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News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
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Question: To make the distinction more clear between the new fork for BPN Vault 3 CBX and the old one, we have decided to change the ticker of CBX. Pick one:
CBX2  - Second wave of CBX
CBPN - Crypto Bullion Participation Nodes
CBX3  - Because of upcoming Vault 3.0
CBXi - The next step

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Author Topic: CRYPTO BULLION (CBX) | Inventor of PoSP! | 2017 Road-Map PUBLISHED!  (Read 308611 times)
shveicar
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November 08, 2015, 12:00:26 PM
 #841

Hi.
Have you ever thought that the constant annual inflation in this coin scares many investors.
Maybe the developers should think about fixing the exact number of coins in the Crypto Bullion.
For example, each owner will continue to receive a small percentage of income through POS by commission when sending the transaction. 
And by the way, this problem https://bitcointalk.org/index.php?topic=951753.msg11692604#msg11692604 is still not solved..

Diamond The best investment in your future! ✧ it's 35% POS and 65% Msternode ✧
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November 08, 2015, 12:45:12 PM
 #842

Quote
Have you ever thought that the constant annual inflation in this coin scares many investors.

In Crypto Bullion's current hybrid algo implementation 1.5% of the inflationary rate is actually interest payments going directly to investors (should not scare them). Only .5% of the inflation is resultant from new CBX created via the PoW mining process (chosen for CBX distribution) - which is winding down after over 2 years. Essentially the 2% is not quite as you are understanding it.

Please note, our soon to be released PoSP implementation will remove PoW mining and allot the full 2% inflationary rate as interest payments to investors.

Quote
And by the way, this problem https://bitcointalk.org/index.php?topic=951753.msg11692604#msg11692604 is still not solved..

Thank you for staying on this. Please know we have noted this and have yet to determine the appropriate resolution - focus has been on PoSP development. Just for a little insight, this occurrence did not exist when we were using BerkeleyDB, but Vault startup time was extremely slow. With current LevelDB, startup time is greatly improved but we have this occurrence.
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November 08, 2015, 03:07:01 PM
 #843

Looks interesting, I have BM'ed this for later! =]

Investing in Bitcoin since 2010.
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November 08, 2015, 04:33:36 PM
 #844

I cant wait to see the new features on this one Cheesy nice work dev

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November 08, 2015, 05:53:16 PM
 #845

FYI;
PLEASE, don't forget to let those of us still trying to mine the last bit of PoW CBX available, as to when pure PoSP kicks in. Also, it might be a good idea to let the pools know, as well. We don't want any confusion concerning shares popping up and becoming an issue.

Thank You,

CapnBDL
      Cool



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fitinplace
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November 09, 2015, 07:08:35 AM
 #846

Hi CBX Members,  i had a few questions about specs.

1.  Confirm rewards?
3.  Minimum coin age till mature?
4.  Average reward?

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November 09, 2015, 08:19:53 AM
 #847

Hi.
Have you ever thought that the constant annual inflation in this coin scares many investors.
Maybe the developers should think about fixing the exact number of coins in the Crypto Bullion.
For example, each owner will continue to receive a small percentage of income through POS by commission when sending the transaction. 
And by the way, this problem https://bitcointalk.org/index.php?topic=951753.msg11692604#msg11692604 is still not solved..

Zero inflation is never good in any situation; in an economy as well as in a money supply. We will both agree that high inflation is also very bad!

That being said, I think this coin's 2% interest paid to investors by PoS is quite reasonable and healthy by any standards.

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November 09, 2015, 04:51:45 PM
 #848

Hi CBX Members,  i had a few questions about specs.

1.  Confirm rewards?
3.  Minimum coin age till mature?
4.  Average reward?

Is this a question regarding current algo or upcoming PoSP?


Also, website is down temporarily for maintenance. Will notify once back up.
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November 09, 2015, 10:30:28 PM
 #849

Website is back up.
shveicar
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November 10, 2015, 12:33:17 AM
 #850

Hi.
Have you ever thought that the constant annual inflation in this coin scares many investors.
Maybe the developers should think about fixing the exact number of coins in the Crypto Bullion.
For example, each owner will continue to receive a small percentage of income through POS by commission when sending the transaction. 
And by the way, this problem https://bitcointalk.org/index.php?topic=951753.msg11692604#msg11692604 is still not solved..

Zero inflation is never good in any situation; in an economy as well as in a money supply. We will both agree that high inflation is also very bad!

That being said, I think this coin's 2% interest paid to investors by PoS is quite reasonable and healthy by any standards.

I think that with this conclusion, not all agree.
Take a simple thing is antique jewel released in small editions in the past.
Why increasing its price in time?  The answer is obvious - people know that this is a rare and  precious object..
Many would like to receive this object in the own  collection, but the number of these things greatly limited.
Now take the option with a crypto currency. The more coins into the system, the lower the price.
But most importantly, that any inflation will only scare away fans to invest in such a system.
It is a well known fact, you only need to look at this site http://coinmarketcap.com/currencies/views/filter-non-mineable/ to see this  Cool

Diamond The best investment in your future! ✧ it's 35% POS and 65% Msternode ✧
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November 10, 2015, 10:50:47 AM
 #851

Hi.
Have you ever thought that the constant annual inflation in this coin scares many investors.
Maybe the developers should think about fixing the exact number of coins in the Crypto Bullion.
For example, each owner will continue to receive a small percentage of income through POS by commission when sending the transaction.  
And by the way, this problem https://bitcointalk.org/index.php?topic=951753.msg11692604#msg11692604 is still not solved..

Zero inflation is never good in any situation; in an economy as well as in a money supply. We will both agree that high inflation is also very bad!

That being said, I think this coin's 2% interest paid to investors by PoS is quite reasonable and healthy by any standards.

I think that with this conclusion, not all agree.
Take a simple thing is antique jewel released in small editions in the past.
Why increasing its price in time?  The answer is obvious - people know that this is a rare and  precious object..
Many would like to receive this object in the own  collection, but the number of these things greatly limited.
Now take the option with a crypto currency. The more coins into the system, the lower the price.
But most importantly, that any inflation will only scare away fans to invest in such a system.
It is a well known fact, you only need to look at this site http://coinmarketcap.com/currencies/views/filter-non-mineable/ to see this  Cool

Then how do you secure a network with no reward for doing so?
At 2% it would take around 36 years to merely double the supply to 2M.
Everyone using CBX at this moment would probably have passed away before the 4M mark.
2% keeps CBX rare whilst giving the incentive to stake, secure the network and keep transactions running smoothly.

Bitcoin is currently inflating at over 9% annually and I see no lack of interest there.

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November 10, 2015, 11:20:36 AM
 #852

this is the only wallet i can't get to work on my machines.

It throws up some error after trying to sync for a while, i can't see the error just makes a twang sound and the error message is behind the cgb wallet pic.

c++runtime error or something i think i saw it mention before it closed?

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November 10, 2015, 12:04:10 PM
 #853

this is the only wallet i can't get to work on my machines.

It throws up some error after trying to sync for a while, i can't see the error just makes a twang sound and the error message is behind the cgb wallet pic.

c++runtime error or something i think i saw it mention before it closed?

Sounds like you may have a corrupted file. First create a copy of your wallet.dat to your desktop. If you lose or delete this file, you will lose any CBX your Vault presently contains.

Now go ahead and delete all of your files from your roaming folder for Crypto Bullion. Then follow the step by step manual over at our forum here: http://forum.cryptobullion.io/index.php?topic=1455.0

This will lead you through the download process for the newest CBX Vault and also help you to insert a bootstrap of the blockchain so you do not have to sync from the genesis block.

After you are up and running and synchronized, shut down your Vault. Now go back to the roaming folder for CBX and replace the newly created wallet.dat from your download with the one you saved to your desktop from the first step.
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November 10, 2015, 12:08:18 PM
 #854

this is the only wallet i can't get to work on my machines.

It throws up some error after trying to sync for a while, i can't see the error just makes a twang sound and the error message is behind the cgb wallet pic.

c++runtime error or something i think i saw it mention before it closed?

Sounds like you may have a corrupted file. First create a copy of your wallet.dat to your desktop. If you lose or delete this file, you will lose any CBX your Vault presently contains. Now lets go ahead and delete all of your files from your roaming folder for Crypto Bullion. Then follow the step by step manual over at our forum here: http://forum.cryptobullion.io/index.php?topic=1455.0

This will lead you through the download process for the newest CBX Vault and also help you to insert a bootstrap of the blockchain so you do not have to sync from the genesis block.

After you are up and running and synchronized, shut down your Vault. Now go back to the roaming folder for CBX and replace the newly created wallet.dat from your download with the one you saved to your desktop from the first step.

ok thanks will give that a whirl now Smiley

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November 11, 2015, 05:33:37 AM
 #855

Sigh . . .

pulled the pin on the Cryptopia UNO/CBX experiment -- but still got some thousands of CBX and a current wallet! and the price held much better during the spike than a lot of coins.

Mark (IndiaMikeZulu), Australia

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November 11, 2015, 12:56:04 PM
 #856

Hi CBX Members,  i had a few questions about specs.

1.  Confirm rewards?
3.  Minimum coin age till mature?
4.  Average reward?

Is this a question regarding current algo or upcoming PoSP?


Also, website is down temporarily for maintenance. Will notify once back up.

current and upcoming PoSP

1.  Confirm on received?
2.  Confirm on rewards?
3.  Minimum maturity?
4.  Average reward?

eta on posp = alert cryptopia
overview posp?

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November 11, 2015, 03:20:12 PM
 #857

Current                                                                  
1. Confirm on received? 5 blocks                                                                   
2. Confirm on rewards? 5 blocks             
3. Minimum maturity? 5 blocks         
4. Average reward? 1.2% annual on older than 30 days; 1.5% annual on older than 90 days   

PoSP
1. Confirm on received? 5 blocks                                                                   
2. Confirm on rewards? 5 blocks             
3. Minimum maturity? 5 blocks             
4. Average reward? 2% annual of total money supply at time of block + transaction fees


PoSP scheduled for implementation in Q4 of 2015

PoSP Overview:
PoSP will insure that a 2% annual interest rate is always paid to the network, regardless of how many CBX are being staked at any given time allowing for a considerably higher interest rate to be awarded to those staking their CBX (consistently running the CBX Vault software).
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November 11, 2015, 04:00:14 PM
 #858

Do we have a date or block number for PoW shutdown?



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November 11, 2015, 04:53:34 PM
 #859

Do we have a date or block number for PoW shutdown?

Not yet but we will give a full 2 weeks notice once we release the new Vault 2.0 so everyone will have time to update.
Bracketer
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November 11, 2015, 08:02:30 PM
 #860

check out the faucet here:

http://bulliongalore.com/?id=3429

pays out .01  and is cashable right away.   referrals aren't bad either.

please use the link above   thank yoiu
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