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Author Topic: Bullion (CBX) 'the Digital Precious Metal' | 2018 Roadmap published  (Read 329343 times)
Big Naturals
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January 23, 2018, 02:52:22 PM
 #4681

I like the idea of limiting the number of BPN's to only 125, but how do we get on the queue, who will manage it? Will the queue be a point of criticism from fans of decentralisation? Maybe add some random factor to selection, otherwise corruption might occur, assuming there are more than 125 people with +2k CBA.

Good question.

We code this so that there is no limit on BPNs. However there are 2 classifications, Active BPN & Inactive BPN assigned on a first come first serve criteria.

Active BPNs are #1 - #125, provide assigned service to the network and receive a reward (9-18% annual).

Inactive BPNs are #126 - infinity. They do not provide assigned service and do not receive a reward.

If 1 of the 125 active BPNs drops below the 2000 CBX threshold then they forfeit their BPN. The first in line inactive BPN (#126) moves up a spot, is activated, begins providing assigned service and starts earning reward.

To be in the queue you have to meet all of the requirements of a BPN and you will be activated when a spot opens up and you are the next in line.

This does 2 positive things for the overall ecosystem as well.
1. Increase upward price pressure through scarcity by allowing the removal of more CBX from circulation. Now we can have more than 250,000 CBX locked away for BPNs. (125 BPN x 2,000 CBX = 250,000 CBX) plus additional 'inactive BPNs' waiting in queue
2. Increases PoSP rewards by removing additional CBX from staking.

Thanks for the answer!

Can I apply for a BPN now? I have enough CBA for at least 2, maybe 3.

The only steps to take right now are to secure your CBX and wait for Vault 3.0 launch.

In the meantime you can stake via PoSP and earn about 6% annual interest though.

Ok, I'll wait for more info, staking 24/7
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January 23, 2018, 07:51:13 PM
 #4682

I raised the possibility of in the future creating more advanced masternodes that work as standard savings accounts that produce better interest the more cbx you accumulate and the longer you save them for.

this would incentivise accumulation and holding and make people think twice about dumping and churning for short term profits.

We should see those with a long term view those people seem to have a saving mentality not out for the quick buck which can cause instability which hinders cbx or any other crypto being used as a real currency

Yes, the tiered approach with added incentives is a very good one. Essentially this is what we are implementing in our own unique way. One limitation we have in coding and design (actually a huge strength to the coins value) is our hard limit of 2% annual inflation. Due to this parameter, we do not have the luxury of unlimited masternodes or inflation for paying them. This also imposes limits to adding in multiple tiers. The difficulty being, how do you pay each out and make them desirable while working within a 2% annual inflation rate on approximately 1 million coins?

We have devised a 2-tier way to do this with PoSP and BPN (our masternodes).

With our design, PoSP stakers will earn between 3-6% annually while BPN operators will receive a higher reward ranging between 9-18%.

As far as adding in additional incentives for the BPN operators to hold for long term and think twice about dumping, I think our limit of 125 maximum BPN slots fulfills this. If an owner of one of the 125 BPN considers selling, they will have to factor in the queue waiting their turn for one of the limited and fixed number of BPNs. Losing your spot and not being to able to get it back is quite a powerful decision influencer here.

I like the idea of limiting the number of BPN's to only 125, but how do we get on the queue, who will manage it? Will the queue be a point of criticism from fans of decentralisation? Maybe add some random factor to selection, otherwise corruption might occur, assuming there are more than 125 people with +2k CBA.

Good question.

We code this so that there is no limit on BPNs. However there are 2 classifications, Active BPN & Inactive BPN assigned on a first come first serve criteria.

Active BPNs are #1 - #125, provide assigned service to the network and receive a reward (9-18% annual).

Inactive BPNs are #126 - infinity. They do not provide assigned service and do not receive a reward.

If 1 of the 125 active BPNs drops below the 2000 CBX threshold then they forfeit their BPN. The first in line inactive BPN (#126) moves up a spot, is activated, begins providing assigned service and starts earning reward.

To be in the queue you have to meet all of the requirements of a BPN and you will be activated when a spot opens up and you are the next in line.

This does 2 positive things for the overall ecosystem as well.
1. Increase upward price pressure through scarcity by allowing the removal of more CBX from circulation. Now we can have more than 250,000 CBX locked away for BPNs. (125 BPN x 2,000 CBX = 250,000 CBX) plus additional 'inactive BPNs' waiting in queue
2. Increases PoSP rewards by removing additional CBX from staking.

WOW!!

CBX is about to become extremely hard to get hold of. I'm sure there are people who are selling CBX and don't fully understand how quickly things will take off, and how expensive it will quickly become to buy.

Bullion is going to become the ultimate store of value, and those that hold on tight now,  while we are still a small community will reap the rewards.

Running a masternode will be very rewarding, but just owning a few hundred will set you up for life IMO.

Bullion (CBX) ◢◤Clients
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transit
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January 23, 2018, 09:51:35 PM
 #4683

only 1.15% of the total CBX supply are listed in cryptopia's orderbook.

somebody is trying to buy 4.4k CBX @ 40k sat.

will be interesting to see if somebody dumps that amount.

I'll be accumulating more, that's for sure.

Already staking, I'm getting 1+ CBX/day.

I think it can grow up to 1k USD easily in some time.
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January 24, 2018, 05:51:52 AM
 #4684

only 1.15% of the total CBX supply are listed in cryptopia's orderbook.

somebody is trying to buy 4.4k CBX @ 40k sat.

will be interesting to see if somebody dumps that amount.

I'll be accumulating more, that's for sure.

Already staking, I'm getting 1+ CBX/day.

I think it can grow up to 1k USD easily in some time.


Nice to see an early Bullionaire getting back in the Bullion game; welcome back transit!
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January 24, 2018, 08:31:11 PM
 #4685

i cant DL the wallet on the websit, im alone ?

Compte JUmpy14 hacké (Hero member)
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January 24, 2018, 09:34:54 PM
 #4686

i cant DL the wallet on the websit, im alone ?
What problem are you having?
Download links on the website (http://cryptobullion.io) simply direct you to GitHub at https://github.com/cryptogenicbonds/CryptoBullion-CBX/releases/tag/2.4.3

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January 25, 2018, 01:04:39 AM
 #4687

can someon eexplain the further use of CBX? Just holding value isnt a real use case. Everycoin could do this/or couldnt if it gets dumped. except you will do some heavy market manipulation you wont be able to gurantee a stable value arent you? (and if you are looking at graphs it doesnt seem stable at all^^)

https://stakeunited.com/registernow
Big Naturals
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January 25, 2018, 03:04:33 AM
Merited by Dabs (1), digit (1), Killiz (1), Alex4J (1)
 #4688

can someon eexplain the further use of CBX? Just holding value isnt a real use case. Everycoin could do this/or couldnt if it gets dumped. except you will do some heavy market manipulation you wont be able to gurantee a stable value arent you? (and if you are looking at graphs it doesnt seem stable at all^^)

Your question lies at the heart of all crypto from here on. Yes, it is simple and cheap to clone/copy any crypto coin, and thus coin supply is virtually unlimited when we take into account ALL the possible clones, so, how can any particular coin hold value? I think the answer is still uncertain, but the early adopters of these 1st & 2nd generation coins create the 'vibe', and if the 'vibe' is good, the network effect will take over, and the popular coins that hold their value become the popular coins that hold their value ... because, they're the popular coins that hold their value. I hope CBX is one of these 'popular' coins, but it isn't certain by any means, but the potential is there, because:

1- launch of CBX was fair with no 'smell' (like DASH or STEEM)
2- CBX usecase is clear and simple to explain (i.e. digital store of value, virtual precious metal), not trying to be everything, do one thing better than competition
3- PoSP is common sense, but so many other PoS coins don't use it (i.e. only get real inflation adjusted % if you help secure the network)
4- BPN's serve dual purpose, 1. secure the network , 2. limit liquid supply
5- CBX is +4 years old with active community & quality devs, and longevity in crypto is usually rewarded


ALL these factors encourage long term HODL, so the future network effect for CBX as a store of value is likely to be superior to many other cryptos, but obviously not certain.

Post BTC::BCH split we end up with four basic types of crypto:

1- currencies (like BCH)
2- commodities (like BTC)
3- platform tokens (like ETH)
4- app tokens (ERC20 Zoo)

CBX is a commodity, like legacy BTC - which one is more likely to x10 in 2018, BTC with a current MK of +190 billion USD, or CBX with a MK of 4-5 million USD?

Don't get me wrong, BTC is a better store of value today (has a much stronger network effect), but for new entrants into crypto who think 10k USD is expensive for bitcoin ... they can buy a similar 'digital gold' for $4-5, and CBX doesn't suffer all the governance issues of BTC, and isn't going to ever have an existential crisis over what it is ('am I a currency, or a commodity?'), CBX is a digital commodity, I don't think I'll ever use it to buy coffee, but maybe one day use it to buy something expensive, like a car or house or boat.

CBX has risk, but compared to most other crypto is still massively undervalued, so it's a great investment!


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January 25, 2018, 02:30:32 PM
Merited by Dabs (1)
 #4689

can someon eexplain the further use of CBX? Just holding value isnt a real use case. Everycoin could do this/or couldnt if it gets dumped. except you will do some heavy market manipulation you wont be able to gurantee a stable value arent you? (and if you are looking at graphs it doesnt seem stable at all^^)

Your question lies at the heart of all crypto from here on. Yes, it is simple and cheap to clone/copy any crypto coin, and thus coin supply is virtually unlimited when we take into account ALL the possible clones, so, how can any particular coin hold value? I think the answer is still uncertain, but the early adopters of these 1st & 2nd generation coins create the 'vibe', and if the 'vibe' is good, the network effect will take over, and the popular coins that hold their value become the popular coins that hold their value ... because, they're the popular coins that hold their value. I hope CBX is one of these 'popular' coins, but it isn't certain by any means, but the potential is there, because:

1- launch of CBX was fair with no 'smell' (like DASH or STEEM)
2- CBX usecase is clear and simple to explain (i.e. digital store of value, virtual precious metal), not trying to be everything, do one thing better than competition
3- PoSP is common sense, but so many other PoS coins don't use it (i.e. only get real inflation adjusted % if you help secure the network)
4- BPN's serve dual purpose, 1. secure the network , 2. limit liquid supply
5- CBX is +4 years old with active community & quality devs, and longevity in crypto is usually rewarded


ALL these factors encourage long term HODL, so the future network effect for CBX as a store of value is likely to be superior to many other cryptos, but obviously not certain.

Post BTC::BCH split we end up with four basic types of crypto:

1- currencies (like BCH)
2- commodities (like BTC)
3- platform tokens (like ETH)
4- app tokens (ERC20 Zoo)

CBX is a commodity, like legacy BTC - which one is more likely to x10 in 2018, BTC with a current MK of +190 billion USD, or CBX with a MK of 4-5 million USD?

Don't get me wrong, BTC is a better store of value today (has a much stronger network effect), but for new entrants into crypto who think 10k USD is expensive for bitcoin ... they can buy a similar 'digital gold' for $4-5, and CBX doesn't suffer all the governance issues of BTC, and isn't going to ever have an existential crisis over what it is ('am I a currency, or a commodity?'), CBX is a digital commodity, I don't think I'll ever use it to buy coffee, but maybe one day use it to buy something expensive, like a car or house or boat.

CBX has risk, but compared to most other crypto is still massively undervalued, so it's a great investment!




Wow, great response! Only things I would add with reference to CBX is a 65 second block time as opposed to BTC 10 minutes +++. Ultra low transaction fees relative to BTC. Eco-friendly low power usage thru Proof of Stake design versus enormous energy consumption of proof of work. And finally interest earning potential thru PoSP and soon BPN - essentially dividends for those invested.

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January 27, 2018, 10:54:02 PM
 #4690

can someon eexplain the further use of CBX? Just holding value isnt a real use case. Everycoin could do this/or couldnt if it gets dumped. except you will do some heavy market manipulation you wont be able to gurantee a stable value arent you? (and if you are looking at graphs it doesnt seem stable at all^^)

Your question lies at the heart of all crypto from here on. Yes, it is simple and cheap to clone/copy any crypto coin, and thus coin supply is virtually unlimited when we take into account ALL the possible clones, so, how can any particular coin hold value? I think the answer is still uncertain, but the early adopters of these 1st & 2nd generation coins create the 'vibe', and if the 'vibe' is good, the network effect will take over, and the popular coins that hold their value become the popular coins that hold their value ... because, they're the popular coins that hold their value. I hope CBX is one of these 'popular' coins, but it isn't certain by any means, but the potential is there, because:

1- launch of CBX was fair with no 'smell' (like DASH or STEEM)
2- CBX usecase is clear and simple to explain (i.e. digital store of value, virtual precious metal), not trying to be everything, do one thing better than competition
3- PoSP is common sense, but so many other PoS coins don't use it (i.e. only get real inflation adjusted % if you help secure the network)
4- BPN's serve dual purpose, 1. secure the network , 2. limit liquid supply
5- CBX is +4 years old with active community & quality devs, and longevity in crypto is usually rewarded


ALL these factors encourage long term HODL, so the future network effect for CBX as a store of value is likely to be superior to many other cryptos, but obviously not certain.

Post BTC::BCH split we end up with four basic types of crypto:

1- currencies (like BCH)
2- commodities (like BTC)
3- platform tokens (like ETH)
4- app tokens (ERC20 Zoo)

CBX is a commodity, like legacy BTC - which one is more likely to x10 in 2018, BTC with a current MK of +190 billion USD, or CBX with a MK of 4-5 million USD?

Don't get me wrong, BTC is a better store of value today (has a much stronger network effect), but for new entrants into crypto who think 10k USD is expensive for bitcoin ... they can buy a similar 'digital gold' for $4-5, and CBX doesn't suffer all the governance issues of BTC, and isn't going to ever have an existential crisis over what it is ('am I a currency, or a commodity?'), CBX is a digital commodity, I don't think I'll ever use it to buy coffee, but maybe one day use it to buy something expensive, like a car or house or boat.

CBX has risk, but compared to most other crypto is still massively undervalued, so it's a great investment!




really like this guy , took the print out of my fingers well done, two thumbs up . and welcome to the bullionaire club, and yah but a yatch !!

Bullion (CBX) ◢◤Clients
CRYPTOBULLION.IO
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YOUR DIGITAL PRECIOUS METAL 
PoSP | BNP Masternodes | 65 Second block time
Bullion MarketPlace












Cryptopia | NovaExchange |
Coinbook |













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Killiz
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January 30, 2018, 03:04:52 AM
 #4691

can someon eexplain the further use of CBX? Just holding value isnt a real use case. Everycoin could do this/or couldnt if it gets dumped. except you will do some heavy market manipulation you wont be able to gurantee a stable value arent you? (and if you are looking at graphs it doesnt seem stable at all^^)

Your question lies at the heart of all crypto from here on. Yes, it is simple and cheap to clone/copy any crypto coin, and thus coin supply is virtually unlimited when we take into account ALL the possible clones, so, how can any particular coin hold value? I think the answer is still uncertain, but the early adopters of these 1st & 2nd generation coins create the 'vibe', and if the 'vibe' is good, the network effect will take over, and the popular coins that hold their value become the popular coins that hold their value ... because, they're the popular coins that hold their value. I hope CBX is one of these 'popular' coins, but it isn't certain by any means, but the potential is there, because:

1- launch of CBX was fair with no 'smell' (like DASH or STEEM)
2- CBX usecase is clear and simple to explain (i.e. digital store of value, virtual precious metal), not trying to be everything, do one thing better than competition
3- PoSP is common sense, but so many other PoS coins don't use it (i.e. only get real inflation adjusted % if you help secure the network)
4- BPN's serve dual purpose, 1. secure the network , 2. limit liquid supply
5- CBX is +4 years old with active community & quality devs, and longevity in crypto is usually rewarded


ALL these factors encourage long term HODL, so the future network effect for CBX as a store of value is likely to be superior to many other cryptos, but obviously not certain.

Post BTC::BCH split we end up with four basic types of crypto:

1- currencies (like BCH)
2- commodities (like BTC)
3- platform tokens (like ETH)
4- app tokens (ERC20 Zoo)

CBX is a commodity, like legacy BTC - which one is more likely to x10 in 2018, BTC with a current MK of +190 billion USD, or CBX with a MK of 4-5 million USD?

Don't get me wrong, BTC is a better store of value today (has a much stronger network effect), but for new entrants into crypto who think 10k USD is expensive for bitcoin ... they can buy a similar 'digital gold' for $4-5, and CBX doesn't suffer all the governance issues of BTC, and isn't going to ever have an existential crisis over what it is ('am I a currency, or a commodity?'), CBX is a digital commodity, I don't think I'll ever use it to buy coffee, but maybe one day use it to buy something expensive, like a car or house or boat.

CBX has risk, but compared to most other crypto is still massively undervalued, so it's a great investment!




Would just like to say what a great post and answer to the question. Don't think anyone else could have said it any better.

Well merited and you can have an extra merit from me. +1 merit  Grin

Bullion (CBX) ◢◤Clients
WWW.CRYPTOBULLION.IO
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███████████▄
██████████████
███████████▀
████████▀
█████▀
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YOUR DIGITAL PRECIOUS METAL 
PoSP | BNP Masternodes | 65 Second block time
Bullion MarketPlace












CBX_BTC | Tradesatoshi | Cryptopia | NovaExchange |
Coinbook | Faucet |













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Killiz
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January 30, 2018, 03:30:29 AM
 #4692

How are things going Development Team?

Any updates on development?

Any juicy gossip?

Bullion (CBX) ◢◤Clients
WWW.CRYPTOBULLION.IO
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███████████▄
██████████████
███████████▀
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YOUR DIGITAL PRECIOUS METAL 
PoSP | BNP Masternodes | 65 Second block time
Bullion MarketPlace












CBX_BTC | Tradesatoshi | Cryptopia | NovaExchange |
Coinbook | Faucet |













████
 ████
  ████
   ████
    ████
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January 30, 2018, 03:25:21 PM
 #4693

How are things going Development Team?

Any updates on development?

Any juicy gossip?

Ben will be posting an update soon....

Killiz
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January 30, 2018, 07:24:24 PM
 #4694

How are things going Development Team?

Any updates on development?

Any juicy gossip?

Ben will be posting an update soon....

Great, thanks.

Bullion (CBX) ◢◤Clients
WWW.CRYPTOBULLION.IO
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████████▄
███████████▄
██████████████
███████████▀
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█████▀
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YOUR DIGITAL PRECIOUS METAL 
PoSP | BNP Masternodes | 65 Second block time
Bullion MarketPlace












CBX_BTC | Tradesatoshi | Cryptopia | NovaExchange |
Coinbook | Faucet |













████
 ████
  ████
   ████
    ████
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VonSpass
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January 30, 2018, 08:14:46 PM
Merited by corather (50), Killiz (1)
 #4695

Roadmap 2018 status report!

Hello everyone, I hope winter is going smoothly for all folks from the Northern Hemisphere, and as for the other side of the globe, enjoy your summer at its best!  Have you noticed, everytime I post a Roadmap update, I have some really good news, then also something disappointing. I swear I am not doing this on purpose! It's just how life goes in development and coding - certain things go better than expected, then some things which appear trivial at first glance end up being a complicated puzzle.

So here we are, as of today:

1) The staking roadblock is cleared - after removing the whole staking algo and putting in our new PoSP code, we have successfully staked a bunch of blocks with new codebase directly in live CBX blockchain; those who wish to see Vault 3 currently in action can check out this address https://chainz.cryptoid.info/cbx/address.dws?5j8tTMcYEpKEThNpYyY1CXjN9aVKzwTd5X.htm As a hidden treat, Vault 3 was able to embed some text in its first succesful stake ever, for posterity: https://chainz.cryptoid.info/cbx/tx.dws?3484354.htm (Click on Raw Transaction)

2) With this achievement in mind, within 2 weeks, we will now be able to finally wrap things up and deliver a functional Vault 3.0.0 alpha; the good news with this version is many current bugs of Vault 2.4.3 will be fixed - so Vault 3 alpha will have all features of current Vault 2.4.3 (minus the bugs) however it will still not contain any code for BPNs yet. This Vault will have the new visual elements and use the new name, "Bullion".

3) About BPNs, which will be our interpretation of masternodes; things are moving ahead BUT as we are clarifying our own unique goals (emphasis on unique), we have come to realize that we have to recode everything. Our masternode system cannot be a simple copy-paste from other projects for a few reasons - one important reason is our concept of "queue" which does not exist anywhere else with PoS.

When someone signs up his 2000 CBX for a masternode, he enters a queue to become a BPN. If there are less than 125 BPNs active, his BPN becomes active quickly and starts to earn - if there are more than 125 BPNs, then the inactive BPN goes in a queue and does not earn until one of the 125 disconnects and frees up a spot.

4) New name, new logo: we need a new, more modern Bullion website! So we have purchased a new domain name, and work has started on the design of the new webpage. gatonegro97 has expressed his interest in helping us with this, and his experience in programming will be useful to create something original. Naturally we will put in all useful links on this page; if you have a special idea for this new website, please mention it here.

Welcome to gatonegro97 to the team for this project, and hopefully many more after that!
Killiz
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January 30, 2018, 10:33:25 PM
 #4696

Roadmap 2018 status report!

Hello everyone, I hope winter is going smoothly for all folks from the Northern Hemisphere, and as for the other side of the globe, enjoy your summer at its best!  Have you noticed, everytime I post a Roadmap update, I have some really good news, then also something disappointing. I swear I am not doing this on purpose! It's just how life goes in development and coding - certain things go better than expected, then some things which appear trivial at first glance end up being a complicated puzzle.

So here we are, as of today:

1) The staking roadblock is cleared - after removing the whole staking algo and putting in our new PoSP code, we have successfully staked a bunch of blocks with new codebase directly in live CBX blockchain; those who wish to see Vault 3 currently in action can check out this address https://chainz.cryptoid.info/cbx/address.dws?5j8tTMcYEpKEThNpYyY1CXjN9aVKzwTd5X.htm As a hidden treat, Vault 3 was able to embed some text in its first succesful stake ever, for posterity: https://chainz.cryptoid.info/cbx/tx.dws?3484354.htm (Click on Raw Transaction)

2) With this achievement in mind, within 2 weeks, we will now be able to finally wrap things up and deliver a functional Vault 3.0.0 alpha; the good news with this version is many current bugs of Vault 2.4.3 will be fixed - so Vault 3 alpha will have all features of current Vault 2.4.3 (minus the bugs) however it will still not contain any code for BPNs yet. This Vault will have the new visual elements and use the new name, "Bullion".

3) About BPNs, which will be our interpretation of masternodes; things are moving ahead BUT as we are clarifying our own unique goals (emphasis on unique), we have come to realize that we have to recode everything. Our masternode system cannot be a simple copy-paste from other projects for a few reasons - one important reason is our concept of "queue" which does not exist anywhere else with PoS.

When someone signs up his 2000 CBX for a masternode, he enters a queue to become a BPN. If there are less than 125 BPNs active, his BPN becomes active quickly and starts to earn - if there are more than 125 BPNs, then the inactive BPN goes in a queue and does not earn until one of the 125 disconnects and frees up a spot.

4) New name, new logo: we need a new, more modern Bullion website! So we have purchased a new domain name, and work has started on the design of the new webpage. gatonegro97 has expressed his interest in helping us with this, and his experience in programming will be useful to create something original. Naturally we will put in all useful links on this page; if you have a special idea for this new website, please mention it here.

Welcome to gatonegro97 to the team for this project, and hopefully many more after that!


Thanks Ben.

Welcome gatonegro97

I have a few questions.

1. So from what you have said, can we expect to have a new vault release by mid February, followed by a later release which includes BPN?
2. If so will the rebrand coincide with the release?
3. Will there be any marketing campaign when rebranded?
4. Will queued BPN'S earn regular POSP interest?

All in all a very exciting and promising status report. A new stable Vault will open many doors for development and progress in other areas, while waiting for BPN activation.

edit. Regarding question 2, just realised new vault will have name change and new logo

Bullion (CBX) ◢◤Clients
WWW.CRYPTOBULLION.IO
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YOUR DIGITAL PRECIOUS METAL 
PoSP | BNP Masternodes | 65 Second block time
Bullion MarketPlace












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FiniteRed
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January 30, 2018, 10:57:58 PM
 #4697

That all sounds very cool! I am interested on how you intend to limit the number of BPNs active on the network at any one time? - that can't be easy as the information would have to gleaned from network consensus and not a local count as anyone could easy change the source and increase the number of BPNs online at any one time...

FR

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Alex4J
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January 30, 2018, 11:40:58 PM
Merited by digit (1), Killiz (1)
 #4698

That all sounds very cool! I am interested on how you intend to limit the number of BPNs active on the network at any one time? - that can't be easy as the information would have to gleaned from network consensus and not a local count as anyone could easy change the source and increase the number of BPNs online at any one time...

FR
Hi,
You are correct. The whole system is implemented in the consensus of CBX, we are using Mutex Block, new kind of block that have new "proof" system (let's call it Proof-Of-Mutex if you want).
These mutex blocks are containing extra datas that allow us to know the order of the BPN in the queue and its egibility at anytimes.
In addition of mutex blocks, we are adding completly new rules in the consensus to detect if a BPN is still active or not.
I insist on the fact that all of these new features are rules in the consesus, so it can still be validated overtime at anytime as it is the base of a blockchain application.

No worries, we will prepare cool and badass WhitePaper to explain everything in details.

Alex4J

CBX Dev Donate: 5oS6SK8411DUdxritrohRW96rZmHC9DX7d
FiniteRed
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January 31, 2018, 06:45:27 PM
 #4699

Top notch reply Alex! thanks - sounds super cool and definitely some good USP as I've never heard of that being done before!

Cheers

FR

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February 01, 2018, 06:28:51 AM
 #4700

Hi Killiz


I have a few questions.

1. So from what you have said, can we expect to have a new vault release by mid February, followed by a later release which includes BPN?

Yes this is the game plan; the new Vault 3.0 alpha will include the fixes we have been waiting for, and provide a gradual implementation of new codebase with no hard fork at this stage.

3. Will there be any marketing campaign when rebranded?

Yes, we will make sure all Twitter, Facebook and Bitcointalk channels are well populated with the good news; word of mouth is best, however

4. Will queued BPN'S earn regular POSP interest?

Excellent question; lemme get back to you on that one...
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