"First, the economics of scale for storage is very unfavorable, large buyers have huge advantages and others have diferent levels of availability."
Does not what you are saying hold true for any crypto currency? As regards Burst: Anyone who owns a computer or a smart phone can already start mining, so no upfront investment is needed. Obviously, those who buy more HDDs can earn more, but so do those who buy extra GPUs, ASICs or CPUs for mining other coins.
"They advertise on their web site how they have tons of nodes setup and how this leads to decentralization. The deal is, this is a tiny project with ~1000 BTC market cap; pure speculation and people making some money with their HDDs sitting around."
Those are strong claims you are expressing. Please provide some sources as to why you believe the entire Burst project is based on pure speculation? Yes, Burst has had some hiccups since inception over two years ago, but from January 2016 the market cap has been steadily rising due to a number of factors, two of them being continuous development and availability.
"There is really no long term future in this asset and although they may have ~1.5 PB of disks on their network, they don't do anything."
At least get your facts straight, according to http://burstcoin.biz/stats the estimated network size is 14.5 PB, more than ten times as much as you stated. Also, please explain to me what 'good' the ASICs, GPUs and CPUs are doing while they are mining?
"What a waste, irregardless of how everyone's mining efforts could be crushed once a big player decided to throw their drives around."
Well, if a single entity is to come up with more than 14.5 PB, either to attempt a network attack or just to make profits, it would take ages to plot the drives and it would be extremely expensive to pull it off. The network is growing in size every day, so I don't regard that as an imminent danger any more than what other crypto currencies face in a similar scenario.
For a seemingly informed and rational bloke, you come off as being the strict opposite and incredibly biased towards the other coins and tech that you mention. You don't have any particular substance behind your claims and allegations either, and I also suspect you don't know much about Burst. Yes, I am biased because I am involved with Burst, but at least I don't take cheap shots and lash out at other competitors like that.
"It is just a SHA256 hash anyways no extra security"
Burst uses Shabal256.
"Everyting about this project screams scam."
Everything about you screams scam.
I think you would be pleasantly surprised if you took the time to get to know the Burst community, and to see what we have to offer now and in the future.
https://forums.burst-team.us/
https://www.burstnation.com/
Stay informed,
-Prop
RE: BURST my bubble : an opinion on the dangerous influx of altcoin posts