Bitcoin Forum

The traditional financial markets, and the interest rates have not given any real significant gains to investors since year 2001, taking inflation under account.

CBX's PoSP has 2% inflation for the money offer of the coin, but rewards are around 8-10% because of how the system works.
I know it can be annoying to leave the CBX Vault open at all times; but can you guys tell me if there could be any better staking out there?

I don't see any. Seriously.CBX price is very low when you factor in this staking advantage; I think it's time people discover it.

Main CBX English thread is here: https://bitcointalk.org/index.php?topic=951753.0

ZEIT is currently 15% annually until Jan. 2017 when it drops to 5% yearly.

With PoSP, you can make more than the stated interest of 2% ,
but a variable rate that requires continuous connection,
1. Is a pain.
2. May not be possible for some countries with intermittent internet or electricity usage.  
3. Standard PoS coins , don't require it , so they receive more of my interest.

With Standard PoS coins you decide do you want to support the network on your terms, where PoSP requires you support the coin on the Dev's terms.
Also PoSP will favor the whales , standard PoS will be fairer to all of its users.

 8)

FYI:
Also with CBX Staking eligibility after only 1 hour , definitely a coin favoring Whales

15% of the whole money offer of Zeit is very high inflation while with CBX the whole money offer grows ONLY 2% while you can make 8%

Also with standard PoS the problem is people can connect 1x per month and get the whole inflation. So security has to be maintained by nodes kept by Devs. With CBX, staking is very decentralized.

Its very decentralized because many different people connect their Vaults to the CBX network.

Hey earning 15% in a coin that is growing by 15% (which is too much) is not at all the same thing as earning 8% in a coin that is growing by 2%!

With CBX you are earning real staking interest, with ZEIT you are just keeping up with everybody else.

 ;) ;)

LOL,

ZEIT is 15% for only 1 year, in Jan it drops to 5% annually forever.
So inflation issue will be gone in January.

Yes People can connect once a month and get their interest, but we are a Monolith of a coin with ~35 Billion coins so there is always plenty to stake.
Our coins are only eligible to stake every 20 days, which means the whales can not monopolize the staking process for their benefit like in a PoSP with extremely low time before staking.  

CBX network currently has 28 people connected, ZEIT network has 29 people currently connected.
So there is no major difference in # of users between the two.

The only real difference, is with ours you can better calculate your exact rewards and can support or not support the network , it is the user choice.

If yours gets popular and you get an increase in users, your rate will drop, meaning all those expecting 12% will be a little upset,  when they only receive 2%.

 8)

FYI:
Also CBX has less than 1 million coins, it will never receive the Benefit of being used for Global trade, there are just not enough coins for worldwide usage.
CBX will have to find a Niche market to thrive.

 :D

Looks like CBX team is trying to pump CBX by having it fund an ICO for a project called Quintessence with a 2nd coin called Sparks.
https://bitcointalk.org/index.php?topic=1600250.0

$156,000 pump in the past 12 hours.

Enjoy the Pump, everyone else there is always a dump later , so be careful.


 8)

I agree, this is why we are migrating towards a brand new system of currencies, the Quintessence system, where CBX will remain the rare and precious investment part of that system.

https://bitcointalk.org/index.php?topic=1600250.0 (https://bitcointalk.org/index.php?topic=1600250.0)

CBX will have its niche there...

Spark will be the other token, there will be an estimated 1 billion Sparks, so SPK will be the tool, the token that will be fueling plenty of usage.

@kiklo,

As far as I know, PoS also favourites the whales. I found out about PoSP probably a week ago and I'm currently researching it.

Block rewards should be an incentive for work provided. This is what encourages network security and processing of transactions. Traditional PoS that rewards for inactivity is illogical. PoSP is fair and encourages decentralization by leveling the playing field far better than any other algo.

I don't know about that. All of the CBX being purchased off of the market is going into ICO lockdown during development. With only 1 million CBX out there, there will be nothing existing to dump.

Lots of people say it, but few examine it.

Any PoS or PoSP coin that allows coins to stake less than 5 days will favor the whales, since they can stake pretty much all of the time and keep smaller blocks from staking.
Coins that only allow you to stake every 15 or more days, decrease the Whales ability to use Compound Interest to their advantage which gives people with smaller amounts a chance to stake. So the shorter the time frame the more Compound interest you can earn and the Larger the Whales become.
Sprouts is a Good example , a high interest 60% per month coin able to stake every 5 days , however the whales are staking so much , that even if you have a million coins all in one block it will be ~20 days before you can stake, people with less than a 100,000 per block will find it almost impossible to stake.


 8)

FYI:
Here is CBX Whitepaper , if you want to study it.
http://cryptobullion.io/white-paper/

FYI2:
No one may have noticed it, but there is a direct financial incentive to DDOS the other CBX wallets when you stake.
If you read their whitepaper, you will notice the interest rate increases when the amount of coins staking decreases,
currently ~250,000 coin staking, meaning the interest is between 7% & 10%.
If Someone Staking was able to DDOS a few of the other wallets and decrease the amount staking to only 100,000 coin,
then the interest rate for anyone still online is 20% instead of below 10%.
So you have a direct financial incentive to DDOS the other wallets.   :P
PoSP, has a Built in Backstabbing Incentive.

Be nice if that were true, but odds are someone will hold their coins and dump before the coins are released from ICO lockdown.
Time will tell.   :)

 8)

Nobody is dumping anything. As devs of CBX, of course we have a few CBX locked up in our Vaults - you think dumping will help our individual or collective situation in any possible way?

We spent years refining CBX, adding PoSP to it on time and as promised even after losing our coding dev, then building a strong and talented community. CBX has a rich history why blow it away in a few trades.

When ICO is over and tough objectives are met, if we have succeeded to secure 250k CBX dumping will be the last thing on our minds. We want to build.

You forget CBX's inflation profile is just 2%. So DDOSing all of the live Vaults while you run your own solo will earn you a whopping ... 50 CBX per day!

Also, its pretty easy to switch IP addresses as soon as one realises what is going on.

Not worth DDoSing right now, and when it will be worth it (CBX value is going up), appropriate measures will be taken.

What measures will be taken?
Because this is a big issue for any PoSP implementation, and certain to be executed if the coin has any success.


 8)

FYI:
DDOS was just 1 vulnerability, another would be if a small group with majority of coins just set their firewalls to block all IPs except the ones in the group.
Plus not every user can switch IPs at will. (Depends on their Service Provider.)

No offense, but last time I checked to build something , you have to pay for services or materials.
Even if you don't unload the bulk of CBX at once, you will have to unload a little at a time to pay for things.
Cause if you found a way to build without paying anything , please share that little jewel.  ;)

 8)

FYI2:  Ok, Slow Dump will be in progress for ICO coins   :D
But that won't include any coins not used in the ICO that someone else holds for the best time to dump, which will be toward the end of the ICO.

Is STRATIS related with CBX? Btw, the price is still over 3 times higher than the ICO.

P.S. I have the CBX whitepaper, but didn't read it yet.

STRATIS has no relation to CBX. I do not know what STRATIS is.

Let us know what you think regarding the WP.

This is not accurate. Lets take a 'whale' with 20k CBX as an example. Yes, they will get the first PoSP block when they stake but then an hour has to go by until their CBX is eligible to stake again (that is 60 blocks for the non-whales). It is not quite the monopoly possibility that you suggest.

DDoS is a very nasty and serious offence. People go to jail for that - and if I was victim of one for sure I would report it to the authorities; US and other countries governments take these things seriously!

If someone is going to DDoS any PoS coin - it better yield much more than 50$ - 5000$ or it's not worth risking going to jail for such small amounts.

Hmm,
LOL  :D, you are making a joke right.

Observe # 6 on your Rich List with ~25k CBX
https://chainz.cryptoid.info/cbx/address.dws?123346.htm (https://chainz.cryptoid.info/cbx/address.dws?123346.htm)

He is staking more than once per hour, and only 1 hour later he can stake again.
And that is only if that is his only address, if he has a few other high addresses, he is taking more of those limited # of chances to stake crowding out the little guy.
What I said was exactly accurate.


Transactions
Hash                         Block     Date/Time                          Amount      Balance
2784123d32ddedef...   1616552   2016-09-02 18:30:45   + 0.040465 CBX   25,201.272414 CBX
5bf4c118a61091cd...   1616551   2016-09-02 18:30:45   + 0.040465 CBX   25,201.231949 CBX
ba69c9365162ac9e...   1616545   2016-09-02 18:19:58   + 0.040465 CBX   25,201.191484 CBX
ad156a361115f322...   1616541   2016-09-02 18:15:08   + 0.040465 CBX   25,201.151019 CBX
c8f5b154f8551ef9...   1616540   2016-09-02 18:14:50   + 0.040465 CBX   25,201.110554 CBX
ac5efb973de3fd97...   1616516   2016-09-02 17:44:44   + 0.040465 CBX   25,201.070089 CBX
30f320729398133d...   1616502   2016-09-02 17:28:58   + 0.040465 CBX   25,201.029624 CBX
609ce88482cd5d2b...   1616499   2016-09-02 17:27:15   + 0.040465 CBX   25,200.989159 CBX
193baf2a64f30cb3...   1616493   2016-09-02 17:14:39   + 0.040465 CBX   25,200.948694 CBX
12aea0b0f6af1e69...   1616489   2016-09-02 17:09:36   + 0.040465 CBX   25,200.908229 CBX
008062b9e4a1d5c4...   1616488   2016-09-02 17:09:23   + 0.040465 CBX   25,200.867764 CBX
1b9719d9f3b3b18b...   1616484   2016-09-02 17:05:48   + 0.040465 CBX   25,200.827299 CBX
5f552f5bffe1f4a5...   1616478   2016-09-02 16:59:11   + 0.040465 CBX   25,200.786834 CBX
7fe4eb580ccb8a25...   1616454   2016-09-02 16:31:32   + 0.040465 CBX   25,200.746369 CBX
ef06c69d64d7acee...   1616444   2016-09-02 16:17:00   + 0.040465 CBX   25,200.705904 CBX
ee26bfc28f64bc9e...   1616441   2016-09-02 16:15:46   + 0.040465 CBX   25,200.665439 CBX
d4304e7bd054815b...   1616436   2016-09-02 16:09:24   + 0.040465 CBX   25,200.624974 CBX

 8)

As many sites that get DDOS, and their is no prosecution , I sincerely doubt the people doing it are concerned in the least with a threat of law enforcement, if they were the Cloudflare service would not even exist.

So you still have not answered my previous question?


 8)

FYI:
I am not trying to focus on a CBX flaw, to me it is a design flaw of PoSP, so if you do have any measures to stop this from happening,
post it as all PoSP coin implementations would be affected not just CBX.

It goes by input size Kikloo, not by address size. Every address can have many inputs.

The point made was that he staked more than once per hour, multiplied thru out the day,
he will block those with less per block from staking, while his amount will continue to grow.

There is nothing wrong with CBX being for Elites or Whales, but the pretense that it is not is irritating.   :P
You still have not answered what measures will be taken once the ddos starts.

 8)

FYI:
If you can't comprehend what I am saying you should study the effects of compound interest.

Are you making a joke or just not able to understand how interest works? A interest percentage will be larger in accordance to the size of ones capital. To make it easy: 10% of 100 is 10; 10% of 1000 is 100.

With regard to DDoS, are you trying to say large PoW pools can't be DDos'ed to allow other miners an advantage?

Please explain what algo you are representing as superior and WHY...

As far as understanding interest, I can ask the same of you.
What I am saying is your CBX whales can monopolize the opportunity to stake and earn that %, and then in the next hour, stake again with the earlier amount & stake included in the next block, which this process will continue increasing their ownership at a faster degree.
Your Whales, decrease the # of times the nonwhales can stake, so even thru they eventually stake, it is less because their compounding effect was blocked the majority of the time.
If that is above your comprehension skill take a math class on the difference between compound interest & simple interest.
http://www.investopedia.com/ask/answers/042315/what-difference-between-compounding-interest-and-simple-interest.asp

Your guy said there were measures that would be implemented, to protect PoSP ,
I just want to hear if it is valid or just propaganda.

As far as DDOS, anyone can be attacked , but PoSP gives a Direct Financial Incentive to do so.
With Normal PoS, a DDOS attack is irrelevant, because you will make up the difference when you stake so there is no direct financial incentive because you receive the stake in proportion to your coins, not in proportion to the amount of available coins staking like PoSP.

So if you are want to know which is superior algo, then standard PoS would be superior to PoSP.

 8)

Now your speaking in circles and ignoring what I am telling you. I am not going to continue repeating myself. As far as standard PoS is concerned, you are entitled to your own opinion but the facts are not in your favor. I have addressed the problems with standard PoS in the PoSP white paper, each of which is addressed and improved upon with PoSP's design. Feel free to read it and learn.

We can just agree to disagree.
Time will provide the final decision on who was correct.   :)


 8)

Nice, a discussion about PoSP!

PoSP was adopted by Pesobit two months ago and it's going great.

https://c-cex.com/?p=psb-btc (https://c-cex.com/?p=psb-btc)
https://bitcointalk.org/index.php?topic=1581240.0 (https://bitcointalk.org/index.php?topic=1581240.0)

I agree with VonSpass it's a very economically sane algorithm