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RE: The Present Scenario of Bitcoin Market in India

in #bitcoin • 8 years ago

.... you seems to know a lot for a person that states never heard about proof of capacity? Think about it - actually what you tell is... not like so... there is a huge community.... And Dev is active

8 years ago in #bitcoin by
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     8 years ago 

    Sorry, I didn't mean to disrespect, I'm just going with what i saw through my quick glance at the site.

    I have several criteria before investing in an altcoin. I look to see if the site is active, the roadmap makes sense to me, there's a dev profile up, if github has active coding and the technology behind it.

    I've personally never heard of Proof of capacity, I'll have to read up more on it before I can have an opinion on it. I have a fear of what I don't understand.

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     8 years ago 

    sure - I follow similar checks as well - I am like you.

    Proof of Capacity - there's a guy that answered some of my questions on steemit. I will post you a link

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     8 years ago 

    sweet thanks!

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       8 years ago 
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       8 years ago 

      Mining screen with UK pool

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       8 years ago 

      I just read the whole post and your conversation with OP. I'm just wondering and correct me if I'm wrong, but I understood that PoC is a blockchain engine that stores previous calculations on a local hard drive. Does that not affect the security of the coin?

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         8 years ago 

        No - the storage disk is not use for any sensible - relevant to security information within the proof of capacity/space

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           8 years ago 

          ok i see... well this is interesting. Is mining it a bit like PoS, where you can create a masternode?

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             8 years ago 

            Burst is live - up and running. Proof of capacity is 2.0 block chain engine .. energy efficient... Is trust live as well?

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             8 years ago 

            It's a fairly young coin. White paper was published in nov 2016