srowlison/bbiller

bbiller

References: https://www.xml.com/articles/2017/06/20/ubl-disintermediating/ Token Allocation (understanding tokens on a blockchain and token economics)

Current allocation of tokens:

Total Issued: 11,100,000,000. BBILLER Ethereum Security Tokens. https://etherscan.io/token/0x5cc61caad7db681207325c504104b080e8963da9 (Smart Contract Address)

Of the total issued above, they are allocated as follows:

Team Allocated: 1,000,000,000. https://etherscan.io/address/0x285f1637FA72cEd2B632001E5Aa093c5E18AE3C4

AirDrop/Bounties Allocated: 1,000,000,000. https://etherscan.io/address/0xf147107204c4D16a6F53cEE139E3D586Ec9360c9

• Burned 999,697,890 https://etherscan.io/tx/0xaf1e255a2f3e10884576c2566ecb0106eaba54ac12e5b55487903d5881bf7ff1

Reserve Pool/Presales: Allocated: 4,000,000,000. https://etherscan.io/address/0x49402A012A4b94Aa67cE7cE1d88782Ade89Cc300 (Wallet owner's originating address).

• Burned 2,072,036,512.6121199999990001 https://etherscan.io/tx/0xa1d05402cccdf80b450a57aacefc8a292a4b6bf90ddba0eec2e24925d23efc70

ICO: Allocated: 5,100,000,000. In Circulation: 0 (NIL) - 30 September 2018 Tentative release. https://etherscan.io/address/0xc4B4aF0C944F8d0f8ef692F7052B71B5DB765334

• Burned 5,098,495,229.999999999999999848 https://etherscan.io/tx/0xa78eb3679b363d737030722371f50f75a9f38f7ba4846f10fe87e425af210ac9

Total Burn: 8,170,229,632.6121

as at 10h March 2019 Total Issued: 2,929,770,367.39 <-In Circulation i.e. 11,100,000,000 - (999,697,890 + 2,072,036,512.6121199999990001 + 5,098,495,229.999999999999999848)]

Exchange Listing: https://www.bitcratic.com/#!/trade/BBILLER-ETH

bbiller's Issues

Feedback provided to me by a colleague

Below are comments I've received from a colleague as input to revising the public materials, posted provided they are unattributed. My edits remove off-topic discussion in the email.

. . . . . . Ken

As an aside, the "official" white paper
(https://bbiller.com/wp-content/uploads/2017/04/Whitepaper-Blockchain-Biller.pdf) would benefit from a decent amount of editing to make it look less dodgy. And it's a little odd to reference https://lists.oasis-open.org/archives/ubl-dev/201207/msg00000.html. I also note 4d, ie "Structured documents complying with international standards (OASIS UBL), could be accepted in the
future".
...
Using the blockchain to disrupt the supply chain process is being
worked on by a number of people at present.

I'm assuming you have some familiarity with stuff like:
https://www.hyperledger.org/
https://hbr.org/2017/03/global-supply-chains-are-about-to-get-better-thanks-to-blockchain
http://www.supplychain247.com/article/transforming_your_business_networks_with_blockchain
http://www.supplychain247.com/article/worlds_largest_mining_company_to_use_blockchain_for_supply_chain/ethereum_foundation

Then there's similar-area-but-different-purpose stuff like
https://azure.microsoft.com/en-us/blog/can-blockchain-secure-supply-chains-improve-operations-and-solve-humanitarian-issues/, similar to initiatives like
http://www.foodblockchain.xyz/
https://www.provenance.org (referenced in the above HBR piece).

And stuff like https://blockcat.io (effectively templates for smart
contracts). (Not to mention the 1001 other ICOs floating about.)
...
Not to suggest naivete on your part, as you've been around a lot
longer than I, but while the concept is intriguing (ie UBL on the
blockchain), the implementation (ie bBiller) raises a few concerns.

If I'm reading the whitepaper and
#1 correctly it would
appear that majority control will rest in the founder. (Aside: that
two of the three named individuals associated with the product are
having a conversation in the comments due to a lack of clarity is not
confidence-inducing.)

There's growing concern over the use of ICOs to raise funds due to the
perception that people are capitalising on "hot" tech to make a few
quick bucks.

I signed up to view the bBiller wiki, and there is nothing there.

https://www.google.co.nz/url?sa=t&rct=j&q=&esrc=s&source=web&cd=8&cad=rja&uact=8&ved=0ahUKEwiwytzLjsfUAhUBn5QKHUqUDVMQFghkMAc&url=http%3A%2F%2Fwww.aph.gov.au%2FDocumentStore.ashx%3Fid%3Df0a62ced-02b7-48e4-88e8-208197c787c8%26subId%3D302079&usg=AFQjCNF0GodSAlIv96E7sw2458AXtp-Jpw
http://www.coindesk.com/diamond-circle-suspends-operations-amid-cash-crisis/
https://www.reddit.com/r/BitcoinAUS/comments/42oy2m/global_media_and_equity_ltd_lists_on_counterparty/
https://www.reddit.com/r/BitcoinAUS/comments/3znm0d/buy_bitcoin_with_amex_visa_and_mastercard_aud/
https://www.reddit.com/r/BitcoinAUS/comments/4c77ut/smsbitcoin_closes/

DAO for bBiller.com

This proposal is for the pre-sale of BBILLER tokens and BILL tokens.

Ticker: DAO:BBILLER
Date of issue: 1st July 2017
Issued: 1,000,000
Price $1.00AUD

Allocation:
Phase 1 - 15% for pre-ipo coin raise marketing and software development.
Phase 2 - 20% Allocated to Executive
Management Team for
Operations and Marketing
expense. (Allocation of this
expense would be handled by
the smart contract MVP
generated by Phase 1, thus
ensuring transparent proof of
work)
Phase 3 - 15% next iteration of product development
Phase 4 Reserve - 50% reserve locked to Stephen Rowlison as Founder.

Conditions:
1 or more tokens = 1 Vote.
A majority rules a vote.

Bonuses
Period of Offer: 6-Jun 2017 5-Jul 2017 - bBiller tokens - 2 for the price of 1. 50% discount.
Limited to 100,000 BBILLER tokens. $50,000AUD.

Pre-sale:
Ticker: Token:BILL
100,000,000 BILL tokens
1 Lot of 100 BILL tokens @ 0.01 Bitcoin

Promotion:
Period of Offer: 6-Jun 2017 5-Jul 2017 - BILL tokens.
10,000 tokens to be issued as Free Coupons redeeming BILL tokens.
Maximum Cost to DAO: 1 Bitcoin.

Orders will be converted to Ethereum Smart contracts per the above rules.
No vote is required by DAO holders for this initial proposal.

Signed Stephen Rowlison
Founder.