Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 67.

corather

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Solarcoin.org

Quote from: elambert on July 24, 2017, 10:55:24 AM

Stage 1 of CBX 2017 Road-map update:

Coding for the hardfork to implement BPNs is almost complete (75%) and will soon begin internal testing. Next steps after completion will be as follows:
•   Auto bootstrap load / trouble shooting tool integration into Vault build
•   QR support
•   GUI redesign and addition of in wallet metrics

Since you're already working on the code, can you add a changeable data directory to make it easier for those who wish to run the wallet/vault on IoT devices?

shintosai

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Activity: 756

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Quote from: elambert on July 24, 2017, 10:55:24 AM

Stage 1 of CBX 2017 Road-map update:

Coding for the hardfork to implement BPNs is almost complete (75%) and will soon begin internal testing. Next steps after completion will be as follows:
•   Auto bootstrap load / trouble shooting tool integration into Vault build
•   QR support
•   GUI redesign and addition of in wallet metrics

wow good thing that i visit this thread again for me to understand how serious the dev team to keep this coin alive, thanks for giving such a great update if you have some write ups about this from your reddit it would also help to spread the news about this updates coming out from this coin project, more to
come dev team keep it up.

elambert

legendary

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Stage 1 of CBX 2017 Road-map update:

Coding for the hardfork to implement BPNs is almost complete (75%) and will soon begin internal testing. Next steps after completion will be as follows:
•   Auto bootstrap load / trouble shooting tool integration into Vault build
•   QR support
•   GUI redesign and addition of in wallet metrics

cryptobullion.io

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Activity: 152

Merit: 112

Official CBX bootstrap updated to today. Download from the OP here or website if you need it.

Also, we are still looking for donation for CBX Dev fund, see below:

Donate to the CBX Foundation Development Fund:

One critical piece of the outlined 2017 road-map is to put in place a self funding mechanism for continued development. The current plan is to create a 10k superblock at the time of the hardfork occurring in August/September to be used for a dev operated BPN from which interest earnings would fuel ongoing CBX development, advertising, etc. However, this is not ideal as it could potentially create an issue with exchange listing policies or negative perception/issues for investors. Resultant to this, it has been suggested to create a donation address to gather these funds from the community. In response to this suggestion the below address has been created to accept donations. The goal is 10k CBX. We will report periodically on progress towards the goal.

CBX Donation Address: 5jMKPEvPoHN4UNQEyEh9n84ZPdaQBMzfuZ

the.vlado

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Quote from: elambert on July 20, 2017, 05:57:10 PM

Quote from: the.vlado on July 20, 2017, 05:16:22 PM

Hi all,

Does anyone know for how long is CBX withdrawal unavailable from YoBit?
And will it be enabled in soon future?

Thanks!

I don't trade there but as far as I have heard withdrawals have been offl for a while now. Per others on this thread yobit sounds uninterested in fixing or addressing the issue. Cryptopia is your best bet for purchase and withdrawal at this point.

Feel free to submit a support ticket to them about the issue.

I will.

Thank you for the reply!

VonSpass

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Quote from: vikingchild on July 21, 2017, 12:50:38 AM

What is the PoSP algorithm? I am not entirely sure that I perfectly understand this correctly. This one is actually new to me and I thought that I already knew quite a bit about crypto lol, well I do guess not then Tongue

. Always time to learn something new I guess.

There is a lot of info that was published online, for more detail, but the main idea of PoSP is to have a scarce and low inflation currency while at the same time offering high rewards for staking.

This is acheived by rewarding only the Vaults (wallets) who are staking their coin; people who leave coin at exchanges or close their Vaults forfeit their rewards for someone else.

So, instead of having to buy expensive mining equipment that quickly becomes obsolete, all you need is to buy the actual coin; the more CBX you have in your Vault while staking, the better your staking rewards will be.

At this moment, with only 20% of all CBX participating in staking, your yearly percentage gain is around 10%.

10% reward in a 2% inflation coin - that's PoSP

zava77

newbie

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1000 CBX per BPN is good Wink

vikingchild

full member

Activity: 224

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What is the PoSP algorithm? I am not entirely sure that I perfectly understand this correctly. This one is actually new to me and I thought that I already knew quite a bit about crypto lol, well I do guess not then Tongue

. Always time to learn something new I guess.

JOAC

full member

Activity: 159

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By the way, at the current BTC price..CBX is over 1 usd..each...On Cryptopia.....You guys are rockin!!!

VonSpass

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Quote from: eddietheboss on July 20, 2017, 11:26:22 PM

(...) with an higher requirement of CBX for run a BPNs, probably 1000/2000 will do the trick.

I have to say, I agree with you on that point! Not too worried about 100-200+ nodes running the network, I think it's enough.

But let's allow the poll to run it's course and see what the results are...

eddietheboss

newbie

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Quote from: VonSpass on July 20, 2017, 11:12:47 AM

Quote from: eddietheboss on July 20, 2017, 12:44:18 AM

Thank you for the clarification.
But still have a question, saying that a maximum of 250k CBX could be allocated into BPNs means that if at one point all the the 250k are full even someone that will buy enough CBX for run a master node (2000, 1000, 500 or 250) will not be able to do so.
Don't you think that this is a disincentive to who will be willing to accumulate CBX even at higher price?

Given CBX's historic levels of participation since PoSP was introduced, and the theoretical amount of lost coin, I highly doubt that the BPN participation among the market will reach full levels quickly.

https://chainz.cryptoid.info/cbx/#!extraction

As CBX's price goes up, and more people take note of CBX, then a new equilibrium will form with more BPNs; but that's down the line.

I kind of doubt that, from what I see even now there is an 18% staking and have the feeling that most of the people staking now already has enough CBX for run a masternode so they will.

If you add all the people that have CBX sitting on exchange that are not staking right now, not because they are not interested but because the current value of the coin is not an enough incentive for keep the wallet open on a PC 24h, they will probably jump on the ship if there is some nice price movement or the reward for staking will increase with the masternode.

On the other side I see your point and probably with a nice price movement many long time CBX holder will take profit, and due to the higher price it will be more difficult to accumulate enough CBX for run a masternode, but in my opinion this solution could work only with an higher requirement of CBX for run a BPNs, probably 1000/2000 will do the trick.

m33

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Never invest with borrowed coins

Quote from: Big Naturals on July 20, 2017, 10:00:56 PM

Quote from: elambert on July 20, 2017, 09:32:06 AM

Quote from: eddietheboss on July 20, 2017, 12:44:18 AM

Thank you for the clarification.
But still have a question, saying that a maximum of 250k CBX could be allocated into BPNs means that if at one point all the the 250k are full even someone that will buy enough CBX for run a master node (2000, 1000, 500 or 250) will not be able to do so.
Don't you think that this is a disincentive to who will be willing to accumulate CBX even at higher price?

The Crypto Bullion concept is unlike the inflationary fiat system, and this is intentional. We operate within scarce conditions of coin generation with our currently less than 1 million coins and a low 2% annual inflation rate. BPNs will operate similarly (without a limitless supply). If all BPN spots are full, investors will still have the option to stake via PoSP or to enter into the queue to secure a BPN once one becomes available. As the price goes up we will naturally experience BPN owners that are willing to sell their spots to those offering to pay a higher coin cost, so in my view this is a self correcting problem.

If down the road we identify this as an issue, we will review alternative options via our self-governance function and achieve a consensus solution.

Let's assume the BPN amount is 2k, and I have 3k in my wallet, would that mean 2k would stake at the BPN rate and 1k at the regular rate, or would all of my 3k stake at the BPN rate?

If I had enough CBX to run 2 BPN will I need to run two separate wallets on 2 PC's, or could I run them on the same PC?

Good question, I like to get answers for this issue also as I too have odd numbers

Big Naturals

sr. member

Activity: 756

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Quote from: elambert on July 20, 2017, 09:32:06 AM

Quote from: eddietheboss on July 20, 2017, 12:44:18 AM

Thank you for the clarification.
But still have a question, saying that a maximum of 250k CBX could be allocated into BPNs means that if at one point all the the 250k are full even someone that will buy enough CBX for run a master node (2000, 1000, 500 or 250) will not be able to do so.
Don't you think that this is a disincentive to who will be willing to accumulate CBX even at higher price?

The Crypto Bullion concept is unlike the inflationary fiat system, and this is intentional. We operate within scarce conditions of coin generation with our currently less than 1 million coins and a low 2% annual inflation rate. BPNs will operate similarly (without a limitless supply). If all BPN spots are full, investors will still have the option to stake via PoSP or to enter into the queue to secure a BPN once one becomes available. As the price goes up we will naturally experience BPN owners that are willing to sell their spots to those offering to pay a higher coin cost, so in my view this is a self correcting problem.

If down the road we identify this as an issue, we will review alternative options via our self-governance function and achieve a consensus solution.

Let's assume the BPN amount is 2k, and I have 3k in my wallet, would that mean 2k would stake at the BPN rate and 1k at the regular rate, or would all of my 3k stake at the BPN rate?

If I had enough CBX to run 2 BPN will I need to run two separate wallets on 2 PC's, or could I run them on the same PC?

elambert

legendary

Activity: 1696

Merit: 1008

Quote from: the.vlado on July 20, 2017, 05:16:22 PM

Hi all,

Does anyone know for how long is CBX withdrawal unavailable from YoBit?
And will it be enabled in soon future?

Thanks!

I don't trade there but as far as I have heard withdrawals have been offl for a while now. Per others on this thread yobit sounds uninterested in fixing or addressing the issue. Cryptopia is your best bet for purchase and withdrawal at this point.

Feel free to submit a support ticket to them about the issue.

the.vlado

full member

Activity: 271

Merit: 101

Hi all,

Does anyone know for how long is CBX withdrawal unavailable from YoBit?
And will it be enabled in soon future?

Thanks!

BTCat

legendary

Activity: 1960

Merit: 1010

Quote from: edgar on July 20, 2017, 08:48:56 AM

the non-synchronization thereof

I've had a syncing problem few weeks ago. I repaired it with the repairtool that is offered in the OP of this thread.
With the tool you can download and apply the bootstrap at once. The second option repaired it for me which is rescanning the blocks.
After that it should work. If you still miss transactions you can use the 'repairwallet' option in debug window.

VonSpass

legendary

Activity: 894

Merit: 1064

Quote from: eddietheboss on July 20, 2017, 12:44:18 AM

Thank you for the clarification.
But still have a question, saying that a maximum of 250k CBX could be allocated into BPNs means that if at one point all the the 250k are full even someone that will buy enough CBX for run a master node (2000, 1000, 500 or 250) will not be able to do so.
Don't you think that this is a disincentive to who will be willing to accumulate CBX even at higher price?

Given CBX's historic levels of participation since PoSP was introduced, and the theoretical amount of lost coin, I highly doubt that the BPN participation among the market will reach full levels quickly.

https://chainz.cryptoid.info/cbx/#!extraction

As CBX's price goes up, and more people take note of CBX, then a new equilibrium will form with more BPNs; but that's down the line.

elambert

legendary

Activity: 1696

Merit: 1008

Quote from: eddietheboss on July 20, 2017, 12:44:18 AM

Thank you for the clarification.
But still have a question, saying that a maximum of 250k CBX could be allocated into BPNs means that if at one point all the the 250k are full even someone that will buy enough CBX for run a master node (2000, 1000, 500 or 250) will not be able to do so.
Don't you think that this is a disincentive to who will be willing to accumulate CBX even at higher price?

The Crypto Bullion concept is unlike the inflationary fiat system, and this is intentional. We operate within scarce conditions of coin generation with our currently less than 1 million coins and a low 2% annual inflation rate. BPNs will operate similarly (without a limitless supply). If all BPN spots are full, investors will still have the option to stake via PoSP or to enter into the queue to secure a BPN once one becomes available. As the price goes up we will naturally experience BPN owners that are willing to sell their spots to those offering to pay a higher coin cost, so in my view this is a self correcting problem.

If down the road we identify this as an issue, we will review alternative options via our self-governance function and achieve a consensus solution.

elambert

legendary

Activity: 1696

Merit: 1008

Quote from: edgar on July 20, 2017, 08:48:56 AM

the non-synchronization thereof

Ok, no problem we can get you working. Please reference the OP of this thread for download links or go to the cryptobullion.io website and follow the below steps. (I am going to assume you have no coins on your current wallet.dat since you stated you keep your coins at the exchange, however if you do, please backup your wallet.dat first so you do not lose you coins. Then delete your old CryptoBullion files so we can give you a fresh start.)

1. Download the Vault
2. Launch the Vault
3. Close the Vault
4. Download the bootstrap
5. Drag the 2 downloaded files into your CryptoBullion roaming folder and replace the existing ones (also you can reinsert your wallet.dat at this point if it was backed up)
6. Relaunch Vault
7. Allow to sync

Please let me know if further detail is needed.

edgar

legendary

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the non-synchronization thereof

Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 67. (Read 359541 times)