Topic: Historic Cryptogenic Bullion thread - CLOSED - page 91. (Read 286624 times)

Welcome sixteendigits!

I also got this number from other thread but just would like to get the confirmation from the developer.

If I remember correctly there was a 0.94% premine, and all of it plus more was given away, with a transparency ledger in place

Hi, whenever I try to load up a wallet after syncing it for a while, it just simply won't load and it will just get stuck at the logo before the wallet GUI loads up. Is this happening to other people? Also is there problems with people's wallets syncing with the network?

Hi Elambert, I could not find any information about premind in thread. Would you mind to tell me that what is the percentage of premind for this one. Cheers.

For the POS to work do we need to keep coins stationary in our wallet for 30 days, or can we add/remove coins from our wallet in the 30 day period?

Not, I am actually living in New Zealand but I do visit lots of Chinese forums. The Chinese New Year crypto ban is more a rumor than anything at the moment. But recently there are a few chinese tv reports about bitcoin, which all overstate the negative side of bitcoin. So people believe this is also the view of the Chinese authorities. That is why people worry about there could be more polices to come to limit the development of bitcoin in china.

I hated CGB for a long time, thought it was just a stupid gimmick coin that was gonna die and go into a deflationary spiral as soon as it was all mined.  I am glad to see a small amount of inflation has been added mainly through PoS.  I know inflation can be a bit of a dirty word in the crypto world, but a small amount to secure the block chain and ensure a steady stream of CGB continues to trickle into the market to keep it usable as a real world currency is a-okay in my book.  I am a believer now, gonna buy up a few thousand while the price is low.  Keep up the good work and hope CGB can get into china soon!

No prob 

Yes it does.
Thanks for the clarification.

The mining you are thinking of is via PoW with which the subsidy payment (block reward) will continue halving every 50k blocks until a baseline of .01 CGB per block is hit where it will remain forever. About .5% yearly inflation.

The PoS interest is another form of mining which pays based on holding CGB in your wallet for longer than 30 days (also helps secure the network). This mining will continue at a rate of 1.2-1.5% interest per year.

Essentially the maximum inflation per year for CGB once the baseline PoW subsidy is hit is about 2% (1.5% PoS, .5% PoW).

Hope this helps to clarify.

Sorry about the newbie question.

That means only around 62,000 coins are left to mine (takes around 9 months with the current rate) and what happens when thats done?
How will be the interest paid once the mining is finished?

Thanks.

938,603 CGB in existance
http://explorer.cryptogenicbullion.org:2750/chain/CryptogenicBullion

1.2-1.5% annual interest on CGB held stationary in wallets for 30-90 days and 225 new CGB minted each day.

Interesting coin.
Do yu know how many of this coins are in circulation now?

Thanks

Thank you Percy! China has been a target for CGB for some time now, one of our first website translations was to Chinese to facilitate this. Obviously we have yet to break through so Chinese community support is critical and helpful. Are you in China? I am curious to get clarity on what the Chinese New Year crypto ban actually means as this is very unclear to me and others I am sure.

BTW, we have reached out to Bter and BTC38 numerous times to no avail, FYI.

Why CGB not listed on Bter? I am sure it could rise a lot more if it can attract more Chinese investor's attention.
I am a Chinese investor so I will try my best to promote this coin in the Chinese community.

Hard to tell my friend. For whatever reason, CGB has been ignored by a number of exchanges thus far (despite a long stint as a top 10 market cap coin with top 10 volume) limiting CGB's exposure. The frenzied wave of clone war coins have essentially pushed CGB out of the limelight.

We continue to work on development, pushing the envelope and maintaining blockchain stability. CGB will rise again, far too much going on for it not to IMHO.

After doing some research, I do believe this coin is much undervalued. There are only 1m of this coin but the current price is only $1. I don't understand what causing this coin to be so much undervalued? Anyone know? Any I can see this coin will move up a few x in the near future. So I just bought 1k and may buy some more later on if anyone could answer my question.

Due to the constant state of flux in the crypto landscape, we must be flexible and continue to adapt and change the priority of projects as necessary so it is difficult to give concrete milestones and timelines. The main focal points however for 2014 are: technical development and community growth. Those in the community such as yourself can help tremendously in the area of community growth by spreading the word of CGB and its differentiation that makes it something special - i.e. social media, chat rooms, merchants, videos, forums, technical write up guides, exchange requests, etc.

Should you have particular technical skills and ideas that you think would be beneficial to CGB's community and success, please feel free to contact us via the website to discuss. We are currently a team of 3 with a 4th potential member in an evaluation stage as we speak so we continue to grow our manpower to address all of the lofty plans that we have and continue to dream up. Here are a few of the specific projects that are in development now:

1. MADEsparq
2. New website
3. Additional translations
4. CGB dedicated forum
5. CGB client 2.0
6. Continued push for addition to exchanges
7. Growth of the CGB community and development team
8. Advertising, advertising, advertising

Additional details and projects will be revealed in time but lets just say there is a lot being done in the background.

Thank you for your support and offer to assist; community adoption, ownership and responsibility for CGB are in my opinion critical to CGB's success. You can see everyday more and more people getting a stake and getting involved. The current price-point is a delicious entry invitation and of course all are welcomed with open arms. We are all very excited about the projects and developments in the pipeline and look forward to working in tandem with the community.

Ok, I think I like the new website and I like the cards...besides those things, what is this years gameplan for the coin's adoption? With only around 1 million coins, it seems like we would need just a fraction of the adoption that bitcoin and litecoin has to increase the coins value to atleast $100 a piece? Do you have list of goals that you are following, and if so could you put out one for the community so that we can help with whatever we can? I would love to help make this coin something great and soon! Please PM me or place on here a outline of what needs to happen for CB to skyrocket!