Because I would rather peg to a dollar and grow VALUE by 5% a month than to charge interest and increase supply thus decreasing price/value.
Could you explain what you mean by grow value by 5% a month?
Topic: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open - page 184. (Read 339472 times)
November 20, 2014, 12:45:23 AM
Because I would rather peg to a dollar and grow VALUE by 5% a month than to charge interest and increase supply thus decreasing price/value.
Could you explain what you mean by grow value by 5% a month?
November 20, 2014, 12:42:39 AM
may i ask..
why the interest only 1%...?
Dev
why the interest only 1%...?
Dev
Thats what they chose its pretty standard. I might have them change it on fork.
sometimes i wonder why only 1%
why not 5-10% ?its very ideal..i think
so the people will be interested to hold their coin
how do you think?
Because I would rather peg to a dollar and grow VALUE by 5% a month than to charge interest and increase supply thus decreasing price/value.
November 20, 2014, 12:36:46 AM
1% isnt enough to make me hold it and stake it over selling off and putting it in a diff investment vehicle if this coin were to become worth more money.
I also find it a very poor interest rate given how fast crypto is still transforming.
(Not fud, just my opinion, I'm invested in bay and hope for the best, just also very curious why 1%)
Just my 2 cents tho.
I also find it a very poor interest rate given how fast crypto is still transforming.
(Not fud, just my opinion, I'm invested in bay and hope for the best, just also very curious why 1%)
Just my 2 cents tho.
November 20, 2014, 12:12:46 AM
I personally like the 1%. Mainly because there are already 1 billion BitBay out there, and that number could grow much quicker with a higher interest rate. If it had a lower coin total, I'd be all for increasing it. I say leave it.
November 19, 2014, 11:48:35 PM
may i ask..
why the interest only 1%...?
Dev
why the interest only 1%...?
Dev
Thats what they chose its pretty standard. I might have them change it on fork.
sometimes i wonder why only 1%
why not 5-10% ?its very ideal..i think
so the people will be interested to hold their coin
how do you think?
Maybe a small increase (0.01-0.1%) every block up to 10%. Snowballs implemented something similar to encourage people to hold and stake coins rather then keep them on markets.
too large is also a bad idea,.it will decrease the value .. i think
and then the concern of bitbay isn't the big stake
November 19, 2014, 11:41:33 PM
may i ask..
why the interest only 1%...?
Dev
why the interest only 1%...?
Dev
Thats what they chose its pretty standard. I might have them change it on fork.
sometimes i wonder why only 1%
why not 5-10% ?its very ideal..i think
so the people will be interested to hold their coin
how do you think?
Maybe a small increase (0.01-0.1%) every block up to 10%. Snowballs implemented something similar to encourage people to hold and stake coins rather then keep them on markets.
or...vPoS....
November 19, 2014, 11:40:52 PM
BitBay just hit an all new ATH on Bittrex!
November 19, 2014, 11:36:57 PM
may i ask..
why the interest only 1%...?
Dev
why the interest only 1%...?
Dev
Thats what they chose its pretty standard. I might have them change it on fork.
sometimes i wonder why only 1%
why not 5-10% ?its very ideal..i think
so the people will be interested to hold their coin
how do you think?
Maybe a small increase (0.01-0.1%) every block up to 10%. Snowballs implemented something similar to encourage people to hold and stake coins rather then keep them on markets.
November 19, 2014, 11:35:04 PM
the wallet link is fucking banned by ISP in our country,can you take another one? Or you'll lost many fans .Thanks a lot. November 19, 2014, 11:34:34 PM
may i ask..
why the interest only 1%...?
Dev
why the interest only 1%...?
Dev
Thats what they chose its pretty standard. I might have them change it on fork.
sometimes i wonder why only 1%
why not 5-10% ?its very ideal..i think
so the people will be interested to hold their coin
how do you think?
November 19, 2014, 11:21:49 PM
may i ask..
why the interest only 1%...?
Dev
why the interest only 1%...?
Dev
Thats what they chose its pretty standard. I might have them change it on fork.
November 19, 2014, 10:23:09 PM
Liking this movement bye bye to the ico prices 
Yeah, 280 on bittrex. 300+ is in the near future. We might even make it there before smart contracts. After smart contracts, well, the sky is the limit.
I bought at 260. Missed the real cheap coins but I am thinking this is going up!
November 19, 2014, 10:09:51 PM
may i ask..
why the interest only 1%...?
Dev
why the interest only 1%...?
Dev
November 19, 2014, 09:16:05 PM
ok this is working fine now I was able to download the new updates but it would be good having another site to download these than mediafire I would think with 3000btc could have the file directly to the Offcial Website and would look more professional than downloading from a forums looks a bit cheap but don't get me wrong I know this is just a start up always so time for improvement in any case thanks for the good work ''Devs
I would agree with the download issue, doesn't seem to be a working link on the official website which really needs updating in several areas...
November 19, 2014, 08:17:48 PM
November 19, 2014, 07:33:09 PM
Liking this movement bye bye to the ico prices
Yeah, 280 on bittrex. 300+ is in the near future. We might even make it there before smart contracts. After smart contracts, well, the sky is the limit.
November 19, 2014, 07:26:57 PM
Liking this movement bye bye to the ico prices
November 19, 2014, 07:22:35 PM
alright im in! 
I could see this one going to 350 sats fairly quickly once the dev starts rolling out functions, it's already established on the Chinese exchanges (BTER) which is a great start
I could see this one going to 350 sats fairly quickly once the dev starts rolling out functions, it's already established on the Chinese exchanges (BTER) which is a great start
November 19, 2014, 07:01:20 PM
ote author=Cryptosis link=topic=850267.msg9596514#msg9596514 date=1416437120]
Bump and excited.
when trying to download
Windows Automatic Installer:[/b] http://www.mediafire.com/download/ysbxbxumyvcs535/BitBay-Automatic-1.0.0.1.zip
File Blocked for Violation.
The file you requested has been blocked for a violation of our Terms of Service.
Still have questions, or think we've made a mistake? Please contact support for further assistance
just tried it, the link works.. maybe you have zip files blocked by virus scan in Firefox or Chrome or whichever browser you are using
[/quote]
ok this is working fine now I was able to download the new updates but it would be good having another site to download these than mediafire I would think with 3000btc could have the file directly to the Offcial Website and would look more professional than downloading from a forums looks a bit cheap but don't get me wrong I know this is just a start up always so time for improvement in any case thanks for the good work ''Devs
We've updated our wallets. These are all the latest certified builds from Crypto Certify to implement our new checkpoint servers to work with our own privkey.
*** Mandatory Wallet Updates (ver. 1.0.0.1) ***
- Windows Automatic Installer: http://www.mediafire.com/download/ysbxbxumyvcs535/BitBay-Automatic-1.0.0.1.zip
- Windows Manual Install: http://www.mediafire.com/download/6ea20i9fa64lftf/BitBay-Manual-1.0.0.1.zip
- Mac Installer: http://www.mediafire.com/download/hdi7e7y4gjkvh93/bitbay-qt-1.0.0.1-osx.zip
Please update your wallets immediately to alleviate any issues later down the line.
These updates will be posted to the thread's front page shortly along with our public GitHub address. The smart contract wallet is in development for the next major wallet upgrade!
*** Mandatory Wallet Updates (ver. 1.0.0.1) ***
- Windows Automatic Installer: http://www.mediafire.com/download/ysbxbxumyvcs535/BitBay-Automatic-1.0.0.1.zip
- Windows Manual Install: http://www.mediafire.com/download/6ea20i9fa64lftf/BitBay-Manual-1.0.0.1.zip
- Mac Installer: http://www.mediafire.com/download/hdi7e7y4gjkvh93/bitbay-qt-1.0.0.1-osx.zip
Please update your wallets immediately to alleviate any issues later down the line.
These updates will be posted to the thread's front page shortly along with our public GitHub address. The smart contract wallet is in development for the next major wallet upgrade!
Bump and excited.
when trying to download
Windows Automatic Installer:[/b] http://www.mediafire.com/download/ysbxbxumyvcs535/BitBay-Automatic-1.0.0.1.zip
File Blocked for Violation.
The file you requested has been blocked for a violation of our Terms of Service.
Still have questions, or think we've made a mistake? Please contact support for further assistance
[/quote]
ok this is working fine now I was able to download the new updates but it would be good having another site to download these than mediafire I would think with 3000btc could have the file directly to the Offcial Website and would look more professional than downloading from a forums looks a bit cheap but don't get me wrong I know this is just a start up always so time for improvement in any case thanks for the good work ''Devs
November 19, 2014, 06:59:25 PM
Do we have an ETA on smart contracts? I heard they were gonna be out this week?
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