Post
Topic
Board Announcements (Altcoins)
Re: [ANN] - NEW BURST OP - MINE WITH YOUR HDD - ATs, AE, P2P MARKETPLACE, and MORE!
by
noobhelper178
on 07/03/2016, 07:22:40 UTC

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.


The point is that you can hold ETH in your BURST wallet without the need to manage many wallets for all altcoins. I hope more altcoins will get represented in the future in this mode. On NXT there are already 5 major altcoins represented in this mode and people like convenience.

I`ve created an NXT counterpart , hosting NXTEther on the NXT platform. Maybe in the future we can link BURST and NXT together as well, but for now my focus is on the ETH task.

https://nxtforum.org/asset-exchange-general/ltanngt-nxtether/