Topic: Why do I like CGB? (Read 1703 times)

When I said this ^^, I never meant, or thought that the miners would drop off to zero, that just ain't going to happen, there will always be hashing power behind CB.
As MercSuey said earlier in this thread, the Dev team have up 20mh designated to mining CB, to help prevent this happening.
It would only take a handful of miners with decent hashing power to double this, and the block reward may be, at that time, profitable enough to give incentive for miners to carry on mining.

Lets just see how this plays out, and if indeed you are right about this, as we approach this point, see how things are and come up with a solution. Instead of spreading FUD, why not do something useful with yourself and post an idea of how you see this being prevented.

Yeah, no forks or stuck blockchains with CB.

+1,000,000

+1

Yes of course, lets not forget about the team behind CB, their honesty, and all they have done to make this currency what it is.

Many new currencies that have been released lately, have been just for the sole purpose of the developer/developers making a quick buck.
Premining/instamining, promising services and giveaways which this premine/instamine is supposedly going to pay for, hyping the currency up, bribing an exchange, dumping their coins as soon as it hits the exchange, then running on to their next release and so on and so on.

The CB Dev team are doing things in the total opposite way, and in the right way at that. They know trust and transparency are among the first building blocks of anything new which people are going to buy into and support. They have been working hard on CB, and are building a solid framework around it.
They have always had the end product in mind, not just hoping it will get to where they would like it to be, but actively moving it towards its goal, as a high value per unit commodity. They are investing their time and money into it, knowing if they work hard enough, people will support it, and it will become something we can all use, whether that be as a store of value, or for exchange of goods and services.

Also don't forget about us, the community supporting it either. We are the legs on which it stands, and as much important as the Dev team themselves. We are the ones carrying CB towards that goal, whilst they are the ones clearing the path ahead.

Why do I like CGB? Because I like it.
Simple as that.

Why do I like CGB?

One million cap

First three months approx 82% mined

Developers are active on the forums and in trade sites.  I personally saw Elambert looking for BitJohn on Cryptsy to make sure they had updated their wallet client 6 hrs before the deadline.

They will be very difficult to mine in just three months.

Very small premine with full a disclosure ledger

"Do you have any Crypto?"  just sounds friggin cool

I can buy hot sauce with them.

Developers have communicated information about any news or updates quickly and efficiently.  All updates went very smooth, from my personal experiences.



I'm sorry but this one is just a no brainer, there are approx 170 currencies recognized by the UN in the world today.  We need alternatives to the bitcoin, Cryptogenic Bullion has displayed the community and capability to do so thus far.

In the short term this may seem so, as there are a lot of 'Bullions' out there on the market. Over the next couple of months, as the mining reward is reduced, and as more people begin to become holders of CB, and the longterm holders add to their own savings, the short term 'playing' supply will dry up.

You make a fine point sir.

i wasn't meaning short term whims of the markte trading.

comments are based on people saying this "is not for the daytrader/overnight quick profit investor, or the pump and dumper.", when there almost isn't a coin out there better suited

A few BTC could buy up so much of it. You can profit over in short term yes. Holding onto longer, with current price = a lot of profit.

Yea do what you want with it digeros, was just a moment's passing thought. Some of my thoughts are best not shared, locked away in a dark recess somewhere, but feel free to do as you wish with this one

Sure its not 

Exactly Killiz!!! Bravo, I could not Agree more  --- I cant believe how long transactions are starting to take on the BTC network and actively exploring alt-coins as further experiments on this idea of a secure blockchain based coin  and the different methods used to secure the infrastructure of the coin...  Can I quote you elsewhere  I am going to have it ticker across my laptop screensaver... it is quite brilliant and poignant.  - digeros

Read all about it here : https://bitcointalksearch.org/topic/historic-cryptogenic-bullion-thread-closed-245086
You can decide on the "how do you think it compares" part, as I'm not gonna state an official opinion, not now, not here.

How do you think it compares to BitBar???  a POW-POS script hashing coin   DOes CGB give a POS stake payment in Coins???  What effective annual rate???  - digeros

Really?? Again with the useless walls of text and ignorant talk how CGB (or any other coin) is bad in some way?
Drop it, nobody cares about your nonsense.

We love CGB, even more for its rarity 

Or if you use the same PoS code as allmost every other coin, you just create forks and stuck blockchains.

God bless you my friend!

Glad to see you and Merc ironed things out

I will PM you now, I have something I would like to discuss with you...

None at all.  It's all good. 

Yea I see where he mentioned it now, just read through the entire post  maybe I should take a pill from time to time, or go for a walk round the block.....no hard feelings Merc