Topic: Historic Cryptogenic Bullion thread - CLOSED - page 33. (Read 286624 times)

CGB Core Team Weekly Update - June 4, 2014

Please also see the Reddit post for further discussion.

It seems that the altcoin world is really grinding through a tough patch as Bitcoin recovers from the recent hostile positions taken against it by government and big business alike. For CGB, it is a bit of a unique situation. Very few coins have had to deal with the turbulence of moving beyond the mining phase, which seems to attract all of the attention. We now have to forge ahead and create value in ways other than mining focused speculation. Up until this point, CGB has been tracing along its original vision, and will continue to justify the demand for an asset made to act like gold or silver as well as a cryptocurrency could. This is a great premise for a currency, but the details are still not widely known as to how this is so and why it matters. As we continue toward our educational objectives, we are also undertaking a major course change for the CGB community which aims to create real world value for not only CGB, but all deserving cryptocurrencies.

Before we continue with the details, one matter needs to be discussed. Our lead developer, Tash (Artiface), has recently been overwhelmed with a personal family emergency and has asked us to help scale back his responsibilities for the time being. This puts the release date of the next client into an uncertain position. We are dealing with this in stride and firmly accept that part of our overall strategy will be to attract a more diverse and robust selection of talent on the CGB Core Team. Efforts to this end have already been undertaken, but it will be a process we hope to accelerate through the execution of the strategy outlined in this update. It is clear that we need to realign CGB to the realities we face, in order to drive the investment of capital, skill, and time by those interested in advancing cryptocurrency adoption, in addition to CGB's potential itself.

With the momentum built up, and a trail of success to look back on, we are better able to look forward to what this new course for CGB should be. We have established that the Cryptogenic Bullion community is happy to support more open and welcoming projects which encourage cooperation and effort spent towards common goals, not specifically to the benefit of CGB, but to all. This has allowed us to think really big and generate concrete ideas which may likely gain the attention of the entire cryptosphere. CGB is becoming a nexus for taking cryptocurrencies out into the streets, into the businesses, amongst neighbors, hidden away in offline wallets occupying vaults and safes, or hidden in the smallest imaginable space, perhaps with a microfilm qr code. As we execute and explore real world strategies for cryptocurrency deployment, problems and inefficiencies will be remedied through active development of the suite of tools available for use by the CryptoTown Neighborhoods as part of the CryptoTown On The Ground project.

Our intent is to position CGB as a leader in the facilitation of cryptocurrency adoption at businesses with physical establishments. This means that CGB will have to be more than just a currency, it will have to come wrapped in a suite of tools and services which allow it to adapt to any use case. With this relationship under constant development, CGB will become part of the foundation used to build each CryptoTown, as could any cryptocoin project that wishes to participate to such an extent. This vision can only be achieved through a meaningful commitment by talented individuals throughout the cryptosphere and, as we have discussed, through an expansion of the CGB Core Team. There is a very large amount of work to be done and we believe it could optimally be handled by an additional 3 developers. We hope to create a collaborative environment which is even more inclusive than our current structure and a new organizational chart will be developed to this effect to better express the ways in which talented individuals may help out.

While we don't expect these positions to be filled immediately, we are appealing to the entire cryptosphere in the hopes of attracting candidates looking to help lead the charge with us. In addition to a CGB-CryptoTown tool developer, we wish to dedicate efforts to GUI and usability amongst our tool suite (with focus on the wallet software). Also, our community has put forth many excellent ideas which have been captured and assessed, but we have lacked the resources required to begin implementation. This includes changes to CGB's core protocol and client software capabilities. We would gladly welcome skilled candidates who are able to work on this or the other areas of development.

CGB has been around for a long time as far as cryptocurrencies go. Not only was it created with the professional image in mind, but the management of the project has been quite coherent throughout its deployment. We plan to build on, and leverage this reputation to advance CGB into the "real world" through the CryptoTown On The Ground project, while attracting the talent required to make this vision a reality for CGB. We may expect an amount of volatility in the price action as a new trend channel is formed, but looking at the bigger picture we are building real value and will continue to do so regardless of the day-to-day issues and fluctuations. As always, we will remain open and flexible to any concerns or ideas presented by the community.

All comments are especially welcome,

The CGB Core Team

2 questions...

1 How you you know you're the only one ?
2 May I ask what altcoin ? Is it out yet ?

Hey Dokdocoin, welcome! It's great to hear from other countries and projects. I hope you find our work to be interesting. If you have questions, feel free to ask  .

hi all~
Mark Blair just introduced CGB to me.
I'm the only altcoin developer living in South Korea(till now..) and
always have interest in altcoins  
I just downloaded windows wallet and wanna get more info
thanks  

I think we are all (altcoins) really grinding through a tough patch as Bitcoin recovers from the recent hostile positions taken against it by government and big business alike. I bet there is a lot of soul searching going on out there.  I know what you mean by the panic driven change, and have taken many opportunities in the past to present a calm and rational view. For us, it is a bit of a unique situation. Very few coins have had to deal with the turbulence of moving beyond the mining phase, which seems to attract all of the attention. We now have to forge ahead and create value in ways other than mining focused speculation. Details to follow shortly..

The flip side is any divergence from the original plan that alters the total coin supply or the rate in which coins are distributed, defeats the whole trust less system, this is lost on so many panic change quickly or die mentality of the old school coins of late.

Contest # 2 has begun!!!
https://bitcointalksearch.org/topic/happy-birthday-cgb-633928

Good luck!

Welcome Richard! Glad to have you!

Evening Gents,

Names Richard.

I have been meaning to introduce myself earlier however I have been flat out recently travelling for work.

Relatively new to Bitcointalk however I have spent a lot of time in the crypto space (2010 onward). I recently sold 1 BTC over Ebay using Paypal with a successful transaction of BTC priced at 800 AUD.

Apart from speculating over the many cryptos and trying to find the best investment, I am also keen on real world use. I have engaged in numerous conversations with IMZ (sorry I haven't called, been busy) which has really has opened my perspective to the type of people already in the crypto-sphere (P&Ds, Scam Devs, whales) and the future community of crypto personnel (Some people still ask me what a Bitcoin is)

It is my endeavour to introduce trustworthy cryptos to newcomers which has been a challenge, but to have the future community fall into the hands of the dark side to crypto simply isn't fair.

Im a relatively young bloke. I claim to be pretty level headed - I have a no.2 haircut. (I don't know if that was worth the pun)

Heavily involved in social media (twitter, facebook etc) and currently running the only Twitter account for Bottlecaps (CAP).

Anyway, I will try catch up with whats going on in CGB and see if I can assist in any way possible.

Cheers.

I know there are Global-Financial-Crisis watchers here. This guy, Ambrose Evans-Pritchard, is the best 'reformist' journalist I know of:

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/

Mark (Aus.)
CGB: the coin that complements all others

Majormax, this is very insightful. I think that CGB has been tracing along its vision. This is part of what attracted me to CGB was that it was made to act like gold or silver as well as a cryptocurrency could. It's a great premise but the details we're not widely known as to how this is so and why does it matter at all. Even though we have made great progress, and continue to build momentum, it might not constitute a "reinvention." Stay tuned for this week's update. 

You have a good grasp of the big picture. I realise there are competing and conflicting tactics and strategies. Coins in differing stages of their life need different promotion tactics, and indeed, different genetics, if that were possible.

Predictability and stability is fine in theory, but IMO that carries greater weight at a later stage. If you study the older coins that managed a strong revival, you will see that it was the ones that underwent a significant fundamental reinvention (and therefore change in structure, with all the attendant community discort and argument) which managed it best.

Sadly, the currencies which stuck to their original plans, apart from a tiny handful, just withered away.

I am not predicting anything (anyone who says they can is likely to be deluded), just freely giving of my own experience FWIW.

Coin Control in the wallet can be implemented in a straightforward manner (no hard fork needed). Most good PoS coins have it as a matter of course.

Your insight is very appreciated Majormax. I agree that the feature set for the wallet software is very important, and it is one of our highest concerns at the moment. We need to bring the CGB look and feel up to the latest standards. Fundamentally it should have little impact, but sometimes you need to flash some colors to attract the capital . I wish it was as simple as increasing stake, but you have to take from one to give to another, and we need to remain predictable for investors.

Absolutely right on getting attention at the right moments. We feel that we are at a critical time for CGB to really get its message out. We have had so much momentum built and with our BDay coming up, its the perfect opportunity to say hello to CGB 2.0. We will be drawing in plenty of interest through projects like CryptoTown On The Ground, "offline," and targeted marketing, giveaways, and further exploration of what exactly CGB's role is in the new economy.

Price worries:

IMO it is not simply one factor. There are hundreds of viable coins, and dozens of really good ones. I have analyzed and traded around 100 digital currencies since April 2013. Most communties voice the same concerns 'why is the price falling, when we are implementing such good projects/the idea/function/genetics of the coin are so good ?'

The key to understanding this is to use/trade/compare and discuss every coin, to compare all their attributes, then you can see what affects price in the long term.


My own tip :   If CBG had Coin Control in the wallet, and a higher % stake (like 20% +) , the demand for it would be a lot higher now.

Far be it for me to tell the community how to proceed:  I understand that long term planning is the idea here, so short term price weakness will need to be tolerated for some time. The problem is, if a coin doesn't get enough attention at the right stage, it is consigned to the also-rans of the digital world, with plenty of newcomers trampling on its head to climb up the ladder.

I cannot explain it better than what has already been done on the CGB Website - Learn More section:

Just both 1000 CGBs.. very cheap!,
I expect the price will triple in a couple of days

I am about to blow a valve: scraped together seventy five bucks' worth of Bitcoin; transferred it to Cryptsy to buy CGB; and . . .


who knows? Seems to have fallen between the cracks. (Wow, I am so new to this).

It's good to see someone calling for the development of 'merchant facility.' I just finished a 'Birthday Document' of ideas.

And come visit here: http://www.reddit.com/r/GotCrypto/comments/26tpps/cgb_development_workshop/

We are working on a daily basis to make CGB a superlative coin community. Come and help!

Mark Blair, Australia
CGB: low volume by design

I don't know who's selling. Prices are so low and buy support is so little you can maybe get 2 BTC for dumping 10k CGB... it's ridiculous to sell if you ask me.

Maybe CGB fell victim to the "HODLERS". Too many CGB are in the hands of a few big whales, who are unwilling to sell and only get bigger because they have low buying orders?

All you can do with CGB is hoard them, you can't DO anything with it.

And because of that there is zero buying force, and instead of it only a constant selling pressure.

That's the whole problem with CGB, you can't use it. If you can find some use for it, I'm confident we will see it rise like a phoenix. 

omg, just seen the price - this is amazing, deal of the frik'en century! I might even make it into the 1k club at this rate

  who are these dumping people 

It is interesting. I see no downside here, other than plain dumb momentum. The Core Team and our projects are here to stay, we will be advocating CGB in these projects where prudent to do so. We have been working very hard to build the community since the price came down to .001 from the all time highs.

I want to say this in no uncertain terms. CGB is in an excellent position and nothing has changed for the worse, on the contrary, its only building positively. I am not in it for the money, though I do continue to add to my position. We will show that just because the pump and dump scene has forgotten about a coin, doesn't mean that it is no longer viable. I challenge anyone to dispute this, or any aspect of CGB's future as a store of wealth.

In fact, its kind of laughable to sell into such low volume. Perhaps someone is desperate for the cash. It is possible they could try to manipulate the price lower to attract further dumping from others in order to buy. It doesn't make a lot of sense to accept such little return on such a currently scarce market. I suggest we move forward without weighing the price as such an important indicator. Again, It has no effect on the effort that the CGB Core Team and community is putting up.