Reddit Posts
Mentions
Just came here to say that SIGNUM (formerly BURST) has staking built into its base layer
Treyvon James an absolute legend. He is pretty bullish on Signum (used to be BURST)
Before I bought my first coin, I have started mining ETH+SIA and BURST
SIGNA- they just reworked their blockchain so it now can be used for actual applications, I heard a “rumor” on the r/signum Reddit it’s moving onto major exchanges in September, also I’ve been a long time holder of the formerly know BURST coin and I just like it….
*cries in BURST* (even though they just rebranded to SIGNA now)
SIGNA (formerly BURST) The graph token (GRT) Bitcoin (BRRT)
OP let me tell you a little story that will be very interesting for you. Four years ago i was a noob trying to research hundreds of alts to find the hidden diamonds to invest and support. I spend 300 hours (not joking i use a calendar and track hours) to filter half of all the alts on the market of that time. I checked probably up to a thousand alts. Surprisingly BURST hit my radar and even though it was completely unknown it was very interesting in its fundamentals. So i reached the reddit community of BURST and asked them if i should invest in it. A few people downvoated me and made some negative comments. I though ok there are some idiots here np i will do more research. The red flag afterwards was a developer (probably the lead dev at that time) replying to my questions with a very negative way in the form of "we dont need useless investors, we just need to improve the technology so bug off with your questions and your useless money". At that point even though i believed it had strong fundamentals the fact that the community and mainly the devs where so negative was the biggest turn of for me because they would chase away other investors so how could such an alt increase in value? The funny part is this alt never took off and i would have lost allot of money if i didn't try to communicate with them. So today i am glad they chased me off.
Bro BURST coin was a pump in dump shitcoin shilled on crypto Facebook.
BURST coin, recently rebranded to SIGNA.
Ah shit the old hard drive mining I remember BURST
I've realized there's no since in not mentioning it, but th coin is BURST (which recently rebranded to SIGNA).
For anyone that wants a bit more history on this coin look up BURST, Signum is BURST coin but they've recently rebranded. First PoC coin, first coin to have smart contracts, encrypted messaging system, and the most recent PoC+ fork allows you to stake against your mining power. The more you stake, the more mining rewards you get. I have been following BURST for 4+ years now, and genuinely think it's a great coin with a fantastic future ahead, but I think the rebrand was unnecessary.
This is BURST but they've rebranded recently. BURST was the first PoC coin ever, first coin to have smart contracts, and they've recently introduced PoC+ which let's you get higher mining rewards the more you stake. It's genuinely a good coin that's been around for years, and I personally think the rebrand is unnecessary and if anything will turn people off from it.
ALL cryptos are greener than our current banking system. Or gold and silver mining. If you want some that are better that's fine. but the notion that proof of work is somehow to be avoided because it's only much better is ridiculous. And I know the fiat mafia will down vote that. But you can't deny that any crypto cuts out the energy needed to build 10s of thousands of buildings, staff them, utilities, stock them. How much literal mining and deforestation is required for that?? But if you really want a crypto answer from what I can tell is Proof of Capacity projects like BURST are waaaaaaaay greener than even proof of stake.
like the other coin you tried to pump days ago? BURST.Money - New Generation of Hands on Finance. Presale ends 31st of May | Listing and Launching NFT Marketplace June 1st 🔥 BSC Token
I think BURST is making a bit of a comeback.
Actually i did quite well... I would consider FUN and BURST as my worst coins. Have 1 2017 eth of both. Seeing were eth went... bad hodl 🤣
Burst - the first environment friendly cryptocurrency, developed in 2014, because of a low energy consumption and long time HDD usage. Chia is just a bad copy. For example : 1 Tbw - 2TB disk Burst plots 1 Tbw - 100GB disk Chia plots "BURST - First truly Green coin and most overlooked coin. Uses 400 times less power than Bitcoin. Super secure and private. Includes smart contracts, encrypted messaging, decentralized wallet, libertine blockchain. Most undervalued coin." (c) John McAfee
Someone was trying to sell me on chia weeks ago. I told him I'd already been through that with BURST and it was a waste of my time then.
Check out BURST - the original proof of capacity coin
BITCOIN 20% BURST 80% Bitcoin is the yardstick burst is green, decentralized, no premine or ico, smart contract ready and uses hdd mining to reduce power costs dramatically. meaning low cost transacting on a smart contract ready decentralised platform. its a 2021 hedge, both relying on cheap interest, and relying on the value adding effects of sustainable technology.
metamask is a web extension to access your ethereum address/wallet. its not a standalone wallet. secondly no one can tell you which exchange is best for you, because only you know what you want to invest in. see i', from AUS so i have 2 main options, 1.coinbase, 2 coinspot. i prefer coinspot because it has 0.1%maker/taker fees, and reasonable withdrawal fees. when i want shitcoin I go to binance, and if i want BURST I go to bittrex.
Energy per transaction Rank: 1. IOTA - 0.0000016 kWh 2. MetaHash - 0.0000027 kWh 3. Devvio - 0.0000707 kWh 4. NANO - 0.000112 kWh 5. Algorand - 0.0002 kWh 6. Hedera Hashgraph - 0.00170 kWh 7. BitGreen - 0.006 kWh 8. Ripple - 0.0079 KWh 9. Stellar - 0.0079 kWh 10. EOS - 0.0106 kWh 11. SolarCoin - 0.0707 kWh 12. Chia - 0.0707 kWh 13. Holochain - 0.1 kWh 14. BURST - 0.2 KWh 15. Cardano - 0.5479 kWh
BURST never used to be POSt, just POS. Maybe them upgraded, but I can't be bothered to look it up. I had enough of the Jerry Springer like drama with that chain since the origonal dev dissapeared. Chia is what you're looking for. https://chia.net/ Goodluck.
I believe BURST accounts have names which can be used as addresses, by default. Depends on what wallet you use when creating your address.
Yup, Bittrex's withdrawal fee for it is 2 BURST. Considering 1 BURST = $0.02 right now it looks like you're good haha. I don't know this for sure, but I think Bittrex works on the policy that the minimum withdrawal amount for any coin is three times the network fee, so again you should be completely fine there. I don't really know anything about Burst, but it's not an ERC-20 token (i.e. based on Ethereum), it looks like it runs on its own independent network. So far it's mostly only ERC-20s that are affected. Either, get it off the exchange and into a wallet as soon as you can, same goes for buying any coin anywhere.
just another BURST to shill BURST
just another one here to shill BURST
just another one here to shill BURST
just another one here to shill BURST
If you want to use GPUs, something like nice hash. Or you can farm with hard drives for coins like BURST and CHIA. Then you can exchange the crypto you mine/farm for whatever crypto you want. I don't know what your budget is
Can you source your math/sources? That doesn't sound right at all, unless you mean *overall*. NANO uses 6,000,000x less energy than BTC **per tx**[[1](https://pbs.twimg.com/media/E0nnkfnX0AIieuQ?format=jpg&name=4096x4096)] and other SHA-based cryptos, and you can be very sure it uses less than plenty of others (e.g. RandomX, Equihash, any PoW, including proof-of-space like Chia/BURST) Can you also source your claim that NANO uses more energy than PoS?
Holy shit if ETH keeps going the way it is the veins on my rock hard shaft will BURST
BURST already tried proof of capacity and failed. I believe that was due to an exploit but it also never caught on because it's not the best at anything. It's not the most secure, proven, green, or cheap
We already had HDD mining (BURST coin) and nothing like that happened. Stop panicking.
Also the last coin that tried Proof of Capacity (BURST) failed. None of the shills on this have explained what went wrong there how this corrects it. The core problem is that PoC doesn't do anything best. It isn't the most secure, it isn't the most green, it isn't the east expensive, and it doesn't have any track record. That's not a great basis for a crypto security mechanism which is this entire coin's value proposition
HBAR, ALGO, ADA, RDD, BURST, XLM, TRON, SIA, XDN. Hopefully i can get my bank account back to where i like so i can buy some more alts before theyre too expensive.
We had BURST - HDD mining is a thing for years.
Check out $BURST - mining using spare hard drive space.
\>>> "I’ve stared investing recently" \>>> "THE BUBBLE HAS BURST. THE BULLS ARE DEAD"
Hi 2600 I'd like to BURST THROUGH
I think Burstcoin (BURST) will go up
This is a great project BURST Money is a multichain, a perfect project to invest because the total supply is very low .
It's a great opportunity to work on your project, I believe it from my heart that **BURST DeFi - NFT** will be Bright. I Personally ask everyone to support this project because this project has a strong team and also an interesting concept.
BURST is a non-custodial DeFi wallet. Its really impressive product. Burst money is a decentralized self custody multi-currency wallet,people can easily access on wallet.
BURST DeFi really has many benefits in today's cryptocurrency market and gives its users so many options.
Just a copy of BURST.. Nothing new
BURST is a non-custodial DeFi wallet, payment gateway and suit of DeFi products. This project has a chance for success in the near future. The project is well managed by the team.
This project is very good project. I really like this project.This project will positively change the crypto world for the better. $BURST
BURST is a non-custodial DeFi wallet, payment gateway and suit of DeFi products.This project has good growth dynamics, I want the company to continue to work on creating new partnerships, as well as strengthening existing ones.
This concept looking very potential today. Project features & capabilities are very unique. So i'll be our perfect choice for long term investment. #BURST is very important and strong project.
This is a great project BURST Money is a multichain, a perfect project to invest because the total supply is very low .
BURST is a non-custodial DeFi wallet, payment gateway and suit of DeFi products. This project has a chance for success in the near future. The project is well managed by the team.
BURST Project is best crypto project. I am very interested in this project, I will participate with this great project. This is the wonderful and strong project, I look forward the most.
Spam solutions discussed in the community (eli5 summary from user --orb): There are two concepts at play here to understand. # Time-as-a-Currency Imagine you are allowed to send messages on Discord, but you have to spend a penny each time you do so. You start with a piggy bank full of 100 pennies ($1.00). Once per minute, your wife's boyfriend gives you your allowance: 1 more penny. However, he won't let you save beyond the maximum of your piggy bank ($1.00). Use it or lose it! At first, you're just casually chatting and sending 1 message per minute; thus, you will spend 1 penny per minute and Brad will give you 1 penny worth of allowance at the end of that minute. You will always have $0.99-$1.00 in your piggy bank and none will be "wasted." But then you read someone saying that Dogecoin is the best coin ever. This infuriates you. So you start violently writing an essay about how Brad is going to go over their house and beat them up if they don't stop shilling for their shitcoin. Before you realize it -- oh no! You sent 25 requests in just one minute! You're down to $0.75 in your piggy bank, and Brad still only gives you 1 more penny. You would need to wait 24 more minutes to get back to your $1.00 full piggy bank. Or you can continue to just send 1 request per minute to break even, until someone else pisses you off and you start writing a bunch of angry messages again. Eventually, you get to $0.00 in your piggy bank. You now have three options: 1. Stop writing on Discord for a little while (100 minutes) so your piggy bank fills back up. 2. Continue writing on Discord, limited to 1 message per minute because that is the rate at which you get your allowance. 3. Go to Brad and explain yourself. Tell him that you blew all of the money arguing with Doge shills, and ask him to refill your piggy bank. Brad will agree to do this, but only if he first goes into Discord and reads all the messages you sent to make sure that you didn't say any naughty words that would get you grounded. This is all an analogy for Time-as-a-Currency. Your piggy bank can store $1.00. Just like the `GRACE_WINDOW` can be used to "store" time to be "spent" as a currency. You "consume" the time by sending requests, which must be time-gapped by at least `MINIMUM_GAP` (i.e., the fee of sending a message). Your "allowance" of $0.01 per minute is because _time moves forward_, naturally refilling your currency. Your ability to quickly send up to 100 messages at a time is `MAX_BURST` Your ability to send a sustained one message per minute due to Brad's allowance is `SUSTAINED_TPS` Finally, when you run out of _time_ to be spent as a currency, you have three options: 1. Stop making transactions for a little while and allow the `GRACE_WINDOW` to pass, so that you have a lot more burst requests to send. 2. Continue making transactions, once every `MINIMUM_GAP`, at your `SUSTAINED_TPS` rate. 3. Make a new request with an old timestamp. This request will instantly refresh your `GRACE_WINDOW`, but due to violating the rules of the **Priority Queue**, will fall into the **Normal Queue** for processing. This means that _all other transactions on the network must be resolved before yours_; the equivalent of Brad checking your Discord to make sure that you didn't say any naughty words in your spam (if you spammed a SHIT TON, Brad will take a longer time to get to the end of your spam to refill your piggy bank). In this way, you are effectively paying "time" to send requests on the network. _Rate limiting_ is the natural result of running out of "time" left to be expended, and submitting timestamps is your way of tracking how much _time_ you have left. **It is in your best interest to be honest with timestamps, because you are effectively being honest with how much "currency" you have.** The second concept is **PoS4QoS**. #PoS4QoS The first solution (time as a currency) is great for a single individual who is limited by just his wife's boyfriend. However, you are not a single individual. You are a Nano holder. You see some Dogecoin shill in Discord? You do what every Nano holder does. You immediately go to r/nanotrade and break my rules by linking everyone to the Discord. You tell them all "hey guys, let's bury this clown and get all the mods banned from Discord, too!" So now it's not _just you_ sending messages on Discord and rate limited by Brad. It's you and your 1,000,000 nanotrade shills showing up together to spam Discord and talk trash about Dogecoin together. Brad alone -- even *their* Brads -- is not enough to moderate you all. You're all clever, see. There are 1,000,000 of you, so you can all just send 1 request per minute to bypass the issue of draining your piggy bank. So how do we solve this? Well, as it turns out, those Doge guys are all pumped as fuck. They made so much money from their recent PnD exit scam that they could afford to pay Discord for shiny ass hi-beams to come on your monitor every time they speak. They have colorful names and shit, and everyone has to care what they say. Meanwhile, you and your boys from nanotrade have all been bleeding in Nano's slow decline to $0.30 over the last 2 years, failing daytrades left and right until you only have 20% of your stack left. You have shitty gray names, tiny text; basically, nobody gives a shit what you have to say. Yeah, you guys are spamming the hell out of that Discord, but when any Doge meme boi speaks, they've got rainbows and sparkles on their Discord names and all eyes are on them. You lose, not because you didn't have enough people, but because nobody gave a shit what you had to say. They'll read your shilling when the big boys stop talking and there's nothing left to do. This is an analogy for the network sorting prioritization based on the amount of money in the user's account (i.e., their _stake_ in the network). Your poor friends are the equivalent of you creating thousands/millions of wallets that all have very little Nano to try to spam the network with. As you create more wallets, each wallet would have a smaller amount of Nano. In the analogy, people who have a lot of stake in Nano [paid for shiny Discord handles] get priority in transactions [reads] over people who have little stake in Nano [people who have tiny text and gray names]. The reason this works is two-fold: 1. It removes the biggest incentive for attackers to hit the network. If the richest accounts (exchanges) are not affected by their low-PoS spam attacks, that drives down the profitability of launching the attack to near-zero. 2. As mentioned, when a user attempts to create more accounts so that they have a higher `SUSTAINED_TPS`, they are dividing their Nano into a pool among a larger number of accounts. The end result is that each account has less Nano (stake), and so they are drowning out progressively fewer people. In short: the more they leverage for more spam, the less stake they can spread out into the spam itself. They might spam 10x as much, but they are spamming out 10x fewer people. This further drives down profitability. Recall: _sustained_ attacks are not made for fun. They are made for profit. If profit is non-existent, attacks become pointless. When attacks are pointless, they don't happen. This means that _the poorest on the network are protected due to the security making the attack pointless_, AKA what I called **Herd Immunity**. _ There are also other ideas and developments that are currently being discussed and developed. But as an introduction to the possibilities beyond simple fees, I hope that this was a good insight.
BURST project is very good project with interesting and informative knowledge. Team behind the project is well experienced and hope it will go longer and proper their goals.
BURST Project is best crypto project. I am very interested in this project, I will participate with this great project. This is the wonderful and strong project, I look forward the most.
Go on Burst [homepage](https://burst.money) and click on "Buy BURST" then select maybe BEP20 or ERC20.
**BURST has a** strong team with a lot of potential they will sure going to make this project a huge success. I am sure that the project will be great in the coming future.
BURST Project is best crypto project. I am very interested in this project, I will participate with this great project. This is the wonderful and strong project, I look forward the most.
BURST is best platform and concept. Great future and very experienced team always working behind this project so I think this projects Will succeed. I know this project will grow in future.
BURST is best platform and concept. Great future and very experienced team always working behind this project so I think this projects Will succeed. I know this project will grow in future.
BURST is a non-custodial DeFi wallet, payment gateway and suit of DeFi products.This project has good growth dynamics, I want the company to continue to work on creating new partnerships, as well as strengthening existing ones.
Burst.Money DeFi Money. BURST.money is a Decentralized instant self custody multi-currency wallet which allows anyone anywhere to have instant access to a Crypto wallet and suits of DeFi products. Love this great project.
#Burst project is very important and popular project. $BURST project when launch IDO OR ICO.
To be sincere, **BURST** is the most reliable crypto project I have seen this year. It is a very creative project with a distinct roadmap. Highly recommended for everyone especially crypto investors.
BURST is a non-custodial DeFi wallet, payment gateway and suit of DeFi products. Best wishes for the project.
Personally, my opinion **BURST** project has a very great future. With such a strong team, I'm sure we will see a very good project.
Spam problem solutions discussed now in the community: There are two concepts at play here to understand. # Time-as-a-Currency Imagine you are allowed to send messages on Discord, but you have to spend a penny each time you do so. You start with a piggy bank full of 100 pennies ($1.00). Once per minute, your wife's boyfriend gives you your allowance: 1 more penny. However, he won't let you save beyond the maximum of your piggy bank ($1.00). Use it or lose it! At first, you're just casually chatting and sending 1 message per minute; thus, you will spend 1 penny per minute and Brad will give you 1 penny worth of allowance at the end of that minute. You will always have $0.99-$1.00 in your piggy bank and none will be "wasted." But then you read someone saying that Dogecoin is the best coin ever. This infuriates you. So you start violently writing an essay about how Brad is going to go over their house and beat them up if they don't stop shilling for their shitcoin. Before you realize it -- oh no! You sent 25 requests in just one minute! You're down to $0.75 in your piggy bank, and Brad still only gives you 1 more penny. You would need to wait 24 more minutes to get back to your $1.00 full piggy bank. Or you can continue to just send 1 request per minute to break even, until someone else pisses you off and you start writing a bunch of angry messages again. Eventually, you get to $0.00 in your piggy bank. You now have three options: 1. Stop writing on Discord for a little while (100 minutes) so your piggy bank fills back up. 2. Continue writing on Discord, limited to 1 message per minute because that is the rate at which you get your allowance. 3. Go to Brad and explain yourself. Tell him that you blew all of the money arguing with Doge shills, and ask him to refill your piggy bank. Brad will agree to do this, but only if he first goes into Discord and reads all the messages you sent to make sure that you didn't say any naughty words that would get you grounded. This is all an analogy for Time-as-a-Currency. Your piggy bank can store $1.00. Just like the `GRACE_WINDOW` can be used to "store" time to be "spent" as a currency. You "consume" the time by sending requests, which must be time-gapped by at least `MINIMUM_GAP` (i.e., the fee of sending a message). Your "allowance" of $0.01 per minute is because _time moves forward_, naturally refilling your currency. Your ability to quickly send up to 100 messages at a time is `MAX_BURST` Your ability to send a sustained one message per minute due to Brad's allowance is `SUSTAINED_TPS` Finally, when you run out of _time_ to be spent as a currency, you have three options: 1. Stop making transactions for a little while and allow the `GRACE_WINDOW` to pass, so that you have a lot more burst requests to send. 2. Continue making transactions, once every `MINIMUM_GAP`, at your `SUSTAINED_TPS` rate. 3. Make a new request with an old timestamp. This request will instantly refresh your `GRACE_WINDOW`, but due to violating the rules of the **Priority Queue**, will fall into the **Normal Queue** for processing. This means that _all other transactions on the network must be resolved before yours_; the equivalent of Brad checking your Discord to make sure that you didn't say any naughty words in your spam (if you spammed a SHIT TON, Brad will take a longer time to get to the end of your spam to refill your piggy bank). In this way, you are effectively paying "time" to send requests on the network. _Rate limiting_ is the natural result of running out of "time" left to be expended, and submitting timestamps is your way of tracking how much _time_ you have left. **It is in your best interest to be honest with timestamps, because you are effectively being honest with how much "currency" you have.** The second concept is **PoS4QoS**. #PoS4QoS The first solution (time as a currency) is great for a single individual who is limited by just his wife's boyfriend. However, you are not a single individual. You are a Nano holder. You see some Dogecoin shill in Discord? You do what every Nano holder does. You immediately go to r/nanotrade and break my rules by linking everyone to the Discord. You tell them all "hey guys, let's bury this clown and get all the mods banned from Discord, too!" So now it's not _just you_ sending messages on Discord and rate limited by Brad. It's you and your 1,000,000 nanotrade shills showing up together to spam Discord and talk trash about Dogecoin together. Brad alone -- even *their* Brads -- is not enough to moderate you all. You're all clever, see. There are 1,000,000 of you, so you can all just send 1 request per minute to bypass the issue of draining your piggy bank. So how do we solve this? Well, as it turns out, those Doge guys are all pumped as fuck. They made so much money from their recent PnD exit scam that they could afford to pay Discord for shiny ass hi-beams to come on your monitor every time they speak. They have colorful names and shit, and everyone has to care what they say. Meanwhile, you and your boys from nanotrade have all been bleeding in Nano's slow decline to $0.30 over the last 2 years, failing daytrades left and right until you only have 20% of your stack left. You have shitty gray names, tiny text; basically, nobody gives a shit what you have to say. Yeah, you guys are spamming the hell out of that Discord, but when any Doge meme boi speaks, they've got rainbows and sparkles on their Discord names and all eyes are on them. You lose, not because you didn't have enough people, but because nobody gave a shit what you had to say. They'll read your shilling when the big boys stop talking and there's nothing left to do. This is an analogy for the network sorting prioritization based on the amount of money in the user's account (i.e., their _stake_ in the network). Your poor friends are the equivalent of you creating thousands/millions of wallets that all have very little Nano to try to spam the network with. As you create more wallets, each wallet would have a smaller amount of Nano. In the analogy, people who have a lot of stake in Nano [paid for shiny Discord handles] get priority in transactions [reads] over people who have little stake in Nano [people who have tiny text and gray names]. The reason this works is two-fold: 1. It removes the biggest incentive for attackers to hit the network. If the richest accounts (exchanges) are not affected by their low-PoS spam attacks, that drives down the profitability of launching the attack to near-zero. 2. As mentioned, when a user attempts to create more accounts so that they have a higher `SUSTAINED_TPS`, they are dividing their Nano into a pool among a larger number of accounts. The end result is that each account has less Nano (stake), and so they are drowning out progressively fewer people. In short: the more they leverage for more spam, the less stake they can spread out into the spam itself. They might spam 10x as much, but they are spamming out 10x fewer people. This further drives down profitability. Recall: _sustained_ attacks are not made for fun. They are made for profit. If profit is non-existent, attacks become pointless. When attacks are pointless, they don't happen. This means that _the poorest on the network are protected due to the security making the attack pointless_, AKA what I called **Herd Immunity**. Hope that makes sense.
Spam solution which are discussed right now: There are two concepts at play here to understand. # Time-as-a-Currency Imagine you are allowed to send messages on Discord, but you have to spend a penny each time you do so. You start with a piggy bank full of 100 pennies ($1.00). Once per minute, your wife's boyfriend gives you your allowance: 1 more penny. However, he won't let you save beyond the maximum of your piggy bank ($1.00). Use it or lose it! At first, you're just casually chatting and sending 1 message per minute; thus, you will spend 1 penny per minute and Brad will give you 1 penny worth of allowance at the end of that minute. You will always have $0.99-$1.00 in your piggy bank and none will be "wasted." But then you read someone saying that Dogecoin is the best coin ever. This infuriates you. So you start violently writing an essay about how Brad is going to go over their house and beat them up if they don't stop shilling for their shitcoin. Before you realize it -- oh no! You sent 25 requests in just one minute! You're down to $0.75 in your piggy bank, and Brad still only gives you 1 more penny. You would need to wait 24 more minutes to get back to your $1.00 full piggy bank. Or you can continue to just send 1 request per minute to break even, until someone else pisses you off and you start writing a bunch of angry messages again. Eventually, you get to $0.00 in your piggy bank. You now have three options: 1. Stop writing on Discord for a little while (100 minutes) so your piggy bank fills back up. 2. Continue writing on Discord, limited to 1 message per minute because that is the rate at which you get your allowance. 3. Go to Brad and explain yourself. Tell him that you blew all of the money arguing with Doge shills, and ask him to refill your piggy bank. Brad will agree to do this, but only if he first goes into Discord and reads all the messages you sent to make sure that you didn't say any naughty words that would get you grounded. This is all an analogy for Time-as-a-Currency. Your piggy bank can store $1.00. Just like the `GRACE_WINDOW` can be used to "store" time to be "spent" as a currency. You "consume" the time by sending requests, which must be time-gapped by at least `MINIMUM_GAP` (i.e., the fee of sending a message). Your "allowance" of $0.01 per minute is because _time moves forward_, naturally refilling your currency. Your ability to quickly send up to 100 messages at a time is `MAX_BURST` Your ability to send a sustained one message per minute due to Brad's allowance is `SUSTAINED_TPS` Finally, when you run out of _time_ to be spent as a currency, you have three options: 1. Stop making transactions for a little while and allow the `GRACE_WINDOW` to pass, so that you have a lot more burst requests to send. 2. Continue making transactions, once every `MINIMUM_GAP`, at your `SUSTAINED_TPS` rate. 3. Make a new request with an old timestamp. This request will instantly refresh your `GRACE_WINDOW`, but due to violating the rules of the **Priority Queue**, will fall into the **Normal Queue** for processing. This means that _all other transactions on the network must be resolved before yours_; the equivalent of Brad checking your Discord to make sure that you didn't say any naughty words in your spam (if you spammed a SHIT TON, Brad will take a longer time to get to the end of your spam to refill your piggy bank). In this way, you are effectively paying "time" to send requests on the network. _Rate limiting_ is the natural result of running out of "time" left to be expended, and submitting timestamps is your way of tracking how much _time_ you have left. **It is in your best interest to be honest with timestamps, because you are effectively being honest with how much "currency" you have.** The second concept is **PoS4QoS**. #PoS4QoS The first solution (time as a currency) is great for a single individual who is limited by just his wife's boyfriend. However, you are not a single individual. You are a Nano holder. You see some Dogecoin shill in Discord? You do what every Nano holder does. You immediately go to r/nanotrade and break my rules by linking everyone to the Discord. You tell them all "hey guys, let's bury this clown and get all the mods banned from Discord, too!" So now it's not _just you_ sending messages on Discord and rate limited by Brad. It's you and your 1,000,000 nanotrade shills showing up together to spam Discord and talk trash about Dogecoin together. Brad alone -- even *their* Brads -- is not enough to moderate you all. You're all clever, see. There are 1,000,000 of you, so you can all just send 1 request per minute to bypass the issue of draining your piggy bank. So how do we solve this? Well, as it turns out, those Doge guys are all pumped as fuck. They made so much money from their recent PnD exit scam that they could afford to pay Discord for shiny ass hi-beams to come on your monitor every time they speak. They have colorful names and shit, and everyone has to care what they say. Meanwhile, you and your boys from nanotrade have all been bleeding in Nano's slow decline to $0.30 over the last 2 years, failing daytrades left and right until you only have 20% of your stack left. You have shitty gray names, tiny text; basically, nobody gives a shit what you have to say. Yeah, you guys are spamming the hell out of that Discord, but when any Doge meme boi speaks, they've got rainbows and sparkles on their Discord names and all eyes are on them. You lose, not because you didn't have enough people, but because nobody gave a shit what you had to say. They'll read your shilling when the big boys stop talking and there's nothing left to do. This is an analogy for the network sorting prioritization based on the amount of money in the user's account (i.e., their _stake_ in the network). Your poor friends are the equivalent of you creating thousands/millions of wallets that all have very little Nano to try to spam the network with. As you create more wallets, each wallet would have a smaller amount of Nano. In the analogy, people who have a lot of stake in Nano [paid for shiny Discord handles] get priority in transactions [reads] over people who have little stake in Nano [people who have tiny text and gray names]. The reason this works is two-fold: 1. It removes the biggest incentive for attackers to hit the network. If the richest accounts (exchanges) are not affected by their low-PoS spam attacks, that drives down the profitability of launching the attack to near-zero. 2. As mentioned, when a user attempts to create more accounts so that they have a higher `SUSTAINED_TPS`, they are dividing their Nano into a pool among a larger number of accounts. The end result is that each account has less Nano (stake), and so they are drowning out progressively fewer people. In short: the more they leverage for more spam, the less stake they can spread out into the spam itself. They might spam 10x as much, but they are spamming out 10x fewer people. This further drives down profitability. Recall: _sustained_ attacks are not made for fun. They are made for profit. If profit is non-existent, attacks become pointless. When attacks are pointless, they don't happen. This means that _the poorest on the network are protected due to the security making the attack pointless_, AKA what I called **Herd Immunity**. Hope that makes sense.
BURST project project are successfull in future because this project have many best feature . I hope this project will be grow up soon.
When Launch BURST NFT, i see this project team more than strongly working success this project
BURST project is the most potential project for the future markets. I am so happy to join this kind of amazing project. I request everyone to join this profitable project. Best of luck to the whole team of BURST .
I nice to see BURST Team introduce this project in a good way. ANd most like prase is, They are launching their wallet on Binance Smart Chain (BEP20) and Ethereum chain (ERC20) at the same time! Really this is showed how much they want to serve Crypto Community!
This is a great and perfect project. I am so glad to belong to part of this BURST project. Hopefully, there are many people to invest in too, because your rating it's so nice. I recommend that everyone pay attention to this platform.
Very exciting to see BURST such a tremendous project and the also very active I'm so happy to join this so early. Let's see how far this project goes to the mind of potential investors. Join us now.
BURST a good project I like and suggest all of my friends to join as soon as possible. Read details on website and social media to know about this project.
Well, BURST already exists. It's a lottery style coin that uses HDD space over processing power. You can't just use the BURST coin name as it already exists.
Lol. I nearly did that right before the 2018 crash. At one brief point it was more profitable than mining ETH, I was going to hook up 24tb of storage to each of my 6-GPU ETH mining rigs, but then the price of BURST fell through the floor (as did ETH and everything else, for that matter)
**Variables** * GRACE_PERIOD - The amount of permitted time-drift from the node's timestamp that a node will allow a transaction to have to still qualify for the Priority Queue. For example, if a node's time is 5:00, and they receive a request that has a GRACE_PERIOD of 30 seconds, then they are willing to accept the request into the Priority Queue as long as it's dated for anywhere from 4:59:30 through 5:00:30. * GRACE_WINDOW - Defined as 2 * GRACE_PERIOD, because the period is both into the past & future, so the window is the full amount of time of this period in both directions. In the above example, the GRACE_WINDOW is 1 minute (30s in both directions; 05:00:30 - 04:59:30 = 00:01:00). * MINIMUM_GAP - The amount of increase one timestamp must have from the last timestamp in a chain. For example, if the timestamp of an account's previous request is 05:02:25 and the MINIMUM_GAP is 15 seconds, the next request must be dated for 05:02:40 or later. * SUSTAINED_TPS - This is, by definition, the multiplicative inverse of MINIMUM_GAP (that is, 1 / MINIMUM_GAP). * MAX_BURST - Defined as GRACE_WINDOW / MINIMUM_GAP. This is the maximum amount of transactions that may be precomputed and sent simultaneously. It requires the attacker to use the full extent of their GRACE_WINDOW, from TIME - GRACE_PERIOD through TIME + GRACE_PERIOD, incrementing every MINIMUM_GAP in between. These variables (particularly GRACE_PERIOD and MINIMUM_GAP) may be determined dynamically based on the PoS of the wallet in question. Ideally, this is done via empirical determination of valuable metrics. For example, if it is determined that an exchange typically handles 1 TPS, with occasional bursts to 1,000 TPS during very busy times, this could be resolved into MINIMUM_GAP = 1 AND GRACE_PERIOD = 500 for wallets with more than 106 stake. Lower users may have more restricted TPS (both in consistent TPS (MINIMUM_GAP) as well as burst TPS (indirectly determined via GRACE_PERIOD). PoS4QoS If a request falls within the Priority Queue, it is then resolved based on the stake of the wallet. A wallet with 107 Nano would have its transaction resolved before the actions of a wallet containing 103 Nano, and so on down the chain. In the Reddit thread (and initial thoughts), the QoS tiers were separated into discrete chunks. However, there is no apparent reason why the QoS tiers could not be effectively a continuous scale whereby higher PoS always yields a higher QoS. Sample Attack Considerations Attack 1: Invested Attacker Single Account Spam Problem: Attacker with high amount of Nano (106 - ~$35m investment) wants to spam attack the network by sending trivial amounts to another wallet. Solution: Due to the limitations of Rule (2) + Rule (3), the attacker would be limited to MAX_BURST requests before being throttled down to SUSTAINED_TPS unless they're willing to exit the Priority Queue. If they exit the Priority Queue, they must wait for the spam attack (which exists within the Priority Queue) to resolve itself, as well as all other Priority Queue traffic, before their new Normal Queue request is resolved. This means that they are effectively DoS'ing their own ability to continue the spam attack until the ongoing spam attack subsides. Attack 2: Mass Account Spam Problem: Attacker uses 1,000,000 wallets, each sending 0.0000001 Nano per second through the network, bypassing the protections offered by the Priority Queue within the Time-as-a-Currency system. Solution: PoS4QoS ensures that these extremely low value wallets would be at such an exceptionally low QoS (due to having such little PoS) that they are effectively DoS'ing such a microscopic part of the ecosystem (extremely small requests & outdated nodes/mistakes that cause legitimate users to enter the Normal Queue) so as to make the attack unfeasible/unprofitable. Attack 3: Invested Attacker Chaining New Account Spam Problem: Attacker owns a large amount (106+) of Nano and wants to DoS the network by sending its entire balance to a new account, which will then immediately pass the entire balance to another new account, and so on. Solution: Rule (4) of the timestamp rules ensures that the RECEIVE block is upped a MINIMUM_GAP from its corresponding SEND block; this attack becomes identical to the above Attack 1. Additional Notes Concepts **Herd Immunity** - It is fairly easy to envision a scenario where, in Attack#2, microscopic amounts of the legitimate traffic on the network are still vulnerable to a spam attack. However, by protecting the high-value members, launching this attack becomes unprofitable and ultimately pointless. By neutering the goal of the attack, the weakest transactions on the network (i.e., those worth < 0.0000001 Nano, or those in the Normal Queue due to error/mistake) gain protection implicitly. **Timestamp Trust?** - Timestamps are not trusted to be correct. It is in the clients' best interest to provide an accurate timestamp, so as to ensure that they are in the Priority Queue. The purpose of the timestamp and related variables (GRACE_PERIOD | MINIMUM_GAP) is for decentralized throttling, not a trustworthy reporting of time. However, in a pinch, these timestamps are better than nothing to identify the time at which a request was sent, which adds a small bonus for some forensics. **Time-as-a-Currency** - I've thrown this term around a few times now; what does this really mean? The fundamental idea is that you are given a set block of time as a "currency" that you may spend (equal to GRACE_WINDOW). However, you must spend it in minimum chunks (MINIMUM_GAP). In addition, you regenerate this currency at a rate of 1 second (currency) per second (time), all in a decentralized manner. The result of MAX_BURST is due to stockpiling your "currency" (time) up to its maximum reserve (GRACE_WINDOW) and spending it all on as many requests as possible (GRACE_WINDOW / MINIMUM_GAP). **Normal Queue Meaning** - The Normal Queue is a bit of a misnomer. Perhaps better names would be the "Protected Queue" and the "Vulnerable Queue." The "Protected Queue" (here called Priority Queue) is protected from spam attacks due to the Time-as-a-Currency rate limiting principle and further protected due to PoS4QoS. Meanwhile, the "Vulnerable Queue" (AKA Normal Queue) offers no such protection. However, that does not mean that the Normal Queue would be a spammed, worthless hole of requests. In fact, the Normal Queue is what is now the entire Nano network. In short, the worst attack that an attacker could launch against this (one that forces all nodes to the Normal Queue) would simply revert the network back to the status quo. **Conclusion** Wrote this over here to move the discussion from Reddit and have a place to keep the discussion centralized in an area that won't "get away" from us. The real TL;DR is up top under "Summary" if interested.
Holy shit, I just read the entire TaaC thing and this is so interesting! Lets hope this can be implemented in a reasonable time frame because it could actually solve the spam attacks how I see it. "[Time-as-a-Currency - I've thrown this term around a few times now; what does this really mean? The fundamental idea is that you are given a set block of time as a "currency" that you may spend (equal to GRACE_WINDOW). However, you must spend it in minimum chunks (MINIMUM_GAP). In addition, you regenerate this currency at a rate of 1 second (currency) per second (time), all in a decentralized manner. The result of MAX_BURST is due to stockpiling your "currency" (time) up to its maximum reserve (GRACE_WINDOW) and spending it all on as many requests as possible (GRACE_WINDOW / MINIMUM_GAP).](https://forum.nano.org/t/time-as-a-currency-pos4qos-pos-based-anti-spam-via-timestamping/1332)"
Cheers I hold DOGE in my bag and continue to buy it occasionally. But I’m also holding 19 other coins, mostly popular altcoins along with some YOLO bets like DigiByte, VTHO, BURST etc. I’m rooting for DOGE everyday and hope the DOGE Gang gets the last laugh in 5-10 years I really do.
I think my only shit coin might be BURST, but then again, it could go somewhere 🤔 or not