BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes)

Just an idea for us to keep on the radar:

We could provide DWU bearing USB flash drives as gifts delivered to peoples door or e-mail using the rpc.

For instance someone who wants to send a gift could create a 'DWU bearing UTXO staking wallet.dat file' with an RPC command- this would then trigger the wallet.dat to be created, the utxo to be taken from the main wallet, the utxo to be created with a nickname (of the recipient), then the output wallet.dat could then be auto written to the drive then to go to a USB gift drive or e-mailed to a user with an encrypted zip (or through biblepay-core with our encrypted email) or delivered via fedex.

The recipient would already be in the leaderboard even if they dont ever download biblepay, the flash drive would keep earning DWU.

You can find a crypto tax/accountant if you want... but you can also roll your own. Just take any values of crypto from coinmarketcap taking an average of the day (add up all four values, low-high-average, etc). Then tie them into any time you buy or sell the crypto. Then use the fiat values to figure out how much is taxable. You'd have to keep track of your balance on 1/1/2020 and then again on 1/1/2021 to see what you've bought & sold crypto wise in that time. you only pay tax on what you've gained fiat wise. i'm not clear if you pay like it is capital gains for profit less than 1 year vs 1+ years, so it wouldn't hurt to get consultation from a tax expert. Most will answer or give you a free 15 minutes consultation which should be enough to get an answer.

I have a question to those of you in the USofA -
I am trying to do the right thing with my taxes and cryptocurrencies. Can you suggest any services that might help me to wrap up all of the .csv files from wallets and exchanges for a complete picture of holdings and earnings? It seems rather complex and my brain hurts, but I want to honor God and do it right the first time. Any help is appreciated!
Radar

Great job Rob. I had a little issue with easystakebbp because I didn't have enough "change". So I had to do an exec bankroll first. I wonder if there's an easier way to make easybbpstakework. I don't know the technicalities of how locking of the tx works... but it'd be nice if easybbpstake could handle that for me. As mining PoDC ends, how important is it to ensure large aged coins remain aged? I'm just thinking of new users and helping them encounter less friction using easybbpstake and to help BBP grow. Thanks for reading!

BiblePay 1.5.5.3-Leisure Upgrade

- Add ETHEREUM staking
- Add ETHer price to exec price

Windows and Linux have been released.  MIP will notify when MAC is ready.

Now you can stake your ETHEREUM with BIBLEPAY.  Please use the 'easystake' command with ticker "ETH".

For more information on staking:
https://wiki.biblepay.org/UTXO_Mining




Please MIP or Togo tweet this out.

Great job Rob. I had a little issue with easystakebbp because I didn't have enough "change". So I had to do an exec bankroll first. I wonder if there's an easier way to make easybbpstakework. I don't know the technicalities of how locking of the tx works... but it'd be nice if easybbpstake could handle that for me. As mining PoDC ends, how important is it to ensure large aged coins remain aged? I'm just thinking of new users and helping them encounter less friction using easybbpstake and to help BBP grow. Thanks for reading!

Hi Sun,

Im glad your stake worked in the end.  Yes, the 'require change for stake' rule was just put in to primarily allow people who want to stake their entire wallet [to prevent them] from spending the last coin(s).  For example, if a person only has 30K, and say they have 3 10K bills, if we used that last one for the fee, the last stake would always fail, etc.  So anyway yes, there is certainly a way to handle it automatically, as a matter of fact we could probably just generate the change transaction in the easy stake process first, and then spend that change for the stake itself.  Ill put a todo on my list for our testnet branch to test that.

In the post-podc era, you dont even need any aged coins really for anything, except with a small caveaut.  The coins must be 1 day old to earn the chance to receive the coinbase reward on a utxo stake. 

I see our difficulty is at an all time high right now, 9.18!  Not sure whats going on with the RX miners.  Praise God.

You can find a crypto tax/accountant if you want... but you can also roll your own. Just take any values of crypto from coinmarketcap taking an average of the day (add up all four values, low-high-average, etc). Then tie them into any time you buy or sell the crypto. Then use the fiat values to figure out how much is taxable. You'd have to keep track of your balance on 1/1/2020 and then again on 1/1/2021 to see what you've bought & sold crypto wise in that time. you only pay tax on what you've gained fiat wise. i'm not clear if you pay like it is capital gains for profit less than 1 year vs 1+ years, so it wouldn't hurt to get consultation from a tax expert. Most will answer or give you a free 15 minutes consultation which should be enough to get an answer.

Thank you, Sun. I appreciate the help. I think this is what I will need to do, as the website that I am attempting to use doesn't natively import BBP Wallet, nor SouthXChange .csv files. There are other options, of course, but April 15 is coming soon. Simply put, yes, there are differences between holding >1 year and <1 year - and they are capital gains taxes. With the BBP wallet, at least I can prove FIFO for 2019-2020. Thanks again and God bless.

We could still use help from a few more testers (and preferably 2 more sanctuaries to be set up) here:

https://forum.biblepay.org/index.php?topic=762.15

So we can test all of our legacy features, llmq-instant-send, and chainlocks.

We are very close to being able to test chainlocks any day now!

** DYNAMIC WHALE STAKING UPDATE **


This is an update on our Legacy DWS system (not our production UTXO staking system):

Due to our 2MM bbp per day limit on legacy DWS payouts there may be a discrepency on what you received in your DWS reward vs. your original promised reward (IE we limited the payout and shorted some people inadvertently because of this cap).

I wrote a new report called the DWS Final Reconciliation Report that will detect any anomalies over the entire span (from block 140,000 to the tip).  What we are going to do is run this on the last day of this wallet version of the prod wallet (IE during the next mandatory upgrade, which will most likely be in June 2021 - that is the date when we retire DWS permanently).  You will automatically receive any reconciliation amount into your CPK on the last day, so have no fear your reward will be issued to the exact amount in June!

** UTXO Staking on Steroids **

Please comment on this if you like it or not:

https://forum.biblepay.org/index.php?topic=768.new#new

Weekly BiblePay Prayer Call - Business Update

Continuing this Sunday at 2PM CST/7PM UTC (April 4th, 2021) we will be holding our third 60 minute prayer call (and business update):

The agenda:
30 minutes: Prayers with Evangelist Patrick & Rob (this includes prayers for the world, our prayer list, warfare, healing, and finally
 BiblePays future).
15 minutes: Business Update (what we are working on and important immediate issues, new ideas for the Christian dashboard)
15 minutes: Questions from Pat or the audience

Who is Evangelist Pat?  He is our prayer co-captain and founder of Haven of Refuge, a ministry that specializes in deliverance from PTSD.

Please join us on Sunday:

https://www.freeconferencecall.com/wall/rob8694/host


Update:  Last week we had 4 participants and we had a great time, the prayers were edifying and the update helped set our course for the future.  Please join in this weekend!

I believe tax due for 2021 was extended to May 17, 2021


https://www.irs.gov/newsroom/tax-day-for-individuals-extended-to-may-17-treasury-irs-extend-filing-and-payment-deadline#:~:text=Taxpayers%20should%20pay%20their%20federal%20income%20tax%20due,payments%20that%20are%20due%20on%20April%2015%2C%202021.



 Taxpayers should pay their federal income tax due by May 17, 2021, to avoid interest and penalties.


The IRS urges taxpayers who are due a refund to file as soon as possible. Most tax refunds associated with e-filed returns are issued within 21 days.

Thank you, Sun. I appreciate the help. I think this is what I will need to do, as the website that I am attempting to use doesn't natively import BBP Wallet, nor SouthXChange .csv files. There are other options, of course, but April 15 is coming soon. Simply put, yes, there are differences between holding >1 year and <1 year - and they are capital gains taxes. With the BBP wallet, at least I can prove FIFO for 2019-2020. Thanks again and God bless.

Might want to check the block chain. Believe it has been hung for 6 hours

Weekly BiblePay Prayer Call - Business Update

Continuing this Sunday at 2PM CST/7PM UTC (April 11th, 2021) we will be holding our third 60 minute prayer call (and business update):

The agenda:
30 minutes: Prayers with Evangelist Patrick & Rob (this includes prayers for the world, our prayer list, warfare, healing, and finally
 BiblePays future).
15 minutes: Business Update (what we are working on and important immediate issues, new ideas for the Christian dashboard)
15 minutes: Questions from Pat or the audience

Who is Evangelist Pat?  He is our prayer co-captain and founder of Haven of Refuge, a ministry that specializes in deliverance from PTSD.

Please join us on Sunday:

https://www.freeconferencecall.com/wall/rob8694/host




NOTE:  This is a recurring prayer call for every Sunday, so unless we change the schedule we will automatically continue this every week.

I added up the hours and it is about 8 hours between the two blocks. The difficulty was not that high so that is curious. Did the mining pool have issues? Is anyone solo mining biblepay?

Might want to check the block chain. Believe it has been hung for 6 hours

I added up the hours and it is about 8 hours between the two blocks. The difficulty was not that high so that is curious. Did the mining pool have issues? Is anyone solo mining biblepay?

The 8 hours is not a coincidence.  The network allows the chain to move on after 8 hours if the daily GSC superblock is not approved.  (Another words, we have a normal chain for 204 blocks per day, and an 8 hour limit on the 205th block).

The reason that block took 8 hours is that I had an issue at vultr (one of my compiles went bad that affected every one of my sancs) and I didnt even know it because I didnt realize that happened.  I added a report to notify me of this going forward.  Yes, if we had more volunteers with sancs it would help alleviate it, but of course we require them to sponsor orphans currently.  We are thinking of having a second tranche of sancs for volunteer only that receive 90% less reward for running a node.  In the next testnet version, our reward to the sancs Decreases to give more of the BBP to utxo miners.  So another words:
Tranche 1 sancs:  Sponsor an orphan and receive 20% of the block reward
Tranche 2 sancs:  Do not sponsor an orphan but receive something like 200 bbp reward etc.

Then all the excess for those seeking ROI look to UTXO for the rewards.  We also lower our monthly governance budget to 5%.  Etc.

Making us more efficient.

Regarding pool mining:  We are wide open now, with merge mined bbp+xmr can theoretically be sourced from any pool - not just foundation or fun now (there is no restriction in the check-block).  Also we still do have solo mining, and that does occasionally kick in but the solo miner is 40* slower than xmrig.

I'm working on a couple new wiki documents to fill the following needs:

-- Those investors looking at biblepay for the first time, why is BIBLEPAY special?

-- Those new users we are losing because they can't even understand any of this stuff at all.  IE retention.  A single page on getting started and what you can expect at the end.
A lot of new users dont even realize what they can get out of BBP at the end.

So on doc 1, I just made v1.0 - Why BBP:
https://wiki.biblepay.org/Why_BiblePay


Please let me know if you can review and if I missed anything etc.

Thanks!