Topic: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open - page 258. (Read 339472 times)

^ very good post.

I have full trust in David, but the rest of the bunch is almost as if they're trying their best to seem like a scam.

Awesome thanks for the reply.  Again although vague.  Majority is not good enough, as whoever you are has no risk here. The only risk is the public's and Davids.
I am not speaking on his behalf here in anyway, just know that he is an integral part of cryptos in general, and do not want to see him shoved through the mud, by the assault of trolls that will come if the ICO is completed at anything less then perfection.  Which is the program you are selling in your ICO; trustless perfection.  To use it to mitigate these risks would seem logical.

Of course it is everyone's perogative to invest or not. That is not the issue.  The issue would of course be, the actual implementation of this project into your own marketing strategy, and 'business' structure involving control of the public funds.

If its smart contracts you're selling, (of course among other things) the entire project should be run with them to stand by your project and the developer creating the core of it.  I would believe involving smart contracts, public transparency on all aspects of every contract, would be quite easily produced for public review.  After all it is their/our money.  

Again, as much as i would love to believe your 17th post 'We are a team of VERY talented people', 'well most of the money will have a multisig'; im sorry but it presently has no merit.

There is no plan for this in your brilliant marketing.  (I assume this is what you mean by talented, it is quite good)

Cryptos cannot afford another failed ipo, especially in the dire need to see a project like this succeed.
This is why i am speaking and asking.

Again thank you for your reply.  Just figure you can do better then.. 'well, don't invest if you don't wanna. the lead dev has a say in most of it..'
 His ass. Should be his show.

 The entire project should be laid out in smart contracts based on this premise.


edit: 14th post

Our german ANN-thread is up:

https://bitcointalk.org/index.php?topic=854140.new#new

We understand your concern. We have a team of VERY talented people. Mr Zimbeck heads up our development side and as such he will have his own account with funds set aside for the purpose of bitbay coin development. We have a marketing side which will have some funds set aside for them as well. The majority of the funds will be held in our new wallet with multi-sig. David will have one of those keys and a voice as to how funds are spent.

It's your prerogative to invest or not. We are not forcing anyone to invest. If you chose to do so that you that on your own volition.

Absolutely.  That's more then most would do. (-;

What about this?

Transfer complete control of the entire ICO to David, and have smart contracts written for the funding of the various projects and development needed.


I know we are building a trustless, decentralized system, but in this case; and to begin with, there is still a massive amount of human trust needed to launch this project efficiently.  In cryptos, trust is built by successful and field tested developers, which David is.

I believe with the smart contracts in place and the control, being given to the designer of the project; public transparency and trust could be adequately achieved with little to no question on the merit of the project, with superior program efficient control of all funds.

At this point, I can see a troll storm comin... and newbie dev team with a fistful of public money, well, it'll feed the hurricane.

As shallow as it seems, I would not give 5$ to a newbie dev ico.

For Zimbeck, I would consider an adequate investment as he is an extremely respected and long standing member of the crypto community.  He is also is beyond greed and truly has a passion for the completion and implementations of the core of cryptocurrency philosophy.

This could be something huge, but right now it is unfortunately appearing not much more then rest, fancy looking marketing and maybes, without any backbone but the lead dev, who's credibility is completely alone and on the line.

The 'wait and see' investors, will be much smaller then the 'I believe in this investors'.

I want to believe. (-;

I believe in Zimbeck but Bitbay Team, A little more please.  

Well they did make a deposit. So thats a good start.

This is what I'm most excited about this coin for (among several other things).

Well coins are not all scams per se. This was one of my biggest mistakes I made trading. I thought because I was invested and Blackcoin was not a scam, that it would reflect in the price. It will, soon. I'm sure of it. Blackcoin will be top 10 again. And if Bay actually works hard they will also be one of the top. Blackcoin is the best coin in the world hands down. But look at what the manipulation did to it. We need to move away from a market of laziness to one of utility. I'm also a fan of Peercoin and Nubits. I guess there is no reason not to like Bitcoin but they could crash because of the technology limitations. Its a "crash or fork" type deal with Bitcoin. So really these markets reflect penny stocks. The only reason Bitcoin is doing well is because the news media has allowed it to be known. I suspect Bitcoin was actually created by the US. Govt. But I only have circumstantial evidence to that.

When they asked me about features, I recommended they pegged their price to the RMB. So since they could certainly get the connections if they wanted, in my opinion, it would be a bad idea for them to not fulfill their end of the bargain. Pegging to RMB or dollar can give this coin a billion dollar market cap and I will encourage them to take the necessary steps to do so. It would in turn, be great for BC because we would fix our volatility by having a stable hedge.

You should put this team on a smart contract. (-;

And yeah man totally understand, think last time I talked to you, you were buried in 700k lines worth of code, working utterly alone.

Personally, if the entire ico was to be held by you, I would feel more confident then with a newbie of 16 posts, unable to verify who they are until the completion of the ico.  If its your reputation, should be your bank as well. In the few conversations I've had with you, I'd trust ya with public money, including my own.
Not really sure how this ico is setup, a phantom, thoroughly engrained in china.. really isn't good enough for me personally.

And lol.. you should make new coins!!  just start shill accounts like everyone else does.. haha

I believe tho, your honest posts here should enough to keep the wolves at bay.  woops... no pun intended haha

Marked! and screenshot Saved.  Thanks

Sir.

This is the last time we will reply to you concerning our team and who's in it. We have already explained that our team members are located globally. Our connections in China run deep. I can assure you of this. We have a member who was a higher level employee at Alibaba and with him brings years of experience in that field. He also comes with many vendors who are already waiting for the marketplace to start selling goods worldwide and not need to rely on a third party or pay high fees just to be able to sell a product to someone in the UK. We'll be releasing some more information on our team members shortly. I recommend that you take Mr Zimbeck's advice and take the "wait and see" approach. It cant hurt.

We thank you for your concern and look forward to providing you with further info regarding the team at a later point.

Thanks David, you are the only reason I stay here and keep asking questions.  no more.
And I have very reliable leads to question this team. This is not only concern of bitbay/bter/tile/blk, but more. many ppl will involved sooner or later. I am not only in tile, but in many coins, including blk. but most of my recent holdings and once before are scams. I can dump them anytime. But i am serious investor anyway, and most survivals in current altcoin world are. My questions are their questions. These guys can revive the market if they still believe in something. if they are pissed off, every coin will turn to a mess.

If the team especially the Chinese member can prove his ability in Mainland China in one way or another, I would love to stop questioning or fudding, whatever they call it.

Thanks, but no need to feel sorry for me. You said yourself that you are here to troll.

Youve got a valid point here. There is a good amount of uncertainty. I'm the type to respect the privacy of my associates. From the discussions we had, their actions and the fact that I will be meeting one of the team members personally in a few weeks quells my superstitions. But hey, you never know where this coin is gonna go. Thats why just take a "wait and see" attitude. By the way, from the discussions I had with these guys, they are not really at all like Tilecoin. Mostly, we talked about mesh networks and seeing if we could get some manufacturers here in Asia to make routers, radio devices or special tethering phones with software on it to create a giant mesh network. If we can really do that, this coin will actually be worth more than money because mesh networks is about freedom. The idea of a mesh network and having no IP addresses is pretty much the liberation of the entire internet and Telcom industry. Not saying we will get that far but if they do well its in the road map.

I feel very sorry if you can not differ trolling from reasoning/questioning.  Maybe I am tough, but answer my questions.