BiblePay - New Coin Launch - Official Thread

[seasonw]

Sir, I am computer savvy but not an asset to crypto coding.  I have a strong background in communication.  I look to help people, and that is why I continue to speak to you.  It is one of my gifts and it is my gift to this coin.  I would rather shoulder the burden of difficult users and allow the Dev to do his work coding.  I believe in this coin, so I do what I can to help it, but I didn't know the Dev prior to this coin.  

Please re-read your Bible, see that doing good in the name of Jesus is Biblical.  See that the Bible has numerous examples of unnamed persons doing good in God's name.  But also of Jesus reaching out to difficult and outcast people, so that is why I continue to try and help you.

If you are anywhere near Illinois, you're welcome to come visit my house, see my computers and determine if I'm a shell account for the Dev or not.

Finally, do not consider small crypto as an investment.  If you are or are not truly a Christian (which is not for me, nor anyone short of God to judge) and need more information to invest, then don't consider this coin.  It is not at the investment level regardless of faith.  When a coin hits the levels DASH has, Masternodes may be part of business investment plans, but that is up to them to do their due diligence and ask questions.  At this level, the bake sale level in my analogy, no one should be "investing".  We can gather around a mutual hobby, crypto, and one that has charity at it's heart.  If you don't wish to be a part of it, you are not forced to be.  You sit back and allow the outright blasphemy that is the JesusCoin (the mote) to exist and attack this one (the splinter, if even that), but you have made your concerns and no one seems to share them.

just post up an investment page and stop wheezling around with paragraphs of excuses and disclaimers lol

Investment page for masternode? Then you must be FUD here... Because there is NO MASTERNODE for biblepay at the moment yet, so how to tell the ROI?

And most importantly, total BBP required to setup a masternode not even finalized yet if I'm not mistaken (1.1m or 1.5m or others)... So, what do you want to see in investment page? A statement said "Under construction"?

Rob, I suggest you might want to consider re-creating announcement page by using self-moderated feature... There are too much unnecessary FUD in bitcointalk, I see a lot of coins changed thread to self-moderated topic.

[NWFMM]

Can someone explain why Biblepay was created if its just a clone of Dash? I cant see any significant advantages over existing solutions

seems a simple solution would be to create a donation based Dash project

or am i wrong?

I would like to thank that people who had the sanity to realize the potential of this project. Why not give kids hope. If hope. what else do thay have. And If It Fails I will Take This On As a personal project. (Harry V. Adkins). of just search.

[coinpimp321]

Just so people here can see im not bitching and whining for nothing.

Pyramidal / ponzi schemes are EASY TO DO with alt coins

this is from the dash developer site

https://dashpay.atlassian.net/wiki/spaces/DOC/pages/102596628/Ponzi+Pyramid+Scheme+Scam+Warning

masternodes are ponzi scheme invention

I strongly suggest everyone here read this page for their own financial wisdom.

Spotting a pyramid scheme

Watch out for the following warning signs of a pyramid scheme:

To make money you will be required to sign up other people

The scheme involves selling goods and services of little value, for example, goods that serve to promote the scheme such as information booklets

There will be an upfront joining fee or large initial investment

You’re asked to sell goods or services through franchisees or sub-distributors

If something looks too good to be true it may be a scam. If you suspect something is a scam avoid it and report to to the appropriate authorities.

[coinpimp321]

taken from

https://dashpay.atlassian.net/wiki/spaces/DOC/pages/102596628/Ponzi+Pyramid+Scheme+Scam+Warning

Be aware - Ponzi Warning - Altcoin Examples :

http://behindmlm.com

OneCoin
http://themerkle.com/dr-ruja-flees-sinking-ship-as-regulators-crack-down-on-onecoin/
http://siliconangle.com/blog/2016/09/29/dodgy-cryptocurrency-onecoin-under-police-investigation-accused-of-being-a-ponzi-scheme/
https://cointelegraph.com/news/one-coin-much-scam-onecoin-exposed-as-global-mlm-ponzi-scheme
http://www.makemoneyexpert.com/online/network-marketing/reviews/onecoin/
https://pageone.ng/2016/11/05/beware-onecoin-ponzi-scheme/

SwissCoin
http://behindmlm.com/mlm-reviews/swisscoin-review-25-to-15000-eur-ponzi-points-investment/
http://ethanvanderbuilt.com/2017/01/26/swisscoin-scam-warning/
https://news.bitcoin.com/dissecting-swisscoin-cryptocurrency-ponzi-horizon/

Billion Coin :
https://steemit.com/news/@rahmat/review-the-billion-coin-ponzi-scheme
https://coins.newbium.com/post/728-scam-alert-the-billion-coins-scam-ponzi-scheme
https://bitcointalk.org/index.php?topic=1592288.0

Sustaincoin https://sustaincoin dot com/


"Claims to have Proof of Matrix that 'generates Bitcoins'"
http://www.scamvoid.com/check/sustaincoin.com


E-Dinar
http://behindmlm.com/mlm-reviews/e-dinar-review-edr-unit-ponzi-points-cryptocurrency/
https://www.scam.com/showthread.php?714218-E-dinar-coin
https://bitcointalk.org/index.php?topic=1569896.0

DasCoin
http://behindmlm.com/mlm-reviews/coin-leaders-review-dascoin-is-a-onecoin-ponzi-points-clone/
https://bitcointalk.org/index.php?topic=1636850.0




HASHOCEAN
http://themerkle.com/bitcoin-scam-risk-warning-hashocean/

CRYPTODOUBLE
http://themerkle.com/bitcoin-hyip-ponzi-scheme-alert-coindouble/

and many others - be aware !!

[coinpimp321]

Finally, do not consider small crypto as an investment.  If you are or are not truly a Christian (which is not for me, nor anyone short of God to judge) and need more information to invest, then don't consider this coin.  It is not at the investment level regardless of faith.  When a coin hits the levels DASH has, Masternodes may be part of business investment plans, but that is up to them to do their due diligence and ask questions.  At this level, the bake sale level in my analogy, no one should be "investing".  We can gather around a mutual hobby, crypto, and one that has charity at it's heart.  If you don't wish to be a part of it, you are not forced to be.  You sit back and allow the outright blasphemy that is the JesusCoin (the mote) to exist and attack this one (the splinter, if even that), but you have made your concerns and no one seems to share them.

So why exactly are masternodes being sold now then? what is the reason? Lets look at the dash website on masternodes

http://dashmasternode.org/

Masternodes primary function is to relay transactions across the DASH network. Additionally they carry out the anonymization of funds (PrivateSend) and enable double-spend-proof transactions through instant lockdowns (InstantSend). Another major feature is Decentralized Governance by Blockchain enabling Dash to fund budget proposals and finance its own development. In the future even more valuable services will be performed by the Masternode network.

Now can you tell me that why a project that has no active users, worth less than 1/100th of a penny, and is so new would have a need for all these features? Let's be real. its like saying you need to install a super expensive security system to a playhouse.

The fact is, its a product being sold by early miners (mostly Dev team in my estimation) to new comers to make BANK. Its the only way to quickly raise money and get a happy xmas for all.

People have to ask themselves exactly what they will do with these 'interest generating biblepay masternodes'. What will you do with a biblepay coin in the future? What can it buy?
 what will it be worth? Is that the reason you want to invest in something that gives you kick back?

If you want to help kids, Dash with donations can fit the bill easily

Myself, just stick with a proven technology that has a need for a masternode. Or at least see how thing play out for at least 6 months before making a move.

again not investment advice, then again the 'investment' word will never be uttered again on here by the team as it was in the past before i asked for accountability

[coinpimp321]

Masternodes - what are the tax/legal implications to the owner/investor?

Be sure you read up on what this 'Masternode' scheme is. rememeber when you mine, spend, receive cryptos you are entering into situations with bigger legal/tax questions

taken from:

https://www.dashcentral.org/p/legal-201609


Knowing support exists to fund these legal costs, we have proceeded to obtain formal quotes for portions of the work. The first set of question we would like to address consists of the following questions on masternode investing and liabilities:

1) Legal opinion on the treatment of masternode block rewards under the Internal Revenue Code
  a. Whether they are treated similarly to mining rewards, interest, or other tax treatment
  b. Tax treatment of the initial collateral “investment”​

2) Liability of masternode owners for the transactions they facilitate
  a. Whether masternode owners may be responsible for criminal activities connected with transactions they facilitate 
  b. If so, under what circumstances
  c. Whether participation in “mixing” services might give rise to criminal liability
  d. If so, under what circumstances​

3) Liability of exchanges that support Dash transactions and guidelines on meeting existing compliance
  a. Whether an exchange might be held liable for criminal activity associated with PrivateSend transactions​

[coinpimp321]

@'Rob'

you mentioned earlier that you are here to protect the investor.

could you offer some thoughts on the tax/legal implications of running a masternode are?

those are very important considerations for everyone to know

oh, idea!

Why dont we have a group skype video call? we can finally meet you and disuss these things openly?

[coinpimp321]

Investment page for masternode? Then you must be FUD here... Because there is NO MASTERNODE for biblepay at the moment yet, so how to tell the ROI?

You must be new here

ROI has been posted here

http://pool.biblepay.org/docs/roi.htm

[sharpshot]

I think masternodes are great.  Anyone can lookup all the coins with masternodes and see how well they have worked for many of them.  And if buying the masternodes pushes the price of the coin up, that benefits everyone that holds it.  Those that can't afford it will be able to make money just mining BiblrPay on their old computers.  At the moment, most people that can't afford a bunch of graphics cards or an ASIC can't make much mining.  A few dollars a month might not be much to many of us but it could make a huge difference in some countries.

[coinpimp321]

I think masternodes are great.  Anyone can lookup all the coins with masternodes and see how well they have worked for many of them.  And if buying the masternodes pushes the price of the coin up, that benefits everyone that holds it.  Those that can't afford it will be able to make money just mining BiblrPay on their old computers.  At the moment, most people that can't afford a bunch of graphics cards or an ASIC can't make much mining.  A few dollars a month might not be much to many of us but it could make a huge difference in some countries.

these are noble thoughts. the reality is that at present

1. biblepay is traded on one exchange and isnt finding luck at others
2. you cant just sell 1 biblepay. you need to sell minimum 1000 biblepay for btc at that exchange
3. to get out your btc at that exchange, you need to sell 20,000 biblepay. and thats the fee they take!! $14 to get even one satoshi out to your own wallet

so:

you need to mine minimum 20,000 biblepay coins to finally sell 1 biblepay coin for 0.0009 usd.

there is exactly ZERO way a developing country person can make 'a couple dollars a month' mining and selling biblepay. 20,000 coins in a month and then you get 0.0009 cents?? no way you are making 'couple of bucks a month'

everything im telling you is absolutely true and you can do your own research at the exchange!


there is a flaw in the biblepay hash algo. it should cap out heavy miners. equal and constant shares should be the goal. that way this mess wouldnt exist in the first place
 
the only ones making a profit here are the early heavy hash miners. bibleponzi should be the name of this coin

[sharpshot]

I really don't think capping miners would work because that would probably kill the coin off.  This is very early days with this coin, if the price goes up and it's listed on other exchanges, then small miners should be able to make money.  I fail to see how twisting most of the facts helps that happen?

[coinpimp321]

I really don't think capping miners would work because that would probably kill the coin off.  This is very early days with this coin, if the price goes up and it's listed on other exchanges, then small miners should be able to make money.  I fail to see how twisting most of the facts helps that happen?

what you fail to see is why a ponzi scheme as you just described should even be allowed to happen. especially using the Holy Bible as its selling point

capping miners would ensure very low and realistic coin supply. Biblepay already has 239 million coins LOL. Dash, which this coin is based on, has 7 million with max of 18 million. and its several years old

one has to ask why the need for 10x coins barely within 4 months of its existence? answer. because its the only way you can turn a buck off a 10 satoshi token. High volume is the only way to turn a profit here.

i understand some are here for the money and some are here for the Bible. The project teaml must pick what is more important as its core value. Integrity or quick bucks

[slovakia]

coinpimp321 stop trolling=spamming=crying or will be ban on your IP   no one is curious about your spills

[sharpshot]

Dash is currently priced at $342.32 for one coin. All having 10x the coins does is move the decimal point to the left.  I think that's good, not bad.

[seasonw]

Investment page for masternode? Then you must be FUD here... Because there is NO MASTERNODE for biblepay at the moment yet, so how to tell the ROI?

You must be new here

ROI has been posted here

http://pool.biblepay.org/docs/roi.htm

Please read carefully, that is just an estimated ROI with projected price, not a real ROI, because there is no masternode yet.

And please read back all comments from 100 over pages in this thread and you will know who is new here. Do some homework before posting comments...

[DeItaNights]

nice! want i hadnt utilized my Glowing blue free trial... would like to see what new Xeons can perform.

[bible_pay]

Can someone explain why Biblepay was created if its just a clone of Dash? I cant see any significant advantages over existing solutions

seems a simple solution would be to create a donation based Dash project

or am i wrong?

I would like to thank that people who had the sanity to realize the potential of this project. Why not give kids hope. If hope. what else do thay have. And If It Fails I will Take This On As a personal project. (Harry V. Adkins). of just search.

Right.  "And he said unto him, If they hear not Moses and the prophets, neither will they be persuaded, though one rose from the dead." 

Its obvious to the intelligent folk what we are doing here, its primarily to help orphans in the end, but much more than required to make it sustainable.

The ideas about adding VAR to the coin to be a top 50 coin is to help orphans in the end.  Adding enough VAR to the coin to get there requires perspiration.  And obviously, we would not be a clone of any codebase at that point, we would have coins cloning Biblepay.

If you dont know what I mean by adding VAR: It means adding a novel feature or business process that has household utility and merging it into biblepay.  It means that whatever that is ends up sticking and people like it.  That propels us into the top 100.  I dont want to be known as a "masternode clone" or a clone of dash.  I thank Dash for what theyve done and we give Dash credit for the governance system, the budgets and the superblocks.  Now its our turn to add something back in for the community to share.

[bible_pay]

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Sorry for the confusion,
Lead Dev

[maguilla7]

Hi , im from Brazil and i can not verify my cell number. someone can give me some BBP  ?


BJqUAoGJ2ohVJYsnhfQBUyhfjwDq8FGjNS

[sunk818]

Hi , im from Brazil and i can not verify my cell number. someone can give me some BBP  ?

BJqUAoGJ2ohVJYsnhfQBUyhfjwDq8FGjNS

You can e-mail lead dev (rob at biblepay dot org) - he runs the pool where you saw pool faucet.