Post
Topic
Board Announcements (Altcoins)
Re: BiblePay✟CPU✟Governance✟Help Orphans✟PODC Cancer Mining✟Deflationary✟Masternodes
by
bible_pay
on 20/11/2018, 14:38:41 UTC
New discussion thread / concept...  Proof Of Giving

https://forum.biblepay.org/index.php?topic=319.msg4700#msg4700

Please read over the concept on the wiki, and provide feedback.  

Again this is a pre-implementation discussion, trying to gauge feedback.  I believe this concept would simplify things quite a bit, and would replace the current distributed computing process.


I gave it up after few words....... https://wiki.biblepay.org/Proof-of-Giving  Roll Eyes

me too Smiley i think i had enough of all these proofs and game rules changes... and price will soon go to 4 * 10^-8, then 3, 2, 1 and it seems to me it does not look good at all...

I realize a lot of people may at first, tend to think "What is BiblePay doing, making another change" - and your intuition is telling you this because you are viewing it as a hassle - or maybe even an environment that would trip up our growth.

But let offer more possibilities for discussion:

1)  We moved to PODC from POBH because our 'botnet' would not upgrade on time (risking a fork for us when we had updates), and the botnet was greedy (taking money from the poor giving to the rich), and the POBH plain algorithm couldnt do anything about it without some type of UTXO punishment involved (which we didnt have).  However, POBH did have the advantage of "easy adoption" - It was very easy to install the wallet and run an integrated miner - remember this aspect.....

2) When we moved to PODC, it was innovative and our price was still high, so it appeared to be worth the effort to switch.

3) Then we added this 20BBP UTXO stake requirement, which makes it even harder to get started for newbies.

Now we are experiencing attrition, and people are telling me we are too complicated to set-up.

Please consider POG for those reasons.  If its easy to set up, we can grow as a community.  Theoretically, a larger community will have more investors over the long term and should therefore allow us to eventually recover in price.  We need to shoot for 10,000 users.  At this point I believe we are shrinking by a user or two per day.  We need to be growing by 3-4 users per day.


And in summary, I admit this - I'm a neutral person - I'm not going to hide when something is a failure.  I admit right here that I believe we made a mistake by voting in the team requirements changes.  It didn't help.  Anyone who wants to use biblepay appears to not mind changing the team.  So what Im saying is we should be adapting and rolling with the punches.