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

[elambert]

Crypto Bullion thread posted on 8BTC (China's leading crypto-currency forum)!

http://8btc.com/thread-20082-1-1.html

Nice work Jimmy!

We will be coordinating a giveaway there for those that download the Vault and encourage the community to push for addition to their preferred exchanges.

[1696079957]

1696079957

[1696079957]

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[Ghepetto]

Crypto Bullion thread posted on 8BTC (China's leading crypto-currency forum)!

http://8btc.com/thread-20082-1-1.html

Nice work Jimmy!

We will be coordinating a giveaway there for those that download the Vault and encourage the community to push for addition to their preferred exchanges.

Upon translating this page it states the coin cap is 100 million, just a heads up.  Not sure if the error is in the translator or the actual text.

[elambert]

Crypto Bullion thread posted on 8BTC (China's leading crypto-currency forum)!

http://8btc.com/thread-20082-1-1.html

Nice work Jimmy!

We will be coordinating a giveaway there for those that download the Vault and encourage the community to push for addition to their preferred exchanges.

Upon translating this page it states the coin cap is 100 million, just a heads up.  Not sure if the error is in the translator or the actual text.

I noticed the same and brought it to Jimmy's attention. It is indeed an error in the translator

I am right on 8btc thread. 100万 = 1 million   (1万 = 10 thousand)         

[snatchmonkey]

I don't seem to be getting any BTR points for my trades, not sure why. I'll make some more trades but I have already traded more than the 0.2 BTC that they say should give me enough BTR points to be able to vote.

Anyone know where I might be going wrong?

EDIT: Scratch that, I now have a couple hundred BTR points, maybe they just take a while to get awarded

[FiniteRed]

Price is still climbing, on track for hitting and supassing the $1 mark! Go CBX

[lab rat hoax]

gorgeous beautiful chart !

[VonSpass]

Price is still climbing, on track for hitting and supassing the $1 mark! Go CBX

Guys, voting at Bter is crucial if you want this trend to accelerate...

I have started accumulating BTC at Bter so I will be able to vote myself.

[FiniteByDesign]

Price is still climbing, on track for hitting and supassing the $1 mark! Go CBX

Guys, voting at Bter is crucial if you want this trend to accelerate...

I have started accumulating BTC at Bter so I will be able to vote myself.

Just placed my first buy orders at Bter. Lets earn some BTR!

[elambert]

CryptoBullion turns 2 years old today!

Happy Birthday!

[llildur]

¡¡Happy Birthday!!

[snatchmonkey]

Happy Birthday CBX!

For those of you starting trading on Bter for BTR points, from what I understand, if you make a withdrawal from Bter you will lose your points.

I am also given to understand that while the first 1000 BTR gives 1 vote per hour, subsequent votes (up to 10 per hour) are earned at the rate of  roughly 3000 BTR per vote ( so ~30k BTR for 10 votes per hour).

I think I had to do about 0.5 btc's worth of trade for my 1000 BTR, but I suspect that for some reason my first few trades didn't earn any BTR, not sure why.

[BTCat]

Congratulations CBX!     

[bittick]

Came in just to say Happy Birthday! And what a wonderful journey it has been for the community!

[Alec40Gr]

Happy Birthday CBX !!!

[VonSpass]

I don't seem to be getting any BTR points for my trades, not sure why. I'll make some more trades but I have already traded more than the 0.2 BTC that they say should give me enough BTR points to be able to vote.

Anyone know where I might be going wrong?

EDIT: Scratch that, I now have a couple hundred BTR points, maybe they just take a while to get awarded

When you do what triggers BTR points, you get them instantly. Personally, I transfered .3 BTC to Bter, changed it back and forth a few times to CNY and back to BTC. This cost me some dust but I now have the 1000 BTR's required to vote, so now I can vote once per hour.

BTER seems a well done and responsive GUI exchange. Getting our CBX listed under CNY markets will add a lot of visibility to Crypto Bullion, and tie in well with the new 8BTC thread Jimmy is promoting for us.

[Toshiorun]

http://altcoinsfoundation.com/ site is good!

[BitcoinFX]

I would like to put forward the following proposal for fellow holders of Crypto Bullion (CBX) to act upon.

Let us each start to back our own CBX holdings with real physical bullion, as 'Proof-of-CBX'.

Anyone holding CBX and some quantity of physical bullion or precious metals is able to participate.

An individual could back any denomination of CBX with any quantity of physical bullion that they own. The most important principal being that the individual owns both assets.

You would simply upload a photo of the physical bullion together with your CBX wallet address (including a signed verifiable message) and your forum username, as one image.

For example;

"I (insert your forum name) hereby back (x amount of CBX) with (x amount of physical bullion).

I understand that if I should divest either my CBX and/or physical bullion holding then this statement is considered null and void.

Furthermore, I endeavor to provide seperate notification if this personal holding is divested."


Of course, the quantity or type of physical bullion and/or amount of CBX being backed is actually not important.

In other words it does not matter if an individual chooses to back 10 Oz of copper with 1000 CBX whilst another individual might back 1 gram of gold with 0.0001 CBX


The action of backing CBX with any physical quantity of bullion (on an individual basis) should help with increased price discovery and awareness.

Comparing such data with live metals prices would provide an amalgamted bullion value for CBX, in addition to its crypto currency value.


In practice 1 Oz fine silver or gold coins are within easy reach of most investors and are probably a good starting point in terms of value against the current price of CBX.

[BTCat]

I would like to put forward the following proposal for fellow holders of Crypto Bullion (CBX) to act upon.

Let us each start to back our own CBX holdings with real physical bullion, as 'Proof-of-CBX'.

What does it mean 'to back CBX' in this case. Shouldn't someone be able to exchange their CBX for the assets backing it?

And if someone exchanges his CBX for gold doesn't he just purchase gold with CBX as currency?

Or is it more meant hypothetical.

 

[BitcoinFX]

I would like to put forward the following proposal for fellow holders of Crypto Bullion (CBX) to act upon.

Let us each start to back our own CBX holdings with real physical bullion, as 'Proof-of-CBX'.

What does it mean 'to back CBX' in this case. Shouldn't someone be able to exchange their CBX for the assets backing it?

And if someone exchanges his CBX for gold doesn't he just purchase gold with CBX as currency?

Or is it more meant hypothetical.

 

No 3rd party exchange is taking place and their is no counterparty risk.

I'm simply suggesting that people could back their personal physical bullion holdings with thier own CBX and present this action publically, on the blockchain.

It's a bit like issuing a gold certificate to yourself: https://wikipedia.org/wiki/Gold_certificate

This process turns an unallocated (fungible) asset into an allocated (non-fungible) asset, which is also publically verifiable.

Most crypto bullion enthusiasts are likely to own some physical gold or sliver that they could easily use to personally and publically 'back' their own CBX holdings, both in part or in full.

[BitcoinFX]

So, lets imagine that I back 10 CBX with 1 Oz of fine silver and you back 1 CBX with 5 Oz of fine silver.

11 CBX is now backed by 6 Oz of fine silver having a value of x in whatever currency.

Now factor in many other individuals doing the very same thing and backing CBX using varying quantities of gold, silver, platinum, palladium, nickle and copper - coins and bars etc., all being publically verifiable.

x number of CBX is now backed by x worth of fully decentralized physical bullion.


The provision of goods and services (as well as exchange platforms) helped to build and establish the bitcoin economy.

Being rarer than bitcoin and presenting itself as a 'store-of-value, CBX as asset based commodity money should seek to establish seperate and additonal price discovery through other means.