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Messages - jaapgvk

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Assuming nothing else comes up, Im requesting the rest of this months budget,
1,200,000 BBP of the 1,222,665 BBP left for future exchange listing fees
and I will send it to Jaap to hold onto

Voted 'yes'! Always good to have more for the Fund :)

Production Proposals / Re: Whitepaper update
« on: May 25, 2018, 10:11:19 am »
So I have completed what I believe is a "final for now" version of the whitepaper. I've added in a page on PODC and one on security details.

The link to the PDF is still here:

I think we should get this moved over to our official website sooner rather than later though. We can always make subsequent changes as necessary.

Yes! Let's get it up there ASAP. Thomas already knows that it's ready to be uploaded, so it shouldn't take long :)

Production Proposals / Re: Biblepay Charity Commission - Revised
« on: May 23, 2018, 04:25:46 am »
QIEX has plans to donate the fees that occur when trading BBP to BiblePay, and I think that something like this would be very practical to be handled by the commission :)

Yes, the P2P is still a budget that isn't really utilized yet, and I for one don't mind using it for charity :) So I'll also vote 'yes'.

> Rob will 'tip' in a little extra to ensure Gods money

Thanks for your generous heart. I thought the other day what you might do with the "points" from the AmEx, but if you're tipping a little extra, I think it balances out.

I was confused with  and referring to orphans because all the kids I read descriptions are on poor kids in families. I wonder if there's a more accurate word to use besides orphans. It raises a red flat (scam) in me if I read orphan but the organization itself doesn't really support orphans (no parent alive) in their current form.

Don't get me wrong... I'm pleased we can help support a coin that aligns itself with God calling us to help the poor.

I think that this is a valid point. We should be clear in our wording. I personally don't really mind calling what we do 'helping orphans' because I know that is being meant by this, but I agree that for newcomers, this might be confusing.

Maybe a more suitable definition would be 'disadvantaged/needy/underprivileged children'?

Of course, the Bible-verse we use states:
"Pure and undefiled religion is to care for orphans and widows in their distress,
and to keep oneself from being polluted by the world." James 1:27

These are the orphans we are referring to.

Thanks for the support guys!

I see that I made an error by taking the euro exchange rate but calculating my hours in dollars. The exchange rate is actually $0.003/BBP now, so it doesn't really make much difference. I'll just give myself a raise of 50 cents an hour and keep the proposal as it was :p

I'm posting here for clarification for a new proposal: Habib has talked about creating a hardcopy guide to give to churches/organisations/interested people.

Apart from that, noxpost also posted on bitcointalk about his church organizing a 'Bitcoin and the Bible' series, and also for this a hardcopy guide could be very welcome:

So I'm asking for what is left in the PR budget this month (104.210 BBP, which is about 300 dollars) so work can be started on the guide. I was going to wait until the website was finished, but maybe it's good to get started with this ASAP and have a basic guide that anyone can use or print.

For this money (or at least part of it), I will have a designer design a nice template and animations for the guide (the same one that designed the PowerPoint I made for Habib). Maybe it will look something like the Mannabase infographic: but something that can be a little booklet, like half an A4 per page.

And I'll use the currently available information (whitepaper/guides/etc) and also the information that will be on the new website, to put together a nice basic guide that looks appealing to non-technical persons. I will give a full documentation of the worked hours and money spent, but I think that this budget will get us a pretty long way, and I'll be able to pay external designers with this :)

Production Proposals / Re: BiblePay & CameroonONE
« on: May 19, 2018, 03:25:03 pm »
Hi everyone. Attached you can see the receipt for the sold BBP for CameroonONE thus far. We're at $3671.18 of the total requested $4000. That leaves us with 328.82 dollars still needed to pay ahead for the 14 children for the entire year. This will be 'round 3'.

BBP seems quite stable around the $0.003 mark, so that would translate to nearly 110.000 BBP. I'm going to ask for a bit more to cover for
1. The proposal itself (2500 BBP)
2. Price fluctuations
3. Costs to transfer funds from c-cex to coinbase
4. Costs for transferring from coinbase to bank-account (don't know if costs are involved in this actually).

So I'm going to ask for 125.000 BBP in total, and hopefully we'll get just a bit above the $4000 mark!

Thank you for the receipts!

I think that it's very nice what you are doing and I'll be voting 'yes' on this.

Habib did his first BiblePay radio interview! You can see it on his Twitter:

Yes I will vote yes... but you need to get this proposal submitted into the pool ASAP!
The superblock is only ~10 days away.


Yes, I know ,:( I don't have enough funds in the pool at the moment. I've asked Rob if he could deposit some funds in my account so that I can make some more proposals for this superblock...

I love that you are volunteering to give these children a nice trip. Do you have an overview of expenses for 2017?

Production Proposals / Re: Biblepay Charity Commission
« on: May 17, 2018, 12:53:24 pm »
One of my life dreams is build a missionary trust where funds are released on a monthly or yearly basis. Whatever that value may be is irrelevant to me. Just that the trust is self-sustaining and gives (hopefully) a steady stream of funds while maintaining itself. I see Sanctuaries being able to play that role. Churches could pool to make a sanctuary and then fund the church financials or give to specific missions (charities, missionary in a specific country) to spread the great commandment in its daily form.

Mark 12 ESV 29 Jesus answered, “The most important is, ‘Hear, O Israel: The Lord our God, the Lord is one. 30 And you shall love the Lord your God with all your heart and with all your soul and with all your mind and with all your strength.’ 31 The second is this: ‘You shall love your neighbor as yourself.’ There is no other commandment greater than these.”

Financials should only be a concern in that it may multiply our ability to carry out the work Jesus called us to do... not to enrich us materially. This is a harsh statement, but IMO, those that hold masternodes specifically to enrich themselves only are not aligned with the Bible.

I agree with this, and it's also why I think that having charities with their own Sanctuaries is something we should applaud at BiblePay. It's a vote of confidence. I can't wait until a charity decides to submit a proposal to buy their own Sanctuary, and I hope that more will follow.

A side-note is that BiblePay probably won't be able to sustain itself when most of Sanctuary-owners are charities.

Paradoxically, the great thing about BiblePay - in my opinion - is that it's open to profiteers. What I mean by this is that an investment in BiblePay goes hand in hand with the thought about what your personal profit actually means. What does it mean for yourself to own a Sanctuary. And this question strikes an accord with myself personally, because I will fully acknowledge that I'm partly here because I see an investment in BiblePay as an investment in my own future.

So, in conclusion, I think that in order for BiblePay to survive, I think we need both investors and charities.

Production Proposals / Re: Biblepay Charity Commission - Revised
« on: May 17, 2018, 11:30:42 am »
1) What happens if the BBP/BTC pair rises? Is there be a mechanism for giving at steady accelerated rate versus giving spending the entire amount? Spending each month becomes a feast or famine approach. If there's a surplus, I'd be for a steady rise in giving like 5% more each month... It's a way for all organized structure to adapt to growth slowly from BBP side and charities.  If the BBP/BTC price drops, I think a similar approach of reducing payments slowly could also occur.

2) @jappgvk "is have some fixed BBP address for every charity that we are partnered with, so that people can send BBP to those addresses if they want, knowing that their BBP will go to the right place."

I agree with the idea but I also see some issues with potential fraud. Third party could advertise addresses not authorized or slightly different from the charity to siphon donations. Once you open this up, there's a lot of potential for fraud. Centralized giving in some ways is more secure.

3) I don't know what country each charity manager lives, so I'm curious what income tax reporting looks like for all three of you (compassion, cameroon, and bloom). For example, Rob A. gives to Compassion on his AmEx. Does he have to report this as personal charity giving on his income tax because he pays with his American Express. And his American Express, I'm assuming, is a personal credit card?

4) Is the BBP Foundation already a non-profit, LLC, or some sort of business entity? Is all the giving already recorded under the umbrella organization of BBP Foundation?

5) I just worry if wallets or Rob or jaap dies, the charities may miss a payment... are there recovery plans for disasters like this?

Hi LifeThruGrace,

I haven't seen you here before, so first of all: welcome and thank you for your feedback :)

1) Currently there is kind of a buffer. I think that you could say that we'd like to see at least a buffer of six months for charities. I think that - in the current climate - such a buffer would be pretty safe to market fluctuations.

2) I agree on the window for fraud. Someone could hack and change the addresses. I was thinking about They have a similar system where you can donate to specific causes. I guess that voting via proposals is the way to go, but apart from that, I think that donating FIAT is also a worthwhile goal to pursue for BiblePay.

3) I don't know the answer to this question, but as far as my knowledge goes Compassion, CameroonONE and BLOOM are all based in the U.S.

4) Presently BiblePay isn't any kind of business entity, although experienced people have come forward and volunteered to help BiblePay with becoming such an entity. I think that part of BiblePay will inevitably structure like such an entity in the future.

5) I can only speak for myself in this case. Concerning charities I transfer the crypto to the charity I'm helping as fast as I can (I don't like keeping funds on exchanges). Concerning my function as treasurer: people I trust have the knowledge to access my funds. Although I see that my function in BiblePay is not decentralized in any way, I would like it to be that way as fast as possible.

Can you make Magnitude 0 to 100 instead of 1,000? 0 to 100 makes more sense as a percentage than 0 to 1000. Easier to comprehend right away.

I agree with this. It's more intuitive.

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