Topic: BiblePay - New Coin Launch - Official Thread (Read 119845 times)

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BiblePay - Mandatory Upgrade - For Entire Network
1.5.4.4 - Height 255,000

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Press Release:
https://foundation.biblepay.org/Press/PressRelease1544.htm

Release:
https://github.com/biblepay/biblepay/releases/tag/1.5.4.4

More information:
https://wiki.biblepay.org/Mandatory_Upgrade_1545

Changelog:
https://github.com/biblepay/biblepay/blob/master/changelog.md

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Most of the documentation for UTXO staking, BBP University and POP3 can be found in the referenced documents in this wiki page:
Announcement: https://wiki.biblepay.org/Mandatory_Upgrade_1545
UTXO:  https://wiki.biblepay.org/UTXO_Mining
DAC: https://wiki.biblepay.org/Decentralized_Autonomous_Charity
POP3: https://wiki.biblepay.org/Decentralized_Email


Explain Important Changes to the BiblePay Network at height 255,000:

- DWS will temporarily stay enabled for existing payments only (but will be disabled for new stakes) until all old stakes are paid.  This is so we can promote UTXO mining instead.
- UTXO mining replaces DWS.  With UTXO mining you can be rewarded the coinbase mining block reward when you add a new UTXO stake, and, additionally you can receive a perpetual reward in the UTXO leaderboard (daily).
- DashStake will be disabled, but, you may re-stake the dash stakes as UTXO stakes.
- The wallet will support more crypto-currency pairs for UTXO mining!  At the cutover height you can stake BBP, or BBP+Dash, BBP+DOGE, BBP+LTC or BBP+BTC.  Once successful, we plan on voting more pairs in!
- UTXO mining appeals to 17 million Dash addresses, and 450 million unique Bitcoin addresses, giving us a large potential new user base!
- RandomX merge mining is still fully implemented for block security.  Since we are merge mined, no one can come in and "buy" BBP with hashpower.
- For all the blocks that are Not new UTXO transactions, our RX miners still get the subsidy!  The UTXO subsidy only goes to new staked UTXOs as a reward to bring popularity to our network from other (foreign UTXOs) - IE newbies.
- When you stake BBP only, you receive approx. half the reward.  When you stake BBP+any foreign currency, you receive up to double the reward.  The reward is based on the lower of the two values * 2.  For example, if you stake $200 of BBP combined with $150 of Dash, your UTXO is valued at $150 * 2 = $300.   If you stake $200 of BBP alone, the UTXO is valued at $200.  If you stake $150 of BBP + $200 of bitcoin, the stake is valued at $150 * 2 = $300.00.
- PODC is being phased out over 60 days.  During the first month, PODC rewards are halved.  Then during the second month they are reduced to 0 while UTXO rewards are ramped up to 99% of the daily GSC contract.  Healing is still available at 1%.


If you encounter any questions, please feel free to ask so we can add to the documentation.

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5500 BBP

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BiblePay Explorers:
https://chainz.cryptoid.info/bbp/
http://explorer.biblepay.org/

Sent.

Welcome aboard!

You can e-mail lead dev (rob at biblepay dot org) - he runs the pool where you saw pool faucet.

Hi , im from Brazil and i can not verify my cell number. someone can give me some BBP  ?


BJqUAoGJ2ohVJYsnhfQBUyhfjwDq8FGjNS

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Sorry for the confusion,
Lead Dev

Right.  "And he said unto him, If they hear not Moses and the prophets, neither will they be persuaded, though one rose from the dead." 

Its obvious to the intelligent folk what we are doing here, its primarily to help orphans in the end, but much more than required to make it sustainable.

The ideas about adding VAR to the coin to be a top 50 coin is to help orphans in the end.  Adding enough VAR to the coin to get there requires perspiration.  And obviously, we would not be a clone of any codebase at that point, we would have coins cloning Biblepay.

If you dont know what I mean by adding VAR: It means adding a novel feature or business process that has household utility and merging it into biblepay.  It means that whatever that is ends up sticking and people like it.  That propels us into the top 100.  I dont want to be known as a "masternode clone" or a clone of dash.  I thank Dash for what theyve done and we give Dash credit for the governance system, the budgets and the superblocks.  Now its our turn to add something back in for the community to share.

nice! want i hadnt utilized my Glowing blue free trial... would like to see what new Xeons can perform.

Please read carefully, that is just an estimated ROI with projected price, not a real ROI, because there is no masternode yet.

And please read back all comments from 100 over pages in this thread and you will know who is new here. Do some homework before posting comments...

Dash is currently priced at $342.32 for one coin. All having 10x the coins does is move the decimal point to the left.  I think that's good, not bad.

coinpimp321 stop trolling=spamming=crying or will be ban on your IP   no one is curious about your spills

what you fail to see is why a ponzi scheme as you just described should even be allowed to happen. especially using the Holy Bible as its selling point

capping miners would ensure very low and realistic coin supply. Biblepay already has 239 million coins LOL. Dash, which this coin is based on, has 7 million with max of 18 million. and its several years old

one has to ask why the need for 10x coins barely within 4 months of its existence? answer. because its the only way you can turn a buck off a 10 satoshi token. High volume is the only way to turn a profit here.

i understand some are here for the money and some are here for the Bible. The project teaml must pick what is more important as its core value. Integrity or quick bucks

I really don't think capping miners would work because that would probably kill the coin off.  This is very early days with this coin, if the price goes up and it's listed on other exchanges, then small miners should be able to make money.  I fail to see how twisting most of the facts helps that happen?

these are noble thoughts. the reality is that at present

1. biblepay is traded on one exchange and isnt finding luck at others
2. you cant just sell 1 biblepay. you need to sell minimum 1000 biblepay for btc at that exchange
3. to get out your btc at that exchange, you need to sell 20,000 biblepay. and thats the fee they take!! $14 to get even one satoshi out to your own wallet

so:

you need to mine minimum 20,000 biblepay coins to finally sell 1 biblepay coin for 0.0009 usd.

there is exactly ZERO way a developing country person can make 'a couple dollars a month' mining and selling biblepay. 20,000 coins in a month and then you get 0.0009 cents?? no way you are making 'couple of bucks a month'

everything im telling you is absolutely true and you can do your own research at the exchange!


there is a flaw in the biblepay hash algo. it should cap out heavy miners. equal and constant shares should be the goal. that way this mess wouldnt exist in the first place
 
the only ones making a profit here are the early heavy hash miners. bibleponzi should be the name of this coin

I think masternodes are great.  Anyone can lookup all the coins with masternodes and see how well they have worked for many of them.  And if buying the masternodes pushes the price of the coin up, that benefits everyone that holds it.  Those that can't afford it will be able to make money just mining BiblrPay on their old computers.  At the moment, most people that can't afford a bunch of graphics cards or an ASIC can't make much mining.  A few dollars a month might not be much to many of us but it could make a huge difference in some countries.

You must be new here

ROI has been posted here

http://pool.biblepay.org/docs/roi.htm

@'Rob'

you mentioned earlier that you are here to protect the investor.

could you offer some thoughts on the tax/legal implications of running a masternode are?

those are very important considerations for everyone to know

oh, idea!

Why dont we have a group skype video call? we can finally meet you and disuss these things openly?

Masternodes - what are the tax/legal implications to the owner/investor?

Be sure you read up on what this 'Masternode' scheme is. rememeber when you mine, spend, receive cryptos you are entering into situations with bigger legal/tax questions

taken from:

https://www.dashcentral.org/p/legal-201609


Knowing support exists to fund these legal costs, we have proceeded to obtain formal quotes for portions of the work. The first set of question we would like to address consists of the following questions on masternode investing and liabilities:

1) Legal opinion on the treatment of masternode block rewards under the Internal Revenue Code
  a. Whether they are treated similarly to mining rewards, interest, or other tax treatment
  b. Tax treatment of the initial collateral “investment”​

2) Liability of masternode owners for the transactions they facilitate
  a. Whether masternode owners may be responsible for criminal activities connected with transactions they facilitate 
  b. If so, under what circumstances
  c. Whether participation in “mixing” services might give rise to criminal liability
  d. If so, under what circumstances​

3) Liability of exchanges that support Dash transactions and guidelines on meeting existing compliance
  a. Whether an exchange might be held liable for criminal activity associated with PrivateSend transactions​