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RE: BURST my bubble : an opinion on the dangerous influx of altcoin posts
@kyle.anderson - "Burstcoin, I hate to burst your bubble, but you don't do anything useful and leach market cap from useful projects".
Funny! Burst is solving a problem by conserving energy by being able to mine with your hard drives which proves to be effective with me being one to witness as I am mining myself and absolutely l0ve it! Not everyone has insight into the near future. We are going 'green' ppl!
There will always be ppl who try to discourage others but not this time - https://www.burstnation.com/
I did my h0mework and besides, I mine f0r free ;) If I purchase, it's small change sitN around.
That is fine that you want to speculate around this coin. What I am saying about their POC mining is I believe it is fundamentally flawed. From a security and incentive perspective in adition to being an entire waste to the storage. BTC might burn some serious power, but it does so securing a 18 billion network. If you are worried about being green take a look at Ethereum's Casper algorithm, completely does away with mining altogherther, no waste at all.
Burst is a poor project to donate to
Of course you want people to get on board, them giving legatamacy to your holdings is the only reason your coins have any value.
I guess time will tell and thx f0r the tip on Ethereum's Casper Algo - I don't keep up with Eth, too much going on there lol but you caught my attention to check this out.
I still don't understand why you would feel Burst P0C system is flawed? It's absolutely genius if you ask me and everything is running smooth.
It might seem like everything at this early stage is running smoothly but nothing is taxing the network, from either a security standpoint or a load standpoint.
I outlined a bit as to why I don't think POC is a smart way forward. The economics of storage don't follow the GPU, memory or even ASIC limitations and I would argue does not provide an equal hashing landscape. Even worse, the network is simply wasting the storage. Check out projects like MaidSafe Safecoin or Ethereum Swarm where you will be able to earn money from your hard drive mining, but at the same time providing useful storage to the network.
I see! I never paid any attention to MaidSafe and now know that they too are about hard drive mining. I will do some research on this coin later as well. Thx f0r your opinion, good to see others views as well. Won't hurt me to think on it but hard to get me out of this 'Burst'. BurstNation4Life haha
YEs the fact it uses almost no energy compared to other coins is a huge plus.