So hopefully, everyone here may potentially agree with the vision for UTXO mining.
It obviously needs an in depth explanation and wiki page.
On a side note, its a pity that Biblepay hasn't appealed to a broad range of Christians yet. We've not only not scratched the surface but we haven't even scratched the wax on the surface. We only need 3BTC of crypto buyers on SX to put our ticker back on track for free-floating. Its a real shame to start out in the hole on anything. So that is prayer #1 - Im praying that God sends a few mystery buyers to buy up the latent coins on SX to start us off with a 'square' start.
Anyway, the idea with UTXO mining is for us to sort of act as a cryptocurrency with return on investment for holding the currencies, similar to a CD in a bank, but for multiple homogenized coins: BTC+BBP, DASH+BBP, or BBP (to start).
The leaderboard is replaced with Stakers instead of PODC miners. The entire daily GSC reward is split among the stakers (except for the 5% that goes to healing - I left that in).
This means the ROI is very large at first, until of course it gets arbed down to earth from many stakers.
The main appeal to this is we have about 500 million distinct users across the two tickers who could become biblepay stakers. They can earn returns on their native currencies plus either or BBP.
Take a look at the leaderboard and once you are in, you can double click to see your positions.
For now one very easy way to get started is to click : Send Money, check UTXO Stake, and pick an amount.
This stakes one with BBP only.
After it is 3 deep in the chain, the leaderboard should update.
We also have the 'utxostake' command for the more advanced stakes: BTC or DASH.
EDIT: Maybe we can add ETHER+BBP stakes also, soon.
The Sanctuaries are the oracles-- they make calls to assess the utxos as they assess the blocks.
PS 2: Remember the concepts related to 'portfolio mining', 'long portfolio positions', and interest rate marketplace. This is all, I believe fulfilled, with UTXO mining. We may want to create a better name that is user friendly, for the position manager. This is one thing that has not been done with biblepay yet: making it user friendly.