Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 71. (Read 359514 times)

Happy to see the volume arrived on CBX.
The sales order book is weak.
Hurry up, if you want to stock up  CBX to have a masternode.

Nice work guys! Good to see the website (www.cryptobullion.io) is being updated! 

 

No special rules. Will just be 10k worth of BPNs.

- thanks very much for the prompt answer, guess I will be buying more!

One more question... will the developer fund "supernode" be essentially BPN * "x" where x is 10k/CBX required for supernode
... ie. just one or several "normal" BPN....  or will it have special rules?

Thanks

its been a while and i also been away from this promising project which been battle for sometime and im glad to see it moving forward again.
I'll try to update my wallet i guess i have some cbx from that wallet maybe days will come and it will really rallying up till the value of the
desire before, more updates to come guys.

Thanks for the reply. I will give it a go later today and see how it goes.
Great job in bringing it back to life.

Thank you for bringing this up. We had a community vote to discuss the options for funding ongoing development and the decision was made thru voting to create a 10k superblock that would be used for dev operated BPN(s) from which only the interest earnings would be used to fuel development, advertising, etc. This would insure continued development as long as CBX has a value. After the vote we opted to attempt a try at avoiding the superblock idea by trying to gather 10k CBX from community donations. Please see below for details. Note, we gathered 21% of the goal the first night but nothing since. Our group of investors funding the present road-map that will get us to the point of self-sufficiency have verbally committed to donating 5k CBX to this fund so after that occurs we will be to 71% of the target. Almost there!





CBX Donation Address: 5jMKPEvPoHN4UNQEyEh9n84ZPdaQBMzfuZ

No, just update to the latest Vault and sync. Use of the bootstrap or troubleshooting tool from the OP is suggested to minimize sync process.

Been away for a while, but still got some CBX from the past.
Do I have to swap  the old coins?

Great feedback, thank you FR


Yes and yes





Also, the 2017 road-map has been added to the website and some updates are being made. This process will be ongoing process as the new projects roll out. Community review of the text, links, etc is welcomed and appreciated.

I cannot see the voting results regarding collateral for a masternode.  Can someone tell me?

Also like other coins that use masternodes, it might make sense for a small % of the income they produce to go to the developers.  Creates a nice positive feedback loop, where the coins are locked up (reducing available supply), devs get $ that can be used to implement more features, helping to drive demand for the coin.

If I had a vote I would vote either 500 or 1k for collateral, at least right now.  Perhaps the collateral could change as supply increases.  But it is best to have a robust network of nodes to ensure the security of the chain.  Dash collateral is 1k and they have 7.4 million coins.  With less than 1 million coins 1k collateral seems quite reasonable.

Can you run more than one node per computer?
Can you run a node on a Mac?
Thanks

Master nodes should be exactly that, individuals with large holdings locking their funds away and being rewarded for their sacrifice, we don't need 500 master-nodes on the network, we need enough to ensure that no one multi-node bag holder can have a monopoly over all others for any significant sequence of blocks. If you don't have enough for a master-node then just stake your coins, if you do have enough then either hold and sell when the price is right or lock them away for a monthly return.

I voted for 10k in the poll which is wayy more then I own - i'm never going to run a master node - I am going to stake when ever I have the opportunity and be grateful for the income.

Running a master node should not be the defacto node type on the network, hundreds of active stakers should be imo

FR

If it's 500 i can run one on my server alone for a year and more

If it's 1000 i will ask if someone want to invest 500cbx with me locked for a year in my server paid by me and share 50/50 of cbx at the end or continue to another year.

If it's 2000 i will ask if 3 people would like to invest 500cbx with me locked for a year in my server paid by me and share 1/4 of cbx at the end or continue to another year.

If i cant run as masternode because too high and dont find 1 to 3 peoples to invest with me ( eg: dont trust me ), i will run as PoSP like i am but with lose ( server cost ) if price dont rise.


I love how Dash masternodes run (required time, minimum downtime, %per block to masternodes, no limit of masternodes) but i will be ok with the CBX BPN white paper


PS: For now (with 500cbx in one transaction, i win 1 block each 4 to 5 hours)

This is why I bring this topic up for discussion. The poll is for community input and we may run another one with the evolved discussion unfolding.


Anything is possible and I like the idea. However, this would have to be evaluated at the conclusion of this road-map (end of 2017) along with our other ideas and looked into further at that time. Right now we feel confident that accomplishing the road-map will put us in a position where market price and rewards from dev BPN will be able to fund ongoing development. So we want to stick as close to the outlined path and schedule as possible.

Remember, this 4 year project has evolved and will continue to do so. This space (cryptos) is full of development and collaboration with its open source approach.  Improvements will continue.

Lisk and all the tokens based on the awful DPoS algo have each exactly 101 nodes or "elected Delegates", and their respective networks are doing fine.  The BPN system proposed here will allow also for regular nodes to form blocks, not just BPN's, so I think 125 BPNs is enough, since orchestrating a theoretical DDoS attack on active BPN's would still not shutdown the network.

I don't think many understood it like this so we need to create a new poll now. You cant possibly only have 125 BPN's thats not enough...even 500 is not really that many.

Would it be possible (I know asking things like this with zero knowledge of how to design or code it is often pointless) to rather have tiered pos levels.

The tiers would depend on amount of cbx held and duration they have been held for.
I have asked this on pos3 coins and been told that there is no easy way to implement this because the duration held for is impossible to work off for some reason?

In writing the white paper for the BPN implementation, I have been back and forth with the team regarding the current voting poll (cost for a BPN). Yes, a BPN should be an investment and the earning potential will justify the investment, however this is not the only consideration. I bring this point up because the 2k CBX option is presently leading.

The issue I have with this is that in order for us to maintain PoSP and implement BPN, we must split the network coins so we can allow different interest earnings percentages for each function (BPNs should earn more as they provide more services to the network).

Essentially this means splitting the 1 million total CBX into halves of 500k CBX each. One half would be used for PoSP at 1% annual inflation (interest earnings projected from this would be in the 3-6% annual range). The other half for BPN would be at 3% annual inflation so the two would balance out to our 2% inflationary target.

Additionally to make BPN operation more lucrative, we will limit the total number of BPNs to max out at 250k CBX (1/4 of the network). This means that if all of the BPN slots are filled, the absolute minimum interest earnings would be 6% per year. Going off of our PoSP history, we can extrapolate that the return will actually be 3-6 times higher than the inflationary rate from the BPN half therefore rewarding in the projected range of 9-18% yearly for BPN operators.

So with this outlined we come back to the current survey. If we set a BPN cost at 2k CBX, then the maximum number of nodes we can have on the network would be 125. If however we set BPN cost at 500 CBX, then we can have a maximum of 500 BPN on the network and better decentralization.

Feel free to provide any input you want heard from the team regarding this subject.

ah ok thanks... will have to stop lurking and post more!

When you would have posted 30 messages