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Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 256. (Read 359514 times)

legendary
Activity: 1696
Merit: 1008
FYI - CBX wallet resync complete over at Cryptsy.

 Grin

full member
Activity: 171
Merit: 100
Some people just want to watch the world dance.
Would people be interested in having details of staked coins in the wallet GUI? By this I mean a display of how many CBX you've staked this session and in the last 7, 30 and 365 days. Perhaps also an 'average CBX staked per day' display too. It's something that I'd personally find useful. Thoughts? It should be fairly straightforward to add something like this.

Hi Raizor, yes I would like that - any room for a light weight chart/graph with this info? - with target banding so you can see if you are staking at the optimum rate - might encourage people to keep their wallets staking 24/7

Hi FR, that sounds pretty neat. I'll bear that in mind (probably for revision 2). Thanks Smiley
sr. member
Activity: 346
Merit: 255
Would people be interested in having details of staked coins in the wallet GUI? By this I mean a display of how many CBX you've staked this session and in the last 7, 30 and 365 days. Perhaps also an 'average CBX staked per day' display too. It's something that I'd personally find useful. Thoughts? It should be fairly straightforward to add something like this.

Hi Raizor, yes I would like that - any room for a light weight chart/graph with this info? - with target banding so you can see if you are staking at the optimum rate - might encourage people to keep their wallets staking 24/7
full member
Activity: 171
Merit: 100
Some people just want to watch the world dance.
Would people be interested in having details of staked coins in the wallet GUI? By this I mean a display of how many CBX you've staked this session and in the last 7, 30 and 365 days. Perhaps also an 'average CBX staked per day' display too. It's something that I'd personally find useful. Thoughts? It should be fairly straightforward to add something like this.
full member
Activity: 171
Merit: 100
Some people just want to watch the world dance.
Interesting ideas Smiley

With part of the funding going towards maintaining the market price, this could be done on exchanges other than Cryptsy...

Seriously though, Jenna is getting a bit long in the tooth even for an old timer like myself, I think Tori Black or Emma Mae might better appeal to the target demographic.

I just checked and she's 41! Man, that makes me feel old. She's still obsessed with chasing MMA fighters as far as I know. I remember reading recently that she's got her sights on Connor McGreggor. Hahaha, he'd better run...

You might be right about the target demographic Smiley

cheers,

raizor
member
Activity: 111
Merit: 10
Interesting ideas Smiley

With part of the funding going towards maintaining the market price, this could be done on exchanges other than Cryptsy...

Seriously though, Jenna is getting a bit long in the tooth even for an old timer like myself, I think Tori Black or Emma Mae might better appeal to the target demographic.
legendary
Activity: 1960
Merit: 1010
It would be great if CBX can have it's own revenue stream. Some small business to use for buybacks and fund development.
Donations can help but with regular profit we can keep it up longterm without asking too much from community.  

Example, we could add a page for advertisements on the website, perhaps not pretty but it even could be done in the wallet between newsflashes or pricequotes of coins.

btw. If people like to use CBX on a marketplace you can set CBX as payment method on Cryptopia. https://www.cryptopia.co.nz/MarketPlace
No idea if there are many buyers but at least it works.

I challenge you to list a Jenna Jameson.
 
full member
Activity: 171
Merit: 100
Some people just want to watch the world dance.
Evening all.
Good to see some serious discussion going on around here again. Elambert, Raizor, BTCat. Thanks for deciphering and contemplating my previous posts and throwing us some bone to chew on again, much appreciated I think it is, and will, prove to be a good move.

Quite a lot to read through since I was last here so picked out a couple of things I've skimmed from the surface.

First up, Funding

I think funding is definately a priority for the community to address. Some may disagree as to why they should fund something that has given them little to no return to recent date on monies invested. I argue that why a development team should spend time on something that gives them no financial support on time invested, and this is what we should be also investing in. We are honoured to have a team that sticks by their beliefs and visions for CBX, and have not deserted this coin long ago as a lost cause. So I've come up with a simple donation plan proposal.

In the past the CBX team have accepted donations solely in CBX. This is great as long as there is steadily increasing or stable and liquid value, as is sadly no longer the case at the moment.
I think the dev team should ask to accept donations in bitcoin and maybe more liquid crypto-currencies.
As an incentive to donate I recommend that any donations are to be split as follows, or something similar.

70% of the donation goes to the dev team.

20% goes on placing a support buy order on cryptsy at current level, 1 'CBXoshi'  Huh above the first and not moved to create buy support. Any CBX accumulated to be stored for the same reasons as stated below.

10% to be used to buy directly into sell orders. Any CBX accumulated to be stored for giveaways, contests or even a quarterly draw to win the accumulated pot of CBX.

Splitting donations up like this will support the team, price levels and buy support, giveaways and raffles.

I can give a little in BTC when paid at the end of every month. If more could do the same this could add up to make a hugely significant difference.

Jenna Jameson Dolls

I think the CBX core teams primary focus should be on the mass production and sale of Jenna Jameson Dolls for CBXXX.

Marketplace

Awesome idea. This could start right here, right now.
Do you want more CBX? Do you have an item or service you want to exchange for CBX? Post a description, picture and asking price. Let's get the marketplace rolling!

Currency or Commodity?

Commodity!

Blockchain bloat

I believe raising block times up to 10 mins between blocks would not be a problem whatsoever for CBX. Transactions are instant, and with a highly secure hybrid crypto like CBX, confirmation times are non important in theory. Raising the POW reward up to 10x accordingly would maybe attract more miners, even though inflation wouldn't be damaged, a higher reward always looks juicier.( What a strange word juicier is to look at don't u think, made me pull a face and think what the hell is that I've just wrote. Juicier, joooocier).

All other technical stuff I will leave for more qualified people to comment on.

Oh and I want to say a few words to those that only come here to read. I'm talking to you Mr and Mrs I've got nothing to say and no idea how to say it even if I did. Hello, how are you?  Grin One week ago we had 9486 thread views, we now have 10198. The number of visitors against the number of posts doesn't add up. Please spend a minute or two to voice your opinions and say hello, your support is greatly needed!


Killiz


Some great ideas there Killiz, thanks for taking the time to share them Smiley

The funding idea sounds great, and I think your proposed splits make a lot of sense. Increasing volume and maintaining/increasing current market price can't be a bad thing! Another option for handling future funding would be to cost out individual enhancements/new features and either raise funding directly on an item by item basis, or pull funding from a central pool.

CBXXX eh? Now there's an idea! haha. I'm still very excited about the thought of having a CBX marketplace. I've started putting together some rough ideas here, which I'll share once I've got them together. I think this could be pretty special.

As an aside, I've started incorporating IRC chat into the wallet. I think this will prove very useful for encouraging community growth and involvement. This will be included in the next wallet update Smiley

cheers,

raizor
hero member
Activity: 750
Merit: 503
Evening all.
Good to see some serious discussion going on around here again. Elambert, Raizor, BTCat. Thanks for deciphering and contemplating my previous posts and throwing us some bone to chew on again, much appreciated I think it is, and will, prove to be a good move.

Quite a lot to read through since I was last here so picked out a couple of things I've skimmed from the surface.

First up, Funding

I think funding is definately a priority for the community to address. Some may disagree as to why they should fund something that has given them little to no return to recent date on monies invested. I argue that why a development team should spend time on something that gives them no financial support on time invested, and this is what we should be also investing in. We are honoured to have a team that sticks by their beliefs and visions for CBX, and have not deserted this coin long ago as a lost cause. So I've come up with a simple donation plan proposal.

In the past the CBX team have accepted donations solely in CBX. This is great as long as there is steadily increasing or stable and liquid value, as is sadly no longer the case at the moment.
I think the dev team should ask to accept donations in bitcoin and maybe more liquid crypto-currencies.
As an incentive to donate I recommend that any donations are to be split as follows, or something similar.

70% of the donation goes to the dev team.

20% goes on placing a support buy order on cryptsy at current level, 1 'CBXoshi'  Huh above the first and not moved to create buy support. Any CBX accumulated to be stored for the same reasons as stated below.

10% to be used to buy directly into sell orders. Any CBX accumulated to be stored for giveaways, contests or even a quarterly draw to win the accumulated pot of CBX.

Splitting donations up like this will support the team, price levels and buy support, giveaways and raffles.

I can give a little in BTC when paid at the end of every month. If more could do the same this could add up to make a hugely significant difference.

Jenna Jameson Dolls

I think the CBX core teams primary focus should be on the mass production and sale of Jenna Jameson Dolls for CBXXX.

Marketplace

Awesome idea. This could start right here, right now.
Do you want more CBX? Do you have an item or service you want to exchange for CBX? Post a description, picture and asking price. Let's get the marketplace rolling!

Currency or Commodity?

Commodity!

Blockchain bloat

I believe raising block times up to 10 mins between blocks would not be a problem whatsoever for CBX. Transactions are instant, and with a highly secure hybrid crypto like CBX, confirmation times are non important in theory. Raising the POW reward up to 10x accordingly would maybe attract more miners, even though inflation wouldn't be damaged, a higher reward always looks juicier.( What a strange word juicier is to look at don't u think, made me pull a face and think what the hell is that I've just wrote. Juicier, joooocier).

All other technical stuff I will leave for more qualified people to comment on.

Oh and I want to say a few words to those that only come here to read. I'm talking to you Mr and Mrs I've got nothing to say and no idea how to say it even if I did. Hello, how are you?  Grin One week ago we had 9486 thread views, we now have 10198. The number of visitors against the number of posts doesn't add up. Please spend a minute or two to voice your opinions and say hello, your support is greatly needed!


Killiz

legendary
Activity: 1672
Merit: 1010
Great conversation occurring here!
Regarding blockchain bloat... CBX having been around for almost 2 years now combined with a one-minute target block time have made the CBX blockchain grow quickly. I think we do need to seriously consider slowing target block time to the 5-10 minute range while multiplying the PoW reward by the same factor to maintain equilibrium. CBX has been traditionally designed and targeted as more of a storage of wealth than a currency and if this direction is maintained, a further slowing of block generation time I feel is acceptable.

This is more in line with how i feel about it that we should have longer block times as its unnecessary for a store of wealth to be superfast transactions, and the 5-10 minute range sounds more sane Smiley

On that note, it seems the question of direction needs to be discussed. Do we want CBX to fight with the multitude of coins in the battle to be the every day spending medium or do we want CBX to continue to establish itself as the premier crypto-commodity (storage of wealth) / digital precious metal?

Store of wealth and rarity has always been the appeal of CBX to me.  but at current exchange rate on cryptsy is difficult for this image to be maintained, i've been buying up more the past few months and am really annoyed with the wallet situation on cryptsy that is preventing me from withdrawing to my wallet. I hav mentioned it more then a few times but Cryptsy really does not seem to place a priority on keeping their wallet systems up and working and as the general attitude of crypto users is such that the majority do not care about the actual wallet as long as they can keeping flipping their coins on cryptsy/exchanges.  The maintenance is also ridiculously low price on CGB and other coins in similar situation that have working wallets/blockchain but are stuck in maintenance hell on cryptsy.  It causes a loss of interest and prevents others from seeing as it a something more then just another altcoin :\

CBX is in a small club of altcoins that can after 2 years still has a REAL team and people behind it which is a rare thing, and gives me more confidence in holding CBX long term. Smiley







legendary
Activity: 1960
Merit: 1010
Like gold a metal only becomes precious due to it's features making many people and businesses wanting it.
It's pretty and shiney for use as jewelry, a huge market.
It's good for use in electronica that everyone uses, mobile phones, etc.

So for CBX to become more of a precious digital commodity the best would be to develop features in digital form that makes it wanted by many.

Therefor I would like to see tools developed that makes it easier to implement CBX into platforms. When businesses start to see the benefits of using CBX as a backbone then the coin has more reason to exist, more people will want it and the price will grow. 

Easy said  Grin
legendary
Activity: 1696
Merit: 1008
Great conversation occurring here!

I am a big fan of continuing the evolution to make the CBX Vault (client) more feature rich so users have the functionality they desire in an easy to use and intuitive platform. This should definitely be pursued and does add tremendous value.

The biggest bang for the buck regarding time and effort expenditure in development I believe comes from implementation of CBX's own unique Hybrid algorithm (proposed in the unreleased white paper). I do agree that Blackcoins PoS model is an improvement to the PPC PoS model but one solution does not fit all. I maintain that the proposed PoSP solution, in conjunction with PoW merge mining, is the right solution for CBX and its future.

I am not suggesting tabling the Vault's feature development, just perhaps allocating the larger portion of effort towards the algo project? Just my opinion here guys.

Regarding blockchain bloat... CBX having been around for almost 2 years now combined with a one-minute target block time have made the CBX blockchain grow quickly. I think we do need to seriously consider slowing target block time to the 5-10 minute range while multiplying the PoW reward by the same factor to maintain equilibrium. CBX has been traditionally designed and targeted as more of a storage of wealth than a currency and if this direction is maintained, a further slowing of block generation time I feel is acceptable.

On that note, it seems the question of direction needs to be discussed. Do we want CBX to fight with the multitude of coins in the battle to be the every day spending medium or do we want CBX to continue to establish itself as the premier crypto-commodity (storage of wealth) / digital precious metal?
legendary
Activity: 1960
Merit: 1010
Cryptopia said me something of a faucet is in the works.
full member
Activity: 171
Merit: 100
Some people just want to watch the world dance.
regarding the blockchain bloat and PoS enhancement, i think this can be partially addressed by the use of minimum inputs amount (eg 50 CGB) that can stake to prevent fractional and dust amounts staking.  also and prevent splitting of inputs below a certain amount eg 100 CGB, reduce further bloat of blockchain and users own wallet.dat with the dust amounts staking in always on wallet. Maybe also making changes to increase the block time would help as well, i was looking at the blockchain explorer at random 10 minute period and found that at least 10 blocks are mined, so any efforts to increase the time between blocks would definitely help towards reducing bloat.

If looking into research for PoS, i would recommend using Blackcoin as model, almost all of the new PoS coins in the past year including those mentioned above have drawn from BLK for their PoS features

Great info digit, thank you very much. I keep hearing about Blackcoin's PoS model, so I'll spend some time looking over the code.

cheers,

raizor
legendary
Activity: 1672
Merit: 1010
regarding the blockchain bloat and PoS enhancement, i think this can be partially addressed by the use of minimum inputs amount (eg 50 CGB) that can stake to prevent fractional and dust amounts staking.  also and prevent splitting of inputs below a certain amount eg 100 CGB, reduce further bloat of blockchain and users own wallet.dat with the dust amounts staking in always on wallet. Maybe also making changes to increase the block time would help as well, i was looking at the blockchain explorer at random 10 minute period and found that at least 10 blocks are mined, so any efforts to increase the time between blocks would definitely help towards reducing bloat.

If looking into research for PoS, i would recommend using Blackcoin as model, almost all of the new PoS coins in the past year including those mentioned above have drawn from BLK for their PoS features
full member
Activity: 171
Merit: 100
Some people just want to watch the world dance.
I've only used a handful of wallets before, but I like the recent DGC one. It has the block explorer and price chart as mentioned, and also an irc portal to the DGC channel. I don't go on there much but when I do it is easier to fire up the client than it is for me to search out a web link to take me there. Even if not as a community gathering place, a similar setup might be useful for support and troubleshooting problems.

I think that must have been it BTCat (cryptex), I had an idea that it was something you had mentioned before.

I've just checked out the DGC one, snatchmonkey. I do like the idea of an IRC pane that autoconnects to the #cryptobullion. The market data section is pretty neat too. I think we should add something similar to our wallet. The DGC wallet only pulls prices from Bittrex, but I think we could improve that and pull from multiple sources. Thanks for the info Smiley

cheers,

raizor



member
Activity: 111
Merit: 10
I've only used a handful of wallets before, but I like the recent DGC one. It has the block explorer and price chart as mentioned, and also an irc portal to the DGC channel. I don't go on there much but when I do it is easier to fire up the client than it is for me to search out a web link to take me there. Even if not as a community gathering place, a similar setup might be useful for support and troubleshooting problems.

I think that must have been it BTCat (cryptex), I had an idea that it was something you had mentioned before.
full member
Activity: 171
Merit: 100
Some people just want to watch the world dance.
BTCat, I'm not against the idea of price charts, but some may feel that the necessary centralization is undesirable. Personally, I don't see it being a problem for something like this. I imagine we'd have a service running on a VPS, which would be responsible for polling the exchanges and storing the latest prices in a database. Clients could then connect to get the latest batch of timestamped prices. We could potentially share the prices from node to node in p2p manner, but I think that's probably overkill. We could pull the latest CBX news down in the same manner too. Hmm, the more I think about this, the more I like it. It could certainly be used to make the wallet overview page more informative and interesting. We could give advanced notice of hard-forks, upgrades etc too.

I like the idea of a block-explorer too, but it would be a fair chunk of work just to save someone firing up a web-browser.

Something else I was mulling over recently was 'web' wallets. I've found them to be a little clunky, but wondered if anyone else was a big fan of them. I'm referring to the QT wallets that have a HTML interface. Effectively a mini website running in the wallet, providing the wallet GUI (buttons, textboxes etc). Vericoin and Shadowcoin both use one. I'm sure there are other coins too, but those are the only ones I've come across.

cheers,

raizor
full member
Activity: 171
Merit: 100
Some people just want to watch the world dance.
The site where there was a faucet within the exchange was probably cryptex.biz, but they went out of business.

We can ask the Cryptopia guys if they want to implement something like this. They seem to be in for a lot of things.

Thanks for all the posts, good work.


About anonymity personally I don't really care about such feature, it has been a big hype for new coins to set that as goal.
If you're not doing anything illegal then probably no one will ever care about your transaction and it's already very hard to backtrace.

I saw one wallet had some nice features like price chart or info on the blockchain etc. A blockexplorer within the wallet would sure be nice.

Thanks BTCat. Asking Cryptopia sounds like a good idea.
legendary
Activity: 1960
Merit: 1010
The site where there was a faucet within the exchange was probably cryptex.biz, but they went out of business.

We can ask the Cryptopia guys if they want to implement something like this. They seem to be in for a lot of things.

Thanks for all the posts, good work.


About anonymity personally I don't really care about such feature, it has been a big hype for new coins to set that as goal.
If you're not doing anything illegal then probably no one will ever care about your transaction and it's already very hard to backtrace.

I saw one wallet had some nice features like price chart or info on the blockchain etc. A blockexplorer within the wallet would sure be nice.
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