I know from leading projects, that silence is often the worst type of response, so I will venture a few
thoughts.
I think with projects like this, it's best to see a long future.
A lot of tech and tech businesses has a very short lifespan. I myself am rebooting a software company
that was strong in the 1990s and 2000s and which I still sold copies of until a few years ago.
So, my thoughts are, why not have two versions of BiblePay? A very easy to use version with simple
staking, and the version you have now?
Could they both ride the same blockchain?
It would be a first.
Some of the last thread is going over my head. I am just too busy with life to really get my hands dirty
and start setting up SANCs, and so on. But I like the idea you are setting up a linkage to Atomic DEX's.
I like the DOGE feature but the way it's explained brings in other tech and keyboards. I guess you are saying what you send to the wallet in DOGE is also staking in the SANCs?
"The amazing thing about this is then we would be listed on every exchange in the world where DOGE is listed, so liquidity would be unlimited." Is this really the case for any coin right now??
Hi CB, good to see you tonight and God bless you.
Thats cool you used to have a software company. What software did you sell? Good luck too.
So I like and agree that we also need a clean easy to use UI where people can come in and stake. You know that is not lost (just been tough to put in enough hours to get there). Basically in the back end (our sanctuary mining feature that is in prod/and running a variable sized sanc) it is defintely possible for us to do something like coinbase did, where we create a UI for easy fractional sancs (or as you say, simply stake some BBP and earn rewards). So lets keep that idea floating around. We dont even need to have two wallet branches on github, we can have an 'easy mode' and an 'advanced mode' (kind of like Coinbase has their little switch at the bottom) - eventually.
But also I wanted to clarify on this decentralized DOGE trading platform idea some of the terminology and stuff. I already started writing it because I feel losing our last exchange, bololex was a big blow to us. Please everyone, keep praying for BBP to be listed on a big exchange as well - like binance.us for example.
So regarding this I have ironed out some of the key concepts and this is going to be a reality! I am pumped about it, because this feature alone really should send BBP up to .01 cent (you would think). How many clone coins dont even have 1 feature, yet we would have this one.
So the way this works is remember, DOGE is 99% compatible with our chain. They have a very similar block emission (5.2B coins), deflationary (like us), their addresses are base58 encoded (like us) and they are bitcoin compatible (like us).
When the wallet boots, we issue a DOGE address inside the biblepay chain and that address can receive both BBP or DOGE. (Tested and works now). I also have it to where we can transmit the doge out of the wallet, to another DOGE user from a BBP wallet (works). You can also check your DOGE balance in the bbp chain (works).
There is now an order book in the chain where it utilizes our sidechain (DOGE does not have that but we do) - btw our sidechain runs with instantsend, so its immediate. You can place a trade in the wallet using the RPC, and you can BUY or SELL BBP/DOGE. The order book gets displayed in decimal descending, just like binance (IE listorderbook BUY, listorderbook SELL) will display the orderbook.
We also have a matching engine, where it matches buyers with sellers, and creates an AtomicTrade transaction. This transaction is made safe because only one of two things can happen with your coins:
1) The first leg of the trade sets up an OCO AtomicTx with BBP from the Seller to the Buyer contingent upon a DOGE TXID.
2) The second leg of the trade sets up an OCO AtomicTX that checks if the BBP is in the memory pool and locked in the IX state, and if so it sends a certain DOGE signed TXID to the Seller.
Note that in this scenario, if the DOGE for some reason never reaches the buyer, the BBP TX will not be mined, so no money is lost.
However, if the BBP side of the TX is received by the BBP buyer (DOGE sender), the Doge tx will be sent - because the BBP is already locked.
And if the BBP was not locked in the IX state, the DOGE is not released. And its all automated as well.
So this is a true atomic transaction.
I just started advertising this idea on DOGE bitcointalk to try to round up some testers.
I think the ETA for this in testnet is within 14 days.
Is anyone willing to test this?