Historic Cryptogenic Bullion thread - CLOSED

[coininvestor]

Please read. This can be really great for CGB.

"NXT Decentralized Exchange Launches With BTC and LTC.

The CoinAssets, as they are called, can be traded on the NXT asset exchange with other users, without the need to trust those users, and can be traded out for actual coins at any time.

The developers stressed to me that they are looking at other communities and stated that they are willing to help nearly any coin that wants to utilize the technology.

I was given a list of coins that could support the asset exchange almost immediately, they include:  BTC*, LTC*, DRK*, DOGE, CGB .... "

http://cointelegraph.com/news/112175/nxt-decentralized-exchange-launches-with-btc-and-ltc

Agreed.  It seems to me at this point in history, that as a community, we should be honest with ourselves about the future of CGB.   The fundamentals are there but the price continues to fall.  Why?  My theory is because we have low trade volume.  The Crypto-trade thing is great for us but I fear that it's not enough to have a huge difference to our marketcap.  Crypto-Trade is a great exchange but they have a low trade volume so I don't see it making a huge difference to us.  Most coins on that site are dying a slow death and they all trade for BTC which its self is a huge centralized dinosaur at this point in time IMO.  Conventional exchanges are sooo 2013.  They are not safe and they break down all the time.  Don't get me wrong the CGB/USD is invaluable but like I say it's not enough to save us at this point in time.   Lets not kid ourselves.  All cryptocurrencies are experimental and it is difficult to achieve the right balance.  Most are failing and at this point I think we could go either way.  I think we are learning from experience that a high market cap is not compatible with low trade volume.   Recognizing that CGB is a currency to "store" wealth,  I also think we should do everything we can to encourage trading.  Most coins fail because they are not spread thin enough.  If 100 people each have 10,000 coins, where are you going with that?    Nobody is going to pay up to get one coin.  The successful CGB is 1 million people each with one coin.  The previous poster who mentioned the Multigateway decentralized trading built into the NXT platform is absolutely correct.  Decentralized trading from the client is where this is all heading.   The market is declaring that NXT or some variation on that is the future, like it or not, and CGB needs to be a part of that sooner rather than later so that we can boost trading volume.  My 2 CGB's worth. 

[Timelord2067]

Bleu Trade have added CGB to their voting page https://bleutrade.com/home/2129 voting costs 0.0001 per vote, so you'll have to weigh voting against how much trade will occur on the site given they remove coins for a lack of or low activity.

Having said that, I won't be plugging the exchange here again - over on the DMD page Poop-Shoot berated me for my "agresive" 4 line posting then his off-sider on the admin posted a full page add for a rival exchange, so well played people, well played.

Having said all that, am still in "hold" mode for CGB on my own supply. (and buy if you don't have enough already)

[IMZ]

Well said, Coininvestor -- you can't deal with a problem until you admit it's a problem. I am a noobie to CGB -- but not to cryptos (and not to the problems of libertarian political movements!!!).

I recall that the Yacoin community (for all their other faults {imho} . . . ) would worry a posted problem like a dog with a bone. I find myself frustrated to see disparate posts, rather than to-and-fro discussion, especially against a background of a small group of the community working very very hard to keep the ball rolling.

The inherent low volume of trade is a serious publicity problem, **given the values of the crypto community.** Therefore, we must **call out** all CGB-ers to address this problem. **Full stop. Next question.**

I shall stick to CGB. I like the community. I think a 'home coin' is a good and necessary thing -- but Coininvestor has said it aloud . . .

Mark, Australia

[corather]

Please read. This can be really great for CGB.

"NXT Decentralized Exchange Launches With BTC and LTC.

The CoinAssets, as they are called, can be traded on the NXT asset exchange with other users, without the need to trust those users, and can be traded out for actual coins at any time.

The developers stressed to me that they are looking at other communities and stated that they are willing to help nearly any coin that wants to utilize the technology.

I was given a list of coins that could support the asset exchange almost immediately, they include:  BTC*, LTC*, DRK*, DOGE, CGB .... "

http://cointelegraph.com/news/112175/nxt-decentralized-exchange-launches-with-btc-and-ltc

Agreed.  It seems to me at this point in history, that as a community, we should be honest with ourselves about the future of CGB.   The fundamentals are there but the price continues to fall.  Why?  My theory is because we have low trade volume.  The Crypto-trade thing is great for us but I fear that it's not enough to have a huge difference to our marketcap.  Crypto-Trade is a great exchange but they have a low trade volume so I don't see it making a huge difference to us.  Most coins on that site are dying a slow death and they all trade for BTC which its self is a huge centralized dinosaur at this point in time IMO.  Conventional exchanges are sooo 2013.  They are not safe and they break down all the time.  Don't get me wrong the CGB/USD is invaluable but like I say it's not enough to save us at this point in time.   Lets not kid ourselves.  All cryptocurrencies are experimental and it is difficult to achieve the right balance.  Most are failing and at this point I think we could go either way.  I think we are learning from experience that a high market cap is not compatible with low trade volume.   Recognizing that CGB is a currency to "store" wealth,  I also think we should do everything we can to encourage trading.  Most coins fail because they are not spread thin enough.  If 100 people each have 10,000 coins, where are you going with that?    Nobody is going to pay up to get one coin.  The successful CGB is 1 million people each with one coin.  The previous poster who mentioned the Multigateway decentralized trading built into the NXT platform is absolutely correct.  Decentralized trading from the client is where this is all heading.   The market is declaring that NXT or some variation on that is the future, like it or not, and CGB needs to be a part of that sooner rather than later so that we can boost trading volume.  My 2 CGB's worth. 

I think in order for CGB to thrive it needs to be marketed for what it's developed for. It's supposed to be a store of value, a tool to smooth out the fluctuations of bitcoin and create a "safe haven" for your digital investment. If you want to see CGB succeed, begin marketing it to coinbase for example as a store for their digital assets. This coin needs huge volume from large investors because that's who it's targeted too.

[IMZ]

http://altcoinherald.com/ecuador-going-release-altcoin/

'most analysts indicate that Ecuador is running out of cash and will use the cryptocurrency to pay bills.'

I have been waiting for this. It is pure and unadulterated 'quantitative easing' -- and Consultancy Coin community members could gain real leverage by demonstrating a sharp grasp of the politics of centralisation/libertarianism. A new binary is in creation: 'real' cryptos and Guvvy Coins.

Mark (IndiaMikeZulu), Australia

[elambert]

Please read. This can be really great for CGB.

"NXT Decentralized Exchange Launches With BTC and LTC.

The CoinAssets, as they are called, can be traded on the NXT asset exchange with other users, without the need to trust those users, and can be traded out for actual coins at any time.

The developers stressed to me that they are looking at other communities and stated that they are willing to help nearly any coin that wants to utilize the technology.

I was given a list of coins that could support the asset exchange almost immediately, they include:  BTC*, LTC*, DRK*, DOGE, CGB .... "

http://cointelegraph.com/news/112175/nxt-decentralized-exchange-launches-with-btc-and-ltc

Agreed.  It seems to me at this point in history, that as a community, we should be honest with ourselves about the future of CGB.   The fundamentals are there but the price continues to fall.  Why?  My theory is because we have low trade volume.  The Crypto-trade thing is great for us but I fear that it's not enough to have a huge difference to our marketcap.  Crypto-Trade is a great exchange but they have a low trade volume so I don't see it making a huge difference to us.  Most coins on that site are dying a slow death and they all trade for BTC which its self is a huge centralized dinosaur at this point in time IMO.  Conventional exchanges are sooo 2013.  They are not safe and they break down all the time.  Don't get me wrong the CGB/USD is invaluable but like I say it's not enough to save us at this point in time.   Lets not kid ourselves.  All cryptocurrencies are experimental and it is difficult to achieve the right balance.  Most are failing and at this point I think we could go either way.  I think we are learning from experience that a high market cap is not compatible with low trade volume.   Recognizing that CGB is a currency to "store" wealth,  I also think we should do everything we can to encourage trading.  Most coins fail because they are not spread thin enough.  If 100 people each have 10,000 coins, where are you going with that?    Nobody is going to pay up to get one coin.  The successful CGB is 1 million people each with one coin.  The previous poster who mentioned the Multigateway decentralized trading built into the NXT platform is absolutely correct.  Decentralized trading from the client is where this is all heading.   The market is declaring that NXT or some variation on that is the future, like it or not, and CGB needs to be a part of that sooner rather than later so that we can boost trading volume.  My 2 CGB's worth. 

I think in order for CGB to thrive it needs to be marketed for what it's developed for. It's supposed to be a store of value, a tool to smooth out the fluctuations of bitcoin and create a "safe haven" for your digital investment. If you want to see CGB succeed, begin marketing it to coinbase for example as a store for their digital assets. This coin needs huge volume from large investors because that's who it's targeted too.

I agree with this. Our most recent marketing campaign launched via the cover article on Crypto Biz magazine is a move in this direction; which we fully intend to continue. Ideas and assistance are of course welcomed and appreciated.

We are simultaneously working behind the scenes on the evolution of the client scheduled for release mid-September.

I suspect things will hit a turning point and turn rather quickly. Hard to predict when this will happen but with the current market cap and CGB's coin fundamentals, a snow ball effect could trigger rather easily when some bigger players start to adopt CGB.

[MadGhost]

CGB now trading at Crypto-Trade with BTC AND USD trade pairs!

Great working from the community supporting this!

Enjoy!

yeah that is a good news and now the trading pair will support the coin to more levels.

[BTCat]

Write something here pls  

Best Altcoin to invest in for 2015

https://bitcointalk.org/index.php?topic=727004.0

[tspacepilot]

I agree with coininvestor and elambert.  I think another part of the problem is that altcoins in general are starting to turn people off because there has been such huge flood of copy-paste coins du jour which end up just being short term pump-n-dump schemes.  The fact that CGB was around before all this nonsense obviously is a good point for it, but I think that all altcoins are suffering from a perception problem at the moment---the good ones and the bad ones.

Basically, IMHO, the altcoin market is going to crash, I think.  There may be a handful of altcoins which survive this but I think there won't be more than a handful.  The real question is if CGB is going to be in that handful.

[BTCat]

I think it's a little too dramatic, there's a lot of money flowing into crypto's, Cryptsy site went from 2,000 to over 200,000 trader accounts in a year time. CGB was there at the start of this immense growth. I will keep faith in the coins I choose to hold and CGB is one of those. To me it seems as a long bottomingproces until there is no one left willing to sell. The buyers are stalking possible sellers into selling as cheap as possible, so far they still succeed on low volume but if someone wants to gather a large amount he needs to put more money on the table and the price can rise again. I'm still buying small amounts of CGB to improve average.  

[IMZ]

Is money flowing into cryptos?

# Bitcoin's 'inflexion point' was in early April -- money has begun 're-flowing' into BTC.

# Venture Capital is flowing into BTC (et al.)

# new coins (with breathtaking arrays of features) can and are attracting capital from other (older, less feature-rich) coins.

# but some coins have held their own:

YBcoin: http://coinmarketcap.com/currencies/ybcoin/
Nxt: http://coinmarketcap.com/currencies/nxt/
Unobtainium:
http://coinmarketcap.com/currencies/unobtanium/

# conversely, some one-year-olds have weakened more than others since BTC's  turning-point:
Franko:
http://coinmarketcap.com/currencies/franko/#charts
Yacoin:
http://coinmarketcap.com/currencies/yacoin/#charts
CGB:
http://coinmarketcap.com/currencies/cryptogenic-bullion/#charts

Guys, my computer skills are worse than poor, they're awful. I am a retired academic/activist with a background in libertarian politics, evolutionary psychology, 'structuralism,' etc.

The fundamental problem here is clear enough to me.

m.j.blair
.60
@
gmail.com

Mark, Australia

[elambert]

Is money flowing into cryptos?

# Bitcoin's 'inflexion point' was in early April -- money has begun 're-flowing' into BTC.

# Venture Capital is flowing into BTC (et al.)

# new coins (with breathtaking arrays of features) can and are attracting capital from other (older, less feature-rich) coins.

# but some coins have held their own:

YBcoin: http://coinmarketcap.com/currencies/ybcoin/
Nxt: http://coinmarketcap.com/currencies/nxt/
Unobtainium:
http://coinmarketcap.com/currencies/unobtanium/

# conversely, some one-year-olds have weakened more than others since BTC's  turning-point:
Franko:
http://coinmarketcap.com/currencies/franko/#charts
Yacoin:
http://coinmarketcap.com/currencies/yacoin/#charts
CGB:
http://coinmarketcap.com/currencies/cryptogenic-bullion/#charts

Guys, my computer skills are worse than poor, they're awful. I am a retired academic/activist with a background in libertarian politics, evolutionary psychology, 'structuralism,' etc.

The fundamental problem here is clear enough to me.

m.j.blair
.60
@
gmail.com

Mark, Australia

Mark,
Sorry, I must be missing something here. Can you please clarify what you feel is the fundamental problem?

[patmast3r]

Mark,
Sorry, I must be missing something here. Can you please clarify what you feel is the fundamental problem?

I think he means to say "dinosaurs will die".
CGB has little to offer over other coins especially compared to new coins. There is no real reason to store value in CGB. In fact there's a good reason not to - CGB has been nothing but falling in value no matter how the crypto landscape was doing in general. To anyone that isn't watching this thread it looks dead. It's almost funny - any other coin would have seen a significant rise in value if they had been on a magazines cover yet CGB somehow managed to fall even lower.

Why on earth would anyone want to sotre his value in CGB ? Can anyone here answer this question ?

I still have some CGB and I wish I was wrong and CGB would rise in value once again but I'm afraid we've seen the heights.

[IMZ]

http://indiamikezulu.com.au/414/for-the-cgb-ers/

Mark, Australia

[papersheepdog]

First, I have been neglecting my weekly update duties. The next post may reveal the reason why. I had a very tight schedule to produce it and have required rest since. Hopefully you will all understand. I will be on vacation for a couple weeks, checking in, but the team will be adding the update posts to their workload. I have conveyed a preference for titling it "CGB Cote Team and Community Update" as the weekly timeline thing doesn't work so well when there are ups and downs and busy schedules interfere.

http://indiamikezulu.com.au/414/for-the-cgb-ers/

Mark, Australia

we greatly increase the value of a transactional instrument by deeming it to be a non-transactional, which excuses us of most of the leg-work. Then we just sit and wait until They figure it out, and hand their money over. [It's happened once; it must happen again.]

This is great fundamental analysis Mark. Hope doesn't do much. We have to actually wonder who it is exactly who is going to start using this if the awareness is not created.

Regarding what makes CGB valuable, we have beaten the horse dead as far as what makes CGB unique (in important ways). Mark is right to point out the critical path here. I would suggest that we look exactly to the history of gold and how it was adopted (or how we think it would be). We better quickly realize that it was used in coinage along with silver in pseudo standard sizes to facilitate trade. CGB right now is like gold nuggets and flakes. Many other coins are figuring out how to better interact with the network. I would only bother looking to Bitcoin for the potential. We may be conflating ease of use with ease of spending. Ease of use is critically important, though certainly gold is used as a currency throughout history.

An update will be coming along shortly regarding the CGB client specifically. To get a bigger picture of what CGB is bringing to the table and what will raise awareness about it, check out the theory we're operating on. I suspect its a bit higher level than most. The advantages of this may be underestimated.

And because I cant help it:

This is a preview, vault motif in the works. We are looking at September for release, still much to do.

[papersheepdog]

Blockchain-Based Consensus in a CryptoTown Society

Originally published to CryptoBiz Magazine August 2014 Issue pg. 30. (32-33 in viewer)

Please also see the Reddit post for further discussion.

This version is the final draft. They may have edited it but I don't have a text copy of that.

The implications of blockchain based consensus reach far beyond the integrity of our currencies. Individuals have never had the ability to independently verify the integrity of the information networks and hierarchies that compose their society. Even further still, we have never had a viable alternative to the profit motive, which is based on the consume and multiply model seen throughout nature. Technology threatens to put an end to scarcity at the same time our civilization careens toward the end of a parabolic rise in resource exploitation. Blockchain technology allows for the cooperation required to transition our society from the destructive motivation of profit, to those of human needs and sustainability.

This awakening may be put into context by studying the different ways in which we have shared information in the past. Spoken language has a limited proximity and spreads slowly while residing in the volatile minds of our early ancestors. Written language provided reliable storage and the geographical reach to enable expansive societies. The invention of the printing press brought broadcast media, capturing the knowledge of the world to book and leading us to the radio and television. The Internet brought us instant worldwide interactivity and collaboration between participants. With each revolution, the amount of information available to each individual has exploded.

The kind of information shared within and amongst societies ranges from cultural ideas to financial accounting and ownership. Access to and control of such information has been traditionally trusted to hierarchical institutions such as government, corporate media and central bank. This system ultimately relies on individual human trust, which is the reason that our exploits manifest themselves in the direction of our civilization. Blockchain based consensus allows us to construct and voluntarily participate in systems of rules designed to augment or replace critical points of trust within all levels of society.

The CryptoTown On The Ground project was launched to encourage collaboration between crypto pioneers, development talent, and expert guidance on the critical path toward mainstream adoption of crypto. A grassroots approach acknowledges that existing institutions are ultimately motivated to create scarcity and dependence and will not help us. Independence is achieved through the cryptomall model of local support networks and the the continual refinement of tools and methods employed. Although most of the crypto crowd is currently focused on cryptocurrencies, they are just a part of the global shift towards decentralization in which new elements of society are emerging from cryptographically secured trust.

The process of decentralization is like a swinging pendulum finding balance between hierarchies and networks. Some things may transition to a network model of cooperation like cryptocurrency, yet we may still try to pass the responsibility of protecting our private keys to centralized exchanges and wallet services. Throughout history we have tried many methods of societal organization, but until now, every facet has been subject to the exploitation of human trust. The profit motive, enshrined to law, is a cultural relic of an environment of scarcity and exploitation where technology now threatens sustainability and abundance. Crypto may help to form the bridge between a civilization forged in the fires of scarcity, to one ultimately motivated by human needs and sustainability.

We may gather insights about how the profit motive emerges from more fundamental trends by examining the diversity of life on planet Earth. In the absence of a natural predator, we can observe the exponential growth of a species, and the collapse of its underlying resources. When the underlying motive for each individual is profit and growth, the end result is a catastrophic depletion of carrying capacity. The exploitation of every last opportunity fuels a pervasive resistance to obsolescence, resulting in artificial scarcity and an obsessive aversion to solving problems. Institutional hierarchies built of human trust may feel threatened by the prospect of transparency, where exploitation of opportunities for personal gain may be the glue of the operation.

Real-time global interaction of culture and ideas, coupled with the authentic persistance of the blockchain provides individuals with equal access to the vast structures of society. As we develop the ability to interact directly with the uncensored contours of our collective will, wild phenomena such as the blockchain itself may emerge. Manipulation-free access to our peers may awaken a new consciousness which is aware of The Game, and may cooperate to become self-sustainable,

We are born innocent and taught by society how to react to each situation with programmed aversions and desires. We each believe most strongly in our own experience of what constitutes a normal society and culture. Awareness of this programming is required to transcend the fearful grouping and exploitation behaviors of a system that has nearly run its course. If we are to believe that currency is the most potent blockchain application, we may overlook the possibility of obsoleting the very concept of money and economics.

[BTCat]

CGB needs more teamwork and the focus should be on how we're gonna get support from larger investors.
There are plenty investors interested in pennystocks and CGB fits that category. Be a 'wolf of wallstreet' and start pushing CGB's into world of finance, forex, stockexchanges, etc.
If you haven't seen the movie you really should (http://www.imdb.com/title/tt0993846/). And apply it to CGB.
I see some come here to complain but then tell me what have you done yourself to attract new investors. We need more action, stop relying on others to make the efforts, I keep telling to do something for your coin to add value instead of highlighting negatives on the forum and perhaps even take away value. Make contact with potential new investors and tell them why it is a good investment right now. CGB has plenty to offer and it's exceptionally rare. Besides due to the low inflationrate there is a large chance that all the cheap coins will be soaked up by new interested people and in the end it will cause the price to rise. Whether you will be part of this is for you to decide.  

One last, if you happen to be not too skeptical or have interest in brainwaves:
Motivational and positive thinking Binaural Beats: https://www.youtube.com/watch?v=jxfHNaqpFFg
(listen at your own risk, if you're not used to it not too long or too loud, it's magic)

[elambert]

CGB Core Team Update - August 10, 2014

Please also see the Reddit post for further discussion.

Greetings to the CGB family! Just wanted to take a few moments to update the community on recent activity. There has been a period of stagnancy and downward price movement with crypto-currencies of late and some are feeling doubt of an uncertain future. Regulatory measures are a hot button topic and clarity on what this means will take time to be defined. Regardless of these extenuating circumstances, the CGB Core Team and community will continue to march ahead and work to create this future rather than let sit idly and let it define us.  

First a few updates:

-   New CGB client ‘Vault 2.0’ is in development with a tentative release date of mid-September. The Vault 2.0 will include a redesigned GUI, Coin Control, QR codes, unlock for staking button, network statistics, fully implemented multisig and some other surprises. Here is a quick teaser screenshot, but this is an early draft.

-   The language on the CGB website and announcement thread on Bitcointalk have been edited to reflect that the baseline mining reward has been reached after a year of fair distribution, the annual inflation target of 2% maximum is now locked in! Also a site-wide announcement has been added to the website to draw attention to this investment friendly condition.

-   The CGB Core Team was interviewed by BITCOINIST.NET’s Nigel Dollentas. Have a read here!

-   An exciting achievement was made recently by the IMZ team in putting CGB to real world face to face use! Excellent work and dedication being exemplified – this is the kind of activity that the CryptoTown on the Ground project was born from and will continue to grow from. Great work IMZ team!

-   CGB was added to an exclusive list of only 9 coins on a unique new exchange currently in beta, Cryptilla! Read more about the team behind Cryptilla here.

-   The CGB community recently demonstrated some of its abilities by coming together and getting CGB added to the Crypto-Trade exchange! Crypto-Trade was targeted as a goal for having CGB added due to their impressive list of features including USD pairing! They have stood the test of time in the crypto-currency 'Wild West' and are an excellent alternative for buying and selling CGB, via crypto or fiat. Excellent work by the community as a whole!

-       An interesting thread started by BTCCat. Stop by and chime in on your opinion of the Best Altcoin to invest in for 2015.

In related news:

-   The August 2014 Issue of CryptoBiz Magazine has been released! Excellent work by the CryptoBiz team! Check out the thought provoking literary masterpiece authored by one of our own - pg. 30. (32-33 in viewer)! Also, see the CGB advertising banner on the CryptoBiz site!

Moving forward:

-   Excellent discussion ongoing in the CGB community with regard to encouraging 'real-world-use' adoption of CGB! The community has some CryptoTown 'nodes' being established and developed in local communities. These essentially involve an individual taking the initiative, rolling up their sleeves and hitting their local points of commerce to promote CGB and other crypto-currencies. If you are looking to get started in your local community but don't know where to start, please inquire right here or over at Reddit. Of course sharing your experience, obstacles and achievements is welcomed!

-   The suggestion has also been made regarding focusing on advertising CGB to the larger professional investment community. So much of what we are relaying is confined to the very small niche community of crypto-currency enthusiasts. An overwhelming majority of this community is composed of those with a more short-term mentality of mine and dump or pump and dump for a quick profit. Obviously this is not the type CGB is targeted for by design, although they should be careful to invest some of their equity into a long term investment strategy. This targeted advertising has actually begun with our most recent campaign launched via our cover story on the July issue of CryptoBiz Magazine.

The CGB Core Team

[IMZ]

Btcat

binaural beats came up in my study of lucid dreaming. Makes sense. I would like to try them.

Mark, Australia

[BTCat]

Btcat

binaural beats came up in my study of lucid dreaming. Makes sense. I would like to try them.

Mark, Australia

Great Mark. I've had my fair share of practices, just discovered binaurals half a year ago so doing some experimenting also for dreams sometimes. They really work for me, there's hundreds on youtube 

Thanks for the fantastic update. It looks as a lot of new interesting features are coming to us in september and that's really great. 

For the CGB website I'd like to propose an idea for some free advertising for CGB investors. A page for banners from crypto-related products or services. For example set a minimum amount of CGB's to hold for a free spot, perhaps a good incentive for a business to get involved. And ofcourse for CGB good to be related to good businesses. Ofcourse a paid banner can be optional too to raise some funds or exchange banners with other sites.