Bible Pay

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Active Discussions / Re: Testnet - Test Proof of Giving
« Last post by sunk818 on February 09, 2019, 06:24:37 pm »
This is a can of worms. Talk to your accountant and hope so/he understands crypto.

Donating BBP if you're going to file would be value at the date of transaction not value on a different date. You might use CMC historical rates and figure out your donations.

But since you're donating BBP and possibly earning bbp as well...  And since it is bbp to bbp is it really a taxable trade?

And then you're not the one selling to BTC and then to fiat... So who gets the deduction?

Filing taxes for crypto is already complicated but trying to declare for orphan foundation is likely something no accountant understands.
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Active Discussions / Re: Testnet - Test Proof of Giving
« Last post by way2 on February 09, 2019, 04:34:51 pm »
Also, how do I get my coin age?
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Active Discussions / Re: Testnet - Test Proof of Giving
« Last post by way2 on February 09, 2019, 04:16:42 pm »
Could you give me an example of what you mean, for you personally, for our org as a whole, for what charity, and for what purpose is it for?

This is a donation of personal funds by each participant to a charitable foundation that functions as a pass through to Compassion International.  I haven't been able to get donations to go through yet, but if I did 200 BBP every four hours, that would equal $94  for 2019 at current prices.  This isn't a big deduction to miss out on, but if BBP price goes up significantly, being able to deduct that from my taxes could become a big deal.  There are specific reporting requirements for these types of donation, so how do I access the tax reporting for next year's taxes?
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BiblePay discussion / Re: Economical model thoughts and current state
« Last post by jmmc on February 09, 2019, 07:59:21 am »
It was pretty obvious during BBP spike yesterday. BBP up, BBP down to 4 sat.
Oopps...It was pretty obvious during BTC spike yesterday. BTC up, BBP down to 4 sat.
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BiblePay discussion / Economical model thoughts and current state
« Last post by jmmc on February 09, 2019, 04:39:24 am »
I'm BBP supporter since almost the start of the project but I would not "invest" in BBP without being Christian and considering charity factor.
At the beginning I just took it like "fancy"  way howto support orphans, preach gospel via cryptocurrency project.  So here we are. 
I was buying most around ATH not much thinking about the project from investment PoV.
However I hoped that much more Christians world would grasp this idea.
I invested into this project something about 3 BTC when BTC was much more valuable  and tried to help the project from time to time.

Now BBP is dry. Hovering around price 4-6 sat. Funds of the initial investors (like me) are spent. It was pretty obvious during BBP spike yesterday. BBP up, BBP down to 4 sat.
I understand faith and things like that but how about finally admit that BBP was not based on sustainable principles but rather on denying them. I will list few issues:

1. Proof of (whatever) - why there is  so much effort around this, I can see no value added by constant changing consensus/reward algorithm but quite the opposite (confusion, new bugs, etc.). To me simple PoS would be the best. Mining times are over, maybe Bitcoin can keep it but I'm skeptical. BOINC is centralized and all other approaches seems awkward to me.
2. 10% - understanding support mission to orphans, but frankly this is not tithe because tithe is from profit. If you want to have model based on 10% from profit then build oracle, recalculate BBP to USD and if there is evaluation, then automatically cash 10% of that profit. Now it's more like pillaging the initial funds before we reach zero level. As this is not sustainable orphans will probably (unless God makes some miracle) not be helped in the future and investors will avoid this project.
3. Inflation/Deflation - BBP emission is higher than pace of adoption which necessarily leads to price crash. Again it would be nice to have self-adjusting emission model so that emission would adjust according to market price trend - probably connected to USD or at least BTC.
4. Misusing funds - in the past I've seen cases where thousands of dollars were approved for various non BBP or orphans-related activities (surprisingly to some slovak and other people)  without giving BBP or Jesus / Christianity any publicity.
5. Income side - BBP has no demand increasing utility

Simply summarized: I would rather like to see BBP as simplified PoS project supporting orphans from USD market value increase (we pay orphans with USD, don't we?)  and with strong demand increasing utility. Without that, I'm unable to see any long-term vision for BBP. Wake up! Now BBP is heading to it's crash. I believe Rob is a good guy but BBP really need some serious changes. God bless!



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General Support / Re: Wallet is Nearly Empty!!!
« Last post by sunk818 on February 08, 2019, 11:56:39 am »
This is like the tenth time I've told this to different people on discord and telegram. I had it happen to me and I know that sinking feeling where you think what happened to my coins?! 😫😧

I'm glad it worked out
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General Support / Re: Wallet is Nearly Empty!!!
« Last post by Mr. Frodo on February 08, 2019, 11:37:44 am »
That did it, sunk818!  I also backed up my wallet.  Thanks so much to the both of you!
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General Support / Re: Wallet is Nearly Empty!!!
« Last post by sunk818 on February 08, 2019, 11:21:19 am »
Tools

wallet repair

Zapwallettxes 1

Make backup wallet
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General Support / Re: Wallet is Nearly Empty!!!
« Last post by Mr. Frodo on February 08, 2019, 10:38:51 am »
Hi thesnat21.  Thanks for the quick reply.

I just got through performing a rescan, and there's been no change in the status - I still have only 409 coins.  I'm not completely sure I understand what you mean when you say to check my address against one of the explorers.  Here are my receiving addresses:

Label            Address
BUSINESS_OBJECTS   BTJpZic4dmERkUiR5kdMwJxm63yfryC11m
Config File         BPKAP3uZxGsaXPCyWBKpz7Z6tku52Xhjvb
Faucet Payment 01   BBuJfCbCsF5aEia31McnDfXpZWQZgQibiM
Faucet Payment 02   BECvQgGMudeV64CZzBS63V3pFbwji1i9FV
Faucet Payment 03   B4sRBMZ1R5XpwVoXTYFqoAmxPa2kFKdHag
Faucet Payment 04   BM7F2wcSr1QfkZY75FpbnUBJCREU7uPPp2
Faucet Payment 05   BJVgk94GzzTS1BFj8qCrYoVBrCbeuRuE6w
Faucet Payment 06   BPkUuvS5x9h8Jiyz5nhYFNVb14qW8VJkGP
Faucet Payment 07   BCY6Vr9oRjQvXQ1zficjhjEz8pFzRapV58
Faucet Payment 08   BCj7bz2RFGgkMWSzZX5KXPubUkLcs9iRE5
Faucet Payment 09   BDCrPYtLoJkN9ehCnRJ4EweNiV3taskLTa
Faucet Payment 10   BBaVd1gUrNcnLYRo8ZCHkVYCMhJ49P62DY
Faucet Payment 11   BDzDNE1BxsmKRVYWgz1PswM4pfZLivJASh
Faucet Payment 12   B9yb8GJxwGzHrxmSKkVaGPzh6VSQWzGnbL
Faucet Payment 13   B88wMfdANnCnv6GDBPYYQgRdn2JSp1Dypz
Faucet Payment 14   BQwKLrEHbTH8DzQY3vSewt3HrYib8Te88o
Faucet Payment 15   BEnszPhZ6qQqbfCfxjhud6fK3qL3wijgSv
pool.biblepay.org   BHotAPGarNRvBfxH4vfHnfV194qw9TLnk2

Is this what you're looking for?  I get daily payouts on Faucet Payment 14.  I'm not sure which address the mining payouts, are received on.
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General Support / Re: Wallet is Nearly Empty!!!
« Last post by thesnat21 on February 08, 2019, 10:25:15 am »
It sounds like you were stuck on a fork for a while?

Check your address against one of the explorers to compare (or post here and we can try to look).

You can also try one of the rescan/recover options (in wallet->tools->wallet repair)
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