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BiblePay Current Discussion / Re: BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes)
« Last post by Rob Andrews on Today at 07:05:18 AM »2026 Update
I hope everyone is good and God bless you.
I was analyzing our codebase the other day and thinking of ways to decentralize Biblepay, so that there is no risk that if I die (for example) that the project will cease.
Although the work we did on the exchange was a good start, I feel like this can be improved by further decentralizing the exchange to be fully autonomous and living outside of both wallet code and API code.
(As an example, the model of our DEX doge and bbp mined keys stores value in the chain, requires an API to be hosted on someones server, which could add security weak points when deriving keys - similar to the DEX cross chain transfer problem in Ethereum that operators of uniswap and pancakeswap go through).
Thinking of a model that might solve almost all of our dex problems, it would be beneficial if BBP had some native tokens on the Ethereum (BSC) chain so that we could start a DEX that is 100% decentralized by using smart contracts. I designed a DEX smart contract that allows the owner to renounce ownership. Since smart contracts are programmable money, these contracts can Receive funds and store them like a bank, and only emit them when trades occur.
This means that I can release an exchange (or DEX) to the community that allows anyone to perform the cross currency transfer atomically.
To pull this off we need a native BBP currency on BSC (binance smart chain as a BEP-20 token). Right off the bat, I am designing this to avoid a BBP wrapping service (the downside of the wrapping service is then you have to trust the web site who runs the wrapper and unwrapper). I have a design that again allows us to renounce ownership and go live fairly, with tokens, that do not require wrapping and unwrapping.
Like this:
- Rob releases Smart Contract 1 (BIBLEPAY on BSC) - our ethereum type token. This token would have a 1B max cap and would be minted by any user who sends ShibaInu (BSC) to the contract address. There is a mining cap per day of something like 1M coins - for up to four years. After the 4 years are up, the original owners of the shiba can withdraw those coins as well. The minted coins go to the user who sent the Shiba to the contract. All this does so far is establishes a presence on BSC with our new BBP token. Note that I have nothing to do with ownership as I have no rights to withdraw coins more than any other user. No wrapping service is required or created. Coins are minted into existence by sending Shiba to the contract to get started.
- Rob releases Smart Contract 2 (Biblepay DEX) on BSC. This DEX would allow trading between a currency pair (initially BBP/Shiba), but in the future more of these contracts could be released that allows exchange for any coin to any coin. The main win here is this would give us a truly decentralized dex that does not require an owner to run an API to run the exchange. This DEX would receive orders, store the users tokens in the smart contract, and only release and fill an order that matches or crosses (including fractional trades). Anyone who wants to run a satellite pool (or site similar to unchained.biblepay.org) could run more of these and those would use the same smart contract, share the same list of orders, and interact with it in a public way, but notice how no private keys are stored on the web site owners server? This is great for security and means it is truly decentralized. This is accomplished because smart contracts act like a bank, when funds are sent to the contract they are locked in and released on the rules where the bid/offer must be higher than the ask only; not on the command of the API to release the coins.
I believe this model will help BBP gain more traction and fulfill our future at least on the finance side. Obviously there is a lot of work to do in parallel on the gospel side as well.
So this is what Im working on next. Once this is done I plan on retiring the current BBP/DOGE exchange and removing the code for wrapped DOGE in the wallet to bring it back to purity for the coming Quantum apocalypse. We need to slate in the changes for quantum once released by bitcoin, inherited by dash and then merged into BBP as well.
On another note, there is a lot of unreleased code on the API side that is still valuable (we can host a prophecy video room, host music) and act as a cdn; that will get released as soon as possible, hopefully by end of 2026 as well.
After the BSC exchange is live, we can work on making more smart contracts that use NATIVE erc-20 biblepay for portfolio builder and NFTs. The improvement here being NFTs can be quoted in ERC-20 BBP, and exchanged in a decentralized way, and the portfolio builder will have rewards going directly from the smart contract to the users balance (those who hold homogenized AltToken + erc20-BBP) and due to the clarity act, we can pay those when a user Reads a bible verse on the web site and hits re-stake on a regular basis (which would re-compounded the rewards) and meet the legal requirements that are coming for blockchain reward interest payments.
Also good news, once our finances are back, we have an offer to list us on BitMart in the future for an affordable amount; pray for us to raise those funds and please pray for the future of BBP as well.
If you are wondering what the mechanics of L1 cross chain to native ERC20 pricing would be (Ie what would keep the arb between the two), it looks like this:
Native L1 Core wallet BBP: 5B coins; exchange value is maintained by two sources:
1) The Unchained bridge between ERC20-BIBLEPAY and core BBP.
2) The future BitMart centralized exchange
3) The ERC-20 DEX that anyone can run to influence the price of ERC20-BIBLEPAY.
I believe once there is a demand for BBP for our core use cases (such as the upcoming financial analysis system) these token imbalances will quickly equalize.
There will probably be a temporary peg to shiba inus price while the initial coins are released.
I hope everyone is good and God bless you.
I was analyzing our codebase the other day and thinking of ways to decentralize Biblepay, so that there is no risk that if I die (for example) that the project will cease.
Although the work we did on the exchange was a good start, I feel like this can be improved by further decentralizing the exchange to be fully autonomous and living outside of both wallet code and API code.
(As an example, the model of our DEX doge and bbp mined keys stores value in the chain, requires an API to be hosted on someones server, which could add security weak points when deriving keys - similar to the DEX cross chain transfer problem in Ethereum that operators of uniswap and pancakeswap go through).
Thinking of a model that might solve almost all of our dex problems, it would be beneficial if BBP had some native tokens on the Ethereum (BSC) chain so that we could start a DEX that is 100% decentralized by using smart contracts. I designed a DEX smart contract that allows the owner to renounce ownership. Since smart contracts are programmable money, these contracts can Receive funds and store them like a bank, and only emit them when trades occur.
This means that I can release an exchange (or DEX) to the community that allows anyone to perform the cross currency transfer atomically.
To pull this off we need a native BBP currency on BSC (binance smart chain as a BEP-20 token). Right off the bat, I am designing this to avoid a BBP wrapping service (the downside of the wrapping service is then you have to trust the web site who runs the wrapper and unwrapper). I have a design that again allows us to renounce ownership and go live fairly, with tokens, that do not require wrapping and unwrapping.
Like this:
- Rob releases Smart Contract 1 (BIBLEPAY on BSC) - our ethereum type token. This token would have a 1B max cap and would be minted by any user who sends ShibaInu (BSC) to the contract address. There is a mining cap per day of something like 1M coins - for up to four years. After the 4 years are up, the original owners of the shiba can withdraw those coins as well. The minted coins go to the user who sent the Shiba to the contract. All this does so far is establishes a presence on BSC with our new BBP token. Note that I have nothing to do with ownership as I have no rights to withdraw coins more than any other user. No wrapping service is required or created. Coins are minted into existence by sending Shiba to the contract to get started.
- Rob releases Smart Contract 2 (Biblepay DEX) on BSC. This DEX would allow trading between a currency pair (initially BBP/Shiba), but in the future more of these contracts could be released that allows exchange for any coin to any coin. The main win here is this would give us a truly decentralized dex that does not require an owner to run an API to run the exchange. This DEX would receive orders, store the users tokens in the smart contract, and only release and fill an order that matches or crosses (including fractional trades). Anyone who wants to run a satellite pool (or site similar to unchained.biblepay.org) could run more of these and those would use the same smart contract, share the same list of orders, and interact with it in a public way, but notice how no private keys are stored on the web site owners server? This is great for security and means it is truly decentralized. This is accomplished because smart contracts act like a bank, when funds are sent to the contract they are locked in and released on the rules where the bid/offer must be higher than the ask only; not on the command of the API to release the coins.
I believe this model will help BBP gain more traction and fulfill our future at least on the finance side. Obviously there is a lot of work to do in parallel on the gospel side as well.
So this is what Im working on next. Once this is done I plan on retiring the current BBP/DOGE exchange and removing the code for wrapped DOGE in the wallet to bring it back to purity for the coming Quantum apocalypse. We need to slate in the changes for quantum once released by bitcoin, inherited by dash and then merged into BBP as well.
On another note, there is a lot of unreleased code on the API side that is still valuable (we can host a prophecy video room, host music) and act as a cdn; that will get released as soon as possible, hopefully by end of 2026 as well.
After the BSC exchange is live, we can work on making more smart contracts that use NATIVE erc-20 biblepay for portfolio builder and NFTs. The improvement here being NFTs can be quoted in ERC-20 BBP, and exchanged in a decentralized way, and the portfolio builder will have rewards going directly from the smart contract to the users balance (those who hold homogenized AltToken + erc20-BBP) and due to the clarity act, we can pay those when a user Reads a bible verse on the web site and hits re-stake on a regular basis (which would re-compounded the rewards) and meet the legal requirements that are coming for blockchain reward interest payments.
Also good news, once our finances are back, we have an offer to list us on BitMart in the future for an affordable amount; pray for us to raise those funds and please pray for the future of BBP as well.
If you are wondering what the mechanics of L1 cross chain to native ERC20 pricing would be (Ie what would keep the arb between the two), it looks like this:
Native L1 Core wallet BBP: 5B coins; exchange value is maintained by two sources:
1) The Unchained bridge between ERC20-BIBLEPAY and core BBP.
2) The future BitMart centralized exchange
3) The ERC-20 DEX that anyone can run to influence the price of ERC20-BIBLEPAY.
I believe once there is a demand for BBP for our core use cases (such as the upcoming financial analysis system) these token imbalances will quickly equalize.
There will probably be a temporary peg to shiba inus price while the initial coins are released.