Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published

[malafaya]

Is it known when Vault Mobile will be online?
How can one know if the app is online or offline? Is there an indication?

Mobile is online now.

If it is offline, it will say "not connected" and the 'Send' button will be disabled.

Thanks for the reply.
I don't have a "not connected" message. I have a "Warning: Transaction list may not be accurate" or something like that.
As for the 'Send' button, I didn't get those bonus 10 coins, so my balance is zero. Sending is not allowed in either way.

[malafaya]

Is it known when Vault Mobile will be online?
How can one know if the app is online or offline? Is there an indication?

Mobile is online now.

If it is offline, it will say "not connected" and the 'Send' button will be disabled.

Thanks for the reply.
I don't have a "not connected" message. I have a "Warning: Transaction list may not be accurate" or something like that.
As for the 'Send' button, I didn't get those bonus 10 coins, so my balance is zero. Sending is not allowed in either way.

A new install with the latest version seems to have done trick. I now have 10 bulls pending network confirmations. Thanks.

[alibabacool]

Looks like there is problem with blockchain. Last block 1310273 (4,5 hours ago).

[VonSpass]

Looks like there is problem with blockchain. Last block 1310273 (4,5 hours ago).

Yes we are aware of this situation, and working on it...

[dexterw1n]

Looks like there is problem with blockchain. Last block 1310273 (4,5 hours ago).

Was coming here to say the same, but I see it's a known thing now. Mine has been behind since Monday, finally synched this morning, now it's back up to over 600 blocks behind.

[malafaya]

Looks like there is problem with blockchain. Last block 1310273 (4,5 hours ago).

Was coming here to say the same, but I see it's a known thing now. Mine has been behind since Monday, finally synched this morning, now it's back up to over 600 blocks behind.

If you are on block 1310273 then you are in sync. Those 600 blocks you mentiod are probably PoW blocks being generated by miners using old versions of the wallet and will be orphaned once the network resumes normal activity.

[elambert]

Looks like there is problem with blockchain. Last block 1310273 (4,5 hours ago).

Was coming here to say the same, but I see it's a known thing now. Mine has been behind since Monday, finally synched this morning, now it's back up to over 600 blocks behind.

Only v2.1.1 (protocol 60007) can connect to the correct chain, which at the moment is stalled.

[lab rat hoax]

on cryptsy it says " the wallet is currently in maintenance"                                       crap                 

[elambert]

on cryptsy it says " the wallet is currently in maintenance"                                       crap                 

The block chain is stalled atm. We are working on resolving and will have a new Vault ready shortly for release. Cryptsy will have to wait for our resolution before they can do anything on the network.

[lab rat hoax]

ok    thank you   

[BTCat]

I don't think withdrawals were working for cbx anyways, I've put a withdraw in for a tiny amount more than a week ago and still pending.

Anyone made a succesfull withdrawal past weeks?

[CapnBDL]

I don't think withdrawals were working for cbx anyways, I've put a withdraw in for a tiny amount more than a week ago and still pending.

Anyone made a succesfull withdrawal past weeks?

Yes....I withdrew just a few days ago from YoBit, but right now, the blockchain is stuck.

[elambert]

I don't think withdrawals were working for cbx anyways, I've put a withdraw in for a tiny amount more than a week ago and still pending.

Anyone made a succesfull withdrawal past weeks?

Yes....I withdrew just a few days ago from YoBit, but right now, the blockchain is stuck.

I believe he was referring to the Cryptsy specific discussion.

[CapnBDL]

Sorry...Cryptsy is a different animal altogether. Good Luck in that department.

[IMZ]

Our Tech Officer is gonna update Dummy Boy's CBX wallet next week. Today, busy following the China Thang.

Mark

[Frobisher]

Just from my perspective, who's been saving up CBX for six months on an unlocked vault and yet to see a single stake... this coin looks like its shot itself to death...
The blockchain is fkkd, won't sync up, and now I'm being told that I need to make like 7 different addresses on my vault for the PoS to work?
Just saying, its sounds like madness.

C'mon, if you can't get your basics down why bother with press releases on amazing new PoSP tech? This coin, imo, has become a broken mess.

[Telescopium]

Why did you decide that the low award POS will force users to keep their wallets to  running and maintain network? If the majority of users will only do so for a minimum income that these forks will continue indefinitely. In my opinion there is a direct correlation between the number of running wallets and POS reward.

If the coin is not managed to win a place in the market and the POS award is too small it is likely that it is waiting for a bad future.

[BTCat]

The reward has always been 1.5% stake and 0.5% for mining, now it's 2% only POS. If you could not stake for tech reasons then post your issue here and someone will assist.

This coin is not meant for people willing to earn big in a small timeframe. The marketprice would drop endlessly and all holders would lose. Instead CBX keeps inflation low which is much more interesting for longterm holders. I'm happy CBX has sticked to this since the start and all distribution has been most fair.

Since the 2% stake is now guaranteed over the total network, the people that are actively staking are now earning much more reward. If only 100,000 coins are being staked on the network then they would earn around 18% stake throughout the year (since the other 860,000 coins are not claiming theirs). Elambert made a post couple days ago that the reward is currently 12.12% yearly interest. The more people participate, the lower it will go. At the moment this coins is very interesting for staking and the reward likely won't drop soon below 5% on year basis.

I agree there shouldn't be too many updates and that basics should be in good shape. After a big release with many new functionality it can happen that corrections need to be made and the team can improve after reflection from the community.

Great time to be staking with PoSP!

Currently 16.5% of CBX in circulation are staking (last 1k blocks) so those who are staking now are earning at a projected yearly interest rate of around 12.12%!

And overall inflationary rate remains at a steady 2% per year.

So only 16.5% of all the coins are staking. That is 158.400 coins are earning 2% from the total (960,000 coins) which is 19,200 CBX.
19,200 / 158,400 = 0.1212 -> 12.12%

[Telescopium]

The reward has always been 1.5% stake and 0.5% for mining, now it's 2% only POS. If you could not stake for tech reasons then post your issue here and someone will assist.

This coin is not meant for people willing to earn big in a small timeframe. The marketprice would drop endlessly and all holders would lose. Instead CBX keeps inflation low which is much more interesting for longterm holders. I'm happy CBX has sticked to this since the start and all distribution has been most fair.

Since the 2% stake is now guaranteed over the total network, the people that are actively staking are now earning much more reward. If only 100,000 coins are being staked on the network then they would earn around 18% stake throughout the year (since the other 860,000 coins are not claiming theirs). Elambert made a post couple days ago that the reward is currently 12.12% yearly interest. The more people participate, the lower it will go. At the moment this coins is very interesting for staking and the reward likely won't drop soon below 5% on year basis.

I agree there shouldn't be too many updates and that basics should be in good shape. After a big release with many new functionality it can happen that corrections need to be made and the team can improve after reflection from the community.

Great time to be staking with PoSP!

Currently 16.5% of CBX in circulation are staking (last 1k blocks) so those who are staking now are earning at a projected yearly interest rate of around 12.12%!

And overall inflationary rate remains at a steady 2% per year.

So only 16.5% of all the coins are staking. That is 158.400 coins are earning 2% from the total (960,000 coins) which is 19,200 CBX.
19,200 / 158,400 = 0.1212 -> 12.12%

Thanks for the detailed information. but I see that now produced 968 000  CBX. This is 2.2% per annum + endless inflation.





I think that this valuable digital assets, inflation is unnecessary. It only devalues the concept of capital.

[BTCat]

Thanks for the detailed information. but I see that now produced 968 000  CBX. This is 2.2% per annum + endless inflation.




I think that this valuable digital assets, inflation is unnecessary. It only devalues the concept of capital.

You are right, I did not look up the exact number. The yearly inflation will still be at 2% of those 968,000, so that's maximum.

But I don't understand why in one post you say a low POS reward is bad and in the other that inflation is not necessary.
Every reward from either mining or staking will add more coins in existence so it's unavoidable.