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1  Bitcoin / Development & Technical Discussion / Draft proposal of Bitcoin fee burn mechanism (discussion) on: November 18, 2021, 09:07:08 AM
Hello everyone,

here is an idea that may be worth discussing, and could improve some of the Bitcoin features, it is pretty straight forward and would be interesting to hear your opinion on the subject:
     Only a portion of transaction fees is burned (coinbase transaction output includes block subsidy and transaction fees minus the transaction fees burned);
     Burn rate is set between 10% (lower) and 90% (upper) thresholds (90% constant burn rate is used in e.g. Bitgesell project https://bitcointalk.org/index.php?topic=5238559);
     The change of burn rate is proportional to difficulty change (the network congestion/concurrency is regulated by the fee sizes, while if difficulty rises (more miners or more advanced hardware, more electricity used) -- the burn amount is raised to balance this (to keep the burn rate changes more dynamic in comparison to difficulty changes, it is calculated using constant multiplier);

the main idea is described here:
https://github.com/bitcoin/bips/pull/1237
https://github.com/wu-emma/bips/blob/draft/bip-burn/bip-burn.mediawiki

some prototype implementation just for a draft reference:
https://github.com/wu-emma/bitcoin/pull/2/files

Best regards,
Emma
2  Alternate cryptocurrencies / Marketplace (Altcoins) / Looking for media coverage assistance for Bitgesell on: June 10, 2020, 01:15:24 PM
Looking for a professional media relations specialist to arrange posts or reviews on several resources:
  • Podcasts
  • Twitter
  • Instagram
  • Youtube

I can send the list to PM or email upon request. The main goal is to arrange publication and negotiate pricing.

Please send me a PM with information if you have relevant experience and we will negotiate the terms.
Please communicate using private message first with your forum account.
Payment will be arranged through BTC, compensation will vary depending on coverage for channel
(0.05 to 1+ BTC depending on audience size, will respond with a list and we can negotiate)

Bitgesell project: https://bitcointalk.org/index.php?topic=5238559

Looking forward to hearing from you!

3  Bitcoin / Project Development / Looking for media coverage assistance for Bitgesell on: June 09, 2020, 09:05:44 AM
Looking for a professional media relations specialist to arrange posts or reviews on several resources:
  • Podcasts
  • Twitter
  • Instagram
  • Youtube

I can send the list to PM or email upon request. The main goal is to arrange publication and negotiate pricing.

Please send me a PM with information if you have relevant experience and we will negotiate the terms.

Bitgesell project: https://bitcointalk.org/index.php?topic=5238559

Looking forward to hearing from you!
4  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue on: April 07, 2020, 10:22:25 AM
Bitgesell (BGL)

This project is called in the honour of Silvio Gesell.
He created monetary units that were losing their nominal value over time (demurrage) and combined with currency emission this would result in people spending them quicker and incentivizing economic activity. He called this as a term "freigeld". Modern monetary policy that includes planned inflation as depreciation is influenced by the ideas of Silveio Gesell as well.

This project have combined the concept of "freigeld" and gold as traditional store of value and demurrage works in reverse (not the way it was used for currency but for gold) adding more properties of digital gold through gradually increasing scarcity over time. Could you imagine gold which volume in existence is gradually decreasing over time?

One of the essential functions of money is that it constitutes a means for saving and securing the fortune of people, since it guarantees immediate cash flow. In the pre-banking era, the house or the ground served as a safe where they kept and hid their small or large savings and hoards, both during wars, enemy raids and natural disasters as well as during peaceful times. The private banks and those operating inside sanctuaries in the ancient Greek Roman world are the forerunners of the banking system that was organized and developed in the late Medieval period and in Modern times into the banks of the mercantile societies of Venice, Genoa and the Netherlands. Cryptocurrency is new generation type of organization for solving this issue. Bitgesell - Future of Bitcoin and True store of value.

Code is widely based on bitcoin code, so it is stable and reliable.
Blockchain started 04/04/2020.

Website: https://Bitgesell.ca (https://BGLcore.org)

https://coinmarketcap.com/currencies/bitgesell/
https://crypto.com/price/bitgesell

DEXes:
Bridge for transferring BGL <-> WBGL on Eth/BSC
https://bglswap.com

Wrapped BGL (WBGL) on Ethereum blockchain:
https://etherscan.io/token/0x2bA64EFB7A4Ec8983E22A49c81fa216AC33f383A
Wrapped BGL (WBGL) on BSC blockchain:
https://bscscan.com/token/0x2bA64EFB7A4Ec8983E22A49c81fa216AC33f383A
rules and custodian addresses described in this post https://bitcointalk.org/index.php?topic=5238559.msg56786603#msg56786603

The contracts were audited by CertiK, you can find report here: https://bitgesell.ca/docs/Certik-WBGL-Report-22_04_2021.pdf


Specifications

Essentially this is a full bitcoin fork, but:
Block Reward = nFees*0.1 + GetBlockSubsidy()    // Burn rate is 90% of tx fees (https://www.blockchain.com/charts/transaction-fees)
Block Weight <= 400,000;                                     // 10 times smaller than bitcoin
100% Segwit                                                          // Eliminates problems with legacy types of transactions
Halving Interval = 210000 blocks / 4;                    // Halving is every year (bitcoin halving is every 4 years)
Block Subsidy = 50 * 4;                                         // 21 000 000 coins max
Hashing algorithm for blocks is Keccak (sha-3).

https://github.com/BitgesellOfficial/bitgesell

Documentation resource: https://bitgesell-docs.netlify.app

Take part and join #realstoreofvalue #thehardestmoney community:
https://discord.gg/ceEqhxchzN
https://t.me/bitgesellofficial
https://twitter.com/bit_gesell

Official Wallet software:
    • https://bglwallet.io
      Lightweight cross-platform serverless wallet (no installation required and securely stores information) for:
          - Web version;
          - WebExtensions (Chrome Extension);
          - Android app in Google Play and APK;
          - Linux app in Snap Store, AppImage, deb;
          - Windows app and portable version.
          (developer bonus wallet: bgl1qx4yjdtqvz5wczemcvz6nwlaewyyv629eglyem3)
    • https://bitgesell.ca/downloads/
      Official wallet and node software for most popular operating systems
    • https://bglrpc.com
      Web wallet and BGL RPC endpoint
    • Metamask Flask Plugin
      https://snap.bglnode.online/
      Allows to have and manage BGL native address that is bound to your Metamask seed phrase seamlessly

    Block explorer:

    Projects using BGL/WBGL:

    Borrow/lending platforms:

    Testnet:

    Mining Pools:

    Software:

    About project in media:

    Videos:
    Explainer video from Professor Crypto - https://www.youtube.com/watch?v=RTIR89HMH_U
    Professor Crypto - https://www.youtube.com/watch?v=8ZI0CvhgOyc
    Bitcoin for Beginners - https://youtu.be/QkUGIxjdjaA
    The right traders - https://www.youtube.com/watch?v=ZzjhstNSi50
    https://www.youtube.com/watch?v=FzsRCH8JDEM


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