Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 233. (Read 359514 times)

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/

Good afternoon, friends and community - just a small thought today:

Although they have said otherwise in the past, exchanges like Cryptsy do not leave money on the table by not staking: they do stake with all the balances of CBX left by their clients in their system! We can prove this. Its bad enough that people aren't gaining the extra CBX they are entitled to receive if they themselves staked, also these exchanges insta-sell all the proceeds from their staking for BTC, thus creating a small daily downward pressure on our currency.

Bottom line: the exchanges are supposed to make money with the transaction fees, and we are perfectly ok with that; but we do not need the additional downward pressure from their staking. I suggest we do not leave CBX at the exchanges unless wanting to make a transaction; it does not help you, it does not help us.

OK Bullionaires, I confirm the dump was real, and at the other end there were real buyers who are part of our community that benefited from acquiring some CBX at historically very low prices. I am happy things turned out this way, good game for the buyers who could use this opportunity to increase their stake in our currency.

We had noticed this huge chunk sitting on the sideline a few times, so it is good to see that this 28k is now held in friendly hands; as I said before now we can move forward.

shot you a pm vonspass, i had a couple of orders filled from that dump.

Totally agree with you BTCat! We will welcome soon new blood to the CBX equation, I am working hard at this.

Wow what a day at Cryptsy... Someone dumped like 28000CBX before I had a chance to buy any of it; thats 3% of the whole money supply!

Can the people who bought this CBX confirm with me they got some of that dump with a quick PM please, and at what time the transaction occured to confirm this was a real transaction. With this seller out of the way, looks like CBX can move forward now.

Nice chance to pick up some coins guys.

CBX has gone through the process of attracting a new dev a couple times. It could mean that someone has done his job and had a chance to bring in some of his ideas.
And when he decides to move on or when it's his fate calling, there is a chance for a new approach again even while maintaining the goals set. I think soon enough CBX will attract other talent to move this project forward.

Raizor has provided the new Vault and we are undergoing internal testing now.

Also, seems that Cryptsy has implemented a clever new money making idea which allows coins to advertise better.

https://www.cryptsy.com/coinsponsors

I have made a small donation to get CBX in the top 4 so we appear as a sponsor. This operates based on 4 coins showing as sponsors based according to which one has donated the most BTC for this service.

Quick status update before the weekend:

raizor should have the interim client ready for us soon - again this will feature in-Vault IRC, translation sets and the naming of the 1/100th denomination as..... BULLS

We have been in contact with a handful of devs and are making progress with finding the right one to carry out PoSP implementation.

Good stuff up ahead guys, enjoy your weekend!

Thank you all for the kinds words. I'll still be around, just walking a different path for a while

I'll still be in contact with Elambert etc, as we're friends. Change is never easy, but it's often for the better, even if it doesn't look that way at first glance. I will do what I can to help out in future with CBX, so nothing sad, just different. All the very best to all of you

raizor

Looks like the storm has passed, I suggest a 50/50 approach now where people grab the cheap CBX from the Sell Orders, while maintaining low ball buy offers to catch and benefit from any large dumps; be patient.

Happy to see you figured it out, good stuff!    All the best 

Yes i saw some nice buying orders filled: 1167 CBX@30100 and 1500@25000.

Maybe it will come even lower than this, but i'm happy with doubling my stack right now and didn't want to risk missing that opportunity

Well as elambert warned, with the changing of the guards comes market turmoil at Cryptsy. This opportunity won't last forever: one way to play this smartly is to place big bargain priced buying offers, and patiently wait: in the past couple of days with the huge amounts of CBX being sold, many of these low offers have been filled. I still believe what we are doing will make CBX worth a lot more in the future, so I placed a few massive low buy offers myself  .

CBX hasn't changed since 1 week ago, same investor-friendly fundamentals which we are committed to keep; it just seems some large holders suddenly want out a little too fast. It really is a terrible timing for the seller(s) but, oh well, it's their decisiom and we will have more inexpensive CBX for us.

Always a pity to see a good coiner withdraw.

Mark

Best Wishes in your future plans. I'm new to this thread but know from my readings that you will be sorely missed. God speed to you.

Thank You

 

@raizor

Thanks for everything you offer to this community...wish you the best...

Thank you BTCat

I've written a little post. I'll add it below. All the best.

---

Hello all,

I thought I should write a few words to compliment Elambert's post and explain why I've made the decision to move on from Crypto Bullion at this time.

As some of you may be aware, I initially became involved in Cryptocurrency development as I saw Crypto (or specifically, decentralized blockchain technology) as a system with real potential for making the world a fairer and happier place; where people could enjoy both financial freedom and cryptographic security (without third-party meddling and manipulation). Something like this has always been a dream of mine, and when I finally caught a glimpse of Satoshi's Bitcoin Whitepaper (quite late in the game), I was hooked! I'd been following CBX (or CGB as it was then) for some time, and I saw a lot of promise in it. The team seemed very friendly, so I got in touch with Elambert and became involved. That was about 14 months ago now, and I had an agreement with my wife when starting out on this Crypto venture that we'd re-evaluate the situation in a year, and make any changes I/we thought necessary. During my time with CBX, I've burnt more than I've earnt (I'm terrible with money!) which has brought about this sudden news. In order to try and make ends meet I've been involved in some other projects alongside CBX, and I now need to make some changes in order to move forward in a less chaotic fashion. I've not been able to dedicate the time to CBX that it deserves of late, and that goes hand in hand with something of a recent life philosophy change for me, which I will now be applying to my work moving forward. I'm sorry for the suddenness of all this and I've tried to manage the situation as best I can, minimizing any damage or harm wherever I can.

I've had some great fun working on CBX and interacting with you guys, the CBX community and of course, the CBX Team which is growing all the time. I think PoSP and the Asset Backing will be great when they arrive, I'm just unfortunately not going to be the one to deliver them now.  Elambert, VonSpass, BTCat, Jimmy and Co. have some really great ideas in the pipeline and I really hope to see the grand CBX vision fully realized in due time

Thank you all for the love and warmth I've received here, and I wish each and every one of you the very best for the future!

I am looking to sell some of my CBX (I have ~40K, of which 13K or so is currently tied up in the CBX Casino gamebank) in order to repay the CBX development fund advance of 5BTC. If anyone would like to make me an offer, please send me a PM, thank you. The bulk of my savings are currently in CBX, and I have refrained from selling any of my CBX up to now, but in the spirit of honesty, I should make it known that I will likely need to sell off some of it gradually to raise some funds for the future. I will try to do this off-market wherever possible.

As Elambert mentioned, the next wallet release (with many new translation sets and IRC chat) will be delivered before I move on. I hope to bump into some of you again in future, and look forward to catching again.

Best wishes to you all,

Joe (raizor)

Link to lead developer opening posting:
https://bitcointalksearch.org/topic/10-btc-job-talented-dev-needed-for-implementation-of-new-proof-of-stake-algo-1174146

Didn't see that one coming. Thanks Raizor for your efforts and goodluck with things.

Dear CBX community,
It is with great sadness that I must report that due to personal circumstances, raizor will be leaving the CBX project and will no longer be able to help us to complete the PoSP work. Raizor has done a phenomenal job for CBX and we have been very fortunate to have him along for the ride. Please keep in mind raizor is and always has been a volunteer and has contributed his blood, sweat and tears to the CBX project so his departure comes with a heavy heart for him as well. We of course wish raizor the best in his personal circumstances and his future endeavors and we will always value his tremendous contributions. Raizor will still be delivering the interim CBX client with IRC and the translation sets shortly, as well as returning the 5 BTC down payment from the PoSP project.

This all being said, we are now all presented with an opportunity in this project to bring in some new development talent. We still have about 10 BTC in the foundation fund for development and the PoSP white paper draft. Should any members of the community have interest in or know of some with interest in getting involved in the project at the development level, please communicate with us.

Those who have been involved with CBX during its 2 years of existence will know that this setback is by no means the end of the road! The development of CBX continues, with the same goals we previously announced, true to the long term philosophy we always had; however this setback will, naturally, cause delays in the development of these projects - therefore a new timeline schedule will be made public, as soon as we have found a suitable replacement for raizor.

For the time being CBX continues to function flawlessly, as it always has. This setback may cause some turbulence in the exchange markets, but please rest assured that the CBX team is committed to bring back its value to a meaningful place among cryptocurrencies...

The core development team feels very strongly that we owe it to the community to bring this information to light in real time as it develops.

Sincerely,
Chris 'elambert'