Topic: BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes) - page 345. (Read 243454 times)

lol Togo, you're hilarious! Remember, this is hypothetical scenario.

The point is that under the current MN system, an evil super whale could do whatever he wanted to do. That includes proposing/passing any deal he makes on the side regardless of who it's with, who owns it, etc. Of course I would suspect that many current BBP investors would consider selling to get away from this guy, which could temporarily lower the price depending on how quickly he spread the word about the "new" bbp. Maybe Theymos would sell him a banner to help with advertising. 

This is good versus evil. The dark novelty of the demented situation would appeal to anti-Christian interests the same way the satirical Jesus Coin does. The evil whale would only be in it for the short haul, so he pumps and dumps his way to financial gain. In this scenario he doesn't have to sell his coins, he chooses to sell them to the influx of anti-Christian buyers.

Togo wrote: "If he doesnt own the porn site and its PR for BiblePay and the PR works, the value of BiblePay increases and we all sell at a profit and we can start a new cryptocurrency now with each of us having even more money"

lol

As Ben Franklin wrote, "An ounce of prevention is worth a pound of cure." None of this evil porn scenario will ever take place. Our community is under the guidance of the Lord, so we will unite in wisdom and implement reasonable mechanisms to prevent it.

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Quote
Quote from: bible_pay on Today at 09:08:45 PM
Quote from: tmike on Today at 07:56:17 PM


it`s not good!!

No, the poll was worded in a way that we needed Rob to be a programmer only -  and an actual spokeperson to represent the community.

Not that we needed Rob to be one spokeperson of the coin, and a PR spokeperson to represent the community for PR.

So please go back to your hate group and post your opinion with T-Mike and the rest, or start a poll on a non-biblepay forum.


I think that some people here are ashamed that I posted about JESUS!  Maybe thats it.  Well Im not ashamed of JESUS.

LOL, thanks, but you are, its not Christian behavior, trying to fracture the community and attack the lead dev.  Brilliant t-mike.  Just keep posting your hate in your hate group thread, please.

I'm pretty democratic.  Everyone knows the deleted messages were deleted because they are trash, and don't represent the community well.

And I'm not here to be your personal programmer, sorry, I report to God.

And I think you should take your Hate group, along with yourself to a new community.

Since you apparently don't like BiblePay - and are not forgiving, and are accusing, it's not Christian behavior.

I'll take care of being spokeperson for now.

And we don't need a project management system with huge amounts of overhead - I'll take care of project management.

How much would it cost for someone to perform a 51% attack on BiblePay?
https://www.crypto51.app/
https://www.investopedia.com/terms/1/51-attack.asp

Unless Compassion.com accepts crypto on their web site after selecting children, I don't really see how you can scale sponsorship to a specific child. Perhaps just giving to a general fund is the best you can do.

Some ideas:

1) Get listed on Cryptopia. BBP/BTC is an obvious pair, but also BBP/TrueUSD as well: https://www.cryptopia.co.nz/Exchange?market=TUSD_BTC
Sell BBP for TrueUSD, Send TrueUSD to Compassion exchange account. They may need to send to Coinbase or Bittrex to withdraw to USD. I would think you could see BBP & TrueUSD txid, although exchanges are tricky that way sometimes... Also, receive quarterly donation statement and receive end of year tax report for how much was donated. The figure hopefully matches up and they provide breakouts in some way so you can match up donations. The proposal would be for the BBP you sold to TrueUSD. If the sponsorship is $38, sell $39 just to cover all the tx fees?

2) Ask Compassion to build a page for Coinbase Merchant where they can accept crypto directly. They can accept BTC and cash out whenever they want to fiat. They are responsible for accounting funds received as USD. Again exchange txes are tricky, but I'd think you could see how much BTC donated. I don't know if Coinbase has exchange rate API, but you could probably figure out how much BBP is correct for the time the donation was made?

3) Get listed on Faast: https://www.faa.st/swap/2?from=BTC&to=TUSD - Swap from BBP to TrueUSD. Send TrueUSD to Bittrex, and Compassion can withdraw.

Pipe Dream:

* Bittrex has an auto-sell feature. Send BBP (or any other Crypto) to Compassion Bittrex account. Auto-sells altcoins to BTC. Sell BTC to USD and withdraw.

* Atomic swap on BBP wallet to TrueUSD. Be able to track the transaction of BBP & TrueUSD. Post as a proposal for BBP sold. Transaction can be independently verified.

* If you have non-profit foundation, you could withdraw crypto to checking account. Bill pay to Compassion or any other charity. Use a bank API to show all transactions. Bank Of America has a read-only option, so anyone can see checking account activity. AidCoin may be helpful with Bank API and transparency design.


Advertising has its place and does provide reach where other efforts can not. Togo & I are working on some advertising schemes on other networks that will be very low cost.

Still, I do see the value in appropriate marketing and public relations. Marketing & Public Relations continue to pay off indefinitely, while advertising has limited shelf life.

I cant tell if Im misreading or not, does the Athiest millionaire own the porn site? or will just pass a proposal to work on a porn site?

If he owns the porn site, and its PR for the porn site, BiblePay investors would probably sell to get away from this guy, how much is the pornsite PR (additional porn revenue) worth in loss of BBP coins? He will have to sell his BBP coins at a loss becauses investors left

Even If he does or doesnt own the porn site and its PR for BiblePay and the PR works, the value of BiblePay increases and we all sell at a profit and we can start a new cryptocurrency now with each of us having even more money

Overall, for someone to gain enough masternodes to have ultimate power, they would make us all profit when they buy them up, whether his ultimate plan works or not we make profit along the way, I dont think he could slowly amass enough, he has to buy a lot, it would really change the market dynamic, giant buy pressure

This is all quite interesting to think about haha

We can't convince someone who refuses to be convinced regardless of the facts. We don't really need a banner ad when there are so many other good alternatives.

Once we've reached the objectives that Rob posted about today, we can probably get the interest of Trinity Broadcasting Network and/or the 700 Club. For now let's work on these objectives so the Christian TV networks will be more likely to cover us in a positive light.

Yes, skin in the game is good. Incentives are good. So is transparency. Securities regulators like the SEC and other government agencies will soon dramatically impact the crypto world, so we might as well be the first to implement best practices.

Respectfully Togo, I don't agree that the whale-voting-rights issue will necessarily be solved by free-market forces. At current prices, any atheist bitcoin millionaire could likely make a profit and turn BBP into a joke by first becoming an MN whale, and then proposing/passing the launch of an online porn site where 10% of the profits from it are sent to help orphans. This would attract other investors who believe the idea is a valid money-maker from a free market perspective.

So instead of losing money, the evil whale makes money off of the massive publicity generated by the shocking news of a Christian crypto-coin helping orphans by running a porn site. Imagine the amount of free PR.

The whale doesn't have to worry about bad publicity personally as a result of his actions. He would be protected by the anonymity and lack of transparency that the current crypto environment gives him. In fact he could plant a few rumors suggesting that he wasn't involved at all, it was those hypocritical Christians doing what they always do. So instead of the investment being "expensive" for the evil whale, BBP becomes another lucrative income stream for him and his followers.

There was a time when we were naive brothers, but now we have grown to accept the words of Christ ...

"For the sons of this world are more shrewd in dealing with their own generation than the sons of light."

"Look, I am sending you out like sheep among wolves. Therefore be as shrewd as snakes and as innocent as doves."

"mint" who remembers mintpal. There, my 800dash went ... )

We were rejected again by Theymos, Head Bitcointalk Forum admin, for a banner ad spot.

"Sorry, I'm still not convinced."
https://bitcointalksearch.org/topic/m.46098258

Investigation and Proof of BiblePay's Charity Donations:
https://bitcointalksearch.org/topic/--5030640

What more can we do?
Other than recording myself calling Compassion, what else can I do?
Do we need to hire a private investigator, an auditor?
If we cant convince a smart guy like Theymos how can we convince others?
Is something else going on here? Are we being discriminated against for being a religious coin?
What else can we do?

thanks for explorer,more ppl asked me about stake supply on CMC

togoshige CMC using for supply only 1 your explorer?

The main Explorer is live again:
http://explorer.biblepay.org/

It took a full week to index the mongo database,
I increased the number of last transactions per address from 100 to 10000
the site is noticeably a bit slower, I can revert or use a lower number if it becomes a problem

Iquidus Block Explorer Guide
https://www.reddit.com/r/BiblePay/comments/7elm7r/iquidus_block_explorer_guide/

And if anyone wants to research other explorers out there that may be better or have additional features, please do!
Ive seen Masternodes tab, Hashrate Chart, etc

Other BiblePay Explorers:
https://explorer.biblepay-central.org/ (online)
https://explorebiblepay.com/ (offline, needs maintenance)

A billionaire could decide to drop a million dollars on buying BBP, and lets say he buys 300 masternodes and has ultimate control, the thing is, he is still bound by the free market, if this multi-millionaire upsets investors with his decisions and the BiblePay market goes down, his million dollars just lost value, the multi-millionaire is aligned by incentives/disincentives (money) to keep and grow the value of the project, now someone could come here to waste money to sabotage us but its going to be SUPER expensive to do so

Understanding the BiblePay Masternode Governance and Budget System
http://wiki.biblepay.org/UnderstandingGovernance

"Masternode operators are not the only ones interested in the success of BiblePay,
but they are the most stable ones because, unlike miners, they can’t reuse their asset for any other purpose or coin."

"One advantage of this model is it can survive early adopters. If early masternode operators sell their coins, the new owner can set up a masternode and with it acquire the right to vote on the budgets and projects. This guarantees there is a working system of maintenance as people come and go, making the network capable of sustaining itself on its own without depending on specific actors."

Id rather be led by people with money on the line, people who have a lot to lose and a lot to gain, good incentives and disincentives, then to be led by people who have little or no skin in the game and little incentives/disincentives

Hello,

I have the following problem. I transferred 3300 bbp from one wallet to another but ./biblepay-cli getwalletinfo never shown my balance. It shows 80 bbp which was the balance before transfer. if you see here

https://explorer.biblepay-central.org/address/B6qdMpj9CsCd9n4PXMmEZJS3DratUsS8pH

you can see the correct balance 3371.47375961 bbp.

Any ideas?

./biblepay-cli getaddressesbyaccount "" shows this address (B6qdMpj9CsCd9n4PXMmEZJS3DratUsS8pH) between my addresses.

Thanks

So lets talk about brainstorming how to pay Compassion slices of USD from BBP/BTC legally without tax risk for the volunteer.

T-Mike brought up the idea of everyone in BBP sponsor their own children, and write to them personally, and turn the receipt in to the governance system for payment.  This is great in the sense that it gives personal communication to the child, and it adds a lot of overhead - in the form of a massive quantity of extra gov votes required monthly for the sanc voting (which is fine).  The biggest issue is trusting the receipt of each persons submitted payment.  We would need to trust the individual receipt posted on the forum thread (which might be fine).  So this is one option.  (Maybe people do spot checks at compassion to see if children are really sponsored by Customer #X with Name #ABC.)   I sent a request to compassion asking them to open an API to us so we can do check by customer account.  

Another idea is to find a way to have many volunteers send checks to compassion monthly and receive reimbursement in BBP after the account is credited that specific amount.  I suppose each $100 check would need a proposal submitted monthly.  We would vote on the checks as we review the compassion statement (for specific credits).  Maybe checks could end in random numbers to make it easy to connect the check with the receipt.

Any other ideas are welcome.  

A good coin for raising money for charity, I am also a member of the religious community so I am quite interested in this coin. I will buy this currency as a contribution.

I disagree on your comment about a "whale".  The free market has never been controlled by one individual, and I assert that after 5 years of existence, BiblePay will still be controlled by a disparate group of individuals with fair voting rights.  In addition, if a whale is rich enough to buy biblepay, then its their baby and they can run it into the ground or into the air if they wish.  If you think the Masternode model sucks, then you should be promoting other types of coins.  I primarily started this as a masternode coin because I agree with the governance model.  End of story - its a good model for a sanctuary economy with governance.

Yes, I agree a large part of the problem is trust - although I dont agree its trust with biblepay.  I agree there is a group here who thinks they shouldnt trust biblepay because they are mistaken.  And a lot of people here give way too much weight and credibility to them.   I think 50% of what we need to do is revamp our model to educate those who dont trust us.  The other half should be addressed at the problems with cryptocurrency trust in general.

Before we do that, we need to talk about a better plan for BTC->fiat liquidation for compassion - Ill get to that in a minute.

I wanted to make one comment about a personality flaw that I see repeated here - based out of our last version of compassion liquidations.  If someone like t-Mike checked on the compassion total Paid up to a point in time - it proves we were 100% with integrity up to that date.  I agree having a web site from compassion open to the public would be nice- we asked for it.  Ive been emailing Ginger asking IT to respond to my questions about the compassion API (no response yet).

Hi can anyone help? Ever since the WCG problem a few days ago, all my WCG RAC disappeared and still reads 0.