Topic: BATA BTA ◈ OLD THREAD - NOW @ https://bitcointalk.org/index.php?topic=2297895.0 - page 4. (Read 283670 times)

For those who think it is the end of Bata and are critical of development (that they do not have any comprehension of), please calm down.

For the moment please be advised to remove your Bata from Bittrex as per Bittrex wallet message.

We have not been advised what the issue actually is or had a response from Bittrex Management. If we do hear I will advise the community.

A list of current exchanges:

https://bata.io/exchange-bta

It was one of my favorite coins. But now I'm very upset. Developers for what you worked so badly and slowly on it? http://prntscr.com/gsogep

Thank for your reply!

thx for your response. I am already since more than 1 year into BTA and will stay whatever will happen 

Thanks for your response, I hope Bittrex will reconsider.....  down many thousands and counting 

Nothing as it is separate platform that is designed to be more in compliance with crowdfunding laws.

I have not had a response. I can only speculate without being advised to why Bata is being delisted.

Maybe we did not have 15 btc worth of orders per 24hr period.

Once I know I will advise.

What's going on?!! 50% drop and delisting from bittrex??!!

what's wrong with profit share platform?

We have some planned updates and have contacted Bittrex for clarification. Bill was earlier making enquires regarding profit share platform, which they did indicate that BTA would be delisted.

Bittrex delisting on October 13th 2017. Never a good sign...

Let's see it looks like BATA will already start running out of price and will be banished from BITTREX ... Go help yor coin

Bittrex price is tanking.  Bittrex says market will be dropped.  What's going on?

Sorry I did not answer the question.

There is a whitepaper, which is available directly here: https://bata.money/downloads/BTA_Profit_Shares_Whitepaper.pdf. (To be updated soon)

All our whitepapers are available to download on https://bata.io/development

Thanks

Thanks on behalf of dev team.

Registration is ready at https://shares.bata.io  Additional development & large-scale testing will be done on the Buy/Sell shares functions in the next week before they will be available to the public for use.

If you would like to be a ALPHA tester for the Buy/Sell(Live blockchain transactions) this week. Please post your username in #profit_shares channel on Slack https://bata-blockchain.signup.team/to be added to the permissions list.

PC888 - Keep up the great work.

Will there be a Whitepaper/some info on the Profit Share platform that's available for testing?

Be ready for the price to fly with masternodes. I can see there being huge demand and very low supply. 

Nice steady rise from BATA coin as of late. Some good reading on this thread as well might come over and join the slack when I don't have to work 

Finally hit my 10k mark cant wait for Masternodes.

Keep up the good work BTA! 

Hashrate has been quite consistent, blocks have been moving along with no huge delays.

A vote is up, due to blocks randomly taking up to or over an hour to solve due to high hash jumping on and off to collect blocks.

For the non slack members and BCT community, below is a copy of some updates posted in Bata Slack:

Bata Dev - Midnightminer:

The last few days I was working with other coins with Masternode configurations.  I set-up a couple different wallets and masternodes to go through the configuration process.

I can say that it was an interesting exercise.  It seems almost every type of wallet has different ways of configuring Masternodes. 

I am now looking into how we can simplify or find the most suitable way to setup Masternodes in Bata.

A proposal has come up in our planning and development discussions, that, instead of adding a development tax/fee like DASH and other coins we would use some of the develops funds to set up masternodes to put into the development wallets.

Looking for feedback from the community on ideas.  This will not generate as much funds for the development but this does keep Bata more decentralized.  Having a development fee going to wallets written into the wallet code is not a truely decentralized system.

Any thoughts?
----------------------------------


Response from BTA Slack member:

You would need to somehow "limit" the number of masternodes the core team operates, otherwise you'll end up in the same situation DASH found themselves in where Evan Duffield (and the rest of the CORE dash team at the time) controlled a majority of the Masternodes and could pass or reject any proposal presented.  That has since been rectified by Duffield turning down all his MN's as part of him taking an advisory role to the DASH DAO.
I don't see that the standard MN model is excessive in anyway.  45% MN.  45% miners.  10% foundation.
----------------------------------


Response from BTA Slack member:

When the masternodes comes out, bata will still be mineable right?
----------------------------------


Midnightminer:

First release of Masternodes will be with PoW only.  PoS will be integrated later.

I see your point, and I have considered that.  Between the 3 core developers hold just under 15% of the coins.  At most we could have 70 masternodes of a theoretical 500 ( I see 200 MN max) so we may could be close to >50% as a group. 

I am looking at a standpoint of decentralization.  Even if we say we have no intention of influencing a vote, there is always the possibility of someone using their position to steer things to their advantage.

But the same goes for the development fund as a 10% fee on the rewards.  If we hold the keys to the funds, votes are not really enforced by the code, the community would still be relying on the key holders of those wallets.

That is why I put the idea out to the community.  I need different views on the possible situations.
----------------------------------


Response from BTA Slack member:

thanks for the answer. I have another question, total BTA supply is 5 million coins if I'm not mistaken, right now we are at 4.9mil coins, how will the Masternodes work after that?
----------------------------------


Midnightminer:

The coin supply will be expanded to 10 Mil over the next 10 yrs.

The primary goal is to support the Barter Platform and trade for goods.  Since pure PoW coins are open to certain exploits, we are moving to Masternodes to secure the network.  Hybrid PoW/PoS to to add more security and stability to the coin.  With these additions we need to compensate the contribution of resources, so the extension of the coin supply.  However, to keep the focus on liquidity and a coin that is used for trade, the rewards for PoS are low compared to most coins (5.2% per annum), the the masternodes will be slightly higher.  Bata is not designed to be a bag holding coin, or a store of value.  It was designed for trade.
----------------------------------


Response from BTA Slack member:

if you look at pivx they are pos but they have yearly inflation that doesnt end

just trying to figure out how the team is going to tackle the masternode agenda
----------------------------------


Midnightminer:

I am very familiar with PIVX.  I like what the coin is trying to do, but we are not in the same market.
----------------------------------

Response from BTA Slack member:

Yes I understand the market is different, I was referring to the structure. When I asked what would happen if we hit 5 mill coins, you said it would be raised to 10. Then what happens if when we hit 10 mil coins, it will be raised to 15? If that is the case, why not design it like pivx so that it's ongoing and the community and investors know what to expect. Just my opinion, it is your project and you can point it to whichever way you like. I'm just thinking long term.
----------------------------------


Midnightminer:

The current model I am using to build the coin rewards is on the expected growth of the coin to have a value of $1000 USD value per Bata before the coin supply of 10 Mil is reached.  What happened was that during the calculations we found 5 Mil was not enough to keep the liquidity in multiple exchanges and on the Bata platform.  It is still all theory, but also looking at coins that reach there coin supply before finding there full value or a useful market, killed the coin, there was no mining or staking to keep interest.

Unlimited supply is a touchy plan at this point since there are many scam coins with huge amounts of diluted coin supply.  Our approach was to keep a limited supply, and planned an expansion with equal opportunity to participate (still no insta-mining, or ICOs in Bata).

Another point with no set limit on coin supply, that if an exploit is found to generate extra coins, that exploit would ruin all value in the system if left unbounded by coin supply.  Its a long shot, but still possible.