New investor in bitbay, just bought bunch of coins.
Regarding this progressive post and idea: I think it should be developed more concretely asap and implemented/initiated.
What type of PR activity can we start right now?
even as easy as signiture campaign here..
Cryptos don't make sense (look at the top20... Hcash... others...)
But that's the way it is.
Since June,we see the beginning of an early-mass-adoption movement (who here doesn't know someone who entered the market recently, or thinks about it ?).
It changes the game: Technology is not the only parameter in the valuation equation: Teams are scrutinized, marketing has a huge impact etc...
Crytpomarkets evolved: projects must adapt or die.
That said... Bitbay is a great tech. Maybe it just needs a bit of PR, and starting from the community is not a bad thing.
What if, WE, the hodlers, start promoting the coin again ?
Twitter, Facebook, LinkedIn, BitcoinTalk signature etc...
I think we need :
1- 2 officials statements about Bitbay: why is it so good? what is the end user value propostion?
--> it can be done by an expert member here and validated by the devs.
We need 2 statments: 1 statement will be technical, and one for the average joe (simple).
We'll use these as a baseline to write the social media tweets and so.
2a- a short term roadmap for "news" and teasing (don't tease without news...):
Next releases
2b- curators for news and articles. Writers on Medium and Steemit for instance, and their links to resteem and upvote.
3- A structured and synchronized communication:
--> Same Tweets, same Hashtag (#BAY... why not something else like #NextBigCrypto)
--> Same linkedin post for all with hashtag (someone writes one and we copy paste)
--> etc etc..
We probably need a specific topic here or a slack channel to coordinate "off-the line"
Who is in ?
It's time to lift BAY up :-)
All these are great ideas.
I would add to this a few powerful tools we already have.
1. the main board here.... don't dream of underestimating the power of the main alt board.
2. this thread kept on page 1 of the ANN section - that will do more good than you know.
After the next release where the pos % is fixed and the exotic spending is introduced...plus whatever summer surprises were hinted at...
I will create a big thread on the main boad which is feel is justified and not just shilling or spam. It will attract attention.
I would prefer we had a masternode or tiered pos levels to encourage accumulation and holding but I see not many of the community nor david wants this. To me it is the main part missing here since high minting coins with low volume are very prone to churning. Any rise in price is tough when everyone is churning. Hard to get traction or momentum. Dash would be nowhere without its masternode scheme. It may be centralised but has a cap of 100 x bay. Same for pivX people love a number to aim for , people do not like messing with their masternodes every 5 mins. Accumulation and holding. The main part of getting up the cmc ladder to positions of real attention.
However even lacking that I think a huge thread about bitbay on the main alt board will be very effective and even a small pos reward is better than nothing to make people save.
Another huge jump forward can be by obtaining the backing of a well known person with connections and followers. Bringing bitbay to the attention of someone like this can change a project over night. We need more people with connections involved with bitbay. People who know how to get bitbay inbfront of the right people. It has the capabilities to rival the top 10 projects we need some people to take note of it who can use that knowledge to get it to the top 10.
Self funding is one thing bay lacks compared to other big projects too. This needs to be looked at.
Regarding this progressive post and idea: I think it should be developed more concretely asap and implemented/initiated.
What type of PR activity can we start right now?
even as easy as signiture campaign here..
I find it funny that Particl is 4.5x the marketcap of BitBay, but they tried to reverse BAY's tech and failed. Why invest $ into the $90mil cap coin when they failed to reverse code the $20mil cap coin's code...? Makes absolutely no sense
Cryptos don't make sense (look at the top20... Hcash... others...)
But that's the way it is.
Since June,we see the beginning of an early-mass-adoption movement (who here doesn't know someone who entered the market recently, or thinks about it ?).
It changes the game: Technology is not the only parameter in the valuation equation: Teams are scrutinized, marketing has a huge impact etc...
Crytpomarkets evolved: projects must adapt or die.
That said... Bitbay is a great tech. Maybe it just needs a bit of PR, and starting from the community is not a bad thing.
What if, WE, the hodlers, start promoting the coin again ?
Twitter, Facebook, LinkedIn, BitcoinTalk signature etc...
I think we need :
1- 2 officials statements about Bitbay: why is it so good? what is the end user value propostion?
--> it can be done by an expert member here and validated by the devs.
We need 2 statments: 1 statement will be technical, and one for the average joe (simple).
We'll use these as a baseline to write the social media tweets and so.
2a- a short term roadmap for "news" and teasing (don't tease without news...):
Next releases
2b- curators for news and articles. Writers on Medium and Steemit for instance, and their links to resteem and upvote.
3- A structured and synchronized communication:
--> Same Tweets, same Hashtag (#BAY... why not something else like #NextBigCrypto)
--> Same linkedin post for all with hashtag (someone writes one and we copy paste)
--> etc etc..
We probably need a specific topic here or a slack channel to coordinate "off-the line"
Who is in ?
It's time to lift BAY up :-)
All these are great ideas.
I would add to this a few powerful tools we already have.
1. the main board here.... don't dream of underestimating the power of the main alt board.
2. this thread kept on page 1 of the ANN section - that will do more good than you know.
After the next release where the pos % is fixed and the exotic spending is introduced...plus whatever summer surprises were hinted at...
I will create a big thread on the main boad which is feel is justified and not just shilling or spam. It will attract attention.
I would prefer we had a masternode or tiered pos levels to encourage accumulation and holding but I see not many of the community nor david wants this. To me it is the main part missing here since high minting coins with low volume are very prone to churning. Any rise in price is tough when everyone is churning. Hard to get traction or momentum. Dash would be nowhere without its masternode scheme. It may be centralised but has a cap of 100 x bay. Same for pivX people love a number to aim for , people do not like messing with their masternodes every 5 mins. Accumulation and holding. The main part of getting up the cmc ladder to positions of real attention.
However even lacking that I think a huge thread about bitbay on the main alt board will be very effective and even a small pos reward is better than nothing to make people save.
Another huge jump forward can be by obtaining the backing of a well known person with connections and followers. Bringing bitbay to the attention of someone like this can change a project over night. We need more people with connections involved with bitbay. People who know how to get bitbay inbfront of the right people. It has the capabilities to rival the top 10 projects we need some people to take note of it who can use that knowledge to get it to the top 10.
Self funding is one thing bay lacks compared to other big projects too. This needs to be looked at.
On this forum other than our weekly updates people aren't quite seeing the action going on in private slack channels. However there are several core members on our team (as on our team page on the site) and I get 100s of messages a day. A lot is going on for PR.
The most consistent PR push will be an ongoing Facebook campaign that we will monitor our target markets for results. There is a list of other things and creative ideas are thrown around daily.
Also exciting news to the holders as posted on Slack...
Bitbays first checklocktimeverify transaction
c18a0e7f4ddd6492fa653d9feebea1fdfd64c24b54f7c691383e2ef3852f885d
That is an example of freezing coins
It was only frozen for 10 minutes
https://chainz.cryptoid.info/bay/tx.dws?c18a0e7f4ddd6492fa653d9feebea1fdfd64c24b54f7c691383e2ef3852f885d.htm
Notice the address was "bRuVYS74nhKMX62oV5HqCTfhBGrYEFAsBL"
but the keys used to sign were actually from "bTuZboysrngsaqJvRj4db4CV2Qa21Q5Jcb"
It was locked until this timestamp... 1505429979
So just so you guys know, I'm making steady progress with our locking functions! The next update will have a lot of fun types of payments we can send to each other!
It's just as I'm very strict on security I have to always make sure everything is smooth and we make sure parties are notified when they get these types of payments and that they check the scripts.
? what do i have to do?
There is no future in centralized exchanges regardless. We will definitely let the community know more about the situation if anything else comes to light though, but for now everything is smooth sailing.