Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 252. (Read 359514 times)

We will actively solicitate investor help when we reach a certain point, and we are not there yet: before that time certain things have to be put in place.

Finite By Design would like to assist however we can in this fundraising event and if no one has any objections, we would like to donate up to 5 1-troy ounce of .999 fine silver, unloaded  'Cryptogenic Bullion' bars (retail at $75 each plus shipping and handling) to be used as gifts for every BTC donated. (For those new to CBX, Cryptogenic Bullion (CGB) was the name prior to rebranding.)

A small batch of 50 of these proof struck bullion bars was created with only an inventory of 16 left in stock. They are rare like CBX itself and can be loaded with CBX by the owner/collector (10 CGB/CBX face value).

Basically will work like this:
1) Donate 1BTC to the CBX development fund
2) Have the CBX team confirm receipt, validate that it was from you and give f*D the green-light
3) Provide f*D with your shipping address
4) We will ship a CBX bullion bar to you!

Your point is well understood Kyle1836, thank you. The current dilemma with mining (sha, scrypt, whatever algo) is that what is best for the coin (high hashrate) is NOT what is best for your everyday solo-miner. The solo-miner however is the key to decentralization and the high hashrate is provided by mining farms that become more and more centralized daily.

Our distribution strategy is to favor the solo-miner and the concept of decentralization but if necessary for security, we could cater secondarily to mining farms. As was outlined, this would have meant to allow 25% of newly minted coins to be generated by the mining farm entities while the major remaining share of 75% being allotted for those who simply owned some CBX and kept their vault running to help further secure the network.

After some intense deep-dive discussions, the conclusion was reached that our proposed PoS innovation and implementation run without any PoW would be the best solution by providing the desired vault-like maximal network security, while removing the small fraction that would have catered to the mining farms and their journey to centralization. Hence the move to abandon PoW completely in lieu of Proof-of-Stake-Participation (a brand new security/distribution model created specifically for CBX). Lets give the full 100% reward for protecting the network to the solo-miner types who can mint coins simply by owning one, downloading the CBX vault and connecting via the internet - no mining equipment arms-race, no extreme waste of resources.

Of course until the point of implementation, scrypt mining will continue so feel free to take advantage of this opportunity Kyle1836. We are doing our best to keep you and the rest of the decentralized population in mind as we progress into the future.

Thank you for your involvement.

Thank you for the warm welcome;

I think it is still true in 2015 that Crypto-Currencies are the uncharted lands of the present, and some will represent life changing potential gains for those who commit themselves and accept to put in a bit of effort or invest a little money; CBX was created with a strong and sound ideological foundation and today aspires to become a major currency that even people from outside the crypto-currency economy one day will want to own.

The current CBX team is (has always been) very dedicated to bringing you the best possible software and network integrity to lay the foundation of a solid coin.  My job, as Marketing Strategy Director will now allow CBX to pursue a new, until now unapproached, dimension: all aspects that will make CBX seen and accepted more, first in the Crypto-Currency community and second, in the regular economy (where widespread awareness will be pursued, in good time).


There are many reasons to like CBX, our Crypto Bullion; but soon the inital community we form today will like it even more. To be fair to everyone, I hereby disclose to the universe that I am in the process of acquiring a significant amount of CBX, at today's basement bargain prices (thank you so much, to all dear sellers, for this unique opportunity!) - so you can be assured this stake will keep me committed and highly motivated to the success of CBX.

Today's opportunity: 200$ investment today buys you almost 5 000 CBX, which is 1/2% of all current monetary mass of CBX, again thank you all sellers.

Also, I have contributed my 1 BTC to our cause towards the development fund - sometimes you have to spend a little to earn a lot (tx d278930b30a25437ff3993e82ef8c395615667839f3bb8d5b601eace13cbd31d ). I believe this 1 BTC I am donating to this fund will come back to me multiplied many times fold. I encourage all CBX family members and believers to do the same.

I will announce shortly many new available marketing positions. There is much work to do.

No worries, the only new CBX coins will be Staking rewards. Scrypt PoW was a necessary evil to fairly distribute CBX early on, but it is seen today as a costly waste of energy and costly arms race to buy mining equipment.

No SHA256 and no more Scrypt as per latest announcement: network security will rely on those who stake, and payout will be proportional to the amount of CBX present in staking wallets.

Guess I can't mine it as it's going to SHA-256. Soon to be raped by mining warehouses looking to mine currencies other than Bitcoin to get their profit up. Most SHA-256 coins don't last in profitability long, but good luck!

I know that some had reported problems experienced with withdrawing larger amounts of CBX from Cryptsy. Just wanted to report I successfully withdrew a sizable chunk. Took about 12 hours which is certainly not ideal, but it worked.

Yes, we are reliant on donations for project funding. These would most likely come from owners of CBX that have a vested interest although we hope as well that others will take advantage of this opportunity of a low price point for CBX and invest in some for themselves and also invest in the development effort to result in a net gain as we grow. The incentive to new investors for contributing would come on the back end of their associated CBX purchases.

Over 1 million blocks of CBX have now been generated. Thats quite a milestone.

Very interesting changes ahead, my question is, the funds required to make this changes would come solely from donations? or there are some plan to incentivize new investors to contribute?

Its nice to see such a civilized community with gentlemanly leadership, as we can see in CBX. Thank you for the warm greeting: I am old, but not that old: just older than you ;-)

I pop back in this thread from time to time; last time I quit intervening as I had to let you try what you felt you had to try, with the disappointing results we see today (price is everything - CB price will guide how useful our coin will ever be). I am always watching CBX, have kept my position and added some to it; and now it seems I have your attention. I still see a great opportunity for CBX, but we are going to have to: (1) bend some old rules, (2) review your 3 stage plan with an open mind; and (3) add a bit of marketing elbow grease to the equation. I think some elements of your 3 stage plan can help, but overall I do not like it.

Good job for the web site guys; it is really nice and we can certainly work with this; this was useful.

I come from two areas where my experience can be applied to a quality Crypto such as our CBX - marketing and financial markets.

Yes, I will keep bringing up the fact that the low income rate of CBX is not helping its cause: it is based on the false economic assumption that maintaining an ultra low inflation and  austerity will translate into rarity and value - PoS could be doubled - without notable effect on price while bringing back miners on board. I warned you about low PoW interest of miners and its effect, now it seems we have to spend 10 BTC to fix this, and this was avoidable (still is). I like the low inflation and small monetary base of CBX, this makes it an easy to fix situation right now - I like low inflation, just not that low.

I really liked the 1 minute blocks of CBX; I feel the 10 minute time of BTC is a problem when sending coin - it just takes forever and I see this as a problem with BTC. As for the blockchain getting too big, sorry but why is this a problem all of a sudden? Now merge mining and moving towards SHA256 makes me feel we are surrendering. I like my CB to remain independant, people will want to merge with CB, not the other way around.

This is all I can say publicly; let's work together if you will let me in (and listen to my points).

f*D will donate 1BTC to stage 1  

I sent a request for consideration to shapeshift.io and received the below response today. I encourage others from the community to do the same.


   

Also, we are a little less than a month out from CBX turning 2. Any ideas or suggestions from the community on how to celebrate this event are encouraged.

Great news! I shall add to my CBX position...

I just donated 1 BTC to the foundation to assist in funding the 3 stage project to be announced shortly.

Exciting developments coming guys

Have a great weekend!

Guys these are all good; at this point worrying about where to put a comma or which word to add is not the best spent energy for this coin. Other (successful) coins have very weak slogans.

If nobody comes to the site, it doesn't matter what is shown on it. The site is nice as it is, we need to bring people to it.

Agreed, virtual does not sound good.


In my opinion this coin (CBX) has everything to succeed, yet you have to put yourself in investor's shoes to make it an attractive place to put his money (you once claimed this was "the investor's coin").

This coin needs more visibility. Chinese exposure would help, but this is only one aspect.

Also a meaningful PoS reward would help (1.5% is irrelevant - 3-5% yearly would be more appealing)

If you're paying, I'm posting BTCat 


I like BTCat's variation. Keep em coming. Any other ideas?

Know no limits
Raising the bar