Quote from: 616westwarmoth on October 01, 2017, 05:27:49 PM

Quote from: bible_pay on October 01, 2017, 03:46:18 PM

Regarding Sanctuaries at Christmas:

Ive been thinking of the economics for the sanctuary reward, and Id like to make one final change before Christmas to the parameters so there are no surprises:

Id like to give masternodes 50% of the block reward, 10% to our sactuary DAO budget for charity items, and 5% to our DAO IT budget, leaving 35% for the miner who mined the block.

This decision was based on the spirit that we are not a mining organization we are a DAC - Decentralized Autonomous Charitable Org, seeking a place in the Top 5 on coinmarketcap, once we establish our "VAR" for the blockchain. Another words, this coin is not promoting a larger mining rat-race, its trying to place the onus on service. With a lower mining reward and higher sactuary reward, more serious partners will invest in the idea and have a true stake in the outcome of biblepay, and be more committed to running a sanctuary and keeping up with its duties (rather than be in this for profit and to jump ship when the price goes up).

I think that we can then focus on adding more features and services to our masternode codebase, that make a niche for BiblePay. Something along the lines of a built in bitcoin blockchain (in the masternodes only) that offers a payment gateway, or an exchange gateway for example, or a c# gateway (IE port Stratis into biblepay or biblepay to stratis). The payment gateway might handle debits/credits for storefronts or credit cards while the instant exchange allows in-wallet bitcoin-biblepay exchanges, or possibly in wallet trading, etc. We need something that propels biblepay to the top 50 and allows us to rise to the top 5.

I would think splitting between miners and masternodes would be equitable. 42.5% miner, 42.5% masternode, 10% Charity DAO, 5% IT DAO. Regardless of what you decide, making the decision this far in advance should be fair to everyone. It gives miners the chance to realize rewards will be reduced far more than they originally thought, give potential masternoder's time to start preparing for the larger duties and share.

One other thought that I did have regards the Orphan Fund. With the Orphan Fund being such a big amount of coins sold at once, it creates tremendous waves in the market. I believe until the Charity DAO is able to fully vote on things, you cap the number of sponsored orphans and then only sell enough to cover their sponsorship and not expand until after the first of the year.

No need to make any changes for such a short time period - we are going live towards the end of year.

What we need is more buyers.

Btw, we do sell the orphan wallet every week now.

Lets focus on the big issues now, ideas that carve out a niche for us.

Im going to start inviting members into the slack team tonight. So far, I know we need:

- General Cryptocoin c++ Developers
- Developer that has zeal for finding security bugs in BBP and BTC.
- Developer that wants to take Dash and BTC recent commits, and merge them into BBP. This is a highly technical position requiring BTC or crypto experience.
- Web developer to make Biblepay web presence better (The web site, Not the pool, I can handle the pool myself for now)
- PR Manager, launching PR campaigs, faucet, etc
- Twitter, Facebook / Social Media Manager
- Operations & Charity management
- Tech Support (Helps resolve users issues with mining, wallet setup, etc)
- Technical Writer for documents