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Crypto Bullion, the Cryptocurrency for Investors

Discussion in 'Other Crypto-currencies Discussions' started by pedrillo0, Jun 8, 2017.

  1. pedrillo0

    pedrillo0 ECZ Member

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    [​IMG]


    The Crypto Bullion (CBX) is the cryptocurrency that has all the right specifications for investment: Quick 65 second blocks for fast transactions, CBX is 100% Proof-of-Stake, there are only less than 1 million CBX in circulation with new coin generation (inflation) maintained at a healthy yearly 2%. The thing that is the most valuable though, is CBX's dev team which has been developing it since 2013.



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    PoSP is the special Proof-of-Stake algorithm that the CBX network uses to fuel itself, i.e. generate new blocks. This algorithm is what makes our unique network very secure and constantly well maintained, as CBX stake owners are rewarded for their participation in this task: creating a truly decentralized network securing algorithm is an important decision that many popular new coins seem to take lightly. PoSP makes sense in efficiency, decentralization and economic value.

    Earning CBX by staking is of course entirely optional. To earn rewards or "stake" and participate in the CBX network (and get rewarded for it), all a CBX holder need to do is to own some CBX and keep their CBX Vault Software running on their PC and in staking mode: i.e. either unlocked or unlocked for staking. Because participating in the PoSP program is optional, people who opt to not participate also give up their potential gains to those who do help in securing the network: this translates into very interesting rewards for you, if you choose to participate, as many opt not to participate for varied reasons (CBX held at exchanges, cold wallets, etc).


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    At the heart of Crypto Bullion is the CBX Vault Software. This free Software allows you to be in full control over your finances by allowing you to keep CBX stored on your personal computer, and earn interest by participating in the PoSP staking program. The latest version of the CBX Vault is 2.4.3.

    Links to directly download, install and sync the latest CBX Vault:

    CBX Trouble Shooting Tool and Auto Bootstrap Loader to eliminate historical blockchain syncing: Trouble Shooting Tool with May 1st 2017 Official Bootstrap

    CBX Bootstrap: http://node.alex4j.cryptobullion.io/bootstrap.zip
    CBX Windows Vault: https://github.com/cryptogenicbonds/CryptoBullion-CBX/releases/tag/2.4.3
    CBX MacOS Vault: https://github.com/cryptogenicbonds/CryptoBullion-CBX/releases/tag/2.4.3


    Github Archive for Vault 2.4.3: https://github.com/cryptogenicbonds/CryptoBullion-CBX/releases/tag/2.4.3


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    Promoting CBX is, naturally, a top priority for us. As a 3 year old cryptocurrency quite a bit of material has been produced online about CBX; yet promoting CBX is still very important since we know CBX remains widely unknown by the crypto community at large. CBX is a desirable coin, but with so many other choices out there it is important to make sure everybody has had a chance to review information about it.

    We are looking for help promoting CBX; if you are interested in getting involved and receive some CBX for it, please communicate with VonSpass.

    CBX and Quintessence Bitcointalk signature campaign:

    Quintessence signature program







    Crypto Bullion Mobile Promo Cards

    Cards are available in English with French or Spanish on the reverse side

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    Specifications:

    • Proof of Stake Participation (PoSP) – Dec 31, 2015

    • 65 Second block time

    • Staking eligibility after 1 hour

    • Variable Annual compound interest earned via PoSP (6%-12% on average)

    • 2% Annual inflation

    • Less than 1 million CBX in circulation

    • Year-long inflationary distribution stage completed on July 13, 2014

    • Proof of Work completed on January 1, 2016






    Exchanges:

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    Website

    PoSP White Paper

    Forum

    Source

    Block Explorer

    Vault Download

    User Guides

    Faucet

    Dice

    Historic Thread (CGB)



    Forums in other languages

    Official CBX forum in Greek English

    Official CBX forum in Spanish

    Official CBX forum in Greek

    Official CBX forum in Hindi

    Official CBX Forum in Indonesian

    Official CBX forum in Mandarin

    CBX official forum in Portuguese

    Official CBX forum in Russian

    Forum CBX officiel on tagalog


    [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG]




    Donate to the CBX Foundation Development Fund:

    CBX 5oS6SK8411DUdxritrohRW96rZmHC9DX7d
    BTC 1D1oyugjRQFAyJ9sRYBvWS2aUbJ9KnUsVG
     
  2. pedrillo0

    pedrillo0 ECZ Member

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    [​IMG]

    Let's talk about masternodes!

    I think there is something good with masternodes, more than a fad we should blindly follow. There are many advantages to adding BPN (Bullion Participation Nodes) to CBX - an even more reliable network, adding anonymity to the network, removing many coins from trading, thus making CBX even more scarce and facilitating the creation of a reliable mobile CBX app.

    I have posted a new poll, outlining how we see the possible implementations of masternodes to CBX; please select one, and perhaps voice your constructive opinion on this thread: https://bitcointalk.org/index.php?topic=951753.0

    Essentially, CBX holders continue to gain PoSP rewards, but we open 500 000 possible CBX to masternodes, at 10 000 CBX each. With option 2 as an example, we split 20 000 CBX yearly rewards between all registered BPN runners - this means that if 5 people lock in their 10 000 CBX each or 50 000 CBX then the 20 000 CBX reward gets divided among those 5 - or 4000 CBX each for a nice 40% yield!

    Large CBX holders will have the possibilitly of locking in more than one 10 000 CBX sum, in 10 000 CBX increments those will count as more nodes to the same owner.

    All this would work in typical PoSP fashion, online BPN or non BPN get all rewards for given block, essentially adding the Participation twist to traditional masternodes.

    The Crypto Bullion Team
     
  3. pedrillo0

    pedrillo0 ECZ Member

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    [​IMG]

    The Crypto Bullion Team
     
  4. pedrillo0

    pedrillo0 ECZ Member

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    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


    The Crypto Bullion Team
     
  5. pedrillo0

    pedrillo0 ECZ Member

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    In writing the white paper for the BPN implementation, I have been back and forth with the team regarding the current voting poll (cost for a BPN). Yes, a BPN should be an investment and the earning potential will justify the investment, however this is not the only consideration. I bring this point up because the 2k CBX option is presently leading.

    The issue I have with this is that in order for us to maintain PoSP and implement BPN, we must split the network coins so we can allow different interest earnings percentages for each function (BPNs should earn more as they provide more services to the network).

    Essentially this means splitting the 1 million total CBX into halves of 500k CBX each. One half would be used for PoSP at 1% annual inflation (interest earnings projected from this would be in the 3-6% annual range). The other half for BPN would be at 3% annual inflation so the two would balance out to our 2% inflationary target.

    Additionally to make BPN operation more lucrative, we will limit the total number of BPNs to max out at 250k CBX (1/4 of the network). This means that if all of the BPN slots are filled, the absolute minimum interest earnings would be 6% per year. Going off of our PoSP history, we can extrapolate that the return will actually be 3-6 times higher than the inflationary rate from the BPN half therefore rewarding in the projected range of 9-18% yearly for BPN operators.

    So with this outlined we come back to the current survey. If we set a BPN cost at 2k CBX, then the maximum number of nodes we can have on the network would be 125. If however we set BPN cost at 500 CBX, then we can have a maximum of 500 BPN on the network and better decentralization.

    Feel free to provide any input you want heard from the team regarding this subject: https://bitcointalk.org/index.php?topic=951753.new;topicseen#new

    Chris Mrozek (Founder of CBX)
     
  6. pedrillo0

    pedrillo0 ECZ Member

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    New poll posted; https://bitcointalk.org/index.php?topic=951753.3980 this time taking under consideration the proposed segmentation of the total CBX money offer, allowing only 250 000 CBX to take part in the global BPN network, this poll now also focuses on "how many nodes do you feel are necessary to maintain a healthy CBX network".

    As before, the amount of temporarily locked CBX should be high, but the higher we set this mark, the less nodes will be securing the network. So, please choose, this time focusing on those 2 essential parameters at the same time.

    Also remember that, with CBX's BPN network, regular non masternode nodes (regular online staking Vaults) will also be allowed to secure the network; although the block reward will be higher for actual BPNs.


    The Crypto Bullion Team
     
  7. pedrillo0

    pedrillo0 ECZ Member

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    Stage 1 of CBX 2017 Road-map update:

    Coding for the hardfork to implement BPNs is almost complete (75%) and will soon begin internal testing. Next steps after completion will be as follows:
    • Auto bootstrap load / trouble shooting tool integration into Vault build
    • QR support
    • GUI redesign and addition of in wallet metrics


    The Crypto Bullion Team
     
  8. pedrillo0

    pedrillo0 ECZ Member

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    Official CBX bootstrap updated to today. Download from the OP here or website if you need it.

    Also, we are still looking for donation for CBX Dev fund, see below:



    Donate to the CBX Foundation Development Fund:

    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

    [​IMG]

    The Crypto Bullion Team
     
  9. pedrillo0

    pedrillo0 ECZ Member

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    Just a quick update on the progression of development towards the roadmap objectives:

    1) Bootstrap loader will be as simple to all users, as promised; being finalized now,

    2) Testing the Scrypt algorithm with new Vault; Scrypt hashing will be necessary when testing the new CBX network: we had removed it prematurely in 2.4.3, and regretted it,

    3) Major CBX Vault GUI redesign as promised:
    much improved wallet metrics are being added
    full QR code functionality is being added, back and forth (reading QR codes, and generating them)

    The Crypto Bullion Team
     
  10. pedrillo0

    pedrillo0 ECZ Member

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    Thank you all for the support...

    [​IMG]

    The Crypto Bullion Team​
     
  11. pedrillo0

    pedrillo0 ECZ Member

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    Currently, we have a semi-operational new Vault, as we have to adjust the network interaction between the new Vault software when put in same network and running side-by-side with current 2.4.3 Vaults. This is important to allow a period of time where both Vaults will be running side-by-side on same network, before the phase 1 hard fork; also means things will be similar, network-wise, even after the hard fork.

    Let's review the requirements for phase 1 of 2017 roadmap:

    - Transaction anonymity still needs testing
    - Correction of memory usage issue is done :D
    - New Vault build with auto bootstrap loader is done ;D
    - Self-Funding has been taken care of by community (thanks, guys!) ;D
    - Full QR-code support is currently at 50% (new Vault generates a QR-Code, but can't yet read QR-codes using a PC cam or portable PC's cam)
    - GUI complete revamp is still underway


    The Crypto Bullion Team
     
  12. pedrillo0

    pedrillo0 ECZ Member

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    Roadmap 2017 report!

    Tying up loose ends and resolving nagging problems, as we are getting closer to Alpha testing...

    The peer problem has been resolved; now the Vault 3.0 communicates perfectly with existing 2.4.3 Vaults - we have hit another stumbling block (!) with historic block 393, which is causing a problem to new Vault and we are addressing this before we can move on with the next step.


    The Crypto Bullion Team
     
  13. pedrillo0

    pedrillo0 ECZ Member

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    [size=14pt]Roadmap 2017 status report![/size]

    The opcode interpreter rewriting is now complete; now that we have changed many parameters, we need now to revisit how these subroutines are referenced and check each and every one of the opcode calls; this is one week of work, give or take. After this we will be attacking the GUI interface, to be followed by alpha-testing and subsequent required debugging.

    The CBX community members who would like to participate in the alpha-testing of the new Vault (under strict non-disclosure rules), please contact me. Naturally, alpha testing simulations will not have any impact on existing CBX balances.

    The Crypto Bullion Team
     
  14. pedrillo0

    pedrillo0 ECZ Member

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    Roadmap 2017 status report!

    As we know already, the opcode interpreter rewriting is complete; all internal calls to this new opcode interpreter have been rechecked and modified when necessary.

    We are moving forward, because now I am happy to report that we are at the stage where we are running the Vault 3.0 live and attempting to make it synchronise organically from scratch from the online 2.4.3 Vaults (syncing right from the start, CBX genesis block) - naturally the first attempt to sync did not work, so we made adjustments and, so far so good with second attempt, as this is ongoing as I write these lines. Remember that Vault 2.4.3 could never sync alone without bootstrap - so this will be an important improvement.

    What is left to do after this is to finalize the GUI interface; but alpha testing can begin even with an incomplete GUI. Thank you for all volunteers who offered to run the testnet of Vault 3.0 with us, we will contact you shortly, should be next week or the week after for the final live testnet. This test will be the perfect opportunity for constructive criticism, and the perfect time to customize the Vault to how we want it - so we are still open for more testers, if more want to join.

    Thank you all for your faith in our project, going through and rewriting thousands of lines of code is a tremendous task, as one can imagine.

    The Crypto Bullion Team