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Topic: BiblePay - New Coin Launch - Official Thread - page 4. (Read 119845 times)

newbie
Activity: 42
Merit: 0
Further more Rob

Unlike so many, we do not peddle the word of God for profit.
On the contrary, in Christ we speak before God with sincerity, as those sent from God.


We are still checking the biblepay.org homepage for an update on that investor informational package
full member
Activity: 1176
Merit: 215
Jesus is the King of Kings and Lord of Lords
Is there anywhere we can see the difficulty as a function of time?
I have a theory...


Unfortunately its possible but a little convoluted.  There is bitnet, utils, rpc commands, manual commands.
The manual way to do it is "showblock 2000, showblock 2001, showblock 2002"etc.

Happy merchant wrote a script for this that will create a report for you:

https://github.com/happy-merchant/biblepay_rpc


Let me know if you need something specific and I can add a report to the rpc for you in the next version.

newbie
Activity: 42
Merit: 0
There is a really neat feature here on SMF called "ignore".  I clicked Ignore underneath Coinpimps name.  Just click it and you will never see one of pimps posts again!

I clicked it.  Go ahead coinpimp, spam as much as you want now.




Youtube, twitter, facebook, wordpress, so many places to educate the Christian on how to discern cryptocurrencies.

Cant hide the Truth

You are the light of the world. A city on a hill cannot be hidden.

15 Neither do people light a lamp and put it under a basket. Instead, they set it on a lampstand, and it gives light to everyone in the house.

16In the same way, let your light shine before men, that they may see your good deeds and glorify your Father in heaven
full member
Activity: 1176
Merit: 215
Jesus is the King of Kings and Lord of Lords
There is a really neat feature here on SMF called "ignore".  I clicked Ignore underneath Coinpimps name.  Just click it and you will never see one of pimps posts again!

I clicked it.  Go ahead coinpimp, spam as much as you want now.


full member
Activity: 364
Merit: 102
Is there anywhere we can see the difficulty as a function of time?
I have a theory...
newbie
Activity: 42
Merit: 0
And what is the problem this coin wil solve placing it on blockchain.

None. If donating to orphans is the 'killer feature' of biblepay, you can recreate it with a branded Dash wallet. Because under the hood that is what powers biblepay.

 No need to even create your own coin, code base, master nodes, miner network or anything. Just use the same Dash blockchain, the same dash token, and add a send to orphan fund button in the software.

No need for a special 'biblepay' currency. not limited to 1 exchange. and a user base of 900+ miners who dont really use the token but just mine it to sell it. And you keep using Dash currency that is worth $300 not 0.00009. No specialized stores to buy amazon affiliate goods. Traded dash for btc at any major exchange and do what you want. and Dash continues its development with a huge developer base so the code base is more advanced and maintained and open to scrutiny

When you pay someone the software asks you if you want to donate a percentage to the charity of the month. Then it takes your balance, splits a payment to the intended address and the orphan address. Its exactly the same way it works today when you are in a grocery store and it asks you if you want to donate to the 'children's' fund before giving you your final tally.

Thats literally all it takes to implement a feature that donates to an orphan fund.




full member
Activity: 364
Merit: 102
Great job guys, New all time high Difficulty:



{
  "blocks": 15991,
  "currentblocksize": 1000,
  "currentblocktx": 0,
  "difficulty": 42330.15079537166,

}

We must be getting more popular.  The external node connections are pegged.




Hi Rob, keep up the good work!

As a relative newbie, could you please explain to me what high difficulty means?
Am I correct in saying this means the block reward is smaller?

What other implications does it have?

Thanks

In most of the cryptoworld the diff is a number measuring how high the bar is set to achieve the next (biblehash) solution.  The higher the bar, the higher the solution hash must be to exceed it, IE the more nodes that would be required to solve the upcoming block.  This is done to regulate the block timing to be 7 minutes for us.

We go one step further and also lower the block reward during high diff periods.  Our minimum block reward is 5k however, so it is now pegged at the minimum during this time period. 

(For the highly technical, note that in the bibleminer hashoutput, everything is actually reversed and during high diff the bar is *lowered* and a lower hash is required, but I wanted to keep the analogy simple above).



Thanks Rob. So I guess that means that most blocks will be ~5000 reward from now on?
Thanks

No the reward floats with the diff level.  There will be times of high diff and low subsidy and then times when the miners point hashpower away- then lower diff and high subsidy.  Also, f8000 coming at Christmas has a lower HPS hence a lower diff, so the reward might temporarily jump a little higher but I think it will be short lived as we are getting popular.

nSubsidyBase = (20000 / (pow((dDiff+1.0),2.0))) + 1;
 



Ah I see. Thanks for explaining that, and for your patience with my simple questions!
full member
Activity: 1176
Merit: 215
Jesus is the King of Kings and Lord of Lords
Dev when is Light-deliver coin mixing being implement?on a serious be aware.I am all for contributions and assisting others so I'll be viewing this, interesting task.

We have InstantSend and Coin Mixing set to be turned on at Christmas at the same time Sanctuaries go live.
Hey that brings up a point guys, can we please test these two features now in TestNet?  They should be available for you right now.

On a side note, colored coins are working in Alphanet (thats my private unit test network).  I can send retirement coins back and forth and trade with myself and my market maker node.  The code should be released in 2 days for testing.


Could we have a few testers jump into testnet and also test f8000?  Since we are preventing the gains from running multiple instances in f8000, I think its important to get f8000 tested now up-front so we can avoid that at Christmas.  

http://forum.biblepay.org/index.php?topic=16.165

So while waiting for my colored coin patch to be checked in, please test f8000 and coin mixing and instant send.
There are a lot of sanctuaries that need rebooted in testnet also.
full member
Activity: 1176
Merit: 215
Jesus is the King of Kings and Lord of Lords
Great job guys, New all time high Difficulty:



{
  "blocks": 15991,
  "currentblocksize": 1000,
  "currentblocktx": 0,
  "difficulty": 42330.15079537166,

}

We must be getting more popular.  The external node connections are pegged.




Hi Rob, keep up the good work!

As a relative newbie, could you please explain to me what high difficulty means?
Am I correct in saying this means the block reward is smaller?

What other implications does it have?

Thanks

In most of the cryptoworld the diff is a number measuring how high the bar is set to achieve the next (biblehash) solution.  The higher the bar, the higher the solution hash must be to exceed it, IE the more nodes that would be required to solve the upcoming block.  This is done to regulate the block timing to be 7 minutes for us.

We go one step further and also lower the block reward during high diff periods.  Our minimum block reward is 5k however, so it is now pegged at the minimum during this time period. 

(For the highly technical, note that in the bibleminer hashoutput, everything is actually reversed and during high diff the bar is *lowered* and a lower hash is required, but I wanted to keep the analogy simple above).



Thanks Rob. So I guess that means that most blocks will be ~5000 reward from now on?
Thanks

No the reward floats with the diff level.  There will be times of high diff and low subsidy and then times when the miners point hashpower away- then lower diff and high subsidy.  Also, f8000 coming at Christmas has a lower HPS hence a lower diff, so the reward might temporarily jump a little higher but I think it will be short lived as we are getting popular.

nSubsidyBase = (20000 / (pow((dDiff+1.0),2.0))) + 1;
 

newbie
Activity: 42
Merit: 0
Rob,

Looking at the horrible JC coin, why didnt you decide to just make this an ERC-20 coin? Backed my ethereum would have made the liquidty/exchange side of things smoother

full member
Activity: 364
Merit: 102
Great job guys, New all time high Difficulty:



{
  "blocks": 15991,
  "currentblocksize": 1000,
  "currentblocktx": 0,
  "difficulty": 42330.15079537166,

}

We must be getting more popular.  The external node connections are pegged.




Hi Rob, keep up the good work!

As a relative newbie, could you please explain to me what high difficulty means?
Am I correct in saying this means the block reward is smaller?

What other implications does it have?

Thanks

In most of the cryptoworld the diff is a number measuring how high the bar is set to achieve the next (biblehash) solution.  The higher the bar, the higher the solution hash must be to exceed it, IE the more nodes that would be required to solve the upcoming block.  This is done to regulate the block timing to be 7 minutes for us.

We go one step further and also lower the block reward during high diff periods.  Our minimum block reward is 5k however, so it is now pegged at the minimum during this time period. 

(For the highly technical, note that in the bibleminer hashoutput, everything is actually reversed and during high diff the bar is *lowered* and a lower hash is required, but I wanted to keep the analogy simple above).



Thanks Rob. So I guess that means that most blocks will be ~5000 reward from now on?
Thanks
newbie
Activity: 42
Merit: 0
This is horrific  Angry Angry Angry Angry Angry Angry Angry Angry

https://jesuscoin.network/

Its all a game of mockery and money scheming when it comes to Jesus and Crypto. sign of the times
full member
Activity: 1176
Merit: 215
Jesus is the King of Kings and Lord of Lords
Great job guys, New all time high Difficulty:



{
  "blocks": 15991,
  "currentblocksize": 1000,
  "currentblocktx": 0,
  "difficulty": 42330.15079537166,

}

We must be getting more popular.  The external node connections are pegged.




Hi Rob, keep up the good work!

As a relative newbie, could you please explain to me what high difficulty means?
Am I correct in saying this means the block reward is smaller?

What other implications does it have?

Thanks

In most of the cryptoworld the diff is a number measuring how high the bar is set to achieve the next (biblehash) solution.  The higher the bar, the higher the solution hash must be to exceed it, IE the more nodes that would be required to solve the upcoming block.  This is done to regulate the block timing to be 7 minutes for us.

We go one step further and also lower the block reward during high diff periods.  Our minimum block reward is 5k however, so it is now pegged at the minimum during this time period. 

(For the highly technical, note that in the bibleminer hashoutput, everything is actually reversed and during high diff the bar is *lowered* and a lower hash is required, but I wanted to keep the analogy simple above).

full member
Activity: 364
Merit: 102
Great job guys, New all time high Difficulty:


15:00:52

getmininginfo


15:00:52

{
  "blocks": 15991,
  "currentblocksize": 1000,
  "currentblocktx": 0,
  "difficulty": 42330.15079537166,
  "errors": "",
  "genproclimit": 7,
  "networkhashps": 1930309953694.515,
  "hashps": 8564.60937279001,
  "minerstarttime": "10-16-2017 15:47:51",
  "pooledtx": 0,
  "testnet": false,
  "chain": "main",
  "biblepay-generate": true,
  "poolinfo1": "B6jtJfhZzbqiNUXfoQ2LdHVjWVtrHSELMS; B6jtJfhZzbqiNUXfoQ2LdHVjWVtrHSELMS; B6jtJfhZzbqiNUXfoQ2LdHVjWVtrHSELMS; B6jtJfhZzbqiNUXfoQ2LdHVjWVtrHSELMS; B6jtJfhZzbqiNUXfoQ2LdHVjWVtrHSELMS; B6jtJfhZzbqiNUXfoQ2LdHVjWVtrHSELMS; ",
  "poolinfo2": "RMC_11-09-2017 21:00:32; RMC_11-09-2017 20:57:12; RM_11-09-2017 20:57:40; RM_11-09-2017 20:59:50; RMC_11-09-2017 20:55:21; RM_11-09-2017 20:57:01; ",
  "poolinfo3": "CFW 11-09-2017 20:57:20; CFW 11-09-2017 20:57:11; CFW 11-09-2017 20:59:48; CFW 11-09-2017 20:55:20; ",
  "miningpulse": 546888,
  "poolmining": true
}

We must be getting more popular.  The external node connections are pegged.




Hi Rob, keep up the good work!

As a relative newbie, could you please explain to me what high difficulty means?
Am I correct in saying this means the block reward is smaller?

What other implications does it have?

Thanks
full member
Activity: 1176
Merit: 215
Jesus is the King of Kings and Lord of Lords
Dev when is Light-deliver coin mixing being implement?on a serious be aware.I am all for contributions and assisting others so I'll be viewing this, interesting task.

We have InstantSend and Coin Mixing set to be turned on at Christmas at the same time Sanctuaries go live.
Hey that brings up a point guys, can we please test these two features now in TestNet?  They should be available for you right now.

On a side note, colored coins are working in Alphanet (thats my private unit test network).  I can send retirement coins back and forth and trade with myself and my market maker node.  The code should be released in 2 days for testing.



newbie
Activity: 4
Merit: 0
Dev when is Light-deliver coin mixing being implement?on a serious be aware.I am all for contributions and assisting others so I'll be viewing this, interesting task.
full member
Activity: 1176
Merit: 215
Jesus is the King of Kings and Lord of Lords
Great job guys, New all time high Difficulty:


15:00:52

getmininginfo


15:00:52

{
  "blocks": 15991,
  "currentblocksize": 1000,
  "currentblocktx": 0,
  "difficulty": 42330.15079537166,
  "errors": "",
  "genproclimit": 7,
  "networkhashps": 1930309953694.515,
  "hashps": 8564.60937279001,
  "minerstarttime": "10-16-2017 15:47:51",
  "pooledtx": 0,
  "testnet": false,
  "chain": "main",
  "biblepay-generate": true,
  "poolinfo1": "B6jtJfhZzbqiNUXfoQ2LdHVjWVtrHSELMS; B6jtJfhZzbqiNUXfoQ2LdHVjWVtrHSELMS; B6jtJfhZzbqiNUXfoQ2LdHVjWVtrHSELMS; B6jtJfhZzbqiNUXfoQ2LdHVjWVtrHSELMS; B6jtJfhZzbqiNUXfoQ2LdHVjWVtrHSELMS; B6jtJfhZzbqiNUXfoQ2LdHVjWVtrHSELMS; ",
  "poolinfo2": "RMC_11-09-2017 21:00:32; RMC_11-09-2017 20:57:12; RM_11-09-2017 20:57:40; RM_11-09-2017 20:59:50; RMC_11-09-2017 20:55:21; RM_11-09-2017 20:57:01; ",
  "poolinfo3": "CFW 11-09-2017 20:57:20; CFW 11-09-2017 20:57:11; CFW 11-09-2017 20:59:48; CFW 11-09-2017 20:55:20; ",
  "miningpulse": 546888,
  "poolmining": true
}

We must be getting more popular.  The external node connections are pegged.


newbie
Activity: 42
Merit: 0
Investor Prospectus?

Rob or anyone know of a something like an investor prospectus for this masternode being proposed for potential investors? You know something one can read over that that has risks involved, ROI, contact information, etc? If i were an investor then I could make a wiser investment decision if I understood exactly whats being proposed right?

I think i heard mention of '401k' type schemes. It sounds interesting but its very hard to discern whats going on without it all in one document signed by the organization. I just find statements here and there on this forum thread. Retirement accounts are people's nest eggs after all. Maybe a phone number to talk to someone?

Maybe I could find it on the biblepay.org website? or the accountability page at the pool? That way the public at large can find it and research its merits. I might even have a friend who can go in on it. But they are not going to read this entire thread and fish out the claims and risks right?

Or will this be an announcement with a biblepay or btc address and everyone is to send their money in? That sounds pretty sketchy to me.  Huh

This may help get you started if such a thing doesnt exist yet.

https://www.prospectus.com/private-placement-memorandum-services-information/how-to-write-a-prospectus/

An investor prospectus would have a very high bar, would need a review by an investment lawyer (very pricey) and might need oversight by the SEC.  One reason why ICO's are now all overseas (with I think one exception thus far), is an ICO is being handled like an IPO with oversight from the SEC.  While this coin is NOT AN ICO (sorry, lots of people miss that) and I mean no disrespect to the Dev or all those involved with it, this coin should not be seen as an investment.  

The road map does hope to see gains made in value, features added (like Debit Card and 401K integration) but seeing as how BTC is just now getting moving on an ETF, it's too early to really expect such a high bar from this or almost any coin short of the main four or five (BTC, ETH, XRP, maybe LTC, XMR, ZEC, NEO or NEM).  At the point where BBP is in the top whatever and actually able to reasonably look at integration with 401K or even Debit cards, then that is a far more realistic time to talk about prospectus.  Consider for a moment, that even XRP, which is backed by the financial industry does not have a prospectus.  So if a coin with a $8B valuation cannot do that, I would think it very unrealistic to expect a $170K coin to out do them.

Funny thing is that 'Rob' calls it an investment and mentions protecting investors in numerous posts

https://bitcointalksearch.org/topic/m.24191771

"I don't want to cause a division, and I welcome the community input.  What everyone has to understand is I have a responsibility to also protect the investor also, so things that make it to prod are hard to change."

I mean revisionism/double speak is always a defensive tactic but come on guys, the masternode is clearly an investment.

As for the other points saying that others are doing it so can we. I disagree. If you want to associate the project with the Bible and call it a currency for 'Christians' you are going to be held to a very high standard of integrity and transparency

You and 'Rob' share similar writing styles. Two accounts? Or maybe you are an ardent team member.
see Step 11 above

(oh and thanks, i will revise the list to include 'never ever pretend the coin is an investment". Rob did though so lessons learnt.

"He who has ears let him here... You will know them by their fruit"





All, lets use our high group intelligence and not Feed the Troll.  



when you dont have an answer to an inquiry  , attack the questioner. ad hominem

We still need from you some kind of investor information page. if you legally dont want to be accountable to a 'prospectus' thats fine.

but post something up publically.

You are after all standing to raise at least over $150,000. maybe much much more.


You cant find the time to put together document that binds your words?

I tell you want Rob, i will pay you 100 biblepay for such a document. deal? i hear they will go up in value esp in Venezuela

Attacking me doesnt remove your accountability.

Truth Troll for the Bible - proud of it!

full member
Activity: 1176
Merit: 215
Jesus is the King of Kings and Lord of Lords
Investor Prospectus?

Rob or anyone know of a something like an investor prospectus for this masternode being proposed for potential investors? You know something one can read over that that has risks involved, ROI, contact information, etc? If i were an investor then I could make a wiser investment decision if I understood exactly whats being proposed right?

I think i heard mention of '401k' type schemes. It sounds interesting but its very hard to discern whats going on without it all in one document signed by the organization. I just find statements here and there on this forum thread. Retirement accounts are people's nest eggs after all. Maybe a phone number to talk to someone?

Maybe I could find it on the biblepay.org website? or the accountability page at the pool? That way the public at large can find it and research its merits. I might even have a friend who can go in on it. But they are not going to read this entire thread and fish out the claims and risks right?

Or will this be an announcement with a biblepay or btc address and everyone is to send their money in? That sounds pretty sketchy to me.  Huh

This may help get you started if such a thing doesnt exist yet.

https://www.prospectus.com/private-placement-memorandum-services-information/how-to-write-a-prospectus/

An investor prospectus would have a very high bar, would need a review by an investment lawyer (very pricey) and might need oversight by the SEC.  One reason why ICO's are now all overseas (with I think one exception thus far), is an ICO is being handled like an IPO with oversight from the SEC.  While this coin is NOT AN ICO (sorry, lots of people miss that) and I mean no disrespect to the Dev or all those involved with it, this coin should not be seen as an investment.  

The road map does hope to see gains made in value, features added (like Debit Card and 401K integration) but seeing as how BTC is just now getting moving on an ETF, it's too early to really expect such a high bar from this or almost any coin short of the main four or five (BTC, ETH, XRP, maybe LTC, XMR, ZEC, NEO or NEM).  At the point where BBP is in the top whatever and actually able to reasonably look at integration with 401K or even Debit cards, then that is a far more realistic time to talk about prospectus.  Consider for a moment, that even XRP, which is backed by the financial industry does not have a prospectus.  So if a coin with a $8B valuation cannot do that, I would think it very unrealistic to expect a $170K coin to out do them.

Funny thing is that 'Rob' calls it an investment and mentions protecting investors in numerous posts

https://bitcointalksearch.org/topic/m.24191771

"I don't want to cause a division, and I welcome the community input.  What everyone has to understand is I have a responsibility to also protect the investor also, so things that make it to prod are hard to change."

I mean revisionism/double speak is always a defensive tactic but come on guys, the masternode is clearly an investment.

As for the other points saying that others are doing it so can we. I disagree. If you want to associate the project with the Bible and call it a currency for 'Christians' you are going to be held to a very high standard of integrity and transparency

You and 'Rob' share similar writing styles. Two accounts? Or maybe you are an ardent team member.
see Step 11 above

(oh and thanks, i will revise the list to include 'never ever pretend the coin is an investment". Rob did though so lessons learnt.

"He who has ears let him here... You will know them by their fruit"





All, lets use our high group intelligence and not Feed the Troll. 



newbie
Activity: 42
Merit: 0
Investor Prospectus?

Rob or anyone know of a something like an investor prospectus for this masternode being proposed for potential investors? You know something one can read over that that has risks involved, ROI, contact information, etc? If i were an investor then I could make a wiser investment decision if I understood exactly whats being proposed right?

I think i heard mention of '401k' type schemes. It sounds interesting but its very hard to discern whats going on without it all in one document signed by the organization. I just find statements here and there on this forum thread. Retirement accounts are people's nest eggs after all. Maybe a phone number to talk to someone?

Maybe I could find it on the biblepay.org website? or the accountability page at the pool? That way the public at large can find it and research its merits. I might even have a friend who can go in on it. But they are not going to read this entire thread and fish out the claims and risks right?

Or will this be an announcement with a biblepay or btc address and everyone is to send their money in? That sounds pretty sketchy to me.  Huh

This may help get you started if such a thing doesnt exist yet.

https://www.prospectus.com/private-placement-memorandum-services-information/how-to-write-a-prospectus/

An investor prospectus would have a very high bar, would need a review by an investment lawyer (very pricey) and might need oversight by the SEC.  One reason why ICO's are now all overseas (with I think one exception thus far), is an ICO is being handled like an IPO with oversight from the SEC.  While this coin is NOT AN ICO (sorry, lots of people miss that) and I mean no disrespect to the Dev or all those involved with it, this coin should not be seen as an investment.  

The road map does hope to see gains made in value, features added (like Debit Card and 401K integration) but seeing as how BTC is just now getting moving on an ETF, it's too early to really expect such a high bar from this or almost any coin short of the main four or five (BTC, ETH, XRP, maybe LTC, XMR, ZEC, NEO or NEM).  At the point where BBP is in the top whatever and actually able to reasonably look at integration with 401K or even Debit cards, then that is a far more realistic time to talk about prospectus.  Consider for a moment, that even XRP, which is backed by the financial industry does not have a prospectus.  So if a coin with a $8B valuation cannot do that, I would think it very unrealistic to expect a $170K coin to out do them.

Funny thing is that 'Rob' calls it an investment and mentions protecting investors in numerous posts

https://bitcointalksearch.org/topic/m.24191771

"I don't want to cause a division, and I welcome the community input.  What everyone has to understand is I have a responsibility to also protect the investor also, so things that make it to prod are hard to change."

I mean revisionism/double speak is always a defensive tactic but come on guys, the masternode is clearly an investment.

As for the other points saying that others are doing it so can we. I disagree. If you want to associate the project with the Bible and call it a currency for 'Christians' you are going to be held to a very high standard of integrity and transparency

You and 'Rob' share similar writing styles. Two accounts? Or maybe you are an ardent team member.
see Step 11 above

(oh and thanks, i will revise the list to include 'never ever pretend the coin is an investment". Rob did though so lessons learnt.

"He who has ears let him here... You will know them by their fruit"


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