[quote author=Rob Andrews link=topic=748.msg9890#msg9890 date=1610564818]
So hopefully, everyone here may potentially agree with the vision for UTXO mining.
It obviously needs an in depth explanation and wiki page.
On a side note, its a pity that Biblepay hasn't appealed to a broad range of Christians yet. We've not only not scratched the surface but we haven't even scratched the wax on the surface. We only need 3BTC of crypto buyers on SX to put our ticker back on track for free-floating. Its a real shame to start out in the hole on anything. So that is prayer #1 - Im praying that God sends a few mystery buyers to buy up the latent coins on SX to start us off with a 'square' start.
Anyway, the idea with UTXO mining is for us to sort of act as a cryptocurrency with return on investment for holding the currencies, similar to a CD in a bank, but for multiple homogenized coins: BTC+BBP, DASH+BBP, or BBP (to start).
The leaderboard is replaced with Stakers instead of PODC miners. The entire daily GSC reward is split among the stakers (except for the 5% that goes to healing - I left that in).[/quote]
I really love PODC mining. I don't have BTC DASH etc. I am too poor to afford amounts for UTXO staking :( BOINC is altruistic and free and I love doing something I don't get paid directly to get a little more BBP than I had a day earlier through GSC :) I value BBP GSC payments from PODC like I value my BOINC credits or WCG points. I don't spend them or plan on benefitting myself, they're a token reminder of who I helped across the global initiative.
[quote]The main appeal to this is we have about 500 million distinct users across the two tickers who could become biblepay stakers. They can earn returns on their native currencies plus either or BBP.Can you consider adding my Project I am part A-team member of then since its Merge Mined with Bitcoin since 2012 and was born of Bitcoin's bare bones codebase back in 2011? It was the guinea pig for merge mining. I could get you set up with our lead dev @develcuy. He's a genius much like yourself. Great coder, leader, finds great initiatives. (We're also looking for an artist to pay handsomely for some (Deviant)Art work for our first NFTs.
You have some skin in that game and the expertise shows!
Take a look at the leaderboard and once you are in, you can double click to see your positions.
I wasn't too crazy for the in Wallet leaderboard it never showed the correct accounting for my BOINC crunching contributions. But that's okay. I don't mind there not being a leaderboard as long as we still can do PODC in some helpful way. It'd be a shame to kill the Team BiblePay group... I had fun being involved. Since January 6, 2020.
EDIT: Maybe we can add ETHER+BBP stakes also, soon.
I'm 100% in favor of that. Could that bridge us to other types of Ethereum Blockchain and Layer 2 apps using BBP? Maybe BBP could transition to a token at some point once initial mining distribution is done. Although it seems ever since this distribution and mining started this project wasn't doing it's POW variations to distribute coins generally (like SHA, SCRYPT, etc) - but it was distributing its coins to cross-script, cross-networks, merge and acquire functionality of various projects as it grew. Just look at where the functionality is today. A lot of it, UI - Which thanks to you Rob we have some of the best UI I've ever seen in crypto (functionality wise, I could careless about pretty graphics, I'm talking menus, account keeping - etc. This is becoming a very good example of a charity/kickstarter type DAC or B Corp as they're called in the UK. In the US, Benefits Corporations. That's a bit what my Project Devcoin has been like, except it focused mainly on BTC and the more ancient projects so its a lot more alpha to this unique project. This is where I would love to see it get though. It's because of your UI UX work I was able find SMF Shop/possible future WooCommerce/WP/Facebook Messenger plugins for the forums themselves. Messenger for WordPress is open source btw... Can only imagine the users we could attract that way. This Forum however is almost like a portal/bank of its own. A DAC where the team accounting is there for all to see our legitimacy. Kudos!
The Sanctuaries are the oracles-- they make calls to assess the utxos as they assess the blocks.
Exploring your san.biblepay.org forward path to the video/mp4 file using HTML 5 from your "Random X" mining view-source on that page I was thoroughly impressed with the video embedding and noticed the copyright for the embedded script to retrieve that video/mp4 was a form of NAS from a company I deeply respect
Synology, Inc.. As a matter of fact the ties to Microsoft employees and the company spreading from Taipei to worldwide since 2000 reminds me a lot of a project that has talented people in countries that have conflicts or authoritarian blocks on the censored country they migrated away from as well as too much overreach in the America they thought they came to escape censorship by way of litigation and stupid senseless trade wars/restrictions/tariffs. Ugh... The app layer protocols we're using in this project has me excited we can get around these stupid bureaucratic and intergovernmental political roadblocks the more ways we can message, chat, mail, and communicate BBP to the masses
. One way I'm helping is by mining BBP+XMR using
[email protected]'s MiningPool.fun
- after all, his old personal website once used an embedded Google WWW and Site search widget, QQ Online Chat, and registered DNS at quite a few domains back in December 2006. Recent web crawls show 400 and 500 level errors at crawl time, but the last grab from 2016 was overrun by state media, PRC licensing, an expired copyright, and just far too much mandate info. Maybe drorow is using BBP+XMR mining himself to get around the Great Firewall himself. Maybe
- he also has a peculiar history of email addresses, one
[email protected] - that must've been hard to get
- then again he may have other reasons for using Monero as of 2016 his website tab title and about us section was all about
gambling online and live in Macau (Checkout the "Texas" bulletpoint - we're from "Texas" as a project - or at least a datacenter that's potentially block storage and safely stored with fast enough 10gbps wired directly to our physical on site servers) - where you can use google free of persecution and without VPN
- IF Macau was a country it ranked as one of the top richest nations in the world - its a former Portuguese colony, and retains some of those colonial rights even though the 1500's were a long time ago. Lorem Ipsum type persistence - it lives on in writing on many platforms. Sans ink, now in binary code, or hardcoded into software hehe.
PS 2: Remember the concepts related to 'portfolio mining', 'long portfolio positions', and interest rate marketplace. This is all, I believe fulfilled, with UTXO mining. We may want to create a better name that is user friendly, for the position manager. This is one thing that has not been done with biblepay yet: making it user friendly.
I'm sure I'll understand why we have to move on from BOINC crunching and GSC to UTXO mining. It is the lords work, and that of both our Christ as Christians and the Hebrews Yahweh since the days of translations of bitcoin-qt and bitcoil.co.il functioning as an alt exchange to Mt. Gox within Bitcoin's (OTC) Web of Trust that these motions were set forward. With Serbia reversing course on its rulings against digital asset issuance and trading this past week, Israel and UAE, other middle eastern countries making historic treaties and deals to open lines of commerce with eachother for the first time in history, and China having 80% of the world's Bitcoin miners (funded in the Bitcoin they mined!) that use hardware and not rented hash to produce coin we need to bypass every possible way the DAC/B Corp/future DAC's charitable and idealistic efforts can be crushed and blocked by authority. We're not doing anything wrong, we're just innovating. And a day is coming where we realize maybe governments we're on board with this for a long time - merely making us develop and persist harder to develop and compute the rest of the internet connections and protocols for them at our own expense. Which is why in the end, whatever currencies we issue in bits of transmitted message and cryptographically immutable on the blockchain files/ledger passed from node to node at such a fast rate Bittorrent will seem like transmission by the telegraph once our mesh is finsihed. So like I said, the more I see the more I like and this is your lead Bob,
. We are a worldwide community working together in ways that will go down in history because of the way we connect allowing us to accomplish so much more.
God bless.
