Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 79. (Read 359514 times)

Hey all

Master nodes may work for CBX, however I would first focus on fixing the current blockchain so it downloads / synchronises in a reasonable amount of time / at all - the bootstrap file is a nice work around but it makes everything look somewhat broken / un-managed if you have to do anything but install it and leave it to sync.

Connectivity is an issue for sure; master nodes will help here but the amount of CPU churn the wallet imparts on the hosting machine is crazy high - especially as the CBX network is currently processing a tiny fraction of the total number of transactions that it may one day be processed if CBX's profile raises considerably.

I would highly recommend:

Snapshot the current chain, hard fork, re-start the block index from zero, adapt the code base of one of the other POS coins in existence that synchronise correctly end to end (headers first certainly improved the bitcoin blockchain download) and re-implement PoSV2 on top. You will consolidate the source, gain all of the various security fixes and start fresh from a known good state.

After all that we will have a fast, efficient syncing coin - supported by master nodes that anyone can download and synchronise without additional support

FR

Looks good I voted for option 2.

If we in the future created and exchange that used the fees (after expenses) to buy back cbx and burn them we could give even greater rewards to masternodes.

More important is the funding mechanism. You want constant devs funds accumulating for dev bounties and such so many devs are able to contribute when and if.

20k cbx could be a bit high for masternodes more 10k is realistic

I like better option 2. 2.75% inflation is still low by today's altcoin standards, and people have to be rewarded well enough, if we want them to actually lock in some CBX to help the CBX network as masternode. Having the current low 1.5% - 2% yearly inflation has not helped CBX gain traction so far, because reward is so low.

Thanks VS, great stuff! I personally like option 1 but this is about the community/investors and future investors. Looking forward to putting together the white paper and working with Alex on implementation of whatever is decided. I think this will be a major attractor for CBX along with the rest of our soon to be published roadmap. Let's see how the vote plays out 🙂

Let's talk about masternodes!

I think there is something good with masternodes, more than a fad we should blindly follow.  There are many advantages to adding BPN (Bullion Participation Nodes) to CBX - an even more reliable network, adding anonymity to the network, removing many coins from trading, thus making CBX even more scarce and facilitating the creation of a reliable mobile CBX app.

I have posted a new poll, outlining how we see the possible implementations of masternodes to CBX; please select one, and perhaps voice your constructive opinion on this thread.

Essentially, CBX holders continue to gain PoSP rewards, but we open 500 000 possible CBX to masternodes, at 1000 CBX each. With option 2 as an example, we split 20 000 CBX yearly rewards between all registered BPN runners - this means that if 50 people lock in their 1000 CBX each or 50 000 CBX then the 20 000 CBX reward gets divided among those 50 - or 400 CBX each yearly for a nice 40% yield!

Large CBX holders will have the possibilitly of locking in more than one 1000 CBX sum, in 1000 CBX increments those will count as more nodes to the same owner.

All this would work in typical PoSP fashion, online BPN or non BPN get all rewards for given block, essentially adding the Participation twist to traditional masternodes.

lol, i like your enthusiasm!

The only way is UP!

484 cbx 24hr volume = 125.84 usd

 

Hello all,
Just wanted to shoot out a quick update. We are still ironing out the details but should have a new road-map published soon. Stay tuned! I hope you all will be as excited as us when you see it

BTW - if there are any out there with beneficial skill sets that would like to get involved, please PM me.

Re the voting and funding mechanisms like other coins have. Some have 10% standard block tax others have 10% that can be generated due to a vote like pivx has.

But you have to think like investors. Investors don't care pos3 or posp if there is no provable huge advantage. POS3 is the new standard code base all pos devs are working. Anyway to save money and use it for other improvements is key.

I have asked on this site many times many different people to breakdown the differences between pos3 and posp and do a chart to show the pros of each. Nobody has. You have to realise rat4 is one of the best pos devs on here and he is constantly updating pos3. That is free updates cbx would be getting. I think his latest feature he added at the request of david zimbeck allows other functionality too that is quite important. I don't recall exactly what it was but i think it allows cold staking.

The biggest thing you are on to is starting and exchange. You have trust going for you so so long as you have the tech skill to run an exchange then that is going to be the biggest boost for cbx. There are off the shelf exchanges like poswallet uses.

If all listing fees and trading fees after expenses went into buying cbx off the market and burning them then you could really device an awesome accumulation and holding scheme with great rewards without inflation.

Of course time time is the most important factor here. I would have nulled the cryptsy wallet and used the 125k coins to entice a good dev team for like over 10% of the coin as the poll here indicated the community wanted done but since that didnt happen we will have to get a funding mechanism in place else no developers are going to help out.

Hello ppl, been a Long time since we saw 15000 sats

The trouble shooting tool is the way to go -listed in the OP. This makes things stupid simple. Here is the download link.
https://mega.nz/#!WBs3HZjT!mAnYaJKjsYFVhdA8-WQ_EsvyBytiPJViHp4rI65-CVo

Or you can just grab the bootstrap also listed in OP and replace those 2 files manually in your CBX roaming folder.

Thank you for support. But how I can instal it? I can't see information about it.

Thanks for trying to help spread the news about CBX and the contest. By tweeting out our contest you are automatically entered in to win 100CBX (details here: https://bitcointalksearch.org/topic/m.19026386) however, for people with a higher clout score, we are paying 5 CBX per tweet or post. Simply reply to [email protected] with links to all of your posts and give us your CBX wallet address. We are paying out until Sept 1, 2017 when the contest ends.

Cheers!

Followed you

Please retweet our contest https://twitter.com/CryptoBullionX/status/865254812081901571

Thanks for your assistance

This has been done and does not help the issue. Yobit is the only one that can rectify this.

This would be good but this is not our decision. If you trade there, please submit request(s) to them to list CBX. Once we have enough of this occurring and volume picks up, they will list. CBX was listed there before so precedent exists.

Thank you for the feedback, as usual you bring excellent suggestions to the table. Can you elaborate on the funding and voting mechanism suggestion?

Also, I understand what you are saying regarding swapping out PoSP for something more universally used, however,  I do not think that benefit outweighs the loss of our unique innovation and portion of our differentiation.

wow cbx thread now open again and i see the dev team is trying rebuild the project., good luck

I can help you to promote CBX. That is my twitter account with 6197 followers. https://twitter.com/samantha21211  Just send me tweet text in PM.