Re: CryptoBiz Magazine Cover! | Cryptogenic Bullion | CGB
At these prices I'm becoming a CGB baby whale. Hurray. I noticed that it takes 200 confirmations when depositing coins to Cryptsy. For me this makes me think twice before selling my coins, which is a good thing. LOL
I'm not sure I would change any fundamentals about this coin except I would try to be more clear to people about the staking. There was some confusion on my part on how often you had to stake to get the full 1.5% of the total 2% inflation from POS. Is it every 30 day or every 90 days?
So just to be clear for those who may be new to this coin or Cryptocurrencies in general. This coin is a Proof of Stake/Proof of Work hybrid with 2% capped inflation rate and less than 1 million coins currently. 1.5% inflation you can claim by staking (proof of stake) and .5% inflation goes to miners (proof of work). That means you can claim for free 75% of the total inflation of the coin by simply opening and unlocking your wallet every 90 days metronomically. What other financial security lets you do that? In addition you have the option to mine your share of the other .5% inflation. This system is preferable to pure proof of work coins such as Bitcoin and Worldcoin which have no proof of stake feature but have a cap on the total number of coins, but in the short term have massive inflation decreasing slowly over time. If I invest in Worldcoin there are 100,000 new coins hitting the market every couple of days and I have no right to claim any of that devaluation. That's the same as hyperinflation even if only temporary. That's why coins such as Worldcoin are great for spending but not great as an investment and CGB is great as an investment. CGB is also preferable to pure proof of stake coins as it still reaps the benefits of mining to secure the network yet the rewards are low enough from mining so as to not worry about miners manipulating the price by dumping on the market.
CGB is pure genius. It is by far my favorite crypto security so far. I wouldn't change anything really about the coin. This coin does not need gimmicks or a flashy wallet etc. Now it's just a matter of telling people about it. All it takes is one new mutual fund adding CGB to their portfolio to raise the market cap significantly. I really don't understand people selling right now unless it is to me. Thank you very much.
I'm not sure I would change any fundamentals about this coin except I would try to be more clear to people about the staking. There was some confusion on my part on how often you had to stake to get the full 1.5% of the total 2% inflation from POS. Is it every 30 day or every 90 days?
So just to be clear for those who may be new to this coin or Cryptocurrencies in general. This coin is a Proof of Stake/Proof of Work hybrid with 2% capped inflation rate and less than 1 million coins currently. 1.5% inflation you can claim by staking (proof of stake) and .5% inflation goes to miners (proof of work). That means you can claim for free 75% of the total inflation of the coin by simply opening and unlocking your wallet every 90 days metronomically. What other financial security lets you do that? In addition you have the option to mine your share of the other .5% inflation. This system is preferable to pure proof of work coins such as Bitcoin and Worldcoin which have no proof of stake feature but have a cap on the total number of coins, but in the short term have massive inflation decreasing slowly over time. If I invest in Worldcoin there are 100,000 new coins hitting the market every couple of days and I have no right to claim any of that devaluation. That's the same as hyperinflation even if only temporary. That's why coins such as Worldcoin are great for spending but not great as an investment and CGB is great as an investment. CGB is also preferable to pure proof of stake coins as it still reaps the benefits of mining to secure the network yet the rewards are low enough from mining so as to not worry about miners manipulating the price by dumping on the market.
CGB is pure genius. It is by far my favorite crypto security so far. I wouldn't change anything really about the coin. This coin does not need gimmicks or a flashy wallet etc. Now it's just a matter of telling people about it. All it takes is one new mutual fund adding CGB to their portfolio to raise the market cap significantly. I really don't understand people selling right now unless it is to me. Thank you very much.
coininvestor! That's some seriously quality observation! I agree about the staking explanation. It's a question that comes up all the time. I should log in and see if my order is filled. It's at such a great price and even still you can get a larger pile by picking strategic support positions and waiting. Then again you might miss the train!!!!
