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

[elambert]

How long does a wallet have to stay open and staking to see any gains?

by the way, it is updated.

Depends on how many CBX you have and how much competition is out there staking against you. After 1 hour online your CBX is eligible to stake and once you do get a block, another hour must go by before you are eligible again. How many are staking?

[Caliber]

so are you saying in other words, that you do not get a percentage for staking? but are in esence, competing for POS? I thought POS was like interest% not mining?

[BitFinnese]

so are you saying in other words, that you do not get a percentage for staking? but are in esence, competing for POS? I thought POS was like interest% not mining?

The idea about PosP is interesting but since there is competition between open wallet, those who have few coins cannot compete against those who have large stash.  I believe this only benefits those who have huge bag of CBX.  Not a small holder friendly.  It is not participation but rather competition.

Depends on how many CBX you have and how much competition is out there staking against you. After 1 hour online your CBX is eligible to stake and once you do get a block, another hour must go by before you are eligible again. How many are staking?

If they can address the issue of the competition but give an equivalent share of stake  of the coins that are not currently staking to those open wallet would be awesome.

[elambert]

so are you saying in other words, that you do not get a percentage for staking? but are in esence, competing for POS? I thought POS was like interest% not mining?

The idea about PosP is interesting but since there is competition between open wallet, those who have few coins cannot compete against those who have large stash.  I believe this only benefits those who have huge bag of CBX.  Not a small holder friendly.  It is not participation but rather competition.

Depends on how many CBX you have and how much competition is out there staking against you. After 1 hour online your CBX is eligible to stake and once you do get a block, another hour must go by before you are eligible again. How many are staking?

If they can address the issue of the competition but give an equivalent share of stake  of the coins that are not currently staking to those open wallet would be awesome.

Couple of things here:

In traditional PoS one would receive a set percentage of annual interest on their coins, let us use CBX's 2% inflation in this example. In order for one to receive this, they would only have to open their wallet periodically based on the settings - typically every 30 - 90 days, receive the payment and then close their wallet. The coins they own are doing very little to promote security or confirm transactions and they still have to compete against other wallets (days * coins equation for priority of staking order).

In PoSP this structure is changed forcing stakers to 'earn' rather than just receive. Earning PoSP interest is dependent on contributing to network security and transaction confirmations. In order to do be eligible, one must keep their Vault (wallet) running and after a period of 1 hour, they start to compete for the blocks occurring every 65 seconds. Larger wallets will win more blocks, this is true but they still have to wait 1 hour after staking and compete with the smaller wallets that are accumulating via the 'days * coins' equation - just like the traditional model. The end result here is that everyone who owns coins and stakes continuously will earn 3-6 times higher interest (6% -12% annually) then they would in the traditional model since all coins will never be participating at all times (coins at exchanges, in cold storage, lost coins, etc).

We prefer this model of rewarding those who participate in supporting the network to one that just pays an interest for owning coins.

[Cbx.Bet]

The idea about PosP is interesting but since there is competition between open wallet, those who have few coins cannot compete against those who have large stash.  I believe this only benefits those who have huge bag of CBX.  Not a small holder friendly.  It is not participation but rather competition.

POSP does not favor large portfolios.
If 20% of the wallets staked. The staking yields 10%
If you have a $ 100 wallet you earn $ 0.83 per month.
If you have a $ 10,000 wallet you earn $ 83 a month.

[BitcoinCharlie]

How does one tell his wallet how much of the coins in the wallet to stake? Or is it always 100% of the coins in the wallet?

[elambert]

How does one tell his wallet how much of the coins in the wallet to stake? Or is it always 100% of the coins in the wallet?

Your Vault will stake all coins in it.

[JOAC]

Wow, i love how quickly you answer all the questions, and very clearly, you guys have it going on. Glad I snagged some of these coins.
Great team here that really knows their product. RARE!!!

[Alex4J]

so are you saying in other words, that you do not get a percentage for staking? but are in esence, competing for POS? I thought POS was like interest% not mining?

The idea about PosP is interesting but since there is competition between open wallet, those who have few coins cannot compete against those who have large stash.  I believe this only benefits those who have huge bag of CBX.  Not a small holder friendly.  It is not participation but rather competition.

Depends on how many CBX you have and how much competition is out there staking against you. After 1 hour online your CBX is eligible to stake and once you do get a block, another hour must go by before you are eligible again. How many are staking?

If they can address the issue of the competition but give an equivalent share of stake  of the coins that are not currently staking to those open wallet would be awesome.

Hello,
Interesting point, but you are wrong, CBX wallet like all coins split your stake in half if they are higher than 1k cbx.
It means biggest wallet only stake with maximum of 1k CBX.
500 CBX in a stake are completly ok and enough to stake, and it's pretty cheap nowadays, it's ~$20. It's still an amount of money, but you can stake with only 100 cbx too, it's just less common to have block but you still earn blocks very often and it's costing ~$5. So it's not a competition between big wallet, it's just an investment.

[VonSpass]

Here are the final results from the last poll regarding inflation:

After much debating, the devs of CBX agree to innovating and implementing 'PoSP Masternodes' - Same participation idea where online participants get all rewards, thus making actual personal gain percentage much higher

Keep the current 2% inflation profile: 2.5% global reward to PoSP masternode runners (12 500 CBX yearly) and 1.5% global reward (7 500 CBX) to non masternode - 20 votes

Increase inflation slightly to 2.75%, to better entice masternode creation: 4% to masternodes (20 000 CBX yearly) and 1.5% (7 500) to non masternode - 11 votes

Increase inflation more significantly to even better reward masternode runners - 3.25%: 5% to masternodes (25 000 CBX yearly) and 1.5% (7 500) to non masternode - 4 votes

I do not want CBX to implement masternodes - 3 votes

The results are overwhelmingly clear, community still wants masternodes (or BPN's) but community does not want more inflation!

Stay tuned for next poll

[orco#2]

how get to $50 per cbx?

[VonSpass]

New poll posted; I know this will be a sticky point for many people since we are suggesting the creation of 10 000 CBX, so let's all decide together how we will fund further dev work, once we complete the upcoming Roadmap (this Roadmap will be posted here later today). We have found a creative way to provide ongoing financing.

We will ask for 10 000 CBX to be locked in a Foundation maintained Bullion Participation Node (BPN), or masternode. This 10 000 CBX created by superblock shall be locked in this BPN, and the network gains made from running this BPN will be used to fund future development.

As one can expect, once this new environment of masternodes is in place, adjustments, marketing and further coding and marketing will always be needed, and this is not free. What this proposed financing method guarantees is permanent funding for ongoing development; we are a small community so there are no easy choices where we just leave to others to do the heavy lifting - either we contribute by paying, or we allow CBX team to create a superblock gain that will forever be used to permanently replenish CBX Foundation's coffers for upcoming projects.

This superblock can be explained and justified by the CBX blocks that did not happen since PoSP, as you know that the CBX network has not been paying the stated 2% - actual inflation has been around 1.5% - 1.6% for a compounded 1.8% total. Now, with this hard fork we have an opportunity to leverage these "missed" CBX. Also, before CBX adopted PoSP, CBX was using a PoS algorithm where transfers cancelled some coin-age, thus resulting in the network not generating the stated 2%. With this superblock option we will finance this project while creating CBX that should have been created anyway.

Voting for options 2 or 3 is a binding oath agreement, folks. Should any of those 2 options be selected by majority, we will expect the right amount to be deposited within a period of time OR CBX team will have no choice but falling back on option 1 if people's vouches are not respected. All funds vouched and received as per options 2 and 3 would be used to purchase the 10 000 CBX needed from the exchange market - if we decide not to have the superblock.

[elambert]

how get to $50 per cbx?

First we get to $5 per CBX - road-map projects should get us to this point at least. At that point development will be permanently funded and continue as well as incorporate more assistance (coding, advertising, etc).

[Attack.of.the.Clones]

New poll posted; I know this will be a sticky point for many people since we are suggesting the creation of 10 000 CBX, so let's all decide together how we will fund further dev work, once we complete the upcoming Roadmap (this Roadmap will be posted here later today). We have found a creative way to provide ongoing financing.

We will ask for 10 000 CBX to be locked in a Foundation maintained Bullion Participation Node (BPN), or masternode. This 10 000 CBX created by superblock shall be locked in this BPN, and the network gains made from running this BPN will be used to fund future development.

As one can expect, once this new environment of masternodes is in place, adjustments, marketing and further coding and marketing will always be needed, and this is not free. What this proposed financing method guarantees is permanent funding for ongoing development; we are a small community so there are no easy choices where we just leave to others to do the heavy lifting - either we contribute by paying, or we allow CBX team to create a superblock gain that will forever be used to permanently replenish CBX Foundation's coffers for upcoming projects.

This superblock can be explained and justified by the CBX blocks that did not happen since PoSP, as you know that the CBX network has not been paying the stated 2% - actual inflation has been around 1.5% - 1.6% for a compounded 1.8% total. Now, with this hard fork we have an opportunity to leverage these "missed" CBX. Also, before CBX adopted PoSP, CBX was using a PoS algorithm where transfers cancelled some coin-age, thus resulting in the network not generating the stated 2%. With this superblock option we will finance this project while creating CBX that should have been created anyway.

Voting for options 2 or 3 is a binding oath agreement, folks. Should any of those 2 options be selected by majority, we will expect the right amount to be deposited within a period of time OR CBX team will have no choice but falling back on option 1 if people's vouches are not respected. All funds vouched and received as per options 2 and 3 would be used to purchase the 10 000 CBX needed from the exchange market - if we decide not to have the superblock.

I'm voting for the Superblock, CBX has been around since 2013 but still might struggle to get sufficient donations as community is small. The Superblock makes sense!

[Cbx.Bet]

Eager to discover the roadmap

[VonSpass]

[aizzaku]

Interesting... looking forward to it. Also please consider what i sent elambert in PM.

[cryptobullion.io]

OP has been updated with 2017 road-map.
Also, broadcasted through Facebook and Twitter.

[malafaya]

New poll posted; I know this will be a sticky point for many people since we are suggesting the creation of 10 000 CBX, so let's all decide together how we will fund further dev work, once we complete the upcoming Roadmap (this Roadmap will be posted here later today). We have found a creative way to provide ongoing financing.

We will ask for 10 000 CBX to be locked in a Foundation maintained Bullion Participation Node (BPN), or masternode. This 10 000 CBX created by superblock shall be locked in this BPN, and the network gains made from running this BPN will be used to fund future development.

As one can expect, once this new environment of masternodes is in place, adjustments, marketing and further coding and marketing will always be needed, and this is not free. What this proposed financing method guarantees is permanent funding for ongoing development; we are a small community so there are no easy choices where we just leave to others to do the heavy lifting - either we contribute by paying, or we allow CBX team to create a superblock gain that will forever be used to permanently replenish CBX Foundation's coffers for upcoming projects.

This superblock can be explained and justified by the CBX blocks that did not happen since PoSP, as you know that the CBX network has not been paying the stated 2% - actual inflation has been around 1.5% - 1.6% for a compounded 1.8% total. Now, with this hard fork we have an opportunity to leverage these "missed" CBX. Also, before CBX adopted PoSP, CBX was using a PoS algorithm where transfers cancelled some coin-age, thus resulting in the network not generating the stated 2%. With this superblock option we will finance this project while creating CBX that should have been created anyway.

Voting for options 2 or 3 is a binding oath agreement, folks. Should any of those 2 options be selected by majority, we will expect the right amount to be deposited within a period of time OR CBX team will have no choice but falling back on option 1 if people's vouches are not respected. All funds vouched and received as per options 2 and 3 would be used to purchase the 10 000 CBX needed from the exchange market - if we decide not to have the superblock.

The superblock is blowing the competition away (i.e. community financing).

[Cbx.Bet]

Great roadmap
The value of a crypto is equal to the number of its users.
CBX already has a great value in relation to its community.
The team does everything to grow
Cbx to a bright future