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Creator of Bittorrent Thinks He Can Kill Bitcoin With Chia, a Burstcoin (BURST) Copycat

Creator of Bittorrent Thinks He Can Kill Bitcoin With Chia, a Burstcoin (BURST) Copycat

https://preview.redd.it/snvu0ixss9521.png?width=690&format=png&auto=webp&s=07d3a96392b8e6b13a827e387f1a8b272471595c
https://cryptoiq.co/creator-of-bittorrent-thinks-he-can-kill-bitcoin-with-chia-a-burstcoin-burst-copycat/
Bram Cohen, the creator of the popular peer to peer torrenting software BitTorrent, is creating a cryptocurrency called Chia. This new cryptocurrency will use Proof of Capacity (PoC), an algorithm perfected by Burstcoin (BURST).
Breaker incorrectly reports that PoC, which Cohen is calling Proof of Space, is a new algorithm developed by Cohen. Further, Breaker writes that Chia could kill Bitcoin. It is unlikely that Chia will even be competitive with Burstcoin(BURST), which has a $9 million market cap, let alone Bitcoin, as we’ll now explain.
The crypto space is unfortunately filled with copycat devs who make copycat cryptocurrencies, and this Chia situation appears to be a good example. Burstcoin(BURST)has a strong community of Cypherpunks and has been using PoC since 2014. If Cohen truly cared about the adoption of PoC crypto, he should have jumped on the Burstcoin(BURST) boat instead of trying to create a different cryptocurrency that would compete with it.
Chia is advertised as being a “green cryptocurrency,” similar to how stores often have an organic foods section. Green goods and services are big money in the current economy because slapping a green brand on something means environmental and health enthusiasts automatically flock to it. The greenness of Chia is entirely derived from PoC, which Burstcoin (BURST) has already been doing since 2014. Perhaps the Burstcoin (BURST) community should one-up Cohen and do a green advertising campaign before Chia launches since the method of branding is the only advantage that Chia has.
Indeed, PoC is environmentally friendly and uses practically no electricity, which also makes Burstcoin (BURST) one of the only profitable cryptocurrencies to mine on personal computers. PoC cryptocurrencies read cryptographic hashes from a plot in a hard drive, rather than calculating new cryptographic hashes all the time like with Proof of Work (PoW). The miner who finds the answer the quickest in their hard drive gets the block reward. Since more hard drive space equals more answers, more hard drive space leads to more block rewards. The Burstcoin(BURST) mining network has 230,000 TB (230 PB) of hard drive space at this time, driven by a strong community. It seems unlikely Chia would ever exceed that number since people interested in PoC already mine Burstcoin (BURST), and would not abandon Burstcoin (BURST) for a copycat.
Cohen incorrectly argues that miners would not continuously expand their mining operations with PoC.
“The idea is that you’re leveraging this resource of storage capacity, and people already have ludicrous amounts of excess storage on their laptops, and other places, which is just not being utilized,” he said. “There is so much of that already that it should eventually reach the point where if you were buying new hard drives for the purpose of farming, it would lose you money”.
The fact is that serious Burstcoin(BURST) miners regularly buy petabytesPB of new hard drive space to maximize revenue, and Chia miners would act no differently if Chia catches on.
The one possible difference between Burstcoin (BURST) and Chia is that Cohen is trying to prevent a “re-mining from genesis” attack, where a miner could create an entirely new chain starting at the genesis block. If they had enough hard drive power to do this, perhaps they would fork the blockchain. To avoid this attack Cohen says Chia will also integrate “Proof of Time” (PoT).
First off, Burstcoin (BURST) has never had issues with this sort of attack in its five years of existence. If someone has a tremendous amount of hard drive space and does PoC mining, it would be absolutely senseless to do this sort of attack since their entire mining farm would become worthless.
If the point of the attack was to do a double spend, the coins gained in the double spend would become worthless too. Cohen is trying to prevent an attack that is extremely unlikely since attackers have no incentive to do it.
The details about PoT are vague, with it being a parallel process to mining that takes the same amount of time no matter how much hard drive space is used. This would make Chia less efficient than Burstcoin (BURST) and therefore less competitive. Cohen is offering $100,000 to anyone who can develop PoT, making it clear it does not exist yet. Since PoT would probably make Chia less efficient, and it has not been developed yet, and it solves a non-existent problem, the PoT acronym is appropriate.
Ultimately, Chia is branded as green money for a digital world, when the reality is Burstcoin (BURST) already is green money for a digital world. Burstcoin (BURST) has a strong reputation, has been continuously running for five 5 years, and has an extremely strong community. It seems unlikely Chia will ever become more popular than Burstcoin (BURST), and unlike the title of the Breaker article indicates, Chia certainly has no chance of killing Bitcoin.
submitted by turtlecane to burstcoin [link] [comments]

Subreddit Stats: nyancoins top posts from 2014-01-22 to 2017-12-11 08:32 PDT

Period: 1419.14 days
Submissions Comments
Total 982 13857
Rate (per day) 0.69 9.75
Unique Redditors 223 1038
Combined Score 6770 19579

Top Submitters' Top Submissions

  1. 895 points, 208 submissions: coinaday
    1. Thank You: An interlude for gratitude (11 points, 19 comments)
    2. [community] You are a leader of Nyancoins / Herding Cats: Leading Leaders; Leadership in a Decentralized Community (10 points, 8 comments)
    3. Current Status / What I need to do (9 points, 4 comments)
    4. 1Ɲ >= 1Đ (8 points, 4 comments)
    5. I've got /nyancoin; anyone want to make use of it? (8 points, 13 comments)
    6. Want a NYAN faucet? Try out GetFairShare, a Crypto Universal Basic Income experiment; now with NYAN! (8 points, 3 comments)
    7. [finance] [theory] [first draft] Why NYAN is a great hodler's coin (8 points, 0 comments)
    8. [meta] [misadventures of coinaday] I quit! Okay, I'll stick out the two weeks. ...uh, sure, I'll try out management... ; also being a Good Samaritan feels great (8 points, 2 comments)
    9. I'm ready to give up on life; in which coinaday finally has his full-blown mental breakdown. So long, and thanks for all the rainbows! (7 points, 20 comments)
    10. Learn languages and earn NYAN: I strongly encourage everyone to sign up for (if you haven't already) and use Duolingo! (7 points, 16 comments)
  2. 588 points, 45 submissions: americanpegasus
    1. Fellow kitty-tats: We are making friends over at /dogemarket! They like us, and we should support them in kind! (31 points, 20 comments)
    2. Have you kats seen this!!? We just got mentioned in a Wired article above even Dogecoin! Wow! (30 points, 12 comments)
    3. GAME OF NYANCAT, Episode 4... Thousands of Nyancoins to win this weekend, for free! Choose your kingdom, choose your job, and claim your share of the treasure: Let's make this the biggest game yet! (28 points, 274 comments)
    4. We just passed CatCoin in marketcap: We are in 59th place and officially have lift off! Hold on to your poptarts - here we go! (28 points, 8 comments)
    5. I want to extend a huge thanks to Phecalfeliac who has successfully given us our very own tip bot! (nyantip) Please post in this topic so we can all tip you our thanks (with your own bot). (23 points, 80 comments)
    6. We are going to 500 subscribers this weekend: I guarantee it. Nyancoin has exploded, and I just want you to look at how far you've come in just 7 days. (23 points, 34 comments)
    7. Prepare to play... GAME OF NYANCAT. The Kingdom that wins will split a 1000 Nyancoin bounty, and all players are eligible for random tips. (22 points, 63 comments)
    8. GAME OF NYANCAT, Episode 2 (1/27/14)... Play NOW for free and win free Nyancoins! Every player will get tipped coins, and the Kingdom that wins will split up to a 1,000 NYAN treasure! Let the quest begin! (21 points, 73 comments)
    9. I took care of the vincent21212 & fake Nyancoin subreddit problem. (21 points, 14 comments)
    10. GAME OF NYANCAT, Episode 3 (1/28/14)... Play NOW for free and win free Nyancoins! Every player will get tipped coins, and the Kingdom that wins will split up to a 1,000 NYAN treasure! Let the quest begin! (20 points, 60 comments)
  3. 326 points, 40 submissions: atheistftwins
    1. BEWARE! Crycurex.com may be attempting to add NYAN! (22 points, 8 comments)
    2. Lets make Nyancoin games! Increased bounty size to 40,000 NYAN! (20 points, 59 comments)
    3. In honor of our recent success and becoming the biggest cat-themed coin on reddit, I'm hosting a giveaway and raffle! (15 points, 190 comments)
    4. Lets make a game for Nyancoin! 10,000 NYAN bounty! (14 points, 43 comments)
    5. Dev says Chris and the Nyancat team will begin heavy promotion of the coin soon! What should the community do to support this? (13 points, 4 comments)
    6. It's time for the community to revive this coin. Promotional campaign: 50,000 NYAN bounty! (12 points, 66 comments)
    7. Preparation for KGW: up to 11,000 NYAN giveaway. One person will walk away with 2500 NYAN! (To my knowledge the biggest tip that will have been given away here.) (11 points, 44 comments)
    8. We just passed difficulty of 10! Giving away 10 NYAN to anyone who posts here up to 1000 NYAN! (11 points, 229 comments)
    9. We need more marketing of the coin. (11 points, 21 comments)
    10. Flash NYAN giveaway! Will last 24 hours instead of usual 6. Meta-topic: What kind of giveaway does the community want? (10 points, 42 comments)
  4. 266 points, 33 submissions: braxx1980
    1. new exchange looking for trading pairs... voting NYAN up (19 points, 28 comments)
    2. maybe we need some nyancoin support from deadmau5 and skrillex (16 points, 5 comments)
    3. NYAN now also listed on cryptx.io (14 points, 5 comments)
    4. [idea] why not ask doge 4 water to add NYAN (13 points, 9 comments)
    5. NYANcoin... to boldly go where no NYAN has gone before CYBERSPACE (12 points, 8 comments)
    6. apologies to Joel (easyjo) for the FUD for altoutlet. He is the best. Giving Nyan a chance to his store... THANK YOU JOEL (12 points, 1 comment)
    7. GREAT NEWS: altoutlet.com is going to add us this week (11 points, 3 comments)
    8. TIME IS UP... let's find ourself a new developer (11 points, 9 comments)
    9. We hit COINMARKETCAP (@the moment place 66) (11 points, 18 comments)
    10. CALL OUT TO DEV: give us some status on the work on X11. I'll give you until 1 may. (10 points, 6 comments)
  5. 232 points, 29 submissions: Simcom
    1. More positive press!! The battle over Nyancoin: How a cat meme inspired a cryptocurrency war [TheDailyDot] (22 points, 1 comment)
    2. Nyancoin was just listed on it's first Chinese exchange! (15 points, 8 comments)
    3. How I feel when one of my NYAN tips is rejected. (14 points, 14 comments)
    4. [Giveaway - 2000 NyanCoin for tipping!] Go forth Space Kitties - to the the far reaches of Reddit!! Spread the the gospel of NyanCoin to all you encounter!! (14 points, 162 comments)
    5. Nyancoin is now listed on Cryptsy!!! (13 points, 14 comments)
    6. This was just shared with 3 Million People on Facebook!!! (11 points, 5 comments)
    7. Welcome newcomers! If you haven't done so already - stop by the 1st Official Reddit Giveaway thread for 33.7 free coins! [Repost] (11 points, 1 comment)
    8. Flight Commander Sgt. Fluffy McMeower, reporting for duty. (10 points, 6 comments)
    9. Let's Roll (10 points, 0 comments)
    10. Nyancoin added to the Cryptsy voting list!! VOTE NOW!!!!!! (10 points, 10 comments)
  6. 208 points, 13 submissions: nyancoin
    1. NYANCOIN FIRST OFFICIAL REDDIT GIVEAWAY - 33.7 nyancoins for the first 337 comments! (43 points, 744 comments)
    2. Nyancoin V 1.2 Out Now! Kimoto Gravity Well Implemented! MANDATORY UPDATE (28 points, 28 comments)
    3. Dev Updates (19 points, 14 comments)
    4. Some updates from the dev team (18 points, 22 comments)
    5. [Giveaway] 10 FREE NYANCOINS to the First 1000 Posts! (17 points, 204 comments)
    6. Dev Updates + Kimoto Gravity Well is here! (16 points, 17 comments)
    7. Check out the first Nyancoin promo video! (13 points, 26 comments)
    8. Nyan Cat Store Pre-opening Offer! (13 points, 40 comments)
    9. News and Update on Nyancoin (12 points, 31 comments)
    10. Nyancoin will be switching to X11 Algo! (11 points, 33 comments)
  7. 173 points, 35 submissions: KojoSlayer
    1. NyanCoin Miner v0.06 [Game WIP] (12 points, 19 comments)
    2. Nyancoin Pixel Art In MC (First Attempt!) (8 points, 5 comments)
    3. To Buy All The Nyan On Cryptsy 12.27904283 BTC Or 3004.19 US Dollars (8 points, 9 comments)
    4. New To Nyan & Cryptocurrency (7 points, 13 comments)
    5. Two Faucets?! One Week! This coins is dead I say! (7 points, 32 comments)
    6. [Bounty] 5,000 Nyan, 10,000 Nyan! Faucet! (7 points, 24 comments)
    7. [Hype][Update] Browser based MMORPG accepting Nyancoins. (7 points, 13 comments)
    8. Dice soft launch (6 points, 8 comments)
    9. Meow (6 points, 0 comments)
    10. Miners We Need YOU! (6 points, 20 comments)
  8. 163 points, 2 submissions: nyantip
    1. Hi, I am nyantip. I need karma to function. Upvote me and post something interesting in this thread to be tipped Nyancoin. (104 points, 170 comments)
    2. This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip! (59 points, 99 comments)
  9. 117 points, 15 submissions: sillyputti
    1. I didn't finish this in time for the Game of Nyancat, but better late than never...Nyan Power! (15 points, 27 comments)
    2. Just mined my first 100 Nyan, testing out the tipbot. Come help me tip. (10 points, 101 comments)
    3. Made a tutorial for beginners on mining nyan. Let me know if I can make it better. Thanks. (10 points, 9 comments)
    4. Remember Nekonauts, we have some pretty cool subreddits worth checking out too. (10 points, 10 comments)
    5. Updated the old Java GUI Miner. Try it out and see how it works, may have some use when KGW hits. (10 points, 0 comments)
    6. Guys, guys! I saw nyancoin on the Crypto-Currency chart! (8 points, 10 comments)
    7. Brainstorming and tip session at /nyangaming (7 points, 0 comments)
    8. ELI5: The benefits of being "Officially Licensed" coin are? (7 points, 15 comments)
    9. Found my first block today. Sharing some nyan for new nekonauts. 100 nyan give away. (7 points, 122 comments)
    10. Link to the creating your own faucet (7 points, 5 comments)
  10. 103 points, 17 submissions: OnwardFlying
    1. I'm not into Nyancoins for the money, however... (12 points, 8 comments)
    2. FortyNyaners have a 0% fee, nice layout. I like. (10 points, 3 comments)
    3. Too much hashrate at Nyanmine. Please diversify! (9 points, 8 comments)
    4. IRC @ chat.freenode.net, #Nyancoin (8 points, 1 comment)
    5. The video that started it all! (7 points, 0 comments)
    6. AMD/esp. nVidia miners, get more kh/s from your cards. (6 points, 1 comment)
    7. Coined Up at 5-15 Satoshi again. Quick get your cheap nyan! (6 points, 4 comments)
    8. IRL Nyan Sightings Increase Dramatically - We need your proof they exist! (6 points, 1 comment)
    9. Is it about time we think about a good push for Cryptsy? (6 points, 15 comments)
    10. [Bounty] Create a Nyancoin meme, get 10 nyan per upvote! (6 points, 9 comments)
  11. 98 points, 5 submissions: kiyami
    1. I'm a graphic designer new to nyancoin/reddit and wanted to help out. Hope you like it! (39 points, 35 comments)
    2. Starry Night (25 points, 17 comments)
    3. Cats: Every single one has a God-complex. (19 points, 4 comments)
    4. BRAiN FREEZE (11 points, 10 comments)
    5. wow such ascent, many flap... my four favorite coins together 4ever. Wallpaper! (4 points, 3 comments)
  12. 97 points, 22 submissions: jwflame
    1. Map of Nyancoin Nodes (7 points, 6 comments)
    2. More market weirdness that cannot be explained (7 points, 1 comment)
    3. Cryptopia block explorer gone ? (6 points, 2 comments)
    4. Found another mining pool. (6 points, 3 comments)
    5. NYANSEED is online (6 points, 12 comments)
    6. New block explorer (6 points, 1 comment)
    7. The 3rd exchange returns (6 points, 1 comment)
    8. 'official' website has gone (5 points, 3 comments)
    9. Domains for chain and website (5 points, 8 comments)
    10. Novaexchange closing (5 points, 3 comments)
  13. 89 points, 9 submissions: valcarni
    1. Nyancoin makes SBS Australian news (18 points, 4 comments)
    2. Don't just be a casual nekonaut press subscribe and get this channel up to 500 users (16 points, 5 comments)
    3. We need a new currency exchange (15 points, 13 comments)
    4. Don't know if you all saw this but, Follow The Coin announces how Nyancoin is the first offically licensed cryptocurrency (12 points, 0 comments)
    5. Nyancoin on its way up (12 points, 7 comments)
    6. My first 7.349511 Nyan (5 points, 6 comments)
    7. My contribution to the community - Nyancoin Lotto (4 points, 4 comments)
    8. The value of Nyancoins (4 points, 7 comments)
    9. Just need one more player in Game 1 of Nyancoin Lotto (3 points, 2 comments)
  14. 75 points, 9 submissions: IntelligentComment
    1. Nyan gaining popularity (14 points, 14 comments)
    2. Announcement nyandispenser.tk/faucet has been hacked. Please do not go to that website (12 points, 12 comments)
    3. California passed law making Bitcoins & Other cryptocurrency legal money (11 points, 1 comment)
    4. Official Nyancoin youtube launch video. Millions of dollars spent for production!! (11 points, 3 comments)
    5. Mine as much as you can, the popularity wave is coming (6 points, 6 comments)
    6. Nyan Coin Mining subreddit - New (6 points, 0 comments)
    7. Official Nyancoin catch phrases vote thread! Vote and submit! (6 points, 11 comments)
    8. Post pics of your nyan coin mining rig! (5 points, 21 comments)
    9. How to pronounce Nyan (4 points, 3 comments)
  15. 72 points, 11 submissions: slasherzx
    1. How I describe nyantip bot (12 points, 3 comments)
    2. ASIC scrypt miners incoming! (8 points, 14 comments)
    3. Is our faucet dry? (8 points, 20 comments)
    4. We are back at top 100 in coinmarketcap (8 points, 14 comments)
    5. After KGw, what's next.? (7 points, 6 comments)
    6. Cuckoo cycle a new algo? (7 points, 2 comments)
    7. Lets celebrate KGW implemented! No one is stopping Nyan now! (6 points, 0 comments)
    8. KNC upped the speed from 100mhs to 250mhs.. (4 points, 4 comments)
    9. Scrypt Adaptive-N + Kimoto Gravity (4 points, 22 comments)
    10. moonishere pool owning 50+% of net hashrate (4 points, 0 comments)
  16. 68 points, 7 submissions: petert0th
    1. Shut up and take my nyancoins! (18 points, 24 comments)
    2. Faucet added to 2048nyancoinz! (14 points, 33 comments)
    3. 2048nyancoinz - 2048 game with a lot of nyanz:) (10 points, 8 comments)
    4. Nyan Dice public beta is here! Check it out and tell me what do you think about it! (8 points, 13 comments)
    5. 1000th 2048nyancoinz dispense is coming, 15 to go, 100 nyan bounty for the lucky dispenser. (6 points, 22 comments)
    6. Making 500 nyancoins to almost 4000? Congrats to the first "large multiplier" winner:) (6 points, 0 comments)
    7. NyanDice is almost here! PM me if you want to beta test it. (6 points, 4 comments)
  17. 65 points, 7 submissions: lzr1900
    1. A generous Nekonaut just donated almost 1 BTC to Cryptsy Votes,that made us be the 7th place there.Our community must do something to help our little nyancoin added on Cryptsy,we deserve that!!If 1/5 of Nekonauts(nearly 200) donate 0.01BTC each to Cryptsy will let us achieve this goal! (18 points, 22 comments)
    2. Nekonauts!We hit Coinedup!! (13 points, 14 comments)
    3. WTF!!!Freshmarket.co.in compromised!! (9 points, 10 comments)
    4. Vote Nyan for MintPal!This exchange seems really awesome. (7 points, 4 comments)
    5. 67000 blocks now! KGW working. (6 points, 0 comments)
    6. Aha.Thanks Coinedup.We have NYAN/LTC now.Happy trading:o. (6 points, 4 comments)
    7. I will start a brand new promotion in China recently,include some giveaways,games,etc in the fourms,weibo,QQgroups.Let the Chinese join NYAN!!!We will to da Sapce.Let's do it. (6 points, 10 comments)
  18. 63 points, 9 submissions: nyanstu
    1. Keep voting up NYAN on allcrypt!! http://www.allcrypt.com/beta/voting.php (15 points, 5 comments)
    2. Nekonauts for charity! (10 points, 20 comments)
    3. Let's get writing to publicize NYAN (7 points, 6 comments)
    4. Can someone hook up the price guide to coinedup? (6 points, 10 comments)
    5. Nyancoiners from all over the world... (6 points, 22 comments)
    6. Wikipedia for Nyancoin (6 points, 3 comments)
    7. Cryptsy? (5 points, 3 comments)
    8. Needed: team of brave Nekonauts! (5 points, 10 comments)
    9. Facebook page! (3 points, 9 comments)
  19. 59 points, 8 submissions: dhj0001
    1. Nyan.cat (14 points, 9 comments)
    2. It seems like we've generated some buzz for Nyancoin? (12 points, 5 comments)
    3. Progress of Kimoto Gravity Well? (10 points, 6 comments)
    4. Assistance with NYAN Faucet (6 points, 5 comments)
    5. Official NyanCoin images (5 points, 6 comments)
    6. Why is nyancoin falling? (5 points, 9 comments)
    7. New Nyancoin game up and running! Calling all sprite photoshop guru's for a nyan-themed upgrade! (4 points, 7 comments)
    8. Why do you think Nyancoin is one of the better cryptocurrency? (3 points, 3 comments)
  20. 57 points, 11 submissions: The-Bent
    1. My not quite finished Nyan display for the office (8 points, 11 comments)
    2. Added rainbow to the mining box. (7 points, 5 comments)
    3. My ghetto Nyan mining rig. (7 points, 20 comments)
    4. I got a 3D printer and made some things to help keep my Nyan mining rig cool! (6 points, 17 comments)
    5. Looks like Nyanchain is back up!! (5 points, 5 comments)
    6. So you just received your Moonlander 2, what now? (5 points, 9 comments)
    7. What mining at under 5 megahashes per second gets you. AKA: why I love Nyan! (5 points, 4 comments)
    8. mining rewards on chain.nyan.space (5 points, 5 comments)
    9. FutureBit Moonlander 2 is available. (3 points, 30 comments)
    10. how to node? (3 points, 5 comments)
  21. 52 points, 5 submissions: Rupluttaja
    1. How I feel when I'm drinking coins from a faucet (19 points, 8 comments)
    2. Gravity well should be set to be main priority. (16 points, 26 comments)
    3. And the Devs have left us in the shadows...again Please give the community some updates (7 points, 5 comments)
    4. What God-complex? Nyan is god, it has a halo. (5 points, 0 comments)
    5. What happened to the faucet? (5 points, 6 comments)
  22. 51 points, 7 submissions: slavethewhales
    1. CRYPTSY! (16 points, 2 comments)
    2. How would one go about creating a faucet? (7 points, 5 comments)
    3. Miss you guys (7 points, 7 comments)
    4. 67000 is here! (6 points, 0 comments)
    5. If you have an iPhone, request Nyancoin inclusion in the Coin Ticker app. Just go to Settings, Coin Request, then scroll down to Nyancoin and click the request button on the right. It's a really nice app and would be good exposure to get it in there. (6 points, 2 comments)
    6. A handy crypto converter, NYAN included! (5 points, 2 comments)
    7. Does anyone know how many hits per day the nyancoin faucet website gets? I'm curious about the overall interest in the coin at this point. (4 points, 2 comments)
  23. 46 points, 8 submissions: Snargosoft
    1. Nyan Coin is now 2nd on Cryptsy (10 points, 6 comments)
    2. 12 Hours Of Extra Free Nyan Coins! (8 points, 6 comments)
    3. New Nyan Coin Faucet (8 points, 14 comments)
    4. The New www.NyanCoin.Me (5 points, 10 comments)
    5. How to make a faucet (4 points, 1 comment)
    6. The Nyan Coin Faucet now dispenses Nyan Coins Automatically! (4 points, 6 comments)
    7. www.Nyancoin.Me Has Just Dispensed Their 1000th Coin! (4 points, 2 comments)
    8. Cryptsy Is Only Steps Away! While we are second, Let's Stay Second! Down With XRP (3 points, 2 comments)
  24. 46 points, 6 submissions: MAURO_italy
    1. 3RD AD CAMPAIGN!! LET'EM KNOW WE GOT IN ALTOUTLET! (9 points, 10 comments)
    2. TO THE MOON! (9 points, 9 comments)
    3. [RESURRECT] Advertising campaign! READ ME PLEASE! (9 points, 31 comments)
    4. [GROWING] 2ND AD CAMPAIGN! GET IN!! (8 points, 18 comments)
    5. Have an Happy St. Patrick's Day, Nekonauts! (6 points, 19 comments)
    6. [SUGGESTION] NYAN COINS MOBILE APP (5 points, 4 comments)
  25. 45 points, 7 submissions: jeredye
    1. FortyNyaners.com - New Mining Pool! - 0% FEES + Giaveaway! (10 points, 56 comments)
    2. Fortynyaners.com Pool Fee Increase (8 points, 9 comments)
    3. How to Create Nyancoin Vanity Addresses [Guide] (7 points, 20 comments)
    4. Upgraded Design - FortyNyaners.com - 0% Fee Pool (7 points, 12 comments)
    5. Fortynyaners.com GIVEAWAY #2! 0% Fee Pool - We need more miners! (6 points, 37 comments)
    6. Fortynyaners.com BLOCK FINDER BONUS ENABLED. 10 NYAN bonus per block! (4 points, 9 comments)
    7. FortyNyaners.com - 0% Fee Pool - SITE REDESIGN (3 points, 3 comments)
  26. 45 points, 5 submissions: Codge1
    1. A massive thank you to hu3m4n for your hard work! (13 points, 16 comments)
    2. The package came in today! Great way to start the weekend! (13 points, 3 comments)
    3. Ads running today!? (7 points, 2 comments)
    4. NYAN DICE GAME http://nyan.greendice.cc/ (6 points, 3 comments)
    5. Post here to get us listed on coinmarket.io and get 5 nyan!!! (6 points, 26 comments)
  27. 45 points, 3 submissions: kuoushi
    1. What it looks like drinking from the nyancoin faucet (27 points, 26 comments)
    2. I think I went farther than expected on 2048nyancoinz (11 points, 4 comments)
    3. Just a heads up, I think the nyandispenser.tk faucet was compromised. (7 points, 6 comments)
  28. 44 points, 9 submissions: peanut83
    1. Lets pump up the faucet I just added 20,000 nyan (8 points, 2 comments)
    2. After PoS (7 points, 1 comment)
    3. Stump the Geek (6 points, 4 comments)
    4. Nyancoin supply is almost 90m (5 points, 2 comments)
    5. why has hashrate jumped to 380.61 MH/s ? (5 points, 2 comments)
    6. would this be good for nyan? (4 points, 2 comments)
    7. Ex cryptsy user. I would buy this coin but I don't fancy using cryptopia (3 points, 7 comments)
    8. Nyancoin dirt cheap on cryptsy. (3 points, 4 comments)
    9. dead fb page can we remove? (3 points, 11 comments)
  29. 43 points, 4 submissions: The_Somnambulist
    1. Thank you, americanpegasus for Game of Nyan and all your hard work. (22 points, 12 comments)
    2. Nyancoin wallpaper 2560x1600 (11 points, 9 comments)
    3. Nyancoin giveaway! (6 points, 55 comments)
    4. Nyancoin for science (4 points, 10 comments)
  30. 43 points, 4 submissions: xpliset
    1. Help us get on cryptsy and get 20 free NYAN (17 points, 177 comments)
    2. Help NyanCoin get on another exchange and receive 50 NYAN! (13 points, 131 comments)
    3. www.nyanmine.com running its second promotion (8 points, 6 comments)
    4. Vote for nyancoin on coinpayments (5 points, 5 comments)
  31. 42 points, 7 submissions: snarklasers
    1. Yes, tipnyan is down ATM. (14 points, 7 comments)
    2. Tipping Tuesday; time for original Nyan memes. (7 points, 5 comments)
    3. Recap of what happened last week. :) (6 points, 10 comments)
    4. Network stuck again. Any ideas? (5 points, 37 comments)
    5. Nyancat is now broken. (4 points, 9 comments)
    6. ( ͡° ͜ʖ ͡°) (3 points, 8 comments)
    7. Caturday Contest: Nyan Cat Auditions (3 points, 10 comments)
  32. 39 points, 4 submissions: abyssea
    1. This is how I feel with my NyanCoins :( (18 points, 1 comment)
    2. Just ordered a mining rig and a little nervous! (9 points, 25 comments)
    3. New Miner Setup and Ready! (7 points, 9 comments)
    4. Is something wrong with the Nyancoin Calculator? (5 points, 7 comments)
  33. 39 points, 3 submissions: procrypt
    1. NYAN > USD/GBP/EUBTC/DOGE spreadsheet (21 points, 28 comments)
    2. How I felt when I saw the estimated next difficulty (13 points, 16 comments)
    3. Nyan Tipping etiquette (5 points, 3 comments)
  34. 38 points, 5 submissions: brennancellis
    1. We did it! (10 points, 13 comments)
    2. Here's some nyancoin wallpapers!!! (9 points, 3 comments)
    3. Contest for Nyancoin! (7 points, 10 comments)
    4. Doge did it, so should we! (7 points, 9 comments)
    5. Check out the wiki and see what it needs! (5 points, 4 comments)

Top Commenters

  1. nyantip (2350 points, 1872 comments)
  2. coinaday (1630 points, 1210 comments)
  3. atheistftwins (761 points, 562 comments)
  4. KojoSlayer (668 points, 363 comments)
  5. americanpegasus (560 points, 318 comments)
  6. Simcom (555 points, 374 comments)
  7. tipnyan (409 points, 293 comments)
  8. Phecalfeliac (364 points, 249 comments)
  9. braxx1980 (304 points, 222 comments)
  10. vmp32k (292 points, 159 comments)
  11. sillyputti (281 points, 225 comments)
  12. nyancoin (263 points, 208 comments)
  13. Codge1 (242 points, 149 comments)
  14. shibeseller (232 points, 147 comments)
  15. jwflame (230 points, 115 comments)
  16. OnwardFlying (206 points, 168 comments)
  17. The_Somnambulist (205 points, 155 comments)
  18. xpliset (200 points, 162 comments)
  19. Jybrael (195 points, 121 comments)
  20. The-Bent (189 points, 97 comments)
  21. spydud22 (184 points, 96 comments)
  22. Lufah (171 points, 98 comments)
  23. shinohai_ (166 points, 86 comments)
  24. slasherzx (162 points, 101 comments)
  25. jwinterm (152 points, 89 comments)
  26. snarklasers (148 points, 64 comments)
  27. dhj0001 (133 points, 88 comments)
  28. IntelligentComment (129 points, 93 comments)
  29. Rupluttaja (128 points, 77 comments)
  30. jeredye (122 points, 88 comments)
  31. bendover340 (103 points, 57 comments)
  32. ginger_beer_m (101 points, 72 comments)
  33. UrsaMajorisAlpha (100 points, 73 comments)
  34. EdenSB (95 points, 73 comments)
  35. Exohain (95 points, 59 comments)
  36. valcarni (90 points, 63 comments)
  37. nyanstu (83 points, 65 comments)
  38. procrypt (79 points, 60 comments)
  39. lzr1900 (72 points, 51 comments)
  40. CartmanSPC (71 points, 35 comments)
  41. feyerbrand (70 points, 63 comments)
  42. Snargosoft (69 points, 54 comments)
  43. Larry1123 (66 points, 53 comments)
  44. Dogexecutive (59 points, 32 comments)
  45. MAURO_italy (58 points, 50 comments)
  46. ProHashing (57 points, 24 comments)
  47. kahbn (55 points, 42 comments)
  48. petert0th (53 points, 47 comments)
  49. bl4ckw00d (51 points, 37 comments)
  50. Palladi (51 points, 35 comments)
  51. thorygg (51 points, 35 comments)
  52. RunNyanRun (50 points, 21 comments)
  53. JiveTonto (49 points, 22 comments)
  54. bonoboner (48 points, 30 comments)
  55. FwuffyKittens (46 points, 36 comments)
  56. EricPach (46 points, 34 comments)
  57. SyntheticDarkness (46 points, 34 comments)
  58. iMadeATpyo (46 points, 21 comments)
  59. dbcmaster (45 points, 37 comments)
  60. peanut83 (45 points, 32 comments)
  61. Emm_mm3 (44 points, 35 comments)
  62. scirocco (44 points, 30 comments)
  63. JamesArbuthnotPooley (43 points, 28 comments)
  64. catathon (42 points, 28 comments)

Top Submissions

  1. Hi, I am nyantip. I need karma to function. Upvote me and post something interesting in this thread to be tipped Nyancoin. by nyantip (104 points, 170 comments)
  2. This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip! by nyantip (59 points, 99 comments)
  3. NYANCOIN FIRST OFFICIAL REDDIT GIVEAWAY - 33.7 nyancoins for the first 337 comments! by nyancoin (43 points, 744 comments)
  4. I'm a graphic designer new to nyancoin/reddit and wanted to help out. Hope you like it! by kiyami (39 points, 35 comments)
  5. Hello fellow space-cats! I am the nyantipbot. I'm nothing more than a dream at this point, but you can help make me real! Details inside... by nyantipbot (37 points, 38 comments)
  6. Fellow kitty-tats: We are making friends over at /dogemarket! They like us, and we should support them in kind! by americanpegasus (31 points, 20 comments)
  7. Have you kats seen this!!? We just got mentioned in a Wired article above even Dogecoin! Wow! by americanpegasus (30 points, 12 comments)
  8. GAME OF NYANCAT, Episode 4... Thousands of Nyancoins to win this weekend, for free! Choose your kingdom, choose your job, and claim your share of the treasure: Let's make this the biggest game yet! by americanpegasus (28 points, 274 comments)
  9. Nyancoin V 1.2 Out Now! Kimoto Gravity Well Implemented! MANDATORY UPDATE by nyancoin (28 points, 28 comments)
  10. We just passed CatCoin in marketcap: We are in 59th place and officially have lift off! Hold on to your poptarts - here we go! by americanpegasus (28 points, 8 comments)

Top Comments

  1. 14 points: nyantip's comment in Hi, I am nyantip. I need karma to function. Upvote me and post something interesting in this thread to be tipped Nyancoin.
  2. 14 points: nyantip's comment in This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip!
  3. 13 points: nyantip's comment in This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip!
  4. 13 points: nyantip's comment in This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip!
  5. 12 points: nyantip's comment in This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip!
  6. 11 points: americanpegasus's comment in I took care of the vincent21212 & fake Nyancoin subreddit problem.
  7. 11 points: nyantip's comment in Hi, I am nyantip. I need karma to function. Upvote me and post something interesting in this thread to be tipped Nyancoin.
  8. 11 points: nyantip's comment in This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip!
  9. 10 points: atheistftwins's comment in Nyancoin dipping. Shall we check-in about planned promotion and community adoption?
  10. 10 points: nyantip's comment in This is nyantip again. Do I need to submit a link to get karma? As usual, upvote me and post for a tip!
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

Subreddit Stats: burstcoin top posts from 2016-11-29 to 2017-11-03 04:49 PDT

Period: 338.96 days
Submissions Comments
Total 999 5546
Rate (per day) 2.95 17.61
Unique Redditors 631 1114
Combined Score 2571 8949

Top Submitters' Top Submissions

  1. 129 points, 15 submissions: ddaze7
    1. Burst On The Go! The PoC Consortium Releases Their Android Wallet (17 points, 3 comments)
    2. Important Burst News! PoCC Releases New Network Observer! (16 points, 2 comments)
    3. New Wallet 1.3.4cg Released! (14 points, 5 comments)
    4. One Month of PoCC (And Android App Beta Release!) Burst Community Announcements (13 points, 1 comment)
    5. The PoCC Releases The New Burst Testnet - Burst Community Announcements (12 points, 8 comments)
    6. Windows CG Burst Wallet Launcher Released - The Most Stable Wallet For Windows Users (11 points, 2 comments)
    7. The PoCC Has Started a Linux Package Repository For Burst - Burst Community Announcements (10 points, 0 comments)
    8. GetBurst Forums - New Burstcoin Cryptocurrency Forum - Less Bull, More Burst (8 points, 6 comments)
    9. Weekly Burst Report #1 - 09/03/2017 - Burst Community Announcements (7 points, 1 comment)
    10. Burstcoin Mining Calculator (6 points, 0 comments)
  2. 102 points, 13 submissions: burstkid64
    1. The Real History Behind BurstCoin. |Botnet linked to BURSTnation? BS if you ask me...but whats going on here? (53 points, 46 comments)
    2. Black-hole assets, Buyer BEWARE (34 points, 46 comments)
    3. Burst, POC- Consortium Weekly Burst Report #3 for 09/17/2017 (5 points, 5 comments)
    4. Burst-Coin.org | How-to's & Tutorials (4 points, 3 comments)
    5. Block stats all in one place (3 points, 1 comment)
    6. We're giving away 1 BURST for every NEW burstcoin user! (3 points, 0 comments)
    7. BURSTCOIN Weekly Live Dev Meet for August 15, 2017 (0 points, 3 comments)
    8. BURSTCOIN Weekly Live Dev Meet for September 12, 2017 (0 points, 12 comments)
    9. BURSTCOIN Weekly Live Dev Meet for September 5, 2017 (0 points, 0 comments)
    10. BURSTCOIN Weekly Public Development Meeting - August,1 2017 (0 points, 2 comments)
  3. 67 points, 7 submissions: therico666
    1. Waiting for the next PoC Coin (21 points, 1 comment)
    2. [ANN] PoC Consortium Stage 1: BURST (15 points, 5 comments)
    3. Richlist, Top-Forgers, Balance Distribution etc. in PoCC Explorer (8 points, 2 comments)
    4. Poloniex Deposit/Withdrawals enabled again (7 points, 2 comments)
    5. Will the hard work of the PoCC be enough? (7 points, 24 comments)
    6. BURST Wallet MonitoRestarter (5 points, 0 comments)
    7. Setting a Reward Assignment (4 points, 1 comment)
  4. 66 points, 19 submissions: ShaneJohnston
    1. FREE TOKENS - Get mining today (17 points, 110 comments)
    2. Burst 25M cap.... rising every week! (10 points, 5 comments)
    3. And we have liftoff! Burst is back up to 15M cap 😊🚀 (9 points, 9 comments)
    4. Is burst strong enough to handle a 10x influx? (7 points, 4 comments)
    5. Burstcoin Marketing (6 points, 9 comments)
    6. 2000 Subscribers ... Big announcement coming end of Sept 🚀 (5 points, 1 comment)
    7. About to mine with 25TB... How much can I expect per month? (3 points, 17 comments)
    8. Pump and Dump? (3 points, 14 comments)
    9. Should you mine burst coin? (2 points, 1 comment)
    10. Any more miners want to get started with two tokens? (1 point, 10 comments)
  5. 55 points, 11 submissions: ccminer_net
    1. My message on Bitcoin talk (26 points, 70 comments)
    2. Just published a simple tool that could be useful for fellow burstocoin asset issuer (7 points, 0 comments)
    3. BURST PRICE PUMP (4 points, 2 comments)
    4. CCMINER1000 NEW BATCH RELEASED!! (4 points, 1 comment)
    5. BURST instant loans and exchange (3 points, 0 comments)
    6. I wrote to POLO about BURST wallet maintenance! (3 points, 0 comments)
    7. CCMINER1000 last batch sold out (2 points, 0 comments)
    8. Our rig is getting bigger and bigger whatch the video (2 points, 8 comments)
    9. Video presentation about BURST and its unique features (2 points, 0 comments)
    10. NEW ADVERTISEMENT ASSET (1 point, 0 comments)

Top Commenters

  1. TheBigGame117 (416 points, 267 comments)
  2. flippycakes (364 points, 234 comments)
  3. AlfredStevens62 (280 points, 16 comments)
  4. cinnapear (243 points, 102 comments)
  5. Nisc3d (232 points, 102 comments)

Top Submissions

  1. The Real History Behind BurstCoin. |Botnet linked to BURSTnation? BS if you ask me...but whats going on here? by burstkid64 (53 points, 46 comments)
  2. Black-hole assets, Buyer BEWARE by burstkid64 (34 points, 46 comments)
  3. burst-team 1.2.9 wallet formal release with the block prioritization fix. More resilient to forks caused by unconfirmed transactions. by pvevil (27 points, 4 comments)
  4. My message on Bitcoin talk by ccminer_net (26 points, 70 comments)
  5. This is what Burst is all about, and what we should be pushing as the community! Props to who ever made it. by MrPilotMan (26 points, 24 comments)
  6. Any mods around? by v3d (25 points, 25 comments)
  7. So I guess burst.ninja just robbed us? by Darius510 (25 points, 13 comments)
  8. The truth about Burstcoin by Crypto_Oh_No (24 points, 4 comments)
  9. Is the Burstcoin network really this vulnerable? by look_its_a_squirrel (22 points, 37 comments)
  10. Burstcoin Drama? by Kris-The-Ish (22 points, 18 comments)

Top Comments

  1. 43 points: AlfredStevens62's comment in The Real History Behind BurstCoin. |Botnet linked to BURSTnation? BS if you ask me...but whats going on here?
  2. 43 points: AlfredStevens62's comment in The Real History Behind BurstCoin. |Botnet linked to BURSTnation? BS if you ask me...but whats going on here?
  3. 28 points: AlfredStevens62's comment in Black-hole assets, Buyer BEWARE
  4. 28 points: Kris-The-Ish's comment in The Real History Behind BurstCoin. |Botnet linked to BURSTnation? BS if you ask me...but whats going on here?
  5. 27 points: AlfredStevens62's comment in The Real History Behind BurstCoin. |Botnet linked to BURSTnation? BS if you ask me...but whats going on here?
  6. 26 points: AlfredStevens62's comment in Black-hole assets, Buyer BEWARE
  7. 25 points: burstkid64's comment in Black-hole assets, Buyer BEWARE
  8. 24 points: JesusWebster38's comment in Black-hole assets, Buyer BEWARE
  9. 23 points: Kris-The-Ish's comment in Burstcoin Drama?
  10. 22 points: AlfredStevens62's comment in Black-hole assets, Buyer BEWARE
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

Creator of Bittorrent Thinks He Can Kill Bitcoin With Chia, a Burstcoin (BURST) Copycat

Creator of Bittorrent Thinks He Can Kill Bitcoin With Chia, a Burstcoin (BURST) Copycat
https://preview.redd.it/rknht1mht9521.png?width=690&format=png&auto=webp&s=1026ea20c81f520ba749f7eb1d00ae9f72099cdf

https://cryptoiq.co/creator-of-bittorrent-thinks-he-can-kill-bitcoin-with-chia-a-burstcoin-burst-copycat/
Bram Cohen, the creator of the popular peer to peer torrenting software BitTorrent, is creating a cryptocurrency called Chia. This new cryptocurrency will use Proof of Capacity (PoC), an algorithm perfected by Burstcoin (BURST).
Breaker incorrectly reports that PoC, which Cohen is calling Proof of Space, is a new algorithm developed by Cohen. Further, Breaker writes that Chia could kill Bitcoin. It is unlikely that Chia will even be competitive with Burstcoin(BURST), which has a $9 million market cap, let alone Bitcoin, as we’ll now explain.
The crypto space is unfortunately filled with copycat devs who make copycat cryptocurrencies, and this Chia situation appears to be a good example. Burstcoin(BURST)has a strong community of Cypherpunks and has been using PoC since 2014. If Cohen truly cared about the adoption of PoC crypto, he should have jumped on the Burstcoin(BURST) boat instead of trying to create a different cryptocurrency that would compete with it.
Chia is advertised as being a “green cryptocurrency,” similar to how stores often have an organic foods section. Green goods and services are big money in the current economy because slapping a green brand on something means environmental and health enthusiasts automatically flock to it. The greenness of Chia is entirely derived from PoC, which Burstcoin (BURST) has already been doing since 2014. Perhaps the Burstcoin (BURST) community should one-up Cohen and do a green advertising campaign before Chia launches since the method of branding is the only advantage that Chia has.
Indeed, PoC is environmentally friendly and uses practically no electricity, which also makes Burstcoin (BURST) one of the only profitable cryptocurrencies to mine on personal computers. PoC cryptocurrencies read cryptographic hashes from a plot in a hard drive, rather than calculating new cryptographic hashes all the time like with Proof of Work (PoW). The miner who finds the answer the quickest in their hard drive gets the block reward. Since more hard drive space equals more answers, more hard drive space leads to more block rewards. The Burstcoin(BURST) mining network has 230,000 TB (230 PB) of hard drive space at this time, driven by a strong community. It seems unlikely Chia would ever exceed that number since people interested in PoC already mine Burstcoin (BURST), and would not abandon Burstcoin (BURST) for a copycat.
Cohen incorrectly argues that miners would not continuously expand their mining operations with PoC.
“The idea is that you’re leveraging this resource of storage capacity, and people already have ludicrous amounts of excess storage on their laptops, and other places, which is just not being utilized,” he said. “There is so much of that already that it should eventually reach the point where if you were buying new hard drives for the purpose of farming, it would lose you money”.
The fact is that serious Burstcoin(BURST) miners regularly buy petabytesPB of new hard drive space to maximize revenue, and Chia miners would act no differently if Chia catches on.
The one possible difference between Burstcoin (BURST) and Chia is that Cohen is trying to prevent a “re-mining from genesis” attack, where a miner could create an entirely new chain starting at the genesis block. If they had enough hard drive power to do this, perhaps they would fork the blockchain. To avoid this attack Cohen says Chia will also integrate “Proof of Time” (PoT).
First off, Burstcoin (BURST) has never had issues with this sort of attack in its five years of existence. If someone has a tremendous amount of hard drive space and does PoC mining, it would be absolutely senseless to do this sort of attack since their entire mining farm would become worthless.
If the point of the attack was to do a double spend, the coins gained in the double spend would become worthless too. Cohen is trying to prevent an attack that is extremely unlikely since attackers have no incentive to do it.
The details about PoT are vague, with it being a parallel process to mining that takes the same amount of time no matter how much hard drive space is used. This would make Chia less efficient than Burstcoin (BURST) and therefore less competitive. Cohen is offering $100,000 to anyone who can develop PoT, making it clear it does not exist yet. Since PoT would probably make Chia less efficient, and it has not been developed yet, and it solves a non-existent problem, the PoT acronym is appropriate.
Ultimately, Chia is branded as green money for a digital world, when the reality is Burstcoin (BURST) already is green money for a digital world. Burstcoin (BURST) has a strong reputation, has been continuously running for five 5 years, and has an extremely strong community. It seems unlikely Chia will ever become more popular than Burstcoin (BURST), and unlike the title of the Breaker article indicates, Chia certainly has no chance of killing Bitcoin.
comment
submitted by turtlecane to CryptoCurrency [link] [comments]

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