Bible Pay

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  • Rob Andrews
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1.5.4.5 Mandatory Upgrade Changes
« on: February 12, 2021, 08:31:30 PM »
This proposal seeks authorization to change the following parameters to allow a transition to our new UTXO staking environment:

- Phase In UTXO rewards and start to phase out PODC rewards:  In month 1 (March 2nd through April 2nd) - Decrease WCG PODC GSC contract emission percentage from 95% to 45%.  Increase UTXO Staking percent from 0% to 54%.  Decrease Healing percent from 5% to 1% (NOTE: This is not at all because we want to penalize healing - this is simply to increase our rewards to hard rewards only - I would like to give this campaign a continuing life at 1% because of the great good it is doing).
- In Month 2 (April 3rd and forward), Decrease PODC rewards from 45% to 0%.  Increase UTXO from 50% to 99%.  Healing stays at 1%.
- Increase our annual deflation rate from 30% to 36% until our emission matches our schedule
http://wiki.biblepay.org/Emission_Schedule_2020
- APM Changes: Emit coins when price is sideways or up (in contrast to Up)
- Disable new DWS whale stakes, but allow emission of unpaid existing stakes
- Disable DashStakes (note we allow these to be transferred to new UTXO stakes)



  • sunk818
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Re: 1.5.4.5 Mandatory Upgrade Changes
« Reply #1 on: February 12, 2021, 09:54:11 PM »
Sounds like a good plan.
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  • earlzmoade
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Re: 1.5.4.5 Mandatory Upgrade Changes
« Reply #2 on: February 13, 2021, 12:09:44 PM »
Thumbs up from me.
Joshua 1:9
Have i not commanded you?
Be strong and courageous. Do not be afraid;
do not be discouraged, for the Lord your God
will be with you wherever you go.


  • minerniner
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Re: 1.5.4.5 Mandatory Upgrade Changes
« Reply #3 on: February 13, 2021, 03:30:50 PM »
What does this mean for WCG? What changes as far as settings?
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  • Rob Andrews
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    • June 05, 2017, 08:09:04 PM
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Re: 1.5.4.5 Mandatory Upgrade Changes
« Reply #4 on: February 14, 2021, 01:01:07 PM »
What does this mean for WCG? What changes as far as settings?

It means that WCG is being phased out, so that 100% of that mining expense can go toward UTXO stakes.  (There are 500 million potential users there, compared to 40 that we have in PODC).

We still have RandomX mining however.