Historic Cryptogenic Bullion thread

Quote from: elambert on June 28, 2013, 01:22:13 AM

   The crypto market has been flooded of late by numerous clone currencies seemingly designed for a quick pump and dump to make the creators, early miners and early traders a quick profit at the expense of the long term investors. I myself have seen both sides of this experience – the highs of turning a fast profit from day trading in new releases and the lows from being left holding the bag on coins that have been dumped and abandoned.
   To cater to the long term investors that believe in crypto-currencies as the future but do not have the time or energy to watch the market rollercoaster 24/7 with the hope of buying and selling at the right time, or for the day traders who want to lock away a portion of their portfolio for the future; I have created the first crypto-currency specifically designed for safety, stability and holding for the long term – Cryptogenic Bullion (CGB). Borrowed from the concept of cryogenic storage and blended with the form taken by bulk precious metals prior to coining, this asset is intended for acquiring and locking away in cold storage. With a total cap at 1 million CGB (4.76% of the 21 million coin cap on Bitcoins) to be generated over the next 10 years, each CGB has the potential valuation of greater than 20 Bitcoins – not to mention the avoidance of the stigma absorbed by the groundbreaking digital currency with the target on its back. That is a potential starting valuation of $2,000 per CGB at the current Bitcoin price. Granted it has taken Bitcoin time to mature to this level, CGB too will take time to mature in value. Get in on the ground floor and lock them away in cold storage for the future.
   I am truly excited to bring this concept to fruition and to share it with my fellow crypto-revolutionaries. In understanding that we are stronger in unison than as individuals, I encourage and appreciate all who are interested in joining the promotion, mining and/or developmental teams. Your mining, support and ideas are welcome and will be rewarded.
   In full disclosure, [.94%] of Cryptogenic Bullion has been pre-mined to be used for establishing and maintaining the asset’s relevance thru bounties to be offered to miners, promoters and developers. Many tend to immediately write off a currency that has been pre-mined and I understand this argument. However, I argue that a currency that has been respectfully pre-mined encourages the development team to stay involved due to their stake in the investment as well as offers the development team some leverage necessary to promote and engage productive collaboration. I will keep the ledger for the pre-minded CGB posted as a public ledger for all to see https://bitcointalk.org/index.php?topic=246300.0. The remaining 99%+ of CGB will be mined over the next 10 years in an equal and fair distribution.
The algorithm is Proof of Work with Proof of Stake for resistance to 51% attacks. 10 CGB are awarded for each block mined with a difficulty adjustment after every 2 blocks. Mine them, buy them and trade for them - then deep freeze them! I hope to have your support and collaboration to insure this long term investment for all adaptors. More to come…

Specs:
•   Proof of Work/Proof of Stake Hybrid
•   Scrypt
•   Linear Difficulty Retarget (2 block retarget)
•   5 Confirms
•   10 Bullions per Block
•   Maximum of 1,000,000 Bullions
•   Default P2P Port: 7695
•   Default RPC Port: 8395

Source:
https://github.com/cryptogenicbonds/CGB

Windows Client:
https://docs.google.com/file/d/0B49exKIsGBn5d0dRWllvbEtTX2M/edit?usp=sharing

Block Explorer:
http://cgb.webboise.com:2770

Mac Wallet:
https://www.dropbox.com/s/5fqj7579u6vsqyu/CryptogenicBullion-Qt-0.3.666-Mac.zip

OP any additional info on your coin? pools? anything in the works?