Topic: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open - page 93. (Read 339472 times)

So, in the end you only care how much your coin is worth. As I said, you don't think long term. You can't ask for stability within a young market without proper distribution.

You are very wrong. This is not about pump and dump. Pumps and dumps are nothing but freemarkets. You are better with FIAT if you don't like pump and dumps, or with GOLD. Pumps and dumps are still creating distribution, which result in more healthy market.

To limit the volume in both ways is a BIG mistake. Yes you don't have your evil pump and dumps that everyone fear, but in the same time you won't have distribution.

Whales are no the problem my friend into this market right now. I invested around 50 BTC into this. Do you consider me a whale? I don't consider myself a whale. Whales are not a problem within a 400k marketcap coin. Whales starts to be a problem from 10m marketcap coin because they can damage the coin.

This volatility is generated by daytraders. This is a new kind of game.

In the past, the things worked differently. They changed the game.

- They are not pumping the markets with bots anymore, they are creating volatility and they are milking BTC out of the market. BUT this is working only on fresh markets with low distribution. That's why we don't see those 2-3x price increase after the ICO. Because the players don't make money like this anymore if everybody expects to dump for 2-3x ASAP after the ICO ends.

Believe me, a coin will die as soon as the distribution stops. With a pegging system so early present, the distribution will stop very fast. The tech will come, but new investors will not wait days to invest few BTC. They will look for another investment. And this is how you kill the coin.

BTC/BAY has nearly triple the volume of any other coin on Bittrex... That's something to keep in mind even if the price is low. I am happy where we are as an investor, personally.

David. This is another vote for focusing on the important stuff first. Pegging can wait.

Of course.

However I have decided to hit some obvious milestones. The pegging intiative I'm gonna start specing it out simultaneously and we will revisit this subject.

You take away the advantage whales enjoy in the short term. Whales can manipulate and set walls. By limiting that volume you're freeing up that game for everyone.

A dump is meant to create wallet inequality followed by an increase in price. The richest wallets get richer during a dump. They're the ones scooping up coins during a firesale.

A pump is meant to create wallet equality in order to get out of a coin which is usually followed by a decrease in price. The more bagholders the merrier.

To limit the volume in both ways you're basically spoiling the game for short-traders. Whales can't get out of their own dumps as easily and they can't reap as many coins during their pumps.

the problem with the fake volume is, hardly anyone ever follows it. its utterly stupid.

It's pretty obvious from his post that there isn't one or two person working on it. It definitely looks like big project with solid long term goal in mind. David said that THEY had him fill out tech stuff in FAQ and then there is THIS guy who is kind and hired him.

It's safe to say that these guys are not playing around and they're serious about the project regardless of obstacles that comes in their way. Only time will tell the rest.

In one post David also mentioned that these guys are well connected. Truth be told they've assigned David a job of  Lead Dev and he wouldn't know much about what's going on in marketing side or other side for that matter. It's just like working in big corporation where HR doesn't know what IT is doing and vice versa.

It could also be possible that their original plan was to create a competitor site to Alibaba but then they heard about decentralized marketplace and thought it would be a good idea to combine both of them and that's when they hired David.

I agree and from what I have noticed myself, the fake volume only happens when people are active on the forum. So it must be someone who is online now.

The wallet works just fine. There was a very minor bug with sending contracts directly to a bitbay address and it was instantly fixed. I'm pushing out another update to make the question mark buttons work in a moment. As for "Halo schill accounts" that is retarded i was in BC for a year. Go read the BC subreddit that was NOT my initiative nor is it my interest.

I'm not in charge of marketing. I dont "flame on the net", i was asked to post here which is personally a big waste of my time especially seeing comments like these. And im pretty sure i know where this comment comes from and who coached it.

How can you create distribution with pegging? You are limiting the volume available to be moved from hand to hand. How can that create distribution?

There is no debate here. There are the ones who want out because they did not made 3254x out of their 0.5 BTC investment demanding pegging. Most of them don't even understand the concept. They want out as fast as possible.

so much fake volume. 

Bumped from the other thread. Worth noting:

I think it's up for debate whether it's pegging or free market that's better for distribution. So far I've only seen volatility increase wallet inequality not lower it. Dogecoin being a prime example of that.

that is good pump.  but waiting for the order to get filled yet 

+1 Stick to the task.

Absolutely stick to the task!!!!
There is no investor protection without coin distribution. Right now the coins distribution is low. Pegging will destroy the market.

So don't touch the pegging thing right now. I get it, there are desperate people who want to get out and ask for this thing. Fuck them, let them dump or shit. Nobody cares. DISTRIBUTION is a big factor and it's lacking right now. Add a pegging to that and you've kill it. You'll have whales owning tons of coins milking monkey from the newcomers forever.

Let the distribution grow a little. Start the marketplace first. Don't do such a mistake because morons are crying. They are crying all time because they can't make 10x profit in one month for their 0.5 BTC investment.

You are an idiot. That is the cold storage from BTER ))))
What a moron. Stop using crypto you idiot.

link at the end of the article points to the old bitbay site.

Wallet works. Please chillout.

http://www.spookycoins.com/bitbay-smart-contracts/

Yes, Every time a milestone reaches 33% will be released according to FAQ. That should give you enough confidence in the project and know that marketplace will be released around the time they said it would be released or they won't get the fund from Bter as agreed upon.

There is no way to tell what you're asking unless Bter agrees to disclose that info and for that you'll have to contact them and see what you can get.