White paper will be released shortly and explain extensively.

Great feedback, thank you FR


Yes and yes





Also, the 2017 road-map has been added to the website and some updates are being made. This process will be ongoing process as the new projects roll out. Community review of the text, links, etc is welcomed and appreciated.

This is why I bring this topic up for discussion. The poll is for community input and we may run another one with the evolved discussion unfolding.


Anything is possible and I like the idea. However, this would have to be evaluated at the conclusion of this road-map (end of 2017) along with our other ideas and looked into further at that time. Right now we feel confident that accomplishing the road-map will put us in a position where market price and rewards from dev BPN will be able to fund ongoing development. So we want to stick as close to the outlined path and schedule as possible.

Remember, this 4 year project has evolved and will continue to do so. This space (cryptos) is full of development and collaboration with its open source approach.  Improvements will continue.

In writing the white paper for the BPN implementation, I have been back and forth with the team regarding the current voting poll (cost for a BPN). Yes, a BPN should be an investment and the earning potential will justify the investment, however this is not the only consideration. I bring this point up because the 2k CBX option is presently leading.

The issue I have with this is that in order for us to maintain PoSP and implement BPN, we must split the network coins so we can allow different interest earnings percentages for each function (BPNs should earn more as they provide more services to the network).

Essentially this means splitting the 1 million total CBX into halves of 500k CBX each. One half would be used for PoSP at 1% annual inflation (interest earnings projected from this would be in the 3-6% annual range). The other half for BPN would be at 3% annual inflation so the two would balance out to our 2% inflationary target.

Additionally to make BPN operation more lucrative, we will limit the total number of BPNs to max out at 250k CBX (1/4 of the network). This means that if all of the BPN slots are filled, the absolute minimum interest earnings would be 6% per year. Going off of our PoSP history, we can extrapolate that the return will actually be 3-6 times higher than the inflationary rate from the BPN half therefore rewarding in the projected range of 9-18% yearly for BPN operators.

So with this outlined we come back to the current survey. If we set a BPN cost at 2k CBX, then the maximum number of nodes we can have on the network would be 125. If however we set BPN cost at 500 CBX, then we can have a maximum of 500 BPN on the network and better decentralization.

Feel free to provide any input you want heard from the team regarding this subject.

Your coins become eligible to stake after 1 hour. This does not mean you will get a block after 1 hour, just that you will enter into the queue to compete for PoS blocks after that hour. The frequency of block rewards will be largely based off of the amount of CBX you have but overall you will get rewarded based off the network competition. The network currently is rewarding 15% annual interest on your coins.

Yes


No time requirement for a BPN, the only requirement will be a set amount of CBX (not yet decided)

Stage 1 will be a hard fork, promptly followed by stages 2-4. All are scheduled for the remainder of 2017 and date estimates are provided in the road-map published in this thread and in OP for reference. As 2017 winds down we will publish our 2018 road-map.

This is the first I am hearing about that. Can you elaborate please?

We have not planned a re-launch, we have announced our new road-map so perhaps this has confused some people?

Hi Killiz, great to see you!

Thank you for the suggestion, this usually works when all else fails.

Good points digit, we will give the funding address a try. I agree this would by far be the ideal but based off of the vote we had, it doesn't look like the support is there.

With regard to Cryptopia's policy, we have reached out a couple days ago and awaiting a response.

Crypto Bullion hits a milestone today.


HAPPY 4TH BIRTHDAY TO CBX!

Yes there will be a limit on total coins. Internal discussions are leaning towards 25% of total supply so once this quota is met, there would be a queue to fill any BPN spots that come available. Target number of BPN's is to be determined.

The devs will make the decisions on the parameters but as there are some variables to play with, we want to hear the communities thoughts on amount for operating a BPN so this can be weighed in to the decision making process.

Thank you for the feedback.

Cryptopia delists for reversing transactions (editing blockchain history). This is a completely different matter.

I don't know about 50% (was 55 cents USD per CBX last night compared to 50 cents USD when I awoke this morning), but markets are volatile. I don't think it has to be a bad thing, just means that some with CBX sold to some who wanted to purchase CBX - coins exchange hands. We have laid out our road map and begun working toward completing it on the outlined time table. Some will like the direction we are going but some may not. The trend has been up so far and volume has picked up so we are certainly on the right track.

The superblock is so far a unanimous consensus. This is a critical portion of the 2017 plan as it will insure CBX has funding for ongoing development after completion of our present road-map. This is extremely exciting and guarantees a very bright future for CBX.

We will keep the poll up for a little bit longer and then put up a new one to gauge community input on another important decision. Next poll will most likely be to determine the amount of CBX necessary to operate a Bullion Participation Node (CBX dev team's brainchild of PoSP Masternodes).

That is correct although we will have something incorporated in the next Vault release (step 1 of the road-map). In the meantime you can go to the extraction tab of the CBX explorer https://chainz.cryptoid.info/cbx/#!extraction and calculate for yourself.

Presently 25% of the network is staking the last 1000 blocks so this means that the other 75% of the network is forfeiting their potential earnings to those who are staking. So the 2% in this scenario can be multiplied by 4 to estimate an 8% yearly interest rate on those staking continuously. If you have 1000 CBX and you stake for the year and all else remains the same, you will earn 80 CBX over the course of 12 months.

I am on windows 10 and no issue here. Are you syncing and then after 4-5 hours it crashes or does it crash while trying to sync?

Unfortunately this is strictly a decision of the exchanges but we are of course all for it. I think volume and community requests combined will do the trick. However, if at the completion of this roadmap we are still not there (very difficult to believe) then creating our own exchange will be on the 2018 roadmap. It very well may he either way but we will have to prioritize projects at that point.

I just received the below quoted question via PM but in case others have the same query, I am going to answer it here:


The inflation rate of CBX is 2% per year (actually it is closer to 1.8% but 2% is the target). This 2% of the approximately 1 million CBX in existence comes out to 20k CBX generated per year. This 20k is divided in the PoSP algorithm to payout in blocks every 1 minute (about .04 CBX per block). In order to earn a PoSP block, one has to have their Vault open and staking (CBX contained become eligible after 1 hour). This results in a far higher percentage yield for participating stakers since all CBX owners are not always staking (lost CBX, cold storage, coins held at exchanges).

PoSP has been running for 1.5 years and the metrics in this time show the 8-10% yearly yield rate.

So basically we have 2 different metrics going on here that you are confusing:
Inflation = 2%
Interest earnings = 8-10% currently

I hope this clarifies.

Present rate of return is 8-10% per year. So 8 CBX per month would be a conservative guesstimate.