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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 331212 times)
elambert
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June 24, 2017, 11:23:08 AM
 #3841

Just watched CBX drop by about 50% overnight on Cryptopia? What's up?

I don't know about 50% (was 55 cents USD per CBX last night compared to 50 cents USD when I awoke this morning), but markets are volatile. I don't think it has to be a bad thing, just means that some with CBX sold to some who wanted to purchase CBX - coins exchange hands. We have laid out our road map and begun working toward completing it on the outlined time table. Some will like the direction we are going but some may not. The trend has been up so far and volume has picked up so we are certainly on the right track.

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VonSpass
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June 25, 2017, 06:51:23 PM
 #3842

The results of last Poll are very clearly in favor for a 10 000 CBX superblock, which will be used on a Foundation-run BPN (masternode), and all gains from it will be destined to fund future development.

Here is the next poll: what amount of CBX should be mandatorily locked by a user to setup a BPN? This question is more tricky than we can see at first glance, and it's very important. In exchange for providing network block generation and user anonymity, BPN operators get higher reward and to get this privilege they lock a certain amount of CBX for a fixed period of time. This could help the price of CBX, because it will result in less CBX in the markets which can create a situation of scarcity; if we set this locked in amount too low, people will lock in small amounts and it won't help the market, while if the agreed upon amount is too high then many potential investors will not want to immobilize such a large amount of money and will not participate.

What amount of locked in CBX seems just right, in your opinion?

Please note that these amounts can work as increments on a given node; example, if we decide on option D, 1000 CBX, then a BPN can be setup with increments of 1000 (2000, 3000, and so on).

Happy voting!
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June 25, 2017, 07:16:51 PM
 #3843

I would agree about the too high or too low aspect.

Okay, here is what i had in mind, the price of 1 CBX now is lets say $1 and the lock amount is 5000 CBX. But that wouldn't be the case as time goes, the price will increase. So at a certain moment when the price is say $5 each then to use CBN with the same lock amount would be a really huge. Then even if the gains are higher putting in such initial investment would not be attractive. But if the lock amount is like 500 CBX to begin with, as the value increases and the price to run CBN would still be attractive.

Otherwise some dynamic lock amount system should be implemented which makes it worth the investment at any given time.

Being ambitious is good but CBX really has to compete with many alt coins out there.

JOAC
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June 26, 2017, 06:00:01 AM
 #3844

I agree with aizzaku, if you make it 10k just like the supernode, it's gonna be way out of reach for most.
That means way less followers, and everyone will, likely just avoid the coin, as most do trying to mine BTC now, everyone reaches for lower coins with lower price to trade for BTC, and unless you plan on passing BTC soon, then this will make it very unlikely to happen.

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Caliber
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June 26, 2017, 06:03:03 AM
 #3845

Well, my vote is for 1,000 that makes it attainable, and a goal, therefore, I think people will shoot for that number and the sales should increase as well as the members/followers.
500 too low, will make it too easy, and not enough profit per PosP.
I believe that would work almost perfectly.
Just my opinion.
JOAC
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June 26, 2017, 08:12:50 AM
 #3846

I agree with aizzaku, if you make it 10k just like the supernode, it's gonna be way out of reach for most.
That means way less followers, and everyone will, likely just avoid the coin, as most do trying to mine BTC now, everyone reaches for lower coins with lower price to trade for BTC, and unless you plan on passing BTC soon, then this will make it very unlikely to happen.

+1

I voted for 500 CBX, but if i could change my vote, I would now agree with Caliber,  makes sense...if my vote can be changed, please change it. to 1000 CBX.

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malafaya
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June 26, 2017, 01:53:50 PM
 #3847

Just something that crossed my mind in the past few days: if we implement the superblock we voted for last week, won't we be risking being excluded from Cryptopia for "changing the blockchain"?
Out of Cryptopia, there won't be any "acceptable" exchange for us to trade at.

elambert
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June 26, 2017, 04:50:42 PM
 #3848

Just something that crossed my mind in the past few days: if we implement the superblock we voted for last week, won't we be risking being excluded from Cryptopia for "changing the blockchain"?
Out of Cryptopia, there won't be any "acceptable" exchange for us to trade at.

Cryptopia delists for reversing transactions (editing blockchain history). This is a completely different matter.

malafaya
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June 26, 2017, 11:12:42 PM
 #3849

Just something that crossed my mind in the past few days: if we implement the superblock we voted for last week, won't we be risking being excluded from Cryptopia for "changing the blockchain"?
Out of Cryptopia, there won't be any "acceptable" exchange for us to trade at.

Cryptopia delists for reversing transactions (editing blockchain history). This is a completely different matter.
Ok, good to know.

Yannic
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June 28, 2017, 04:04:44 AM
 #3850

Was anniversary of the block #1 or i'm wrong ?
https://chainz.cryptoid.info/cbx/block.dws?1.htm


Is there any official anniversary birth date for CBX ?

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NASdaq
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June 28, 2017, 08:58:27 AM
 #3851

The sweet spot for a BPN is 2000, it gives everyone reading this TODAY a great chance of getting one (under 1k USD), so it'll lock up more coins early.

1000 is too low
5000 is too high

edit: with a CBX marketcap of 10M, a BPN would be valued at 20K USD with requirement of 2000 coins - that feels right for a coin with low supply getting inspiration from Bullion
UtopianNow
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June 28, 2017, 09:12:40 AM
 #3852

The sweet spot for a BPN is 2000, it gives everyone reading this TODAY a great chance of getting one (under 1k USD), so it'll lock up more coins early.

1000 is too low
5000 is too high

edit: with a CBX marketcap of 10M, a BPN would be valued at 20K USD with requirement of 2000 coins - that feels right for a coin with low supply getting inspiration from Bullion

I agree, BPN's should require a significant investment, CBX is a rare store of value coin, not the crypto you use to buy coffee & donuts with.
Adam D Levine
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June 28, 2017, 09:29:19 AM
 #3853

2000 coins is too high, with only 500 BPN nodes there'd be no CBX left in circulation.

Is there a limit on how many total coins can be locked in the BPN's?

What's the target number of BPN's?

I reckon dev team should decide the parameters, community votes are dangerous, not everyone thinks about the ramifications as deeply as the devs
JOAC
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June 28, 2017, 10:58:48 AM
 #3854

2000 coins is too high, with only 500 BPN nodes there'd be no CBX left in circulation.

Is there a limit on how many total coins can be locked in the BPN's?

What's the target number of BPN's?

I reckon dev team should decide the parameters, community votes are dangerous, not everyone thinks about the ramifications as deeply as the devs

If that is the case then 500 should be the case, because, if these coins are ever to be that valuable, and I hope they are, then, 500 should be sufficient to get the job done, unless the dev plans on being like the Federal Reserve and requires a tax on every penny, and if that is the case, then why not just stick with regular currency?

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KLONE
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June 28, 2017, 12:34:58 PM
 #3855

I reckon dev team should decide the parameters, community votes are dangerous, not everyone thinks about the ramifications as deeply as the devs

+1
I voted for 2000, but now I'm not sure ... without knowing the optimum number of masternodes it's hard to judge.
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June 28, 2017, 01:02:29 PM
 #3856

Is there a limit on how many total coins can be locked in the BPN's?

What's the target number of BPN's?

I reckon dev team should decide the parameters, community votes are dangerous, not everyone thinks about the ramifications as deeply as the devs

Yes there will be a limit on total coins. Internal discussions are leaning towards 25% of total supply so once this quota is met, there would be a queue to fill any BPN spots that come available. Target number of BPN's is to be determined.

The devs will make the decisions on the parameters but as there are some variables to play with, we want to hear the communities thoughts on amount for operating a BPN so this can be weighed in to the decision making process.

Thank you for the feedback.

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June 28, 2017, 01:03:55 PM
 #3857

Crypto Bullion hits a milestone today.


HAPPY 4TH BIRTHDAY TO CBX!

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June 28, 2017, 02:23:49 PM
 #3858

Crypto Bullion hits a milestone today.


HAPPY 4TH BIRTHDAY TO CBX!

That's a marvellous achievement, wow, 4 years in this space is a LONG time to survive, congratulations!!
digit
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June 28, 2017, 02:59:07 PM
 #3859

Crypto Bullion hits a milestone today.


HAPPY 4TH BIRTHDAY TO CBX!

That's a marvellous achievement, wow, 4 years in this space is a LONG time to survive, congratulations!!

Wonderful Smiley

About the masternode plan, if going down this road i suggest no higher then 1000 CBX to run one, and has anyone checked with Cryptopia, if they would be okay with an injection of coins into the supply.  It might not be a rollback but it is still tinkering with coin supply.  Should also be considered that there also can be unforeseen risks/exploits introduced with a creating a superblock eg someone finding a way to exploit it later to generate more superblocks of coins for themselves.   As well as the negative perception of a hard fork that gives coins to the devs, this could be a complete turn off to potential investors down the track.  

If 10,000 CBX are required by the devs to make a supernode then these CBX should come from the existing supply via donation from the community.  This would be the safer and less risk.  Looking at the SPK ico it was able to take in 186,825 CBX, so it should not be difficult to get 10,000 CBX for the purpose of taking CBX forward as there are more users that would support this imho.  

I suggest a donation address should be set for the supernode fund and a progress meter posted to show how close we are to raising the 10,000. after which the new bullion nodes could introduce.  This would also demonstrate some real community spirit vs creating a superblock.


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elambert
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June 28, 2017, 03:43:37 PM
 #3860

Crypto Bullion hits a milestone today.


HAPPY 4TH BIRTHDAY TO CBX!

That's a marvellous achievement, wow, 4 years in this space is a LONG time to survive, congratulations!!

Wonderful Smiley

About the masternode plan, if going down this road i suggest no higher then 1000 CBX to run one, and has anyone checked with Cryptopia, if they would be okay with an injection of coins into the supply.  It might not be a rollback but it is still tinkering with coin supply.  Should also be considered that there also can be unforeseen risks/exploits introduced with a creating a superblock eg someone finding a way to exploit it later to generate more superblocks of coins for themselves.   As well as the negative perception of a hard fork that gives coins to the devs, this could be a complete turn off to potential investors down the track.  

If 10,000 CBX are required by the devs to make a supernode then these CBX should come from the existing supply via donation from the community.  This would be the safer and less risk.  Looking at the SPK ico it was able to take in 186,825 CBX, so it should not be difficult to get 10,000 CBX for the purpose of taking CBX forward as there are more users that would support this imho.  

I suggest a donation address should be set for the supernode fund and a progress meter posted to show how close we are to raising the 10,000. after which the new bullion nodes could introduce.  This would also demonstrate some real community spirit vs creating a superblock.



Good points digit, we will give the funding address a try. I agree this would by far be the ideal but based off of the vote we had, it doesn't look like the support is there.

With regard to Cryptopia's policy, we have reached out a couple days ago and awaiting a response.

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