The Bullionaires have spoken: the option preferred by the community regarding the upcoming Coinbook.com website is to not implement anonymity so we have the opportunity to be included in this promising platform. Locking this poll until we post another question.
Any info on when coinbook.com becomes live? Being listed on there is certainly going to be a big boost for CBX. From what I read on their website it looks like it's going to be quite a nice exchange. Last update from them was that they were hoping for a soft launch in mid-February. I will check in with them in a couple of weeks to see how things are progressing if nothing official has occurred by that time. |
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How are things going Development Team?
Any updates on development?
Any juicy gossip?
Ben will be posting an update soon.... |
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can someon eexplain the further use of CBX? Just holding value isnt a real use case. Everycoin could do this/or couldnt if it gets dumped. except you will do some heavy market manipulation you wont be able to gurantee a stable value arent you? (and if you are looking at graphs it doesnt seem stable at all^^)
Your question lies at the heart of all crypto from here on. Yes, it is simple and cheap to clone/copy any crypto coin, and thus coin supply is virtually unlimited when we take into account ALL the possible clones, so, how can any particular coin hold value? I think the answer is still uncertain, but the early adopters of these 1st & 2nd generation coins create the 'vibe', and if the 'vibe' is good, the network effect will take over, and the popular coins that hold their value become the popular coins that hold their value ... because, they're the popular coins that hold their value. I hope CBX is one of these 'popular' coins, but it isn't certain by any means, but the potential is there, because: 1- launch of CBX was fair with no 'smell' (like DASH or STEEM) 2- CBX usecase is clear and simple to explain (i.e. digital store of value, virtual precious metal), not trying to be everything, do one thing better than competition 3- PoSP is common sense, but so many other PoS coins don't use it (i.e. only get real inflation adjusted % if you help secure the network) 4- BPN's serve dual purpose, 1. secure the network , 2. limit liquid supply 5- CBX is +4 years old with active community & quality devs, and longevity in crypto is usually rewarded ALL these factors encourage long term HODL, so the future network effect for CBX as a store of value is likely to be superior to many other cryptos, but obviously not certain. Post BTC::BCH split we end up with four basic types of crypto: 1- currencies (like BCH) 2- commodities (like BTC) 3- platform tokens (like ETH) 4- app tokens (ERC20 Zoo) CBX is a commodity, like legacy BTC - which one is more likely to x10 in 2018, BTC with a current MK of +190 billion USD, or CBX with a MK of 4-5 million USD? Don't get me wrong, BTC is a better store of value today (has a much stronger network effect), but for new entrants into crypto who think 10k USD is expensive for bitcoin ... they can buy a similar 'digital gold' for $4-5, and CBX doesn't suffer all the governance issues of BTC, and isn't going to ever have an existential crisis over what it is ('am I a currency, or a commodity?'), CBX is a digital commodity, I don't think I'll ever use it to buy coffee, but maybe one day use it to buy something expensive, like a car or house or boat. CBX has risk, but compared to most other crypto is still massively undervalued, so it's a great investment! Wow, great response! Only things I would add with reference to CBX is a 65 second block time as opposed to BTC 10 minutes +++. Ultra low transaction fees relative to BTC. Eco-friendly low power usage thru Proof of Stake design versus enormous energy consumption of proof of work. And finally interest earning potential thru PoSP and soon BPN - essentially dividends for those invested. |
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Coinbook.com has a signup list on their site now for those who want to be notified as they progress and launch. https://coinbook.com/Note from Coinbook.com team: ...all trading pairs are against USD. The platform is designed to be an onramp and offramp into crypto for US Citizens.
We will get to International after a while, but we are doing US first. We plan on other services too such as merchant solutions etc meaning that stores could accept CBX eventually. We are starting slow with what we have and will expand as we go. As for other coins, we are limiting non-public information, but we will start with bitcoin and once we are satisfied that everything is running well, we'll add CBX and one or two others. |
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I like the idea of limiting the number of BPN's to only 125, but how do we get on the queue, who will manage it? Will the queue be a point of criticism from fans of decentralisation? Maybe add some random factor to selection, otherwise corruption might occur, assuming there are more than 125 people with +2k CBA.
Good question. We code this so that there is no limit on BPNs. However there are 2 classifications, Active BPN & Inactive BPN assigned on a first come first serve criteria. Active BPNs are #1 - #125, provide assigned service to the network and receive a reward (9-18% annual). Inactive BPNs are #126 - infinity. They do not provide assigned service and do not receive a reward. If 1 of the 125 active BPNs drops below the 2000 CBX threshold then they forfeit their BPN. The first in line inactive BPN (#126) moves up a spot, is activated, begins providing assigned service and starts earning reward. To be in the queue you have to meet all of the requirements of a BPN and you will be activated when a spot opens up and you are the next in line. This does 2 positive things for the overall ecosystem as well. 1. Increase upward price pressure through scarcity by allowing the removal of more CBX from circulation. Now we can have more than 250,000 CBX locked away for BPNs. (125 BPN x 2,000 CBX = 250,000 CBX) plus additional 'inactive BPNs' waiting in queue 2. Increases PoSP rewards by removing additional CBX from staking. Thanks for the answer! Can I apply for a BPN now? I have enough CBA for at least 2, maybe 3. The only steps to take right now are to secure your CBX and wait for Vault 3.0 launch. In the meantime you can stake via PoSP and earn about 6% annual interest though. |
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I raised the possibility of in the future creating more advanced masternodes that work as standard savings accounts that produce better interest the more cbx you accumulate and the longer you save them for.
this would incentivise accumulation and holding and make people think twice about dumping and churning for short term profits.
We should see those with a long term view those people seem to have a saving mentality not out for the quick buck which can cause instability which hinders cbx or any other crypto being used as a real currency
Yes, the tiered approach with added incentives is a very good one. Essentially this is what we are implementing in our own unique way. One limitation we have in coding and design (actually a huge strength to the coins value) is our hard limit of 2% annual inflation. Due to this parameter, we do not have the luxury of unlimited masternodes or inflation for paying them. This also imposes limits to adding in multiple tiers. The difficulty being, how do you pay each out and make them desirable while working within a 2% annual inflation rate on approximately 1 million coins? We have devised a 2-tier way to do this with PoSP and BPN (our masternodes). With our design, PoSP stakers will earn between 3-6% annually while BPN operators will receive a higher reward ranging between 9-18%. As far as adding in additional incentives for the BPN operators to hold for long term and think twice about dumping, I think our limit of 125 maximum BPN slots fulfills this. If an owner of one of the 125 BPN considers selling, they will have to factor in the queue waiting their turn for one of the limited and fixed number of BPNs. Losing your spot and not being to able to get it back is quite a powerful decision influencer here. I like the idea of limiting the number of BPN's to only 125, but how do we get on the queue, who will manage it? Will the queue be a point of criticism from fans of decentralisation? Maybe add some random factor to selection, otherwise corruption might occur, assuming there are more than 125 people with +2k CBA. Good question. We code this so that there is no limit on BPNs. However there are 2 classifications, Active BPN & Inactive BPN assigned on a first come first serve criteria. Active BPNs are #1 - #125, provide assigned service to the network and receive a reward (9-18% annual). Inactive BPNs are #126 - infinity. They do not provide assigned service and do not receive a reward. If 1 of the 125 active BPNs drops below the 2000 CBX threshold then they forfeit their BPN. The first in line inactive BPN (#126) moves up a spot, is activated, begins providing assigned service and starts earning reward. To be in the queue you have to meet all of the requirements of a BPN and you will be activated when a spot opens up and you are the next in line. This does 2 positive things for the overall ecosystem as well. 1. Increase upward price pressure through scarcity by allowing the removal of more CBX from circulation. Now we can have more than 250,000 CBX locked away for BPNs. (125 BPN x 2,000 CBX = 250,000 CBX) plus additional 'inactive BPNs' waiting in queue 2. Increases PoSP rewards by removing additional CBX from staking. |
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I raised the possibility of in the future creating more advanced masternodes that work as standard savings accounts that produce better interest the more cbx you accumulate and the longer you save them for.
this would incentivise accumulation and holding and make people think twice about dumping and churning for short term profits.
We should see those with a long term view those people seem to have a saving mentality not out for the quick buck which can cause instability which hinders cbx or any other crypto being used as a real currency
Yes, the tiered approach with added incentives is a very good one. Essentially this is what we are implementing in our own unique way. One limitation we have in coding and design (actually a huge strength to the coins value) is our hard limit of 2% annual inflation. Due to this parameter, we do not have the luxury of unlimited masternodes or inflation for paying them. This also imposes limits to adding in multiple tiers. The difficulty being, how do you pay each out and make them desirable while working within a 2% annual inflation rate on approximately 1 million coins? We have devised a 2-tier way to do this with PoSP and BPN (our masternodes). With our design, PoSP stakers will earn between 3-6% annually while BPN operators will receive a higher reward ranging between 9-18%. As far as adding in additional incentives for the BPN operators to hold for long term and think twice about dumping, I think our limit of 125 maximum BPN slots fulfills this. If an owner of one of the 125 BPN considers selling, they will have to factor in the queue waiting their turn for one of the limited and fixed number of BPNs. Losing your spot and not being to able to get it back is quite a powerful decision influencer here. |
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barterdex and blocknet are going to be the big news of this year i expect
cbx hopefully can get on both and deserves to be on both ... these fairly distributed projects are going to be the only ones left standing once regulations start sparking up all over the place.
icos are 99% scams
What steps are necessary to get listed on these 2 exchanges? blocknet is free i believe just contact atcsecure and dan will be able to set it up or actually you can self add if if you know how i think barterdex then jl777b is best to ask about that. Thank you, I have reached out to both of the provided contacts. |
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Voted to drop Anon and get listed.
Anonymity is not needed. CBX should keep its clean cut image, focus on attracting the right type of investors.
This is great news. Will CBX be traded as a USD/CBX pair as well as BTC?
USD/CBX would be the trade pair that I am certain of. I will have to inquire about the CBX/BTC pair, however the USD one is the one that will be biggest benefit here in my opinion. |
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Not sure if any have heard, however there is a new service launching in the next month to compete directly with Coinbase (crypto for fiat exchange). This service, Coinbook.com, is US based, is fully funded and includes a team of lawyers, accountants, developers and auditors. As many know, US regulations are extremely challenging to navigate but the companies that do so provide a level of insurance, credibility, validity and stability that large investors demand. This US regularoty approval gives services such as Coinbase and Coinbook promise of beign wildly successful as well as the coins that obtain listing on their respective platforms. Now I mention Coinbook.com ( https://coinbook.com/) because we have established communication, they are fans of and will list Bullion (CBX). However there is a caveat. Due to US regulations, they cannot do so if we implement anon or coin mixing features... We could still implement masternodes with instant transactions and self-governance, however, coin mixing and anon functions would have to be omited. I personally feel Bullion does not need to be an anonymous coin. Our niche is wealth storage, we are the Digital Precious Metal. There are other coins designed to serve the anon purpose, do we NEED this feature? Yes it is a nice to have, however, is it worth missing out on an opportunity such as this? This is a decision we would like the community's input on. Please see the new poll at the top of the page and lets hear your vote. Feel free to reply with comments to this thread as well. Thank you in advance. |
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barterdex and blocknet are going to be the big news of this year i expect
cbx hopefully can get on both and deserves to be on both ... these fairly distributed projects are going to be the only ones left standing once regulations start sparking up all over the place.
icos are 99% scams
What steps are necessary to get listed on these 2 exchanges? |
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Any website developers in our community interested in some work? PM me please.
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I threw this topic out in our telegram chat but would love to hear feedback here. To coincide with the new Vault release, we are looking to launch a fresh new website. I would like to see the new site a bit more streamlined and focused on our unique strengths when compared to other projects. Would love to hear what things attracted our current community members and what key points they think we need to highlight on the new site...
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thebiglello,
WOW! Excellent logo, font and naming suggestion. I think you are right on target with all of this, thank you!
I agree these are excellent points and fit precisely with what we are aiming at (re-establishing CBX as a top 10 crypto).
I am not sure if this was by design, but your logo submission in addition to being a bull, also looks like a suit tie - further emphasizing the professional appearance desired.
Again, excellent work, I am impressed.
It's great to read your feedback elambert, I'm happy I've got your brief (and your situation) right and you like my logo and suggestions! The suit tie is a happy coincidence, but it is definetely true and helps communicating your values  I tried to make it resemble a keyhole too but I needed the pointing down angle of the bull's face. But I think you can still see (or feel) the keyhole in the logo a little bit! But the important thing is the bull is there, standing powerful and recognizible! Thanks again for the nice words, hope this will be Bullion's new logo!  I did notice the keyhole in the logo as well, very cool. These images/logos that incorporate multiple images into one are amazing. Real talent you display here. |
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As I said, I wanted to give it a try! But I'd like to share with you some of my thoughts as a professional art director and designer before showing you the results. We are talking about a logo here, but this is an actual restyling of your coin (brand), so it's not just the logo: it's about the way Crypto Bullion talks to his customers and buyers, its "tone of voice". Therefore, let's start with the name: I think that the name Crypto Bullion is a little weak compared to other competitors'. If you take a look at the top positions of the cryptocurrencies chart, the coins have simple names (quite always they are just a single word); if you take out clones created by forks, in the first 10 positions you have: Bitcoin, Ethereum, Ripple, Cardano, IOTA, Dash, NEM, Monero. And I could go on, but I think you got the idea: the winning names are simple, short and easy to memorize. As a professional, I'm sure that Bitcoin is the top player also because of its perfect naming! I understand the reasons why you included the word crypto in your name back in 2013, but years have passed, cryptocurrencies have grown in popularity worldwide, and that need may no longer exist. Luckily for you, you have a great solution at hand! You can easily switch from Crypto Bullion to just Bullion, keeping CBX as the short name. This makes it possible for the market to know it's the same coin we are talking about while realizing some major changes are going on. And that is the main purpose of a restyling (rebranding)! Talking about the design, my main goal was to create a modern logo, able to communicate the technology behind the coin and the seriousness of the project. Like you suggested, the logo I designed is a stylised bull: the bull is, according to me, a perfect choice since it is a symbol of power, the symbol of the market growth and strentgh, and you can find the word bull hidden in your name! I designed a symbol that is indeed a bull but that, being so simple, becomes some sort of an abstract shape, a memorable corporate logo with a contemporary touch. I chose a modern sans serif font, with characteristic lines and recognizable geometries. It is bolder than the previous one and italic: this helps to communicate that it is sophisticated digital store of wealth. I designed the logo, its negative version (to use on dark background) and a few examples of application, to understand how the logo and brand image could work on different media: they are the splash page of an app, a background and a physical coin, after reading that FiniteByDesign wants to create one! https://ibb.co/d54rZwI also made a screenshot of the all cryptocurrencies chart, to show how the logo works if very small, and how it feels compared to the competitors' logos. https://ibb.co/iqCEMbLet me know what you think about my proposal, hope you like it! thebiglello, WOW! Excellent logo, font and naming suggestion. I think you are right on target with all of this, thank you! I agree these are excellent points and fit precisely with what we are aiming at (re-establishing CBX as a top 10 crypto). I am not sure if this was by design, but your logo submission in addition to being a bull, also looks like a suit tie - further emphasizing the professional appearance desired. Again, excellent work, I am impressed. |
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Is there a deadline?
I'd love to give it a try!
No deadline at the moment but if someone submits a winner, we will close the competition and go with it. However, we would like this as soon as possible as we have a release coming very soon with which this new logo would be used. |
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