Historic Cryptogenic Bullion thread - CLOSED

[rampalija]

We're reaching new price low..
When is the next block halving?

as i heard 10 days or less

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[Majormax]

The CGB price has been very low lately, is that only due to high Bitcoin price, because it seems a lot lower that that raise in Bitcoin price should have brought on.

The low price is due IMO to insufficient holders willing to buy more. A very wide adoption is essential : the current larger holders need to be willing to spread the units around to new adopters with the incentive to buy and market more.

The price could fall to a level where a new large buyer is interested, but only if enough stake is available.

This is a confusing statement, or it's worded confusingly.  The price is lower and there for the taking in the open market.  So you want current holders to sell their stake rewards to push down the price further?  PoW mints about 1600 CGB per day and it'll get cut in half in about ten days, minting about 24k the following 30 days.  Plus, any spike in BTC (or even LTC) will have a negative effect on the rate.  And as I said before, this isn't a sprint, it's a marathon.

I mine CGB with about 6mh currently and I'll send coins to my cryptsy account on autosell instead of to my personal wallet if you seriously think that'll help for the long-term, although it'll be seriously painful to do it.  If your point is that it's difficult for people to build stake because of the thin sell side then I suppose this will help.  Let me know your thoughts on this...

Perhaps confidence in CGB has been shaken given BTC's rise and many people are waiting for some results from devs before they exchange their BTC for CGB.  Well, in that case, I don't blame them and I'm working on it.  But I won't rush results either because the exchange rate is depressed--the rate will take care of itself in due time.

And the longer the rate is depressed the better it is for the long-term, which is consistent with (at least) the sentiment of your post.

But if I were a betting man, I'd bet it won't stay depressed for too long...

The thin sell side is only a problem if there is a potential dynamic buyer (new blood, strong hands) who wishes to acquire a significant stake.  My point is that more distribution ( simply more different holders) will help. I would think autosell is not going to help either distribution or big stakeholders.

You are doing a good job as dev (and whatever other hats you are wearing): I think you need more clones of yourself !

In due course, fresh news and publicised projects will inspire some new investment.

My point about larger stakes is that these are most effective if targeted in private placement to someone who has the power to further the project , and not just to speculate on the price, which tends to happen in exchange trading.

[Lauda]

Yes some news would definitely do us good.

[miffman]

how much CB would you need to hold to be considered as a stake holder?

like 10000? I'm pretty sure there aren't many new people that have that much CB. Even some of the early adopters don't have that much

[rampalija]

how much CB would you need to hold to be considered as a stake holder?

like 10000? I'm pretty sure there aren't many new people that have that much CB. Even some of the early adopters don't have that much

soon i will have

[FiniteByDesign]

Thought I would stop by and share some good news with the CGB community:

New line of black CGB shirts will be in-stock in less than 1 week and the physical CGB bars made of .999 fine silver will be in-stock in 2-3 weeks (the security hologram stickers just came in) 

[Lauda]

how much CB would you need to hold to be considered as a stake holder?

like 10000? I'm pretty sure there aren't many new people that have that much CB. Even some of the early adopters don't have that much

that's 1% of the projected supply for 2013.
So I think the answer is yes.

[rampalija]

I like you shirts and i think whote one is better. LOGO of CGB is the best

[Timelord2067]

Thought I would stop by and share some good news with the CGB community:

New line of black CGB shirts will be in-stock in less than 1 week and the physical CGB bars made of .999 fine silver will be in-stock in 2-3 weeks (the security hologram stickers just came in) 

I like the idea of a One Ounce bar of silver - I would have *really* loved to have seen a silver bar version of the splash screen image with notches taken out the side - Like a tangible cyber 'key' for the digital age.

how much CB would you need to hold to be considered as a stake holder?

like 10000? I'm pretty sure there aren't many new people that have that much CB. Even some of the early adopters don't have that much

Would 1% of 1% be considered a minor (non pun intended) stake holder? (that's 100 CGB BTW) - Just to put it into perspective 1% of 1% of all the BitCoins (some 12Milion) would be 1,200 BTC or some $300,000 - give or take)

[Lauda]

how much CB would you need to hold to be considered as a stake holder?

like 10000? I'm pretty sure there aren't many new people that have that much CB. Even some of the early adopters don't have that much

Would 1% of 1% be considered a minor (non pun intended) stake holder? (that's 100 CGB BTW) - Just to put it into perspective 1% of 1% of all the BitCoins (some 12Milion) would be 1,200 BTC or some $300,000 - give or take)

How is 1% = 100 CGB? lol
Total projected supply for 2013 = 1 000 000
in which case 1% would be 10 000, i.e. a stake holder.

[FiniteByDesign]

I think he meant 1% of 1%

Btw, black CGB shirts will be in Wednesday so orders are being accepted now via my website.

[mercSuey]

Hello all,

Updated client (v1.1.6.4) with updated checkpoint, as well as transaction message truncation integrated from bitcoin code that the bitcoin devs implemented a couple months ago as a anti-ddos/less-block-bloat fix.  Let me know if any issues arise.  Mac build within 48 hours.

Since there's an updated checkpoint, I suggest deleting everything in your data folder EXCEPT your wallet.dat and CryptogenicBullion.conf files.  REPEAT:  Do not touch the wallet.dat file, or else you'll lose your coins (unless you have a backup!).  So, if you don't have a backup of your wallet.dat file, then please do it now.  Make a copy and put it in a flash drive for safe keeping.  When you run the new client, you'll see the blockchain downloading from the beginning and your balance will be unconfirmed/wrong.  Don't be alarmed, the value will be correct and confirmed once the complete blockchain has been downloaded.

Download links below.  I started a new github but the old github has been updated.  Please use the new github as the old one will be phased out.

Source (github):

https://github.com/MercStills/CryptogenicBullion



Windows (Installer):

https://drive.google.com/file/d/0B7K8VdCHpm-pQXBJS1NZR3E5a2c/edit?usp=sharing


Windows (Qt/daemon only):

https://drive.google.com/file/d/0B7K8VdCHpm-pdll5QzExMGhkWFU/edit?usp=sharing


Linux (32 bit):

https://drive.google.com/file/d/0B7K8VdCHpm-pUk1FYmY2THQzemc/edit?usp=sharing


Linux (64 bit):

https://drive.google.com/file/d/0B7K8VdCHpm-pU1Zlc01YNC1HMHc/edit?usp=sharing


--------

Quick marketing update.  I've temporarily scaled back the marketing budget as I continue to develop and prepare for major projects; this includes trying to increase CB's reach into China.  There will be a new strategy implemented with a new (increased) budget soon.  Below are screen shots of the stats for the month of October for our Google Adwords and Facebook marketing campaigns.  

Remark:  It's pretty awesome how many emails I get from people asking about bitcoin or litecoin or peercoin.  It's difficult for me to quantify how much my marketing budget has resulted in introducing crypto currencies to people for the first time.  If CB helps to spread the word of this amazing movement, then that's great!  And to put things into perspective, if the industry grows to $10 billion in the next couple years and if CB can end up representing 0.1% of the market, then that would equate to CB having a $10 million market cap--CB's current market cap is about $248K.  These are exciting times indeed!  

Facebook:



Google Adwords:





Don't forget, the mining subsidy halves in less than a week to 0.6125 (at block 195001).

I'll hopefully have more info about the project releases and marketing budget updates in the not too distant future, but unfortunately I'll have to be cliche and say, stay tuned...


Cheers.

-Merc


Visit our website for more info:  http://cryptogenicbullion.org

Like us on Facebook:  https://www.facebook.com/pages/Cryptogenic-Bullion/134177020124803

Follow us on Twitter:  @CryptogenicBull

[elambert]

Great job Merc!

[mercSuey]

The block explorer will be down while I update the daemon...

[elambert]

The block explorer will be down while I update the daemon...

Back up, thanks Merc

Edit: FYI - blockchain is downloading and block explorer will resume updating once complete.

[mercSuey]

The block explorer will be down while I update the daemon...

Back up, thanks Merc

Edit: FYI - blockchain is downloading and block explorer will resume updating once complete.

Block explorer is back up.

[pmconrad]

Updated my builds for debian + openSUSE:
https://build.opensuse.org/package/show/home:p_conrad:coins/cryptogenicbullion

[mercSuey]

Updated my builds for debian + openSUSE:
https://build.opensuse.org/package/show/home:p_conrad:coins/cryptogenicbullion

Thanks!

[sheinsha]

cgb.minar.cc pool updated to latest client version!

[elambert]

cgb.minar.cc pool updated to latest client version!

Thank you!