Nice!
Hadn't heard of this song, nice mention of CGB as well.
Topic: Historic Cryptogenic Bullion thread - CLOSED - page 38. (Read 286609 times)
Nice!
Hadn't heard of this song, nice mention of CGB as well.
Morning, guys.
email-able crypto! [My bad: I said sms-able earlier]
Better yet, it doesn't represent a threat -- though I still have real concerns about the currency itself at this stage -- they want $3;30 from every Australian.
Any of you have any experience with M-pesa? Kenya's sms-able crypto? Are there sms-able cryptos anywhere else?
Are they a good idea? This currency claims to be essentially a non-profit instrument for explaining cryptos.
Mark Blair, Unicup, Western Austalia
email-able crypto! [My bad: I said sms-able earlier]
Better yet, it doesn't represent a threat -- though I still have real concerns about the currency itself at this stage -- they want $3;30 from every Australian.
Any of you have any experience with M-pesa? Kenya's sms-able crypto? Are there sms-able cryptos anywhere else?
Are they a good idea? This currency claims to be essentially a non-profit instrument for explaining cryptos.
Mark Blair, Unicup, Western Austalia
I understand that the long term plan has always been to provide a way to store value i.e. a bullion. I just don't see this happening with the price being so freaking volatile.
Color me worried !
Color me worried !
Digit, I don't have anywhere near as much as you, but can you say a bit more about the manipulation you observe at cryptsy? I'm thinking about getting into more active trading but I'm pretty new so I'm trying to learn more first.
I'm just a little fish in the CGB world
About manipulation not everyone would see it this as that but one of ways that can be seen is fake volume being created on a coin by a single user eg with enough btc i can repeatedly sell/buy into my own orders. Doing this i can create the impression of ALOT of trading activity which adds to the illusion of an exchange being popular/large number of traders and force the price to shift in direction i want. This is even easier to accomplish when the distribution is concentrated/centralized or only exists on one exchange. 100 BTC 24hr volume a user can use their own self-trading to get those numbers. it can be as simple as 10 x 10BTC worth of that coin bought and sold over the day. Of course someone will not be that obvious about it, and it could even be considered an art to create a natural looking pattern.
Preventing single users from self-trading can help reduce this and make it a little more difficult and it would mean to create the same deception would required multiple accounts to be used and funded. If there is some regulation standard for an exchange then i would assume they would also be expected to monitor and flagged this type of behavior especially if it could be seen same ips being used to manipulate a coin. Also exchanges that dont allow self-trading means users are less likely to panic if a big dump occurs which as far as anyone knows could be one person simply dumping a huge amount of coin into their own orders.
Any long time users of cryptsy will have also seen when new coins are listed there, an inflated buy order will magically sit there for hours while deposits are held. There may be a good reason for this but the effects of it that after users get their coins the price immediately plummets and the exchange now controls a large amount of coin that is unlikely to be withdrawn.
Here is a couple of posts about previously glitches from other users
Cryptsy Warning - Glitch Detected - Buying more coins than balance should allow!
Cryptsy Double Spends are Back. Trade with Extreme Caution- See for Yourself
You can find more examples of it and others w google but its leaves the question that if a coin can be "oversold" or "overbought", even if the audit corrects the balances so those users owe the exchange, how much of the glitched coin has already been traded?
Google results - https://www.google.com/search?q=cryptsy+balance+negative
For a coin like CGB i think this is important to considered the effect of glitches combined with it being centralized on an exchange where this has happened more then once eg: more coins existing in the orderbooks/users accounts (who bought the glitched coins) then the exchange holds in their wallets.
Imbalances could maybe be fixed over time and are probaby a a non-issue with coins that have ridiculous 100B supply/high reward etc. But for coin like CGB where scarcity is one of the main benefits of holding this would be upset if significant amounts were to exist in this type of fractional reserve accidentally created by glitches.
Also I doubt that dishonest users who deliberately took advantage of trade glitches when it existed will fix their audited accounts or they might wait until a more favorable price in the coin they oversold can be used to fix their accounts at later date (eg considerable amount of BTC locked up because of negative WDC balance). Honest traders who accidentally oversold a coin have found themselves in situations where they to had buy back the oversold amount and this really cost them if the coin has jumped in value by a huge amount. Cryptsy doesn't consider themselves at fault when these trade glitches happen and users are expected pay up or cannot withdraw any of their altcoins they have on exchange.
I had this happen to me a few times way back simply when Cryptsy had severe lag issues (DDoS/order flooding it was never made clear why) I went to sell some grandcoin which i had bought a month back for 40-50 satoshis, it had gone up pass 200 satoshis so a good time to sell what i had. I placed my sell order - nothing happened. Refreshed and i see coins are still available to place so i try again to place a sell order and again nothing happens. I assume the lag is preventing my order not going so i try again a couple more times until I refresh and find that site does not even load now. Decided to return later in a few hours and i find that Cryptsy has now sold ALL my GDC + GDC amount that did not exist. I receive the BTC from selling but am left with negative amount of GDC. Unfortunately for me at that time GDC price has gone more then what i sold for and so I'm in a situation where i have to buy back or deposit to fix my balance at my own cost if i want to be able to withdraw. Luckily i had GDC i could deposit there so it was not too costly to fix my balance at my own expense. But it left me and others very cautious about trading or leaving large amounts of coins there especially if its BTC, LTC or CGB.
There is barely any trading going on and no buying pressure to counter the possible dumping of PoS blocks by cryptsy itself? I don't know how big their wallet is.
With a multipool at least you create some constant buying support and keep the price where it is (or maybe higher?).
With a multipool at least you create some constant buying support and keep the price where it is (or maybe higher?).
Its not the magic answer to getting the price up, and more effective solution for 100% PoS coin that has low inflation. CGB is mixed PoW/PoS but i think it can be effective because it does have low block reward/low inflation. One interesting scenario that might exist if CGB price were to rise too quickly as result of CGB multipools, we might see 100% PoS coins multipools might switch mining it while the profitablilty was there. Crazy crypto world
CGB Core Team Weekly Update – May 14, 2014
Please also see the Reddit post for further discussion.
Cryptogenic Bullion is a unique crypto and to understand its value, research is required. This is one of the problems that we face as a community when trying to explain the merits of CGB. Where most other coins are caught up in a massive churning of pumps, excitement, scams, mining, and other daily activities of the crypto-scene, Cryptogenic Bullion seems to sit patiently on the sidelines and observe these generally undisciplined behaviors. We would like to quickly explain some of the reasons why promotion and adoption of CGB is very different from most other crypto-currencies.
As explained in this post on Reddit, CGB derives its value by holding it as a more stable store of wealth. This contrasts starkly with what gives most other cryptos out there value, which is the size of the userbase who is holding to spend. Cryptogenic Bullion investors are holding to store wealth or anticipate such demand and there are many factors which better suit CGB for this role above the others. Please see the section on CGB’s Life Cycle on the Learn More page of the Official Website for more detailed information on the bigger picture of CGB and how it builds value.
Let’s quickly go over the motivations for holding CGB compared to the motivations for holding a daily spending currency such as Doge. CGB is designed to be held to store wealth. The more people who are holding CGB to store wealth, the more scarce CGB will be and greater the unit value. Currencies such as Doge are designed to be spent and used on a daily bases. The more people who are holding Doge to spend, the more scarce Doge becomes and the greater the unit value. Notice that investors can profit from increases in these types of demand, and purchasing accordingly in order to sell at the higher prices once demand is realized. These two use cases are fundamentally different and require a different approach to promote the adoption of each.
Here are a few questions that have been recently asked and some guidance on how to proceed:
Is merchant development a goal for CGB?
As CGB is intended to store wealth and not to expand through retail activity directly, merchant development is a goal for CGB but not in the typical way. Our strategy would be to encourage merchants who already accept other crypto to store their wealth in CGB, and consider accepting CGB alongside their existing currency selection.
Is getting listed on more exchanges a goal for CGB?
While it doesn’t hurt to be listed on more exchanges, low volume exchanges with a small user base offer very little value to the CGB community. Exchanges with a large user base would be helpful, especially if there are traders willing to make profit from arbitrage providing liquidity to this user base, and activity on CGB trading pairs.
Does low current volume and price hinder CGB’s advance as a store of wealth?
I urge everyone who asks this question to read CGB’s Life Cycle to understand the transition that CGB is currently undergoing. We also have to also look at the bigger picture of the crypto-markets which have suffered overall from Bitcoin’s recent decline. These are normal cycles that happen. When capital begins to flow inward again on a massive scale, it may be triggered by worries of hyperinflation, or other fiat currency problems. Fleeing investors may be looking for an asset which does not have the heavy inflationary tax of the very system they are fleeing. Cryptogenic Bullion will be perfectly poised, having completed its volatile inflationary phase, and awaiting the inflows of its capitalization phase. Our strategy is optimized for CGB to benefit from the increasing troubles of the global fiat-debt monetary system.
Would a profit spending multipool boost CGB’s value?
Artificial demand, which has nothing to do with the intended use of CGB, provides no long term value. This type of scheme would increase volatility (not a benefit to wealth storage), and reduce our credibility through a lack of fundamental understanding of CGB’s proper role. We can look at previous cases and conclude that the new multipool idea itself is what caused the demand, not the underlying asset being bought. We need to focus our efforts on projects which bring real value to those who use CGB to store wealth.
Is low mining profitability bad for CGB?
Remember that CGB has, for the past year, allocated the majority of the currency supply that will ever be, through mining. As we transition to the capitalization phase of CGB, this low mining reward is part of the reason why investors will find CGB so appealing. With less “money printing (mining),” our annual inflation is approaching its permanent target of 2% growth/year through mining and minting. This is the natural progression of CGB.
There has been a lot of interesting discussion on Reddit about getting CGB into the hands of communities through local interaction and a holistic multi-service approach. Community involvement is needed, ask the tough questions, get involved! We encourage you all to participate and give your thoughts on those ideas and the ones discussed in this post!
The CGB Core Team
Please also see the Reddit post for further discussion.
Cryptogenic Bullion is a unique crypto and to understand its value, research is required. This is one of the problems that we face as a community when trying to explain the merits of CGB. Where most other coins are caught up in a massive churning of pumps, excitement, scams, mining, and other daily activities of the crypto-scene, Cryptogenic Bullion seems to sit patiently on the sidelines and observe these generally undisciplined behaviors. We would like to quickly explain some of the reasons why promotion and adoption of CGB is very different from most other crypto-currencies.
As explained in this post on Reddit, CGB derives its value by holding it as a more stable store of wealth. This contrasts starkly with what gives most other cryptos out there value, which is the size of the userbase who is holding to spend. Cryptogenic Bullion investors are holding to store wealth or anticipate such demand and there are many factors which better suit CGB for this role above the others. Please see the section on CGB’s Life Cycle on the Learn More page of the Official Website for more detailed information on the bigger picture of CGB and how it builds value.
Let’s quickly go over the motivations for holding CGB compared to the motivations for holding a daily spending currency such as Doge. CGB is designed to be held to store wealth. The more people who are holding CGB to store wealth, the more scarce CGB will be and greater the unit value. Currencies such as Doge are designed to be spent and used on a daily bases. The more people who are holding Doge to spend, the more scarce Doge becomes and the greater the unit value. Notice that investors can profit from increases in these types of demand, and purchasing accordingly in order to sell at the higher prices once demand is realized. These two use cases are fundamentally different and require a different approach to promote the adoption of each.
Here are a few questions that have been recently asked and some guidance on how to proceed:
Is merchant development a goal for CGB?
As CGB is intended to store wealth and not to expand through retail activity directly, merchant development is a goal for CGB but not in the typical way. Our strategy would be to encourage merchants who already accept other crypto to store their wealth in CGB, and consider accepting CGB alongside their existing currency selection.
Is getting listed on more exchanges a goal for CGB?
While it doesn’t hurt to be listed on more exchanges, low volume exchanges with a small user base offer very little value to the CGB community. Exchanges with a large user base would be helpful, especially if there are traders willing to make profit from arbitrage providing liquidity to this user base, and activity on CGB trading pairs.
Does low current volume and price hinder CGB’s advance as a store of wealth?
I urge everyone who asks this question to read CGB’s Life Cycle to understand the transition that CGB is currently undergoing. We also have to also look at the bigger picture of the crypto-markets which have suffered overall from Bitcoin’s recent decline. These are normal cycles that happen. When capital begins to flow inward again on a massive scale, it may be triggered by worries of hyperinflation, or other fiat currency problems. Fleeing investors may be looking for an asset which does not have the heavy inflationary tax of the very system they are fleeing. Cryptogenic Bullion will be perfectly poised, having completed its volatile inflationary phase, and awaiting the inflows of its capitalization phase. Our strategy is optimized for CGB to benefit from the increasing troubles of the global fiat-debt monetary system.
Would a profit spending multipool boost CGB’s value?
Artificial demand, which has nothing to do with the intended use of CGB, provides no long term value. This type of scheme would increase volatility (not a benefit to wealth storage), and reduce our credibility through a lack of fundamental understanding of CGB’s proper role. We can look at previous cases and conclude that the new multipool idea itself is what caused the demand, not the underlying asset being bought. We need to focus our efforts on projects which bring real value to those who use CGB to store wealth.
Is low mining profitability bad for CGB?
Remember that CGB has, for the past year, allocated the majority of the currency supply that will ever be, through mining. As we transition to the capitalization phase of CGB, this low mining reward is part of the reason why investors will find CGB so appealing. With less “money printing (mining),” our annual inflation is approaching its permanent target of 2% growth/year through mining and minting. This is the natural progression of CGB.
There has been a lot of interesting discussion on Reddit about getting CGB into the hands of communities through local interaction and a holistic multi-service approach. Community involvement is needed, ask the tough questions, get involved! We encourage you all to participate and give your thoughts on those ideas and the ones discussed in this post!
The CGB Core Team
OP updated, thank you PSD!
Taa, Paper. I will tackle it shortly. We are staggering under the load of tryin' to figure The Latest Australia Coin. Can't ignore something like that on your home turf.
But I am back on Bitcointalk. Been off for ages.
Mark
But I am back on Bitcointalk. Been off for ages.
Mark
Watch out for distraction, there's lots of it. Ozziecoin doesn't look even salvageable. Let it die, can always re-launch if actual Australians maybe tried to make it....
Taa, Paper. I will tackle it shortly. We are staggering under the load of tryin' to figure The Latest Australia Coin. Can't ignore something like that on your home turf.
But I am back on Bitcointalk. Been off for ages.
Mark
But I am back on Bitcointalk. Been off for ages.
Mark
Yeh, I would appreciate information about trading on Cryptsy. I am . . . ahem . . . actually just learning to actually trade.
(Indiamikezulu divides labour. I have always done the analyses and the networking. Never traded a crypto til last week!)
And are there any Australian CGB-ers here? Even just two of us can start working on a development project.
(Indiamikezulu divides labour. I have always done the analyses and the networking. Never traded a crypto til last week!)
And are there any Australian CGB-ers here? Even just two of us can start working on a development project.
Hey Mark! Check out this infographic found on the Get CGB page of the CGB Official Website. It was intended for helping people to get CGB through Paypal, but you can just focus on the last few steps of trading BTC for CGB. Let me know how it goes!
CGB Core Team Weekly Update – May 14, 2014
Please also see the Reddit post for further discussion.
Cryptogenic Bullion is a unique crypto and to understand its value, research is required. This is one of the problems that we face as a community when trying to explain the merits of CGB. Where most other coins are caught up in a massive churning of pumps, excitement, scams, mining, and other daily activities of the crypto-scene, Cryptogenic Bullion seems to sit patiently on the sidelines and observe these generally undisciplined behaviors. We would like to quickly explain some of the reasons why promotion and adoption of CGB is very different from most other crypto-currencies.
As explained in this post on Reddit, CGB derives its value by holding it as a more stable store of wealth. This contrasts starkly with what gives most other cryptos out there value, which is the size of the userbase who is holding to spend. Cryptogenic Bullion investors are holding to store wealth or anticipate such demand and there are many factors which better suit CGB for this role above the others. Please see the section on CGB’s Life Cycle on the Learn More page of the Official Website for more detailed information on the bigger picture of CGB and how it builds value.
Let’s quickly go over the motivations for holding CGB compared to the motivations for holding a daily spending currency such as Doge. CGB is designed to be held to store wealth. The more people who are holding CGB to store wealth, the more scarce CGB will be and greater the unit value. Currencies such as Doge are designed to be spent and used on a daily bases. The more people who are holding Doge to spend, the more scarce Doge becomes and the greater the unit value. Notice that investors can profit from increases in these types of demand, and purchasing accordingly in order to sell at the higher prices once demand is realized. These two use cases are fundamentally different and require a different approach to promote the adoption of each.
Here are a few questions that have been recently asked and some guidance on how to proceed:
Is merchant development a goal for CGB?
As CGB is intended to store wealth and not to expand through retail activity directly, merchant development is a goal for CGB but not in the typical way. Our strategy would be to encourage merchants who already accept other crypto to store their wealth in CGB, and consider accepting CGB alongside their existing currency selection.
Is getting listed on more exchanges a goal for CGB?
While it doesn’t hurt to be listed on more exchanges, low volume exchanges with a small user base offer very little value to the CGB community. Exchanges with a large user base would be helpful, especially if there are traders willing to make profit from arbitrage providing liquidity to this user base, and activity on CGB trading pairs.
Does low current volume and price hinder CGB’s advance as a store of wealth?
I urge everyone who asks this question to read CGB’s Life Cycle to understand the transition that CGB is currently undergoing. We also have to also look at the bigger picture of the crypto-markets which have suffered overall from Bitcoin’s recent decline. These are normal cycles that happen. When capital begins to flow inward again on a massive scale, it may be triggered by worries of hyperinflation, or other fiat currency problems. Fleeing investors may be looking for an asset which does not have the heavy inflationary tax of the very system they are fleeing. Cryptogenic Bullion will be perfectly poised, having completed its volatile inflationary phase, and awaiting the inflows of its capitalization phase. Our strategy is optimized for CGB to benefit from the increasing troubles of the global fiat-debt monetary system.
Would a profit spending multipool boost CGB’s value?
Artificial demand, which has nothing to do with the intended use of CGB, provides no long term value. This type of scheme would increase volatility (not a benefit to wealth storage), and reduce our credibility through a lack of fundamental understanding of CGB’s proper role. We can look at previous cases and conclude that the new multipool idea itself is what caused the demand, not the underlying asset being bought. We need to focus our efforts on projects which bring real value to those who use CGB to store wealth.
Is low mining profitability bad for CGB?
Remember that CGB has, for the past year, allocated the majority of the currency supply that will ever be, through mining. As we transition to the capitalization phase of CGB, this low mining reward is part of the reason why investors will find CGB so appealing. With less “money printing (mining),” our annual inflation is approaching its permanent target of 2% growth/year through mining and minting. This is the natural progression of CGB.
There has been a lot of interesting discussion on Reddit about getting CGB into the hands of communities through local interaction and a holistic multi-service approach. Community involvement is needed, ask the tough questions, get involved! We encourage you all to participate and give your thoughts on those ideas and the ones discussed in this post!
The CGB Core Team
Please also see the Reddit post for further discussion.
Cryptogenic Bullion is a unique crypto and to understand its value, research is required. This is one of the problems that we face as a community when trying to explain the merits of CGB. Where most other coins are caught up in a massive churning of pumps, excitement, scams, mining, and other daily activities of the crypto-scene, Cryptogenic Bullion seems to sit patiently on the sidelines and observe these generally undisciplined behaviors. We would like to quickly explain some of the reasons why promotion and adoption of CGB is very different from most other crypto-currencies.
As explained in this post on Reddit, CGB derives its value by holding it as a more stable store of wealth. This contrasts starkly with what gives most other cryptos out there value, which is the size of the userbase who is holding to spend. Cryptogenic Bullion investors are holding to store wealth or anticipate such demand and there are many factors which better suit CGB for this role above the others. Please see the section on CGB’s Life Cycle on the Learn More page of the Official Website for more detailed information on the bigger picture of CGB and how it builds value.
Let’s quickly go over the motivations for holding CGB compared to the motivations for holding a daily spending currency such as Doge. CGB is designed to be held to store wealth. The more people who are holding CGB to store wealth, the more scarce CGB will be and greater the unit value. Currencies such as Doge are designed to be spent and used on a daily bases. The more people who are holding Doge to spend, the more scarce Doge becomes and the greater the unit value. Notice that investors can profit from increases in these types of demand, and purchasing accordingly in order to sell at the higher prices once demand is realized. These two use cases are fundamentally different and require a different approach to promote the adoption of each.
Here are a few questions that have been recently asked and some guidance on how to proceed:
Is merchant development a goal for CGB?
As CGB is intended to store wealth and not to expand through retail activity directly, merchant development is a goal for CGB but not in the typical way. Our strategy would be to encourage merchants who already accept other crypto to store their wealth in CGB, and consider accepting CGB alongside their existing currency selection.
Is getting listed on more exchanges a goal for CGB?
While it doesn’t hurt to be listed on more exchanges, low volume exchanges with a small user base offer very little value to the CGB community. Exchanges with a large user base would be helpful, especially if there are traders willing to make profit from arbitrage providing liquidity to this user base, and activity on CGB trading pairs.
Does low current volume and price hinder CGB’s advance as a store of wealth?
I urge everyone who asks this question to read CGB’s Life Cycle to understand the transition that CGB is currently undergoing. We also have to also look at the bigger picture of the crypto-markets which have suffered overall from Bitcoin’s recent decline. These are normal cycles that happen. When capital begins to flow inward again on a massive scale, it may be triggered by worries of hyperinflation, or other fiat currency problems. Fleeing investors may be looking for an asset which does not have the heavy inflationary tax of the very system they are fleeing. Cryptogenic Bullion will be perfectly poised, having completed its volatile inflationary phase, and awaiting the inflows of its capitalization phase. Our strategy is optimized for CGB to benefit from the increasing troubles of the global fiat-debt monetary system.
Would a profit spending multipool boost CGB’s value?
Artificial demand, which has nothing to do with the intended use of CGB, provides no long term value. This type of scheme would increase volatility (not a benefit to wealth storage), and reduce our credibility through a lack of fundamental understanding of CGB’s proper role. We can look at previous cases and conclude that the new multipool idea itself is what caused the demand, not the underlying asset being bought. We need to focus our efforts on projects which bring real value to those who use CGB to store wealth.
Is low mining profitability bad for CGB?
Remember that CGB has, for the past year, allocated the majority of the currency supply that will ever be, through mining. As we transition to the capitalization phase of CGB, this low mining reward is part of the reason why investors will find CGB so appealing. With less “money printing (mining),” our annual inflation is approaching its permanent target of 2% growth/year through mining and minting. This is the natural progression of CGB.
There has been a lot of interesting discussion on Reddit about getting CGB into the hands of communities through local interaction and a holistic multi-service approach. Community involvement is needed, ask the tough questions, get involved! We encourage you all to participate and give your thoughts on those ideas and the ones discussed in this post!
The CGB Core Team
I am reading 'cause I need to understand trading on Cryptsy.
Feel free to laugh: Indiamikezulu divides labour. I do the networking and analyses, but had never traded a crypto until a couple of weeks ago. Wa ha ha
And are there any Australian CGB-ers here? Even just two of us can start working on a development project. Come and help me at the Commercial Development Workshop over at the Reddit rally point.
Next Wednesday we are doing our first 'lock and pays,' in an Australian supermarket. (Litecoin. Not CGB yet. Stay tuned.) We will have the QR code taped to the front counter of two businesses. You open your wallet; open the scanner; lock on to the QR; enter the amount owed; then swing your smartphone around so the checkout operator can verify the amount. Then she presses the 'Send' buttion.
Mark Blair
Feel free to laugh: Indiamikezulu divides labour. I do the networking and analyses, but had never traded a crypto until a couple of weeks ago. Wa ha ha
And are there any Australian CGB-ers here? Even just two of us can start working on a development project. Come and help me at the Commercial Development Workshop over at the Reddit rally point.
Next Wednesday we are doing our first 'lock and pays,' in an Australian supermarket. (Litecoin. Not CGB yet. Stay tuned.) We will have the QR code taped to the front counter of two businesses. You open your wallet; open the scanner; lock on to the QR; enter the amount owed; then swing your smartphone around so the checkout operator can verify the amount. Then she presses the 'Send' buttion.
Mark Blair
have you thought perhaps about getting CGB away from and onto other exchanges besides Cryptsy?
looking forward to the updated wallet, at the moment i have a small amount of CGB that i've kept for stake an added to over the past year. I now have almost 1500 in my wallet, but also feel a little burned the way its been manipulated on cryptsy. If i had spent the same amount of btc on CGB now at current cryptsy i would have 3-4x my current holdings, i'm not too obsessed about it, but i think CGB price would be more steady and resistant to manipulation and dumps if it were distributed across more exchanges then it is currently and a multipool was setup for it as well.
btw coinex should be removed from the exchange list, as the wallets were hacked and all coins stolen. Anyone purchasing CGB there would not be able to withdraw it.
looking forward to the updated wallet, at the moment i have a small amount of CGB that i've kept for stake an added to over the past year. I now have almost 1500 in my wallet, but also feel a little burned the way its been manipulated on cryptsy. If i had spent the same amount of btc on CGB now at current cryptsy i would have 3-4x my current holdings, i'm not too obsessed about it, but i think CGB price would be more steady and resistant to manipulation and dumps if it were distributed across more exchanges then it is currently and a multipool was setup for it as well.
btw coinex should be removed from the exchange list, as the wallets were hacked and all coins stolen. Anyone purchasing CGB there would not be able to withdraw it.
Digit, I don't have anywhere near as much as you, but can you say a bit more about the manipulation you observe at cryptsy? I'm thinking about getting into more active trading but I'm pretty new so I'm trying to learn more first.
There is barely any trading going on and no buying pressure to counter the possible dumping of PoS blocks by cryptsy itself? I don't know how big their wallet is.
With a multipool at least you create some constant buying support and keep the price where it is (or maybe higher?).
have you thought perhaps about getting CGB away from and onto other exchanges besides Cryptsy?
looking forward to the updated wallet, at the moment i have a small amount of CGB that i've kept for stake an added to over the past year. I now have almost 1500 in my wallet, but also feel a little burned the way its been manipulated on cryptsy. If i had spent the same amount of btc on CGB now at current cryptsy i would have 3-4x my current holdings, i'm not too obsessed about it, but i think CGB price would be more steady and resistant to manipulation and dumps if it were distributed across more exchanges then it is currently and a multipool was setup for it as well.
btw coinex should be removed from the exchange list, as the wallets were hacked and all coins stolen. Anyone purchasing CGB there would not be able to withdraw it.
looking forward to the updated wallet, at the moment i have a small amount of CGB that i've kept for stake an added to over the past year. I now have almost 1500 in my wallet, but also feel a little burned the way its been manipulated on cryptsy. If i had spent the same amount of btc on CGB now at current cryptsy i would have 3-4x my current holdings, i'm not too obsessed about it, but i think CGB price would be more steady and resistant to manipulation and dumps if it were distributed across more exchanges then it is currently and a multipool was setup for it as well.
btw coinex should be removed from the exchange list, as the wallets were hacked and all coins stolen. Anyone purchasing CGB there would not be able to withdraw it.
Digit, I don't have anywhere near as much as you, but can you say a bit more about the manipulation you observe at cryptsy? I'm thinking about getting into more active trading but I'm pretty new so I'm trying to learn more first.
have you thought perhaps about getting CGB away from and onto other exchanges besides Cryptsy?
looking forward to the updated wallet, at the moment i have a small amount of CGB that i've kept for stake an added to over the past year. I now have almost 1500 in my wallet, but also feel a little burned the way its been manipulated on cryptsy. If i had spent the same amount of btc on CGB now at current cryptsy i would have 3-4x my current holdings, i'm not too obsessed about it, but i think CGB price would be more steady and resistant to manipulation and dumps if it were distributed across more exchanges then it is currently and a multipool was setup for it as well.
btw coinex should be removed from the exchange list, as the wallets were hacked and all coins stolen. Anyone purchasing CGB there would not be able to withdraw it.
looking forward to the updated wallet, at the moment i have a small amount of CGB that i've kept for stake an added to over the past year. I now have almost 1500 in my wallet, but also feel a little burned the way its been manipulated on cryptsy. If i had spent the same amount of btc on CGB now at current cryptsy i would have 3-4x my current holdings, i'm not too obsessed about it, but i think CGB price would be more steady and resistant to manipulation and dumps if it were distributed across more exchanges then it is currently and a multipool was setup for it as well.
btw coinex should be removed from the exchange list, as the wallets were hacked and all coins stolen. Anyone purchasing CGB there would not be able to withdraw it.
CGB is available for trade on numerous exchanges at this point. However I think those most familiar with CGB trade at Cryptsy. The Achilles heel remains the difficulty in assembling a dedicated community of support. We will get there, but definitely not there yet.
Thanks Elambert
Exchanges where CGB is listed. 6 of them were added in the last 3 months:
Vault of Satoshi (canadian dollar market)
Cryptsy
Ecoinfund (chinese)
Cryptokopen
Allcrypt
Bittrex
Coins-e
Coinex
Swaphole
PTOPEX
Comkort
have you thought perhaps about getting CGB away from and onto other exchanges besides Cryptsy?
Exchanges where CGB is listed. 6 of them were added in the last 3 months:
Vault of Satoshi (canadian dollar market)
Cryptsy
Ecoinfund (chinese)
Cryptokopen
Allcrypt
Bittrex
Coins-e
PTOPEX
Comkort
have you thought perhaps about getting CGB away from and onto other exchanges besides Cryptsy?
looking forward to the updated wallet, at the moment i have a small amount of CGB that i've kept for stake an added to over the past year. I now have almost 1500 in my wallet, but also feel a little burned the way its been manipulated on cryptsy. If i had spent the same amount of btc on CGB now at current cryptsy i would have 3-4x my current holdings, i'm not too obsessed about it, but i think CGB price would be more steady and resistant to manipulation and dumps if it were distributed across more exchanges then it is currently and a multipool was setup for it as well.
btw coinex should be removed from the exchange list, as the wallets were hacked and all coins stolen. Anyone purchasing CGB there would not be able to withdraw it.
looking forward to the updated wallet, at the moment i have a small amount of CGB that i've kept for stake an added to over the past year. I now have almost 1500 in my wallet, but also feel a little burned the way its been manipulated on cryptsy. If i had spent the same amount of btc on CGB now at current cryptsy i would have 3-4x my current holdings, i'm not too obsessed about it, but i think CGB price would be more steady and resistant to manipulation and dumps if it were distributed across more exchanges then it is currently and a multipool was setup for it as well.
btw coinex should be removed from the exchange list, as the wallets were hacked and all coins stolen. Anyone purchasing CGB there would not be able to withdraw it.
I'm very Surprised with CGB, It's Doing well for an old Crypto (Well not that old) even though its at half the Price it was valued at originally.
Great work from the CGB Team, A lot we can learn from them
Great work from the CGB Team, A lot we can learn from them
Doing welll
What are you talking about there is no buy support. The price and volume is so fucking low that it looks like dead coin. CGB has almost a year and we have only 137 pages on this thread were ppl talk how "CGB is a great coin". We need buyers.Elambert has you thought about multipools were miners could mine most profitable coins and automatically buy cgb?
Yes, we have had some intense debates within the team regarding the multipool idea and it something that remains on the table. The primary concern is sustainability. Surely a pump would occur, but where does that leave us in the long term? PSD elaborates a bit on this idea here.
That being said, we are not sitting idly by. We have a major upgraded client in the works and some very exciting marketing campaigns to coordinate with its release as well as with CGB's 1st birthday on June 27th!
I am not pleased with the current price point but I was not pleased with the price point when it was .005 either, so we have lofty goals and ambitions and will continue to work hard to bring them to fruition.
BTCat has been a huge supporter and if we were fortunate enough to have a few more supporters like him, I think we would see some exponential community growth which would of course impact price favorably.
Again, we have encountered an excellent opportunity for those who are interested in CGB. One can actually pick up .1% of the overall CGB (1000 CGB) for a low price of $250-300 currently! I feel this is an excellent long term opportunity for the prudent investor who is looking to diversify their retirement savings plan by locking away a portion of their respective portfolio in a minimal risk, interest bearing, and potentially high yield Cryptogenic Bullion retirement savings account.
Get yourself a stake, start earning interest and show your support by helping CGB get exposure to our niche of investors, those looking towards their future.
The goal is for CGB to be the platinum to Bitcoins gold.
I'm very Surprised with CGB, It's Doing well for an old Crypto (Well not that old) even though its at half the Price it was valued at originally.
Great work from the CGB Team, A lot we can learn from them
Great work from the CGB Team, A lot we can learn from them
Doing welll
What are you talking about there is no buy support. The price and volume is so fucking low that it looks like dead coin. CGB has almost a year and we have only 137 pages on this thread were ppl talk how "CGB is a great coin". We need buyers.Elambert has you thought about multipools were miners could mine most profitable coins and automatically buy cgb?
CGB is a great solid coin! That being said, I agree with these critics as well, CGB is weak on the market and it's demotivating. It's not just CGB, almost all the altcoins, and even Bitcoin is crawling through the bottomranges, CGB does not stand out to be the stronger one. I'm very positive about the future, the new dev team setup and weekly updates so thanks for that guys. On the other hand I'm dissapointed by the lack of active involvement from the community.
If every holder of CGB's would dedicate at least 20 minutes per day to some smaller efforts to promote, vote and help develop CGB, that can make a huge difference. We need more buzz and more active support, more people to contact interesting businesses to get involved, then new investors will jump in more soon. If you have been sitting passively to see what happens with your coin and let others do the work, I suggest to not be lazy, get more actively involved to add value to your investment. If we all join forces, this can become a big thing.
There's no way I'm gonna sell my CGB's in this range, after all the developments it's severely undervalued, market will soak up weak hands more longer and then the price can continue to grow again. Be patient, and in the meantime do something for your coin to add value.
I know that CGB is solid coin, but when I look at the earlier posts it looks like circle of mutual adoration.
What about multipools? CGB won't be profitable in minning anymore, so I think it is good idea.
I'm very Surprised with CGB, It's Doing well for an old Crypto (Well not that old) even though its at half the Price it was valued at originally.
Great work from the CGB Team, A lot we can learn from them
Great work from the CGB Team, A lot we can learn from them
Doing welll
What are you talking about there is no buy support. The price and volume is so fucking low that it looks like dead coin. CGB has almost a year and we have only 137 pages on this thread were ppl talk how "CGB is a great coin". We need buyers.Elambert has you thought about multipools were miners could mine most profitable coins and automatically buy cgb?
CGB is a great solid coin! That being said, I agree with these critics as well, CGB is weak on the market and it's demotivating. It's not just CGB, almost all the altcoins, and even Bitcoin is crawling through the bottomranges, CGB does not stand out to be the stronger one. I'm very positive about the future, the new dev team setup and weekly updates so thanks for that guys. On the other hand I'm dissapointed by the lack of active involvement from the community.
If every holder of CGB's would dedicate at least 20 minutes per day to some smaller efforts to promote, vote and help develop CGB, that can make a huge difference. We need more buzz and more active support, more people to contact interesting businesses to get involved, then new investors will jump in more soon. If you have been sitting passively to see what happens with your coin and let others do the work, I suggest to not be lazy, get more actively involved to add value to your investment. If we all join forces, this can become a big thing.
There's no way I'm gonna sell my CGB's in this range, after all the developments it's severely undervalued, market will soak up weak hands more longer and then the price can continue to grow again. Be patient, and in the meantime do something for your coin to add value.
I'm very Surprised with CGB, It's Doing well for an old Crypto (Well not that old) even though its at half the Price it was valued at originally.
Great work from the CGB Team, A lot we can learn from them
Great work from the CGB Team, A lot we can learn from them
Doing welll
What are you talking about there is no buy support. The price and volume is so fucking low that it looks like dead coin. CGB has almost a year and we have only 137 pages on this thread were ppl talk how "CGB is a great coin". We need buyers.Elambert has you thought about multipools were miners could mine most profitable coins and automatically buy cgb?
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