Bitcoin Forum
February 22, 2019, 05:55:10 PM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Next poll
Yes
No

Pages: « 1 ... 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 [175] 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 ... 260 »
  Print  
Author Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published  (Read 336696 times)
Majormax
Legendary
*
Offline Offline

Activity: 1932
Merit: 1042


View Profile WWW
December 25, 2016, 12:23:32 PM
 #3481

"Destroy the stolen CBX on a new fork/coin"

The 124,000 CBX have never been stolen. They were CLAIMED by the Cryptsy receiver to distribute it's value to victims of other coins theft. Making them worthless is basically robbing the victims of that crime from some kind of repayment, even though it may not be so much.  

"and boost the PoSP reward for the next year so that all the lost CBX are regenerated and distributed through staking - after which point reward will be reset to current level"

With this CBX parts from it's fundamentals to have the network increase max 2% per year. First it will decrease by 12% and next it will distribute most of that 12% to the largest current holders, which are the holders of the ICO that was done to collect them. Very smart, but fair it is not. Since only a part of the community is staking you can expect the staking rewards to reach between 30% and 50%, dilluting the CBX of the people that are not staking for whatever reason.

The only way to keep CBX original, solid and more fair is to buyout the CBX that the receiver currently holds. Then nothing needs to be forked, no namechange, no 12% extra staking (which will keep pushing the price down too anyways). Why are people voting for the worst, I don't get it.
 



Agreed. The CBX blockchain has not been compromised, it is working correctly. The receiver has a responsibilty to obtain a value for the CBX it holds, and I am sure it would look at appropriate bids. Those bids would be far below current market trading values of course, bearing in mind the quantity and illiquidity of the market.

So, just to get things started, I would be prepared to buy all the 124k at 25% of current market value.

At 2.8c  current value , 25% comes to  around 1 BTC.

Any other offers ?

1550858110
Hero Member
*
Offline Offline

Posts: 1550858110

View Profile Personal Message (Offline)

Ignore
1550858110
Reply with quote  #2

1550858110
Report to moderator
1550858110
Hero Member
*
Offline Offline

Posts: 1550858110

View Profile Personal Message (Offline)

Ignore
1550858110
Reply with quote  #2

1550858110
Report to moderator
1550858110
Hero Member
*
Offline Offline

Posts: 1550858110

View Profile Personal Message (Offline)

Ignore
1550858110
Reply with quote  #2

1550858110
Report to moderator
Your Bitcoin transactions
The Ultimate Bitcoin mixer
made truly anonymous.
with an advanced technology.
Mix coins
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1550858110
Hero Member
*
Offline Offline

Posts: 1550858110

View Profile Personal Message (Offline)

Ignore
1550858110
Reply with quote  #2

1550858110
Report to moderator
1550858110
Hero Member
*
Offline Offline

Posts: 1550858110

View Profile Personal Message (Offline)

Ignore
1550858110
Reply with quote  #2

1550858110
Report to moderator
IMZ
Legendary
*
Offline Offline

Activity: 1484
Merit: 1000


View Profile
December 26, 2016, 12:54:06 AM
 #3482

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Receivers-Motion-for-Authorizing-to-Liquidate-Certain-Cryptocurrencies-Secured-by-the-Receiver.pdf -- Section E interests us.

Does anyone have any more recent information at all?

'The 124,000 CBX have never been stolen. They were CLAIMED by the Cryptsy receiver to distribute it's value to victims of other coins theft.' BTCat, post above

This is pretty much what I understand from Falling Knife is the case.
CryptoSporidium
Sr. Member
****
Offline Offline

Activity: 399
Merit: 250


View Profile
December 26, 2016, 01:31:07 AM
 #3483

"Destroy the stolen CBX on a new fork/coin"

The 124,000 CBX have never been stolen. They were CLAIMED by the Cryptsy receiver to distribute it's value to victims of other coins theft. Making them worthless is basically robbing the victims of that crime from some kind of repayment, even though it may not be so much.  

"and boost the PoSP reward for the next year so that all the lost CBX are regenerated and distributed through staking - after which point reward will be reset to current level"

With this CBX parts from it's fundamentals to have the network increase max 2% per year. First it will decrease by 12% and next it will distribute most of that 12% to the largest current holders, which are the holders of the ICO that was done to collect them. Very smart, but fair it is not. Since only a part of the community is staking you can expect the staking rewards to reach between 30% and 50%, dilluting the CBX of the people that are not staking for whatever reason.

The only way to keep CBX original, solid and more fair is to buyout the CBX that the receiver currently holds. Then nothing needs to be forked, no namechange, no 12% extra staking (which will keep pushing the price down too anyways). Why are people voting for the worst, I don't get it.
 



Agreed. The CBX blockchain has not been compromised, it is working correctly. The receiver has a responsibilty to obtain a value for the CBX it holds, and I am sure it would look at appropriate bids. Those bids would be far below current market trading values of course, bearing in mind the quantity and illiquidity of the market.

So, just to get things started, I would be prepared to buy all the 124k at 25% of current market value.

At 2.8c  current value , 25% comes to  around 1 BTC.

Any other offers ?



If you can strike a deal with the receiver then all well and good, but most likely scenario is these 124k coins will crash CBX into oblivion. That's the issue, whoever buys those coins on the cheap can dump anytime, so who would buy at market prices today? If you buy cheap then you become the dumping whale of 2017, just when the dumping whale of 2016 emptied his bags. This is an existential crisis, 124k coins dumped cheaply kills CBX, so lets avoid death.
FiniteRed
Sr. Member
****
Offline Offline

Activity: 346
Merit: 255


View Profile
December 26, 2016, 09:09:34 AM
 #3484

CBX has a terrible distribution of wealth with the top 10 addresses owning over half of all coins in existence.

One solution that might work at a network level would be to reclaim those coins in a fork and evenly distribute them over all CBX addresses below the top 250 richest addresses on the chain.

This however fly's in the face of the very immutability of the block chain and to be honest I am very much against this course of action for any currency stolen or otherwise - not to mention the receiver of Cryptsy has legally purchased and above effectively amounts to theft.

I have been away for a while now, but watching from a shady corner - what has being going on with CBX recently? We have moved from an deflationary model to an inflationary model, the chains hash rate has fallen to minimal levels, we have lost the majority of our market cap and there has been very little in the way of comms updates and new software releases from the Devs apart from some sort of IPO for another coin all together?

Bitcoin is almost back to 1000USD and I feel CBX needs to get back to its roots, work on more evenly distributing the wealth on the chain, get more exchanges on board and fully concentrate on the fact that it's a rare commodity and NOT a currency - less it fall on the mountainous heap that is the pile of deal block-chain currencies out there already.

FR

[G]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ] ~ [ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[H]
Majormax
Legendary
*
Offline Offline

Activity: 1932
Merit: 1042


View Profile WWW
December 26, 2016, 10:29:57 AM
 #3485


If you can strike a deal with the receiver then all well and good, but most likely scenario is these 124k coins will crash CBX into oblivion. That's the issue, whoever buys those coins on the cheap can dump anytime, so who would buy at market prices today? If you buy cheap then you become the dumping whale of 2017, just when the dumping whale of 2016 emptied his bags. This is an existential crisis, 124k coins dumped cheaply kills CBX, so lets avoid death.

It seems the real problem is that there are no willing buyers. The market price is what somebody is willing to pay.

Maybe the best alternative is for the 124k CBX to be added to the offer side of Cryptopia, and left there : at least it will then be out in the open. There is a fair chance that someone might wish to take a stake at some point.

m33
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000


Never invest with borrowed coins


View Profile WWW
December 26, 2016, 05:24:40 PM
 #3486

http://cryptsyreceivership.com/v1/wp-content/uploads/2016/06/Receivers-Motion-for-Authorizing-to-Liquidate-Certain-Cryptocurrencies-Secured-by-the-Receiver.pdf -- Section E interests us.

Does anyone have any more recent information at all?

'The 124,000 CBX have never been stolen. They were CLAIMED by the Cryptsy receiver to distribute it's value to victims of other coins theft.' BTCat, post above

This is pretty much what I understand from Falling Knife is the case.

Well the day crapsy walked out the door with the data , and stop real owners from gaining access to the coins , it was stolen for me , I lost 400$ only.

Next , there is another Ico right , can we do a group buy for the 124k and use it to fund the Ico for sparks ??

Bullion (CBX) ◢◤Clients
CRYPTOBULLION.IO
█▄
█████▄
████████▄
███████████▄
██████████████
███████████▀
████████▀
█████▀
█▀












YOUR DIGITAL PRECIOUS METAL 
PoSP | BNP Masternodes | 65 Second block time
Bullion MarketPlace












Cryptopia | NovaExchange |
Coinbook |













████
 ████
  ████
   ████
    ████
     ████
      ████
       ████
        ████
       ████
      ████
     ████
    ████
   ████
  ████
 ████
████

████
 ████
  ████
   ████
    ████
     ████
      ████
       ████
        ████
       ████
      ████
     ████
    ████
   ████
  ████
 ████
████
CryptoSporidium
Sr. Member
****
Offline Offline

Activity: 399
Merit: 250


View Profile
December 28, 2016, 12:51:00 AM
 #3487


If you can strike a deal with the receiver then all well and good, but most likely scenario is these 124k coins will crash CBX into oblivion. That's the issue, whoever buys those coins on the cheap can dump anytime, so who would buy at market prices today? If you buy cheap then you become the dumping whale of 2017, just when the dumping whale of 2016 emptied his bags. This is an existential crisis, 124k coins dumped cheaply kills CBX, so lets avoid death.

It seems the real problem is that there are no willing buyers. The market price is what somebody is willing to pay.

Maybe the best alternative is for the 124k CBX to be added to the offer side of Cryptopia, and left there : at least it will then be out in the open. There is a fair chance that someone might wish to take a stake at some point.



I'm not against doing that, I just think it's highly likely that amount of downward pressure would kill all remaining community interest. Like most here, I'm following +30 projects, and each one competes for my finite resorces of attention. There's nothing special about CBX that guarantees its continued existence from here on, its not bitcoin that has billions invested in it by millions of people. CBX has a long and proud history for sure, going back to mid 2013, but these 124k coins can easily kill it, and most of us walk away disappointed, but we still walk away. I'm a CBX supporter, but I'm already under water now, and I wouldn't buy any of these coins at any price. That's why I say the best option is start a new coin minus these toxic 124k coins.

If given a choice between a kick in the balls, and a slap in the face ... I vote for the slap
Majormax
Legendary
*
Offline Offline

Activity: 1932
Merit: 1042


View Profile WWW
December 28, 2016, 01:03:01 AM
 #3488


If you can strike a deal with the receiver then all well and good, but most likely scenario is these 124k coins will crash CBX into oblivion. That's the issue, whoever buys those coins on the cheap can dump anytime, so who would buy at market prices today? If you buy cheap then you become the dumping whale of 2017, just when the dumping whale of 2016 emptied his bags. This is an existential crisis, 124k coins dumped cheaply kills CBX, so lets avoid death.

It seems the real problem is that there are no willing buyers. The market price is what somebody is willing to pay.

Maybe the best alternative is for the 124k CBX to be added to the offer side of Cryptopia, and left there : at least it will then be out in the open. There is a fair chance that someone might wish to take a stake at some point.



I'm not against doing that, I just think it's highly likely that amount of downward pressure would kill all remaining community interest. Like most here, I'm following +30 projects, and each one competes for my finite resorces of attention. There's nothing special about CBX that guarantees its continued existence from here on, its not bitcoin that has billions invested in it by millions of people. CBX has a long and proud history for sure, going back to mid 2013, but these 124k coins can easily kill it, and most of us walk away disappointed, but we still walk away. I'm a CBX supporter, but I'm already under water now, and I wouldn't buy any of these coins at any price. That's why I say the best option is start a new coin minus these toxic 124k coins.

If given a choice between a kick in the balls, and a slap in the face ... I vote for the slap

Well, thats understandable, and is the usual reason for the death of most alts. If a coin does not have a large number of active community members, supporting with funds as well, plus a number of good active developers, it will not survive.

I committed funds to CBX, but I would be surprised if it does survive beyond the next year. So I guess I won't be buying any more.

As regards market cap, once that gets below the top couple of hundred currencies, only a very big innovation, and a lot of active people can save a crypto currency. I dont think the 124k coins make any difference to that. Having them on offer at a cheap price may have an outside chance of attracting a new active investor with an idea, who wants a big cheap stake in a long established coin.
cryptobullion.io
Full Member
***
Offline Offline

Activity: 152
Merit: 112


View Profile
December 28, 2016, 04:26:47 PM
 #3489

Alex4J has developed a new trouble shooting tool for CBX. This tool includes an automated blockchain bootstrap loader. Download the file, drop it in the folder with your CBXqt.exe and then open and use. Enjoy!
(There are a couple spelling errors that will be fixed asap.)

CBX Trouble Shooting Tool and Auto Bootstrap Loader to eliminate historical blockchain syncing: Trouble Shooting Tool with December 24th 2016 Official Bootstrap

avariahb
Full Member
***
Offline Offline

Activity: 175
Merit: 100



View Profile WWW
December 30, 2016, 01:11:13 PM
 #3490

I agree with Majormax The problem of cbx is the lack of active user.
A solution could be to distribute the 124k for free.
Not to favor whales.
Distribute fairly 10,000 CBX per month for one year to all those who win at least one block in staking.

Automated blockchain bootstrap loader very good idea for newbie. Smiley thanks alex

Majormax
Legendary
*
Offline Offline

Activity: 1932
Merit: 1042


View Profile WWW
December 30, 2016, 02:27:46 PM
Last edit: December 30, 2016, 02:47:39 PM by Majormax
 #3491

I agree with Majormax The problem of cbx is the lack of active user.
A solution could be to distribute the 124k for free.
Not to favor whales.
Distribute fairly 10,000 CBX per month for one year to all those who win at least one block in staking.

Automated blockchain bootstrap loader very good idea for newbie. Smiley thanks alex

Yes, that is an idea.

Even better to try and distribute to non-holders, or other developers. Thinking about those who might be active in the community rather than passive holders.
PikachuYou
Full Member
***
Offline Offline

Activity: 224
Merit: 100

Me is Cute


View Profile
December 30, 2016, 02:58:33 PM
 #3492

dead shit coin.

what happened to the quitessence crap that was meant to pump CBX?

am guessing it's fucked too....
avariahb
Full Member
***
Offline Offline

Activity: 175
Merit: 100



View Profile WWW
December 30, 2016, 07:07:46 PM
 #3493

I agree with Majormax The problem of cbx is the lack of active user.
A solution could be to distribute the 124k for free.
Not to favor whales.
Distribute fairly 10,000 CBX per month for one year to all those who win at least one block in staking.

Automated blockchain bootstrap loader very good idea for newbie. Smiley thanks alex

Yes, that is an idea.

Even better to try and distribute to non-holders, or other developers. Thinking about those who might be active in the community rather than passive holders.

To make it simple one can also give 100 cbx to 1200 members of bitcoinalk

m33
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000


Never invest with borrowed coins


View Profile WWW
December 30, 2016, 10:59:14 PM
 #3494

I agree with Majormax The problem of cbx is the lack of active user.
A solution could be to distribute the 124k for free.
Not to favor whales.
Distribute fairly 10,000 CBX per month for one year to all those who win at least one block in staking.

Automated blockchain bootstrap loader very good idea for newbie. Smiley thanks alex

Yes, that is an idea.

Even better to try and distribute to non-holders, or other developers. Thinking about those who might be active in the community rather than passive holders.

Giving to ppl who have no real interest, they will dump the coin like a hot potatoes! For btc

Bullion (CBX) ◢◤Clients
CRYPTOBULLION.IO
█▄
█████▄
████████▄
███████████▄
██████████████
███████████▀
████████▀
█████▀
█▀












YOUR DIGITAL PRECIOUS METAL 
PoSP | BNP Masternodes | 65 Second block time
Bullion MarketPlace












Cryptopia | NovaExchange |
Coinbook |













████
 ████
  ████
   ████
    ████
     ████
      ████
       ████
        ████
       ████
      ████
     ████
    ████
   ████
  ████
 ████
████

████
 ████
  ████
   ████
    ████
     ████
      ████
       ████
        ████
       ████
      ████
     ████
    ████
   ████
  ████
 ████
████
Majormax
Legendary
*
Offline Offline

Activity: 1932
Merit: 1042


View Profile WWW
December 31, 2016, 12:23:01 AM
 #3495

I agree with Majormax The problem of cbx is the lack of active user.
A solution could be to distribute the 124k for free.
Not to favor whales.
Distribute fairly 10,000 CBX per month for one year to all those who win at least one block in staking.

Automated blockchain bootstrap loader very good idea for newbie. Smiley thanks alex

Yes, that is an idea.

Even better to try and distribute to non-holders, or other developers. Thinking about those who might be active in the community rather than passive holders.

Giving to ppl who have no real interest, they will dump the coin like a hot potatoes! For btc


Then maybe my first thought is correct. Dump onto exchange at a very low price . First take out every bid, then put a wall in at a low level.

If the coin is dead anyway, kill the price quickly, then see if there are any takers. Make a very low base, then the only way is up.  Trying to support price always leads to a slow decline (applies to all commodities)

m33
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000


Never invest with borrowed coins


View Profile WWW
December 31, 2016, 12:48:01 AM
 #3496

I agree with Majormax The problem of cbx is the lack of active user.
A solution could be to distribute the 124k for free.
Not to favor whales.
Distribute fairly 10,000 CBX per month for one year to all those who win at least one block in staking.

Automated blockchain bootstrap loader very good idea for newbie. Smiley thanks alex

Yes, that is an idea.

Even better to try and distribute to non-holders, or other developers. Thinking about those who might be active in the community rather than passive holders.

Giving to ppl who have no real interest, they will dump the coin like a hot potatoes! For btc


Then maybe my first thought is correct. Dump onto exchange at a very low price . First take out every bid, then put a wall in at a low level.

If the coin is dead anyway, kill the price quickly, then see if there are any takers. Make a very low base, then the only way is up.  Trying to support price always leads to a slow decline (applies to all commodities)



Problem is if other holders unaware will sell In panic . For this to work all current holder must be agree to hold and put up wall at a agreed price , but if that wall is gone all will break losse ..

Bullion (CBX) ◢◤Clients
CRYPTOBULLION.IO
█▄
█████▄
████████▄
███████████▄
██████████████
███████████▀
████████▀
█████▀
█▀












YOUR DIGITAL PRECIOUS METAL 
PoSP | BNP Masternodes | 65 Second block time
Bullion MarketPlace












Cryptopia | NovaExchange |
Coinbook |













████
 ████
  ████
   ████
    ████
     ████
      ████
       ████
        ████
       ████
      ████
     ████
    ████
   ████
  ████
 ████
████

████
 ████
  ████
   ████
    ████
     ████
      ████
       ████
        ████
       ████
      ████
     ████
    ████
   ████
  ████
 ████
████
Majormax
Legendary
*
Offline Offline

Activity: 1932
Merit: 1042


View Profile WWW
December 31, 2016, 10:17:52 AM
 #3497




Problem is if other holders unaware will sell In panic . For this to work all current holder must be agree to hold and put up wall at a agreed price , but if that wall is gone all will break losse ..

CBX is dead anyway. Nobody can sell , because there will be no bid.
CryptoSporidium
Sr. Member
****
Offline Offline

Activity: 399
Merit: 250


View Profile
December 31, 2016, 11:01:44 AM
 #3498




Problem is if other holders unaware will sell In panic . For this to work all current holder must be agree to hold and put up wall at a agreed price , but if that wall is gone all will break losse ..

CBX is dead anyway. Nobody can sell , because there will be no bid.

CBX2 can still be very much alive though, detaching from the toxic 124k coins is the only way to move forward with optimism

We should start riffing for a new name, get our spirits up for New Year!

Digital Bullion
cBullion



avariahb
Full Member
***
Offline Offline

Activity: 175
Merit: 100



View Profile WWW
December 31, 2016, 10:18:17 PM
 #3499

Happy new year 2017 for cbx. better than 2017  Wink

VonSpass
Legendary
*
Offline Offline

Activity: 897
Merit: 1064



View Profile
January 01, 2017, 10:41:13 PM
Last edit: January 02, 2017, 05:53:55 AM by VonSpass
 #3500


It seems the real problem is that there are no willing buyers. The market price is what somebody is willing to pay.


Quite a positive discussion, on this first day of 2017! Unfortunately this comes a bit late, but who knows, maybe we can save CBX if people still want it.

The problem with many cryptos (including CBX) is people are in it for a quick (and small) gain. If we stuck together with ONE cryptocurrency, we could each of us earn a life changing value of currency, and create a great crypto network that can change the altcoin landscape: keeping in mind CBX was never meant to replace BTC, it was meant to complement it with a valuable, scarce and interest-earning commodity.

Again, CBX's 2% inflation is low and healthy - we need an enticing way to pay for secure blockchain maintenance in some way - and transaction fees are not enough, so this low inflation profile is necessary.

During 2016 I have been trying hard, with many creative solutions, to bring back CBX to the place it deserves (among the 15 greatest coins), because I believe that Smart action is better than inaction. Some people would rather just say "we are great - we don't need to do anything." - but my position has always been otherwise, and what is happening to other coins with that inaction philosophy is proving me right.

Another reason why people (or altcoins) do not succeed is everyone wants to try his little thing in his little corner, rather than use community leverage and join a small and promising coin with great fundamentals (like CBX) so we can be strong together.  You can't believe how strong a committed and dedicated community can be! Rather, people spread their money and efforts thin across many coins and don't commit themselves to a very large (life changing) gain. Most people are in for a small gain with no commitment. Commitment is key to success, in anything you do. Commitment is painless and fun - and I can't do it alone.

Mind you, we can still save CBX, but it's not going to be easy:

1) A deal with the Cryptsy CBX receiver has to be struck, - either that, or we create a new Digital Bullion with these CBX gone.

2) the CBX whales who have been selling CBX and stubbornly maintaining it below 60 000 satoshis have to come forward and, perhaps privately, start a discussion with us (if not, well, be prepared to lose everything, whales)

3) the rest of us, CBX fans, have to stick together, maintain some volume, don't create selling walls. Contribute to this forum (more than 1x per month!).

If we can't meet these difficult conditions, well, CBX will not survive I'm afraid.
Pages: « 1 ... 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 [175] 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 ... 260 »
  Print  
 
Jump to:  

Bitcointalk.org is not available or authorized for sale. Do not believe any fake listings.
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!