205 blocks daily . aprox reward for block for MN is 5500= 1.12M / 40 ENABLED MN = every MN get 28 000 BBP daily?
I wanted to ask what is cpu usage in MN if it is below 50% it is nice scam for young coin... cuz they get money for? Nothing?1) Sanctuaries create a bitcoin economy because they require 1.55MM biblepay to be locked.
2) They provide instandsend
3) They provide bbp mixing
4) They provide external nodes, a highly underestimated feature required by proof of service, and a stable resilient network
5) They run custom mission critical code (not used by us yet)
6) They provide governance and voting - a cornerstone of biblepay
Without Sanctuaries, our price would potentially be right in the graveyard, where all the other "cpu mined" coins went.
Its a highly ignorant statement, and I would suggest doing more due diligence before posting here in the future.
It can be argued that miners only Take from biblepay as they certainly dont need to be investors. But I make the assumption with Biblepay our miners have a propensity to be investors and help the community in a grass roots way.
No,no, no
I'm not telling we dont need masternodes...
Maybe my point of view is wrong but now masternodes are getting much more coins than other rigs for what? I don't know? I'm asking. Somethings you wrote are not able yet... so i try to look on simple economical view. What happen when they relese all coin from their month "work"? I think our economy will be fu.. bad;)
I just wonder is it good that mn get 50% when coin is so young?
The main reason is we put half of the emphasis on owning a Sanctuary for ROI in BiblePay, in contrast to the greed-based rat race side- the mining side - to generate biblepay. This means a large percentage of computers that generate profits by mining will need to reconsider being an investor - and holding biblepay for the long term instead, changing the nature of the coin. I never said we wanted to be proof-of-stake, I think biblepay attracts the remnant of those that already mined the likes of litecoin and dash, and wants to re-gauge their leverage by working with our community while we are very cheap.
The other aspect is one can use their God born intelligence to help us develop new gospel features, and add and evaluate proposals from the Sanctuary side (IE focusing their intelligence on doing a lot with a little by helping people)- instead of being focused on the greed based money side of it.
Another way to put it is we are trying to serve God not Mammon.
The miners are still there for security and because we are a cryptocurrency.
(We should have made it 51% sancs 49% miners, but its too late).