Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 44. (Read 359514 times)

edit i will pm about this instead...

much better to keep it cbx anyway

we can start really marketing and pushing cbx once there is good reason to mention in it the same light as other coins with excellent long term proven and continued development.

once the zero coin implementation and masternodes are up and working and also other development being worked on that will be the time to start pushing this coin a lot harder into the light.

then volume will explode

In my opinion it should be quite an important item on the to do list as there are many people using it, me included. Would be happy to see it rather sooner than later.

We definitely agree that the trading volume CBX is seeing today is not satisfactory! Our goal is not to maintain this volume, but to make it grow, this is why we are adding usability features to the investor-friendly parameters already in place, and that will bring onboard more people.

Unfortunately for the exchanges a coin on a new blockchain comport work and is seen as new listing, this is what I was worried about so that's why I asked a while back if you had contact them before start to work on a swap.Anyway it is important to keep cryptopia since the overall volume there is quite good and give CBX more chance.

A new "personal" exchange would be good but there are already hundreds of exchanges around, the problem is the volume that they can assure and since CBX even on cryptopia has an extremely low volume, you should be realistic that with this solution would be very difficult to bring people register, move BTC and trade on your exchange if that is the only one, instead adding it to the current one it will be a good choice.

For the same reasons of the current volumes it would be almost impossible for new exchanges to take into consideration a listing, the best solution is to start contact them after the new vault is online and hopefully that the CBX trading volume will grow.

An electrum-style light CBX wallet will be possible after phase 2 of Roadmap; although it is not part of roadmap right now. I think it's a good idea, however, so we can definitely keep this idea in mind as a future project.

http://
Just signed up.

Here's the link to submit a request http://kucoinform.mikecrm.com/tAssDWK

Has to be filled in by one of the Dev team only

hey guys please visit https://www.kucoin.com/#/?r=E5KSaQ, there is a section vote for new coin cost 0.1 kuc per vote over a 12 day period just like cryptopia before if we time it properly we could be listed there.

how long til we can reasonably expect an electrum wallet?

id like to see that.

As a long time hodler I am disapointed in your view that you dont want to do a fork because you dont want to loose an exchange and costs to get on an new  exchange. I rather see my investment go to zero than an Exchange dictating the direction of a coin. I am 100% for the best possible coin. We as a community could have raised money to go a 2 other exchanges. I would have donated and I think a lot of others would have done the same because a listing on bittrex would have made there donation seem nothing because of the price increase we could expect from bittrex alone.

Creating a new exchange would open up the options that would cause probems at the moment. I think it's a great idea if it can be achieved.

We just need some place to trade if the coin swap is to go ahead. Big or small.

Having a fresh start while keeping all the fundamentals we already have is the best option imo.

It is conceivable that is an exchange with Fiat currency or tether (CBX/USDT)

The snapshot approach with re-using same private keys was exactly what we intended to do with CBXi. Still seen as a 50 000.$ "swap" by Cryptopia.


A "fork" is pretty much a common occurence in the altcoin world and it's not considered a swap by Cryptopia, this is confirmed by one of their admins.


Did everybody miss this? I think it's a pretty major idea.

There's also the idea of a snapshot and/or fork. The new vault could be on a brand new blockchain but use the same private keys or have a distribution so all existing balances are present on the new blockchain, so all people would have to do is import their old vault private keys and they have their coins.

Unfortunately, that is how Cryptopia works. I saw a coin upgrade from a non-masternode version with a different PoW algo to a coin that supports masternodes and a newer PoW algo. Cryptopia allowed the old coin to be delisted gracefully, but would not relist the new coin, since it is considered a new coin, unless the listing fee was paid.

The coin dev did not pay the listing fee, and nobody else wanted to, and no one in the community wanted to donate towards listing. The coin is mostly swapped from old to new, and any unswapped old coins, the new coin equivalent would be burned.

The new coin has been doing better than when it was listed on Cryptopia. If Bittrex does charge lower than Cryptopia, perhaps people are willing to get listed on that one instead and contribute accordingly.

If you do a "fork", then you still use the old blockchain, but new vault software, and of course there will be two blockchains after that particular block, the question is if Cryptopia would accept the fork and replace the old coin with the new coin, or have some sort of "in place" swap that instantly happens on the forking block.

This would also render the old vault useless. Just make sure you guys don't inadvertently do a "btc1" and the vault gets stuck.

Also, a coin swap is pretty easy for Alex4J to accomplish so if for some reason we need to revisit this down the line, there is no reason we cannot.

My understanding and expectation of the new Vault is that the afore mentioned bugs will be remedied. We are still implementing a new code base, the only real difference here is time to finish the project, keeping the blockchain and most importantly, keeping a $50k listing at an exchange.

There is a time and place for everything and we have to make the decisions that are best for the coin and our investors. This is not always easy and may not always be what pleases everyone but we have a responsibility to the overall ecosystem.

As always thank you all for your support! I am confident all invested parties will be very happy with this investment in due time...

Well people here complain about not being listed on bittrex or polo all the time, and now you guys don't mind we lose Cryptopia? We are just changing one thing in our development of Vault 3.0.0 - so that we don't call Vault 3.0.0 a "swap". A swap is an expensive word - to put things in perspective:

With the new sharp rise of the BTC, exchanges did not readjust their listing fees quickly - and, surprisingly they are noticing that, they can still charge the old BTC fees and still coin developers are paying these new inflated prices (!!!). One reason for this is new coins are created by crowdfunding ICO process; now exchanges want their share of the pie and are getting away with it.

Cryptopia charges 5 million DOT for listing a new coin which is 50 000.$
Bittrex charges anywhere from 5000$ to 15 000.$
even a new exchange like Coss.io charges 17 000.$

Now, CBX is a second-gen coin from 2013, so we never had a huge ICO development fund; it would be counter-productive for us to pay those listing fees, even if we could. So being listed on a good exchange is a valuable strategic advantage we should strive to maintain. And yes, we keep asking new exchanges to list CBX as we meet them; but guys, since you are mentioning this, you are more than welcome to join us and roll up your sleaves and send in some requests to exchanges as well.

All this being said, we are negociating with people from another crypto who want to create a new exchange, which would be CBX (and said coin) centered. Stay tuned.

Read the update this morning at work. Just logged in to give my view, and I see FiniteRed has covered almost everything I've been stewing over all day.

Totally agree with FR. I was shocked with the announcement that the CBX Dev team were going to abandon the current development path because of the views of an exchange. To develop CBX in a way that fits an exchange, rather than evolve. To give in to demand of a centralised organisation.

We have the chance to leave behind the baggage that has been carried and held us back for so many years.

The coinswap along with the new software would have us on multiple exchanges within weeks of release. The setup, blockchain download, memory issue and crashing of Vault 2.4.3 is why I suspect we aren't listed on many more exchanges than we are.

There has been a lot of interest In CBX lately and what message does this say to prospective investors who are eagerly awaiting vault 3.0? I suspect they are tired of this game of snakes and ladders as much as the rest of us.

The latest announcement has left me disappointed and unsure about  the future of CBX if the dev team is so easy to give in to the stance of an exchange, and mold CBX to fit in,  rather than to stick with their own vision of crypto bullions future.

I presume all exchanges new/old/large/small have been contacted about listing CBXi and rejections from all have been received before deciding to not move forward, and stay stuck in the same old hole?

+1

Exactly the way I feel about it. I'm not so concerned about time since I'm holding for the long term, CBX is a great coin. It is fast and easy to use. If we can solve some of the wallet and sync issues, we are golden. Cryptopia is kind of our lifeline right now until we have other options/exchanges in place. If we have a solid alternative, I'm fine with modifications to the coin and getting delisted etc. But I also think of the non-technical investors that have bought CBX. They wouldn't know how to manage a swap and I fear it would cut out our limited interest base as it is. I really like the new plan forward and am on board to support it until we get over the next hill.

Kudos to the core team!

i hope it doesnt upset but i am with cryptopia on this, i made my opinion clear & received a less than satisfactory response.

if you want/need a new coin, make it.

cbx is already decent, it just needs the tlc that all successful projects need.

please feel free to correct me, im open to information and opinion

I really want to disagree with this. But you make some valid points. The only drawbacks are the costs associated with getting listed on other exchanges, and having no real exchanges right at a time when we need them the most. However the flip side to this is possibly implementing a p2p exchange within the wallet. I know that would add development time though. Would be pretty cool if that were possible.