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Title: Why do I like CGB? Post by: Killiz on August 23, 2013, 01:08:45 AM Because I Do! And mostly of all.........because all of you do too! ;D Have a good day ;)
Title: Re: Why do I like CGB? Post by: muddafudda on August 23, 2013, 01:09:46 AM Awesome champ. Have nice day
Title: Re: Why do I like CGB? Post by: claycoins on August 23, 2013, 01:27:05 AM 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. Title: Re: Why do I like CGB? Post by: mercSuey on August 23, 2013, 01:32:07 AM 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? Title: Re: Why do I like CGB? Post by: Killiz on August 23, 2013, 01:44:20 AM 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. Title: Re: Why do I like CGB? Post by: mercSuey on August 23, 2013, 01:59:43 AM 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.
Title: Re: Why do I like CGB? Post by: Killiz on August 23, 2013, 02:20:32 AM 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. Title: Re: Why do I like CGB? Post by: claycoins on August 23, 2013, 02:31:32 AM 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. Title: Re: Why do I like CGB? Post by: claycoins on August 23, 2013, 02:33:18 AM 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. Title: Re: Why do I like CGB? Post by: Killiz on August 23, 2013, 02:38:32 AM 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. Title: Re: Why do I like CGB? Post by: mercSuey on August 23, 2013, 02:40:54 AM 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. Title: Re: Why do I like CGB? Post by: Killiz on August 23, 2013, 02:51:35 AM 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. Title: Re: Why do I like CGB? Post by: mercSuey on August 23, 2013, 02:52:50 AM 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. :) Title: Re: Why do I like CGB? Post by: Killiz on August 23, 2013, 02:58:37 AM 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. :) Title: Re: Why do I like CGB? Post by: mercSuey on August 23, 2013, 03:03:15 AM 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 Title: Re: Why do I like CGB? Post by: Killiz on August 23, 2013, 03:07:00 AM 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 Yea I see where he mentioned it now, just read through the entire post :D maybe I should take a pill from time to time, or go for a walk round the block.....no hard feelings Merc Title: Re: Why do I like CGB? Post by: mercSuey on August 23, 2013, 03:07:30 AM 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 Yea I see where he mentioned it now, just read through the entire post :D maybe I should take a pill from time to time, or go for a walk round the block.....no hard feelings Merc None at all. It's all good. :) Title: Re: Why do I like CGB? Post by: elambert on August 23, 2013, 08:08:26 AM Because I Do! And mostly of all.........because all of you do too! ;D Have a good day ;) 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... Title: Re: Why do I like CGB? Post by: minerapia on August 23, 2013, 08:17:10 AM Quote 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. Or if you use the same PoS code as allmost every other coin, you just create forks and stuck blockchains.Title: Re: Why do I like CGB? Post by: Lauda on August 23, 2013, 01:14:07 PM 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 ;) Title: Re: Why do I like CGB? Post by: digeros on August 24, 2013, 12:20:15 AM 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 ;) 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 Title: Re: Why do I like CGB? Post by: Lauda on August 24, 2013, 12:26:17 AM 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 ;) 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 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. Title: Re: Why do I like CGB? Post by: digeros on August 24, 2013, 12:28:21 AM 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. 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 Title: Re: Why do I like CGB? Post by: kelsey on August 24, 2013, 01:07:57 AM CGB is not for the daytrader/overnight quick profit investor, or the pump and dumper. Sure its not ;D Title: Re: Why do I like CGB? Post by: Killiz on August 24, 2013, 06:40:07 AM 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. 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 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 Title: Re: Why do I like CGB? Post by: Lauda on August 24, 2013, 09:42:55 AM CGB is not for the daytrader/overnight quick profit investor, or the pump and dumper. Sure its not ;D Title: Re: Why do I like CGB? Post by: kelsey on August 24, 2013, 10:21:42 AM CGB is not for the daytrader/overnight quick profit investor, or the pump and dumper. Sure its not ;D 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 ;) Title: Re: Why do I like CGB? Post by: Lauda on August 24, 2013, 10:28:27 AM CGB is not for the daytrader/overnight quick profit investor, or the pump and dumper. Sure its not ;D 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 ;) Title: Re: Why do I like CGB? Post by: Killiz on August 24, 2013, 11:21:06 AM CGB is not for the daytrader/overnight quick profit investor, or the pump and dumper. Sure its not ;D 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 ;) 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. Title: Re: Why do I like CGB? Post by: Ghepetto on August 24, 2013, 05:29:39 PM 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. Title: Re: Why do I like CGB? Post by: Lauda on August 24, 2013, 05:32:40 PM Why do I like CGB? Because I like it.
Simple as that. Title: Re: Why do I like CGB? Post by: Killiz on August 24, 2013, 08:22:46 PM 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. +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. Title: Re: Why do I like CGB? Post by: FiniteByDesign on August 25, 2013, 02:36:48 AM Because I Do! And mostly of all.........because all of you do too! ;D Have a good day ;) +1,000,000 Title: Re: Why do I like CGB? Post by: thekidcoin on August 25, 2013, 03:17:17 AM Quote 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. Or if you use the same PoS code as allmost every other coin, you just create forks and stuck blockchains.Title: Re: Why do I like CGB? Post by: Killiz on August 25, 2013, 08:37:57 AM Quote 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. Or if you use the same PoS code as allmost every other coin, you just create forks and stuck blockchains.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. |