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

[JOAC]

I agree with aizzaku, if you make it 10k just like the supernode, it's gonna be way out of reach for most.
That means way less followers, and everyone will, likely just avoid the coin, as most do trying to mine BTC now, everyone reaches for lower coins with lower price to trade for BTC, and unless you plan on passing BTC soon, then this will make it very unlikely to happen.

[1714145944]

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[1714145944]

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[Caliber]

Well, my vote is for 1,000 that makes it attainable, and a goal, therefore, I think people will shoot for that number and the sales should increase as well as the members/followers.
500 too low, will make it too easy, and not enough profit per PosP.
I believe that would work almost perfectly.
Just my opinion.

[JOAC]

I agree with aizzaku, if you make it 10k just like the supernode, it's gonna be way out of reach for most.
That means way less followers, and everyone will, likely just avoid the coin, as most do trying to mine BTC now, everyone reaches for lower coins with lower price to trade for BTC, and unless you plan on passing BTC soon, then this will make it very unlikely to happen.

+1

I voted for 500 CBX, but if i could change my vote, I would now agree with Caliber,  makes sense...if my vote can be changed, please change it. to 1000 CBX.

[malafaya]

Just something that crossed my mind in the past few days: if we implement the superblock we voted for last week, won't we be risking being excluded from Cryptopia for "changing the blockchain"?
Out of Cryptopia, there won't be any "acceptable" exchange for us to trade at.

[elambert]

Just something that crossed my mind in the past few days: if we implement the superblock we voted for last week, won't we be risking being excluded from Cryptopia for "changing the blockchain"?
Out of Cryptopia, there won't be any "acceptable" exchange for us to trade at.

Cryptopia delists for reversing transactions (editing blockchain history). This is a completely different matter.

[malafaya]

Just something that crossed my mind in the past few days: if we implement the superblock we voted for last week, won't we be risking being excluded from Cryptopia for "changing the blockchain"?
Out of Cryptopia, there won't be any "acceptable" exchange for us to trade at.

Cryptopia delists for reversing transactions (editing blockchain history). This is a completely different matter.

Ok, good to know.

[Yannic]

Was anniversary of the block #1 or i'm wrong ?
https://chainz.cryptoid.info/cbx/block.dws?1.htm


Is there any official anniversary birth date for CBX ?

[NASdaq]

The sweet spot for a BPN is 2000, it gives everyone reading this TODAY a great chance of getting one (under 1k USD), so it'll lock up more coins early.

1000 is too low
5000 is too high

edit: with a CBX marketcap of 10M, a BPN would be valued at 20K USD with requirement of 2000 coins - that feels right for a coin with low supply getting inspiration from Bullion

[UtopianNow]

The sweet spot for a BPN is 2000, it gives everyone reading this TODAY a great chance of getting one (under 1k USD), so it'll lock up more coins early.

1000 is too low
5000 is too high

edit: with a CBX marketcap of 10M, a BPN would be valued at 20K USD with requirement of 2000 coins - that feels right for a coin with low supply getting inspiration from Bullion

I agree, BPN's should require a significant investment, CBX is a rare store of value coin, not the crypto you use to buy coffee & donuts with.

[Adam D Levine]

2000 coins is too high, with only 500 BPN nodes there'd be no CBX left in circulation.

Is there a limit on how many total coins can be locked in the BPN's?

What's the target number of BPN's?

I reckon dev team should decide the parameters, community votes are dangerous, not everyone thinks about the ramifications as deeply as the devs

[JOAC]

2000 coins is too high, with only 500 BPN nodes there'd be no CBX left in circulation.

Is there a limit on how many total coins can be locked in the BPN's?

What's the target number of BPN's?

I reckon dev team should decide the parameters, community votes are dangerous, not everyone thinks about the ramifications as deeply as the devs

If that is the case then 500 should be the case, because, if these coins are ever to be that valuable, and I hope they are, then, 500 should be sufficient to get the job done, unless the dev plans on being like the Federal Reserve and requires a tax on every penny, and if that is the case, then why not just stick with regular currency?

[KLONE]

I reckon dev team should decide the parameters, community votes are dangerous, not everyone thinks about the ramifications as deeply as the devs

+1
I voted for 2000, but now I'm not sure ... without knowing the optimum number of masternodes it's hard to judge.

[elambert]

Is there a limit on how many total coins can be locked in the BPN's?

What's the target number of BPN's?

I reckon dev team should decide the parameters, community votes are dangerous, not everyone thinks about the ramifications as deeply as the devs

Yes there will be a limit on total coins. Internal discussions are leaning towards 25% of total supply so once this quota is met, there would be a queue to fill any BPN spots that come available. Target number of BPN's is to be determined.

The devs will make the decisions on the parameters but as there are some variables to play with, we want to hear the communities thoughts on amount for operating a BPN so this can be weighed in to the decision making process.

Thank you for the feedback.

[elambert]

Crypto Bullion hits a milestone today.


HAPPY 4TH BIRTHDAY TO CBX!

[Warren.Buffet]

Crypto Bullion hits a milestone today.


HAPPY 4TH BIRTHDAY TO CBX!

That's a marvellous achievement, wow, 4 years in this space is a LONG time to survive, congratulations!!

[digit]

Crypto Bullion hits a milestone today.


HAPPY 4TH BIRTHDAY TO CBX!

That's a marvellous achievement, wow, 4 years in this space is a LONG time to survive, congratulations!!

Wonderful

About the masternode plan, if going down this road i suggest no higher then 1000 CBX to run one, and has anyone checked with Cryptopia, if they would be okay with an injection of coins into the supply.  It might not be a rollback but it is still tinkering with coin supply.  Should also be considered that there also can be unforeseen risks/exploits introduced with a creating a superblock eg someone finding a way to exploit it later to generate more superblocks of coins for themselves.   As well as the negative perception of a hard fork that gives coins to the devs, this could be a complete turn off to potential investors down the track.  

If 10,000 CBX are required by the devs to make a supernode then these CBX should come from the existing supply via donation from the community.  This would be the safer and less risk.  Looking at the SPK ico it was able to take in 186,825 CBX, so it should not be difficult to get 10,000 CBX for the purpose of taking CBX forward as there are more users that would support this imho.  

I suggest a donation address should be set for the supernode fund and a progress meter posted to show how close we are to raising the 10,000. after which the new bullion nodes could introduce.  This would also demonstrate some real community spirit vs creating a superblock.

[elambert]

Crypto Bullion hits a milestone today.


HAPPY 4TH BIRTHDAY TO CBX!

That's a marvellous achievement, wow, 4 years in this space is a LONG time to survive, congratulations!!

Wonderful

About the masternode plan, if going down this road i suggest no higher then 1000 CBX to run one, and has anyone checked with Cryptopia, if they would be okay with an injection of coins into the supply.  It might not be a rollback but it is still tinkering with coin supply.  Should also be considered that there also can be unforeseen risks/exploits introduced with a creating a superblock eg someone finding a way to exploit it later to generate more superblocks of coins for themselves.   As well as the negative perception of a hard fork that gives coins to the devs, this could be a complete turn off to potential investors down the track.  

If 10,000 CBX are required by the devs to make a supernode then these CBX should come from the existing supply via donation from the community.  This would be the safer and less risk.  Looking at the SPK ico it was able to take in 186,825 CBX, so it should not be difficult to get 10,000 CBX for the purpose of taking CBX forward as there are more users that would support this imho.  

I suggest a donation address should be set for the supernode fund and a progress meter posted to show how close we are to raising the 10,000. after which the new bullion nodes could introduce.  This would also demonstrate some real community spirit vs creating a superblock.

Good points digit, we will give the funding address a try. I agree this would by far be the ideal but based off of the vote we had, it doesn't look like the support is there.

With regard to Cryptopia's policy, we have reached out a couple days ago and awaiting a response.

[Cbx.Bet]

happy Birthday 
As digit suggests the solution of donation may be better.
We can try to harvest 10000 cbx by the end of August.

[cryptobullion.io]

One critical piece of the outlined 2017 road-map is to put in place a self funding mechanism for continued development. The current plan is to create a 10k superblock at the time of the hardfork occurring in August/September to be used for a dev operated BPN from which interest earnings would fuel ongoing CBX development, advertising, etc. However, this is not ideal as it could potentially create an issue with exchange listing policies or negative perception/issues for investors. Resultant to this, it has been suggested to create a donation address to gather these funds from the community. In response to this suggestion the below address has been created to accept donations. The goal is 10k CBX. We will report periodically on progress towards the goal.

CBX Donation Address: 5jMKPEvPoHN4UNQEyEh9n84ZPdaQBMzfuZ

[Cbx.Bet]

CBX Donation Address: 5jMKPEvPoHN4UNQEyEh9n84ZPdaQBMzfuZ

Thanks for the address