Bible Pay

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  • Rob Andrews
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    • June 05, 2017, 08:09:04 pm
    • Patmos, Island Of
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New Exchange Fund - BiblePay
« on: December 12, 2018, 10:26:55 am »
Now that Jaap has been compensated for finishing CoinExchange.IO I would like to start a new piggy bank for our new exchange fund (Jaap is taking a break until further notice).

We have an offer to be with Cryptopia for 1.5BTC.  If nothing better comes along, this might be our best option - hopefully by December 2019.

I plan on periodically converting the latent BBP balance to BTC so as to not add liquidation risk.

I also plan on keeping records of the balance and conversion activity in our SQL server so we can see how far along we are as we go.

I am requesting 1 mil to start.


  • thesnat21
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    • March 28, 2018, 06:37:05 pm
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Re: New Exchange Fund - BiblePay
« Reply #1 on: December 27, 2018, 07:18:30 am »
To clarify, I see a second proposal for another 500k,  this is in addition to the 1m?



  • klondike
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    • October 10, 2017, 09:00:24 am
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Re: New Exchange Fund - BiblePay
« Reply #2 on: December 29, 2018, 12:20:15 pm »
good job guys......


  • Rob Andrews
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    • June 05, 2017, 08:09:04 pm
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Re: New Exchange Fund - BiblePay
« Reply #3 on: February 27, 2019, 08:03:48 am »
To clarify, I see a second proposal for another 500k,  this is in addition to the 1m?

I added an SQL table for this so we can track every one; please see pool | Reports | New Exchange Fund.

Ill make sure the chain govobjs reconcile to this from the bbp side.  From the BTC side I will add a record every time i liquidate one.