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Author Topic: CRYPTO BULLION (CBX) | Inventor of PoSP!  (Read 247332 times)
bhokor
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December 16, 2015, 01:33:55 AM
 #961

Dev what do you think about add the coin to a stake pool like coinwallet.com or staisybits?

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December 16, 2015, 11:40:25 AM
 #962

Dev what do you think about add the coin to a stake pool like coinwallet.com or staisybits?

Any relation with good services on the web is welcome. If you can get us there pls assist and ask others here to help with that if needed.

Ofcourse it's needed to make an estimate if they have proper and fair business, especially if they work with or hold coins for customers. In the past CBX has been listed on some exchanges and pools that dissapeared, it's hard to avoid but we can only do our best to choose the best.
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December 16, 2015, 11:42:49 AM
 #963

PoSP White Paper released:

http://cryptobullion.io/white-paper/
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December 16, 2015, 01:54:08 PM
 #964

PoSP White Paper released:

http://cryptobullion.io/white-paper/

Nice job! Excited to see this thing live!

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December 16, 2015, 06:19:18 PM
 #965

PoSP White Paper released:

http://cryptobullion.io/white-paper/

A really enjoyable white paper to read. Well written, and in a way that most will understand.

Looking forward to the release of the client, and I can feel that buzz of excitement growing in my heart once again!

This first of its kind algorithm, will truly be a game changer for CBX, and provide the attention it deserves, along with bringing some old players back to the game I'm sure.




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December 16, 2015, 10:36:21 PM
 #966

PoSP White Paper released:

http://cryptobullion.io/white-paper/

Great job elambert! This paragraph from the white papers shows one of the reasons why I think the implementation of PoSP just made CBX a great investment opportunity, within crypto-currencies:

"In addition to enhancing security, this configuration is designed to encourage long-term investment into Crypto Bullion by inspiring the removal of CBX from the exchange market. Less CBX on the market for sale will have the effect of upward pressure on price and market cap making Crypto Bullion more attractive to new investors and more profitable to those earning stake by protecting the network. "

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December 17, 2015, 06:58:01 AM
 #967

There are any plans for adding CBX to other exchange than Cryptsy ? Because now main market for this coin is a scam without BTC withdrawals and 2 others sites are meaningless.

Getting listed on some other major exchanges is absolutely a priority. We are working on it and if you have suggestions for exchanges to approach, we are willing. Our main point of differentiation that will really set us apart and lead the way to a superior and more efficient way of doing things (PoSP) is about ready for release. This evolution will certainly be helpful in volume, community, market cap and alternative exchange listings...

Thanks

Other exchanges will be glad to have CBX (if Cryptsy mumble mumble . . . ). It's not as though it's a noobie coin lookin' for a handout. In fact, surely the exchanges will be waiting with open arms.

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ETH: 0x71233fE19874Cc3011399Bbd4275d6F45fd445BB
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December 17, 2015, 02:01:00 PM
 #968

December 17, 2015 'State of the Bullion' Address:

Hello to the Crypto Bullion community!

We are pleased to announce the completion and release of Vault v2.0 with PoSP! Vault downloads are available now via our website. Please update as soon as possible.

Hard fork will occur on December 31st at which point PoSP will be live.

PoW mining will conclude on January 1st.

PoSP release article is hitting the media wires today!

The Proof-of-Stake-Participation White Paper available here:
http://cryptobullion.io/white-paper/

~ CBX Core Team
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December 17, 2015, 02:35:22 PM
 #969

Congratulations and many thanks to all who contributed.

Excited to see developments are on the move.
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December 17, 2015, 04:00:50 PM
 #970

Hello,
Sorry for the lack of news about the developement of PoSP.
I will try to be more present as a developper on this topic.
I am very exciting that the PoSP is now out and I hope you gonna like the new look of the Vault. We wanted it simpler.
Everyone should update it in the next days.

Especially people that has got a node.

CBX Dev Donate: 5oS6SK8411DUdxritrohRW96rZmHC9DX7d
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December 17, 2015, 04:13:28 PM
 #971

did read whitepaper its a nice concept for support active network and reward active people

for a true storage of welath solution is i think the DMD path better where u able claim the POS income even if u where inactive for a few months
the only advantage active people have is compound interested but that still is as we see enough incentive to have like 200 different wallets online each day

still congrats for ur ideas we did think long about a PON (prove of node) reward system to replace the POW part of hybrid POW/POS coins
im just afraid ur solution is to close to POS that it cant coexist together as a hybrid solution

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December 17, 2015, 04:31:40 PM
 #972

did read whitepaper its a nice concept for support active network and reward active people

for a true storage of welath solution is i think the DMD path better where u able claim the POS income even if u where inactive for a few months
the only advantage active people have is compound interested but that still is as we see enough incentive to have like 200 different wallets online each day

still congrats for ur ideas we did think long about a PON (prove of node) reward system to replace the POW part of hybrid POW/POS coins
im just afraid ur solution is to close to POS that it cant coexist together as a hybrid solution

Hi cryptonit, thanks.

In response, I understand your point regarding storage and it has its merits, however, rewarding for inactivity has its problems as it does not help in securing the network and allows for an attack vulnerability via manipulation of the coin age multiplier. Also, PoSP is not a hybrid solution, PoSP will run alone without traditional PoS or PoW.

edit: and I am not sure your solution of offering 50% PoS interest to active stakers is conducive to wealth storage by those keeping funds offline...
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December 17, 2015, 05:06:20 PM
 #973

 金银币 (CBX) CryptoBullion for China - Investors Cryptocurrency

Video translated and posted on youtube. Everyone with connections in China or know how to share and post on Chinese sites please do so.
We need social media, video host sites and forums. Thanks for any assistance.

https://www.youtube.com/watch?v=6oKIzUlX-dE

They are also available as download (Chinese): https://drive.google.com/file/d/0B1T2KQyO309kMGtMd2ZmZWx4c0E/view

and download (English): https://drive.google.com/file/d/0B1T2KQyO309kWHVUbEJpWXJ4R28/view
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December 17, 2015, 05:18:37 PM
 #974

just forwarded this to a friend in china....so let's see
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December 17, 2015, 06:27:32 PM
 #975

Cool Dice game created by one of our community members:

http://52.10.195.19/cryptobullion

Thanks Adolfo!
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December 17, 2015, 06:33:30 PM
 #976

PoSP article starting to circulate.

http://bitcoinprbuzz.com/bitcoin-alternative-crypto-bullion-cbx-announces-unprecedented-posp-proof-of-stake-participation-algorithm/

Quote
Bitcoin Alternative Crypto Bullion (CBX) Announces Unprecedented PoSP Proof-of-Stake-Participation Algorithm
Dec 17, 2015 | Bitcoin Press Release

The Crypto Bullion (CBX) Team is thrilled to present to the world its next major achievement: an evolutionary staking reward algorithm, Proof-of-Stake-Participation (PoSP) and the associated hard fork. This pioneering method for allocating staking rewards will revolutionize the crypto-currency arena by maximizing network security via the re-appropriation of stake rewards from non-participants to better incentivize participants who actively engage in the actions that increase network security and value for Crypto Bullion investors.

Québec, Canada / December 17, 2015: Existing for more than two years in the crypto-currency market, Crypto Bullion enjoys a reputation that is the envy of many other coins; a true democratic from-the-ground-up approach integrated with a network that is fast, fair, open to innovation and friendly to investors. CBX is pleased to announce the upcoming launch of an unprecedented PoSP Proof-of-Stake-Participation algorithm for which details can be read in the official whitepaper here.

The block chain’s initial concept is based on attempting to break the inequitable old economy centralization of financial control, by transferring authority and trust to a decentralized network, in an open source environment. This increases efficiency and stimulates human creativity and personal development; now PoSP goes further and brings a creative and energy efficient method to ensure that the CBX network architecture will remain decentralized, secure and valuable: the perfect backbone for the new online economy.
Crypto Bullion will remain true to its core values that have been experienced by all holders since its inception: a healthy and low yearly 2% inflation, a small money supply, an interest paid to holders and fast 1-minute blocks. Crypto Bullion now transforms to a pure stake coin instead of the hybrid model it had followed.

The wasteful Proof-of-Work algorithm and the problematic “coin age” qualifier have been discarded. PoSP works in such a way that it rewards only the Vaults (CBX software) that are actively connected to the network, with their staking function enabled, starting immediately after the first staking hour. This is in stark contrast to traditional PoS requiring 30 days of coin age accumulation that rewards for activity counterproductive to network security and efficiency. Also, to ensure that 2% inflation is fixed, the reward for each individual block is calculated based on a percentage of current total money supply rather than on a percentage of staked coins.
The team recognizes that many CBX will not be staked (while held on exchange or offline in cold storage), PoSP insures all network rewards are allocated strictly to active CBX holders providing them a higher potential return in a safe network integrated with low global inflation. CBX owners will have the choice to earn interest by staking their funds and providing a protective service to the network or they can opt not to stake and forfeit their earnings potential to those who are providing a protective service.
Mandatory updated Vault version 2.0 is available now, and the announced hard fork will take place on December 31, 2015. After that date, only Vault 2.0 will be able to synchronize with the CBX network.

Dedicated to constantly improve the security of the CBX network, and bring value to Crypto Bullion holders, the Crypto Bullion Foundation and Development Team have many exciting projects in the queue that will continue to revolutionize and push further the potential of block chain technology, always with an objective of increasing true value to investors and CBX holders.
Anyone can participate in the PoSP revolution by acquiring CBX at the major exchanges, such as Banx.io, Cryptopia, Cryptsy and Yobit. The CBX team welcomes questions on the forum at http://forum.cryptobullion.io/, where people discuss any questions or suggestions they might have. For further detail on PoSP, the White Paper is available via the CBX website http://cryptobullion.io/white-paper/.
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December 17, 2015, 10:14:30 PM
 #977

I don't know how many in the community use reddit but it is popular with many crypto followers. I started a couple of posts in one of the shared boards to inform of and encourage discussion regarding CBX's new algo and its release. This is a good opportunity to hear from and discuss with members of other communities. If you guys care to chime in, ask questions, etc, feel free...

https://www.reddit.com/r/CryptoCurrency/comments/3x82jo/vault_20_with_posp_released_update_before_hard/

https://www.reddit.com/r/CryptoCurrency/comments/3x2zsi/new_proofofstake_algo_posp_white_paper_released/
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December 17, 2015, 11:21:45 PM
 #978

Banx.io wallet has been upgraded to V2.
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December 17, 2015, 11:35:59 PM
 #979

Someone can tell me if the coin have a hard limit of maximun coins in the code?

thanks

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December 18, 2015, 12:11:02 AM
 #980

Someone can tell me if the coin have a hard limit of maximun coins in the code?

thanks

Yes and no. One is written but it's just a filler. CBX will expand at 2% per year going forward.
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