Historic Cryptogenic Bullion thread - CLOSED

[Boxxl]

I voted

[mvdheuvel1983]

I voted

So did I

[110110101]

Still far to go, but I voted for CGB as well. We'll just have to wait and see which coins claim the spots available on bter. 

[Ethapus]

Great going everyone, keep up the good work! We can only do our best. It is a war out there, we cannot win every battle, but we can sure as hell try! Remember that our community, though growing steadily, is still quite small in comparison to many other "coins of the day". Still, by fighting like true Spartans we are more than holding our ground! Leonidas would be proud! 

Check this list on Reddit if you like, to make sure you are not leaving out any important opportunities

http://www.reddit.com/r/CryptogenicBullion/comments/1z79mz/current_cgb_support_opportunities_help_needed/

[BTCat]

So what else needs to be done. Any great ideas around?

I would love to see CGB be implemented in more systems.

For example

- A Dragon's Tale with CGB's, the maindude only wants to run it with BTC's I think.
(http://www.dragons.tl/) DON"T LOSE YOUR BTC THERE, it's purely gambling.
- An Open Sim server hosting pay2play games.
Like SecondLife: http://opensimulator.org/wiki/Main_Page

[Killiz]

So what else needs to be done. Any great ideas around?

I would love to see CGB be implemented in more systems.

For example

- A Dragon's Tale with CGB's, the maindude only wants to run it with BTC's I think.
(http://www.dragons.tl/) DON"T LOSE YOUR BTC THERE, it's purely gambling.
- An Open Sim server hosting pay2play games.
Like SecondLife: http://opensimulator.org/wiki/Main_Page

Would be great to have a game with crypto's properly implemented into it.
Bitcoin would be the gold, litecoin silver and penny's the pretty useless bronze. You would maybe mine different ore's to smelt into copper bars, unobtanium, argentum etc. Making an alloy out of a combination of these would make many other coins along with cryptogenic bullion, which you would take to a vendor who only accepts CB for his line of epic gear 

I'm sure we will see something like this in the not too distant future, I hope so anyway.

[papersheepdog]

Draft of CGB Website's new text - Your Input Requested!

For more discussion please see the reddit post.

Greetings everyone. I am posting a draft of some of the sections of the new website. They are a work in progress and any input on this content or anything else you would like to see on the new site is appreciated! The website will be focusing on educating investors of all ability so that they can understand the crypto-currency markets and make wise decisions within them. Without this understanding, our markets will not be able to efficiently, and with confidence, allocate capital to the true pillars of this new economy.


Site Navigation:

Quick Nav - FAQ | Wiki | Block Explorer | Paper Wallet | Getting Started

Home | About | Investor Brief | Get CGB | Resources | Community | Marketing | Learning | Contact


Home

CGB Logo


About

About:

Cryptogenic Bullion is a digital asset with all of the qualities of money. It is a descendant of Bitcoin, but employs an advanced security model which is more efficient and more secure than Bitcoin. The problems of today's debt based fiat currencies find solutions in cutting-edge decentralized cryptographic currencies like Cryptogenic Bullion. Designed to function as a store of wealth, CGB's fundamentals emulate the properties and supply of gold.

While Cryptogenic Bullion shares many traits with Bitcoin such as fast global payments, decentralization, pseudo-anonymity, and non-reversible transactions, there are many improvements which allow CGB to more reliably store wealth. A critical requirement for storing wealth is a low inflation rate. Cryptogenic Bullion is a very rare exception in that it has nearly completed its volatile inflationary stage and settled into its maximum yearly inflation rate of 2%. It also allows prudent savers of Cryptogenic Bullion to earn up to 1.5% interest on funds left unspent in their wallets for at least 30 days.

CGB Strengths/Benefits (text to be developed)

Specifications

    Proof of Work/Proof of Stake Hybrid
    Algorithm: Scrypt
    Linear difficulty retarget (every 2 blocks)
    5 Confirmations
    60 Second block time
    1.5% Annual interest earned
    Subsidy halving after every 50k blocks until reward of 0.01
    Target ~1,000,000 CGB
    0.5% PoW & 1.5% PoS inflation
    Based on Peercoin & Novacoin

FAQ:


Investor Brief

If you are new to the crypto-currency market, you have likely noticed what seems like an extreme abundance of different options. The market is still new, and most of these have not been created with sound economic and social fundamentals. When we step back and look at the whole picture, we see a fight between miners, who complete difficult calculations to generate new coins, and investors, who are buying coins on the market based on perceived potential. A third unseen player in the market is the scammer. Since there is real capital involved, and due to the anonymous nature of crypto-currencies and the internet itself, these people are known to coordinate pump-n-dump scams and will even create new digital currencies just for this purpose. It is important, as investors, that we conduct our due diligence before allocating capital to ensure that we are both on the right side of a trade, and that we are supporting only those projects which deserve the capital.

Capital flows can be understood when we realize that there are many different reasons to hold a crypto-currency. They can be held to spend, held to save, held to invest, and used to move funds from one person, place, or market to another. It is important to know this, because predicting changes in demand is how an investor can generate a return. Cryptogenic Bullion functions well for saving because of its low inflation rate, and the interest that can be earned by holding it. The value of Cryptogenic Bullion is not determined by how many markets it can directly trade to, nor by how many businesses and individuals will accept and hold it for spending, but from its fundamentals which allow it to serve as a more stable store of wealth.

Text to be developed

    The need to diversify
    Trust in the protocol
    Charts / Fundamentals


Get CGB

Since CGB's primary function is to store wealth and not as a volatile market gateway such as Bitcoin, we must naturally acquire Bitcoin first in order to trade out to Cryptogenic Bullion. The most common way to acquire Bitcoin is by linking your bank account to a trusted exchange website site such as coinbase, bitstamp, or Vault of Satoshi. However, there is a way to use PayPal, in a way that complies with its Terms of Service, to sell $USD for Bitcoin at an online exchange website called VirWoX. Details can be found here.

Mining and Minting to get CGB (Text to be developed)


Resources

Links:

    Paper Wallet Generator
    Block Explorers
    CGB Wiki

Technical Charts:

    Embedded Live Data
    External Live data (links)
    Analysis


Community

Communities:

    Cryptogenic Bullion on Reddit
    Cryptogenic Bullion on BitcoinTalk
    Cryptogenic Bullion on Twitter
    Cryptogenic Bullion on Facebook
    CryptoMarkets on Reddit
    CryptoCurrency on Reddit
    Bitcoin on Reddit
    Dogecoin on Reddit

Community Development:

This content will be cleaned up

    Lightweight Blockchain Client: (Research Stage) See this post. This gives a client the ability to conduct transactions with a subset of the blockchain. It's useful for mobile applications and offline transaction signing. eg. BitcoinJ, Armory and Electrum
    Expanded Wallet features: (Research Stage) We are looking to add some exciting new features to our wallet software including CGB network statistics and an RSS feed like functionality. All suggestions welcome!
    Offline Transaction Signing: (Research Stage) This requires the above Lightweight Blockchain Client. eg. Bitcoin Trezor: This device contains a static environment which holds your private key for offline signing of transactions. This kind of technology is seriously needed for long term viability.
    Wallet Software Speed Optimization: (Research Stage) Currently the CGB wallet software can take a couple minutes to load (or more depending on CPU). Some other crypto-currencies have been able to optimize their load times down to 15 seconds.
    Dedicated CGB Forum: (In progress) A dedicated forum would be a nice touch.
    CGB Wiki: (In testing phase) This will be of great value to us as we can logically create and arrange how-to documentation and all other kinds of information in an easy to navigate and reference repository.
    Reddit Formatted Advertisements: (Requesting Ideas) We are in need of advertisements for CGB which are formatted 300px wide x 250px tall. These can be generic advertisements or targeted to a specific subreddit. These advertisements will link back to the /r/CryptogenicBullion subReddit to bring in new community members. For now buying ad space is voluntary but perhaps we may involve some kind of fund to help in the future. (Thanks /u/hybridsole for bringing this up) Update: These functinos might not be as useful as we become more reliant on PoS for security, but might not be a bad idea anyhow, research required. (Artiface) In the future I would like to have the client have a nice visualisation of POS showing stake weight and an estimate of when stake should be generated.
    Statistical Data: (Requesting Data) We need information to compare CGB to other coins. See: http://bitinfocharts.com/ This includes all kinds of data like technology comparison, coin variables, distribution, and all relevant attributes to be compared with each other.

Community Content:

    Understanding Crypto-Currency Market Dynamics and the Role of BTC, DOGE, and CGB - /u/papersheepdog
    Technical Analysis of CGB All-time Chart Feb 13, 2014 - /u/papersheepdog
    Technical Analysis of CGB All-time Chart Feb 27, 2014 - /u/papersheepdog
    How to buy CGB with Paypal - /u/papersheepdog. Also see this page for a more exhaustive list of methods
    How can CGB sort of step in and take the role of being a store of wealth? - /u/PVKT
    Cold offline Revlar CGB wallet - /u/LarryHardcore
    Do you have the hands? - /u/Killiz
    Effect of Block Halving on Price - /u/papersheepdog note: This no longer has a major impact on CGB.

Businesses accepting CGB:

    List of businesses which accept CGB


Marketing

Strategy:

Viral Concepts:

Got Crypto?: I believe that this phrase has the power to turn Cryptogenic Bullion's slightly awkward name into an advantage. Not only is it a professional name appealing to the investment community, but it can be called 'Crypto' for short. No other coin can logically take this title with more credit than Cryptogenic Bullion. For example: https://i.imgur.com/BU1HSdC.jpg

CGB Vault: This viral concept involves locating high quality vault images and replacing the circular entrance with a translucent CGB logo. This can then include a slogan and or CGB Strengths. For example: https://i.imgur.com/JgSQkHw.jpg

CGB Bull: This viral concept involves making reference to spanish traditions of running with the bulls. A bull market is one which has established an up-trend in valuation. "2014 - Year of the BULLion!" "Run with the CGB Bulls!" etc. Any imagery involving actual bull runs and possibly subtle market chart imagery. Be careful not to appeal to greed, we don't need that kind of volatility. For example: https://i.imgur.com/Fe17cZE.png and http://www.youtube.com/watch?v=Fa-nfIksY4o

Crypto-Asset Trinity: As explained in this paper. A well functioning cryptographic asset market requires three roles to be filled: market gateway, adopted currency, and store of wealth. Bitcoin is the gateway that allows us to access so many markets especially USD of course. Dogecoin is riding a wave of excitement to be accepted by a wide array of merchants and businesses, creating an economy that doesn't require conversion back to government issued fiat as the people choose their own currency. Cryptogenic Bullion is the first crypto-currency to display all of the properties of money, while providing the bearer with interest for holding it. It is portable, divisible, fungible, scarce, low inflation, durable, non-consumable, and a store of wealth.

Crypto Stacking: I know I am not the only one who calls the contents of my CGB wallets a "stack." Some of us have found interest in crypto-currencies for the same reason that we may also hold physical Silver or Gold. Any parallels that can be drawn in imagery or wording to the "Silver Bug" community can be a fun way to promote value and inclusion.

Press:

    Dec 30, 2013 There Are Now At Least 14 Digital Currencies Worth More Than $US1 - Business Insider
    Sept 10, 2013 The Rare, Interest Bearing, Bitcoin Alternative – Cryptogenic Bullion - Yahoo! Finance

Material:

    Images, logos, memes, posters, video, etc


Learning

Documents:

    Bitcoin Whitepaper
    Peercoin Whitepaper
    More to be added

Getting Started:

CGB's LIfecycle:

Market Fundamentals:

The cryptographic currency market can naturally be seen as part of the greater foreign exchange market which includes all government issued fiat currencies. Many parallels can be drawn and it can get very technical. In order to be understood by the widest audience, I have left out some distinctions which are not relevant to the overall understanding of these concept and would likely cause confusion. We will begin by defining some basic elements found in these markets, the forces that are at play, and details on the roles to be filled in this new economy.

The Monetary Base of a currency is the total number of units of a currency that are in existence. The monetary base can expand or contract. Expansion happens through mining and minting, while contraction occurs if a wallet is permanently lost. Although the monetary base may expand, if the new units are being held and not put on to the market, they may not cause a loss in relative value known as inflation. Correspondingly, if a large amount of the currency is lost forever or simply held by the population, an apparent shortage of the currency eventually forces the market to realize a higher exchange rate, identified as deflation. These forces act to stabilize the market as low relative prices encourage spending, and high relative prices encourage saving, thus maintaining a steady exchange rate and flow (ie. velocity of money).

Unit price is the cost per unit currently found on the open market for a particular crypto-currency. In a currency with a very low expansion rate, this would be primarily affected by the flow of capital. Currencies experiencing a high expansion rate of the monetary base will require a supply of capital inflow to balance against the base expansion, called the maintenance cost. As the unit price doubles, so does the capital inflow rate requirement (maintenance cost). This dynamic becomes readily apparent when the unit price rises too quickly for the capital inflow rate to maintain the new price (pump) and a correction must occur (dump). In addition to capital inflow, the maintenance cost can also be countered by members of the community who choose to hold and save their currency.

Market Capitalization can simply be seen as the total amount of capital that has been invested into a currency. For these markets, normally it is measured in USD, but it could be measured in BTC or any other currency. Usually we would measure this in the currency that we are more familiar with or the one which we perceive to be the most useful. From an investment point of view, market capitalization is a measure of popularity but not necessarily profitability. Market capitalization is calculated by multiplying the unit price by the number of units. Investors are primarily concerned with the unit price because this is the direct value of what they hold. If the capital inflow is directly balancing against the expansion of the monetary base (paying the maintenance cost) we will see an increase in market capitalization over time, without an increase in unit price.

Capital flows can be understood when we realize that there are many different reasons to hold a crypto-currency. They can be held to spend, held to save, held to invest, and used to move funds from one person, place, or market to another. Each of these actions has an implied positive effect on the market capitalization for the length of time that it is held in that currency. For example, we can convert USD to Bitcoin, and Bitcoin to CGB where is it held for a year. Each week, a portion is converted to Bitcoin and then to Dogecoin as a weekly spending allotment. We can see that Bitcoin was used the most often, but with the shortest hold times. CGB was the least active, but with the longest hold times. Dogecoin was being held, but not in great quantities. The fact that different roles are being played here is not widely known and provides the diligent investor with more tools to understand these markets.

In order to further understand why one crypto-currency cannot fill all roles, we must look at the ideal fundamentals for each role. A store of wealth must have a low inflation rate to preserve capital and reduce volatility, and can encourage holding by providing interest. An adopted currency must encourage spending by inflating to match the size of its expanding economy as more participants hold to spend. A market gateway should have a positive inflation rate to encourage liquidity and high volume access to many different markets.
Contact

[bahamapascal]

+1

Looks good, great work!


What are the plans for the next days/weeks?

[BTCat]

Many traders are here for their research so obviously making posts about CGB is a really good effort.
All the visitors need to be guided into the CGB thread here, then they will visit the website and social media and perhaps buy some

We need salespeople to sell CGB's to the world. I believe the website has been written as such, a salespitch with all the reasons why you should hold the coin longterm.

Plenty of threads that are suitable for a CGB post. Start represent your coin and reply on a few threads each day. If a dozen people do this it will give a boost.
Just keep some threads alive for awhile or dig in old threads that can be revived with a new post. Each post is read by 50-200 people so it's worth it:

https://bitcointalk.org/index.php?topic=504693.0
https://bitcointalk.org/index.php?topic=492962.0
https://bitcointalk.org/index.php?topic=501024.0

[papersheepdog]

Many traders are here for their research so obviously making posts about CGB is a really good effort.
All the visitors need to be guided into the CGB thread here, then they will visit the website and social media and perhaps buy some

We need salespeople to sell CGB's to the world. I believe the website has been written as such, a salespitch with all the reasons why you should hold the coin longterm.

Plenty of threads that are suitable for a CGB post. Start represent your coin and reply on a few threads each day. If a dozen people do this it will give a boost.

https://bitcointalk.org/index.php?topic=504693.0
https://bitcointalk.org/index.php?topic=492962.0

You are dead on with this! Any threads that you (or anyone else) see that need attention, feel free to post it here. We need to use our new materials to educate on a personal basis!

As for plans, we are finalizing the client release as we speak and should have news on that shortly. As far as marketing goes BTCat is right on the money. We need to educate ourselves and then spread out with reasoned discussion. We were looking at dropping some cash on advertising before this all happened so I am sure we will get back to that discussion shortly. For now, we need to all get to work and spread out! Any questions about the material I recently posted or the direction if anyone is unsure please ask.

[sheinsha]

Minar.cc CGB Mining Pool
UPDATED to v1.1.6.6

The pool has been updated to latest version, updated links to new block explorer and a few fixes to the pool are coming in too!

Come and JOIN US!

[elambert]

It is with great pleasure that I announce the most recent updates from the Cryptogenic Bullion development team!

Client Version 1.1.6.6:
-   Updated splash screen
-   Updated logos
-   Updated checkpoints
-   Fix to getbalance vs listaccounts discrepancy

Download here:
http://cgb.holdings/#download

Work has already begun on Version 1.1.6.7 scheduled for release in about a month. Below is a sample set of the features we are looking to add in the next client:
-   Visualization of PoS staking and estimated time until next reward
-   Button for unlocking wallet to stake instead of having to go through the console
-   Update checkpointing code

Lastly we have been working on a complete rework of the website (design and content) which will be released shortly.

Stay tuned!

[Killiz]

Minar.cc CGB Mining Pool
UPDATED to v1.1.6.6

The pool has been updated to latest version, updated links to new block explorer and a few fixes to the pool are coming in too!

Come and JOIN US!

Thanks sheinsha, and thanks for the support of CGB also.

[Killiz]

It is with great pleasure that I announce the most recent updates from the Cryptogenic Bullion development team!

Client Version 1.1.6.6:
-   Updated splash screen
-   Updated logos
-   Updated checkpoints
-   Fix to getbalance vs listaccounts discrepancy

Download here:
http://www.gotcrypto.net/#download

Work has already begun on Version 1.1.6.7 scheduled for release in about a month. Below is a sample set of the features we are looking to add in the next client:
-   Visualization of PoS staking and estimated time until next reward
-   Button for unlocking wallet to stake instead of having to go through the console
-   Update checkpointing code

Lastly we have been working on a complete rework of the website (design and content) which will be released shortly.

Stay tuned!

Great ideas in the works for CB. 

Remember community, your input counts. If you have any ideas please speak up, we have open ears. This is a community project, and all your ideas will be discussed and debated, in regards to the future direction and development that CB takes.

All ideas are welcome! We aim to go in the direction that is fitting to the community that supports us.

Thanks guys

Killiz

[coin@coin]

It is with great pleasure that I announce the most recent updates from the Cryptogenic Bullion development team!

Client Version 1.1.6.6:
-   Updated splash screen
-   Updated logos
-   Updated checkpoints
-   Fix to getbalance vs listaccounts discrepancy

Download here:
http://www.gotcrypto.net/#download

Work has already begun on Version 1.1.6.7 scheduled for release in about a month. Below is a sample set of the features we are looking to add in the next client:
-   Visualization of PoS staking and estimated time until next reward
-   Button for unlocking wallet to stake instead of having to go through the console
-   Update checkpointing code

Lastly we have been working on a complete rework of the website (design and content) which will be released shortly.

Stay tuned!

Good job elambert! Looking forward to v. 1.1.6.7.
BTW if you need help with the Italian translation of the redesigned site please consider me!
 

[elambert]

It is with great pleasure that I announce the most recent updates from the Cryptogenic Bullion development team!

Client Version 1.1.6.6:
-   Updated splash screen
-   Updated logos
-   Updated checkpoints
-   Fix to getbalance vs listaccounts discrepancy

Download here:
http://www.gotcrypto.net/#download

Work has already begun on Version 1.1.6.7 scheduled for release in about a month. Below is a sample set of the features we are looking to add in the next client:
-   Visualization of PoS staking and estimated time until next reward
-   Button for unlocking wallet to stake instead of having to go through the console
-   Update checkpointing code

Lastly we have been working on a complete rework of the website (design and content) which will be released shortly.

Stay tuned!

Good job elambert! Looking forward to v. 1.1.6.7.
BTW if you need help with the Italian translation of the redesigned site please consider me!
 

Will definitely keep you in mind, thank you!

[crackfoo]

I've updated to the latest client.

Thanks

http://cgb.hasher.ca - PPLNS 1%

Happy Hashing!

[elambert]

Thank you for your support and service sheinsha and crackfoo!

[mvdheuvel1983]

I noticed you can select a language on the website. I guess you used something like Google Translator?

Because when I look at the Dutch version some parts of the site (especially the Why CB section) don't make sense at all 

If you want I can translate it to proper Dutch. PM me if you are interested.

[elambert]

I noticed you can select a language on the website. I guess you used something like Google Translator?

Because when I look at the Dutch version some parts of the site (especially the Why CB section) don't make sense at all 

If you want I can translate it to proper Dutch. PM me if you are interested.

Thank you friend. We are in the process of completely rebuilding the site with a brand new and improved design and text. I will reach out once complete if we need your assistance.