Why do I like CGB? - page 2. | Bitcointalksearch.org

mercSuey

sr. member

Activity: 364

Merit: 250

Quote from: claycoins on August 22, 2013, 09:31:32 PM

Quote from: mercSuey on August 22, 2013, 08:32:07 PM

Quote from: claycoins on August 22, 2013, 08:27:05 PM

CGB block reward halves every month or so.
Bitcoin block reward halves every 3-4 years.

CGB gives no time for itself to become established and become useful to create enough transaction fees to sustain a secure network.

So what are you saying? That CGB halves itself into oblivion? Did you come up with that reasoning all by yourself or did you get help?

LOL, sorry that is what I read when the coin is released. Looks like it is slightly changed that it halves until 0.01 but that is hardly going to matter.

Killiz, I was replying to this...he just said PoW will halve until 0.01 reward. Again, apologies for the misunderstanding.

...I'm going back to coding, you're right...I'll leave public relations to Elambert. lol

Killiz

hero member

Activity: 750

Merit: 503

Quote from: mercSuey on August 22, 2013, 09:52:50 PM

Quote from: Killiz on August 22, 2013, 09:51:35 PM

Quote from: mercSuey on August 22, 2013, 09:40:54 PM

Quote from: claycoins on August 22, 2013, 09:33:18 PM

Quote from: Killiz on August 22, 2013, 09:20:32 PM

Quote from: mercSuey on August 22, 2013, 08:59:43 PM

We do have big plans for development and we're working on them everyday. And I don't mean web development...I mean with the blockchain itself. But more details to be disclosed later. And lets be clear...CB is more virtual commodity than currency. The infrastructure is there to be used as a currency, but we are not trying to develop the next all-knowing all-seeing currency. We're something else entirely, and this will become more clear as time goes on.

This exactly.
From the start CGB was promoted as a store of value, rather than a small change currency. I and a few others understand this knowing that CGB is something to acquire now, and to hold for the long term. Once the majority of CGB is mined, the POS algorithm will take over to keep the blockchain alive.

There are only 1 million to be mined, and in only under 9 months, at the present time to mine them, after this the POS will kick in to keep the blockchain moving, even if the miners drop off, (although there will still be a block reward for miners of 0.01 CGB per block, which at the ''then'' price should be enough incentive to mine) and around 25000 per year will be awarded as Proof Of Stake interest to those which are holding.

CGB is not for the daytrader/overnight quick profit investor, or the pump and dumper. It is for long term investor.

Is POS going to move your coins on the network...NO.

You just said there will be a PoW reward of 0.01. And difficulty can adjust to near zero, giving incentive to mine for PoW rewards. But lets just assume the worst case scenario at that point that it isn't profitable to mine. Well, we have designated miners of up 20mh to assure the PoW blocks are moving....

You, sir, are less than half-informed of our developments and our future plans. I'd suggest you play the wait-and-see game.

I never said 0.01!! you did https://bitcointalk.org/index.php?topic=245086.0...seems like i'm more than half informed than you are.
I'm up on CGB I hold over 4% of what there will ever be and if I want that blockchain to move I will move it myself.
I'm trying to promote this thing... maybe this isn't your thing and should be left to your friend Elambert to do the talking cos you sounding a bit of a dick to me.

Killiz, that wasn't addressed to you, brother. Perhaps I should have replied directly to claycoins comment. Apologies for the misunderstanding, but I thought it was clear by my answer who I was speaking to.

Was myself who mentioned the 0.01 reward and that was what your initial response was aimed at, read it a couple of times and still looked like you were firing one at me

mercSuey

sr. member

Activity: 364

Merit: 250

Quote from: Killiz on August 22, 2013, 09:51:35 PM

Quote from: mercSuey on August 22, 2013, 09:40:54 PM

Quote from: claycoins on August 22, 2013, 09:33:18 PM

Quote from: Killiz on August 22, 2013, 09:20:32 PM

Quote from: mercSuey on August 22, 2013, 08:59:43 PM

We do have big plans for development and we're working on them everyday. And I don't mean web development...I mean with the blockchain itself. But more details to be disclosed later. And lets be clear...CB is more virtual commodity than currency. The infrastructure is there to be used as a currency, but we are not trying to develop the next all-knowing all-seeing currency. We're something else entirely, and this will become more clear as time goes on.

This exactly.
From the start CGB was promoted as a store of value, rather than a small change currency. I and a few others understand this knowing that CGB is something to acquire now, and to hold for the long term. Once the majority of CGB is mined, the POS algorithm will take over to keep the blockchain alive.

There are only 1 million to be mined, and in only under 9 months, at the present time to mine them, after this the POS will kick in to keep the blockchain moving, even if the miners drop off, (although there will still be a block reward for miners of 0.01 CGB per block, which at the ''then'' price should be enough incentive to mine) and around 25000 per year will be awarded as Proof Of Stake interest to those which are holding.

CGB is not for the daytrader/overnight quick profit investor, or the pump and dumper. It is for long term investor.

Is POS going to move your coins on the network...NO.

You just said there will be a PoW reward of 0.01. And difficulty can adjust to near zero, giving incentive to mine for PoW rewards. But lets just assume the worst case scenario at that point that it isn't profitable to mine. Well, we have designated miners of up 20mh to assure the PoW blocks are moving....

You, sir, are less than half-informed of our developments and our future plans. I'd suggest you play the wait-and-see game.

I never said 0.01!! you did https://bitcointalk.org/index.php?topic=245086.0...seems like i'm more than half informed than you are.
I'm up on CGB I hold over 4% of what there will ever be and if I want that blockchain to move I will move it myself.
I'm trying to promote this thing... maybe this isn't your thing and should be left to your friend Elambert to do the talking cos you sounding a bit of a dick to me.

Killiz, that wasn't addressed to you, brother. Perhaps I should have replied directly to claycoins comment. Apologies for the misunderstanding, but I thought it was clear by my answer who I was speaking to.

Killiz

hero member

Activity: 750

Merit: 503

Quote from: mercSuey on August 22, 2013, 09:40:54 PM

Quote from: claycoins on August 22, 2013, 09:33:18 PM

Quote from: Killiz on August 22, 2013, 09:20:32 PM

Quote from: mercSuey on August 22, 2013, 08:59:43 PM

We do have big plans for development and we're working on them everyday. And I don't mean web development...I mean with the blockchain itself. But more details to be disclosed later. And lets be clear...CB is more virtual commodity than currency. The infrastructure is there to be used as a currency, but we are not trying to develop the next all-knowing all-seeing currency. We're something else entirely, and this will become more clear as time goes on.

This exactly.
From the start CGB was promoted as a store of value, rather than a small change currency. I and a few others understand this knowing that CGB is something to acquire now, and to hold for the long term. Once the majority of CGB is mined, the POS algorithm will take over to keep the blockchain alive.

There are only 1 million to be mined, and in only under 9 months, at the present time to mine them, after this the POS will kick in to keep the blockchain moving, even if the miners drop off, (although there will still be a block reward for miners of 0.01 CGB per block, which at the ''then'' price should be enough incentive to mine) and around 25000 per year will be awarded as Proof Of Stake interest to those which are holding.

CGB is not for the daytrader/overnight quick profit investor, or the pump and dumper. It is for long term investor.

Is POS going to move your coins on the network...NO.

You just said there will be a PoW reward of 0.01. And difficulty can adjust to near zero, giving incentive to mine for PoW rewards. But lets just assume the worst case scenario at that point that it isn't profitable to mine. Well, we have designated miners of up 20mh to assure the PoW blocks are moving....

You, sir, are less than half-informed of our developments and our future plans. I'd suggest you play the wait-and-see game.

I never said 0.01!! you did https://bitcointalk.org/index.php?topic=245086.0...seems like i'm more than half informed than you are.
I'm up on CGB I hold over 4% of what there will ever be and if I want that blockchain to move I will move it myself.
I'm trying to promote this thing... maybe this isn't your thing and should be left to your friend Elambert to do the talking cos you sounding a bit of a dick to me.

mercSuey

sr. member

Activity: 364

Merit: 250

Quote from: claycoins on August 22, 2013, 09:33:18 PM

Quote from: Killiz on August 22, 2013, 09:20:32 PM

Quote from: mercSuey on August 22, 2013, 08:59:43 PM

We do have big plans for development and we're working on them everyday. And I don't mean web development...I mean with the blockchain itself. But more details to be disclosed later. And lets be clear...CB is more virtual commodity than currency. The infrastructure is there to be used as a currency, but we are not trying to develop the next all-knowing all-seeing currency. We're something else entirely, and this will become more clear as time goes on.

This exactly.
From the start CGB was promoted as a store of value, rather than a small change currency. I and a few others understand this knowing that CGB is something to acquire now, and to hold for the long term. Once the majority of CGB is mined, the POS algorithm will take over to keep the blockchain alive.

There are only 1 million to be mined, and in only under 9 months, at the present time to mine them, after this the POS will kick in to keep the blockchain moving, even if the miners drop off, (although there will still be a block reward for miners of 0.01 CGB per block, which at the ''then'' price should be enough incentive to mine) and around 25000 per year will be awarded as Proof Of Stake interest to those which are holding.

CGB is not for the daytrader/overnight quick profit investor, or the pump and dumper. It is for long term investor.

Is POS going to move your coins on the network...NO.

You just said there will be a PoW reward of 0.01. And difficulty can adjust to near zero, giving incentive to mine for PoW rewards. But lets just assume the worst case scenario at that point that it isn't profitable to mine. Well, we have designated miners of up 20mh to assure the PoW blocks are moving....

You, sir, are less than half-informed of our developments and our future plans. I'd suggest you play the wait-and-see game.

Killiz

hero member

Activity: 750

Merit: 503

Quote from: claycoins on August 22, 2013, 09:33:18 PM

Quote from: Killiz on August 22, 2013, 09:20:32 PM

Quote from: mercSuey on August 22, 2013, 08:59:43 PM

We do have big plans for development and we're working on them everyday. And I don't mean web development...I mean with the blockchain itself. But more details to be disclosed later. And lets be clear...CB is more virtual commodity than currency. The infrastructure is there to be used as a currency, but we are not trying to develop the next all-knowing all-seeing currency. We're something else entirely, and this will become more clear as time goes on.

This exactly.
From the start CGB was promoted as a store of value, rather than a small change currency. I and a few others understand this knowing that CGB is something to acquire now, and to hold for the long term. Once the majority of CGB is mined, the POS algorithm will take over to keep the blockchain alive.

There are only 1 million to be mined, and in only under 9 months, at the present time to mine them, after this the POS will kick in to keep the blockchain moving, even if the miners drop off, (although there will still be a block reward for miners of 0.01 CGB per block, which at the ''then'' price should be enough incentive to mine) and around 25000 per year will be awarded as Proof Of Stake interest to those which are holding.

CGB is not for the daytrader/overnight quick profit investor, or the pump and dumper. It is for long term investor.

Is POS going to move your coins on the network...NO.

Not a coin, maybe you missed something.....read again. POS read again.

claycoins

hero member

Activity: 518

Merit: 500

Quote from: Killiz on August 22, 2013, 09:20:32 PM

Quote from: mercSuey on August 22, 2013, 08:59:43 PM

We do have big plans for development and we're working on them everyday. And I don't mean web development...I mean with the blockchain itself. But more details to be disclosed later. And lets be clear...CB is more virtual commodity than currency. The infrastructure is there to be used as a currency, but we are not trying to develop the next all-knowing all-seeing currency. We're something else entirely, and this will become more clear as time goes on.

This exactly.
From the start CGB was promoted as a store of value, rather than a small change currency. I and a few others understand this knowing that CGB is something to acquire now, and to hold for the long term. Once the majority of CGB is mined, the POS algorithm will take over to keep the blockchain alive.

There are only 1 million to be mined, and in only under 9 months, at the present time to mine them, after this the POS will kick in to keep the blockchain moving, even if the miners drop off, (although there will still be a block reward for miners of 0.01 CGB per block, which at the ''then'' price should be enough incentive to mine) and around 25000 per year will be awarded as Proof Of Stake interest to those which are holding.

CGB is not for the daytrader/overnight quick profit investor, or the pump and dumper. It is for long term investor.

Is POS going to move your coins on the network...NO.

claycoins

hero member

Activity: 518

Merit: 500

Quote from: mercSuey on August 22, 2013, 08:32:07 PM

Quote from: claycoins on August 22, 2013, 08:27:05 PM

CGB block reward halves every month or so.
Bitcoin block reward halves every 3-4 years.

CGB gives no time for itself to become established and become useful to create enough transaction fees to sustain a secure network.

So what are you saying? That CGB halves itself into oblivion? Did you come up with that reasoning all by yourself or did you get help?

LOL, sorry that is what I read when the coin is released. Looks like it is slightly changed that it halves until 0.01 but that is hardly going to matter.

Killiz

hero member

Activity: 750

Merit: 503

Quote from: mercSuey on August 22, 2013, 08:59:43 PM

We do have big plans for development and we're working on them everyday. And I don't mean web development...I mean with the blockchain itself. But more details to be disclosed later. And lets be clear...CB is more virtual commodity than currency. The infrastructure is there to be used as a currency, but we are not trying to develop the next all-knowing all-seeing currency. We're something else entirely, and this will become more clear as time goes on.

This exactly.
From the start CGB was promoted as a store of value, rather than a small change currency. I and a few others understand this knowing that CGB is something to acquire now, and to hold for the long term. Once the majority of CGB is mined, the POS algorithm will take over to keep the blockchain alive.

There are only 1 million to be mined, and in only under 9 months, at the present time to mine them, after this the POS will kick in to keep the blockchain moving, even if the miners drop off, (although there will still be a block reward for miners of 0.01 CGB per block, which at the ''then'' price should be enough incentive to mine) and around 25000 per year will be awarded as Proof Of Stake interest to those which are holding.

CGB is not for the daytrader/overnight quick profit investor, or the pump and dumper. It is for long term investor.

mercSuey

sr. member

Activity: 364

Merit: 250

We do have big plans for development and we're working on them everyday. And I don't mean web development...I mean with the blockchain itself. But more details to be disclosed later. And lets be clear...CB is more virtual commodity than currency. The infrastructure is there to be used as a currency, but we are not trying to develop the next all-knowing all-seeing currency. We're something else entirely, and this will become more clear as time goes on.

Killiz

hero member

Activity: 750

Merit: 503

Quote from: mercSuey on August 22, 2013, 08:32:07 PM

Quote from: claycoins on August 22, 2013, 08:27:05 PM

CGB block reward halves every month or so.
Bitcoin block reward halves every 3-4 years.

CGB gives no time for itself to become established and become useful to create enough transaction fees to sustain a secure network.

So what are you saying? That CGB halves itself into oblivion? Did you come up with that reasoning all by yourself or did you get help?

Bitcoin has no POS.
Bitcoin has no PO'L' (longevity).
Bitcoin is the first chapter in a book that is best known for its twisted ending.
Bitcoin is a big stone wheel, relentlessly being pushed along by the blind, leading the blind in tow.
Bitcoin was yesterday!....who knows what is today....and who knows what is tomorrow??
Bitcoin is so slow that I could send one of my pigeons to make a transaction, and return the receipt before the first confirm.
Bitcoin will ever so slowwwwly become obsolete. An antique, a novelty item.
Bitcoin is a relic to those who have buried it, but still a treasure to those who discover it.
Bitcoin is a template, a design, a seed, an origin.
Bitcoin is an insight, a beginning, a doorway to a whole new meaning.
Bitcoin is the giants shoulders on which we stand......but nothing more than this.

Some people are ignorant.
Some people are stubborn.
Some people are stupid.
Some people have just arrived, and some are leaving.
Some people are just looking ahead to the future, to make our dreams come true.

mercSuey

sr. member

Activity: 364

Merit: 250

Quote from: claycoins on August 22, 2013, 08:27:05 PM

CGB block reward halves every month or so.
Bitcoin block reward halves every 3-4 years.

CGB gives no time for itself to become established and become useful to create enough transaction fees to sustain a secure network.

So what are you saying? That CGB halves itself into oblivion? Did you come up with that reasoning all by yourself or did you get help?

claycoins

hero member

Activity: 518

Merit: 500

CGB block reward halves every month or so.
Bitcoin block reward halves every 3-4 years.

CGB gives no time for itself to become established and become useful to create enough transaction fees to sustain a secure network.

muddafudda

legendary