Digicoiner
Sr. Member
 Offline
Activity: 310
Merit: 250
In Crypto I trust.
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February 09, 2014, 06:29:29 AM |
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I am getting a "Checkpoint too old / notify dev" message but with 8 active connections.
Current blocks:323660
Estimated total blocks: 323654
Client version: v1.1.6.4-gdf9d55a-cgb
Do I need to add some newer nodes? Thanks for any help.
Please download the newest version of the client with updated checkpoint (1.1.6.5): https://cryptogenicbullion.org/#downloadI've upgraded to 1.1.6.5 using the installer but still getting the checkpoint too old error. How can I fix this? Please follow instruction here. Instructions where? I don't see any. |
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elambert (OP)
Legendary
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Activity: 1696
Merit: 1008
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February 09, 2014, 06:47:32 AM |
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patmast3r
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February 09, 2014, 08:23:36 AM |
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Do I understand this correctly that 90 % of all CGBs are already mined ? So "in 10%" all that's left is POS and Interest...that's pretty cool !
You know what this would be a great opportunity to get some clarity perhaps from MercSuey. The precise details are not critical at this point but I will explain it as I understand it and perhaps someone can correct me. The PoW mining rewards for CGB amount to a total deployment of 1'000'000 CGB. I am not sure if PoS minting is factored into this target, but once the PoW mining has hit its final target of 1'000'000 CGB, the protocol will allow a maximum indefinite inflation rate of %2.00/year assuming all wallet holders are saving for 90 days and minting (not likely), while miners are picking up the %0.5 reward which is given out thereafter. The key point to remember is that this inflation rate is modelled after the gold supply. Like the historical gold supply, it does not hit a limit and stop which would potentially cause unstable deflation and encourage hording. Are you saying the mining will continue after 1 000 000 CGB have been created and the miners will be rewarded with .5% of all the interests ? According to the announcement: • 1.5% Annual PoS Interest • Subsidy halving after every 50k blocks until reward of 0.01 is reached were it will remain in perpetuity • ~1,000,000 Cryptogenic Bullion cap with 0.5% annual PoW inflation This could be interpreted that there is a hard cap but the wording strongly suggests by "cap with 0.5% annual PoW inflation" and "[reward]... will remain in perpetuity" that the 1'000'000 CGB is just a mining target for last non-0.01 reward. From then on a steady rate of at most 2.00% per year increase in the monetary base occurs. In fact the miners will receive at least 25% of all reward, while prudent savers will receive at most 75% of total newly mined/minted CGB. Yes, as psd pointed out, PoW mining will continue forever at a rate of .01 CGB per block (once this baseline reward is reached). Do you think people will really keep mining for that kind of CGB ? How do you feel about implementing a system similar to NXTs where ther is absolutely no POW needed anymore ? Don't mean to criticize - just thinking out loud here  |
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papersheepdog
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February 09, 2014, 09:35:42 AM
Last edit: February 09, 2014, 06:26:54 PM by papersheepdog |
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dadon
Legendary
Offline
Activity: 1190
Merit: 1002
Pecvniate obedivnt omnia.
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February 09, 2014, 11:14:48 AM |
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Do I understand this correctly that 90 % of all CGBs are already mined ? So "in 10%" all that's left is POS and Interest...that's pretty cool !
You know what this would be a great opportunity to get some clarity perhaps from MercSuey. The precise details are not critical at this point but I will explain it as I understand it and perhaps someone can correct me. The PoW mining rewards for CGB amount to a total deployment of 1'000'000 CGB. I am not sure if PoS minting is factored into this target, but once the PoW mining has hit its final target of 1'000'000 CGB, the protocol will allow a maximum indefinite inflation rate of %2.00/year assuming all wallet holders are saving for 90 days and minting (not likely), while miners are picking up the %0.5 reward which is given out thereafter. The key point to remember is that this inflation rate is modelled after the gold supply. Like the historical gold supply, it does not hit a limit and stop which would potentially cause unstable deflation and encourage hording. Are you saying the mining will continue after 1 000 000 CGB have been created and the miners will be rewarded with .5% of all the interests ? According to the announcement: • 1.5% Annual PoS Interest • Subsidy halving after every 50k blocks until reward of 0.01 is reached were it will remain in perpetuity • ~1,000,000 Cryptogenic Bullion cap with 0.5% annual PoW inflation This could be interpreted that there is a hard cap but the wording strongly suggests by "cap with 0.5% annual PoW inflation" and "[reward]... will remain in perpetuity" that the 1'000'000 CGB is just a mining target for last non-0.01 reward. From then on a steady rate of at most 2.00% per year increase in the monetary base occurs. In fact the miners will receive at least 25% of all reward, while prudent savers will receive at most 75% of total newly mined/minted CGB. Yes, as psd pointed out, PoW mining will continue forever at a rate of .01 CGB per block (once this baseline reward is reached). Do you think people will really keep mining for that kind of CGB ? How do you feel about implementing a system similar to NXTs where ther is absolutely no POW needed anymore ? Don't mean to criticize - just thinking out loud here if it's worth enough they will ,the market cap don't need to be very big to get too 100-1000 per CGB, then ofc people will mine it. |
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dadon
Legendary
Offline
Activity: 1190
Merit: 1002
Pecvniate obedivnt omnia.
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February 09, 2014, 11:15:32 AM |
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nice work as usual  |
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Ethapus
Member
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Activity: 64
Merit: 10
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February 09, 2014, 02:45:13 PM
Last edit: February 09, 2014, 03:21:05 PM by Ethapus |
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Yup, dug out my long forgotten and dusted reddit account just for that Edit: As you can see I really like your "Got Crypto?" catchphrase  |
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x0rcist
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February 09, 2014, 03:07:53 PM |
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Great work papersheepdog update on the paper wallet: got the website/code running so expect it to go live in the next few days after some interface changes to give it that bullion feeling. ps. can any of the dev contact http://blockr.io/addcoin to add cgb to their blockexplorer? i guess this willbe a nice extra boost |
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artiface
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February 09, 2014, 04:12:19 PM |
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Do you think people will really keep mining for that kind of CGB ? How do you feel about implementing a system similar to NXTs where ther is absolutely no POW needed anymore ? Don't mean to criticize - just thinking out loud here At that phase PoW not really required. PoS secures the network. So yes it is like NXT, who created a PoS only coin that skipped the PoW phase (and in my opinion created an unfair initial distribution). |
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papersheepdog
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February 09, 2014, 05:01:21 PM |
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nice work as usual Thanks! Yup, dug out my long forgotten and dusted reddit account just for that Edit: As you can see I really like your "Got Crypto?" catchphrase I love it! That's a perfect spot for it Great work papersheepdog update on the paper wallet: got the website/code running so expect it to go live in the next few days after some interface changes to give it that bullion feeling. ps. can any of the dev contact http://blockr.io/addcoin to add cgb to their blockexplorer? i guess this willbe a nice extra boost Thank you! I added a link for coinplorer https://coinplorer.com/CGB. I am not sure if its working properly right now. I also added your suggestion to the community development section. Couldn't hurt to have more than one! If anyone knows of any other block explorer sites that support CGB or any which can be contacted to request CGB let us know. Actually, if there are any resources that I missed please let me know! I'm new here HEHE. |
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elambert (OP)
Legendary
Offline
Activity: 1696
Merit: 1008
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February 09, 2014, 06:49:03 PM |
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I am getting a "Checkpoint too old / notify dev" message but with 8 active connections.
Current blocks:323660
Estimated total blocks: 323654
Client version: v1.1.6.4-gdf9d55a-cgb
Do I need to add some newer nodes? Thanks for any help.
Please download the newest version of the client with updated checkpoint (1.1.6.5): https://cryptogenicbullion.org/#downloadI've upgraded to 1.1.6.5 using the installer but still getting the checkpoint too old error. How can I fix this? Please follow instruction here. Instructions where? I don't see any. Did you get your issue resolved? |
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BitcoinFX
Legendary
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Activity: 2646
Merit: 1720
https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF
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February 09, 2014, 09:52:18 PM |
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Bit of a delay in the final production, but here is the retail version of the Premiere Edition 1gm Sterling Silver CGB Card.  Shiny !  The first ebay auction has been delayed, but will be active in the next day or so, featuring one of FiniteByDesign's pre-loaded hologram cards with one GCB. I'm still waiting on delivery of the gold sheet to start production on those. ebay link coming soon ! Its taken me a while to get this 1st set listed on ebay: 10 day auction - See: http://www.ebay.com/itm/111276338299 - Cryptogenic Bullion Card pre-loaded with 10.1 CGB and 1gm Sterling Silver Card Coins & Paper Money > Bullion > Other |
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mercSuey
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February 09, 2014, 11:12:08 PM |
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Bit of a delay in the final production, but here is the retail version of the Premiere Edition 1gm Sterling Silver CGB Card. Shiny ! The first ebay auction has been delayed, but will be active in the next day or so, featuring one of FiniteByDesign's pre-loaded hologram cards with one GCB. I'm still waiting on delivery of the gold sheet to start production on those. ebay link coming soon ! Its taken me a while to get this 1st set listed on ebay: 10 day auction - See: http://www.ebay.com/itm/111276338299 - Cryptogenic Bullion Card pre-loaded with 10.1 CGB and 1gm Sterling Silver Card Coins & Paper Money > Bullion > Other Congrats! I had to bid on it. |
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mercSuey
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February 09, 2014, 11:13:19 PM |
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Thanks, mate. I know elambert has been staying in touch with you via email, so do please let us know if we can help. |
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mercSuey
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February 09, 2014, 11:16:49 PM |
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I have had a paperwallet submission and it'll be a nice addition to existing paperwallet services, like by FiniteByDesign.net.
I'm testing it out and so far all seems well. My sincere thanks to x0rcist.
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x0rcist
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February 09, 2014, 11:18:20 PM |
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Paper wallet is online! Expect some additions in the next days. https://cgbaddress.org/Todo:- Banner graphic - Code cleanup & Github Submission - Add offline version - Minor tweaks and fixes Feedback is welcome!! Also additional testing on generated keys by the community is advised before green light is given for daily usage. ps. like mentioned above please wait with generating real wallets till offline version is uploaded and code is checked by one of the devs. |
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papersheepdog
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February 09, 2014, 11:31:27 PM |
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Thanks, mate. I know elambert has been staying in touch with you via email, so do please let us know if we can help. No problem!! It's great that I am seeing so much support from this community. I am sure we will find some really great ways to put our collective minds together! |
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papersheepdog
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February 09, 2014, 11:34:38 PM |
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Paper wallet is online! Expect some additions in the next days. https://cgbaddress.org/Todo:- Banner graphic - Code cleanup & Github Submission - Add offline version - Minor tweaks and fixes Feedback is welcome!! Also additional testing on generated keys by the community is advised before green light is given for daily usage. ps. like mentioned above please wait with generating real wallets till offline version is uploaded and code is checked by one of the devs.Looks great!!!!!!!! I will wait to post it to the community development document until we get the green light on the above mentioned  . |
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BitcoinFX
Legendary
Offline
Activity: 2646
Merit: 1720
https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF
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February 10, 2014, 12:02:09 AM |
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I've started sending some auto hits traffic to the cryptogenicbullion.org website to increase its page rank.
Over 1,000+ extra hits per. day (unique IP's) and over 10,000+ a week actually.
Please add the following meta tags to the existing and/or new homepage:
<meta name="robots" content="index, follow" />
<meta name="language" content="english" />
<meta name="distribution" content="global" />
<meta name="rating" content="general" />
<meta name="revisit-after" content="7 days" />
Remembering to add in the additional languages with comma space etc.
This will help my next robots / search engine submission and again increases page rank over time.
Cheers!
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