Topic: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open - page 42. (Read 339485 times)
December 12, 2014, 08:00:29 PM
Xc who, counter what? Lol
December 12, 2014, 08:00:19 PM
all those features are available right now in CounterParty
They're not really.
I never invested in XCP because I see it as a third party brokering service. For example XCP got a rise last month because it brought Etherium together with Bitcoin which on the face of it seems like a match made in heaven - the biggest technology of the future wedded to the biggest technology of the past.
But think about it. By investing in Counterparty, you're not gaining any stakeholding in either of the two original technologies - just the broker. So I left it alone because we have limited funds for hedging.
On the other hand Bitbay / Backcoin / Halo etc are original technologies and involve the original developer of those technologies. You DO get a stakeholding in them plus if you're technical like me, it can be quite interesting following the whole project development and trying new stuff out regardless of its valuation.
Bitbay also has a potentially killer market by directly targeting a specific sector the way it does. That's always a very powerful lever in software development because you don't have to generalise all the solutions to solve every possible problem - the business logic that has to be supported is always well defined. This makes for rapid progress towards both project and marketing milestones and should not be tossed away lightly.
That's why I'd like this work to continue because it does have some authentic aspects to it who's merits potentially far outweigh the nonsense politics of the IPO.
You do get stakeholding with CounterParty though; even if CounterParty is an abstraction layer on-top of bitcoin rather than it's own blockchain (which is a great thing, because you have full compatability with that protocol= can send and retrieve assets on normal BTC addresses, export to BTC paper wallets or armory cold-storage etc and benefit from hundreds of PetaHash worth of min )
XCP is the token required to use some features of the CounterParty protocol. Just like BTC is required to use some features of the Bitcoin protocol. It's the protocol that's the real valuable thing, the token is just the share of ownership of the value in the protocol. Aside from the ethereum features CounterParty was completely developed from scratch, not just another junk scrypt clone with features tacked on top like many of the offerings on this forum today.
Ethereum created a smart contract framework written in the serpent language; which is essentially python. These serpent smart contracts do not exist on any main-net only on ETH testing grounds, where they will plan to be executed when ethereum is ready.
CounterParty essentially ported this turing complete language to be able to run on Bitcoin just as a bonus- that is completely a side feature to it's initial offerings . It was never promised, never advertised just silently added one day. So now you have a choice to spend XCP to run smart contracts on the proven battle tested Bitcoin blockchain or spend ETH to run it on Ethereum blockchain. XCP spent on smart contracts gets distributed amongst all holders, and XCP is already not only inflationary but actively deflationary (asset issuance & tx fees all consume small amounts of XCP) . You obviously wouldn't be getting a stake in ETH since there is no requirement for ETH, that doesn't mean you are investing in a broker however.
Just looking at the features BitBay is supposedly offering in the flashy graphics in OP:
Decentralized marketplace- CounterParty was the first to release a decentralized crypto exchange, with deterministic order matching - https://counterwallet.io/
Decentralized, trustless sports betting CounterParty, was the first to release - https://bitcointalksearch.org/topic/xbetio-the-worlds-first-distributed-betting-application-645322
Bartering - (commodities exchange) - CounterParty enabled this a long time ago too, here is one example: http://www.digitaltangibletrust.com.
- Buy gold or silver with cash (USD, GB, EURO) or bitcoins from our reputable Gold & Bitcoin trading partners
- Receive and trade gold or silver tokens on your bitcoin address at an exchange or sell your gold tokens for bitcoins
- Secure all your gold or silver under bonded and insured custody with daily Proof of Custody
Same story with derivatives, smart property, IOT, although all are in such nascent stages right now. Trustless international trade is a given, same with banks. employment contracts are possible with smart contracts although a bit of a pipe dream outside of die hard crypto fetishists, same with lawyers.
Maybe it sounds like I have a hard on for XCP, but it's just an example- Everything offered here is just re-hypothecation of existing tech, with marketing pizzaz on top so the noobs lap it up. These kind of scams have been going of for so long it's incredible there is still a supply of suckers left to bleed dry.. after the countrycoins and anoncoins now it's the turn of smart contract scams and shitcoins..
and you think this thread is the best place to advertise XCP?!
lolOf course not, a scamcoin thread is the worst place to advertise anything, I'm just curious what percentage really put any money here (and why) and how many were just shills, but I still don't get what the point is to inves in whitepapers, full of buzzwords ICO's, presales when the actual technology is proven existing and working now. No chance for the devs to run away with your funds investing in proven tech with identifiable players. insane that crypto scene is still likea bunch of ADHD kids in a candy store...it's like few years ago all kids want to buy beats by dre, they don't care about time proven bose, sennheiser just the latest and greatest hype. I think it's another valuable lesson taught by the guys who masterminded this fraud, a lesson that has already happened many times in crypto world so far and will probably be told another 50 times over before darwinism weeds out those that don't have idea of undertaking due-diligence before pouring their money down the drain.
Just skimming through the post now you can see obvious crap a serious project would never write, not that there wasn't enough red flags posted dozens of times already.
Quote
Furthermore, we use our contact list from Alibaba to help populate all the decentralized markets. BitBay is positioned to replace current online auction websites once the world recognizes the true utility of basing trust on Satoshi’s blockchain tech
insane that some players networked together and managed to make cool quarter of a million $ off few hours of work a day typing, making calls, outsourcing and generally bullshiting. I thought that kind of scam died long ago.
December 12, 2014, 07:52:53 PM
all those features are available right now in CounterParty
They're not really.
I never invested in XCP because I see it as a third party brokering service. For example XCP got a rise last month because it brought Etherium together with Bitcoin which on the face of it seems like a match made in heaven - the biggest technology of the future wedded to the biggest technology of the past.
But think about it. By investing in Counterparty, you're not gaining any stakeholding in either of the two original technologies - just the broker. So I left it alone because we have limited funds for hedging.
On the other hand Bitbay / Backcoin / Halo etc are original technologies and involve the original developer of those technologies. You DO get a stakeholding in them plus if you're technical like me, it can be quite interesting following the whole project development and trying new stuff out regardless of its valuation.
Bitbay also has a potentially killer market by directly targeting a specific sector the way it does. That's always a very powerful lever in software development because you don't have to generalise all the solutions to solve every possible problem - the business logic that has to be supported is always well defined. This makes for rapid progress towards both project and marketing milestones and should not be tossed away lightly.
That's why I'd like this work to continue because it does have some authentic aspects to it who's merits potentially far outweigh the nonsense politics of the IPO.
You do get stakeholding with CounterParty though; even if CounterParty is an abstraction layer on-top of bitcoin rather than it's own blockchain (which is a great thing, because you have full compatability with that protocol= can send and retrieve assets on normal BTC addresses, export to BTC paper wallets or armory cold-storage etc and benefit from hundreds of PetaHash worth of min )
XCP is the token required to use some features of the CounterParty protocol. Just like BTC is required to use some features of the Bitcoin protocol. It's the protocol that's the real valuable thing, the token is just the share of ownership of the value in the protocol. Aside from the ethereum features CounterParty was completely developed from scratch, not just another junk scrypt clone with features tacked on top like many of the offerings on this forum today.
Ethereum created a smart contract framework written in the serpent language; which is essentially python. These serpent smart contracts do not exist on any main-net only on ETH testing grounds, where they will plan to be executed when ethereum is ready.
CounterParty essentially ported this turing complete language to be able to run on Bitcoin just as a bonus- that is completely a side feature to it's initial offerings . It was never promised, never advertised just silently added one day. So now you have a choice to spend XCP to run smart contracts on the proven battle tested Bitcoin blockchain or spend ETH to run it on Ethereum blockchain. XCP spent on smart contracts gets distributed amongst all holders, and XCP is already not only inflationary but actively deflationary (asset issuance & tx fees all consume small amounts of XCP) . You obviously wouldn't be getting a stake in ETH since there is no requirement for ETH, that doesn't mean you are investing in a broker however.
Just looking at the features BitBay is supposedly offering in the flashy graphics in OP:
Decentralized marketplace- CounterParty was the first to release a decentralized crypto exchange, with deterministic order matching - https://counterwallet.io/
Decentralized, trustless sports betting CounterParty, was the first to release - https://bitcointalksearch.org/topic/xbetio-the-worlds-first-distributed-betting-application-645322
Bartering - (commodities exchange) - CounterParty enabled this a long time ago too, here is one example: http://www.digitaltangibletrust.com.
- Buy gold or silver with cash (USD, GB, EURO) or bitcoins from our reputable Gold & Bitcoin trading partners
- Receive and trade gold or silver tokens on your bitcoin address at an exchange or sell your gold tokens for bitcoins
- Secure all your gold or silver under bonded and insured custody with daily Proof of Custody
Same story with derivatives, smart property, IOT, although all are in such nascent stages right now. Trustless international trade is a given, same with banks. employment contracts are possible with smart contracts although a bit of a pipe dream outside of die hard crypto fetishists, same with lawyers.
Maybe it sounds like I have a hard on for XCP, but it's just an example- Everything offered here is just re-hypothecation of existing tech, with marketing pizzaz on top so the noobs lap it up. These kind of scams have been going of for so long it's incredible there is still a supply of suckers left to bleed dry.. after the countrycoins and anoncoins now it's the turn of smart contract scams and shitcoins..
and you think this thread is the best place to advertise XCP?!
lol December 12, 2014, 07:44:33 PM
all those features are available right now in CounterParty
They're not really.
I never invested in XCP because I see it as a third party brokering service. For example XCP got a rise last month because it brought Etherium together with Bitcoin which on the face of it seems like a match made in heaven - the biggest technology of the future wedded to the biggest technology of the past.
But think about it. By investing in Counterparty, you're not gaining any stakeholding in either of the two original technologies - just the broker. So I left it alone because we have limited funds for hedging.
On the other hand Bitbay / Backcoin / Halo etc are original technologies and involve the original developer of those technologies. You DO get a stakeholding in them plus if you're technical like me, it can be quite interesting following the whole project development and trying new stuff out regardless of its valuation.
Bitbay also has a potentially killer market by directly targeting a specific sector the way it does. That's always a very powerful lever in software development because you don't have to generalise all the solutions to solve every possible problem - the business logic that has to be supported is always well defined. This makes for rapid progress towards both project and marketing milestones and should not be tossed away lightly.
That's why I'd like this work to continue because it does have some authentic aspects to it who's merits potentially far outweigh the nonsense politics of the IPO.
You do get stakeholding with CounterParty though; even if CounterParty is an abstraction layer on-top of bitcoin rather than it's own blockchain (which is a great thing, because you have full compatability with that protocol= can send and retrieve assets on normal BTC addresses, export to BTC paper wallets or armory cold-storage etc and benefit from hundreds of PetaHash worth of security protecting nearly 5 billion $ )
XCP is the token required to use some features of the CounterParty protocol. Just like BTC is required to use some features of the Bitcoin protocol. It's the protocol that's the real valuable thing, the token is just the share of ownership of the value in the protocol. Aside from the ethereum features CounterParty was completely developed from scratch, not just another junk scrypt clone with features tacked on top like many of the offerings on this forum today.
Ethereum created a smart contract framework written in the serpent language; which is essentially python. These serpent smart contracts do not exist on any main-net only on ETH testing grounds, where they will plan to be executed when ethereum is ready.
CounterParty essentially ported this turing complete language to be able to run on Bitcoin just as a bonus- that is completely a side feature to it's initial offerings . It was never promised, never advertised just silently added one day. So now you have a choice to spend XCP to run smart contracts on the proven battle tested Bitcoin blockchain or spend ETH to run it on Ethereum blockchain. XCP spent on smart contracts gets distributed amongst all holders, and XCP is already not only inflationary but actively deflationary (asset issuance & tx fees all consume small amounts of XCP) . You obviously wouldn't be getting a stake in ETH since there is no requirement for ETH, that doesn't mean you are investing in a broker however.
Just looking at the features BitBay is supposedly offering in the flashy graphics in OP:
Decentralized marketplace- CounterParty was the first to release a decentralized crypto exchange, with deterministic order matching - https://counterwallet.io/
Decentralized, trustless sports betting CounterParty, was the first to release - https://bitcointalksearch.org/topic/xbetio-the-worlds-first-distributed-betting-application-645322
Bartering - (commodities exchange) - CounterParty enabled this a long time ago too, here is one example: http://www.digitaltangibletrust.com.
- Buy gold or silver with cash (USD, GB, EURO) or bitcoins from our reputable Gold & Bitcoin trading partners
- Receive and trade gold or silver tokens on your bitcoin address at an exchange or sell your gold tokens for bitcoins
- Secure all your gold or silver under bonded and insured custody with daily Proof of Custody
Same story with derivatives, smart property, IOT, although all are in such nascent stages right now. Trustless international trade is a given, same with banks. employment contracts are possible with smart contracts although a bit of a pipe dream outside of die hard crypto fetishists, same with lawyers.
Maybe it sounds like I have a hard on for XCP, but it's just an example- Everything offered here is just re-hypothecation of existing tech, with marketing pizzaz on top so the noobs lap it up. These kind of scams have been going of for so long it's incredible there is still a supply of suckers left to bleed dry.. after the countrycoins and anoncoins now it's the turn of smart contract scams and shitcoins..
December 12, 2014, 07:36:31 PM
Mac Wallet with contracts imminent ?
December 12, 2014, 07:28:46 PM
[11/3/2014 6:29:40 PM] David Zimbeck: i just wanted to make sure my name is not used for profit
[11/3/2014 6:30:03 PM] David Zimbeck: because it could harm my reputation otherwise
It's clear David that they had already planned on using your name to hype the coin and then dump. But they got mad when they figured out you got 10% of bay on top of your initial btc. So they threw a fucking tantrum and brought the curtains down to try and throw you under the bus while your trying to cover their ass and try to keep from exposing Steven and Lin. I've read all the logs and all I can see is the pumped you too. They hyped u to think thy we're gonna be behind you and your tech and take this project to super stardom and I elieve it could have worked even if it was started on shady ground. Buying your own ICO to make it look more inticing to investors is criminal.
The really fucked up part to me is where Bob promises Lin in the beginning to not expose the btc address where he released the ICO funds early and trying to upstage David he releases the logs with convos between bob and Lin and those to me are the most damaging and the most criminal. You sold out your partners because your pissed the only talent in the coin got more bay than you? N then I try to extort the bay from David so oh would have more to dump? Fuckin outrageous pompas asshole. You ae a text book sociopath when no reguard for who you hurt. This could very well destroy Bter. It's still hard to digest this all but I'm sure this was not the first coin to go this path, bob leaves a long trail of destruction begin him and that you guys trusted him when he openly admits what he does. I understand you say you didnt know who he was before but I found out about bob shortly after I came to crypto, he's fucked more people than the pope. I hope you have learned a hard lesson about lookin into who you do business with because ultimately they can bring u down with them and I know put a better person that David.
[11/3/2014 6:30:03 PM] David Zimbeck: because it could harm my reputation otherwise
It's clear David that they had already planned on using your name to hype the coin and then dump. But they got mad when they figured out you got 10% of bay on top of your initial btc. So they threw a fucking tantrum and brought the curtains down to try and throw you under the bus while your trying to cover their ass and try to keep from exposing Steven and Lin. I've read all the logs and all I can see is the pumped you too. They hyped u to think thy we're gonna be behind you and your tech and take this project to super stardom and I elieve it could have worked even if it was started on shady ground. Buying your own ICO to make it look more inticing to investors is criminal.
The really fucked up part to me is where Bob promises Lin in the beginning to not expose the btc address where he released the ICO funds early and trying to upstage David he releases the logs with convos between bob and Lin and those to me are the most damaging and the most criminal. You sold out your partners because your pissed the only talent in the coin got more bay than you? N then I try to extort the bay from David so oh would have more to dump? Fuckin outrageous pompas asshole. You ae a text book sociopath when no reguard for who you hurt. This could very well destroy Bter. It's still hard to digest this all but I'm sure this was not the first coin to go this path, bob leaves a long trail of destruction begin him and that you guys trusted him when he openly admits what he does. I understand you say you didnt know who he was before but I found out about bob shortly after I came to crypto, he's fucked more people than the pope. I hope you have learned a hard lesson about lookin into who you do business with because ultimately they can bring u down with them and I know put a better person that David.
December 12, 2014, 07:20:23 PM
Lol I wonder where Japan learned those economics toknormal
Does the bold type indicate that you think Japan learned those economics from me ?
December 12, 2014, 07:14:30 PM
many will still go the denial road, they don't like the truth rubbed in their faces
I am going the denial road.
December 12, 2014, 07:11:07 PM
stuff
+1
many will still go the denial road, they don't like the truth rubbed in their faces
December 12, 2014, 07:07:31 PM
Steven bought 0.44B coins from the ICO on bter using a PHANTOM bter account loaded with PHANTOM btc...
so over 1200 btc volume was faked at least.. and all by steven!!!
so over 1200 btc volume was faked at least.. and all by steven!!!
Jeez. That's bad - almost as bad as the Central Bank of Japan creating fake volume by printing fake money to buy Japanese Government debt (but not quite
) December 12, 2014, 07:05:11 PM
Also Bob is equally making his friend Gekko look bad. The only reason i defended this project was because there as absolutely no way to proceed otherwise. All of these peoples reputations were at risk. Bob threatens BTER to release chat logs. Its like social suicide.
December 12, 2014, 06:36:11 PM
December 12, 2014, 06:20:52 PM
I think bob really wanted to pump the coin as planned but he also started dumping as he saw that bter guy dumping his 440 million bitbay he bought with phantom bitcoin, right? He may have seen that he has no chance against it.
So this bter guy is the biggest scammer in that case?
It's worrying more and more. The scammer scammed themselves and all other people, too.
So this bter guy is the biggest scammer in that case?
It's worrying more and more. The scammer scammed themselves and all other people, too.
December 12, 2014, 06:17:26 PM
He is cherry picking the logs thats why it takes him so long to get them. Just like his paid FUD team. Meanwhile he STILL has 691 BTC of ICO money.
That's a quarter of a million dollars in case anyone can't count.
In "scams" the usual path for the money to take is *from* the scammed *to* the scammer
Therefore a shortcut to wading through all of Bob's epic screenplays presents itself - just find out where the money ended up.
CLUE:
Ima sell all my bay
December 12, 2014, 06:16:50 PM
where is the new thread
December 12, 2014, 06:15:03 PM
That's worth clarifying. Bob or his team currently owns the Bitbay team account. Mind you, that also the account that moderates this thread.
December 12, 2014, 06:13:16 PM
the new bitbay official forum is https://bitcointalksearch.org/topic/bitbay-official-bitbay-thread-smart-contracts-decentralized-markets-rolling-peg-890531
this comment will get delete 100% sure so hope you see it before it does
https://bitcointalksearch.org/topic/bitbay-official-bitbay-thread-smart-contracts-decentralized-markets-rolling-peg-890531
this comment will get delete 100% sure so hope you see it before it does
https://bitcointalksearch.org/topic/bitbay-official-bitbay-thread-smart-contracts-decentralized-markets-rolling-peg-890531
December 12, 2014, 06:07:43 PM
Here are a few more chats for you guys to look over...
I'll release more and more over the coming days and weeks and I'll save the best for last!!
I'll release more and more over the coming days and weeks and I'll save the best for last!!
lol, happy for you to waste your time here and post your logs. But the community has seen all they need and we are well aware of the who played what role in this. Maybe you think your innocent in this and are the liberator of information. The reality is you are digging the hole much deeper for yourself and once the logs are public there is no going back.
He is cherry picking the logs thats why it takes him so long to get them. Just like his paid FUD team. Meanwhile he STILL has 691 BTC of ICO money.
December 12, 2014, 06:05:28 PM
Just shoot them all and let god sort out the mess.
December 12, 2014, 06:02:23 PM
the new bitbay official forum is https://bitcointalksearch.org/topic/bitbay-official-bitbay-thread-smart-contracts-decentralized-markets-rolling-peg-890531
this comment will get delete 100% sure so hope you see it before it does
https://bitcointalksearch.org/topic/bitbay-official-bitbay-thread-smart-contracts-decentralized-markets-rolling-peg-890531
this comment will get delete 100% sure so hope you see it before it does
https://bitcointalksearch.org/topic/bitbay-official-bitbay-thread-smart-contracts-decentralized-markets-rolling-peg-890531
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