I think CGB has very strong fundamentals with the limited supply and deflationary aspects that encourage savings.
Leadership is essential to the success of any business, and that was clearly demonstrated yesterday. Instead of panic, elambert took the high road, found a new developer, and restored confidence to the community.
Thank you my friend. Additionally I would like to mention that I have been away at a friends wedding this weekend. I think I have shown that I am dedicated despite hardships and can be counted on to make sure the interests of the community are attended to. I will let my actions speak for me. I would recommend replacing the image of a baby with something a lot more professional to promote the project. Also, you should consider removing the references to your personal life in your bio on the CGB website (i.e. being married and having a child) and avoid references to your personal life in the discussion (like going to weddings or being involved with family and not having time to work on CGB). After my experience with Mastercoin and the personal life of the founder (very similar to this here) interfering with his work on the project at a very critical time in its development, this is a BIG, BIG red flag to my investing in it. I am very tempted by the low prices to take the plunge, but am sitting on the sidelines, mainly over this issue. I understand the reasoning behind your comments. But I don't believe in any way that elamberts personal life has affected his ability to show his solid commitment to CGB over the last day or so. If anything it has shown what a greatly committed person he really is. Yes maybe he has revealed a little too much of his commitment to his friends and family, and is this a bad thing? To know that behind the scenes he is as dedicated to them as he is to CGB only shows further his selflessness to everyone else involved around him, either in his immediate family or among the CGB community. Who? Would step in and gather together a new team to take the reigns of CGB whilst among friends and family on a day that they are supposed to be enjoying and celebrating. Forgetting about work and commitments. Not many at all! If anything, elambert has proved himself to be a great leader, and outdone his expected commitment to this community, and from here, knowing this, we can only get stronger and have better hopes for the future of CGB, and for our own friends and family along with it. |
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Thanks elambert!
This is a great coin and a great community and I am honored to be added to the development team. Just so everyone knows a bit of my background I am a professional software engineer, with 10+ years industry experience and 20+ years of programming experience. I currently have a role as lead developer of a multi-million dollar industrial product line. I have also made fixes and contributions to several other coin projects. I am confident that I have the experience and ability to take on this role.
I am working right now to get the development environment ready. I hope to have a new client version available within the week.
Thanks to this great community, I have high hopes for the future of CGB!
Happy days  |
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I have just read the blog post on the CB site, and I just can't believe what a childish and selfish rant it is.
If he felt that way, then why go ahead and take it out on everyone who has invested their money into CGB by dumping his holdings and crashing the price like that effecting everyone involved. How can anyone respect someone who would do that? Did he not think of all the people who have put their faith and money into CGB?
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I just received an email from Mercury stating he has resigned from the CGB development team in order to focus on other projects. My apologies to the community as this was not expected and has caught me unprepared. Good news, I think the dumping should subside now. Bad news, it will take a little time to build the development team. The lead dev position is the immediate concern and will be my focus to resolve as soon as possible. Again, my apologies to the community. We will rebound and be better than before.
Just read this. This explains a few things that have been happening. Sorry to hear merc has left, he obviously had too much on his plate for one individual. But maybe a transition to another developer would of been more appropriate. This leaves a great opportunity for someone to take the reigns, and a great opportunity for buying also. No worries elambert, I know you are an honest straight up guy and this must be as much of a shock and disapointment to you also. What doesn't kill us makes us stronger! |
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I don't know the whole situation but the ethical thing would have been for Mercury Stills to transition another lead developer on the announcement.
The subreddit 'Cryptogenic Bullion' had and still has nothing to do with the core development team of CGB. It is handled by a few members of the CGB community, and they are doing a great job promoting CGB. |
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I introduced a couple of my friends to CGB and they bought in at around 0.0011 last week (first time putting money into crypto), told them it was a solid investment . Can't actually believe what I am seeing and I also have the majority of my BTC in CGB. I'm assuming you are avoiding them right now ?  They are outside my house with pitchforks and torches  |
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Sorry I have one more question, I have created 3 address in my wallet and have some CGB in all the three address. When I want to make a transfer out, how can I choose
which address I want the CGB come from. The reason I need to figure out this is because I want to keep some CGB in the two address for at least 30 days for the minting purpose. Thanks.
In the console type - sendfrom <theaddresssendingfrom> <theaddresssendingto> <amount> Without the < >`s and a single space between each part |
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Does the distribution have anything to do with the price movement? Only 1mm coins and more than 50% are held in the top 10 addresses and I suspect 1 person holds at least 27%. I have to believe the insiders know who the big dumpers are. Sorry, that's just the way I feel right now. How can such a small amount of people get there hands on such a large % of coins?
I think the addresses with those large amounts of CGB belong to the exchanges like cryptsy, and they have all their deposited CGB held together in a few addresses. The volume of CGB traded in the last few weeks suggests to me that the early miners and the majority of early CGB holders sold off (and are selling off), during this time and moved on. I think if there was an inside job like you believe, manipulating the price, then I would think it would be manipulated in the other direction!? I would go for my former explanation. I've been with CGB from the start and it has always been the transparency and honesty of the CGB community and development team that has kept me loyal to it through thick and thin. Does the distribution have anything to do with the price movement? Only 1mm coins and more than 50% are held in the top 10 addresses and I suspect 1 person holds at least 27%. I have to believe the insiders know who the big dumpers are. Sorry, that's just the way I feel right now.
Agreed. I saw some people claiming to have 5-10k CGB in this thread. Thats 1% of the eventual supply alone. No clue why you would liquidate at such a low level though unless you were intending to later pump up the price. CGB is ridiculously cheap at the moment so being able to buy 5-10k is quite normal for investors who either have a large bank balance or a fat wallet from early bitcoin adoption. |
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Very frustrating. I bought in a month ago, and the price has dropped steadily. Purchased as a long-term investment, but the opportunity cost of not investing in other coins during this time and then buying at this lower price is annoying.
Need a huge marketing push. This thread needs more involvement from the community, and ideas need to be generated.
Marketing is half the battle.
Saying fu** to anyone selling, rather than trying to address people's concerns is a mistake. There are lots of other coins to invest in right now. Imagine if your local store said that to you.
There is a growing community over at reddit http://www.reddit.com/r/CryptogenicBullion papersheepdog is selflessly fronting a marketing campaign over there which is getting into swing as we speak. Members of the community are getting involved, generating ideas and working on projects and services for CGB like the new paper wallet https://cgbaddress.org/ new logo, tipbot, giveaways, and other things in the works. CB needs a certain type of investor, one which has a vision, one which wants to be a part of something that succeeds, to help it succeed, and succeed for everyone involved, if only just by holding on to it. Not someone who wants to be a part of something temporarily for their own gain, for a quick buck, just to shit on it when it isn't going their way. Just to clarify, I am not part of the Dev team, I am part of the community and one small voice among it. I understand what you are saying, but if I feel frustrated and want to voice my opinion to those who are selling by saying fu** I'm sorry, I will. I'm sure the majority of the community is feeling the same way. I appreciate your comments, and I feel the same way. I don't think articulating in that manner is effective imo. I am equally frustrated by seeing the value of my investment shrinking. This coin is suppose to be a store of value, so its baffling to see the value decrease when Bitcoin is both increasing and decreasing in price. I believe in the premise in this coin, and I do think the development team is active in this thread, which helps increase consumer confidence. The rarity of this coin should be driving the price up. I agree also with everything you are saying. I am also baffled by the price drop along with the huge amounts being dumped. What I was saying in my earlier post was basically that those who would sell off their CB like they are at the moment, are not beneficial to CB neither in the shorter term or longer, so it is best they are out, because they are weak. Those CGB are being sold on to people hopefully with a longer term view with a goal that is much further into the future. Most of the CB discussion is going on over at reddit, so I would urge the community here to subscribe over there and get involved. A Reddit discussion is great. Definitely should continue growing that. We have a lot of eyeballs on this forum/thread and she make use of this opportunity. My suggestion is compiling a list of ideas to help push the coin forward. The CGB team can them pick and choose ideas and delegate those tasks to people with the corresponding backgrounds..marketing, development, social media etc. papersheepdog released his marketing strategy and this includes some of the things you have highlighted like getting the community involved with their ideas, with a list of projects individuals of the community can get involved in and develop. http://www.reddit.com/r/GotCrypto/comments/1x7j2w/cgb_open_source_community_development_and/ |
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Very frustrating. I bought in a month ago, and the price has dropped steadily. Purchased as a long-term investment, but the opportunity cost of not investing in other coins during this time and then buying at this lower price is annoying.
Need a huge marketing push. This thread needs more involvement from the community, and ideas need to be generated.
Marketing is half the battle.
Saying fu** to anyone selling, rather than trying to address people's concerns is a mistake. There are lots of other coins to invest in right now. Imagine if your local store said that to you.
There is a growing community over at reddit http://www.reddit.com/r/CryptogenicBullion papersheepdog is selflessly fronting a marketing campaign over there which is getting into swing as we speak. Members of the community are getting involved, generating ideas and working on projects and services for CGB like the new paper wallet https://cgbaddress.org/ new logo, tipbot, giveaways, and other things in the works. CB needs a certain type of investor, one which has a vision, one which wants to be a part of something that succeeds, to help it succeed, and succeed for everyone involved, if only just by holding on to it. Not someone who wants to be a part of something temporarily for their own gain, for a quick buck, just to shit on it when it isn't going their way. Just to clarify, I am not part of the Dev team, I am part of the community and one small voice among it. I understand what you are saying, but if I feel frustrated and want to voice my opinion to those who are selling by saying fu** I'm sorry, I will. I'm sure the majority of the community is feeling the same way. I appreciate your comments, and I feel the same way. I don't think articulating in that manner is effective imo. I am equally frustrated by seeing the value of my investment shrinking. This coin is suppose to be a store of value, so its baffling to see the value decrease when Bitcoin is both increasing and decreasing in price. I believe in the premise in this coin, and I do think the development team is active in this thread, which helps increase consumer confidence. The rarity of this coin should be driving the price up. I agree also with everything you are saying. I am also baffled by the price drop along with the huge amounts being dumped. What I was saying in my earlier post was basically that those who would sell off their CB like they are at the moment, are not beneficial to CB neither in the shorter term or longer, so it is best they are out, because they are weak. Those CGB are being sold on to people hopefully with a longer term view with a goal that is much further into the future. Most of the CB discussion is going on over at reddit, so I would urge the community here to subscribe over there and get involved. |
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Very frustrating. I bought in a month ago, and the price has dropped steadily. Purchased as a long-term investment, but the opportunity cost of not investing in other coins during this time and then buying at this lower price is annoying.
Need a huge marketing push. This thread needs more involvement from the community, and ideas need to be generated.
Marketing is half the battle.
Saying fu** to anyone selling, rather than trying to address people's concerns is a mistake. There are lots of other coins to invest in right now. Imagine if your local store said that to you.
There is a growing community over at reddit http://www.reddit.com/r/CryptogenicBullion papersheepdog is selflessly fronting a marketing campaign over there which is getting into swing as we speak. Members of the community are getting involved, generating ideas and working on projects and services for CGB like the new paper wallet https://cgbaddress.org/ new logo, tipbot, giveaways, and other things in the works. CB needs a certain type of investor, one which has a vision, one which wants to be a part of something that succeeds, to help it succeed, and succeed for everyone involved, if only just by holding on to it. Not someone who wants to be a part of something temporarily for their own gain, for a quick buck, just to shit on it when it isn't going their way. Just to clarify, I am not part of the Dev team, I am part of the community and one small voice among it. I understand what you are saying, but if I feel frustrated and want to voice my opinion to those who are selling by saying fu** I'm sorry, I will. I'm sure the majority of the community is feeling the same way. |
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All it means is I get to pick up some lovely CGB that I just started investing into Nice one iampingu For every sell there is a buyer  Just seems lately folk are buying low and selling lower. Can't see the logic  |
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Kinda surprised that with the current trend of PoS only coins being so popular, we haven't seen a surge in prices, looks to be total opposite. Picked up 2k at .0009 last night but am shocked it dropped lower, we have got to be near all time low prices right now correct?
It's really worrying. CGB is one of a handfull that manged to fall today. By a lot too. I would'nt say worrying, its more like frustrating. I say to the dumb-psters go ahead and dump your CB if you don't understand the concept, goodbye, good riddance and shut the door on the way out. |
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1. Yes, please vote everyday for addition to http://www.allcrypt.com/beta/voting.php2. Also, vote for CGB to be added at the Chinese exchange http://www.ecoinfund.com/vote.php NOTE: Along the top of their screen are a series of national flags. Select the one that you are from and the information will be translated. The voter needs to first log in to their system via QQ or Gmail. Once you have logged in, you will be redirected back to the voting page and able to vote once per day, per IP. If you get rerouted to a blank page, just refresh until you get back to the voting page. 3. Email BTER at admin@bter.com and ask for CGB to be added. Everyone in the community, please set aside 5 minutes each day to do these 3 things! Come on guys and gals, keep voting and emailing! We are making progress at allcrypt, keep it up! http://www.allcrypt.com/beta/voting.phpOnly 2 votes in the last 24 hours though on ecoinfund  I think sharing CGB to the Chinese market should be a priority, would be great for the community to get behind this. http://www.ecoinfund.com/vote.php NOTE: Along the top of their screen are a series of national flags. Select the one that you are from and the information will be translated. The voter needs to first log in to their system via QQ or Gmail. Once you have logged in, you will be redirected back to the voting page and able to vote once per day, per IP. If you get rerouted to a blank page, just refresh until you get back to the voting page.Also, please email Bter and ask them to add CGB.: admin@bter.comVote success! Site looks good once you get logged in  |
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Oh! How could I forget the other chart?  AWESOME!! Also thanks for taking time to do the the analysis, a very interesting take on the past, present and future of CB. |
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hi guys, if I have 1000 CGB and mint for 30 days, I should get 1000*1.2%/12=1CGB as interest, is my calculation right?
Actually it's 1.5%, so it would equal 1,25 CGB for the rest the calculation is correct. It's a scarce crypto are you sure?? I thought only 90 days would get the max 1.5%, 30days is only 1.2%. Also one more question, would this "walletpassphrase 'my wallet passphrase' 99999" only unlock the wallet for the minting purpose, for the security side, my wallet is still locked and safe, is that right? Hi Elambert, I would suggest you to post the intrusction for the minting on the first page of this thread. I do noted that you have answer this question in this thread, but it is just too diffcult to find it. You must add the word 'true' on the end for minting purposes only. walletpassphrase 'my wallet passphrase' 99999 true Without the word true your wallet will be completely unlocked. Use 'true' if just unlocking for POS. Thanks Killiz, do I need to keep my wallet running nonstop for 30 days in order to get the pos reward? Or I just need to open the wallet every 30 days to unlock the client? You only need to unlock it for minting after 30 days, 90 days for max interest. Shouldn't take long at all until you start mining proof of stake blocks. Once you have gained your interest type in walletlock to lock it back up. Edit: you don't need to keep your client running non stop, just run it every 30-90 days and unlock for minting. Sorry another two question, if we don't need to run the client nonstop for 30days, how can the pos secure the network? Also if I only unluck it for less than 30 days and need to move some CGB out (not all) do I still get some reward for the remaining CGB after 30days or I get nothing? Good point. Running your client before your stake has been stationary for 30 days or more, is not going to give you any ability to mine POS blocks. Each day a new number of stakeholders funds become eligible for POS mining and clients across the network are unlocked for minting, helping secure the network. About your second question, if you move even a portion of your stake, days are set back to zero for the address in which they have been sent from unfortunately. How about I am adding more CGB to my wallet? Would this affect the coin age of the existing coins? If sending to the same address, yes it will affect number of days accrued and they will be reset. To prevent disruption, create a new address using your client and send to it. Your client may be using many addresses and have your funds split between them. In the console type listaddressgroupings and this will give you every address used. Each may have a different number of days the funds in each separate address have been stationary. So since you have asked this question, going back to when you asked if you should keep your client running, if you have all of your funds in one address it is pointless running it once you have minted stake, but if you do have many addresses, you should run it day by day until each has minted stake, and you get an idea of when each address is eligible. By having your funds split like this you are going to be mining more POS blocks and securing the network further. however the amount of interest you will get will be the same whether your funds are split or not. Large amounts of CGB I would advise to be stored on a paper wallet https://cgbaddress.org or one of finitebydesigns cryptocards http://finitebydesign.net/product/fd-certified-crypto-card-paper-wallet-cgb-ppc-or-xpm/ |
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I am trying to convert Dimecoin to CGB. Wish me luck. P.S. I've earned the Dimecoin, never bought a single Dimecoin. It is time to move the Dimecoin into a store of value. Nice one! Welcome aboard |
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hi guys, if I have 1000 CGB and mint for 30 days, I should get 1000*1.2%/12=1CGB as interest, is my calculation right?
Actually it's 1.5%, so it would equal 1,25 CGB for the rest the calculation is correct. It's a scarce crypto are you sure?? I thought only 90 days would get the max 1.5%, 30days is only 1.2%. Also one more question, would this "walletpassphrase 'my wallet passphrase' 99999" only unlock the wallet for the minting purpose, for the security side, my wallet is still locked and safe, is that right? Hi Elambert, I would suggest you to post the intrusction for the minting on the first page of this thread. I do noted that you have answer this question in this thread, but it is just too diffcult to find it. You must add the word 'true' on the end for minting purposes only. walletpassphrase 'my wallet passphrase' 99999 true Without the word true your wallet will be completely unlocked. Use 'true' if just unlocking for POS. Thanks Killiz, do I need to keep my wallet running nonstop for 30 days in order to get the pos reward? Or I just need to open the wallet every 30 days to unlock the client? You only need to unlock it for minting after 30 days, 90 days for max interest. Shouldn't take long at all until you start mining proof of stake blocks. Once you have gained your interest type in walletlock to lock it back up. Edit: you don't need to keep your client running non stop, just run it every 30-90 days and unlock for minting. Sorry another two question, if we don't need to run the client nonstop for 30days, how can the pos secure the network? Also if I only unluck it for less than 30 days and need to move some CGB out (not all) do I still get some reward for the remaining CGB after 30days or I get nothing? Good point. Running your client before your stake has been stationary for 30 days or more, is not going to give you any ability to mine POS blocks. Each day a new number of stakeholders funds become eligible for POS mining and clients across the network are unlocked for minting, helping secure the network. About your second question, if you move even a portion of your stake, days are set back to zero for the address in which they have been sent from unfortunately. |
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As I have no btc but a bunch of cgb, I do not like what I am seeing 
I wish I had a bunch of btc in there as buy orders...
