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LegendaryActivity: 1120Merit: 1029฿ → ∞ [ANN] PoC Consortium Stage 1: BURST August 11, 2017, 10:04:43 AM #1



On August, 10th 2014 a NXT-based cryptocurrency by the name BURST was

introduced to the general public by the original developer who is

known under the alias "Burstcoin". His or their real identity is still

unknown today. The coin was launched without an ICO or premine.



The genesis block was published on August, 11th 2014.



So today, three years ago, BURST started as a very promising coin

which (looking at the technical aspect) had everything you could

desire from a cryptocurrency at that time:



* NXT basis: Not a simple Bitcoin clone, but a completely new

implementation including market, escrow, assets, crowdfunding and

smart contracts. Often referred to as Bitcoin 2.0



* PoC (Proof-of-Capacity): Contrary to the oligarchic Proof-of-Stake

(PoS) of NXT, BURST offers a unique way of ensuring the

cryptographic consistency of the transactions in its blockchain by

allocating a non-trivial amount of disk space. This approach makes

BURST much more energy efficient than Proof-of-Work (PoW) of many

other cryptocurrencies.



This made BURST at the time of its introduction one of the technically

most advanced coins.



Three years have passed since then. One year after announcing and

presenting BURST, the anonymous creator left the stage, so further

development depended on whomever might pick up the baton.



Unfortunately, BURST evolution since then was tepid at best. In

retrospect and when evaluating where BURST stands today, it has been

given neither the development capacity nor the competence that is

necessary for such a promising coin. Even worse, what BURST was

lacking on the development front seems to have been overcompensated on

the drama front.



We are not interested in drama. We do not care who started it and why.

Most certainly we will not participate. We are forward-looking and

everyone competent, rational and willing to cooperate with us is

welcome and will be met with a benevolent attitude. Other than that,

there is no one in the BURST community or elsewhere who could threaten

or fatally annoy us or "make us go away" by any other means.

Nuff said.



THEREFORE



We - the PoC Consortium - are a group of highly skilled and well

funded individuals. Investors, executives, entrepreneurs, developers,

admins, designers and college students. We came to lead BURST to its

rightful place among other cryptocurrencies and we believe that place

is nowhere else than upwards of where BURST is today and upwards of

where it will be tomorrow.



We believe, BURST should - for starters - be able to reach the same

significance as NXT has today. Given the BURST heritage and its unique

PoC atribute makes this a realistic assumption.



We are aware of many other existing cryptocurrencies including

intimate details about their architecture, community and thus

perspective. We are equally aware of the hitherto wretched state of

the BURST cryptocurrency. In its first 3 years of existence BURST has

fallen behind NXT in many aspects, mostly because of said lack of

development. We will change this and we will change it fast, because

even NXT has not the development capacities we are bringing to the

table right now.



Neither do we expect nor require payment from the BURST community for

our development efforts. We will not set up or take from a "Developer

Fund" as has been discussed in the community here and there. We are

highly-paid professionals and we are not here for peanuts.



Instead, we have bought BURST. Millions of them and we will continue

doing so. We may cash out small packages when the BURST price will hit

the corridor between 1000 and 2500 Satoshi/Burst in the following

months, but we are in it for the long game. We have to tell you this,

because if we didn't, some of our engagement could be legally

construed as insider trading. If you think this is just some sort of

pump&dump scheme, you are terribly, terribly mistaken.



We have done already some small development efforts to get BURST back

on track. Following the spam attack on BURST, we provided an

"Enterprise" BURST wallet 1.3.0cg, which was based on the official

1.2.9, but has a mariaDB/MySQL backend instead of the flimsy H2

database used in BURST so far.

You can get it here:

We continue with our wallet development efforts forcefully.



We are hosting a BURST mining pool at

with 0% fee, superior performance and availability. We operate miners

for experimental purposes with a small capacity of 200TB.



We are hosting a geographically distributed cluster of wallets on

various machines, all of which have superior connectivity. Our main

public wallet (running 1.3.2cg as of now) is

This is BTW the

"well known peer" 92.43.104.34 that single-handedly (at 14% capacity

usage during the peak) took a 1TB/day network load during the spam

attacks. Our provided wallet capacities are meanwhile a multiple of

that. These wallets are also constantly connected to 200-300 peers via

GBit uplink. We thus do believe to have set up a very resilient

"Core-Backbone" of the BURST network infrastructure.



Together with the BURST community we are happy to see that these

efforts and the resulting stabilization allowed players like Poloniex

to resume BURST trading in full again.



Furthermore, we are proud to present our own BURST block explorer

and you are welcome to give

it a try. It has been written from scratch and although still WIP,

we believe you will appreciate it's performance and availability.



We are especially pleased to announce the in-development status of

our mobile wallet for BURST (Android and iOS) which we believe will

enable and catalyze new oportunities for the BURST cryptocurrency.

Our benchmark is the BTC wallet Mycelium



All this is only the tip of the iceberg what's happening right

now. More BURST-related projects are in the pipeline and to be

revealed soon. Listing all these projects would burst (pun intended)

the scope of this writing, so we will communicate the details of the

projects as we go.



Now it is quite important that you do understand this announcement as

what it is and what it is not. It's certainly not some sort of

one-time event or snapshot. We are announcing the beginning of a

process. Do we believe in the future of this PoC cryptocurrency? No!

We do not need to believe, because we know. We do not have to hope

and to wait for the future to happen. Yes, we are confident: we will

make its future.





For the PoC Consortium

rico666

ac0v

bold

cgebe

Antigo

mrmmm

valy

and others



Announcing the PoC Consortium. Stage 1: BURSTOn August, 10th 2014 a NXT-based cryptocurrency by the name BURST wasintroduced to the general public by the original developer who isknown under the alias "Burstcoin". His or their real identity is stillunknown today. The coin was launched without an ICO or premine.The genesis block was published on August, 11th 2014.So today, three years ago, BURST started as a very promising coinwhich (looking at the technical aspect) had everything you coulddesire from a cryptocurrency at that time:* NXT basis: Not a simple Bitcoin clone, but a completely newimplementation including market, escrow, assets, crowdfunding andsmart contracts. Often referred to as Bitcoin 2.0* PoC (Proof-of-Capacity): Contrary to the oligarchic Proof-of-Stake(PoS) of NXT, BURST offers a unique way of ensuring thecryptographic consistency of the transactions in its blockchain byallocating a non-trivial amount of disk space. This approach makesBURST much more energy efficient than Proof-of-Work (PoW) of manyother cryptocurrencies.This made BURST at the time of its introduction one of the technicallymost advanced coins.Three years have passed since then. One year after announcing andpresenting BURST, the anonymous creator left the stage, so furtherdevelopment depended on whomever might pick up the baton.Unfortunately, BURST evolution since then was tepid at best. Inretrospect and when evaluating where BURST stands today, it has beengiven neither the development capacity nor the competence that isnecessary for such a promising coin. Even worse, what BURST waslacking on the development front seems to have been overcompensated onthe drama front.We are not interested in drama. We do not care who started it and why.Most certainly we will not participate. We are forward-looking andeveryone competent, rational and willing to cooperate with us iswelcome and will be met with a benevolent attitude. Other than that,there is no one in the BURST community or elsewhere who could threatenor fatally annoy us or "make us go away" by any other means.Nuff said.THEREFOREWe - the PoC Consortium - are a group of highly skilled and wellfunded individuals. Investors, executives, entrepreneurs, developers,admins, designers and college students. We came to lead BURST to itsrightful place among other cryptocurrencies and we believe that placeis nowhere else than upwards of where BURST is today and upwards ofwhere it will be tomorrow.We believe, BURST should - for starters - be able to reach the samesignificance as NXT has today. Given the BURST heritage and its uniquePoC atribute makes this a realistic assumption.We are aware of many other existing cryptocurrencies includingintimate details about their architecture, community and thusperspective. We are equally aware of the hitherto wretched state ofthe BURST cryptocurrency. In its first 3 years of existence BURST hasfallen behind NXT in many aspects, mostly because of said lack ofdevelopment. We will change this and we will change it fast, becauseeven NXT has not the development capacities we are bringing to thetable right now.Neither do we expect nor require payment from the BURST community forour development efforts. We will not set up or take from a "DeveloperFund" as has been discussed in the community here and there. We arehighly-paid professionals and we are not here for peanuts.Instead, we have bought BURST. Millions of them and we will continuedoing so. We may cash out small packages when the BURST price will hitthe corridor between 1000 and 2500 Satoshi/Burst in the followingmonths, but we are in it for the long game. We have to tell you this,because if we didn't, some of our engagement could be legallyconstrued as insider trading. If you think this is just some sort ofpump&dump scheme, you are terribly, terribly mistaken.We have done already some small development efforts to get BURST backon track. Following the spam attack on BURST, we provided an"Enterprise" BURST wallet 1.3.0cg, which was based on the official1.2.9, but has a mariaDB/MySQL backend instead of the flimsy H2database used in BURST so far.You can get it here: https://github.com/ac0v/burstcoin We continue with our wallet development efforts forcefully.We are hosting a BURST mining pool at https://burst.cryptoguru.org/ with 0% fee, superior performance and availability. We operate minersfor experimental purposes with a small capacity of 200TB.We are hosting a geographically distributed cluster of wallets onvarious machines, all of which have superior connectivity. Our mainpublic wallet (running 1.3.2cg as of now) is https://wallet.burst.cryptoguru.org:8125/index.html This is BTW the"well known peer" 92.43.104.34 that single-handedly (at 14% capacityusage during the peak) took a 1TB/day network load during the spamattacks. Our provided wallet capacities are meanwhile a multiple ofthat. These wallets are also constantly connected to 200-300 peers viaGBit uplink. We thus do believe to have set up a very resilient"Core-Backbone" of the BURST network infrastructure.Together with the BURST community we are happy to see that theseefforts and the resulting stabilization allowed players like Poloniexto resume BURST trading in full again.Furthermore, we are proud to present our own BURST block explorer https://explore.burst.cryptoguru.org/ and you are welcome to giveit a try. It has been written from scratch and although still WIP,we believe you will appreciate it's performance and availability.We are especially pleased to announce the in-development status ofour mobile wallet for BURST (Android and iOS) which we believe willenable and catalyze new oportunities for the BURST cryptocurrency.Our benchmark is the BTC wallet Mycelium https://wallet.mycelium.com/ All this is only the tip of the iceberg what's happening rightnow. More BURST-related projects are in the pipeline and to berevealed soon. Listing all these projects would burst (pun intended)the scope of this writing, so we will communicate the details of theprojects as we go.Now it is quite important that you do understand this announcement aswhat it is and what it is not. It's certainly not some sort ofone-time event or snapshot. We are announcing the beginning of aprocess. Do we believe in the future of this PoC cryptocurrency? No!We do not need to believe, because we know. We do not have to hopeand to wait for the future to happen. Yes, we are confident: we willmake its future.For the PoC Consortiumrico666ac0vboldcgebeAntigomrmmmvalyand others all non self-referential signatures except mine are lame ... oh wait ... · LBC Thread News ) · Past BURST Activities