Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published - page 95. (Read 359514 times)

So VonSpass has stated that spk can't move forward , till 124k Cbx is resolved , we can't burn ! So what the hell can be done . Are we to sit and wait till crap shit is over , could well be crypto 4.0 by than . Time is money . Could some come up with a better idea .

I'm not sure who's in charge of the blockchain explorer at Cryptoid  (maybe we all are ), but it will expire soon: https://chainz.cryptoid.info/payments.log.dws?cbx.

I do not prefer to see others benefit from my stolen coins, even though I may like the community.

And I do agree that cbx must watch out to not get hunted by the receiver either so perhaps this is only possible by finding agreement with the receiver.
For them those 124,000 CBX may be of little to no value.

Thanks Digit for your overview, it looks as investigation can bring us a lot of information in case we need it.

The options I suggest may not be cared for by people that haven't lost anything. But it's not just for a chance to get my own coins back but to repair the community
and the trust of the many people that did lose them. CBX needs their fans back and repair the underlying issues of why the price has gone down and why there's so little interest
to trade them. CBX is currently not in the race to be seen as a serious cryptocurrency and that saddens me.

For me option 2 and 3 are a no-go and option 1 does not help us in any way either. I won't vote on the poll.

digit is correct , destroying the coins is a bad idea.

The Lawsuit against cryptsy is a Class Action, which means the Lawyers are going to be the ones to get rich.

You destroy those coins and the class action attorneys can say you deprived their clients.
In other words , it gives the attorneys cause to go after you , if they so choose.
Just recently the asshat attorneys are going after coinbase , in reference to the cryptsy case.

Destroying those coins won't be a smart move, it will be a dumb move.
But hey, if you do destroy them , I will get some popcorn.


 

Smart Action > Inaction

that has always been my motto.

I have voted to destroy the stolen CBX, and increase interest/inflation to match what would have been today's market offer in one year, still with PoSP parameters. This could save CBX, IMO.

Nice initiative!

The coins should be left alone, invalidating them goes against the spirit of cryptocurrencies and blockchain.  They belong to the class action now as part of everything else they seized, and the owners who registered as claimants would receiving a part of that regardless of whatever individual altcoins they had held on Cryptsy. 

There is no need to destroy and then make up for lost CBX as any sell off into markets will redistribute the CBX just. i would expect it would conducted in a similar manner to the US Marshall auctions of Silk Road Bitcoins, so there is no threat of a surprise dump, if anything it will help the market as those that interested in acquiring a significant amount of CBX at that time will be able to do so, or prepare their orders in the markets.

as i posted a while back this is the main cryptsy wallet, if you ever had a deposit address with Cryptsy it highly likely it will be in here
https://chainz.cryptoid.info/cbx/wallet.dws?2930.htm - Cryptsy(scam) - 15.655377 CBX, 9049 known addresses

here are other known addresses that i was hoping would have been tagged by now on Cryptoid

https://chainz.cryptoid.info/cbx/address.dws?124197.htm - Cryptsy Class Action Receiver - 124,649.167564 CBX (unmoved since receiver took ownership of them, coins swept from 2930)

https://chainz.cryptoid.info/cbx/wallet.dws?107709.htm - Banx.io (closed) - 0.0 CBX, 55 known addresses
https://chainz.cryptoid.info/cbx/wallet.dws?123705.htm - Cryptomic (closed)  8.553224 CBX, 12 known addresses
https://chainz.cryptoid.info/cbx/wallet.dws?8245.htm - CoinEX (scam) - 339.165943 CBX 953 known addresses
https://chainz.cryptoid.info/cbx/wallet.dws?95022.htm - Crypto-Trade (closed) - 197.290188 CBX, 36 known addresses
https://chainz.cryptoid.info/cbx/wallet.dws?65213.htm - Coins-E - (scam) 12,675.897554 CBX, 221 known addresses

https://chainz.cryptoid.info/cbx/wallet.dws?94382.htm -Old CBX Foundation wallet - 503.358041 CBX, 52 known addresses
https://chainz.cryptoid.info/cbx/wallet.dws?125039.htm - Current CBX Foundation wallet - 28,217.735193 CBX (down from 90,000 swept into here earlier in the year, later 60,000 appears to have moved to the SPK ICO, comments from SPK devs about this? ), 1 known address
https://chainz.cryptoid.info/cbx/wallet.dws?129033.htm - SPK Quintessence dev fund - 186,866.538076 CBX
https://chainz.cryptoid.info/cbx/wallet.dws?127822.htm -  SPK Quintessence ICO escrow wallet - 0.0CBX (moved to the devs wallet after ICO completed, about 1 third of the CBX received came from previously tagged foundation addresses)
   
https://chainz.cryptoid.info/cbx/wallet.dws?98254.htm - Yobit 5,003.39733 CBX -  519 known addresses
https://chainz.cryptoid.info/cbx/wallet.dws?98857.htm - Cryptopia 20,807.4499 CBX - 854 known addresses


Bittrex also had CBX market in the market but I have no information with which to identify their wallet (requires a few different users who have deposited or withdrawn CBX from there)
Some screenshots from Cryptoid
Largest by Address count
Largest by Net worth

The third solution could boost CBX.
CBX would compete with the inflationary development phase of Spark.

However  you must be sure that crypsy will never return the coins, and that there is really no way to find the propiaitaire of the coins so as not to harm anyone.

The rightfull owner will be the one that purchases them through the auction of assets.
Even though the CBX wallet was not stolen from, they are seen as cryptsy assets that are part of the lawsuit. So after they are sold the value will be paid to the cryptsy claimants.
If they are deemed invalid by the CBX network ofcourse they will lose its value.

If people that have lost their CBX balance could be given opportunity to come forward with some proof of balance and that they were involved in trades at that time, we could reclaim and distribute accordingly.

If you speak about 'a more fair currency' then this should be done for the people that lost, to win back the trust of all the members that were involved with cbx in the first 3 years. I think this situation has lost a lot of members that were previously around and we all had trust in CBX to be rock-solid and robuust. We should get rid of the looming shadow somehow, at least I would be motivated again to step up the game again and do some actual work on the web to promote and find more ways to market.  

1. Destroy cryptsycoins
2. Create a superblock of same value
3. distribute to people that make a viable claim.

If anything remains they can be used for developments and promotions.

I don't mind if this can be added as an option in the poll.

Please vote then, this is an excellent point. Is Cryptsy intending to return them to their rightful owners? This would be critical info...

The coins officially belong to the claimants of cryptsy. I don't think it's right to just destroy them even though it represents a relatively small value.

We have added a poll to let the community vote on potential next steps. Thank you.

I have discussed this with Alex and there is no way to do this without the Cryptsy database. If you can provide that, then we can look into this.

All we can do at this point is try to rectify this situation as best we can with the tools we have at hand. So we either do nothing and let the theft run its course as has been our tact to this point or come up with workable alternatives for the community to come to a consensus.

I am sorry for you loss BTCat

I think it's the only way to really repair the damage to the cbx community. A big part of CBX people used cryptsy. I do have screenshots but don't know how others could be traced properly.

Ouch! Sorry to hear that BTCat

How would you propose doing this? One would literally have to track through the history of all the coins in the Cryptsy wallet to determine what the last address was prior to shipment into Cryptsy. As all addresses and owners are anonymous, how would one be able to determine which previous addresses were still Cryptsy and which were the last non-Cryptsy ones? It is a very interesting idea though...

Why not invent a way to give back the coins to original stakeholders. I've lost over 20,000 CBX for example.

Yes, good point about block reward but even though its a smaller number, it would still be the same amount with regard to the percentage of the overall supply so really a non-issue.

If we took this path, another option to consider would be to boost the PoSP reward for a set period (1 year for example) so that the CBX removed from circulation are restored via PoSP distribution. So after the 1 year we would be back to where we are now before the burn of stolen funds at which point we could reduce the reward back to the current level.

This would be an interesting solution to the issue of the stolen CBX and would at the same time highlight CBX as people are made aware of the 1 year of higher interest...

Lets continue the discussion here and brainstorm some to create a few options for a new survey to determine a consensus strategy/plan.

I am helping them when they have integration question or transition question.
Some updates are planned, but I don't know what do you mean by bring back hype ? Maybe a super-fancy-update-of-the-death, I don't know, if community suggest a good update yeah why not.
We planned a cloud staking system for CBX, tools to fix troubleshootings, etc... I don't know if it's hype or not, but it's needed and wanted by our community and actually it's what it cares the most.
But we do not ask you, you are just posting random agression and bad words on all topics of BCT in order to have a better activity. "shit" is the word you used the most i think with this account. Go on other troll topic to get a better BCT rank, not here please. (don't take time to answer to my message please, the proof is in your history of forum message, no need to start a debate, I won't answer).


Yes we could burn it, but it will lead to less block reward

I copy a post from the spark page.

VonSpass

3) CBX has the threat of 124000 CBX being dumped on the market looming, because of the Cryptsy fiasco - until this is resolved there is no way we can integrate CBX.

m33

Number 3 , simply make vote on it to burn or not to burn , god knows when that will be solve , it's already lost .

I do not know if this is possible.
Personally thanks to the advice of elambert  I left the majority of my cbx are my wallet.
It should remain me only between 200 and 300 cbx on crypsy.
If I can not retrieve them I prefer they are burnt

Dude its right there. He told u hes not involved with PSB team and factually has no time to pay attention to what they do and how they carry out transition from cbx to bullshit 2.0. What he does is sort out questions. If u ask me both CBX and its 2.0 successor, both are crap.