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Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 101. (Read 542115 times)

legendary
Activity: 2412
Merit: 1044
Hey Munti, thanks for the reply.

The reason I'm wondering if I'm not on the right chains is because I use two other POS wallets, and while I occasionally get an unaccepted mine transaction on those, my BitBay wallet has had a number of mined transactions at this point, and none have been accepted. 
That's only happened on one occasion with one of my other POS wallets when I had forgotten to download the new wallet version and was told I was not on the correct chain on their slack.  After downloading the new version of that wallet, the issue went away and the majority of my transactions were accepted.

As far as I can tell, I'm on v2.0.0.0 of the QT wallet and I've left my wallet online since the earlier posts but none of my transactions have been accepted. 
I restarted the wallet to see if that fixed it, but everything is still coming through as a "?".

Any ideas how to fix it?  Or maybe it's just very common to have unaccepted transactions with the BitBay wallet?

When did you download our QT wallet? The updated wallet was after the first of November.
newbie
Activity: 27
Merit: 0
The BitBay exchange in Poland was started on March 29 2014.

See bitbay.net

https://en.bitcoin.it/wiki/BitBay  

They're expanding into India:
https://news.bitcoin.com/bitbay-exchange-enters-indian-cryptocurrency-markets/

The Bitbay Bay, your project's first post was on Dec 12 2014... the thread on BTC talk

but BitHalo was started on What May 29th 2014.

So still behind original Bitbay Exchange which started Mach 29th same year... Sad

What do you think the implications are, or was BitHalo / BitBay already having some manifestation prior to the date of March 29 2014?

How about changing it to BittBay
The extra 't' in BittBay could stand for Bit-Transfer-Bay [whatever]  coz looks like Bitbay Exchange predates your awesome blockchain!

 I'm sure they'll sue to suck up your market cap share...eh? Captain?

Dude what do you think? Dark Changed to Dash. I mean they'd sue if they saw your market cap and were sure of the copyright infringement case was strong against you, even if it was by accident its still a reality.... I just had to mention this, I mailed craig about it, damn it, he has to block my emails for real, lol. I'm a waste of time (I double post). And ye, I didn't read about the peg. Funnily I mentioned that I wanted a few years ago to create a  currency with 90% of the cap frozen, so the market liquidity would be 10%, thereby stabilizing and reducing volatility... But it would be unscrupulous if one where to be able to do so manually as per one's discretion, i.e. freeze a percentage... just an opinion, it might be seen as fraudulent.


lol deadclocktimeverify awesome dude!... There should be dropdown menus for all the tools, this is just too multi-functional and advanced man....

what about this new copyright issue, where you aware? I emailed your gmail account from the BitHalo site and said the same thing, so just delete those...
legendary
Activity: 2412
Merit: 1044
Hello, Mr. Zimbeck.

I know you are mentioning a Peg right.

I was thinking if you can't create some kind of "pragmatic peg" / dynamic peg? I mentioned this to craig but would love your response David. What I mean by this type of peg is that, you want the currency to be stable for traders, however investors also want to profiteer out of the currency. Why don't you make this, and I label it a dynamic or pragmatic peg, so that the value of the transaction remains the value at the time of the contract's creation, however the currency itself can continue to appreciate (or this peg may be a time-stamped OPTION for the traders / users of Bay rather than an ENFORCED standard/peg, what do you think?), while smart contracts lock up their value relative to the value at the time of their creation, and changes with the fiat changes or other changes, but in this lock or contract the BAYS would retain the old value at the time of the creation? Do you not think This would serve a better, unified dual purpose, kind of make the currency "two-handed"? I'm not very smart, so I'd love to tell you how this is maybe a stupid suggestion... But I think a peg could kill it as something that people want to POS stake their wallets in unless I think my suggestion can be successfully implemented? I don't want to impose my opinion that's why I'm asking, I really think it might be a good idea, although I'm not quite sure exactly what I mean, you see? Do you?

Also, the layout of the market really still. When you open it, I studied [also business linguistics in a 4 year BA in linguistics and literature] with and was also a web/graphics designer for years (my dad's a comp. science lecturer, I call him Cannibal Lecturer we don't get along - no, not Hannibal Lector...), and there is a "visual grammar" (a term used in business linguistics) and I can tell you now that your market place needs visual lay-out readjustments. If you are willing to listen to some advice regarding that I'd really appreciate if you'd PM me. I've had to create this new account as its been over a  year since I've been on here.... and my other details are just mangled and the damn security question threw me way off...!

AAaaanyways - who wants to hear my opinion? Its not about my opinion, its about what I know more mature business professionals will think about this software based merely on its appearance, this  in relation to business linguistics schemata (reference frameworks - I don't want to cite academic literature here). I don't want to be rude since I am also still young at heart but some of your "rants" regarding your defending your honour understandably from two treacherous rats, by them [your rants about the rats who envy you your integrity]  I could already guess that you were not already in your mid-thirties, but I didn't want to be rude and ask Craig, as I had peppered him with questions via email. Today I went to the "Team" section of bitbay.market and as I had guessed you're quite a young guy - with a lot of fucking integrity and pragmatism. Fuck, Mr. Cinderalla is home alone again on Saturday. God. Involuntarily hermitized by society. Oh well. I love being alone, but do sometimes feel lonely. Awooooooooooooooo HOOOOOO!!! HAHAHA!

And the mentioned details by cryptohunter are awesome but they are so intricate and futuristic that I'm afraid only technocrats would appreciate it. Its not an "intuitive software". It needs to somehow be more accessible to dimwits like myself due to its wide variety of use cases, especially making people understand that they don't need an executor of an estate in order for their children to receive the funds, but can actually trust a machine to do it? Most people wouldn't trust "a" machine, of course I use that as metaphor, I'm not being literal.


Hey there so you should look at the peg design and you will see it was designed for investors. It is a "rolling peg" similar to an economic crawling peg which means we can slowly cause the price to go up by freezing and unfreezing coins. It's a dynamic supply system. Also doing options on the chain won't necessarily force stability as they can be gamed.

We all agree with you on the GUI and will eventually want to reposition everything. Feel free to send feedback on low hanging fruit, what you think might help improve the visuals in the interim.

Haha I loved that comment about the treacherous rats. Indeed it was my instinct to defend my honor and perhaps I didn't have to and just let time prove otherwise. It's been an adventure I guess, it's almost automatic that those who are visionaries or have creative energy often find themselves alone or "hermitized". As for needing or not needing executors we already have "dead mans switch" supported in the software so you can will coins to someone else using checklocktimeverify. It's fully supported in our user interface, I think the first client ever to do so.
legendary
Activity: 2412
Merit: 1044
‘Triangulating’ ? ...lol  Cheesy... i guess this is GM chess brain 🧠 talking ... David must have studied his end games really hard Cheesy

Hahah I see you're using a chess name. You might be interested then in my puzzle work. You can find it here at www.zimbeckchess.com

Also the world triangulate can also be used for radio signals, computer vision and other fields and usually references using data from multiple locations to calculate the position of another. In chess triangulating happens more often when you are in zugzwang.

 Cool
sr. member
Activity: 1078
Merit: 310
AKA RJF - Member since '13
Off topic but please read:

"US Senate Moves to Criminalize Non-Disclosure of Cryptocurrency Ownership"

https://cointelegraph.com/news/us-senate-moves-to-criminalize-non-disclosure-of-cryptocurrency-ownership

Stand up and be heard! Stop this before it starts or we will all suffer the loss. Write, call, blog, post yell and scream. This must never see the light of day. For those of you in the US, it goes against every principle we believe in. Our country was founded on principles diametrically opposed to this proposed law.

"First they came for the Socialists, and I did not speak out—
Because I was not a Socialist."

"Then they came for the Trade Unionists, and I did not speak out—
Because I was not a Trade Unionist.

"Then they came for the Jews, and I did not speak out—
Because I was not a Jew."

"Then they came for me—and there was no one left to speak for me."

I simply can't stress how important it is to stop this nonsense. We are no better than the Nazi's if we enact this. Even if you are NOT in the US, this will effect you in due time if enacted. Make your voices heard!
hero member
Activity: 661
Merit: 504
Hey Munti, thanks for the reply.

The reason I'm wondering if I'm not on the right chains is because I use two other POS wallets, and while I occasionally get an unaccepted mine transaction on those, my BitBay wallet has had a number of mined transactions at this point, and none have been accepted.  
That's only happened on one occasion with one of my other POS wallets when I had forgotten to download the new wallet version and was told I was not on the correct chain on their slack.  After downloading the new version of that wallet, the issue went away and the majority of my transactions were accepted.

As far as I can tell, I'm on v2.0.0.0 of the QT wallet and I've left my wallet online since the earlier posts but none of my transactions have been accepted.  
I restarted the wallet to see if that fixed it, but everything is still coming through as a "?".

Any ideas how to fix it?  Or maybe it's just very common to have unaccepted transactions with the BitBay wallet?

It depends a lot on how much coins you have. If you have few, you will most often not get the reward. The network rewards 1% stake pr year. Those that stake 24/7 get more because they also get the reward others would have gotten if they had staked, so we guestimate you will end up with 3-5% pr year for staking 24/7. 5% is nice, but if you only have 1000 Bay that's 50 Bay for staking a year. With block reward at 20 Bay pr block you should on average win 2,5 blocks pr year. So only 2-3 times in a year you actually win the block based on this example.
newbie
Activity: 2
Merit: 0
Hey Munti, thanks for the reply.

The reason I'm wondering if I'm not on the right chains is because I use two other POS wallets, and while I occasionally get an unaccepted mine transaction on those, my BitBay wallet has had a number of mined transactions at this point, and none have been accepted. 
That's only happened on one occasion with one of my other POS wallets when I had forgotten to download the new wallet version and was told I was not on the correct chain on their slack.  After downloading the new version of that wallet, the issue went away and the majority of my transactions were accepted.

As far as I can tell, I'm on v2.0.0.0 of the QT wallet and I've left my wallet online since the earlier posts but none of my transactions have been accepted. 
I restarted the wallet to see if that fixed it, but everything is still coming through as a "?".

Any ideas how to fix it?  Or maybe it's just very common to have unaccepted transactions with the BitBay wallet?
full member
Activity: 225
Merit: 100
hey folks I am back around to do some (marketing) work on bitbay market in the near future.. I just got more coins and noticed there has been a hard fork..

I am having some problems loading the qt wallet to pull the coins I just got from the exchange..

"./bitbay-qt: error while loading shared libraries: libboost_system.so.1.55.0: cannot open shared object file: No such file or directory"

not sure how many ppl are running this on linux so I figured maybe it hasnt been reported yet. I am guessing it would happen to others also because it happens on two different machines.. PS I have libboost-dev installed on both ubuntus for dev work and no problems with other software that requires it. I would compile it myself but the instructions are sparse and maybe impossible(?) for regular use to compile from github? not sure I haven't dug too much yet.. the standalone ubuntu executable needs to be looked at by devs though ..

I plan to install the (new) full market client but I think I did try that and had some issue also perhaps same. It was a few days ago. I will try again and write back. the older versions I was running both work fine... but wont sync obviously Wink

update:

so yeah I am on the other machine now attempting to run bitbay-qt and getting a different likely the same error diff library:

"./bitbay-qt: error while loading shared libraries: libdb_cxx-5.3.so: cannot open shared object file: No such file or directory"

And with just a bit of research it is looking like a build issue and the solution from a glance as follows (a quote from a bitcoin build issue on github)


"
 laanwj commented on Apr 28, 2014

The runtime library cannot find the .so file. There are [at least] two ways to specify the dynamic linker search path. The environment variable LD_LIBRARY_PATH (only in that session) as well as (globally) adding the path to `/etc/ld.so.conf'.

export LD_LIBRARY_PATH="$LD_LIBRARY_PATH:/usr/local/lib"

In general: If you build BerkeleyDB from scratch, build only the static library (--with-static) not the shared one (--without-shared). It will not need the static library at runtime, which makes the executable more self-contained (this is the same as done for the gitian builds).
"

update 2: looks like I don't need a solve on the qt wallet. The market client is running great I will just send the coin there. See you on the other side Wink
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
Hey guys,

This project is very promising, we really need a decentralized marketplace.
Do you have already a beta marketplace working?
If not, when you pretend to lunch?

Maybe I would get the answer reading to all posts but there are too much xD


If you check the op there is the mac link to the working marketplace wallet

or if you have a pc

http://www.davtonia.com/Bitbay/bitbaywin.zip


I'm not sure why these are not hosted on github but maybe they are too big or something. That is davids own website


How did you find out about bitbay if i may ask?
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
Hello, Mr. Zimbeck.

I know you are mentioning a Peg right.

I was thinking if you can't create some kind of "pragmatic peg" / dynamic peg? I mentioned this to craig but would love your response David. What I mean by this type of peg is that, you want the currency to be stable for traders, however investors also want to profiteer out of the currency. Why don't you make this, and I label it a dynamic or pragmatic peg, so that the value of the transaction remains the value at the time of the contract's creation, however the currency itself can continue to appreciate (or this peg may be a time-stamped OPTION for the traders / users of Bay rather than an ENFORCED standard/peg, what do you think?), while smart contracts lock up their value relative to the value at the time of their creation, and changes with the fiat changes or other changes, but in this lock or contract the BAYS would retain the old value at the time of the creation? Do you not think This would serve a better, unified dual purpose, kind of make the currency "two-handed"? I'm not very smart, so I'd love to tell you how this is maybe a stupid suggestion... But I think a peg could kill it as something that people want to POS stake their wallets in unless I think my suggestion can be successfully implemented? I don't want to impose my opinion that's why I'm asking, I really think it might be a good idea, although I'm not quite sure exactly what I mean, you see? Do you?

Also, the layout of the market really still. When you open it, I studied [also business linguistics in a 4 year BA in linguistics and literature] with and was also a web/graphics designer for years (my dad's a comp. science lecturer, I call him Cannibal Lecturer we don't get along - no, not Hannibal Lector...), and there is a "visual grammar" (a term used in business linguistics) and I can tell you now that your market place needs visual lay-out readjustments. If you are willing to listen to some advice regarding that I'd really appreciate if you'd PM me. I've had to create this new account as its been over a  year since I've been on here.... and my other details are just mangled and the damn security question threw me way off...!

AAaaanyways - who wants to hear my opinion? Its not about my opinion, its about what I know more mature business professionals will think about this software based merely on its appearance, this  in relation to business linguistics schemata (reference frameworks - I don't want to cite academic literature here). I don't want to be rude since I am also still young at heart but some of your "rants" regarding your defending your honour understandably from two treacherous rats, by them [your rants about the rats who envy you your integrity]  I could already guess that you were not already in your mid-thirties, but I didn't want to be rude and ask Craig, as I had peppered him with questions via email. Today I went to the "Team" section of bitbay.market and as I had guessed you're quite a young guy - with a lot of fucking integrity and pragmatism. Fuck, Mr. Cinderalla is home alone again on Saturday. God. Involuntarily hermitized by society. Oh well. I love being alone, but do sometimes feel lonely. Awooooooooooooooo HOOOOOO!!! HAHAHA!

And the mentioned details by cryptohunter are awesome but they are so intricate and futuristic that I'm afraid only technocrats would appreciate it. Its not an "intuitive software". It needs to somehow be more accessible to dimwits like myself due to its wide variety of use cases, especially making people understand that they don't need an executor of an estate in order for their children to receive the funds, but can actually trust a machine to do it? Most people wouldn't trust "a" machine, of course I use that as metaphor, I'm not being literal.



Always great to get a new person with suggestions and ideas regarding bitbay. I'm sure David and the rest of the team will be very open to hearing you out on improvements on layout and things like that.

Please dont vanish to slack like everyone else... stick on the thread from time to time so we can get some conversations and community spirit going back on this forum.

I agree with your points and getting people to put their offsprings future into the hands of a decentralised trustless "machine" will be tough at first and perhaps for a long time. However that is just one tiny use case and there are some technocrats about Smiley  but yes we 100% need to make it accessible and indeed desirable to those that are not tech heads ( im not a tech head at all btw). I think the first real steps were the web based wallet and when we have a full market app (in the long term) people will start to come around.

The thing is this... I see davids role more as making it accessible to other teams more than the end user at first.

The reason is the use cases are so vast and so varied to make all of them as easily accessible and desirable to the end users would be impossible

I am not sure though how what skillset even devs would need to have to build out their own websites and apps on top of bay after the api is opened up. The trick here is making it as easy as possible whilst also making it as easy as possible for them to derive income from their designs.

Perhaps it would be possible for david to turn making that accessible to other development teams to another coder without them having deep knowledge of bays design i am not sure.

Mean time david could 100% code out the savings bonds, pegging, and improve the markeplace and make a start of web versions and pass app building over to some other team..

We do need a development funding mechanism coded it ... we have the decentralised voting already to vote on how to use the development funding. I think the variable rate savings bonds can provide funding or just a tax on the POS. Either way whales and small investors if they thought these funds are going directly to fund faster development I am sure all but the most short sighted would vote in favour.

Anyway yeah welcome to bitbay
newbie
Activity: 32
Merit: 0
Hey guys,

This project is very promising, we really need a decentralized marketplace.
Do you have already a beta marketplace working?
If not, when you pretend to lunch?

Maybe I would get the answer reading to all posts but there are too much xD
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Anything smart contracts can be used for

futures, any kind of betting, savings bonds,  imagine  a will even - say you were rich and dying and had 3 children you could divide your capital by 3 and send it to their bitbay addresses and time it so it is gradually locked/released to them over the course of their life time. So they would have consistent funds coming to them. Or lock in in a bitbay bond and just have  interest send out to those addresses over time...

I mean bitbay as an ebay replacement is HUGE but it is just one of 1000's or millions of possible uses for DDE and the peg and the timed locking and savings bonds. I mean you name it bay can be adapted to be involved with it Im sure.

I mean I know david has the capability to build in atomic trading if he so wished  too and a fiat in fiat out (whilst there is even a need for fiat)... so really bitbay will become a complete end to end trustless way to buy sell swap gamble earn on anything you can imagine. I mean specifics will have to be thrashed out by 1000s of dev teams that will eventually come to build on bitbay core.

I love the fact and I mean love that fact that david has essentially said a big fuck off to copy and paste scammers too whom have no talents at all other than pressing copy and paste whilst other devs have been scared to do so.  Why should he work and spend years of his life developing software for others to take and try and use that against him by out marketing him and crushing the investment every other bitbay believer that has put their faith in the project. Heavy marketing teams with no real crypto skillset are here now and they would love to scam bitbayer out of years of davids hard work.

The only room for improvement bay can make is to adapt to fads and things of the moment people want so long as they are not detrimental to the core in anyway. Capitalising on these during "their moment" is key to playing the crypto game. Having the best tech is not enough in the realm consisting of mostly handwavers and marketeers. Once we master that too bay will crush all in our way to the top 5 -10 and possibly.....

Hey Cryptohunter, thanks again for this detailed answer, appreciate it very much. BitBay is definitely a next-gen platform. I become more and more aware how great it is. So many usecases for it. I hope that people will realize its potential finally in 2018 and that it will become at least a top 25 crypto!

Hey you're very welcome. I know i'm super enthusiastic about bay ( and a couple of others but mostly bay) but I totally have come to recognise the difference between devs with vision and the talent to design and code out software that can bring that to fruition and those that dont. There are a handful of good crypto devs here these people will hold the keys to their design because they can design and code it out from scratch.

I know it is all taking quite a long time but when we do get the api you will see david has laid down the foundations for others to build upon. Other huge projects have got their jump by already allowing multiple teams to code out value into their own platform. However that does not mean the platform is better than bays. Sometimes the more intricate and complex a system is the more holes there are to exploit and more over heads. Sometimes a streamlined platform that does all the essentials you need for 99% of enough use cases to make in a monster success is better.

I do wish we had more coders helping david out but he tried to hunt good crypto coders down and apparently they are pretty few and far between. Also i guess to let them get deep and coding away at super core features is handing the keys to those whom are not essentially die hard bay devs who could perhaps divulge our design to others.
newbie
Activity: 27
Merit: 0
Hello, Mr. Zimbeck.

I know you are mentioning a Peg right.

I was thinking if you can't create some kind of "pragmatic peg" / dynamic peg? I mentioned this to craig but would love your response David. What I mean by this type of peg is that, you want the currency to be stable for traders, however investors also want to profiteer out of the currency. Why don't you make this, and I label it a dynamic or pragmatic peg, so that the value of the transaction remains the value at the time of the contract's creation, however the currency itself can continue to appreciate (or this peg may be a time-stamped OPTION for the traders / users of Bay rather than an ENFORCED standard/peg, what do you think?), while smart contracts lock up their value relative to the value at the time of their creation, and changes with the fiat changes or other changes, but in this lock or contract the BAYS would retain the old value at the time of the creation? Do you not think This would serve a better, unified dual purpose, kind of make the currency "two-handed"? I'm not very smart, so I'd love to tell you how this is maybe a stupid suggestion... But I think a peg could kill it as something that people want to POS stake their wallets in unless I think my suggestion can be successfully implemented? I don't want to impose my opinion that's why I'm asking, I really think it might be a good idea, although I'm not quite sure exactly what I mean, you see? Do you?

Also, the layout of the market really still. When you open it, I studied [also business linguistics in a 4 year BA in linguistics and literature] with and was also a web/graphics designer for years (my dad's a comp. science lecturer, I call him Cannibal Lecturer we don't get along - no, not Hannibal Lector...), and there is a "visual grammar" (a term used in business linguistics) and I can tell you now that your market place needs visual lay-out readjustments. If you are willing to listen to some advice regarding that I'd really appreciate if you'd PM me. I've had to create this new account as its been over a  year since I've been on here.... and my other details are just mangled and the damn security question threw me way off...!

AAaaanyways - who wants to hear my opinion? Its not about my opinion, its about what I know more mature business professionals will think about this software based merely on its appearance, this  in relation to business linguistics schemata (reference frameworks - I don't want to cite academic literature here). I don't want to be rude since I am also still young at heart but some of your "rants" regarding your defending your honour understandably from two treacherous rats, by them [your rants about the rats who envy you your integrity]  I could already guess that you were not already in your mid-thirties, but I didn't want to be rude and ask Craig, as I had peppered him with questions via email. Today I went to the "Team" section of bitbay.market and as I had guessed you're quite a young guy - with a lot of fucking integrity and pragmatism. Fuck, Mr. Cinderalla is home alone again on Saturday. God. Involuntarily hermitized by society. Oh well. I love being alone, but do sometimes feel lonely. Awooooooooooooooo HOOOOOO!!! HAHAHA!

And the mentioned details by cryptohunter are awesome but they are so intricate and futuristic that I'm afraid only technocrats would appreciate it. Its not an "intuitive software". It needs to somehow be more accessible to dimwits like myself due to its wide variety of use cases, especially making people understand that they don't need an executor of an estate in order for their children to receive the funds, but can actually trust a machine to do it? Most people wouldn't trust "a" machine, of course I use that as metaphor, I'm not being literal.
full member
Activity: 238
Merit: 100

Anything smart contracts can be used for

futures, any kind of betting, savings bonds,  imagine  a will even - say you were rich and dying and had 3 children you could divide your capital by 3 and send it to their bitbay addresses and time it so it is gradually locked/released to them over the course of their life time. So they would have consistent funds coming to them. Or lock in in a bitbay bond and just have  interest send out to those addresses over time...

I mean bitbay as an ebay replacement is HUGE but it is just one of 1000's or millions of possible uses for DDE and the peg and the timed locking and savings bonds. I mean you name it bay can be adapted to be involved with it Im sure.

I mean I know david has the capability to build in atomic trading if he so wished  too and a fiat in fiat out (whilst there is even a need for fiat)... so really bitbay will become a complete end to end trustless way to buy sell swap gamble earn on anything you can imagine. I mean specifics will have to be thrashed out by 1000s of dev teams that will eventually come to build on bitbay core.

I love the fact and I mean love that fact that david has essentially said a big fuck off to copy and paste scammers too whom have no talents at all other than pressing copy and paste whilst other devs have been scared to do so.  Why should he work and spend years of his life developing software for others to take and try and use that against him by out marketing him and crushing the investment every other bitbay believer that has put their faith in the project. Heavy marketing teams with no real crypto skillset are here now and they would love to scam bitbayer out of years of davids hard work.

The only room for improvement bay can make is to adapt to fads and things of the moment people want so long as they are not detrimental to the core in anyway. Capitalising on these during "their moment" is key to playing the crypto game. Having the best tech is not enough in the realm consisting of mostly handwavers and marketeers. Once we master that too bay will crush all in our way to the top 5 -10 and possibly.....

Hey Cryptohunter, thanks again for this detailed answer, appreciate it very much. BitBay is definitely a next-gen platform. I become more and more aware how great it is. So many usecases for it. I hope that people will realize its potential finally in 2018 and that it will become at least a top 25 crypto!
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
It's quite some time ago that I checked how Bitbay is going. I would like to understand what the current stage of development is and what potential investors can expect to happen in that regard over the next 6 or so months. It is astonishing to see where the whole project is today. My congratulations for that!

https://bitbay.market/roadmap

Lot's of releases over the next 7 months.   Wink

I'm praying we can release the dynamic peg before any potential cryptocurrency bubble pops.
Because it would become one of the most sought after coins in the industry for those that don't want to cash out.


This is an interesting scenario i had not considered when suggesting a delay for the peg until we reach a much higher cap.

What though do you think about the variable interest bonds would they not be equally as effective.

If you don't think they would can anyone explain why they are not just as effective and no need of over complex pegging and agreement by exchanges to run such software.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
It's quite some time ago that I checked how Bitbay is going. I would like to understand what the current stage of development is and what potential investors can expect to happen in that regard over the next 6 or so months. It is astonishing to see where the whole project is today. My congratulations for that!

There is a new road map in the OP put there not long ago did you check that out yet?

I don't think there are any other details made public yet

Although david did mention atomic swaps could be activated which i find highly exciting too even if just btc to bay.. and vice versa

Also a possibility (i hope a certainty) of variable interest bonds in limited supply

Of course david can design and code practically anything so its a case of us convincing him that is what we need Smiley

If bay it to take out the top 10 we will need to also enable other dev teams to code use case specific projects on top of bays core and it would be great if we could find a way to allow icos to run on bitbay.

what i like about the idea of that is we could time lock the ico funds or even lock them and only release for milestones met via voting process.

My main hope is that david stops spending all the time on the pegging and leaves that until last i see it as a possible inhibitor for huge rallies which will be required to hit the top 5 spots and i mean huge rallies. As much as i hate churners we do not wish to lose speculators/traders altogether since this is 99% of crypto attraction right now.

Only when we hit top 5-20 and have a huge and wide distribution mostly in the hands of real bay enthusiasts should we flip the peg and ensure our place there

The peg although opening crypto up to a real use case is not exciting to many investors right now (these are really traders not investors) as i have found out when trying to bring them in. Pegging will be essential in the end for the market place and 1000's of other real use cases to function properly but I say build the value in first by any and all means before switching it on.

My view only but I see no real evidence of a logical argument against it.

The higher in the top 100 you get that is your marketing right there....

I started a thread challenging people to find me real projects on this board....

https://bitcointalksearch.org/topic/m.25583608

I listed the top 6 the only ones that i knew of that really met the REAL project criteria.

1. i hope you can take time to vote in the poll.

2. I hope we can generate discussion there because if we can make that thread stick to page 1 it benefits not only bitbay but all REAL projects that have real developers on this entire board. It will help narrow the view of all new persons reading it to avoid the dreams and talk crap projects and out and out scams too.





full member
Activity: 307
Merit: 109
It's quite some time ago that I checked how Bitbay is going. I would like to understand what the current stage of development is and what potential investors can expect to happen in that regard over the next 6 or so months. It is astonishing to see where the whole project is today. My congratulations for that!

https://bitbay.market/roadmap

Lot's of releases over the next 7 months.   Wink

I'm praying we can release the dynamic peg before any potential cryptocurrency bubble pops.
Because it would become one of the most sought after coins in the industry for those that don't want to cash out.
full member
Activity: 307
Merit: 109
Fork is success. Stake reward is now 20 Bay pr block.
Next event is releasing our own forum Dec 4th
How to stake? Can somebody give a link or explain here?
And is it profitable? How many bays should I have for a real chance to win a reward?

Staking just requires that you install a wallet and let it sync to the blockchain. Once synced you are now supporting the blockchain. Unlike bitcoin, with BitBay, you are rewarded for supporting the blockchain. Yet to earn reward you also have to own coins in order to stake for new coins. The going rate is 1% ROI each year with the possibility to make upwards of 2-5% depending on how many other wallets are staking - they are your competition.
An easy calculator to determine your stake reward potential is to realize that by default minimum ROI of 1% then for every 2000 coins you should earn (at least) 1 block (20 new coins) a year.
sr. member
Activity: 756
Merit: 250
It's quite some time ago that I checked how Bitbay is going. I would like to understand what the current stage of development is and what potential investors can expect to happen in that regard over the next 6 or so months. It is astonishing to see where the whole project is today. My congratulations for that!
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
I didn't know that bitbay is stake ready. This is added after last fork I think. I always knew that at some point this project will be successful. There is an improvement for market needed.
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