BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes)

[jaapgvk]

hi folks,

there is a plan when Rob decides to leave? what will be with all things, this coin has only 1 dev?
there is a plan with PR campaign,if yes,give us any business plan,without plan its only ramble
investors will be want to know this affairs


thanks

Yes, there is a plan to have developer-redundancy. It's on the wiki:
https://wiki.biblepay.org/BiblePay_DAO

And yes, there is a plan for PR, but no, I won't reveal it at this point in time because it's preliminary as of yet. We are trying to plan a conference-call in the coming week and after that we will probably have hard deadlines that we can share with the rest of the community.

And if you think that my words are ramble, please check my history. I don't do 'ramble'.

[michelle25]

words is words: business plan is business plan:
btw more ppl asked me on telegram what is ipfs,dahf and similar things.and i dont know what is it ... and more ppl looking for ORPHANS FUND WALLET ... wheres dissapeared from explorer?

thanks

[capulo]

hmm strange volume on c-cex, there was no sell/buy orders at all but almost instantly was created volume 1.6btc... ~ 15m bbp, very strange

[daisogiaitich]

What is the minimum amount I can contribute to BiblePay? It's good to know that BiblePay helps cure disease and charity.

[zthomasz]

What is the minimum amount I can contribute to BiblePay? It's good to know that BiblePay helps cure disease and charity.

You can contribute any amount you like, here is a link to helpful info on our website:

https://www.biblepay.org/donate/

We would also appreciate your prayers ... and thanks for your contribution!

[bible_pay]

words is words: business plan is business plan:
btw more ppl asked me on telegram what is ipfs,dahf and similar things.and i dont know what is it ... and more ppl looking for ORPHANS FUND WALLET ... wheres dissapeared from explorer?

thanks

I can smell Slovakia in this post.  I think he took over another account.  

Thanks for that great post Jaap.

I updated the OP with our 2 exchange changes.

[bible_pay]

If anyone wants to help us test out IPFS, especially existing Sanc owners we can use your help:

https://forum.biblepay.org/index.php?topic=244.msg4199#msg4199

[coinsinspect]

btw more ppl asked me

Michelle ma Slovakia belle
https://www.youtube.com/watch?v=wDIEdMZpOCI

[jaapgvk]

words is words: business plan is business plan:
btw more ppl asked me on telegram what is ipfs,dahf and similar things.and i dont know what is it ... and more ppl looking for ORPHANS FUND WALLET ... wheres dissapeared from explorer?

thanks

A business plan is nothing more than words. It's about the people behind it. If you don't trust me than that is your problem.

[SVK Noko]

words is words: business plan is business plan:
btw more ppl asked me on telegram what is ipfs,dahf and similar things.and i dont know what is it ... and more ppl looking for ORPHANS FUND WALLET ... wheres dissapeared from explorer?

thanks

A business plan is nothing more than words. It's about the people behind it. If you don't trust me than that is your problem.

Jaap

This is something really true. Its about the people behind. Thats the reason why i trust in the future of bbp. Price is really not important now.

[sunk818]

words is words: business plan is business plan:
btw more ppl asked me on telegram what is ipfs,dahf and similar things.and i dont know what is it ... and more ppl looking for ORPHANS FUND WALLET ... wheres dissapeared from explorer?

thanks

hi Michelle - thanks for help on telegram.

If you go to qt wallet, you will see 10% tithe and Biblepay Foundation checkbox

YOU can send small amount like 10 bbp and see the addresses

The money in orphan get sold from bbp to btc to fiat to pay charities

You can see in accountability.biblepay.org see expense and revenue

[sunk818]

words is words: business plan is business plan:
btw more ppl asked me on telegram what is ipfs,dahf and similar things.and i dont know what is it ... and more ppl looking for ORPHANS FUND WALLET ... wheres dissapeared from explorer?

thanks

I can smell Slovakia in this post.  I think he took over another account. 

Thanks for that great post Jaap.

I updated the OP with our 2 exchange changes.

Michelle has been helping with the airdrop as a new airdrop member

I don’t get the sense she is Slovakia

[MIP]

Almost every masternode coin is exactly at the same market situation: no buy orders, no money. This is not a BBP only problem.

We must keep on working and make a difference when the tide turns.

[thesnat21]

Almost every masternode coin is exactly at the same market situation: no buy orders, no money. This is not a BBP only problem.

We must keep on working and make a difference when the tide turns.

I would say most alt coins are in similar situation.. except for the odd pump/dump like DOGE just had

The massive sell orders for BBP Prevent such a thing happening here.

[bible_pay]

Almost every masternode coin is exactly at the same market situation: no buy orders, no money. This is not a BBP only problem.

We must keep on working and make a difference when the tide turns.

Amen.

Btw, I put a command in the next version to help us diagnose the watchdog expired payments:  masternodelist full :  it has a column at the end called IsValidForPayment (Yes/No).  I updated the spork to 0 last night, so once we upgrade, lets check it out in prod.

[sunk818]

Please keep in mind that the foremost reason Rob started BiblePay is to be able to GIVE TO CHARITY. That '10% to charity' is and will always be an essential part of BiblePay. We need to keep adding value to BiblePay to please the users, so that we can keep on giving (hopefully more and more).

Give 5% from PODC and 5% PoBH to Orphans and no monthly orphan proposal

It did make me think about the structure of 10% charity as a monthly superblock you vote on. People could vote no.

10% to charity, is in my mind, like tithing... so perhaps we can consider getting 10% from PoBH and PoDC. Instead of 38.5% PoBH and PoDC received 33.5%. Then, it really is giving 10% of your earnings to God and in this way, we are using the tithed funds for the mission of helping the poor. Right now, 10% you vote on via monthly superblock doesn't feel like a sacrifice at all... This way, the sell pressure from the monthly superblock is less of an issue.

Reduce 300 orphans to 100 orphans going forward

I really think we need to vote down the next Compassion monthly superblock and just go back to supporting 100 orphans only. We have good intentions but support 300 orphans is not sustainable long-term without heavy participation from the crypto community and daily utility from the coin. I believe we can get there, but we are not in that position yet.

You have to cut expenses because the income is not there. Even not requiring team membership is not going to attract a lot of people. GridCoin people coming over may be only for Rosetta@Home & WCG. Byteball doesn't require Team to earn ByteBall, but they are less than 1% of the WCG total rac. Compare that to BiblePay which is much harder to join. I helped with tech support on BiblePay Air Drop, so I know first hand all the questions people ask and the dozens of people I had to handhold. ByteBall you just download the app and do a few things to get recurring payment. You'd think they would have everyone on WCG participating but that's not the case... So, the removing team requirement will not be meaningful.

This mean, we still have an income problem. And the other way to attack an income problem is to reduce your expenses.

[bible_pay]

Please keep in mind that the foremost reason Rob started BiblePay is to be able to GIVE TO CHARITY. That '10% to charity' is and will always be an essential part of BiblePay. We need to keep adding value to BiblePay to please the users, so that we can keep on giving (hopefully more and more).

Give 5% from PODC and 5% PoBH to Orphans and no monthly orphan proposal

It did make me think about the structure of 10% charity as a monthly superblock you vote on. People could vote no.

10% to charity, is in my mind, like tithing... so perhaps we can consider getting 10% from PoBH and PoDC. Instead of 38.5% PoBH and PoDC received 33.5%. Then, it really is giving 10% of your earnings to God and in this way, we are using the tithed funds for the mission of helping the poor. Right now, 10% you vote on via monthly superblock doesn't feel like a sacrifice at all... This way, the sell pressure from the monthly superblock is less of an issue.

Reduce 300 orphans to 100 orphans going forward

I really think we need to vote down the next Compassion monthly superblock and just go back to supporting 100 orphans only. We have good intentions but support 300 orphans is not sustainable long-term without heavy participation from the crypto community and daily utility from the coin. I believe we can get there, but we are not in that position yet.

You have to cut expenses because the income is not there. Even not requiring team membership is not going to attract a lot of people. GridCoin people coming over may be only for Rosetta@Home & WCG. Byteball doesn't require Team to earn ByteBall, but they are less than 1% of the WCG total rac. Compare that to BiblePay which is much harder to join. I helped with tech support on BiblePay Air Drop, so I know first hand all the questions people ask and the dozens of people I had to handhold. ByteBall you just download the app and do a few things to get recurring payment. You'd think they would have everyone on WCG participating but that's not the case... So, the removing team requirement will not be meaningful.

This mean, we still have an income problem. And the other way to attack an income problem is to reduce your expenses.

Im against these two ideas because:

1) We will be a true DAO if we continue to find high efficiency charities and vote them in as we do (with our proposal system)
2) We established a track record of 10% for charity, and its better to keep our promises over the long term
3) Reducing the 300 level:  We already have a continuity plan, and that is when our buffer runs out, we automatically reduce the amount we spend at compassion.  If for example we only raise 50% of the necessary expense and we already used up our buffer, then we will atomatically drop 50% of our compassion orphans (I hope that doesnt happen).  Our system is self correcting.  Then going forward we would be funding 150, until the next drastic drop, etc.  

I will most likely be suggesting one unusual month for compassion this month however (IE 90% of our budget to compassion), and then suggesting we go back to normal starting next month.  Another words, one big push to keep compassion and fast for our stability, and then next month, if we are still in the 10 satoshi range, we revert back to our normal size budget (IE 7 million for charity) and normal payroll, and our vendors start taking hits (based on lower liquidation amounts out of the 7 million). 

[sunk818]

3) Reducing the 300 level:  We already have a continuity plan, and that is when our buffer runs out, we automatically reduce the amount we spend at compassion.  If for example we only raise 50% of the necessary expense and we already used up our buffer, then we will atomatically drop 50% of our compassion orphans (I hope that doesnt happen).  Our system is self correcting.  Then going forward we would be funding 150, until the next drastic drop, etc.  

Yes, I believe you mentioned that. Thanks for the reminder. If 300 is sustainable, do you feel 616's suggestion of funding one poor child ("orphan") to adulthood with whatever funds are raised each month is the wise decision forward?

[capulo]

maybe we dont need to reduce number of orphans, but just reduce support per orphans
to not dump bbp, just apply some simple rule - not to sell under 10 sat or so. and if you sell only 5m then only this will go to charity and divided by 300 orphans. remainings 2m you can put as sell order and wait, or just save for 'better times'
or send remainings bbp to charity

[jaapgvk]

maybe we dont need to reduce number of orphans, but just reduce support per orphans
to not dump bbp, just apply some simple rule - not to sell under 10 sat or so. and if you sell only 5m then only this will go to charity and divided by 300 orphans. remainings 2m you can put as sell order and wait, or just save for 'better times'
or send remainings bbp to charity

The cost per child per month is fixed (38 dollars per child per month if I'm not mistaken). So it's kinda 'all or nothing' per child.

I also had the thought of not selling below a certain price, but in the end you also don't want to risk not selling enough.

I think we should hold on to the '10% to charity' from now on. That was how it was proposed, and that is how it should stay in my opinion. If we can't fund enough with the 10%, that is a sign for us to cut expenses (to say it businesslike). Sure, we could ask for more for one more month, but I'm not a proponent of asking more than 10% after that, and I'm not sure if that dumping more BBP will really give us more dollars in the end (because of people setting buy-orders lower when they now that a bigger dump is coming).

I do think we should definitely keep on giving BBP from the superblock via the DAO. The idea is to leave the decision on 'who gets what' to the Sanctuaries, and thus decentralizing it.