Bible Pay

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This proposal summarizes the changes to be made in Red Sea for our March 2023 release:

The preproposal discussion thread was here:
https://forum.biblepay.org/index.php?topic=913.0

Summary of changes:
- Add Video Transcoding/processing to our suite of services that the sanctuary will be executing. 
- Remove the necessity to have a RandomX pool.
- Remove the RX pool and the UTXO staking pages from unchained.biblepay.org.
- Make the mining non-competetive (this is so one sanctuary will not attempt to hog all of the rewards).  The video transcoding will be done in a non competetive way, rewarding the sanctuaries in round robin fashion using the deterministic rewards schedule already in place (the sanctuary block reward schedule).
- Decrease the Mined block reward by 99%, while increasing the sanctuary reward by that same amount (this removes the competetiveness of mining).  Two rules maintain block security:  One, we have chainlocks already in place (so there is no 51% attack).  Two, only sanctuaries may solve blocks, therefore the network cannot be attacked by external parties.
- Remove the UTXO staking reward, and increase the sanctuary reward by that same amount.
- Make the Sanctuary nodes assess Storage utilization (of videos and files) per BBP key, and bill for that usage monthly. 
- Block emission:
10% orphan charity, 5% governance, 85% sanctuary-video-mining.
- Sanctuary min server specs:  6 core processor, 400 gb hard drive :
https://contabo.com/en/vps/vps-m-ssd/?image=ubuntu.267&qty=1&contract=1&storage-type=vps-m-400-gb-ssd
- BBP core wallet will be modified to generate storage keypairs.  Anyone with a balance can store files or videos in our storage network.  The sancs will still act as CDNs.

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General Support / Re: Wallet is not syncing
« Last post by Rob Andrews on November 23, 2022, 07:22:43 PM »
It's looking good.

I killled the process and launched the new wallet and it's syncing fine!

So, I guess the coins mature which finishes the first stakes you created,  and then you reinvest your balance again if you want to get more stakes?

Hi CB,

Awesome man, great to hear you synced!  Sorry that was such a hassle to get synced.



As far as earning rewards, check out https://unchained.biblepay.org.  Right now there are 3 ways to earn (randomx mining, staking or running a sanc).

To stake you should set up a portfolio builder position over at unchained, and then it earns daily rewards.  Check out the portfolio builder page, there should be a wiki link on that page to get started.

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General Support / Re: Wallet is not syncing
« Last post by Christblood on November 23, 2022, 07:17:51 PM »
It's looking good.

I killled the process and launched the new wallet and it's syncing fine!

So, I guess the coins mature which finishes the first stakes you created,  and then you reinvest your balance again if you want to get more stakes?
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General Support / Re: Wallet is not syncing
« Last post by Christblood on November 23, 2022, 07:05:21 PM »
Thanks.

The problem now is that it's been five hours since I've shut down the old wallet, and I still cannot launch
the new one because it says the app cannot use the blockchain since the app is probably already running

Not being an advanced Mac user, I'm not sure how to kill a process, but it's probably easy to find.

I hope that won't corrupt the chain if its terminated.

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General Support / Re: Wallet is not syncing
« Last post by Rob Andrews on November 22, 2022, 09:16:46 PM »
1.6.2.9. Harvest.

It says "About QT " in the Mac menu so its probably a QT

OS 10.13.6

It's at 90% of Syncing Headers and it's stuck there.

I'm not sure how to find the log you mentioned.

Oh yeah that explains it; we are up to 0.17.2.6 now.  Any version past the last mandatory upgrade wont sync anymore.

Btw, check out this wallet download page, we have the Latest Release (0.17.2.5) version listed as 'text' which shows the last mandatory version that actually works.
Whenever that changes, please upgrade.

https://www.biblepay.org/wallet/

The other problem is I'm not sure if the mac version was even released so I re-released it (click on the DMG to redownload it).
See me screen shot to show it syncing on the mac.

If you have any problems now, after confirming you are on 0.17.2.6, you can delete your :
~/Library/Application Support/Biblepay/  (Block chain specific folders, such as blocks), or easier you can restart the app with
Tools | Wallet Repair | Rebuild Index

Note: Always back up your wallet.dat before deleting chain files.

Good luck--

Rob
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General Support / Re: Wallet is not syncing
« Last post by Christblood on November 22, 2022, 03:29:29 PM »
1.6.2.9. Harvest.

It says "About QT " in the Mac menu so its probably a QT

OS 10.13.6

It's at 90% of Syncing Headers and it's stuck there.

I'm not sure how to find the log you mentioned.

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General Support / Re: Wallet is not syncing
« Last post by Rob Andrews on November 21, 2022, 09:16:51 PM »
Yes. 

I don't always have the machine on but I've been trying to sync for about 3 days and it's not making much progress.

I do show connections.

Please tell me what wallet version you are running and if its QT and what OS are you on?
If your height is less than:
https://chainz.cryptoid.info/bbp/

Then please post your log or e-mail it to [email protected] and we will get to the bottom of it.

No syncing problems imho have existed for about a year now on any of my machines or sancs.  Randomx has been Rock Solid.



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General Support / Re: Wallet is not syncing
« Last post by Christblood on November 21, 2022, 06:54:53 PM »
Yes. 

I don't always have the machine on but I've been trying to sync for about 3 days and it's not making much progress.

I do show connections. 
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Pre-Proposal Discussion / Re: Sanctuary Video Transcoding Mining - 2023
« Last post by Rob Andrews on November 19, 2022, 10:51:22 AM »
Ok all valid points and I agree. Thank you for that server recommendation because the ones I was finding had ridiculous prices.
Looks like it went up $1 a month since the last time I rented one:
https://contabo.com/en/vps/vps-m-ssd/?image=ubuntu.267&qty=1&contract=1&storage-type=vps-m-400-gb-ssd

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Pre-Proposal Discussion / Re: Sanctuary Video Transcoding Mining - 2023
« Last post by AIDS_SKRILLEX on November 18, 2022, 12:39:48 PM »
Ok all valid points and I agree. Thank you for that server recommendation because the ones I was finding had ridiculous prices.
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