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Messages - sunk818

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166
I sponsored a SAI child just now. I have one for CameroonONE, Kairos, and now SAI.


So, the first sponsorship is the full amount of BBP, then it is the discounted rate for subsequent months?

167

At the rate that coins are being burned, I think we will reach parity with fractional reserve return very shortly. I don't know if Rob is still offering the 10% bonus, but even without... the ROI on either will reach an equilibrium shortly.


For me, if I am sponsoring orphan with BBP, I need it liquid so fractional sanctuary is a better product for me. I can use it pay for orphans on a schedule. I can also use it to stake for PoDC if I need.


If you prefer to set it and forget it, dynamic whale staking (DWS) is very attractive as well and will have a fixed ROI after your burn period 99.9% of the time


Sorry for the messy chart below, but you can see day to day what the percentage ROI is for that day based on how long you burn the BBP.


168

Good evening.
I did not get that , Is this the same as moving funds to foundation wallet and receive the ROI?
Or you have to move back funds to your personal wallet and execute the command? is there any difference or is it the same thing?


Thank you.


Rob will likely answer too, but DWS (Dynamic Whale Stake) burns the funds for a number of days. 365 days gives the highest return as opposed to a 7 day burn. The funds are unable for that time period. After the burn period is over, you receive the amount burned plus roi promised to you.


I can send you charts if you want. DM me.

169
Thanks Rob for your quick reply. So, if someone sponsors a child, the BBP required every month will be the fiat equivalent for a certain USD$? I imagine the BBP someone pays per month will fluctuate? Would it be helpful to list the fiat equivalent as well?

170

Been reading a little bit about donor advised funds (DAF). I wonder if there's a way for BiblePay to leverage this type of fund, and invite whales to contribute to it. This could be a way to sponsor many children long-term, anyone can donate BiblePay, Bitcoin, other crypto, cash, etc into this fund. And as orphan sponsorships need to be paid, it can be paid out of the fund.


I think part of why POOM crashed the price was that charities sold whatever BBP was prepaid immediately. So, if someone prepaid for 3 months, selling all of it crashed the price. A DAF, in theory, could hold various assets and manage the burn rate. A sanctuary vote could help direct which assets should be sold to donate to the various charities.


I'm not sure how the mechanics of holding various assets in a fund works, liquidation, accounting, etc...

https://www.fidelitycharitable.org/giving-account/what-you-can-donate/donating-bitcoin-to-charity.html
https://www.nytimes.com/2017/11/06/business/bitcoin-charity-donations.html

https://www.schwabcharitable.org/public/charitable/nn/noncash_assets/donate-your-investments.html

171
General Support - Solved / Re: wallet 1.5.1.4 hi cpu usage
« on: June 05, 2020, 05:45:57 PM »
gen=1 is only if you want to solo mine. But since BiblePay is hashing RandomX (same as Monero XMR), there are external miners such as xmrig that will do the job far more efficiently. So, while you can technically use the wallet miner, it is not recommended since the external miner is faster.

172
Sanctuary Discussions / Re: Fractional sanctuary (shared masternode)
« on: June 05, 2020, 10:33:22 AM »
My daily fractional sanctuary payment went down. Was this because of the mandatory? I didn't think sanctuary payments would be affected that much.

173
General Support - Solved / Re: wallet 1.5.1.4 hi cpu usage
« on: June 05, 2020, 10:07:31 AM »
I don't know why post showed it in small text, but the biblepay.conf entry should be:


gen=0


thanks.

174
General Support - Solved / Re: wallet 1.5.1.4 hi cpu usage
« on: June 05, 2020, 10:06:30 AM »
It might solo mining with the defaults.


If you do not want to solo mine, you can put the following in your biblepay.conf



gen=0


Go to Tools, Open Wallet Configuration File



175
Also, I want to confirm what the mined block amounts should be and what the sanctuary reward should be now after the mandatory. If I'm reading the values right, mined reward went up ~500 BBP and sanctuary reward dropped ~500 BBP? I thought mining reward would move up closer to sanctuary reward and sanctuary reward would stay the same.

176
After the update to the newest version, how many confirmations do you feel is "secure" for an exchange? Is SX currently at 40? Should it stay at 40 you think? InstantSend is very cool as a default.

177
Does anyone have any really good idea on how we could make BiblePay go viral by adding in some type of referral code or reward system?


You have the faucet code that generates for the wallet. Maybe you can do something similar where you can do a DWS burn but add a one-time wallet code that is funded and pays out as a bonus after 1 year. Maybe there will be tiers of bonus percentage based on how much you burn for a year?


1% for 10k
5% for 100k
10% for 1M

178
Hi there!

Yes, I am using macOS 10.15.4.


If you have another mac using an older version of the macOS, that might be a good way to test as well. 10.15 introduces a lot of big security changes which is causing application issues from what I'm reading online.

179
Are you still having the issue?
Can you ping foundation.biblepay.org?


Are you using macOS 10.15 by the way?

180
Archived Proposals / Re: Approve Budget Changes
« on: May 26, 2020, 10:29:03 AM »
1) Will PoDC have equal footing with heat mining (RandomX)?


2) How does the DWS change to 0.64 affect current burns, if at all?


3) What is the impact to new DWS burns @ 0.64? Would rate of return be after the mandatory for a 1 year burn?

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