Author

Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 225. (Read 359514 times)

hero member
Activity: 750
Merit: 503
Hi.
Have you ever thought that the constant annual inflation in this coin scares many investors.
Maybe the developers should think about fixing the exact number of coins in the Crypto Bullion.
For example, each owner will continue to receive a small percentage of income through POS by commission when sending the transaction.  
And by the way, this problem https://bitcointalksearch.org/topic/m.11692604 is still not solved..

Zero inflation is never good in any situation; in an economy as well as in a money supply. We will both agree that high inflation is also very bad!

That being said, I think this coin's 2% interest paid to investors by PoS is quite reasonable and healthy by any standards.

I think that with this conclusion, not all agree.
Take a simple thing is antique jewel released in small editions in the past.
Why increasing its price in time?  The answer is obvious - people know that this is a rare and  precious object..
Many would like to receive this object in the own  collection, but the number of these things greatly limited.
Now take the option with a crypto currency. The more coins into the system, the lower the price.
But most importantly, that any inflation will only scare away fans to invest in such a system.
It is a well known fact, you only need to look at this site http://coinmarketcap.com/currencies/views/filter-non-mineable/ to see this  Cool

Then how do you secure a network with no reward for doing so?
At 2% it would take around 36 years to merely double the supply to 2M.
Everyone using CBX at this moment would probably have passed away before the 4M mark.
2% keeps CBX rare whilst giving the incentive to stake, secure the network and keep transactions running smoothly.

Bitcoin is currently inflating at over 9% annually and I see no lack of interest there.
legendary
Activity: 1414
Merit: 1013
DMD info: https://diamond-info.github.io/
Hi.
Have you ever thought that the constant annual inflation in this coin scares many investors.
Maybe the developers should think about fixing the exact number of coins in the Crypto Bullion.
For example, each owner will continue to receive a small percentage of income through POS by commission when sending the transaction. 
And by the way, this problem https://bitcointalksearch.org/topic/m.11692604 is still not solved..

Zero inflation is never good in any situation; in an economy as well as in a money supply. We will both agree that high inflation is also very bad!

That being said, I think this coin's 2% interest paid to investors by PoS is quite reasonable and healthy by any standards.

I think that with this conclusion, not all agree.
Take a simple thing is antique jewel released in small editions in the past.
Why increasing its price in time?  The answer is obvious - people know that this is a rare and  precious object..
Many would like to receive this object in the own  collection, but the number of these things greatly limited.
Now take the option with a crypto currency. The more coins into the system, the lower the price.
But most importantly, that any inflation will only scare away fans to invest in such a system.
It is a well known fact, you only need to look at this site http://coinmarketcap.com/currencies/views/filter-non-mineable/ to see this  Cool
legendary
Activity: 1696
Merit: 1008
Website is back up.
legendary
Activity: 1696
Merit: 1008
Hi CBX Members,  i had a few questions about specs.

1.  Confirm rewards?
3.  Minimum coin age till mature?
4.  Average reward?

Is this a question regarding current algo or upcoming PoSP?


Also, website is down temporarily for maintenance. Will notify once back up.
full member
Activity: 242
Merit: 100
Extended Reality Advertising
Hi.
Have you ever thought that the constant annual inflation in this coin scares many investors.
Maybe the developers should think about fixing the exact number of coins in the Crypto Bullion.
For example, each owner will continue to receive a small percentage of income through POS by commission when sending the transaction. 
And by the way, this problem https://bitcointalksearch.org/topic/m.11692604 is still not solved..

Zero inflation is never good in any situation; in an economy as well as in a money supply. We will both agree that high inflation is also very bad!

That being said, I think this coin's 2% interest paid to investors by PoS is quite reasonable and healthy by any standards.
full member
Activity: 213
Merit: 100
Hi CBX Members,  i had a few questions about specs.

1.  Confirm rewards?
3.  Minimum coin age till mature?
4.  Average reward?
hero member
Activity: 1064
Merit: 500
MOBU
FYI;
PLEASE, don't forget to let those of us still trying to mine the last bit of PoW CBX available, as to when pure PoSP kicks in. Also, it might be a good idea to let the pools know, as well. We don't want any confusion concerning shares popping up and becoming an issue.

Thank You,

CapnBDL
      Cool
legendary
Activity: 1680
Merit: 1010
Professional Native Greek Translator (2000+ done)
I cant wait to see the new features on this one Cheesy nice work dev
member
Activity: 122
Merit: 10
Bitcoin Investor & Programmer
Looks interesting, I have BM'ed this for later! =]
legendary
Activity: 1696
Merit: 1008
Quote
Have you ever thought that the constant annual inflation in this coin scares many investors.

In Crypto Bullion's current hybrid algo implementation 1.5% of the inflationary rate is actually interest payments going directly to investors (should not scare them). Only .5% of the inflation is resultant from new CBX created via the PoW mining process (chosen for CBX distribution) - which is winding down after over 2 years. Essentially the 2% is not quite as you are understanding it.

Please note, our soon to be released PoSP implementation will remove PoW mining and allot the full 2% inflationary rate as interest payments to investors.

Quote
And by the way, this problem https://bitcointalksearch.org/topic/m.11692604 is still not solved..

Thank you for staying on this. Please know we have noted this and have yet to determine the appropriate resolution - focus has been on PoSP development. Just for a little insight, this occurrence did not exist when we were using BerkeleyDB, but Vault startup time was extremely slow. With current LevelDB, startup time is greatly improved but we have this occurrence.
legendary
Activity: 1414
Merit: 1013
DMD info: https://diamond-info.github.io/
Hi.
Have you ever thought that the constant annual inflation in this coin scares many investors.
Maybe the developers should think about fixing the exact number of coins in the Crypto Bullion.
For example, each owner will continue to receive a small percentage of income through POS by commission when sending the transaction. 
And by the way, this problem https://bitcointalksearch.org/topic/m.11692604 is still not solved..
IMZ
legendary
Activity: 1498
Merit: 1000
Steady hands in recent days. Very encouraging. [Banx? Don't know it. Yobits? Don't know it -- but a Chinese exchange would be a fine thing. Cryptopia is a good exchange.]

Mark
hero member
Activity: 1064
Merit: 500
MOBU
Quote
What kind of return will I be looking at with just 73.xx CBX?

CapnBDL - return is dependent on network participation; the less people staking, the more likely you are to earn a PoSP block = the more CBX you will earn.

After PoSP launches, your Vault will need to be open online and unlocked for staking. Your CBX will have to sit in your Vault for at least 1 hour untouched at which point they become eligible for earning PoSP stake occurring at a target rate interval of one block per minute. The larger your Vault balance, the more likely you are to earn the PoSP block that occurs at that minute. Once you earn a PoSP block, your staked CBX will have to wait the 1 hour minimum time limit once again before being eligible to qualify for the subsequent PoSP blocks.

Our white paper will be released with the new Vault v2.0 that will explain in better detail, but this is essentially the best we can do to answer your question without knowing network participation at any given time.

Well done! I think that answers my question and, most likely, others question(s) as well. Your eloquence and direct, to the point response is greatly appreciated.

Thanks,

CapnBDL
      Cool
legendary
Activity: 1696
Merit: 1008
Quote
What kind of return will I be looking at with just 73.xx CBX?

CapnBDL - return is dependent on network participation; the less people staking, the more likely you are to earn a PoSP block = the more CBX you will earn.

After PoSP launches, your Vault will need to be open online and unlocked for staking. Your CBX will have to sit in your Vault for at least 1 hour untouched at which point they become eligible for earning PoSP stake occurring at a target rate interval of one block per minute. The larger your Vault balance, the more likely you are to earn the PoSP block that occurs at that minute. Once you earn a PoSP block, your staked CBX will have to wait the 1 hour minimum time limit once again before being eligible to qualify for the subsequent PoSP blocks.

Our white paper will be released with the new Vault v2.0 that will explain in better detail, but this is essentially the best we can do to answer your question without knowing network participation at any given time.
hero member
Activity: 1064
Merit: 500
MOBU
Looks like the majority has spoken regarding transaction fees. I am pleased to announce that transaction fees will no longer be destroyed and instead will be included in PoS blocks upon release of Vault v2.0 with PoSP!

Great choice  Grin

Thank you everyone for your votes and participation; I think this is a very good choice because it will make the ownership and staking of CBX even more interesting. Has everyone purchased all Crypto Bullion they want, in order to get the desired amount of staking reward? PoSP is coming to a Vault near you ...

I don't have near enough CBX and it's been slow for me in the exchanges (don't have enough BTC either). What kind of return will I be looking at with just 73.xx CBX? Still attempting to acquire more. I was hoping to get over the 100 mark but don't think I'll make it before POW is over.

FYI; As for the different exchanges, I happen to like Cryptopia.

Good Luck with the new wallet to be released, although I will be disappointed that mining CBX will be over.


CapnBDL
      Cool
legendary
Activity: 1696
Merit: 1008
Got my P2P promo cards in!



Anyone in the US who wants to assist with distribution, please let me know and I can send you some.



Looks like Banx.io is leading the exchange poll. I am adding buy orders there working on closing the gap to the sells. Nice exchange.


Shaping up to be a very exciting closeout to the year for CBX
 Grin
full member
Activity: 152
Merit: 112
I can never seem to load my wallet anymore so I can stake. I just indefinitely sits in the state of "loading blockchain index".... This is after I just deleted everything except wallet.dat and re-synced the chain...

Any ideas? I'm using 1.3

Did you try the bootstrapped blockchain download option from the site?

Here is a guide one of our community members put together. http://forum.cryptobullion.io/index.php?topic=1455.0

Please let me know how you make out...

OK, seems that may have done the trick. Another problem I've noticed is that if I minimize to the tray.... I can't seem to ever get the main wallet window back even if I do Show/Hide...

Have not experienced that before... What OS? Will have a look.

I'm running in on a VM and Windows 7 x64...

Please try suggestions here: http://superuser.com/questions/377279/windows-7-cant-reopen-minimised-window-on-taskbar-preview-
legendary
Activity: 3556
Merit: 1126
I can never seem to load my wallet anymore so I can stake. I just indefinitely sits in the state of "loading blockchain index".... This is after I just deleted everything except wallet.dat and re-synced the chain...

Any ideas? I'm using 1.3

Did you try the bootstrapped blockchain download option from the site?

Here is a guide one of our community members put together. http://forum.cryptobullion.io/index.php?topic=1455.0

Please let me know how you make out...

OK, seems that may have done the trick. Another problem I've noticed is that if I minimize to the tray.... I can't seem to ever get the main wallet window back even if I do Show/Hide...

Have not experienced that before... What OS? Will have a look.

I'm running in on a VM and Windows 7 x64...
full member
Activity: 152
Merit: 112
I can never seem to load my wallet anymore so I can stake. I just indefinitely sits in the state of "loading blockchain index".... This is after I just deleted everything except wallet.dat and re-synced the chain...

Any ideas? I'm using 1.3

Did you try the bootstrapped blockchain download option from the site?

Here is a guide one of our community members put together. http://forum.cryptobullion.io/index.php?topic=1455.0

Please let me know how you make out...

OK, seems that may have done the trick. Another problem I've noticed is that if I minimize to the tray.... I can't seem to ever get the main wallet window back even if I do Show/Hide...

Have not experienced that before... What OS? Will have a look.
legendary
Activity: 3556
Merit: 1126
I can never seem to load my wallet anymore so I can stake. I just indefinitely sits in the state of "loading blockchain index".... This is after I just deleted everything except wallet.dat and re-synced the chain...

Any ideas? I'm using 1.3

Did you try the bootstrapped blockchain download option from the site?

Here is a guide one of our community members put together. http://forum.cryptobullion.io/index.php?topic=1455.0

Please let me know how you make out...

OK, seems that may have done the trick. Another problem I've noticed is that if I minimize to the tray.... I can't seem to ever get the main wallet window back even if I do Show/Hide...
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