liquidity of BBP is 0$€
bye bye orphans next month and may be BBP too
more miners = more adoption = higher price = more monthly orphan sponsorships=
delusionAll,
We have 329 orphans sitting at risk currently with a questionable future. I not only want to avoid attrition, I want to see growth!
So heres an idea. I really think we need to consider removing all the roadblocks inside Biblepay (IE Opening the Floodgates) for cancer mining. We can consider doing this by: Removing the Boinc team requirement (being the first cryptocurrency to not require a team for boinc), and making it easier to heat-mine. (IE doing away with the last 4 block rule). (We can leave in the signed by CPID rule as a lateral move preserving heat-mining security).
I feel with this change, we can test the theory that more miners = more adoption = higher price = more monthly orphan sponsorships.
Also, as Noxpost suggested, I dont see why we cant write our own boincstats report (as we will still have records of our Biblepay participating CPIDs, RAC, TotalRAC etc). So we really only lose the "BiblePay BOINC Team" statistics in boincstats, but instead we have our own stats page. Maybe that internal stats website is something T-Mike would like to take on for us?
So, as you can see I'm pretty zealous for success here, and want us to make a comeback. Therefore I believe its in our best interests to vote on this change.
Proposed Changes:
- Remove Boinc Team Requirement for users participating in BiblePay PODC (this compensates users for Rosetta or World Community Grid on ANY team)
- Refactor Heat Mining Block acceptor to help minimize the possibility of forks
- Remove the N-4 block rejection rule requiring a distinct CPID for each block (but leave in requirement to have a signed CPID in the block solution)
- Work with a team member to help create our own stats report for a website and/or the pool
- ** Remove the UTXO stake requirement for magnitudes less than ONE. Require the existing Stake Requirement for magnitudes GREATER than ONE ** (This means that general home users with a few PCs can potentially get started for FREE with BiblePay. Power users/abusers who have many servers still need to stake a utxo to prevent biblepay from being overrun by massive single users).
Desired Outcome:
- A new boinc user who is crunching for XYZ discovers they can be compensated for Rosetta cancer mining through Biblepay.
The new user loads our wallet, syncs, and associates their XYZ cpid with our wallet. (TODO: Investigate a free burn transaction so they get started for FREE; not necessarily sure if FREE is completely possible due to the minimum transaction fee but if not they can start with 1 bbp.)
- The user is inducted into the next superblock within 24 hours.
- The user is able to heat mine with the signed cpid immediately, as long as the CPID has RAC > 100.
This removes most of the strange pool errors in pool.biblepay.org and purepool.
This allows users to migrate from any boinc team who know nothing about crypto and be compensated in our superblocks, and may allow the user to start for free.
One notion is that in general, I assume BOINC users to have enough disposable income to afford expensive computers for volunteer computing, therefore I come to the conclusion they may become biblepay investors through this process.
And, to counter the theory that we are "giving away free money", consider the fact that the ones who do not become investors will sell off the coins cheap on the market and make us more rare. So imo, this is an economic decision worth considering.
If the idea is a success, all credit to Jesus.