Bible Pay

Recent Posts

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1
Pre-Proposal Discussion / Re: Spanish Translation
« Last post by Rob Andrews on August 05, 2020, 10:59:54 AM »
Also, Eli, please post your bbp address also so we can pay you for the two you have completed,
Thanks.
2
Production Proposals / Monthly Superblock Budget Change
« Last post by Rob Andrews on August 04, 2020, 09:21:39 PM »
Since we voted that sanctuaries will sponsor orphans starting in the next mandatory, this means that Sanctuaries are paying the lions share of the charity expenses in the future.

This means that BiblePay should not pay the primary charity expenses from the monthly governance superblock (this is approx. 10% of the coins emissions).

I propose that we reduce the monthly superblock budget (by removing the charity component) and apply it to the coinbase reward, and we raise the sanctuary portion of the coinbase (approximately to the proper percentage that rewards this amount primarily to the sanctuaries).

This means the monthly budget will drop to 4.8 million (from 9.7 million) - and we will clarify the breakdown on the website to:
8.75% - Monthly governance:
- 50% IT
- 25% PR, P2P
- 25% Miscellaneous

And the 8.75% would be added to the sanctuaries, bringing their reward up to 41.25% (from 32.5%).





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** Kairos Update **

Kairos is our orphanage partner in the Philippines.  We sponsor 14 of their 24 children.

Please see this update about Kairos, which basically sets the standards for children participation in their program and provides an update about their school program:

http://san.biblepay.org/Mission/kairos_update.mp4

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Pre-Proposal Discussion / Re: Spanish Translation
« Last post by Rob Andrews on August 03, 2020, 02:22:57 PM »
Hi Rob (:

Hehe, I want to thank you for giving me the opportunity of being part of this exciting project.

<COMMENT> I think BBP should remain the same - I strongly believe it is the only Christian Crypto project out there, and that is exactly its inner strength! By doing this work I've learned a lot about it, a little bit about you,  We have to be patient, attach to the Roadmap and have faith that, if we do it for the proper reasons, God will help us all! </COMMENT>

Please let me know when/how we can have a nice chat Rob.

Sincerely,

Elias

Thank you Ely,  I believe you are right about staying the same.  We built up a brand, and it was a little marred, but now we have fair weights and measures (randomx merge mining + podc), and the Holy Spirit.  And no more swearing in this current forum.

Let's try to build on the foundation that God has given us then.

Rob
5
Mining / Re: New XMRig release - mandatory update?
« Last post by earlzmoade on August 03, 2020, 10:04:22 AM »
Hello ely!

If you could give us some more information, like what cpu that you have , what os that you are running ,  what  ddr ram you have installed and so forth..

From personal experience its not uncommon to get that xmrig dont allocate all necessery large pages for optimal performance,   for me reboots fixed the issue. 

Have a great day! :)
6
Very exciting news! I am all for it.

Currently I am using a very limited Internet bandwidth account.
In order to participent in the new storage feature, will I need to pay for a sagnificant internet bandwidth increase ?
Can you estimate how much bandwith each storage participent will need ?

Thanks,  so in this first version, the user and miner - they do not have to mine any data or do any indexing, so for the user experience they will not see an impact on bandwidth or file storage costs.

There will however be a sidechain that syncs metadata from the sancs, so the user will be pulling that down once, but its very minimal - and, they wont pay a significant bandwidth unless they actually pull down documents.  They can do that either manually with commands, or if they navigate to some decentralized type web sites that one of our users create(s).

The sanctuaries will have an increase in bandwidth because they will index the sidechain metadata and also the DSQL queries. 

Today, the encryption is now working, so now we have encrypted, non encrypted, storage density options, lease duration, and paid hosting transactions working.  Another words, in testnet you will be able to pay 3000 bbp to store a PDF with a density of 4 that is 12K in size, encrypted or non encrypted for 6 months, and it will be available theoretically even in the tribulation (due to the fact that its stored in 4 areas of the world).  We have Europe, America East and West, and Canada in the solution.

But the sidechain is not finished, so Im trying to see if we can get that v1.0 finished and into testnet by August 25th so we can potentially roll out a beta version of this for September.

Id also like to keep the BiblePay Greeting Card generator and home delivery of documents in the roadmap, as those two things work through APIs that appear to provide pretty good use case(s).

7
We finally have a real world use case for BiblePay coming in the very near future.  It looks like the features will be in testnet within 30 days at this point.
Very exciting news! I am all for it.

Currently I am using a very limited Internet bandwidth account.
In order to participent in the new storage feature, will I need to pay for a sagnificant internet bandwidth increase ?
Can you estimate how much bandwith each storage participent will need ?
8
We finally have a real world use case for BiblePay coming in the very near future.  It looks like the features will be in testnet within 30 days at this point.

Users will be able to host their files in multiple regions (IE with a selectable level of storage density from 1 through 4), for a selected duration (30 to 365 days) and we will support both small and large files.  We can now store long videos that are over 100 megabytes, and our hosting is compatible with HTML5 video tags (so yes, you can write an entire web site using BBP assets).  Side note:  This storage is not a joke either:  The system will be so resilient that we can back the data with real SLAs and guarantees of quality.

One other feature I am working on releasing first (so that it is part of this next release) is the encrypted option.  We will allow the user to encrypt data before it leaves their machine - then they can not only host public assets, but also private assets.  We will also offer an alternative to FTP for corporations who need EDIs.  This solution already works with a high degree of compatibility to SFTP, therefore we will be able to offer an alternative to SFTP.  For example, lets say IBM wants to transfer a morning file to Microsoft at 8AM, they can do it over the BiblePay IPFS encrypted solution and help support orphans at the same time (and cheaper than setting up an SFTP server for one particular integration, etc).

We also have a c# version of BIPFS coming out in September.  This allows c# developers to send files through biblepay without using the c++ wallet.
Therefore, a user can either:  Send a file through the c++ wallet and automatically pay the storage fee (and we do have a dry-run quote), and the file is sent through c++, or they may download our c# opensource solution, and add a charge key (this allows their BBP wallet to be debited when they send a file).  Either way, the file will contain the same storage parameters and quality levels.

I am also working on one suggestion I received from Ely:  that if we offered an easier to use Dynamic Whale Stake option, more people might burn whale stakes.  In response to this, I'm adding a method to the biblepay-QT wallet to invest BBP for 90 days (without going to the command line) from the UI.  The user will click "Dynamic Whale Stake" (and the default will be 90 day duration), they type the amount to burn, and click Send (this is similar to donating to the foundation). 

On a different note I was thinking back about comparison of this project from the beginning til now, from God's perspective.  I believe that this project is much more aligned with God's true purposes now than where we were in the beginning. 

Finally, comparing BBP to Bitcoin:  To mine bitcoin, you have to use an ASIC and you compete with a farm of mining monopolies who have more money and more machines in a smaller number of hands than you.  With BBP, you use commodity PCs with RandomX, and each individual has their own stake.  With BBP, our charity is raised in two revenue streams:  XMR, and by contributing sanctuaries.  Our charity expenses are no longer being spent right out of the coinbase (or from the governance budget).  This will lower the impact of sales pressure.  We have PODC (cancer mining), so half of our electricity is spent for good use, and the other half is merge-mined (meaning we dont have to spend the entire electricity cost from BBPs pocket).  Our only deficiency is in Mobilizing our use case so we become a usable currency.   This is the primary advantage bitcoin has over BiblePay.



 




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BiblePay discussion / Re: Idea: Advertise Biblepay BBP
« Last post by togoshigekata on July 31, 2020, 09:38:26 PM »
Looks like I tried 4 times with Bitcointalk :(
https://forum.biblepay.org/index.php?topic=83.msg4574#msg4574

=

But there are still a lot of other forums!:
https://bitcointalk.org/index.php?topic=2388064.msg52642234#msg52642234

Every post can help multiply our cause, please post! spread the word!
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I saw this chart today of BTC/DXY.  It is 'postulating' that a devaluing dollar is causing a bullish BTC value.

It almost looks like one is hedging the other.

I'm not fully trusting in long term BTC investing, because I still believe a lot of old-timers in the stock market short the BTC futures. 
But its possible that as the dollar collapses, those old views might be out the window now.

Im also very hesitant to buy BTC when its price is high, especially since I feel that during the next riots in the US, there will probably be a drop in BTC, at least once more.

Anyway this is just to notify everyone of this trend - and that potentially, its time for the dollar to drop significantly.  China and Russia are now trading almost all their oil trades in Yuan now (that is devastating to the dollar).

And, with Coronavirus causing the fed to print trillions more, the dollar does not look very healthy for the long term.

I certainly feel a deflationary investment is much more sound than the dollar.  Now all we need is to make BiblePay's base as strong or partially as strong as DASH, then we can allow investors to feel at ease when they go to liquidate BBP positions.

It all starts here - with a positive outlook and a growing community.

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