BTC Growth Accelerator: 24-60% APYs in Bitcoin

[mistaPhi]

Hi Mista Phi,

I see the Growth Accelerator donation cost has reached approx $350. This is quite a significant number. The price increased far quicker than I anticipated. So a few questions I am pondering....

- at a cost of $350 what type of user would this still be worth it for?
- at what price point will paying for the GA feature be pointless and the user growth stagnates?
- the price point grew quite fast, how many users have gained access to the feature so far?
- how much revenue has the Growth Accelerator feature donation contributed to the Vault so far?
- will there be any type of giveaway or opportunity in the future for newer users to gain access to GA who would have missed out when it was at reasonable prices? Maybe wallets of a certain age, have the opportunity of a special price for example?
- anything else cookin?

Thanks for all you do.....

FYI - Sovereign BITForge is running 10 months now approx. I've started asking users for a TrustPilot review. Any users who haven't left one for their respective platform, might be a good idea to share the love and appreciation for the time, energy and vision of the main man MistaPhi and to a very small degree the community operators working hard educating their communities and giving support to all of their users.

Hey DS... I can always count on you to drop the most inquisitive and in-depth questions. There are far too few of us that dig this deep into projects, which is why most people keep gettin' rekt. lol But let's get into it:

I see the Growth Accelerator donation cost has reached approx $350. This is quite a significant number. The price increased far quicker than I anticipated. So a few questions I am pondering....

- at a cost of $350 what type of user would this still be worth it for?

This would be for users that understand the benefits and have the means and desire to allocate larger amounts of BTC to the feature.

- at what price point will paying for the GA feature be pointless and the user growth stagnates?

There is no designated limit on how high the required donation can be and it's based on user demand. This feature has the ability to kick out 2-5% monthly returns in BTC, so those that are interested in using it can run some simple calculations to determine if it's for them or not. If someone wanted to allocate $1000 a month to the GA, they're looking at a payout in BTC of $20-50/month (assuming that they enabled the auto-sell option). If another allocated $10K, they'd be looking at $200-500/mo, where the donation can be recouped within a month or two.

So as more participants with larger amounts of BTC begin using the feature, the cost of entry will continue to increase; and justifiably so since this feature can completely automate the growth of a participant's BTC, which is a direct and significant benefit for the participant. And the entire ecosystem benefits b/c 100% of each donation is paid directly to the DC vault via the donation wallet that I described in the following video. Gotta love transparency :)

the price point grew quite fast, how many users have gained access to the feature so far?

I just ran a couple queries and see that there are currently 270 campaigns running out of 308 wallets that have access to this feature. This is a pretty interesting stat b/c I'd think that every wallet that acquired the feature would be actively using it to grow their BTC. But different strokes for different folks. lol

- how much revenue has the Growth Accelerator feature donation contributed to the Vault so far?

I actually don't know the answer to that one b/c I never added logic to specifically track donations for the GA. BTC donations for the GA are sent to the Delayed Credits vault and logged as an off-chain deposit, just like many other Delayed Credit purchases. I exported the transaction history of the Delayed Credits vault (which is essentially another wallet), and uploaded to the site for downloading. You can download the file from here and see what I mean.

An alternate way to capture this info would be to query the transaction history of every wallet that acquired the GA, then identify the donation and sum them up for all wallets. But I'd have to write up a script to do this b/c each wallet has its own database table to which all transactions are logged. So what you're asking can be answered, but a little work will have to be put in to capture the data. How bad you want it? lol

- will there be any type of giveaway or opportunity in the future for newer users to gain access to GA who would have missed out when it was at reasonable prices? Maybe wallets of a certain age, have the opportunity of a special price for example?

LOL... You don't think the prices are reasonable? LOL It may seem high for some, but not for others. This may make a bit more sense after I elaborate on it a bit but to directly answer your question, I'd say no - I don't think I'll do any giveaways or special offers for this.

But here's the deal... Some users can go ham using this feature, and I've seen the impact. Delayed Credits are designed in a way that pays out in BTC whenever the profit margin is above an 8% threshold, meaning the amount of BTC held for payouts is at least 8% above the total amount of BTC received from Delayed Credit purchases at any given time. So each time a Delayed Credits purchase is made, it decreases the profit margin. This isn't a big deal for small purchases, but the impact is greater when large DC purchases or an abnormally high number of purchases are made. And when this is combined with an increasing price in Bitcoin, it becomes even harder to maintain that minimum 8% profit margin. This is when the system begins paying out in Credits and a constant feed of BTC from automated DC purchases by the Growth Accelerator doesn't help. But trading activity, new donations, and even BTC price pullbacks all help. So while many consider BTC price drops to be a bad thing, this feature actually thrives on it; effectively supporting BTC payouts when the market is down (at least for the time being).

So the system doesn't need any new users of the Growth Accelerator and after monitoring the activity and performance of this feature, it occurred to me that I should've started the donation of the GA at an even higher price point. Nevertheless, I did publicly introduce this feature to all that read the forum and watch my videos, recommending that those interested should make the donation and secure access while the price was moderately low. I think I even mentioned a strategy of making a donation for a few wallets and selling the wallets at a higher price in the future. Imagine someone that secured access for $20 at the beginning and offered it for sale today at $100. That would be a considerable discount compared to the current rate. But this is another reason why I wouldn't want to offer this feature for free.

But wallet holders that aren't using the GA still benefit from the revenue that this feature introduces to the ecosystem. There's also the possibility of finding some exceptionally high discounts in the marketplace, up to 27.5% (which is a benefit that anyone can take advantage of when available). Instances of such activities have already occurred and they effectively work together to support sustainability for the long-term growth of everyone's BTC holdings.

So no one is really losing out... All of the features that the GA uses are available for every wallet holder to use as well. The GA just puts everything on auto-pilot and has the added benefits of a 100% or 90%/10% BTC payout and a 55x Delayed Credit allowance for 30 days, as opposed to the 10x allowance for normal Delayed Credit purchases.

- anything else cookin?

No, I'm not working on any new features of the wallet now... Just monitoring things, trading when opportunities arise, and helping 3D get his grid trading bot prepped for launch. But since the last publicly announced update, I have made quite a few upgrades that no one really sees or considers. But I'll fill you in on it.

I designed the system to report all types of suspicious activity and last month, I started receiving notifications of someone attempting to send sql injection logic in form submissions. One guy even created a wallet, logged in, and developed & executed a script as a client-side attack to try and query data from the database. Of course I cancelled the guy's wallet, but similar attempts were made through registration and login forms; which I allowed for a while so I could log everything and identify what attack vectors were being used.

All of the attempts made were futile and the guy trying to extract info from the database would've saved himself a lot of time had he just watched a video where I described the 3 layers of security that were designed for the wallets. These types of attacks can't even get past the first level. So dude got nothing, while I was able to log all of the ways that were used to try to hack into the database. The attempted attacks weren't malicious in the sense of deleting tables or complete databases, but the people behind it were certainly attempting to extract sensitive information, most of which isn't available at the first level and that which is available has sha-256 encryption. But based on what I've seen, I have no doubt that the perpetrator's intent was malicious and that he/she would've logged in to as many wallets as possible and withdrawn whatever BTC was available. But this project wasn't my first rodeo and security was top priority in the design of the wallets.

And here's a bonus... While I never share user data, I feel at liberty to share the email address that the perpetrator used to register for a wallet then run client-side attacks containing sql injection logic to try and extract data from the database. Here it is - wocaonimabide1@gmail.com I don't consider this clown to be an actual user and I'd encourage anyone that can verify the identify of the person behind this email to contact me. Now that I think of it, I probably should report this to the FBI and they can get the info from Google in their investigation. Could end up being one less criminal that the world has to deal with.

Nevertheless, this hacking attempt not only reassured me of how effective the security measures are, but it attests to the built-in resiliency of the system. So I gave myself a personal pat on the back for that. :) After capturing enough data from these clowns, I made some updates to immediately block access from networks that attempt these hacks, as there was no need to waste any further resources on such hacking attempts (like memory, cpu, db connections, etc). And since I was making updates for that, I took the opportunity to fine-tune some processes to make things run a bit smoother. Completed all of that a couple weeks ago and the system continues to run smoothly.

At this point, I'm taking a break away from any new development. I'm sure there are many users that aren't even aware of the features that are available to them now, but I think what we have now is as good as things can get for a stand-alone ecosystem. I had designs for other upgrades like a Bitcoin escrow service where existing wallet holders could receive compensation for resolving potential disputes, a marketplace to buy/sell ownership of white-label sites, and developing APIs to interact with other systems and blockchains. But I stopped the API development b/c I figured that it would be a waste of time & effort if no one actually uses it. And I'm past the point to seeking strategic partnerships with others. Those that do their research and understand the value of this ecosystem can reach out to me. My days of outreach are over! LOL And after investing quite a bit of time, money, and sweat equity in this project, my interest is strictly in supporting my existing client base and those that venture to use it in the future. This makes life easier & more enjoyable :)

Thanks for all you do.....

FYI - Sovereign BITForge is running 10 months now approx. I've started asking users for a TrustPilot review. Any users who haven't left one for their respective platform, might be a good idea to share the love and appreciation for the time, energy and vision of the main man MistaPhi and to a very small degree the community operators working hard educating their communities and giving support to all of their users.

It's truly my pleasure DS...

Really appreciate you encouraging your users to post reviews, but rest assured that this isn't necessary. I've found that getting users to do anything for free is like pulling teeth. I can't even get viewers to click a like button on my videos! LOL But when it comes to posting reviews on Trustpilot, most people don't care to do so until they have something to complain about. So the fact that none of our sites have negative reviews is a plus. LOL And anyone that ventures to post a negative review will have to provide full details about the system not performing as described in the documentation, and you know it won't take me long to debunk any accusations that they may make. :)


I also appreciate you trying to rally the troops to show a bit of love and appreciation, but I'm no clout chaser and I'm only doing what I feel the Lord has commissioned me to do. Plus, it's a delight to actually have the very thing that I was looking for, but couldn't find anywhere else. AND I don't have to worry about anyone stealing my Bitcoin! LOL I was hoping that this would help put scammers out of business and stand out as an example of how crypto development should be (where everyone can benefit, regardless if you're the dev, a promoter, a newb, a small investor, or a whale). But it's become clear to me that most people prefer to risk their money on pipe dreams, preferring to be entertained rather than educated and seeking quick & unlikely gains rather than progressive wealth generation. This is not the demographic that I care to reach or support. I resonate with those of you that seek knowledge and take the time to fully understand what you're investing in. So it's definitely a pleasure for me to see you guys benefit from this ecosystem as well. Just remember a brotha when you reach that BTC millionaire status b/c a system like this can slowly, but progressively help us all get there.

[DecentralEyes]

lol, it's quite amusing that someone would still decide to use SQL injection attacks in this day and age, and in the smart contract space aswell !!

[mistaPhi]

lol, it's quite amusing that someone would still decide to use SQL injection attacks in this day and age, and in the smart contract space aswell !!

They were relentless on it as well... They tried it on the wallet sites last month, so I added logic to automatically block access from their network. And this month, they tried it here on the DCS site and followed up with some DDoS attacks. But with each attempted attack, I make the system that much more resilient to such attacks.

I guess I done pissed somebody off! LOL

[DecentralEyes]

Just thought I'd share a brief update:

One of my wallets has had a pretty consistent APY of 35%, but the number of sats/hour being converted has never exceeded £0.01 in GBP !
However, two of my other wallets have 12 and 17% APY's but the sats per hour have consistently been at £0.02 per hour for those.

I realise of course, there are other factors at play.
I've just topped up one wallet with fresh BTC, then distributed it out to some other wallets, so that will be interesting to see how the conversion rates respond, (if at all).

I'd be keen to know the highest number of sats/hour conversion anyone has managed to achieve (if you are happy to share that info of course :) )

[mistaPhi]

Just thought I'd share a brief update:

One of my wallets has had a pretty consistent APY of 35%, but the number of sats/hour being converted has never exceeded £0.01 in GBP !
However, two of my other wallets have 12 and 17% APY's but the sats per hour have consistently been at £0.02 per hour for those.

I realise of course, there are other factors at play.
I've just topped up one wallet with fresh BTC, then distributed it out to some other wallets, so that will be interesting to see how the conversion rates respond, (if at all).

I'd be keen to know the highest number of sats/hour conversion anyone has managed to achieve (if you are happy to share that info of course :) )

Hey DE,

The sats/hour can vary at any given time based on both system-wide activities & resources as well as and individual wallet holdings & activities. I never added logic to log a history of these values as it never struck me as a historical metric that would be needed.

BUT, I did run a quick query to see what the highest sats/hour is at the moment, and it's 40.82 (which is in that £0.02 range).

While it's not possible to know what the highest number has ever been, I did go back to one of my old videos and saw a sats/hr of 68 (about £0.04) for that wallet (see video below). So checking out the display of some of my old videos may help give you an idea of higher numbers that were previous reached. But remember that the system is always adjusting to reach a balanced point of sustainability and during the early stages of the project, a much larger amount of Credits were being issued on deposits (which of course was unsustainable based on the transaction activity).




The system is in a fairly balanced state now so I'd expect a max sats/hour of around 40 until more activity occurs (like a consistent increase in marketplace purchases or BTC sends) or until a significant amount of BTC is sent to the Vault; enough to impact the system's balance to obligations ratio. But if a large amount of BTC was injected and transaction activity remained the same, we'd all see a temporary spike in conversion rates, and the rate would eventually decrease back to a balanced level that is supported by the revenue generated from transaction activity.

With all that said, we see that there's only so much that a single wallet can receive at a given time; and this is when multi-wallet strategies can be used to increase a user's overall conversion rate. If someone had £500 to allocate to growing their Bitcoin, they have a faster overall rate by creating 5 separate wallets, placing £100 in each, and using those wallets to acquire discounted Credits. This is a better option. Alternatively with the Growth Accelerator, a user can simply have 1 wallet and allocate that entire amount to the Growth Accelerator. Both of these options would be better, but I haven't done any comparisons between the two to see which is best. But I'm sure the results could vary based on the market.

Hope all that helps, but always feel free to inquire if you have further questions.

[DecentralEyes]

Thanks - great info :)

[mistaPhi]

Thanks - great info :)

Any time bro