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Author Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published  (Read 336190 times)
Telescopium
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January 08, 2016, 10:25:24 AM
 #1161

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.

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January 08, 2016, 10:38:50 AM
 #1162

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.



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cryptobullion.io
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January 08, 2016, 11:11:59 AM
 #1163

Vault v2.2 RELEASED!!!

Includes:
- Improved staking
- Consolidation of inputs after stake
- New protection for when a block come from past
- Addnode command has been added to the rpc
- Transactions list order fixed
- Splash screen does not stay in "front" for launch

http://cryptobullion.io/storage-use/

Apologies for the downtime and thank you all for the support and patience. We have embarked in uncharted territory so sometimes the path can get a little more difficult, but we will of course persevere and continue to innovate and improve.


Thanks guys!


Telescopium
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Diamond good coin


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January 08, 2016, 11:20:00 AM
 #1164

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.

Well, I'll try to explain it

High income POS is good when the coin is in the process of market penetration. If at the time a significant reduction this coin rewards will not be able to take a strong position in this market, it remains the only chance to keep her from falling is to buy back all the coins and distribute them among the strong owners. But in this case, you will have a problem of the constant inflation. Who needs a digital asset that depreciates with time?
If you've heard about the coin called freicoin



they have driven inflation to the point of absurdity. Ie destroy your coins if they are in your wallet over time. It was quite an interesting position aimed at what would have been  to spend the coins but not make a stockpile. but as you can see on the site http://coinmarketcap.com/all/views/all/ their noble idea failed miserably. Such a fair coins was  not interesting. So it's not difficult to draw conclusions from this scheme

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January 08, 2016, 11:27:50 AM
Last edit: January 08, 2016, 11:46:11 AM by elambert
 #1165

Vault v2.2 RELEASED!!!

Includes:
- Improved staking
- Consolidation of inputs after stake
- New protection for when a block come from past
- Addnode command has been added to the rpc
- Transactions list order fixed
- Splash screen does not stay in "front" for launch

http://cryptobullion.io/storage-use/

Apologies for the downtime and thank you all for the support and patience. We have embarked in uncharted territory so sometimes the path can get a little more difficult, but we will of course persevere and continue to innovate and improve.


Thanks guys!



Please update to 2.2 and help spread the word for others to do the same. Our explorer should be updated shortly. Banx has been notified to do so as well...

ByronP
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January 08, 2016, 12:36:00 PM
 #1166

Great job CBX team!
lab rat hoax
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January 08, 2016, 01:48:21 PM
 #1167

....... Or what about having a cap instead
of unlimited inflation?  Or kinda like friecoin, an interest rate that resembles a nuclear half life ?

Just an idea
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January 08, 2016, 02:29:57 PM
 #1168

Quote
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.



I don't quite understand why you diamond guys keep trolling in this thread...
Other than both being crypto-currencies, CBX and your coin are not even targeted for the same audience.

CBX is targeted for long term investors looking for a low inflation, interest bearing store of wealth. 2% annual inflation is paid out as interest directly to holders of CBX who participate in securing the network and processing transactions. CBX also has removed itself from the movement towards centralization that comes along with the mining arms race that PoW has become. We are pure PoS and give the power of earning interest and participating in the network to all - true decentralization.

DMD is an unsustainable 50% per year inflation freight train speeding to a bubble explosion. You guys have plenty to worry about on the home front before coming over here and giving us guidance lol.

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January 08, 2016, 03:14:02 PM
 #1169

Nice update CBX team  Grin - staking away now  Smiley

FR

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Telescopium
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January 08, 2016, 03:17:27 PM
Last edit: January 08, 2016, 03:28:22 PM by Telescopium
 #1170


I don't quite understand why you diamond guys keep trolling in this thread...
Other than both being crypto-currencies, CBX and your coin are not even targeted for the same audience.

CBX is targeted for long term investors looking for a low inflation, interest bearing store of wealth. 2% annual inflation is paid out as interest directly to holders of CBX who participate in securing the network and processing transactions. CBX also has removed itself from the movement towards centralization that comes along with the mining arms race that PoW has become. We are pure PoS and give the power of earning interest and participating in the network to all - true decentralization.

DMD is an unsustainable 50% per year inflation freight train speeding to a bubble explosion. You guys have plenty to worry about on the home front before coming over here and giving us guidance lol.


Trolling? I thought that there we really discussed important issues of concern to investors. But now I see that your answer suggests that the constructive dialogue makes you feel resentment and aggression.  Shocked Sorry to hear that. I found what I wanted and now I can see that there are some questions to which you are not able to give answers  Huh
If we talk about the bubble is sufficient to look at the history coins and graphics.



Users themselves will draw conclusions. Good luck in search of new naive users who act thoughtlessly

More You  do not bother about me.

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January 08, 2016, 03:40:32 PM
 #1171

Vault v2.2 Mac OS build now available
http://cryptobullion.io/storage-use/

Cheers

Alex4J
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January 08, 2016, 03:46:33 PM
 #1172


I don't quite understand why you diamond guys keep trolling in this thread...
Other than both being crypto-currencies, CBX and your coin are not even targeted for the same audience.

CBX is targeted for long term investors looking for a low inflation, interest bearing store of wealth. 2% annual inflation is paid out as interest directly to holders of CBX who participate in securing the network and processing transactions. CBX also has removed itself from the movement towards centralization that comes along with the mining arms race that PoW has become. We are pure PoS and give the power of earning interest and participating in the network to all - true decentralization.

DMD is an unsustainable 50% per year inflation freight train speeding to a bubble explosion. You guys have plenty to worry about on the home front before coming over here and giving us guidance lol.


Trolling? I thought that there we really discussed important issues of concern to investors. But now I see that your answer suggests that the constructive dialogue makes you feel resentment and aggression.  Shocked Sorry to hear that. I found what I wanted and now I can see that there are some questions to which you are not able to give answers  Huh
If we talk about the bubble is sufficient to look at the history coins and graphics.



Users themselves will draw conclusions. Good luck in search of new naive users who act thoughtlessly

More You  do not bother about me.
Simply by looking your block history we know why OP of DMD create this account, i think trolling is a good description

CBX Dev Donate: 5oS6SK8411DUdxritrohRW96rZmHC9DX7d
FiniteRed
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January 08, 2016, 04:42:20 PM
 #1173

https://chainz.cryptoid.info/cbx/address.dws?5boGdjybbFLAU26po3AyMF461quuuojBAX.htm

This wallet has 42 CGB in it but is staking every few seconds? That's a bit odd...

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January 08, 2016, 04:43:43 PM
 #1174

....... Or what about having a cap instead
of unlimited inflation?  Or kinda like friecoin, an interest rate that resembles a nuclear half life ?

Just an idea

got any number projections given the current schedule?
say #coins 2020, 2025, 2050

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Revolutionized.  ──


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elambert
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January 08, 2016, 04:59:54 PM
 #1175

https://chainz.cryptoid.info/cbx/address.dws?5boGdjybbFLAU26po3AyMF461quuuojBAX.htm

This wallet has 42 CGB in it but is staking every few seconds? That's a bit odd...

This is due to the difficulty being low right now.

v2.2 was a kickstart to get things moving again with the blockchain but a couple other tweaks are necessary.

We are working on v2.3 now for a final hardfork to iron out the new implementations bugs.

Release will be available shortly.

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January 08, 2016, 06:00:01 PM
 #1176

Vault v2.3 is ready for download now. This is the final required solution to the block chain issues experienced. Previous Vaults and protocols will be rejected. Hard fork will occur Sat, 09 Jan 2016 04:55:00 GMT

http://cryptobullion.io/storage-use/

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January 08, 2016, 06:38:50 PM
 #1177

Vault v2.3 is ready for download now. This is the final required solution to the block chain issues experienced. Previous Vaults and protocols will be rejected. Hard fork will occur Sat, 09 Jan 2016 04:55:00 GMT

http://cryptobullion.io/storage-use/

v2.3 running, seems that's got it!

18:30:11
getdifficulty

18:30:12
{
"proof-of-work" : 48.33048138,
"PoSP" : 0.00529092,
"search-interval" : 2
}

18:30:45
getdifficulty

18:30:46
{
"proof-of-work" : 48.33048138,
"PoSP" : 0.04820161,
"search-interval" : 1
}

18:31:30
getdifficulty

18:31:31
{
"proof-of-work" : 48.33048138,
"PoSP" : 0.00401166,
"search-interval" : 1
}

18:32:26
getdifficulty

18:32:26
{
"proof-of-work" : 48.33048138,
"PoSP" : 0.18270906,
"search-interval" : 1
}

18:33:33
getdifficulty

18:33:33
{
"proof-of-work" : 48.33048138,
"PoSP" : 13.05105380,
"search-interval" : 1
}

  Cool

Bitcoin without polity !?! | Get a Gapcoin slice of Mathematically constant π + new world record and attempt ongoing! | "The industry of the integrated spectacle and immaterial command owes me (us all) money." | We do not Forgive. We do not Forget. Expect Revolution Renaissance! for we are all Satoshi now? | Vision does not = Prescient | "the multiple and the multiplex!" | HODL BTC and/or buy Pizza's | Read the first chapter ... | P.S. "I Eye love found you!" 456 | Mostly harmless ... 42 | "INSERT COIN" break blocks!
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January 08, 2016, 06:59:27 PM
 #1178

BitcoinFX!!! Is that you?Huh

Cheesy

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January 08, 2016, 08:38:13 PM
Last edit: January 08, 2016, 10:10:30 PM by VonSpass
 #1179

....... Or what about having a cap instead
of unlimited inflation?  Or kinda like friecoin, an interest rate that resembles a nuclear half life ?

Just an idea

By any mean of calculation, in human society experience at large and in any known type of human economy, 2% inflation is healthy, low, sustainable and good.

CBX's low 2% infinite inflation profile model is not known as one of its weaknesses; its a major selling point, compared to many, successful cryptocoins who coast at much higher and unhealthy rates.

2% inflation allows CBX economy to grow, and 2% wont even come close to catching up with CBX economy's global growth, if each of us does his part in developing it - so end result is increased value for all CBX holders, down the line, even if we are taking this inflation into account. The CBX economy has exponential room to grow, as demand for CBX grows so will its value, in fiat and BTC. Furthermore, with PoSP a CBX holder has the opportunity to not only keep up with this inflation, but actually earn much more, as many choose not to participate in securing the network, for varied reasons and circumstances.

This 2% inflation creates an essential reward incentive for people to secure the network; it's not put there just for the fun of watching our wallet numbers grow bigger: there is a very real economic need for network security. This need has a value, and providing network security is worth something.

Here is an illustration of just how slow money supply growth will be, at 2% (taken from a previous post - not meant to be a precise chart, but cited as an example) - basically double in 36 years:

2015: 966831
+19336.62

2016: 986167.62
+19723.3524

2017: 1005890.9724
+20117.819448

2018: 1026008.791848
+20520.17583696

2019: 1046528.96768496
+20930.5793536992

2020: 1067459.5470386592
+21349.190940773184

2021: 1088808.737979432384
+21776.17475958864768

2022: 1110584.91273902103168
+22211.6982547804206336

2023: 1132796.6109938014523136
+22655.932219876029046272

2024: 1155452.543213677481359872
+23109.05086427354962719744

2025: 1178561.59407795103098706944
lab rat hoax
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January 08, 2016, 08:50:42 PM
 #1180

Good explanation.  Thanks for spelling it out ... I was responding to the other guy, telescopium
Trying to elaborate, possibly modify
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