Im a big fan of profits, its a great incentive to do something,
Im not sure why people seem to be slightly against profits and also slightly against big miners,
(though I understand being against hacked computers)
but in general its like the Discovery channel watching the gold miners,
some miners have a small raft mining in a small river, some have giant machines with 10-20 man crews mining on large stakes of land,
some are in the arctic cutting holes in the ice, some poor miners in 3rd world countries are digging tunnels or going underwater with a thin tube for air at constant risk of tunnel collapse
and I dont think many of them hold onto the gold, they all sell it for profit, some invest so they can mine more,
and I dont think they care who they sell it to, or what the next person does with the gold,
they just know if they mine, they get money that they can exchange for other goods and services
To me, crypto miners are the security team, a decentralized security team that joins and leaves as they please and who we cant choose or fire LOL
they strengthen the network and make it harder to hack/exploit
and most of the future users of BiblePay will not be miners
===
But What gives BiblePay value? Why would people keep buying it? What makes its price increase?
It has deflationary emissions (less and less BiblePay coins are minted/created over time),
It has a limit of how many coins there will ever be in existence,
its smart/programmable,
but so are a bunch of other crypto coins? Why is BiblePay better? Better than Bitcoin, Ethereum, Monero, Dash, etc?
- ASIC-Resistant and CPU Only (everyone can mine!)
- Every Node is a Full Node (strengthens network, increases decentralization)
- Decentralized Autonomous Organization (DAO) for making decisions (a way to reach finality over conflict/disagreement/future path/plans)
- Monthly Budget (self funding / self bootstrapping)
- Donates 10% to Charity (gives back to the world)
- Spreads Christianity (morals)
- No Premine, No ICO (have to mine/buy/work your way into obtaining coins, no one starts off with coins)
- Ranked #126 by number of code commits (active development)
- Majority of CPU power now goes to healing and curing (rewarding science/cancer research)
https://steemit.com/cryptocurrency/@togoshige/biblepay-bbp-10-charity-cryptocurrency-masternodes-asic-resistant-cpu-mining-only===
If anyone wants to help do work for BiblePay, anyone can create a proposal and be funded in BiblePay coins for work, examples:
January/Feb Proposal Summary:
https://www.reddit.com/r/BiblePay/comments/7y4jw2/januaryfebruary_2018_proposal_summary/December Proposal Summary:
https://www.reddit.com/r/BiblePay/comments/7mbeqf/december_2017_proposal_summary/===
Rob you are a coding wizard and have created something that will greatly affect the world for the better!