Re: Which ALTS are the NEXT BIG THING? Add your Valid suggestion here now >>>>> POLL
BiblePay (BBP)
- 10% mined coins always go to Charity (already sponsoring 180+ Orphans monthly)
- ASIC-Resistant like Vertcoin/Groestlcoin (CPU Mining Only)
- fork of DASH (Masternode Governance Model, Budget Proposals & Voting)
- POBh Proof of BibleHash Algorithm, All Nodes are Full Nodes
Launched July 23rd 2017, market cap ~1-2 million
Love one another, be a good Samaritan, help those in distress, and spread the gospel
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1. Proven development team - already fully functioning product/software.
Tweaks and improvements yet to come fine but the core product is functioning already.
- Lead Developer Rob has 20 years programming experience
- 95 code commits: https://github.com/biblepay/biblepay
- Integrated Orphan Letter Writing system with upvote/downvote rating feature
https://www.reddit.com/r/BiblePay/comments/7647fc/please_remember_to_write_orphan_letters/
0% fees on main Pool if miner writes a letter to an Orphan each month
- Rewards for reading and watching Gospel Links
- Potential future integration with Stratis (STRAT)
2. Obvious Use case
- Charity, sponsoring Orphans and Widows, funding water wells, goats and cows
- Spreading Christianity
3. Not already in the top 10
- Current Market Cap $1-2 million, Rank #605
https://coinmarketcap.com/currencies/biblepay/
4. Initial distributional method
- NO Premine
- NO Instamine
- NO ICO
- Announced on bitcointalk with windows wallet exe and linux code
https://bitcointalk.org/index.php?topic=2042657.0
5. Long term commitment and proven staying power
- Masternode Governance Model (Voting & Budget Proposal Systems)
https://dashpay.atlassian.net/wiki/spaces/DOC/pages/8585240/Understanding+the+Governance+and+Budget+System
- Sadly if project dies hundreds of Orphans will stop receiving funding
Learn More: https://bitcointalk.org/index.php?topic=2388064.0
Thank you for using the format OP asks for.
Personally I'm a little uncertain if it fits the criteria or not. My concerns are:
1. Proven development team. Not sure we can conclude a development team is proven after less than six months.
2. Obvious use case. Any coin can be used for charity, and several have it as their main focus. I don't believe that a coin who's only use case is charity has much chance of wide spread adoption, and thus also will fail as a charity coin. Maybe togoshigekata can elaborate on this?
Despite my above concerns, I believe it warrants a discussion about adding them to the list or not. Arguments have been made for all five criteria, and unless they are met by counter arguments, the coin should make it to the list.
6 months is to young to be added to the list.If this coin will be added there can be added dozens of coins and that wouldnt be the sense of the thread i think.
The sense is to make a list with the best coins.Real longterm projects,fair,with a real usecase.Not any coins that is a little better then the rest.There are to many out there..
I also think they should not be added, but they made arguments for all 5 criteria so it's fair to discuss it before dismissing them I think.
I don't believe we can have any criteria for how old the coin should be to be accepted. Some coins go through a lot of development before they launch. But in this case I think they are to young to deserve the label proven. I base this on the age of the coin + one more argument that I did not make above; One of the arguments this is a proven team, was that the lead dev has 20 yours of coding experience. That is a good starting point of course, but does not make him a proven blockchain dev. We have several code monkeys in BitBay with a life long coding experience. They are very talented, but there is still a lot they don't know about blockchain. The reason that is not a problem in BitBay is that they have David to go to for guidance and code review. I don't see any experienced blockchain devs listed in the argument for BBP being proven team.