BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open - page 252.

dzimbeck

legendary

Activity: 2412

Merit: 1044

Quote from: ?? on ??

Quote from: dzimbeck on November 11, 2014, 09:06:49 PM

Quote from: Momimaus on November 11, 2014, 07:19:57 PM

How much coins will stay by the development team?

What is the timeline for all this fantastic features? Will you be able to deliver these things before Ethereum and NXT?

BitHalo and BlackHalo were proudly a year ahead of Etherium but nobody noticed it. I'm capable of doing so many more advance contracts but my project just never got the attention or funding because I was new to the scene and Vitalik was around for years.

So the smart contracts are done. But there will be more types of contracts to come on top of that layer. I can add loops and I even know how to decentralize a fork. But im focusing on getting what I promised done first.

This time, do you have the resources to obtain marketing that will help bring smart contracts to the masses?

I'm hoping so... my marketing was very sluggish despite all the moves we made this year. But I think that we will break this market eventually. More and more people are realizing what we did. Its most likely unnoticed at first because not everyone even knew Bitcoin and Blackcoin had contracts lol.

dzimbeck

legendary

Activity: 2412

Merit: 1044

Quote from: altcoinUK on November 11, 2014, 09:41:36 PM

So could you answer please one of the most important questions for the IoT feature: how the software works terms of real time hardware control. So far none of the IoT coins (BitBay, TileCoin, GadgetCoin) answered this question and I hope you have the answer.

Let see a very simple and basic IoT sample, you have a light switch controlled by an Internet of Things Zigbee switch sensor, how do you turn on/off the light, do you wait 60 seconds until the transaction is included in the blockchain or do you have a workaround to complete the smart contract quicker to execute the hardware control?

I am very interested in your coin :-)) it is a great project and I am sure you have managed to make it work and it would be great to know how the solution works before making a decision about investing in the coin.

Well there are a few techniques to this. With checklocktimeverify, there is a whole bunch of new types of spending we can do. For example, we can spend so coins convert to a different address later, we can lock coins for months at a time. A 2 of 2 multisig account can convert to a 3 of 3 or (really anything)... its all about how you want to program the device.

With that said, most devices will need their own key and will sign on its own behalf. This would be used for more than just spending money. Since you get a secure connection to the device, it can hold coins, it can perform contracts with you etc. Thus, using double deposit we can create a set of rules and protocols interacting with the device. One example is a hardware staking wallet with multisig. At Blackcoin they are working on this. Their lead dev rat4 already coded in multisignature staking. It was lovely. So that just needs to be applied in the context of a device. This is just ONE example. Losing your hardware need NOT lose your coins even in a 2 of 2 multisig since we can lock the coins to convert back to the users key at a later date.

altcoinUK

hero member

Activity: 784

Merit: 1000

So could you answer please one of the most important questions for the IoT feature: how the software works terms of real time hardware control. So far none of the IoT coins (BitBay, TileCoin, GadgetCoin) answered this question and I hope you have the answer.

Let see a very simple and basic IoT sample, you have a light switch controlled by an Internet of Things Zigbee switch sensor, how do you turn on/off the light, do you wait 60 seconds until the transaction is included in the blockchain or do you have a workaround to complete the smart contract quicker to execute the hardware control?

I am very interested in your coin :-)) it is a great project and I am sure you have managed to make it work and it would be great to know how the solution works before making a decision about investing in the coin.

BitBay Team

newbie

Activity: 56

Merit: 0

Quote from: dzimbeck on November 11, 2014, 09:17:42 PM

Quote from: Momimaus on November 11, 2014, 07:38:03 PM

Quote from: BitBay Team on November 11, 2014, 07:31:49 PM

Quote from: Momimaus on November 11, 2014, 07:29:48 PM

Quote from: BitBay Team on November 11, 2014, 07:24:50 PM

Quote from: Momimaus on November 11, 2014, 07:19:57 PM

How much coins will stay by the development team?

What is the timeline for all this fantatsic features? Will you be able to deliver this things before Ethereum and NXT?

We'll have coins set aside for different parts of the project. Some coins will be sold immediately for working capital. For a time line, we can tell you that before the new year you'll have a new client that is multi-coin, has smart contracts and a marketplace.

Coins? How much? Percentages please?

That information will be kept private. I'm sure you understand.

Of course I don´t understand. Why should someone invest if he doesn´t know how many coins will be holded by devs (and take this risk of being dumped to death)?

And I don´t know what percentage of all coins I will get if I invest? Huh

??

This is inaccurate, im being contracted in BTC not bay. Also, if you read OP you will see that if we dont sell out (which I'm now thinking we will anyways), then all the unused coins will be burned. So nobody gets them. I will go ahead and have them confirm this here.

This is accurate. Any unsold coins will be burned.

dzimbeck

legendary

Activity: 2412

Merit: 1044

Quote from: Momimaus on November 11, 2014, 07:38:03 PM

Quote from: BitBay Team on November 11, 2014, 07:31:49 PM

Quote from: Momimaus on November 11, 2014, 07:29:48 PM

Quote from: BitBay Team on November 11, 2014, 07:24:50 PM

Quote from: Momimaus on November 11, 2014, 07:19:57 PM

How much coins will stay by the development team?

What is the timeline for all this fantatsic features? Will you be able to deliver this things before Ethereum and NXT?

We'll have coins set aside for different parts of the project. Some coins will be sold immediately for working capital. For a time line, we can tell you that before the new year you'll have a new client that is multi-coin, has smart contracts and a marketplace.

Coins? How much? Percentages please?

That information will be kept private. I'm sure you understand.

Of course I don´t understand. Why should someone invest if he doesn´t know how many coins will be holded by devs (and take this risk of being dumped to death)?

And I don´t know what percentage of all coins I will get if I invest? Huh

??

This is inaccurate, im being contracted in BTC not bay. Also, if you read OP you will see that if we dont sell out (which I'm now thinking we will anyways), then all the unused coins will be burned. So nobody gets them. I will go ahead and have them confirm this here.

dzimbeck

legendary

Activity: 2412

Merit: 1044

Quote from: ?? on ??

Quote from: Momimaus on November 11, 2014, 07:29:48 PM

Quote from: BitBay Team on November 11, 2014, 07:24:50 PM

Quote from: Momimaus on November 11, 2014, 07:19:57 PM

How much coins will stay by the development team?

What is the timeline for all this fantatsic features? Will you be able to deliver this things before Ethereum and NXT?

We'll have coins set aside for different parts of the project. Some coins will be sold immediately for working capital. For a time line, we can tell you that before the new year you'll have a new client that is multi-coin, has smart contracts and a marketplace.

Coins? How much? Percentages please?

And don´t you think that 64s blocktime is way to slow for festures like marketplace and smart contracts?

I was just about to ask this too. 10 confirmations too?

No it isnt too slow. Just go ahead and test a Blackcoin contract. Confirmations are about the same so is Blocktimes. You can fund and complete a contract before the first Bitcoin block. It all depends i suppose on how many confirmations you set the client for because it can even send on one confirmation.

dzimbeck

legendary

Activity: 2412

Merit: 1044

Quote from: ?? on ??

I cant understand this anonymous thing or the zero knowledge. If I sell you an Iphone, I have to send it somewhere right ? Hence, I know the buyer, but he doesnt know the seller.

Hi there, for info on ZERO can you please check my site BlackHalo.infp?! You will see there is a link to a pdf "How to explain Zero to your kids" and its a story of AliBaba and the 40 theives. Fantastic read. I promise after reading you will understand and LOVE zero knowledge proof.

BTC-Ninja

newbie

Activity: 40

Merit: 0

IDK I'm really this one. I bought in and thinking it will be an epic ride as these things come to fruition.

dzimbeck

legendary

Activity: 2412

Merit: 1044

Quote from: Momimaus on November 11, 2014, 07:19:57 PM

How much coins will stay by the development team?

What is the timeline for all this fantastic features? Will you be able to deliver these things before Ethereum and NXT?

BitHalo and BlackHalo were proudly a year ahead of Etherium but nobody noticed it. I'm capable of doing so many more advance contracts but my project just never got the attention or funding because I was new to the scene and Vitalik was around for years.

So the smart contracts are done. But there will be more types of contracts to come on top of that layer. I can add loops and I even know how to decentralize a fork. But im focusing on getting what I promised done first.

Mig-23

legendary

Activity: 1176

Merit: 1000

its very long time if ico presale only on one place
bter

altcoinUK

hero member

Activity: 784

Merit: 1000

If the ICO reaches 2000 BTC then that will indicate an enormous market acceptance and then I should be definitely part of this project! :-)))

Could we get clarification about the confirmation (block, transaction) times, how does that works with the hardware, i.e. is the hardware idle until the transaction is confirmed and when can we see a working software please?

I should ask these questions in the TileCoin and GadgetCoin thread as well ... I am betting on these coins.

levinhostar

member

Activity: 83

Merit: 10

they obv. faked the vol. on bter. GL guys.

Koontas

hero member

Activity: 784

Merit: 502

Quote from: issie81 on November 11, 2014, 07:53:07 PM

Quote from: Koontas on November 11, 2014, 07:49:45 PM

Quote from: issie81 on November 11, 2014, 07:47:22 PM

Looks like all 3000BTC are going to be sold out:)
this is sick but i kinda like it haha

I'd LOVE to know how you came to that conclusion. From what I can see, this will not reach even half the 3000 BTC and I am perfectly fine with that.

0.00000257 736415178.257 coin 1892.58701BTC
AFAIK there are all ready sold 1107.50 BTC this ICO has yet to complete the first day, the ICO will last till 15nov
Don't forget the rush all ICOs have at the end of the deadline it will be smashed... so can we say IF the 3000BTC is met, we have the biggest succesfull ICO ever?

Nope. Try again.

That is NOT how purchasing generally goes during ICO's... Big interest to start, drastically declines then picks up a little bit at the end.

I'm not being a naysayer but your justification is just wrong.

Also, there has been 662 btc of volume, not 1107.50 btc.

issie81

hero member

Activity: 760

Merit: 500

CryptoZilla

Quote from: Koontas on November 11, 2014, 07:49:45 PM

Quote from: issie81 on November 11, 2014, 07:47:22 PM

Looks like all 3000BTC are going to be sold out:)
this is sick but i kinda like it haha

I'd LOVE to know how you came to that conclusion. From what I can see, this will not reach even half the 3000 BTC and I am perfectly fine with that.

0.00000257 736415178.257 coin 1892.58701BTC
AFAIK there are all ready sold 1107.50 BTC this ICO has yet to complete the first day, the ICO will last till 15nov
Don't forget the rush all ICOs have at the end of the deadline it will be smashed... so can we say IF the 3000BTC is met, we have the biggest succesfull ICO ever?

Koontas

hero member

Activity: 784

Merit: 502

Quote from: issie81 on November 11, 2014, 07:47:22 PM

Looks like all 3000BTC are going to be sold out:)
this is sick but i kinda like it haha

I'd LOVE to know how you came to that conclusion. From what I can see, this will not reach even half the 3000 BTC and I am perfectly fine with that.

altcoinUK

hero member

Activity: 784

Merit: 1000

Quote from: ?? on ??

Quote from: Momimaus on November 11, 2014, 07:29:48 PM

Quote from: BitBay Team on November 11, 2014, 07:24:50 PM

Quote from: Momimaus on November 11, 2014, 07:19:57 PM

How much coins will stay by the development team?

What is the timeline for all this fantatsic features? Will you be able to deliver this things before Ethereum and NXT?

We'll have coins set aside for different parts of the project. Some coins will be sold immediately for working capital. For a time line, we can tell you that before the new year you'll have a new client that is multi-coin, has smart contracts and a marketplace.

Coins? How much? Percentages please?

And don´t you think that 64s blocktime is way to slow for festures like marketplace and smart contracts?

I was just about to ask this too. 10 confirmations too?

I was about to asking this too. I am very interested in hardware and IoT related coins, this is definitely the future, I like the BitBay, TileCoin and GadgetCoin projects.

The key question is, do these coins will work at all? If you want to operate a hardware you need real time control. If you want to turn off/on the light or execute a servo motor or open a hardware controlled door the real time control is a must. This coin claims 60 seconds confirmation time, Tile Coin claims 24 seconds transaction time (in the future) and GadgetCoin claims 1 second transaction time. As we all know, in hardware world even 1 second is very long time :-)))

As I said I am very interested, but I would like to see how the smart contract works in practice with BitBay, TileCoin and GadgetCoin. Probably all of them have future but the transaction time will be key in deciding which will be the most successful.

issie81

hero member

Activity: 760

Merit: 500

CryptoZilla

Looks like all 3000BTC are going to be sold out:)
this is sick but i kinda like it haha

passive-aggresive

newbie

Activity: 1

Merit: 0

Quote from: ?? on ??

Quote from: Momimaus on November 11, 2014, 07:38:03 PM

Quote from: BitBay Team on November 11, 2014, 07:31:49 PM

Quote from: Momimaus on November 11, 2014, 07:29:48 PM

Quote from: BitBay Team on November 11, 2014, 07:24:50 PM

Quote from: Momimaus on November 11, 2014, 07:19:57 PM

How much coins will stay by the development team?

What is the timeline for all this fantatsic features? Will you be able to deliver this things before Ethereum and NXT?

We'll have coins set aside for different parts of the project. Some coins will be sold immediately for working capital. For a time line, we can tell you that before the new year you'll have a new client that is multi-coin, has smart contracts and a marketplace.

Coins? How much? Percentages please?

That information will be kept private. I'm sure you understand.

Of course I don´t understand. Why should someone invest if he doesn´t know how many coins will be holded by devs (and take this risk of being dumped to death)?

And I don´t know what percentage of all coins I will get if I invest? Huh

??

There are 0 BAY coins kept by the devs. They are getting BTC not BAY. It is understandable why they will not tell you, how the btc will be distributed...

so what is they incentive 2 keep devving after ico? Grin

Momimaus

hero member

Activity: 767

Merit: 500

Never back down !!!

Quote from: BitBay Team on November 11, 2014, 07:31:49 PM

Quote from: Momimaus on November 11, 2014, 07:29:48 PM

Quote from: BitBay Team on November 11, 2014, 07:24:50 PM

Quote from: Momimaus on November 11, 2014, 07:19:57 PM

How much coins will stay by the development team?

What is the timeline for all this fantatsic features? Will you be able to deliver this things before Ethereum and NXT?

We'll have coins set aside for different parts of the project. Some coins will be sold immediately for working capital. For a time line, we can tell you that before the new year you'll have a new client that is multi-coin, has smart contracts and a marketplace.

Coins? How much? Percentages please?

That information will be kept private. I'm sure you understand.

Of course I don´t understand. Why should someone invest if he doesn´t know how many coins will be holded by devs (and take this risk of being dumped to death)?

And I don´t know what percentage of all coins I will get if I invest? Huh

??

BitBay Team

newbie

Activity: 56

Merit: 0

Quote from: Momimaus on November 11, 2014, 07:29:48 PM

Quote from: BitBay Team on November 11, 2014, 07:24:50 PM

Quote from: Momimaus on November 11, 2014, 07:19:57 PM

How much coins will stay by the development team?

What is the timeline for all this fantatsic features? Will you be able to deliver this things before Ethereum and NXT?

We'll have coins set aside for different parts of the project. Some coins will be sold immediately for working capital. For a time line, we can tell you that before the new year you'll have a new client that is multi-coin, has smart contracts and a marketplace.

Coins? How much? Percentages please?

That information will be kept private. I'm sure you understand.

Topic: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open - page 252. (Read 339472 times)