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Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 76. (Read 359514 times)

hero member
Activity: 835
Merit: 500
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?
legendary
Activity: 1696
Merit: 1008
Thx elambert for the reply Smiley

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 Sad

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?
sr. member
Activity: 356
Merit: 259
airdrop-pepe.art
Thx elambert for the reply Smiley

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 Sad
legendary
Activity: 1696
Merit: 1008
Nice RoadMap i love it Smiley

But is it possible to include a great/reliable exchange to buy/sell CBX ( instead of yoshit and f*ckingtopia )
Because (sorry in french) : https://bitcointalksearch.org/topic/m.19693678  Embarrassed

Unfortunately this is strictly a decision of the exchanges but we are of course all for it. I think volume and community requests combined will do the trick. However, if at the completion of this roadmap we are still not there (very difficult to believe) then creating our own exchange will be on the 2018 roadmap. It very well may he either way but we will have to prioritize projects at that point.
sr. member
Activity: 356
Merit: 259
airdrop-pepe.art
Nice RoadMap i love it Smiley

But is it possible to include a great/reliable exchange to buy/sell CBX ( instead of yoshit and f*ckingtopia )
Because (sorry in french) : https://bitcointalksearch.org/topic/m.19693678  Embarrassed
legendary
Activity: 1696
Merit: 1008
I just received the below quoted question via PM but in case others have the same query, I am going to answer it here:

Quote
Hi elambert

I would like to ask you a question regarding CBX inflation rate.

Earlier, there was mentioned that staking will receive 2% on annual basis

But at your last reply on the thread, you mentioned it will produce 8% to 10% per year


Quote from: elambert on Today at 11:05:46 AM
Quote from: sarabanda on Today at 11:00:21 AM
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.



Kindly please explain which is the right one, i just getting confuse about this.

The inflation rate of CBX is 2% per year (actually it is closer to 1.8% but 2% is the target). This 2% of the approximately 1 million CBX in existence comes out to 20k CBX generated per year. This 20k is divided in the PoSP algorithm to payout in blocks every 1 minute (about .04 CBX per block). In order to earn a PoSP block, one has to have their Vault open and staking (CBX contained become eligible after 1 hour). This results in a far higher percentage yield for participating stakers since all CBX owners are not always staking (lost CBX, cold storage, coins held at exchanges).

PoSP has been running for 1.5 years and the metrics in this time show the 8-10% yearly yield rate.

So basically we have 2 different metrics going on here that you are confusing:
Inflation = 2%
Interest earnings = 8-10% currently

I hope this clarifies.
legendary
Activity: 1696
Merit: 1008
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.
hero member
Activity: 835
Merit: 500
Guys,how big is wallet pool? How much I getting approx per stake if I send 1029 CBX to my windows wallet?
full member
Activity: 152
Merit: 101
Great roadmap
The value of a crypto is equal to the number of its users.
CBX already has a great value in relation to its community.
The team does everything to grow
Cbx to a bright future
sr. member
Activity: 490
Merit: 256
New poll posted; I know this will be a sticky point for many people since we are suggesting the creation of 10 000 CBX, so let's all decide together how we will fund further dev work, once we complete the upcoming Roadmap (this Roadmap will be posted here later today). We have found a creative way to provide ongoing financing.

We will ask for 10 000 CBX to be locked in a Foundation maintained Bullion Participation Node (BPN), or masternode. This 10 000 CBX created by superblock shall be locked in this BPN, and the network gains made from running this BPN will be used to fund future development.

As one can expect, once this new environment of masternodes is in place, adjustments, marketing and further coding and marketing will always be needed, and this is not free. What this proposed financing method guarantees is permanent funding for ongoing development; we are a small community so there are no easy choices where we just leave to others to do the heavy lifting - either we contribute by paying, or we allow CBX team to create a superblock gain that will forever be used to permanently replenish CBX Foundation's coffers for upcoming projects.

This superblock can be explained and justified by the CBX blocks that did not happen since PoSP, as you know that the CBX network has not been paying the stated 2% - actual inflation has been around 1.5% - 1.6% for a compounded 1.8% total. Now, with this hard fork we have an opportunity to leverage these "missed" CBX. Also, before CBX adopted PoSP, CBX was using a PoS algorithm where transfers cancelled some coin-age, thus resulting in the network not generating the stated 2%. With this superblock option we will finance this project while creating CBX that should have been created anyway.

Voting for options 2 or 3 is a binding oath agreement, folks. Should any of those 2 options be selected by majority, we will expect the right amount to be deposited within a period of time OR CBX team will have no choice but falling back on option 1 if people's vouches are not respected. All funds vouched and received as per options 2 and 3 would be used to purchase the 10 000 CBX needed from the exchange market - if we decide not to have the superblock.

The superblock is blowing the competition away (i.e. community financing).
full member
Activity: 152
Merit: 112
OP has been updated with 2017 road-map.
Also, broadcasted through Facebook and Twitter.
legendary
Activity: 1146
Merit: 1006

Interesting... looking forward to it. Also please consider what i sent elambert in PM.
legendary
Activity: 894
Merit: 1064
full member
Activity: 152
Merit: 101
Eager to discover the roadmap Smiley
full member
Activity: 151
Merit: 100
New poll posted; I know this will be a sticky point for many people since we are suggesting the creation of 10 000 CBX, so let's all decide together how we will fund further dev work, once we complete the upcoming Roadmap (this Roadmap will be posted here later today). We have found a creative way to provide ongoing financing.

We will ask for 10 000 CBX to be locked in a Foundation maintained Bullion Participation Node (BPN), or masternode. This 10 000 CBX created by superblock shall be locked in this BPN, and the network gains made from running this BPN will be used to fund future development.

As one can expect, once this new environment of masternodes is in place, adjustments, marketing and further coding and marketing will always be needed, and this is not free. What this proposed financing method guarantees is permanent funding for ongoing development; we are a small community so there are no easy choices where we just leave to others to do the heavy lifting - either we contribute by paying, or we allow CBX team to create a superblock gain that will forever be used to permanently replenish CBX Foundation's coffers for upcoming projects.

This superblock can be explained and justified by the CBX blocks that did not happen since PoSP, as you know that the CBX network has not been paying the stated 2% - actual inflation has been around 1.5% - 1.6% for a compounded 1.8% total. Now, with this hard fork we have an opportunity to leverage these "missed" CBX. Also, before CBX adopted PoSP, CBX was using a PoS algorithm where transfers cancelled some coin-age, thus resulting in the network not generating the stated 2%. With this superblock option we will finance this project while creating CBX that should have been created anyway.

Voting for options 2 or 3 is a binding oath agreement, folks. Should any of those 2 options be selected by majority, we will expect the right amount to be deposited within a period of time OR CBX team will have no choice but falling back on option 1 if people's vouches are not respected. All funds vouched and received as per options 2 and 3 would be used to purchase the 10 000 CBX needed from the exchange market - if we decide not to have the superblock.

I'm voting for the Superblock, CBX has been around since 2013 but still might struggle to get sufficient donations as community is small. The Superblock makes sense!
legendary
Activity: 1696
Merit: 1008
how get to $50 per cbx?


First we get to $5 per CBX - road-map projects should get us to this point at least. At that point development will be permanently funded and continue as well as incorporate more assistance (coding, advertising, etc).
legendary
Activity: 894
Merit: 1064
New poll posted; I know this will be a sticky point for many people since we are suggesting the creation of 10 000 CBX, so let's all decide together how we will fund further dev work, once we complete the upcoming Roadmap (this Roadmap will be posted here later today). We have found a creative way to provide ongoing financing.

We will ask for 10 000 CBX to be locked in a Foundation maintained Bullion Participation Node (BPN), or masternode. This 10 000 CBX created by superblock shall be locked in this BPN, and the network gains made from running this BPN will be used to fund future development.

As one can expect, once this new environment of masternodes is in place, adjustments, marketing and further coding and marketing will always be needed, and this is not free. What this proposed financing method guarantees is permanent funding for ongoing development; we are a small community so there are no easy choices where we just leave to others to do the heavy lifting - either we contribute by paying, or we allow CBX team to create a superblock gain that will forever be used to permanently replenish CBX Foundation's coffers for upcoming projects.

This superblock can be explained and justified by the CBX blocks that did not happen since PoSP, as you know that the CBX network has not been paying the stated 2% - actual inflation has been around 1.5% - 1.6% for a compounded 1.8% total. Now, with this hard fork we have an opportunity to leverage these "missed" CBX. Also, before CBX adopted PoSP, CBX was using a PoS algorithm where transfers cancelled some coin-age, thus resulting in the network not generating the stated 2%. With this superblock option we will finance this project while creating CBX that should have been created anyway.

Voting for options 2 or 3 is a binding oath agreement, folks. Should any of those 2 options be selected by majority, we will expect the right amount to be deposited within a period of time OR CBX team will have no choice but falling back on option 1 if people's vouches are not respected. All funds vouched and received as per options 2 and 3 would be used to purchase the 10 000 CBX needed from the exchange market - if we decide not to have the superblock.
hero member
Activity: 868
Merit: 1000
how get to $50 per cbx?
legendary
Activity: 894
Merit: 1064
Here are the final results from the last poll regarding inflation:

Quote
After much debating, the devs of CBX agree to innovating and implementing 'PoSP Masternodes' - Same participation idea where online participants get all rewards, thus making actual personal gain percentage much higher

Keep the current 2% inflation profile: 2.5% global reward to PoSP masternode runners (12 500 CBX yearly) and 1.5% global reward (7 500 CBX) to non masternode - 20 votes


Increase inflation slightly to 2.75%, to better entice masternode creation: 4% to masternodes (20 000 CBX yearly) and 1.5% (7 500) to non masternode - 11 votes

Increase inflation more significantly to even better reward masternode runners - 3.25%: 5% to masternodes (25 000 CBX yearly) and 1.5% (7 500) to non masternode - 4 votes

I do not want CBX to implement masternodes - 3 votes

The results are overwhelmingly clear, community still wants masternodes (or BPN's) but community does not want more inflation!

Stay tuned for next poll
member
Activity: 92
Merit: 13
so are you saying in other words, that you do not get a percentage for staking? but are in esence, competing for POS? I thought POS was like interest% not mining?

The idea about PosP is interesting but since there is competition between open wallet, those who have few coins cannot compete against those who have large stash.  I believe this only benefits those who have huge bag of CBX.  Not a small holder friendly.  It is not participation but rather competition.

Depends on how many CBX you have and how much competition is out there staking against you. After 1 hour online your CBX is eligible to stake and once you do get a block, another hour must go by before you are eligible again. How many are staking?

If they can address the issue of the competition but give an equivalent share of stake  of the coins that are not currently staking to those open wallet would be awesome.
Hello,
Interesting point, but you are wrong, CBX wallet like all coins split your stake in half if they are higher than 1k cbx.
It means biggest wallet only stake with maximum of 1k CBX.
500 CBX in a stake are completly ok and enough to stake, and it's pretty cheap nowadays, it's ~$20. It's still an amount of money, but you can stake with only 100 cbx too, it's just less common to have block but you still earn blocks very often and it's costing ~$5. So it's not a competition between big wallet, it's just an investment.
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