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BiblePay2018-09-19T13:36:54+00:00

OUR VALUES

This is what we do

Give to charity in abundance

We fund sponsorships for an increasing number of children in need, creating opportunities for them to thrive.

“Pure and undefiled religion is to care for orphans and widows in their distress, and to keep oneself from being polluted by the world.”

~James 1:27

Help find cures for diseases

Our ‘BiblePay Researchers’ use Distributed Computing to assist in fighting diseases like cancer and HIV/AIDS.

“And do not forget to do good and to share with others, for with such sacrifices God is pleased.”

~Hebrews 13:16

Share the Gospel of Jesus

Cutting-edge blockchain technology has given us new ways to spread the Gospel worldwide.

And He said to them, “Go into all the world and preach the gospel to all creation.”

~Mark 16:15

Decentralize your money

BiblePay has its own currency with a deflationary emission schedule.

The plans of the diligent lead to profit as surely as haste leads to poverty.”

~Proverbs 21:5

THIS IS HOW WE DO IT

Unleashing the power of the blockchain

A blockchain is a public digital ledger in which transactions are recorded. It is quite literally a chain of blocks, with – broadly speaking – each block containing the transactions made during a certain time frame. New blocks are continually being added to the chain in an extremely tamper-resistant way. Blockchain technology has given people the ability to transfer money – cryptocurrency – all over the world. This is done in a fast and secure manner without the need for third parties such as banks or governments.

The importance of the blockchain isn’t limited to the transfer of money. People are constantly finding new ways in which to use the unique and immutable properties of the blockchain, and a lot resources are available for people who want to learn more. The blockchain is gaining momentum globally, and BiblePay is riding the crest of its wave.

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BiblePay Researchers

GIVE TO CHARITY IN ABUNDANCE

Cryptocurrency isn’t created with the snap of a finger: it takes a lot effort. A blockchain grows slowly with one block at a time. In the case of BiblePay, a new block is being added every 7 minutes on average.

In most cryptocurrencies – BiblePay included – these blocks are created with a process called mining. One of the purposes of mining is to verify transactions and then add them to the blockchain in an immutable way.

The people who do this are called miners. These miners all compete to solve difficult mathematical problems. Solving a problem takes a lot of computing-power. The more computing-power a miner has, the greater their chance of solving the problem. The miner who solves the problem is rewarded with newly created coins, and is given the privilege of adding the next block to the blockchain.

As you can see, the blockchain is used to create new coins. The BiblePay coin is called BBP. BiblePay is unique in that 10% of all newly created coins go directly to charity! BiblePay also has an advanced blockchain-based voting system in place. This system allows our community to choose specific charities and decide how much goes to each charity. You can find the charities we are currently partnered with here.

 

HELP FIND CURES FOR DISEASES

The creation of cryptocurrency requires a lot of computing power. Unfortunately the electrical energy used to process most cryptocurrencies is essentially wasted on solving mathmatical problems that offer little or no value to society.

BiblePay takes a completely different approach. Instead of wasting energy that essentially just generates heat, most of our computing resources are used in research projects focused on finding cures for diseases. This energy-efficient method is respectful to the environment. Even more, it helps provide hope to people all around the world.

When you participate as a ‘BiblePay Researcher’ you get BiblePay coins (BBP) based on the amount of research you do. This BBP is created in a block, but instead of being in the standard 7-minute block it is included in a daily ‘superblock’ that is distributed to researchers. You can click here for details of how this works.

 

SHARE THE GOSPEL OF JESUS

Most people that actively participate in our community have a digital wallet in which they store their BBP. A wallet is an App installed on a device such as a computer or smartphone. Each wallet in the BiblePay network has its own copy of the blockchain. Because of this, every single wallet can audit all others. These audits ensure that the blockchain ledger is so immutable that it doesn’t need a third party like a bank to securely track the flow of transactions.

BiblePay has implemented novel ways to spread the Gospel. For instance, we have encoded the entire KJV Bible into our software. This means that every BiblePay user has access to the Bible right from their wallet. Also, the wallet displays a Bible verse with every transaction you do.

There are also other implementations right inside the wallet, like asking others to pray with you or documenting repentance for your sins. More in-wallet features are being developed, such as writing letters to the orphans we sponsor.

Being a self-funding cryptocurrency provides us with even more ways to spread the Gospel. For instance, we can use our BiblePay coin (BBP) to incentivize people to learn more about Christianity. For example, we have Gospel Links that you can navigate to learn about Christianity and at the same time earn some BBP. We also have BiblePay University, which allows you to take quizzes about Christianity while earning BBP. All-in-all, there is a lot of potential and a lot of development going on.

DECENTRALIZE YOUR MONEY

With the invention of Bitcoin, the first truly viable project that had the possibility to create a decentralized currency that roams outside the grasp of governments saw the light. The fundamentals that made Bitcoin viable are used by many other cryptocurrencies today, including BiblePay.

Decentralizing money has opened up an enormous long-term potential, not only by giving power to the people, but also because the technological basis that has made decentralization possible simultaneously creates new opportunities to change lives for the better. BiblePay is already changing lives by donating one out of every ten coins to charities, generating massive amounts of computing power to aid researchers in finding cures for diseases, and spreading the Gospel of Jesus through a variety of effective avenues.

Besides that, deflationary cryptocurrencies such as Bitcoin and BiblePay are challenging people to study the different viewpoints on what a currency actually is. For instance, most of the contemporary FIAT currencies are based upon Keynesian economics, but cryptocurrencies with a deflationary emission schedule – such as BiblePay – challenge these ideas, and are perhaps more in line with Austrian economics. Our emission schedule boils down to the following: while new currency is being created with every block, the amount created is reduced by 1.5% each month, or about 19.5% per year compounded. This means that month after month less BBP will be generated.

There are several ways of obtaining (more of) our currency. The first way involves simply the purchase of BBP on an exchange. BBP can be purchased at several exchanges and kept in a secure digital wallet. The second way is buying a Masternode, or what BiblePay commonly refers to as a Sanctuary. This requires the ownership of 1.55M BBP. It gives you – among other things – the right to vote on our budget. For information about rewards for owning a Sanctuary, please visit biblepay- central.orgThe third way is mining. Mining BBP requires installing BiblePay software on personal computers, servers, or other digital devices. While many novices mine cryptocurrency successfully on numerous devices, a larger scale mining operation is typically operated by people who have more experience and technical expertise.

There are more ways to obtain BBP, like writing letters to our orphans and creating content for BiblePay. You can find an overview here.

! CAUTION !

**  Although BiblePay has a deflationary emission schedule, there is no guarantee of positive investment returns against other major inflating currencies.  Past returns are not indicative of future results.  We are a utility and not a security.  Please do not invest in BiblePay unless you know all of the risks of cryptocurrencies.  **

OUR CHARITIES

compassion charity
cameroonone charity

OUR VISION

BiblePay is a Christian community that wants to share God’s Love with the world. We aim to be a generous and caring family which adheres to Jesus’ loving teachings.

Our values and actions are clear. We give to charity in abundance, help find cures for diseases, share the Gospel, and decentralize your  money.

Our hope and faith is in God. We trust that our humble beginnings will grow in a worldwide effort that will share knowledge and bring more fairness into this world.

The BiblePay community is open to everyone, and we invite you to become part of it!

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