Quote from: noobhelper178 on March 06, 2016, 05:39:07 PM

Quote from: FrilledShark on March 06, 2016, 09:13:22 AM

Two things or three things. First, your category of assets is wrong. You are selling a crypto token you don't own. You are selling 77 516 000 ETH, correct me if I'm wrong, are that all ETH to ever be created?

No, all the assets sold will be backed by real Ethereum that I will buy on Poloniex (via API later on that i`m working on right now) . And the unsold ones doesnt matter, I just created the same amount of asset as there are ethereum available to match the supply to it's supply. Therefore the price is matched as well, currently 92k burst for 1 ETH, and I will adjust it every day, and execute the trades daily to fund the cold storage ETH wallet.

Quote from: FrilledShark on March 06, 2016, 09:13:22 AM

I know you might have good intentions with this, no actually I don't! Your asset's account is funded by a faucet, and the asset is funded by a exchange (aka Bittrex), you have no personal address. This makes me wonder, do you even care about burst? Your person information is not the strongest, you can take that one with Crowetic and Haitch. They are a trusted and a big part of the community, they are the ones investing in projects. If I see any red light, I'm out.

I`m working right now on setting up a website for it and an automatic gateway, but I dont appreciate your unfounded cynicism, if there is no demand for my services here, no problem I will host in on NXT.

But please be patient, all things are being worked on right now, and my schedule is full so I can only reply 1-2 times/day currently. Thank you for your understanding!

Maybe I'm missing the point of this asset - but what is the point? The successful assets pay out a dividend based on some sort of revenue stream. Yours, it seems, pays no dividend, but is based on the expected rise of Eth in the exchange. Why should I buy your asset that has a 2% commission charge for converting to Eth, when I can just go to Poloniex, sell my Burst and buy Eth with a 0.2% commission ? How does buying your asset to gamble on Eth value make more sense than just buying Eth ?

(Having just lost 3.5M Burst to what looks like it was a scam asset has made me a little more cynical than I used to be)

H.