Pages:
Author

Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 36. (Read 359514 times)

full member
Activity: 152
Merit: 101
Not sure if any have heard, however there is a new service launching in the next month to compete directly with Coinbase (crypto for fiat exchange). This service, Coinbook.com, is US based, is fully funded and includes a team of lawyers, accountants, developers and auditors.

As many know, US regulations are extremely challenging to navigate but the companies that do so provide a level of insurance, credibility, validity and stability that large investors demand. This US regularoty approval gives services such as Coinbase and Coinbook promise of beign wildly successful as well as the coins that obtain listing on their respective platforms.

Now I mention Coinbook.com (https://coinbook.com/) because we have established communication, they are fans of and will list Bullion (CBX). However there is a caveat. Due to US regulations, they cannot do so if we implement anon or coin mixing features... We could still implement masternodes with instant transactions and self-governance, however, coin mixing and anon functions would have to be omited.

I personally feel Bullion does not need to be an anonymous coin. Our niche is wealth storage, we are the Digital Precious Metal. There are other coins designed to serve the anon purpose, do we NEED this feature? Yes it is a nice to have, however, is it worth missing out on an opportunity such as this?

This is a decision we would like the community's input on. Please see the new poll at the top of the page and lets hear your vote. Feel free to reply with comments to this thread as well.

Thank you in advance.

The most profitable thing for bullion would be to be listed in the first wave and I hope that removing anonymity from the code won't cause this first wave to fail.
Either way, it's very good news.
full member
Activity: 152
Merit: 101
I voted for coinbook, anyway there will always be external services for those who want to anonymize their transactions as darkwallet for bitcoin.
sr. member
Activity: 346
Merit: 255
If we want Bullion to be taken seriously by real investors we should not go down the anonymity route. There are plenty of coins out there that can fulfill this niche, CBX should not be one of them.

I say focus on doing one thing and one thing well, a store of wealth, a port in the next storm, don't dilute the coins USP by adding somewhat faddy functions that will likely make it far less attractive to future investors when crypto regulation becomes mainstream Smiley

FR
legendary
Activity: 1146
Merit: 1006
I agree with elambert.

CBX does not need to be anon coin, there are niche coin for niche markets

This is a good opportunity. Seize the moment.
legendary
Activity: 1696
Merit: 1008
Not sure if any have heard, however there is a new service launching in the next month to compete directly with Coinbase (crypto for fiat exchange). This service, Coinbook.com, is US based, is fully funded and includes a team of lawyers, accountants, developers and auditors.

As many know, US regulations are extremely challenging to navigate but the companies that do so provide a level of insurance, credibility, validity and stability that large investors demand. This US regularoty approval gives services such as Coinbase and Coinbook promise of beign wildly successful as well as the coins that obtain listing on their respective platforms.

Now I mention Coinbook.com (https://coinbook.com/) because we have established communication, they are fans of and will list Bullion (CBX). However there is a caveat. Due to US regulations, they cannot do so if we implement anon or coin mixing features... We could still implement masternodes with instant transactions and self-governance, however, coin mixing and anon functions would have to be omited.

I personally feel Bullion does not need to be an anonymous coin. Our niche is wealth storage, we are the Digital Precious Metal. There are other coins designed to serve the anon purpose, do we NEED this feature? Yes it is a nice to have, however, is it worth missing out on an opportunity such as this?

This is a decision we would like the community's input on. Please see the new poll at the top of the page and lets hear your vote. Feel free to reply with comments to this thread as well.

Thank you in advance.
legendary
Activity: 1696
Merit: 1008
newbie
Activity: 88
Merit: 0
What’s the total coin supply?
legendary
Activity: 1696
Merit: 1008
barterdex and blocknet are going to be the big news of this year i expect

cbx hopefully can get on both and deserves to be on both ... these fairly distributed projects are going to be the only ones left standing once regulations start sparking up all over the place.

icos are 99% scams

What steps are necessary to get listed on these 2 exchanges?
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
barterdex and blocknet are going to be the big news of this year i expect

cbx hopefully can get on both and deserves to be on both ... these fairly distributed projects are going to be the only ones left standing once regulations start sparking up all over the place.

icos are 99% scams
legendary
Activity: 2576
Merit: 1073
Really hope CBX gets traded on jl777's decentralised BarterDEX, it's about to blow up big time, they just announced they're close to adding atomic swaps between Komodo & ETH, and Komodo & Erc20 tokens, they call it 'Etomic'. Once that takes off BarterDEX will become a major decentralised atomic swap exchange. They're even using SPV servers now so you don't even have to download the full blockchains to do atomic swaps.

CBX has got to get on BarterDEX guys!!

Honestly i would agree. i have been following the updates from KMD platform/ supernet team. they are doing some nice work out there.
For now still under the radar.

Excuse my ignorance, I wonder how those decentralized exchanges are going to work? I know this is becoming a hot topic after all those KYC verifications are being forced everywhere, and there are several decentralized exchanges existing already, but I never used any, and dont yet understand how they are going to execute trades, if they don't hold the private keys? The taker side is clear, but what about maker side? If I pur an order, which cannot be executed instantly, then I close the browser, how do they executw the trade and take funds when someone wants to buy my order..?

Sorry for possible offtopic, would appreciate if somebody could explain this in couple of words...

BarterDEX uses 'atomic swaps', so using timelock & multisig, trades happen directly from one blockchain to the other, so the BarterDEX never has your keys or coins. It's fantastic tech, and because they setup SPV servers like electrum, you can do atomic swaps between coins without having to download the full blockchains, but you can if you prefer too.

BarterDEX has a learning curve (especially understanding utxo use), but compared to regular centralised exchange with kyc, hack risk, and withdrawal limits etc, there's no comparison now.


https://themerkle.com/what-is-an-atomic-swap/

Thanks for info! This made me do a bit better research than I did before. In fact, I am looking for more technical explanation of how this works. The internet is full of 'marketing'-type superficial info on atomic swap, with almost no substance, and no technical details. This is the closest to what I was looking for: https://bitcoin.stackexchange.com/questions/54120/can-someone-eli5-to-me-for-bitcoin-atomic-swaps
Still not perfectly clear, but at least something to think around.
This one was moderately useful too: https://blog.decred.org/2017/09/20/On-Chain-Atomic-Swaps/

The thing sounds really interesting, though it looks like good implementation could be done only after lightning network is tested and adopted, particularly when it comes to BTC exchanges (paying two times tx fees for single exchange could be rather costly). In any case, according to the info I found, decentralized exchanges are NOT going to replace centralized exchange services completely - as for example they are not well-suited for fast back'n'forth trading. But they could provide good trading means for long-term holders who can trade less often and with bigger amounts. Well, I might be mistaken, as there is a lot of contradicting info, but thats the impression I got.
sr. member
Activity: 756
Merit: 268
not really sure about this etherdealta is also dex but it got hacked no extra security it only use the wallet public address to log on

afaik Etherdelta has their DNS messed with, so more like a phishing attack got users funds.

BarterDEX runs locally as an installed application.
m33
legendary
Activity: 1064
Merit: 1000
Never invest with borrowed coins
Really hope CBX gets traded on jl777's decentralised BarterDEX, it's about to blow up big time, they just announced they're close to adding atomic swaps between Komodo & ETH, and Komodo & Erc20 tokens, they call it 'Etomic'. Once that takes off BarterDEX will become a major decentralised atomic swap exchange. They're even using SPV servers now so you don't even have to download the full blockchains to do atomic swaps.

CBX has got to get on BarterDEX guys!!

Honestly i would agree. i have been following the updates from KMD platform/ supernet team. they are doing some nice work out there.
For now still under the radar.

Excuse my ignorance, I wonder how those decentralized exchanges are going to work? I know this is becoming a hot topic after all those KYC verifications are being forced everywhere, and there are several decentralized exchanges existing already, but I never used any, and dont yet understand how they are going to execute trades, if they don't hold the private keys? The taker side is clear, but what about maker side? If I pur an order, which cannot be executed instantly, then I close the browser, how do they executw the trade and take funds when someone wants to buy my order..?

Sorry for possible offtopic, would appreciate if somebody could explain this in couple of words...

BarterDEX uses 'atomic swaps', so using timelock & multisig, trades happen directly from one blockchain to the other, so the BarterDEX never has your keys or coins. It's fantastic tech, and because they setup SPV servers like electrum, you can do atomic swaps between coins without having to download the full blockchains, but you can if you prefer too.

BarterDEX has a learning curve (especially understanding utxo use), but compared to regular centralised exchange with kyc, hack risk, and withdrawal limits etc, there's no comparison now.


https://themerkle.com/what-is-an-atomic-swap/

Interesting stuff!  Be good to say goodbye to centralised exchange dictatorships.

not really sure about this etherdealta is also dex but it got hacked no extra security it only use the wallet public address to log on
legendary
Activity: 2772
Merit: 3284
Whatever happened with the Android Vault? I remember back in 2016 (roughly March) I bought some ~180 CBX. After, I tried to send CBX but couldn't as the vault had some syncing error. Still have the private keys/wallet files, so is there a way now to convert the key to a format working with the computer vaults, or a working Android Vault? It's worth over $1k USD now, so it would be great to have access to those funds. (forgot about it but saw the huge rise in the price recently).

You think that's a huge rise. Wait for the new vault and the other plans...... that will be a HUGE rise.

Remember this coin has a TINY minting.

Barterdex and blocknet are both accepting new coins let's be part of the first wave on both.

Regardless of how whether it counts as a huge rise, is there a solution to getting your coins out of the Android Vault?
hero member
Activity: 750
Merit: 503
Really hope CBX gets traded on jl777's decentralised BarterDEX, it's about to blow up big time, they just announced they're close to adding atomic swaps between Komodo & ETH, and Komodo & Erc20 tokens, they call it 'Etomic'. Once that takes off BarterDEX will become a major decentralised atomic swap exchange. They're even using SPV servers now so you don't even have to download the full blockchains to do atomic swaps.

CBX has got to get on BarterDEX guys!!

Honestly i would agree. i have been following the updates from KMD platform/ supernet team. they are doing some nice work out there.
For now still under the radar.

Excuse my ignorance, I wonder how those decentralized exchanges are going to work? I know this is becoming a hot topic after all those KYC verifications are being forced everywhere, and there are several decentralized exchanges existing already, but I never used any, and dont yet understand how they are going to execute trades, if they don't hold the private keys? The taker side is clear, but what about maker side? If I pur an order, which cannot be executed instantly, then I close the browser, how do they executw the trade and take funds when someone wants to buy my order..?

Sorry for possible offtopic, would appreciate if somebody could explain this in couple of words...

BarterDEX uses 'atomic swaps', so using timelock & multisig, trades happen directly from one blockchain to the other, so the BarterDEX never has your keys or coins. It's fantastic tech, and because they setup SPV servers like electrum, you can do atomic swaps between coins without having to download the full blockchains, but you can if you prefer too.

BarterDEX has a learning curve (especially understanding utxo use), but compared to regular centralised exchange with kyc, hack risk, and withdrawal limits etc, there's no comparison now.


https://themerkle.com/what-is-an-atomic-swap/

Interesting stuff!  Be good to say goodbye to centralised exchange dictatorships.
sr. member
Activity: 756
Merit: 268
Really hope CBX gets traded on jl777's decentralised BarterDEX, it's about to blow up big time, they just announced they're close to adding atomic swaps between Komodo & ETH, and Komodo & Erc20 tokens, they call it 'Etomic'. Once that takes off BarterDEX will become a major decentralised atomic swap exchange. They're even using SPV servers now so you don't even have to download the full blockchains to do atomic swaps.

CBX has got to get on BarterDEX guys!!

Honestly i would agree. i have been following the updates from KMD platform/ supernet team. they are doing some nice work out there.
For now still under the radar.

Excuse my ignorance, I wonder how those decentralized exchanges are going to work? I know this is becoming a hot topic after all those KYC verifications are being forced everywhere, and there are several decentralized exchanges existing already, but I never used any, and dont yet understand how they are going to execute trades, if they don't hold the private keys? The taker side is clear, but what about maker side? If I pur an order, which cannot be executed instantly, then I close the browser, how do they executw the trade and take funds when someone wants to buy my order..?

Sorry for possible offtopic, would appreciate if somebody could explain this in couple of words...

BarterDEX uses 'atomic swaps', so using timelock & multisig, trades happen directly from one blockchain to the other, so the BarterDEX never has your keys or coins. It's fantastic tech, and because they setup SPV servers like electrum, you can do atomic swaps between coins without having to download the full blockchains, but you can if you prefer too.

BarterDEX has a learning curve (especially understanding utxo use), but compared to regular centralised exchange with kyc, hack risk, and withdrawal limits etc, there's no comparison now.


https://themerkle.com/what-is-an-atomic-swap/
legendary
Activity: 2576
Merit: 1073
Really hope CBX gets traded on jl777's decentralised BarterDEX, it's about to blow up big time, they just announced they're close to adding atomic swaps between Komodo & ETH, and Komodo & Erc20 tokens, they call it 'Etomic'. Once that takes off BarterDEX will become a major decentralised atomic swap exchange. They're even using SPV servers now so you don't even have to download the full blockchains to do atomic swaps.

CBX has got to get on BarterDEX guys!!

Honestly i would agree. i have been following the updates from KMD platform/ supernet team. they are doing some nice work out there.
For now still under the radar.

Excuse my ignorance, I wonder how those decentralized exchanges are going to work? I know this is becoming a hot topic after all those KYC verifications are being forced everywhere, and there are several decentralized exchanges existing already, but I never used any, and dont yet understand how they are going to execute trades, if they don't hold the private keys? The taker side is clear, but what about maker side? If I pur an order, which cannot be executed instantly, then I close the browser, how do they executw the trade and take funds when someone wants to buy my order..?

Sorry for possible offtopic, would appreciate if somebody could explain this in couple of words...
m33
legendary
Activity: 1064
Merit: 1000
Never invest with borrowed coins
best coin so far only wish that i got more of if when i could but now seem too hard hopeing for the moon to come early 
newbie
Activity: 8
Merit: 0
I have bought some CBX on Cryptopia but I can see their wallet has got 0 connections. As result my withdrawal is stuck.
Could devs contact them and help them solve the issue.
You should contact their customer support about it, they should help you and answer you pretty fast.
If they need us they will then contact us, but first you have to contact them.
Thank you, I have submitted ticket after 12h my withdrawal being stuck. Afterwards I have noticed their wallet has no connections to the network. Never had a problem with them so hopefully they sort out their wallet soon.
Btw. very happy to find this coin and looking forward to the future projects.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
I have bought some CBX on Cryptopia but I can see their wallet has got 0 connections. As result my withdrawal is stuck.
Could devs contact them and help them solve the issue.

I expect their wallet just needs a reboot ...hopefully they will do that today or tomorrow.
The chain is working fine
member
Activity: 92
Merit: 13
I have bought some CBX on Cryptopia but I can see their wallet has got 0 connections. As result my withdrawal is stuck.
Could devs contact them and help them solve the issue.
You should contact their customer support about it, they should help you and answer you pretty fast.
If they need us they will then contact us, but first you have to contact them.
Pages:
Jump to: