Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
oliwer21
on 27/12/2017, 15:42:51 UTC
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?
Could you rephrase the question, are you saying Sanctuaries who create a bitcoin economy for us are worthless?
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.

Understanding Masternodes
https://dashpay.atlassian.net/wiki/spaces/DOC/pages/33947684/Understanding+masternodes

Masternodes vs Mining
https://dashpay.atlassian.net/wiki/spaces/DOC/pages/56655894/Masternode+vs.+Mining

Understanding the Governance and Budget System
https://dashpay.atlassian.net/wiki/spaces/DOC/pages/8585240/Understanding+the+Governance+and+Budget+System

PrivateSend
https://dashpay.atlassian.net/wiki/spaces/DOC/pages/1146924/PrivateSend

InstantSend
https://dashpay.atlassian.net/wiki/spaces/DOC/pages/1146928/InstantSend

DASH School
https://www.youtube.com/playlist?list=PLiFMZOlhgsYKKOUOVjQjESCXfR1cCYCod

"The Sanctuaries will allow us to decentralize our community to become a decentralized autonomous charity.
Masternodes earn approx 1/24th of the initial requirement per month
Potential ROI: http://pool.biblepay.org/docs/roi.htm"

Anyone can own and operate a sanctuary (masternode)!
Putting this in this moment is a bit pointless we are no as big as other coins... a most fun part we don't have any move in coin. This examples are good for coins which people use and we almost can't( one market working right now).