Quote from: nananaminer on October 03, 2017, 04:29:40 AM

Quote from: bible_pay on October 03, 2017, 04:10:29 AM

Quote from: znffal on October 03, 2017, 02:16:05 AM

Quote from: 616westwarmoth on October 03, 2017, 01:45:30 AM

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

Well its certainly an impressive API. I like how the group coded it in Go, which is a language I never used, but its certainly interesting.
It looks to be well thought out, extensible and useful. I see its constantly changing - being expanded and contributed by over 10 people.
It appears at the core, the bitcoin daemon runs with segwit turned on, and that participating nodes form a service over a secure channel.
I think the core functionality is that a merchant can transmit an invoice on the fly in an encrypted string over the channel into the hive of daemons, and then
one chosen node picks up the invoice and the corresponding payment and pays the invoice, thus facilitating payments using tokens (IE lets pay $1 to XYZ from user ABC) without either having to type 60 characters in, its a full fledged po/invoice/payment decentralized payment system.

As far as modifying it and running it with BBP instead of BTC, maybe. I mean there are a lot of factors to consider and what its primary use case is. One involves if each masternode would be a lightning node, and be required to update every time lightning changes, or if we would have one lightning node run at 'biblepay central' (if we have such a place etc). Right off the bat though, these questions can be answered by solving some of our most rudimentary requirements first and then the answers will be clear.

Imo, we need order depth, volume, and usefulness for biblepay. So I think after the sanctuaries go live, we still seek to be listed on a few of the big exchanges, maybe we pay them in BBP if they refuse to help us for free) and that should help half of the volume problem (as volume does not thin out when we expand exchanges like some posts claim here, it increases), that will help a lot causing volume to go from .2 btc per day to 5-6 btc a day. Then we integrate with one debit card. I think we really need to prove that you can order a roll of silver coins with BBP to have around during the great tribulation, maybe an order for some emergency food pails, just prove that biblepay is a useful currency. You can also use your BBP debit card at a restaurant.