What Is Cooler Than Liquid Gold?
What is cooler than liquid gold? Yes, what is cooler than Liquid Gold Hair Products, Alpha-H Liquid Gold, Brackley’s Liquid Gold or Heaven’s Hell Vodka Liquid Gold? What is cooler than liquid gold that flows in a gold smelting furnace at a 1,948°F?
This answer is: Cryptogenic Bullion (CGB)
Whether you’re a professional businessman, a model or the dog of the neighborhood, a kid with a skate board and a dream, a baby sucking on a dummy, the gardener resting under a tree, the asshole politician or the “If You Don’t Hold It, You don’t Own It” gold/silver stacker… I am absolutely convinced Cryptogenic Bullion, or in short CGB, will become cooler than cool to you when you give it the attention it deserves. I mean, the price is right and the specs are spot on, what more can one ask for?
What exactly is Cryptogenic Bullion (CGB)?
To give a short and even shorter answer…
CGB is a digital commodity that possesses all the qualities of money and can successfully be exchanged as a global currency if and when needed. E.g. like gold, it is portable, divisible, fungible, scarce, low inflation, durable, non-consumable, and a store of wealth. It can be stored in a private safe and yet transferred across the globe in minutes. Yes, CGB is a “a digital asset that can be stored like a precious metal, used like an interest bearing account, or exchanged as a global currency.”
The even shorter answer is that CGB is a rare, secure, energy and cost efficient non-violent means to combat the corruption and inefficiencies that are at the heart of most centralized systems today.
When was CGB started?
Cryptogenic Bullion (CGB) saw first light in June 2013 and is still going strong.
What makes CGB cool, besides being a digital commodity and currency?
The following are among the things that makes CGB seriously super cool to say the least…
• Strong Social Support: CGB enjoys the support of a strong community. E.g. CGB recently came 8th out of a total of 216 cryptocurrencies in terms of social strength.
• Active Development: CGB is actively developed by a dev team that is dedicated to CGB’s success. E.g. when news recently surfaced about the Heartbleed Internet bug, they were among the first to release an updated and even more secure CGB wallet.
• Frequent Updates: CGB community members receive frequent updates from the dev team. E.g. “CGB Core Team Weekly Update”.
• Frequent Contests and Giveaways: The CGB community and dev team frequently host contests and giveaways. E.g. there was recently a CGB Celebration give-away at the Vault of Satoshi to celebrate the launch of CGB's first direct CAD & USD markets, which is a huge step forward for CGB.
• Great Website: CGB has a professional and very informative website that features charts & data, an investor brief, frequently asked questions and much more. To check it out for yourself, be sure to pay a visit to:
www.cgb.holdings• Physical CGB Available for Sale: Physical CGB in the form of 1 Troy ounce of .999 fine silver – Commemorative “Cryptogenic Bullion” Proofs are available for sale at
www.finitebydesign.net This provides an opportunity to back the digital CGB one holds with physical silver in one’s own capacity. CGB is not formally backed by gold or silver, because there is no central issuing authority and “backing”, especially by a third party, is nothing short of a promise that can be broken (as history has proven beyond a reasonable doubt). When you hold the private key to unlock your portion of CGB in the block chain, you’re holding wealth in your hand. Needless to say, the strength of CGB lies in its digital properties.
You mentioned that “the price is right and the specs are spot on”, could you be more specific?
Yes.
With “the price is right” I mean that Cryptogenic Bullion (CGB) is currently trading within a price range that makes it super cheap, especially considering its rarity and the fact that the baseline reward of 0.01 CGB per block will be reached around June this year (2014). The moment that happens, the maximum annual inflation rate will be penned at 2% (0.5% PoW & 1.5% PoS inflation), bringing an end to the volatile inflationary stage earmarked by plenty of price swings. This will make CGB the ideal cryptographic virtual commodity to hold, especially if you choose to get in at current price levels of around $0.40 per CGB.
In terms of “the specs are spot” on, I mean…
• Proof of Work/Proof of Stake Hybrid – Great in terms of network security and also helps to make CGB energy and cost efficient.
• Algorithm: Scrypt – This is theoretically a much safer algorithm to use than SHA-2, a family of cryptographic hash functions that includes SHA-256, which is used by Bitcoin.
• Linear difficulty retarget (every 2 blocks).
• 5 Confirmations – This combined with a 60 second block time makes relatively fast transaction times possible, while no compromise is made in terms of security.
• 60 Second block time.
• 1.5% Annual interest earned.
• Subsidy halving after every 50k blocks until perpetual reward of 0.01
• Target ~1,000,000 CGB – This combined with 2% annual inflation makes CGB rare, especially when compared to the multi-millions, billions or even trillions of coins flooding the marketplace.
• 0.5% PoW & 1.5% PoS inflation – This is great in terms of both network security and to reward those who support the network.
• Based on Peercoin & Novacoin.
For more info and reasons why Cryptogenic Bullion (CGB) is cooler than liquid gold (and gold for that matter), be sure to pay a visit to:
www.cgb.holdings
