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Archived Proposals / Re: New Charity Organization - BLOOM
« on: January 06, 2018, 04:47:40 PM »
Responding to Rob's Feedback
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December 2017 Compassion Expense Reimbursement (Monthly Orphan Premiums)
http://forum.biblepay.org/index.php?topic=53.0
2,894,609 BBP
Extra to Orphan Fund
http://forum.biblepay.org/index.php?topic=66.0
400,000 BBP
My understanding is that the December Charity proposal would bring us current on any expenses?
3,294,609 BBP is going towards Compassion expenses for this 1st superblock.
I do see the risk with the superblock though, hopefully it goes smoothly super early Sunday morning.
But if it doesnt, it could potentially cause days of delay and extra work,
which means more days the funds wont be able to go towards expenses still racking up.
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616west and I both saw the monthly behavior as high risk in the bitcointalk forums long ago,
616west being more vocal lately about it, but do you have plans to change this behavior?
and start budgeting months in advance or adding cushion?
Togo August 17, 2017
https://bitcointalk.org/index.php?topic=2042657.msg20973656#msg20973656
It looks like you might be in the process:
http://forum.biblepay.org/index.php?topic=53.msg917#msg917
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So far I believe this is just a pre-proposal for discussion, so no actual proposal has been entered into the blockchain yet.
April so far has requested 667k BBP, which would be 23% of Decembers Charity budget.
Also a note, this current superblock, about 123k BBP is going to be burned because we didn't get enough proposals.
Having no exchanges is up is really bad though, because we have no way to sell Biblepay coins into Bitcoin into Dollars to pay for expenses. CoinsMarkets hopefully comes back up in the next few days as they upgrade their servers from too much traffic, and C-CEX hopefully comes back up end of January.
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Im not sure if BLOOM has this ability.
I think this requirement is going to be harder for any small business/nonprofit/charity to do, programmers are expensive, but I do think it is a really cool ability that you have spent time integrating into the pool website and that Compassion offers (and its one of the awesome features of the BiblePay coin).
Im just worried a lot of the smaller charities/nonprofits may not be technologically advanced nor have the money for API support for letter writing. (Compassion had 617 million in revenue in 2013). Do we want to risk keeping most if not all small guys from getting funding due to this? (most businesses are small businesses).
I wonder if we could get a programmer position to help charities/nonprofits with this Letter API ability?
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I think this is a good question, but on the flip side so far to my knowledge Compassion hasnt given us any PR (whereas they have been getting some PR from us), do you plan to also ask Compassion for PR?
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Overall I share most of your main concerns Rob, I do think it would be wise to wait on any and all proposals while the exchanges are down and the 1st superblock hasnt paid out successfully yet. But I do believe this is still just a pre-proposal to get feedback / start discussion.
I think this would be a beneficial starting relationship with BLOOM, Im not sure how many other christian charities/nonprofits are going to be comfortable writing a proposal and handling funding in cryptocurrencies.
I hope everything works out, I believe it will, and I hope we can all learn and grow and help as many in distress as possible!
Thank you Rob and April!
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Quote
1) We have a $10,000 deficit with Compassion and have not even minted our first superblock.
Why dont we wait for that to occur, before adding a new risk. That occurs at block 24600.
December 2017 Compassion Expense Reimbursement (Monthly Orphan Premiums)
http://forum.biblepay.org/index.php?topic=53.0
2,894,609 BBP
Extra to Orphan Fund
http://forum.biblepay.org/index.php?topic=66.0
400,000 BBP
My understanding is that the December Charity proposal would bring us current on any expenses?
3,294,609 BBP is going towards Compassion expenses for this 1st superblock.
I do see the risk with the superblock though, hopefully it goes smoothly super early Sunday morning.
But if it doesnt, it could potentially cause days of delay and extra work,
which means more days the funds wont be able to go towards expenses still racking up.
==========
Quote
2) We have 189 children with compassion who are not paid a cent in advance (IE if we miss next months payment we lose them all). Some of us here like 616West have suggested that we pay at least 6 months into the future for these children, as it is really frowned upon to start up new sponsorships with kids from Bloom when we have not even paid a few months in advance with the kids we have committed to.
616west and I both saw the monthly behavior as high risk in the bitcointalk forums long ago,
616west being more vocal lately about it, but do you have plans to change this behavior?
and start budgeting months in advance or adding cushion?
Togo August 17, 2017
https://bitcointalk.org/index.php?topic=2042657.msg20973656#msg20973656
It looks like you might be in the process:
http://forum.biblepay.org/index.php?topic=53.msg917#msg917
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Quote
3) We dont even have an exchange online right now accepting bitcoins. I think its a bad idea to set a precendent to ask for half of our charity budget right off the bat, when our price is uncertain. Lets try to get a pulse on our average price after c-cex comes back online for a couple weeks first.
So far I believe this is just a pre-proposal for discussion, so no actual proposal has been entered into the blockchain yet.
April so far has requested 667k BBP, which would be 23% of Decembers Charity budget.
Also a note, this current superblock, about 123k BBP is going to be burned because we didn't get enough proposals.
Having no exchanges is up is really bad though, because we have no way to sell Biblepay coins into Bitcoin into Dollars to pay for expenses. CoinsMarkets hopefully comes back up in the next few days as they upgrade their servers from too much traffic, and C-CEX hopefully comes back up end of January.
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Quote
5) Im not sure if Togo asked you about this, but here is one huge question. We currently have IT integration where we can view an orphans Bio by clicking a link. Would we receive IT integration with bloom for the one new orphan? Could we write letters electronically? Could the orphans handwritten letter/reply be stored as a PDF so our pool could show the inbound letter to the user?
Im not sure if BLOOM has this ability.
I think this requirement is going to be harder for any small business/nonprofit/charity to do, programmers are expensive, but I do think it is a really cool ability that you have spent time integrating into the pool website and that Compassion offers (and its one of the awesome features of the BiblePay coin).
Im just worried a lot of the smaller charities/nonprofits may not be technologically advanced nor have the money for API support for letter writing. (Compassion had 617 million in revenue in 2013). Do we want to risk keeping most if not all small guys from getting funding due to this? (most businesses are small businesses).
I wonder if we could get a programmer position to help charities/nonprofits with this Letter API ability?
==========
Quote
7) Is there any PR bloom could give us once we instantiate a relationship of more than 5 orphans per month?
I think this is a good question, but on the flip side so far to my knowledge Compassion hasnt given us any PR (whereas they have been getting some PR from us), do you plan to also ask Compassion for PR?
==========
==========
Overall I share most of your main concerns Rob, I do think it would be wise to wait on any and all proposals while the exchanges are down and the 1st superblock hasnt paid out successfully yet. But I do believe this is still just a pre-proposal to get feedback / start discussion.
I think this would be a beneficial starting relationship with BLOOM, Im not sure how many other christian charities/nonprofits are going to be comfortable writing a proposal and handling funding in cryptocurrencies.
I hope everything works out, I believe it will, and I hope we can all learn and grow and help as many in distress as possible!
Thank you Rob and April!