Hi Aaron.
I read through your posts and 100% see your point here. I mean who wants to sell gems for free right now. Bay for this transaction did NOT work out.
Bay right now is not useful to sell on in a bear market. That is why the pegging is coming. Using bitbay market place right now is more for testing or fun to me. I mean selling on bay in a bull market now that's going to beneficial for the seller not so much the buyer. I don't think the bay market place will take off unti the pegging is set in. Also there are probably some other work arounds that can be done for this issue.
This point is clear. However do not sell your bay. I am certain you will be selling now at its lowest or near lowest point.
Also I am thankful for your efforts and interest in bitbay. You sound like a useful person to this community. So even if you don't wish to invest further yet then please stick around and give your input and ideas. The community needs more people with energy and ideas and experience in this field.
I think if you took away the market place and the peg bitbay still has many features more than most alt coins and David is capable of coding pretty much anything. So just having a dev like that and the features bay has is worth a great deal more than most alts from this era.
I do think the market place and pegging (a form of pegging) will be huge once it is perfected and ready. This time is frustrating because only david is coding but he is doing his best and i see other projects promising what david has already nearly delivered
The UI and ease of use does need a lot of work for mainstream. I think once the web and mobile market place is here adoption will become more of a reality with the pegging.
I think there could be other options other as well as the pegging to make the market place stable anyway
Altogether bitbay still has a way to go but I still feel it has already more to offer and already functioning than most alts and the full potential is not even near realised.
My advice whether you care to take it or not is do not cash out bay yet. No way this should be down at 400 sats.
I do hope David can get the new release out soon with at least the correct pos % though so investors have a little incentive not to churn.
Also would be great if there was a bay bank offering bonds as I suggested a few developers have PM and told me (they have been reading bays thread) that they think it is a great idea and a working towards something very similar.
Anyway was good to see some effort put into bay and someone taking time to comment on the software and their experience.
If you do leave now then perhaps check back later see what you think in a few months. I feel lose ends are about to get tied up.
I read through your posts and 100% see your point here. I mean who wants to sell gems for free right now. Bay for this transaction did NOT work out.
Bay right now is not useful to sell on in a bear market. That is why the pegging is coming. Using bitbay market place right now is more for testing or fun to me. I mean selling on bay in a bull market now that's going to beneficial for the seller not so much the buyer. I don't think the bay market place will take off unti the pegging is set in. Also there are probably some other work arounds that can be done for this issue.
This point is clear. However do not sell your bay. I am certain you will be selling now at its lowest or near lowest point.
Also I am thankful for your efforts and interest in bitbay. You sound like a useful person to this community. So even if you don't wish to invest further yet then please stick around and give your input and ideas. The community needs more people with energy and ideas and experience in this field.
I think if you took away the market place and the peg bitbay still has many features more than most alt coins and David is capable of coding pretty much anything. So just having a dev like that and the features bay has is worth a great deal more than most alts from this era.
I do think the market place and pegging (a form of pegging) will be huge once it is perfected and ready. This time is frustrating because only david is coding but he is doing his best and i see other projects promising what david has already nearly delivered
The UI and ease of use does need a lot of work for mainstream. I think once the web and mobile market place is here adoption will become more of a reality with the pegging.
I think there could be other options other as well as the pegging to make the market place stable anyway
Altogether bitbay still has a way to go but I still feel it has already more to offer and already functioning than most alts and the full potential is not even near realised.
My advice whether you care to take it or not is do not cash out bay yet. No way this should be down at 400 sats.
I do hope David can get the new release out soon with at least the correct pos % though so investors have a little incentive not to churn.
Also would be great if there was a bay bank offering bonds as I suggested a few developers have PM and told me (they have been reading bays thread) that they think it is a great idea and a working towards something very similar.
Anyway was good to see some effort put into bay and someone taking time to comment on the software and their experience.
If you do leave now then perhaps check back later see what you think in a few months. I feel lose ends are about to get tied up.
Actually I think it did work out, he only needs to wait a month and it should shoot right back up. But yes, for all intents and purposes a volatile coin cannot be used as payment for items on a market for people who do not want to invest or take risks. AKA the peg.
But also like I pointed out, he can accept anything in exchange for his gems on our markets. The BitBay currency is only meant to protect the deal.
The new release by the way is almost done. In fact just today I did the freeze from start to finish in the UI. Here is a screenshot of it and the transaction that spent it. It is a lot of work because it had to have notifications for the script, notifications for all involved users, and those need to be spent as a whole so inputs have to be grouped. Check it out...
https://chainz.cryptoid.info/bay/tx.dws?3057267.htm
That is the original fund for the FREEZE. Notice how there are lots of burns and those show the redeem script. Essential to communicate that and it must be done on the chain. This cannot be put on a volatile Bitmessage since it is related to financials. Chains are meant for financials.
https://chainz.cryptoid.info/bay/tx.dws?4ba8321e29a302488592ce872b28363734fffd1f59ed73c3102bff0c99ef9fe5.htm
That is the spent TX notice the last input was a different address but spent with the same keys.
So yes we are official the first client in the world that does this. The news will ignore it... haha. But we still did it!
Here is a screenshot.
