BiblePay 2019 March & April Newsletter

Dear BiblePay members,

I hope everyone had a good easter! There have been some exciting developments.

TL;DR - What’s new since v1.1.8.5?

Mandatory Upgrade v1.2.0.1

Released March 15th, Version 1.2.0.1 disabled Proof of Distributed Computing (PODC) and increased block rewards for Proof of BibleHash (POBH) - You can download new wallet here: https://www.biblepay.org/wallet/ - and we have instructions on how to update here

Current Block Reward Breakdown

 — 20.0% Monthly Budget 

 — — 10.0% Charity 

 — — 5.0% IT (Software Development) 

 — — 2.5% PR (Public Relations) 

 — — 2.5% P2P (Letter Writing, Preach/Priest) 

 — 40.0% Proof of BibleHash Mining (POBH) 

 — 40.0% Masternodes (Sanctuaries)

Current Mining Guides and Mining History

https://www.reddit.com/r/BiblePay/comments/ba81wh/current_block_reward_breakdown_mining_guides_and/

New 2nd Block Explorer!

Our community member, Sunk818, was funded for the explorer from the monthly budget system, it is faster and has more features than our current explorer, check it out!

https://chainz.cryptoid.info/bbp/

Rob Andrews Resigns from Gridcoin

It turns out that our founder and lead developer, was also the founder and lead developer of Gridcoin (GRC), a cryptocurrency that rewards users for contributing processing power to science research, he started it in 2013! Rob recently resigned from Gridcoin with a public letter

Proof of Distributed Computing Removed

The cancer research mining algorithm was temporarily disabled with v1.2.0.1

and was then put up to vote for removal by the masternod network, the vote passed

https://forum.biblepay.org/index.php?topic=380.0

Masternode Collateral Increasing

Currently to run a masternode (sanctuary), requires 1.5 million BBP coins,

with this proposal passing it will now require 4.5 million BBP coins

https://forum.biblepay.org/index.php?topic=394.0

Quantitative Tightening being Added

An algorithm where money supply (new coin issuance) dries up when the market price is below the “acceptable useful price” and normal emission operations resume when the BBP price is above the threshhold target value

https://forum.biblepay.org/index.php?topic=397.0

BiblePay Pool is now Free!

There will be no fees charged for using the biblepay mining pool for at least the next 90 days

http://pool.biblepay.org/

BiblePay Evolution Upgrade in Testing

BiblePay is a fork of Dash, the original masternode coin, BiblePay Evolution is going to be our next version, and it includes all the features of Dash Evolution. And going forward we will continually honor Dash’s future production code and incorporate it as they commit. What will be inside this upgrade?

- deterministic masternodes (sanctuaries)

- chainlocks

- non-financial transactions

- atomic trade

- lightning support

- dapps

- decentralized api

- segwit

- all the new DIPS

- all the latest bitcoin commits for security

- all the stuff that happened over the last year in Dash

- the Depends system for devs

- c++14 source code

- new compiler support

- easier building

Learn More: https://www.reddit.com/r/BiblePay/comments/bifvpk/biblepay_evolution_what_is_it/

Nutrition Information

Tables showing BiblePay’s current features, future features,

comparison to Dogecoin and technological progress
https://wiki.biblepay.org/Nutrition_Information

BiblePay Roadmap
https://wiki.biblepay.org/Roadmap

Current Monthly Orphan Sponsorships

78 Total, 55 Compassion, 9 Kairos, 4 SXS Uganda, and 10 Cameroon One

Visit http://accountability.biblepay.org/ >> Orphans >> Sponsored Orphan List

Learn more about our charity process: https://www.biblepay.org/charities/

Also our charity donations have held up to public scrutiny in a public investigation for over six months

https://bitcointalk.org/index.php?topic=5134996.0

How to Submit Monthly Budget Proposals?

Anyone can submit a proposal from inside their wallet, only costs 2500 BBP!

Open Wallet >> Click "Proposals" menu at top >> Click "Proposal Add"

Proposal Forum

https://forum.biblepay.org/index.php?#c5

How does the Budget system work?

http://wiki.biblepay.org/UnderstandingGovernance

Let's continue the conversation!

How do you feel about these new features and changes? Got questions? We are here to listen and offer help. Let's continue the conversation at your preferred social media channels:

Discord | Reddit | Twitter | Facebook | Bitcoin Talk | BiblePay Forum

We appreciate your confidence in us and thank you for being part of the BiblePay community!

Sincerely,

The BiblePay Team

Rob | Javier "MIP" | Nate "thesnat21" | Bhavani | Togo | Jaap | Licht

"Love one another, be a good Samaritan and help those in distress"