hive-112281 cross-posted this post in Bitcoin Backed Hive 3 years ago


Why BBH token?

in #ctp3 years ago

Hey all,

Bradleyarrow here, writing a post of the BBH account.

Let see if I can explain why BBH and get it pinned bro the community.

Two things I felt a need for back in the fall of 2020 was a token equivalent to Bitcoin on the Hive blockchain. Why? Because of low to no fees on Hive compared to the fees every time you spend or transfer Bitcoin.

With the introduction of Hivepay (again low fees) I built the BBH token.

1 BBH equals a minimum of 1 Satoshi. I do have plans for the future to hold other coins and tokens to back BBH making it worth more than 1 Satoshi but that is getting ahead of myself.

Also I saw a need for a token that people could be tipped. The tipping bot has been running for close to a month now.

You need to hold 1000 BBH for every 1 BBH you want to tip in a 24 hour period. So if you want to tip ten people 1 BBH daily you need own 10,000 BBH. The tips do not come out of what you own but out of a dedicated pool.

Right now that equals 1/1000 BBH dedicated to tipping. Or .1 percent. That will carry it for 1000 days.

More than enough time for me to be and continue the growth of BBH including a tribe and miner to help support BBH. More on that in the future.

Right now the push is on the tipping bot to make people aware of BBH.

And hopefully a white paper inna month or two with my complete plans and road map.

Feel free to ask questions.

Bradley

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Check out the last post from @hivebuzz:

Hive Tour Update - Financial stages

Well done Bradley.

Time to buy $BBH

Cool project you have going on here.

I have seen it, but didn't realize it was yours.

How much bitcoin is there backing this token and where is it being kept?