Amazing work on the decentralized videos, Rob!

I would try to find junk by keyword search, for example, I would delete the 40 pages of videos which appear if you search for the word "lyrics".

Thanks for considering, I hope others will consider too. There is no babysitting or spending any more time compared to selling directly into a buy order. You just put up a sell order and leave the website, it's the same amount of time. After a few days or weeks, if you want to sell more, you just withdraw the BTC from the previous sell order, if it was filled. If not, then next time. So if you are concerned about time, timewise it's the same, the only difference is that you don't get the BTC immediately, but I believe you are well off and not desperate to liquidate BBP.

Also, as a bonus for making a sell order, you will get more BTC compared to selling into a buy order. And not just by price difference, but also fee difference. When you make a sell order, SX takes a 0.1% fee, but when you take a buy order, the fee is 0.3%. https://www.southxchange.com/Home/Fees


https://www.southxchange.com/Home/Wallets (the link is in the footer)

So if I understand correctly, you have taken a buy order from the market? By removing a buy order you have decreased liquidity and health of the coin. Why? I can understand the holiday gifts is an exception because you needed it in time for the holidays, but for other purposes, can't you just make a sell order in advance, before you need to pay something in dollars?


Price is not so important if it's greater than zero. But if it's zero, there is no price, therefore you can't turn BBP to USD to be able to help the poor. So it's not true that we are helping the poor whether BiblePay exists or not.

Since 2017 to today, I had sold only about 2 million BBP on the exchanges, and that was always by making a sell order! So I am constantly struggling to understand who is selling BBP so much, and more importantly, why do they take the buy orders instead of just making a sell order?

And then there are those "666" and other autosell bots, which I also find extraordinary because I calculated that millions of BBP were used for selling in those programmed intervals, so the "opposed individuals" own a big amount of BBP, which begs the question why are they so determined to lower the price of BiblePay.

I presume long-term loyal members such as miners or sanctuary owners would not crash their own holdings by taking the buy orders, especially because they are not in a rush to sell. What is left are profit takers, so are there many of them in the silence? Afterall the price is for the good part the result of the mining profitability, so the miners could even be making money with BBP at 1 satoshi. In that case, I think this is an issue we need to look into, to improve the economic model of mining.

I am aware of the DIP3 upgrade procedure. I read every post carefully, I think it's not time for classic sanctuaries to stop working yet, take a look at this:


So I expected a mandatory release for classic sanctuaries to be deprecated.

But the most important point of my post is that something is wrong with governance right now, which doesn't have anything to do with my sanctuaries being classic or DIP3.

I am reporting three things I've found regarding the recent DM change.

1. I still have classic sanctuaries and the tabs for them disappeared in my wallet and I didn't upgrade the wallet or anything, I am on 1.4.5.3. Now only the DIP3 tab is there.

2. My sanctuaries crashed and after I restarted them, they are now stuck on this error: Waiting for ProTx to appear on-chain

3. The wallet now finishes the governance objects sync 10x faster than it used to and then when I type "exec health", I get "Our internal PAM hash disagrees with the network."

Agreed. And yes, with a one-in-a-billion developer like you, it's much better to develop an amazing use case, because with you it's possible, unlike with other copycat coins.

Exactly. Charity is the simplest feature for newcomers to wrap their head around, unlike other features we have.


I don't see a reason not to keep all existing features, which would just work in the background for the non-technical eyes.


I don't know, but to clarify from my previous post, I am not in favor of going away from the religious aspect, I just don't like the "pay" part; "Bible" is completely fine, especially because of the bible integration in the algorithm. And more importantly, it's not so much about the exact name, but about our message.

Charity appeals to a much wider audience and it is not emphasized enough in BiblePay. Many don't know at all that BiblePay gave $200k to children.


BiblePay is already one of the coins with the most active development, it's not an aspect which has a tremendous room to grow, unlike the other things which are being discussed.

First thing that comes to mind is helping the children. We were off to a great start with the charity aspect, but over time it is slowly fading away, probably because of the price? For the deathbed reasoning, I think it's more important to focus on thinking how to improve the charity aspect of the system and how to help them even more, especially using BBP coins directly, rather than to focus on technicalities regarding mining and such.

And I am *for* rebranding to a more charity oriented name, especially losing the "Pay" part in the name, because it looks like some sort of a commercial for-profit payment service because of that, like PayPal. Also it doesn't go very well with "Bible", as we've seen many times by the reactions of people who stumble upon it.

No because it's not needed currently, BiblePay is one of the fastest syncing coins, IIRC it'll only take you 10 minutes or so. So feel free to just download the wallet from biblepay.org and run it.

I stumbled upon this announcement on SouthXchange:

"On November 20th, Nosturis (NTRS) will reduce its supply in 1:1000. For example, if you have 10000 NTRS you will end up with 10 NTRS."

Which really got me thinking... I know that in theory the supply is irrelevant to the price (i.e. market cap), but when we're this close to 1 satoshi (2 right now), it could mean life or death. Take a look at the mentioned coin's order book:

https://www.southxchange.com/Market/Book/NTRS/BTC

No buy orders, just a lot of sell orders for 1 satoshi...

I wonder what will happen when the supply reduction comes into effect, I will certainly follow it so we can understand the market response. I think after the supply reduction the volume will be increased manyfold, but the price for this coin will obviously go down: 1 satoshi will become 1000 satoshi, and from there the orders will go to 900 and something and so on. Because right now the coin is obviously valued at <1 satoshi. So after the supply reduction, it will be <1000 satoshi, but how much, we will see.

However, I don't think that the outcome from Nosturis will apply to BiblePay, because we shouldn't have this drawback of price reduction, unlike Nosturis which has hit the bottom - the market pressure is for a price less than 1 satoshi. The problem with BiblePay is actually with the value not being precise enough, because there is a hard limit, which is the smallest unit - satoshi. Right now BBP is valued at either 2 or 3 satoshi, which is a massive difference - 50%! That also means a massive gap between sell and buy orders, which is not natural. It's as if Bitcoin would have buy orders for $10.000 and sell orders for $15.000, that's how big the gap is and how imprecise BBP's value is.

The real value now is actually somewhere in between 2 and 3 satoshi, let's say 2.8 satoshi, but the problem is that exchanges don't allow decimal satoshis. So even if we reduced the supply just by 10 instead of 1000, we would have a much more precise value, because 2 and 3 satoshi would become 20 and 30 satoshi, so we would have a definitive price of let's say 28 satoshi. So compared to this Nosturis coin, BiblePay shouldn't lose value, instead it should just gain a more precise value.

It's important to note that this change should make everyone's wallet just move the decimal point to the left, not to retain the same number while the future emission drops, that would not be fair. This change actually isn't supposed to alter anything in the emission rate or the current and future supply, it is supposed to simply move the decimal point to the left for everyone with a mandatory update. This should only have a benefit of having a much better order book on the exchanges and potentially more volume. Another added benefit is not failing if we reach 1 satoshi.

I see only advantages, is there a potential drawback I am missing? What does the community think about doing this decimal point move for BiblePay? If yes, how many decimals, 1, 2, 3?

Amazing work, sunk818! This is what we've been missing for a long time. Very useful for newcomers. I'll try to write a few explanations for the missing terms.

Maybe not so "haha" for me, this is a screenshot from my CoinsMarkets account which I took when the website was barely working, but wouldn't allow withdrawals:



And that was January 6th 2018, when BTC was around $17,000. But you're right to laugh it off and move on.

By the way, I hope you all looked at the Trust summary page of the Needycoin account:

https://bitcointalk.org/index.php?action=trust;u=2687874

Crex has relatively low volume ($1 million) and it's mostly from unknown coins. Coinsbit seems huge ($400 million, #38), I just created an account from a US VPN and depositing and trading works, but for withdrawal, somebody needs to test uploading a US document for verification, to double check if it's allowed or not.

And I was surprised, BBP is already listed on their fees page:
https://coinsbit.io/fee-schedule

Also we're on the deposit page, but the buttons are greyed out:


0.5 BTC is too good of a deal not to try and check if it can be used from the USA.


Stex will require KYC verification for all accounts starting on January 1st 2020:



Meaning we need to also double check if they accept US documents.

Just wanted to express my gratitude to sunk818 for all the informative blog articles! Awesome community spirit.

And thank you Rob of course for the amazing perseverance and coding talent.

It was moved to another repository: https://github.com/biblepay/biblepay-evolution

Noko proves my point from earlier: I strongly believe we should use the original repository and now merge the new commits to it. Many users and particularly tracker websites are following the original repository, so BiblePay is falling down in their algorithmic rankings, due to perceived stopped development.

323 million today!

https://coinmarketcap.com/currencies/biblepay/

Our volume for the last 24 hours is $125,000, which is an all-time high! Amazing accomplishment everyone!