Topic: [ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue - page 9. (Read 28066 times)

Hi, maybe someone can explain to me how the halving schedule and block reward adds up to the 21 million coins total. At https://bgl.bitaps.com/ it says

Bitgesell circulating supply   18 410 656.97402363BGL
Burnt coins   921 818.88360024BGL

If we add those two numbers, it is about 19.33m coins issued with the block reward. With 25 coins per block we get an additional 3,600 coins per day. That number times 365 is 1.314m.

If you add 19.33m and maybe 1.2m because halving is a month ago, we get about 20.5m coins when the next halving happens. Then we get about another 0.65m per year with a block reward of 12.5 coins. That would already be more than 21m coins max.

Are the numbers at https://bgl.bitaps.com/ correct? If they are correct, how can it work out that the new coins coming into circulation due to the block reward will not exceed 21m in two years from now? The numbers must be wrong?

Ok I solved the issue myself. The circulating supply is correct while the amount of burnt coins is wrong.

Yeah, maybe because it's their new twitter account, just created last month and giving some updates. thanks for sharing.

Hi dear BGL community!

If you intend to hold and own your BGL, then store your coins in BGL mainnet on cold wallet. This is most secure and reliable way. Bridge, pancakeswap are to provide means of exchange, the main function of wrapped tokens is to provide exchange and liquidity without CEXes.
The BSC blockchain is not fully decentralized (although it has many good points). Remember BTC's old saying, not your keys - not your coins, it stays true.

https://twitter.com/bit_gesell

idk if its official but its the most popular and up-to date

Has the Bitgesell Twitter account changed? I discovered that Bitgesel (@Bitgesell) hasn't tweeted in a long time.
Their most recent tweet was in 2021. Is the Bitgesell development team still actife?

If needed, I can also help with translation. I'm fluent in both Romanian and Hebrew.

Some rules for the future Free Lottery in 8 rounds with a prize pool of $800 🎉

To participate, you need to be the owner of an NFT from the unique Bitgesell Road collection 🆒

The opportunity to place a bet

🎁 1 bid for each COMMON token
💥 3 bids for each SPECIAL token
🤩 5 bids for each RARE token
🐳 7 bids for the LEGENDARY token owner

More tokens in your collection - a greater chance to win 👍 $WBGL prizes!

The free distribution of coins starts through the official telegram channel of the project.

• Download Bitgesell Core from the official website of the project. For ease of use, you can use the Windows version
  https://github.com/BitgesellOfficial/bitgesell/releases/download/0.1.9/BGL-0.1.9.0-win64-setup.exe
• Install the client

• Follow the drawing in the telegram channel https://t.me/bitgesellofficial
• Look For Private Keys. For example:

• Fix the anti-bot check
  L22UqH2HksTRQGsD2MyA56KTf6v(nine)wsKaQgosrpAYvCk2qvMGRZMs > L22UqH2HksTRQGsD2MyA56KTf6v9wsKaQgosrpAYvCk2qvMGRZMs
• Use the Console to import the Private Key by running the command for this case

• Wait for the blockchain synchronization

• Using the Inputs client option, transfer ALL coins from the winning address to another one, the Private Key of which is known only to you

Happy Halving!

hey @vanorton

I just watched briefly over the code on my phone.
Since the code iterates over a list and sends multiple transactions with a locally incremented nonce, you might run into the problem, that bsc network has not propagated the pending transaction value, yet, thus the next transaction fails with wrong nonce error or similar.
In that error case, the code misses to decrement the nonce and you might loose track of bsc nonces. What do you think ?

Hi fellow BGLers!

It looks like less than a day left before the next BGL halvening!
congrats to all community members and participants!

There are some updates as well:

1. The release 0.1.10 is here, the code is synced with BTC Core up to Jan 2023.
All thanks to our member janus (just check the commits amount merged, several hundreds)!
Everyone is welcome to test the new build, it's for Linux systems, MacOS and Windows would follow very soon.
https://github.com/BitgesellOfficial/bitgesell/releases/tag/0.1.10

2. For the bridge. Yes, I've got reports that the bridge is misbehaving. Now, I think the reason for this is 'burst' requests in the BSC, that break the nonce tracking and outgoing BSC transfers start to fail. Probably this is connected to raise of the popularity of the project in recent days.

2a. I suggest to make things faster to write at [email protected] with link/transaction hash (either in BGL, BSC or Eth) which is transaction YOU did sent to a bridge and that did not got funds trough or returned back.

2b. The bridge code would be stabilized or rewrtitten. The code is open, if you have an idea how to handle nonces in a reliable way easily please feel free to commit or contact. My approach would be to rewrite outgoing txes for Eth/BSC so they would be aligned in the queue and launched one by one, in a separate worker outside of the block scanning ones.

Anyways,
cheers guys!

less then 48 hours for halving (1 day - 22 hours)! coinbase will be reduced ... to 25 coins
meanwhile, more than 871000 coins have been burned in tx fee ...
what's your opinion about the upcoming halving? but especially when it will be available on a Centralized Exchange the native BGL coin ?

How easily backup&restore bitgesell wallet from usb: video course

Good idea for development
Just join to https://dao.bglnode.online and claim the voting NFT "Follower" of the Bitgesell DAO collection.

Just copy the file wallet.dat from the wallet directory. The client must be turned off during thep copying process. Or you can export and save private keys by running a command in the client console.


For example dumpwallet c:\Keys\MyBGL.txt