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

[crowetic]

I'm cringing at Asset #2  - ByteBank
I've seen too much over the years to smell a ponzi-like setup.  You can never guarantee positive returns with no exposure to losses.  This asset may have all good intentions but the setup is questionable.  it will inevitably become a monster feeding itself: ponzi.
I cringe at this asset.

next asset is closer to reality.

someone please explain to me how I'm wrong about this at first glance?

IF, and ONLY IF we can't get the 2%/month we are looking for(in the day trading worl that is a very reasonable number) we will decrease the interest. We will always allow anyone to sell for 5k Burst, there will be a by order maintained at the price.

Even if 50mill is invested, and we don't get the 1mill per month needed to cover interest, we can cover it for at least a few months ourselves(Byte Ent would cover it, funded by us if things go drastically wrong immediately), but that would not be preferable. I guarantee there will never be any ponzi in this. In fact, we actually really want to increase interest, just we'll take it easy to start with.

We will provide proof every month that we still have the dough to cover every share's 5k Burst.

We will NEVER ponzi out, if we feel things are headed that way, we will place a higher buy wall, and people can get out and we'll end the asset or change it.

[daWallet]

This is indeed a huge and great update 

[mczarnek]

ByteBank sounds very interesting.. I fear that Burst is going to start going up too quickly for you to cover that sooner or later though

[bobafett]

Asset #2  - ByteBank

Asset Name – ByteBank
Total number available – 100 000
Price –  5 000 Burst
Asset Number (ID)– 15398588224704032134

ByteBank is about as smart as it gets in crypto. This asset pays out 2% monthly. You can cash out at any time, so unlike cloud mining, you can earn without ay risk!!

How is this "any time" cashout solved? How can i cash out, if i bought the assets?

[haitch]

Asset #2  - ByteBank

Asset Name – ByteBank
Total number available – 100 000
Price –  5 000 Burst
Asset Number (ID)– 15398588224704032134

ByteBank is about as smart as it gets in crypto. This asset pays out 2% monthly. You can cash out at any time, so unlike cloud mining, you can earn without ay risk!!

How is this "any time" cashout solved? How can i cash out, if i bought the assets?

Crow said in another post that he will maintain a buy wall to buy back the asset at the original price. If you don't think the asset is performing the way you'd like, sell it back to him at any time.

H.

[bobafett]

competition is good for business and risk diversification is highly recommend

-[ANNOUNCEMENT]- First Burstcoin.de Asset
New Asset with 2% Intrest a Month / 24% a Interest a Year / Highly Secure

Asset Name – BdeBank
Total number available – 500.000
Price –  50 Burst
Asset Number (ID)– 4053085726300717216
First payout is the first of April!

2% interest montly! This asset pays out 2% interest monthly.  One B.deBank  Asset = 50 Burst. 2% of 50 Burst = 1 Burst / month payout.

URL: http://www.burstcoin.de/assets/asset_b.debank.pdf

Guaranteed monthly payout! Every first day of the month i will payout all interest of the assets. Regardless how long you are owner oft them. Also if you bought the assets one day before the first.

Save Investment! The interests are covered and backed by my mining system. If all shares are sold, i have to pay 500.000 Burst interest a month. My Miners make average 25.000 Burst per day, whats in a month 750.000 Burst. So the payment of interest is secured forever. Also i am actually bring up more miners, also, look above, this is covert with my burst account with 8.4 Million Burstcoins atm.

Instant Cashout without loss! Also you can cashout anytime. I will buy back the assets from you. Therfore i will place a buy order for every sold asset with a price of 50 Burst. The price what i pay for the payback will decrease 1% every month.  Buywall will be created instantly after the first sales and adapted every first day of the month.

Burstcoin.de is the name oft the german website of burst , with mining guides, best practises, how tos, a manual for beginners, example hardwares from my miners, scripts for tracking the mining tasks, news over burst, etc. and information for the german community is actually daily added.

Bobafett is my username in asktom.cf and burstforum.com.  I´m mining and investing in Burst qfilsince the beginning. I invested over 8500 Euros since now in Burst (bought with btc) and mining hardware. Until now i never sold any of my coins because i really belive this coin has a bright future.

Bobafett is the owner oft the account BURST-AJ63-3W8L-FGBT-2ALZE and now holding over 8.4 Million Burst and is now Top 11 of all Burst holders .

Bobafett is  mining with over 120TB every day and my next miner is acutally plotting. My daily minded income of burst are between 20.000 and 30.000 Burst.

[bensam1231]

So the new thing with AT assets is to fund other miners?

Just a FYI, these assets are simply being used to increase hashing power on the network, which of course decreases your income if you're currently mining, and since the price is essentially being held by people holding rather then selling, the price will drop.

It'd be different if you guys were playing a different market besides Burst. Playing the market is the same as shitting where you sleep. Do it some where else. People generally want Burst to rise and that's best for Burst, eating any amount of rise out of the market doesn't help it, it just helps the downtrend of dumps.

You know, something like Burst Long Term Price Support before that fell apart...

[Blago]

Crow said in another post that he will maintain a buy wall to buy back the asset at the original price. If you don't think the asset is performing the way you'd like, sell it back to him at any time.

H.

check PM

[coinits]

Has anyone ever been able to get a GTX 750 TI to plot? If so. Please tell me how.

Thanks

[Irontiga]

So the new thing with AT assets is to fund other miners?

Just a FYI, these assets are simply being used to increase hashing power on the network, which of course decreases your income if you're currently mining, and since the price is essentially being held by people holding rather then selling, the price will drop.

It'd be different if you guys were playing a different market besides Burst. Playing the market is the same as shitting where you sleep. Do it some where else. People generally want Burst to rise and that's best for Burst, eating any amount of rise out of the market doesn't help it, it just helps the downtrend of dumps.

You know, something like Burst Long Term Price Support before that fell apart...

Mate, our assets will push Burst's price UP. We don't want to dump! Of the 5k Burst per asset that we get with ByteBank, only a percentage of it will be traded with. If we see that Burst is going hard out up, we will quite likely just hold and cover the 2%. Another month we may end up seeing Burst is gonna drop hard, so we may see 30% of ByteBank and buy it up again. Every single Burst we sell we  will buy back more. Oh, and we pref to use buy and sell orders, so we're ctually just providing liquidity!

[mmmaybe]

Has anyone ever been able to get a GTX 750 TI to plot? If so. Please tell me how.

Thanks

Sorry. can't find them now, but my posts of those cards is somewhere in https://burstforum.com/index.php?threads/gpu-plot-generator.45/page-17. If I use three cards on one rig, I get quite decent speed.

[bobafett]

So the new thing with AT assets is to fund other miners?

Just a FYI, these assets are simply being used to increase hashing power on the network, which of course decreases your income if you're currently mining, and since the price is essentially being held by people holding rather then selling, the price will drop.

It'd be different if you guys were playing a different market besides Burst. Playing the market is the same as shitting where you sleep. Do it some where else. People generally want Burst to rise and that's best for Burst, eating any amount of rise out of the market doesn't help it, it just helps the downtrend of dumps.

You know, something like Burst Long Term Price Support before that fell apart...

Mate, our assets will push Burst's price UP. We don't want to dump! Of the 5k Burst per asset that we get with ByteBank, only a percentage of it will be traded with. If we see that Burst is going hard out up, we will quite likely just hold and cover the 2%. Another month we may end up seeing Burst is gonna drop hard, so we may see 30% of ByteBank and buy it up again. Every single Burst we sell we  will buy back more. Oh, and we pref to use buy and sell orders, so we're ctually just providing liquidity!

I statet in my asset describtion that until now i never sold a single burst. And i will not sell any burst i get from my asset.  And thats a promise! I can cover all intrest that i have to pay with my miners. So i also do not spend these burst fir increasing mining power!

[crowetic]

I'm currently moving, all my systems are down and I won't have an internet connection aside from what I can get with my cell phone. Shitty. But yea, that's where I am if anyone starts wondering. I should be around regardless hopefully, but yea.

[coinits]

Has anyone ever been able to get a GTX 750 TI to plot? If so. Please tell me how.

Thanks

Sorry. can't find them now, but my posts of those cards is somewhere in https://burstforum.com/index.php?threads/gpu-plot-generator.45/page-17. If I use three cards on one rig, I get quite decent speed.

I have 4 on one rig. I will look. Thanks.

[crazyearner]

Any Burst devs software devs, pool owners can you guys take a look into this for API intergration looks a cool tool maybe to have working for the pools.

https://asktom.cf/index.php?topic=569924.msg10693862#msg10693862

Any chance to support Burstcoin on this with Proof Of capacity with Hard drive mining ?

Thanks for the request. I just reached out to burstcoin.eu in regards to an API that cryptoglance can use. I'll let you know what the response is from those developers.

does look nice and would be a good addition to the coin and pools would make monitoring miners a lot better.

[mmmaybe]

We now have our mainsite burstcoin.info, but with the help of boba we are now also featured on German: burstcoin.de.

We think this will be a step to spread the word of BURST to a wider audience. The sites should be hosted on independent vpser, amd offer a good translation of the content of burstcoin.info (NO GOOGLE!!)

For each of the translations I off 25,000 BURST.

Anyone want to add to the price pool is free to do so, to increase the incitements to actual do the more. If we got this 100,000 BURST, I believe the work to done soon. Updates will be presented in this post. If you want to contstribute and to what PM me.

The language translation we are especially interested be:

- Chines          25,000
- Japan           25,000
- India            25,000
- Italian          25,000
- Spain           25,000  
- Portuguese   25,000
- France         25,000
- Polish          25,000

Help will installation can be requested. Help with domain buys and vps rent can be requested.



So how important do you think these marked could be for BURST? Please donate some coins and let the development/translation begin:D

[tokeweed]

A friend of mine mentioned that Vitalik Buterin of Ethereum said that POC has a flaw and that someone can attack the network and cause a double spend.  He said it was posted on Reddit.  But I can't find it anywhere.  Is this true?  If so can someone post the link?  ty

[haitch]

A friend of mine mentioned that Vitalik Buterin of Ethereum said that POC has a flaw and that someone can attack the network and cause a double spend.  He said it was posted on Reddit.  But I can't find it anywhere.  Is this true?  If so can someone post the link?  ty

If such a flaw existed the price/value of Burst would have collapsed. As it has not, I doubt the flaw exists, but feel free to get your friend to post the proof of attack here.

[tokeweed]

A friend of mine mentioned that Vitalik Buterin of Ethereum said that POC has a flaw and that someone can attack the network and cause a double spend.  He said it was posted on Reddit.  But I can't find it anywhere.  Is this true?  If so can someone post the link?  ty

If such a flaw existed the price/value of Burst would have collapsed. As it has not, I doubt the flaw exists, but feel free to get your friend to post the proof of attack here.

He told me he read a post on Reddit.  I really didn't pay that much attention to it.  I remembered it again when I bought some Burst a few days ago.  I was looking for the post but couldn't find it.  So I'm asking maybe someone here knows...?

[FakeAccount]

A friend of mine mentioned that Vitalik Buterin of Ethereum said that POC has a flaw and that someone can attack the network and cause a double spend.  He said it was posted on Reddit.  But I can't find it anywhere.  Is this true?  If so can someone post the link?  ty

Vitalik posted here:
https://www.cryptocoinsnews.com/cryptocurrency-burst-makes-smart-contracts-reality-happened-ethereum/

not sure where reddit comments are I'd be interested in reading them.

I posted couple times about this (or similar concern) a while back here:
https://asktom.cf/index.php?topic=731923.msg10294205#msg10294205
and here:
https://asktom.cf/index.php?topic=731923.msg10295020#msg10295020 However, this comment of mine, was to a post that someone has now deleted...

I could never get to the bottom of understanding Vitalik's claims, anyone want to clarify it please?