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Topic: Historic Cryptogenic Bullion thread - CLOSED - page 9. (Read 286590 times)

sr. member
Activity: 346
Merit: 255
I have been buying the low-ball CGB at cryptsy; its great! When the daily pocket change CGB offer gets bought, price moves fast...

I might have to join you there, lots of CGB faling into strong hands at the moment - love it!

Some kind (bonkers) person dumped ~1.5k CGB for 0.00010000 about a month ago - My purchase of the year I'm betting...  Grin
legendary
Activity: 894
Merit: 1064
I have been buying the low-ball CGB at cryptsy; its great! When the daily pocket change CGB offer gets bought, price moves fast...

Best thing this coin has is its team; can't wait for the new developments, and new CGB applications.
sr. member
Activity: 346
Merit: 255
If we keep getting added to exchanges then we stand a better chance of getting added to ones with higher volume.

I'm glad those sell walls on Cryptsy are gone. September could be a good month for CGB.

It's doing well so far  Shocked
member
Activity: 111
Merit: 10
If we keep getting added to exchanges then we stand a better chance of getting added to ones with higher volume.

I'm glad those sell walls on Cryptsy are gone. September could be a good month for CGB.
legendary
Activity: 1169
Merit: 1000
but bleutrade is not for me a good exchange ( low volumes )
legendary
Activity: 1169
Merit: 1000
i agree for new exchange ( if good exchange )
cryptsy is not enought to promote the coin
legendary
Activity: 1960
Merit: 1010
My pleasure. Some CGB'ers have expressed the opinion that we do not need more exchanges. Last period this hasn't been a focus really, once in awhile we have a new listing. Even though I agree it's not needed I also think it would be a missed chance not to list in other places. Every exchange gains it's own userbase so every listing is an increased chance to attract new investors, it would be foolish not to reach out to as many people possible. It would be great to have CGB listed in the best exchange(s) of every country really so we will have supporters and investors from all over the world.
legendary
Activity: 1696
Merit: 1008
Good stuff BTCat! Thanks for the heads-up!
legendary
Activity: 1960
Merit: 1010
Someone had requested to list CGB for votings on Bleutrade and it's on the list now. It's only paid votings.
(Each vote 0.0001 BTC. For this you need to have a positive balance to vote)
https://bleutrade.com/voting

It looks as a quite decent exchange with some volume at least, and USD markets too. It looks as they are from Brazil but im not very sure.
Because it's cheap to vote I'll add 100 votes.
Could be enough already to have it listed in 4-6 weeks or so but if you like make some votes.  
sr. member
Activity: 346
Merit: 255
fair enough - good to talk it over Smiley
legendary
Activity: 1696
Merit: 1008
I would have throught that moving to entirely PoSV (or at least implementing the non-linear reward PoS calculation) would result in the highest adoption rate possible as it means that anyone can start generating new coins buy first investing and then just keeping their full node wallet running 24/7; removeing the entry barrier of expensive/depreciating specialist mining hardware...

The previously mentioned sharing of unclaimed stake for those who are actively staking IS a non-linear reward PoS calculation. By keeping PoW additional to this, the blockchain has another level of security and can appease both PoW AND PoS miners/minters.

Keep in mind with this implementation, the inflationary rate would still be about 50 CGB generated per day (2% yearly - same as current if all are staking). The distribution would still be 0.5% per year to the PoW miners while the other 1.5% per year would be distributed to those actively staking the network, ideally all would do this, but those that do would be rewarded for their efforts in protecting the network.
member
Activity: 111
Merit: 10
CGB needs your support in this thread to get added to the casheer payment app! Please help and post your support! http://forum.casheer.net/viewtopic.php?f=15&t=144

Bump!

Come on guys show a little support at casheer, could be really good for CGB adoption.
sr. member
Activity: 346
Merit: 255
I would have throught that moving to entirely PoSV (or at least implementing the non-linear reward PoS calculation) would result in the highest adoption rate possible as it means that anyone can start generating new coins buy first investing and then just keeping their full node wallet running 24/7; removeing the entry barrier of expensive/depreciating specialist mining hardware...
legendary
Activity: 1696
Merit: 1008
Very valid points and an important discussion. The objectives for CGB adoption, in my opinion, are 1) maximizing security while staying within the 'set in stone' inflationary profile of of 2% per year and 2) making CGB as user friendly as possible.

The best way to do the former is to maximize the hybrid algorithm's potential. This means encouraging as many coins as possible to be staked PoS side and as high of a hash rate as possible PoW side. The best options at this point are rewarding the un-staked coins to those who are staking and protecting the network (which will encourage more people to stake more often) in conjunction with merged mining to boost the hash rate.

Suggestions for better ways to do this will be considered as presented but again, please keep the objectives for adoption in mind.
sr. member
Activity: 346
Merit: 255
We have previously touched on the concept of sharing out the unclaimed interest amongst the active miners on the network, this combined with PoSV would surely be a winner?

It's already good as it is so no need to change it. Not like to see the coins I'm not generating into the hands of others, proof of stake is meant as a reward for holding, if someone decides not to stake, like Satoshi said, it's a gift to everyone holding CGB's and they may all be a tiny bit more worth because of that person not claiming.

The hash rate (no idea on stake rate but I bet its not that high either) is far too low currently thus the OP about the move to merged mining - change is coming, want to make sure all the avenues have been explored.

if someone decides not to stake, like Satoshi said, it's a gift to everyone holding CGB's and they may all be a tiny bit more worth because of that person not claiming.

If someone decided not to stake then if you are staking you get their coins instead, network security preserved, inflation rate unchanged and you get richer as a result of you holding and staking.
legendary
Activity: 1960
Merit: 1010
We have previously touched on the concept of sharing out the unclaimed interest amongst the active miners on the network, this combined with PoSV would surely be a winner?

I wouldn't like to see either of these two options for CGB, it's already good as it is so no need to change it. Not like to see the coins I'm not generating into the hands of others, proof of stake is meant as a reward for holding, if someone decides not to stake, like Satoshi said, it's a gift to everyone holding CGB's and they may all be a tiny bit more worth because of that person not claiming.

On another note, I do like the idea of a decentralized business or company and if developments or growth can go at a higher pace with some more funds then these 'unstaked' coins may be an option, everyone would profit from CGB developing in a better way. Such change should have enough support from within the community.
sr. member
Activity: 346
Merit: 255
Hey CGB devs!

I have spent a little time reflecting on the prospect of moving to merged mining in an attempt to increase our hash rate and further secure the network. I assume we would look to align ourselves with one of the bigger scrypt coins like LiteCoin much as Dogecoin has done recently? Does this mean that we become somewhat reliant on this partner coin to stay the course to ensure our hash rate?

Has the concept of moving to an entirely PoSV minting process been discussed before? ReddCoin has had quite the success moving to 100% PoSV as it both negates the need for powerful hardware and dramatically increases/actively encourages continual full node participation on the network.

http://i.imgur.com/elZ9bxfh.jpg

We have previously touched on the concept of sharing out the unclaimed interest amongst the active miners on the network, this combined with PoSV would surely be a winner?

Just some ideas, what do you guys think?

FR
legendary
Activity: 1382
Merit: 1002
The wallet is looking great elambert!
Do you know whether the syncing works faster with this wallet? I know that syncing the blockchain on osx is very painful... takes forever on my machines. For whatever reason the syncing is a couple of magnitudes faster on windows (vs osx) on my lan.

Are there plans for making a lightweight client similar to multibit for BTC, eg the blockchain sits on a central server and not on the users machine. This feature would be mighty handy if we would make a CGB wallet for our mobile devices.  Cool
sr. member
Activity: 346
Merit: 255
Excellent update guys - really very excited for the future of CGB  Smiley  Smiley  Smiley
legendary
Activity: 1696
Merit: 1008
CGB Core Team Update - September 4, 2014

Please also see the Reddit post for further discussion.

Greetings to the CGB family! So much going on behind the scenes as well as in the community - very exciting times we are experiencing! On behalf of the CGB Core Team, I would like to make an announcement to summarize what is going on presently and give some detail to the direction that we are heading. Remember, the CGB Core Team is a group of volunteers committed to CGB because we believe in its fundamentals. CGB is only as strong as the community who rallies around it and supports its promotion and adoption, so please get involved by spreading the word, voting, posting, or wherever else you feel you can contribute to community improvement.

Updates:

-   Development continues and is progressing very nicely with the new CGB client ‘The Vault 2.0’. Again, ‘The Vault 2.0’ includes a redesigned GUI, Coin Control, QR codes, unlock for staking button and some other surprises. We are now beginning testing of the Coin Control features via testnet and will keep the community appraised as a more concrete release date develops. Below are a couple new teaser screenshots.



 
-   As soon as ‘The Vault 2.0’ is released to the public, work on the next client update will continue with a tentative target release date of late 2014. ‘The Vault 2.1’ will include a hard fork as there will be adjustments to even further secure the network via achieving a more balanced PoW/PoS block generation and planned implementation of merge mining to boost the hashrate. Expect the client to continue to evolve dramatically as we have a number of exciting ‘new to the cryptosphere’ features in the pipeline to develop and implement. The team is aligned with the shared mission of adding features that are user friendly, game changing and practical as we believe innovation and simplicity of use to be critical factors in the push for mass adoption.

-   To the previous point, we are always looking for interested collaborators to join the CGB Core Team and to help with the development and implementation of the growing pipeline of projects. Experienced developer positions are open as well as a ‘Lead Artist’ position to handle logo, banners, advertisements, etc. Please reach out directly should you want to apply for any of the openings through the website or email us directly at [email protected].

-   The language on the CGB website has been edited in a manner that hopefully makes the minting of CGB via PoS easier for the less techno savvy to understand and follow – again ease of use is a priority that we will continue to address and improve as we feel this is critical to mass adoption. Suggestions are of course welcome with better clarifying this or just editing. Here is the link to the edited ‘Get CGB’ page.

-   Our friends at Finite By Design, LLC have announced that they will be attending a ‘Bitcoin Conference’  in early October where they will parlay their promotional table to also promote Cryptogenic Bullion! It sounds as if the raffling off of a physical Cryptogenic Bullion bar made of 1 troy ounce of .999 silver will occur as well as handouts of CGB business cards containing 1 CGB each! This is extremely exciting news and we are very grateful for this collaboration! Below are screenshots of the CGB business card templates as provided by Finite By Design, LLC.


-   We will once again be working with our friends over at CryptoBiz Magazine to create a promotional video press release for CGB. More to come on this…

-   We are extremely excited about a new product being developed for which CGB is in the running to be included, CasheerApp. Please check out the project and show your support and if possible, please participate in the CGB thread to encourage Casheer to add CGB to their platform. Their decision on which coins to support is dependent on the communities participation as shown in their forums, so please stop by and put in a good word for CGB!

-   CGB is being actively voted for addition to a few exchanges at the moment so your support there is welcomed and encouraged as well.

* Bter - This is the focus priority for addition
* SwissCEX
* Cryptex
* AskCoin
   
-   There are currently about 954,000 CGB in circulation with an ever so slight inflationary headwind of an absolute maximum of about 50 CGB ($3 at current value) created per day via PoW and PoS. Compare this to the inflationary profile of Bitcoin where each day 7,200 new BTC are created ($3,420,000 at current value)! This startling statistic alone evidences why we believe Cryptogenic Bullion to be a superior store of value over the long term and as attention from investors builds, the market cap will rather quickly meet and surpass the previous all time highs from November/December of 2013 when CGB was valued at over $5 each.

The CGB Core Team
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