Have you looked at PoSP, the original staking algorithm of CBX?

[UsaLove]

The traditional financial markets, and the interest rates have not given any real significant gains to investors since year 2001, taking inflation under account.

CBX's PoSP has 2% inflation for the money offer of the coin, but rewards are around 8-10% because of how the system works.
I know it can be annoying to leave the CBX Vault open at all times; but can you guys tell me if there could be any better staking out there?

I don't see any. Seriously.CBX price is very low when you factor in this staking advantage; I think it's time people discover it.

Main CBX English thread is here: https://bitcointalk.org/index.php?topic=951753.0

[1715444860]

1715444860

[1715444860]

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[kiklo]

I know it can be annoying to leave the CBX Vault open at all times; but can you guys tell me if there could be any better staking out there?

ZEIT is currently 15% annually until Jan. 2017 when it drops to 5% yearly.

With PoSP, you can make more than the stated interest of 2% ,
but a variable rate that requires continuous connection,
1. Is a pain.
2. May not be possible for some countries with intermittent internet or electricity usage.  
3. Standard PoS coins , don't require it , so they receive more of my interest.

With Standard PoS coins you decide do you want to support the network on your terms, where PoSP requires you support the coin on the Dev's terms.
Also PoSP will favor the whales , standard PoS will be fairer to all of its users.

 

FYI:
Also with CBX Staking eligibility after only 1 hour , definitely a coin favoring Whales

[UsaLove]

ZEIT is currently 15% annually until Jan. 2017 when it drops to 5% yearly.

15% of the whole money offer of Zeit is very high inflation while with CBX the whole money offer grows ONLY 2% while you can make 8%

Also with standard PoS the problem is people can connect 1x per month and get the whole inflation. So security has to be maintained by nodes kept by Devs. With CBX, staking is very decentralized.

Its very decentralized because many different people connect their Vaults to the CBX network.

[Agaguk24]

ZEIT is currently 15% annually until Jan. 2017 when it drops to 5% yearly.

With PoSP, you can make more than the stated interest of 2% ,

Hey earning 15% in a coin that is growing by 15% (which is too much) is not at all the same thing as earning 8% in a coin that is growing by 2%!

With CBX you are earning real staking interest, with ZEIT you are just keeping up with everybody else.

 

[kiklo]

ZEIT is currently 15% annually until Jan. 2017 when it drops to 5% yearly.

15% of the whole money offer of Zeit is very high inflation while with CBX the whole money offer grows ONLY 2% while you can make 8%

Also with standard PoS the problem is people can connect 1x per month and get the whole inflation. So security has to be maintained by nodes kept by Devs. With CBX, staking is very decentralized.

Its very decentralized because many different people connect their Vaults to the CBX network.

LOL,

ZEIT is 15% for only 1 year, in Jan it drops to 5% annually forever.
So inflation issue will be gone in January.

Yes People can connect once a month and get their interest, but we are a Monolith of a coin with ~35 Billion coins so there is always plenty to stake.
Our coins are only eligible to stake every 20 days, which means the whales can not monopolize the staking process for their benefit like in a PoSP with extremely low time before staking.  

CBX network currently has 28 people connected, ZEIT network has 29 people currently connected.
So there is no major difference in # of users between the two.

The only real difference, is with ours you can better calculate your exact rewards and can support or not support the network , it is the user choice.

If yours gets popular and you get an increase in users, your rate will drop, meaning all those expecting 12% will be a little upset,  when they only receive 2%.

 

FYI:
Also CBX has less than 1 million coins, it will never receive the Benefit of being used for Global trade, there are just not enough coins for worldwide usage.
CBX will have to find a Niche market to thrive.

[kiklo]

 

Looks like CBX team is trying to pump CBX by having it fund an ICO for a project called Quintessence with a 2nd coin called Sparks.
https://bitcointalk.org/index.php?topic=1600250.0

$156,000 pump in the past 12 hours.

Enjoy the Pump, everyone else there is always a dump later , so be careful.


 

[VonSpass]

FYI:
Also CBX has less than 1 million coins, it will never receive the Benefit of being used for Global trade, there are just not enough coins for worldwide usage.
CBX will have to find a Niche market to thrive.

I agree, this is why we are migrating towards a brand new system of currencies, the Quintessence system, where CBX will remain the rare and precious investment part of that system.

https://bitcointalk.org/index.php?topic=1600250.0

CBX will have its niche there...

Spark will be the other token, there will be an estimated 1 billion Sparks, so SPK will be the tool, the token that will be fueling plenty of usage.

[spartak_t]

@kiklo,

As far as I know, PoS also favourites the whales. I found out about PoSP probably a week ago and I'm currently researching it.

[elambert]

Block rewards should be an incentive for work provided. This is what encourages network security and processing of transactions. Traditional PoS that rewards for inactivity is illogical. PoSP is fair and encourages decentralization by leveling the playing field far better than any other algo.

[FiniteByDesign]

Looks like CBX team is trying to pump CBX by having it fund an ICO for a project called Quintessence with a 2nd coin called Sparks.
https://bitcointalk.org/index.php?topic=1600250.0

$156,000 pump in the past 12 hours.

Enjoy the Pump, everyone else there is always a dump later , so be careful.


 

I don't know about that. All of the CBX being purchased off of the market is going into ICO lockdown during development. With only 1 million CBX out there, there will be nothing existing to dump.

[kiklo]

@kiklo,

As far as I know, PoS also favourites the whales. I found out about PoSP probably a week ago and I'm currently researching it.

Lots of people say it, but few examine it.

Any PoS or PoSP coin that allows coins to stake less than 5 days will favor the whales, since they can stake pretty much all of the time and keep smaller blocks from staking.
Coins that only allow you to stake every 15 or more days, decrease the Whales ability to use Compound Interest to their advantage which gives people with smaller amounts a chance to stake. So the shorter the time frame the more Compound interest you can earn and the Larger the Whales become.
Sprouts is a Good example , a high interest 60% per month coin able to stake every 5 days , however the whales are staking so much , that even if you have a million coins all in one block it will be ~20 days before you can stake, people with less than a 100,000 per block will find it almost impossible to stake.


 

FYI:
Here is CBX Whitepaper , if you want to study it.
http://cryptobullion.io/white-paper/

FYI2:
No one may have noticed it, but there is a direct financial incentive to DDOS the other CBX wallets when you stake.
If you read their whitepaper, you will notice the interest rate increases when the amount of coins staking decreases,
currently ~250,000 coin staking, meaning the interest is between 7% & 10%.
If Someone Staking was able to DDOS a few of the other wallets and decrease the amount staking to only 100,000 coin,
then the interest rate for anyone still online is 20% instead of below 10%.
So you have a direct financial incentive to DDOS the other wallets.  
PoSP, has a Built in Backstabbing Incentive.

[kiklo]

Looks like CBX team is trying to pump CBX by having it fund an ICO for a project called Quintessence with a 2nd coin called Sparks.
https://bitcointalk.org/index.php?topic=1600250.0

$156,000 pump in the past 12 hours.

Enjoy the Pump, everyone else there is always a dump later , so be careful.


 

I don't know about that. All of the CBX being purchased off of the market is going into ICO lockdown during development. With only 1 million CBX out there, there will be nothing existing to dump.

Be nice if that were true, but odds are someone will hold their coins and dump before the coins are released from ICO lockdown.
Time will tell.  

 

[VonSpass]

Be nice if that were true, but odds are someone will hold their coins and dump before the coins are released from ICO lockdown.
Time will tell.  

 

Nobody is dumping anything. As devs of CBX, of course we have a few CBX locked up in our Vaults - you think dumping will help our individual or collective situation in any possible way?

We spent years refining CBX, adding PoSP to it on time and as promised even after losing our coding dev, then building a strong and talented community. CBX has a rich history why blow it away in a few trades.

When ICO is over and tough objectives are met, if we have succeeded to secure 250k CBX dumping will be the last thing on our minds. We want to build.

[VonSpass]

FYI2:
No one may have noticed it, but there is a direct financial incentive to DDOS the other CBX wallets when you stake.
If you read their whitepaper, you will notice the interest rate increases when the amount of coins staking decreases,
currently ~250,000 coin staking, meaning the interest is between 7% & 10%.
If Someone Staking was able to DDOS a few of the other wallets and decrease the amount staking to only 100,000 coin,
then the interest rate for anyone still online is 20% instead of below 10%.
So you have a direct financial incentive to DDOS the other wallets.  
PoSP, has a Built in Backstabbing Incentive.

You forget CBX's inflation profile is just 2%. So DDOSing all of the live Vaults while you run your own solo will earn you a whopping ... 50 CBX per day!

Also, its pretty easy to switch IP addresses as soon as one realises what is going on.

Not worth DDoSing right now, and when it will be worth it (CBX value is going up), appropriate measures will be taken.

[kiklo]

Not worth DDoSing right now, and when it will be worth it (CBX value is going up), appropriate measures will be taken.

What measures will be taken?
Because this is a big issue for any PoSP implementation, and certain to be executed if the coin has any success.


 

FYI:
DDOS was just 1 vulnerability, another would be if a small group with majority of coins just set their firewalls to block all IPs except the ones in the group.
Plus not every user can switch IPs at will. (Depends on their Service Provider.)

[kiklo]

Be nice if that were true, but odds are someone will hold their coins and dump before the coins are released from ICO lockdown.
Time will tell.  

 

Nobody is dumping anything. As devs of CBX, of course we have a few CBX locked up in our Vaults - you think dumping will help our individual or collective situation in any possible way?

We spent years refining CBX, adding PoSP to it on time and as promised even after losing our coding dev, then building a strong and talented community. CBX has a rich history why blow it away in a few trades.

When ICO is over and tough objectives are met, if we have succeeded to secure 250k CBX dumping will be the last thing on our minds. We want to build.

No offense, but last time I checked to build something , you have to pay for services or materials.
Even if you don't unload the bulk of CBX at once, you will have to unload a little at a time to pay for things.
Cause if you found a way to build without paying anything , please share that little jewel.  

 

FYI2:  Ok, Slow Dump will be in progress for ICO coins  
But that won't include any coins not used in the ICO that someone else holds for the best time to dump, which will be toward the end of the ICO.

Ok let me know if I get this right because this sounds quite interest. I mean you have my attention now I don't think you are fooling around here and I hope you prove us all right.

So this is for developers and it is like a crowd fund for them when we convert the tokens into spark ? How does the developer us the sparks ? How do we get a return on the investment if we exchanging our tokens for spark ?

Cbx is owning on yobit. Damn it doubled.

The CBX contributed to the Quintessence crowdfunding will be sent to a 3 signature CBX address, and will be used slowly in the future for bounties and for paying for development.

When the Spark wallet is up and running, in the ICO site http://cryptotokensico.com/, you will be able to log in and paste your SPK address there to receive your Spark tokens.

Basis price for Spark is 1 CBX per 4000 SPKs - however we will have bonuses like DAY ONE (Monday, September 12th) where you will get 5200 SPK instead of 4000 per CBX contributed.

[spartak_t]

Is STRATIS related with CBX? Btw, the price is still over 3 times higher than the ICO.

P.S. I have the CBX whitepaper, but didn't read it yet.

[elambert]

Is STRATIS related with CBX? Btw, the price is still over 3 times higher than the ICO.

P.S. I have the CBX whitepaper, but didn't read it yet.

STRATIS has no relation to CBX. I do not know what STRATIS is.

Let us know what you think regarding the WP.

[elambert]

Any PoS or PoSP coin that allows coins to stake less than 5 days will favor the whales, since they can stake pretty much all of the time and keep smaller blocks from staking.
Coins that only allow you to stake every 15 or more days, decrease the Whales ability to use Compound Interest to their advantage which gives people with smaller amounts a chance to stake. So the shorter the time frame the more Compound interest you can earn and the Larger the Whales become.

This is not accurate. Lets take a 'whale' with 20k CBX as an example. Yes, they will get the first PoSP block when they stake but then an hour has to go by until their CBX is eligible to stake again (that is 60 blocks for the non-whales). It is not quite the monopoly possibility that you suggest.

[VonSpass]

FYI:
DDOS was just 1 vulnerability, another would be if a small group with majority of coins just set their firewalls to block all IPs except the ones in the group.
Plus not every user can switch IPs at will. (Depends on their Service Provider.)

DDoS is a very nasty and serious offence. People go to jail for that - and if I was victim of one for sure I would report it to the authorities; US and other countries governments take these things seriously!

If someone is going to DDoS any PoS coin - it better yield much more than 50$ - 5000$ or it's not worth risking going to jail for such small amounts.