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

[VonSpass]

First when I adopt CBX the price of CBX was above than 50K satoshi, but the price of CBX getting lowered every day. today I notice we are at 39K satoshi. to be honest it makes me worry. I am stored my CBX from last 2 months for better profit. but till then I am not getting profit I guess.
but I would like to hold my CBX for more time. I hope CBX price will increase,

Today's price is just what it is: a lower number, Jamal. But take a closer look: just like before, now if someone invests 3 BTC this takes CBX much higher. There are not more CBX for sale, its just the price that came down after a few dumps we have seen in the past weeks - it would just take one investor with 3 BTC and all this goes away. Many walls we had before are gone, too - I like that much better...

If you don't like this lower number - ask yourself what you can do to make it better!  Thats the question we should all be asking ourselves if we do not like the current situation. A crypto like CBX is just a base we are providing which can be put to use in many exciting projects. It is those projects that can take CBX to an incredibly higher level...

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[Killiz]

First when I adopt CBX the price of CBX was above than 50K satoshi, but the price of CBX getting lowered every day. today I notice we are at 39K satoshi. to be honest it makes me worry. I am stored my CBX from last 2 months for better profit. but till then I am not getting profit I guess.
but I would like to hold my CBX for more time. I hope CBX price will increase,

Although CBX/BTC price is lower. The CBX/USD price has remained steady at around 22 cents for quite a number of months now.

www.coinmarketcap.com/currencies/cryptogenic-bullion/

Do not worry, let bitcoin have its run. Some people prefer to hold bitcoin when it is on the rise and they sell their alts  to do so.

CBX value could increase 10x or more within a short space of time. How long would you need to hold bitcoin for that to happen? Hold tight, there is much more potential in CBX than bitcoin anyway.

[Dekker3D]

First when I adopt CBX the price of CBX was above than 50K satoshi, but the price of CBX getting lowered every day. today I notice we are at 39K satoshi. to be honest it makes me worry. I am stored my CBX from last 2 months for better profit. but till then I am not getting profit I guess.
but I would like to hold my CBX for more time. I hope CBX price will increase,

Although CBX/BTC price is lower. The CBX/USD price has remained steady at around 22 cents for quite a number of months now.

www.coinmarketcap.com/currencies/cryptogenic-bullion/

Do not worry, let bitcoin have its run. Some people prefer to hold bitcoin when it is on the rise and they sell their alts  to do so.

CBX value could increase 10x or more within a short space of time. How long would you need to hold bitcoin for that to happen? Hold tight, there is much more potential in CBX than bitcoin anyway.

Plus the 50k sats before was when the btc is priced at $400 but now it is close to $600 so even if the sats value went lower, the USD is not.

[IMZ]

'If you don't like this lower number - ask yourself what you can do to make it better!  Thats the question we should all be asking ourselves if we do not like the current situation. A crypto like CBX is just a base we are providing which can be put to use in many exciting projects. It is those projects that can take CBX to an incredibly higher level.'

Well said, V.S.!

And my thanks here to V.S. and Elambert, and our dev, and to the CBX enthusiast who has a fat 2.0 BTC bid (@0.00005500) to buy CBX in the Cryptopia order book: no buy-support, no CBX!

Mark

[Killiz]

Liking the bullion lottery thing.

I've had an idea for a while of running a blockchain lottery for CBX.

I like my competitions and such as some of you will know through my past giveaways.

The rules of this lottery would be roughly as follows:

(1) A future block number would be picked by myself, approximately 1 week prior to it being found.

(2) All participants would pay an entry fee from their address that would be taking part in the lottery.

(3) Whichever entered address stakes that selected block or the closest entered address to it, wins the pot.

(4) A maximum of 1000CBX can be used for staking in an address that enters the lottery. This stops any advantage to large holders who win many blocks because of the balance of a particular address.

What do you guys think? Would anyone be interested?
I could run a weekly lottery with maybe a 10CBX entry fee and the winner takes all.

Will add a little fun, and get people staking.

[Dekker3D]

Liking the bullion lottery thing.

I've had an idea for a while of running a blockchain lottery for CBX.

I like my competitions and such as some of you will know through my past giveaways.

The rules of this lottery would be roughly as follows:

(1) A future block number would be picked by myself, approximately 1 week prior to it being found.

(2) All participants would pay an entry fee from their address that would be taking part in the lottery.

(3) Whichever entered address stakes that selected block or the closest entered address to it, wins the pot.

(4) A maximum of 1000CBX can be used for staking in an address that enters the lottery. This stops any advantage to large holders who win many blocks because of the balance of a particular address.

What do you guys think? Would anyone be interested?
I could run a weekly lottery with maybe a 10CBX entry fee and the winner takes all.

Will add a little fun, and get people staking.

Good idea. This is good for the coin that others are taking part in providing usage to it. I hope more merchants, web owners, thinkers out there can collaborate in providing services for the coin.

[malafaya]

(4) A maximum of 1000CBX can be used for staking in an address that enters the lottery. This stops any advantage to large holders who win many blocks because of the balance of a particular address.

I didn't understand this rule. Remember that the staking process already splits blocks bigger than 1000 CBX so it's unlikely a block bigger than that will stake in a usually staking Vault. Larger holders will have many 500-1000 CBX blocks and that is their advantage as they can stake a few blocks in a row.

[Dekker3D]

(4) A maximum of 1000CBX can be used for staking in an address that enters the lottery. This stops any advantage to large holders who win many blocks because of the balance of a particular address.

I didn't understand this rule. Remember that the staking process already splits blocks bigger than 1000 CBX so it's unlikely a block bigger than that will stake in a usually staking Vault. Larger holders will have many 500-1000 CBX blocks and that is their advantage as they can stake a few blocks in a row.

Good point, yes the ones with bigger wallets can stake faster as those are split into smaller 1000s.

[IMZ]

Accepting the risk of keeping coin on exchanges is part of the exciting adventure of developing a crypto, so let’s stop pretending that we don’t and shouldn’t keep coin on exchanges. I call for all CBX enthusiasts to keep, say, point two of a Bitcoin in buy-support at all times.

I ask that we no longer blithely accept statements about How The Price Is about to Go up by 1000%. One reason is that, IMHO, it’s disrespectful to those who work long and hard behind the scenes. Another is that it’s sloppy thinking, conclusion with forceful argumentation.

Lastly: isn’t our third birthday just days away? Shouldn’t we be counting the sleeps? In case you’re new to cryptos, three years is a big deal. And to celebrate, I ask for a frank discussion of who we are, and where we’re going. Are we a ‘traders’ coin’? Are we fully committed to developing CBX as a currency?

Mark

[Killiz]

(4) A maximum of 1000CBX can be used for staking in an address that enters the lottery. This stops any advantage to large holders who win many blocks because of the balance of a particular address.

I didn't understand this rule. Remember that the staking process already splits blocks bigger than 1000 CBX so it's unlikely a block bigger than that will stake in a usually staking Vault. Larger holders will have many 500-1000 CBX blocks and that is their advantage as they can stake a few blocks in a row.

Good point, yes the ones with bigger wallets can stake faster as those are split into smaller 1000s.

An address with a large balance, say 10000 can have many inputs of 1000 or less CBX. Allowing addresses with large balances would be unfair as they may stake many blocks in a row as you say
What I mean is the address can only have a maximum total balance of 1000 CBX to qualify for entry, whether it be one input of 1000, 2 inputs of 500, 4 inputs of 250 etc.
Any address with a balance larger than 1000 will have their entry fee returned.

[VonSpass]

Yobit's CBX wallet has come out of maintenance mode, but be warned that I have a CBX withdraw that is requested and still stuck and unfulfilled.

"Transfer from cold storage" still ongoing at Yobit - this withdraw has been stuck like that for 2 weeks.

So, careful trading with Yobit with any cryptocurrency, that exchange is still not firing on all cylinders

[VonSpass]

Accepting the risk of keeping coin on exchanges is part of the exciting adventure of developing a crypto, so let’s stop pretending that we don’t and shouldn’t keep coin on exchanges. I call for all CBX enthusiasts to keep, say, point two of a Bitcoin in buy-support at all times.

I ask that we no longer blithely accept statements about How The Price Is about to Go up by 1000%. One reason is that, IMHO, it’s disrespectful to those who work long and hard behind the scenes. Another is that it’s sloppy thinking, conclusion with forceful argumentation.

Lastly: isn’t our third birthday just days away? Shouldn’t we be counting the sleeps? In case you’re new to cryptos, three years is a big deal. And to celebrate, I ask for a frank discussion of who we are, and where we’re going. Are we a ‘traders’ coin’? Are we fully committed to developing CBX as a currency?

Mark

Yes; CBX's public launch date was June 28th, 2013: three years of circulation is a solid track record in the crypto world - We are always ready to have that frank discussion IMZ; you have creative ideas to develop CBX in a lasting and meaningful manner, let's talk and everyone is invited to pitch in his ideas...

[Dekker3D]

(4) A maximum of 1000CBX can be used for staking in an address that enters the lottery. This stops any advantage to large holders who win many blocks because of the balance of a particular address.

I didn't understand this rule. Remember that the staking process already splits blocks bigger than 1000 CBX so it's unlikely a block bigger than that will stake in a usually staking Vault. Larger holders will have many 500-1000 CBX blocks and that is their advantage as they can stake a few blocks in a row.

Good point, yes the ones with bigger wallets can stake faster as those are split into smaller 1000s.

An address with a large balance, say 10000 can have many inputs of 1000 or less CBX. Allowing addresses with large balances would be unfair as they may stake many blocks in a row as you say
What I mean is the address can only have a maximum total balance of 1000 CBX to qualify for entry, whether it be one input of 1000, 2 inputs of 500, 4 inputs of 250 etc.
Any address with a balance larger than 1000 will have their entry fee returned.

So, someone who has thousands of CBX must create a new address then transfer only 1000 CBX there so he can use that address to qualify, right?

[Killiz]

(4) A maximum of 1000CBX can be used for staking in an address that enters the lottery. This stops any advantage to large holders who win many blocks because of the balance of a particular address.

I didn't understand this rule. Remember that the staking process already splits blocks bigger than 1000 CBX so it's unlikely a block bigger than that will stake in a usually staking Vault. Larger holders will have many 500-1000 CBX blocks and that is their advantage as they can stake a few blocks in a row.

Good point, yes the ones with bigger wallets can stake faster as those are split into smaller 1000s.

An address with a large balance, say 10000 can have many inputs of 1000 or less CBX. Allowing addresses with large balances would be unfair as they may stake many blocks in a row as you say
What I mean is the address can only have a maximum total balance of 1000 CBX to qualify for entry, whether it be one input of 1000, 2 inputs of 500, 4 inputs of 250 etc.
Any address with a balance larger than 1000 will have their entry fee returned.

So, someone who has thousands of CBX must create a new address then transfer only 1000 CBX there so he can use that address to qualify, right?

Yes. This is the only way to keep things fair for everyone who would take part.
It would be totally down to luck. The winning address at the time of finding the winning block must have a balance of no more than 1000 CBX.
If someone were to enter the lotto and then add more funds to the address to increase the chances of hitting the winning block, the winnings would go to the next qualifying address with a final balance of 1000 or less.

The balance of the addresses at the time of staking would be checked to insure this rule is not broken.

[Killiz]

Accepting the risk of keeping coin on exchanges is part of the exciting adventure of developing a crypto, so let’s stop pretending that we don’t and shouldn’t keep coin on exchanges. I call for all CBX enthusiasts to keep, say, point two of a Bitcoin in buy-support at all times.

I ask that we no longer blithely accept statements about How The Price Is about to Go up by 1000%. One reason is that, IMHO, it’s disrespectful to those who work long and hard behind the scenes. Another is that it’s sloppy thinking, conclusion with forceful argumentation.

Lastly: isn’t our third birthday just days away? Shouldn’t we be counting the sleeps? In case you’re new to cryptos, three years is a big deal. And to celebrate, I ask for a frank discussion of who we are, and where we’re going. Are we a ‘traders’ coin’? Are we fully committed to developing CBX as a currency?

Mark

Mark. I'm not sure if you are having a dig at me here regarding my post about the possibility of CBX value increasing 10x.

First when I adopt CBX the price of CBX was above than 50K satoshi, but the price of CBX getting lowered every day. today I notice we are at 39K satoshi. to be honest it makes me worry. I am stored my CBX from last 2 months for better profit. but till then I am not getting profit I guess.
but I would like to hold my CBX for more time. I hope CBX price will increase,

Although CBX/BTC price is lower. The CBX/USD price has remained steady at around 22 cents for quite a number of months now.

www.coinmarketcap.com/currencies/cryptogenic-bullion/

Do not worry, let bitcoin have its run. Some people prefer to hold bitcoin when it is on the rise and they sell their alts  to do so.

CBX value could increase 10x or more within a short space of time. How long would you need to hold bitcoin for that to happen? Hold tight, there is much more potential in CBX than bitcoin anyway.

If so, can you please elaborate on how this post is both disrespectful and of sloppy thinking? I just don't get it. Maybe my mind is too full of slop.

If not, then my mind is definitely full of slop.

[IMZ]

@ Killiz

Morning, Killiz. Goodness, no. I'm not having a dig at you personally. You said, 'could go up,' which is possible (with hard hard work of the right type).

What I was having a dig at is a general attitude that's been prevalent for a long time: buy and wait (and get rich without contributing anything to this community)

[Magnificent pink dawn-sky here.]

Mark

[malafaya]

(4) A maximum of 1000CBX can be used for staking in an address that enters the lottery. This stops any advantage to large holders who win many blocks because of the balance of a particular address.

I didn't understand this rule. Remember that the staking process already splits blocks bigger than 1000 CBX so it's unlikely a block bigger than that will stake in a usually staking Vault. Larger holders will have many 500-1000 CBX blocks and that is their advantage as they can stake a few blocks in a row.

Good point, yes the ones with bigger wallets can stake faster as those are split into smaller 1000s.

An address with a large balance, say 10000 can have many inputs of 1000 or less CBX. Allowing addresses with large balances would be unfair as they may stake many blocks in a row as you say
What I mean is the address can only have a maximum total balance of 1000 CBX to qualify for entry, whether it be one input of 1000, 2 inputs of 500, 4 inputs of 250 etc.
Any address with a balance larger than 1000 will have their entry fee returned.

So, someone who has thousands of CBX must create a new address then transfer only 1000 CBX there so he can use that address to qualify, right?

Yes. This is the only way to keep things fair for everyone who would take part.
It would be totally down to luck. The winning address at the time of finding the winning block must have a balance of no more than 1000 CBX.
If someone were to enter the lotto and then add more funds to the address to increase the chances of hitting the winning block, the winnings would go to the next qualifying address with a final balance of 1000 or less.

The balance of the addresses at the time of staking would be checked to insure this rule is not broken.

OK, I got it. But still a 1000 CBX would have 10x more chances of winning than a 100 CBX, right? And that for the same entry fee.

[Killiz]

@ Killiz

Morning, Killiz. Goodness, no. I'm not having a dig at you personally. You said, 'could go up,' which is possible (with hard hard work of the right type).

What I was having a dig at is a general attitude that's been prevalent for a long time: buy and wait (and get rich without contributing anything to this community)

[Magnificent pink dawn-sky here.]

Mark

Ah, ok Mark. Sure, I was just commenting on the maths. $2 from $0.22 is a lot easier and quicker to get to than $5800 from $580. Same initial investment, one easily achievable, the other not so easy.

[Killiz]

(4) A maximum of 1000CBX can be used for staking in an address that enters the lottery. This stops any advantage to large holders who win many blocks because of the balance of a particular address.

I didn't understand this rule. Remember that the staking process already splits blocks bigger than 1000 CBX so it's unlikely a block bigger than that will stake in a usually staking Vault. Larger holders will have many 500-1000 CBX blocks and that is their advantage as they can stake a few blocks in a row.

Good point, yes the ones with bigger wallets can stake faster as those are split into smaller 1000s.

An address with a large balance, say 10000 can have many inputs of 1000 or less CBX. Allowing addresses with large balances would be unfair as they may stake many blocks in a row as you say
What I mean is the address can only have a maximum total balance of 1000 CBX to qualify for entry, whether it be one input of 1000, 2 inputs of 500, 4 inputs of 250 etc.
Any address with a balance larger than 1000 will have their entry fee returned.

So, someone who has thousands of CBX must create a new address then transfer only 1000 CBX there so he can use that address to qualify, right?

Yes. This is the only way to keep things fair for everyone who would take part.
It would be totally down to luck. The winning address at the time of finding the winning block must have a balance of no more than 1000 CBX.
If someone were to enter the lotto and then add more funds to the address to increase the chances of hitting the winning block, the winnings would go to the next qualifying address with a final balance of 1000 or less.

The balance of the addresses at the time of staking would be checked to insure this rule is not broken.

OK, I got it. But still a 1000 CBX would have 10x more chances of winning than a 100 CBX, right? And that for the same entry fee.

The fee would remain the same no matter what the balance of the address is.
Good point though, a balance of 1000 with 2 inputs of 500 may stake 2 blocks per hour. While a balance of 100 may stake 1 block every few hours or more.
The qualifying balance could be brought down from 1000 to a fairer amount to accommodate those with much less than 1000 CBX.

Got to get this fair for everyone no matter how many CBX you hold. I think the lowest amount must be no lower than 100 CBX though.

Edit. 1000 CBX would have 1 chance every 60 blocks (1 hour wait before being eligible for staking again) so the chances of an input of 1000 winning the block would probably even out against a lower balance.

Is anyone staking with around 100 CBX? How often are you finding a block if you are staking continuously 24/7?
Just curious.

[digit]

Is anyone staking with around 100 CBX? How often are you finding a block if you are staking continuously 24/7?
Just curious.

It varies as it depends how many others are also staking at the same on the network.  I had as many as 5 in one day for <100 CBX in one address, average is about 1 block/day, can expect to hit a block at least every day has been my experience with small stakes.  Also multiple inputs less than 500 coins can sometimes combine when staking and increase their weight for future staking so it becomes more efficient over time.

I also agree with IMZ that everyone should stop using Yobit, it has a long history of being scammy, no support and likely behind many of the ICOs launched there :\