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How are things going Development Team?
Any updates on development?
Any juicy gossip?
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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! Would just like to say what a great post and answer to the question. Don't think anyone else could have said it any better. Well merited and you can have an extra merit from me. +1 merit  |
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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. WOW!! CBX is about to become extremely hard to get hold of. I'm sure there are people who are selling CBX and don't fully understand how quickly things will take off, and how expensive it will quickly become to buy. Bullion is going to become the ultimate store of value, and those that hold on tight now, while we are still a small community will reap the rewards. Running a masternode will be very rewarding, but just owning a few hundred will set you up for life IMO. |
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Been solid and even increase a bit through this dip phase cryptos seem to have hit regarding korean/china fud.
Demonstrates a real rise in interest here. Although this is still crazy undervalued compared to 99% of projects above it.
2000 does not sound like a great deal but it will become almost impossible to accumulate that once this starts to take off.. better to get it sooner than later really.
Totally agree. With such low volume, the way CBX has weathered the latest bitcoin storm, tells me that we are building a solid community who has a steady hand. CBX to me, is something which I will hold to the point where I can live off the interest alone. Selling only what I gain from staking. I believe we are finally attracting the right sort of investors, with this type of mindset, as demonstrated by the way value has remained relatively steady as of late, with such a low value buy order book. The only reason I can see why we are so far behind in marketcap compared to so many inferior currencies is because of the wallet/vault issues we have all no doubt experienced. This as we know, was all down to a series of programmers taking on the role and leaving after a short while without properly correcting critical problems in the codebase. Thus making the task for each developer thereafter harder. Hats off to those that have tried, CBX wouldn't be here without youAs elambert stated a few post ago. All development on the roadmap has been funded and will be completed. After over 4.5 years of holding and following the development of CBX, I've never been more sure of the outcome of the following few months. We are still well under the radar, and this is a perfect time to slowly keep stocking up before the floodgates are opened with Vault 3.0. |
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Deposits and withdraws for Bullion are once again enabled at Cryptopia. Happy trading!
yes that very good , with the coming masternode and new valut plus coinbook many should want to get cbx . a stable store of value how many coins for a masternode? 2000 CBX are required to run a Masternode. |
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Roadmap 2017-2018 status report!
Development of Vault 3.0.0 continues, as promised, and as I am always in touch with Cryptopia and our coding team here are the latest developments:
1) After discussing with a few officers from Cryptopia and confirming with them that CBX Vault 3 will not be a swap, we have now 99.5% chance of implementing our desired name change with new logo. I still did not get the final OK however, as we all know Cryptopia's responsiveness has suffered greatly recently. I know my way around with Cryptopia to get things done, just right now they are really swamped.
2) In the previous update, I revealed that we were testing the staking capability of Vault 3; in this test we hit a bug however, our new codebase Vault 3 is somehow infringing one or more rules when attempting to form new blocks, and existing Vault 2.4.3s are rejecting blocks generated by Vault 3. We are conducting extensive tests to find out what rules are being infringed and how to solve this issue.
3) We were able to successfully compile the new Vault 3 code for Windows OS, so this is a major step.
4) Current Vault 2.4.3's loading time has been greatly reduced in Vault 3, using the fastindex function instead of making the Vault extensively recheck things that were checked already, on every launch. Vault 3 launches in under 1 minute now, close to 15 seconds on a SSD drive.
That's it for now, enjoy the rest of the week!
Thanks for the detailed update Ben. |
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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. Awesome!! |
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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?
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Really hope CBX gets traded on jl777's decentralised BarterDEX, it's about to blow up big time, they just announced they're close to adding atomic swaps between Komodo & ETH, and Komodo & Erc20 tokens, they call it 'Etomic'. Once that takes off BarterDEX will become a major decentralised atomic swap exchange. They're even using SPV servers now so you don't even have to download the full blockchains to do atomic swaps.
CBX has got to get on BarterDEX guys!!
Honestly i would agree. i have been following the updates from KMD platform/ supernet team. they are doing some nice work out there. For now still under the radar. Excuse my ignorance, I wonder how those decentralized exchanges are going to work? I know this is becoming a hot topic after all those KYC verifications are being forced everywhere, and there are several decentralized exchanges existing already, but I never used any, and dont yet understand how they are going to execute trades, if they don't hold the private keys? The taker side is clear, but what about maker side? If I pur an order, which cannot be executed instantly, then I close the browser, how do they executw the trade and take funds when someone wants to buy my order..? Sorry for possible offtopic, would appreciate if somebody could explain this in couple of words... BarterDEX uses 'atomic swaps', so using timelock & multisig, trades happen directly from one blockchain to the other, so the BarterDEX never has your keys or coins. It's fantastic tech, and because they setup SPV servers like electrum, you can do atomic swaps between coins without having to download the full blockchains, but you can if you prefer too. BarterDEX has a learning curve (especially understanding utxo use), but compared to regular centralised exchange with kyc, hack risk, and withdrawal limits etc, there's no comparison now. https://themerkle.com/what-is-an-atomic-swap/Interesting stuff! Be good to say goodbye to centralised exchange dictatorships. |
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Really hope CBX gets traded on jl777's decentralised BarterDEX, it's about to blow up big time, they just announced they're close to adding atomic swaps between Komodo & ETH, and Komodo & Erc20 tokens, they call it 'Etomic'. Once that takes off BarterDEX will become a major decentralised atomic swap exchange. They're even using SPV servers now so you don't even have to download the full blockchains to do atomic swaps.
CBX has got to get on BarterDEX guys!!
Yeah, looks very interesting. Noticed coins that have recently announced they are using BarterDEX have seen a steep rise in marketcap. Argentum for instance announced yesterday. |
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Can anyone think of a new slogan?
..... Grab the bull by the horns
Ride the bull....
.... Rare stake 😁
Just a bit of fun, have a think and post ur slogans. Maybe we can come up with a good one.
I like the digital precious metal one but I had mentioned in a previous post Bullion "Grab crypto by the Horns" not sure if it resonates with people though. Yeah, I thought I read someone say this in an earlier post. I like digital precious metal also. Was thinking of just a tag, a catchy slogan that you can't get out of you mind. Should be something that can be associated with CBX but also in everyone's everyday life and way of thinking. All the biggest companies have great slogans that are like this. Lock it, leave it, live it |
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Can anyone think of a new slogan?
..... Grab the bull by the horns
Ride the bull....
.... Rare stake 😁
Just a bit of fun, have a think and post ur slogans. Maybe we can come up with a good one.
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Good Day,
Sorry I am not sure if this has been mentioned before. I found out about this coin very recently. Loving the idea and am very surprised it is not much bigger yet. But my main question is this; is there a plan to change the name? I feel that a name change to a one word like 'Bullion' would be pretty cool. Furthermore, loving that new logo.
Welcome to Bullion, darkmatter45! Yes, we are currently discussing changing the name of this currency from Crypto Bullion to just "Bullion". As one can imagine, there are many people involved in this, so a decision can't be rushed and will be posted shortly. Hoping for the name change to Bullion. The emphasis on 'crypto' is not needed anymore. Crypto Bullion is quite a mouthful and doesn't stick in the mind as would Bullion. Indeed! This is one decision for which I think we won't need a new poll... Great news!! Just a reminder to everyone that they can download the telegram app on their smartphone and join the chat at the link below. https://t.me/joinchat/FkBLVEimXQscVn1cetdd4g |
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Good Day,
Sorry I am not sure if this has been mentioned before. I found out about this coin very recently. Loving the idea and am very surprised it is not much bigger yet. But my main question is this; is there a plan to change the name? I feel that a name change to a one word like 'Bullion' would be pretty cool. Furthermore, loving that new logo.
Welcome to Bullion, darkmatter45! Yes, we are currently discussing changing the name of this currency from Crypto Bullion to just "Bullion". As one can imagine, there are many people involved in this, so a decision can't be rushed and will be posted shortly. Hoping for the name change to Bullion. The emphasis on 'crypto' is not needed anymore. Crypto Bullion is quite a mouthful and doesn't stick in the mind as would Bullion. |
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Hello everyone, thanks for participating/following this thread about the next CBX logo. By unanimity, thebiglello wins with his logo and name change concept, https://bitcointalk.org/index.php?topic=2619125.msg27094366#msg27094366The logo, or a slight variant of it, will be used for CBX, the question being discussed now is if we will also change the name from "Crypto Bullion" to just "Bullion". thebiglello, please contact me by PM with your CBX deposit adresses and we will send you 150 CBX. Congratulations!! I'm really pleased with the new logo. I vote for the name change to just Bullion. Should maybe do a poll. I owe thebiglello 50 CBX of that 150. I can send to the winner or I can send to the dev team and they can pass it on. Whichever you want. |
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Happy New Year 2018, Bullionaires!
2017 has been a good year for Crypto Bullion, many lingering issues have been resolved. In 2018 Crypto Bullion, perhaps soon to be "Bullion", may be the ideal cryptocurrency for the next big turnaround - May 2018 be the year of the Bullion!
I wish all my fellow Bullionaires prosperity, and most importantly, the required health to enjoy it!
Happy New Year!
Looking forward to the weeks ahead! HAPPY NEW YEAR EVERYONE!! |
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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! LOVE IT!!  Like your idea of the rename to Bullion also. Really bang on in your reasoning. Had to repeat myself a few times when suggesting Crypto Bullion to friends and relatives. Simply 'Bullion' is a great idea. You have my vote on this. Great design and rebrand idea. Nice work!! |
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I feel very sorry, CBX bought with BTC in May, but it has not risen, or less than the increase of BTC
 It has not risen? Are we both looking at the same chart? Imagine the dollar value when the bitcoin price takes off! |
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🎄Merry Christmas to everyone🎄
Merry Christmas! |
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