Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 232.

CapnBDL

hero member

Activity: 1064

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MOBU

Hello All,

I may be way out of place to comment on the UNO/CBX thing being discussed, however, I personally hold my CBX to be of greater value than the UNO I own. No...I don't hold a majority share of either, far from it, but knowing that UNO can be merge-mined, it just doesn't hold up to the standards I have come to believe my CBX has.

Just my two cents and thoughts on such a venture that compares UNO vs. CBX.

'nuff Said,

Cool

IMZ

legendary

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Hey, Elambert.

https://www.reddit.com/r/Bitcoin/comments/3lnipw/cryptsy_increases_withdrawal_fees_to_05_with_zero

But the reason I've popped in is a thing that we've been working on for a while:

‘complementarity’ -- even ‘symbosis' -- between CBX and Uno:

If all parties basically understand the process, two crypto-commodity communities like Uno and CBX could forge a respectful long-term ‘horizontal’ relationship that somewhat weakens the hold that Bitcoin (and Cryptsy!) has over us both.

'Horizontal' in this sense meaning (via Cryptopia or otc trades or where ever) that Uno folk would always be ready and willing to buy CBX with Uno (thus providing buy-support for CBX) and CBX folk would always be ready and willing to buy Uno with CBX (thus providing buy-support for Uno).

And not because it was some contrived agreement, but because these two communities might see how very much in our mutual interests such a dynamic might be.

Is this so? Does it make sense to you guys?

Mark (IndiaMikeZulu), Australia

CapnBDL

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Activity: 1064

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MOBU

Quote from: elambert on September 22, 2015, 09:34:26 AM

Quote from: CapnBDL on September 22, 2015, 09:22:25 AM

HI ALL,

Can someone tell me if there is a minimum amount needed before you start seeing staking rewards? I just have a small amount (so far) but haven't seen my wallet do any staking yet (it is unlocked).

Thanks,

Cool

1 CBX is the minimum amount and it must sit stationary in your wallet for at least 30 days before it becomes eligible to stake. Keep in mind, stake priority is subject to coin age (number of coins * days sitting stationary) so the more CBX you have and/or the longer you hold stationary, the more likely you are to earn stake.

Thanks much.

elambert

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Quote from: CapnBDL on September 22, 2015, 09:22:25 AM

HI ALL,

Can someone tell me if there is a minimum amount needed before you start seeing staking rewards? I just have a small amount (so far) but haven't seen my wallet do any staking yet (it is unlocked).

Thanks,

Cool

1 CBX is the minimum amount and it must sit stationary in your wallet for at least 30 days before it becomes eligible to stake. Keep in mind, stake priority is subject to coin age (number of coins * days sitting stationary) so the more CBX you have and/or the longer you hold stationary, the more likely you are to earn stake.

CapnBDL

hero member

Activity: 1064

Merit: 500

MOBU

HI ALL,

Can someone tell me if there is a minimum amount needed before you start seeing staking rewards? I just have a small amount (so far) but haven't seen my wallet do any staking yet (it is unlocked).

Thanks,

Cool

elambert

legendary

Activity: 1696

Merit: 1008

Quote from: IMZ on September 21, 2015, 05:50:15 PM

Guys, there's an Uno/CBX trading-pair on Cryptopia.

https://www.cryptopia.co.nz

We have been talking about contacting you to discuss it, but . . . with the Cryptsy thing . . . now seems a good time.

[And otc trades? I'd love to see that.]

Mark (IndiaMikeZulu), Australia

Hi Mark! That is an intriguing trade pair, thanks for the heads-up!

What is the Cryptsy thing you mention? Confirms?

IMZ

legendary

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Great start, VonSpass! Details to follow.

VonSpass

legendary

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Quote from: IMZ on September 21, 2015, 05:50:15 PM

Guys, there's an Uno/CBX trading-pair on Cryptopia.

https://www.cryptopia.co.nz

We have been talking about contacting you to discuss it, but . . . with the Cryptsy thing . . . now seems a good time.

[And otc trades? I'd love to see that.]

Mark (IndiaMikeZulu), Australia

Thats great! More exposure for our CBX is a good thing...

IMZ

legendary

Activity: 1498

Merit: 1000

Guys, there's an Uno/CBX trading-pair on Cryptopia.

https://www.cryptopia.co.nz

We have been talking about contacting you to discuss it, but . . . with the Cryptsy thing . . . now seems a good time.

[And otc trades? I'd love to see that.]

Mark (IndiaMikeZulu), Australia

VonSpass

legendary

Activity: 894

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Quote from: Agaguk24 on September 19, 2015, 11:32:55 AM

Nice Coin! I like how Crypto Bullion is programmed so I am taking advantage of today's low prices... Only I have a small question about the Vault, if I want to use many adresses.

i created a new address from my CBX wallet, after having enabled the Bullion manage features option. Now before I send coins to this new address - is there a separate password to decrypt the wallet.dat of this new Vault ID
how does this work - I dont see a new wallet.dat file for this new ID being created - do all these adresses fall under the same wallet.dat and same password to decrypt and then, what about staking - does each ID has its own staking thing going?

All addresses are saved on the same wallet.dat, stake together and are encrypted with the same password. basically the same scenario as having a checking and savings account at the same bank.

One thing i should mention, is that you need to make new wallet.dat backups whenever you create a new address and send funds to it as each address will have its own unique private key. Do not make wallet.dat backups while the Vault software is running...

IMZ

legendary

Activity: 1498

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Got .1 Btc of CBX the other day. Great price. Too low to last.

Mark

Agaguk24

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Activity: 242

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Extended Reality Advertising

Nice Coin! I like how Crypto Bullion is programmed so I am taking advantage of today's low prices... Only I have a small question about the Vault, if I want to use many adresses.

i created a new address from my CBX wallet, after having enabled the Bullion manage features option. Now before I send coins to this new address - is there a separate password to decrypt the wallet.dat of this new Vault ID
how does this work - I dont see a new wallet.dat file for this new ID being created - do all these adresses fall under the same wallet.dat and same password to decrypt and then, what about staking - does each ID has its own staking thing going?

elambert

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Quote from: snatchmonkey on September 17, 2015, 01:50:30 AM

I generally keep my CBX off the exchange so I can stake, but with the 99 confirms they require for CBX deposits I do sometimes keep some handy to trade with. Any idea why we need to have so many confirms and can we do anything about it?

Cryptsy is having a look at this for us. Will let you know, thanks for the heads-up.

VonSpass

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Quote from: snatchmonkey on September 17, 2015, 01:50:30 AM

I generally keep my CBX off the exchange so I can stake, but with the 99 confirms they require for CBX deposits I do sometimes keep some handy to trade with. Any idea why we need to have so many confirms and can we do anything about it?

The Cryptsy hot wallet looks to be a lot smaller than it used to be, a good thing imo as it implies that more people are withdrawing to their vaults. Having said that I'm sure these top 10 wallets look bigger than they used to:

https://coinplorer.com/CGB/Addresses/0/Top

I suspect 2nd place to be Cryptsy also right?

Its whenever I see a Vault with a very big balance ... and just ONE transaction (lol!) ... that makes me think it is the hot wallet.

The fact that the top wallets are slimmer and we see a more democratic spread of CBX money supply is a good thing, a result from the large sales we saw last week-end imo... more people involved more deeply is what CBX needs for its growth.

elambert

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Hi everyone! I have been away with family for a couple of days on holiday but back and refreshed now!

Couple small updates:
- The new Vault is getting a couple small tweaks and will be ready for public release shortly
- PoSP development discussions continue and we are making progress in this area (we will share more details as possible)
- Android mobile Vault is coming along and should be ready for release soon (iOS will be next)
- As BTCat mentioned - CBX promo video is about complete

Community assistance needed:
- We are still getting spammed over on our forum and could use some assistance with maintenance should anyone be interested in helping out as a moderator
- We would like to boost traffic to the CBX forum and build our community there. I think a giveaway would be beneficial in this effort. If anyone wants to assist with this, please let me know.

Hope everyone is doing well!

raizor

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Activity: 171

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Some people just want to watch the world dance.

Quote from: BTCat on September 17, 2015, 05:25:23 AM

Still looking for cool suitable non copyright music for our video. Anyone got suggestions?

Quote from: BTCat on September 04, 2015, 04:23:36 AM

The CBX promo video is nearly finished. But, we are still looking for a great soundtrack. If anyone in the community likes to make a suggestion please do. The difficulty is that it must be free of copyrights. For style personally I would like to hear some athmospheric triphop, not too sleepy but also not too much upbeat, it should not distract from the visual content. Ofcourse other suggestions welcome.

No specific suggestions, but Audio Jungle has some very nice background tunes and they are pretty cheap to purchase.

BTCat

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Still looking for cool suitable non copyright music for our video. Anyone got suggestions?

Quote from: BTCat on September 04, 2015, 04:23:36 AM

The CBX promo video is nearly finished. But, we are still looking for a great soundtrack. If anyone in the community likes to make a suggestion please do. The difficulty is that it must be free of copyrights. For style personally I would like to hear some athmospheric triphop, not too sleepy but also not too much upbeat, it should not distract from the visual content. Ofcourse other suggestions welcome.

snatchmonkey

member

Activity: 111

Merit: 10

I generally keep my CBX off the exchange so I can stake, but with the 99 confirms they require for CBX deposits I do sometimes keep some handy to trade with. Any idea why we need to have so many confirms and can we do anything about it?

The Cryptsy hot wallet looks to be a lot smaller than it used to be, a good thing imo as it implies that more people are withdrawing to their vaults. Having said that I'm sure these top 10 wallets look bigger than they used to:

https://coinplorer.com/CGB/Addresses/0/Top

I suspect 2nd place to be Cryptsy also right?

BTCat

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Quote from: VonSpass on September 15, 2015, 02:01:48 PM

Its not such a big thing, but when you think about it, it amounts to about 1600 CBX of selling pressure yearly. Good thing our inflation is so low, but it would be better to bring this automatic selling down (by withdrawing from the exchange to personal Vaults) or convince them to stop.

Honostly I think it's something to least worry about. 1600 CBX is such a tiny amount that does not have any impact on the market. If CBX can't eat such crumbs then it's not an investors coin. There are enough CBX fans that can easily cover 10 or 20 times as much selling, they will gladly buy them up.

I know the team would like to see the wallet being used more though and if you are technical enough it's great to stake them and earn some extra's.

Personally I don't care if cryptsy stakes coins if I got some there, they have servercosts and in some way are also a partner for CBX. I don't think we have much to complain about being listed there for so long, Cryptsy has been great for us and they helped us grow the community and build recognition since the very first start.

VonSpass

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Quote from: BTCat on September 15, 2015, 01:08:32 PM

I didn't think they would stake them and I remember they said to not stake userfunds in the past.

However I find this quote of BitJohn
"This is nothing new. When did Cryptsy ever state we do not stake coins? Some coins we do, others do not stake well."
https://bitcointalksearch.org/topic/m.9247493

And on Reddit Mullick wrote the opposite:
"Due to community concerns over the topic we decided it best to not actively stake any funds held on our exchange. Our hot wallet occasionally pops out a block here and there when we go over the reserve balance."
https://www.reddit.com/r/reddCoin/comments/2ehgxb/is_cryptsy_staking_my_coins_is_this_why_all_the/

We have proved it and can prove it everyday - they operate with a cold wallet with the biggest balance, and a hot wallet with about 30% of what the customers leave at the exchange: the hot wallet is where the daily withdrawals come from - they do not stake from the hot wallet, and cannot stake because they change the wallet ID and move the whole hot wallet balance at every inflow/outflow of CBX for protection against hacking.

They consistently stake with the cold wallet: this is the one with the largest amount and this one isn't needed for small daily inflows and outflows. When the hot wallet's balance becomes too low, they reload it by substracting from the cold wallet - and that is the only way we can reduce their harmful staking (and automatic selling). Its not such a big thing, but when you think about it, it amounts to about 1600 CBX of selling pressure yearly. Good thing our inflation is so low, but it would be better to bring this automatic selling down (by withdrawing from the exchange to personal Vaults) or convince them to stop.

Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 232. (Read 359514 times)