Bitbay Announce First Decentralized Market Release (out of Beta) - page 3.

Munti

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Activity: 661

Merit: 504

Quote from: DishwashingUnit on March 29, 2016, 07:53:43 AM

Does the peg mean it's pointless to speculate on BAY?

Will there be no way for people to buy in and own shares of the DAC's profits?

No, it's not pointless. Notice David uses the term rolling peg. Meaning it's not fixed at a specific value versus US$ forever. Think of it as a stabilizer. It will take some of the volatility out, but price will still be able to go up and down.
Actually it's a little like a modern peg in fiat. The hard peg like Swiss franc that broke in 2015 has a long tradition of failing because at some point circumstances have changed so much that the cost of maintaining the peg gets to high. The modern peg (often not announced as a peg) has a target corridor that allows some deviation from target price. Also that target is adjusted when necessary.
We expect the effect of the peg to be a price that moves more like bluechip stock or fiat as opposed to penny stock and crypto.

What is DAC?

DishwashingUnit

newbie

Activity: 21

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Does the peg mean it's pointless to speculate on BAY?

Will there be no way for people to buy in and own shares of the DAC's profits?

3r197

hero member

Activity: 732

Merit: 500

What I like about Zimbeck's Halo tech is that it can be integrated with almost any coin. In fact, he plans on expanding it to other coins. Who knows... maybe one day Monero or Doge will have Halo tech built-in.

What makes BitBay different from the rest will be the rolling peg, 'user value protection' tech.
So not everything has been done already as this is no "Nubits" failed design; it's not even in the same 'ballpark'.

David's shooting for the end of the year to have it implemented. Merchants will finally have the stability needed to guarantee their marketplace profits and their clientele will finally have the assurance that they received their goods at the most fair price possible!

Munti

hero member

Activity: 661

Merit: 504

Quote from: Fuserleer on March 28, 2016, 06:49:04 PM

Quote from: Munti on March 28, 2016, 06:45:05 PM

Quote from: Fuserleer on March 28, 2016, 06:41:13 PM

Quote from: Munti on March 28, 2016, 06:32:49 PM

Quote from: TPTB_need_war on March 28, 2016, 06:27:32 PM

Here we go Ethereum Paradox again! BitBay is technobabble complexity (feature after unvetted feature being promised) without first explaining how they solve the scaling problem of a block chain.

PoShit consensus again.

Another child prodigy genius claim (Zimbeck redux of Vitalik).

None of these shitcoins are going to scale and remain decentralized.

These are just P&Ds.

The truth I am stating won't be vindicated until perhaps another year or two hence. So enjoy yourselves.

Nice to finally see someone that cares about scaling issues. I almost thought David is the only person that cares about that.
And since he cares about that he doesn't bloat the blockchain with markets.

There's a few of us that care about it, myself included and of course TPTB (but I see you've already awoken the beast there

)

Which leads me to my question of what is the scaling solution for Bitbay? I didn't know that scalability was a key area of focus in that project Huh

You should ask David directly because I doubt I'm able to answer you at the level of detail you would like.
But basically making the decision to not run the contracts on the blockchain. He uses bitmessage instead.

While I'm at it, auctions will also come in BitBay. If you go to our thread there is a screenshot of a reverse auction

I see...so hes using Bitmessage as a kind of side chain for contracts. That's an interesting approach, I'll spend some time and check this project out in more detail.

Join our slack if you like http://bitbay.market/wp-login.php?action=slack-invitation
David is there almost every day, and he enjoys convos about the finer points in the tech. Would give him a chance to learn more about your project as well. I pointed him to it yesterday and he seems curious

TPTB_need_war

sr. member

Activity: 420

Merit: 262

Quote from: Fuserleer on March 28, 2016, 06:49:04 PM

I see...so hes using Bitmessage as a kind of side chain for contracts. That's an interesting approach, I'll spend some time and check this project out in more detail.

Interested to read your future analysis with citations.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: TPTB_need_war on March 28, 2016, 06:27:32 PM

Here we go Ethereum Paradox again! BitBay is technobabble complexity (feature after unvetted feature being promised) without first explaining how they solve the scaling problem of a block chain.

PoShit consensus again.

Another child prodigy genius claim (Zimbeck redux of Vitalik).

None of these shitcoins are going to scale and remain decentralized.

These are just P&Ds.

The truth I am stating won't be vindicated until perhaps another year or two hence. So enjoy yourselves.

It's already vindicated if you care to pay attention. We're at the point where everything is a remake and we've seen it all before, including how the future plays out. Nxt, Bitshares, etc.

Fuserleer

legendary

Activity: 1050

Merit: 1016

Quote from: Munti on March 28, 2016, 06:45:05 PM

Quote from: Fuserleer on March 28, 2016, 06:41:13 PM

Quote from: Munti on March 28, 2016, 06:32:49 PM

Quote from: TPTB_need_war on March 28, 2016, 06:27:32 PM

Here we go Ethereum Paradox again! BitBay is technobabble complexity (feature after unvetted feature being promised) without first explaining how they solve the scaling problem of a block chain.

PoShit consensus again.

Another child prodigy genius claim (Zimbeck redux of Vitalik).

None of these shitcoins are going to scale and remain decentralized.

These are just P&Ds.

The truth I am stating won't be vindicated until perhaps another year or two hence. So enjoy yourselves.

Nice to finally see someone that cares about scaling issues. I almost thought David is the only person that cares about that.
And since he cares about that he doesn't bloat the blockchain with markets.

There's a few of us that care about it, myself included and of course TPTB (but I see you've already awoken the beast there

)

Which leads me to my question of what is the scaling solution for Bitbay? I didn't know that scalability was a key area of focus in that project Huh

You should ask David directly because I doubt I'm able to answer you at the level of detail you would like.
But basically making the decision to not run the contracts on the blockchain. He uses bitmessage instead.

While I'm at it, auctions will also come in BitBay. If you go to our thread there is a screenshot of a reverse auction

I see...so hes using Bitmessage as a kind of side chain for contracts. That's an interesting approach, I'll spend some time and check this project out in more detail.

funsponge

hero member

Activity: 776

Merit: 557

Quote from: Fuserleer on March 28, 2016, 05:26:23 PM

As I'm always short on time perhaps someone knows if this release of BitBay supports auctions?

Simple yes or no will do

Seems these will be added in time. Here's a screenshot of a reverse auction template that i got from the Bitbay thread

http://i.imgur.com/virQBTY.jpg

Munti

hero member

Activity: 661

Merit: 504

Quote from: Fuserleer on March 28, 2016, 06:41:13 PM

Quote from: Munti on March 28, 2016, 06:32:49 PM

Quote from: TPTB_need_war on March 28, 2016, 06:27:32 PM

Here we go Ethereum Paradox again! BitBay is technobabble complexity (feature after unvetted feature being promised) without first explaining how they solve the scaling problem of a block chain.

PoShit consensus again.

Another child prodigy genius claim (Zimbeck redux of Vitalik).

None of these shitcoins are going to scale and remain decentralized.

These are just P&Ds.

The truth I am stating won't be vindicated until perhaps another year or two hence. So enjoy yourselves.

Nice to finally see someone that cares about scaling issues. I almost thought David is the only person that cares about that.
And since he cares about that he doesn't bloat the blockchain with markets.

There's a few of us that care about it, myself included and of course TPTB (but I see you've already awoken the beast there

)

Which leads me to my question of what is the scaling solution for Bitbay? I didn't know that scalability was a key area of focus in that project Huh

You should ask David directly because I doubt I'm able to answer you at the level of detail you would like.
But basically making the decision to not run the contracts on the blockchain. He uses bitmessage instead.

While I'm at it, auctions will also come in BitBay. If you go to our thread there is a screenshot of a reverse auction

Fuserleer

legendary

Activity: 1050

Merit: 1016

Quote from: Munti on March 28, 2016, 06:32:49 PM

Quote from: TPTB_need_war on March 28, 2016, 06:27:32 PM

Here we go Ethereum Paradox again! BitBay is technobabble complexity (feature after unvetted feature being promised) without first explaining how they solve the scaling problem of a block chain.

PoShit consensus again.

Another child prodigy genius claim (Zimbeck redux of Vitalik).

None of these shitcoins are going to scale and remain decentralized.

These are just P&Ds.

The truth I am stating won't be vindicated until perhaps another year or two hence. So enjoy yourselves.

Nice to finally see someone that cares about scaling issues. I almost thought David is the only person that cares about that.
And since he cares about that he doesn't bloat the blockchain with markets.

There's a few of us that care about it, myself included and of course TPTB (but I see you've already awoken the beast there

)

Which leads me to my question of what is the scaling solution for Bitbay? I didn't know that scalability was a key area of focus in that project Huh

TPTB_need_war

sr. member

Activity: 420

Merit: 262

Quote from: Munti on March 28, 2016, 06:32:49 PM

Nice to finally see someone that cares about scaling issues. I almost thought David is the only person that cares about that.
And since he cares about that he doesn't bloat the blockchain with markets.

No vetted white paper, means selling snake oil.

Quote from: funsponge on March 28, 2016, 06:34:28 PM

Bitbays Decentralized markets have worked in BitBay and Halo for over a year but were "in beta" to iron out bugs etc.

That isn't scaling.

When n00bs such as you don't even comprehend the meaning of the word 'scaling', then what is the point of me even trying to explain.

funsponge

hero member

Activity: 776

Merit: 557

Quote from: TPTB_need_war on March 28, 2016, 06:27:32 PM

Here we go Ethereum Paradox again! BitBay is technobabble complexity (feature after unvetted feature being promised) without first explaining how they solve the scaling problem of a block chain.

PoShit consensus again.

Another child prodigy genius claim (Zimbeck redux of Vitalik).

None of these shitcoins are going to scale and remain decentralized.

These are just P&Ds.

The truth I am stating won't be vindicated until perhaps another year or two hence. So enjoy yourselves.

Bitbays Decentralized markets have worked in BitBay and Halo for over a year but were "in beta" to iron out bugs etc.
And its getting pegged so cant be pumped and dumped.

Why so negative.

If you want answers go to the Bitbay thread where David will answer your questions. How many crytpo's out there have an active full time dev willing to answer any question put to him?

Munti

hero member

Activity: 661

Merit: 504

Quote from: TPTB_need_war on March 28, 2016, 06:27:32 PM

Here we go Ethereum Paradox again! BitBay is technobabble complexity (feature after unvetted feature being promised) without first explaining how they solve the scaling problem of a block chain.

PoShit consensus again.

Another child prodigy genius claim (Zimbeck redux of Vitalik).

None of these shitcoins are going to scale and remain decentralized.

These are just P&Ds.

The truth I am stating won't be vindicated until perhaps another year or two hence. So enjoy yourselves.

Nice to finally see someone that cares about scaling issues. I almost thought David is the only person that cares about that.
And since he cares about that he doesn't bloat the blockchain with markets.

TPTB_need_war

sr. member

Activity: 420

Merit: 262

Here we go Ethereum Paradox again! BitBay is technobabble complexity (feature after unvetted feature being promised) without first explaining how they solve the scaling problem of a block chain.

PoShit consensus again.

Another child prodigy genius claim (Zimbeck redux of Vitalik).

None of these shitcoins are going to scale and remain decentralized.

These are just P&Ds.

The truth I am stating won't be vindicated until perhaps another year or two hence. So enjoy yourselves.

funsponge

hero member

Activity: 776

Merit: 557

yes pugman you got in before me

Here's the new Bitbay roadmap

Fuserleer

legendary

Activity: 1050

Merit: 1016

Quote from: pugman on March 28, 2016, 05:32:24 PM

its not on the roadmap it seems

https://bitcointalksearch.org/topic/m.14346521

Thanks for the quick info!

BellaBitBit

hero member

Activity: 756

Merit: 500

Good news, I have been watching this one and hope to be trying it out soon. Also good to see they are trying to get on Azure because at this point it will come down to who is NOT on Azure.

pugman

legendary

Activity: 2383

Merit: 1551

dogs are cute.

its not on the roadmap it seems

https://bitcointalksearch.org/topic/m.14346521

pugman

legendary

Activity: 2383

Merit: 1551

dogs are cute.

I wouldn't have thought Zimbeck would have done that just yet. I know hes a wizard but that might take him a year or two

Fuserleer

legendary

Activity: 1050

Merit: 1016

As I'm always short on time perhaps someone knows if this release of BitBay supports auctions?

Simple yes or no will do

Topic: Bitbay Announce First Decentralized Market Release (out of Beta) - page 3. (Read 3760 times)