Polo delisting coins. Could this send more volume to Burst?

[alexclarkbarry191]

@potkas It is best to start the panic now and change direction quickly to avoid delisting. What would be wrong with having a hard fork to show that we are able to push substantial upgrades to the protocol? I know the other forum does not control the network, but it can damage the reputation of the network in the eyes of the exchange that keeps us listed. In the past crowetic has said they have wallet problems with Poloniex, and that communication channels between him and the exchange are weak/non-existent, and one of coins he manages is already delisted. Burst and its 100-200 BTC trading volume is not a priority for them when they have Ripple, Lumens, Ethereum, Monero, and others doing 100,000+ BTC. I do plan on putting effort in to help hold the fort up, but I want everybody to be over prepared and all hands on deck to prempt this problem before it occurs. We can think delist is not a possibility, sit around hands in our pocket, and then one day everybody takes a -90% loss.

[potkas]

@alexclarkbarry191 Hard fork would destroy the trust in the coin, half the network size not shure to half but cuts it down! And i believe it would mean trouble for the assets too! Im not an admin or programmer but i believe it would mean trouble! A lot of it and little of gain! And how would you stop the BN personal Jesus to move back in? To be exact to continue with the new fork and drop the old? Just too much hassle for no gain i believe which would in my eyes discredit burst in the eyes of investors and exchanges! All what wee need to do i believe is to start warning people not to invest in to assets which are managed by the BN personal Jesus and his team. Or the ones which generates incomes on BN from ads or similar... just warn they are possible scams governed by scammers! That is the best we can do i think. But then again i may be wrong so wait for an admin to say something ;)

[alexclarkbarry191]

@potkas BURST was created from as a clone of NXT, which forks often for big updates. If they do it why can't we? Hard forks show growth and adaptability is possible. How would a fork destroy trust in the coin?

[haitch]

@alexclarkbarry191 A fork would not get BN out of Burst - you'd need to create a completely new coin, and I forsee issues with that gaining traction. Everyone who wants to switch would have to replot, which for many of us would be a massive undertaking, and initially at least, there would be no exchange support.

[potkas]

@alexclarkbarry191 it shows ass well the need to do it because of some trouble with the code itself usually although not always the case... And what you want to do is to get BN out of current burst. How would you do the hard fork to achieve it? They can just come to the new fork as you do... And if done , the assets would remain split between the 2 resulting coins. They would need to work either there or here or both... Holders wont be happy for sure... And you would probably half the investors between the 2 resulting coins too. What im trying to say is only that you would have in a result a fork with nothing achieved... Because everybody can decide to continue here or there... I believe BN would just come with us and what then? I just cant see why would they sit on the old fork... Dont take me wrong i would like their personal Jesus to leave burst but you cant forbid him to join the new fork...

[Hyzi0]

@alexclarkbarry191 I'm sorry man but what you are saying is kind of stupid and not true at all.
Coins under Burst volume on polo : HUC, NOTE, XVC, BTM, RIC, FLO, NXC, GRC, XBC, BTCD, OMNI, BCY, EMC2, RADS, PINK, EXP, XPM, NEOS, NMC, BLK, VRC, FLDC, VIA, BELA, NAUT, SBD and even PASC atm. How are we at the bottom?(btw those aren't "shit projects"). Coins with huge volumes have margin trading options.
BN is srsly not a problem and I can't understand why are you panicking. BTC, XRP, LTC,DASH, MONERO etc has far more ppl like him in their communities.
Hard fork is the worst possible solution to any problem as it ruins trust in coin and make so much problems that it's almost never worth it and for sure it wouldn't help with polo problem if it ever appears.

[burst1]

Like him or hate him Adam is one guy. Adam is not BURST and BURST is not Adam. He is a big fish in the pond at BN right now. What we need is HUGE growth... growth so big Adam is simply one player in the gog that is BURST...not a split creating two coins. Adam I believe was a heavy marketer of Bitcoin years ago... did that community call for a split to get away? Obviously BTC was much bigger, but you see the point?

While I don't necessarily agree with his particular approach or presentation at times... I'd like to see 1000 "Adams" (at least the marketing aspect) across the world yelling and screaming to buy BURST, to mine BURST, etc.

[Gibsalot]

burst may be in the lower rung on polo Via amount of Sat it's trading at but has on average 200+ BTC volume per day for well over a few weeks now i would not call that a pump and puts it far from the bottom in Polo's eyes .... Polo delist coins its not manking any $$$ off of. they make there money from fee's that is a direct % of the amount of BTC going into and out of a coin ... burst wont be in that list anytime soon.... i would not get worryed untell you see that daily BTC # start droping and stay down for weeks.

[daWallet]

The only reason for a hard fork (change of protocol) in my opinion should be to solve a technical problem that can not be solved otherwise.

Also a delist on one exchange is not the end of Burst or minus 90%. See https://coinmarketcap.com/currencies/iocoin
Who knows which Exchange will be leading in two or five years.

[luxe]

@RichBC said in Polo delisting coins. Could this send more volume to Burst?:

@darindarin Do we know their criteria for delisting and if there is any risk for Burst?

Rich

I have no source, but i read something about ... factor is not only volume but also active community, development (code and project) and i guess much more factors like @daWallet mentioned. After all it is maybe the decision of one single person ... and not based on pure stats and numbers but maybe also on sympathy, unique of a coin etc. ... i personally do not fear that burst gets delisted, ... they would have done it already a year ago.

[alexclarkbarry191]

@Hyzi0 How does hard fork ruin trust? Monero and NXT hardfork twice or more a year with 0 problems. We were forked from NXT if they can pull off productive forks to make coin more valuable why can BURST not do that?

[haitch]

@alexclarkbarry191 What does a fork achieve? If we fork onto a new protocol/encoding, whatever we change, BN can switch to the new wallet/client.

What you're describing is forking to a completely new clone coin. As I said earlier, that's not likely to work - replotting is something most miners won't want to do, and until there are a significant number of miners there will be no Exchange market for the coins. I don't even want to think about how the assets deal with it.

[daWallet]

@haitch I think @alexclarkbarry191 wants regular updates on the wallet implementation (core).

Not every new feature or addition needs to be a fork. A (hard)fork means that the new wallet version won't communicate with the older versions, because the protocols are incompatible.

Maybe NXT and Monero did that because they added new features. I don't think it is helpful to push any Exchange twice a year to update their wallet in X blocks or they will lose money.

[haitch]

@daWallet What I read was that @alexclarkbarry191 want's Adam and BN out of Burst - that would require a new coin.

[falconCoin]

well what if another group or other forum decided to do it?

[alexclarkbarry191]

@potkas I do not want BN out of Burst, I dislike that they call us a rogue forum, and that they put us in higher risk of delisting because of their BS.

[alexclarkbarry191]

Just because Burst has more volume short term does not reflect long term potential. Many of the delisted coins had large amounts of value. BTM NXC OMNI BCY EMC2 RADS EXP FLDC NAUT are all big connected projects and not going away anytime soon. That leaves HUC NOTE XVC RIC FLO GRC XBC PINK XPM NEOS NMC BLK VER VIA BELA, 15 coins, lets say those 15 are the next delisted, because they are both 1) lower volume, and 2) arguably less advanced. Then there are just 9 coins left in that list with us, so 2 delists away. Its scary to think about but we were much safer 3 delists ago when there were like 50 coins definitely below us. 14 were just cut, we are in the bottom 25. There are many many new Etherum coins out there that will get listed, and will probably. I do not want to or enjoy being the devils advocate, but there needs to be some awareness of where we fit in to all of this. Many of the delistings that took place happened to make server room to support XRP, which has 7 BILLION in market cap, and crashed their entire website on April 1. They went down again when Stellar Lumens moved 400 MIL, and only moved less volume because the site crashed. They will cut the smaller coins if they think it will give them a greater chance of uptime when XRP ETH LTC ZEC XEM XMR or any big coin will be moving. We will definitely not be delisted tomorrow, but every altcoin cannot be around forever. We need to have a detailed plan for what will happen at the end of Q3 2017, Q1 of 2018, Q2 of 2018, Q3 of 2018, Q4 of 2018. If we do not have that we will not be around to start Q1 of 2019 because we will be passed off as going nowhere sometime in the middle of 2018. We need to look towards the long term future, and not at short term gains.