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BeerMoneyForum ERC 20 token?

BMF

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Are You Looking for a Crypto Casino?
Create Free Wallet! Mining without Equipment!
Bellow message comes from @JayNH ;)

The idea is actually good but needs to be debated with the rest of the community. Please read and let's debate.

Should we make a real crypto token or just add more payments options next to PayPal, such as Bitcoin, ETHEREUM, Payeer, AdvCash, PerfectMoney?

-------------------------------------------------------------------------------------------------------------------------
Hi Mr. B!

When consulting the forum I have noticed two problems you have encountered in the past and still dealing with it.

1. Difficulty to paid member some months.
2. Trash content.

Honestly I have not noticed the trash content until now, because he is located in specific parts of the forum. Considering the fact that you are the only staff member I have see: I'm really admirative about the fact you manage to deal with the both of them.

But I think there is a way to deal with all this problem with one logic.

At the moment you use only paypal to paid people. It's a good and secure way to handle it, but you are forced to do it with a lot of restriction and your own money.

I don't know what the BeerMoneyForum token is, I mean is it ERC 20 token? or just a forum tool? Like xp for some roleplaying forum.

I bet it's the second option.

But instead of exchanging it only against real money why not using a cryptocurrency?

I'm not a specialist to be honest, but I think I have some option who can interesting you.

1. The ERC20 token via Ethernum, this one look nice because you can set up parameter like you want (via smart contract stuff), I think all can be done for linked it with the forum.

The smart contract can let you for example (like many ICO) reward people when they hold their coins (why? this can drastically catch interest of no-user of the forum and so make it easier for the user to sell it against other cryptos, and then real money. Just a small suggestion^^.) so the coins itself become a way to win a passive income with a fixed interest. Isn't nice?

But I'm not sure about the cost: if you have to pay additional Gas when you send token to people etc. But, even if you have to pay one you gonna win on it (right now the slowest transaction cost is $0.056 even the fastest is $0.282). If you have difficulty to set up the stuff for the forum; doing it manually stay a good way to paid people with a cut on your expanse. I can always take a look too.

2. Wawes, I think they propose the same thing. But I have to check more if this one is best than ETH. But if you have never deal with it, be careful: if you create an account, disconnect and be sure you are able to re-connect. Especially if you want to make a deposit! (The same goes for the Ethernum stuff, but Wawes is more tricky).

3. I can create a mined coin so the cost becomes 0. I'm not gonna charge you for electricity^^. I mine it with my powerful computer (just kidding, this one I use don't even have a graphic card, but I Think it doesn't matter), when it's ready I can send it to you all the coin mined or a part of it. But this coin need to be listed on the exchange... While the two other option gonna have the same requirement, but they gonna have the bonus to be backed by the current exchange system proper to Ethernum or Wawes. The listing can represent a cost I suppose, the wallet system too (because of the nodes, another advantage for the previous options). Be aware that we need for each option some graphic content too for the two first a logo should be enough.

4. Maybe you have a better idea :)

Keeping the paypal system on a side is maybe the better option it's legit and let the choice + it's help for fixing the value of your new coin (for ex: 1000 BMF>1$ or 10 new tokens), adding the crypto one can make you make economy, profit, attracting new member etc.

Here comes the second point!

Why this logic gonna lead to fighting against the trash content?

It's simple, really, right now you are alone dealing with that.

By privileging the cryptosystem it's can lead to more trash content? Definitively, but on the other hand with that: you can reward even more good content and by this way stimulate people to not get banned for stupid spamming.

But, it's not dealing with the problem of time: chasing bad content can be long I bet. But now: you can pay moderators to deal with it. Just you have to pay them with crypto! Even a decent salary for almost free.

Honestly, if you do that the forum risk to become huger than now! Just have to be carefull, taking time etc. For example moderator with no direct power on the forum but if they find something they link it to you via messages.

I would gladly accept any donation or moderator salary for life (or the both: let's greed, I mean: dream^^) for having submitted to you this 'wonderfull' idea if it succeeds :).

I can help you with trash content too (even with no huge donation or moderator salary^^) but right now I'm gonna take a break for tonight!

Because I noticed you are offline so it's killing the hype.

By the way, this message is very long so take your time to think about it, if you want to answer: no need to rush and reply to all, but you already do that on the forum, so I guess I worry for nothing.

By the way my first name is Jérémy, it's always good to know a bit of the people when we talk with them. :)

I'm gonna connect later somewhere around 15h (UTC+1) maybe a bit sooner.
------------------------------------------------------------------------------------------------------------------------

Till then have a productive day :)!
 

JayNH

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Let's continue this in public.

So like promised I have checked the current data for wawes, and honestly: it's promising.
So for creating the token you don't need to learn how to deal with the smart contract it's a nice advantage against the ERC 20 token.
The cost for creating the money is 1 Wawes so 6.91$. It's really cheap right now.

To send them to another address the fee is about 0.001 so less than 1 cent at the moment. Basically, in only 7 transactions for paying members: you start to make a (really small) profit, not bad. Seven more and your investment take is ROI.
Aside of that: for the member who chose this way of payment there is an exchange fee:
0.003 for selling, or buying (why not after all ? We can start with some kind of ICO) the current cost is around 2 cents (0.003 wawes exactly >0.02073).
But the member can try to sell it with a profit, for covering the expanse.

That's all for the cost.

Here comes an interrogation should we fix some kind of market value for example if 1000 BMF coins = is 1$ =10 (or 1000 like the current BMF coins for avoiding confusion) new crypto money at the beginning. In two month the price can be inferior or superior to 1$ but if the dollar value is indexed it's can represent a cost... So, do you gonna choose to paid member 1.5$ or 0.5$? Or choose to pay them with more or less crypto? Maybe the second choice is the wiser (because you continue to make economy during the time), but the first one can make people do a really huge profit, and you too: because if the crypto take value that's mean > people are buying it. And so, for cover the expanse you can choose for example to sell a bit of crypto on your side every month for cover the change and help the payment of the member grow and make a bit of profit.

To be honest, at the moment the waves option is for me the best: because it represents the less of work and so the fastest set up :). On another advantage: the exchange system of wawes can let you buy top cryptocurrency, and fiat currency too via USD.
 

Yugocean

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Well, this is good read; but there are still many flaws; for example, we cannot hold the BMF coins for long term and we are paid directly to our paypal accounts.

Now with the token conversion (or any other form of blockchain) There is need to make a different token with same value of BMF coin, and paying it to the wallet.

Although I like the idea, and if I remember, @Mr. B and I also talked about the way to make BMF coin enter the coin market; this new idea will make BMFC to enter with real value.
 

JayNH

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Many flaws, really?
Can you explain me more your example (and share the "many others")? Please. Why can we not hold BMF coins? And what is this story about being paid directly to our PayPal account? Maybe you just noticed that later because I have seen you have reacted to the other thread about various way of redeeming your BMF coins, via ETH, Btc, etc. So maybe you have found your answer and this "flaw" is not actual anymore, but if not please explain because I really I don't get it.
 

Kranthi

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Good Idea , For This a Good Marketing staff is enough to promote , already BMF has Good name ,
 

WageWolf

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I really like this concept, however I will only like it if it is possible to integrate it and convert the current BMF Coin system to this new platform.
 

pikkuboss

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What about you pay us in Cryptos like GAS which doesn't charge anything for transfer. Paypal with high fees is outdated now. If you send me a payment of $5 through PayPal, it gives us only $4. You should look for alternatives, specially GAS which doesn't charge anything for transfer. You will purchase same amount of GAS in dollars value and send to our address, It saves us $1. Looking forward to your answer. @Mr. B
 

Awan Cheyanne

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All of my work is currently with PayPal and I work mainly with international clients and I'm paid through PayPal. I feel it would be best if you added more payment options and allowed us to choose which way we want to be paid. I don't have any wallets and I'm not planning on opening up any too soon. This would make it difficult for me because of my location and how hard it is even to receive payments for me. I would like to see a choice in payment and not just go to a new payment system if this one is possible.
 

JayNH

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I don't know how Mr. B plan to deal with the current new method added in this thread: https://www.beermoneyforum.com/thre...paypal-bitcoin-payeer-perfectmoney-eth.15508/

If you haven't noticed it already go check :)

As you may notice @pikkuboss (at the moment and since a few time) there are no fees for paypal. I'have not experienced the system myself, I think it's some kind of donation for your friend/family or charity I don't remember exactly because I have seen that already during the past year...

@Awan Cheyanne: I don't know how Mr.B plan to set up that or even if we bring this project to his end... But it's was never be a question about suppressing the existing payment method. But more a problematic about rewarding people for doing a moderator job and let's member tenting an experience about cryptocurrency -if they want- and by this way help the ecosystem to grow and help the forum for making economies and maybe if all goes well: making profit too (and bring at Mr.B more free time ^^, if he is interested by the moderator system). :)
 

Awan Cheyanne

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@JayNH I believe that the moderator has been suggested to Mr B in another post here on the forum about how to stop trash posting. So far it is Mr B and one other person I know of who moderate this forum. I know when I first started off on here last year that I heard or read of a second person who helps out here. I'm not sure what their actual duties are or anything else, I just know when something is reported that the reports go to Mr B and another person.

I also read last night that Mr B has taken your idea and has now added a few other payment options to the forum for people to use to cash out with. The person who complained that PayPal was taking $1 from their payment was justified. I have received a few larger payments from the forum and I believe that PayPal will only charge a $0.02 percent of the payments you receive. If PayPal charged $1 for each payment that a person received there would be no money earned when they cashed out for $1.

One thread I read Mr B or another member posted was about payments. In the beginning I know that Mr B paid the members here out of his own pocket. However, he has now established a working relationship with a few sponsors or maybe you'd even call them advertisers to earn money for the forum. The ads you see on here help him to earn money to pay people for their threads and comments. It is not for any of us to say how this all works out and how we are paid. All I know is that Mr B revised the post counts and payments last year. Now he has increased the payments again on the forum where a person is actually earning more for their new threads than in the past. Furthermore, the comments have also increased and this gives a person a chance to earn a few extra coins for their comments on here.

Don't get me wrong, your idea is fantastic and it is a really good one. All I was pointing out is that Mr B had asked us to debate on this post and express how we feel about all this. I basically only asked to not eliminate a payment option when adding a few new ones here on the site. That is basically all I was stating in my previous comment. I currently don't have a way to withdraw the crypto currency and use them at all. My location is very limited to payments and how you can get the money to use it. With PayPal it is so much easier for me. I was well established in this system many years ago and I can use their debit card to get the money out of there, where with crypto currency I'll need to pay fees or whatever else the requirements are in order to gain access to the money I was paid.
 

jamica

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First, yes paypal yake alot, not 1 dollar to be actual, but 32 cent minimum, gift option is not taken in here and so u will always get from bmf ur cash minus that, also i think 1% also deduced


I go for option to add other payment methods, but we, as i saw in another forum can make a (shares) like system, u can hold it and it will increase in price by we can say 1 cent every few days, so it is worthy to keep and provide more capital, also we can buy it with real cash or bmf, that simple
 

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If you don’t, somebody else will.
Allowing people the chance to trade REAL value instantly - (Real wallets where users withdraw there own money at any given time.)

Ever heard of a WSO? On warriorforum where buyers have to go through PayPal or use a debit card to use the marketplace where instead they could earn there own tokens by just using the forum and buy similar things on BMF?

The opportunity to have your own exchange where people can sell there tokens instantly.
The profit for you guys in phenomenal.

The webs going to be tokenised.. jump in front of warriorforum now and become the biggest making money forum.. I mean, people sign up here to find out ways to make money...
they could have the chance to sign up to make money.
Not sign up for the sole purpose of discovery ways.

Somebody else will if you do not
 

Username123

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Let’s also realise the value will go up with the success of the forum.. so the early forum users will also have an opportunity to make a lot of money.
Everybody wins.
 

king8

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I am new here and I don't know the full history of this conversation, but wouldn't it be easier to use an already existing coin?

For example, I could still collect BMF here, but then have an option to convert it to an erc20 coin. I don't want to name any coins because I don't want to show bias, but I would think there are a few coins out there that are really cheap to buy.

We would need a coin tha is already on multiple exchanges. We could actually drive the price of the coin up over time as well. Say we convert BMF over to coin "abc". Coin "abc" currently costs .007 usd. Once people on exchanges see that the coin is being bought and utilized, it could possibly double in value. All of us here would then get the instructions to sell the coin to make a profit.
After that, Mr. B chooses a different coin that we begin to convert our BMF coins over to, to start the increase all over again. Or, we could keep using the coin that was already chosen.
 

cryptoworked

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this is a great idea and I once thought about it
but I do not think it's time to create an ERC20 token regardless of the main purpose of making tokens
if the problem Difficulty to paid member, maybe adding more payment options is the right solution for now
advcash, perfectmoney a pretty good choice besides paypal
but if you want to involve cryptocurrency choose a transaction with a low cost such as: DOGECOIN or other
 

JayNH

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@Awan Cheyanne
Yep the interest for solving one of this problematic (payment problem) look not actual right now, and this is good.
For moderator I don't think this angle is so important (now) too if we think about them only as checker/cleaner... It's can, but it's not look as a priority, other kind of work on the other side...
Like as suggested with the end of the previous sentences : plenty of other application for this project and I hope it's the same in the mind of everyone who have seriously thinking about it too.

About your issue regarding your location I don't get it (because you have internet). But you can contact me in private if you want to find the better way to deal with. I'm confident about the fact you can use crypto and exchange ecurrency against real money. But even if it's not interesting for you right now, it's can be good to know you can do it :).

@jamica

It's true than the smart contract look like the better option.

@Username123

I'm really agree with you.
But I don't see rivalty as a problem (yet) if other website gonna try they gonna do better on some point than other or the opposite. At the end is just more opportunity to win if the various project remain serious, indeed.

@king8
I don't see the point. I mean I see other applications with your idea, but I'm not agree with your example: what the interest to use an already existing coin? 1000 token at 0.007 it's 7 $. For the same price (maybe even less now) we can create a god damn huge amount of crypto (or even for free if I work on it). So it's not intersting economically (or if you are lucky and already have huge amount of this token).
"[...]All of us here would then get the instructions to sell the coin to make a profit.
After that, Mr. B chooses a different coin that we begin to convert our BMF coins over to, to start the increase all over again. [...]"
I think it's fall on the 'pump and dump' category so: it's illegal.

@cryptoworked

Other options have been added (check here). But I think a dogecoin option is a really good idea, I have think about that today. :)
 

king8

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[USER=14839 said:
@king8[/USER]
I don't see the point. I mean I see other applications with your idea, but I'm not agree with your example: what the interest to use an already existing coin? 1000 token at 0.007 it's 7 $. For the same price (maybe even less now) we can create a god damn huge amount of crypto (or even for free if I work on it). So it's not intersting economically (or if you are lucky and already have huge amount of this token).

I think it's fall on the 'pump and dump' category so: it's illegal.

it is easy to use a low volume coin, that we can all utilize here and on exchanges. If it already exits, then it has passed at least the basic erc20 token chain tests. Creating a huge amount of a new crypto coin, doesn't mean anyone will want to use it. In the future for a coin to be successful, it will need multiple uses. Right now, crypto is still new, so everyone is trying to make a coin or token. There are too many of them now. Why re-create the wheel, when we can just utilize one that is already out there, already on the exchanges, and is already being used by people?
There are a lot of coins that I bought in at less than .007 that are now worth quite a bit.

We wouldn't be pumping an dumping. You would be potentially using and holding that coin for months, maybe even a year. Basically, every coin/token I invest in, is to make money. Some of the quickly, some of them long term. And I am not sure if pumping and dumping is illegal yet in the cyrpto. But it is unethical. Some exchanges will ban you, if you get caught being part of a pump and dump.

Not saying my idea is great :) just throwing it out there as a possibility. for instance, if the trx coin truly does work out like people thnk it might, then it could be worth 1.00 in a few months.
 

jamica

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Using a already made coin will be a same as creating a new payment method, i can also keep my cash in paypal and sell them to my local, it will not decrease in value at least, even that dollar was once 5 lE, now its almost 17
 

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@Mr.B I think there's already a forum doing like that. It's altcointalk forum. You can check that out and see how they are doing. In my opinion, it makes not much difference. The only thing is that it gets good attention at first especially from those who are only after free coins and don't care about forum. The forum got bigger but it didn't lead to price increase of the coin. Something to consider in my opinion.
 

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The topic is posted on 1st may 2018, until now only few members replied here.
Creating alt coin based on BMF is a good idea, but after that, what we gonna do with the coin?:Smile:
Coins price depends on many factors, such as market cap, daily transaction, etc
Will BMF community take care of their own coin?
Or it will be the next sh*t coins?:Roflmao:
Regards
 
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