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Author Topic: [ANN][CRB] Creditbit - ERC20 token  (Read 365454 times)
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waqas_wahid001
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November 26, 2017, 10:33:41 AM
 #3321

yeah Credibit is rising nice to see that
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November 27, 2017, 02:40:30 AM
 #3322

when creditbit will go back to the 50k price at bittrex???  it has been long enaugh its price is going down..
but will it come back ??

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November 27, 2017, 05:32:17 PM
 #3323

when creditbit will go back to the 50k price at bittrex???  it has been long enaugh its price is going down..
but will it come back ??

When someone will start to pump ...

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November 28, 2017, 01:11:55 PM
 #3324

when creditbit will go back to the 50k price at bittrex???  it has been long enaugh its price is going down..
but will it come back ??

When someone will start to pump ...

who's will do it??  Grin ,,
six months have passed, the price is getting down,, badly..
never pump.

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November 28, 2017, 01:26:25 PM
 #3325

Dear Community,

as our DAO members are already in full working mood we are sharing this months thoughts on Crypto currencies from one of our member mr.Drapal Andrej. Please read and let us know what you think!


Mora about mr. Drapal:

ANDREJ DRAPAL
Andrej Drapal puts together extremely various studies and professional engagements from the past to present. He was active as publisher and editor in student times. He was widely publicised author of critical essays in culture, arts and civic affairs. He was theatre and film producer. He was co founder of first and still largest and most respected public relations and marketing agency in Sloevenia. He founded first professional lobby association in Slovenia. He founded Chamber of professional services of Slovenia. He was member or president of various boards among them president of National Gallery board for 2 mandates and is member of Ljubljana festival program board. He served as consultant for more than 200 Slovenian and international companies. His method lies on solid philosophical foundations (he studied philosophy), neuroscience, evolutionary theory and contemporary liberal economy foundations.

His post:

Crypto currency values

With the announcement that Bitcoin reached $9.000 mot probably $10.000 when this post is read by anyone, the question of what is "the real" value of Bitcoin Ethereum or altcoins is going to reach highs in parallel.

Me, being a tender novice to crypto world and to blockchain world, and at the same time with no inclinations towards capital markets derivatives and futures and feeling and understanding hashtag as a kind of obscure hobbit lurking from a computer screen not understanding a bit of its DNA, cannot really discuss questions of digital (technology) currency (finance). But I will. From the position of value creation that is the central issue of branding and business modeling. And I do tend to understand myself as one that is involved in branding issues daily.

First of all, there are two values of cc. (cryptocurrency) on the market. First one is exchange value of each currency. There are around 1300 such currencies on the market at the moment. Site conmarketcap.com looks behaves like forex page, each cc. being a state with its own currency. I will leave aside at the moment the question whether cc. currencies based on ICO are not in fact as many FIAT currencies as Dollar or Euro.

What makes cc. crucially different from offline currencies it that there are decentralized. But then: what prevents states being decentralized? They could in principle. So, the mere fact that cryptocurrencies are decentralized does not make them that much different from offline currencies. They behave like national fiat currencies that can be exchanged among each other on the basis of their exchange value. This means that most probably since there is no central authority behind any of them, they will unlike offline currencies merge and emerge over time.

But what creates the value that defines their exchange value?

Part of the question lies in the fact that cc.s' are fiat currencies if they are based on ICO's. Why? Because they rest on debt towards investors. They are nothing but futures at the same time. The debt that makes the basis of cc.s' are future services that are going to be monetized through each of cc. But while we know that the USA is never going to pay all debts on which Dollar is resting, we do not know whether particular cc. is going to create a service that value of which is going to fill the gap towards market capitalization of this particular cc. It might, but as well it might not. In later case, investors are going to lose. But only investors in specific cc.

And here we come to the second, more important value of most of the cc.s' and especially altcoins. While Bitcoin and Ethereum (and some other cc.'s as well???) do not have any specific service as a backbone value creation device behind, a majority of altcoins rest on ICO that had specific service promise as its pitch. And this is first really an important difference from offline currencies, at least from my point of view. Altcoins are behaving like a Dollar that could serve as a coin for toothpaste, airfare or gold.

If this is true, and I am not at all certain that this is true, then we might come up with zillions of different cc.s', each one for one product or service or each one for few of them. Should that happen then the question of the intrinsic value of such currency would evaporate since such value would be a capital/market value of such service or product?

As we all know, there are offline projects that behave like Altcoins. Various local currencies have developed all around the world that tends to represent more intrinsic value than national currencies, but are confined to be exchanged for specific local products or municipal services only. Cryptocurrencies thus from my point of view bring nothing new, but blockchain decentralization backbone. And as we all know; this backbone really makes difference for no offline local product based currency passed the test of time. Well, we could not say that 10 years of cc.s' proves the test of time, but what is proven is that local and particular events became instantly global through this decentralized technology only.

So, at the end it is true that cc.s' cannot inflate since the final distribution amount is defined at the very beginning and cannot be changed, and should thus not be subjected to offline currencies inflation, but since there are in principle no restrictions for introductions of new cc.s', the inflation is necessary on the level of all of them. On the other side, we know that due to market principles, that govern the decentralized digital world as much as offline analog worlds, inflation is going to be self-regulated due to intrinsic link between each cc and its products and services.

Tlak to you soon.

Yours CM
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November 28, 2017, 03:59:44 PM
 #3326

when creditbit will go back to the 50k price at bittrex???  it has been long enaugh its price is going down..
but will it come back ??

When someone will start to pump ...

who's will do it??  Grin ,,
six months have passed, the price is getting down,, badly..
never pump.


This project is not just some random pump and dump, this is real team with really good project on eth blockchain, the idea is really good with many opportunities for growth and soon big update is coming.  I believe this project will reach $10 by next summer.
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November 29, 2017, 07:30:48 AM
 #3327

Credibit price today 29 Nov 2017
$0.403037 USD (6.38%)
0.00003851 BTC (0.41%)
0.00086748 ETH (10.01%)
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November 29, 2017, 08:23:02 AM
 #3328

Great and thanks creditbit-cm for updates from creditbit DAO memer.

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marcous
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November 29, 2017, 09:33:45 AM
 #3329

when creditbit will go back to the 50k price at bittrex???  it has been long enaugh its price is going down..
but will it come back ??

When someone will start to pump ...

who's will do it??  Grin ,,
six months have passed, the price is getting down,, badly..
never pump.


This project is not just some random pump and dump, this is real team with really good project on eth blockchain, the idea is really good with many opportunities for growth and soon big update is coming.  I believe this project will reach $10 by next summer.

hopefully its better progress and price get rise ,, im waiting that moment and next update. great team...

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November 29, 2017, 03:54:20 PM
 #3330

Who is Satoshi Nakamoto ?

New world money will not be bitcoin

Only CreditBit example is enough

The world will be shocked in 2020
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November 29, 2017, 04:32:51 PM
 #3331

the price decreases quickly what happen?  Huh
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November 29, 2017, 06:10:11 PM
 #3332

nobody can grow fast
Time shows everything
dash is now $ 700 after 2.5 years
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November 30, 2017, 10:27:27 AM
 #3333

Matic Tovšak, our DAO Memeber, shares his view on CRB in next article.

More about Mr. Tovšak:
Matic Tovšak graduated in 2011 at the Faculty of Computer and Information Science (University of Ljubljana) from the field of discrete mathematical models and algorithms for stock options valuation. After graduation, he acquired a job at the Faculty of Computer and Information Science in the Computer Vision Laboratory, where he worked as a development engineer in the field of bio metrics (development of a fingerprint verification system). Working as a development engineer, he attended conferences ERK (International Electronic and Computer Science Conference) 2012 and ROSUS 2012. He has huge amount of experience in field of the world financial markets and the mechanics of the financial derivatives. His knowledge was also applicable in variety of industries one of his favourite was currency exchange market.

Where do we see CreditBit in the future

Despite the fact that cryptocurrencies attracted quite a growing investor following and media
attention in the past few years, a certain questions regarding their future and their usability remain
opened. As an alternative to Bitcoin, a large number of companies emerged and launched their own
cryptocurrencies. This brings us to CreditBit, which is an open source project and also a new
Ethereum based ERC 20 compliant token with a lot of attracting features. And although its features
make it an interesting value at the moment, in the future we would very much like to see it not only
as a speculation capital dormant in a digital wallets of its owners in the hope of increasing its future
exchange value, but rather taking it to the point where market participants could see it as a stable
and trusted store of value. Judging by the list of companies that accept digital currencies (namely
Bitcoin) at the moment, such statement doesn't come over as presumptuous at all. The problem that
still persists is that with a fluctuating value and questionable liquidity, such funds can either help or
hurt the company that accepts them. Since majority prefer stability over volatility, there are still a lot
of people and companies that are not comfortable with a thought about moving their assets into
something with extreme daily fluctuations of their net worth and poor liquidity. The aforementioned
issue could be addressed through an intermediary market making entity that would provide a
purchase and sale solutions for investors by holding a larger volume of an a instrument in order to
keep the market liquid, hence satisfying the supply and demand of the market.
In this context, CreditBit should strive to improve its usability and ultimately reach a point in future
where we could see it not only as a more stable (less volatile) and easy enough for consumers to
understand but mainly as a trusted store of value with an adequate degree of safety.

Share your thoughts with us.

Rg,

Yours CM
Ofcifreak
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November 30, 2017, 11:06:04 AM
 #3334

What is purpose of this coin? You are working on 2.0 version, but for what reason? What's different in Creditbit?
IMHO - just onother useless ERC20 token.


1.read white paper!
2.when was x11 coin price was 0.005$ ! Dead coin! Look price and volume now!



What if WP the details are not completely clear?
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November 30, 2017, 11:09:13 AM
 #3335

Hello guys! Can’t wait to start using dapp! Thanks the team for the project
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December 04, 2017, 07:39:49 PM
 #3336

CreditBIT был создан в 2015 году на основе кода Bitcoin и недавно перенесён на блокчейн Ethereum. Его можно хранить и переводить при помощи цифровых кошельков Ethereum, каждый из которых предоставляет уникальную комбинацию приватного и публичного ключей (например, Mist, Ethereum Wallet, MyEtherWallet, Parity). С технической стороны Creditbit – это цифровой токен, хранящийся в блокчейне Ethereum – публичном цифровом распределённом реестре.
На практике Creditbit можно переводить между адресами Ethereum (кошельками), которые управляются держателями ключей. Кроме того, смарт-контракты – набор правил для токена Creditbit, позволяют реализовывать значительно более широкий спектр функций, чем простое хранение и перевод токенов. Proof of Trust – одна из самых примечательных функций из этого числа, представляющая собой механизм фиксации, позволяющий держателям токенов участвовать в распределении выпускаемых токенов и голосованиях.

Выпуск валюты не регулируется никаким финансовым органом. Он осуществляется через процесс добровольной фиксации. Любой владелец токенов имеет возможность зафиксировать часть своих активов на определённый период времени для того, чтобы получать награды подобно тому, как инвесторы получают выплаты по бондам.

Обменный курс CRB в первую очередь определяется биржами, где токены можно покупать и продавать.

Поддержка и разработка экосистемы Creditbit осуществляется командой разработчиков. Credit 2.0 – это название второй дорожной карты CreditBit. Главная цель проекта – разработка и поддержка криптовалютной экосистемы, основанной на токенах Creditbit. Проект был запущен 1 января 2017. Именно тогда к работе приступила новая команда разработчиков. Проект основывается на принципах долгосрочных и открытых разработок. В него входят несколько дочерних проектов, таких как CreditMC и CreditGAME.

Проект в первую очередь занимается решением технических вопросов. Для формирования сообщества, продвижения Creditbit по социальным каналам и принятия решений была создана децентрализованная автономная организация (DAO).

Каждый адрес обладает правом голоса в DAO. Вес голоса определяется объёмом зафиксированных (Proof of Trust) или пожертвованных токенов. Любой адрес может быть выдвинут в качестве кандидатуры на присвоение определённого уровня доверия.

Чтобы участвовать в голосовании, пользователи фиксируют токены на определённое время. Эти токены можно использовать для участия в нескольких голосованиях. Кроме того, они могут добровольно жертвовать свои токены в фонды CreditBit. Вес голосов, полученных за пожертвования, в два раза превышает вес голосов, полученных за зафиксированные токены.

На платформе существует 3 уровня доверия. Выбор адресов для присуждения им одного из уровней доверия осуществляется раз в полгода.

- Первый уровень: Правление – это самый высокий уровень доверия, обладающий наибольшим числом полномочий и привилегий. В него входят 5 адресов, принадлежащих разным людям, которые раскрывают часть своей персональной информации. Правление проводит регулярные встречи, может проводить новые голосования и выполнять определённые смарт-контракты.

- Второй уровень: Палата общин – сюда входят 30 адресов. Они могут выбирать правление, подготавливать предложения и задания для фонда поддержки развития.

- Третий уровень: Все адреса, обладающие правом голоса.

В рамках первой стадии дорожной карты Credit 2.0 проект был перенесён на другую платформу: старая версия Bitcoin-токенов CRBIT была заменена новой версией Ethereum-токенов CRB.

Помимо начального выпуска токенов CRB (перенос старых токенов + токены для разработчиков и продвижения) осуществляется процесс выпуска новых токенов, который носит название Proof of Trust. Он позволяет держателям токенов CRB, которые добровольно фиксируют свои токены, получать награды.

В рамках Proof of Trust действует два механизма выпуска токенов: CreditBOND и CreditGAME.

CreditBOND предоставляет фиксированную награду на закреплённые за пользователями токены и определяется временем фиксации токенов (выражается в блоках). Механизм CreditGAME более динамичен и носит развлекательный характер.

Игроки могут анонимно участвовать в играх «1 на 1» и состязаться за награды CreditBOND. Оба игрока фиксируют одинаковое число токенов на определённый промежуток времени и входят в игру. Победитель получает все награды, которые были начислены на токены за период фиксации, однако, право собственности на сами монеты не переходит. Таким образом переходит перераспределение наград CreditBOND. Сейчас доступны 2 игры: Сапёр и лото. Кроме того, платформа будет использовать Leader Environment, который позволит участникам сообщества самим выбирать, какие игры добавлять на площадку.
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December 05, 2017, 04:18:53 PM
 #3337

Hello guys! Can’t wait to start using dapp! Thanks the team for the project
If you have used creditbond, congratulations you have used dapp!
CreditBit-cm
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December 06, 2017, 12:10:07 PM
 #3338

Our DAO member Ivan Beljan shares his thoughts on CRB, Blockchain & Bubbles

Take a look at this price chart:
https://imgur.com/a/uPY30

Can you guess what it is? Looks similar to current Bitcoin chart doesn’t it? Time scale on the bottom gives a clue it’s got something to do with the Dot-com bubble. Yes, it’s actually a Qualcomm chart which was one of the hottest stocks during the late 90’s boom. It rose from $3 to almost $70 in less than a year. What would have you thought about it back then? A good long term investment? A bubble?

For me the blockchain, both as technological innovation as well as an investment opportunity, resembles the internet a lot. It’s a disruptive technology that challenges incumbent solutions to a wide array of problems and will change our lives in an unforeseen fashion. Very similar stories 20 years apart.
While I’m bullish on the blockchain as a technology I’m not as bullish on thousands of crypto coins currently listed on crypto exchanges. Internet now is many times bigger than it was in the 90s but internet companies from the 90s did not grow alongside, on the contrary, most are non-existent.
Pets.com was worth $300 million at one point in 1999. It had no customers, no inventory and no idea how to ever make a profit. It did have a website. And that was all it mattered to investors lured by the novelty and recent price action. It feels exactly the same all over again on an even bigger scale with the influx of all the nonsense initial coin offerings this year.

So who will profit from the rise of blockchain technology? The internet parallel suggests market will eventually wipe out the frauds and the hot air projects while companies and projects with actual applications will move on to become much bigger.
Here’s Qualcomm chart after 1999:
https://imgur.com/a/wGkmw
 
A steep run up in 1999 was followed by a crash in 2000 but eventually the company came back and will probably rise to new highs.

Microsoft is an even better success story:
 
https://imgur.com/a/JX5kG

MSFT lost more than 50% when the bubble burst in 2000 but eventually recovered all of it and is now more than double it was at the height of a dot-com bubble.
I believe crypto world is in a bubble now which will inevitably burst. The bubble does not imply something is worthless, it might have just gone too far too soon and my view is the best current blockchain projects will have a price trajectory similar to Qualcomm or Microsoft.

Bursting of a bubble is like a forest fire, destroys many but provides an even better soil for the survivors and the newcomers. As Bitocin and cryptos have reached the masses and mainstream media the history teaches us the moment of truth is very near.

CreditBit has sound technological fundamentals and well-thought distribution model which provide a good platform to build upon. Finding a way to utilize the technology and marketing it to potential customers is key to a long term growth.

Talk to you soon again.

Yours Cm
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December 06, 2017, 12:13:20 PM
 #3339

Hello guys! Can’t wait to start using dapp! Thanks the team for the project
If you have used creditbond, congratulations you have used dapp!
What is the creditbond ? Huh
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December 06, 2017, 12:43:58 PM
 #3340

Hello guys! Can’t wait to start using dapp! Thanks the team for the project
If you have used creditbond, congratulations you have used dapp!
What is the creditbond ? Huh

https://www.creditbit.org/creditBond.html

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