The sweet spot for a BPN is 2000, it gives everyone reading this TODAY a great chance of getting one (under 1k USD), so it'll lock up more coins early.
1000 is too low
5000 is too high
edit: with a CBX marketcap of 10M, a BPN would be valued at 20K USD with requirement of 2000 coins - that feels right for a coin with low supply getting inspiration from Bullion
Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 75. (Read 359514 times)
June 28, 2017, 03:58:27 AM
June 27, 2017, 11:04:44 PM
Was anniversary of the block #1 or i'm wrong ?
https://chainz.cryptoid.info/cbx/block.dws?1.htm
Is there any official anniversary birth date for CBX ?
https://chainz.cryptoid.info/cbx/block.dws?1.htm
Is there any official anniversary birth date for CBX ?
June 26, 2017, 06:12:42 PM
Just something that crossed my mind in the past few days: if we implement the superblock we voted for last week, won't we be risking being excluded from Cryptopia for "changing the blockchain"?
Out of Cryptopia, there won't be any "acceptable" exchange for us to trade at.
Out of Cryptopia, there won't be any "acceptable" exchange for us to trade at.
Cryptopia delists for reversing transactions (editing blockchain history). This is a completely different matter.
June 26, 2017, 11:50:42 AM
Just something that crossed my mind in the past few days: if we implement the superblock we voted for last week, won't we be risking being excluded from Cryptopia for "changing the blockchain"?
Out of Cryptopia, there won't be any "acceptable" exchange for us to trade at.
Out of Cryptopia, there won't be any "acceptable" exchange for us to trade at.
Cryptopia delists for reversing transactions (editing blockchain history). This is a completely different matter.
June 26, 2017, 08:53:50 AM
Just something that crossed my mind in the past few days: if we implement the superblock we voted for last week, won't we be risking being excluded from Cryptopia for "changing the blockchain"?
Out of Cryptopia, there won't be any "acceptable" exchange for us to trade at.
Out of Cryptopia, there won't be any "acceptable" exchange for us to trade at.
June 26, 2017, 03:12:50 AM
I agree with aizzaku, if you make it 10k just like the supernode, it's gonna be way out of reach for most.
That means way less followers, and everyone will, likely just avoid the coin, as most do trying to mine BTC now, everyone reaches for lower coins with lower price to trade for BTC, and unless you plan on passing BTC soon, then this will make it very unlikely to happen.
That means way less followers, and everyone will, likely just avoid the coin, as most do trying to mine BTC now, everyone reaches for lower coins with lower price to trade for BTC, and unless you plan on passing BTC soon, then this will make it very unlikely to happen.
+1
I voted for 500 CBX, but if i could change my vote, I would now agree with Caliber, makes sense...if my vote can be changed, please change it. to 1000 CBX.
June 26, 2017, 01:03:03 AM
Well, my vote is for 1,000 that makes it attainable, and a goal, therefore, I think people will shoot for that number and the sales should increase as well as the members/followers.
500 too low, will make it too easy, and not enough profit per PosP.
I believe that would work almost perfectly.
Just my opinion.
500 too low, will make it too easy, and not enough profit per PosP.
I believe that would work almost perfectly.
Just my opinion.
June 26, 2017, 01:00:01 AM
I agree with aizzaku, if you make it 10k just like the supernode, it's gonna be way out of reach for most.
That means way less followers, and everyone will, likely just avoid the coin, as most do trying to mine BTC now, everyone reaches for lower coins with lower price to trade for BTC, and unless you plan on passing BTC soon, then this will make it very unlikely to happen.
That means way less followers, and everyone will, likely just avoid the coin, as most do trying to mine BTC now, everyone reaches for lower coins with lower price to trade for BTC, and unless you plan on passing BTC soon, then this will make it very unlikely to happen.
June 25, 2017, 02:16:51 PM
I would agree about the too high or too low aspect.
Okay, here is what i had in mind, the price of 1 CBX now is lets say $1 and the lock amount is 5000 CBX. But that wouldn't be the case as time goes, the price will increase. So at a certain moment when the price is say $5 each then to use CBN with the same lock amount would be a really huge. Then even if the gains are higher putting in such initial investment would not be attractive. But if the lock amount is like 500 CBX to begin with, as the value increases and the price to run CBN would still be attractive.
Otherwise some dynamic lock amount system should be implemented which makes it worth the investment at any given time.
Being ambitious is good but CBX really has to compete with many alt coins out there.
Okay, here is what i had in mind, the price of 1 CBX now is lets say $1 and the lock amount is 5000 CBX. But that wouldn't be the case as time goes, the price will increase. So at a certain moment when the price is say $5 each then to use CBN with the same lock amount would be a really huge. Then even if the gains are higher putting in such initial investment would not be attractive. But if the lock amount is like 500 CBX to begin with, as the value increases and the price to run CBN would still be attractive.
Otherwise some dynamic lock amount system should be implemented which makes it worth the investment at any given time.
Being ambitious is good but CBX really has to compete with many alt coins out there.
June 25, 2017, 01:51:23 PM
The results of last Poll are very clearly in favor for a 10 000 CBX superblock, which will be used on a Foundation-run BPN (masternode), and all gains from it will be destined to fund future development.
Here is the next poll: what amount of CBX should be mandatorily locked by a user to setup a BPN? This question is more tricky than we can see at first glance, and it's very important. In exchange for providing network block generation and user anonymity, BPN operators get higher reward and to get this privilege they lock a certain amount of CBX for a fixed period of time. This could help the price of CBX, because it will result in less CBX in the markets which can create a situation of scarcity; if we set this locked in amount too low, people will lock in small amounts and it won't help the market, while if the agreed upon amount is too high then many potential investors will not want to immobilize such a large amount of money and will not participate.
What amount of locked in CBX seems just right, in your opinion?
Please note that these amounts can work as increments on a given node; example, if we decide on option D, 1000 CBX, then a BPN can be setup with increments of 1000 (2000, 3000, and so on).
Happy voting!
Here is the next poll: what amount of CBX should be mandatorily locked by a user to setup a BPN? This question is more tricky than we can see at first glance, and it's very important. In exchange for providing network block generation and user anonymity, BPN operators get higher reward and to get this privilege they lock a certain amount of CBX for a fixed period of time. This could help the price of CBX, because it will result in less CBX in the markets which can create a situation of scarcity; if we set this locked in amount too low, people will lock in small amounts and it won't help the market, while if the agreed upon amount is too high then many potential investors will not want to immobilize such a large amount of money and will not participate.
What amount of locked in CBX seems just right, in your opinion?
Please note that these amounts can work as increments on a given node; example, if we decide on option D, 1000 CBX, then a BPN can be setup with increments of 1000 (2000, 3000, and so on).
Happy voting!
June 24, 2017, 06:23:08 AM
Just watched CBX drop by about 50% overnight on Cryptopia? What's up?
I don't know about 50% (was 55 cents USD per CBX last night compared to 50 cents USD when I awoke this morning), but markets are volatile. I don't think it has to be a bad thing, just means that some with CBX sold to some who wanted to purchase CBX - coins exchange hands. We have laid out our road map and begun working toward completing it on the outlined time table. Some will like the direction we are going but some may not. The trend has been up so far and volume has picked up so we are certainly on the right track.
June 24, 2017, 01:01:30 AM
Just watched CBX drop by about 50% overnight on Cryptopia? What's up?
June 23, 2017, 12:19:33 PM
The superblock is so far a unanimous consensus. This is a critical portion of the 2017 plan as it will insure CBX has funding for ongoing development after completion of our present road-map. This is extremely exciting and guarantees a very bright future for CBX.
We will keep the poll up for a little bit longer and then put up a new one to gauge community input on another important decision. Next poll will most likely be to determine the amount of CBX necessary to operate a Bullion Participation Node (CBX dev team's brainchild of PoSP Masternodes).
We will keep the poll up for a little bit longer and then put up a new one to gauge community input on another important decision. Next poll will most likely be to determine the amount of CBX necessary to operate a Bullion Participation Node (CBX dev team's brainchild of PoSP Masternodes).
Going to be an exciting year!
June 22, 2017, 08:44:19 AM
The superblock is so far a unanimous consensus. This is a critical portion of the 2017 plan as it will insure CBX has funding for ongoing development after completion of our present road-map. This is extremely exciting and guarantees a very bright future for CBX.
We will keep the poll up for a little bit longer and then put up a new one to gauge community input on another important decision. Next poll will most likely be to determine the amount of CBX necessary to operate a Bullion Participation Node (CBX dev team's brainchild of PoSP Masternodes).
We will keep the poll up for a little bit longer and then put up a new one to gauge community input on another important decision. Next poll will most likely be to determine the amount of CBX necessary to operate a Bullion Participation Node (CBX dev team's brainchild of PoSP Masternodes).
June 22, 2017, 03:13:40 AM
It crash when trying to synch (and i see the txleveldb folder each time became empty), to avoid the problem i downloaded from my linux vps a fresh copy of the folder synched at the last block and copied it to my windows 10 folder.
For now, the wallet is up to date, will see in few hours.
Thanks.
Salut!
Answered here about the sync issue: https://bitcointalksearch.org/topic/m.19706006 - please try the Troubleshooting tool from the OP of this thread.
June 22, 2017, 01:54:38 AM
If we are going for a new more modern interface can we drop the hacker'y dark theme and go for something that looks clean and modern?
For example:
https://i.ytimg.com/vi/rPr_IIwToak/maxresdefault.jpg
White background, subtle watermarks and their blue theme. It's clean, elegant and looks highly professional - something an outside investor would have no concerns in about investing in...
Or, if the dark theme has to persist check out this wallets interface:
https://www.exodus.io/img/[email protected]
Black/Gold color llimited color pallette, clean font and everything is just very crisp
FR
For example:
https://i.ytimg.com/vi/rPr_IIwToak/maxresdefault.jpg
White background, subtle watermarks and their blue theme. It's clean, elegant and looks highly professional - something an outside investor would have no concerns in about investing in...
Or, if the dark theme has to persist check out this wallets interface:
https://www.exodus.io/img/[email protected]
Black/Gold color llimited color pallette, clean font and everything is just very crisp
FR
June 21, 2017, 11:55:49 PM
Thank you for answering my previous concerns, I do find it intriguing so I had myself to bag some CBX . Anyway that was a good roadmap, I hope to see them all done sooner than it was listed Great job CBX team and good luck.
Great job CBX team and good luck. June 21, 2017, 11:42:07 PM
Updated the Roadmap, added full QR-code transaction functionality, staking reward yield estimates and the Foundation self-funding effort (as discussed in the poll).
June 21, 2017, 04:36:35 PM
Thx elambert for the reply
Another question : Does anyone sucessful with the wallet on windows 10 ? my cbx wallet is always crashing after 4 to 5 hours of synching from the bootstrap
Another question : Does anyone sucessful with the wallet on windows 10 ? my cbx wallet is always crashing after 4 to 5 hours of synching from the bootstrap
I am on windows 10 and no issue here. Are you syncing and then after 4-5 hours it crashes or does it crash while trying to sync?
It crash when trying to synch (and i see the txleveldb folder each time became empty), to avoid the problem i downloaded from my linux vps a fresh copy of the folder synched at the last block and copied it to my windows 10 folder.
For now, the wallet is up to date, will see in few hours.
Thanks.
June 21, 2017, 02:57:26 PM
Guys,how big is wallet pool? How much I getting approx per stake if I send 1029 CBX to my windows wallet?
Present rate of return is 8-10% per year. So 8 CBX per month would be a conservative guesstimate.
Ok,thanks:) In vault is not visible estimated time to get reward and vault weight,thats right?
That is correct although we will have something incorporated in the next Vault release (step 1 of the road-map). In the meantime you can go to the extraction tab of the CBX explorer https://chainz.cryptoid.info/cbx/#!extraction and calculate for yourself.
Presently 25% of the network is staking the last 1000 blocks so this means that the other 75% of the network is forfeiting their potential earnings to those who are staking. So the 2% in this scenario can be multiplied by 4 to estimate an 8% yearly interest rate on those staking continuously. If you have 1000 CBX and you stake for the year and all else remains the same, you will earn 80 CBX over the course of 12 months.
Jump to: