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

[tonycamp]

burst coin its like no much profitable but fun to mine i dont see as a 10 dollars month income but as a block time to serch and some rewards into pools i like my 5TB to mine just for fun and what i dont like its the 30 satoshis now prefered like 70 to 80 to 200 of course but if not happens well i might keep mining still

[bobafett]

I haven't posted here for a few months now but what is this talk about taking block reward to devfund? this has to be a joke right? there is no way thats gonna work.

Also raising the block reward won't attract new miners. It will only turn on the cloud-mining that was shutdown when burst hit ~30-40 satoshi, now it's not worth mining so they shut it down. If you want an even lower price of burstcoin then yes increase the block reward because it will cause more dumping - because now cloudmining is profitable again.

i dont know anybody who has a useful working cloud mining szenario. exept perhaps bin.

[italianMiner72]

I haven't posted here for a few months now but what is this talk about taking block reward to devfund? this has to be a joke right? there is no way thats gonna work.

Also raising the block reward won't attract new miners. It will only turn on the cloud-mining that was shutdown when burst hit ~30-40 satoshi, now it's not worth mining so they shut it down. If you want an even lower price of burstcoin then yes increase the block reward because it will cause more dumping - because now cloudmining is profitable again.

+1

hi guys..
i don't understand...
there is a new block reward algo?
or dev are just talking about the possibility to change it?

[bobafett]

there is just a discussion about that.

our dev is gone and not reachable for months now.

the only one atm perhaps who could at least release a new version with the from himself proposed changes is bitladen, but it is not clear, if the community will follow.

so atm nothing will change until bin concretizes his plans. hes talking for month now about this changes, but also nothing happens....

[italianMiner72]

there is just a discussion about that.

our dev is gone and not reachable for months now.

the only one atm perhaps who could at least release a new version with the from himself proposed changes is bitladen, but it is not clear, if the community will follow.

so atm nothing will change until bin concretize his plans. hes talking for month now about this changes, but also nothing happens....

i really don't understand why the dev is gone...
i see his last post was on: June 16, 2015, 02:35:26 AM.

a long time ago!!!

but there is a official reason for his leave?

[Elmit]

I like the company idea, but wouldn't we end up in pretty close to the same situation with the need for investors?

You need to convince investors that the company will make money down the line.
If the investors can buy BTC and not really have to fiddle with BURST, you have a somewhat larger audience, however their asset holdings should probably be registered in the BURST chain,so an investor would need help to have a wallet established with a secure password that has not been leaked. ( or a thief could move the assets off the account )

The great thing about the company is that the company is seperate from the core dev group. The core dev group can still make sure BURST is stable and true to whatever the larger group of users want. The company owners can speed up development of services and whatever BURST stuff is needed to establish such services, and make money off the products. Company could also run mining pools or websites related to burst, if the company thinks such websites could be profitable, or somehow raise the burst price enough to warrant development.

Suppose the company developed file storage in burstcoin.  The dev team would then still have the final say about if and when the file storage stuff is relased in burstcoin, but the feature is done, and the company will be first in line to profit off such a feature, as the company has the best tech insight, and have had time to develop ways to profit from the new infrastructure. The company might release a file storage mining pool close to day 1, and offer to lease the source for the pool to other people who want to own a file storage pool. revenues from FS pool and lease to others could then over time generate a nice ROI of the company money spent on software development.

Suppose the company developed coin anonymization support in BURST.  as soon as the new version was released, the company would have a website ready and be marketing it to users. Company would have a head start with the stuff it sponsors, as it has the knowledge and of course it might have had influence on the feature set so that the capabilities match well with company needs.

With a good story, and with marketing both inside and outside burst community, you might have an easy sell.

Basically, funding a company that will drive development of services and products that utilize BURST, a company dedicated to grow and make money by being first mover in new technologies. Opportunity for shareholders to get in at a low price, in a company that could be a major player in select areas like encrypted anonymouse file storage, areas like crypto finance, areas like automated transactions - bleeding edge stuff..

The more I think about it, the more I like it, and I would very much enjoy setting up and running something like this. There would be need for initial investment for promotion and I could do as much twitter and forum promotion in various areas of this forum to promote it.

Do you think this would have to be another separate company completely? Or could I wrap it together as part of my existing company something like I did with ByteEnterprises?

The whole thing I keep thinking about though, is the idea that we'd still be in need of investors, however, it shouldn't be THAT hard to find people who'd be more willing to invest in a company than a particular coin, even if that company is working almost solely for that particular coin's technology. The company wouldn't necessarily be fully limited to that coin either. If there WERE a clone that came out, said company would be most likely interested in that as well, as the technology would be available there as well.

very interesting. I wonder if this could be something I could make happen.

One thing though, is that the stuff we're working with is open source, so what would keep others from just ripping off the ideas we paid to have developed and doing it themselves? Not quite the same as the company you formed for the idea you mentioned.

Looking for external funding, a version of this has been the search for seed money from angel investors and early stages venture capital firms and establish contact over Twitter that Karl Perkins and I have been working on for a while, and I informed you, crowe, about. Recently something new started to happened: "they" have started to find us too, and not just the other around.

But as I said: investors want something. Seed money does necessarily need to be in the form of money, as when they leave the process, the company is really small (and luckily replaced by more established VCs), but they want some in return for that initial investment: shares, representatives, advisers, etc.

This area of funding attract a great deal of crowdfunding companies too.

You can have a look at my Karl resp. my Twitter (we have also worked with anonymous accounts which I wont name here):

https://twitter.com/YepOnlyOne

https://twitter.com/karl_perkin

Click on Followers and Following.

I cannot see how this could work.
A company would include REAL persons, but here are only anonymous.
Investor would deal with real company only, but there is nothing, but marketing people. No developer. I see no chance that somebody would invest in such a construct.
The investor would also demand some profit in return, however, the tech guys are not there and without the marketing guys are story tellers.
The money would go to the marketing guys and how would it end up in the opensource community?

Look at Bitcoin, now there are real people, ...

[Hix]

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.

WHAT? Can you tell me, how "up Reward goes to 15k/block" will be help to up the price ? Miners come again... mine and dump it by lower price. This is stupid plan!

[duncan_idaho]

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.

WHAT? Can you tell me, how "up Reward goes to 15k/block" will be help to up the price ? Miners come again... mine and dump it by lower price. This is stupid plan!

Agree with You. Everyone see that, but we have here 1-2 person with lot off hashpower who wants to dump it and make more profit.

[pinballdude]

Noo, this is unfair to initial investors and miners. The only fair way to do it is to leave it at current reward or change the decrease to 1% or whatever, or leave it as it is. It's not fair to raise the reward from where it is now, as then the miners mining for the past few months have got a raw deal. Total cap can be increased i suppose. Just hard with how price has moved downwards....I really think we should focus not on burst's poc core, but rather on file sharing and an awesome wallet.

More or less the coin is dead and we can change whatever is useful.
I agree with the changes!

The coin is nowhere near dead, there are lots of transactions and way too much hash power compared to the price.. it's the price that is the problem, and the low price is mainly miners that sell as soon as they get their coins. This puts too much pressure on the coin at the moment, because we don't have enough people buying and holding, not enough people buying for use later on. As price go lower, more miners will quit, and the remaining will get more coins. Hopefully - but we frankly do not know - the quitting miners are those that sell whatever they mine right away. If we REDUCED coins per block, then we would reduce the selling pressure the same amount and start having higher prices. however, i strongly advice against changing the payout structure - it is unfair to those already in the coin that made desicions based on the original setup. If the coin gets a reputation that we change the rules on such important things as reward and inflation - then the coin will not be used by people to hold , and the price will crash towards zero.

But the coin is not dead. I see transactions, and i see a baseTarget (difficulty) aroind 1.6 million, that is quite a huge network by any means, especially considering the market cap currently.

In an inflationary environment, by printing more money, you take from everyone and give to the ones who get the new money - they get to spend these money before the inflation works through the system. If a miner don't believe in the longterm value of the coin, he will mine and sell immediatly to get the most advantage of his newly printed money.   We have to have inflation while we print the 2B burstcoins, but we should certanly not have more than that, and we must try to make the BURST future seem bright enough so that miners won't sell more than the market can bear. If you look at transactions, a lot of the selling is from miners.


At some point the coins generated will be less than the buying pressure on the markets. From that point on, the price will rise. (assuming we get enough features in, and enough marketing out, that the world wants to use the coin at all)

[Elmit]

At some point the coins generated will be less than the buying pressure on the markets. From that point on, the price will rise. (assuming we get enough features in, and enough marketing out, that the world wants to use the coin at all)

That is poor baseless dreaming. What makes you sure that such a point will exist, what would create such point to increase the price?
What are the features, you are believing would make the world wanting the coin at all?

We do have great features, and still nobody wants the coin! AT, crowdfunding, lottery, assets, escrow, ...

I believe only a targeted marketing could bring us to such a point. For this more than two people on Twitter are necessary!

[pinballdude]

I cannot see how this could work.
A company would include REAL persons, but here are only anonymous.
Investor would deal with real company only, but there is nothing, but marketing people. No developer. I see no chance that somebody would invest in such a construct.
The investor would also demand some profit in return, however, the tech guys are not there and without the marketing guys are story tellers.
The money would go to the marketing guys and how would it end up in the opensource community?

Look at Bitcoin, now there are real people, ...

A burstcoin company has accounts as owners, mostly, people control the accounts.
investors will have documented ownership via the burstcoin blockchain. The proof is on lots of computers around the world. Much more safe than a word document company register at a lawyer or an auditor.

the company formation is something like this

0) management decides how they will compensate themselves, smart move would be compensation via company shares, and of course $$ payback of any outlays there might be
1) describe the idea, determine how much mkt. cap the initial offering should raise
2) contact investors, sell shares, put in existing assets from management to get shares to management
3) now you have money and income generating assets, so time to figure how to hire developers to do new stuff, as cheaply as possible.

Investors know they own the income generating assets, and they know the company has a lot of money to make things happen quicker than individuals or people who first need to find money.
I'm sure you can find some people if you are well connected. I would aim for $1M marketcap and i would put in the bylaws that at most 1% of the marketcap can be spent every month, so investors know the
money stays and they can sell again at a reasonable price. Company should also agree to do monthly informal accounting, so investors and traders know what happened, what is the current NAV, what is in the budget.

Company is clearly for-profit, and it is just a lucky side-effect that the company will also grow BURST with services and features - and when needed, help the community with organizing stuff.
Coin is clearly open source, voluntary and decentralized. company should not dictate anything coin-tech wise unless it can gain almost universal acceptance. even non-company shareholders should love the company for what it do and the valuable services it provides.

[pinballdude]

At some point the coins generated will be less than the buying pressure on the markets. From that point on, the price will rise. (assuming we get enough features in, and enough marketing out, that the world wants to use the coin at all)

That is poor baseless dreaming. What makes you sure that such a point will exist, what would create such point to increase the price?
What are the features, you are believing would make the world wanting the coin at all?

We do have great features, and still nobody wants the coin! AT, crowdfunding, lottery, assets, escrow, ...

I believe only a targeted marketing could bring us to such a point. For this more than two people on Twitter are necessary!

I want the coin. I mine and hold bc i see value.
i am not alone, not at all alone.
even with only the feature set today, the coin could be worth a lot more, if services were built up around it.
Also, it is evident that there ARE buyers on the exchanges, so i would assume that lower selling pressure will translate into rising prices at some point. Before bitladen had his 2tb and dumped them, we were above 100 sat.  That might be because the miners back then mostly mined and held. Perhaps bitladen is planning to sell his 2TB and buy a lot of burst on the cheap, that is almost the only thing that makes sense reg. what he has done over time. He could not drive the price down much more effectively than he has done.

[duncan_idaho]

At some point the coins generated will be less than the buying pressure on the markets. From that point on, the price will rise. (assuming we get enough features in, and enough marketing out, that the world wants to use the coin at all)

That is poor baseless dreaming. What makes you sure that such a point will exist, what would create such point to increase the price?
What are the features, you are believing would make the world wanting the coin at all?

We do have great features, and still nobody wants the coin! AT, crowdfunding, lottery, assets, escrow, ...

I believe only a targeted marketing could bring us to such a point. For this more than two people on Twitter are necessary!

I want the coin. I mine and hold bc i see value.
i am not alone, not at all alone.
even with only the feature set today, the coin could be worth a lot more, if services were built up around it.
Also, it is evident that there ARE buyers on the exchanges, so i would assume that lower selling pressure will translate into rising prices at some point. Before bitladen had his 2tb and dumped them, we were above 100 sat.  That might be because the miners back then mostly mined and held. Perhaps bitladen is planning to sell his 2TB and buy a lot of burst on the cheap, that is almost the only thing that makes sense reg. what he has done over time. He could not drive the price down much more effectively than he has done.

Exactly. He is trying to brainwash us. I understand why Elmit support him. Obvoius troll is obvious, but crowetic? Wake up guys. Don't touch burstcoin fundaments.

[newuser01]

At some point the coins generated will be less than the buying pressure on the markets. From that point on, the price will rise. (assuming we get enough features in, and enough marketing out, that the world wants to use the coin at all)

That is poor baseless dreaming. What makes you sure that such a point will exist, what would create such point to increase the price?
What are the features, you are believing would make the world wanting the coin at all?

We do have great features, and still nobody wants the coin! AT, crowdfunding, lottery, assets, escrow, ...

I believe only a targeted marketing could bring us to such a point. For this more than two people on Twitter are necessary!

I want the coin. I mine and hold bc i see value.
i am not alone, not at all alone.
even with only the feature set today, the coin could be worth a lot more, if services were built up around it.
Also, it is evident that there ARE buyers on the exchanges, so i would assume that lower selling pressure will translate into rising prices at some point. Before bitladen had his 2tb and dumped them, we were above 100 sat.  That might be because the miners back then mostly mined and held. Perhaps bitladen is planning to sell his 2TB and buy a lot of burst on the cheap, that is almost the only thing that makes sense reg. what he has done over time. He could not drive the price down much more effectively than he has done.

Exactly. He is trying to brainwash us. I understand why Elmit support him. Obvoius troll is obvious, but crowetic? Wake up guys. Don't touch burstcoin fundaments.

Exactly this.

He(and most likely many more) are cloudmining and because low price it is now unprofitable so he(they) wants to increase reward so he(they) can start cloudmining again and dump for easy money.. increasing reward doesn't attract new miners - whoever said that is just plain dumb.

[Elmit]

I cannot see how this could work.
A company would include REAL persons, but here are only anonymous.
Investor would deal with real company only, but there is nothing, but marketing people. No developer. I see no chance that somebody would invest in such a construct.
The investor would also demand some profit in return, however, the tech guys are not there and without the marketing guys are story tellers.
The money would go to the marketing guys and how would it end up in the opensource community?

Look at Bitcoin, now there are real people, ...

A burstcoin company has accounts as owners, mostly, people control the accounts.
investors will have documented ownership via the burstcoin blockchain. The proof is on lots of computers around the world. Much more safe than a word document company register at a lawyer or an auditor.

the company formation is something like this

0) management decides how they will compensate themselves, smart move would be compensation via company shares, and of course $$ payback of any outlays there might be
1) describe the idea, determine how much mkt. cap the initial offering should raise
2) contact investors, sell shares, put in existing assets from management to get shares to management
3) now you have money and income generating assets, so time to figure how to hire developers to do new stuff, as cheaply as possible.

Investors know they own the income generating assets, and they know the company has a lot of money to make things happen quicker than individuals or people who first need to find money.
I'm sure you can find some people if you are well connected. I would aim for $1M marketcap and i would put in the bylaws that at most 1% of the marketcap can be spent every month, so investors know the
money stays and they can sell again at a reasonable price. Company should also agree to do monthly informal accounting, so investors and traders know what happened, what is the current NAV, what is in the budget.

Company is clearly for-profit, and it is just a lucky side-effect that the company will also grow BURST with services and features - and when needed, help the community with organizing stuff.
Coin is clearly open source, voluntary and decentralized. company should not dictate anything coin-tech wise unless it can gain almost universal acceptance. even non-company shareholders should love the company for what it do and the valuable services it provides.

If I would be an investor, then your words did not open my wallet ;-)

[Elmit]

At some point the coins generated will be less than the buying pressure on the markets. From that point on, the price will rise. (assuming we get enough features in, and enough marketing out, that the world wants to use the coin at all)

That is poor baseless dreaming. What makes you sure that such a point will exist, what would create such point to increase the price?
What are the features, you are believing would make the world wanting the coin at all?

We do have great features, and still nobody wants the coin! AT, crowdfunding, lottery, assets, escrow, ...

I believe only a targeted marketing could bring us to such a point. For this more than two people on Twitter are necessary!

I want the coin. I mine and hold bc i see value.
i am not alone, not at all alone.
even with only the feature set today, the coin could be worth a lot more, if services were built up around it.
Also, it is evident that there ARE buyers on the exchanges, so i would assume that lower selling pressure will translate into rising prices at some point. Before bitladen had his 2tb and dumped them, we were above 100 sat.  That might be because the miners back then mostly mined and held. Perhaps bitladen is planning to sell his 2TB and buy a lot of burst on the cheap, that is almost the only thing that makes sense reg. what he has done over time. He could not drive the price down much more effectively than he has done.

I am not convinced ;-)
Why do you want the coin? The price is dropping, you cannot buy many things with it, you cannot use it - So why do you want it NOW?
If I look at the exchanges, there is an order book for buying of 1.68 BTC on Bittrex and 4.35 BTC on Poloniex, BUT there are sell orders of 1108 and 64 BTC.
I see that not as a great buying.
I can not see a proof of your argument that BinLaden moved the price down. Can you?
Miners are not investors, they need to pay the bill and will always do that with the mined coins!

[Elmit]

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.

WHAT? Can you tell me, how "up Reward goes to 15k/block" will be help to up the price ? Miners come again... mine and dump it by lower price. This is stupid plan!

Agree with You. Everyone see that, but we have here 1-2 person with lot off hashpower who wants to dump it and make more profit.

You need to start to think out of the box. Where are we now with the coin? What do we want? How can we achieve it. It is way too easy to say: I don't agree.
Bring your suggestions to the table and tell us why!

[Elmit]

At some point the coins generated will be less than the buying pressure on the markets. From that point on, the price will rise. (assuming we get enough features in, and enough marketing out, that the world wants to use the coin at all)

That is poor baseless dreaming. What makes you sure that such a point will exist, what would create such point to increase the price?
What are the features, you are believing would make the world wanting the coin at all?

We do have great features, and still nobody wants the coin! AT, crowdfunding, lottery, assets, escrow, ...

I believe only a targeted marketing could bring us to such a point. For this more than two people on Twitter are necessary!

I want the coin. I mine and hold bc i see value.
i am not alone, not at all alone.
even with only the feature set today, the coin could be worth a lot more, if services were built up around it.
Also, it is evident that there ARE buyers on the exchanges, so i would assume that lower selling pressure will translate into rising prices at some point. Before bitladen had his 2tb and dumped them, we were above 100 sat.  That might be because the miners back then mostly mined and held. Perhaps bitladen is planning to sell his 2TB and buy a lot of burst on the cheap, that is almost the only thing that makes sense reg. what he has done over time. He could not drive the price down much more effectively than he has done.

Exactly. He is trying to brainwash us. I understand why Elmit support him. Obvoius troll is obvious, but crowetic? Wake up guys. Don't touch burstcoin fundaments.

Get something more to the table than just: I don't want that.
Use your brain/imagination, color it if you want, but tell us why you cannot or do not want understand what crow proposes.
It makes sense to me what he said, but absolutely no sense what you said.

[Elmit]

At some point the coins generated will be less than the buying pressure on the markets. From that point on, the price will rise. (assuming we get enough features in, and enough marketing out, that the world wants to use the coin at all)

That is poor baseless dreaming. What makes you sure that such a point will exist, what would create such point to increase the price?
What are the features, you are believing would make the world wanting the coin at all?

We do have great features, and still nobody wants the coin! AT, crowdfunding, lottery, assets, escrow, ...

I believe only a targeted marketing could bring us to such a point. For this more than two people on Twitter are necessary!

I want the coin. I mine and hold bc i see value.
i am not alone, not at all alone.
even with only the feature set today, the coin could be worth a lot more, if services were built up around it.
Also, it is evident that there ARE buyers on the exchanges, so i would assume that lower selling pressure will translate into rising prices at some point. Before bitladen had his 2tb and dumped them, we were above 100 sat.  That might be because the miners back then mostly mined and held. Perhaps bitladen is planning to sell his 2TB and buy a lot of burst on the cheap, that is almost the only thing that makes sense reg. what he has done over time. He could not drive the price down much more effectively than he has done.

Exactly. He is trying to brainwash us. I understand why Elmit support him. Obvoius troll is obvious, but crowetic? Wake up guys. Don't touch burstcoin fundaments.

Exactly this.

He(and most likely many more) are cloudmining and because low price it is now unprofitable so he(they) wants to increase reward so he(they) can start cloudmining again and dump for easy money.. increasing reward doesn't attract new miners - whoever said that is just plain dumb.

You should start to read your own answers. Didn't you argue, that the price would go more down with a higher reward? So what now? Flip the coin and make up your mind.

Fact is that we have no developer, no USED features, no PROMOTED features, a couple of thinkers who are not able to think beyond their breakfast. GET UP OF YOUR CHAIR and do something.

Price gone down to 26, while we speak.

Pool Statistics
Current time: 2015-09-11 10:24:48 UTC
Block: 141,565
Difficulty: 7,750
Est. Networksize (PB): 8.1260931326383

BURST.MiningHere.com
Pool balance: 61,495
Registered Miners: 281

burst.ninja
Pool balance: 18,944
Registered Miners: 405

burst.poolto.be
Pool balance: 4,625
Registered Miners: 255

cryptomining.farm
Pool balance: 189,407
Registered Miners: 1,863

DevPool v2
Pool balance: 590,803
Registered Miners: 556

mining.tompool.org
Pool balance: 277
Registered Miners: 56

pool.blago
Pool balance: 0
Registered Miners: 114

pool.burstcoin.de
Pool balance: 25,689
Registered Miners: 121

pool.burstcoin.it
Pool balance: 38
Registered Miners: 55

[newuser01]

At some point the coins generated will be less than the buying pressure on the markets. From that point on, the price will rise. (assuming we get enough features in, and enough marketing out, that the world wants to use the coin at all)

That is poor baseless dreaming. What makes you sure that such a point will exist, what would create such point to increase the price?
What are the features, you are believing would make the world wanting the coin at all?

We do have great features, and still nobody wants the coin! AT, crowdfunding, lottery, assets, escrow, ...

I believe only a targeted marketing could bring us to such a point. For this more than two people on Twitter are necessary!

I want the coin. I mine and hold bc i see value.
i am not alone, not at all alone.
even with only the feature set today, the coin could be worth a lot more, if services were built up around it.
Also, it is evident that there ARE buyers on the exchanges, so i would assume that lower selling pressure will translate into rising prices at some point. Before bitladen had his 2tb and dumped them, we were above 100 sat.  That might be because the miners back then mostly mined and held. Perhaps bitladen is planning to sell his 2TB and buy a lot of burst on the cheap, that is almost the only thing that makes sense reg. what he has done over time. He could not drive the price down much more effectively than he has done.

Exactly. He is trying to brainwash us. I understand why Elmit support him. Obvoius troll is obvious, but crowetic? Wake up guys. Don't touch burstcoin fundaments.

Exactly this.

He(and most likely many more) are cloudmining and because low price it is now unprofitable so he(they) wants to increase reward so he(they) can start cloudmining again and dump for easy money.. increasing reward doesn't attract new miners - whoever said that is just plain dumb.

You should start to read your own answers. Didn't you argue, that the price would go more down with a higher reward? So what now? Flip the coin and make up your mind.

Yes I did, twice. Do you need help understanding why?