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Messages - Rob Andrews

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151
BiblePay discussion / Re: RandomX Giveaway for New RandomX Miners
« on: August 17, 2020, 07:05:22 PM »
Thanks for your quick responce sir. I am using dualcore - 8gb ram computer spare just for this project and looks good enought in Biblepay cpu mining, we are approx around 45 church members within vicinity of General Santos City, Mindanao decided and started to mine within the low quality computer hoping to earn at least in this pandemic situation. We are really new to this mining and internet connection is not that fast so hashrate i think 200 -500h/s. We are hoping cpu mining will be worth it and will not consume more electricity since electricity rate here is high. Thanks and God bless us all. - Rex

Thanks Rex, sounds like a good plan, and welcome aboard, sent!


152
Here is my first stab at the Dash Stake user guide:

https://wiki.biblepay.org/Dash_Stake

Needs a lot more user friendliness and explanation about USDBBP-USDDASH ROI still.  Will try to improve it over the next 20 days.


153
1.5.2.1b-Mandatory Upgrade for TestNet

- Add DashStake (dashstake, dashstakequote), autolocking of BBP collateral held in stakes, Dash Reward icons in QT UI
- Add right-click Copy UTXO action to coin control
- Fix DIP008 for Prod release, and, set new LLMQs params for PROD release
- Add show exchange button to QT
- (Fix cosmetic display bug in dashstakequote in 1.5.2.1b)

MIP will be building the MAC release soon.

154
Here:
https://wiki.biblepay.org/Proof_Of_Orphan_Sponsorship

Oh ok, no wonder both you and I were confused.

I wrote that way back when I knew very little about what we would become, and, I think that concept had more to do with creating a domain that sponsors orphans etc.
IE before we even had a partner (cameroon-one) to help us establish the relationship between orphan bios and sanc, etc.

The thread for POOS is here:
https://forum.biblepay.org/index.php?topic=569.0

To cut down confusion, I changed the name of that old POOS wiki to proof of retirement and moved it.

Thanks.


155
Thanks for answers.
I was asking about retiring PODC, because I read POOS wiki and there is written, that it's neccessary to retire PODC to be effective.
Maybe in 2-3 months I'll be lowering down my VPS, so my income from PODC won't be so interresting as now :)

As I understand it correctly, what look worse to me is POOS on MN. I was hardly try to get enough BBP for my next MN (even with thanks to your fractional sanc :)), but now it looks, that I won't be able to maintain even one sanc, so my BBP will be laying down on my wallet and not earning anymore :(
Now my sanc gives me around 100k BBP which is around 10-12€ and I think it won't be profitable even with lower number of sancs.  $40 a month is too much for me. Sorry. But it will be better to others :)

I'll try to check testnet before mandatory to take a look on changes.

Have a nice day to all :)

Hi Orbis,
Can you please paste the link where we said PODC must be retired in POOS?  Maybe we originally discussed it but for now, afaik, PODC will stay along with RX.

On the sanc income, if we only have 25 sancs, the BBP earnings should be much higher, but we just have to wait it out to see the actual figs.

On the testnet testing, we have a mandatory upgrade coming in about 2 hours so please hang on for the latest version,
Thanks,
Rob

156
BiblePay discussion / Re: RandomX Giveaway for New RandomX Miners
« on: August 17, 2020, 01:38:03 PM »
Greetings to all. I hope my entry is good Mr. Rob Andrews. God Bless.

Code": "BBk6dvEATKS7rR2kArDnNnmwsgtssvkrjF-0-49-146-34-217

Hi Rex,

What area are you from and what attracts you to BBP?
Finally, what kind of machine are you mining from and whats your hashrate look like in the XMRig?

Rob

157
Is creating a sanctuary harder since moving to newer DASH code?

Yeah, it is relatively complicated.  Its still a page full of archaic commands and requires a guide to do it.  I personally recommend creating the sanctuary the old way (send 4,500,001 to your address, copy the txid vin and add an entry to the masternode.conf file, and then just upgrade the sanc to deterministic using this command - all you need is the sanctuary nickname):
https://forum.biblepay.org/index.php?topic=391.msg5968#msg5968

The primary reason I recommend this method is that BIBLEPAY (our niche feature) stores your BLS key info in the deterministic.conf file (thats one of our files). 
This allows you to revive the sanc later using our commands.

Otherwise, if we were entrirely dash, I would recommend the DASH way, but since we have advanced features - I found it extremely useful to be able to access that key and also run the 'exec revivesanc' command any time we get POSE banned.




158
Production Proposals / Re: Vote on Future Currency Name II
« on: August 16, 2020, 08:47:01 PM »
If there is a coin name change, would you remove the Bible verses (English KJV & Chinese characters) from the QT-wallet?

I really think we should keep the bibles in and the verses in - for the sake of persecuted Christians in areas of the world who are underground.

I think we would want to have a completely agnostic looking forum and wallet, IE free of religious connotations, but still have prayers and menus for the gospel.

But I do stress that we should really keep our feelers out for the rest of the year and sense if we are in the season of the Lords return, as if all vision and prophecy is to be wrapped up then our priorities have to be on the Lord and not on improving BBP's cosmetic appeal; etc.

These are just my opinions on the matter and I welcome counsel from everyone.


159
Hi all,
sorry for not be here for a longer time, but I have busy time at home and work :) :(
But I'm still keeping an eye on BBP :)
Today I have try to read, what will be changed in next mandatory and I'm little bit confused.
Rob, can you please try to explain me what and will be changed?
As I read it, I get that there will be POOS, but I have few question.
POOS will be here instead of PODC, so it won't be necceccary use PC power to take rewards?
What is the lowest possible donation to POOS? Or it still 38$?
I'm asking, because my payment for my VPSs is 12€/month and that is maximum what I'm possible to invest monthly. Does it mean, that I won't be able to mine?
How will be POOS connected to sanctuary? Will it be necceccary to donate for sanctuary rewards too?
How will be the rewards (payouts) changed?
Will be the coin name changed (BBP to DAI)?

Once again, I'm sorry, that I didn't helped in testnet this time.
Thanks.

Hi Orbis, its nice to see you have been hanging around!  No problem--

So, we are not retiring PODC, so you can still receive PODC and RandomX rewards.

POOS simply requires all the existing sanctuaries to re-lock their capital, and sponsor a Cameroon-One orphan for $40 a month in order to receive sanctuary rewards.  (Otherwise they get POOS banned in the sanctuary list).

You still have to keep the machine sending GSC stakes for PODC though daily (but of course for POOS, you dont need to power up your home PC, but you need to have a dedicated sanc running instead).

As far as POOS being connected to a sanc, take a look at the QT testnet sanc list.  Cameroon one will make a bio for each sanctuary.  If it exists, the sanc gets paid.  If it does not exist, the sanc starts getting banned, etc.  Cameroon will EDIT the bio if the user falls behind in payments.

Sancs pay a dynamic reward (depending on how many exist) so I believe that completely answers that question, but let me know.

I added a blurb in the DAC (coin-name) discussion thread that I think we should wait and put that decision off for 6 months.  At this point I personally lean a little tiny bit more to BiblePay again, based on our existing reputation we have built up.  The votes for it were really mostly neutral.


160
A CALL FOR HELP!

Approximately 2-3 months ago,Moises cabrera got really sick and was told he had a bacteria in his stomach. As the days went by, we noticed he didn’t get any better and due to the severity of the issue he was hospitalized last month. For an unknown reason the bacteria started causing heart failure. Moises cabrera had an open heart surgery in the past so this is a major problem. The doctors are not 100% sure what caused it but his heart is not doing good or getting better. The medicine he is on at the hospital is what is keeping his heart going. After speaking to the doctors today, 8/4/20 the next steps would be to get him an LVAD surgery that can cost up to $200,000 while he is on the list for a heart transplant. Without this, he doesn’t have much time left. He will need to stay on the medication that is making his heart work and this will cost $2,000 per month. Moises cabrera was the sole provider for his wife and two young daughters (ages 17 and 8 ). We are doing what we can to help provide but we cannot afford the surgery or the medication for him to have it at home. I know times are extremely hard right now but if there is any way you could give a small donation or share this, it would mean the world to us. We are hoping this can help us afford his medications, any treatments and help the family with essential expenses. Thank you in advance for helping and donating. Please keep moises cabrera and family in your prayers, we truly need it more than ever. We know God works in amazing ways so we are trying to stay as optimistic and positive for him as we can. Once again, thank you and may God bless you .


BBP:BAVxQTzeFXJaYnpNehSr7dfoJuLQQ2YcVw

BTC:1EsxWygFxNJnLShFB2WpsGBLNcayquRk12

Sammy, if you go to foundation.biblepay.org, you can populate the Forum Rewards address in Account Settings and get rewarded for posts here also.



4200 BBP

161
Sorry, the small text is not intentional. I seem to have problems with font sizes even after I click on remove formatting.


The text that is small says the following:


First, thank you for setting up a fantastic free service for fractional sanctuary. It is super easy for BBP users to participate in. Setting up a server up is a bit harder, costly, and I know a few people I helped setup quit after a mandatory upgrade.

2600 BBP

Thank you for the compliments, Sun.



4200 BBP

162
Okay, I like this idea more after running the calculation. It'd currently take about 10 DASH to equal 1 BBP sanctuary (4.5M BBP). A 30% return on BBP would currently be $271, while a 1% fractional masternode would net $47. So, between DASH and BBP, BBP becomes the better option to buy and hold.


https://masternode.live/currencies/DASH/Dash (10 DASH nets $47 when annualized).


Of course, I think an ongoing ROI chart would be helpful, but I think BBP has a lot of room to reduce in price and/or DASH would have to significantly increase in price for DASH to be the winner in this scenario.

Yes, it gives an extra avenue of use case to BBP.

One thing we may be able to do with it is market it as a truly useful and resilient investment like this:

- For those who desire crypto exposure (think Christians with a retirement account and 0 crypto):
we recommend they buy $10K of dash and $10K of BBP, and between the two they are highly diversified.
They earn a hefty ROI at the same time.

And hedge against devaluation of the USD.


163
First, thank you for setting up a fantastic free service for fractional sanctuary. It is super easy for BBP users to participate in. Setting up a server up is a bit harder, costly, and I know a few people I helped setup quit after a mandatory upgrade.


Did the deposit limit change to 4.25M? What was your reasoning for the deposit limit? It must be more work for you the more BBP you have to manage because a new sanctuary has to be spun up every time? If we could deposit more BBP, what are your thoughts on a daily charge to cover your hosting costs at least? I know you've mentioned that if a sanctuary holder sponsors a child, it is more personal and it becomes a 1-on-1 type of relationship, where a frac sanc sort of makes it a group effort. That in itself is not bad, but I suppose, it makes the investor less vested in the child than a 1-on-1 type of situation?

Could you please check the post and edit it to make sure its visible - I dont want to give the impression to the users we are hiding anything.

As far as Deposit Limits, these changes were set to be released to prod in 12 days (for POOS), but, today, we had some type of script kiddie attacking the pool so I had to make a release and therefore some of the new rules got released for September to prod (which is OK, none were created yet that charge for orphans attached to fractional sancs).

The idea is that I believe I will want to limit fractional sanctuaries to 4.25MM once we cut over to POOS, because I want them to sponsor their own orphans (with their own sanc, if they have that much capital), and not rely on the pool to do it.  This is primarily because I want the maximum chance of an investor paying USD or fiat for the orphan (and not using the pool to liquidate BBP to sponsor orphans as that drives our price down).

As far as hosting costs, I incur a lot of fees and at this time Im not seeking rewards.  The pool does support charging fees (from miners) so this in no way stops another pool from starting and charging fees (they can set 1%, 2%, etc whatever they want).  Id rather see bbp grow first so Im trying not to hamper the sponsorship of orphans.

Yes, fractional sancs definitely make our children feel alien, as compared to a single sanctuary.  A single sanc has more of a propensity to write to an orphan.  However, we also need an onboarding method for some of the 240 sancs that are about to be unplugged on September 5th that might feel like $40 a month is too much but want to help our cause.






4200 BBP

164
So, in terms of fiat value, I'd have to hold equal amounts of DASH and BBP as a UTXO to get the 30% ROI?


And how is 30% calculated? Would it be paid out in BBP?
Will dashpay continue to be a BBP options, so for DASH investors that want to convert some BBP to DASH, they still can easily?

 I'm thinking of a situation where you would need to rebalance your portfolio because BBP price has risen and DASH has not, so you'd need to reallocate some BBP
to DASH for optimal interest rewards.

Is the ROI percentage locked in for 90 days (or however many days) even if the fiat price of the respective altcoins change?

On the DASH wallet side, is a desktop wallet required or could a DASH electrum wallet
 also be able to submit whatever command is required to lock the DASH?



So, in terms of fiat value, I'd have to hold equal amounts of DASH and BBP as a UTXO to get the 30% ROI?

->  I've been creating a code prototype so now I can answer these questions with theoretical confidence (in contrast to the original idea).
The Dash-Stake would enter the BBP chain with a 1bbp BURN contract, referencing two UTXOs:  THE BBP UTXO, and the Dash UTXO.
Your ROI would be based on the lower of the two market values at the time the contract is created, but, denominated in BBP.
So if you reference $1K of BBP and $2k of DASH, your contract will reference the quantity of biblepay $1k represents.  We never allow a contract to represent more BBP than the BBP UTXO however, so we use the MINimum of those two also.



And how is 30% calculated? Would it be paid out in BBP?
->  Yes, the 30% is paid out in BBP as amonthly STRIP reward.  (This is a reward at the tail end of the days GSC contract).


Will dashpay continue to be a BBP options, so for DASH investors that want to convert some BBP to DASH, they still can easily?
->  Yes, dashpay will still work also.



 I'm thinking of a situation where you would need to rebalance your portfolio because BBP price has risen and DASH has not, so you'd need to reallocate some BBP
to DASH for optimal interest rewards.
->  Yes, the contracts will be 6 months long each at first ( later we might allow the user to tailor that but I want to think about that more first so now its 6 months duration for all).  If it gets out of balance, you can create a new contract. 


Is the ROI percentage locked in for 90 days (or however many days) even if the fiat price of the respective altcoins change?
->  The ROI itself is locked, regardless of the price of the fluctuating currencies.  The only thing that can cause a contract to nullify is if the user spends one or the other UTXOs.


On the DASH wallet side, is a desktop wallet required or could a DASH electrum wallet
 also be able to submit whatever command is required to lock the DASH?
-> They will have to type 'signmessage UTXO-ordinal' into the RPC-- and it has to be signed with the coin that owns the UTXO -- this is something you can help me with - see if electrum supports signing messages.









165
Thanks Rob for reaching. This weekend I am out in the high mountains and have very limited bandwidth so I don't think I will be able to upload the binaries (and in Mac it is required twice, once for notarising the DMG at Apple, and another one to biblepay.org FTP site).

On monday morning I will be back to a civilised place and I will be able to get it ready.
Sorry for the delay and the inconveniences..

That sounds great!


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