Work-in-Progress: One Bitcoin Club's Tiers? V4V.app and Xverse?

No matter where we live, attempting to generate more than one income stream is a wise investment of our time.  While it would be nice to pretend there is a magic money tree somewhere, ...

The latest test, to see if my lead image appears this time, publishing with One Bitcoin Club's UI, as the code behind this image cannot be more basic.

(continuing on) ... it does not exist.  Said differently, there is no something for nothing anywhere.  Work is required.

Where will we decide to put in the necessary time and effort?

Here on the Hive blockchain, an option for our consideration is the newly created One Bitcoin Club (OBC).  As should be expected, given how recently it was created, it is a work-in-progress.

Here are some remaining questions about the concepts behind the vision for how this new community will function.

Xverse Wallet Tiers

Tiers in crypto are common.  We need look no further than the Hive blockchain itself, for examples.  They are quite well known and understood, as it is my understanding they have been around for years:

• Dolphin: 5,000 HIVE
• Orca: 50,000 HIVE
• Whale: 500,000 HIVE

^{Source: Creator TungArt7 on Pixabay}

In my first visit to the One Bitcoin Club UI, these were the tiers found:

^{Source: QT's quick calc spreadsheet}

As we can see, it appears the initial thought was to set up tiers just like what everyone has experienced on the Hive blockchain.

Currently, this is what we see:

^{Source: QT's quick calc spreadsheet}

These calculations were based on the current price of Bitcoin at 
± $88,000 per BTC
.

In my last post, in response to my question (#3) about these tiers , @starkerz replied with this:

"amount of BTC in your Xverse wallet only affects which feed you can post in. if you have a lot of BTC, you can post in feeds with bigger BTC holders"

Leading to these follow-up questions:

1. Stating the obvious, there is an enormous gap between 5,000 Sats and 0.5 BTC, which is what we see now.


2. In either case, what is the point of members reaching these higher tiers?

I am still waiting to hear back.

I currently have 100,000 Sats in my Xverse wallet.  I originally put this amount in as double the amount required for the 50,000 Sats tier showing in the One Bitcoin Club UI originally.

While capable of raising this level considerably, I currently have no idea why I would consider doing that.  I hope this is cleared up, in the not too distant future.

Member's V4V.app versus Xverse Wallets

Related to the above, OBC members have BTC in two different wallets.  One is an L1 and one is an L2 wallet, as explained in detail, in my earlier post.

1. If there are going to be tiers, in OBC's future, will the Sats in both wallets be counted?


2. If only the Sats in our Xverse wallet will be counted, what is the best way to transfer our Sats, from our V4V.app wallet to our Xverse wallet?

Whatever the answer, perhaps the VSC Network has a solution for this challenge already in the works.  You may want to follow the @vsc.network account, so you will see any updates in your feed.  The last one was in November, so maybe soon?

A.O.B. (Any Other Business)

Current issues, awaiting resolution, were first covered in my earlier post.  Here is an update:

• The beginning of this post is coded with my latest effort to help isolate the source of the problem with my lead image being hidden.  I will let @breakaway-dev how that works out.


• On my last OBC post, I was rewarded with my first Sats!


This confirmed what I had hoped.  This issue was not due to something missing in how I had set up my OBC-related wallets.

• Unfortunately, this reward was only for the @btc4content wallet's transaction for this last post.  I am still waiting for the missing Sats from the two previous btc4content wallet transactions:


1. Transaction #1
2. Transaction #2

@starkerz let me know this was an issue for @brianoflondon to resolve, with his @v4vapp.  The rewards in HBD were sent.

While waiting, I have noticed Brian has not had any activity on his account since March 13th.  I hope he is doing okay, given all of the trouble in his part of the world.

Postscript

It has been my practice, so far at least, to slowly work on creating my posts over a period of time. That includes this one.

• ^{It is still not clear to me what tripwire I might inadvertently stumble through in mentioning other accounts.  Given this exchange took place in the comments under my last post and is very much related to the topic of this post, I assume it will be allowed.  If not, please let me know.}

Before publishing it, I came across this lively exchange between @starkerz and @stayoutoftherz, in which Starkerz states the following:

"This system is really aimed at newcomers to the chain to give them an experience of earning sats for their content."

I think I like the sounds of that, as it could apply to me.  I have seen glimpses of posts about other efforts, though, to bring in users from outside the Hive blockchain.  This is what StayoutofHerz seemed to take from the exchange.

Either way, I found this exchange illuminating.  Anyone reading this post likely will as well.  If nothing else, it underscores my reference to work-in-progress in this and previous posts.

It was nice to see this exchange appears to have ended amicably.

As it does not really address or change anything I already had written, I will go ahead and publish this post shortly.

While the recent history of Bitcoin has shaken the confidence of some, I believe it is always prudent to keep a long-term perspective.  From that perspective, I am bullish, in general.

In particular, I am bullish on the opportunity to apply a DCA strategy to investing in BTC via our contributions to building up the One Bitcoin Club.

^{Source: Creator pakAkhlaq on Pixabay}

It is hard to imagine there are not many people active on the Hive blockchain who would not agree. Hopefully they will all eventually find out about this new community and take the necessary steps to join it.

Adoption of it will undoubtedly be helped along, by getting some of these questions answered and issues ironed out, at the earliest opportunity.

I will close with an appeal to @starkerz, to just keep members of his new community informed, as I am sure we all can understand it takes time and effort to build it.  Part of which is ensuring any voids in communicating do not stay that way for long.

I am standing by, willing and able to help, if there is anything I can do, from my side.

Best wishes, until we meet again,
QT

^{Source: Creator GDJ on Pixabay}