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Author Topic: BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes)  (Read 241776 times)
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cryptocadxyz
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March 16, 2018, 06:31:35 AM
 #5081

Currently, what calculation are we using to determine 100% UTXO Percentage? I've read conflicting things.
Is it still 50,001 BBP, or is it 500BBP/Mag?

I'm a bit confused by the different info floating around.
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March 16, 2018, 06:35:08 AM
 #5082

Currently, what calculation are we using to determine 100% UTXO Percentage? I've read conflicting things.
Is it still 50,001 BBP, or is it 500BBP/Mag?

I'm a bit confused by the different info floating around.

I think it's 500 BBP/mag WHEN the majority of masternodes update to the latest version. So I'm not sure if that has happened yet, but the update is mandatory in a couple of hundred blocks, so then it is for sure 500bbp/mag
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March 16, 2018, 08:28:42 AM
Last edit: March 16, 2018, 08:51:48 AM by dave_bbp
 #5083

Hey guys,

I just had an idea how to potentially raise the value of BBP. Maybe it's too early or too tricky to implement right now, but here it is:

Over the last couple of days our team quickly ploughed through the Rosetta teams and it won't be long until we are the number one team there. Maybe in the not so far future we will even provide the supermajority of the hash power for Rosetta@home.
Researchers are used to pay quite a lot of money for computational ressources (I know that because our research group does...). I don't know how it works for the groups using the Rosetta hash power (or BOINC in general), but how about (once we have a majority) we somehow "charge" small sums for our hash power?
Here's how this could work: a research team rents (maybe monthly or biannually) a certain, guaranteed amount of computational ressources from rosetta@home. It does so by buying BBP on an exchange and immediately burning those coins. This way we could 1) increase the knowledge about BBP, 2) increase the inherent value of the coin. The best "side effect" would be that every time this happens the funded children will get more (FIAT) money and it should in general be easier for Rob to obtain the dollars necessary for funding (since there will from time to time be larger sums in the bid).

I'm not sure if this is even possible to get working, of course the charged sums also should'nt really be high, but this just came to my mind. Wink

What do you all think about this?
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March 16, 2018, 09:27:56 AM
 #5084

Hey guys,

I just had an idea how to potentially raise the value of BBP. Maybe it's too early or too tricky to implement right now, but here it is:

Over the last couple of days our team quickly ploughed through the Rosetta teams and it won't be long until we are the number one team there. Maybe in the not so far future we will even provide the supermajority of the hash power for Rosetta@home.
Researchers are used to pay quite a lot of money for computational ressources (I know that because our research group does...). I don't know how it works for the groups using the Rosetta hash power (or BOINC in general), but how about (once we have a majority) we somehow "charge" small sums for our hash power?
Here's how this could work: a research team rents (maybe monthly or biannually) a certain, guaranteed amount of computational ressources from rosetta@home. It does so by buying BBP on an exchange and immediately burning those coins. This way we could 1) increase the knowledge about BBP, 2) increase the inherent value of the coin. The best "side effect" would be that every time this happens the funded children will get more (FIAT) money and it should in general be easier for Rob to obtain the dollars necessary for funding (since there will from time to time be larger sums in the bid).

I'm not sure if this is even possible to get working, of course the charged sums also should'nt really be high, but this just came to my mind. Wink

What do you all think about this?

The first two things that came into my mind when reading this were:

1. Biblepay is a project with a religious connotation, and I don't know if research groups would want to publicly attach themselves to a project like ours by buying our coins (because I assume they want to keep things like politics and religion separate from their - public - work).
2. Isn't the computational power we give to Rosetta@home really specific, in the sense that we are using algorithms that can't be applied in general computing applications?

🕇 BiblePay (BBP) | Reddit - Twitter - Forum - Discord | SouthXchange | Love one another, be a good Samaritan, help those in distress and spread the gospel 🕇
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March 16, 2018, 12:07:54 PM
 #5085

The first two things that came into my mind when reading this were:

1. Biblepay is a project with a religious connotation, and I don't know if research groups would want to publicly attach themselves to a project like ours by buying our coins (because I assume they want to keep things like politics and religion separate from their - public - work).
2. Isn't the computational power we give to Rosetta@home really specific, in the sense that we are using algorithms that can't be applied in general computing applications?

1. Ah yes, I know what you mean and I think you're right about that. Paying - even small amounts - of money to a somewhat religious organisation would definitely raise questions and for some might even be impossible. This could indeed be the major problem.
2. I'm not quite sure what you mean by that. I don't think that the Rosetta packages we solve differ in any aspect from any other Rosetta packages being solved.
In the end maybe we wouldn't even have to limit ourselves to Rosetta if there are other good projects dedicated to healing etc.
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March 16, 2018, 12:30:42 PM
 #5086

yeah but, everybody who was reading c-cex thred knows, that there is strong xvg holders group against c-cex. and they plan to do steps agains c-cex. so if i were aware of going maintenance early, i could  withdraw everything... when we turned to maintenance mode i still had 2 options, sell all bbp for low price and withdraw something else or wait... i was waiting because i just have enough for masternode... so now i must hope that ccex will goes up just to withdraw coins or so... but as we are still in maintenance i realy dont know ...
nevermind, going to mine harder than before Cheesy

I just read the rest of that train wreck thread on XVG-

https://bitcointalk.org/index.php?topic=418700.3720

Or at least pages 160-187 (where I left off last) and I must say its painful to read it.

Im sorry we have BBP caught up in the middle of this.  Lets pray our users can get it all out and they come back out of maintenance.

I hate to say it, but Im also having thoughts that we really need to jump on a couple new high quality exchanges as we need more reliability and integrity.




Hi Rob,
Have we tried poloniex yet?

https://poloniex.com/coinRequest
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March 16, 2018, 01:23:16 PM
 #5087

The hash rate is arround 110 Hash/s and the amount in the pool something between 0.6 and 1 BBP.
What do you mean by 0.6 to 1 BBP? What is the timeframe? do you mean 1 BBP per hour?
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March 16, 2018, 01:45:16 PM
 #5088

Currently, what calculation are we using to determine 100% UTXO Percentage? I've read conflicting things.
Is it still 50,001 BBP, or is it 500BBP/Mag?

I'm a bit confused by the different info floating around.

I think it's 500 BBP/mag WHEN the majority of masternodes update to the latest version. So I'm not sure if that has happened yet, but the update is mandatory in a couple of hundred blocks, so then it is for sure 500bbp/mag
This is the correct info; The state of the network has a temporary network setting of "500 bbp per magnitude" and it is now propagated to the supermajority - I see 67% of the network is using it.  Note that after block 35100, 100% will be forced to use it (as the cutover block enforces the variable network setting).

The current network does support BBP per RAC, but we are waiting for the poll outcome before the network setting can be changed.


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🕇 A Christian cryptocurrency | Supporting orphans through a decentralized autonomous charity 🕇
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March 16, 2018, 01:53:11 PM
 #5089

The current network does support BBP per RAC, but we are waiting for the poll outcome before the network setting can be changed.

Will the staking amount be weighted, this is, if someone has only 50% of the BBP (whether it is by Mag. or RAC) he will get 50% reward, or is it on an all-or-nothing basis?
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March 16, 2018, 02:22:06 PM
 #5090

The current network does support BBP per RAC, but we are waiting for the poll outcome before the network setting can be changed.

Will the staking amount be weighted, this is, if someone has only 50% of the BBP (whether it is by Mag. or RAC) he will get 50% reward, or is it on an all-or-nothing basis?

Good question!  Yes its weighted, we will need to modify that weight breaks UTXO chart to reflect this:

First the sanctuary calculates a percentage of UTXOWeight/RequiredUTXOWeight (For example, 20,000 Received vs 30,000 Required) = 66.7% achieved.

Then it rounds up to the nearest 10% level (IE 70%).  Then it uses that system wide (this is so the sanctuaries have an easy time coming to consensus).

Note that a special rule exists for people with less than 5% UTXO - they are assessed at 0%.  So 0-4%= 0%, 5-10% = 10%.


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🕇 A Christian cryptocurrency | Supporting orphans through a decentralized autonomous charity 🕇
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March 16, 2018, 03:32:47 PM
 #5091

Biblepay - 1.1.1.1
Mandatory Upgrade before block 35110
(for entire network)
Exchange Release Candidate


- Headless PODC Password support:
  ./biblepay-cli -headlesspodcpassword exec podcpasswordlength
  (Enter password on next line).
- Added icon in QT for PODC Association, and icon for PODC Update
- Prevent wallet from spending Sanctuary collateral during PODC Update
- Add support for Required Stake-Per-RAC pending poll outcome

How to Update Wallets:
https://www.reddit.com/r/BiblePay/comments/7nmvm8/how_to_update_clean_wallets/

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March 16, 2018, 06:01:11 PM
 #5092

Just a Heads up guys, we are probably less than 2 weeks away from next superblock for Proposals!
(especially if 10 minute block time changes to 7 minutes)

If anyone wants to get paid for any work for BiblePay, please create a Proposal!

=====

How do I create a Proposal?
http://wiki.biblepay.org/Create_Sanctuary_2#SUBMIT_PROPOSAL

Do you have examples of past Proposals?
January/February: https://www.reddit.com/r/BiblePay/comments/7y4jw2/januaryfebruary_2018_proposal_summary/
December: https://www.reddit.com/r/BiblePay/comments/7mbeqf/december_2017_proposal_summary/

What kind of work could I do for BiblePay?
https://www.reddit.com/r/BiblePay/comments/7v0pxz/todo_list/
https://www.reddit.com/r/BiblePay/comments/7vtewk/proposals_of_other_masternode_coins/
(If you have any ideas please add them!)

=====

How many coins are in this months budget? ***Over 15 Million BBP!***

getgovernanceinfo
nextbudget: 15,375,000
nextsuperblock: 36900

I assume half will go to Compassion, that still leaves 7.5 million and only about 2 million are requested so far!

======

Understanding the Governance and Budget System
https://dashpay.atlassian.net/wiki/spaces/DOC/pages/8585240/Understanding+the+Governance+and+Budget+System

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March 16, 2018, 06:08:43 PM
 #5093

Evolution Demo #1 - The First Dash DAP
https://www.youtube.com/watch?v=gbjYhZT2Ulc

Interesting, sounds like Dash patented Evolution, and this is their first demo
https://www.dashforcenews.com/dash-core-files-defensive-patents-for-evolution-platform-releases-demo-ahead-of-late-2018-release/

Dash Evolution: https://www.dash.org/evolution/
Roadmap: https://github.com/dashpay/dash-roadmap/blob/master/README.md
Wiki: https://dashpay.atlassian.net/wiki/spaces/DOC/pages/39583757/Evolution

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March 16, 2018, 08:22:09 PM
 #5094



Biblepay Development team still looking for Blockchain Devs, please send an e-mail to contact@biblepay.org if you are a bona-fide blockchain dev with github commits and are interested in helping to extend God's Kingdom through the blockchain.


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🕇 A Christian cryptocurrency | Supporting orphans through a decentralized autonomous charity 🕇
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March 16, 2018, 09:49:17 PM
 #5095

April from BLOOM just got back from Sierra Leone Africa mission trip and part of her objective was to integrate the new BiblePay BLOOM orphans, and check out these amazing pictures she brought back:







https://biblepaysponsorkids.tumblr.com/post/171897500699/thank-you-bible-pay-the-children-in-uganda-have

https://biblepaysponsorkids.tumblr.com/post/171897500699/thank-you-bible-pay-the-children-have-been/embed


Bloom Newsletter Africa:
https://pool.biblepay.org/SAN/Mission/BloomNewsletter.pdf


🕇 BiblePay 🕇
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🕇 A Christian cryptocurrency | Supporting orphans through a decentralized autonomous charity 🕇
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March 16, 2018, 10:09:17 PM
 #5096


Thanks Togo - I enjoyed watching it.

Looks like we have plenty of integration projects for Biblepay.



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🕇 A Christian cryptocurrency | Supporting orphans through a decentralized autonomous charity 🕇
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March 16, 2018, 10:12:55 PM
 #5097

I emailed Criss Angel today and told him about Biblepay, and asked him to get saved.  I told him he can live on his PR budget for the rest of his life and spread the gospel, and give up his Vegas show.


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🕇 A Christian cryptocurrency | Supporting orphans through a decentralized autonomous charity 🕇
slovakia
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March 16, 2018, 10:25:30 PM
 #5098

who is CRISS ANGEL?
https://sk.wikipedia.org/wiki/Criss_Angel
https://en.wikipedia.org/wiki/Criss_Angel

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March 16, 2018, 10:35:07 PM
 #5099


Yes!

I'll get to Steven Seagal in a few days...


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🕇 A Christian cryptocurrency | Supporting orphans through a decentralized autonomous charity 🕇
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March 16, 2018, 10:37:30 PM
 #5100

how much % that hell response you? ... i love magics... i was think that he is satanist guy

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