Historic Cryptogenic Bullion thread - CLOSED - page 83.

BitcoinFX

legendary

Activity: 2646

Merit: 1722

https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF

Quote from: BitcoinFX on February 04, 2014, 05:24:40 PM

Bit of a delay in the final production, but here is the retail version of the Premiere Edition 1gm Sterling Silver CGB Card.

Shiny !

The first ebay auction has been delayed, but will be active in the next day or so, featuring one of FiniteByDesign's pre-loaded hologram cards with one GCB.

I'm still waiting on delivery of the gold sheet to start production on those.

ebay link coming soon !

Its taken me a while to get this 1st set listed on ebay:

10 day auction - See: http://www.ebay.com/itm/111276338299 - Cryptogenic Bullion Card pre-loaded with 10.1 CGB and 1gm Sterling Silver Card

Coins & Paper Money > Bullion > Other Grin

elambert

legendary

Activity: 1696

Merit: 1008

Quote from: Digicoiner on February 09, 2014, 01:29:29 AM

Quote from: elambert on February 09, 2014, 01:03:15 AM

Quote from: Digicoiner on February 09, 2014, 12:56:30 AM

Quote from: elambert on February 08, 2014, 05:02:08 PM

Quote from: pgbit on February 08, 2014, 01:11:16 PM

I am getting a "Checkpoint too old / notify dev" message but with 8 active connections.

Current blocks:323660
Estimated total blocks: 323654

Client version: v1.1.6.4-gdf9d55a-cgb

Do I need to add some newer nodes? Thanks for any help.

Please download the newest version of the client with updated checkpoint (1.1.6.5):
https://cryptogenicbullion.org/#download

I've upgraded to 1.1.6.5 using the installer but still getting the checkpoint too old error. How can I fix this?

Please follow instruction here.

Instructions where? I don't see any.

Did you get your issue resolved?

papersheepdog

sr. member

Activity: 266

Merit: 250

Quote from: dadon on February 09, 2014, 06:15:32 AM

Quote from: papersheepdog on February 09, 2014, 04:35:42 AM

Check it

CGB on Reddit:
http://www.reddit.com/r/CryptogenicBullion

CGB Marketing Campaign Headquarters:
http://www.reddit.com/r/GotCrypto/

CGB - Open Source Community Development and Marketing Stragegy (Master Document):
http://www.reddit.com/r/GotCrypto/comments/1x7j2w/cgb_open_source_community_development_and/

Community on Reddit at /r/CryptoMarkets - First highlighted community:
http://www.reddit.com/r/GotCrypto/comments/1xf923/highlighted_community_on_reddit_at_rcryptomarkets/

nice work as usual Grin

Thanks!

Quote from: Ethapus on February 09, 2014, 09:45:13 AM

Yup, dug out my long forgotten and dusted reddit account just for that Grin

Edit: As you can see I really like your "Got Crypto?" catchphrase Cheesy

I love it! That's a perfect spot for it Grin

Quote from: x0rcist on February 09, 2014, 10:07:53 AM

Great work papersheepdog Grin

update on the paper wallet: got the website/code running so expect it to go live in the next few days after some interface changes to give it that bullion feeling.

ps. can any of the dev contact http://blockr.io/addcoin to add cgb to their blockexplorer? i guess this willbe a nice extra boost

Thank you! I added a link for coinplorer https://coinplorer.com/CGB. I am not sure if its working properly right now. I also added your suggestion to the community development section. Couldn't hurt to have more than one! If anyone knows of any other block explorer sites that support CGB or any which can be contacted to request CGB let us know. Actually, if there are any resources that I missed please let me know! I'm new here HEHE.

artiface

full member

Activity: 238

Merit: 100

Quote from: patmast3r on February 09, 2014, 03:23:36 AM

Do you think people will really keep mining for that kind of CGB ?
How do you feel about implementing a system similar to NXTs where ther is absolutely no POW needed anymore ?

Don't mean to criticize - just thinking out loud here

At that phase PoW not really required. PoS secures the network. So yes it is like NXT, who created a PoS only coin that skipped the PoW phase (and in my opinion created an unfair initial distribution).

x0rcist

full member

Activity: 238

Merit: 100

Quote from: papersheepdog on February 09, 2014, 04:35:42 AM

Check it

CGB on Reddit:
http://www.reddit.com/r/CryptogenicBullion

CGB Marketing Campaign Headquarters:
http://www.reddit.com/r/GotCrypto/

CGB - Open Source Community Development and Marketing Stragegy (Master Document):
http://www.reddit.com/r/GotCrypto/comments/1x7j2w/cgb_open_source_community_development_and/

Community on Reddit at /r/CryptoMarkets - First highlighted community:
http://www.reddit.com/r/GotCrypto/comments/1xf923/highlighted_community_on_reddit_at_rcryptomarkets/

Great work papersheepdog Grin

update on the paper wallet: got the website/code running so expect it to go live in the next few days after some interface changes to give it that bullion feeling.

ps. can any of the dev contact http://blockr.io/addcoin to add cgb to their blockexplorer? i guess this willbe a nice extra boost

Ethapus

member

Activity: 64

Merit: 10

Quote from: papersheepdog on February 09, 2014, 04:35:42 AM

Check it

CGB on Reddit:
http://www.reddit.com/r/CryptogenicBullion

CGB Marketing Campaign Headquarters:
http://www.reddit.com/r/GotCrypto/

CGB - Open Source Community Development and Marketing Stragegy (Master Document):
http://www.reddit.com/r/GotCrypto/comments/1x7j2w/cgb_open_source_community_development_and/

Community on Reddit at /r/CryptoMarkets - First highlighted community:
http://www.reddit.com/r/GotCrypto/comments/1xf923/highlighted_community_on_reddit_at_rcryptomarkets/

Yup, dug out my long forgotten and dusted reddit account just for that Grin

Edit: As you can see I really like your "Got Crypto?" catchphrase Cheesy

dadon

legendary

Activity: 1190

Merit: 1002

Pecvniate obedivnt omnia.

Quote from: papersheepdog on February 09, 2014, 04:35:42 AM

Check it

CGB on Reddit:
http://www.reddit.com/r/CryptogenicBullion

CGB Marketing Campaign Headquarters:
http://www.reddit.com/r/GotCrypto/

CGB - Open Source Community Development and Marketing Stragegy (Master Document):
http://www.reddit.com/r/GotCrypto/comments/1x7j2w/cgb_open_source_community_development_and/

Community on Reddit at /r/CryptoMarkets - First highlighted community:
http://www.reddit.com/r/GotCrypto/comments/1xf923/highlighted_community_on_reddit_at_rcryptomarkets/

nice work as usual Grin

dadon

legendary

Activity: 1190

Merit: 1002

Pecvniate obedivnt omnia.

Quote from: patmast3r on February 09, 2014, 03:23:36 AM

Quote from: elambert on February 08, 2014, 05:14:02 PM

Quote from: papersheepdog on February 08, 2014, 04:44:33 PM

Quote from: patmast3r on February 08, 2014, 03:27:01 PM

Quote from: papersheepdog on February 08, 2014, 03:23:27 PM

Quote from: patmast3r on February 08, 2014, 03:13:16 PM

Do I understand this correctly that 90 % of all CGBs are already mined ? So "in 10%" all that's left is POS and Interest...that's pretty cool !

You know what this would be a great opportunity to get some clarity perhaps from MercSuey. The precise details are not critical at this point but I will explain it as I understand it and perhaps someone can correct me. The PoW mining rewards for CGB amount to a total deployment of 1'000'000 CGB. I am not sure if PoS minting is factored into this target, but once the PoW mining has hit its final target of 1'000'000 CGB, the protocol will allow a maximum indefinite inflation rate of %2.00/year assuming all wallet holders are saving for 90 days and minting (not likely), while miners are picking up the %0.5 reward which is given out thereafter. The key point to remember is that this inflation rate is modelled after the gold supply. Like the historical gold supply, it does not hit a limit and stop which would potentially cause unstable deflation and encourage hording.

Are you saying the mining will continue after 1 000 000 CGB have been created and the miners will be rewarded with .5% of all the interests ?

According to the announcement:

• 1.5% Annual PoS Interest
• Subsidy halving after every 50k blocks until reward of 0.01 is reached were it will remain in perpetuity
• ~1,000,000 Cryptogenic Bullion cap with 0.5% annual PoW inflation

This could be interpreted that there is a hard cap but the wording strongly suggests by "cap with 0.5% annual PoW inflation" and "[reward]... will remain in perpetuity" that the 1'000'000 CGB is just a mining target for last non-0.01 reward. From then on a steady rate of at most 2.00% per year increase in the monetary base occurs. In fact the miners will receive at least 25% of all reward, while prudent savers will receive at most 75% of total newly mined/minted CGB.

Yes, as psd pointed out, PoW mining will continue forever at a rate of .01 CGB per block (once this baseline reward is reached).

Do you think people will really keep mining for that kind of CGB ?
How do you feel about implementing a system similar to NXTs where ther is absolutely no POW needed anymore ?

Don't mean to criticize - just thinking out loud here

if it's worth enough they will ,the market cap don't need to be very big to get too 100-1000 per CGB, then ofc people will mine it.

papersheepdog

sr. member

Activity: 266

Merit: 250

Check it

CGB on Reddit:
http://www.reddit.com/r/CryptogenicBullion

CGB Marketing Campaign Headquarters:
http://www.reddit.com/r/GotCrypto/

CGB - Open Source Community Development and Marketing Strategy (Master Document):
http://www.reddit.com/r/GotCrypto/comments/1x7j2w/cgb_open_source_community_development_and/

Community on Reddit at /r/CryptoMarkets - First highlighted community:
http://www.reddit.com/r/GotCrypto/comments/1xf923/highlighted_community_on_reddit_at_rcryptomarkets/

patmast3r

hero member

Activity: 980

Merit: 1001

Quote from: elambert on February 08, 2014, 05:14:02 PM

Quote from: papersheepdog on February 08, 2014, 04:44:33 PM

Quote from: patmast3r on February 08, 2014, 03:27:01 PM

Quote from: papersheepdog on February 08, 2014, 03:23:27 PM

Quote from: patmast3r on February 08, 2014, 03:13:16 PM

Do I understand this correctly that 90 % of all CGBs are already mined ? So "in 10%" all that's left is POS and Interest...that's pretty cool !

You know what this would be a great opportunity to get some clarity perhaps from MercSuey. The precise details are not critical at this point but I will explain it as I understand it and perhaps someone can correct me. The PoW mining rewards for CGB amount to a total deployment of 1'000'000 CGB. I am not sure if PoS minting is factored into this target, but once the PoW mining has hit its final target of 1'000'000 CGB, the protocol will allow a maximum indefinite inflation rate of %2.00/year assuming all wallet holders are saving for 90 days and minting (not likely), while miners are picking up the %0.5 reward which is given out thereafter. The key point to remember is that this inflation rate is modelled after the gold supply. Like the historical gold supply, it does not hit a limit and stop which would potentially cause unstable deflation and encourage hording.

Are you saying the mining will continue after 1 000 000 CGB have been created and the miners will be rewarded with .5% of all the interests ?

According to the announcement:

• 1.5% Annual PoS Interest
• Subsidy halving after every 50k blocks until reward of 0.01 is reached were it will remain in perpetuity
• ~1,000,000 Cryptogenic Bullion cap with 0.5% annual PoW inflation

This could be interpreted that there is a hard cap but the wording strongly suggests by "cap with 0.5% annual PoW inflation" and "[reward]... will remain in perpetuity" that the 1'000'000 CGB is just a mining target for last non-0.01 reward. From then on a steady rate of at most 2.00% per year increase in the monetary base occurs. In fact the miners will receive at least 25% of all reward, while prudent savers will receive at most 75% of total newly mined/minted CGB.

Yes, as psd pointed out, PoW mining will continue forever at a rate of .01 CGB per block (once this baseline reward is reached).

Do you think people will really keep mining for that kind of CGB ?
How do you feel about implementing a system similar to NXTs where ther is absolutely no POW needed anymore ?

Don't mean to criticize - just thinking out loud here

elambert

legendary

Activity: 1696

Merit: 1008

Sorry - here

https://bitcointalksearch.org/topic/m.4173405

Digicoiner

sr. member

Activity: 310

Merit: 250

In Crypto I trust.

Quote from: elambert on February 09, 2014, 01:03:15 AM

Quote from: Digicoiner on February 09, 2014, 12:56:30 AM

Quote from: elambert on February 08, 2014, 05:02:08 PM

Quote from: pgbit on February 08, 2014, 01:11:16 PM

I am getting a "Checkpoint too old / notify dev" message but with 8 active connections.

Current blocks:323660
Estimated total blocks: 323654

Client version: v1.1.6.4-gdf9d55a-cgb

Do I need to add some newer nodes? Thanks for any help.

Please download the newest version of the client with updated checkpoint (1.1.6.5):
https://cryptogenicbullion.org/#download

I've upgraded to 1.1.6.5 using the installer but still getting the checkpoint too old error. How can I fix this?

Please follow instruction here.

Instructions where? I don't see any.

elambert

legendary

Activity: 1696

Merit: 1008

Quote from: Digicoiner on February 09, 2014, 12:56:30 AM

Quote from: elambert on February 08, 2014, 05:02:08 PM

Quote from: pgbit on February 08, 2014, 01:11:16 PM

I am getting a "Checkpoint too old / notify dev" message but with 8 active connections.

Current blocks:323660
Estimated total blocks: 323654

Client version: v1.1.6.4-gdf9d55a-cgb

Do I need to add some newer nodes? Thanks for any help.

Please download the newest version of the client with updated checkpoint (1.1.6.5):
https://cryptogenicbullion.org/#download

I've upgraded to 1.1.6.5 using the installer but still getting the checkpoint too old error. How can I fix this?

Please follow instruction here.

Digicoiner

sr. member

Activity: 310

Merit: 250

In Crypto I trust.

Quote from: elambert on February 08, 2014, 05:02:08 PM

Quote from: pgbit on February 08, 2014, 01:11:16 PM

I am getting a "Checkpoint too old / notify dev" message but with 8 active connections.

Current blocks:323660
Estimated total blocks: 323654

Client version: v1.1.6.4-gdf9d55a-cgb

Do I need to add some newer nodes? Thanks for any help.

Please download the newest version of the client with updated checkpoint (1.1.6.5):
https://cryptogenicbullion.org/#download

I've upgraded to 1.1.6.5 using the installer but still getting the checkpoint too old error. How can I fix this?

elambert

legendary

Activity: 1696

Merit: 1008

Quote from: papersheepdog on February 08, 2014, 04:44:33 PM

Quote from: patmast3r on February 08, 2014, 03:27:01 PM

Quote from: papersheepdog on February 08, 2014, 03:23:27 PM

Quote from: patmast3r on February 08, 2014, 03:13:16 PM

Do I understand this correctly that 90 % of all CGBs are already mined ? So "in 10%" all that's left is POS and Interest...that's pretty cool !

You know what this would be a great opportunity to get some clarity perhaps from MercSuey. The precise details are not critical at this point but I will explain it as I understand it and perhaps someone can correct me. The PoW mining rewards for CGB amount to a total deployment of 1'000'000 CGB. I am not sure if PoS minting is factored into this target, but once the PoW mining has hit its final target of 1'000'000 CGB, the protocol will allow a maximum indefinite inflation rate of %2.00/year assuming all wallet holders are saving for 90 days and minting (not likely), while miners are picking up the %0.5 reward which is given out thereafter. The key point to remember is that this inflation rate is modelled after the gold supply. Like the historical gold supply, it does not hit a limit and stop which would potentially cause unstable deflation and encourage hording.

Are you saying the mining will continue after 1 000 000 CGB have been created and the miners will be rewarded with .5% of all the interests ?

According to the announcement:

• 1.5% Annual PoS Interest
• Subsidy halving after every 50k blocks until reward of 0.01 is reached were it will remain in perpetuity
• ~1,000,000 Cryptogenic Bullion cap with 0.5% annual PoW inflation

This could be interpreted that there is a hard cap but the wording strongly suggests by "cap with 0.5% annual PoW inflation" and "[reward]... will remain in perpetuity" that the 1'000'000 CGB is just a mining target for last non-0.01 reward. From then on a steady rate of at most 2.00% per year increase in the monetary base occurs. In fact the miners will receive at least 25% of all reward, while prudent savers will receive at most 75% of total newly mined/minted CGB.

Yes, as psd pointed out, PoW mining will continue forever at a rate of .01 CGB per block (once this baseline reward is reached). This will occur close to the estimated cap of 1 million, but I would have to take a closer look for an exact calculation. The .01 PoW reward will account for .5% yearly inflation based on the 1 million estimate. PoS interest will pay a max of 1.5% per year - this assumes that all funds are held and not moved, any CGB in circulation would reduce this 1.5% estimate. Basically the max inflation possible is 2% per year once the baseline PoW subsidy is reached.

elambert

legendary

Activity: 1696

Merit: 1008

Quote from: pgbit on February 08, 2014, 01:11:16 PM

I am getting a "Checkpoint too old / notify dev" message but with 8 active connections.

Current blocks:323660
Estimated total blocks: 323654

Client version: v1.1.6.4-gdf9d55a-cgb

Do I need to add some newer nodes? Thanks for any help.

Please download the newest version of the client with updated checkpoint (1.1.6.5):
https://cryptogenicbullion.org/#download

papersheepdog

sr. member

Activity: 266

Merit: 250

Quote from: patmast3r on February 08, 2014, 03:27:01 PM

Quote from: papersheepdog on February 08, 2014, 03:23:27 PM

Quote from: patmast3r on February 08, 2014, 03:13:16 PM

Do I understand this correctly that 90 % of all CGBs are already mined ? So "in 10%" all that's left is POS and Interest...that's pretty cool !

You know what this would be a great opportunity to get some clarity perhaps from MercSuey. The precise details are not critical at this point but I will explain it as I understand it and perhaps someone can correct me. The PoW mining rewards for CGB amount to a total deployment of 1'000'000 CGB. I am not sure if PoS minting is factored into this target, but once the PoW mining has hit its final target of 1'000'000 CGB, the protocol will allow a maximum indefinite inflation rate of %2.00/year assuming all wallet holders are saving for 90 days and minting (not likely), while miners are picking up the %0.5 reward which is given out thereafter. The key point to remember is that this inflation rate is modelled after the gold supply. Like the historical gold supply, it does not hit a limit and stop which would potentially cause unstable deflation and encourage hording.

Are you saying the mining will continue after 1 000 000 CGB have been created and the miners will be rewarded with .5% of all the interests ?

According to the announcement:

• 1.5% Annual PoS Interest
• Subsidy halving after every 50k blocks until reward of 0.01 is reached were it will remain in perpetuity
• ~1,000,000 Cryptogenic Bullion cap with 0.5% annual PoW inflation

This could be interpreted that there is a hard cap but the wording strongly suggests by "cap with 0.5% annual PoW inflation" and "[reward]... will remain in perpetuity" that the 1'000'000 CGB is just a mining target for last non-0.01 reward. From then on a steady rate of at most 2.00% per year increase in the monetary base occurs. In fact the miners will receive at least 25% of all reward, while prudent savers will receive at most 75% of total newly mined/minted CGB.

patmast3r

hero member

Activity: 980

Merit: 1001

Quote from: papersheepdog on February 08, 2014, 03:23:27 PM

Quote from: patmast3r on February 08, 2014, 03:13:16 PM

Do I understand this correctly that 90 % of all CGBs are already mined ? So "in 10%" all that's left is POS and Interest...that's pretty cool !

You know what this would be a great opportunity to get some clarity perhaps from MercSuey. The precise details are not critical at this point but I will explain it as I understand it and perhaps someone can correct me. The PoW mining rewards for CGB amount to a total deployment of 1'000'000 CGB. I am not sure if PoS minting is factored into this target, but once the PoW mining has hit its final target of 1'000'000 CGB, the protocol will allow a maximum indefinite inflation rate of %2.00/year assuming all wallet holders are saving for 90 days and minting (not likely), while miners are picking up the %0.5 reward which is given out thereafter. The key point to remember is that this inflation rate is modelled after the gold supply. Like the historical gold supply, it does not hit a limit and stop which would potentially cause unstable deflation and encourage hording.

Are you saying the mining will continue after 1 000 000 CGB have been created and the miners will be rewarded with .5% of all the interests ?

papersheepdog

sr. member

Activity: 266

Merit: 250

Quote from: patmast3r on February 08, 2014, 03:13:16 PM

Do I understand this correctly that 90 % of all CGBs are already mined ? So "in 10%" all that's left is POS and Interest...that's pretty cool !

You know what this would be a great opportunity to get some clarity perhaps from MercSuey. The precise details are not critical at this point but I will explain it as I understand it and perhaps someone can correct me. The PoW mining rewards for CGB amount to a total deployment of 1'000'000 CGB. I am not sure if PoS minting is factored into this target, but once the PoW mining has hit its final target of 1'000'000 CGB, the protocol will allow a maximum indefinite inflation rate of %2.00/year assuming all wallet holders are saving for 90 days and minting (not likely), while miners are picking up the %0.5 reward which is given out thereafter. The key point to remember is that this inflation rate is modelled after the gold supply. Like the historical gold supply, it does not hit a limit and stop which would potentially cause unstable deflation and encourage hording.

patmast3r

hero member

Activity: 980

Merit: 1001

Do I understand this correctly that 90 % of all CGBs are already mined ? So "in 10%" all that's left is POS and Interest...that's pretty cool !

Topic: Historic Cryptogenic Bullion thread - CLOSED - page 83. (Read 286624 times)