Bullion (CBX) 'the Digital Precious Metal' | 2019 Roadmap published

[IMZ]

Bitcoin National! Fine to see you here.

Cbx lookin' good in the last  coupla day, a very good sign. Thanks for your work.

Mark

[1696150106]

1696150106

[1696150106]

1696150106

[FiniteRed]

if it ain't broke
don't fix it!

srsly CBX is 1 of very few functional hybrids
and the POW side gets nearly nothing inflation wise

so why mess with a good thing?

Hey BitcoinNational, I wound respond as follows:

A: The notion of proof of work is fundamentally flawed (natural drift towards centralised mining, high barrier of entry for anyone wanting to participate)

B: The move to PosP will result in an increase in CBX blockchain security of many orders of magnitude of what it is currently

C: In this climate / market place you either innovate and pull ahead or stagnate and get left behind

D: The fundamentals of CBX are not changing, the inflation rate will stay the same but more to a far superior method of securing the network

All in all CBX is living up to its true potential by implementing PosP, the more people who stake it (encouraged by minimal associated costs) the stronger and more resilient the CBX network will become. One of the main reasons CBX has held its value lately is due to the approaching singularity that is PosP

FR

[elambert]

A: The notion of proof of work is fundamentally flawed (natural drift towards centralised mining, high barrier of entry for anyone wanting to participate)

B: The move to PosP will result in an increase in CBX blockchain security of many orders of magnitude of what it is currently

C: In this climate / market place you either innovate and pull ahead or stagnate and get left behind

D: The fundamentals of CBX are not changing, the inflation rate will stay the same but more to a far superior method of securing the network

All in all CBX is living up to its true potential by implementing PosP, the more people who stake it (encouraged by minimal associated costs) the stronger and more resilient the CBX network will become. One of the main reasons CBX has held its value lately is due to the approaching singularity that is PosP Smiley

FR

Beautifully said Finite Red, thank you.

[VonSpass]

I have added a section in Spanish language in our forum; my Spanish is not so bad but we need a real fluent speaker of the Spanish language to moderate and comment on this new thread!!! Please PM me!

the forum: http://forum.cryptobullion.io/index.php
the Spanish section thread: http://forum.cryptobullion.io/index.php?board=8.0

[VonSpass]

POS only nowadays, POW over.

anyway, your listening pleasure................

https://www.youtube.com/watch?v=zK9YGgCs6mU

This is not true. CBX is still a hybrid - both PoS and PoW. Not sure about active mining pools but hopefully some of the miners chime in here to assist?

PoS only will occur once the PoSP algorithm is implemented (scheduled for 4th quarter of 2015) - so the PoW miners still have some time.

if it ain't broke
don't fix it!

srsly CBX is 1 of very few functional hybrids
and the POW side gets nearly nothing inflation wise

so why mess with a good thing?

You know, I really used to love mining cryptocoins; mining coins is exciting but unfortunately it stays economically worthwhile only for a small window of time, right after a coin has gone up in value. Then a whole bunch of people jump in and make it not profitable anymore.

The bottom line PoW CBX is generating right now does not create enough value for it to be interesting to enough miners to provide the network security we want. So not only we aren't getting the targetted security, then there is the general principle that PoW is wasteful in energy; so essentially it was time for CBX to bite the bullet and make some fair and creative changes on how mining CBX occurs.

So, from running a small farm and very much enjoying PoW mining, I went to wholeheartedly agreeing to the proposed (and, actively being worked on) PoSP algorythm... No other coin has this approach, and with this CBX finds iself ahead of the pack once more.

[lab rat hoax]

Looking forward to it being fully implemented
Great concept.  Let's see if it sticks

[elambert]

Looking forward to it being fully implemented
Great concept.  Let's see if it sticks

It certainly will stick  

On another note, we are organizing a giveaway to assist with exposure of the new forum. Suggestions on how best to accomplish this are welcome.

TGIF

[FiniteRed]

Morning CBXers, just invested in a little more CBX, should get around 10 a month (minimum) staking 24/7 which is comparable to my mining effort now

[elambert]

Morning CBXers, just invested in a little more CBX, should get around 10 a month (minimum) staking 24/7 which is comparable to my mining effort now

Hi FiniteRed, good news, congrats!


Update:
We are in the early development stages of a CBX P2P Faucet project that will promote CBX exposure to a much broader audience that even Bitcoin is not reaching at the present. The brainstorming stages of this project have identified a couple of prerequisites that I would like to announce now:

1. CBX will be adding a mobile wallet. We are in the resource allocation stage for this now and weighing the options of building this in-house as opposed to outsourcing. Community feedback, experience and opinions on this are welcomed - I know CBX will not be breaking new ground here so interested in learning from any previous experiences (good and bad) that have occurred.

2. The need for a new unit designation to offset the natural negative association people have with fractions. The P2P Faucet project will increase CBX exposure via a mobile wallet download distribution strategy. The mobile vault downloaded by new adopters/users will come with a small starting balance of 10 Baby Bullion (equivalent of 0.1 CBX). We have decided to add nomenclature to the soon to be released Vault that will identify 0.01 CBX as 1 Baby Bullion (or BB for short). 1 CBX will be equivalent to 100 Baby Bullions.

Thats it for now, hope all have a great weekend. Preparing for Erika here in Florida.

[CapnBDL]

@elambert

Erika will not make it here, thank goodness. It looks like Hispanola took it's toll on her and provided she doesn't re-form in the Gulf......

I am a small-time 'hobby' CBX miner and although it may not be the best way to acquire shares, it keeps me interested and out of trouble. Will we get ample heads-up when the change is made to PoSP so I don't waste the time or energy to continue the mining operation?

Thank You

    

[lab rat hoax]

I like the baby bullion idea.  You can buy
1/10 th oz gold & silver rounds so this is in the same spirit

[BTCat]

I like the baby bullion idea.  You can buy
1/10 th oz gold & silver rounds so this is in the same spirit

To be honost I wouldn't mind a more serious grown up name but it's not a big deal really.

[Ghepetto]

I like the baby bullion idea.  You can buy
1/10 th oz gold & silver rounds so this is in the same spirit

To be honost I wouldn't mind a more serious grown up name but it's not a big deal really.

Some constructive criticism:

Centi Bullion

Which stems from Latin unum centesiman meaning one onehundreth.  This sounds much more professional.  Baby Bullion just sounds childish.  I have to admit I would not have expected this, from this team, with their pristine track record of professionalism over the years.

[lab rat hoax]

I agree.  I like the concept more than that particular name
and what about just having it divisible by 10ths instead of 100ths ?
Just like bullion.......?   Just an idea maybe

Ok.  To play devils advocate... What's to stop me from borrowing
A friends silver coin (s) and registering it here ? What if I just took a picture of a coin I just borrowed for the photo ?
What safeguards are in place other than" I pledge"
This is a question that needs to be asked

[FiniteRed]

Looking forward to the mobile wallet guys, excellent work

I woukd think that standard size metrics would be more relatable, but used in relation to weight (grams) in line with the preshious metal angle

centi   cg   0.01
milli           mg   0.001
micro   μg   0.000001

FR

[VonSpass]

Looking forward to the mobile wallet guys, excellent work

I woukd think that standard size metrics would be more relatable, but used in relation to weight (grams) in line with the preshious metal angle

centi   cg   0.01
milli           mg   0.001
micro   μg   0.000001

FR

Maybe its me (although i'm noticing I am not alone with this problem) but I could never figure out the mBTC and the μBTC and associate them with a value; simply put when I see these units I do not know what they mean, no image forms in my head as to what they are worth.

Baby Bullion = 1 hundreth of a Bullion. Simple. We are aiming for the Baby Bullion to be worth a significant value someday; easier to grasp, nicer said than a centibullion imo.

I would not suggest to implement any more subdivisions for the time being.

[elambert]

@elambert

Erika will not make it here, thank goodness. It looks like Hispanola took it's toll on her and provided she doesn't re-form in the Gulf......

I am a small-time 'hobby' CBX miner and although it may not be the best way to acquire shares, it keeps me interested and out of trouble. Will we get ample heads-up when the change is made to PoSP so I don't waste the time or energy to continue the mining operation?

Thank You

    

Hi CapnBDL. Yes, we will give a couple of weeks of warning prior to the switch from the current hybrid (PoW/PoS) system to the new PoSP implementation. In the meantime, mine away 

[cryptobullion.io]

Poll added with a few alternative name options for the value of 0.01 CBX. Please vote so your opinion can be heard.

Thanks.

[FiniteByDesign]

Voted for Bull but like all the name options to be honest.

[VonSpass]

Baby Bullion or Centibullion; but we have only one choice ...