Great article by Brian Vereschagin:

Cryptogenic Bullion and the Consultancy Culture

http://cryptobizmagazine.com/cryptogenic-bullion-and-the-consultancy-culture/


Retweet pls: https://twitter.com/cryptobizmag/status/484293269984010241

Any Australian who wants cryptomall.com.au can have it. The situation looks bleak .

Mark, Aus.

and p.s. BK_PHI, we really should be looking at best/worst practices of other alt-coins.  the community can certainly help with this!



on a side note, i overheard some co-workers talking about the jon fitch mma fight on july 5th.  they were extremely perplexed as to what nautiluscoin is ... and i was more than happy to explain it to them!

Good point. A few months is too short a time for me as well!

Excellent questions menno1986, and I understand the sentiment. I can only offer a few things:

1. The price is reflecting a downtrend that's been in play for a long time (see the latest chart posted to Reddit).  It seems that many altcoins are on this trajectory where it doesn't matter what's happening, the "market" is steadily declining. Regardless of actual fundamentals per coin.

2. An interesting twist on this would be that the price is being manipulated overall (along with other coins perhaps?) Check this link Entrenched Interests, Lost Direction, and Stagnation in the Crypto-Currency Markets We already know this thing happens in virtually every "real world" market (precious metals, foreign exchange, bonds, equities, libor, etc), why not also in unregulated internet markets?

In order to get a real handle on the most recent drive to create real value, re-read the last few Weekly updates! CryptoTown is a big part of this. It's a campaign of education and consultancy. Consider the following transitions and balances:

Cryptocurrencies overall: Obscurity – Capitalization - Mining and Speculation – Adoption
Monetary system:  Centralized (debt based fiat) -> Decentralized (hard asset backing - a new balance is found between extremes)

By helping to define and advance these ideas, we see more clearly what fundamental action will make sense. CryptoTown is the result of this analysis.


 ps. I wouldn't say CGB is low volume by design (though I have heard it mentioned). Volume is a function of the utility and demand, a byproduct. I prefer to look to the gold market to draw parallels; the gold market is highly liquid because it's widely trusted and used. CGB more simply, can better withstand low volume as it's price isn't constantly used to purchase products or otherwise spend. Investors also realize that there are only ever going to be just over 1 Million CGB. Price going up or down doesn't change that.

Most of you have already seen this, but I wanted to make it official

Through a partnership between Moolah and BKCM LLC (my company) a direct to fiat purchase and conversion will be able to take place using these currencies:
AUD, CAD, CHF, CNY, EUR, GBP, HKD, JPY, NZD, SGD, USD

This not only will make it easier to buy NAUT, but it opens the door to global acceptance. I am excited about the potential traction we can get when we combine Moolah with the Fitch sponsorship.

We are in beta testing now, and hope to roll out live this week.  My personal desire is to have it launched and running smoothly by fight time.

Check out the page here:

https://v2.moolah.io/merchants/faq


*****************************************************
PoS - As soon as I receive an update I will pass it along.

"Tell me, readers, how would you convince an investor to buy a 'stock' that was down 80%? Easy: you would cogently explain that that stock is undervalued.

Okay -- is CryptoGenic Bullion presently much undervalued?

Yes. Here's why:

cryptogenic currencies remain emergent. The first significant price rises were sharply reversed, late last year, by the hostile regulatory environment put (suddenly) into place by the Chinese Government.

Now here I add a detail that is easily confirmed by a modicum of research: all coins except Bitcoin tend to (a) drop further than Bitcoin does when Bitcoin drops, and (b) rise, in the mid-term, more than Bitcoin does when Bitcoin rises. Those in the crypto sphere readily comprehend the reason for this:

Bitcoin has enormous potential, but the 'altcoins' -- such as CGB -- have even more.

That potential is being realised by the day at this point, 'post-China-Attack.' Again, analysis of the data will show this: across the spectrum, the quality altcoins are beginning to pick up value, and will continue to.

So, is Crypto-Genic Bullion down 80% because it's rubbish? on its way to the grave?

Here's a challenge, reader:

drop into the community -- Bitcointalk CGB the Investors' crypto -- and you'll find the answer.

Not a bit of it!! The coin is thriving."

Mark Blair, Unicup, Western Australia

Direct CAD/USD <-> CGB now available on Vault of Satoshi!

Please also see the Reddit post for further discussion.
Official announcement from Vault of Satoshi.

This is huge news for both the Cryptogenic Bullion Community as well as Vault of Satoshi!

We encourage everyone to consider switching from their current exchange to Vault of Satoshi. Let's get some volume going! Crypto-crypto markets are also available!

Stay tuned for a promotional giveaway to be announced as well as a paper outlining the evolution of the financial services industry to support the new crypto-economy!

We're getting behind, we need a lot more votes here (once per account):
Atomic-Trade https://bitcointalk.org/index.php?topic=529591

And this. Vote every 1-hour:
https://www.mintpal.com/voting
https://comkort.com/vote
https://coinano.com/vote

Thanks 

CGB Core Team Weekly Update – April 1, 2014

Please also see the Reddit post for further discussion.

We are please to be able to report that smooth progress is being made with both our next CGB client software update, but also with the official CGB website and Reddit presence. Artiface has incorporated the latest Novacoin upgrades appropriate for the CGB client software including coin control features that allow selecting which inputs to use when sending coins. Also expected for next release is automatic PoS check-pointing, visualization of minting, time to next mint, GUI unlock, and more. We are also in the investigating and planning stages of considering a change to the PoW and PoS logistics with the greatest emphasis put on maintaining the inflationary profile.

In the interest of open collaboration, we would like to elaborate on this topic by first describing our thoughts and progress. Two drivers motivate these investigations. One is that our current PoW block target of one minute is too frequently causing collisions with the PoS blocks. While this is not a security risk, it does cause inefficiencies in the network. Second is that while we have the chance, we would like to study the possibility of reducing the minimum coin age for minting to increase participation in the network's security. For the collision issue, we are considering bumping the PoW block time from every minute to a maximum of every ten minutes while multiplying the reward by ten. The PoS minimum coin age could be reduced to as low as daily while rewarding with a 1% rate while leaving the maximum coin age at 90 days with a reward rate of 1.5%. We very much appreciate any input or analysis that we can get from the community especially in comparison to how other coins may be doing it better.

Much work has been done to the official CGB website over the weekend. In addition to the marketing strategy, the CGB Community Powered Promotion campaign has also been formalized on the marketing page of the website. I have added brand guidance which will be expanded upon, as well as a gallery of both official CGB images and community produced content. Throughout the site and on the Reddit sidebar there is now a link to “Promote CGB! Rally Point.” This leads active CGB community members to the /r/GotCrypto subReddit, a place for posting and discussion of various opportunities and material which are of interest to those who wish to promote CGB.

The CGB Resources section of the website has been completely updated to be a one-stop shop for anything one would need, to learn about, use, and promote, Cryptogenic Bullion. The community section has also been updated but is still far from its potential. Under a section called Support CGB, we have included a link to our community driven effort to translate CGB's new website! I would like to thank spac3_invad3r for bringing this up and stepping forward to help organize this monumental task! We must ask that all community members who are able to translate our website from English to any other language consider helping us to maintain our proud history of broad multilingual support.

April is an exciting month for Cryptogenic Bullion as we look forward to releasing the new client version, completing development of the website, and celebrating the addition of CGB to the Vault of Satoshi exchange supporting direct CAD or USD exchange with CGB. In the near term we also plan to bring some more advanced new features and a more modern branded look to the CGB client software. Finally, I believe by now the downward trend identified in this chart (feb analysis) has intersected the long term 0.001CGB/BTC buying support line. In technical analysis we would expect a high level of volatility when two trends, or forces, oppose each other until a breakout is sustained one way or the other.

This is certainly going to be an exciting month!

The CGB Core Team