Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 198. (Read 359514 times)

Hi, you can use the coincontrol feature to manually select all of the inputs in the addresses in your vault, to then combine them by sending in one transaction to yourself and creating a single input of 143 CBX for future PoSP staking. It also will not split as its below the 500 coin threshold for an input mentioned above, and if wallet always running you will see some regular PosP stakes from it

From my experience with PoSP so far, smaller inputs will take longer to stake, but it will happen. If you acquire more CBX from faucet or exchange in future, remember to combine them, as the individual inputs will likely be too small on their own (o.005CBX etc) to be able to stake

Hope that helps

Sorry, I didn't understand. I'm staking with just 143 CBX, and I'm staking very infrequently and irregularly. I don't know how much is "needed" but that's way under 500 CBX. I would like to increase my staking frequency by adding every "dust" to the main pile until it's enough (as suggested before in this thread). How does Vault know it's "needed"? If it never stakes (so aggregating would in fact be needed), it will never have the chance to do it.
So either it aggregates small inputs or it doesn't. What's the criteria?

A few really exciting projects developing here simultaneously and interestingly the primary barrier to success for each is getting the community and others to understand them.

PoSP is live and working but many still do not understand why it is a game changer...

PoV has some test examples already logged in the blockchain but many still have questions of how it adds value...

P2P trading has logged its first official trade but many still don't understand the purpose and goal...


3 blockbuster ideas and projects in my opinion, we just have to keep developing on the ideas and educating the community even if its one individual at a time.

If anyone has questions on these concepts, please ask.

Learn and then make it a daily goal to try to educate someone else.

Suggestions of ways to better explain these projects are of course welcomed.

I for one would love to see a series of short informative videos that can summarize these concepts clearly and concisely in a very easy to understand manner.

I did not intend to put a dampener on any Bitcoin, CryptoBullion or P2P trading for precious metals (in my previous post).

I'm obviously all for that. 

Hi,
It won't add 1.6 cbx if it is not needed....
I mean why would he use more coin if it already has got enough coin to discover the stake block ?
In fact you want that your wallet use too much coin for a stake... ?
That's not useful because the reward is based on money supply and not coins staked.
That's a bit weird to want that lol

A Western-Australian mob called 'Perth Bullion' sells Perth-Mint products at a penny under the mark. Our preferred product -- 'beginner-guy silver' -- is the Mint-stamped 10-oz bar of silver. It costs a penny over the day's-price-per-ounce, and is delivered, insured, for under $10; and if you're in Oz, IndiaMikeZulu will bust its hump to do crypto-bullion P2P.

Mark

The prices seem to be fairly reasonable. It really depends upon what you are looking to buy.

Stacks (25) of 1oz Silver Britannia's are a good option perhaps. Generally you want to try and avoid paying much over the spot price per. Silver 1oz.

TBH even a UK based website like BullionByPost is quite reasonable, if you can buy a good few stacks in one order to get the discounts.

1oz Silver Britannia's have a 2 pound face value as a UK legal tender coin, are fine silver at .999 purity, are Capital Gains Tax Free and insured delivery is always a bonus.

If you are able to buy-in around double the quantity that you intend to store long-term, it is usually possible to split up one of the stacks in say around 2-3 years and then sell the individual coins for a very good mark-up. International collectors are often keen to complete sets of individual yearly coin issues, especially on bidding websites. Even with the reduction in the spot price it is possible to double up on the purchase price on an individual coin, if you brought some in bulk. Nothing is ever for certain though.

Tenth Ounce Gold Britannia's are also good to buy in stacks. However, buying bullion bars close to the spot price can be cost saving for smaller orders. It really depends.

Trying to find better deals using Bitcoin accepting sellers and/or buying bullion from outside of the UK is generally not that beneficial really, unless you are looking for rare or unique items etc.,

- Why Silver And NOT Gold - https://www.youtube.com/watch?v=jBVgQBuDt4E   

If getting PMs is difficult, there may be another option.

Depending on the amount could be a nice option in a P2P trade. I've traded PMs for $UNO and BTC with some people. I believe that one of them was IMZ...excellent for all parties involved.

I'm gonna have to get myself some physical bullion.

Was looking at http://www.bullionrock.com/ located in Guernsey. Tax free to UK mainland so they say.

Any other suggestions BitcoinFX? knowing you are from the UK also.

Thank you @Killiz

In regards to my previous post, we might also look at the example of digix - https://dgx.io/ on the Ethereum platform - apparently being a company that is offering blockchain based assets (paper gold contracts) in exchange for your Ethereum. "the first Smart Asset company built on Ethereum"

So, in contrast to a PoV Network, this would in fact appear to be a centralized store-of-value (of physical gold) representative on a blockchain technology, although apparently your gold (decentralized asset cards / tokens) are 'fully redeemable' !?!

- https://wikipedia.org/wiki/Digital_gold_currency ... !?!

As with crypto-currency, the best and only way to truly own anything is to actually hold it yourself.

If anyone wants to exchange crypto-currency 'value' for physical bullion then that's all well and good. However, not having to trust a 3rd party with your 'money' is exactly one thing that Bitcoin (mostly) solved!

With a truly decentralized Proof-of-Value network, there is no 3rd party, counter party or company to trust whatsoever, you (as an individual or company) have only to present existing value to an already fully peer-to-peer based network, adding value and price stability for everyone.

  

Will get it quoted over on reddit for you BitcoinFX.

@elambert recently forwarded a reddit post to me regarding the CBX PoV (Proof-of-Value) concept.

- https://www.reddit.com/r/CryptoBullionX/comments/42qtqh/i_dont_get_it_please_explain/

Perhaps someone would be kind enough to post a response, as I don't currently use reddit.


- Sending any quantity of CBX from a 'backed' physical bullion wallet address, beyond the self-signed allocation, effectively breaks the contract that you made with yourself. PoV CBX addresses would be automatically and consistently checked via the blockchain (explorer) for validity in this regard. Technically the physical bullion is backing the CBX and not vice versa. If you might envisage spending half of your CBX in the near future, then you would perhaps choose to back with just half the quantity of CBX, for example. You are of course free to send and receive CBX to/from a 'backed' address above the presented 'backed' quantity and/or to spend any PoSP interest.

- Nothing in regards to the physical bullion itself "signs" it or ties it directly to the amount of CBX, except for the self-signed contract that you are creating with yourself and then presenting to the network, in terms to Proof-of-Value and ownership, of course also being directly linked to the weight and type of the physical bullion represented.

- The CBX signing message and verification system effectively facilitates an 'open' standard for a Proof-of-Value network including a blockchain based technology. Anyone is able to verify that the message is valid. Such a system is also useful for trading if each party wants to confirm ownership.
- https://www.reddit.com/r/Bitcoin/comments/18qy88/bitcoin_message_signing_and_verification/

It is also useful in terms of providing literal Proof-of-Value, i.e. perhaps in terms of issuing assets, as with coinprism - https://www.coinprism.com/ for Bitcoin and colored 'coins'.


Moreover, the collective 'value' of the physical bullion 'backing' x amount of CBX (against the total supply) would primarily allow for a combined 'live' comparison widget, not dissimilar to this example for Bitcoin;

- BTC to gold - http://preev.com/btc/xau
- BTC to silver - http://preev.com/btc/xag
- BTC to platinum - http://preev.com/btc/xpt
- BTC to palladium - http://preev.com/btc/xpd

Of course, the essence of our PoV Network creation being to find price equilibrium for CBX/Real-Bullion - untied from the current market value of BTC on crypto exchanges.

A Proof-of-Value Network, using blockchain technology for verification can truly remain open, decentralized and P2P, whilst enabling true independent price discovery. PoSP also helps to facilitate this model very well indeed.

I have described this kind of Proof-of-Value Network as a 'Paradox-of-Value', as in modern times we have all become far to familiar with using currency as a 'debt' based system. Blockchain technology gives us all the ability to not only store and send value in or on a blockchain, but also to add and to represent value (and ownership) on a blockchain.

As @lab rat hoax described "Collateralized asset certification (as opposed to collateralized Debt obligation)".
- https://bitcointalksearch.org/topic/m.11903796

I was wondering if the wallet could be protected with a password for sending coins. Just like Electrum does.
Another level of security against malware.

Actually, Killiz, as we are community newcomers, we will follow your lead.

Ha ok IMZ, but I wouldn't rate you as a newcomer to the community! Will put something together at the weekend, when I have more time at hand.

Get a thread started in the Marketplace also

I started Vault with that switch some hours ago. I just got a stake but the small amount which didn't stake (1.6 CBX) is still separate.

Maybe new selection system is  bit too restrictive with dust.
You can try to launch wallet with old selection system:
CryptoBullion-Qt.exe -hardstake

It maybe will stake better but use more ressources

Actually, Killiz, as we are community newcomers, we will follow your lead.

And my activation problem? Fascist Martians had hacked my Gmail account, and have been erasing the activation emails -- no wait! That's not true. I'm just a ninny, and didn't know to look in my Spam folder.

Mark

Confirmed. It doesn't aggregate.

I believe this isn't happening on my side. I had 6 CBX "on the side" and they never got aggregated to the main chunk. I'll make a test targeting this feature and will let you know.