Is there a typo on the math for the Ounce of Silver? 1 Ounce=28.349 not 28,349 with the total CBR listed as 28,394 per ounce? It also says 20 CBR per Gram, this means an ounce is 566.98 CBR just by that statement alone. There are 28.349 Grams in one ounce times 20 CBR: 1 OZ 28.349 x 20 CBR = 566.98.
If we are talking Troy ounces then the number would be 31.1034768 per ounce. But since the number on the site reflected as a standard ounce I just figured it was written wrong with a Comma instead of a Decimal Point.
What is the real breakdown and how many ounces are backed by CBR? If there are 1,000,000 CBR and 964,000 have been pre-mined then blocks 101-3611 equals 35110 CBR for a total of 999110 CBR. The rest must be POS only right? If one Gram equals 20 CBR then there should be 1762.129 Ounces of Backing. With 61.92 Ounces represented by the PoW phase. Is this correct?
If the 20CBR to 1 Gram per Silver is correct then the price of CBR must follow Silver at Spot, meaning the price can only be traded based on this number and the real cost will never exceed spot prices for silver. If people sell their CBR for less or bought for more it is only because they misunderstood the pricing.
We are talking about International avoirdupois ounce 28.349523125g ~ 1oz=28,349g.
Original plan was to split one gram per 10cbr, but the IPO it was a failure so purchase of the additional amount of silver to cover 500.000cbr is not an option. For this reason, owned by me amount of silver to cover half of the quantity of coins must cover the entire one million coins. Then the converter is 20cbr = 1gr silver. POS is 3% per year. The market price for the CBR should be reflected in the price of silver expressed in BTC
Ok I see you inflated the currency to match your buy in since the public didn't fund. So 28,349 grams per ounce at 20 cbr per gram makes 28,349 x 20= 566,980 cbr per ounce. I don't think this is right... This would mean you have put up roughly 2 ounces of silver for $15 per ounce or $30. This doesn't make any sense. But if I use a decimal instead of a comma like you use with 500.000 instead of 500,000 it starts to make a market. So how many ounces total backing and I will work it backwards I guess. That is if an ounce is around 28.349 grams and not 28,349 grams.
Example spot price per ounce= 28.349 grams per ounce equals 20 CBR per Gram or 566.98 CBR per ounce multiplied by the spot price of BitCoin in Satoshi 0.000085 per CBR. 566.98 CBR x 0.000085=0.0481933 x $320 per BitCoin = $15.421856 per ounce of Silver at Spot. This is just an example if BitCoin is higher that would change the price per ounce and Satoshi per CBR. Or if my Grams are wrong, shrugs...
What is the correct Satoshi price according to your scale? Or just tell me how many ounces total and I will use a decimal.
Wait, I do not understand where is the problem?
1oz = $ 16 market price from today
BTC price from today is $ 326
20cbr = 1g silver = (16 $ / oz / 28,349g) = 0.56 $ / g
1g silver = (0.56 / 326) = 0,00171779BTC
0.00171779 / 20 = 0,00008589BTC
and it is 1cbr market value based on the BTC
So I've download the wallet. Created the .conf file and put in the nodes. Stated the wallet but it does not sync.
cryptobancor.conf
addnode=suchpool.pw/cbr
addnode=185.18.148.41
addnode=cbr.suprnova.cc
addnode=37.59.18.108
addnode=82.145.57.119
addnode=82.145.57.56
addnode=82.145.57.46
maxconnections=15
cryptobancor.conf placed in the folder C:\Users\MyUserName\AppData\Roaming\CryptoBancor
My .conf look like this and wallet sync
server=1
daemon=1
listen=1
maxconnections=1024
rpcuser=user
rpcpassword=pass
rpcport=33155
addnode=suchpool.pw/cbr
addnode=185.18.148.41
addnode=cbr.suprnova.cc
addnode=37.59.18.108
addnode=82.145.57.119
addnode=82.145.57.56
addnode=82.145.57.46
