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Question: Should CBX remove planned anon implementation to obtain listing on Coinbook.com?
Keep anon, no Coinbook
Remove anon, list on Coinbook

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Author Topic: Bullion (CBX) 'the Digital Precious Metal' | 2018 Roadmap published  (Read 329356 times)
elambert
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June 09, 2017, 01:08:45 PM
 #3781

Hey digit and FR, thanks for chiming in. However it seems like so far we are in the minority regarding interest rate voting. I really do not think the current low interest rate is an issue because in the current PoSP implementation the actual earnings one gets is close to 10% annually right now - and as we know this has not made a difference in popularity.

However if option 2 is what the community wants, at least the potential bump up to 2.75% overall inflation would still result in a very low inflation rate - so either way I do not think it will be a major deal to us CBX/CGB oldschoolers. I will support what the community wants with the vote.

As far as slowing block time, I personally do not like this idea. One of the great things about CBX is its ultra fast transaction time. One major flaw with BTC is slow transactions. It is not ideal for a usable everyday currency. CBX with its block time, inflation rate and count of coins in circulation has the perfect recipe to act not only as a store of wealth but also as an everyday currency. This should be kept imo.

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the focus should be on long term holders and stakers and improving the wallet and network for them. (eg: optimizng the wallet, fixing bugs, updating the base code with newer btc source)
 

Agree, and all of these items are being addressed with the upcoming hard fork which will include a new code base rectifying the memory usage problems/bugs, in-Vault trouble shooting & bootstrap loading 1-click solution (will allow all users new and old non-active users to sync quickly regardless of blockchain length), transaction anonymity, Bullion Participation Nodes (BPN) offering higher earnings to those participants locking away larger stakes in CBX, in-Vault metrics of individual user staking rates (BPN and/or non-BPN), potentially a slight change to inflation resulting in substantial staking gains for network participants through the PoSP structure (all inflation split between the active nodes only) and a to be determined via community vote method of development funding built in so that ongoing maintenance and development of CBX can continue indefinitely.

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Cbx.Bet
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June 09, 2017, 03:01:35 PM
 #3782

transaction anonymity,

What technique do you want to use for transaction anonymity?




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June 09, 2017, 03:12:47 PM
 #3783

I hope there will be an online wallet with an api in the next roadmap.
I need it for a personal project.

Eager to discover the roadmap.

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June 09, 2017, 03:41:58 PM
 #3784

Quote
What technique do you want to use for transaction anonymity?

Bullion Participation Nodes - essentially masternodes that pay out an annual inflation rate of the total CBX in existence among only the nodes that are participating - similar to how PoSP operates. This will allow for a far higher return for node runners as all owners will not run nodes; so those not operating a node forfeit their share of earnings to those who are operational.

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I hope there will be an online wallet with an api in the next roadmap.


I think you will be pleased  Wink

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June 09, 2017, 05:53:07 PM
 #3785


i disagree its not lack of excitement over inflation, most of the dedicated stakers are doing so because they want to support the network not stake crazy amounts to dump every day.

Stakers are a different breed of animal when compared to miners. To stake efficiently you need to commit yourself, by buying a significant amount of CBX, and this fact alone demonstrates that a staker has at least some attachment to CBX and agrees to the CBX philosophy to some degree. I don't think that it would be typical of a staker to dump coin like miners do.

This is why I don't mind rewarding stakers a little more.

The idea of CBX as a store of value is more important then being produced generate more coins every day.

There is an economical value to the "effort" of maintaining the network i.e. staking. By today's low valuation of CBX and the low PoSP participation of CBX in general, it is clear to me that this economical value is not being met by current parameters; i.e. it's not economically interesting enough to most people. Humans are economical creatures: if a certain endeavour is not lucrative enough to them, they look elsewhere.

This is why I voted option 2 of the Poll - increase inflation very slightly to make staking and masternode creation more economically interesting while still maintaining a low inflation profile.


change the block time target so they evenly spaced out to be at least 2-3 minutes apart or even 4-6 minutes apart instead of the current

This would make CBX slower, and thus remove one of it's key advantages, so I disagree with this one.

There also the memory issue that still need to be resolved, an issue with they how the wallet is not orphaning blocks when a wallet splits off from the network,this prevents it reconnecting and adopting the longest chain that other nodes are on and leads to downtime as we have to take the wallet offline and resync from our last backup or snapshot.   I've had to do this twice in the last month.

I have to agree with you on that one, the current CBX Vault is very memory hungry, and it is impossible to sync CBX without extra help which can be intimidating to non-technically inclined people.

This, to me, is unacceptable, which is why I am proposing to use brand new software and it would be nice also to reset the blockchain to current values to alleviate the slight blockchain bloating problem that CBX has.


... complete rebase to blackcoin code and then make the changes required to continue with the existing CBX blockchain and provide a more stable environment for us CBX stakers. ( I also run BLK node alongside CBX node, and it uses alot less memory and never have issues with needing to resync/getting cut off from network etc)

I am not sure BlackCoin has masternodes, from which you can't have true anonymity with BlackCoin; but I'll have a closer look.

Anonymity along with metal fungibility, ties well to the "Digital Precious Metal" idea CBX has.

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June 09, 2017, 06:00:03 PM
 #3786

Is speed all that essential for a store of wealth? Have you ever tried moving gold arround? It's not quick. CBX is not, and has never been setup to be a currency (there an almost infinite number of those now) - surley transaction times are not top of the list if it results in blockchain bloat... Smiley

FR

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elambert
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June 12, 2017, 02:06:48 PM
 #3787

Is speed all that essential for a store of wealth? Have you ever tried moving gold arround? It's not quick. CBX is not, and has never been setup to be a currency (there an almost infinite number of those now) - surley transaction times are not top of the list if it results in blockchain bloat... Smiley

FR

I understand you perfectly FR, my point however is that we have speed now, why abandon that if not necessary.

Blockchain bloat has a workable solution at this time and we will be improving that further with the upcoming fork. The new Vaults will have the memory usage issue solved and will incorporate the 1-click solution bootstrap installer directly into them. All a new or old non-synced user would need to do is click a button in their Vault to download the most recent updated blockchain bootstrap.


Progress update:
Things are progressing well behind the scenes. VonSpass has created the first draft of the road map and after we finalize internal discussion and gain consensus, this will be published for the public.

It looks like option 2 is well ahead of the other options in the poll. If you have not been counted and want your vote to be tallied, please get it in soon. There will be some other opinion polls we need to put out for the community in the very near future and we can only run 1 at a time on here so this poll will have to close soon.

BTW - CBX will turn 4 years old on the 28th of this month!  

aizzaku
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June 12, 2017, 06:06:25 PM
 #3788

4 years is a lot of time. And still the devs are working on it means something. I will keep following this coin and try to contribute as i can. Cheesy

congrtz. you must plan something special for that day.

looking forward to the roadmap

also if possible, not sure because of investment, i would run a masternode since i have a spare machine 24/7

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June 13, 2017, 03:06:03 AM
 #3789

wow that bootstrap link on page 158 of this CryptoBullion is a very slow download, is there any place else to get it?

BTC: 1BE7XgrLES5oUJXLq6XvFMNih1mEVK6iaE
FiniteRed
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June 13, 2017, 09:41:12 AM
 #3790

Is speed all that essential for a store of wealth? Have you ever tried moving gold arround? It's not quick. CBX is not, and has never been setup to be a currency (there an almost infinite number of those now) - surley transaction times are not top of the list if it results in blockchain bloat... Smiley

FR

I understand you perfectly FR, my point however is that we have speed now, why abandon that if not necessary.

Blockchain bloat has a workable solution at this time and we will be improving that further with the upcoming fork. The new Vaults will have the memory usage issue solved and will incorporate the 1-click solution bootstrap installer directly into them. All a new or old non-synced user would need to do is click a button in their Vault to download the most recent updated blockchain bootstrap.


Hey elambert

Thanks for the response, fair enough - just keen to see CBX be as good as it can be Smiley Looking forward to the update - happy to make some more splash screen art if you want Cheesy

FR

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elambert
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June 13, 2017, 10:24:52 AM
 #3791

wow that bootstrap link on page 158 of this CryptoBullion is a very slow download, is there any place else to get it?

That one is from last year. Grab the one off the OP, it is from May 1st. We will get up a June version soon.

cryptobullion.io
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June 13, 2017, 03:41:39 PM
 #3792

wow that bootstrap link on page 158 of this CryptoBullion is a very slow download, is there any place else to get it?

The bootstrap on the OP has been updated to one that captures the blockchain to today (June 13th). Please use this one and you will sync quickly.
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June 14, 2017, 11:02:30 AM
 #3793

CBX with masternodes ... that's awesome news, I want a BullionNode!
BitcoinCharlie
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June 15, 2017, 03:21:09 PM
 #3794

Hi, I had not opened my wallet for over a year. When I did so, my wallet was very behind. I have been downloading the blockchain for several days now and it seems to be going fine.

The problem is that all the while, I have click the unlock vault button to unlock for staking only. It says ok and in the lower right corner, there is a red light saying vault is not staking, but next to the red light is a lock that is unlocked but says Vault is encrypted and currently unlocked for staking only.

So, my question is, which is it? I have generated numerous PoSP blocks, but when I hover over the confirmation area to the far right, it says that there are 0 of 6 confirmations and that the block was generated but not accepted.

I probably have over 100 generated blocks like that. I am running the QT wallet v. 2.4.3.0 as I thought that was the most recent version.

Please advise.

Thanks in advance for your time!

Unobtanium - The crypto commodity you keep! |
Hate Inflation? You'll love $UNO
elambert
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June 15, 2017, 03:53:34 PM
 #3795

So, my question is, which is it?

Both. Your Vault is unlocked but it will not start staking until you have synced to the current block.

Hi, I had not opened my wallet for over a year. When I did so, my wallet was very behind. I have been downloading the blockchain for several days now and it seems to be going fine.

No need to wait for the Vault to sync. You have 2 options to speed this process.

1. Download the files from the bootstrap download in the OP and replace them in your CryptoBullion Roaming folder. This will get your Vault synced to the date the files were copied - June 13th.

2. If you want an easier method, close your Vault, download the CBX Troubleshooting Tool via the link in the OP, place downloaded file (CBX Tool.exe) into the CryptoBullion folder containing your  Vault, double click on the CBX Tool.exe and then click on 'Download and install bootstrap' button. The tool will replace your blockchain with the updated one from the 13th and then you just have to let the last 3 days sync.

Option 2 - the CBX Tool will be included in future Vault builds rather than being a separate download so users with the next Vault version will just have to click the download and install bootstrap button from inside their Vault to sync when they are new users or users that have been away for a while.

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June 15, 2017, 04:00:18 PM
 #3796

So, my question is, which is it?

Both. Your Vault is unlocked but it will not start staking until you have synced to the current block.

Thank you for your prompt response, I appreciate it.

So, the blocks generated are lost blocks? Or, will they "come to life" once I have the entire blockchain downloaded?

Thanks for the info on downloading the bootstrap. If this happens again, I will use that method. Right now, I only have ~30k blocks left, so I'll just do it the old fashioned way.

Thanks again!

Unobtanium - The crypto commodity you keep! |
Hate Inflation? You'll love $UNO
JOAC
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June 15, 2017, 08:21:51 PM
 #3797

I voted 1.

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elambert
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June 15, 2017, 08:51:21 PM
 #3798


So, the blocks generated are lost blocks? Or, will they "come to life" once I have the entire blockchain downloaded?


You will have to sync the blockchain before your Vault starts attempting to stake your funds.

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June 16, 2017, 12:59:48 PM
 #3799

Masternode addition is good idea, but keep inflation at 2%, it's a great selling point.
elambert
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June 16, 2017, 01:31:02 PM
 #3800

Masternode addition is good idea, but keep inflation at 2%, it's a great selling point.

This selection is the consensus leader at this point. If you have not voted and want your vote counted, please get it in asap. We have a couple other algo parameters to put to the community for voting so this one will have to close.

BTW - Financing for our development plan has been secured and we are making our road-map publication announcement imminently!

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