Crypto Biz Magazine—July, 2014/Issue.02

all major cryptocurrency exchanges. A mobile
app and an online wallet will utilize proprietary
infrastructure to execute requested transactions.
These financial institutions will provide security,
printing and delivery of private keys on request,
customer-verified segregated funds, and advanced
cryptocurrency functions like claiming interest.
These services will all integrate seamlessly with
customer expectations.
The freedom to interact with each other in
boundless, and yet fair, new ways is what will drive
the demand for these cryptographic blockchain
technologies. However, freedom always comes
with responsibility. Today’s financial system totally
depends on centralized trust to store and transact
our savings. The trade-off for this convenience of
security is that you don’t actually control your money
(and it doesn’t technically exist outside trust).
While government regulations will shape the
industry, the decentralized nature of crypto assures
us that it shares qualities with physical cash, and
can not be truly controlled. Cryptocurrencies may
actually ensure that a cash substitute is always
available, regardless of our move to a “cashless”
society. Each wallet is like a bank account,
but banking services will bring elements of
centralization and trust such as those that allowed
Mt. Gox to fail. There is a balance to be found, and
it will require active participation.
What Makes CGB Unique and Pioneering?
To get a better understanding, we will quickly go
over some variables that can make a coin unique.
One is what we call the inflationary profile; that’s
the rate of monetary base expansion over time.
Another is security method and reward. Proof of
Work (PoW) rewards miners with newly created
units, while Proof of Stake (PoS) provides existing
holders with interest, in an energy-efficient
manner. Cryptogenic Bullion is an example
of a hybrid, which rewards miners at 0.5%/yr,
and savers at 1.5%/yr. The perceived fairness of
distribution can also be an important factor.
Cryptogenic Bullion was among the first
PoS coins, owing its lineage to Novacoin, and
the original innovator, Peercoin. It’s the first
cryptocurrency to display all of the properties
of money, while providing the bearer with
interest for holding it. Like gold, it is portable,
divisible, fungible, scarce, low inflation, durable,
non-consumable, and a store of wealth. Not only
does Cryptogenic Bullion emulate the supply
of gold, a classic safe-haven asset, but it also
represents a part of the movement towards a
more fair and honest system of money.
While Bitcoin is being mined over the span of
decades, most altcoins chose a quicker expansion
phase. Cryptogenic Bullion was very bold at the
July.2014 Page.31 Crypto Biz Magazine