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Author Topic: Bullion (CBX) 'the Digital Precious Metal' | 2018 Roadmap published  (Read 328554 times)
VonSpass
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January 08, 2016, 08:57:30 PM
 #1181

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

yes lab rat hoax, I am sorry for putting your post on the spot; it sure wasn't meat that way, and we appreciate your contribution here greatly... the other posts I was actually responding to were so big in size that my answer would have looked subdued, so I picked yours  Cheesy
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January 08, 2016, 09:22:35 PM
 #1182


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/
So is this link where we can download the v2.3 for the hardfork coming up?

 

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January 08, 2016, 09:26:28 PM
 #1183


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/
So is this link where we can download the v2.3 for the hardfork coming up?

Correct

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January 09, 2016, 01:20:46 AM
 #1184

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

yes lab rat hoax, I am sorry for putting your post on the spot; it sure wasn't meat that way, and we appreciate your contribution here greatly... the other posts I was actually responding to were so big that my answer would have looked subdued  Cheesy

no sweat , boss        Cheesy       nice to see all this progress

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January 09, 2016, 03:20:22 AM
 #1185


Glad to see the chain moving & staking working again..but, we still have a problem. With Win10-64 the wallet still crashes and the amount of memory resources goes thru the roof. Example: before the last crash, while staking I had 1543.44 mb used by the wallet. I know this is way too much. I will Alex my debug file in the morning (it's late now). I am starting to think it has to do with the 64bit OS.

Thanks

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January 09, 2016, 08:08:22 AM
 #1186

hi,
one more time with new update, the wallet stars over again... (under windows 10)
the process does not start..

  Sad

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January 09, 2016, 08:10:48 AM
 #1187

I wish to community an Excitement Year full of Health, Love, Peace and Happiness

...and many congrats to the development team for blazing fast solving the issues appear...
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January 09, 2016, 08:33:24 AM
 #1188

http://bitcoinist.net/cryptsy-has-moved-out-of-their-building-unannounced-nowhere-to-be-found/

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  ████                                                    
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cryptobullion.io
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January 09, 2016, 11:00:11 AM
 #1189

hi,
one more time with new update, the wallet stars over again... (under windows 10)
the process does not start..

  Sad

Not sure I understand, can you please explain more?
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January 09, 2016, 11:15:39 AM
 #1190

Network is looking healthy after upgrade to 2.3.0.0 Smiley

[G]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ] ~ [ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[H]
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January 09, 2016, 12:24:12 PM
 #1191

hi,
one more time with new update, the wallet stars over again... (under windows 10)
the process does not start..

  Sad

Not sure I understand, can you please explain more?

nothing happens when I launch CryptoBullion-qt.exe

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January 09, 2016, 12:46:20 PM
 #1192

hi,
one more time with new update, the wallet stars over again... (under windows 10)
the process does not start..

  Sad

Not sure I understand, can you please explain more?

nothing happens when I launch CryptoBullion-qt.exe

Try running the .exe from the command prompt, you will get an error message if it is crashing out that will help diagnose the problem Smiley

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January 09, 2016, 03:33:39 PM
 #1193

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

Freicoin applied the economic principal of demurrage to crypto-currency.

- https://wikipedia.org/wiki/Freigeld

This effectively established a centralized 'pool' from 'taxing' its holders. The main issue for the model is seemingly collective indecision of how exactly to return 'cash flow' from the centralized pool, mostly with regards to 'value'.

Bitcoin, as a modern monetary system (or store-of-value), being more akin to gold and without any central (issuing) authority does not require holders to sustain demurrage. Here we can note the wiki reference to 'E-gold' with regards to bullion storage;

"E-gold is an example of a modern private currency in which demurrage is applied. In this case there is a gold storage charge of 1% per annum. The demurrage associated with e-gold is arguably expended by the currency operator to help cover real storage costs."

Again, in the instance of Bitcoin (or CryptoBullion), we see no 3rd party or centralized authority to levy any such charge. Demurrage principal is entirely unnecessary to the fundamental function of the system. Perhaps in much the same way that physical bullion ownership can be considered private, arguably without any actual storage costs.


VonSpass has covered well ' inflation / deflation ' in the last post, with regards to CBX.

- https://bitcointalk.org/index.php?topic=951753.msg13489229#msg13489229

Neither Freicoin or Bitcoin can lend themselves as well to a "shield and spear paradox" of value (in terms of scarcity and rarity):

- https://bitcointalk.org/index.php?topic=951753.msg11901786#msg11901786

Currency:

- Medium of Exchange
- A Unit of Account
- Portable
- Durable
- Divisible
- Fungible (Interchangeable)

Money (the above plus):

- A Store of Value


Freicoin is in fact therefore not money, because its Store-of-Value depreciates overtime, as mentioned.

Commodity money, as a Store-of-Value, can always have actual (useful) and perceived intrinsic value i.e. like CryptoBullion.

For example, when comparing the current low gold price against the US dollar or low oil price against the US dollar, we can ask ourselves what has more intrinsic value? A piece of paper or the actual physical commodity. This is the lie that banks, markets and governments have sold to the world. Finite commodities (commodity money) have intrinsic value over currency.


Perhaps, now that PoSP is running for CBX we can start to look more at the intrinsic value of CBX against physical bullion, and members of this community have already demonstrated how this can be achieved collectively, without a central authority.

One crypto-currency which is also starting to lead the way in "Digital proof of ownership" is Emercoin: http://emercoin.com/EMCDPO
  

"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? - youtu.be/G7Z8MMk45U0 - "the multiple and the multiplex!" - Mostly AWOL hunting 4 (Zk-)SNARKS ... youtu.be/Yc18hhM6gUc?t=4m27s - "Beware of Boojum's"!?! - NSFW youtu.be/Wn3d51F1jPE + 21e8 = youtu.be/FoTx6dKNGmc ? lolz - 42/ is the answer - en.wikipedia.org/wiki/42_(number)
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January 09, 2016, 03:51:31 PM
 #1194

hi,
one more time with new update, the wallet stars over again... (under windows 10)
the process does not start..

  Sad

Not sure I understand, can you please explain more?

nothing happens when I launch CryptoBullion-qt.exe

Try running the .exe from the command prompt, you will get an error message if it is crashing out that will help diagnose the problem Smiley


thanks for reply

but still the same..
nothing happens when i execute  CryptoBullion-qt.exe from ms-dos cmd or powershell cmd..

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January 09, 2016, 03:55:23 PM
 #1195

BitcoinFX!!! Is that you?Huh

Cheesy

Yep. Still here.

I'm no expert economist and always learning as we progress. My skill set from pitfalls continues to evolve !

Who was it that said "Bitcoin is the devils way of teaching geeks economics" ?

Phase 2 ... now we geeks have learned better economics ...   Grin

"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? - youtu.be/G7Z8MMk45U0 - "the multiple and the multiplex!" - Mostly AWOL hunting 4 (Zk-)SNARKS ... youtu.be/Yc18hhM6gUc?t=4m27s - "Beware of Boojum's"!?! - NSFW youtu.be/Wn3d51F1jPE + 21e8 = youtu.be/FoTx6dKNGmc ? lolz - 42/ is the answer - en.wikipedia.org/wiki/42_(number)
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January 09, 2016, 04:36:28 PM
 #1196

A thread worth reading ...

- DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
- https://bitcointalk.org/index.php?topic=1319681.0

Does Proof-of-Stake Participation and a Proof-of-Value Network in fact offer a solution (to a perceived problem) !

PoSP = Increased Decentralized Network Participation.

PoVN = Independent Decentralized Price Discovery through Participation.

"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? - youtu.be/G7Z8MMk45U0 - "the multiple and the multiplex!" - Mostly AWOL hunting 4 (Zk-)SNARKS ... youtu.be/Yc18hhM6gUc?t=4m27s - "Beware of Boojum's"!?! - NSFW youtu.be/Wn3d51F1jPE + 21e8 = youtu.be/FoTx6dKNGmc ? lolz - 42/ is the answer - en.wikipedia.org/wiki/42_(number)
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January 09, 2016, 05:19:32 PM
 #1197

Thought of the day:

"Do you own Gold or Silver ?" , "Register your asset ownership on the blockchain"...

with a Wealthie = "a Pseudonymous Selfie of Digital Ownership on a Blockchain"   Cheesy
  

"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? - youtu.be/G7Z8MMk45U0 - "the multiple and the multiplex!" - Mostly AWOL hunting 4 (Zk-)SNARKS ... youtu.be/Yc18hhM6gUc?t=4m27s - "Beware of Boojum's"!?! - NSFW youtu.be/Wn3d51F1jPE + 21e8 = youtu.be/FoTx6dKNGmc ? lolz - 42/ is the answer - en.wikipedia.org/wiki/42_(number)
elambert
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January 09, 2016, 11:05:43 PM
 #1198

A thread worth reading ...

- DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
- https://bitcointalk.org/index.php?topic=1319681.0

Does Proof-of-Stake Participation and a Proof-of-Value Network in fact offer a solution (to a perceived problem) !

PoSP = Increased Decentralized Network Participation.

PoVN = Independent Decentralized Price Discovery through Participation.

Great to see you back my friend! We had planned to refocus on PoV now that PoSP is released so impeccable timing! Welcome back!

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January 09, 2016, 11:06:06 PM
 #1199

Hi here,

I just bought few CBX and downloaded the 2.3 wallet.


I would like to know : is there a minimum amount to stake or what is a normal amount for staking ?

Is there anything to do to stake ( for now i installed the wallet, the blockchain and sended 50 CBX to see how it work, do i have to configure something in the wallet ? )

thanks for your reply and sorry for my noob question.
elambert
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January 09, 2016, 11:16:17 PM
 #1200

Hi here,

I just bought few CBX and downloaded the 2.3 wallet.


I would like to know : is there a minimum amount to stake or what is a normal amount for staking ?

Is there anything to do to stake ( for now i installed the wallet, the blockchain and sended 50 CBX to see how it work, do i have to configure something in the wallet ? )

thanks for your reply and sorry for my noob question.

No minimum, just keep your Vault running and unlocked. Let us know how you do and welcome aboard!

P.s the more you have the more likely you are to generate PoSP blocks and of course the more often you will.

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