Well, being a christian and with crypto interests, i got attracted to this crypto upon seeing the name
I like the vision too; The 10% for orphans as the bible admonishes us to
James 1:27 “Religion that is pure and undefiled before God, the Father, is this: to visit orphans and widows in their affliction, and to keep oneself unstained from the world.”
“If among you, one of your brothers should become poor, in any of your towns within your land that the Lord your God is giving you, you shall not harden your heart or shut your hand against your poor brother, but you shall open your hand to him and lend him sufficient for his need, whatever it may be...For the poor you will always have with you in the land. Therefore I command you, ‘You shall open wide your hand to your brother, to the needy and to the poor, in your land.’" (Deut 15:7-11)
It would have been better if the name weren't obviously linked to the bible or to christianity. With the name its usage in the real world will be grossly limited
In my opinion it should have had the very same vision but with a different name that wont limit its real world usage to "bible associated stuff"
Also, i think 2% of the reward for orphans should be redirected to development. If that is done and development is fostered, the 8% will be a lot worth more than the former 10%.
The 8% shouldn't be for orphans only though most of it should be for orphans, After all, Jesus said, "The poor you will ALWAYS have with you.
The poor you will always have with you, and you can help them any time you want. But you will not always have me.
Mark 14:7
i think about 3% or 4% of it should be to support the spread of the gospel of Jesus in any way deemed fit
I hope i am right
Starting at Christmas, the charitable allocations change, and then the way it works with sanctuaries is:
15% total will be held back per block (this breaks down to 10% for charity and 5% for IT), and the tithe_blocks will be changed back to normal blocks with 0% going to charity. The 15% can be spent any way the sanctuaries wish- as long as the IT expenses come out of the 5% and the charitable out of the 10% limits. (Yes, the blocks do pay 10% back to the sanctuaries for being sanctuaries, and 75% to the miner). So right now its: 90% to the miner, 10% to charity. In the future: 10% to sanctuaries, 15% to charity and IT, and 75% to the miner.
Last night, I was doing some R&D work for biblepay, regarding instantiation of a new governance vote proposal for a new sanctuary. I believe all the problems are solved, regarding the worries about people running away with money, and whose performing duties, and the multisig, and IT support for the duties etc. As a sneak preview of how this will be tackled, any recurring expense, such as the orphan foundation premiums owed, will have to be re-entered once per quarter as a new Proposal. So if we have 100 orphans being sponsored at $3800 per month, we will enter a proposal to pay the premiums for these orphans for up to 3 months at a time. Once the proposal is approved (for $3800x3) by the sanctuaries, this becomes a budget item. A budget item has a brand new wallet receiving address, and a designated person in charge of the duty to transfer the premiums to compassion.com. The sanctuaries will approve the budgets or deny them by voting on them, and the escrow is auto-released in our superblocks on the superblock date of the month. I can even put someone in charge of the compassion post at that point. IT (Information Technology) will be responsible to set up the necessary support functions for orphans at "biblepay central". Which is currently the pool.biblepay.org. But as we develop our slack team, we can then break out subdomains for the orphans, so people can manage the orphan letters at orphan.biblepay.org, etc. I think the concept is now forming as a set of viable requirements at this point. Im starting to merge the sanctuary code into testnet now. We will have crude IT support available for the future of these functions in testnet in a month or so, and test all this together. Im excited.
