Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
nananaminer
on 03/10/2017, 04:29:40 UTC
Spreading the trading thin on multiple exchanges is not good for a small volume coin.  Additionally, since the coin is so young and things change from time to time, exchanges look down on having to go offline to redo mandatory wallets.  The thing that has been talked about is after Masternodes (Sanctuaries) go online in late December, the Dev (well, the DAO at that point) will look at adding more exchanges.  Hopefully by then, volume/pricing will be sufficient to maintain a healthy trade on more than one exchange.  Right now with the price hovering at 11 to 13 satoshi it takes a lot of volume to make it worth an exchange's time.  We are getting by on C-Cex since they consider us a charity style coin and not quite subject to their normal rules.  The hope is that Masternodes will be the jump start to move this coin forward to the point where it becomes reasonable to be on more than one exchange.



That seems fair enough. I don't want to trade on C-Cex (at least not yet) and I don't think I can buy on the biblepay website, so I will try to get mining set up for now so I can get some of this coin.
I dont think we can offer website trading due to trading regulations per county, except, we can offer a free faucet.  Im going to eventually airdrop 1 million BBP through a google campaign, as long as the user downloads the wallet, eventually when I get a chance.


@bible_pay What are your thoughts on connecting Biblepay with Bitcoin/Litecoin through a lightening network. Will offer a p2p option to deposit and buy. as well as can make the coin an easy destination for charitable donations, one can setup, say 0.001 BTC to be donated every month via Biblepay and it can be ran it through the DAO.  What are the technical challenges and feasibility constraints?
 
Feel it can provide a more connected ecosystem with other established coins and also creating more value + exposure for Biblepay. I like Vertcoin's lightening network with litecoin as a means to make micro transactions, same way Biblepay can be setup for micro donations. Would like to hear the community's thoughts on this.

Edit: https://github.com/lightningnetwork/lnd