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Author Topic: BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes)  (Read 240819 times)
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October 06, 2018, 04:31:09 PM
 #10441

I agree, its too complicated and needs cleaned up.  Lets take a look at simplifying this and figuring out if we need a vote to improve it.

The confusion lies in some numbers being based on gross, some on net, and some on superblock emission percentages (which is even worse, as those are based on a gross emission multiplier).

For POW though, we do pay .03% of the gross block to the heat miner.  Let me first modify the wiki page with exact gross and net expectations then we will go from there.

As far as the complexity of having DGW though, that in itself has more advantages than disadvantages, I think, so I think we need to clean up the explanation in the code and the wiki to make it crystal clear first (IE the system we have now).  We are only slightly more complicated in that area if it is explained properly.

I say this because our future is dependent on:  A gross subsidy, a governance budget, a sanctuary reward, and a mining reward - regardless of how you slice it, and if we had multiple paths for mining income - we just need to have a standard interface to ensure the % we state in every category is exact and gross or net, and an example next to it that reconciles.

Ill put an example up on this on our wiki page after this - let me do some gross/net calcs.

I do agree with 616 on the sanc reward vs miner reward. 

Does DGW affect the daily superblock as well?  At least that way we're consistent.   

I have no problem with DGW on the POBH mining,  from a sanctuary perspective it seems strange to punish the sanctuary for potential abuses by the miner.
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October 06, 2018, 04:37:52 PM
 #10442

Submitted a pull request to add BBP's sporks to the "spork show" command

https://github.com/biblepay/biblepay/pull/45

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October 06, 2018, 05:06:22 PM
 #10443

I agree, its too complicated and needs cleaned up.  Lets take a look at simplifying this and figuring out if we need a vote to improve it.

The confusion lies in some numbers being based on gross, some on net, and some on superblock emission percentages (which is even worse, as those are based on a gross emission multiplier).

For POW though, we do pay .03% of the gross block to the heat miner.  Let me first modify the wiki page with exact gross and net expectations then we will go from there.

As far as the complexity of having DGW though, that in itself has more advantages than disadvantages, I think, so I think we need to clean up the explanation in the code and the wiki to make it crystal clear first (IE the system we have now).  We are only slightly more complicated in that area if it is explained properly.

I say this because our future is dependent on:  A gross subsidy, a governance budget, a sanctuary reward, and a mining reward - regardless of how you slice it, and if we had multiple paths for mining income - we just need to have a standard interface to ensure the % we state in every category is exact and gross or net, and an example next to it that reconciles.

Ill put an example up on this on our wiki page after this - let me do some gross/net calcs.

I do agree with 616 on the sanc reward vs miner reward. 

Does DGW affect the daily superblock as well?  At least that way we're consistent.   

I have no problem with DGW on the POBH mining,  from a sanctuary perspective it seems strange to punish the sanctuary for potential abuses by the miner.


No it's not intended to solely appear as an abuse by a heat miner, but instead, as a popularity governor.

The system is implemented in a way that says our total block emission drops as we become harder to mine - and the original idea with that is : biblepay is hard to mine because its price must be high (I realize this is not always true) but lets follow the logic.  If our price jumps from 9 satoshi to 90 for a couple weeks, we get an inrush of miners (because its profitable to mine).  However with that inrush comes a difficulty increase, and that lowers the reward.

So yes it is a governor to protect from a short term security standpoint but it is also a governor of our total emission due to popularity.

One reason I still like this is if we do become hard to mine (because of a high price) we tend to generate less coins - and therefore our price remains high.


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October 06, 2018, 05:07:49 PM
 #10444

Its disturbing that you are not interpreting these basic fundamentals but instead continue to be argumentatitive, and frankly not trusting.  

We need a good team here, one that I can send information to and get things done efficiently and quickly - this is redicules Sun, and I think you are smart enough to know how redicules it is.  If you want make this community efficient I think you need to get with the program.

I'm giving feedback from social media. They make a good points that BBP has "a way more complex structure than any other coin".  And that makes integration with people that want to create services more difficult. 1) We already saw this with Mintnodes, GIN, and Apollon where masternodes are more difficult to setup. 2) And now we have to explain to people why 3% PoBH isn't really 3%. And why PoDC 38.5% isn't really 38.5%.

I agree, its too complicated and needs cleaned up.  Lets take a look at simplifying this and figuring out if we need a vote to improve it.

The confusion lies in some numbers being based on gross, some on net, and some on superblock emission percentages (which is even worse, as those are based on a gross emission multiplier).

For POW though, we do pay .03% of the gross block to the heat miner.  Let me first modify the wiki page with exact gross and net expectations then we will go from there.

As far as the complexity of having DGW though, that in itself has more advantages than disadvantages, I think, so I think we need to clean up the explanation in the code and the wiki to make it crystal clear first (IE the system we have now).  We are only slightly more complicated in that area if it is explained properly.

I say this because our future is dependent on:  A gross subsidy, a governance budget, a sanctuary reward, and a mining reward - regardless of how you slice it, and if we had multiple paths for mining income - we just need to have a standard interface to ensure the % we state in every category is exact and gross or net, and an example next to it that reconciles.

Ill put an example up on this on our wiki page after this - let me do some gross/net calcs.





Ok we should be pretty clear now as far as our explanation to investors:



Economics revisited:
https://wiki.biblepay.org/Economics






I'll clean up some of the code comments to ensure they are consistent and not confusing.





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October 06, 2018, 05:29:35 PM
 #10445

No it's not intended to solely appear as an abuse by a heat miner, but instead, as a popularity governor.

The system is implemented in a way that says our total block emission drops as we become harder to mine - and the original idea with that is : biblepay is hard to mine because its price must be high (I realize this is not always true) but lets follow the logic.  If our price jumps from 9 satoshi to 90 for a couple weeks, we get an inrush of miners (because its profitable to mine).  However with that inrush comes a difficulty increase, and that lowers the reward.

So yes it is a governor to protect from a short term security standpoint but it is also a governor of our total emission due to popularity.

One reason I still like this is if we do become hard to mine (because of a high price) we tend to generate less coins - and therefore our price remains high.



This affects the 3% POBH and the 38.5% Sanc reward,  but not the PODC reward, if we follow this logic technically the same emission stifling should be in the PODC calculations as well.

If we are going to keep POBH separate,  I don't see the harm in doing the same for Masternode owners, these are folks committing 1.5mil to the cause of keeping BBP going.

Obviously nothing is changing today, but I think we should continue the discussion for the next mandatory.
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October 06, 2018, 05:45:51 PM
Last edit: October 06, 2018, 09:47:06 PM by togoshigekata
 #10446


I'd also like your thoughts on eliminating coin mixing and private send which the more I speak to people that aren't involved with crypto, they bring up the Dark Web quite often.  This perception that the primary use the average person thinks of is so negative it could impact our growth in the intended religious markets.  Also, since it appears very few people are using it, eliminating it could simplify the code base without much penalty from current user demand.

In the end, I don't want to make a proposal on something you're opposed to as I know you've got a lot on your plate and there is plenty of work.

I really like the proposal of 616west to remove the coin mixing/private send. I tried mixing for months and never really got it to work with BBP (right now I still only have a little over 3k mixed coins; with other coins this is working much better ...). Additionally, if anyone really wants to have "privacy" he can and should revert to the plethora of "cryptonight"-coins. Not to mention the fact that I don't deem it an appropriate (or necessary) feature for a Christian coin.

I think you have a good point on this elimination of private send and mixing, possibly.  I want us to be known as having 100% integrity, and know that using BiblePay they are still 100% anonymous if they wish to use TOR themselves - share no data and use nicknames.  Another words, I dont want to introduce things that reveals home identities to make people feel unsafe, but I would also want a coin with the highest level of integrity, so that we are not associated in any way with the dark web. I also feel that from Togos experience of mixing - we may be enabling a feature that slows down the wallet if people start using it widely (as Dave_bbp pointed out ours isnt working well).  We could potentially remove it from the UI completely and make it a 'use at your own risk' RPC feature, something for a power user like Togo, but take the stance that we dont support the feature, and we dont add features to the wallet that make you lose privacy (unless you use them, like for instance adding your long/lat and email to a contact record yourself).  The privacy issue is tough because as a Christian you have to be a stand up non-shady individual, and thats why I ended up offering the long-lat, as if things get bad (on a civil unrest level),  we at least want to organize Christian camps of people together, and as a church pastor, you must publically expose where your church is so people can worship in person (IE church tithing).  However, a single Mom may not want to expose her long-lat, with good reason.  (Its also related to timing, were obviously not in the great tribulation yet Smiley.



https://www.bitcoindesigned.com/infographics/privacy-and-bitcoin/

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October 06, 2018, 09:18:05 PM
 #10447

This Week In Dash: October 1-6
https://www.dashforcenews.com/this-week-in-dash-october-1-6/

Dash Force News on Twitter:
https://twitter.com/dashforcenews

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October 06, 2018, 09:22:59 PM
 #10448

Just saw information about the Islamic Exchange, here is a bible project. By the way, do you mean the old or the new covenant? Why are projects now being created that limit investors by religion?


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October 07, 2018, 02:26:03 AM
 #10449

Just saw information about the Islamic Exchange, here is a bible project. By the way, do you mean the old or the new covenant? Why are projects now being created that limit investors by religion?

In general, everyone is welcome to use biblepay as a utility.  We also have cancer mining, which is more aligned with science.

But in general, by having the KJV bible compiled in we are exposing our users to Christianity.  So this is an attempt to spread the gospel of Jesus to people who might not be thinking about God.

We are not forcing the New Testament to be read by anyone, but in general I'm trying to spearhead an ecosystem where Jesus is part of our daily lives and that would include the old and new Testament.


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October 07, 2018, 04:33:07 AM
 #10450

Anyone missing unbanked ARM payment for 10/5 and 10/6? Last two days I have not been paid for PoDC work.

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October 07, 2018, 12:04:10 PM
 #10451

Anyone missing unbanked ARM payment for 10/5 and 10/6? Last two days I have not been paid for PoDC work.

Are you sure you were crunching Rosetta tasks actively?  What is your CPID?


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October 07, 2018, 12:14:12 PM
 #10452

BiblePay
1.1.5.8-Leisure Upgrade



- Added Theymos Report (exec theymos).  This report reconciles our money
supply to our charity % and BBP sold quantity, and reports on key
metrics for accountability.
- Added support for Revenue and Expense business objects, and added a
grand total.


The Theymos report is being released!

Let's test these new features in Prod next!

Please let me know after we have a few interested parties upgraded.


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October 07, 2018, 12:32:52 PM
 #10453

BiblePay
1.1.5.8-Leisure Upgrade



- Added Theymos Report (exec theymos).  This report reconciles our money
supply to our charity % and BBP sold quantity, and reports on key
metrics for accountability.
- Added support for Revenue and Expense business objects, and added a
grand total.


The Theymos report is being released!

Let's test these new features in Prod next!

Please let me know after we have a few interested parties upgraded.




Instructions to use our new in-wallet accountability system.
(Note: In the future we will look into making custom menus and screens for certain types of business objects).

EXPENSES:

Click Business Objects | Right click Expenses | Click List.
You can then see the expense details (all expenses since we started - and these reconcile to the pool up to the date of the cutover).  You can see a grand total (matching accountability.biblepay.org).
You can also navigate to a PDF by right clicking the row and click "Navigate to..."

REVENUE:

Click Business Objects | Right click Revenue | Click List.
You can then see the revenue details (all liquidated BBP since inception - these reconcile to accountability.biblepay.org up to the date of the cutover).  You can see a grand total (matching our total converted fiat on all exchanges).


Theymos Report:

From the RPC, type 'exec theymos'.
Code:
"Command": "theymos",
  "Theymos Report": "10-07-2018 12:11:28",
  "Total Coinbase Emission (Money Supply)": 998579970,
  "Total Charity Budget": 99857997,
  "Total BBP Sold on Exchanges": 92232375,
  "Total BTC Raised": 20.55,
  "Avg BTC Price": 7170.321212121213,
  "Avg BBP Price": 0.001746964663980517,
  "Total Revenue in USD": 161126.7,
  "Total Expenses in USD": 161483.18

This report reconciles our entire blockchain money supply to what we actually spent on charity.

So in section 1, we have a money supply of 998.5MM.  Since our Emission wiki states that we give 10% to charity, our Charity Budget portion is shown in actual live figures of:  99.85MM.  Our actual BBP sold on exchanges:  92.23MM.  (The reason BBP sold is a little less than our target charity, is because we are 30 days behind - with governance and liquidations). 

So this shows the actual amount liquidated reconciles back to the stated amount we spend in our mission and to our total money supply.

Next, we show that we raised 20.55 BTC and sold it at an average price of .00174 USD per BBP with an average of 7170 per BTC.

Next, we show our USD expenses (actual totals) derived from our actual live-in-wallet business objects to be $161,483 - in contrast to our revenue of $161,126.
The expenses were slightly higher than the revenue (due to me slightly overpaying compassion each time I pay an invoice).

Note that the actual details of each invoice and revenue record are now stored in IPFS, and going forward we will start using IPFS to store these records, meaning this report will be automatically updated in real time.  We will truly be realizing our vision as a DAO, with decentralized accountability records in IPFS.


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October 07, 2018, 03:08:14 PM
 #10454

Anyone missing unbanked ARM payment for 10/5 and 10/6? Last two days I have not been paid for PoDC work.

Are you sure you were crunching Rosetta tasks actively?  What is your CPID?

Rosetta has not had ARM tasks in a while, it looks like ~1000 tasks were assigned recently but its very "luck of the draw".

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October 07, 2018, 03:25:51 PM
Last edit: October 07, 2018, 03:59:48 PM by sunk818
 #10455

Anyone missing unbanked ARM payment for 10/5 and 10/6? Last two days I have not been paid for PoDC work.

Are you sure you were crunching Rosetta tasks actively?  What is your CPID?

Rosetta has not had ARM tasks in a while, it looks like ~1000 tasks were assigned recently but its very "luck of the draw".

That wouldn't explain it because RAC has a half life. If I'm getting no payments sequentially day after day that would make sense because RAC is 0. But payments are intermittent... I'm included in one super daily block, but not the next.

pool.biblepay.org is showing 0 RAC for Rosetta, 54.24 under ARMRAC.

On the Rosetta@Home account, it shows I have a RAC of 44.54

Total credit   42,837
Recent average credit   44.54
Cross-project ID: 12adc617474710035a0be614454e7251

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October 07, 2018, 07:39:07 PM
 #10456

Anyone missing unbanked ARM payment for 10/5 and 10/6? Last two days I have not been paid for PoDC work.

Are you sure you were crunching Rosetta tasks actively?  What is your CPID?

Rosetta has not had ARM tasks in a while, it looks like ~1000 tasks were assigned recently but its very "luck of the draw".

That wouldn't explain it because RAC has a half life. If I'm getting no payments sequentially day after day that would make sense because RAC is 0. But payments are intermittent... I'm included in one super daily block, but not the next.

pool.biblepay.org is showing 0 RAC for Rosetta, 54.24 under ARMRAC.

On the Rosetta@Home account, it shows I have a RAC of 44.54

Total credit   42,837
Recent average credit   44.54
Cross-project ID: 12adc617474710035a0be614454e7251


Don't change anything; I'm tracing your CPID now.  I see you in the pool in the Rosetta team but not in todays superblock- let me check into this in detail.


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October 07, 2018, 08:52:07 PM
 #10457

Anyone missing unbanked ARM payment for 10/5 and 10/6? Last two days I have not been paid for PoDC work.

Are you sure you were crunching Rosetta tasks actively?  What is your CPID?

Rosetta has not had ARM tasks in a while, it looks like ~1000 tasks were assigned recently but its very "luck of the draw".

That wouldn't explain it because RAC has a half life. If I'm getting no payments sequentially day after day that would make sense because RAC is 0. But payments are intermittent... I'm included in one super daily block, but not the next.

pool.biblepay.org is showing 0 RAC for Rosetta, 54.24 under ARMRAC.

On the Rosetta@Home account, it shows I have a RAC of 44.54

Total credit   42,837
Recent average credit   44.54
Cross-project ID: 12adc617474710035a0be614454e7251


Don't change anything; I'm tracing your CPID now.  I see you in the pool in the Rosetta team but not in todays superblock- let me check into this in detail.




Ok, I found the problem.  Some of the unbanked CPIDs are not being included in the superblock, despite having a RAC > 1, being unbanked and associated properly, and everything else lining up for them to be paid.  The problem is highly technical, and only affects some of the unbanked CPIDs.  The release requires all the sancs to upgrade.  We can't do it as a mandatory - for various reasons, but we can do it as a leisure and as soon as the supermajority of the sancs upgrade, the payments will become regular again.  I just tested the fix and confirm it worked, so first, let me create a release and upgrade the pool and sanc1 (this will fix the superblock view report).  Then I'll announce a release here later this evening.

Sorry about the hassle this has caused you.

This most likely explains the intermittent issue we had reported prior to this report, but didn't affect Jaap in the same way.


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October 07, 2018, 09:33:25 PM
 #10458

Ok, I found the problem.  Some of the unbanked CPIDs are not being included in the superblock, despite having a RAC > 1, being unbanked and associated properly, and everything else lining up for them to be paid.  The problem is highly technical, and only affects some of the unbanked CPIDs.  The release requires all the sancs to upgrade.  We can't do it as a mandatory - for various reasons, but we can do it as a leisure and as soon as the supermajority of the sancs upgrade, the payments will become regular again.  I just tested the fix and confirm it worked, so first, let me create a release and upgrade the pool and sanc1 (this will fix the superblock view report).  Then I'll announce a release here later this evening.

Sorry about the hassle this has caused you.

This most likely explains the intermittent issue we had reported prior to this report, but didn't affect Jaap in the same way.

Awesome thanks for looking into this!

Sun and I seem to have been affected at the same times, onward to more stability! Smiley
afeno
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October 07, 2018, 10:57:33 PM
 #10459

PurePool is showing ConnectionRefusedError in all its workers.  It looks that the pool is down.
Las block found was 18 hours ago.
@Light, can you have a look?
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October 07, 2018, 11:11:59 PM
 #10460

PurePool is showing ConnectionRefusedError in all its workers.  It looks that the pool is down.
Las block found was 18 hours ago.
@Light, can you have a look?

Yes, all my workers are showing ConnectionRefusedError to!, Hope someone can take a look and put PurePool back on track.
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