Burstnation & Network situation & Local Wallets





  • @tomahawkeer That video was pointless... but you're right, I'm over it as well. He is probably one of the worst things to happen to this coin and its unfortunate...



  • Nice comment someone just posted on the video, lol...



  • @Snoops It was deleted quickly... :)



  • Wish I could have seen it. I'm sure mine will have the same fate.



  • @DougLife Still there...but will disapear:)

    And the othet thing is...have you noticed how many people are stupid enough to be happy from these few pennies.It is basically destroying the coin for fractions of dollar.Sad ..really sad.



  • Well, coincidentally today someone posted a comment on another instance about alt coin price movements and coin control. I couldn't avoid making the connection instantly! It seems it is something common in this new universe, perhaps we have get use to this, and the rain will stop at some point I hope... in the mean time some are happy to receive some pennies and the network suffers from overload "I am God" type of transactions...

    "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. I 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."



  • @Gadrah_ said:

    @Snoops It was deleted quickly... :)

    No it's still there i just looked and i copied it:

    The Old Rogue1 hour ago
    You're doing a great job destroying the Burst community with the shit rain and the garbage forum. You think you've done a good job but the network is worse than ever, I respect crow but you i do not, You're a useless prick full of bullshit and greed, nothing more. Go crawl back under you rock.



  • I don't even know how to comment that.
    0_1487640757688_upload-170fd583-59d5-4853-b742-0b413303362d

    I started to be interested in this mainly because awesome community that have been here. This "Rain Cvnt" is dividing us and it is starting to be frustrating.



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  • Apparently now he feels he is "MisterMidas" as well... "everything I do since day one cause burst to grow in value".... how is anything he has done caused it to grow in value? Showed 'get rich quick kiddies' how to gamble on dice? Don't see the connection, but I bet he got a lot of affiliates....

    I think he meant to say "everything I have done surrounding burst has put a little bit of extra money in my pocket from idiots who follow me hoping I shower them with few pennies a day"



  • Yeah i'm done with him and it. Neither are even worth another breath.



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  • To be honest, all the name-calling on either side is making me rethink whether Burst is for me. I know the same thing happens with other coins - it's still disheartening.



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  • @FlippyCakes said in Burstnation & Network situation & Local Wallets:

    To be honest, all the name-calling on either side is making me rethink whether Burst is for me. I know the same thing happens with other coins - it's still disheartening.

    Burst is a great community, very helpful and a great place to be. This is just a little 'spanner in the works' that will soon sort itself out, in the mean time just try to ignore the negativity if you do not like it but people have and will always give out their points of view on good/bad things no matter if it's in a forum or real life. Some people get involved, others take a side step and keep clear of a any 'drama'. So smile, take a look at your burst, hold you head high and sing out loud....lol. Seriously, just keep away from the drama, no need to quit this great coin and community.



  • For the ones asking themselfes how are they profitting from this, if what i readed in another post is true and they are using the same node for ninja and burstmining.club pools, it is pretty clear to me that when they cause forks on the network to happen with the rains, or burstmining.club pool or ninja pool would win the blocks because certainly the node used has the biggest weight on the network so it will decide for the network since it is being used by two big pools... So i think that the only way to end this is for ninja and burstmining.club miners spread their power through other pools... If this indeed happen it really shows ninja and club miners that the owners/managers of their pool only do things for profit and that they only go for centralize decisions when they thought this owners/managers were doing this things for the community and with the purpose of a de-centralized network... This is getting ridiculous and the suspictions of many are becoming more and more real every day that goes by...



  • @gpedro IMHO it's not really the best way to increase your profits. Even if they win 2x more blocks they still have to pay quite a lot of burst to spam the network(block reward is ~2146?). I think it's just one more Adam's 'genius' way to promote other forum and we simply give him too much credit^^ That's just of course only my opinion as it could be planned by someone smarter like focus and in long term it might be profitable^^



  • @Hyzi0 I don't see it as profitable but a way of having the BURST being transferred from one side to another without losing to much and the whole purpose was to promote burstnation ofc... The thing is that this way they can get back a large amount of their coins, so less expensive promotion... The key is not in what you spend but in what you don't spend (meaning what you get back) xP



  • I could care less if the dude wants to make it rain to promote his site, and its completely legit. That's great have at it. But what I don't like is when they do these transactions, its a HUGE issue to the entire network, and if there is a bug that causes the pools to fork (and he can separate his pools from that bug) its obviously an issue. With that being said, there are far fewer issues with the other pools when the "rain" isn't happening.

    Stress test or not. If you are legitimate in wanting to make the coin as good as it can be, you don't do this over and over and over and over and over again, and expect a different result, unless it IS the result that you are expecting and wanting! If you do this, and see that there is an issue, you fix it, and retest. You don't just continue to do it! Its kind of ironic, no rain today, no pool issues. Go figure.


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