Bible Pay

Poll

What model should be enacted for BiblePays team requirements?

Require ^1.6 for non-bbp, ^1.3 for BBP (Allowing Any Team to be rewarded)
8 (57.1%)
Require ^1.6 for GRC, ^1.3 for BBP - other teams are not welcome
5 (35.7%)
Require Team BBP Plus the collateral of ^1.3
1 (7.1%)
Require Team BBP with no collateral
0 (0%)
Require nothing - give rewards to everyone
0 (0%)
Require either team BBP or team GRC with equal collateral of ^1.3
0 (0%)

Total Members Voted: 14

Voting closes: Today at 11:42:11 AM

Read 1179 times

  • Rob Andrews
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    • June 05, 2017, 08:09:04 PM
    • Patmos, Island Of
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PODC TEAM REQUIREMENTS
« on: November 22, 2019, 11:51:35 AM »
I believe this poll is relatively self explanatory  :o , but please ask any questions if I missed something.

Thank you for voting!



  • sunk818
  • Sr. Member

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    • April 24, 2018, 02:02:20 PM
Re: PODC TEAM REQUIREMENTS
« Reply #1 on: November 22, 2019, 12:12:41 PM »
794k RAC between grcpool 1,2,3 pools means 33.7M BBP is required if RAC ^1.3


  • talisman
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    • March 26, 2018, 07:42:24 AM
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Re: PODC TEAM REQUIREMENTS
« Reply #2 on: November 22, 2019, 01:56:23 PM »
794k RAC between grcpool 1,2,3 pools means 33.7M BBP is required if RAC ^1.3

We don't have to think in binary terms. How about different exponential coefficients for BBP members and non-BBP crunchers? That way we would still be providing some BBP incentive to people beyond our ecosystem (thus raising some awareness), and still locking funds for collateral (supporting price). A coefficient of 1.5, for example, would require 10 times the BBP team collateral for an outsider (31M BBP for 100k RAC).


  • Rob Andrews
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Re: PODC TEAM REQUIREMENTS
« Reply #3 on: November 22, 2019, 04:16:23 PM »
We don't have to think in binary terms. How about different exponential coefficients for BBP members and non-BBP crunchers? That way we would still be providing some BBP incentive to people beyond our ecosystem (thus raising some awareness), and still locking funds for collateral (supporting price). A coefficient of 1.5, for example, would require 10 times the BBP team collateral for an outsider (31M BBP for 100k RAC).

Another very wise idea being floated here!

Ok all, I restarted the poll!  Please see the updated poll and re-vote!





  • capo
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    • March 11, 2018, 07:02:14 AM
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Re: PODC TEAM REQUIREMENTS
« Reply #4 on: November 24, 2019, 12:29:46 AM »
1.3 vs 1.6 is in my opinion too different
1.3 vs 1.4 or 1.4 vs 1.5 will be better

but stake 13m with 1.3 or 579m with 1.6 is too much


  • sunk818
  • Sr. Member

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    • April 24, 2018, 02:02:20 PM
Re: PODC TEAM REQUIREMENTS
« Reply #5 on: November 24, 2019, 11:52:49 PM »
1.3 vs 1.6 is in my opinion too different
1.3 vs 1.4 or 1.4 vs 1.5 will be better

but stake 13m with 1.3 or 579m with 1.6 is too much


I don't think it is too high at all.


https://gridcoinstats.eu/project/world%20community%20grid


Most of the top RAC "users" are pools. CharityEngine and grcpool.


Already, they are slightly split up so the RAC to BBP requirement is less.


Personally, I'd say blacklist any user above 100k RAC, but having the exponent discourage pool, people with high RAC hardware, or force you to split your cpid.


  • sunk818
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    • April 24, 2018, 02:02:20 PM
Re: PODC TEAM REQUIREMENTS
« Reply #6 on: November 29, 2019, 12:26:36 AM »

I don't think it is too high at all.


https://gridcoinstats.eu/project/world%20community%20grid


Most of the top RAC "users" are pools. CharityEngine and grcpool.


Already, they are slightly split up so the RAC to BBP requirement is less.


Personally, I'd say blacklist any user above 100k RAC, but having the exponent discourage pool, people with high RAC hardware, or force you to split your cpid.


I also see BOID is another crypto BOINC pool.


  • sunk818
  • Sr. Member

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    • April 24, 2018, 02:02:20 PM
Re: PODC TEAM REQUIREMENTS
« Reply #7 on: December 04, 2019, 08:47:54 AM »
Since the second place in the poll (4 votes) is allowing any team with ^1.6 stake, is that option on the table? The selfish part of me wants to limit BBP earnings to just team BiblePay, but the other side says that if you want BiblePay to survive you want to expose it to any many people as possible. That's the mechanics needed to scale a product or service... so ^1.6 stake for any team seems like the better path. The ^1.6 stake is restrictive already, so why limit teams? If you do the analysis, for grcpool with a combined RAC of 749k (240k, 243k, 310k), you would need 1.4 billion to stake BBP. The exponent already limits the RAC whales (e.g. pools like grcpool, CharityEngine, boid, etc)


  • Rob Andrews
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Re: PODC TEAM REQUIREMENTS
« Reply #8 on: December 04, 2019, 11:44:20 AM »
Since the second place in the poll (4 votes) is allowing any team with ^1.6 stake, is that option on the table? The selfish part of me wants to limit BBP earnings to just team BiblePay, but the other side says that if you want BiblePay to survive you want to expose it to any many people as possible. That's the mechanics needed to scale a product or service... so ^1.6 stake for any team seems like the better path. The ^1.6 stake is restrictive already, so why limit teams? If you do the analysis, for grcpool with a combined RAC of 749k (240k, 243k, 310k), you would need 1.4 billion to stake BBP. The exponent already limits the RAC whales (e.g. pools like grcpool, CharityEngine, boid, etc)

I agree completely in the sense that if we want to attract unlimited new users, we should allow the possibility of any team (not just GRC), if they stake the collateral.

I'm definitely open as I want the community to get what they want out of BBP.

So, I extended the deadline 7 more days.

I feel that in order to achieve this we need more votes; so my best advice is to try to drum up more votes if you would like to see this change.





  • talisman
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Re: PODC TEAM REQUIREMENTS
« Reply #9 on: December 07, 2019, 03:24:16 PM »
I agree completely in the sense that if we want to attract unlimited new users, we should allow the possibility of any team (not just GRC), if they stake the collateral.

I'm definitely open as I want the community to get what they want out of BBP.

So, I extended the deadline 7 more days.

I feel that in order to achieve this we need more votes; so my best advice is to try to drum up more votes if you would like to see this change.

I also agree with Sun's remark - changed my vote to allow members of any team with ^1.6 stake. 


  • togoshigekata
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Re: PODC TEAM REQUIREMENTS
« Reply #10 on: December 08, 2019, 04:54:17 PM »
I voted:
"Require nothing - give rewards to everyone"

But since no one else was voting for that I changed to:
"Require ^1.6 for non-bbp, ^1.3 for BBP (Allowing Any Team to be rewarded)"


  • Rob Andrews
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Re: PODC TEAM REQUIREMENTS
« Reply #11 on: December 09, 2019, 09:54:41 AM »
I voted:
"Require nothing - give rewards to everyone"

But since no one else was voting for that I changed to:
"Require ^1.6 for non-bbp, ^1.3 for BBP (Allowing Any Team to be rewarded)"
2 days left guys.


  • sunk818
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    • April 24, 2018, 02:02:20 PM
Re: PODC TEAM REQUIREMENTS
« Reply #12 on: December 10, 2019, 01:32:33 AM »



23:30:32

exec rac




23:30:32

{
  "Command": "rac",
  "cpid": "xxx",
  "CPK": "yfhhKPtRjgKb7CRfkWWGQ5EYeJMTK7UTdh",
  "next_podc_gsc_transmission": 21217,
  "team_name": "Unknown",
  "external_purse_total_coin_age": 1004348.671319445,
  "coin_age_percent_required": 0.99,
  "NOTE!": "Coins must have a maturity of at least 5 confirms for your coin*age to count.  (See current depth in coin control).",
  "WARNING!": "BiblePay requires staking collateral to be stored in your Christian-Public-Key (External Purse) to be available for GSC transmissions.  You currently do not have enough coin age in your external purse.  This means your PODC reward will be reduced to a commensurate amount of RAC.  Please read our PODC 2.0 guide about sending bankroll notes to yourself.  ",
  "coin_age_required": 11592996.64371439,
  "wcg_id": 1067915,
  "rac": 26008.92
}