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Author Topic: Bullion (CBX) 'the Digital Precious Metal' | 2018 Roadmap published  (Read 328072 times)
Smoothmold
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September 28, 2017, 04:18:05 PM
 #4241


I have read something about masternodes. When will this will be released? How much coins do you have to have?

Also, this coin has extremly low volume and volatile. Will there new exchanges coming soon?

Vault 3.0 will require 2000 CBX to form a BPN, see poll above; regarding Roadmap's currently envisioned timeline, see OP of this thread.

As for CBX's trading "issues", there are no simple solutions or predefined recipes for success. What will solve these volatility issues is a bigger community, more people buying CBX. A bigger community will result in CBX getting listed on more exchanges, while getting a big bump in price in the process. Vault 3.0 is about reaching a bigger community, for a sustainable better value.

CBX brings you a scarcity, with so few in circulation and with such a low price (2 million$ market cap), it really won't be hard for its value to shoot up, but as you have realized, there are no guarantees. Also, CBX brings you a 4 year-old blockchain with a spotless history - there has been ups and downs, but no evil stuff.

The decision to join CBX is up to you, while many people would rather buy a coin that is already expensive.




Also, i tried to download the wallet yesterday for windows. It dont sync properly. It is stuck somewhere syncing in the middle. If you guys cant even get a wallet functioning properly, what can i except from you delevering your roadplan?


Wallet 2.4.3 is very robust, once synced. It's getting in sync that can be challenging - this is an issue Vault 3.0 will positively adress.  A stuck wallet points to a Blockchain gone on a fork and not finding connections on that wrong fork - I suggest you reload bootstrap as per aizzaku's post on this page (https://bitcointalk.org/index.php?topic=951753.msg22167188#msg22167188).

Do not try to sync CBX without using the bootstrap, it will not work.

Most important thing while syncing is "Do not try to stake" until fully synced, because this is mainly how forks happen. So, either sync with an empty wallet or encrypt your wallet that holds coin. Using the most current bootstrap from the OP of this thread, it's a two hour process once downloading the bootstrap has completed.

Thanks.

Unfortunately, i am technical novice. I have my question in red. Hopefully someone can help me.

hi, try this

1. delete everything is appdata/roaming/crytobullion folder except wallet.    yes i have deleted everything in de cryptobullion folder expect wallet.dat file
2. download the latest boostrap and extract in that dir. can someone explain step by step what i should do? I dont understand this lol
3. if you using wifi connection make sure your router supports UPnP and its enabled.(sometimes its not enabled by default)
4. start the vault, first it might show no connections but keep it open for sometimes.. it took me about 30-40 mins to get connections.
5. Dont unlock wallet for staking before complete sync.

also did you try out the cbx tool where they have the option of starting the vault with some pre defined nodes.
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September 28, 2017, 05:45:48 PM
 #4242


1. delete everything is appdata/roaming/crytobullion folder except wallet.    yes i have deleted everything in de cryptobullion folder expect wallet.dat file
2. download the latest boostrap and extract in that dir. can someone explain step by step what i should do? I dont understand this lol
3. if you using wifi connection make sure your router supports UPnP and its enabled.(sometimes its not enabled by default)
4. start the vault, first it might show no connections but keep it open for sometimes.. it took me about 30-40 mins to get connections.
5. Dont unlock wallet for staking before complete sync.

also did you try out the cbx tool where they have the option of starting the vault with some pre defined nodes.

Sure Smoothmold! we are a helpful bunch, here

1) The link to download the latest official bootstrap is always in the OP, which is managed by the officials; we don't post it in the thread because people with bad intentions could technically try to fish people to use a tricked bootstrap - but here it is again for simplicity: http://node.alex4j.cryptobullion.io/bootstrap.zip

2) You have deleted all files in your Cryptobullion folder except wallet.dat, good.

3) Next thing is have you locked (encrypted) your CBX Vault? If your balance is zero then you don't have to, but if your balance is any number above zero you must encrypt your Vault (start Vault, use the Settings menu, "Encrypt Vault" - and careful not to forget the password you pick!

4) Close Vault. Keep the Roaming/CryptoBullion folder window open, and make sure it has not regenerated new files - delete any files there except for wallet.dat.

5) Decompress the bootstrap file (right-click the .zip file, decompress), and move all the decompressed files to the .../Roaming/CryptoBullion folder.

6) Restart Vault; do not unlock it if you have a positive balance, let your Vault sync itself - it should not take more than 2-3 hours

7) Once synced, you will see a green checkmark on the bottom right of the Vault window - unlock it (click on blue padlock, for staking) and begin to benefit from the lucrative CBX staking! Leave your Vault open and synced; staking pays 8% yearly, these days (while CBX inflation is 2%).

Can't wait for Vault 3.0 to come out with all these syncing issues resolved!

Welcome to the CryptoBullion family...
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September 28, 2017, 05:57:35 PM
 #4243

Dear Vonpass,

how goes the website bounty, does it pay in dollars or cbx, the 500$. im excited about it, hope i win it are there any one else doing this , have not seen any other post yet?


There are a few entries for this contest; the 500$ will be paid in BTC, according to value of US dollar at the moment of payment; we had agreed to postpone the contest until October 15th.

Good luck to participants; for all others there is still time to create a simple service paid in CBX!
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September 28, 2017, 07:57:16 PM
 #4244


1. delete everything is appdata/roaming/crytobullion folder except wallet.    yes i have deleted everything in de cryptobullion folder expect wallet.dat file
2. download the latest boostrap and extract in that dir. can someone explain step by step what i should do? I dont understand this lol
3. if you using wifi connection make sure your router supports UPnP and its enabled.(sometimes its not enabled by default)
4. start the vault, first it might show no connections but keep it open for sometimes.. it took me about 30-40 mins to get connections.
5. Dont unlock wallet for staking before complete sync.

also did you try out the cbx tool where they have the option of starting the vault with some pre defined nodes.

Sure Smoothmold! we are a helpful bunch, here

1) The link to download the latest official bootstrap is always in the OP, which is managed by the officials; we don't post it in the thread because people with bad intentions could technically try to fish people to use a tricked bootstrap - but here it is again for simplicity: http://node.alex4j.cryptobullion.io/bootstrap.zip

2) You have deleted all files in your Cryptobullion folder except wallet.dat, good.

3) Next thing is have you locked (encrypted) your CBX Vault? If your balance is zero then you don't have to, but if your balance is any number above zero you must encrypt your Vault (start Vault, use the Settings menu, "Encrypt Vault" - and careful not to forget the password you pick!

4) Close Vault. Keep the Roaming/CryptoBullion folder window open, and make sure it has not regenerated new files - delete any files there except for wallet.dat.

5) Decompress the bootstrap file (right-click the .zip file, decompress), and move all the decompressed files to the .../Roaming/CryptoBullion folder.

6) Restart Vault; do not unlock it if you have a positive balance, let your Vault sync itself - it should not take more than 2-3 hours

7) Once synced, you will see a green checkmark on the bottom right of the Vault window - unlock it (click on blue padlock, for staking) and begin to benefit from the lucrative CBX staking! Leave your Vault open and synced; staking pays 8% yearly, these days (while CBX inflation is 2%).

Can't wait for Vault 3.0 to come out with all these syncing issues resolved!

Welcome to the CryptoBullion family...

Thanks! Its synchronizing to the network now. So it will almost good to go i think
Smoothmold
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September 28, 2017, 08:30:23 PM
 #4245


1. delete everything is appdata/roaming/crytobullion folder except wallet.    yes i have deleted everything in de cryptobullion folder expect wallet.dat file
2. download the latest boostrap and extract in that dir. can someone explain step by step what i should do? I dont understand this lol
3. if you using wifi connection make sure your router supports UPnP and its enabled.(sometimes its not enabled by default)
4. start the vault, first it might show no connections but keep it open for sometimes.. it took me about 30-40 mins to get connections.
5. Dont unlock wallet for staking before complete sync.

also did you try out the cbx tool where they have the option of starting the vault with some pre defined nodes.

Sure Smoothmold! we are a helpful bunch, here

1) The link to download the latest official bootstrap is always in the OP, which is managed by the officials; we don't post it in the thread because people with bad intentions could technically try to fish people to use a tricked bootstrap - but here it is again for simplicity: http://node.alex4j.cryptobullion.io/bootstrap.zip

2) You have deleted all files in your Cryptobullion folder except wallet.dat, good.

3) Next thing is have you locked (encrypted) your CBX Vault? If your balance is zero then you don't have to, but if your balance is any number above zero you must encrypt your Vault (start Vault, use the Settings menu, "Encrypt Vault" - and careful not to forget the password you pick!

4) Close Vault. Keep the Roaming/CryptoBullion folder window open, and make sure it has not regenerated new files - delete any files there except for wallet.dat.

5) Decompress the bootstrap file (right-click the .zip file, decompress), and move all the decompressed files to the .../Roaming/CryptoBullion folder.

6) Restart Vault; do not unlock it if you have a positive balance, let your Vault sync itself - it should not take more than 2-3 hours

7) Once synced, you will see a green checkmark on the bottom right of the Vault window - unlock it (click on blue padlock, for staking) and begin to benefit from the lucrative CBX staking! Leave your Vault open and synced; staking pays 8% yearly, these days (while CBX inflation is 2%).

Can't wait for Vault 3.0 to come out with all these syncing issues resolved!

Welcome to the CryptoBullion family...

Thanks! Its synchronizing to the network now. So it will almost good to go i think

Question about staking, you say staking pays 8% yearly. Does it mean that you have to have your wallet open 24/7? So you dont close your pc or laptop?
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September 28, 2017, 10:13:50 PM
 #4246


1. delete everything is appdata/roaming/crytobullion folder except wallet.    yes i have deleted everything in de cryptobullion folder expect wallet.dat file
2. download the latest boostrap and extract in that dir. can someone explain step by step what i should do? I dont understand this lol
3. if you using wifi connection make sure your router supports UPnP and its enabled.(sometimes its not enabled by default)
4. start the vault, first it might show no connections but keep it open for sometimes.. it took me about 30-40 mins to get connections.
5. Dont unlock wallet for staking before complete sync.

also did you try out the cbx tool where they have the option of starting the vault with some pre defined nodes.

Sure Smoothmold! we are a helpful bunch, here

1) The link to download the latest official bootstrap is always in the OP, which is managed by the officials; we don't post it in the thread because people with bad intentions could technically try to fish people to use a tricked bootstrap - but here it is again for simplicity: http://node.alex4j.cryptobullion.io/bootstrap.zip

2) You have deleted all files in your Cryptobullion folder except wallet.dat, good.

3) Next thing is have you locked (encrypted) your CBX Vault? If your balance is zero then you don't have to, but if your balance is any number above zero you must encrypt your Vault (start Vault, use the Settings menu, "Encrypt Vault" - and careful not to forget the password you pick!

4) Close Vault. Keep the Roaming/CryptoBullion folder window open, and make sure it has not regenerated new files - delete any files there except for wallet.dat.

5) Decompress the bootstrap file (right-click the .zip file, decompress), and move all the decompressed files to the .../Roaming/CryptoBullion folder.

6) Restart Vault; do not unlock it if you have a positive balance, let your Vault sync itself - it should not take more than 2-3 hours

7) Once synced, you will see a green checkmark on the bottom right of the Vault window - unlock it (click on blue padlock, for staking) and begin to benefit from the lucrative CBX staking! Leave your Vault open and synced; staking pays 8% yearly, these days (while CBX inflation is 2%).

Can't wait for Vault 3.0 to come out with all these syncing issues resolved!

Welcome to the CryptoBullion family...

Thanks! Its synchronizing to the network now. So it will almost good to go i think

Question about staking, you say staking pays 8% yearly. Does it mean that you have to have your wallet open 24/7? So you dont close your pc or laptop?

Yes, you must keep your Vault (wallet) open and unlocked for staking in order to receive the interest earnings.

The way PoSP is able to pay out  a higher interest rate (currently 8% per year) than the rate of inflation (2% per year) is because only active staking Vaults are eligible to earn interest at any given time. So essentially what is happening when the interest earning rate is 8% per year is that only 1/4 of the network is staking and therefore they are earning the entire 2% inflation rate amongst themselves. The other 3/4 of the network that is not actively staking is forfeiting their potential interest earnings.

Please note that the earnings rate can and does fluctuate based off network participation.

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September 29, 2017, 07:30:05 AM
 #4247

some update about progress of roadmap?
Smoothmold
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September 29, 2017, 12:08:37 PM
 #4248


1. delete everything is appdata/roaming/crytobullion folder except wallet.    yes i have deleted everything in de cryptobullion folder expect wallet.dat file
2. download the latest boostrap and extract in that dir. can someone explain step by step what i should do? I dont understand this lol
3. if you using wifi connection make sure your router supports UPnP and its enabled.(sometimes its not enabled by default)
4. start the vault, first it might show no connections but keep it open for sometimes.. it took me about 30-40 mins to get connections.
5. Dont unlock wallet for staking before complete sync.

also did you try out the cbx tool where they have the option of starting the vault with some pre defined nodes.

Sure Smoothmold! we are a helpful bunch, here

1) The link to download the latest official bootstrap is always in the OP, which is managed by the officials; we don't post it in the thread because people with bad intentions could technically try to fish people to use a tricked bootstrap - but here it is again for simplicity: http://node.alex4j.cryptobullion.io/bootstrap.zip

2) You have deleted all files in your Cryptobullion folder except wallet.dat, good.

3) Next thing is have you locked (encrypted) your CBX Vault? If your balance is zero then you don't have to, but if your balance is any number above zero you must encrypt your Vault (start Vault, use the Settings menu, "Encrypt Vault" - and careful not to forget the password you pick!

4) Close Vault. Keep the Roaming/CryptoBullion folder window open, and make sure it has not regenerated new files - delete any files there except for wallet.dat.

5) Decompress the bootstrap file (right-click the .zip file, decompress), and move all the decompressed files to the .../Roaming/CryptoBullion folder.

6) Restart Vault; do not unlock it if you have a positive balance, let your Vault sync itself - it should not take more than 2-3 hours

7) Once synced, you will see a green checkmark on the bottom right of the Vault window - unlock it (click on blue padlock, for staking) and begin to benefit from the lucrative CBX staking! Leave your Vault open and synced; staking pays 8% yearly, these days (while CBX inflation is 2%).

Can't wait for Vault 3.0 to come out with all these syncing issues resolved!

Welcome to the CryptoBullion family...

Thanks! Its synchronizing to the network now. So it will almost good to go i think

Question about staking, you say staking pays 8% yearly. Does it mean that you have to have your wallet open 24/7? So you dont close your pc or laptop?

Yes, you must keep your Vault (wallet) open and unlocked for staking in order to receive the interest earnings.

The way PoSP is able to pay out  a higher interest rate (currently 8% per year) than the rate of inflation (2% per year) is because only active staking Vaults are eligible to earn interest at any given time. So essentially what is happening when the interest earning rate is 8% per year is that only 1/4 of the network is staking and therefore they are earning the entire 2% inflation rate amongst themselves. The other 3/4 of the network that is not actively staking is forfeiting their potential interest earnings.

Please note that the earnings rate can and does fluctuate based off network participation.

Thank you. For my understanding 2% inflation rate is the same as 2% more CBX every year? So the supply of CBX is increasing 2% a year? Does that mean to counterfait the devaluation of the price of CBX we get 2% interest. But in this case the 2% interest is being distributed amongst the people who are actively staking which are 1/4 of the network, thereby receiving 4 times that amount, thus 8%.

Do i understand it correctly or not?
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September 29, 2017, 01:24:33 PM
 #4249

Thank you. For my understanding 2% inflation rate is the same as 2% more CBX every year? So the supply of CBX is increasing 2% a year? Does that mean to counterfait the devaluation of the price of CBX we get 2% interest. But in this case the 2% interest is being distributed amongst the people who are actively staking which are 1/4 of the network, thereby receiving 4 times that amount, thus 8%.

Do i understand it correctly or not?

It sounds as though you have it my friend. Although I do not quite understand your once sentence (below), but this is probably just due to terminology used.

"Does that mean to counterfait the devaluation of the price of CBX we get 2% interest."

CBX inflation rate is 2% per year on overall money supply.
CBX interest earnings rate (via PoSP) is the distribution of this 2% inflation among the actively staking wallets at any given time.

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September 29, 2017, 01:25:44 PM
 #4250

some update about progress of roadmap?

Please see most recent update below:

Roadmap 2017 status report!

Well, the new BPN Vault 3.0 cannot synchronise with the old CBX blockchain, which is something we did not anticipate, and after some debugging we have found out that we need to review how the Vault 2.4.3 is hashing for the PoSP block targets, and incorporate this into Vault 3.0.

Naturally, this is what we are working on right this moment, we will keep you posted as developments arise, following our commitment to transparency.

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September 30, 2017, 08:03:05 PM
 #4251


(...) So the supply of CBX is increasing 2% a year? Does that mean to counterfait the devaluation of the price of CBX we get 2% interest (...)

Everything else being equal, inflation indeed theoretically induces a reduction of value to existing money supply.

That being said, "everything else being equal" never applies to CBX, as its community grows by much more than 2% yearly; so new community members gobble up that 2% created pretty quickly.

Also, inflation is a necessary evil as there has to be an economic incentive for people to keep their Vaults online and staking - staking is how blocks are formed and transactions made public, the backbone of a decentralized currency.

I would like also to add that the current staking reward is around 8% officially, but because it's not everybody who is staking that can keep their Vaults online 100% of the time my personal yearly interest is closer to 10% actually.
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October 01, 2017, 12:00:28 PM
 #4252


(...) So the supply of CBX is increasing 2% a year? Does that mean to counterfait the devaluation of the price of CBX we get 2% interest (...)

Everything else being equal, inflation indeed theoretically induces a reduction of value to existing money supply.

That being said, "everything else being equal" never applies to CBX, as its community grows by much more than 2% yearly; so new community members gobble up that 2% created pretty quickly.

Also, inflation is a necessary evil as there has to be an economic incentive for people to keep their Vaults online and staking - staking is how blocks are formed and transactions made public, the backbone of a decentralized currency.

I would like also to add that the current staking reward is around 8% officially, but because it's not everybody who is staking that can keep their Vaults online 100% of the time my personal yearly interest is closer to 10% actually.

Thanks for the explanation. Now i understand fully. Good to know the fundamentals of CBX. Enjoying being part of CBX so far. Success on the roadmap. Looks like you have a lot to handle these couple of months!
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October 01, 2017, 12:04:55 PM
 #4253

It only takes investors and good common use of the currency to create market volume.
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October 01, 2017, 08:45:00 PM
 #4254

nice upside simmering
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October 03, 2017, 08:03:29 AM
 #4255

is it possible to fix wallet on yobit? i have some coins blocked here since very long time.

https://yobit.net/en/maintenance_request/
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October 03, 2017, 04:15:37 PM
 #4256

is it possible to fix wallet on yobit? i have some coins blocked here since very long time.

https://yobit.net/en/maintenance_request/

YoBit has to fix their wallet. Traders and the team have requested this several times and YoBit refuses. I see this come up every couple weeks in this thread and the result is always the same.

Do NOT use YoBit!

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October 04, 2017, 04:30:25 AM
 #4257

is it possible to fix wallet on yobit? i have some coins blocked here since very long time.

https://yobit.net/en/maintenance_request/

YoBit has to fix their wallet. Traders and the team have requested this several times and YoBit refuses. I see this come up every couple weeks in this thread and the result is always the same.

Do NOT use YoBit!

Yeah, Yobit is a scammer exchange; many coins are in the same situation as CBX where you can trade them but can`t withdraw - as soon as a given coin has a hard fork, Yobit doesn't update and then they try to squeeze BTC out of devs for them to bring their coin back up again.  Even bigger problem is, even if we do pay, there are no guarantees they will actually do what they say; so there is no point in paying.

The only solution is for people to stay away from Yobit.
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October 04, 2017, 04:35:32 AM
 #4258

is it possible to fix wallet on yobit? i have some coins blocked here since very long time.

https://yobit.net/en/maintenance_request/

YoBit has to fix their wallet. Traders and the team have requested this several times and YoBit refuses. I see this come up every couple weeks in this thread and the result is always the same.

Do NOT use YoBit!

Yeah, Yobit is a scammer exchange; many coins are in the same situation as CBX - as soon as a given coin has a hard fork, Yobit doesn't update and then they try to squeeze BTC out of devs for them to bring their coin back up again.  Even bigger problem is, even if we do pay, there are no guarantees they will actually do what they say; so there is no point in paying.

The only solution is for people to stay away from Yobit.
Sad to hear that Ben but its just reality that yobit really cares only for their benefits it should be their task to keep the wallet works but as what the dev mentioned there's no assurance whether they will comply if the dev will pay them its useless to tackle yobit by now its been answered before.

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cookiehunt
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October 04, 2017, 06:51:39 AM
 #4259

In thread title it says CBX created PoSP, can you explain further about this accomplishment? Does this particular dev still work on the project now and does he have a name?

After the hardfork will there be PoSP rewards as well as MN rewards and if yes, why do we still need PoSP?
mbtc31
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October 04, 2017, 07:02:22 AM
 #4260

i think if it happens, CBX value at $5, it will be great and a miracle too because all i know CBX was over $5 a piece way back in November of 2013 so it has happened before. Cant wait to see how cbx would be more popular after this value happen i know its been 4 years now and we all still waiting for cbx to be rise to that price again and with the new token release im thinking that theres a whale who's trying to control the price and wanted to have more cbx from their bags and earn big when the price rises up.
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