White paper
"This step will be the step where Crypto Bullion is converted to a full-fledged Quintessence
sidechain; a CBX hard fork is to be planned, Spark should not need one but it remains a
possibility. This step will enable the decentralized conversion tool, which will start with
current market valuations as basis for this tool. The CBX team will work with the Spark
dev team to make this step a reality - but ultimately CBX remains a separate dev team."
I have a question about this step
After we can stak CBX and SparK on the same wallet where there will always be two wallet differing.
First step is creating the sidechain token (ongoing now) - second step was to add EVM functions to an effective sidechain of SPK.
CBX integration was to be a third step; this would all go as planned in the white paper
if the ICO had gone as planned, and we had proper funding.
1) the ICO did not go as planned,
2) we have decided (as per your suggestions) to make a smaller amount of SPK but with a higher staking reward rate, so with the new current parameters of SPK if we integrate CBX while SPK pays much more
all CBX would simply get converted to SPK because the interest of SPK's staking will be much higher than that of CBX. CBX was to be the high income counterpart of SPK - as of now SPK will give 10% in staking rewards while CBX pays only 2%, therefore CBX cannot be the high-reward counterpart, as it pays less.
3) CBX has the threat of 124000 CBX being dumped on the market looming, because of the Cryptsy fiasco - until this is resolved there is no way we can integrate CBX.
For these reasons, as we stand now,
I doubt there can be a CBX integration to SPK; although this could be envisioned in the future, especially when point number 3) is resolved.
