and reward decline changes to match bitcoin's halving times, by going to 1.455% per month.

3. Transaction fees go up too, minimum goes to 2 or more BURST per transaction, until we believe we can lower it again when there are many more transactions in the network.



This gives incentive for miners to jump back in now and make network bigger again, during this we work our asses off and get the market mods done, mixer AT integrated, etc. Make the market browser better with categories and searchable, etc. Hire a PR company to promote the decentralized market, and get many more users to it.

Get more assets up and running, and work hard to get investors at the same time.

Nice, but some devfund most be established to cover expenses. I think it makes sense that a small part of each block should be devoted to this. Not anywhere near 10% but some.

Fees can also be made relative to the sum sent: Are you sending large amounts, it's not unreasonable with higher fees.

Right, I did forget that part, there will still be a dev fund, and I think 10% is fair, but we can go lower, maybe 8? But it isn't just a dev fund, you can think of it as a future promo, development and just an overall futures fund for the coin...

It will allow us to HIRE devs to do whatever we need, hire graphic designers, whatever the coin needs! I don't see why everyone expects the few members who already put a ton of work into everything to pay for all of this out of their pockets as well, I'm a fairly large miner and I would have absolutely no issue with this percentage going to further the coin.

Then when we can get our p2p voting system implemented, the people with more coin can have more power in helping to decide how that money is spent. So it isn't like there will be an overlord who will decide everything. There will be voting and we will all make decisions, and of course, the ones with a larger stake and thus more invested into the coin will have more of a say. I feel this is ultimately extremely fair.

I would not like if BURST were created or taken from holders to fund a dev fund. It smells too much of taxes and centralized control, and that is not what i think crypto is all about. If big holders wants something done very much, they should pay themselves to have that done, not try to grab control of a money flow that is taken automatically from all the other users.

Those who developed burst to where it is today, and who might have saved up a stash of coins will probably also not really think happy thoughts about the price going lower bc we introduce centralized planning and "taxes".

I'm all for a solution where you have a list of stuff that would be nice to have, and where people voluntarily can fund the stuff they want the most.

[bitladen]

Pinball, everybody would voluntarily do stuff. Really? When will that happen? Will this big holder come out and speak to the community at least? Why haven't they done it already? it's been an year.
There's nothing wrong with a dev tax, especially considering that the block reward will be increasing.
I'm the largest miner here and I'm all for the tax. In fact other than my bounty I don't think anybody ever donated anything for development. Your dev has quit, how can you make your case that we don't need a tax?

And about the bounty. I hear the mixer is ready, would somebody give me a link with a quick howto, so I can check it out and pay the 1M I promised? That is if I'm correct in assuming that the mixer is functional now.

As for voluntarily doing stuff, it's kinda hard to pay for something yourself, while everybody else doesn't. Having a 10% dev fee, will make this actually work, everybody will contribute, nobody will be left out.

As for making contributions to the daemon. I might, if I'm happy with what's going on. I'm not going to contribute to a community that works against me. Surely you can understand that. However, I no longer wish to be the main dev, because as I can see, it just means that I would be the one everybody is asking to work for free, the one to take all the blaim, etc. At least on this part I totally agree with you.


crowetic, we don't need to change the min tx fee. That's regulated by the miners, or pools, if somehow anybody can agree with anybody over here. But I will take the lead and put a min tx fee on my pool, and post the modification to the daemon, if it's not simply a parameter... I will check.

[crowetic]

I suppose it is now obvious that the suggestions I've made as far as appointing a new main dev are not going to be accepted.


Since this is the case, what is the suggestion from anyone else? We open it up for community development? Okay, in theory... but will it actually happen? I'm doubtful.



We try to find another dev willing to literally pay to work and hope their work raises the coin's value?


We continue on without any updates?


What?


I'm not sure, since all my ideas are shut down by everyone. Maybe everyone should help me with the big issues here...


Everything is perfect, BURST never needs anymore updates ever?

We wait for main dev and hope he returns from wherever he went without even telling anyone?


I had someone willing to take over, but the community isn't willing to either help fund the team nor give ideas and a way to carry them out regarding the central development.


what now? seriously...

[bitladen]

community development is the obvious choice for an open source project. I never assumed it wasn't community developed. it just happened there was only one dev. but by all means, everybody should contribute.

[crowetic]

community development is the obvious choice for an open source project. I never assumed it wasn't community developed. it just happened there was only one dev. but by all means, everybody should contribute.

Great, then can we implement the reward changes and start working on the market?


Also, I sent a message to the dev for SIA to see if they'd be interested in integrating their storage and our mining style. If he gets back to me, I'll need a developer to speak with him.

[bitladen]

community development is the obvious choice for an open source project. I never assumed it wasn't community developed. it just happened there was only one dev. but by all means, everybody should contribute.

Great, then can we implement the reward changes and start working on the market?


Also, I sent a message to the dev for SIA to see if they'd be interested in integrating their storage and our mining style. If he gets back to me, I'll need a developer to speak with him.

I can talk to him, of course.

[BurstIncomeAsset]

Ok people we are really liquid, the INCOME asset will provide perpetual income. Today we made again +0.37644% gains , and current daily average is 0.23989%/day (based on our 4 day sample)



https://burstforum.com/index.php?threads/ann-income-asset-decentralized-referral-empire-based-income.839/page-4

People should really buy INCOME now, we need atleast 1 BTC worth of funds to really start making big bucks daily!


Actually I was thinking about (since the BURST price is so low), to give out INCOME shares directly for BTC.

So if you want to purchase INCOME for BTC the price is  150 satoshi / INCOME, which is a lot cheaper than what it costs in BURST, but this way we wont have to sell BURST to convert into BTC (for the investment), so that will not push the BURST price lower.

Minimum amount is 0.001 BTC.

So if anybody is interested you can PM me, and I send you the instructions!


We really need 1 BTC of funds, so buy INCOME!

[Takeshi_Kovacs]

I'd like to add my comments to the discussion on burst.

I've not been very active on here so I'll start by saying a little about myself.

I have been mining burst for quite a while. Not from the very beginning but from a few weeks after it started. I am only mining with disks that were laying around unused at home. I have not sold any coins since October last year so I am holding a decent amount. I am mining solo but I have mined on devs v1 and v2 pools. My miners are all running on fedora but I have mined in the past on XP and w7. I am a professional sw engineer and I have been writing code since the sixties.

OK, that is me, this is what I have to say:

We should not change the way in which block rewards are allocated. We all knew what the rewards were when we started out and we accepted that but there is a stronger reason than just that. If an outsider looks at the coin, what will they think if the elite few running the coin feel that it is OK to change something that basic just one year in? It does not look like the trustworthy foundation that is needed. The same goes for the idea of a dev fund. The coin's elite just arbitrarily saying that they will have ten percent off the top because they want it? What might they do next? This will deter newcomers to the coin whether they are miners, investors or developers.

We should not be looking for some fairy godmother lead developer. First of all as crowetic discovered, somebody like that is hard to find. Furthermore, the coin would then be hostage to that new lead dev's personal situation and wishes. The existing team should work to build a group of devs who can all put in a little time and the core team should work hard to attract and encourage such people.

Some months ago, I made a post on here about using burst as a storage network. Burst is better than the other coins that are trying to do this. We have miners with lots of storage who could repurpose their disk space between plots and storage as the market required. We also have a coin with ATs which could be used to govern the storage contracts. We could use them to make sure not only that clients can pay for storage and that disk farmers can be rewarded but also to ensure that neither party can carry out a "nothing at stake" attack. In my earlier post, I offered to pitch in with development effort to help set that up but none of the coin's core team responded. My offer is still open and I would suggest to the core team that they should consider that and any other offers.

@Irontiga: I believe that you are in godzone. If you are in Ak, perhaps we could meet and chat and if you think that I can help out, you can talk to the rest of the core team.

I would propose the following as action items for the short term:

1) Try to recruit developers who will commit a few hours of their time as and when they can. Create some kind of on-boarding process for these volunteers such as getting the sources off github, making some trivial change and rebuilding all of the files that would make up a release. Just to check that they have the basic technical ability to contribute. Then establish a set of procedures for code reviews before changes to the burst software are accepted. Document that whole process.

2) Build a set of unit tests. We need these if we are going to have a number of devs working on different parts of the code. Any dev who wants to get involved should start there. It's not going to add features but it will make it a lot easier and safer to roll out new features in the future.

3) Setup a group to thrash out a roadmap of new features that will be implemented by the new dev-team over the next 12 months.

4) Perform a review of burst's POC algorithms. I understand that the security of these has been questioned so we should address that. I have a fair understanding of cryptography and I have access to people who work at the bleeding edge in that field so I can help there.

5) Lighten up on the abuse. Name calling and the use of disrespectful miss-spellings of folk's usernames should stop. It does not make the coin any better and it does not make people look any better if they do it.

I have not written anything about PR or white-papers but if we got through the five points above we would have lots to tell the world about and most of what we would need for a white-paper would have been sorted out.

That's it.

[SpeedDemon13]

community development is the obvious choice for an open source project. I never assumed it wasn't community developed. it just happened there was only one dev. but by all means, everybody should contribute.

Great, then can we implement the reward changes and start working on the market?


Also, I sent a message to the dev for SIA to see if they'd be interested in integrating their storage and our mining style. If he gets back to me, I'll need a developer to speak with him.

Someone said that the SIA dev/Taek didn't like Burst for some reason. I would think it's a perfect cross project idea, especially if the plots can some how be converted to usable storage in SIA? Maybe also, have Burst linked some how to ETH, BlockNet and/or SuperNet?

If worst comes to worst, just fork Burst and make a whole new PoC coin....

[bitladen]

community development is the obvious choice for an open source project. I never assumed it wasn't community developed. it just happened there was only one dev. but by all means, everybody should contribute.

Great, then can we implement the reward changes and start working on the market?


Also, I sent a message to the dev for SIA to see if they'd be interested in integrating their storage and our mining style. If he gets back to me, I'll need a developer to speak with him.

Someone said that the SIA dev/Taek didn't like Burst for some reason. I would think it's a perfect cross project idea, especially if the plots can some how be converted to usable storage in SIA? Maybe also, have Burst linked some how to ETH, BlockNet and/or SuperNet?

If worst comes to worst, just fork Burst and make a whole new PoC coin....

technically the plots can't hold data
however it would be possible to do merged mining  POC + some scheme for the storage thing.
Or perhaps integrate a storage market, or build it with AT's. Which is what I really had in mind when I suggested this to crow. So you would give up your plots but rent your storage instead.