Topic: Best Altcoin to invest in for 2016 and WHY - page 4. (Read 110244 times)

ICN is just a nonsense dumped coin better to trust monero ,eth and bitcoin.

There had been a lot of lies in this thread but this i can believe. More people and more money will come in the future for us since the traders outside crypto are moving here. Its even fastforwarded due to the promotion of ICN. Bitcoin and ETH are gonna go up side by side.

Bitcoin
ETH

both are trade able and looks very promising at this point. I've been watching the news lately and looks like lot of money will be flowing in these two coins.

You can claim anything you like.. im sure you feel like you were first and but sys had a marketplace aswell.. it was there and functional for average crypto users.. anyways aslong as i knew the truth thats all that matters. Your infographic.showed many things that bay had but missed many things sys did that bay didnt either... i think bay maybe had more to offer at first in terms of things you can buy or sell and how they can buy or sell but that was quickly fixed in 2.0 and now with 2.1 its a different beast altogether.

Coins were not frozen you used coin control to spend them... again i dont think you understand software development to tell me.what quantifies as quality in terms of what a released product looks like... syscoin 2.1 is the released product after many testnets and bug fixes.. i think you lack understanding of software development.based on your comments. I will do better in explaining concepts to you but I need you to try to understsnd before jumping the gun... the initial quote was for syscoin 2.1... your response led me to research what the first marketplace was hence this discussion which is sure over.

The misunderstanding arose from the origiinal quote which again was centered around 2.1 which is the quality release where bay is still beta. Hopefullt that clears things up for you.. i know your one that is hard to convince they are wrong but that could be a good trait. Wasnt so much a play of words more than a misunderstanding in which you took it as the first marketplace that existed and i know that because youve used that before. Anyways.goodluck once again.. it will be good for whoever keeps going.. hard work always pays off.

This is getting ridiculous


Yes!



It is not my task to evaluete Syscoins existence. I can get you a copy of our first wallet so you can see for your self, or you can just read this article that was published a two months later: http://motherboard.vice.com/read/this-decentralized-bitcoin-market-is-for-legal-stuff-only
Here is Davids post with download link from january 12 2015




Next you say:


That's bs and you know it. We had that discussion in may 2016


To sum it up:
BitBay was in beta for more than a year before we launched release version. That is imo the reason why we have not have any serious bugs in release version. This in contrast to sys where I had my coins frozen in your "release" version. Last time that happened to me was only 3 months or so ago! I'd be very careful making claims you are ahead of us in regard to quality if I were you.
As I have said before; sys is a great project, and you are good at marketing. But you are pushing to much now. That's not good marketing for sys or for crypto in general. Focus on the things that are great about sys.

I'm out of this discussion

And in January 2015 you are saying that you had encrypted messaging a fully functional GUI and escrow working inside of a marketplace? I think both projects upon first release were similar quality but we have been able to release faster because of only having to deal with a set of hardened contracts that we created that can be mixed and matched to solve most of the problems that we set out to solve in our disruptive business model. Should there arrive a need for another (something like assets) then perhaps we will add it to the mix (I know bay can create templates quicker and without forks) but I described the design philosophy in the whitepaper about hardened contracts although I'd like to think that an implementation developed over 5 years like david was saying would be a bit better turing complete design than a rushed design by Eth and co.

Either way if you are saying in Jan 2015 you had a sufficiently capable marketplace to dismiss the functionality of Syscoin to a point where one would say that Bay's functionality would trump Syscoin's to a point of nonexistance then prove it, or we can just agree that we both released in a similar state. We had offers, aliases, certificates upon creation that was the design for Syscoin 1. They all worked and worked well. We had fully usable tech via command line and had a very very basic GUI to view/edit/add to the marketplace. If you want to debate further I will look at the code to tell you exactly what I did upon release and we can compare codebases or GUIs (should you wish to make yours public to compare properly). I have put the issue to rest but you can bring it back up if you want (something you did because you felt I was wrong and still feel I am wrong in it seems). To me GUI doesn't matter much, the technology does. For the average joe it matters but we are nowhere near average joe adoption, we are at crypto level adoption first and organically grow from there.

The initial quote was for Syscoin 2.1 which IS the first commercial quality level blockchain-based marketplace in existance today. OpenBazaar may be there also but they are P2P, I said blockchain-based. But in historical context the debate between the first decentralized marketplace in general can be explored further if you wish. I don't consider Bay there yet because you are still in Beta, with no release process, code coverage(or is there david?) and not open-source yet. A consensus based system being closed source is similar to a permission based system, so basically it is unreleased at this point which is reflective of price, should you release it I'm sure your marketcap will reflect it based on the quality of the design and coding, im sure it will go up if people like what they are using but at this point im sure there is work to be done because your other features probably depend on it before final release.

With all due respect that's nonsence sid. You'r playing with words here. The discussion was about who was first. I don't think you would call any competitor that launched today without GUI, escrow, and messaging a decentralized market, would you? I sure would not. Thus I'll continue to claim BitBay was first.
As to your other claim, BitBay not being commercial quality level, that's nonsence too. We have focused a lot on bughunting, and that has resultet in rock solid software. But I do agree that Bay has more breadth  
Our bells and whistles differ from sys, and that's one of the good things with competitors. Ours are of course created to take advantage of the breadth Bay offers further down the line, and also to support our focus on security. Yours are more focused on streamlining sys as a marketplace. Both are good strategies, and although I personally think ours are best, that hardly is grounds for claiming BitBay is quality level and sys is not, right? The same goes the other way around. I expect in the long run we will copy the best ones from each other anyway.

Edit: If we are gonna continue this discussion, I suggest we move it to the sys vs Bitbay thread

Yes syscoin is already at commercial quality level today while bitbay isnt.. thats simple to understand isnt it? Bay has more breadth with turing complete contracts thus takes more to get to a similar level of quality. Bay is still at beta stage that is what i meant.

Your claim that started this discussion was: "sys marketplace is the first commercial quality level blockchain decentralized marketplace in existance."

Quality level blockchain decentralized marketplace? With no GUI, no escrow, and no messaging?

I acknowledge the fact that you were the first to prove a marketplace can be done on blockchain. But as we both know, there's a long way from proving it to releasing something that people can actually use. If some coin launched a marketplace today without GUI, escrow, and messaging, I wouldn't recognize them as competition. Would you?

That said, you have done a hell of a job catching up, and I'm always excited to see what's going on in your camp. For now I think it's a good thing we are competitors. We all need that to sharpen our game. I also think that somewhere down the line we can find ways to work togheter. I'd find that very interesting

We already do talk outside of this forum and pass on information to each other jfyi... there will be collaboration sometime down the road im sure. About the opensource thing, I've also worked for 3 years but I've open sourced it. Either way I'm not going to change my oppinion on that just like he isn't but doesn't make me think less of him. His stance on escrow is different than mine aswell but both of us have valid points. So I think in general we think the same and there will be time when we work together on a common direct goal. Happy 2017!

Does it really matter who was first by a few months. Both are good projects. There is no point arguing over a few months. I never heard of sys till way after BAY. That does not mean it did not beat bay to the punch with a working beta. That although vaguely interesting for historic purposes is not that important. I'm sure BAY was public first with the concept on their thread but perhaps not.

Right now the opportunity is there in both camps. SYS seems to code stuff out slightly faster and is better at marketing. I still think x 100 gains are possible with sys. I would say x 1000 gains are still possible with BAY. I think BAY's approach is more interesting and maybe a better design. We will see - I am not a designer nor coder so that is my opinion that is not a fact.

Shame you guys did not collaborate at the start and work together.

Keeping demanding open source open source screams out we want to see how you do this so we can press copy and paste.. so please stop screaming open source it. I notice many projects that have spent years and years on design and code are withholding going open source until they have created a FAIR first mover advantage for all those loyal investors and supporters that have waited YEARS for the result of all the devs coding.

It will go open source when bay is ready to go open source i.e after full release and completion of the project and time to build first mover advantage and some further updates then perhaps the source code to a much older version will be released.

This is years of his work with no funding so of course he is not going to say here you go press copy and paste on it immediately upon full release. Also the community of bitbay has stated they have no wish for that to happen. The source will be released when the time is right for the source to be released like with some other novel and interesting designs.

SYS is doing well,  you seem to code stuff out very very quickly. Pay more attention to sys.

David is an extremely nice person. Way too nice for this environment really. Hopefully he will notice that some people that seem friendly outwardly are not of entirely good intentions.

I get the feeling that sadly there is no way around it sys and bay are in almost direct competition that's not to say there is not room for both. Focus on sys and leave david to focus on bay. It is quite cool there is 2 ways to create this market place. Some will prefer the way sys does it others will prefer bitbays method.

I think both will be successful.
I don't think either devs should start saying publically what they consider the other one should do. Focus on their own projects or it looks bad manners. I don't see david publically saying what other devs should have to do. Conduct your own project as you see it should be conducted.

Sys and bay are both laughable in price consider where they should be both of these should be magnitudes higher for what they offer compared to most ltc clones with gimmicks tacked on.

Hey, yea I was just uneasy about that claim that I kept getting over and over again so I had some time finally and decided to look it up and voila, my hunch was right.

Yes ofcourse it was functional! There just was a bad GUI, so mostly done through console. The market was live and released and not beta.  I spent a few hours putting that argument to rest finally. We didn't really market much at the time because of the Moolah fiasco had so much going on, I had just joined and was learning how it all worked before starting to put my work in so really had no sense of direction until 2.0 came out which used most of the code from 1.0 but added new features like messaging, escrow, btc support etc.

Here is proof: https://github.com/syscoin/syscoin/blob/master/src/offer.cpp (last push Nov 30, 2014)

you can compare to offers in 2.1, they are not even THAT much different in terms of code.

Here is an article from September 2014 about the upcoming release of 1.0: https://cointelegraph.com/news/syscoin-groundbreaking-new-platform-opens-bitcoin-to-customizable-online-markets

We already have 5 pages on 2017   Ofcourse people can reflect on 2016 too.

https://bitcointalksearch.org/topic/best-altcoin-to-invest-in-for-2017-and-why-1691917

Also its 2017 is this thread obsolete?!

 

Happy new year Sid!

Hey just to chime in you are right about our date and here was news media confirming it a couple months later:
http://motherboard.vice.com/read/this-decentralized-bitcoin-market-is-for-legal-stuff-only

However I really don't remember sys having markets if you guys did were they functional?! Were users able to download it, post orders, see orders etc on the date you claimed? If so was there any news articles or even evidence of this?

I'm definitely not trying to nitpick here my friend if you guys were first by a few months thats fine, I just never heard.

From the VICE article:
"BitHalo, BlackHalo, and BitBay certainly aren’t the first markets to attempt a decentralized approach, but they are the first to actually make it to public beta and do away with any transaction mediators in a single stroke. Shadow, another hyped decentralized market, is still closed for development. OpenBazaar, yet another, has been in beta testing for a year, but uses third party “arbiters” to mediate disputes between buyers and sellers, giving them the power to con users if they want."

Also OpenBazaar was private beta, we were a year ahead of them since they wanted to get rid of bugs before their public release.

To be honest I dont really care who was first, Halo was the first in a lot of things like smart contracts and still doesn't get the media press anyways. I'm just happy to work on finishing the project.

Yes, Bitbay launched beta marketplace in january 2015. When did syscoin launch a wallet with marketplace on main net?
The link https://bitcointalksearch.org/topic/m.8391192 took me to a page that was concerned with problems in your wallet, but not a word about decentralized market

Happy new year munti!

Syscoin was released with a decentralized marketplace in august of 2014 while bitbay released a beta in january of 2015. So syscoin came first. It always bugged me when you claimed bay was first so I did a bit of research and found out the truth. Either way they are both unique projects with great development teams. My points still stand. I still hope david considers an open source model so it will become a more trusted and vetted project. Maybe i will add DDE the day he does haha

Source: http://bitbay.market/timeline/

Source: https://bitcointalksearch.org/topic/m.8391192

LOL
I have said it before and I'll say it again; sys is doing a very good marketing job. But claiming you are "the first commercial quality level blockchain decentralized marketplace in existance" is a bit over the top, don't you think? You don't really need to compensate for the fact that BitBay was the worlds first decentralized marketplace. You have a lot of cool stuff going on. Focus on that.

I think 2017 will be a great year for both sys and Bay
Happy new year sid 

Both are great projects.. sys being a little further on its roadmap and now focusing on usage partnerships giving talks at conferences and raising funds for team to go fulltime.

If you read whitepaper on sys target price is $1 usd for the mechanism design to be a factor... so that may be rough guide when it becomes a widely used marketplace.. ofcourse sys marketplace is the first commercial quality level blockchain decentralized marketplace in existance.

Eh, it's 2017 now guys, this thread is now officially obsolete!