Historic Cryptogenic Bullion thread - CLOSED

[Lauda]

Agreed.  The extreme price volatility from the speculators can do some damage to the coin as a 'currency', even if it's strictly psycholgical.  But it's difficult to combat the open market.

As for revamping the wallet, as mentioned on my dev blog, I'm already working on version 2.0.  Hint: metallic silver .

Metallic silver is much more better than red.
One of the problem is: we aren't accepted on http://www.btc38.com/
I wonder why that is though? How do we push CGB to their exchange?

[mercSuey]

Agreed.  The extreme price volatility from the speculators can do some damage to the coin as a 'currency', even if it's strictly psycholgical.  But it's difficult to combat the open market.

As for revamping the wallet, as mentioned on my dev blog, I'm already working on version 2.0.  Hint: metallic silver .

Metallic silver is much more better than red.
One of the problem is: we aren't accepted on http://www.btc38.com/
I wonder why that is though? How do we push CGB to their exchange?

These exchanges will want a large stake in a coin before they offer it for trading so they get some benefit as well.  And I don't think there's anything wrong with that.  That's what I meant when I said in a few posts above that fortunately or unfortunately (depending on your perspective) this is how the world works, we just need to be patient and allow for people to build their stake.  If you recall when Primecoin was added to BTC-e, it was added immediately after it had dipped to near its low of .002.  And that's because BTC-e was loading up on it on the way down, I think.  So when it was released for trading, they were able to cash out for a nice profit.  And that's fine.  They're in a position of advantage and they can do such things.

We just need to be patient and allow for new stake holders to build stake.  It's not easy, given CB's rarity. 

[space_invader]

I wonder why that is though? How do we push CGB to their exchange?

maybe it shouldn't be that difficult, they have already a placeholder for CGB, see fourth row from the top:

http://www.btc38.com/altcoin/

[elambert]

I wonder why that is though? How do we push CGB to their exchange?

maybe it shouldn't be that difficult, they have already a placeholder for CGB, see fourth row from the top:

http://www.btc38.com/altcoin/

Good ole' Recessive Bullion! Guess Cryptogenic doesn't quite translate.

[Lauda]

寻找一个家在中国

What does this mean?

[rampalija]

Speaking of translations...

I have someone putting together the html files for the Dutch, Turkish, German, Swedish, Spanish, French, and Italian translations of the CB website.  They should be going live within 24 hours.

U need Balkan region, as i said i can help u with that

[elambert]

寻找一个家在中国

What does this mean?

Try Google translate 

[FiniteByDesign]

Physical Cryptogenic Bullion bars made of 1 troy ounce fine silver will be in on Friday and begin shipping on Saturday! If you have one reserved, please reach out to me to arrange payment so I can ship your order on Saturday. 15 are sold so far and 35 remain available from the inaugural batch.

http://www.finitebydesign.com/apps/webstore/

[elambert]

CB projection/goal for 2013 re-target. I have said since July that my personal goal for CB was 1 CB > 1 LTC by the end of the year (please note that the cost of 1 CB has surpassed the cost of 1 LTC's value at the time of the projection but LTC has increased exponentially as well so technically the goal has not been met). The way crypto's have taken off recently, I thought I would adjust this projection slightly. Although 1 CB > 1 LTC is still a living goal for the year I foresee a smaller goal to be more likely. I would like to go on record predicting CB's market cap to reach $10 million USD by the end of the year. Yes, that means 1 CB > $10 in the next month. Here are my reasons:

1. Bitcoin boom opening the door for crypto exposure
2. MADEsparq
3. Closing of MCX combined with Cryptsy's facelift bringing in exponential investors/capital to primary trading platform for CB
4. Prospect of getting added to BTC38 where exposure to the Chinese investors will occur
5. Continued advertising and community growth and involvement

Again, these are merely my personal goals for CB which I feel are very reachable.

[Mjbmonetarymetals]

Come on $10 in a month, the way things are going $20 within a week is possible. 

[miffman]

What are the odds of us hitting BTC38?

[Lauda]

Try Google translate 

Oh I see, nice.

There is a wall blocking the price right on on cryptsy. We definitely need another exchange.

[elambert]

Try Google translate 

Oh I see, nice.

There is a wall blocking the price right on on cryptsy. We definitely need another exchange.

1 man's wall is another man's opportunity. Have no fear, there will be many walls along the way and each one will bring in new investors.

[Dragooon]

CB projection/goal for 2013 re-target. I have said since July that my personal goal for CB was 1 CB > 1 LTC by the end of the year (please note that the cost of 1 CB has surpassed the cost of 1 LTC's value at the time of the projection but LTC has increased exponentially as well so technically the goal has not been met). The way crypto's have taken off recently, I thought I would adjust this projection slightly. Although 1 CB > 1 LTC is still a living goal for the year I foresee a smaller goal to be more likely. I would like to go on record predicting CB's market cap to reach $10 million USD by the end of the year. Yes, that means 1 CB > $10 in the next month. Here are my reasons:

1. Bitcoin boom opening the door for crypto exposure
2. MADEsparq
3. Closing of MCX combined with Cryptsy's facelift bringing in exponential investors/capital to primary trading platform for CB
4. Prospect of getting added to BTC38 where exposure to the Chinese investors will occur
5. Continued advertising and community growth and involvement

Again, these are merely my personal goals for CB which I feel are very reachable.

This would certainly be awesome, all power to you!

[Lauda]

1 man's wall is another man's opportunity. Have no fear, there will be many walls along the way and each one will bring in new investors.

There is no fear, the wall is just quite big, 1% of total supply I believe, give or take. Anyhow CGB took the lead and risen among the first, but now others are catching up and almost overtaking us.
It's not getting enough exposure.

[elambert]

1 man's wall is another man's opportunity. Have no fear, there will be many walls along the way and each one will bring in new investors.

There is no fear, the wall is just quite big, 1% of total supply I believe, give or take. Anyhow CGB took the lead and risen among the first, but now others are catching up and almost overtaking us.
It's not getting enough exposure.

If it is real I put it in the same class as the 6500 btc wall I saw a couple weeks ago on Gox at $260. Seemed like a good idea at the time but in hindsight...

[Lauda]

If it is real I put it in the same class as the 6500 btc wall I saw a couple weeks ago on Gox at $260. Seemed like a good idea at the time but in hindsight...

It has been moved up and down over time.
0.00321212   9833.99139241   31.58796043
That was copied from cryptsy a few minutes ago.

[FiniteRed]

CGB is amazingly undervalued right now (considering there are only ~1,000000 of the damn things) What with alt-mania in full swing I cant believe its still only sitting at ~£2.50

[elambert]

CGB is amazingly undervalued right now (considering there are only ~1,000000 of the damn things) What with alt-mania in full swing I cant believe its still only sitting at ~£2.50

Very true. Good luck accumulating thru mining at this point too. Find a sucker with a wall and get your fill.

[Lauda]

CGB is amazingly undervalued right now (considering there are only ~1,000000 of the damn things) What with alt-mania in full swing I cant believe its still only sitting at ~£2.50

You mean $2.50. Anyhow, you're correct.
If you look at NVC which is at ~50% of CGB supply, it is valued at ~ 23$. We should be able to hit 5$ as a minimum (as NVC is somewhat established).