Hey Theymos,

I havent heard back from you in awhile about Forum Banner Ad for BiblePay 10% Charity coin, just checking in!, Here is a recap:

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"I noticed this time that your ad is for an ICO, but we do not accept ads for ICOs.
The fact that you wanted to advertise an ICO slipped past me when I checked your last ad;
I'm sorry for causing you to waste time on fixing the ad." -theymos

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"BiblePay is not an ICO, maybe mistaken for another project? (Christcoin?)
BiblePay is cryptocurrency announced on bitcointalk with no premine, no instamine,
open for everyone to mine from the beginning, there is no business/coin offering.
We are masternode and cpu mining only coin.
https://bitcointalk.org/index.php?topic=2388064" -Togo

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"Hmm, I'm not sure... I see that it's not a traditional ICO, but since the architecture is maybe quite centralized
(with the orphan fund and masternodes), perhaps it could be considered "an ICO with more steps".

For now I think that it's too close to an ICO. You could create a topic in Meta requesting public comment,
and if there's consensus that it's more like eg. Litecoin than an ICO, then I'd probably allow it." -theymos

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https://bitcointalk.org/index.php?topic=2388064.msg28494209#msg28494209
"I would stress to him we have no resemblence to an ICO - at all, with no premine and no orphan starting fund.

Sanctuaries (Masternodes) are *decentralized*.

Our agreement with Compassion is Voted monthly - and each monthly expense is a decentralized proposal.

We are not a coin with a centralized orphan fund, we have decentralized voting that keeps voting for our recurring expenses for our #1 partner: Compassion" -Rob (Creator of BiblePay)

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What is an ICO?
https://en.wikipedia.org/wiki/Initial_coin_offering
https://www.investopedia.com/news/what-ico/
https://bitcoinmagazine.com/guides/what-ico/

"In an ICO, some quantity of the crowdfunded cryptocurrency is preallocated to investors in the form of "tokens,""

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What is a Masternode?
https://coinsutra.com/masternodes/
http://dashmasternode.org/what-is-a-masternode/
https://pivxmasternode.org/what-is-a-masternode/
https://decryptionary.com/dictionary/masternode/

"A masternode is more than just a node. It has a managing role and special jobs that regular nodes don’t have.

- A masternode’s managing role is to vote on proposals to improve the system. Every masternode gets one vote.
- A masternode’s special jobs include creating instant transactions, known as “InstantSend”, and private transactions that hide the fact that you’ve sent money, known as “PrivateSend”."

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Feedback on Discord:

"Masternodes get paid because they provide a service. An ICO is nothing like that." -SilentLennie

"well they might be in some technical sense but definitely not in the commonly understood meaning of the term" -feedbands

"well, depends on the coin, you can have an ICO with masternodes, such as Academy - or you can have masternodes with no ICO, like PIVX" -John M

"Masternode projects would only be considered ICOs if the coin devs directly sold people coins at a certain price" -Eatbatterys

"an Initial Coin Offering would mean that devs are selling coins at a price point they decide" -Eatbatterys

"if you can mine it then it's not an ICO..." -kusk0r

"ICOs are just a sale of tokens by their creator. Some of them could be masternode coins, but that's not a requirement." -BTCMILLIONARE

"the two things are independent from one another. A coin that has masternodes could have an ICO (Dash did not have an ICO). Similarly, a coin that has an ICO could have masternodes." -TroyDASH

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Let me know if there is anything else I can do to show you that BiblePay is not an ICO,

Thanks!,
Togo
BiblePay

Here is a thread in Meta and another in Altcoin discussion asking if Masternode Coins are ICOs:
https://bitcointalk.org/index.php?topic=2785959.0
https://bitcointalk.org/index.php?topic=2795166