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[BMF]

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?

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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.
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Till then have a productive day :)!

 

[KarthikP]

I think now it's a good idea to implenent BMF as an Erc20 token that is stable coin , 1000 BMF = $1 always , maybe slight variation of $0.01