Some stuff i had to clear i guess



  • @haitch , but I read people saying that the divs on assets dried up? Why?


  • admin

    @rds Assets that don't earn their income in Burst but instead trade Altcoin X for Burst, are going to be paying out significantly fewer Burst, even though it's the same fiat value. Assets that earn directly in Burst, like mining assets, however, will continue to payout the same amount of Burst, which is a significantly higher fiat value.

    Assets like mine and Focus's Flex which are based on a mixture of assets will do ..... I don't know, time will tell.



  • @rds Problem is people often want to ROI in terms of Burst and not in USD value, and when payout becomes smaller in Burst it takes more and more time to ROI.



  • @haitch , ok, got it, but until I can buy my bread at the grocery store with Burst, the fiat value is what counts and the divs are still paying the same fiat value, so I don't see the big concern. Markets move always, this one is no different.


  • admin

    @rds it's an investor education thing to show them they're still getting the same fiat ROI as they were, but also the realization that they would have gotten a much higher profit if they'd just held the Burst instead of investing in an asset.



  • @haitch said in Some stuff i had to clear i guess:

    @rds it's an investor education thing to show them they're still getting the same fiat ROI as they were, but also the realization that they would have gotten a much higher profit if they'd just held the Burst instead of investing in an asset.

    HAha, it's always easy to see what should have been done after the fact, that' why they call me Capt. Hindsight :)


  • admin

    @rds Yep, if we all knew what the market was going to do, we'd all be friggin' rich.



  • @rds , here's an exercise in hindsight:

    Last week or so ago I took ~$3600 in USD, converted it into BTC at price who cares and immediately bought Burst at 177 sats. I sent that Burst to someone who I was buying an item from him (you know who/what I'm referring to). Today, at Burst=500 sats, did I pay 500/177*3600=$10,000? Also, if the seller converted the Burst to fiat anywhere between the 177 and 500 did he lose value? I say no to both. I took fiat I didn't have invested in Burst to exchange for an item. The seller ultimately wanted the Burst for fiat to pay for something else, the fact that either of us could have made out better than we did is only a matter of hindsight.



  • @rds I would say nothing to do with hindsight and everything to do with a ridiculous exchange risk taken by the two of you on this journey from $ - BTC - Burst - BTC - S

    Rich :-)



  • anyone who didn't see a collapse of the asset exchange when the value of burst is pumped, is blind...this is market correction at work...i sold all my assets not miners, pools or casino a few weeks ago ...



  • @haitch that's the thing some ppl did know and now are Rich



  • I would like to point out that this time last year we were at 43 satoshi.

    alt text

    Imagine where we will be a year from now with a nice, steady, and investor friendly increase.



  • @socalguy that would be the optimal goal. the nice stable increase not these fucking pumps. a coin like this can't got fucking 12x in a few months, hence why i did what i did

    i'm all for the price increase. it needs to increase, but not like this



  • That would be the ultimate goal. Yet I'm not going to try and keep it suppressed. If it wants to go past 1000 satoshi, who am I to judge.

    For the record, I disagree with what you tried to do. That was a bad call on your part imo. The market should always flow with what the traders believe the value should be. Not because of a few traders.

    Lesson learned I'm not going to lose sleep over it. :)



  • @socalguy i respect that view

    I also respect the fact that the community pointed out my mistake and understood. I now realize it as well. Who the hell am i to interfere ? At the end of the day, i shouldn't care and i won't.

    For everyone reading this, i apologize. I was wrong.
    As far as adam goes forcing crow into that video... well , prepare your anus fat man and next time have the balls to come at me right on

    That being said, time to focus on my baby. we have shit to do in 402 :)


  • admin

    @nameless What you did wasn't wrong, it was misguided. You did what you thought was right for the community, on behalf of the community.

    I'm sorry you, Crow and others got so burnt in this action. As I said it was misguided, but I understand it was done with good, even noble, intentions.

    That said, seeing as you're banned over there - make this the GO TO place for 402, and carry on making this asset even more awesome. The AE will recover, but we need to find a way to better educate investors.



  • @haitch , thank you

    I'm actually not banned on BN - only my threads got shut down lol . But i left anyway

    We all need to work on the investor education part. I think i'll start a series of videos very soon



  • @nameless @socalguy there is a common misconception that altcoins has a free market, the harsh reallity is all altcoins are controlled by someone with deep pockets. It way to lucrative of an oportunity to not be used.


  • admin

    @nameless Not banned? Wow - I got banned and had my post deleted when I corrected Adam on facts about me. You not getting banned for "Conspiring" against him is surprising, and interesting. And I like investigating interesting things ......

    But just to say again - you will not be shutdown or censored here.



  • @nameless said in Some stuff i had to clear i guess:

    @socalguy that would be the optimal goal. the nice stable increase not these fucking pumps. a coin like this can't got fucking 12x in a few months, hence why i did what i did

    i'm all for the price increase. it needs to increase, but not like this

    But you can't control it, can't control the market. I honestly don't know how much Adam was behind the recent rise (financially or otherwise)... but in general if people like BURST they're going to invest in it...word is getting out more and more. Miners may hold more BURST than previous because they see more potential. Crypto in general is gaining traction across the world. BURST can continue to rise significantly and quickly.

    Although I don't know much about it, NEM ... started a a NXT clone, 9 billion coins (familiar?).... shot up wildly .... it's now #4 or #5 in the world and holding over a billion dollar market cap. I wonder how many of them hated the 10,000% run up (or whatever it was) and would like to go back to those solid times of 3 - 4% a month?

    With all due respect nameless, your world view on BURST is just that... YOUR view. You think the AE as constituted is the single biggest factor in BURST. I don't. I also think things change, people will adapt, the best assets will adapt, the AE will adapt. Maybe instead of trying to control the market for the sake of your asset... you should be thinking how you can change and adapt your asset to deal with the market? Or start a new asset?

    And for the record, I have no problem what you did (trading wise) ... trade how you like... it's a free market. I do have a problem with you trashing the coin itself ...but hey, if you get satisfaction from that go nuts... just not sure why you'd still be here and/or involved with BURST if that's how you feel?

    Edit - I just saw your apology ...not necessary but I'm sure appreciated by many.


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