BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 134.

dzimbeck

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Quote from: stupid_seb on August 16, 2017, 05:33:35 PM

Quote from: cryptosun on August 16, 2017, 04:48:35 PM

Quote from: stupid_seb on August 16, 2017, 03:59:16 PM

Hi guys,
I am a BAY hodler, and I see that the currency is quite under pressure since a couple weeks.

Any idea? A roadmap to come?

I believe that the tech is awesome, but sadly the market does not push for BitBay

Thanks!!

Its just a matter of time

Bay has just launched a exchange in India, and they have great team

and I have bought 2 btc worth bay now Wink

its time to buy price can easily be pushed to 1000, though they need good marketing team

this project has a great future.

Can you detail this exchange ? the team. Some facts appreciated!
thanks!

He is confusing the BitBay exchange with the coin.

Anyways the roadmap and details is on the OP. You have to realize that this software already exists, we aren't like the other projects who promise non-existent features. Download the markets client and see for yourself. It's been running for years. Unbreakable contracts decentralized markets etc.

stupid_seb

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Quote from: cryptosun on August 16, 2017, 04:48:35 PM

Quote from: stupid_seb on August 16, 2017, 03:59:16 PM

Hi guys,
I am a BAY hodler, and I see that the currency is quite under pressure since a couple weeks.

Any idea? A roadmap to come?

I believe that the tech is awesome, but sadly the market does not push for BitBay

Thanks!!

Its just a matter of time

Bay has just launched a exchange in India, and they have great team

and I have bought 2 btc worth bay now Wink

its time to buy price can easily be pushed to 1000, though they need good marketing team

this project has a great future.

Can you detail this exchange ? the team. Some facts appreciated!
thanks!

cryptosun

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Activity: 448

Merit: 250

Exchange Your BTC to PM Instantly :)

Quote from: jjacob on August 16, 2017, 04:48:22 PM

Quote from: lijoe408 on August 14, 2017, 03:42:57 PM

Quote from: Zimtente on August 14, 2017, 02:17:31 AM

does this http://particl.io/ compare anyway to bitbay?

Supposedly they are years behind bitbay in development. I heard they tried to reverse engineer the bithalo technology that David developed before when they were Shadowcash, but ended up failing. Whats sad is that none of that seems to matter as they're got active marketing and are 4-5x times bitbay's marketcap currently.

I think bitbay seriously needs a rebrand and a professional marketing firm like the one NEO used to catapult themselves. After rolling peg this should seriously be given some consideration. I just googled bitbay and the top 4 newsarticles were releases for bitbay.net. This is seriously confusing to potential investors or anyone coming into the space.

It is unfortunate that the bells and whistles and all these marketing gimmicks seem to be enough to convince people. Newer cryptocurrencies with far less potential compared to Bitbay have high valuations.

But once when people know about it Wink

which is enough soon gonna happen

we will be sky rocketting

cryptosun

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Exchange Your BTC to PM Instantly :)

Quote from: stupid_seb on August 16, 2017, 03:59:16 PM

Hi guys,
I am a BAY hodler, and I see that the currency is quite under pressure since a couple weeks.

Any idea? A roadmap to come?

I believe that the tech is awesome, but sadly the market does not push for BitBay

Thanks!!

Its just a matter of time

Bay has just launched a exchange in India, and they have great team

and I have bought 2 btc worth bay now Wink

its time to buy price can easily be pushed to 1000, though they need good marketing team

this project has a great future.

jjacob

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Activity: 1554

Merit: 1026

★Nitrogensports.eu★

Quote from: lijoe408 on August 14, 2017, 03:42:57 PM

Quote from: Zimtente on August 14, 2017, 02:17:31 AM

does this http://particl.io/ compare anyway to bitbay?

Supposedly they are years behind bitbay in development. I heard they tried to reverse engineer the bithalo technology that David developed before when they were Shadowcash, but ended up failing. Whats sad is that none of that seems to matter as they're got active marketing and are 4-5x times bitbay's marketcap currently.

I think bitbay seriously needs a rebrand and a professional marketing firm like the one NEO used to catapult themselves. After rolling peg this should seriously be given some consideration. I just googled bitbay and the top 4 newsarticles were releases for bitbay.net. This is seriously confusing to potential investors or anyone coming into the space.

It is unfortunate that the bells and whistles and all these marketing gimmicks seem to be enough to convince people. Newer cryptocurrencies with far less potential compared to Bitbay have high valuations.

stupid_seb

full member

Activity: 336

Merit: 101

Hi guys,
I am a BAY hodler, and I see that the currency is quite under pressure since a couple weeks.

Any idea? A roadmap to come?

I believe that the tech is awesome, but sadly the market does not push for BitBay

Thanks!!

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: HVCC on August 15, 2017, 02:19:30 AM

Quote from: ?? on ??

interesting to see this exchange took the name and a very close resemblance to the logo also same shade color. Could get some free traffic from this article on coindesk https://news.bitcoin.com/bitbay-exchange-enters-indian-cryptocurrency-markets/

Lol we're getting quite a bit of free traffic from it tbh

not all bad then it seems

HVCC

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Activity: 93

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Quote from: ?? on ??

interesting to see this exchange took the name and a very close resemblance to the logo also same shade color. Could get some free traffic from this article on coindesk https://news.bitcoin.com/bitbay-exchange-enters-indian-cryptocurrency-markets/

Lol we're getting quite a bit of free traffic from it tbh

Mr. Regi

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Quote from: Zimtente on August 14, 2017, 02:17:31 AM

does this http://particl.io/ compare anyway to bitbay?

I analysed both of them and came to the conclusion BitBay is far superior.
Did my research, particl devs have a scam history apparently+they took the thing I liked most about them, the MAD, from BitBays DDE+they are on testnet and still not complete while BitBay has practically everything+BitBay has rolling peg

lijoe408

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Activity: 434

Merit: 251

Quote from: Zimtente on August 14, 2017, 02:17:31 AM

does this http://particl.io/ compare anyway to bitbay?

Supposedly they are years behind bitbay in development. I heard they tried to reverse engineer the bithalo technology that David developed before when they were Shadowcash, but ended up failing. Whats sad is that none of that seems to matter as they're got active marketing and are 4-5x times bitbay's marketcap currently.

I think bitbay seriously needs a rebrand and a professional marketing firm like the one NEO used to catapult themselves. After rolling peg this should seriously be given some consideration. I just googled bitbay and the top 4 newsarticles were releases for bitbay.net. This is seriously confusing to potential investors or anyone coming into the space.

lijoe408

sr. member

Activity: 434

Merit: 251

Quote from: Munti on August 12, 2017, 07:29:18 PM

Quote from: Mr. Regi on August 12, 2017, 12:48:50 PM

Quote from: cryptohunter on August 12, 2017, 10:56:46 AM

there is simply no arguing against double deposits it simply makes perfect sense .. especially since it is variable and has a reputation system.
Like david says comparing to the fees you will be saving on ebay the odds simply stack up in the favour of dd. He has listed 10% that is nothing it if far greater than that on many purchases especially with the auto added international scam fees and other additions.

this is a waste of time all you need to do is study it and factor in that it is variable and has reputations system and the fees saved.... it just destroys ebays /paypals current model

even this though is not the main feature with bitbay for me.

the rolling peg and all the other possible usecases for bitbay core are huge.

the speed of development seems slow because david is not good at overselling his product like all other projects that almost have you believe they have these big plans ready to go when in reality they are not even 10% there and probably will never get to 50% ever.
However if david is actually still saying the peg, api and all other road map features will be done by end of year. This is still a huge leap past 99% of shit ico dreams and talk bullshit worth 100's Millions.

I feel (could be wrong) we are still be pushed lower for those whales to accumulate more. This is good for me because I am kicking myself less for not buying more when it was sub 500 I am gradually stacking more.

I still feel a masternode or tiered pos system based on amount held and duration held is key. The peg will null that I guess so have to just wait for that.

I can not wait for the day I see a huge green candle for bitbay it will be one of the most freaky REAL green candles we will ever see.

Double deposit is really THE shit, arbitrated escrow I find really silly and useless. Nobody except the 2 parties can know who's wrong. The double deposit simply makes stealing disappear, it prevents it.
I think it's really too bad this project didn't have a decent marketing seeing for how long it has been existing up till now, but at the same time I'm glad, because otherwise I would have never been able to buy it at such an undervalued price.

The idea of masternode or staking with duration integrated would be so awesome Shocked

Maybe you could also add that people with frozen coins receive even more, thus encouraging more holding and more freezing among buyers. Wink

We don't need masternodes to keep coins away from the exchanges. The double deposit will do that job nicely once the market gains tracktion

That's way too hopeful. The marketplace would have to be used pretty actively. You need money to bring it to that point. Masternodes don't just lock up coins, a portion of the earnings can be funneled back into a dev/marketing fund. There is definitely a need for that to speed things alone. Maybe a system can be implemented where a masternode is required to create a private marketplace and receive a private key for that marketplace. That requires that anyone who wants to create a marketplace to be vested into the platform and thus creates an incentive to maintain integrity.

Zimtente

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Quack.

does this http://particl.io/ compare anyway to bitbay?

Mr. Regi

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Quote from: theSC4RE on August 13, 2017, 02:29:50 PM

Quote from: Mr. Regi on August 12, 2017, 04:23:43 PM

Quote from: aidia on August 12, 2017, 04:12:19 PM

hi bitbay devs, any news on the rolling peg?

Apparently the rolling peg is expected for Q4 2017, but as it is a piece of technology that is completely new and never made before, it's not 100% certain.

Well it needs to hurry up or something because its going nowhere but downhill

The whole altmarket was going down man, in fiat the price hasn't changed that much.
I am going to buy some more, so it's good for me Grin

theSC4RE

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Quote from: Mr. Regi on August 12, 2017, 04:23:43 PM

Quote from: aidia on August 12, 2017, 04:12:19 PM

hi bitbay devs, any news on the rolling peg?

Apparently the rolling peg is expected for Q4 2017, but as it is a piece of technology that is completely new and never made before, it's not 100% certain.

Well it needs to hurry up or something because its going nowhere but downhill

Mr. Regi

newbie

Activity: 40

Merit: 0

Quote from: cryptohunter on August 12, 2017, 07:45:13 PM

Quote from: Mr. Regi on August 12, 2017, 07:35:15 PM

Quote from: Munti on August 12, 2017, 07:29:18 PM

Quote from: Mr. Regi on August 12, 2017, 12:48:50 PM

Quote from: cryptohunter on August 12, 2017, 10:56:46 AM

there is simply no arguing against double deposits it simply makes perfect sense .. especially since it is variable and has a reputation system.
Like david says comparing to the fees you will be saving on ebay the odds simply stack up in the favour of dd. He has listed 10% that is nothing it if far greater than that on many purchases especially with the auto added international scam fees and other additions.

this is a waste of time all you need to do is study it and factor in that it is variable and has reputations system and the fees saved.... it just destroys ebays /paypals current model

even this though is not the main feature with bitbay for me.

the rolling peg and all the other possible usecases for bitbay core are huge.

the speed of development seems slow because david is not good at overselling his product like all other projects that almost have you believe they have these big plans ready to go when in reality they are not even 10% there and probably will never get to 50% ever.
However if david is actually still saying the peg, api and all other road map features will be done by end of year. This is still a huge leap past 99% of shit ico dreams and talk bullshit worth 100's Millions.

I feel (could be wrong) we are still be pushed lower for those whales to accumulate more. This is good for me because I am kicking myself less for not buying more when it was sub 500 I am gradually stacking more.

I still feel a masternode or tiered pos system based on amount held and duration held is key. The peg will null that I guess so have to just wait for that.

I can not wait for the day I see a huge green candle for bitbay it will be one of the most freaky REAL green candles we will ever see.

Double deposit is really THE shit, arbitrated escrow I find really silly and useless. Nobody except the 2 parties can know who's wrong. The double deposit simply makes stealing disappear, it prevents it.
I think it's really too bad this project didn't have a decent marketing seeing for how long it has been existing up till now, but at the same time I'm glad, because otherwise I would have never been able to buy it at such an undervalued price.

The idea of masternode or staking with duration integrated would be so awesome Shocked

Maybe you could also add that people with frozen coins receive even more, thus encouraging more holding and more freezing among buyers. Wink

We don't need masternodes to keep coins away from the exchanges. The double deposit will do that job nicely once the market gains tracktion

What do you mean by that?
How will double deposit help in that?

because it ties up a lot of coins in transactions.

but

tiered pos levels based upon amount held and duration held would be very attractive to investors.

it is probably quite difficult to implement else why would every pos coin not go for this? it encourages saving and accumulating and would require something huge to crash the market. If top level was attained by holding 5M for at least 1 year without spending could be interesting

Of course the tiers would have to be well thought out.

However david assures me the peg is better still so guess we need to wait and see that in action. Sounds great.

Quote from: Munti on August 12, 2017, 07:58:00 PM

Quote from: Mr. Regi on August 12, 2017, 07:35:15 PM

Quote from: Munti on August 12, 2017, 07:29:18 PM

Quote from: Mr. Regi on August 12, 2017, 12:48:50 PM

Quote from: cryptohunter on August 12, 2017, 10:56:46 AM

there is simply no arguing against double deposits it simply makes perfect sense .. especially since it is variable and has a reputation system.
Like david says comparing to the fees you will be saving on ebay the odds simply stack up in the favour of dd. He has listed 10% that is nothing it if far greater than that on many purchases especially with the auto added international scam fees and other additions.

this is a waste of time all you need to do is study it and factor in that it is variable and has reputations system and the fees saved.... it just destroys ebays /paypals current model

even this though is not the main feature with bitbay for me.

the rolling peg and all the other possible usecases for bitbay core are huge.

the speed of development seems slow because david is not good at overselling his product like all other projects that almost have you believe they have these big plans ready to go when in reality they are not even 10% there and probably will never get to 50% ever.
However if david is actually still saying the peg, api and all other road map features will be done by end of year. This is still a huge leap past 99% of shit ico dreams and talk bullshit worth 100's Millions.

I feel (could be wrong) we are still be pushed lower for those whales to accumulate more. This is good for me because I am kicking myself less for not buying more when it was sub 500 I am gradually stacking more.

I still feel a masternode or tiered pos system based on amount held and duration held is key. The peg will null that I guess so have to just wait for that.

I can not wait for the day I see a huge green candle for bitbay it will be one of the most freaky REAL green candles we will ever see.

Double deposit is really THE shit, arbitrated escrow I find really silly and useless. Nobody except the 2 parties can know who's wrong. The double deposit simply makes stealing disappear, it prevents it.
I think it's really too bad this project didn't have a decent marketing seeing for how long it has been existing up till now, but at the same time I'm glad, because otherwise I would have never been able to buy it at such an undervalued price.

The idea of masternode or staking with duration integrated would be so awesome Shocked

Maybe you could also add that people with frozen coins receive even more, thus encouraging more holding and more freezing among buyers. Wink

We don't need masternodes to keep coins away from the exchanges. The double deposit will do that job nicely once the market gains tracktion

What do you mean by that?
How will double deposit help in that?

When you post a contract for something you want to sell, you also deposit. Say you are selling a $100 item. Then you deposit $100. How long does it take on average before an item is sold? 20 days? (Remember some items are never sold) Let's say 20 days for now. So that's 20 days that $100 are locked in deposit. Then someone buys it and puts up their $100 deposit. How long does it take to ship the item? 2-3 days domestic? Up to 30 days international? Lets say 10 days on average. And remember the sellers deposit is also locked up during shipping. So that's sellers $100 locked up for 30 days + buyers $100 locked up for 10 days. A total of $100 locked up for 40 days. That means an average turnover of $1000 a day in our market will create a demand for Bay in the value of $40 000. A ratio of 1 to 40!

Ok I see thanks guys

If David says rolling peg is even better then I can't wait

Bee Cho Chen

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Quote from: dbc23 on August 12, 2017, 11:10:46 PM

Quote from: Bee Cho Chen on August 12, 2017, 03:09:15 PM

Once enough people realize that most of these ICOs are nothing but "hype and hope", they will eventually flock to projects that actually have working tech with real world uses (like BAY). BitBay has one of the most extensive lists of useful features in all of crypto. It is an extremely versatile and multifaceted coin. The amount of real world use cases for it are almost endless. BAY already has a WORKING decentralized market with unbreakable smart contracts. The upcoming rolling peg will just be icing on the cake. I'm not gonna give any names, but can somebody please give me a reasonable reason why other projects that would be considered competition, are worth more than BAY, when BAY is arguably better than all of them? It absolutely makes no sense.

If anybody isn't familiar with BAY, just go check out its "Wall of Features"

OR (and I fear more likely scenario) the ICO vaporware slowly becomes apparent over the next 6mo-2 years and all the investors dump, then cash out at a loss thus creating the SECOND great crypto crash.

That is definitely a possibility. Hopefully people wake up before it comes to that

Bee Cho Chen

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Quote from: barabbas on August 12, 2017, 04:38:49 PM

Quote from: Bee Cho Chen on August 12, 2017, 03:09:15 PM

Once enough people realize that most of these ICOs are nothing but "hype and hope", they will eventually flock to projects that actually have working tech with real world uses (like BAY). BitBay has one of the most extensive lists of useful features in all of crypto. It is an extremely versatile and multifaceted coin. The amount of real world use cases for it are almost endless. BAY already has a WORKING decentralized market with unbreakable smart contracts. The upcoming rolling peg will just be icing on the cake. I'm not gonna give any names, but can somebody please give me a reasonable reason why other projects that would be considered competition, are worth more than BAY, when BAY is arguably better than all of them? It absolutely makes no sense.

If anybody isn't familiar with BAY, just go check out its "Wall of Features"

Because it is a CONFIRMED, PROVEN, scam?

Can you please elaborate?

I have dealt with BitBay for several months now and nothing even remotely close to bad has happened to me. If anything, I have received free coins from completing the practice transaction faucet and even more free coins from staking BAY in my wallet... All I see is one of the most underrated projects in crypto lead by an extremely talented and passionate developer backed by an awesome team and community

dzimbeck

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Quote from: dbc23 on August 12, 2017, 11:10:46 PM

Quote from: Bee Cho Chen on August 12, 2017, 03:09:15 PM

Once enough people realize that most of these ICOs are nothing but "hype and hope", they will eventually flock to projects that actually have working tech with real world uses (like BAY). BitBay has one of the most extensive lists of useful features in all of crypto. It is an extremely versatile and multifaceted coin. The amount of real world use cases for it are almost endless. BAY already has a WORKING decentralized market with unbreakable smart contracts. The upcoming rolling peg will just be icing on the cake. I'm not gonna give any names, but can somebody please give me a reasonable reason why other projects that would be considered competition, are worth more than BAY, when BAY is arguably better than all of them? It absolutely makes no sense.

If anybody isn't familiar with BAY, just go check out its "Wall of Features"

OR (and I fear more likely scenario) the ICO vaporware slowly becomes apparent over the next 6mo-2 years and all the investors dump, then cash out at a loss thus creating the SECOND great crypto crash.

Possible that's why I'm trying to finish the features. It's a bit of a race. We have to try and make sure people don't invest in those. They fake volume and people need to be aware of it.

dbc23

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Quote from: Bee Cho Chen on August 12, 2017, 03:09:15 PM

Once enough people realize that most of these ICOs are nothing but "hype and hope", they will eventually flock to projects that actually have working tech with real world uses (like BAY). BitBay has one of the most extensive lists of useful features in all of crypto. It is an extremely versatile and multifaceted coin. The amount of real world use cases for it are almost endless. BAY already has a WORKING decentralized market with unbreakable smart contracts. The upcoming rolling peg will just be icing on the cake. I'm not gonna give any names, but can somebody please give me a reasonable reason why other projects that would be considered competition, are worth more than BAY, when BAY is arguably better than all of them? It absolutely makes no sense.

If anybody isn't familiar with BAY, just go check out its "Wall of Features"

OR (and I fear more likely scenario) the ICO vaporware slowly becomes apparent over the next 6mo-2 years and all the investors dump, then cash out at a loss thus creating the SECOND great crypto crash.

dzimbeck

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Quote from: bamsterdam on August 12, 2017, 09:19:32 AM

buyer 1 wants to buy a product worth of $1000 he has to send the seller $1000 and make a deposit of 1000 in the smart contract with the seller. The seller also have to put in $1000 in the contract. If the buyer dont gets his product he loses the original $1000 (cause he already send those) and he can choose to blow up the contract which hold the shared $2000 and that will get burned. So the seller would lose $1000 and the buyer $2000. This is how its works right? So even if the seller didnt deliver the buyer could lose another $1000 by blowing up the dubbel deposit contract?

So why cant you have 1 contract where the buyer send $1100 to the contract (1000 for the product and 100 for the insurance) and the seller also has to put in $1000 in the contract. Now if the buyer gets no product he loses $1100 and the seller $1000. Maybe you can even put the extra 100 that if the contract blows up the 100 will get back to the buyer? If the buyer does get his product the contract is released the seller gets his $1000 and the buyer gets his $100 back

What do I have wrong since this seems to be more logical to me there must be something I dont understand

Hey well you can have custom deposits. You can even have unilateral contracts. However you can't structure 100 to go back to someone if it "blows up" as who would determine that? It would then serve no purpose to add the 100 in the first place other than to make it not liquid.

But yes in general you have the right idea. Remember this is a trust building exercise. If I don't trust you then we set up the 100% deposits. If I do trust you then we set it lower or don't even add it at all.

Realize that if the buyer posts an advance payment for an item with no deposit and the sellers has no deposit, the odds that the seller will blow up the contract is also extremely low. The buyer receiving the item to not release payment is extremely low because he can't get it back. The only thing that arises is an extortion situation which is why there is a time limit and deposits to begin with. But if the parties gain substantial trust on the markets then why not.

Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 134. (Read 542140 times)