I think I know what is it: Burstcoin is going to be re-branded as "Breastcoin" I can survive that :D
Best posts made by vExact
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RE: 7 daysposted in Announcements
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How do you put valuation into something?posted in General Discussion
I made a post on another thread before regarding the fact that in small markets, like in most of the altcoin space there are and always be people controlling prices, pumping and dumping, etc... Its somehow due to the nature of some markets which still are relatively small and therefore subject to this kind of behaviors, although we also know that in a big economy banks and big institutions are also market movers but on another scale... Anyway, the point is that someone posted yesterday a comment on another instance about altcoin price movements and coin control which I found indeed quite interesting and enlightening and wanted to share it here. Of course couldn't avoid making the connection instantly! It seems it is something quite common in this new universe, and perhaps we just have to get use to this, and better move on. However being clear about this as a fact... So, how do you put value into something?
"There's a dark underbelly to most alt coin price movements, perhaps all. They are all run by whales. I think of alt coin markets as whale farms. It's a business, if you can get control of a coin, whether it be buying the ICO at large quantities or other means, and if you have enough BTC backing, you can move the price up and down at will, each wave you're farming the weak hands like a tidal power plant. MAID and DASH is no different. If I was to take a stab, I'd say around ~$1.5b marketcap is where this stops. Bitcoin Uncensored did an interview with a BTC loan shark guy that controlled BTC price back in around 2012 when it was small. It really does screw with our natural notion that we can look at fundamentals of a project and say this is the fair market price. And even if there weren't whales, and markets were rational, bear in mind we already have an accepted way to value these kinds of projects... It's in the startup world where early stage investors just say "this shit is so speculative, we don't know what it's worth, just give me a discount on what the value will be if you get to a point of traction and get a VC valuation". In other words they put off valuation until utility is achieved, and there's a real growth curve, something real to do a valuation."
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RE: So glad to be hereposted in Introduce Yourself
@splash.of.wild I must say I am impressed by the great pair of balls you got! (with all due respect ^_^) So glad to see that feminine touch so much needed in crypto and in general. Welcome!
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RE: burstcoin-jminer v0.4.10 - GPU assisted PoC-Miner (All Platforms)posted in Miner
@minsc_tdp blago's great if you have good CPUs and Jminer if you have dedicated graphic cards. Creepminer is also very good. I must say all miners are great :) Thanks @Blago @luxe and @Creepsky!
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RE: 7 daysposted in Announcements
Ok I am waiting for 7 people now to say they have a big announcement to make in 7 days. LOL seven days to die :D
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RE: The Canary - Burst Early Warning Systemposted in Burst Projects & Crowdfundings
@haitch said in The Canary - Burst Early Warning System:
@haitch I'm going to re-write the cracking app to make it multi threaded, but don't expect it will find the phrase in any reasonable period. 3 words took over a month, 4 words would therefore be about 135 years. With the multithreaded approach, running it on Pennywise, I might be able to get it down to 4 years - at the cost of running 20 Cores @ 100% for all that time.
Satoshi was fu#$ right from the beginning :) Its just better to use those resources and mint the coins by joining the network instead. Genius!
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RE: [ANN] CCMINER1000posted in Asset Exchange
@bandarfjb said in [ANN] CCMINER1000:
Why so many people sell under 10?
Because they want to sell...
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RE: We now have a Burst wikipedia article !posted in Announcements
@iKnow0 said in We now have a Burst wikipedia article !:
@Intbrk Excellent work. If there are any other polyglots out there more translations are needed.
As soon as I get the chance I will translate it to Spanish :)
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RE: The SurfBar.posted in Announcements
@k.coins I think google authenticator is quite different and safer, as it doesn't have to do with your phone number (as far as I know) but rather with your google account. It also works if you are not connected to the internet, and as you know it changes every 30 seconds. Problem is if you have a piece of malware on your phone that has access to the camera and makes silents screanshots for the attacker, etc.
But again the most secure options are the ones you have a hardware device using an U2FA like this one
https://www.yubico.com/products/yubikey-hardware/yubikey4/ -
This is insane, to say the least. Bitcoin network consumes as much as 0.05% of the world's energy consumption!posted in Off Topic
I came across this interesting article: http://digiconomist.net/beci#assumptions
If Bitcoin were a country, it would rank 92 by energy consumption! Data do not fail, BTC is not sustainable at all!
In BURST we Trust! :) -
RE: 402posted in Asset Exchange
Having one of those @Lexicon bots for automatize arbitrage would be pretty cool :)
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RE: Can someone remote in and set up my GPU plotter? I am an idiot.. :)posted in Mining & Plotting
@ProSportsPhotog wish I could help you, but I have only used the CPU plot generator, which might be slower but also yields optimized plots :)
Yesterday someone posted this video which I hadn't seen... Perhaps it could help you out
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RE: Bitcoin over 2000 USD!posted in Price & Trading Discussion
As long as BTC continue to be the "door" for fiat into crypto and viceversa, I don't see it going down considerably in value (i.e. loosing half of value or something of that kind). If other cryptocurrencies begin now to be not only accepted as a way of payment but also we see cash dispensers for not only BTC and so on, then this could be the beginning of the end for BTC, otherwise it will continue rising...
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RE: I almost went full retardposted in General Discussion
From now on in any case investors are going to be more diligent in the portion they invest in Assets if they do. As someone said before, all this has been a learning lesson for most of us. We have a very iliquid AE plus a currency (as most of altcoins) that is not stable and may and will skyrocket or fall from time to time. And let's play it simple: altcoins are farms for whales, so the rather small fishes should no make a fool of themselves and play smart.
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RE: So glad to be hereposted in Introduce Yourself
@Estie-Trixie said in So glad to be here:
Hey @splash-of-wild , I am so happy that we can all keep communicating and get up dates from crow. II would say welcome, but I am also new here. :D
Can't think yet what to put in my welcome. LOL!Just introduce yourself as the @crazygoatlady! ^_^