Post
Topic
Board Announcements (Altcoins)
Re: Biblepay BBP Community Discussion Thread
by
tmike
on 24/09/2018, 21:13:34 UTC
Reposting here since Rob deleted my post.

*** HUGE CHANGES IN BIBLEPAY TO IMPROVE OUR COMMUNITY AND HELP OUR CREDIBILITY AND CREATE STRENGTH ***



So this all started when one of our fast participants, Andy from LA offered to help with a few things.  Things that resonated with me because we both pray for BiblePay and receive confirmations about issues. 

Who is Andy and who are the fast participants? This makes me feel like the rest of us aren't important to this project at all.

Key Man Risk:  This started with a conversation from one of Andys clients, wanting to get into BiblePay as a whale, but he was afraid that I was the single point of failure.  After showing him the DAO page, many, many changes were put into play.  One being that we are working on an internal plan to remove key-man risk in Phase 1 (that is at the end of this month).  More info will be given on this today.  This will eliminate key-man risk.

This was a problem we have been discussing for a while now but who will also have the keys? Are the changes really going to decentralize BiblePay?

Sanctuary Simplicity:  The whale would not join unless they find a way for a one-click masternode.  In this case, MIP is now creating a script for one-click sanctuaries.  We also reached out to GIN who came through for us for decentralized sancs.

That's great but how many percentage votes is this person going to have?


The problems with the BiblePay foundation are that we were becoming centralized, and "ruled" by only 6 individuals, with governmental systemic risk.  This gave the rest of the community the feeling that their masternode investment voting rights were not being used appropriately by biblepay, the biblepay directors were "better" than everyone else (IE could make legal decisions and trample on the rights of the community).  Arguably, one of the most important issues raised was the governmental risk involved with a centralized foundation.  This was the risk of being a lightning rod for a government to shut down biblepay or force biblepay to add wallet rules that remove anonymity.

Who is complaining? I have heard of no complaints and have asked several people if they had.

As far as Newbie Experience:  As you know we recently saw the no-team requirement poll pass, and the reward level to non-biblepay teams set to 100%.  In the next version of biblepay, we are trying to make it so a brand new user can mine with very little resistance.  This means downloading the wallet, buying the UTXO amount on the exchange, downloading boinc, and clicking "Add me to Rosetta", and then click "Associate".  The next version will also show how many tasks are running on the GUI - giving the user the understanding that the wallet is working (without going through RPC commands).

Having to setup PODC is by far the hardest and causes the most "resistance". Joining Biblepay is more of a issue of Religion and investment profitability and coin stability. I will be very surprised if the change increases the number of miners by a handful.