BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 108.

Munti

hero member

Activity: 661

Merit: 504

Quote from: Norjega on November 21, 2017, 10:24:58 AM

Quote from: LuckyLeprachaun on November 21, 2017, 09:57:26 AM

Quote from: Norjega on November 21, 2017, 08:35:13 AM

Hi Folks,

I am new on bitcointalk and a newbie in the crypto world. I recently invested in some bitbay coins through bittrex. My question is, can I leave them on the bittrex plattform or do i have to store them on the bitbay wallet or client? Especially considering the upcoming fork?

If I have to store them on the bitbay wallet or client, which of the both would you recommend to use?

If one of you could help me with that, it would be great. Many Thanks! Grin

Always best to store your coins in YOUR OWN wallet, gives you control over your own money and you can stake the Bitbay coins.

Do you have any recommendation as to what is a good wallet? Again, I am new to this. Would I loose my bitbay coins if left them on bittrex even after the fork?

I strongly recommend the client. That's where all the tech is, and we are likely to abandon the Qt wallet soon anyway.

Norjega

newbie

Activity: 4

Merit: 0

Quote from: LuckyLeprachaun on November 21, 2017, 10:27:43 AM

Quote from: Norjega on November 21, 2017, 10:24:58 AM

Quote from: LuckyLeprachaun on November 21, 2017, 09:57:26 AM

Quote from: Norjega on November 21, 2017, 08:35:13 AM

Hi Folks,

I am new on bitcointalk and a newbie in the crypto world. I recently invested in some bitbay coins through bittrex. My question is, can I leave them on the bittrex plattform or do i have to store them on the bitbay wallet or client? Especially considering the upcoming fork?

If I have to store them on the bitbay wallet or client, which of the both would you recommend to use?

If one of you could help me with that, it would be great. Many Thanks! Grin

Always best to store your coins in YOUR OWN wallet, gives you control over your own money and you can stake the Bitbay coins.

Do you have any recommendation as to what is a good wallet? Again, I am new to this. Would I loose my bitbay coins if left them on bittrex even after the fork?

No you would not lose them but again best to download and install the qt wallet and send your coins to the wallet here is the link: http://bitbay.market/downloads

Back up the wallet.dat file in a safe place in case your computer crashes.

Thats helpful. Thank you!

Figatko

full member

Activity: 243

Merit: 100

Is it possible to directly put bays into the online wallet using key files? Without installing one of the computer clients?

LuckyLeprachaun

sr. member

Activity: 470

Merit: 251

Bitbay is the Future!!!

Quote from: Norjega on November 21, 2017, 10:24:58 AM

Quote from: LuckyLeprachaun on November 21, 2017, 09:57:26 AM

Quote from: Norjega on November 21, 2017, 08:35:13 AM

Hi Folks,

I am new on bitcointalk and a newbie in the crypto world. I recently invested in some bitbay coins through bittrex. My question is, can I leave them on the bittrex plattform or do i have to store them on the bitbay wallet or client? Especially considering the upcoming fork?

If I have to store them on the bitbay wallet or client, which of the both would you recommend to use?

If one of you could help me with that, it would be great. Many Thanks! Grin

Always best to store your coins in YOUR OWN wallet, gives you control over your own money and you can stake the Bitbay coins.

Do you have any recommendation as to what is a good wallet? Again, I am new to this. Would I loose my bitbay coins if left them on bittrex even after the fork?

No you would not lose them but again best to download and install the qt wallet and send your coins to the wallet here is the link: http://bitbay.market/downloads

Back up the wallet.dat file in a safe place in case your computer crashes.

Norjega

newbie

Activity: 4

Merit: 0

Quote from: LuckyLeprachaun on November 21, 2017, 09:57:26 AM

Quote from: Norjega on November 21, 2017, 08:35:13 AM

Hi Folks,

I am new on bitcointalk and a newbie in the crypto world. I recently invested in some bitbay coins through bittrex. My question is, can I leave them on the bittrex plattform or do i have to store them on the bitbay wallet or client? Especially considering the upcoming fork?

If I have to store them on the bitbay wallet or client, which of the both would you recommend to use?

If one of you could help me with that, it would be great. Many Thanks! Grin

Always best to store your coins in YOUR OWN wallet, gives you control over your own money and you can stake the Bitbay coins.

Do you have any recommendation as to what is a good wallet? Again, I am new to this. Would I loose my bitbay coins if left them on bittrex even after the fork?

LuckyLeprachaun

sr. member

Activity: 470

Merit: 251

Bitbay is the Future!!!

Good time to buy now that the price is still low Cool

LuckyLeprachaun

sr. member

Activity: 470

Merit: 251

Bitbay is the Future!!!

Quote from: Norjega on November 21, 2017, 08:35:13 AM

Hi Folks,

I am new on bitcointalk and a newbie in the crypto world. I recently invested in some bitbay coins through bittrex. My question is, can I leave them on the bittrex plattform or do i have to store them on the bitbay wallet or client? Especially considering the upcoming fork?

If I have to store them on the bitbay wallet or client, which of the both would you recommend to use?

If one of you could help me with that, it would be great. Many Thanks! Grin

Always best to store your coins in YOUR OWN wallet, gives you control over your own money and you can stake the Bitbay coins.

R-J-F

sr. member

Activity: 1078

Merit: 310

AKA RJF - Member since '13

Quote from: Kodhead on November 21, 2017, 09:38:50 AM

Quote from: R-J-F on November 21, 2017, 08:41:39 AM

Hate to say it but, the purple is "strange" not used much in publishing. As a web designer, I would prefer some shade of Blue, it's a calming, inviting color. And the graphic balloon and moving stuff just distracts from the professional feel you are trying to convey, a bit amateurish. Please don't take this the wrong way but, the old website wasn't so bad. A little updating and it would have been really nice. Nice work otherwise.

I agree it's quite unique and not used much but... i have to say I love the new site! Compared to the old one it's a massive improvement! And those moving things add a nice touch and give it a kind of live feel right? a bit better that just staring at the usual stock images that are most other crypto sites for sure! Cheesy

Congratulations to the bitbay team and good luck with the web wallet launch too! (is it still next week?)

If the "moving things" were smaller, more defined and did not stop moving I would tend to agree. It looks unfinished and thrown in for effect without much thought. Sorry but, I call it like I see it. I've been with Bay since the ICO and would not point this out unless I felt rather strongly about it. Sorry.

Kodhead

newbie

Activity: 17

Merit: 0

Quote from: R-J-F on November 21, 2017, 08:41:39 AM

Hate to say it but, the purple is "strange" not used much in publishing. As a web designer, I would prefer some shade of Blue, it's a calming, inviting color. And the graphic balloon and moving stuff just distracts from the professional feel you are trying to convey, a bit amateurish. Please don't take this the wrong way but, the old website wasn't so bad. A little updating and it would have been really nice. Nice work otherwise.

I agree it's quite unique and not used much but... i have to say I love the new site! Compared to the old one it's a massive improvement! And those moving things add a nice touch and give it a kind of live feel right? a bit better that just staring at the usual stock images that are most other crypto sites for sure! Cheesy

Congratulations to the bitbay team and good luck with the web wallet launch too! (is it still next week?)

R-J-F

sr. member

Activity: 1078

Merit: 310

AKA RJF - Member since '13

Quote from: lijoe408 on November 20, 2017, 10:03:39 PM

Quote from: BitBaydev on November 20, 2017, 04:15:28 AM

And we are live!! The new BitBay website is online now. It's lightning fast and looking very sexy!

A big thank you to everyone who has helped make this happen and we've really appreciated all your feedback and suggestions over the last few months. Community is what we're all about at BitBay and the new website is a perfect example of ours working together.

So thanks to you all and we hope you like it

https://bitbay.market

Website looks alot more trendy. Odd color choice though, developer must be a laker's fan lol

Hate to say it but, the purple is "strange" not used much in publishing. As a web designer, I would prefer some shade of Blue, it's a calming, inviting color. And the graphic balloon and moving stuff just distracts from the professional feel you are trying to convey, a bit amateurish. Please don't take this the wrong way but, the old website wasn't so bad. A little updating and it would have been really nice. Nice work otherwise.

Norjega

newbie

Activity: 4

Merit: 0

Hi Folks,

I am new on bitcointalk and a newbie in the crypto world. I recently invested in some bitbay coins through bittrex. My question is, can I leave them on the bittrex plattform or do i have to store them on the bitbay wallet or client? Especially considering the upcoming fork?

If I have to store them on the bitbay wallet or client, which of the both would you recommend to use?

If one of you could help me with that, it would be great. Many Thanks! Grin

issie81

hero member

Activity: 760

Merit: 500

CryptoZilla

Quote from: Munti on November 20, 2017, 10:26:39 AM

Quote from: issie81 on November 20, 2017, 09:26:12 AM

Good job, Bitbay gang!

is stake reward also up?

Stake reward goes up with the fork Nov 30th

is there a mandatory wallet update required?

lijoe408

sr. member

Activity: 434

Merit: 251

Quote from: BitBaydev on November 20, 2017, 04:15:28 AM

And we are live!! The new BitBay website is online now. It's lightning fast and looking very sexy!

A big thank you to everyone who has helped make this happen and we've really appreciated all your feedback and suggestions over the last few months. Community is what we're all about at BitBay and the new website is a perfect example of ours working together.

So thanks to you all and we hope you like it

https://bitbay.market

Website looks alot more trendy. Odd color choice though, developer must be a laker's fan lol

dzimbeck

legendary

Activity: 2414

Merit: 1044

Quote from: R-J-F on November 20, 2017, 05:17:59 PM

Quote from: CryptoSandwich on November 20, 2017, 02:01:12 PM

Quote from: Munti on November 20, 2017, 01:50:41 PM

Quote from: CryptoSandwich on November 20, 2017, 01:35:46 PM

Hi all,

Sorry if this has been asked a million times but here goes...

1) I have just downloaded the QT wallet today so I just need to confirm I do not need to do anything with the wallet or my coins for the upcoming fork?

2) I have just moved my coins from an exchange to my wallet, how long until the coins are "mature" and can start staking?

Thanks

1. Correct. The wallet will handle the fork automatcally.
2. It takes two hours for the coins to mature.

Thank you!

One last one ... If I add coins to my wallet I don't need to re-save a back up every time I make a transaction do I?

Really new to this so these are probably ridiculous questions

Cheers

Remember, your coins are stored on the blockchain, not in your wallet. As long as you have your private keys or, a copy of your "wallet.dat" file, you have your coins. The wallet simply reads the blockchain and looks for entries that match your address and presents the relevant totals to you.

Actually it depends though. If someone generates new addresses in their QT wallet it might be a good idea to make a new backup. Since their wallet.dat is a collection of keys. I don't think it's deterministic.

In the Markets client we always use the same key pair which is safer in that regard but potentially weaker to cryptoanalysis. Although to date there is no proven cryptoanalysis technique for reusing keys.

R-J-F

sr. member

Activity: 1078

Merit: 310

AKA RJF - Member since '13

Quote from: CryptoSandwich on November 20, 2017, 02:01:12 PM

Quote from: Munti on November 20, 2017, 01:50:41 PM

Quote from: CryptoSandwich on November 20, 2017, 01:35:46 PM

Hi all,

Sorry if this has been asked a million times but here goes...

1) I have just downloaded the QT wallet today so I just need to confirm I do not need to do anything with the wallet or my coins for the upcoming fork?

2) I have just moved my coins from an exchange to my wallet, how long until the coins are "mature" and can start staking?

Thanks

1. Correct. The wallet will handle the fork automatcally.
2. It takes two hours for the coins to mature.

Thank you!

One last one ... If I add coins to my wallet I don't need to re-save a back up every time I make a transaction do I?

Really new to this so these are probably ridiculous questions

Cheers

Remember, your coins are stored on the blockchain, not in your wallet. As long as you have your private keys or, a copy of your "wallet.dat" file, you have your coins. The wallet simply reads the blockchain and looks for entries that match your address and presents the relevant totals to you.

Munti

hero member

Activity: 661

Merit: 504

Quote from: CryptoSandwich on November 20, 2017, 02:01:12 PM

Quote from: Munti on November 20, 2017, 01:50:41 PM

Quote from: CryptoSandwich on November 20, 2017, 01:35:46 PM

Hi all,

Sorry if this has been asked a million times but here goes...

1) I have just downloaded the QT wallet today so I just need to confirm I do not need to do anything with the wallet or my coins for the upcoming fork?

2) I have just moved my coins from an exchange to my wallet, how long until the coins are "mature" and can start staking?

Thanks

1. Correct. The wallet will handle the fork automatcally.
2. It takes two hours for the coins to mature.

Thank you!

One last one ... If I add coins to my wallet I don't need to re-save a back up every time I make a transaction do I?

Really new to this so these are probably ridiculous questions

Cheers

No, you don't need to make a new backup every time you deposit to your wallet (But make sure you have minimum one backup. And also remember that a backup you keep at home doesn't help you if your house burns down)

There is no such thing as a stupid question. We all had to go through this learning process.

CryptoSandwich

newbie

Activity: 4

Merit: 0

Quote from: Munti on November 20, 2017, 01:50:41 PM

Quote from: CryptoSandwich on November 20, 2017, 01:35:46 PM

Hi all,

Sorry if this has been asked a million times but here goes...

1) I have just downloaded the QT wallet today so I just need to confirm I do not need to do anything with the wallet or my coins for the upcoming fork?

2) I have just moved my coins from an exchange to my wallet, how long until the coins are "mature" and can start staking?

Thanks

1. Correct. The wallet will handle the fork automatcally.
2. It takes two hours for the coins to mature.

Thank you!

One last one ... If I add coins to my wallet I don't need to re-save a back up every time I make a transaction do I?

Really new to this so these are probably ridiculous questions

Cheers

Munti

hero member

Activity: 661

Merit: 504

Quote from: CryptoSandwich on November 20, 2017, 01:35:46 PM

Hi all,

Sorry if this has been asked a million times but here goes...

1) I have just downloaded the QT wallet today so I just need to confirm I do not need to do anything with the wallet or my coins for the upcoming fork?

2) I have just moved my coins from an exchange to my wallet, how long until the coins are "mature" and can start staking?

Thanks

1. Correct. The wallet will handle the fork automatcally.
2. It takes two hours for the coins to mature.

CryptoSandwich

newbie

Activity: 4

Merit: 0

Hi all,

Sorry if this has been asked a million times but here goes...

1) I have just downloaded the QT wallet today so I just need to confirm I do not need to do anything with the wallet or my coins for the upcoming fork?

2) I have just moved my coins from an exchange to my wallet, how long until the coins are "mature" and can start staking?

Thanks

Figatko

full member

Activity: 243

Merit: 100

Quote from: Tsar Bomba on November 20, 2017, 09:38:44 AM

This the first time I heard and read about BitBay. Actually it's really a perfect timing for me coz' I am looking for a crypto with good market potential and usefulness to boom in next year (2018), and also with $50 million and below market cap. And there! I checked BitBay on coinmarketcap and saw it really is a -/+$50 million market cap cryptocurrency. But my question is, what does BitBay have or WILL have that gives certain advantage over Ethereum and Neo?

Have a look at the roadmap:
https://bitbay.market/roadmap
Read more on the website and here in this thread. Follow the updates.
The nearest future of BitBay looks amazing! Years of development bring great product that is supposed to compete with ebay, alibaba and so on. Fully Functional Web Wallet Marketplace and Dynamic Peg are planned in Q2 2018 (not long to wait), and you can download PC/MAC market client now, web wallet will be ready in a week.

Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 108. (Read 542225 times)