Dimensions: Difference between revisions
Created page with "<table class=wikitable> <tr><th class="th1"><th class="th1" colspan='5'>The analysis of Cryptocurrency Dimensions</th></tr> <tr><th>Currency<th>Summary</th><th>Use-Cases<th>Innovation<th>Mining<th>Altruism</tr> <tr><td>Dash<td> Dash (digital-cash) has solid use cases: ATMs, buying/selling goods, instant send; pegging the currency to a valuable price level as hundreds of transactions occur per hour. Dash has innovated with governance, masternodes, IS and PS. Although th..." |
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<tr><td>Bitcoin<td>Bitcoin, the Godfather of cryptocurrencies, has solid use cases: Buying/Selling goods, the bellweather of pricing and exchange of most other cryptos, storefronts, and almost all use cases a crypto can be used for pegs Bitcoin to a valuable price, and also arbs Bitcoin close to the price of electricity required to mine it. I give Bitcoin a very high innovation score, because the devs have been nimble at solving problems, and they are the creator of the entire protocol. I give Bitcoin a high score in mining, because POW was invented by them, and their POW difficulty ensures a high currency price due to the high cost of electricity to mine it. It could be argued that bitcoin should be docked for wasting energy and stagnant innovation on the mining side, we will deduct 25%. Regarding altruism I view bitcoin as neutral, the devs have done an astounding job creating bitcoin to be a tool for public use. | <tr><td>Bitcoin<td>Bitcoin, the Godfather of cryptocurrencies, has solid use cases: Buying/Selling goods, the bellweather of pricing and exchange of most other cryptos, storefronts, and almost all use cases a crypto can be used for pegs Bitcoin to a valuable price, and also arbs Bitcoin close to the price of electricity required to mine it. I give Bitcoin a very high innovation score, because the devs have been nimble at solving problems, and they are the creator of the entire protocol. I give Bitcoin a high score in mining, because POW was invented by them, and their POW difficulty ensures a high currency price due to the high cost of electricity to mine it. It could be argued that bitcoin should be docked for wasting energy and stagnant innovation on the mining side, we will deduct 25%. Regarding altruism I view bitcoin as neutral, the devs have done an astounding job creating bitcoin to be a tool for public use. | ||
<td>99%<td>80%<td>69%<td>50%</tr> | <td>99%<td>80%<td>69%<td>50%</tr> | ||
<tr><td>BiblePay<td>BiblePay (10% to orphan charity), Sactuaries. | <tr><td>BiblePay<td>BiblePay (10% to orphan charity), Sactuaries. We are not in a mainstream store, therefore our users must convert to BTC to buy things. Although we take no credit in Inventing the first cryptocurrency, and, we did not invent Masternodes, we still have a very high level of innovation. We have invested extensively in R&D, and have integrated sidechain storage (BBPDrive) and Financial Analysis (Gods Seven Wells) and we believe our ideas are slowly breaking in and are valuable. We've covered the mining side exhaustively, finally settling on temple mining/analysis. This gives BBP both efficiency and security (temple efficient POW) + (chainlocks). Altruism: This is where Biblepay shines, but the world does not accept us (yet). BiblePay intends to fully automate and decentralize the orphan-charity aspect. We are very good at fulfilling James 1:27, and providing a feel good 'utility investment' for those seeking Crypto exposure. | ||
<td>1%<td>75%<td>90%<td>95%</tr> | <td>1%<td>75%<td>90%<td>95%</tr> | ||
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Crypto projects can (partially) be evaluated by measuring dimensions: Use Cases, Innovation and Mining. The fourth is less important to the world, but the fruit of the project matters to God. | |||
Moving on I believe it is important to achieve the dimensions above. I feel a distinction needs to be made between 'use cases that spend biblepay' vs 'use cases that spend the currency'. People are looking for solid real world use cases (sending a greeting card or tithing in church). BiblePay needs a niche that causes users to desire to spend *our* currency on a value-added use-case, in contrast to converting to Bitcoin first. | |||
Latest revision as of 14:12, 24 October 2026
| The analysis of Cryptocurrency Dimensions | |||||
|---|---|---|---|---|---|
| Currency | Summary | Use-Cases | Innovation | Mining | Altruism |
| Dash |
Dash (digital-cash) has solid use cases: ATMs, buying/selling goods, instant send; pegging the currency to a valuable price level as hundreds of transactions occur per hour. Dash has innovated with governance, masternodes, IS and PS. Although their originality and innovation is low in mining (embracing ASICs), their choice of POW and the standard and sheer volume of miners gives them a high grade. Dash gets a positive for altruism in that they have governance available, but generally a low score based on how it is spent (spent on growth through Mammon, in contrast to growth through God). | 90% | 99% | 65% | 25% |
| Bitcoin | Bitcoin, the Godfather of cryptocurrencies, has solid use cases: Buying/Selling goods, the bellweather of pricing and exchange of most other cryptos, storefronts, and almost all use cases a crypto can be used for pegs Bitcoin to a valuable price, and also arbs Bitcoin close to the price of electricity required to mine it. I give Bitcoin a very high innovation score, because the devs have been nimble at solving problems, and they are the creator of the entire protocol. I give Bitcoin a high score in mining, because POW was invented by them, and their POW difficulty ensures a high currency price due to the high cost of electricity to mine it. It could be argued that bitcoin should be docked for wasting energy and stagnant innovation on the mining side, we will deduct 25%. Regarding altruism I view bitcoin as neutral, the devs have done an astounding job creating bitcoin to be a tool for public use. | 99% | 80% | 69% | 50% |
| BiblePay | BiblePay (10% to orphan charity), Sactuaries. We are not in a mainstream store, therefore our users must convert to BTC to buy things. Although we take no credit in Inventing the first cryptocurrency, and, we did not invent Masternodes, we still have a very high level of innovation. We have invested extensively in R&D, and have integrated sidechain storage (BBPDrive) and Financial Analysis (Gods Seven Wells) and we believe our ideas are slowly breaking in and are valuable. We've covered the mining side exhaustively, finally settling on temple mining/analysis. This gives BBP both efficiency and security (temple efficient POW) + (chainlocks). Altruism: This is where Biblepay shines, but the world does not accept us (yet). BiblePay intends to fully automate and decentralize the orphan-charity aspect. We are very good at fulfilling James 1:27, and providing a feel good 'utility investment' for those seeking Crypto exposure. | 1% | 75% | 90% | 95% |
Summary
Crypto projects can (partially) be evaluated by measuring dimensions: Use Cases, Innovation and Mining. The fourth is less important to the world, but the fruit of the project matters to God.
Moving on I believe it is important to achieve the dimensions above. I feel a distinction needs to be made between 'use cases that spend biblepay' vs 'use cases that spend the currency'. People are looking for solid real world use cases (sending a greeting card or tithing in church). BiblePay needs a niche that causes users to desire to spend *our* currency on a value-added use-case, in contrast to converting to Bitcoin first.
Wrap Up: What this study shows is that Dash achieves an 80+ rating when analyzing the top 3 dimensions, Bitcoin an 80+ rating, but with BiblePay - only 2 out of 3 dimensions are successful. It can be argued that to be a success, we must achieve our 'solid use case' that spends the crypto (and even possibly re-brand after that to appeal to the mainstream). We will not water down our zeal for our Jesus based orphan-charity side however, but we will become more accepted as a partner with top corporations and institutions, and a broad user base by doing this. Therefore we must create a solid-use-case-project next, then target our success in this area, and finally: succeed.