Difference between revisions of "BBP Intrinsic Value"
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* We tithe 10% to orphan charity and have since inception. This of course is our cornerstone and makes it very easy for any crypto user to get exposure to sponsoring orphans or doing good things like building water wells. A crypto user can: Buy ARB or Doge anywhere, cross chain swap that to BBP, sponsor an orphan NFT, or simply hold BBP in a sanctuary which helps our network and pays a reward to the sanctuary. | * We tithe 10% to orphan charity and have since inception. This of course is our cornerstone and makes it very easy for any crypto user to get exposure to sponsoring orphans or doing good things like building water wells. A crypto user can: Buy ARB or Doge anywhere, cross chain swap that to BBP, sponsor an orphan NFT, or simply hold BBP in a sanctuary which helps our network and pays a reward to the sanctuary. | ||
| − | * Real world use cases: Our sidechain allows you to store large files (mp4s, image links, ticket attachments, social media attachments) and while paying small storage fees in BBP, you can use those links to mint NFTs or make social media posts. We have a | + | * Real world use cases: Our sidechain allows you to store large files (mp4s, image links, ticket attachments, social media attachments) and while paying small storage fees in BBP, you can use those links to mint NFTs or make social media posts. We have a feature in Unchained that displays gospel videos for channels. We provide Christian theological material in Unchained as well. |
* Phone system: A true long distance phone embedded in your unchained wallet that is charged to your BBP private key, with a real US phone number. | * Phone system: A true long distance phone embedded in your unchained wallet that is charged to your BBP private key, with a real US phone number. | ||
Revision as of 14:29, 23 March 2024
The Naysers
Naysayers argue that small blockchains, like BBP are worthless because the world already has Bitcoin. Why create another blockchain when Bitcoin is available that allows you to transact large values efficiently on thousands of exchanges.
The Argument for BBP
However, there are certain elements in the BBP ecosystem that are novel and useful. Remember the original deflation argument that when a currency is emitting coins at a decreasing rate, versus the behavior of central banks that are printing money at an alarming rate? The argument is that the safer place is in a deflationary environment. There is no central bank that can change the emission characteristics of BBP. We have set our chain parameters in the genesis block that dictate that we will have 5.2B coins circulating in total, at a decreasing emission rate of 20% per year. We have emitted 3.6B of those 5.2B coins (starting at blocks that were 18,000 BBP and now we have blocks that are 2,000 BBP).
Bitcoin has experienced 50% of its all time sensationalism. Bitcoin is awesome, as they wrote the whitepaper and established a foundation for us. There is a place for bitcoin. However investors need to place a portion of their hard earned money in chains that have large growth potential. We know with the new ETFs and halving, Bitcoin could absolutely double again. But smaller tokens like Shiba Inu and BiblePay still have 4 zeroes in front of their price, therefore have more leverage. The difference is chasing a 2* potential increase vs a 100* potential increase. But this also has to be done prudently and only in chains you believe have potential.
Points:
- We tithe 10% to orphan charity and have since inception. This of course is our cornerstone and makes it very easy for any crypto user to get exposure to sponsoring orphans or doing good things like building water wells. A crypto user can: Buy ARB or Doge anywhere, cross chain swap that to BBP, sponsor an orphan NFT, or simply hold BBP in a sanctuary which helps our network and pays a reward to the sanctuary.
- Real world use cases: Our sidechain allows you to store large files (mp4s, image links, ticket attachments, social media attachments) and while paying small storage fees in BBP, you can use those links to mint NFTs or make social media posts. We have a feature in Unchained that displays gospel videos for channels. We provide Christian theological material in Unchained as well.
- Phone system: A true long distance phone embedded in your unchained wallet that is charged to your BBP private key, with a real US phone number.
- Making things easier for the user: Our features wrap the technology in a way that makes it easy for the end user. You dont need to know about the technical details of interactive with smart contracts.
Future
- Our best technological feature, the sidechain v3.0 is soon to be released. This provides an ERP system that is bound to our L1 chain, with grantable deterministic permissions. The chain will drive the ERP views. This solidifies BiblePay's total value in the crypto space.
