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(Updated last 3 paragraphs of description to present tense from future)
 
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{| class="wikitable" style="text-align:center; margin-left:2em"
 
{| class="wikitable" style="text-align:center; margin-left:2em"
−
|| BIBLEPAY ||
+
|| BIBLEPAY || 10% Charity, Masternodes (Sanctuaries), ASIC-Resistant, CPU-Mining
 
|-
 
|-
 
|| Mint || Decentralized Proof Of Work
 
|| Mint || Decentralized Proof Of Work
 
|-
 
|-
−
|| Launch Date || August 2017
+
|| Launch Date || July 23rd, 2017
 
|-
 
|-
−
|| Developed by || Robert Chalupa
+
|| Developed by || Robert Andrews
 
|-
 
|-
 
|| Ticker || BBP
 
|| Ticker || BBP
Line 18: Line 18:
 
|| Operating System || Windows, Linux, macOS
 
|| Operating System || Windows, Linux, macOS
 
|-
 
|-
−
|| Algorithm || Proof-of-BibleHash
+
|| Algorithm || RandomX (merge mining)
 
|-
 
|-
−
|| Current Version || Client v1.0.8.1 mandatory
+
|| Current Version || Client v1.6.2.5 mandatory
 
|-
 
|-
−
|| Release Date || August 7, 2017
+
|| Blocktime || avg 7 Minutes
 
|-
 
|-
−
|| Blocktime || avg 9 Minutes
+
|| Reward || 20,000 Decreasing by 1.5% per month (Approx 19% per year)
−
|-
 
−
|| Reward || 20,000 Decreasing by 10% per year
 
 
|}
 
|}
  
−
 
+
==='''DETAILS'''===
 
<p>'''NAME:''' BIBLEPAY</p>
 
<p>'''NAME:''' BIBLEPAY</p>
−
 
+
<p>'''TICKER:''' BBP</p>
  
 
<p>'''LAUNCH DATE:'''  JULY 23, 2017 at 17:00:00 CST</p>
 
<p>'''LAUNCH DATE:'''  JULY 23, 2017 at 17:00:00 CST</p>
  
−
<p>'''BLOCK TARGET RATE:''' 9m 47s </p>
 
−
 
−
<p>'''ALGORITHM:''' PROOF OF BIBLEHASH (POBh) ** NEW **</p>
 
−
 
−
<p>First coin with the KJV Bible compiled in the source, and utilizing the Bible in the hashing algorithm, while spreading the gospel throughout the IT community.  The blocks also hash to chained bible verses.</p>
 
−
 
−
<p>'''TRANSACTION SPEED:''' SUPPORTS INSTANTSEND</p>
 
−
<p>'''MASTERNODE(SANCTUARY) SUPPORT:''' Supported after Christmas 2017</p>
 
−
<p>'''SANCTUARY SUBSIDY BREAKDOWN:''' 10% TO CHARITY, 10% TO MASTERNODES, 80% TO MINER</p>
 
−
<p>'''FORUM:''' [http://bitcointalk.org/topic=2042657 Bitcointalk]</p>
 
−
<p>'''Backup Forum:'''[http://forum.biblepay.org/ forum.biblepay.org]</p>
 
−
<p>'''BLOCK EXPLORER:'''[https://biblepay-explorer.org/ biblepay-explorer.org]</p>
 
−
<p>'''BLOCK EXPLORER:'''[http://explorer.biblepay.org:3001/ explorer.biblepay.org]</p>
 
−
<p>'''SOURCE CODE:'''[http://github.com/biblepay/biblepay Github]</p>
 
−
<p>'''WEB SITE:'''[http://biblepay.org biblepay.org]</p>
 
−
<p>'''EXCHANGES:'''[https://c-cex.com/?p=bbp-btc c-cex]</p>
 
−
<p>'''TICKER:''' BBP</p>
 
−
<p>'''Exchange Go Live Date:'''  August 15th 2017</p>
 
 
<p>'''PREMINE:''' NONE</p>
 
<p>'''PREMINE:''' NONE</p>
 
<p>'''ICO:''' NONE</p>
 
<p>'''ICO:''' NONE</p>
−
<p>'''INCONSISTENT REWARDS:''' NONE</p>
+
 
 
<p>'''CIRCULATION CHARACTERISTIC:''' DEFLATIONARY</p>
 
<p>'''CIRCULATION CHARACTERISTIC:''' DEFLATIONARY</p>
 
<p>'''CIRCULATION RATE:''' DECREASE BY 10% PER YEAR</p>
 
<p>'''CIRCULATION RATE:''' DECREASE BY 10% PER YEAR</p>
 
<p>'''TOTAL CIRCULATION:''' 5.2 BILLION BY 2050, DECREASING BY 18% PER YEAR</p>
 
<p>'''TOTAL CIRCULATION:''' 5.2 BILLION BY 2050, DECREASING BY 18% PER YEAR</p>
  
−
<p>'''DESCRIPTION:'''</p>
+
<p>'''BLOCK TARGET RATE:''' 7 MINUTES</p>
−
<p>A secure blockchain benefiting those in distress - 10% of the emission goes to sponsoring Orphans, with provable contributions, expenses contributed to [http://compassion.com http://compassion.com] - and future charities that are more than 75% efficient.  ** NOTE: THE COIN HAS RPC COMMANDS THAT PROVE 100% OF CONTRIBUTIONS ARE SPENT THE WAY INTENDED **</p>  
 
  
 +
<p>'''ALGORITHM:''' RandomX (merge mining)</p>
 +
<p>'''TRANSACTION SPEED:''' SUPPORTS INSTANTSEND</p>
  
−
100% BLOCK REWARD IS DIVIDE THIS SYSTEM-SCHEMA
+
<p>First coin with the KJV Bible compiled in the source, and utilizing the Bible in the hashing algorithm, while spreading the gospel throughout the IT community.  The blocks also hash to chained bible verses.</p>
  
−
<p>'''10% TO CHARITY</p>
+
==='''BLOCK REWARD'''===
−
<p>'''10% TO P2P/IT/PR</p>
+
    5.0% Monthly Budget 
−
<p>'''40% TO MASTERNODES</p>
+
 
−
<p>'''40% TO MINERS</p>
+
            Exchange Fund Payoff 
 +
            IT (Software Development) 
 +
            MISC
 +
 
 +
  50.0% GSC (Generic Smart Contracts)
 +
 
 +
            Portfolio Builder Rewards
 +
 
 +
  25.0% RandomX (CPU Mining)
 +
 
 +
  20.0% Sanctuaries (Masternodes)
  
 +
==='''LINKS'''===
 +
<p>'''Bitcointalk Forum:''' [https://bitcointalk.org/index.php?topic=2388064.0 bitcointalk.org/index.php?topic=2388064.0]</p>
 +
<p>'''BiblePay Forum:''' [http://forum.biblepay.org/ forum.biblepay.org]</p>
  
−
<p>Proof of Work has been replaced with Proof Of Biblehash (POBh) - an algorithm that compensates full nodes participation, while preventing GPUs and ASIC by requiring full blockchain transaction referencing in the hashing function, along with chained bible verses. This means biblepay subsidizes full nodes that stay online.</p>
+
<p>'''BLOCK EXPLORER:''' [https://chainz.cryptoid.info/bbp/ chainz.cryptoid.info/bbp]</p>
  
−
<p>Seven minute block targets minimize the blockchain file size, yet BiblePay does support Dash's instantsend for speedy transactions. MasterNodes (called Sanctuaries) will come online after Christmas, allowing all expenses to be voted on and approved.</p>
+
<p>'''SOURCE CODE:''' [https://github.com/biblepay/biblepay github.com/biblepay/biblepay]</p>
 +
 
 +
<p>'''WEB SITE:''' [http://biblepay.org biblepay.org]</p>
 +
 
 +
==='''EXCHANGES'''===
 +
<p>'''[https://www.southxchange.com/Market/Book/BBP/BTC SouthXchange]'''</p>
 +
 
 +
==='''DESCRIPTION'''===
 +
<p>A secure blockchain benefiting those in distress - 10% of the emission goes to sponsoring Orphans, with provable contributions, expenses contributed to [https://www.cameroonone.org/ https://www.cameroonone.org/] - and future charities that are more than 75% efficient.  ** NOTE: THE COIN HAS RPC COMMANDS THAT PROVE 100% OF CONTRIBUTIONS ARE SPENT THE WAY INTENDED **</p>
 +
 
 +
<p>Proof Of Biblehash (POBh) has been replaced with RandomX(merge mining) - an algorithm that combines mining BBP and XMR(Monero), while preventing GPUs and ASIC, along with chained bible verses. This means biblepay subsidizes full nodes that stay online.</p>
 +
 
 +
<p>Seven minute block targets minimize the blockchain file size, yet BiblePay does support Dash's instantsend for speedy transactions. MasterNodes (called Sanctuaries) allow all expenses to be voted on and approved.</p>
 
<p>Expense receipts, to prove the sponshorship of new orphans, will be accessible from inside the wallet and we will even provide phone numbers for auditors to prove </p>
 
<p>Expense receipts, to prove the sponshorship of new orphans, will be accessible from inside the wallet and we will even provide phone numbers for auditors to prove </p>
−
100% charity expenditures.  (From the rpc, type &#39;run contribution&#39; to see the tithes into the foundation for a time period, and to see the outgoing sponsorship click the wallets &#39;Accountability&#39; button to see a list of orphans, expenses, sponsorship dates, amounts, and the charity phone number, and txid).
+
100% charity expenditures.  (From the rpc, type &#39;run contribution&#39; to see the tithes into the foundation for a time period, and to see the outgoing sponsorship click the wallets &#39;Accounting&#39; button to see a list of orphans, expenses, sponsorship dates, amounts, and the txid).
 
   
 
   
 
<p>For the first 6 months, 10% of each block will be allocated to the foundation, for sponsoring orphans at 100%.  Once per month, we will cash in anything over $40 available on an exchange, and sponsor orphans on our volunteer time. After the sanctuaries go live, the 10% tithe will be diverted to an ongoing budget with DAO governance, voting, allowing the coin to function as a dectralized autonomous charity; at that point the lead dev and volunteers will become a normal part of the community allowing the coin to run by itself.</p>
 
<p>For the first 6 months, 10% of each block will be allocated to the foundation, for sponsoring orphans at 100%.  Once per month, we will cash in anything over $40 available on an exchange, and sponsor orphans on our volunteer time. After the sanctuaries go live, the 10% tithe will be diverted to an ongoing budget with DAO governance, voting, allowing the coin to function as a dectralized autonomous charity; at that point the lead dev and volunteers will become a normal part of the community allowing the coin to run by itself.</p>
  
−
<p>To avoid wasting energy on meaningless SHA hashing, (or mining), biblepay introduces the BibleHash algorithm, that allows biblepay to
 
−
run on common commodity PCs, since the algorithm is resistant to porting to video cards and ASICs and is resistant to running in non-full node environments.</p>
 
−
<p>In addition to the low energy requirements and high efficiency of POB, the reward per block is set to be relative to the length of time the block took to solve,
 
−
(meaning that abusive hash attacks result in subsidy decreases).</p>
 
 
<p>The network will be high efficiency with low total energy consumption, and the charities sponsored must also be high efficiency (over 75%).
 
<p>The network will be high efficiency with low total energy consumption, and the charities sponsored must also be high efficiency (over 75%).
 
Next, we are deflationary, meaning that we start by issuing a larger amount of coins per block, and each year we tighten the supply by 18%.</p>
 
Next, we are deflationary, meaning that we start by issuing a larger amount of coins per block, and each year we tighten the supply by 18%.</p>
  
−
The schedule is here: (147 blocks per day, avg time block is 9m 47s block targets):
+
The schedule is here: (205 blocks per day, 7 minute block targets)
 +
 
 
EMISSION SCHEDULE PROJECTION: http://wiki.biblepay.org/Emission_Schedule
 
EMISSION SCHEDULE PROJECTION: http://wiki.biblepay.org/Emission_Schedule
  
−
<p>The block reward breakdown is as follows:</p>
+
<p>The block reward breakdown is as follows</p>
  
 
ECONOMICS: http://wiki.biblepay.org/Economics
 
ECONOMICS: http://wiki.biblepay.org/Economics
  
 +
<p>We allocate 10% of each block subsidy to our governance committee (a DAO), automatically, with 100% of that being spent on charity. 
  
−
<p>After our sanctuaries go live, we allocate 10% of each block subsidy to our governance committe (a DAO), automatically, with 100% of that being
+
Our sanctuaries are a charity governance committee, allowing our community to control the day to day operations of the charity: voting on what money is spent on, and how much is spent. This way, we will not be centralized.</p>
−
spent on charity. 
 
−
 
 
−
Over time, our sanctuaries will become a charity governance committee, to allow our community to take over the day to day operations of the charity: voting on where the money is spent, how much is spent.
 
−
This way, we will not be centralized.</p>
 
  
−
<p>We only partner with charities over 75% efficient, meaning over 75% reach the end-user.</p>
+
<p>We only partner with charities over 75% efficient, meaning over 75% reaches the end-user.</p>
  
−
 
+
==='''NO PREMINE'''===
−
<p>'''<span style="color:#ff0000">NO PREMINE:</span>'''</p>
 
 
<p>the lead dev starts with zero, the orphan foundation fund starts with zero, the distribution is entirely fair.  NO ICO.  The distribution curve is evenly declining with no hidden bumps early.
 
<p>the lead dev starts with zero, the orphan foundation fund starts with zero, the distribution is entirely fair.  NO ICO.  The distribution curve is evenly declining with no hidden bumps early.
 
The self-governance committee and masternode payments are deliberately delayed until Christmas, to allow people to prepare and save up the initial requirement.  Running a sanctuary is open to anyone.
 
The self-governance committee and masternode payments are deliberately delayed until Christmas, to allow people to prepare and save up the initial requirement.  Running a sanctuary is open to anyone.
 
The lead dev will sponsor the first 10 orphans out of his own pocket.</p>
 
The lead dev will sponsor the first 10 orphans out of his own pocket.</p>
−
<p>'''<span style="color:#ff0000">Accountability:</span></p>
+
 
 +
===<p>'''ACCOUNTABILITY'''</p>===
 
<p>The wallet will have a reconciliation page built in at go live, to show all charitable income and expenses.</p>
 
<p>The wallet will have a reconciliation page built in at go live, to show all charitable income and expenses.</p>
 
<p>The expenses will be auditable - to prove the money actually was spent on orphans.</p>
 
<p>The expenses will be auditable - to prove the money actually was spent on orphans.</p>
Line 114: Line 114:
 
<p>Future Feature: Pay to Preach, in wallet ineractive prayer rooms.</p>
 
<p>Future Feature: Pay to Preach, in wallet ineractive prayer rooms.</p>
  
−
<p>'''ROADMAP:'''</p>
+
==='''ROADMAP'''===
−
JULY-DECEMBER 2017: GO LIVE, SPONSOR ORPHANS MONTHLY
 
  
−
JANUARY 2018: MASTERNODES (SANCTUARIES) GO LIVE
+
[https://wiki.biblepay.org/Roadmap wiki.biblepay.org/Roadmap]
  
−
FEBRUARY 2018: MARKETING, IN WALLET PRAYERS
+
==='''DISTINCT FEATURES'''===
  
−
MAY 2018: MARKET BIBLEPAY AS A 401K ALTERNATIVE
+
<p>Proof of Bible Hash algorithm (POBh), getblockinfo shows the chained bible verses required to solve the block, sending money exposes a Tithe checkbox - allowing 10% to be gifted to the orphan foundation, wallet has an in-wallet prayer system, allowing a user to send out a prayer request to the network or store prayers in the chain for the community to pray for from the overview page, Transactions support in-chain messages, Instant Send, Voting, Decentralized Automated Charity Governance Committee, Repentance of Sins, Contributing to the orphan foundation checkbox, and reading the sin list and various staple prayers in wallet.</p>
  
−
<p>Novel distinct features of BiblePay:</p>
+
==='''ALL PAGES'''===
−
 
+
All Wiki Pages: [[Special:AllPages]]
−
<p>Proof of Bible Hash algorithm (POBh), getblockinfo shows the chained bible verses required to solve the block, sending money exposes a Tithe checkbox - allowing 10% to be gifted to the orphan foundation, wallet has an in-wallet prayer system, allowing a user to send out a prayer request to the network or store prayers in the chain for the community to pray for from the overview page, Transactions support in-chain messages, Instant Send, Voting, Decentralized Automated Charity Governance Committee, Repentance of Sins, Contributing to the orphan foundation checkbox, and reading the sin list and various staple prayers in wallet.</p>
 

Latest revision as of 17:29, 28 June 2021

BIBLEPAY 10% Charity, Masternodes (Sanctuaries), ASIC-Resistant, CPU-Mining
Mint Decentralized Proof Of Work
Launch Date July 23rd, 2017
Developed by Robert Andrews
Ticker BBP
Plural Biblepays
Subunit mBBP =0.001
Lowest Unit 0.00000001 = 1 BBP
Operating System Windows, Linux, macOS
Algorithm RandomX (merge mining)
Current Version Client v1.6.2.5 mandatory
Blocktime avg 7 Minutes
Reward 20,000 Decreasing by 1.5% per month (Approx 19% per year)

DETAILS

NAME: BIBLEPAY

TICKER: BBP

LAUNCH DATE: JULY 23, 2017 at 17:00:00 CST

PREMINE: NONE

ICO: NONE

CIRCULATION CHARACTERISTIC: DEFLATIONARY

CIRCULATION RATE: DECREASE BY 10% PER YEAR

TOTAL CIRCULATION: 5.2 BILLION BY 2050, DECREASING BY 18% PER YEAR

BLOCK TARGET RATE: 7 MINUTES

ALGORITHM: RandomX (merge mining)

TRANSACTION SPEED: SUPPORTS INSTANTSEND

First coin with the KJV Bible compiled in the source, and utilizing the Bible in the hashing algorithm, while spreading the gospel throughout the IT community. The blocks also hash to chained bible verses.

BLOCK REWARD

   5.0% Monthly Budget  
  
           Exchange Fund Payoff  
           IT (Software Development)  
           MISC
  
  50.0% GSC (Generic Smart Contracts)
  
           Portfolio Builder Rewards
  
  25.0% RandomX (CPU Mining)
  
  20.0% Sanctuaries (Masternodes)

LINKS

Bitcointalk Forum: bitcointalk.org/index.php?topic=2388064.0

BiblePay Forum: forum.biblepay.org

BLOCK EXPLORER: chainz.cryptoid.info/bbp

SOURCE CODE: github.com/biblepay/biblepay

WEB SITE: biblepay.org

EXCHANGES

SouthXchange

DESCRIPTION

A secure blockchain benefiting those in distress - 10% of the emission goes to sponsoring Orphans, with provable contributions, expenses contributed to https://www.cameroonone.org/ - and future charities that are more than 75% efficient. ** NOTE: THE COIN HAS RPC COMMANDS THAT PROVE 100% OF CONTRIBUTIONS ARE SPENT THE WAY INTENDED **

Proof Of Biblehash (POBh) has been replaced with RandomX(merge mining) - an algorithm that combines mining BBP and XMR(Monero), while preventing GPUs and ASIC, along with chained bible verses. This means biblepay subsidizes full nodes that stay online.

Seven minute block targets minimize the blockchain file size, yet BiblePay does support Dash's instantsend for speedy transactions. MasterNodes (called Sanctuaries) allow all expenses to be voted on and approved.

Expense receipts, to prove the sponshorship of new orphans, will be accessible from inside the wallet and we will even provide phone numbers for auditors to prove

100% charity expenditures. (From the rpc, type 'run contribution' to see the tithes into the foundation for a time period, and to see the outgoing sponsorship click the wallets 'Accounting' button to see a list of orphans, expenses, sponsorship dates, amounts, and the txid).

For the first 6 months, 10% of each block will be allocated to the foundation, for sponsoring orphans at 100%. Once per month, we will cash in anything over $40 available on an exchange, and sponsor orphans on our volunteer time. After the sanctuaries go live, the 10% tithe will be diverted to an ongoing budget with DAO governance, voting, allowing the coin to function as a dectralized autonomous charity; at that point the lead dev and volunteers will become a normal part of the community allowing the coin to run by itself.

The network will be high efficiency with low total energy consumption, and the charities sponsored must also be high efficiency (over 75%). Next, we are deflationary, meaning that we start by issuing a larger amount of coins per block, and each year we tighten the supply by 18%.

The schedule is here: (205 blocks per day, 7 minute block targets)

EMISSION SCHEDULE PROJECTION: http://wiki.biblepay.org/Emission_Schedule

The block reward breakdown is as follows

ECONOMICS: http://wiki.biblepay.org/Economics

We allocate 10% of each block subsidy to our governance committee (a DAO), automatically, with 100% of that being spent on charity. Our sanctuaries are a charity governance committee, allowing our community to control the day to day operations of the charity: voting on what money is spent on, and how much is spent. This way, we will not be centralized.

We only partner with charities over 75% efficient, meaning over 75% reaches the end-user.

NO PREMINE

the lead dev starts with zero, the orphan foundation fund starts with zero, the distribution is entirely fair. NO ICO. The distribution curve is evenly declining with no hidden bumps early. The self-governance committee and masternode payments are deliberately delayed until Christmas, to allow people to prepare and save up the initial requirement. Running a sanctuary is open to anyone. The lead dev will sponsor the first 10 orphans out of his own pocket.

ACCOUNTABILITY

The wallet will have a reconciliation page built in at go live, to show all charitable income and expenses.

The expenses will be auditable - to prove the money actually was spent on orphans.

This will be accomplished through the use of : an RPC audit command that tallies the orphan income from the blockchain, and secondly, an API connection to a database that stores the Compassion expenses (until sanctuaries go live), with auditable backing contact info for each expense. We will also provide a web page with pictures of the sponsored orphans clicable from the wallet to show our investors what good we are doing. And finally- we will maintain a copy of receipts in order to maintain 100% accountability.

Future Feature: Pay to Preach, in wallet ineractive prayer rooms.

ROADMAP

wiki.biblepay.org/Roadmap

DISTINCT FEATURES

Proof of Bible Hash algorithm (POBh), getblockinfo shows the chained bible verses required to solve the block, sending money exposes a Tithe checkbox - allowing 10% to be gifted to the orphan foundation, wallet has an in-wallet prayer system, allowing a user to send out a prayer request to the network or store prayers in the chain for the community to pray for from the overview page, Transactions support in-chain messages, Instant Send, Voting, Decentralized Automated Charity Governance Committee, Repentance of Sins, Contributing to the orphan foundation checkbox, and reading the sin list and various staple prayers in wallet.

ALL PAGES

All Wiki Pages: Special:AllPages

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