Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 93. (Read 359514 times)

Yes, that is an idea.

Even better to try and distribute to non-holders, or other developers. Thinking about those who might be active in the community rather than passive holders.

I agree with Majormax The problem of cbx is the lack of active user.
A solution could be to distribute the 124k for free.
Not to favor whales.
Distribute fairly 10,000 CBX per month for one year to all those who win at least one block in staking.

Automated blockchain bootstrap loader very good idea for newbie. thanks alex

Alex4J has developed a new trouble shooting tool for CBX. This tool includes an automated blockchain bootstrap loader. Download the file, drop it in the folder with your CBXqt.exe and then open and use. Enjoy!
(There are a couple spelling errors that will be fixed asap.)

CBX Trouble Shooting Tool and Auto Bootstrap Loader to eliminate historical blockchain syncing: Trouble Shooting Tool with December 24th 2016 Official Bootstrap

Well, thats understandable, and is the usual reason for the death of most alts. If a coin does not have a large number of active community members, supporting with funds as well, plus a number of good active developers, it will not survive.

I committed funds to CBX, but I would be surprised if it does survive beyond the next year. So I guess I won't be buying any more.

As regards market cap, once that gets below the top couple of hundred currencies, only a very big innovation, and a lot of active people can save a crypto currency. I dont think the 124k coins make any difference to that. Having them on offer at a cheap price may have an outside chance of attracting a new active investor with an idea, who wants a big cheap stake in a long established coin.

I'm not against doing that, I just think it's highly likely that amount of downward pressure would kill all remaining community interest. Like most here, I'm following +30 projects, and each one competes for my finite resorces of attention. There's nothing special about CBX that guarantees its continued existence from here on, its not bitcoin that has billions invested in it by millions of people. CBX has a long and proud history for sure, going back to mid 2013, but these 124k coins can easily kill it, and most of us walk away disappointed, but we still walk away. I'm a CBX supporter, but I'm already under water now, and I wouldn't buy any of these coins at any price. That's why I say the best option is start a new coin minus these toxic 124k coins.

If given a choice between a kick in the balls, and a slap in the face ... I vote for the slap

Well the day crapsy walked out the door with the data , and stop real owners from gaining access to the coins , it was stolen for me , I lost 400$ only.

Next , there is another Ico right , can we do a group buy for the 124k and use it to fund the Ico for sparks ??

It seems the real problem is that there are no willing buyers. The market price is what somebody is willing to pay.

Maybe the best alternative is for the 124k CBX to be added to the offer side of Cryptopia, and left there : at least it will then be out in the open. There is a fair chance that someone might wish to take a stake at some point.

CBX has a terrible distribution of wealth with the top 10 addresses owning over half of all coins in existence.

One solution that might work at a network level would be to reclaim those coins in a fork and evenly distribute them over all CBX addresses below the top 250 richest addresses on the chain.

This however fly's in the face of the very immutability of the block chain and to be honest I am very much against this course of action for any currency stolen or otherwise - not to mention the receiver of Cryptsy has legally purchased and above effectively amounts to theft.

I have been away for a while now, but watching from a shady corner - what has being going on with CBX recently? We have moved from an deflationary model to an inflationary model, the chains hash rate has fallen to minimal levels, we have lost the majority of our market cap and there has been very little in the way of comms updates and new software releases from the Devs apart from some sort of IPO for another coin all together?

Bitcoin is almost back to 1000USD and I feel CBX needs to get back to its roots, work on more evenly distributing the wealth on the chain, get more exchanges on board and fully concentrate on the fact that it's a rare commodity and NOT a currency - less it fall on the mountainous heap that is the pile of deal block-chain currencies out there already.

FR

If you can strike a deal with the receiver then all well and good, but most likely scenario is these 124k coins will crash CBX into oblivion. That's the issue, whoever buys those coins on the cheap can dump anytime, so who would buy at market prices today? If you buy cheap then you become the dumping whale of 2017, just when the dumping whale of 2016 emptied his bags. This is an existential crisis, 124k coins dumped cheaply kills CBX, so lets avoid death.

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Receivers-Motion-for-Authorizing-to-Liquidate-Certain-Cryptocurrencies-Secured-by-the-Receiver.pdf -- Section E interests us.

Does anyone have any more recent information at all?

'The 124,000 CBX have never been stolen. They were CLAIMED by the Cryptsy receiver to distribute it's value to victims of other coins theft.' BTCat, post above

This is pretty much what I understand from Falling Knife is the case.

Agreed. The CBX blockchain has not been compromised, it is working correctly. The receiver has a responsibilty to obtain a value for the CBX it holds, and I am sure it would look at appropriate bids. Those bids would be far below current market trading values of course, bearing in mind the quantity and illiquidity of the market.

So, just to get things started, I would be prepared to buy all the 124k at 25% of current market value.

At 2.8c  current value , 25% comes to  around 1 BTC.

Any other offers ?

"Destroy the stolen CBX on a new fork/coin"

The 124,000 CBX have never been stolen. They were CLAIMED by the Cryptsy receiver to distribute it's value to victims of other coins theft. Making them worthless is basically robbing the victims of that crime from some kind of repayment, even though it may not be so much.  

"and boost the PoSP reward for the next year so that all the lost CBX are regenerated and distributed through staking - after which point reward will be reset to current level"

With this CBX parts from it's fundamentals to have the network increase max 2% per year. First it will decrease by 12% and next it will distribute most of that 12% to the largest current holders, which are the holders of the ICO that was done to collect them. Very smart, but fair it is not. Since only a part of the community is staking you can expect the staking rewards to reach between 30% and 50%, dilluting the CBX of the people that are not staking for whatever reason.

The only way to keep CBX original, solid and more fair is to buyout the CBX that the receiver currently holds. Then nothing needs to be forked, no namechange, no 12% extra staking (which will keep pushing the price down too anyways). Why are people voting for the worst, I don't get it.
 

It may be that Von Spass has sold his soul to the devil since last we PM-ed -- who knows? but heck, I've known this crypto geek for years, and he enjoys my trust.

And: Merry and Happy to all CBX-ers.

Thanks

Check https://chainz.cryptoid.info/cbx/#!network and click in "node list" next to "/Vault:2.4.3/".

Hey guys I didn't know we have 2.4.3 now , but I can only get one connection. Is there a conf for this

Actually I'm more of accepting our mutual interaction and experience for the past year: I probably "got more" from him than he got from me.

EDIT: Redwan's speech is quite different from VonSpass's. First of all, the number of mistakes in English grammar...

Maybe he is waiting for more people to trust and scam later on. My above post was to alert you guys. You should always take necessary steps to avoid being scammed.

What if I connect VonSpass directly to Gildarts but anyway you will not call it as you seem to be more of accepting  the fact that he might have copied it. VonSpass is free to counter this in thread where I posted.

Also I striked through connection relating bitcoinuserz because his Twitter post linked to different account . Also this is something that I am still looking at. But I am confident on other alts following the proofs.

I'm sorry but I found your proof hard to follow...

Firstly I've been dealing with VonSpass for over 8 months and I can say his conduct has been spotless so far.

Secondly in what you call "proof", it seems like a chain of "probable causes": A seems to be connected to B which seems to be connected to C which seems to be connected to D... and all quite circumstancial.
Regarding VonSpass, you say he posted on a giveway thread claiming his usename was Redwan. I don't find it strange that he may just have copied someone else's post and forgot to change it to his own usename. Yet you call it proof.
On the other hand, checking this "chain of proof", it seems one of these links is bitcoinuserz, which at some later point you decided was not related (strikethrough, comment "not connected"), breaking the whole assumption.
I'm sorry, but it's very easy to cast suspicions on everyone with such circumstancial claims. Much harder is to restore back the trust the user deserved in the end.

Two users from the CBX team are alts of known scammer Gildarts.

Proof can be found here:

1) https://bitcointalksearch.org/topic/m.17261700


It is strongly recommended to avoid dealing with such user.