Are there any roadmap dates? Expected time frame for releases? I read this coin has a dev team working on this full time - is that true?
I still don't follow how this is better than open bazaar but I may invest to hedge my bets.
G.
Topic: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open - page 170. (Read 339485 times)
November 23, 2014, 03:12:37 PM
November 23, 2014, 01:23:12 PM
BRING ME MORE SELL WALLS!!!! ... THIS IS MADNESS!
November 23, 2014, 01:16:44 PM
1. What is the development schedule? More specifically: When will the functions be in place described in the OP?
2. What makes Bitbay different from Openbazar? Adding smart contracts to it?
2. What makes Bitbay different from Openbazar? Adding smart contracts to it?
The first question was answered multiple times already times already in this thread. I just asked for someone to make an FAQ.
The second question is like this, Open bazaar is not decentralized markets. They are pseudo centralized.
Most importantly, OB relies on arbiters. Arbiters don't work. This is why E-Bay and alibaba constantly deal with fraud with shipping. Arbiters cannot help the situation. How do they know who is lying? The same is of course true for juries and law.
Double deposit escrow is superior to any arbitration system because its immune to collusion, bad judgement, and middle men.
Also, OB doesnt have smart contracts and they dont have all the other Halo features, the economy, etc.
BitBay, Halo etc are smart contracting systems with an entire economy within. There are tons of plans in store. Please look through the thread for my schedule and I'm going to ask the community to put together an FAQ
Lastly, I was asked about difference from BlackHalo and basically BlackCoin is centered around NightTrader, Multipool, upwards price pressure cold staking and smart contracts
Bitbay is most about hedging, markets (although BlackHalo also has), hardware, and exotic contracts.
Lots more is in store for both projects so just hang tight.
Because they dont have decentralized servers. I highly doubt the IP address is well hidden. It uses DHT to distribute traffic about a store but that makes it highly localized and easy to get information about users so its not really decentralized. If anything its a nice way to give markets an outlet. Like using a torrent to route some traffic. But in theory its nothing like the Halo Bitmessage proposal.
Using Bitmessage, its a highly advance system of using nodes to route encrypted traffic. Much more anonymous and is 100% decentralized.
November 23, 2014, 01:04:54 PM
*** POS 2.0 ***
As we passed Block 20000, BitBay has successfully transitioned into POS 2.0. We are now one of only 2 coins with this new technology.
To find out more about the benefits of POS 2.0, please read this excellent whitepaper from BlackCoin: http://www.blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdf
Am I right, that people who are not staking 24/7, missing the party and get nothing, because coins age is obsolete?
Simple yet effective solution to the 51% issue. Nice to see progress so often!
Yes, it also invalidates the 'nothing at stake' criticism on PoS. Blackcoin already has this for a while now.
November 23, 2014, 12:54:59 PM
*** POS 2.0 ***
As we passed Block 20000, BitBay has successfully transitioned into POS 2.0. We are now one of only 2 coins with this new technology.
To find out more about the benefits of POS 2.0, please read this excellent whitepaper from BlackCoin: http://www.blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdf
Am I right, that people who are not staking 24/7, missing the party and get nothing, because coins age is obsolete?
https://i.imgur.com/CUtd7NS.jpg
Simple yet effective solution to the 51% issue. Nice to see progress so often!
Yes, it also invalidates the 'nothing at stake' criticism on PoS. Blackcoin already has this for a while now.
November 23, 2014, 12:43:07 PM
Hi Everyone
Just a friendly reminder, profanity, abusive language and unadultrated fud will be moderated. There are dedicated threads to conspiracy theories about Bay, plenty of opportunity to post there.
thanks -
BitBay Team
Just a friendly reminder, profanity, abusive language and unadultrated fud will be moderated. There are dedicated threads to conspiracy theories about Bay, plenty of opportunity to post there.
thanks -
BitBay Team
November 23, 2014, 12:40:53 PM
The coin hasn't spread enough for it's price to be meaningful yet.
November 23, 2014, 12:29:07 PM
The more FUD, the more I get the idea that I am on the right track with my investment in BAY.
Keep up the good work dev team and nevermind the bollocks as the Sex Pistols would say.
Keep up the good work dev team and nevermind the bollocks as the Sex Pistols would say.
November 23, 2014, 12:10:27 PM
Guys calm down, I'm 100% sure we will see a pump this week. Smart contracts will bring a lot of value to this coin.
Understand your desire for a profit but, we are not interested in a "pump" We ARE interested in a slow, steady rise in value, utility, and user adoption. This is what make a successful coin, not pumps...
+1000
Bitbay is a long term investment for many, including me.
November 23, 2014, 11:41:13 AM
*** POS 2.0 ***
As we passed Block 20000, BitBay has successfully transitioned into POS 2.0. We are now one of only 2 coins with this new technology.
To find out more about the benefits of POS 2.0, please read this excellent whitepaper from BlackCoin: http://www.blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdf
Am I right, that people who are not staking 24/7, missing the party and get nothing, because coins age is obsolete?
If you take into account the last line in that snippet it says, basically, the percentage of interest will still apply but updates will not be as frequent. At least that's how I read it...
November 23, 2014, 11:39:34 AM
Big investors are waiting to see results. When promises start being delivered is when you will see the biggest jump in price. Those who invest early are taking the biggest risk. However, those who invest early if BitBay is a success will see the largest reward. Make no mistake, BitBay is being watched by many and if successful will be talked about for years to come. Good luck to all in this forum and to BitBay. You have my attention and I'll be watching.
November 23, 2014, 11:36:23 AM
*** POS 2.0 ***
As we passed Block 20000, BitBay has successfully transitioned into POS 2.0. We are now one of only 2 coins with this new technology.
To find out more about the benefits of POS 2.0, please read this excellent whitepaper from BlackCoin: http://www.blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdf
AFAIK you're the third coin after Blackcoin and IOCoin...
November 23, 2014, 11:35:19 AM
*** POS 2.0 ***
As we passed Block 20000, BitBay has successfully transitioned into POS 2.0. We are now one of only 2 coins with this new technology.
To find out more about the benefits of POS 2.0, please read this excellent whitepaper from BlackCoin: http://www.blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdf
Am I right, that people who are not staking 24/7, missing the party and get nothing, because coins age is obsolete?
November 23, 2014, 11:34:44 AM
Guys calm down, I'm 100% sure we will see a pump this week. Smart contracts will bring a lot of value to this coin.
You know what comes after a pump?
Pump isn't a good thing. I would prefer to see it grow slowly and organically instead of numerous p&d
November 23, 2014, 11:33:17 AM
Guys calm down, I'm 100% sure we will see a pump this week. Smart contracts will bring a lot of value to this coin.
Understand your desire for a profit but, we are not interested in a "pump" We ARE interested in a slow, steady rise in value, utility, and user adoption. This is what make a successful coin, not pumps...
November 23, 2014, 11:31:55 AM
*** POS 2.0 ***
As we passed Block 20000, BitBay has successfully transitioned into POS 2.0. We are now one of only 2 coins with this new technology.
To find out more about the benefits of POS 2.0, please read this excellent whitepaper from BlackCoin: http://www.blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdf
Great news, its shows how mordern this coin is. New tech.
November 23, 2014, 11:23:34 AM
Guys calm down, I'm 100% sure we will see a pump this week. Smart contracts will bring a lot of value to this coin.
November 23, 2014, 11:17:10 AM
*** POS 2.0 ***
As we passed Block 20000, BitBay has successfully transitioned into POS 2.0. We are now one of only 2 coins with this new technology.
To find out more about the benefits of POS 2.0, please read this excellent whitepaper from BlackCoin: http://www.blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdf
Very nice. Another feature delivered as promised.
November 23, 2014, 11:12:08 AM
lol people selling will regret it when smart contracts are out this week
Classic price supression. First put a FUD story out. Then you put in a big sell and loads of tiny sells. Then what normally happens is the buy wall receives scared dumpers and the manipulator picks up cheap coins. It should give people confidence that someone is desperately trying to accumulate this coin cheap.
Cheap coins aren't that cheap after all. There isn't huge difference between 300 sat and 270 sat. Whoever is accumulating those coins will dump it sooner or later and move on. I hope that those people don't hold majority of the market and damage bay in short term. That's what sucks about crypto...majority of people don't have patience and try to get rich by making small profit rather than holding it and letting it grow organically.
If those people want to accumulate for long term they wouldn't try to suppress the price since there isn't much difference between high & low. It would be wasting time because it doesn't make a difference if you buy it at 300 or 270 if you're planning to hold it till the end and I'm pretty sure that's not the goal of the person who is trying to suppress the price.
As a long term investor I don't really care about these manipulators but it sucks to see these people trying to make small profit instead of helping a technology that'll quite possibly change everything for buyers/sellers.
November 23, 2014, 11:07:21 AM
*** POS 2.0 ***
As we passed Block 20000, BitBay has successfully transitioned into POS 2.0. We are now one of only 2 coins with this new technology.
To find out more about the benefits of POS 2.0, please read this excellent whitepaper from BlackCoin: http://www.blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdf
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