Bitcoin Forum
December 15, 2018, 01:17:48 AM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Poll
Question: Should CBX remove planned anon implementation to obtain listing on Coinbook.com?
Keep anon, no Coinbook
Remove anon, list on Coinbook

Pages: « 1 ... 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] 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 ... 258 »
  Print  
Author Topic: Bullion (CBX) 'the Digital Precious Metal' | 2018 Roadmap published  (Read 331213 times)
BitcoinCharlie
Legendary
*
Offline Offline

Activity: 1260
Merit: 1001



View Profile WWW
June 16, 2017, 02:21:22 PM
 #3801


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.
After the sync, it began staking successfully. Thanks again for your assistance.

Unobtanium - The crypto commodity you keep! |
Hate Inflation? You'll love $UNO
1544836669
Hero Member
*
Offline Offline

Posts: 1544836669

View Profile Personal Message (Offline)

Ignore
1544836669
Reply with quote  #2

1544836669
Report to moderator
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1544836669
Hero Member
*
Offline Offline

Posts: 1544836669

View Profile Personal Message (Offline)

Ignore
1544836669
Reply with quote  #2

1544836669
Report to moderator
1544836669
Hero Member
*
Offline Offline

Posts: 1544836669

View Profile Personal Message (Offline)

Ignore
1544836669
Reply with quote  #2

1544836669
Report to moderator
1544836669
Hero Member
*
Offline Offline

Posts: 1544836669

View Profile Personal Message (Offline)

Ignore
1544836669
Reply with quote  #2

1544836669
Report to moderator
cryptobullion.io
Full Member
***
Offline Offline

Activity: 152
Merit: 112


View Profile
June 16, 2017, 02:33:53 PM
 #3802


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.
After the sync, it began staking successfully. Thanks again for your assistance.

Good deal, thanks for the update and the network support.
Caliber
Newbie
*
Offline Offline

Activity: 60
Merit: 0


View Profile
June 16, 2017, 06:22:41 PM
 #3803

How long does a wallet have to stay open and staking to see any gains?

by the way, it is updated.
elambert
Legendary
*
Offline Offline

Activity: 1659
Merit: 1007



View Profile
June 16, 2017, 06:27:25 PM
 #3804

How long does a wallet have to stay open and staking to see any gains?

by the way, it is updated.


Depends on how many CBX you have and how much competition is out there staking against you. After 1 hour online your CBX is eligible to stake and once you do get a block, another hour must go by before you are eligible again. How many are staking?

Caliber
Newbie
*
Offline Offline

Activity: 60
Merit: 0


View Profile
June 17, 2017, 07:00:09 AM
 #3805

so are you saying in other words, that you do not get a percentage for staking? but are in esence, competing for POS? I thought POS was like interest% not mining?
BitFinnese
Copper Member
Hero Member
*****
Offline Offline

Activity: 896
Merit: 500


SEYBLOCK - The New Generation of Digital Era


View Profile
June 17, 2017, 07:36:29 AM
 #3806

so are you saying in other words, that you do not get a percentage for staking? but are in esence, competing for POS? I thought POS was like interest% not mining?

The idea about PosP is interesting but since there is competition between open wallet, those who have few coins cannot compete against those who have large stash.  I believe this only benefits those who have huge bag of CBX.  Not a small holder friendly.  It is not participation but rather competition.

Depends on how many CBX you have and how much competition is out there staking against you. After 1 hour online your CBX is eligible to stake and once you do get a block, another hour must go by before you are eligible again. How many are staking?

If they can address the issue of the competition but give an equivalent share of stake  of the coins that are not currently staking to those open wallet would be awesome.

.


.
.



▄██▄
▄██████▄
▀██████▀
▄██▄  ▀██▀  ▄██▄
▄██████▄▂▂▂▂▄██████▄
▀██████▀▔▔▔▔▀██████▀
▄██▄  ▀██▀  ▄██▄  ▀██▀  ▄██▄
▄██████▄ ▐▌ ▄██████▄    ▄██████▄
▀██████▀ ▐▌ ▀██████▀    ▀██████▀
▄██▄  ▀██▀  ▄██▄  ▀██▀  ▄██▄  ▀██▀  ▄██▄
▄██████▄▂▂▂▂▄██████▄ ▐▌ ▄██████▄▂▂▂▂▄██████▄
▀██████▀▔▔▔▔▀██████▀ ▐▌ ▀██████▀▔▔▔▔▀██████▀
▀██▀  ▄██▄  ▀██▀  ▄██▄  ▀██▀  ▄██▄  ▀██▀
▄██████▄ ▐▌ ▄██████▄▂▂▂▂▄██████▄
▀██████▀ ▐  ▀██████▀▔▔▔▔▀██████▀
▀██▀  ▄██▄  ▀██▀  ▄██▄  ▀██▀
▄██████▄ ▐▌ ▄██████▄
▀██████▀ ▐▌ ▀██████▀
▀██▀  ▄██▄  ▀██▀
▄██████▄
▀██████▀
▀██▀
.
SEYBLOCK
.


.


.
.
WP
▀▀▀
.


.
.
▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
███████████████▀▀  █████
████████████▀▀      ██████
▐████████▀▀   ▄▄     ██████▌
▐████▀▀    ▄█▀▀     ███████▌
▐████████ █▀        ███████▌
████████ █ ▄███▄   ███████
████████████████▄▄██████
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀
.


elambert
Legendary
*
Offline Offline

Activity: 1659
Merit: 1007



View Profile
June 17, 2017, 10:29:02 AM
 #3807

so are you saying in other words, that you do not get a percentage for staking? but are in esence, competing for POS? I thought POS was like interest% not mining?

The idea about PosP is interesting but since there is competition between open wallet, those who have few coins cannot compete against those who have large stash.  I believe this only benefits those who have huge bag of CBX.  Not a small holder friendly.  It is not participation but rather competition.

Depends on how many CBX you have and how much competition is out there staking against you. After 1 hour online your CBX is eligible to stake and once you do get a block, another hour must go by before you are eligible again. How many are staking?

If they can address the issue of the competition but give an equivalent share of stake  of the coins that are not currently staking to those open wallet would be awesome.

Couple of things here:

In traditional PoS one would receive a set percentage of annual interest on their coins, let us use CBX's 2% inflation in this example. In order for one to receive this, they would only have to open their wallet periodically based on the settings - typically every 30 - 90 days, receive the payment and then close their wallet. The coins they own are doing very little to promote security or confirm transactions and they still have to compete against other wallets (days * coins equation for priority of staking order).

In PoSP this structure is changed forcing stakers to 'earn' rather than just receive. Earning PoSP interest is dependent on contributing to network security and transaction confirmations. In order to do be eligible, one must keep their Vault (wallet) running and after a period of 1 hour, they start to compete for the blocks occurring every 65 seconds. Larger wallets will win more blocks, this is true but they still have to wait 1 hour after staking and compete with the smaller wallets that are accumulating via the 'days * coins' equation - just like the traditional model. The end result here is that everyone who owns coins and stakes continuously will earn 3-6 times higher interest (6% -12% annually) then they would in the traditional model since all coins will never be participating at all times (coins at exchanges, in cold storage, lost coins, etc).

We prefer this model of rewarding those who participate in supporting the network to one that just pays an interest for owning coins.

Cbx.Bet
Full Member
***
Offline Offline

Activity: 152
Merit: 101



View Profile
June 17, 2017, 10:31:44 AM
 #3808



The idea about PosP is interesting but since there is competition between open wallet, those who have few coins cannot compete against those who have large stash.  I believe this only benefits those who have huge bag of CBX.  Not a small holder friendly.  It is not participation but rather competition.

POSP does not favor large portfolios.
If 20% of the wallets staked. The staking yields 10%
If you have a $ 100 wallet you earn $ 0.83 per month.
If you have a $ 10,000 wallet you earn $ 83 a month.

BitcoinCharlie
Legendary
*
Offline Offline

Activity: 1260
Merit: 1001



View Profile WWW
June 17, 2017, 02:19:57 PM
 #3809

How does one tell his wallet how much of the coins in the wallet to stake? Or is it always 100% of the coins in the wallet?

Unobtanium - The crypto commodity you keep! |
Hate Inflation? You'll love $UNO
elambert
Legendary
*
Offline Offline

Activity: 1659
Merit: 1007



View Profile
June 17, 2017, 03:19:39 PM
 #3810

How does one tell his wallet how much of the coins in the wallet to stake? Or is it always 100% of the coins in the wallet?

Your Vault will stake all coins in it.

JOAC
Full Member
***
Offline Offline

Activity: 159
Merit: 100


View Profile
June 17, 2017, 07:47:23 PM
 #3811

Wow, i love how quickly you answer all the questions, and very clearly, you guys have it going on. Glad I snagged some of these coins.
Great team here that really knows their product. RARE!!!

▀     DeepOnion  |  TOR Integrated & Secured  [ Facebook  Telegram  Bitcointalk  Twitter  Youtube  Reddit ]     ▀
Your Anonymity Guaranteed  ★  Your Assets Secured by TOR  ★  Guard Your Privacy!   ❱❱❱ JOIN AIRDROP NOW!
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬  File Authenticity Guaranteed by DeepVault  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
BTC - 1JsyiQzsREsszhG2VPfDdjKsq2aUumMZCp
Alex4J
Member
**
Offline Offline

Activity: 92
Merit: 13


View Profile
June 18, 2017, 11:50:41 AM
 #3812

so are you saying in other words, that you do not get a percentage for staking? but are in esence, competing for POS? I thought POS was like interest% not mining?

The idea about PosP is interesting but since there is competition between open wallet, those who have few coins cannot compete against those who have large stash.  I believe this only benefits those who have huge bag of CBX.  Not a small holder friendly.  It is not participation but rather competition.

Depends on how many CBX you have and how much competition is out there staking against you. After 1 hour online your CBX is eligible to stake and once you do get a block, another hour must go by before you are eligible again. How many are staking?

If they can address the issue of the competition but give an equivalent share of stake  of the coins that are not currently staking to those open wallet would be awesome.
Hello,
Interesting point, but you are wrong, CBX wallet like all coins split your stake in half if they are higher than 1k cbx.
It means biggest wallet only stake with maximum of 1k CBX.
500 CBX in a stake are completly ok and enough to stake, and it's pretty cheap nowadays, it's ~$20. It's still an amount of money, but you can stake with only 100 cbx too, it's just less common to have block but you still earn blocks very often and it's costing ~$5. So it's not a competition between big wallet, it's just an investment.

CBX Dev Donate: 5oS6SK8411DUdxritrohRW96rZmHC9DX7d
VonSpass
Legendary
*
Offline Offline

Activity: 897
Merit: 1064



View Profile
June 19, 2017, 04:32:11 PM
 #3813

Here are the final results from the last poll regarding inflation:

Quote
After much debating, the devs of CBX agree to innovating and implementing 'PoSP Masternodes' - Same participation idea where online participants get all rewards, thus making actual personal gain percentage much higher

Keep the current 2% inflation profile: 2.5% global reward to PoSP masternode runners (12 500 CBX yearly) and 1.5% global reward (7 500 CBX) to non masternode - 20 votes


Increase inflation slightly to 2.75%, to better entice masternode creation: 4% to masternodes (20 000 CBX yearly) and 1.5% (7 500) to non masternode - 11 votes

Increase inflation more significantly to even better reward masternode runners - 3.25%: 5% to masternodes (25 000 CBX yearly) and 1.5% (7 500) to non masternode - 4 votes

I do not want CBX to implement masternodes - 3 votes

The results are overwhelmingly clear, community still wants masternodes (or BPN's) but community does not want more inflation!

Stay tuned for next poll
orco#2
Hero Member
*****
Offline Offline

Activity: 869
Merit: 1000



View Profile
June 19, 2017, 04:58:22 PM
 #3814

how get to $50 per cbx?

           ▄▄███████▄▄
        ▄███▀▀
▄▄▄▄    ▀▄
     ▄▄█████████████▄▄  ▀▄
  ▄▀▀██▀           ▀▀██▄▄▀▄
▄▀  ██                 ▀██
  ██       ▀▀█▀▀         █
█▀        █ █ █        ▄█▀▄
▀▄         █ █ █       ▄█  █
 ██         █▄▄▄█      ▄█  ▄▀
  ██▄                ▄█▀  ▄▀
  ▀▄▀██▄▄          ▄█▀  ▄▀
   ▀▄ ▀▀███▄▄▄▄▄▄█████▀▀
     ▀▀▄▄▄▄▄▄▀▀▀▀▀▀▀
.UTRUST.▀████████▄
  ▀███████▄
    ▀██████▄
      ▀██████
       ▀█████
        ▀████▄
         █████
          ▀███
           ███
           ▀██
            ██
             █
             █
●  Download WHITEPAPER  ●
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ▼ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
facebook      twitter      slack
▀████████▄
  ▀███████▄
    ▀██████▄
      ▀██████
       ▀█████
        ▀████▄
         █████
          ▀███
           ███
           ▀██
            ██
             █
             █
VonSpass
Legendary
*
Offline Offline

Activity: 897
Merit: 1064



View Profile
June 19, 2017, 05:39:15 PM
 #3815

New poll posted; I know this will be a sticky point for many people since we are suggesting the creation of 10 000 CBX, so let's all decide together how we will fund further dev work, once we complete the upcoming Roadmap (this Roadmap will be posted here later today). We have found a creative way to provide ongoing financing.

We will ask for 10 000 CBX to be locked in a Foundation maintained Bullion Participation Node (BPN), or masternode. This 10 000 CBX created by superblock shall be locked in this BPN, and the network gains made from running this BPN will be used to fund future development.

As one can expect, once this new environment of masternodes is in place, adjustments, marketing and further coding and marketing will always be needed, and this is not free. What this proposed financing method guarantees is permanent funding for ongoing development; we are a small community so there are no easy choices where we just leave to others to do the heavy lifting - either we contribute by paying, or we allow CBX team to create a superblock gain that will forever be used to permanently replenish CBX Foundation's coffers for upcoming projects.

This superblock can be explained and justified by the CBX blocks that did not happen since PoSP, as you know that the CBX network has not been paying the stated 2% - actual inflation has been around 1.5% - 1.6% for a compounded 1.8% total. Now, with this hard fork we have an opportunity to leverage these "missed" CBX. Also, before CBX adopted PoSP, CBX was using a PoS algorithm where transfers cancelled some coin-age, thus resulting in the network not generating the stated 2%. With this superblock option we will finance this project while creating CBX that should have been created anyway.

Voting for options 2 or 3 is a binding oath agreement, folks. Should any of those 2 options be selected by majority, we will expect the right amount to be deposited within a period of time OR CBX team will have no choice but falling back on option 1 if people's vouches are not respected. All funds vouched and received as per options 2 and 3 would be used to purchase the 10 000 CBX needed from the exchange market - if we decide not to have the superblock.
elambert
Legendary
*
Offline Offline

Activity: 1659
Merit: 1007



View Profile
June 19, 2017, 07:35:47 PM
 #3816

how get to $50 per cbx?


First we get to $5 per CBX - road-map projects should get us to this point at least. At that point development will be permanently funded and continue as well as incorporate more assistance (coding, advertising, etc).

Attack.of.the.Clones
Full Member
***
Offline Offline

Activity: 144
Merit: 100


View Profile
June 20, 2017, 02:03:23 AM
 #3817

New poll posted; I know this will be a sticky point for many people since we are suggesting the creation of 10 000 CBX, so let's all decide together how we will fund further dev work, once we complete the upcoming Roadmap (this Roadmap will be posted here later today). We have found a creative way to provide ongoing financing.

We will ask for 10 000 CBX to be locked in a Foundation maintained Bullion Participation Node (BPN), or masternode. This 10 000 CBX created by superblock shall be locked in this BPN, and the network gains made from running this BPN will be used to fund future development.

As one can expect, once this new environment of masternodes is in place, adjustments, marketing and further coding and marketing will always be needed, and this is not free. What this proposed financing method guarantees is permanent funding for ongoing development; we are a small community so there are no easy choices where we just leave to others to do the heavy lifting - either we contribute by paying, or we allow CBX team to create a superblock gain that will forever be used to permanently replenish CBX Foundation's coffers for upcoming projects.

This superblock can be explained and justified by the CBX blocks that did not happen since PoSP, as you know that the CBX network has not been paying the stated 2% - actual inflation has been around 1.5% - 1.6% for a compounded 1.8% total. Now, with this hard fork we have an opportunity to leverage these "missed" CBX. Also, before CBX adopted PoSP, CBX was using a PoS algorithm where transfers cancelled some coin-age, thus resulting in the network not generating the stated 2%. With this superblock option we will finance this project while creating CBX that should have been created anyway.

Voting for options 2 or 3 is a binding oath agreement, folks. Should any of those 2 options be selected by majority, we will expect the right amount to be deposited within a period of time OR CBX team will have no choice but falling back on option 1 if people's vouches are not respected. All funds vouched and received as per options 2 and 3 would be used to purchase the 10 000 CBX needed from the exchange market - if we decide not to have the superblock.

I'm voting for the Superblock, CBX has been around since 2013 but still might struggle to get sufficient donations as community is small. The Superblock makes sense!
Cbx.Bet
Full Member
***
Offline Offline

Activity: 152
Merit: 101



View Profile
June 20, 2017, 11:43:03 AM
 #3818

Eager to discover the roadmap Smiley

VonSpass
Legendary
*
Offline Offline

Activity: 897
Merit: 1064



View Profile
June 20, 2017, 03:13:20 PM
 #3819

aizzaku
Legendary
*
Offline Offline

Activity: 1022
Merit: 1001



View Profile
June 20, 2017, 04:35:12 PM
 #3820


Interesting... looking forward to it. Also please consider what i sent elambert in PM.

Pages: « 1 ... 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] 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 ... 258 »
  Print  
 
Jump to:  

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!