Post
Topic
Board Announcements (Altcoins)
Re: BiblePay 🕇 Sanctuary Governance 🕇 CPU only 🕇 Help cure disease 🕇 10% Charity
by
616westwarmoth
on 05/09/2018, 18:10:03 UTC

Although I generally feel this is a good post in most respects, I want to offer the assertion that the "1% gain in boinc participation" should not necessarily be considered way too high in  our estimations.  I would say that in most PR campaigns that would be a true statement.  However, in this case for all intents and purposes we are basically inviting users who are already paid up on the hardware and paid on the electricity to come to BIBLEPAY for only the cost of the UTXO (which is considered their asset - they get to keep it - so its not a capital expense to them).  So on the grounds that they can tinker with a new novelty item (Those that were resistant to crypto) this might be the kicker that gets them started, I would argue over a year, it is possible to gain 20% of the boinc users (IE 10,000).  

This campaign is sort of an experiment, to see if we can become a seed in order to become a household name later.  Im looking at this as the difference between biblepays
 stagnation (requiring us to really think out of the box to grow), or possibly gaining a massive amount of PR and growing through this experience.  This appears to me to be the Holy Grail opportunity for growth at this time for the PODC side- especially since we already do that so well.  We are great cancer miners, and great at WCG.  

I do not believe the long term effect of additional boinc users is a price dump!  They can only dump the coins once while value buyers buy them once, at that point once the emission is emitted, our total supply is stable.  Another words, I view 10,000 miners with 10,000 exchange accounts as much less volatile and more stable for our price than 1,000 miners (over the long term - 1 year out+).

Anyway, I will roll with this either way, as I said I am for no double dipping and nice team stats, but I lean towards Growth at this time and feel with our blacklist feature we can prevent double dipping and make our own stats report.


I respect your thoughts and discussion.

My major proofs that 1% is pretty high are 1) Byteball.  The paid out on 84.8M WCG Points, and there were a total of 906M points earned overall at the project.  So they go less than 10% on a no-staking, no-risk, super-easy to link coin.  2) Last time I ran the numbers, on the two CPU projects we were about 10x more profitable than Gridcoin. Gridcoin users are, by and large, savvy with crypto, so the technical barrier to entry is pretty low for them, but we've not seen many converts recently, which if they cared solely for maximizing profit, the would come here, PoDC BBP, sell it and buy GRC for a massively increased return.  That they haven't leads me to believe we're either still too hard, we've not been convincing enough that we're not a scam-coin or there are too many anti-religious crypto users that wouldn't come here even if the profits were 100-fold.  I don't truly believe we're too hard for a GRC user, so that leaves really the other two options, the first we can affect by increased transparency and the second we have not bearing on.