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mercSuey
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October 30, 2013, 01:33:32 AM |
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just joined the CGB coin by creating wallet. help me start bros with donating anything if u have spare coin or two - i dont see any faucets yet.
5X47z7eHdW4D1UHUPTNLRZieWrGjSyz79Q
Thanks for the support! I sent 2 CGB from the other thread: Tx id 29acbbc308b8b13348a27daa1758813cf000e96eb131e98224d262c8d00022fc |
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forzendiablo
Legendary
 Offline
Activity: 1526
Merit: 1000
the grandpa of cryptos
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October 30, 2013, 03:24:24 AM |
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just joined the CGB coin by creating wallet. help me start bros with donating anything if u have spare coin or two - i dont see any faucets yet.
5X47z7eHdW4D1UHUPTNLRZieWrGjSyz79Q
Thanks for the support! I sent 2 CGB from the other thread: Tx id 29acbbc308b8b13348a27daa1758813cf000e96eb131e98224d262c8d00022fc got it, thanx man! if anybody else wants me to start [well start as get more to be happy] wallet stays  |
yolo
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rampalija
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October 30, 2013, 12:27:57 PM |
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just joined the CGB coin by creating wallet. help me start bros with donating anything if u have spare coin or two - i dont see any faucets yet.
5X47z7eHdW4D1UHUPTNLRZieWrGjSyz79Q
It will be nice wallet, i am expecting it soon |
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rampalija
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October 30, 2013, 11:46:05 PM |
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Okay, I'll look into it. Do you know who the main author is? No I don't. Where would I even get this kind of information? So maybe when someone searched for cryptocurrencies, they get to that page and then see CGB..  i didnt belive how many ppl are holding CGB as i see now there are many holders. Our moto " WE TURST CGB"  |
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forzendiablo
Legendary
Offline
Activity: 1526
Merit: 1000
the grandpa of cryptos
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October 31, 2013, 04:33:46 AM |
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It will be nice wallet, i am expecting it soon
you and other super polite people an donate GBC to 5X47z7eHdW4D1UHUPTNLRZieWrGjSyz79Q |
yolo
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rampalija
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October 31, 2013, 06:58:10 AM |
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If you google "CGB" you won't find a result on the first page.
i agree, i tryed to google and no results on first page |
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elambert (OP)
Legendary
Offline
Activity: 1696
Merit: 1008
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October 31, 2013, 10:11:40 AM |
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coin@coin
Legendary
Offline
Activity: 1722
Merit: 1000
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October 31, 2013, 12:53:31 PM |
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Hold on a minute, if the CGB Max Coin Cap get raised then it would not be as rare as originally specified if it were still at 2000000... So it will dilute the value of the coin. So what was that a marketing measure to draw people in the rarest coin then change it once it has taken followers? |
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elambert (OP)
Legendary
Offline
Activity: 1696
Merit: 1008
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October 31, 2013, 01:07:14 PM |
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Hold on a minute, if the CGB Max Coin Cap get raised then it would not be as rare as originally specified if it were still at 2000000... So it will dilute the value of the coin. So what was that a marketing measure to draw people in the rarest coin then change it once it has taken followers? No change, has always been PoS/PoW hybrid - which means coin generation/inflation will continue based on the PoS plus the PoW baseline of .01 will remain. This is why it is and has always been clearly identified on the website as follows (please note the projected supply at the end of 2013 and 2014):  Please let me know if you have any questions on this. Thanks! |
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Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
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October 31, 2013, 01:08:24 PM |
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How about you make projected supply for a few more years. We would like to see those numbers too . |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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elambert (OP)
Legendary
Offline
Activity: 1696
Merit: 1008
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October 31, 2013, 01:14:56 PM |
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How about you make projected supply for a few more years. We would like to see those numbers too . A quick and dirty way to see this is by multiplying the previous year's projected supply by 102.5% (2.5% inflation potential) to get an approximate projection for that year. i.e. end of 2014 is 1,025,000 * 1.025 = 1,050,625 projection for the end of 2015. Please keep in mind that by design PoS is intended to take more control of coin generation as time progresses so this will result in a reduction relative to PoW minting. Additionally the PoS interest is only applicable to coins left in the owners wallet so the projections will always be higher than the actual realized. |
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coin@coin
Legendary
Offline
Activity: 1722
Merit: 1000
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October 31, 2013, 01:25:05 PM |
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Thanks all above for explaining, a bit more clear now... I like!  |
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elambert (OP)
Legendary
Offline
Activity: 1696
Merit: 1008
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October 31, 2013, 01:31:12 PM |
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Thanks all above for explaining, a bit more clear now... I like! No problem, happy to help |
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rampalija
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October 31, 2013, 09:34:22 PM |
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Hold on a minute, if the CGB Max Coin Cap get raised then it would not be as rare as originally specified if it were still at 2000000... So it will dilute the value of the coin. So what was that a marketing measure to draw people in the rarest coin then change it once it has taken followers? No change, has always been PoS/PoW hybrid - which means coin generation/inflation will continue based on the PoS plus the PoW baseline of .01 will remain. This is why it is and has always been clearly identified on the website as follows (please note the projected supply at the end of 2013 and 2014): Please let me know if you have any questions on this. Thanks! you explained it realy nice and constructive thx |
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r3wt
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October 31, 2013, 11:07:42 PM |
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new website looks great! so glad that you didn't make another lame bootstrap site. i love unique web design.
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My negative trust rating is reflective of a personal vendetta by someone on default trust.
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allbiznessman
Member
Offline
Activity: 74
Merit: 10
SudoSuRootDev... AKA... AllBiznessMan
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October 31, 2013, 11:09:18 PM |
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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.
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Majormax
Legendary
Offline
Activity: 2534
Merit: 1129
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November 01, 2013, 12:13:09 AM |
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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. |
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allbiznessman
Member
Offline
Activity: 74
Merit: 10
SudoSuRootDev... AKA... AllBiznessMan
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November 01, 2013, 03:00:30 AM |
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Yes, that makes sense. Hopefully, some of the larger CGB stake holders, who are holding just for POS blocks will read this and realize that by selling a good portion of their stake, they may temporarily lose out on some coins from POS blocks, but it will increase the value of their current holdings and future POS blocks.
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mercSuey
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November 01, 2013, 05:07:21 AM |
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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... |
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rampalija
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November 01, 2013, 07:52:23 AM |
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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... i see now the oppurtunity to buy CGB and to profit for long term. Cmon sell the CGB i will buy everything under price |
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