Do you think in coming time this will hold the advantage over bitcoin anytime ?
How many coins will be in circulation and the time period?
How many coins will be in circulation and the time period?
There are many advantages over bitcoin...
- The main advantage is that the developer plans on pegging the value of the coin. Price will still fluctuate based on supply and demand, yet the rolling peg will stabilize the volatility. We call this rolling peg technology, "User Value Protection", or UVP.
- One of the main concerns of bitcoin is the volatility. Most merchants who accept Bitcoin, exchange it immediately for fiat as soon as they receive the transaction because they can't afford to gamble their profits away to Bitcoins price instability.
There are just over 1 billion BitBays in circulation. It is a Proof of Stake coin, so no mining hardware is needed to earn more coins - you just have to keep your wallet running on your computer and you will earn around 1% more per year.
Currently BitBay has 2 different wallets. The standard Bitcoin style "QT wallet" and the developer's new wallet, "Client", that is unmatched to any other crypto-currency in existence.
If you purchase BitBay you can stake your coins in the "QT wallet". Yet, the developer will soon implement cold staking technology for the "Client". This makes your wallet virtually unhackable. This will even allow for crypto exchanges to stake BitBay's safely while trader's trade.
Lots of perks can come from this.
The client is very user friendly. It has 92 different languages to choose from. These languages can be edited to your liking. No other crypto wallet can compare to this feature.
The developer is very busy finishing up the "Client's" market templates. These are forms designed to help create contracts for specific purposes. See images below for a better idea.
The beauty of BitBay is that it's not vaporware. It's real and nearing completion - hopefully by the end of this year.
See for yourself! And feel free to download the client to test it out!
I've currently got a faucet built into the client. So if you want 1000 FREE BitBays, download the client and simply accept my faucet contract. If you need any help feel free to ask.
The price of the peg value is yet to be determined. But for example, if we peg the value to 0.01 USD, then the faucet would be giving you 10.00 USD for free!
Here are some screenshots of the client:
Forms can be complex or simple depending on what is selected which reveals hidden sections.
https://i.imgur.com/vpw5vVm.jpg
Same form with less selected...
https://i.imgur.com/zdVVEDq.jpg
With cash deals, you need to supply funding info... but this info in withheld until the deal funds
https://i.imgur.com/CDvHp75.jpg
Standard employment contract. The unique feature here is automated payments with submission of progress reports.
https://i.imgur.com/xJjIC0P.jpg
A Standard Sellers contract... its been recommended most people will want to debate shipping while in escrow, not before
https://i.imgur.com/Arid7xP.jpg
Wanna see something cool?! How about a reverse auction!? This can attract traffic to the market.
https://i.imgur.com/virQBTY.jpg
The most INTENSE contract... bartering. Very complex for me to code this. We can figure out how much gold is worth an avocado. Goods/Services can be matched. The only thing is, since both parties ship things, there is no real way to calculate shipping, its assumed to be part of the price for now or it gets sorted out in escrow.
https://i.imgur.com/ivnW6CX.jpg
Adding an item might be more advanced or not depending on the item. My idea is to encourage farm co-ops.
https://i.imgur.com/oRS69pI.jpg
The software magically knows what everything is worth and barters the items. You make your offer to the seller on this screen.
https://imgur.com/SI3uAia
Finally a way for satoshi to realize his dream, which is to cut out the middleman. BitBay can finally do that!
Welcome to the future of Crypto-currency!
