Topic: Is BiblePay (BBP) a Scam? - Are BiblePay's Charity Donations Legitimate? (Read 232 times)

We'll convince everyone provably, eventually, because the Truth will stand.  
We have the effects of 329 real orphans that we helped for most of 2018, their pictures, their expense records, their inbound letters on a recurring basis, etc.  
You can't falsify hundreds of inbound childrens letters written to BiblePay and kept in our SAN.

Regarding the next step, imho personally I would be more convinced by a signed end of year statement from Compassion than a CPA audit.  Im not against a CPA audit, but our current budget doesnt allow for spending a couple grand on something that could be falsified by some firm.  The other reason I like the end of year statement is it consolidates the total to a point in time - meaning that we have integrity from day zero up to that date - meaning that our expenses were provable for a very large time span.  In addition, an end of year statement can be confirmed by allowing one to call the 800 # and confirm the authenticity of the statement.  One from compassion would take care of something like 90% of our expenses, and that would add imo a lot of additional credibility.

So Ill go ahead and submit a request for compassion to create an end of year statement - maybe for all of 2018, or for 9-9 depending on how their calendar years work, Ill check into that now.  Thanks for trying.

Regarding the pandering comment, no lets not be swayed by that.  We are an upstanding untarnished organization with 100% accuracy.  I named the 'exec theymos' report out of respect and honor for Theymos's interrogation, not to supplicate his approval.  The name of the report goes down in history to honor him and I think eventually he will realize how an honest and persistent organization succeeds.  Of course if he asks to not be associated with us, we can change it .  It was meant to be a compliment to his additional stringent requirements.

Yeah, this is the one they gave me, http://pool.biblepay.org/SAN/Expenses/BiblePay_audit_2018.pdf, in response to the audit questions.  And the ciqueue service rep said something like "and don't ask for one again as we will not provide you one again" and I thought, hmm thats not right, because we can't even click on our history right now from the web (we have too many records for their server to handle).  So Ill push to ask for one every year.  Anyway, it looks like a good resource, so please use it.

EDIT:  We can also explain to Theymos that it matches our [RPC command] "exec theymos" to the penny also.

Yeah, this PDF has to be one of the most convoluted formats I've seen - so it was in unicode, so I ended up converting it to ASCII and saving it and importing into excel but the columns were staggered (every other page had an extra column) then each other page had 1 less column, actually some were random, so anyway I ended up writing a program to import this thing into excel, so now we have the data here:

http://pool.biblepay.org/SAN/Expenses/Compassion2018Audit.xlsx

However looking at it is really strange in that some of the months seem doubled.  When I said it matched to the penny, I was referring to the grand total credit memo matching what we show as of the same date (IE we paid 143,901 in 2018 up to that time, we received a 25,404 credit and now have a 17,606 balance matching ours) however the individual detail rows gyrate up and down in the sheet's details (sometimes double) - you can clearly see we didnt have 650 orphans per month between February and August (which is what the charges allude to, if you divide the 241,131 charges by 10 months and $38 per month, we would have had 625+ orphans), but anyway, I did add rows I-L with the summary per month from Compassion and sum per month from BiblePay to try to reconcile.  

I'll let you take a look at the totals now to see if you catch my drift- you can pull the expense and revenue records from pool.biblepay.org accountability to see they match the figs I pasted in I-L.

For now I am just guessing that the person creating the audit found some inaccuracies in their data and had to enter journal entries to match our data (as I sent her our data to ask her if we would get a credit for the N canceling children so she knew up front what we had) and this probably resulted in 2* the journal entries on their side (doubling the charges) and then 2* the payments, etc.

Anyway the good news is if you look at row 14-15 in the summary we are still within a dollar.

Instructions to use our new in-wallet accountability system.
(Note: In the future we will look into making custom menus and screens for certain types of business objects).

EXPENSES:

Click Business Objects | Right click Expenses | Click List.
You can then see the expense details (all expenses since we started - and these reconcile to the pool up to the date of the cutover).  You can see a grand total (matching accountability.biblepay.org).
You can also navigate to a PDF by right clicking the row and click "Navigate to..."

REVENUE:

Click Business Objects | Right click Revenue | Click List.
You can then see the revenue details (all liquidated BBP since inception - these reconcile to accountability.biblepay.org up to the date of the cutover).  You can see a grand total (matching our total converted fiat on all exchanges).


Theymos Report:

From the RPC, type 'exec theymos'.

This report reconciles our entire blockchain money supply to what we actually spent on charity.

So in section 1, we have a money supply of 998.5MM.  Since our Emission wiki states that we give 10% to charity, our Charity Budget portion is shown in actual live figures of:  99.85MM.  Our actual BBP sold on exchanges:  92.23MM.  (The reason BBP sold is a little less than our target charity, is because we are 30 days behind - with governance and liquidations).  

So this shows the actual amount liquidated reconciles back to the stated amount we spend in our mission and to our total money supply.

Next, we show that we raised 20.55 BTC and sold it at an average price of .00174 USD per BBP with an average of 7170 per BTC.

Next, we show our USD expenses (actual totals) derived from our actual live-in-wallet business objects to be $161,483 - in contrast to our revenue of $161,126.
The expenses were slightly higher than the revenue (due to me slightly overpaying compassion each time I pay an invoice).

Note that the actual details of each invoice and revenue record are now stored in IPFS, and going forward we will start using IPFS to store these records, meaning this report will be automatically updated in real time.  We will truly be realizing our vision as a DAO, with decentralized accountability records in IPFS.

New BiblePay News article:

Charity Profile: Compassion International

Includes statement from president of Compassion International:

Statement from Santiago “Jimmy” Mellado, President & CEO, Compassion International:
“Compassion is extremely grateful for the support from BiblePay. Thanks to their hearts for ministry, more than 300 children who live in poverty are receiving life-changing care through their local churches. This is an investment that can reap eternal returns across generations…and it starts by caring for one child. Thank you BiblePay for the way you are transforming these children’s lives.”

https://medium.com/biblepay-news/charity-profile-compassion-international-75741753e1c8

https://steemit.com/charity/@biblepay/charity-profile-compassion-international

I just notified Compassion of the cancellation of 206 of our monthly sponsorships.  I asked them to transfer the credit balance remaining on these 206 children over to our remaining 100 children. 

I will update the pool ASAP reflecting the Compassion changes.  You should see 100 children for compassion and 32 from non-compassion later this evening.  Bringing our total sponsored children to 132.

To learn more about contributing to Leadership Rice as a mentor or a supporter, please contact Ginger Langehennig, senior director of development, at 832-797-3749 or [email protected].

Recipient address rejected: undeliverable address:
    unknown user: "glange" (in reply to RCPT TO command)