You are viewing a single comment's thread from:
RE: BitTorrent Creator now working full time on new AltCoin development! This will be Huge! Imagine a File Sharing Bitcoin system or BitTorrent Mining! Also News on other bitcoin plus bittorrent projects like JoyStream and ZeroNet
While it is certainly agreeable to address the power requirement issue of Bitcoin's (and others) PoW, you managed to have a quite long writeup without mentioning the single true PoC (Proof of Capacity) coin out there: BURST (https://www.burst-coin.org/)
probably because its garbage. It doesnt actually use the space for anything useful, its just a another wasteful pow, wasting hdd space. you cant actually store data on burst, it has the same "waste" problem as normal pow, just instead of energy its wasting hdd space (and some energy)... coins like storj, sia, filecoin, swarm and whatever this guys cooking up actually use the drive space for something useful instead of wasting it.
burst is really really dumb if you actually think about it for a while, and its a complete clustefuck of infighting, ddos and botnets... just ugh, terrible, just terrible... wasting all those harddrives that could be used to store useful data on what? guessing random numbers? thats the exact fukin problem these hdd farming coins are trying to solve: creating a pow that actually does something useful beside provide security: using harddrive space to create a decentralized cloud and incentivize people with crypto to provide their space to the network.
the moment any of these coins can generate more money per TB burst will disintegrate like the shitcoin it is.
While your info about "infighting, ddos and botnets" might have been true some 4 months ago, it is outdated now. I would suggest you "just ugh terrible, just terrible", smoothen your reaction, because based on false premises it makes you look funny.
I agree, that the HDD space in Burst is used for "nothing useful but ensuring transactions". Well - still the advantage to energy-intensive PoW remains: Burst is about 400x more energy efficient.
At the moment "Chia" is purely on paper and a "former famous guy" somehow involved in it.
They are actually looking for developers and from what I see they have not yet much of an idea how to implement their stuff.
So for the time being, Chia is vaporware. You may think Burst is a shitcoin ... well - your preference to dwell in fecal matter is ... your preference. I for one prefer a real existing and working "shitcoin", than vaporware.