Topic: BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes) - page 358. (Read 243454 times)

Sorry, I don't follow.  Is there somewhere I can read up on what that means?  I read through about 10 pages of this thread and still can't figure it out. 

Chill out, dude. 

This is crypto not a security.  You need to keep that mind.  Not everyone wants their business out there, and by Rob not disclosing what he owns is not a lie. 

There might not be things you like about BBP, but this is no way to resolve your issues. 

On a side note, if you want to sell your BBP then post it up.  I am sure there are people that would buy it off of you, and you can move on. 

https://forum.biblepay.org/index.php?topic=254.new#new

So far, the 'No BiblePay Team requirement' is passing in our sanctuary vote and our poll is pointing toward paying non-biblepay teams 50%.

Our testnet thread successfully tested the no team requirement and the payment percentage.

At this point we are beginning to schedule an end of month mandatory upgrade (right after we test IPFS-PODS).

You can either Adopt a child and write to them regularly, or write to them the old way.

If you all don't appreciate the way its being done, start your own coin.

And to those who dont like the strategy here, youll be singing the blues when we are at 100 satoshi and our new investors will be quite happy.

However, Im doing this for God, not for Mammon, thats why there is such a conflict here. 

All you money chasers, go find another coin, anyone we have left here, please stay.

Has anyone gotten saved through BiblePay?

I'm sure this didn't happen via dumb luck or magic - thanks to all who worked to get us the visibility with the right people, and help to spread the word.

Has there been a change in the way that letter writing is being handled?  It appears that you now have to "adopt" a child and are responsible for writing them monthly instead of just writing a random letter.  Is this understanding correct? 

Thanks

BiblePay featured as "Coin of the Day" on  CoinFeature!
https://coinfeature.net/featured/ 

As long as Compassion is paid each month, I do not care how the budget coins are used.
Compassion can be called each month to confirm payment.

People have been complaining and criticizing about how to sell budget funds since the beginning,
I think whoever receives the funds should be able to, sell however much they want,
whenever they want, unless specifically specified in the proposal.

Also, in the future we will have many more charities.

I would also be in favor of taking as much work and stress as possible off of Rob,
Im pretty sure hes handled Compassion for free this whole time too!
It sounds like he slowly sold his own personal coins to help maximize the amount of money
he could get for the orphans, and now he is being witch hunted for it lol

Thank you for all of your hard work Rob

The Slovakians seem to like to spread FUD (Fear, Uncertainty and Doubt),
they say we need good PR and then keep spreading bad PR LOL

We are all in this together, all we have is a 10% budget every month to pay for work,
if anyone wants to do work for BiblePay or push for how to use funds, you can create a proposal:
http://forum.biblepay.org/index.php?board=5.0
There is a "Proposal Add" tab in the BiblePay Wallet, it only costs 2500 BBP to create a proposal.

And if you have a masternode (sanctuary) you have the power to vote yes or no on all proposals,
all proposals are listed in the "Proposals" tab of the BiblePay Wallet
https://www.biblepay-central.org/en/proposals/

Buying enough coins (1,550,001 BBP) for a BiblePay masternode is pretty cheap right now!
https://masternodes.pro/stats/bbp/statistics
https://masternodes.online/currencies/BBP/
http://wiki.biblepay.org/Create_Sanctuary_2

As I explained before: the expense PDFs from last months (May through August) for Compassion only contain endless lists of "total amount due" and "to be billed today", which certainly doesn't look like a receipt but rather like an invoice (in contrast to those up to April). I'm not saying that these payments weren't made, it's just that this doesn't really qualify for an "accountability record" and most certainly doesn't help building any trust from investors.
As for the revenue, I never said anything about these records and to be honest I never really looked at them because this should be quite easy to supervise through block explorers and coin price history...


On another note: Our coin is now at an all-time-low and I'm pretty sure this is NOT just because no-one knows BBP or wants to invest in it. (Right now no one wants to buy ANY coin really.) The problem rather seems to be that while many (or most of the) other coins are currently just being "hodled", our coin is by design destined to constantly being dumped because of the recurring expenses in FIAT money.
Let me ask a simple question: if Compassion has some kind of insurance for sponsored children, why are you so desperate to pay bills right now? (Even thinking of dumping a lot of those children at the expense of others?)
Wouldn't it make much more sense to vote YES for the WHOLE Compassion fund, but then NOT exchanging the coins but rather collecting them in an "Orphan Fund", maybe even starting some sancs with it, and selling them in the next bull market? This way no sponsorship would have to be determined, the childen's coins would actually grow over time, and the coin price would have a chance to "breath again".

Slovakia,
You are invested in this coin, so stop harm it with your bad attitude.
People involved need good atmosphere in this thread to come out with good ideas on how to promote BBP.

Please try to think twice on what you want to say and say it in a nice way.

You don't gain anything in your disrespectful way, only hate from others.

This include cases where "all" and "many" agree with you (as always)

Nah, the way we have it now is better.  Its sort of depressing that I have to get on here to explain it.

We already know that an expense was paid from a superblock out to one of our team members (its obvious, we had a superblock coinbase transaction emitted).
What you need is to verify that compassion RECEIVED THE FUNDS.  Thats what the PDF is for.  You dont need to go and check "a transaction was sent" anywhere (what would that prove, a fake rabbit trail exists?).
So thats the expense record.  Then you need a revenue record, showing the amount raised in the liquidation (thats our income record that we already have).  If someone doesn't trust the amount I received for the liquidation then I guess thats when people should vote for someone else to handle that function (but no one ever questioned the Amount that I liquidated 8.6 million bbp for, any month yet).

No, we don't just say that Jaap will always handle every superblock liquidation in the future (IE biblepay foundation).  We want to be decentralized.  So, again, the way we are developing is as many distinct hands as possible that can legally handle each vendor is better (IE with crosstraining and expansion).  

The biblepay foundation is being birthed out of the necessity to have a tax-id number for some fiat liquidations.  Where its required we have to use it, but I think if we forced everything through Jaap that would be centralization, and would be less trustworthy than having an increasing number of liquidators.

Regarding 'adding more processes' ie 5% per day, There is a limited amount of institutional investing into HODLs and even less into biblepay until we grow our base.

There is a saying, trust...but verify.  One of the four blocks for coin success (in my book) is trust, and the Compassion bills go a long way to proving our funds go where they should, more could be done.

I trust the dev, I also feel that a block chain report showing when coins were sold and for how much would be a good addition to the charity proposals.  If coins were pre-sold and then the actual coins from the budget replaced them, it should be fairly easy to show in the block chain which again, would intensify the trust in the project.

I'd also propose funds be sold daily for 20 days after the superblock, 5% per day at market rates.  And I'd like to see the Foundation handling this process rather than it falling on one individuals shoulders (since the accounting could become a significant task).  And again, a block-chain report showing BBP-BTC transaction, BTC-USD transactions and the corresponding values.

Amen, sounds like a solid forecast.

We aren't going anywhere and will be here for the future, God willing.

As far as pictures of my church, I did tell the lead pastor about BiblePay before I moved in July, and they sort of fluffed it off.

hehe of course i'm excluded i dont have free electricity, and this is only investment that i need to pay somehow. computers which i buy, i can sell maybe for higher price so this is not a problem. but as there is byteball, i can cover electricity bills, so it is not so catastrophic. coins... we will see, i'm now littre affraid but it allways be as on rollercoaster so if there will be support for coin i believe in brighter tomorrows )). my calculations are, that it could cover monthly costs with price about 6 sat... but i believe that in real price somewhere around 25, but we ned 3-4x more investors/miners to be stable to withstand monthly superblocks

Explanations, right.  What should we look into Dave?  So when you clicked on the PDF, are you saying that its actually not really paid?

Are you saying that accountability.biblepay.org contains fake records?  I explained hundreds of pages back that people like Mike have called to see if the payments were made and they were made.

So lets see, that leaves the income side.  Are you saying the revenue record is fake?  Doesnt it match the average current price? 

I'm God Fearing, and there won't be one dollar shorting God's children if I handle a transfer/liquidation and my record shows it.  Jaap handles Cameroon, I handle compassion, Andrew handles Kairos, April handles BLOOM, in a decentralized way we have split up the burden across many people.

I'm deliberately going to handle this inquiry another way.  Stick to the revenue and expense records on accountability.biblepay.org and post any legitimate question here.  Your pasting of illegitimate sanctuaries and transfers is redicules, and quite insulting. 

I agree Jaap, Im going to vote against it too, especially in light of what Ginger told us about the Compassion insurance that we qualify for.

I just want to leave it in a little longer because our fast it still on - and God hasn't moved (in this way) on this yet.

We all agree it should be 10%.  The compassion proposal was entered just this one time - because I didn't want to abruptly end half of our orphans in one month.

We are going to terminate a lot of sponsorships (if we don't have a miracle soon), and our charity will revert back to 10% per month as it should be.  Most likely I'll be re-entering this months compassion proposal lower, primarily because Compassion has continuity insurance for children who are dropped from the program.

My question was in response to Jaap's statement "There is no money involved in this project that I care about losing." Since he is in a leadership position as treasurer of BiblePay I simply asked him to be transparent about his financial investment in BBP, not other contributions he might have made.

In the US the SEC requires all officers of public companies to reveal most of their transactions in the company stock. There is no current US law requiring officers of crypto projects to do the same thing, but you would expect that officers of a crypto that advertises itself as a "Charity Focused Christian Currency" would be happy to share that information.

Here's a definition of "skin in the game" from Investopedia.com:

What is 'Skin In The Game'

Skin in the game is a phrase made popular by renowned investor Warren Buffett referring to a situation in which high-ranking insiders use their own money to buy stock in the company they are running.

https://www.investopedia.com/terms/s/skininthegame.asp



 

Ignoring the question instead of answering it simply confirms what apparently is true ... you have no significant financial investment at risk in BBP.

If this conclusion is wrong, please be professional enough to let everyone know. Confidence in leadership is essential to BBP success.