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

[jaapgvk]

Strange behaviour on the pool Superblock view. Onii-chan, talisman, Sakic and other miners including mine suddenly read 0 for WCGRAC. Checked my exec getboincinfo and it shows that WCGRAC reads 0. I suspect that it's the same for the others. Any idea what happened?

My WCGRAC seems fine. Don't know what could have caused this.

my WCGRAC reads 0 as well. not good... maybe the reason behind this is that wcg web page was down for couple of hours yesterday...

still 0, not yet fixed... aaargh

I don't know if it's the website. My WCGRAC has been fine all this time.

[1714290071]

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[dave_bbp]

Please vote BiblePay to be listed on mintnodes cluster node service.
Only 1$ per month per masternode.

"What is a clusternode? A clusternode is like a shared masternode, only better!
With a clusternode you will receive a reward when any one of the masternodes in the clusternode receives a reward.

Clusternodes don’t have seats, that's right, you can deposit as little as 0.1 of a coin and still receive rewards from that clusternode. This is possible using our patent pending Clusternode technology of bringing masternodes online and taking them offline. This also allows you to withdraw your funds at any time.

When you deposit coins into a clusternode, they will show up in your “Balance in queue” for that coin. Once enough coins have been deposited by the community, a new masternode will be added to the clusternode and your funds will be moved to the “Balance in cluster.” Once your coins have been moved to the “Balance in cluster” you will receive a percentage of each reward received by any one of the masternodes in the clusternode."

I think this is a very nice service (although the funds get sent to a third-party, so there is a degree of trust involved). But it seems like a very easy system.

I see that people have already voted and we're actually nr 1 at the moment! I would suggest to keep a close watch on the deposits, and maybe even enter a proposal to get us on that service if needed (if the price is not too high).

BiblePay is now listed on Mintnodes Clusternode service!

https://www.mintnodes.com/
https://www.mintnodes.com/coins/BBP
https://www.mintnodes.com/clusternodes

https://discordapp.com/invite/8xzRSy5
https://twitter.com/mintnodes
https://bitcointalk.org/index.php?topic=4410825

I registered and tried depositing some coins, but the web page right now seems completely overload. Maybe give it a couple of days. Nonetheless, BBP was listed and had a deposit address, so in principal it should work.


Regarding BBP masternodes (and the coin in general): as Rob said so himself, his hobby is setting up masternodes. Of course this is completely legitimate, but it also means that he NEVER will lose his voting majority, because sure enough this time next year he will have 150 masternodes and so on...
I think this might be one of the reasons this awesome coin cannot find any buyers. A huge gist of the whole crypto market is "decentralization". MN coins in general are thought to have disadvantages in this regard. Now if a coin openly admits to being centralized in their governance it surely isn't appealing for any crypto-investor.

[SVK Noko]

How does now the writing letters section working? I wrote a letter to adopted child. I got only 6 votes during few weeks. Deadline was 22th of september. On pool biblepay org page I see only 3 letters together. Only 3 letters have been written this month??? My letter is still not sent. Is this working or not exactly?

Thanks for answers.

[togoshigekata]

There are 345 masternodes, ***assuming*** Rob operates 87,
that is 25.2% of all masternodes, and only 14.1% of all coins in circulation,
is this centralized for a coin worth $450k?

Strangely, only 249 of the 345 masternodes are in the ENABLED state (Why is this?)
87/249 is 34.9% voting power, is this centralized?

Weirdly, only 160 masternodes have ever voted each month,
This means Rob is given 54.3% voting power with others choosing not to vote,
this is not enough to push his own proposal through if most active voters vote against him though

Rob has some of the most experience in the space, has done the vast majority of the work, understands all the technical details, and he probably has the most time and money invested, the most skin in the game, if the project fails he loses his money

Is Rob still bound by the forces of the free market? Yes

Also, How many of you guys own Bitcoin?
How many of you guys own stocks in Amazon, Tesla, Walmart, or Facebook?

Satoshi Nakamoto owns around 10% of Bitcoin
Jeff Bezos owns 17% of Amazon
Elon Musk owns around 19% of Tesla
Walton Family owns over 50% of Walmart
Zuckerberg owns around 15-20% of Facebook

If you want voting power, put skin in the game, put your money on the line and step up to bat

Theres over 34+ million BBP in sell orders on the exchanges right now,
Theres 14+ million BBP that gets paid out to proposals every month and most have to be sold right away,
Theres hundreds of miners who need to sell BBP to pay electricity bill every month.

If someone wants to invest $100k-300k like Rob and his fellow investors probably did, then go ahead!

=

Understanding BiblePay Masternode Governance:
http://wiki.biblepay.org/UnderstandingGovernance

=

Masternode Setup Guide:
http://wiki.biblepay.org/Create_Sanctuary_2

Masternode Statistics/ROI:

- MasterNodes.pro: https://masternodes.pro/stats/bbp/statistics
- MasterNodes.online: https://masternodes.online/currencies/BBP/
- MNCN.online (Chinese): https://mncn.online/coins/BBP
- TradersGateway: http://www.tradersgateway.net/currencies/BIBLEPAY/Biblepay.html
- Mintnodes: https://www.mintnodes.com/coins/BBP

Masternode Hosting/Sharing:

- Gin: https://gincoin.io/
- Apollon: https://apollon.one/
- Mintnodes: https://www.mintnodes.com/

Masternode Monitoring:

- NodeCheck.io: https://nodecheck.io/
- BiblePay Central: https://www.biblepay-central.org/en/masternodes/

[jaapgvk]

There are 345 masternodes, ***assuming*** Rob operates 87,
that is 25.2% of all masternodes, and only 14.1% of all coins in circulation,
is this centralized for a coin worth $450k?

Strangely, only 249 of the 345 masternodes are in the ENABLED state (Why is this?)
87/249 is 34.9% voting power, is this centralized?

Weirdly, only 160 masternodes have ever voted each month,
This means Rob is given 54.3% voting power with others choosing not to vote,
this is not enough to push his own proposal through if most active voters vote against him though

Rob has some of the most experience in the space, has done the vast majority of the work, understands all the technical details, and he probably has the most time and money invested, the most skin in the game, if the project fails he loses his money

Is Rob still bound by the forces of the free market? Yes

Also, How many of you guys own Bitcoin?
How many of you guys own stocks in Amazon, Tesla, Walmart, or Facebook?

Satoshi Nakamoto owns around 10% of Bitcoin
Jeff Bezos owns 17% of Amazon
Elon Musk owns around 19% of Tesla
Walton Family owns over 50% of Walmart
Zuckerberg owns around 15-20% of Facebook

If you want voting power, put skin in the game, put your money on the line and step up to bat

Theres over 34+ million BBP in sell orders on the exchanges right now,
Theres 14+ million BBP that gets paid out to proposals every month and most have to be sold right away,
Theres hundreds of miners who need to sell BBP to pay electricity bill every month.

If someone wants to invest $100-300k like Rob and his fellow investors probably did, then go ahead!

=

Understanding BiblePay Masternode Governance:
http://wiki.biblepay.org/UnderstandingGovernance

=

Masternode Setup Guide:
http://wiki.biblepay.org/Create_Sanctuary_2

Masternode Statistics/ROI:

- MasterNodes.pro: https://masternodes.pro/stats/bbp/statistics
- MasterNodes.online: https://masternodes.online/currencies/BBP/
- MNCN.online (Chinese): https://mncn.online/coins/BBP
- TradersGateway: http://www.tradersgateway.net/currencies/BIBLEPAY/Biblepay.html
- Mintnodes: https://www.mintnodes.com/coins/BBP

Masternode Hosting/Sharing:

- Gin: https://gincoin.io/
- Apollon: https://apollon.one/
- Mintnodes: https://www.mintnodes.com/

Masternode Monitoring:

- NodeCheck.io: https://nodecheck.io/
- BiblePay Central: https://www.biblepay-central.org/en/masternodes/

Nice overview Togo! Gonna use some of this for the website.

[slovakia]

http://explorebiblepay.com/  KO
http://explorer.biblepay.org:3001/  KO
Circulating Supply on CMC KO


coin card  

and TOGO:ROBS WATCHDOG= stop junk

If someone wants to invest $100-300k like Rob hahahahahahahahahahahahaha... best joke on BTT forum  yaaaaaaaaay sorry, 100$ .. ITS OK

and yes, when somebody controling so huge amounts of MN= its centralized coin


so TOGO,you are totally mistaken

[bible_pay]

http://explorebiblepay.com/  KO
http://explorer.biblepay.org:3001/  KO
Circulating Supply on CMC KO


coin card  

and TOGO:ROBS WATCHDOG= stop junk

If someone wants to invest $100-300k like Rob hahahahahahahahahahahahaha... best joke on BTT forum  yaaaaaaaaay sorry, 100$ .. ITS OK

and yes, when somebody controling so huge amounts of MN= its centralized coin


so TOGO,you are totally mistaken

Well first of all, I don't really think I want to own theoretically more than 100 sancs, as that would kind of be redicules to maintain.
And I think with the expectation that we will have at least 500 nodes as we mature, that puts me down to a 20% influence level.

Let's stop the lies from Slovakia before they spread like a cancer.  Hopefully people are not dumb enough to believe when he just says things as if they are credible.

TRUTHS THAT CANNOT BE CHANGED:

WE HAD NO PREMINE
I BOUGHT MY COINS ON THE OPEN MARKET JUST LIKE EVERYONE ELSE
I ONLY MINED 10% TOTAL OF MY COINS (USING 10 HOME SERVERS AND 30 VMS SERVERS) AND HAVE SCALED THAT BACK AS YOU CAN SEE IN MY STATS OVER THE LAST 60 DAYS WHILE I PROGRAM MORE
I BOUGHT THE REMAINING 90% ON THE OPEN MARKET TO START SANCS (IVE BEEN BUYING FROM DAY 1 AND STILL BUY)
I PAID FULL RATE, GENERALLY 1 SATOSHI ABOVE OR BELOW THE MARKET
THIS MEANS MY INVESTMENT IS UNDERWATER BY 50%
YES IT IS MORE THAN $150,000 INVESTED OF PERSONAL FUNDS
I DIDNT RECEIVE .01 CENT OF FREE BBP
I CONTRIBUTED EXTRA TO COMPASSION AND THE ORPHAN FUND
I PAID FOR THE HACK INTO THE POOL (BY PAYING BACK THE BALANCES - THE FEES DIDNT COVER IT)
I PAID BTC FOR THE BINANCE SCANDAL LAST YEAR

[dave_bbp]

http://explorebiblepay.com/  KO
http://explorer.biblepay.org:3001/  KO
Circulating Supply on CMC KO


coin card  

and TOGO:ROBS WATCHDOG= stop junk

If someone wants to invest $100-300k like Rob hahahahahahahahahahahahaha... best joke on BTT forum  yaaaaaaaaay sorry, 100$ .. ITS OK

and yes, when somebody controling so huge amounts of MN= its centralized coin


so TOGO,you are totally mistaken

Well first of all, I don't really think I want to own theoretically more than 100 sancs, as that would kind of be redicules to maintain.
And I think with the expectation that we will have at least 500 nodes as we mature, that puts me down to a 20% influence level.

Let's stop the lies from Slovakia before they spread like a cancer.  Hopefully people are not dumb enough to believe when he just says things as if they are credible.

TRUTHS THAT CANNOT BE CHANGED:

WE HAD NO PREMINE
I BOUGHT MY COINS ON THE OPEN MARKET JUST LIKE EVERYONE ELSE
I ONLY MINED 10% TOTAL OF MY COINS (USING 10 HOME SERVERS AND 30 VMS SERVERS) AND HAVE SCALED THAT BACK AS YOU CAN SEE IN MY STATS OVER THE LAST 60 DAYS WHILE I PROGRAM MORE
I BOUGHT THE REMAINING 90% ON THE OPEN MARKET TO START SANCS (IVE BEEN BUYING FROM DAY 1 AND STILL BUY)
I PAID FULL RATE, GENERALLY 1 SATOSHI ABOVE OR BELOW THE MARKET
THIS MEANS MY INVESTMENT IS UNDERWATER BY 50%
YES IT IS MORE THAN $150,000 INVESTED OF PERSONAL FUNDS
I DIDNT RECEIVE .01 CENT OF FREE BBP
I CONTRIBUTED EXTRA TO COMPASSION AND THE ORPHAN FUND
I PAID FOR THE HACK INTO THE POOL (BY PAYING BACK THE BALANCES - THE FEES DIDNT COVER IT)
I PAID BTC FOR THE BINANCE SCANDAL LAST YEAR

That sounds quite reasonable (I think I couldn't even keep up with having 10 masternodes xD) and thank you for this roundup. Let's just hope the crypto market will recover next year and people will see the huge potential and hard work in this coin.
Don't worry about slovakia too much, half of the time his ramblings aren't even comprehensible. 


For everyone wanting to participate in a clusternode on mintnode: I now tested deposits and withdrawals and everything seems to work (albeit a bit slow...). Right now no one else has deposited any BBP funds there, so I will start with 100k and I hope that a lot of you guys will join me to get that 1.55 million filled.

[yaronidon]

my WCGRAC is zero also

[jaapgvk]

http://explorebiblepay.com/  KO
http://explorer.biblepay.org:3001/  KO
Circulating Supply on CMC KO


coin card  

and TOGO:ROBS WATCHDOG= stop junk

If someone wants to invest $100-300k like Rob hahahahahahahahahahahahaha... best joke on BTT forum  yaaaaaaaaay sorry, 100$ .. ITS OK

and yes, when somebody controling so huge amounts of MN= its centralized coin


so TOGO,you are totally mistaken

Well first of all, I don't really think I want to own theoretically more than 100 sancs, as that would kind of be redicules to maintain.
And I think with the expectation that we will have at least 500 nodes as we mature, that puts me down to a 20% influence level.

Let's stop the lies from Slovakia before they spread like a cancer.  Hopefully people are not dumb enough to believe when he just says things as if they are credible.

TRUTHS THAT CANNOT BE CHANGED:

WE HAD NO PREMINE
I BOUGHT MY COINS ON THE OPEN MARKET JUST LIKE EVERYONE ELSE
I ONLY MINED 10% TOTAL OF MY COINS (USING 10 HOME SERVERS AND 30 VMS SERVERS) AND HAVE SCALED THAT BACK AS YOU CAN SEE IN MY STATS OVER THE LAST 60 DAYS WHILE I PROGRAM MORE
I BOUGHT THE REMAINING 90% ON THE OPEN MARKET TO START SANCS (IVE BEEN BUYING FROM DAY 1 AND STILL BUY)
I PAID FULL RATE, GENERALLY 1 SATOSHI ABOVE OR BELOW THE MARKET
THIS MEANS MY INVESTMENT IS UNDERWATER BY 50%
YES IT IS MORE THAN $150,000 INVESTED OF PERSONAL FUNDS
I DIDNT RECEIVE .01 CENT OF FREE BBP
I CONTRIBUTED EXTRA TO COMPASSION AND THE ORPHAN FUND
I PAID FOR THE HACK INTO THE POOL (BY PAYING BACK THE BALANCES - THE FEES DIDNT COVER IT)
I PAID BTC FOR THE BINANCE SCANDAL LAST YEAR

While I think it's sad that we have come to the point that a disclose like this is needed to counter toxic people, I hope that we can move on from here. People like slovakia are very exhausting for me, and I really don't understand his thinking proces, because if he's invested and keeps spreading uninformed falsehoods, he is continually tying to depreciate his own investment. Why destroy instead of build slovakia?

I've been a skeptical person for as long as I can remember, and aside from that I'd like to think that I'm pretty good - but far from flawless - at reading people, and I NEVER had ANY doubt concerning Rob's motives or integrity concerning this project. I know that it's just my opinion, but I just felt a need to share.

I agree that if one entity owns a majority of active Masternodes in a certain project, that project has problems with centralization. By 'active Masternodes' I mean Masternodes of people that actually follow the project and regularly vote. I have full confidence that Rob also sees that such a centralization in BiblePay would not be good for the credibility of the project, and I trust him to act accordingly.

[vahtis]

http://explorebiblepay.com/  KO
http://explorer.biblepay.org:3001/  KO
Circulating Supply on CMC KO


coin card  

and TOGO:ROBS WATCHDOG= stop junk

If someone wants to invest $100-300k like Rob hahahahahahahahahahahahaha... best joke on BTT forum  yaaaaaaaaay sorry, 100$ .. ITS OK

and yes, when somebody controling so huge amounts of MN= its centralized coin

While I think it's sad that we have come to the point that a disclose like this is needed to counter toxic people, I hope that we can move on from here. People like slovakia are very exhausting for me, and I really don't understand his thinking proces, because if he's invested and keeps spreading uninformed falsehoods, he is continually tying to depreciate his own investment. Why destroy instead of build slovakia?

You have the same thoughts with me jaapgvk.

[vahtis]

For everyone wanting to participate in a clusternode on mintnode: I now tested deposits and withdrawals and everything seems to work (albeit a bit slow...). Right now no one else has deposited any BBP funds there, so I will start with 100k and I hope that a lot of you guys will join me to get that 1.55 million filled.

I'm in with my modest invest in a moment.

[jaapgvk]

For everyone wanting to participate in a clusternode on mintnode: I now tested deposits and withdrawals and everything seems to work (albeit a bit slow...). Right now no one else has deposited any BBP funds there, so I will start with 100k and I hope that a lot of you guys will join me to get that 1.55 million filled.

I'm in with my modest invest in a moment.

I've also sent some coins for testing. What's interesting is that their default 'Payout Method' is 'Reinvest'. So, if I understand it clearly, your rewards get send to the queue, and when a new Masternode is started, your rewards get invested in that automatically. I think that is very cool! So, once there are a few Masternodes on there, chances are that number will keep on growing (if people select the 'Reinvest' option).

[vahtis]

For everyone wanting to participate in a clusternode on mintnode: I now tested deposits and withdrawals and everything seems to work (albeit a bit slow...). Right now no one else has deposited any BBP funds there, so I will start with 100k and I hope that a lot of you guys will join me to get that 1.55 million filled.

I'm in with my modest invest in a moment.

I've also sent some coins for testing. What's interesting is that their default 'Payout Method' is 'Reinvest'. So, if I understand it clearly, your rewards get send to the queue, and when a new Masternode is started, your rewards get invested in that automatically. I think that is very cool! So, once there are a few Masternodes on there, chances are that number will keep on growing (if people select the 'Reinvest' option).

With 88% ROI 12 masternodes would generate new masternode once a month. This helps them to keep masternodes running while allowing people to withdraw all the time as they hopefully have enough queue

[daemonko]

For everyone wanting to participate in a clusternode on mintnode: I now tested deposits and withdrawals and everything seems to work (albeit a bit slow...). Right now no one else has deposited any BBP funds there, so I will start with 100k and I hope that a lot of you guys will join me to get that 1.55 million filled.

I'm in with my modest invest in a moment.

I've also sent some coins for testing. What's interesting is that their default 'Payout Method' is 'Reinvest'. So, if I understand it clearly, your rewards get send to the queue, and when a new Masternode is started, your rewards get invested in that automatically. I think that is very cool! So, once there are a few Masternodes on there, chances are that number will keep on growing (if people select the 'Reinvest' option).

With 88% ROI 12 masternodes would generate new masternode once a month. This helps them to keep masternodes running while allowing people to withdraw all the time as they hopefully have enough queue

good idea, but it won't the more nodes, the less income generated per node. anyways, i put couple of hundred thousands of BBP there, let's see...

[daemonko]

my WCGRAC is zero also

same here, second day, WCGRAC = ZERO... WTF... TaskWeight = 100

[yaronidon]

TaskWeight = 100

please keep this thread clean, do not swear.

[dave_bbp]

For everyone wanting to participate in a clusternode on mintnode: I now tested deposits and withdrawals and everything seems to work (albeit a bit slow...). Right now no one else has deposited any BBP funds there, so I will start with 100k and I hope that a lot of you guys will join me to get that 1.55 million filled.

I'm in with my modest invest in a moment.

I've also sent some coins for testing. What's interesting is that their default 'Payout Method' is 'Reinvest'. So, if I understand it clearly, your rewards get send to the queue, and when a new Masternode is started, your rewards get invested in that automatically. I think that is very cool! So, once there are a few Masternodes on there, chances are that number will keep on growing (if people select the 'Reinvest' option).

With 88% ROI 12 masternodes would generate new masternode once a month. This helps them to keep masternodes running while allowing people to withdraw all the time as they hopefully have enough queue

good idea, but it won't the more nodes, the less income generated per node. anyways, i put couple of hundred thousands of BBP there, let's see...

Wow guys, just had a look again and we were already at 92% of the required balance. So I decided to add in the missing 125k. Let's see how long it takes for this balance to show up and how fast they are at deploying the masternode.

Good night and god bless.

[slovakia]

MN launching

[sunk818]

MN launching

Aww, I was gonna put in 100k. I guess i'll wait until next round.

Seems like @togo did a great thing here... MN pool is a lot more attractive than Gin or Apollon where you need a full MN worth.

Rob can always put his coin in mintnodes and just make BBP out of it. That way, he can run his own MNs to vote with but still get almost full payout with the MNs he invests into this service. The pool fee is what he'd pay for VPS hosting anyway. I think most reasonable people would be fine with limited voting power and whatever BBP wants to put to use for masternode payout without voting right is okay?