Bible Pay

Poll

What would work best for us in the Future?

Stay with BIBLEPAY
9 (39.1%)
Rebrand as Decentralized Autonomous Currency (dac.ngo and dac.ong websites)
7 (30.4%)
Rebrand as Digital Autonomous Currency (dac.ngo and dac.ong websites)
2 (8.7%)
Rebrand as Digital Autonomous Charity (dac.ngo and dac.ong websites)
2 (8.7%)
Rebrand as DECentralized Charity (dec.app website) (or decentralized currency)
3 (13%)

Total Members Voted: 23

Voting closed: July 04, 2020, 10:08:12 AM

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  • Rob Andrews
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Vote on Future Currency Name II
« on: June 20, 2020, 10:08:12 AM »
First I would like to say that switching our currency name from BiblePay to DAC is in the spirit of growing the community and not blocking potential users who might view us as overly religious.  We are not doing this in any way because we are ashamed of the gospel; but instead to appeal to a broader cross section of the world first.

We can still keep the bible in the wallet, and spread the Gospel of Jesus in certain specific areas (such as the doctrine section of foundation.biblepay.org) if we re-brand.

Anyway, Jesus said the Gospel is for those who are sick and or in need (not for those who are already saved and sealed).

In our last vote, our community strongly gravitated towards re-branding in contrast to having dual brands.  One of the old questions was: Should we keep both biblepay and DEC, and the supermajority felt it was not a good idea to maintain two brands. 

The supermajority liked DAC more than DEC also (hence why I have more choices up above for variations of DAC).

In light of that, this vote attempts to hone in on the recommended currency name (and see if the idea is maintained).

There are 3 tiny coins with the ticker DAC already:  Davinci Coin and DACash (DAC) and DACC - Decentralized accessible content chain (DACC).  I think what we would do is hold a separate vote for the ticker.  We could possibly make the ticker XDAC  (none are taken like that) or DACBBP.     So for example:  We would be Digital Autonomous Currency (XDAC).

I prayed about this decision and I'm not receiving any negative response about switching from BIBLEPAY, but I don't want to influence the voters, so please vote.

Finally on the Charity vs Non-Charity debate, during the last vote more people voted for autonomous currency than autonomous charity.  This is another case of keeping ourselves generic (and not pegging us to the stigma that we spend all the investors money on charity or that the price will always go down because its all spent on aid etc). 

If anyone has a variation that is even better please post it and Ill consider adding it to the list.  We own dac.ngo, dac.ong, dec.app, and coin.ngo.  I kept coin out of this because I believe its just too generic compared to dac and dec.

« Last Edit: June 20, 2020, 10:13:11 AM by Rob Andrews »


  • Cryptoshot
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Re: Vote on Future Currency Name II
« Reply #1 on: June 20, 2020, 03:12:33 PM »
This is right proposal at the right time, I think this rebranding will give the currency the needed free growth space. As rightly said by Rob, associated with the gospel is one thing that was good, but now making it open and stick to the protocol will make it best


  • pururin
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Re: Vote on Future Currency Name II
« Reply #2 on: June 21, 2020, 07:16:35 AM »
I'm OK with all the choices. All of them have pros and cons.

But I think "DAC" is a bit ubiquitous, specially in audiophile circle.
See: https://en.wikipedia.org/wiki/Digital-to-analog_converter


  • sunk818
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Re: Vote on Future Currency Name II
« Reply #3 on: June 24, 2020, 12:19:48 AM »
DAC is probably easier to rank on Google as there's only 129M as opposed to DEC 2.1B results.


there already a company called xDAC though. https://xdac.co/


I was looking at caritas (latin for charity) but I see the catholic church already owns the domain.


  • Rob Andrews
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Re: Vote on Future Currency Name II
« Reply #4 on: June 24, 2020, 09:24:38 AM »
DAC is probably easier to rank on Google as there's only 129M as opposed to DEC 2.1B results.


there already a company called xDAC though. https://xdac.co/


I was looking at caritas (latin for charity) but I see the catholic church already owns the domain.

Good points.   

I think we will need to veer away from the XDC and XDAC ticker ideas with (xdac being taken by a website) and XDC being taken by a chain that is < 1000 $ market cap, etc (plus I see two XDC tickers on coingecko).   We can think of more.  DACBBP is good on one hand because it keeps our old ticker in, but it might be viewed as too long to be catchy so Im not sure that we want a 6 character ticker..

DAC itself for the domain name and coin name seems pretty solid so far - with the primary question being: will we actually grow if we do this.





Re: Vote on Future Currency Name II
« Reply #5 on: July 01, 2020, 09:12:52 AM »
can i made a suggestion , why not
Decentralized Charity Currency  (DCC) or
Decentralized Charity Coin (DCC)


  • Rob Andrews
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Re: Vote on Future Currency Name II
« Reply #6 on: July 01, 2020, 09:57:39 AM »
can i made a suggestion , why not
Decentralized Charity Currency  (DCC) or
Decentralized Charity Coin (DCC)

Its a pretty good idea, but this decision is very similar to 'should we rebrand as decentralized autonomous charity' also, and the outcome of our last poll for having charity in our name or not - and I tend to agree with this - it potentially gives us a stigma that we will spend all of the investors money on charity and never rise in price.

So I look at this as A vs B:

A: 
We add decentralized public file hosting and data management (IE something useful to this coin), and c# features, and we have projects that give to charity.

or
B:
We include the name charity in our name and we only focus on charity projects (and we would not be known for technical features).

I think the problem with B is we stay small because people tend to give less in fear that the investment will go to zero.

Sure I would like to believe that we could be the end-times coin of the world, and accept 10% of the charity from all the rich crypto users, but will it happen?

Im personally leaning toward A, because we do have a lot of good ideas to implement in the blockchain.

If we go with DAC, we can still have our digital autonomous charity website and become more technical at the same time.
(IE try to appeal to both audiences) etc.



Re: Vote on Future Currency Name II
« Reply #7 on: July 02, 2020, 07:27:38 PM »
the concern with the charity in the coin name is plausible, can be a stigma.