Topic: BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes) - page 596. (Read 243376 times)

Wait so if the current pool settings go through

-Stake per RAC
-20 000 BBP per RAC

I have about a 1 000 RAC which is not really much..

It means I need 1 000 * 20000 = 20 000 000 BBP to even mine with my one pc??

I am sure this is not correct. What am I missing?

You are thinking as there is only one economy in the world, the USA. That's not a valid assumption any more. Also real economies stopped being supported by mom and pop businesses about 10-15 years ago, at least in the industrialized world I live in. Now we are in the league of multinationals, and every day that passes by means another bunch of small businesses closed for retirement or out of businesses reasons.

What's BTC gonna do on a recession: no one knows, as there is not a valid track record yet. Bulls will say it's going to behave as a store of value (gold 2.0), others as a depressed asset...  Who knows, nobody does.

Oh wow, this is unbelievably nice!  This is far more than a guide, this is an entire domain.
We should eventually work together to integrate data. 
You could add a page containing the proposals list with links to all the proposals being voted on, and possibly back-fill anything we missed - features that dash central has.

Hi everybody,

as most of you already learned, the new Setup for Biblepay mining is not simple. It might be one of the most complex of all crypto coins out there.

But a good documentation can always make it easier. To help here, I used the last days to work an a easier and more straight forward Mining How-To for Biblepay.

And here is the first Alpha: The Biblepay Central Mining How-To
https://www.biblepay-central.org/en/mining-how-to/

It is not finished, but maybe already useful for some users. As I'm not a native speaker in English, it will contain some errors. Help is always welcome


The rest of the website is under construction, I will post more about that later

when we plan to unblock exchanges?

I think Bitcoin might actually go up in a recession.

Can someone tell me what in the world is going on with this coin?  I stepped away for a week, and I have no clue what in the world happened.  I saw there was a wallet update, so I updated, and now it can't find a block source. 

Hi everybody,

as most of you already learned, the new Setup for Biblepay mining is not simple. It might be one of the most complex of all crypto coins out there.

But a good documentation can always make it easier. To help here, I used the last days to work an a easier and more straight forward Mining How-To for Biblepay.

And here is the first Alpha: The Biblepay Central Mining How-To
https://www.biblepay-central.org/en/mining-how-to/

It is not finished, but maybe already useful for some users. As I'm not a native speaker in English, it will contain some errors. Help is always welcome


The rest of the website is under construction, I will post more about that later

Do not be happy that bitcoin is banned by some countries because of this many are afraid to invest in it.

when we plan to unblock exchanges?

You are thinking as there is only one economy in the world, the USA. That's not a valid assumption any more. Also real economies stopped being supported by mom and pop businesses about 10-15 years ago, at least in the industrialized world I live in. Now we are in the league of multinationals, and every day that passes by means another bunch of small businesses closed for retirement or out of businesses reasons.

What's BTC gonna do on a recession: no one knows, as there is not a valid track record yet. Bulls will say it's going to behave as a store of value (gold 2.0), others as a depressed asset...  Who knows, nobody does.

The real economy is mostly made up of small business, mom and pop type places, the same kind of people that hold and invest in bitcoin.  It isn't widely held by institutions.  Bitcoin futures probably helped with that, so now if institutions want to place a position they go to the futures and not bitcoin itself.  

My experience with the capital needs of a small business during a recession back in 2008ish, I was buying Pilgrim's Pride in bankruptcy and waiting for it to turn around.  But lo and behold, before I could wait for Pilgrims to completely turn around I had to sell my position to pay for working capital in the small business.  I think that and fear will lead people to sell.  If it's down in good economic times, what is your thesis for how it does well during a recession?  The only difference would be if the dollar tanked by a large amount.  Say the /DX went from 90 to sub 70 and there was a panic on the dollar.  

11:52:49

{
  "Command": "getboincinfo",
  "CPID": "c117f5ddc829b502ea8cd00647585856",
  "Address": "BQ1hGzcegB9e1LvCNX6oVpUjPVPy6BcPN8",
  "CPIDS": "c117f5ddc829b502ea8cd00647585856;",
  "CPID-Age (hours)": 422476,
  "NextSuperblockHeight": 34440,
  "NextSuperblockBudget": 2660579,
  "c117f5ddc829b502ea8cd00647585856_ADDRESS": "BQ1hGzcegB9e1LvCNX6oVpUjPVPy6BcPN8",
  "c117f5ddc829b502ea8cd00647585856_RAC": 8443.84,
  "c117f5ddc829b502ea8cd00647585856_TEAM": 15044,
  "c117f5ddc829b502ea8cd00647585856_TaskWeight": 100,
  "c117f5ddc829b502ea8cd00647585856_UTXOWeight": 50001,
  "Total_RAC": 8443.84,
  "Total Payments (One Day)": 0,
  "Total Payments (One Week)": 0,
  "Total Budget (One Day)": 2660579,
  "Total Budget (One Week)": 10642316,
  "Superblock Count (One Week)": 4,
  "Superblock Hit Count (One Week)": 4,
  "Superblock List": "34235,34030,33825,33620",
  "Last Superblock Height": 34235,
  "Last Superblock Budget": 2660579,
  "Last Superblock Payment": 0,
  "Magnitude (One-Day)": 0,
  "Magnitude (One-Week)": 0
}

Why am I such a big fan of Stake per RAC?  Because of our emission schedule:

http://wiki.biblepay.org/Emission_Schedule

Month-Year   Block Emission   Monthly Emission   Total Emission
12/25/2017   12,313           74,613,750            274,613,750
12/20/2018   10,270           62,237,714            1,087,306,771
12/15/2019   8,567           51,914,467            1,765,200,000
12/9/2020      7,146           43,303,517            2,330,652,413
12/4/2021      5,961           36,120,847            2,802,314,348  <-Half of BBP emitted by mid 2021!!!
...............
12/23/2046   59                    359,591                    5,150,636,889

Basically, half of our total emissions are in the first 4 years.  The next half of emissions takes 25 years!  
That is telling you that it is time to accumulate and be patient.  But to help traders and investors out through this high emission rate, staking per RAC would REALLY help.  As price appreciates and emission tapers we can scale back the amount needed per RAC.  

Vote here:

http://forum.biblepay.org/index.php?topic=127.0

EDIT: Legacy ie., 50,001 per user to get 100 UTXO would be better than staking per MAG because that would also grow the aggregate stake amount with the user base.

Do you wonder why there are no traders posting on Reddit, like "when moon?"  It's because traders and investors look at the emissions and feel like they are getting dumped on by miners.  It's why I worry that BTC will shoot up while we are still in our high emission phase.  And if you are looking for something to trade, what do you look for?  You can look for something that is getting positive money flow on a down day.  That is how I found BBP.  Or you can do what lots of other traders do, and look for something that gains in RELATIVE STRENGTH.  Relative Strength is how a particular coin performs relative to its peers.  As for biblepay, since I have been in it, our relative strength has done worse.  We were ranked in the top 500s of market cap, now we are in the 700s.  The fact that we are not outperforming other coins is a message that something needs to be done.  Jumping other coins in rank will draw in traders.  Traders like stuff that goes up especially since it's not easy to short cryptos.  

However, I believe BTC drops by 90% during the next US/global recession.  I think the US going into recession, when it happens, will take Asia along with it and likely Europe too.  Most of the holders of bitcoin are small investors and they will be looking to sell.  If bitcoin drops by 50-70% during a good economic time, how is it not going to drop by 90% during a recession?  It's another reason why I like growing the stake amount.  To get some good price appreciation before the next recession.