Historic Cryptogenic Bullion thread - CLOSED

[FiniteRed]

I think there never been a better time to invest in and hold CGB for long term, and it obvious to me that others manipulating the price down think so as well

If you want a look at the future of stable Alt Coins, read this:

https://www.rapidcx.com/blog/pantera-bitcoin-fund-sec-filing-reveals-96-million-investment

I think CGB is positioned well for this kind of thing, just what it was designed for. Can you imagine an ETF made up of coins all earning interest through some form of PoS? It's time to clean up and be professional...  

(posted in several forums)

It would be nice if large investment organisations poured millions of dollars into CGB 

[papersheepdog]

Allow me to state my opinion about CB one last time. Please don't get me wrong, I really like the ideas behind CGB (scarcity, exclusivity, etc...); basic idea was RIGHT on. But it really seems like certain computer whizs and certain big egos make poor economists.

Please hear me out this last time, I really would like my CB holding to come back to a decent value.


1) I really do not understand the rational thinking behind CB admins hating mining so much. I have been owning some CGB for a long while, and most reward halving events were met with a price drop (and further loss of interest from community, eg: Memory coin, Dogecoin, etc...). I have seen this in many other Cryptos as well; it turns out reward halving of CGB was poorly designed and I suggest to bring mining back.


2) Now this PoS reward that CGB has, IMO, could easily be doubled, as it is way too low to stir any interest whatsoever, and "doubling" the PoS would still bring CGB nowhere near anything that would affect CB market price negatively.


Main thing however is not to lose track of the basic purpose of a currency: to buy things! I know this one is the hardest to tackle (the other two are just computer variables to adjust and a client update - no big deal), but people have to learn about CB and accept CB for goods and services. The first step in fixing this current undesireable situation is to bring the community back to this coin, by applying the hereby suggested first two steps.


So, I suggest bringing mining rewards back to competitive levels, and raising PoS reward as well; for God's sake bring back some excitement to this coin, it deserves it!

+1

IMO stake reward needs to be 100% pa at least for a year. Can be tapered after that , down to a 'normal'  inflation level after say, 5 years.

So lets say we put PoS to 100%. In one year, everyone has double the number of CGB and the price is half. Shouldn't there be some other mechanism in play here to actually bring new holders into the currency? How does doubling everyone's existing wallet size accomplish this? Simply the value will halve (all other things being equal).

If we were to go the PoW route, even doubling the current reward will not bring it anywhere close to the level of activity seen in the first pumps (which every currency goes through). This would also really tick off anyone who held the line at .001BTC as a volume of almost the entire currency supply changed hands. Do we tell them "sorry your coins are about to be diluted massively?"

This isn't about CGB admins allowing or not allowing something, don't forget that a hard fork has to be supported by the community or it will fall flat on its face. The economics are sound, but as you say, the understanding is limited. Rational discussion rules this ship, and ego has nothing to do with it. From the start this coin has been represented as a digital version of the fundamentals of gold. We cannot create gold out of thin air or mine it any faster than what its fundamentals allow, and therefore it makes little sense to take us drastically off course just to attract the pump and dump scene again. What will we do when this pump is over and we are right back where we started, discussing adding yet another mining phase? It doesn't seem like an actual solution.

CGB's utility will be in its fundamental properties which allow it to act as a more stable store of wealth as compared to other currencies. The fact that the awareness and actual use of cryptocurrencies doesn't yet exist to demand such a coin is the problem. We are actively pursuing real solutions to this by jump starting the use of cryptos such as CGB, on the ground. Real, organic, *USE* is what we can reasonably expect, will create the demand for not only CGB but other cryptos as well. This non-partisan approach is what will allow full cryptosphere participation.

[papersheepdog]

By the way this is all some really interesting discussion guys! Awesome input from all.

I totally agree that we could modernize the client. I wish there was more that we could do about that. Merge mining and coin control - top of the list in my opinion right behind the Pow/PoS balance adjustments.

I think you will all be pleasantly surprised at what kind of attention we will be able to bring with our new efforts and CGB's bday coming up. We are going to capitalize big time!

[Killiz]

Hey, Killiz!

Feel free to laugh out loud: I doubt I'll be able to manage photos or vids for a while. I live in a farm house so far out in the Australian bush that I can see an emu out the window right now. And I am vision-impaired. And I get only a trickle of Internet. Can't figure out how to load a photo on this site.

Mark, Australia

Lol I can just picture you now all tangled up in a ball of antena cable, with an aeriel held up in an outstretched hand, furiously clicking a refresh button with the other, while an emu curiously peers at you through the window with one beady eye and a cocked head.

Sounds just like the life I often dream dream of

Perhaps we can best support Artiface by assuring him that we can use well the time until he is truly ready to return: 'lead-dev burnout' is setting in about the place. The present wallet will do for the present -- it must.

Woo hoo!!! Wanna climb to a New Plane, campers??? Start compiling a Directory!!

" Stainless-Steel Mosquito-Coil Holders
Crochead Pty Ltd
http://crochead.myshopify.com/
255 Aumuller St., Westcourt (Cairns)
04 01532237
[status verified]

Turf:
Lush Turf Solutions
http://www.lushturfsolutions.com.au/
9/1440 New Cleveland Road, Capalaba West, Brisbane
+61 7 3390 2551 with 0 or not???
[Status unverified]

Underwear:
# UndieGuys
http://www.undieguys.com.au
addresss???
phone???
[Status unverified]"


You could even build a local or a state one -- whatever: wow!!! what a way to get in touch with the crypto folk who are our consultancy's customers.

PSD: 'the next big leg up'? Expedia? Google and Yahoo stock tickers? a trial at the Holiday Inn? the end of The China Thing well in sight?

Mark Blair, Unicup, Western Australia

What you are doing Mark is fantastic, total 'nutz and boltz' aproach to introducing cryptos to folk who otherwise could be years behind the revolution.  Totally inspiring to see someone up to their armpits in elbow grease, pushing their passion beyond the screen and into the scene.

Maybe someone could throw together some flyers or posters we could each print off to hand out, hammer up and letterbox??  

Killiz,  England UK

Edit: Mark, get some snaps and vids if possible of what you are achieving with the crypto town project. Would really like to see the progress as it happens.

Good to hear from ya Killiz!! I am a huge fan of flyers and other printouts like brochure and business card sized stuff. What will go on it? We have to get creative!

Hey, Killiz!

Feel free to laugh out loud: I doubt I'll be able to manage photos or vids for a while. I live in a farm house so far out in the Australian bush that I can see an emu out the window right now. And I am vision-impaired. And I get only a trickle of Internet. Can't figure out how to load a photo on this site.

Mark, Australia

We will make do with what we have! This proves that only a minimal amount of internet connectivity is even required to get this stuff done!

Hey PSD

About the flyers, I've no clue where to start with what to put on them, maybe just some basic info about cryptos, some addresses to sites of interest, a menu, some pictures of pizzas and Chinese food...........hmm..... hold on a minute, I would chip in a bit of my hard earned Fiat, or maybe a few crypto coins to a takeaway, to go towards their menu costs, in exchange to have a website address added as advertisement on a takeaway menu, aaand have it delivered for me. Introducing the takeaway owner to cryptos at the same time. Two emu's and only one stone!

[VonSpass]

Allow me to state my opinion about CB one last time. Please don't get me wrong, I really like the ideas behind CGB (scarcity, exclusivity, etc...); basic idea was RIGHT on. But it really seems like certain computer whizs and certain big egos make poor economists.

Please hear me out this last time, I really would like my CB holding to come back to a decent value.


1) I really do not understand the rational thinking behind CB admins hating mining so much. I have been owning some CGB for a long while, and most reward halving events were met with a price drop (and further loss of interest from community, eg: Memory coin, Dogecoin, etc...). I have seen this in many other Cryptos as well; it turns out reward halving of CGB was poorly designed and I suggest to bring mining back.


2) Now this PoS reward that CGB has, IMO, could easily be doubled, as it is way too low to stir any interest whatsoever, and "doubling" the PoS would still bring CGB nowhere near anything that would affect CB market price negatively.


Main thing however is not to lose track of the basic purpose of a currency: to buy things! I know this one is the hardest to tackle (the other two are just computer variables to adjust and a client update - no big deal), but people have to learn about CB and accept CB for goods and services. The first step in fixing this current undesireable situation is to bring the community back to this coin, by applying the hereby suggested first two steps.


So, I suggest bringing mining rewards back to competitive levels, and raising PoS reward as well; for God's sake bring back some excitement to this coin, it deserves it!

+1

IMO stake reward needs to be 100% pa at least for a year. Can be tapered after that , down to a 'normal'  inflation level after say, 5 years.

So lets say we put PoS to 100%. In one year, everyone has double the number of CGB and the price is half. Shouldn't there be some other mechanism in play here to actually bring new holders into the currency? How does doubling everyone's existing wallet size accomplish this? Simply the value will halve (all other things being equal).

If we were to go the PoW route, even doubling the current reward will not bring it anywhere close to the level of activity seen in the first pumps (which every currency goes through). This would also really tick off anyone who held the line at .001BTC as a volume of almost the entire currency supply changed hands. Do we tell them "sorry your coins are about to be diluted massively?"

This isn't about CGB admins allowing or not allowing something, don't forget that a hard fork has to be supported by the community or it will fall flat on its face. The economics are sound, but as you say, the understanding is limited. Rational discussion rules this ship, and ego has nothing to do with it. From the start this coin has been represented as a digital version of the fundamentals of gold. We cannot create gold out of thin air or mine it any faster than what its fundamentals allow, and therefore it makes little sense to take us drastically off course just to attract the pump and dump scene again. What will we do when this pump is over and we are right back where we started, discussing adding yet another mining phase? It doesn't seem like an actual solution.

CGB's utility will be in its fundamental properties which allow it to act as a more stable store of wealth as compared to other currencies. The fact that the awareness and actual use of cryptocurrencies doesn't yet exist to demand such a coin is the problem. We are actively pursuing real solutions to this by jump starting the use of cryptos such as CGB, on the ground. Real, organic, *USE* is what we can reasonably expect, will create the demand for not only CGB but other cryptos as well. This non-partisan approach is what will allow full cryptosphere participation.

Two things: backup one minute to the very misuderstood concept of inflation in cryptocurrencies.  " In one year, everyone has double the number of CGB and the price is half." this is what I mean by poor economics; Inflation, my fellow cryptocurrency friends, is the outcome of more currency being added than new physical value being created.

We are products of our generation: we are so scared of inflation, having listened to (and misunderstood) Allan Greenspan in our childhoods that we see inflation in places where it isnt. Let's take the hypothesis that CGB's PoS reward goes to 100% (not what I am recommending BTW); IF this 100% PoS suddenly creates a wave of interest for CGB, and naturally more products and services will be added in the CGB economy along the way, then as a result of this the amount of CGB in existence will indeed double AND price will also GO UP (not down).

This is not inflation, as CGB has PLENTY of room to expand in our economy (200 000.$ vs trillions); its when it has no more room to expand while more CGB are created that will trigger inflation (unwanted loss of value or purchasing power of the indivudual unit).

I think, an acceptance has to be made that CGB is not yet failed, but is failing. If we keep things the same way, it will fail; so let's accept the fact that things have to change for success to happen.

[Killiz]

As a small time miner, and a long time CGB holder, I recently came to a personal belief as to why the value of older (!) crypto currencies are so low, CGB included.

While we have an initial large payout to get miners interested and secure the currency, the buzz and rewards function as incentive to keep the currency alive. Granted, many alts have been launched and died within a week for various different reasons; secret premining, Pump&Dump, non-innovative me-too coin™ etc

As the block reward is higher, the miners will show a larger incentive to mine the coin. This interest decreases with the block rewards and the miners will jump on the next new coin™ With these reduced block rewards, practically every altcoin from one year ago has had a great decline in value, or am I mistaken? It appears to be the larger block rewards that keep the coin going, paying the miners to stay with the coin.

Now the mining phase is practically ended for CGB and we are hoping that investors will take an interest in CGB as a stable and secure investment. The question is why should they do so? If I as an investor would place money in one or more crypto currencies, would I not choose a currency with a better track record, or something that has features that Bitcoin seems to lack? One of the main features I liked about CGB was its proof of stake. The PoS part of CGB is not a unique feature anymore in the cryptocoin scene, and there are even many 100% PoS coins out there now.

I guess where I’m going with this is the fact that the PoS alone does not seem to attract new investors as we all are hoping for. The price is now lower than what it was just after launch, so there is all the incentive for someone to scope up a big bag of CGB for cheaps. The price decline for the past 6 months has not proven to be a stable wealth builder like a traditional interest fund or the likes.

I am not planning to sell off my investment; I still believe and hope that CGB will show its strengths, but at this point I would not put my money in CGB as a new investment. Even though that there are many new exciting ideas going ahead in our community, wouldn't any cautious investor just look at the price development for the past while and place their money elsewhere?

Perhaps we should look back at what gave CGB its initial boost among miners and the community, why was the perceived value of CGB so much higher then, compared to its stable phase now? Are changes needed? Does CGB need the mining help to bring back its values from the 5 mBTC days?

If we are not planning on any changes on CGB itself, than we should be open to ideas like merge mining, altpool investing in CGB and use the strengths within the mining community to help us build a stronger CGB!

+1


Great post.

What we need is a renewed vibrance within the community. The one thing CGB is lacking is an active community. An active community is the strength of any particular coin.

The miners have left the scene, but what do the majority of miners do? They sell. What we need to do is to educate these miners, who are knowingly mining a longterm worthless coin, only because it is profitable at that moment in time, to put some of their profits into CGB as an investment.

The POS reward mustn't be increased above 2%, I agree with myself and  PSD about that It should be looked at as merely a POS security which only adds 2% max inflation, nothing more. Less is more!

I keep reading how CGB needs more services. Do holders of physical bullion demand this? CGB is digital bullion, and should be treated as such. Simply a store of wealth, to be exchanged for a more widely accepted currency as and when needed in the future.

[papersheepdog]

Allow me to state my opinion about CB one last time. Please don't get me wrong, I really like the ideas behind CGB (scarcity, exclusivity, etc...); basic idea was RIGHT on. But it really seems like certain computer whizs and certain big egos make poor economists.

Please hear me out this last time, I really would like my CB holding to come back to a decent value.


1) I really do not understand the rational thinking behind CB admins hating mining so much. I have been owning some CGB for a long while, and most reward halving events were met with a price drop (and further loss of interest from community, eg: Memory coin, Dogecoin, etc...). I have seen this in many other Cryptos as well; it turns out reward halving of CGB was poorly designed and I suggest to bring mining back.


2) Now this PoS reward that CGB has, IMO, could easily be doubled, as it is way too low to stir any interest whatsoever, and "doubling" the PoS would still bring CGB nowhere near anything that would affect CB market price negatively.


Main thing however is not to lose track of the basic purpose of a currency: to buy things! I know this one is the hardest to tackle (the other two are just computer variables to adjust and a client update - no big deal), but people have to learn about CB and accept CB for goods and services. The first step in fixing this current undesireable situation is to bring the community back to this coin, by applying the hereby suggested first two steps.


So, I suggest bringing mining rewards back to competitive levels, and raising PoS reward as well; for God's sake bring back some excitement to this coin, it deserves it!

+1

IMO stake reward needs to be 100% pa at least for a year. Can be tapered after that , down to a 'normal'  inflation level after say, 5 years.

So lets say we put PoS to 100%. In one year, everyone has double the number of CGB and the price is half. Shouldn't there be some other mechanism in play here to actually bring new holders into the currency? How does doubling everyone's existing wallet size accomplish this? Simply the value will halve (all other things being equal).

If we were to go the PoW route, even doubling the current reward will not bring it anywhere close to the level of activity seen in the first pumps (which every currency goes through). This would also really tick off anyone who held the line at .001BTC as a volume of almost the entire currency supply changed hands. Do we tell them "sorry your coins are about to be diluted massively?"

This isn't about CGB admins allowing or not allowing something, don't forget that a hard fork has to be supported by the community or it will fall flat on its face. The economics are sound, but as you say, the understanding is limited. Rational discussion rules this ship, and ego has nothing to do with it. From the start this coin has been represented as a digital version of the fundamentals of gold. We cannot create gold out of thin air or mine it any faster than what its fundamentals allow, and therefore it makes little sense to take us drastically off course just to attract the pump and dump scene again. What will we do when this pump is over and we are right back where we started, discussing adding yet another mining phase? It doesn't seem like an actual solution.

CGB's utility will be in its fundamental properties which allow it to act as a more stable store of wealth as compared to other currencies. The fact that the awareness and actual use of cryptocurrencies doesn't yet exist to demand such a coin is the problem. We are actively pursuing real solutions to this by jump starting the use of cryptos such as CGB, on the ground. Real, organic, *USE* is what we can reasonably expect, will create the demand for not only CGB but other cryptos as well. This non-partisan approach is what will allow full cryptosphere participation.

Two things: backup one minute to the very misuderstood concept of inflation in cryptocurrencies.  " In one year, everyone has double the number of CGB and the price is half." this is what I mean by poor economics; Inflation, my fellow cryptocurrency friends, is the outcome of more currency being added than new physical value being created.

We are products of our generation: we are so scared of inflation, having listened to (and misunderstood) Allan Greenspan in our childhoods that we see inflation in places where it isnt. Let's take the hypothesis that CGB's PoS reward goes to 100% (not what I am recommending BTW); IF this 100% PoS suddenly creates a wave of interest for CGB, and naturally more products and services will be added in the CGB economy along the way, then as a result of this the amount of CGB in existence will indeed double AND price will also GO UP (not down).

This is not inflation, as CGB has PLENTY of room to expand in our economy (200 000.$ vs trillions); its when it has no more room to expand while more CGB are created that will trigger inflation (unwanted loss of value or purchasing power of the indivudual unit).

I think, an acceptance has to be made that CGB is not yet failed, but is failing. If we keep things the same way, it will fail; so let's accept the fact that things have to change for success to happen.

Thanks for the clarification VonSpass, and I believe I know exactly what you are saying. This is why I put the qualifier "all other things being equal" in there. What you are getting at is that value has to be created to balance the monetary base expansion or inflation will be felt. This still does not explain how expanding the monetary base will attract newcomers. Buying a coin at the start of its life (and holding) is almost always a losing proposition as your investment is "inflated away" unless boatloads of cash continue to sail in to counter the creation of new units. The wave of interest you are talking about is investors who plan to get in early and dump out before the rest. That's interest, sure, but how does it build lasting value?

We have plenty of room to expand into the economy of course; cryptocurrencies are hardly known and yet badly needed. This expansion is exactly what the CryptoTown project is about. Creating new facets of the economy for CGB to be held in, new demand created through consultancy and advocacy. I am not convinced that printing more money will affect demand except to get the pump and dumpers back in the game for a little while. Change is important; I think we can all agree that adaptation is what will keep the ship afloat.

[papersheepdog]

As a small time miner, and a long time CGB holder, I recently came to a personal belief as to why the value of older (!) crypto currencies are so low, CGB included.

While we have an initial large payout to get miners interested and secure the currency, the buzz and rewards function as incentive to keep the currency alive. Granted, many alts have been launched and died within a week for various different reasons; secret premining, Pump&Dump, non-innovative me-too coin™ etc

As the block reward is higher, the miners will show a larger incentive to mine the coin. This interest decreases with the block rewards and the miners will jump on the next new coin™ With these reduced block rewards, practically every altcoin from one year ago has had a great decline in value, or am I mistaken? It appears to be the larger block rewards that keep the coin going, paying the miners to stay with the coin.

Now the mining phase is practically ended for CGB and we are hoping that investors will take an interest in CGB as a stable and secure investment. The question is why should they do so? If I as an investor would place money in one or more crypto currencies, would I not choose a currency with a better track record, or something that has features that Bitcoin seems to lack? One of the main features I liked about CGB was its proof of stake. The PoS part of CGB is not a unique feature anymore in the cryptocoin scene, and there are even many 100% PoS coins out there now.

I guess where I’m going with this is the fact that the PoS alone does not seem to attract new investors as we all are hoping for. The price is now lower than what it was just after launch, so there is all the incentive for someone to scope up a big bag of CGB for cheaps. The price decline for the past 6 months has not proven to be a stable wealth builder like a traditional interest fund or the likes.

I am not planning to sell off my investment; I still believe and hope that CGB will show its strengths, but at this point I would not put my money in CGB as a new investment. Even though that there are many new exciting ideas going ahead in our community, wouldn't any cautious investor just look at the price development for the past while and place their money elsewhere?

Perhaps we should look back at what gave CGB its initial boost among miners and the community, why was the perceived value of CGB so much higher then, compared to its stable phase now? Are changes needed? Does CGB need the mining help to bring back its values from the 5 mBTC days?

If we are not planning on any changes on CGB itself, than we should be open to ideas like merge mining, altpool investing in CGB and use the strengths within the mining community to help us build a stronger CGB!

+1


Great post.

What we need is a renewed vibrance within the community. The one thing CGB is lacking is an active community. An active community is the strength of any particular coin.

The miners have left the scene, but what do the majority of miners do? They sell. What we need to do is to educate these miners, who are knowingly mining a longterm worthless coin, only because it is profitable at that moment in time, to put some of their profits into CGB as an investment.

The POS reward mustn't be increased above 2%, I agree with myself and  PSD about that It should be looked at as merely a POS security which only adds 2% max inflation, nothing more. Less is more!

I keep reading how CGB needs more services. Do holders of physical bullion demand this? CGB is digital bullion, and should be treated as such. Simply a store of wealth, to be exchanged for a more widely accepted currency as and when needed in the future.

Great point about physical bullion holders! It's simply something you hold. Throw it on a paper wallet and physically secure it. If you want interest, take it out every now and then and cash in. While I would love to see more services, its not realistic for us right now because as you noted, the community is not as active as this coin deserves. Once it picks up, we have a focused direction on the features and services which would complement CGB very well in this role. Our strategy for awareness is to take the cryptosphere by its horns and start leading us toward actual adoption - the next big phase. Regarding miners, its a tricky profit motive which is hard to change. Education will help, but these people are going to need to see the momentum built and rolling before they start salivating again.

[VonSpass]

Allow me to state my opinion about CB one last time. Please don't get me wrong, I really like the ideas behind CGB (scarcity, exclusivity, etc...); basic idea was RIGHT on. But it really seems like certain computer whizs and certain big egos make poor economists.

Please hear me out this last time, I really would like my CB holding to come back to a decent value.


1) I really do not understand the rational thinking behind CB admins hating mining so much. I have been owning some CGB for a long while, and most reward halving events were met with a price drop (and further loss of interest from community, eg: Memory coin, Dogecoin, etc...). I have seen this in many other Cryptos as well; it turns out reward halving of CGB was poorly designed and I suggest to bring mining back.


2) Now this PoS reward that CGB has, IMO, could easily be doubled, as it is way too low to stir any interest whatsoever, and "doubling" the PoS would still bring CGB nowhere near anything that would affect CB market price negatively.


Main thing however is not to lose track of the basic purpose of a currency: to buy things! I know this one is the hardest to tackle (the other two are just computer variables to adjust and a client update - no big deal), but people have to learn about CB and accept CB for goods and services. The first step in fixing this current undesireable situation is to bring the community back to this coin, by applying the hereby suggested first two steps.


So, I suggest bringing mining rewards back to competitive levels, and raising PoS reward as well; for God's sake bring back some excitement to this coin, it deserves it!

+1

IMO stake reward needs to be 100% pa at least for a year. Can be tapered after that , down to a 'normal'  inflation level after say, 5 years.

So lets say we put PoS to 100%. In one year, everyone has double the number of CGB and the price is half. Shouldn't there be some other mechanism in play here to actually bring new holders into the currency? How does doubling everyone's existing wallet size accomplish this? Simply the value will halve (all other things being equal).

If we were to go the PoW route, even doubling the current reward will not bring it anywhere close to the level of activity seen in the first pumps (which every currency goes through). This would also really tick off anyone who held the line at .001BTC as a volume of almost the entire currency supply changed hands. Do we tell them "sorry your coins are about to be diluted massively?"

This isn't about CGB admins allowing or not allowing something, don't forget that a hard fork has to be supported by the community or it will fall flat on its face. The economics are sound, but as you say, the understanding is limited. Rational discussion rules this ship, and ego has nothing to do with it. From the start this coin has been represented as a digital version of the fundamentals of gold. We cannot create gold out of thin air or mine it any faster than what its fundamentals allow, and therefore it makes little sense to take us drastically off course just to attract the pump and dump scene again. What will we do when this pump is over and we are right back where we started, discussing adding yet another mining phase? It doesn't seem like an actual solution.

CGB's utility will be in its fundamental properties which allow it to act as a more stable store of wealth as compared to other currencies. The fact that the awareness and actual use of cryptocurrencies doesn't yet exist to demand such a coin is the problem. We are actively pursuing real solutions to this by jump starting the use of cryptos such as CGB, on the ground. Real, organic, *USE* is what we can reasonably expect, will create the demand for not only CGB but other cryptos as well. This non-partisan approach is what will allow full cryptosphere participation.

Two things: backup one minute to the very misuderstood concept of inflation in cryptocurrencies.  " In one year, everyone has double the number of CGB and the price is half." this is what I mean by poor economics; Inflation, my fellow cryptocurrency friends, is the outcome of more currency being added than new physical value being created.

We are products of our generation: we are so scared of inflation, having listened to (and misunderstood) Allan Greenspan in our childhoods that we see inflation in places where it isnt. Let's take the hypothesis that CGB's PoS reward goes to 100% (not what I am recommending BTW); IF this 100% PoS suddenly creates a wave of interest for CGB, and naturally more products and services will be added in the CGB economy along the way, then as a result of this the amount of CGB in existence will indeed double AND price will also GO UP (not down).

This is not inflation, as CGB has PLENTY of room to expand in our economy (200 000.$ vs trillions); its when it has no more room to expand while more CGB are created that will trigger inflation (unwanted loss of value or purchasing power of the indivudual unit).

I think, an acceptance has to be made that CGB is not yet failed, but is failing. If we keep things the same way, it will fail; so let's accept the fact that things have to change for success to happen.

Thanks for the clarification VonSpass, and I believe I know exactly what you are saying. This is why I put the qualifier "all other things being equal" in there. What you are getting at is that value has to be created to balance the monetary base expansion or inflation will be felt. This still does not explain how expanding the monetary base will attract newcomers. Buying a coin at the start of its life (and holding) is almost always a losing proposition as your investment is "inflated away" unless boatloads of cash continue to sail in to counter the creation of new units. The wave of interest you are talking about is investors who plan to get in early and dump out before the rest. That's interest, sure, but how does it build lasting value?

We have plenty of room to expand into the economy of course; cryptocurrencies are hardly known and yet badly needed. This expansion is exactly what the CryptoTown project is about. Creating new facets of the economy for CGB to be held in, new demand created through consultancy and advocacy. I am not convinced that printing more money will affect demand except to get the pump and dumpers back in the game for a little while. Change is important; I think we can all agree that adaptation is what will keep the ship afloat.

Sorry for putting you on the spot with my quote, Papersheepdog; I really appreciate your posts, they are always interesting, well phrased and intelligent. It's just that I see this inflation argument (without all other things being equal, mentioned) and I think it is this very fear that in the end will bring CGB down (if nothing is done about it).

What I am saying here is somehow people have to start beleiving in CGB, and investing in it.

Let's face it - the Reddit forum didnt help, the new website didnt help, the bimonthly meetings and updates (sometimes very light in actual content I must say) - all this did nothing to bring CGB up.

I would attack this on two fronts: 1) work hard at adding goods and services you can buy with CGB - and only CGB. these can be virtual (but prized nonetheless) assets. Create an online game, etc...

2) since talk doesnt help, let's bring back miners on board, this will help renew interest for CGB,

[RJF]

2) since talk doesnt help, let's bring back miners on board, this will help renew interest for CGB,

Also remember this, brick and mortar companies don't change their products on a regular basis because they need changing, they do it to get the product back in the public eye. If you bought an XYZ Widget and XYZ releases a new and improved Widget, you will be more likely to buy another even though it's really the same thing...

It's all in the advertising and the perception of the customer...

[papersheepdog]

Allow me to state my opinion about CB one last time. Please don't get me wrong, I really like the ideas behind CGB (scarcity, exclusivity, etc...); basic idea was RIGHT on. But it really seems like certain computer whizs and certain big egos make poor economists.

Please hear me out this last time, I really would like my CB holding to come back to a decent value.


1) I really do not understand the rational thinking behind CB admins hating mining so much. I have been owning some CGB for a long while, and most reward halving events were met with a price drop (and further loss of interest from community, eg: Memory coin, Dogecoin, etc...). I have seen this in many other Cryptos as well; it turns out reward halving of CGB was poorly designed and I suggest to bring mining back.


2) Now this PoS reward that CGB has, IMO, could easily be doubled, as it is way too low to stir any interest whatsoever, and "doubling" the PoS would still bring CGB nowhere near anything that would affect CB market price negatively.


Main thing however is not to lose track of the basic purpose of a currency: to buy things! I know this one is the hardest to tackle (the other two are just computer variables to adjust and a client update - no big deal), but people have to learn about CB and accept CB for goods and services. The first step in fixing this current undesireable situation is to bring the community back to this coin, by applying the hereby suggested first two steps.


So, I suggest bringing mining rewards back to competitive levels, and raising PoS reward as well; for God's sake bring back some excitement to this coin, it deserves it!

+1

IMO stake reward needs to be 100% pa at least for a year. Can be tapered after that , down to a 'normal'  inflation level after say, 5 years.

So lets say we put PoS to 100%. In one year, everyone has double the number of CGB and the price is half. Shouldn't there be some other mechanism in play here to actually bring new holders into the currency? How does doubling everyone's existing wallet size accomplish this? Simply the value will halve (all other things being equal).

If we were to go the PoW route, even doubling the current reward will not bring it anywhere close to the level of activity seen in the first pumps (which every currency goes through). This would also really tick off anyone who held the line at .001BTC as a volume of almost the entire currency supply changed hands. Do we tell them "sorry your coins are about to be diluted massively?"

This isn't about CGB admins allowing or not allowing something, don't forget that a hard fork has to be supported by the community or it will fall flat on its face. The economics are sound, but as you say, the understanding is limited. Rational discussion rules this ship, and ego has nothing to do with it. From the start this coin has been represented as a digital version of the fundamentals of gold. We cannot create gold out of thin air or mine it any faster than what its fundamentals allow, and therefore it makes little sense to take us drastically off course just to attract the pump and dump scene again. What will we do when this pump is over and we are right back where we started, discussing adding yet another mining phase? It doesn't seem like an actual solution.

CGB's utility will be in its fundamental properties which allow it to act as a more stable store of wealth as compared to other currencies. The fact that the awareness and actual use of cryptocurrencies doesn't yet exist to demand such a coin is the problem. We are actively pursuing real solutions to this by jump starting the use of cryptos such as CGB, on the ground. Real, organic, *USE* is what we can reasonably expect, will create the demand for not only CGB but other cryptos as well. This non-partisan approach is what will allow full cryptosphere participation.

Two things: backup one minute to the very misuderstood concept of inflation in cryptocurrencies.  " In one year, everyone has double the number of CGB and the price is half." this is what I mean by poor economics; Inflation, my fellow cryptocurrency friends, is the outcome of more currency being added than new physical value being created.

We are products of our generation: we are so scared of inflation, having listened to (and misunderstood) Allan Greenspan in our childhoods that we see inflation in places where it isnt. Let's take the hypothesis that CGB's PoS reward goes to 100% (not what I am recommending BTW); IF this 100% PoS suddenly creates a wave of interest for CGB, and naturally more products and services will be added in the CGB economy along the way, then as a result of this the amount of CGB in existence will indeed double AND price will also GO UP (not down).

This is not inflation, as CGB has PLENTY of room to expand in our economy (200 000.$ vs trillions); its when it has no more room to expand while more CGB are created that will trigger inflation (unwanted loss of value or purchasing power of the indivudual unit).

I think, an acceptance has to be made that CGB is not yet failed, but is failing. If we keep things the same way, it will fail; so let's accept the fact that things have to change for success to happen.

Thanks for the clarification VonSpass, and I believe I know exactly what you are saying. This is why I put the qualifier "all other things being equal" in there. What you are getting at is that value has to be created to balance the monetary base expansion or inflation will be felt. This still does not explain how expanding the monetary base will attract newcomers. Buying a coin at the start of its life (and holding) is almost always a losing proposition as your investment is "inflated away" unless boatloads of cash continue to sail in to counter the creation of new units. The wave of interest you are talking about is investors who plan to get in early and dump out before the rest. That's interest, sure, but how does it build lasting value?

We have plenty of room to expand into the economy of course; cryptocurrencies are hardly known and yet badly needed. This expansion is exactly what the CryptoTown project is about. Creating new facets of the economy for CGB to be held in, new demand created through consultancy and advocacy. I am not convinced that printing more money will affect demand except to get the pump and dumpers back in the game for a little while. Change is important; I think we can all agree that adaptation is what will keep the ship afloat.

Sorry for putting you on the spot with my quote, Papersheepdog; I really appreciate your posts, they are always interesting, well phrased and intelligent. It's just that I see this inflation argument (without all other things being equal, mentioned) and I think it is this very fear that in the end will bring CGB down (if nothing is done about it).

What I am saying here is somehow people have to start beleiving in CGB, and investing in it.

Let's face it - the Reddit forum didnt help, the new website didnt help, the bimonthly meetings and updates (sometimes very light in actual content I must say) - all this did nothing to bring CGB up.

I would attack this on two fronts: 1) work hard at adding goods and services you can buy with CGB - and only CGB. these can be virtual (but prized nonetheless) assets. Create an online game, etc...

2) since talk doesnt help, let's bring back miners on board, this will help renew interest for CGB,

I would be interested to explore this option to its fullest. Lets talk PoW target expansion rate and change over time. ie. How long will it last? Let's ignore for now the potential to get our existing community and investors up in arms and try to focus on how this will bring more miners in and what this will do for us. As Killiz mentioned above, the miners would like to make a profit and usually do so by selling what they mine. This mining and selling will certainly bring attention to CGB, how much depends on how extreme the mining incentive is I would imagine.

Note that as soon as we do this we may trigger a race to the bottom where many investors see the incoming inflation and wish to get out and back in at a lower price. The miner who sells last in this environment might be selling at the lowest price. This game of chicken may quickly prove itself true as the first people start selling off. So how do we balance this out? By promoting CGB and having it accepted at multiple places. This is playing the role of a daily currency, which CGB may not do so well at. The idea is price stability for such a coin and its monetary base expansion should be countered by the adoption rate to maintain steady prices. In the case of CGB, however, we may need to totally take it from a "hard asset" into an inflationary coin to do so, assuming we can muster up the demand with the help of the mining frenzy.

The question in my mind would be, why don't we just create the demand? Without monetary base expansion, even the smallest bumps in demand may have a better chance at a real and sustained reflection in the price. Why is it necessary to give out more CGB to miners to accomplish this? I am having difficulty in translating monetary base expansion into adoption. If we can figure out how exactly, step by step, cause and effect, this happens, then we might be able to really consider such an action. We need details.

[IMZ]

Me busy wiv Directory. Will read this page later. (More merchants? Yes!! More merchants!!)

Check this out (it's here in Oz):

"Asset Hld Pty Ltd are a Bitcoin and Cryptocoin dedicated consulting firm of Accountants, Auditors, combided with software developers, business analyst and project managers working together for many years on payment, financial and security projects for clients located mainly is Australia. Fascinated by the vast business opportunities opened due to Bitcoin and the cryptocoin technology expansion, we study this technology and are able to offer you our expertise, deep technical hands-on experience in e-payment fields especially in Bitcoin and altcoin protocols. Do you need consultancy, advises in your project? Or you need somebody who will create a bespoken software that employs Bitcoin transactions? Or maybe you want to integrate your existing business with the Bitcoin world?"

Mark, Australia
04 399 58791

[elambert]

Guys, absolutely love the debate and idea sharing here! My opinion, we should stay true to our initial mission, values and code. I just had a look at coinmarketcap, you know that 3 of the top 10 market cap coins are not mineable - at all?

 I agree there is a place for highly inflationary coins, but there is also a place for the stable low inflation niche that CGB is creating. CGB was one of the first PoS coins, one of the first to implement the accelerated subsidy halving, one of the first to move to PoS as a higher payout than PoW. All coins (even Bitcoin) will at some point in their life cycle come to a cross road where they have to either move away from appeasing miners or change their code and word to their earlier adopters. We are just a trend setter here again.

CGB has, and in my opinion should continue to logically envision the path ahead and move proactively rather than in a reactionary manner.

[VonSpass]

Allow me to state my opinion about CB one last time. Please don't get me wrong, I really like the ideas behind CGB (scarcity, exclusivity, etc...); basic idea was RIGHT on. But it really seems like certain computer whizs and certain big egos make poor economists.

Please hear me out this last time, I really would like my CB holding to come back to a decent value.


1) I really do not understand the rational thinking behind CB admins hating mining so much. I have been owning some CGB for a long while, and most reward halving events were met with a price drop (and further loss of interest from community, eg: Memory coin, Dogecoin, etc...). I have seen this in many other Cryptos as well; it turns out reward halving of CGB was poorly designed and I suggest to bring mining back.


2) Now this PoS reward that CGB has, IMO, could easily be doubled, as it is way too low to stir any interest whatsoever, and "doubling" the PoS would still bring CGB nowhere near anything that would affect CB market price negatively.


Main thing however is not to lose track of the basic purpose of a currency: to buy things! I know this one is the hardest to tackle (the other two are just computer variables to adjust and a client update - no big deal), but people have to learn about CB and accept CB for goods and services. The first step in fixing this current undesireable situation is to bring the community back to this coin, by applying the hereby suggested first two steps.


So, I suggest bringing mining rewards back to competitive levels, and raising PoS reward as well; for God's sake bring back some excitement to this coin, it deserves it!

+1

IMO stake reward needs to be 100% pa at least for a year. Can be tapered after that , down to a 'normal'  inflation level after say, 5 years.

So lets say we put PoS to 100%. In one year, everyone has double the number of CGB and the price is half. Shouldn't there be some other mechanism in play here to actually bring new holders into the currency? How does doubling everyone's existing wallet size accomplish this? Simply the value will halve (all other things being equal).

If we were to go the PoW route, even doubling the current reward will not bring it anywhere close to the level of activity seen in the first pumps (which every currency goes through). This would also really tick off anyone who held the line at .001BTC as a volume of almost the entire currency supply changed hands. Do we tell them "sorry your coins are about to be diluted massively?"

This isn't about CGB admins allowing or not allowing something, don't forget that a hard fork has to be supported by the community or it will fall flat on its face. The economics are sound, but as you say, the understanding is limited. Rational discussion rules this ship, and ego has nothing to do with it. From the start this coin has been represented as a digital version of the fundamentals of gold. We cannot create gold out of thin air or mine it any faster than what its fundamentals allow, and therefore it makes little sense to take us drastically off course just to attract the pump and dump scene again. What will we do when this pump is over and we are right back where we started, discussing adding yet another mining phase? It doesn't seem like an actual solution.

CGB's utility will be in its fundamental properties which allow it to act as a more stable store of wealth as compared to other currencies. The fact that the awareness and actual use of cryptocurrencies doesn't yet exist to demand such a coin is the problem. We are actively pursuing real solutions to this by jump starting the use of cryptos such as CGB, on the ground. Real, organic, *USE* is what we can reasonably expect, will create the demand for not only CGB but other cryptos as well. This non-partisan approach is what will allow full cryptosphere participation.

Two things: backup one minute to the very misuderstood concept of inflation in cryptocurrencies.  " In one year, everyone has double the number of CGB and the price is half." this is what I mean by poor economics; Inflation, my fellow cryptocurrency friends, is the outcome of more currency being added than new physical value being created.

We are products of our generation: we are so scared of inflation, having listened to (and misunderstood) Allan Greenspan in our childhoods that we see inflation in places where it isnt. Let's take the hypothesis that CGB's PoS reward goes to 100% (not what I am recommending BTW); IF this 100% PoS suddenly creates a wave of interest for CGB, and naturally more products and services will be added in the CGB economy along the way, then as a result of this the amount of CGB in existence will indeed double AND price will also GO UP (not down).

This is not inflation, as CGB has PLENTY of room to expand in our economy (200 000.$ vs trillions); its when it has no more room to expand while more CGB are created that will trigger inflation (unwanted loss of value or purchasing power of the indivudual unit).

I think, an acceptance has to be made that CGB is not yet failed, but is failing. If we keep things the same way, it will fail; so let's accept the fact that things have to change for success to happen.

Thanks for the clarification VonSpass, and I believe I know exactly what you are saying. This is why I put the qualifier "all other things being equal" in there. What you are getting at is that value has to be created to balance the monetary base expansion or inflation will be felt. This still does not explain how expanding the monetary base will attract newcomers. Buying a coin at the start of its life (and holding) is almost always a losing proposition as your investment is "inflated away" unless boatloads of cash continue to sail in to counter the creation of new units. The wave of interest you are talking about is investors who plan to get in early and dump out before the rest. That's interest, sure, but how does it build lasting value?

We have plenty of room to expand into the economy of course; cryptocurrencies are hardly known and yet badly needed. This expansion is exactly what the CryptoTown project is about. Creating new facets of the economy for CGB to be held in, new demand created through consultancy and advocacy. I am not convinced that printing more money will affect demand except to get the pump and dumpers back in the game for a little while. Change is important; I think we can all agree that adaptation is what will keep the ship afloat.

Sorry for putting you on the spot with my quote, Papersheepdog; I really appreciate your posts, they are always interesting, well phrased and intelligent. It's just that I see this inflation argument (without all other things being equal, mentioned) and I think it is this very fear that in the end will bring CGB down (if nothing is done about it).

What I am saying here is somehow people have to start beleiving in CGB, and investing in it.

Let's face it - the Reddit forum didnt help, the new website didnt help, the bimonthly meetings and updates (sometimes very light in actual content I must say) - all this did nothing to bring CGB up.

I would attack this on two fronts: 1) work hard at adding goods and services you can buy with CGB - and only CGB. these can be virtual (but prized nonetheless) assets. Create an online game, etc...

2) since talk doesnt help, let's bring back miners on board, this will help renew interest for CGB,

I would be interested to explore this option to its fullest. Lets talk PoW target expansion rate and change over time. ie. How long will it last? Let's ignore for now the potential to get our existing community and investors up in arms and try to focus on how this will bring more miners in and what this will do for us. As Killiz mentioned above, the miners would like to make a profit and usually do so by selling what they mine. This mining and selling will certainly bring attention to CGB, how much depends on how extreme the mining incentive is I would imagine.

Note that as soon as we do this we may trigger a race to the bottom where many investors see the incoming inflation and wish to get out and back in at a lower price. The miner who sells last in this environment might be selling at the lowest price. This game of chicken may quickly prove itself true as the first people start selling off. So how do we balance this out? By promoting CGB and having it accepted at multiple places. This is playing the role of a daily currency, which CGB may not do so well at. The idea is price stability for such a coin and its monetary base expansion should be countered by the adoption rate to maintain steady prices. In the case of CGB, however, we may need to totally take it from a "hard asset" into an inflationary coin to do so, assuming we can muster up the demand with the help of the mining frenzy.

The question in my mind would be, why don't we just create the demand? Without monetary base expansion, even the smallest bumps in demand may have a better chance at a real and sustained reflection in the price. Why is it necessary to give out more CGB to miners to accomplish this? I am having difficulty in translating monetary base expansion into adoption. If we can figure out how exactly, step by step, cause and effect, this happens, then we might be able to really consider such an action. We need details.

By all means, I do not want to make this coin an "inflationary one" as elambert suggested I was describing here. But we now know from experience that the current setup does not work... we need to change something.


Let's go back to the initial idea behind CGB: the bottom line PoW reward we are seeing in CGB today was actually meant to still be worth a significant amount of value; because CGB's (dollar) value would have evolved and gone up so much. But here we are and this did not happen; big part of the blame for this goes to the multiple new altcoins that were created, and maybe the fact that CGB really did not really bring that much else new to the table when compared to say, the Litecoin. I'll get to PoS in a minute.

I suggest a flexible PoW baseline, adjusting according to market conditions rather than a fixed reward halving schedule. A flexible PoW that would supply the smallest possible amount of CGB possible while still making sure mining value competitiveness is maintained. As an example this flexible mining reward would presently be much higher because CGB is so low, but it would come down as CGB's price rebounded.

Bringing more miners back to CGB will create more people involved with it, evangilized,  preaching about it; CGB gets its community back.

Now yes, some miners will dump the coin; but not so fast Papersheepdog! There is an incentive to keeping the coin and that's PoS. At 1.3% however, there is NO incentive; but let's find a rate just high enough that would reward people enough so they would not dump CGB upon mining. This higher PoS would actually create a market demand for CGB; must I remind you that this demand is inexistant at this time.

This higher PoS, in fact, would finally allow CGB to achieve its main initial goal of 2013: to be an investor's coin, something to be treasured. That's what I liked about CGB.

[IMZ]

Been off the Net -- winter storms.

As both a noobie and a non-technical character, I shall speak only briefly:

my work in the last fourteen months has sent me through a wide range of communities, where I have been disgusted by the squabbling and lack of vision and endless electro-high-fiving.

And if I have chosen poorly -- if CGB is an unsound coin -- well then . . . bummer for all of us.

However, in respect of community insight and responsiveness, which I think is much under-rated, this community has, without a doubt, read my lips, immense potential.

Yes, we can and shall tinker; but the vision of CGB -- a coin with deep roots, one that can bear a 'superstructure' of projects driven by an extraordinary community -- is where I think the real potential lies.

Killiz, come to the workshop over at Reddit Got Crypto. We will help you with flyer-writing.

Mark Blair, Australia

[IMZ]

Just spent an hour looking at the 180-day charts on coinmarketcap.

BTC: dead flat
NXT: up about 300% (Go, IndiaMikeZulu -- we are primarily invested in Nxt!)

just a couple of others have fared okay: Doge, Counterparty

Otherwise . . . Infinitecoin, Feathercoin, YBcoin, XPM, Megacoin, Nova, World, Apple, Fedora, Noble, Copperlark, Bitbar, Franko, Diamond, Yacoin, BBQ are all down pretty much the same: about 70% to 90%

So, it seems our chances of re-establishing ourselves is every bit as good as most any other coin!!

Mark Blair, Australia

[BTCat]

I agree, most coins seem to be on a bottom and the CGB chart looks much the same as for example Novacoin. It says absolutely nothing about the quality of CGB and the low price is not a reason to conclude that 'things don't work'. In fact involvement of CGB investors has increased substantially in the last period. CGB has enough reasons to rise, one day 1 CGB could be US$100. If you think that's unrealistic then take a look how bitcoin grew from US$50 to US$1,000. When bitcoin made a top of US$50 no one expected it would go 20 times that price. CGB has been over US$5 and no one expects it to become US$100. It's really possible  

Some things that drew my attention to CGB:
- technically (close to) flawless
- gentle(wo)men at work, no yelling fanboys and shortterm hypers
- a sense of trust that investors won't get left in the dark, CGB is here to stay

Things like this make CGB a great candidate to receive substantial financial backing.

[Majormax]

Guys, absolutely love the debate and idea sharing here! My opinion, we should stay true to our initial mission, values and code. I just had a look at coinmarketcap, you know that 3 of the top 10 market cap coins are not mineable - at all?

 I agree there is a place for highly inflationary coins, but there is also a place for the stable low inflation niche that CGB is creating. CGB was one of the first PoS coins, one of the first to implement the accelerated subsidy halving, one of the first to move to PoS as a higher payout than PoW. All coins (even Bitcoin) will at some point in their life cycle come to a cross road where they have to either move away from appeasing miners or change their code and word to their earlier adopters. We are just a trend setter here again.

CGB has, and in my opinion should continue to logically envision the path ahead and move proactively rather than in a reactionary manner.

Yes, low inflation in PoS stake is a good way to instill confidence. The reason I am bandying around PoS figure like 100%, is because I see the effect , first hand, that a well constructed high stake has on the psychology of wallet holders (I have held most of the PoS coins from the earliest days).

High PoS creates :

1. The excitement for new buyers to enter the market (people like 'free' money, although we know of course that it is really not free)

2. The incentive for existing holders to keep their wallets open much longer, thus strengthening the network (compounding etc)

3. A way of returning some money to the nervous or impatient investors ..An apparent ROI, as some holders will gain confidence and comfort from being able to get a monetary return, whilst keeping their original stake. This is proven to work well throughout monetary history, like stock scrips, even though analytical holders know it is not a 'real' return.

4. A sense of constant activity as stake is received, preventing attention drifting away to newer coins.


A very high initial stake can be set to taper down to prudent maintenance levels after a few years, when the coin is established. The greatest risk for any young coin is death by global inattention, no matter how good its potential might be.

[VonSpass]

I agree, most coins seem to be on a bottom and the CGB chart looks much the same as for example Novacoin. It says absolutely nothing about the quality of CGB and the low price is not a reason to conclude that 'things don't work'. In fact involvement of CGB investors has increased substantially in the last period. CGB has enough reasons to rise, one day 1 CGB could be US$100. If you think that's unrealistic then take a look how bitcoin grew from US$50 to US$1,000. When bitcoin made a top of US$50 no one expected it would go 20 times that price. CGB has been over US$5 and no one expects it to become US$100. It's really possible  

Some things that drew my attention to CGB:
- technically (close to) flawless
- gentle(wo)men at work, no yelling fanboys and shortterm hypers
- a sense of trust that investors won't get left in the dark, CGB is here to stay

Things like this make CGB a great candidate to receive substantial financial backing.

In the eighties the Betamax standard was technically superior to VHS; VHS still prevailed.

Let's not do anything, and see how far CGB will go.

[papersheepdog]

I agree, most coins seem to be on a bottom and the CGB chart looks much the same as for example Novacoin. It says absolutely nothing about the quality of CGB and the low price is not a reason to conclude that 'things don't work'. In fact involvement of CGB investors has increased substantially in the last period. CGB has enough reasons to rise, one day 1 CGB could be US$100. If you think that's unrealistic then take a look how bitcoin grew from US$50 to US$1,000. When bitcoin made a top of US$50 no one expected it would go 20 times that price. CGB has been over US$5 and no one expects it to become US$100. It's really possible  

Some things that drew my attention to CGB:
- technically (close to) flawless
- gentle(wo)men at work, no yelling fanboys and shortterm hypers
- a sense of trust that investors won't get left in the dark, CGB is here to stay

Things like this make CGB a great candidate to receive substantial financial backing.

In the eighties the Betamax standard was technically superior to VHS; VHS still prevailed.

Let's not do anything, and see how far CGB will go.

Open discussion is certainly doing something. We are determining the most solid way to position CGB. All input thus far has been invaluable. I am on lunch right now, will see if I can kind of compile a kind of pro/con chart to help us out.