Topic: BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes) - page 376. (Read 243454 times)

I think one thing that would helps us secure widespread adoption is an easy way for the public to purchase coins from our orphan fund. Crypto is still difficult for the masses and learning how to mine BBP is a more involved process. But, people are often willing to support a good cause, especially if there's a possibility that whatever they contribute might have a greater yield in the future.

Is there any way for us on our website to set up a way to purchase BBP directly with fiat currency? I understand that this could be complicated... but I think it has enormous potential to catapult us to viral status. We'd have to make it very, very, very simple.

1. Go to BBP Website and click "Support orphan fund."
2. Input credit card information.
3. Install Mobile Wallet and punch in receiving address for your BBP or better yet, use a scanner to link the BBP address to your purchase.
4. Receive "Thank You for your support. $1,000 has been donated to the orphan fund and 1,000,000 BBP has been credited to your address. Your support makes a difference in the life of a child, NOW."
5. A meter on the website increases 50%, 70%, until 100% of the coins in the charity wallet are distributed.
6. Every week, the website features stories of how BBP is growing and made a direct impact in the lives of children featuring amazing stories, pictures with kids holding up BBP signs, and testimonies of field directors and others who are grateful. This could easily garner headlines from news sources, Reddit, "A crypto with a conscience, BBP" or the "BBP, first crypto to break into the masses with easy-to-purchase system and direct impact on orphans."
7. A top 10 list of biggest donators this week can appear on the website as well. Perhaps in the future, this would given incentive for companies and other organizations to donate so that their names would be shown to be contributing to an important cause. Maybe even a 140 word re-tweetable line they're allowed to write. e.g. "BBP aligns with our organizations values of supporting and giving back to the community."

  I know this wouldn't be classified as a true donation since they're actually making a purchase, but everyone will understand that primarily, it's about getting $$$ to a good cause.

The effect of this would be:

1. Removing the monthly coin dump on the exchange – Right now, the dump of coins causes a major fluctuation in the price. I also notice, that some people upon reading Rob's announcements, have been dumping their coins on the exchange to drive the market low, so that they can buy back the orphan wallet coins cheap. I've been monitoring the market, and this happened in June when someone put up a huge sell wall on South, then again at the end of July as prices depressed close to the superblock. Removing the monthly coin dump would help stabilize the price.

2. Attracting new investors – Investors are what we need to increase the price of the coin. BBP has very strong fundamentals (direct impact on children, curing cancer and diseases) that give this coin an edge over all the other worthless coins in cyberspace. Currently, initiatives like Dash Evolution are trying to tap the unreached masses. If we could find a way for people to easily purchase BBP with fiat, we could actually be one of the first to get into the untapped masses. BBP has a huge advantage over other coins in that, people are scared to put money into something they don't understand and could be valueless in the future. However, if they understand their "donation" goes DIRECTLY to changing lives now, and as a bonus they get some coins, many people would just treat it as that, "a donation." If the project tanked, they wouldn't think their money was wasted at all. I think you could get tons of people who know nothing about crypto, but have heard of bitcoin, saying "Hey, that's a great idea, I'm not into crypto, but I'd be happy to donate, and if I get a token in return, sweet." So, they'd simply want to "donate" and support a good cause and have the fun of saying that they now own some crypto. I figure there a number of regular folk who would happily donate as long as they could SEE that their money actually went directly to a good cause, AND it was EASY to do.

In short, given that we have strong fundamentals, I think what we need now is just exposure and good marketing that capitalizes on these strengths.

Thought this was funny
https://bitcoinist.com/cnbc-as-reverse-indicator-of-bitcoin-price-95-percent-accurate/
https://www.tradingview.com/chart/BTCUSD/bwSjuQIC-CNBC-Bitcoin-Indicator-Gives-An-Insane-95-Accuracy-For-Bitcoin/

=

DAHF (Decentralized Autonomous Hedge Fund)
https://forum.biblepay.org/index.php?topic=238.0

I'm also just some guy who wants to see this coin succeed slovakia. And I'm not a marketing-genius at all, that's why I'm constantly asking for ideas and feedback. But some interesting things that are in the pipeline include sharing our future vision more by writing articles that are targeted at (christian and crypto) media (and likely pay to get them published). I'm working with a small group at getting this off the ground. But that will probably take at least another month before we can produce anything meaningful. Those articles will probably highlight our DAHF-ideas, since they are very interesting for investors.

Another thing is that the 'Blockchain Superstars' tv-program that we are featured in will probably air in the next month or two. I still have reservations if they can deliver, but in the best-case scenario, that program will give us some decent exposure and - hopefully - media attention.

Besides that, we still have our 'hardcopy-guide' idea. I didn't get around to starting on that yet. But if anyone has any ideas or would like to help me with that, please let me know.

But this is just 'my side'. The 'we' you are talking about can also do their part. So my suggestion for you would be: go build us a shill-army and get out there and convince people why they should invest in BiblePay.

Maybe a convincing sales-talk for your shill-army could go something like this:
1. Buy a Sanctuary
2. Accumulate BBP
3. Invest BBP in DAHF when it's ready
4. ? ? ?
5. Profit

Rob your strategy+PR is poor and naive and pls, work only in IT and cede PR and strategic of coin to profi ppl .. told more users...in other side this coin will be on crypto dustsheap ... howgh

jaapgvk what is strategy when will be this time? we want to know ... all knows that this sponsoring dumpiin price of BBP ...

We'll just have to work on getting more exposure slovakia. More users. More volume on the exchanges.

I think that this is the time for anyone that is confident about the potential of BiblePay to step up. Market-conditions like these can be ruthless. So, before anything else, we should concentrate on growing and trying to keep our current sponsorships.

If we really can't generate enough liquidity to keep paying for our current 300+ sponsorships, and all our buffers run out, then yes, we'll have to look at steps we can take in that department to secure our survival. But I don't think that anyone here with a decent heart would want to take away sponsorship from those children unless there really is no other choice.

But we are still here, and we have a lot of interesting things in the pipeline. Let's work.

Please take your spirit of Ahab back to the cross, and let us pray that Slovakias demons are expunged in the name of Jesus! 

Squeal!

any ideas with dropped price BBP in next month?  who will be sponsor of orphans? .... this sponsoring is totally dumping price of BBP

Rob: you cant make new proposals with 8M and next 9M BBP....... we havent liquidity and your BBP can be dead in September,when you will sell bbp for free ... this pyramide will be done

Sounds good. At least lauchpad had compiled the package for bionic/18.04
Can somebody test them? (https://launchpad.net/~biblepay/+archive/ubuntu/stable)

Our Telegram airdrop-group just hit 400 members Now, that doesn't say much about about the amount of actual new users we will get from this in the end, but it does say something about the exposure we've gotten.

And a big thanks to everyone who has stepped up to help out with questions on Telegram and Discord!

EDIT: Just found out that https://www.airdropster.com/ and http://worthyairdrops.com/ have also listed our airdrop.

Nice work, though the current market condition is not very good this must be a reference so that the team work harder longer. this project has proven that they deserve. they are always active and provide the latest information on any developments. good luck.

Thats a cool gauge, its kind of like the VIX for the stock market, wild.

I don't know on the DAHF.  I've never personally tried to develop crypto trading strategies or had enough confidence (in crypto trading) to say one way or another.

Its certainly the wild west still, which means crypto is rife with opportunities, large spreads, lots of inefficiencies and those things are good for profits, if you can figure it out.
You have to overcome the commissions, the overhead of transmitting in and out, the fact there are no margin agreements, maybe some exchange risk (will an exchange go belly up while you have half in positions), no TIMS, no PM leverage, etc.  However Im sure there are some crypto-exchange arbs available (buy one exchange sell @ another while hitting the prices - inter-exchange arb), but do realize it has to be treated as cash (meaning the margin requirement is 200% to do that) etc, but we can talk more about it over there if anyone has any proven working strategies, wants to write a back test and feels confident of the idea.

Crypto Fear & Greed Index
https://alternative.me/crypto/fear-and-greed-index/

Random, Could DAHF potentially analyze and buy/sell cryptocurrencies?

Sorry, the last page was a joke, there was no physorg article.

May block 66666 be our all time low!  May we give birth to a new beginning in Jesus Name!

John Ramirez performs an exorcism in mid-church:

https://www.youtube.com/watch?v=cbL_kfCr_dA

This is not bad!

Strange to hear someone speak sentences I've written out-loud, haha!

The crypto-market has taken quite the beating in the past couple of months, and although I'm confident in the long-term transformative power of cryptocurrency, I also acknowledge that currently the market isn't looking too bright.

I think that the current market should be seen as a call-for-action for BiblePay to work even harder on reaching its targets, and proving its worthiness among (and above) other cryptocurrencies. I truly believe that we have stronger fundamentals than the vast majority of other coins btw. It's probable that a lot of projects won't survive their current devaluation, but that's okay. When others perish, in my view, that will create more room for BiblePay to grow.

Our current marketcap is hovering around 800k. One could say that there isn't much downside-potential and a LOT of upside potential. We've got some pretty sweet PR-possibilities coming up ('DAHF proof-of-concept' and the 'Blockchain Superstars tv-show' among other things). The airdrop is going nicely also. I think that reaching new users with proper marketing should be one of our main goals now.

Of course, there isn't much budget for marketing currently, especially if we need to allocate most of our budget to paying our sponsorships, so we'll probably have to do things a bit guerrilla-style concerning PR. Luckily, people have stepped up to help with PR.

Concerning the liquidation for Compassion: I truly hope that the monthly liquidation won't drive our price down even more. But on the other hand, this is a great time for people that believe in the project to scoop up some cheap coins. If you ever wanted to start a masternode, the next couple of months are probably a good time to collect coins.

I will forgo asking payment for hours spent on BiblePay for the time being. I don't mind. I just hope that we can keep our sponsorships. I think that sponsorships and PR should be the main focus for our budget until further notice.

MacOS version also ready (compatible with 10.12 and 10.13)

Ubuntu 18.04 users: This version should finally compile as it is compatible with both libssl 1.0. and 1.1.

BiblePay - 1.1.4.6f
Leisure Upgrade

- Merge in Mac compiling change to crypter.cpp
- Prevent crash in getchaintips
- Modify Sanctuary business logic to help ensure the chain stays synced
- Add HealthCheckup feature to help recover during a fork
- Add deterministic ddos of invalid blocks to help prevent ddossing good nodes (help prevent forks)


I highly recommend sancs upgrade to this version within 7 days to prevent future forks.  Also any normal user who goes out of sync, please upgrade to the latest version.

** COMPASSION MONTHLY PAYMENTS MADE, and general update **

So with the 90% drop in masternode coin values in general, we have experienced a brutal month, with biblepay dropping in value approx. 50% and therefore all of our charity expenses facing extreme strain to maintain the same level of quality before the event.

The biggest challenge this month was our recurring payment to compassion.com.  We sponsor 309 monthly recurring orphans and usually pay a minimum of $11,742 plus any additional excess goes toward our 'prepaid sponsorship' program which aims for a 6 month buffer to prevent devastation of attrition (which we have only achieved half of).

Unfortunately this month we were only able to raise $7716 for Compassion, meaning we were unable to pay the premiums for 103 of our 309 children (IE we fell short by 33%), requiring us to seek funds from our prepaid sponsorship buffer to make up for the shortfall. 

The great news is we are still fully funded this month, but the bad news is we had to take a large step back by recording a prepaid sponsorship deficit of -103 children this month (See accountability | Expenses).

I think our most important mission at BiblePay is to fund our orphans before any other expenses.  In light of this, short of a miracle, during next month's governance process, I recommend that we allocate a higher portion of our expenses to Compassion, possibly as high as 90% of our entire budget, and let's cut back on every other expense including payroll unless it is absolutely mission critical.  I've skipped my payroll this month and my expense report for Exchange in order to push it into the future. 

I believe we should attempt to operate on a 70-80% reduction to our normal expense budget after leaving 90% available for compassion, unless our price recovers by more than 40% within the next 30 days.