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Author Topic: Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published  (Read 357675 times)
cryptobullion.io
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July 23, 2015, 04:07:26 PM
 #521

CBX Proof-of-Value Network Certification - Building a Decentralized Value Network using the CBX blockchain.




CBX Wallet Address:

Code:
5hcqFigQAnXr3WpYgZP2Mn32FWirHWfj2X



Message:

Code:
I FiniteByDesign hereby back 1000 CBX with .25 Kilos of .999 Pure Silver ‘1999 Giant Silver Peace Proof Coin’ (Registration No. 203).

Should I divest either my CBX and/or physical bullion holding then this statement is automatically considered null and void within the CBX Value Network.

I hereby endeavour to provide a separate notification should I divest this personal holding.

Verify Message:

Code:
IJ5RzNx+6/rDEHjzFYsnWfrq0Kf4PyjA7plnF/fcl9F+MYAw7L3qW05//uSD57ikfZG6Bo76jAetzI10aX1pa2E=





Official Verification:


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cryptobullion.io
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July 23, 2015, 04:10:01 PM
 #522

CBX Proof-of-Value Network Certification - Building a Decentralized Value Network using the CBX blockchain.




CBX Wallet Address:

Code:
5ZD5K59kfWk2c9V1MGbSxJLDSgGwXfXKZx



Message:

Code:
I elambert hereby back 1000 CBX with 1.0001 troy ounce of .9999 Fine Gold (2006 American Buffalo One Ounce Gold Proof Coin).

Should I divest either my CBX and/or physical bullion holding then this statement is automatically considered null and void within the CBX Value Network.

I hereby endeavour to provide a separate notification should I divest this personal holding.

Verify Message:

Code:
Hym8ugHrcOtFj7ugaBedf6+2RBD3PRytEmT0/YiP3iCrtNqoWTLqvCuUXw8XMYMoYc1JqHXpmqz2O7olTwnZ0dQ=


Count me in!




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cryptobullion.io
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July 23, 2015, 04:12:28 PM
 #523

CBX Proof-of-Value Network Certification - Building a Decentralized Value Network using the CBX blockchain.


CBX Wallet Address:

Code:
5dG7rGUqejEVSnqBrKiQT743P4QrqbN3s6

Message:

Code:
I snatchmonkey hereby back 1000 CBX with 5 Troy Oz of .999 Fine Silver.

Should I divest either my CBX and/or physical bullion holding then this statement is automatically considered null and void within the CBX value network.

I hereby endeavour to provide a separate notification should I divest this personal holding.

Verify Message:

Code:
ILhnyDoSw6sqxQKXEKs0OfFbpnIIjI48h58cC5B4K2A+tu5a2nO1of6FSxJ+PzVbdjCIvw0kyH5zNNtlI2ZOaHI=



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cryptobullion.io
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July 23, 2015, 04:14:51 PM
 #524

CBX Proof-of-Value Network Certification - Building a Decentralized Value Network using the CBX blockchain.




CBX Wallet Address:

Code:
5WqSTfYrhL4j69XtCouMZtDM1QjeExwbH3



Message:

Code:
I raizor hereby back 100 CBX with 1 Troy Oz of .999 Fine Silver.

Should I divest either my CBX and/or physical bullion holding then this statement is automatically considered null and void within the CBX Value Network.

I hereby endeavour to provide a separate notification should I divest this personal holding.

Verify Message:

Code:
H9yVyldMkA7iRabSLnetX8k73olRJeCExSNti66pW7TtihmMMC9TM1Jo77dGdZZnbL2FemxRxKeygEcX4IBWiKQ=

Here's mine guys.

I've used my (1oz) silver CGB bullion bar and backed 100 CBX with that. Having just been through the process, it's given me a few ideas on adding some related functionality to the wallet. I think we should be able to auto-generate and print the certificates within the wallet. We could even have a 'create backing' function, that we could make available from a context menu when clicking one of your own addresses in the wallet. Something along the lines of 'back this address', perhaps. We could also have a 'create backing' menu item in the main wallet menu that takes you through the process. As I think about this, it becomes clear that we need to be able to lock the coins within the local wallet. Anyone not using Coin Control to send funds may inadvertently transfer their 'backed' funds without realising it and void the backing. I think we should be able to mark wallets as in use for backing and avoid them being selected for transactions. If we add a 'create backing' option, this could create a new named address in the local wallet and transfer the backing amount to the new address without excessive user interaction.

It feels good to have done this though. I think this is going to be very interesting as it unfolds. Thanks again BitcoinFX Smiley

raizor



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July 24, 2015, 05:42:40 PM
Last edit: July 24, 2015, 06:16:26 PM by VonSpass
 #525

At what point becomes a coin a 'security', needing to comply with regulations, Fincen Sec etc.

I guess there must be at least two parties involved and backing your own coins is harmless  Cheesy

Indeed. It is perhaps only possible (or worthwhile) to issue yourself with a personal asset-backed security using block chain technology, as you are the holder of both the asset and the certificate.

~ No one bought or sold anything in relation to the contract with oneself. There is no company to issue anything. All holdings are fully decentralized and remain in individual ownership.  Cool

- https://wikipedia.org/wiki/Security_(finance)

- https://wikipedia.org/wiki/Asset-backed_security


Bitcoins are worthless because they aren't backed by anything

- https://bitcoin.it/wiki/Myths#Bitcoins_are_worthless_because_they_aren.27t_backed_by_anything

Bitcoin is Not Backed by Anything (And That’s OK!)

- https://bitcoinmagazine.com/17392/bitcoin-is-not-backed-by-anything-and-thats-ok/

Vladimir Putin Addresses Digital Currencies on Russian National TV

- https://bitcoinmagazine.com/21237/vladimir-putin-addresses-digital-currencies-russian-national-tv/

- “Bitcoins are backed by nothing, and this is the major problem.”


- https://wikipedia.org/wiki/Subjective_theory_of_value  and  https://wikipedia.org/wiki/Paradox_of_value

 

Very interesting read, BitcoinFX; especially your article on the paradox of value.

We are an interesting crowd here, at CBX! Quite different from the other coins...
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July 25, 2015, 01:18:40 PM
 #526

Proof-of-Value Network page added to website
http://cryptobullion.io/proof-of-value-network/

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July 25, 2015, 10:21:28 PM
 #527

Very interesting project! Good luck guys!


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July 27, 2015, 02:37:29 PM
 #528

PoSP publicity piece has been submitted to Bitcoin PR Buzz today and will hit the wires soon.

Will provide update later.
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July 28, 2015, 06:23:13 PM
 #529

PoSP PR piece will hit the news first thing Wednesday AM, US time. Keep an eye out Smiley
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July 28, 2015, 10:10:43 PM
 #530

Nice, thank you Elambert.

We just made it into the top 10 on the Bter voting list, just a matter of time I think until we take the number 1 spot.
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July 29, 2015, 01:34:15 PM
Last edit: July 29, 2015, 02:32:54 PM by elambert
 #531

PoSP article starting to circulate now  Grin

Quote
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July 29, 2015, 05:53:52 PM
 #532

PoSP article starting to circulate now  Grin

Quote

Fantastic work elambert et al, you are building a really strong future for CBX Smiley

[G]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ] ~ [ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[ ]-[H]
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July 29, 2015, 06:25:39 PM
 #533

PoSP article starting to circulate now  Grin

Quote

Great article and news! Very promising times up ahead!!!

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July 29, 2015, 08:20:03 PM
 #534

Here:

https://www.reddit.com/r/CryptoCurrency
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July 30, 2015, 12:49:42 AM
 #535

good to see, this one deserves more attention

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July 30, 2015, 04:34:54 PM
 #536

Bitcoin Magazine  Grin
https://bitcoinmagazine.com/21409/2-years-old-valuable-bitcoin-alternative-cryptobullion-cbx-announces-unprecedented-posp-algorithm-expansion-chinese-markets/
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July 30, 2015, 06:26:37 PM
 #537

This is good stuff... people have to know about the upcoming unique PoSP staking algorythm and the opportunity today's CBX low price represents.
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July 30, 2015, 09:47:04 PM
 #538

Proof-of-Value Network page added to website
http://cryptobullion.io/proof-of-value-network/

Thank you.

I'm continuing to work on documentation for the CBX Proof-of-Value Network, as well as a database and code for a basic pricing / valuation widget.

Using 'live' / ticker pricing data for gold and silver is not really necessary at present as the daily London Fix will do.

LBMA have made it difficult to pull any data directly from: http://www.lbma.org.uk/pricing-and-statistics

Using http://www.kitco.com/gold.londonfix.html instead for now.

Slow progress and no rush - Although, a widget / API similar to http://www.kitco.com/finance/bitcoin/ for CBX <> Gold , CBX <> Silver and also incorporating the CBX Proof-of-Value Network 'verified' backing is the main goal - https://bitcoinaverage.com looks useful, as well as https://www.cryptocoincharts.info/coins/show/cbx ofc.

By the time the new CBX PoSP wallet is released then I should also be much further forward with the above and can start to work with raizor and the rest of the CBX dev. team on how we might best incorporate all of this.


Guess I'm a Genuine "Bitcoin OG" <2010 | Bitcoin is BTC | CSW is NOT Satoshi Nakamoto | I Mine BTC, LTC, ZEC, XMR and GAP | Support my BTC on Tor addnodes Project ... satofxsc3xjadxsm.onion shindo45rxrk3737.onion naka7nzsu3binfim.onion motoixfjxnf4joga.onion | "Everybody's Got Something to Hide Except Me and My Monkey"
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July 30, 2015, 09:47:46 PM
 #539


Good one.

Guess I'm a Genuine "Bitcoin OG" <2010 | Bitcoin is BTC | CSW is NOT Satoshi Nakamoto | I Mine BTC, LTC, ZEC, XMR and GAP | Support my BTC on Tor addnodes Project ... satofxsc3xjadxsm.onion shindo45rxrk3737.onion naka7nzsu3binfim.onion motoixfjxnf4joga.onion | "Everybody's Got Something to Hide Except Me and My Monkey"
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July 31, 2015, 02:06:46 PM
 #540

Proof of Value looks interesting, it took a few moments for me to understand it but makes alot of sense now.  One thing i would like to suggest is that seems awkward if someone wanted to verify these printouts/photos so why not also include a QR code on the printout/photo for convenient scanning?
Signed messages that have been posted can also be turned as is into a QR code and as they can store upto 4296 characters, its more then enough room to contain the message in its entirety.

With the QR code included on the printout/photo or just included with the post, it then a really easy to scan with phone to grab the text.  alternatively the QR could be something simpler like a link to the address on blockchain  that is being used in the signed msg.



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