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Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 80. (Read 359514 times)

member
Activity: 99
Merit: 10
can anyone from the team contact Yobit ? their wallet is off for deposits / withdrawals
newbie
Activity: 17
Merit: 0
I think getting on Bittrex is needed to add value and increase awareness.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
Great discussion guys, much appreciated. As always, it is nice to see the community taking interest!

Just an fyi, the team is discussing our plans for the future internally and I have just made a proposition to them. I will share it here because the community should know what is going on as well. This is a lofty plan, so it will take a group to make it work but it is all doable. Community feedback is of course welcomed and encouraged.

Quote
Good morning guys,
I have outlined my vision for CBX below. I do not think there is anything wrong with our tech. PoSP is awesome and “ours” – this is a strong benefit. Additional to this, I still do not see the niche that CBX was designed to fill being filled with the current crop of popular coins. This niche of course is for a scarce yet interest bearing digital storage of wealth. This is a need and it takes very few speculators getting involved for the market cap to grow substantially and thereby create a snowball effect of popularity. The issue is how do we get there from where we currently are?

Here is what I envision:
1.   Address blockchain bloat. The CBX vault having run for years has created a monstrous blockchain. I suggest we restart the blockchain from 0. This would require a snapshot of all addresses and their balances which would be replicated in a genesis block of a new chain. I am not sure how the technical aspects and challenges go for this but I know other coins have done things along these lines so there is precedent that we can mimic.
2.   Complete the Pi Project – this will allow people to invest in CBX and stake without having to run the memory hoarding CBX vault on their PC. This is an enormous obstacle that is preventing adoption in my opinion. For example, I rarely if ever stake despite having a substantial amount of CBX. With a Pi device running, I would. This would boost the strength of the network and make generating new CBX that much more difficult and therefore more valuable to those earning it. On top of this, the Pi Project would allow one to manage their Lite-Vault from a PC or even cell phone allowing for day-to-day real world usage of CBX. As an extension of this project we could sell preconfigured Pi devices and even custom CBX bullion bar style pi cases. Proceeds would of course go into buy orders further strengthening CBX market position.
3.   Online staking service. Simply a service where people can send their CBX so it will be staked for them continually without any effort from them. Ideally people hold onto their own coin (that’s what crypto is about) but there will always be those that are lazy and we do not want to alienate anyone. The more users the better obviously. This staking service could expand to include other PoS coins that once they stake their profits are sold on a market in exchange for CBX so the end user gets paid in CBX rather than the coin they are staking. Mining could be incorporated in the same manner as this project grows. This would tie in nicely with Ben’s shitcoin faucet idea where one sends in coins they don’t want and receives back CBX (the selling of the old coin and purchase of the CBX is managed by the ‘faucet’.
4.   CBXchange. This may not be necessary should we get listed on some good exchanges by this point in the timeline but if not, we make our own exchange. This would pair CBX with only the top tier coins (BTC, ETH, DASH, Monero, LTC, etc – whatever that list would contain).

I would love to hear all of your feedback on this outline. If we are in agreement, I think we should move forward with creating a roadmap for internal review. Then we need to determine how long each stage would take and what resources are needed to accomplish each. I just chatted with Alex briefly and he is just now getting to the point where a heavy workload of schooling will be alleviated freeing him up to contribute. Obviously, we need to make this worthwhile to him and the more help we can get him the faster we can get things done.

Anyway, I am really excited about this plan and think it is an excellent time to launch this seeing how crypto is doing presently. We have an amazing opportunity here and working together we can make this project a massive hit.

all great ideas... however a funding and voting mechanism would be great.
a cbx exchange where fees were used to buy back and burn cbx (after running costs of course) is a great plan indeed.
this way we can create a savings and accumulation incentive and give good POS rewards.
I would scrap posp myself.
It is a great achievement for sure. However cheaper and less dev to just use pos3 latest black build. PosP does not offer enough major improvement over just building up of pos3 which most devs are working with now.

you guys have a lot of trust here since you stuck around and have always tried with this coin.
I think your exchange would do well.

The exchange would have to list the new coins or it would never take off. Lots of new coins would jump at an exchange run by cbx owners.
Trust is majorly important
legendary
Activity: 894
Merit: 1064

CBX has neither of those 'benefits', but they will prove hollow when the approaching market crash hits. CBX didn't rise, but it probably won't fall 99% like a lot of others.

While CBX's price can't go down that much, it's current market value is not satisfactory; it doesn't help it place itself in the significant coins category.
legendary
Activity: 1696
Merit: 1008
Great discussion guys, much appreciated. As always, it is nice to see the community taking interest!

Just an fyi, the team is discussing our plans for the future internally and I have just made a proposition to them. I will share it here because the community should know what is going on as well. This is a lofty plan, so it will take a group to make it work but it is all doable. Community feedback is of course welcomed and encouraged.

Quote
Good morning guys,
I have outlined my vision for CBX below. I do not think there is anything wrong with our tech. PoSP is awesome and “ours” – this is a strong benefit. Additional to this, I still do not see the niche that CBX was designed to fill being filled with the current crop of popular coins. This niche of course is for a scarce yet interest bearing digital storage of wealth. This is a need and it takes very few speculators getting involved for the market cap to grow substantially and thereby create a snowball effect of popularity. The issue is how do we get there from where we currently are?

Here is what I envision:
1.   Address blockchain bloat. The CBX vault having run for years has created a monstrous blockchain. I suggest we restart the blockchain from 0. This would require a snapshot of all addresses and their balances which would be replicated in a genesis block of a new chain. I am not sure how the technical aspects and challenges go for this but I know other coins have done things along these lines so there is precedent that we can mimic.
2.   Complete the Pi Project – this will allow people to invest in CBX and stake without having to run the memory hoarding CBX vault on their PC. This is an enormous obstacle that is preventing adoption in my opinion. For example, I rarely if ever stake despite having a substantial amount of CBX. With a Pi device running, I would. This would boost the strength of the network and make generating new CBX that much more difficult and therefore more valuable to those earning it. On top of this, the Pi Project would allow one to manage their Lite-Vault from a PC or even cell phone allowing for day-to-day real world usage of CBX. As an extension of this project we could sell preconfigured Pi devices and even custom CBX bullion bar style pi cases. Proceeds would of course go into buy orders further strengthening CBX market position.
3.   Online staking service. Simply a service where people can send their CBX so it will be staked for them continually without any effort from them. Ideally people hold onto their own coin (that’s what crypto is about) but there will always be those that are lazy and we do not want to alienate anyone. The more users the better obviously. This staking service could expand to include other PoS coins that once they stake their profits are sold on a market in exchange for CBX so the end user gets paid in CBX rather than the coin they are staking. Mining could be incorporated in the same manner as this project grows. This would tie in nicely with Ben’s shitcoin faucet idea where one sends in coins they don’t want and receives back CBX (the selling of the old coin and purchase of the CBX is managed by the ‘faucet’.
4.   CBXchange. This may not be necessary should we get listed on some good exchanges by this point in the timeline but if not, we make our own exchange. This would pair CBX with only the top tier coins (BTC, ETH, DASH, Monero, LTC, etc – whatever that list would contain).

I would love to hear all of your feedback on this outline. If we are in agreement, I think we should move forward with creating a roadmap for internal review. Then we need to determine how long each stage would take and what resources are needed to accomplish each. I just chatted with Alex briefly and he is just now getting to the point where a heavy workload of schooling will be alleviated freeing him up to contribute. Obviously, we need to make this worthwhile to him and the more help we can get him the faster we can get things done.

Anyway, I am really excited about this plan and think it is an excellent time to launch this seeing how crypto is doing presently. We have an amazing opportunity here and working together we can make this project a massive hit.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
they spent to much time in the past and have a poorly advised idea of trying to create real world usage at this stage for it.

where is the real world usage for 99% of coins magnitudes higher than cbx

why would anyone in the real world choose to use cbx?

forget that put your coins into investing in code upgrades and making it attractive to tech seekers wanting the latest and greatest for now. That is what is fueling this pump.

even going masternodes, is not going to cut it now you took too long and were too slow

you will now need decentralised governance and funding mechanisms and some smart masternode type incentive to hold and accumulate and some optional anon.

the people with all the coins are not willing to put them to good use to invest in development in the coin.

set up a development pot so devs have a honey pot and incentive to come work on cbx and then have a vested interest in seeing doing well...

giving away coins for people to use on their blogs or some other waste of time is not going to be useful whilst cbx is outdated non exciting junk.

It was a fairly distributed and clean project build on that not many can say that and at once time was recognised as quite an outstanding project.

We need a dev pot of around 8-10% to attract some good devlopers.

Then get a road map out asap.

legendary
Activity: 2534
Merit: 1129
I've held CBX for a long time now, and I'll continue to do so, but CBX has been left behind by the alt boom - MK under 250K USD -  and if it doesn't catch up soon it'll be dead within 4-6 months. At these levels CBX isn't even a third tier coin any more, and that's truly shocking given the proud history of this coin.

If the dev team have a doomsday plan in the bottom drawer it's time to pull it out - Masternodes, LN, segwit, sidechains etc ... whatever ... some sort of upgrade is needed asap to generate some interest and buzz around CBX (even if it's BS), otherwise it's all over guys. If CBX can't catch a wave in this market then it doesn't deserve to continue much longer.

I'll continue staking!!



Good points.

If a coin cannot boom in this environment, it will never boom.

I would add :

Lots of dead projects have markets caps in the multimillions now : Why ?

1. They are on a larger exchange.

2. They have a very large number of coins in issue, making price per unit 'cheap'.

That means they catch the eye of speculators who have no idea what they are buying : Hot Money.

CBX has neither of those 'benefits', but they will prove hollow when the approaching market crash hits. CBX didn't rise, but it probably won't fall 99% like a lot of others.
hero member
Activity: 544
Merit: 500
I've held CBX for a long time now, and I'll continue to do so, but CBX has been left behind by the alt boom - MK under 250K USD -  and if it doesn't catch up soon it'll be dead within 4-6 months. At these levels CBX isn't even a third tier coin any more, and that's truly shocking given the proud history of this coin.

If the dev team have a doomsday plan in the bottom drawer it's time to pull it out - Masternodes, LN, segwit, sidechains etc ... whatever ... some sort of upgrade is needed asap to generate some interest and buzz around CBX (even if it's BS), otherwise it's all over guys. If CBX can't catch a wave in this market then it doesn't deserve to continue much longer.

I'll continue staking!!

legendary
Activity: 894
Merit: 1064
Hi, guys. I have a problem with my wallet. It is not staking for a long time, since the beginning of may. Is it normal?


CBX is one of the first wave of altcoins, its long history means the blockchain has become a bit heavy: CBX cannot sync alone, you need to download and install the bootstrap.

http://node.alex4j.cryptobullion.io/bootstrap.zip
newbie
Activity: 49
Merit: 0
Hi, guys. I have a problem with my wallet. It is not staking for a long time, since the beginning of may. Is it normal?
http://i63.tinypic.com/2ldc5sj.jpg

It seems your wallet is still syncing. It will stake after fully synced.
Or you can download the bootstrap to make it synced faster.
full member
Activity: 142
Merit: 100
Hi, guys. I have a problem with my wallet. It is not staking for a long time, since the beginning of may. Is it normal?
newbie
Activity: 28
Merit: 0
well.......    i lost over 500 on cryptsy......still have 1100 left.....                should i keep them ?  
any offers ?    i've always liked CBX           

a m an is like this ..that he can listen to every one but work according to his will ...
legendary
Activity: 1696
Merit: 1008
Hey Bullionaires, Join The Creative CBX Contest for Positive Momentum!

$500 reward for finding uses for CBX, in new sites and applications, paid by the CBX team.

Rules:

    Any site or app using CBX for the first time is eligible to win
    Post your site or app on the CBX forum. https://bitcointalksearch.org/topic/bullion-cbx-the-digital-precious-metal-2019-roadmap-published-951753
    The community will vote on a winner on Sept 1, 2017
    Site or App must be available to the public and be working/running by Sept 1, 2017
    $500 paid in BTC at the end

Examples of entries:

    Existing sites that accept CBX for the first time
    New CBX apps
    New sites that use CBX exclusively
    CBX YouTube videos or ads that can be shared

Feel free to post works in progress, status updates on your project, etc. on the CBX forum. The more you post on the CBX forum the more the community can get behind you and help make your project a success. Prize awarded in BTC so that the winner can buy more CBX!

**Bonus contest - every tweet or post using #500USDforCBX is an entry to win $100 worth of CBX. Winner chosen at random so the more you tweet, retweet, or post, the higher chances you have of winning.


Exciting contest, sharing to facebook now
full member
Activity: 152
Merit: 101
As a side note, the CBX market bot at Cryptopia seems to have been turned off.



Who was running  the CBX market bot ?
full member
Activity: 152
Merit: 101
Hey Bullionaires, Join The Creative CBX Contest for Positive Momentum!

$500 reward for finding uses for CBX, in new sites and applications, paid by the CBX team.



Great! I hope that I will win Smiley
legendary
Activity: 894
Merit: 1064
Finding an actual purpose for CBX is key. This contest will motivate people to come up with what will give CBX a real value...
legendary
Activity: 1397
Merit: 1022
Hey Bullionaires, Join The Creative CBX Contest for Positive Momentum!

$500 reward for finding uses for CBX, in new sites and applications.

Rules:

    Any site or app using CBX for the first time is eligible to win
    Post your site or app on the CBX forum. https://bitcointalksearch.org/topic/bullion-cbx-the-digital-precious-metal-2019-roadmap-published-951753
    The community will vote on a winner on Sept 1, 2017
    Site or App must be available to the public and be working/running by Sept 1, 2017
    $500 paid in BTC at the end

Examples of entries:

    Existing sites that accept CBX for the first time
    New CBX apps
    New sites that use CBX exclusively
    CBX YouTube videos or ads that can be shared

Feel free to post works in progress, status updates on your project, etc. on the CBX forum. The more you post on the CBX forum the more the community can get behind you and help make your project a success. Prize awarded in BTC so that the winner can buy more CBX!

**Bonus contest - every tweet or post using #500USDforCBX is an entry to win $100 worth of CBX. Winner chosen at random so the more you tweet, retweet, or post, the higher chances you have of winning.


This should be fun! Great job!

As a side note, the CBX market bot at Cryptopia seems to have been turned off. The average daily trading in BTC ranged between 1-2 BTC per day (bot) until recently. Now the daily volume is less than 0.01 BTC per day. Not that false trading via bots is good, but the mirage certainly looks better than current trading levels.

One measure to see effectiveness of the new campaign will be watching trading volume.
legendary
Activity: 894
Merit: 1064
Hey Bullionaires, Join The Creative CBX Contest for Positive Momentum!

$500 reward for finding uses for CBX, in new sites and applications, paid by the CBX team.

Rules:

    Any site or app using CBX for the first time is eligible to win
    Post your site or app on the CBX forum. https://bitcointalksearch.org/topic/bullion-cbx-the-digital-precious-metal-2019-roadmap-published-951753
    The community will vote on a winner on Sept 1, 2017
    Site or App must be available to the public and be working/running by Sept 1, 2017
    $500 paid in BTC at the end

Examples of entries:

    Existing sites that accept CBX for the first time
    New CBX apps
    New sites that use CBX exclusively
    CBX YouTube videos or ads that can be shared

Feel free to post works in progress, status updates on your project, etc. on the CBX forum. The more you post on the CBX forum the more the community can get behind you and help make your project a success. Prize awarded in BTC so that the winner can buy more CBX!

**Bonus contest - every tweet or post using #500USDforCBX is an entry to win $100 worth of CBX. Winner chosen at random so the more you tweet, retweet, or post, the higher chances you have of winning.
legendary
Activity: 1672
Merit: 1010
Just so everyone is clear, once the Cryptsy case is closed, they will be disbursing an equitable settlement from the funds they liquidated back to investors who lost value. Any CBX holder who lost coins who submitted a claim on http://www.cryptsysettlement.com/ will get whatever money the receivers were able to get back from the assets they liquidated - most likely in USD. Our group helped facilitate the liquidation and will allow those who lost money to get something back sooner. When you get your money, you should be able to buy CBX. The coins we purchased are legally ours, we didn't steal them from anyone and we don't owe anyone anything. We are currently working on tech developments, marketing plans, and generating ideas to make CBX sustainable and raise the price. We are not interested in a pump and dump - the price will rise on its own simply by the innovations that are about to roll out. We have a 5-10 year investment horizon on CBX so don't expect anything crazy to happen all at once, but this is a spectacular time to buy that's for sure.

If others with big ideas want to fund their own innovations and do something to help the coin that is fantastic. We don't mind suggestions at all, but we have a strategy in place and CBX will benefit greatly from these. Giving away a third of our investment is certainly not part of our strategy however.

Thanks for joining CBX, looking forward to seeing what you can bring.  Smiley



full member
Activity: 294
Merit: 101
masternodes is so fucking bullshit and is such a fad.

just because DASH scam did that doesn't mean that you guys have to do it as well.



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