Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 34. (Read 359514 times)

Good question.

We code this so that there is no limit on BPNs. However there are 2 classifications, Active BPN & Inactive BPN assigned on a first come first serve criteria.

Active BPNs are #1 - #125, provide assigned service to the network and receive a reward (9-18% annual).

Inactive BPNs are #126 - infinity. They do not provide assigned service and do not receive a reward.

If 1 of the 125 active BPNs drops below the 2000 CBX threshold then they forfeit their BPN. The first in line inactive BPN (#126) moves up a spot, is activated, begins providing assigned service and starts earning reward.

To be in the queue you have to meet all of the requirements of a BPN and you will be activated when a spot opens up and you are the next in line.

This does 2 positive things for the overall ecosystem as well.
1. Increase upward price pressure through scarcity by allowing the removal of more CBX from circulation. Now we can have more than 250,000 CBX locked away for BPNs. (125 BPN x 2,000 CBX = 250,000 CBX) plus additional 'inactive BPNs' waiting in queue
2. Increases PoSP rewards by removing additional CBX from staking.

I like the idea of limiting the number of BPN's to only 125, but how do we get on the queue, who will manage it? Will the queue be a point of criticism from fans of decentralisation? Maybe add some random factor to selection, otherwise corruption might occur, assuming there are more than 125 people with +2k CBA.

Yes, the tiered approach with added incentives is a very good one. Essentially this is what we are implementing in our own unique way. One limitation we have in coding and design (actually a huge strength to the coins value) is our hard limit of 2% annual inflation. Due to this parameter, we do not have the luxury of unlimited masternodes or inflation for paying them. This also imposes limits to adding in multiple tiers. The difficulty being, how do you pay each out and make them desirable while working within a 2% annual inflation rate on approximately 1 million coins?

We have devised a 2-tier way to do this with PoSP and BPN (our masternodes).

With our design, PoSP stakers will earn between 3-6% annually while BPN operators will receive a higher reward ranging between 9-18%.

As far as adding in additional incentives for the BPN operators to hold for long term and think twice about dumping, I think our limit of 125 maximum BPN slots fulfills this. If an owner of one of the 125 BPN considers selling, they will have to factor in the queue waiting their turn for one of the limited and fixed number of BPNs. Losing your spot and not being to able to get it back is quite a powerful decision influencer here.

Yes, the tiered approach with added incentives is a very good one. Essentially this is what we are implementing in our own unique way. One limitation we have in coding and design (actually a huge strength to the coins value) is our hard limit of 2% annual inflation. Due to this parameter, we do not have the luxury of unlimited masternodes or inflation for paying them. This also imposes limits to adding in multiple tiers. The difficulty being, how do you pay each out and make them desirable while working within a 2% annual inflation rate on approximately 1 million coins?

We have devised a 2-tier way to do this with PoSP and BPN (our masternodes).

With our design, PoSP stakers will earn between 3-6% annually while BPN operators will receive a higher reward ranging between 9-18%.

As far as adding in additional incentives for the BPN operators to hold for long term and think twice about dumping, I think our limit of 125 maximum BPN slots fulfills this. If an owner of one of the 125 BPN considers selling, they will have to factor in the queue waiting their turn for one of the limited and fixed number of BPNs. Losing your spot and not being to able to get it back is quite a powerful decision influencer here.

I raised the possibility of in the future creating more advanced masternodes that work as standard savings accounts that produce better interest the more cbx you accumulate and the longer you save them for.

this would incentivise accumulation and holding and make people think twice about dumping and churning for short term profits.

We should see those with a long term view those people seem to have a saving mentality not out for the quick buck which can cause instability which hinders cbx or any other crypto being used as a real currency

Roadmap 2017-2018 status report!

Development of Vault 3.0.0 continues, as promised, and as I am always in touch with Cryptopia and our coding team here are the latest developments:

1) After discussing with a few officers from Cryptopia and confirming with them that CBX Vault 3 will not be a swap, we have now 99.5% chance of implementing our desired name change with new logo. I still did not get the final OK however, as we all know Cryptopia's responsiveness has suffered greatly recently. I know my way around with Cryptopia to get things done, just right now they are really swamped.

2) In the previous update, I revealed that we were testing the staking capability of Vault 3; in this test we hit a bug however, our new codebase Vault 3 is somehow infringing one or more rules when attempting to form new blocks, and existing Vault 2.4.3s are rejecting blocks generated by Vault 3. We are conducting extensive tests to find out what rules are being infringed and how to solve this issue.

3) We were able to successfully compile the new Vault 3 code for Windows OS, so this is a major step.

4) Current Vault 2.4.3's loading time has been greatly reduced in Vault 3, using the fastindex function instead of making the Vault extensively recheck things that were checked already, on every launch. Vault 3 launches in under 1 minute now, close to 15 seconds on a SSD drive.

That's it for now, enjoy the rest of the week!

Thanks for you help
just to try to understant, why an unlock wallet can take wrong blockchain ?

Hello...probably been asked before.....can I confirm you need 2000 coins for a masternode.....is it now possible to set up or still in delvelopment


thanks for any help

Yes, this is why CBX is often cheaper at Yobit, you can't withdraw or deposit. After so many support requests we wrote them, they will not simply reboot their CBX wallet there (all their CBX wallet needs is a simple reboot). So we gave up on Yobit.

If your Vault will not sync and you have used the bootstrap, that is most likely because it has gone on a fork. If you try to stake before your Vault has 100% synced, or if your Vault is unlocked before sync, often it will go on a fork.

To fix this, please reapply the bootstrap (delete all files in the .../Roaming/CryptoBullion except wallet.dat, then copy the bootstrap files to that folder) - lock your Vault, and only unlock when fully synced.

ca, i have some node pleaz, my wallet is not synch (used bootstrap)

and cant Withdraw my coin from Yobit :/

thanks

and be carefull Checksums for Windows installer is not good

ca, i have some node pleaz, my wallet is not synch (used bootstrap)

and cant Withdraw my coin from Yobit :/

thanks

and be carefull Checksums for Windows installer is not good

Totally agree.

With such low volume, the way CBX has weathered the latest bitcoin storm, tells me that we are building a solid community who has a steady hand.

CBX to me, is something which I will hold to the point where I can live off the interest alone. Selling only what I gain from staking.

I believe we are finally attracting the right sort of investors, with this type of mindset, as demonstrated by the way value has remained relatively steady as of late, with such a low value buy order book.

The only reason I can see why we are so far behind in marketcap compared to so many inferior currencies is because of the wallet/vault issues we have all no doubt experienced. This as we know, was all down to a series of programmers taking on the role and leaving after a short while without properly correcting critical problems in the codebase. Thus making the task for each developer thereafter harder. Hats off to those that have tried, CBX wouldn't be here without you
As elambert stated a few post ago. All development on the roadmap has been funded and will be completed. After over 4.5 years of holding and following the development of CBX, I've never been more sure of the outcome of the following few months.

We are still well under the radar, and this is a perfect time to slowly keep stocking up before the floodgates are opened with Vault 3.0.

Been solid and even increase a bit through this dip phase cryptos seem to have hit regarding korean/china fud.

Demonstrates a real rise in interest here. Although this is still crazy undervalued compared to 99% of projects above it.

2000 does not sound like a great deal but it will become almost impossible to accumulate that once this starts to take off.. better to get it sooner than later really.