Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 77. (Read 359514 times)

Wow, i love how quickly you answer all the questions, and very clearly, you guys have it going on. Glad I snagged some of these coins.
Great team here that really knows their product. RARE!!!

Your Vault will stake all coins in it.

How does one tell his wallet how much of the coins in the wallet to stake? Or is it always 100% of the coins in the wallet?

POSP does not favor large portfolios.
If 20% of the wallets staked. The staking yields 10%
If you have a $ 100 wallet you earn $ 0.83 per month.
If you have a $ 10,000 wallet you earn $ 83 a month.

Couple of things here:

In traditional PoS one would receive a set percentage of annual interest on their coins, let us use CBX's 2% inflation in this example. In order for one to receive this, they would only have to open their wallet periodically based on the settings - typically every 30 - 90 days, receive the payment and then close their wallet. The coins they own are doing very little to promote security or confirm transactions and they still have to compete against other wallets (days * coins equation for priority of staking order).

In PoSP this structure is changed forcing stakers to 'earn' rather than just receive. Earning PoSP interest is dependent on contributing to network security and transaction confirmations. In order to do be eligible, one must keep their Vault (wallet) running and after a period of 1 hour, they start to compete for the blocks occurring every 65 seconds. Larger wallets will win more blocks, this is true but they still have to wait 1 hour after staking and compete with the smaller wallets that are accumulating via the 'days * coins' equation - just like the traditional model. The end result here is that everyone who owns coins and stakes continuously will earn 3-6 times higher interest (6% -12% annually) then they would in the traditional model since all coins will never be participating at all times (coins at exchanges, in cold storage, lost coins, etc).

We prefer this model of rewarding those who participate in supporting the network to one that just pays an interest for owning coins.

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.


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.

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?

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?

How long does a wallet have to stay open and staking to see any gains?

by the way, it is updated.

Good deal, thanks for the update and the network support.

After the sync, it began staking successfully. Thanks again for your assistance.

This selection is the consensus leader at this point. If you have not voted and want your vote counted, please get it in asap. We have a couple other algo parameters to put to the community for voting so this one will have to close.

BTW - Financing for our development plan has been secured and we are making our road-map publication announcement imminently!

Masternode addition is good idea, but keep inflation at 2%, it's a great selling point.

You will have to sync the blockchain before your Vault starts attempting to stake your funds.

I voted 1.

Thank you for your prompt response, I appreciate it.

So, the blocks generated are lost blocks? Or, will they "come to life" once I have the entire blockchain downloaded?

Thanks for the info on downloading the bootstrap. If this happens again, I will use that method. Right now, I only have ~30k blocks left, so I'll just do it the old fashioned way.

Thanks again!

Both. Your Vault is unlocked but it will not start staking until you have synced to the current block.


No need to wait for the Vault to sync. You have 2 options to speed this process.

1. Download the files from the bootstrap download in the OP and replace them in your CryptoBullion Roaming folder. This will get your Vault synced to the date the files were copied - June 13th.

2. If you want an easier method, close your Vault, download the CBX Troubleshooting Tool via the link in the OP, place downloaded file (CBX Tool.exe) into the CryptoBullion folder containing your  Vault, double click on the CBX Tool.exe and then click on 'Download and install bootstrap' button. The tool will replace your blockchain with the updated one from the 13th and then you just have to let the last 3 days sync.

Option 2 - the CBX Tool will be included in future Vault builds rather than being a separate download so users with the next Vault version will just have to click the download and install bootstrap button from inside their Vault to sync when they are new users or users that have been away for a while.

Hi, I had not opened my wallet for over a year. When I did so, my wallet was very behind. I have been downloading the blockchain for several days now and it seems to be going fine.

The problem is that all the while, I have click the unlock vault button to unlock for staking only. It says ok and in the lower right corner, there is a red light saying vault is not staking, but next to the red light is a lock that is unlocked but says Vault is encrypted and currently unlocked for staking only.

So, my question is, which is it? I have generated numerous PoSP blocks, but when I hover over the confirmation area to the far right, it says that there are 0 of 6 confirmations and that the block was generated but not accepted.

I probably have over 100 generated blocks like that. I am running the QT wallet v. 2.4.3.0 as I thought that was the most recent version.

Please advise.

Thanks in advance for your time!

CBX with masternodes ... that's awesome news, I want a BullionNode!

The bootstrap on the OP has been updated to one that captures the blockchain to today (June 13th). Please use this one and you will sync quickly.