follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Topics - togoshigekata

Pages: [1]
1
NAME: BIBLEPAY



LAUNCH DATE:  JULY 23, 2017

TICKER: BBP

EXCHANGE LIVE DATE:  AUGUST 15, 2017

PREMINE: NONE
ICO: NONE
INCONSISTENT REWARDS: NONE

ALGORITHM: PROOF OF BIBLEHASH (POBh)

TRANSACTION SPEED: SUPPORTS INSTANTSEND

BLOCK TIME: 7 MINUTES

TOTAL CIRCULATION: 5.2 BILLION BY YEAR 2050, DECREASING BY 18% PER YEAR (200 MILLION AS OF NOVEMBER 2017)

First coin with the King James Bible compiled in the source, and utilizing Bible verses in the hashing algorithm,
Spreading the gospel throughout the community and donating 10% of mined coins to those in distress.

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

MASTERNODE (SANCTUARY) SUPPORT: LIVE CHRISTMAS 2017

MASTERNODE (SANCTUARY) ESCROW REQUIREMENT: 1,550,001 BBP

BLOCK REWARD BREAKDOWN:

10% Charity
5% IT (Software Development)
2.5% PR (Public Relations)
2.5% P2P (Orphan Letter Writing, Pay to Preach/Priest)
40% Miners
40% Masternodes (Sanctuaries)

UNDERSTANDING THE GOVERNANCE AND BUDGET SYSTEM:
https://dashpay.atlassian.net/wiki/spaces/DOC/pages/8585240/Understanding+the+Governance+and+Budget+System

MASTERNODE STATISTICS:
https://masternodes.online/currencies/BBP/
https://masternodes.pro/stats/bbp

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

WEB SITE:
http://biblepay.org

WHITEPAPER:
http://pool.biblepay.org/Docs/BiblePay_White_Paper.pdf

FORUMS:
https://bitcointalk.org/index.php?topic=2388064:
http://forum.biblepay.org/

WIKI:
http://wiki.biblepay.org/

SOURCE CODE:
https://github.com/biblepay/biblepay

BLOCK EXPLORERS:
https://biblepay-explorer.org/
http://explorer.biblepay.org:3001/
http://biblepay.inspect.network/

MINING GUIDES FOR PROOF OF BIBLE HASH:
- WINDOWS: https://www.reddit.com/r/BiblePay/comments/6umlqq/how_to_mine_biblepay_on_windows/
- LINUX: https://www.reddit.com/r/BiblePay/comments/6ummuj/how_to_mine_biblepay_on_linux/

PAPER WALLET:
https://biblepaywallet.github.io/

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

DISCORD: https://discorSPAM - please report ! D/invite/yWgbKdM

REDDIT: https://www.reddit.com/r/BiblePay/

TWITTER: https://twitter.com/BiblePay

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

HOW TO GET COINS?
https://www.reddit.com/r/BiblePay/comments/7nevdg/how_to_get_biblepay_bbp_coins/

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

EXCHANGES:

#1: C-CEX:
https://c-cex.com/?p=bbp-btc

#2: SOUTHXCHANGE:
https://www.southxchange.com/Market/Book/BBP/BTC

#3: COINSMARKETS:
https://coinsmarkets.com/trade-BTC-BBP.htm

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

CIRCULATION CHARACTERISTIC: DEFLATIONARY
CIRCULATION RATE: DECREASE BY 1.5% PER MONTH
DEFLATION RATE: 1.5% per month, compounded = 19.5% deflation on a compounded basis per year
http://wiki.biblepay.org/Emission_Schedule

** NOTE ON DEFLATION **

 BiblePay seeks to be a deflationary currency relative to the G5 basket, by constantly decreasing its block reward structure by 1.5% per month.  We make the assumption that with our controlled seven minute block mint rate, coins will be bought at a normalized pace in time due to the free market pricing structure.

TOTAL CIRCULATION: 5.2 BILLION BY 2050, DECREASING BY 18% PER YEAR (200 MILLION AS OF NOVEMBER 2017)

EMISSION SCHEDULE PROJECTION: http://wiki.biblepay.org/Emission_Schedule
ECONOMICS: http://wiki.biblepay.org/Economics

DESCRIPTION:

A secure blockchain benefiting those in distress - 10% of the emission goes to sponsoring Orphans, with provable contributions, expenses contributed to compassion.com  - and future charities that are more than 75% efficient.  ** NOTE: THE COIN HAS RPC COMMANDS THAT PROVE 100% OF CONTRIBUTIONS ARE SPENT THE WAY INTENDED **
 
Proof of Work has been replaced with Proof Of Biblehash (POBh) - an algorithm that compensates full nodes participation,
while preventing GPUs and ASIC by requiring full blockchain transaction referencing in the hashing function,
along with chained bible verses.  This means biblepay subsidizes full nodes that stay online.

Seven minute block targets minimize the blockchain file size, yet BiblePay does support Dash's instantsend for speedy transactions.
MasterNodes (called Sanctuaries) will come online after Christmas, allowing all expenses to be voted on and approved.

Expense receipts, to prove the sponshorship of new orphans, will be accessible from inside the wallet and we will even provide phone numbers for auditors to prove 100% charity expenditures.  (From the rpc, type 'run contribution' to see the tithes into the foundation for a time period, and to see the outgoing sponsorship click the wallets 'Accountability' button to see a list of orphans, expenses, sponsorship dates, amounts, and the charity phone number, and txid).
 
For the first 6 months, 10% of each block will be allocated to the foundation, for sponsoring orphans at 100%.  Once per month, we will cash in anything over $40 available on an exchange, and sponsor orphans on our
volunteer time.

After the sanctuaries go live, the 10% tithe will be diverted to an ongoing budget with DAO governance, voting, allowing the coin to function
as a dectralized autonomous charity; at that point the lead dev and volunteers will become a normal part of the community allowing the coin to run by itself.

To avoid wasting energy on meaningless SHA hashing, (or mining), biblepay introduces the BibleHash algorithm, that allows biblepay to
run on common commodity PCs, since the algorithm is resistant to porting to video cards and ASICs and is resistant to running in non-full node environments.

In addition to the low energy requirements and high efficiency of POB, the reward per block is set to be relative to the length of time the block took to solve, (meaning that abusive hash attacks result in subsidy decreases).

The network will be high efficiency with low total energy consumption, and the charities sponsored must also be high efficiency (over 75%).
Next, we are deflationary, meaning that we start by issuing a larger amount of coins per block, and each year we tighten the supply by 10%.

The schedule is here: (205 blocks per day, 7 minute block targets):

EMISSION SCHEDULE PROJECTION: http://wiki.biblepay.org/Emission_Schedule

The block reward breakdown is as follows:
http://wiki.biblepay.org/Economics

After our sanctuaries go live, we allocate 20% of each block subsidy to our governance committe (a DAO), automatically, with 50% of that being
spent on charity, and 50% to IT expenses, PR and P2P.

Over time, our sanctuaries will become a charity governance committee, to allow our community to take over the day to day operations of the charity: voting on where the money is spent, how much is spent.
This way, we will not be centralized.

We only partner with charities over 75% efficient, meaning over 75% reach the end-user.

NO PREMINE - the lead dev starts with zero, the orphan foundation fund starts with zero, the distribution is entirely fair.  NO ICO.  The distribution curve is evenly declining with no hidden bumps early.
The self-governance committee and masternode payments are deliberately delayed until Christmas, to allow people to prepare and save up the initial requirement.  Running a sanctuary is open to anyone.
The lead dev will sponsor the first 10 orphans out of his own pocket.

Accountability:

The wallet will have a reconciliation page built in at go live, to show all charitable income and expenses.

The expenses will be auditable - to prove the money actually was spent on orphans.

This will be accomplished through the use of : an RPC audit command that tallies the orphan income from the blockchain,
and secondly, an API connection to a database that stores the Compassion expenses (until sanctuaries go live), with auditable backing contact info for each expense.
We will also provide a web page with pictures of the sponsored orphans clicable from the wallet to show our investors what good we are doing.
And finally- we will maintain a copy of receipts in order to maintain 100% accountability.

Future Feature:
Pay to Preach, in wallet ineractive prayer rooms.

ROADMAP:
JULY-DECEMBER 2017: GO LIVE, SPONSOR ORPHANS MONTHLY
JANUARY 2018:  MASTERNODES (SANCTUARIES) GO LIVE
FEBRUARY 2018: MARKETING, IN WALLET PRAYERS

MAY 2018: MARKET BIBLEPAY AS A 401K ALTERNATIVE

Novel distinct features of BiblePay:

Proof of Bible Hash algorithm (POBh), getblockinfo shows the chained bible verses required to solve the block,
sending money exposes a Tithe checkbox - allowing 10% to be gifted to the orphan foundation,
wallet has an in-wallet prayer system, allowing a user to send out a prayer request to the network or store prayers in the chain for the community to pray for from the overview page,
Transactions support in-chain messages, Instant Send, Voting, Decentralized Automated Charity Governance Committee, Repentance of Sins, Contributing to the orphan foundation checkbox, and reading the sin list and various staple prayers in wallet.


2
Altcoins Faucets / BiblePay (BBP) - FAUCETS
« on: February 19, 2018, 01:22:33 AM »

Pages: [1]
ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod