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

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!

BiblePay Core Wallet - 1.5.5.4 - Leisure Upgrade

- Add additional warning message to prod, during easybbpstake (or
easystake) that informs the user if they do not have a coin between
1-9999 the command they need to run to make one.
- Add the DWS final whale stake report for Rob (this lets Rob manually
pay the discrepencies on the last day of DWS)

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!

Read the Bible behind suppressed Firewalls

Our core wallet has the KJV compiled in, and allows you to read the bible in English, Chinese and Russian. We look forward to adding more languages.

If im not mistaken i believe it was translated to Ukrainian aswell.
Other then that it looked good to me Rob.

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.

https://wiki.biblepay.org/Why_BiblePay

What Makes BiblePay Unique?
https://www.reddit.com/r/BiblePay/comments/eff1cq/what_is_biblepay_what_makes_biblepay_unique/

===

Spreading Christianity
Helping those in distress

Rewarding CPU cycles donated to cancer research

Everyone can mine it
Pays daily interest for holding

Hosting Christian content censored on other platforms

=

Over $250,000 donated to charity!
https://foundation.biblepay.org/Accountability

Built 13 water wells in Pakistan
http://foundation.biblepay.org/wells

=

InstantSend, 0 confirmation transactions!

EX: Instantly buy Dominos pizza!
https://wiki.biblepay.org/Pizza_Delivery

EX: Instantly buy gift cards!
https://www.reddit.com/r/BiblePay/comments/ef3yyw/new_alpha_development_feature_dashpay_buy_gift/

2nd layer of nodes, Masternodes (InstantSend, PrivateSend)
https://dash-filipino.readthedocs.io/tl/latest/wallets/dashcore/privatesend-instantsend.html

Monthly Budget System
https://wiki.biblepay.org/UnderstandingGovernance

51% attack resistant with Chainlocks
https://dashnews.org/andreas-antonopoulos-calls-dash-chainlocks-a-smart-way-of-preventing-51-attacks/

Dash Innovations
https://dashnews.org/dash-celebrates-sixth-anniversary-full-of-industry-defining-innovations

Dash Airdrop?
https://forum.biblepay.org/index.php?topic=747.0

===

RandomX Mining (BBP+XMR Merge Mining)
https://wiki.biblepay.org/RandomX_Setup

Decentralized Encrypted Email and Chat
https://wiki.biblepay.org/Decentralized_Email

Coin Age Voting

Proof of Orphan Sponsorship (POOS)
https://wiki.biblepay.org/Sanctuary_Child_Sponsorship

BiblePay University

===

Promotional Videos
https://san.biblepay.org/Media/BiblePay_City_Promo.mp4
https://san.biblepay.org/Media/BiblePay_2020_Commercial.mp4

===

BiblePay Lightning
https://wiki.biblepay.org/BiblePay_Lightning

BiblePay TV
https://forum.biblepay.org/index.php?topic=699.msg8874#msg8874

Self Directed Portfolios
https://wiki.biblepay.org/Self_Directed_Portfolios

Air Wallet
https://wiki.biblepay.org/Air_Wallet

Christian Spaces
https://wiki.biblepay.org/Christian_Spaces_Functional_Design

Bug Bounty Program
https://forum.biblepay.org/index.php?topic=408.0

=====================

BiblePay vs Bitcoin

Bitcoin is dominated by ASIC miners, BiblePay is CPU Only, anyone can mine!
Bitcoin does not pay you interest for holding it, BiblePay does!
Bitcoin does not have a bug bounty program, BiblePay does!
Bitcoin consumes more electricity than Argentina!
Bitcoin takes 10 minutes to send, BiblePay can send instantly!

===

IN TESTING:

- NFTs! (The first Bitcoin derived coin with NFTs!)
https://wiki.biblepay.org/NFT

- Referrals?
https://wiki.biblepay.org/Referrals

- High risk staking?!

=======================================

BiblePay has been around since 2017, and Rob has been involved building cryptocurrency since 2013

BiblePay is a top 100 coin by code commits, Rob is an amazing software developer, he has combined DASH, Gridcoin, Monero and other ideas into one coin BiblePay (BBP)

Anyone can mine BBP, the algorithm is CPU Only!, it uses RandomX (Moneros algorithm), you actually get 200% mining revenue mining BBP, because you get BBP AND XMR!

You also can get paid for JUST HOLDING your BBP, you could potentially make up to 18% a year in interest that is PAID DAILY -- If you hold BTC, ETH, LTC, DASH or DOGE too, you can DOUBLE THE INTEREST!

BiblePay has donated over $250,000 to charity, at one point sponsoring over 300 orphans a month! BiblePay has also built 13 water wells in Pakistan that help over 8,000 children get water every day!

BiblePay has also donated TENS OF THOUSANDS OF YEARS OF CPU CYCLES to CANCER AND DISEASE RESEARCH!

=============

Just copy pasting a bunch of stuff, hope everyone is well!

If im not mistaken i believe it was translated to Ukrainian aswell.
Other then that it looked good to me Rob.

Thank you sir.  Yes it was.  Added.

What Makes BiblePay Unique?
https://www.reddit.com/r/BiblePay/comments/eff1cq/what_is_biblepay_what_makes_biblepay_unique/

===

Thank you for the compliments Togo.  Every time I look at this list I think of how much work still needs done, but I also feel we are on the horse and riding forward and the work is progressing.

I'll keep working on my new succinct one page getting started guide in the mean time and of course our Harvest release in testnet.

God bless you and everyone here.

I'm working on an ROI calculator that theoretically will show what a portfolio will look like over 10 years with our current UTXO reward % vs. a (non biblepay) USD denominated portfolio with inflation (taking into account the future value of money):

Please experiment with this:

http://foundation.biblepay.org/ROICalculator

Maybe we can put this in our Why BBP and our UTXO Staking docs also to help show a new user the potential differences between a ravaging portfolio due to inflation compared to a BBP UTXO portfolio.

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).

a mwiljanen on discord mentioned 264674 and 264675 (daily superblock?) had 8 hour between blocks. Issues with consensus?

a mwiljanen on discord mentioned 264674 and 264675 (daily superblock?) had 8 hour between blocks. Issues with consensus?

Ok this was unfortunately while I was sleeping, so it passed through the night and I didnt even know this block was delayed.

So I did go through a very high effort last time (hours of work) to create a report to detect this so that I get an email in case I need to do anything (on my sancs for example).  And, the email is working, and the report is working, but it only detected a 10% anomaly which is not enough to trigger the actual email lol.

So let me do some more work on this now; I think the root cause may require a one line code change to sanc-prod to help the sancs vote more (I think the problem is since our network shrunk in size from 200 sancs to 50, there is a param in there that prevents the sancs from voting).

Ill do this today and release a sanc mandatory on this as a leisure.

Recurring - Weekly BiblePay Prayer Call - Business Update

Continuing this Sunday at 2PM CST/7PM UTC (April 18th, 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.

1.5.5.5-Leisure Upgrade for Network, Mandatory for Sancs

- Increase required minimum daily gsc contract voting level to net 35%
positive to ensure the daily block is approved EVERY DAY

** State of the Stakes Report  - April 18th, 2021 (prior report Mar 21, 2021)**



Current SOS report:

 "Total BBP": "1018285328.98999991 (last 900,593,260)",  +13%
  "Total BTC": "2.48585492 (2.02)",  +22%
  "Total DASH": "53.55105133 (51.85)",
  "Total DOGE": "87290.87289614 (31289)", +178%
  "Total ETH": "0.37064477 (0)",
  "Total LTC": "49.90807566 (49.9)",
  "Total Foreign": "87397.18852282 (31393)",
  "Total Hybrid BBP": "1181605612.20999987 (1,038,231,204)" +13%


Leaderboard participation:  56

We now have 1.18B BBP locked (up from 13% from 1.03B) - Excellent progress!

Counting our 48 sancs with locked coins this means we have 1.397B locked (out of our supply of 2.6B) or 53% now locked!

Lets keep chipping away at the sell wall on SX.

Our next great chance at success comes from ETHereum.  Maybe some of those that struck it lucky will enter into our space.

As far as the sell side order book in SX, we decreased PHENOMENALLY from 160MM to 30MM, an extremely positive trend.  I even consider it healthy to have a 10-20MM sell side available, meaning that we dont have far to go to be free floating and/or at equilibrium (10MM?) - thank God, and all praise, Honor and Glory to God for clearing out our order book, all praise to the Lion of Judah!

Our DWU is stabilizing at 13.2% for single and 26.4% for hybrid stakes with 1.18B stakes locked.

Overall, blockbuster progress on the exchange side and good progress on the UTXO size.