Quote from: bible_pay on August 06, 2018, 08:31:47 PM

Quote from: aikida3k on August 06, 2018, 07:23:42 PM

Helping miners won't do anything to raise the price of BBP. Miners don't help the price of a cryptocurrency, miners only introduce supply. All new supply of a cryptocurrency is introduced by miners. Lowering RAC is only an encouragement to introduce more supply.

The way to help the price of BBP is by encouraging buyers to buy BBP. But buyers are not encouraged to buy any alts right now as the price of BTC is decreasing. Since BBP is priced in BTC, no one is encouraged to buy BBP.

A way to encourage potential buyers to buy without regard to the future value of BBP is to encourage people to buy BBP in order to support orphans. Most of these people could be found in churches. Let them know the benefit of buying BBP versus giving to a conventional charity because they might actually realize a profit from their "gift of buying BBP" whereas giving to a traditional charity gives them no chance of realizing a profit.

EDIT
So in summary, I believe people are afraid to buy BBP because they are afraid of BTC continuing lower. I won't be surprised if BTC touches $4000. $4000 was the average price for 2017 and BTC has a history of reverting to the prior year's mean. There isn't much we can do about that. But we can encourage people to buy to support orphans with the chance of realizing a profit.

BBP tagline should be: Support orhphans and do good with the chance of realizing a profit.

Thanks for your opinion, but spreading our popularity DOES have lasting effects, and one of the ways to spread popularity is to make it easier to mine (thats how we adopt ourselves to new users).

One of the barriers of Biblepay is its technical difficulty in setting up both PODC mining and Heat mining.

Thats why we are having this conversation.

A success story like Litecoin was born because they made the wallet easy to mine for thousands of miners. Those miners became investors along the way and loyal users. The loyalty paid off over time and due to more demand than sales and the price went from $1 to $80 a coin.

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One of the barriers of Biblepay is its technical difficulty in setting up both PODC mining and Heat mining.

You were the one that said you were creating this for a "better breed of Christians" that would understand how to mine this. I don't really want to go back and find the post where you actually said that, but you said you didn't mind it being difficult to attract a "better breed".

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A success story like Litecoin was born because they made the wallet easy to mine for thousands of miners. Those miners became investors along the way and loyal users. The loyalty paid off over time and due to more demand than sales and the price went from $1 to $80 a coin.

Miners didn't push the price from 1 to 80, buyers did. Market buyers are the only ones who absorb liquidity and push prices higher. It is a logical fact that market buyers are required to move the price higher. Miners do not set market buys, only sell limit and sell market orders. For a fact, right now the price of BBP isn't moving because almost absolutely no one is entering market orders, just limit orders.

Pretty sure LTC is an ASIC coin now anyway. ASIC miners aren't pushing up the price of LTC.

You didn't model the effusion like Litecoin, you modeled the effusion much closer to DOGECOIN.
The founder of DOGECOIN still works his day job at Adobe.

https://twitter.com/ummjackson/status/1022684446074368006

Here is the "better breed" post:

Quote from: bible_pay on March 14, 2018, 07:21:08 PM

Quote from: rascolians on March 14, 2018, 06:23:50 PM

Quote from: bible_pay on March 14, 2018, 03:17:07 PM

Quote from: ride22 on March 14, 2018, 01:45:39 PM

Hey,
Just curious, can we make this any more complicated to mine this coin? We went from extremely easy, to something that requires a ridiculous amount of time to understand. Maybe we can add a couple of more acronyms, and steps that the average user is unwilling / unable to deal with.

Roll Eyes

Its pretty easy, maybe go for flubber coin?

Won't win any awards for plain English however...

Our documentation is very good, and we are easier to understand than a BFL Labs ASIC, and of a higher calling, you just need a moderate IQ to understand the documentation. This sets us apart, being a better breed for Christ.