Author

Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 139. (Read 542151 times)

legendary
Activity: 2412
Merit: 1044
Code:
: wallet.dat corrupt, salvage failed


wallet.dat: BDB0090 DB_VERIFY_BAD: Database verification failed

BDB1009 /home/xxxx/.bitbay/wallet.dat: unsupported btree version: 10


any ideas ?

thanks
https://stackoverflow.com/questions/22389442/bitcoin-wallet-dat-corrupt-salvage-failed?rq=1

https://bitcointalksearch.org/topic/walletdat-corrupt-salvage-failed-after-update-of-bitcoin-qt-158951
newbie
Activity: 17
Merit: 0
Understood, thought that might be a possibility, but won't the high outlay be a barrier to entry?  For the uninitiated, I could see how putting 100% on the line would make them uneasy or irate for a variety of reasons.  In many, many cases it would be entirely impractical.  The folks using these marketplaces by and large won't be rich.  Their net worth could (and in practice, will be) tied to the very items they're selling.  For the guy listing the 10,000 BAY comic book, that could be an entire month's salary locked up in crypto limbo until the sale is completed...an amount our fictional seller cannot afford to put aside.

Is there any way to incentivize the deposit and reward completed transactions?  For example a lottery wherein one could yield anywhere from 0.0000001% to 10% of the deposit for a sucessful transaction?  There are a variety of interesting ways to implement the odds of high payout, to further incentivize good and civil conduct.

The BAY to fund such a system would have to come from somewhere...where I don't know...but I believe it will take more than 0% fees to overcome aversion to 100% collateral.

Just kinda spitballing as I really like this project and want to see it succeed.
newbie
Activity: 62
Merit: 0
In reading articles and the like the issue of trust between buyer and seller is glossed over.  BitBay purports a certain sum held in contract by both parties is an unequivocal gurantee scamming won't occur.  To me, it seems unless that amount is 100% of the agreed purchase price it will stack the deck against sellers and invite buyers [scammers] to purchase goods at a discount.

For example, lets say someone has a comic book for 10,000 BAY with collateral of 1000 BAY.  What's to stop the buyer from saying he never got it, sacrificing the 1000 BAY, and essentially get the comic at a 90% discount?

Or is the problem the opposite?  I.e., once funds have transferred to the seller, is the onus then on the seller to issue a refund if the buyer has a problem?  Flipping the script, what's to stop a seller in the above senario from selling a buyer an empty box for what amounts to 9,000 BAY?

This collateral system is offered as a panacea to limit or eliminate fraud, but I can't quite see how it will work in practice...

no usually the deposit are double , for the comic book the buyer will put 10,000 plus anther 10,000 the seller will put 10,000 and send you the comic book which is worth 10,000. In your example the buyer is putting 11,000 in the deposit he is not losing 1000 but 11,000.

You wont sign the double deposit if you received  a empty box.
newbie
Activity: 17
Merit: 0
In reading articles and the like the issue of trust between buyer and seller is glossed over.  BitBay purports a certain sum held in contract by both parties is an unequivocal gurantee scamming won't occur.  To me, it seems unless that amount is 100% of the agreed purchase price it will stack the deck against sellers and invite buyers [scammers] to purchase goods at a discount.

For example, lets say someone has a comic book for 10,000 BAY with collateral of 1000 BAY.  What's to stop the buyer from saying he never got it, sacrificing the 1000 BAY, and essentially get the comic at a 90% discount?

Or is the problem the opposite?  I.e., once funds have transferred to the seller, is the onus then on the seller to issue a refund if the buyer has a problem?  Flipping the script, what's to stop a seller in the above senario from selling a buyer an empty box for what amounts to 9,000 BAY?

This collateral system is offered as a panacea to limit or eliminate fraud, but I can't quite see how it will work in practice...
full member
Activity: 134
Merit: 100
(-(-_(-_-)_-)-)
Code:
: wallet.dat corrupt, salvage failed


wallet.dat: BDB0090 DB_VERIFY_BAD: Database verification failed

BDB1009 /home/xxxx/.bitbay/wallet.dat: unsupported btree version: 10


any ideas ?

thanks
legendary
Activity: 2412
Merit: 1044
You do have a point Cryptohunter. We are rather busy atm, but I will do a little research on the subject when I get the time. Would have to be some sort of sidechain solution though. We don't want to get in Ethereums situation with a blockchain that grows 1 GB each day. Pm me any relevant links, and I'll look at it when I can.



Totally agree we don't want to start bloating our blockchain. Sidechains would be the ideal way to go.

Anyone know of any projects implementing this type of system yet?



Maybe something like komodo?
Their chain is locked to the bitcoin blockchain.
You could lock a sidechain to bitbays-chain.

Yeah lets keep researching those other projects. Lisk has sidechains, I think... Ardor has them. But which project has them so we can let people build on us in a really easy way? Is there a codebase we can easily import? This is more of a long term thing to research. Are these sidechains secure and distributed?
newbie
Activity: 33
Merit: 0
You do have a point Cryptohunter. We are rather busy atm, but I will do a little research on the subject when I get the time. Would have to be some sort of sidechain solution though. We don't want to get in Ethereums situation with a blockchain that grows 1 GB each day. Pm me any relevant links, and I'll look at it when I can.



Totally agree we don't want to start bloating our blockchain. Sidechains would be the ideal way to go.

Anyone know of any projects implementing this type of system yet?



Maybe something like komodo?
Their chain is locked to the bitcoin blockchain.
You could lock a sidechain to bitbays-chain.
newbie
Activity: 125
Merit: 0
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
You do have a point Cryptohunter. We are rather busy atm, but I will do a little research on the subject when I get the time. Would have to be some sort of sidechain solution though. We don't want to get in Ethereums situation with a blockchain that grows 1 GB each day. Pm me any relevant links, and I'll look at it when I can.



Totally agree we don't want to start bloating our blockchain. Sidechains would be the ideal way to go.

Anyone know of any projects implementing this type of system yet?
newbie
Activity: 17
Merit: 0
Any solution to the identically named BitBay exchange, other than hope for its immanent demise?

Going for the immanent demise  Cheesy

Seriously, there isn't much we can do about it except working on SEO. And SEO work has started as you can see from our community updates.

Even with SEO work, I think they'll be in the top 3-5 search results regardless.  It can get very confusing to the new user when hearing about bitbay for the first time and finding the exchange instead.  Everything from the logo to the colorscheme is very similar.

It's a legitimate problem, there's no doubt of that.  Has anyone on the team probed the legalities of the trademark?  We're talking international law (in eastern europe no less) so it's a shot in the dark, but due dilligence in matters such as these separates the chaff from the wheat.  It's one of those forest for the trees issues, deceptively critical for the project's success.

Knowing Poles they'll ask for money if you try and play nice, so maybe a cease and desist right out the gate is the way to play it.  Doing nothing or going with a passive option like SEO work is not your path to success.
sr. member
Activity: 434
Merit: 251
Any solution to the identically named BitBay exchange, other than hope for its immanent demise?

Going for the immanent demise  Cheesy

Seriously, there isn't much we can do about it except working on SEO. And SEO work has started as you can see from our community updates.

Even with SEO work, I think they'll be in the top 3-5 search results regardless.  It can get very confusing to the new user when hearing about bitbay for the first time and finding the exchange instead.  Everything from the logo to the colorscheme is very similar.
legendary
Activity: 2412
Merit: 1044
You do have a point Cryptohunter. We are rather busy atm, but I will do a little research on the subject when I get the time. Would have to be some sort of sidechain solution though. We don't want to get in Ethereums situation with a blockchain that grows 1 GB each day. Pm me any relevant links, and I'll look at it when I can.



Exactly thanks Munti, yeah we just need to research other sidechain solutions to see what has been done so far. It is only good if there is a very easy way to deploy the sidechains. I'm not sure any coin has done that yet but we will keep an eye out for a scalable solution.
hero member
Activity: 661
Merit: 504
Any solution to the identically named BitBay exchange, other than hope for its immanent demise?

Going for the immanent demise  Cheesy

Seriously, there isn't much we can do about it except working on SEO. And SEO work has started as you can see from our community updates.
hero member
Activity: 661
Merit: 504
You do have a point Cryptohunter. We are rather busy atm, but I will do a little research on the subject when I get the time. Would have to be some sort of sidechain solution though. We don't want to get in Ethereums situation with a blockchain that grows 1 GB each day. Pm me any relevant links, and I'll look at it when I can.

newbie
Activity: 17
Merit: 0
Any solution to the identically named BitBay exchange, other than hope for its immanent demise?
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
BitBay Community Update - July 31st


Our marketing team has completed their strategy for marketing the future release of the CLTV update.We will spend ample time to market this to various media outlets. As this will be a great milestone for us. BitBay will be the first coin to have checklocktimeverify (CLTV) built into the Client UI - not just some protocol that sits ‘under the hood’.


We wish to thank all the community that has taken the time to complete our marketing survey. If you haven’t already please feel free to do so. Remember, we will provide a 2000 Bay reward for the person who provides the best suggestion regarding BitBay’s future marketing and development!
You can take the survey here: https://bitbay.typeform.com/to/RHhm6b


The French marketing campaign continues. Our lead marketer, lude, will be speaking  live with the Community "La Baleine"!
And thanks to ‘little_round’ for helping him with this campaign!  


We are please to announce we will be listed on the Chinese BTC100.com exchange! They are currently revamping their website so we will have to wait a couple weeks before the listing will take place.
We’ve been listed on Cryptopia exchange as well!
After the rolling peg, these exchanges will hopefully be able to see the potential we can provide them as a decentralized hedging tool, and the potential to provide them with leverage(margin) trading as well - which will allow them to bypass the red tape involved with utilizing fiat as a leveraging currency!


Our SEO team is making progress. They are busy with our survey, building an SEO ‘turk team’, and pushing to keep our pos. 2 rankings for [bitbay]!


Our graphic designer, fridenhood, completed the draft of the first OP infographic revision bounty. We are make some minor alterations and hope to move to the next 2 ASAP.

As always - thanks for supporting BitBay!


Great news all round.

I hope btc38 will take us on soon too. Although cryptopia is growing well.

I see a lot of hype building over this stox ico. Prediction markets again. Bitbay is ripe for this kind of thing really.
Is there anyway we can issue tokens to fund coding out such things on top of bitbay?
What other ways are there to incentivise groups of developers to start learning to code out specific apps on top of bitbay?
David has provided a core product with such vast scope for specific apps and functions how do we attract and allow other dev teams to fund themselves to develop on top of it. This is the core issue i see when competing head on with other smart contract projects. I mean stratis is 500+M and i see no real reason for it to be 25x the cap of bitbay at all.

Well half the stuff on the top has no reason to be there... what is "Bitconnect" what is "Dogecoin". We can build on top of BitBay and that may come in time. First we get the remaining features done and see what happens. It's exciting stuff. We are still years ahead.

I more meant like things on top of ethereum... like this stox ico and augur etc. The perceived value of ethereum waves and stratis is because people see other teams building out apps on top of those core projects. NONE of these on top apps even work yet though. Bitbay is perfect for prediction markets really to be built on top of. Bitbay really is like a more secure less tricky version of ethereum that can provide the basic functioning for useful apps without the complexity that is allowing ethereum based projects to be vulnerable to dao and other such loop holes. I think bitbays api will encourage other dev teams to build on top but  allowing them to crowdfund is harder without them being able to issue their own tokens I guess.
legendary
Activity: 2412
Merit: 1044
BitBay Community Update - July 31st


Our marketing team has completed their strategy for marketing the future release of the CLTV update.We will spend ample time to market this to various media outlets. As this will be a great milestone for us. BitBay will be the first coin to have checklocktimeverify (CLTV) built into the Client UI - not just some protocol that sits ‘under the hood’.


We wish to thank all the community that has taken the time to complete our marketing survey. If you haven’t already please feel free to do so. Remember, we will provide a 2000 Bay reward for the person who provides the best suggestion regarding BitBay’s future marketing and development!
You can take the survey here: https://bitbay.typeform.com/to/RHhm6b


The French marketing campaign continues. Our lead marketer, lude, will be speaking  live with the Community "La Baleine"!
And thanks to ‘little_round’ for helping him with this campaign!  


We are please to announce we will be listed on the Chinese BTC100.com exchange! They are currently revamping their website so we will have to wait a couple weeks before the listing will take place.
We’ve been listed on Cryptopia exchange as well!
After the rolling peg, these exchanges will hopefully be able to see the potential we can provide them as a decentralized hedging tool, and the potential to provide them with leverage(margin) trading as well - which will allow them to bypass the red tape involved with utilizing fiat as a leveraging currency!


Our SEO team is making progress. They are busy with our survey, building an SEO ‘turk team’, and pushing to keep our pos. 2 rankings for [bitbay]!


Our graphic designer, fridenhood, completed the draft of the first OP infographic revision bounty. We are make some minor alterations and hope to move to the next 2 ASAP.

As always - thanks for supporting BitBay!


Great news all round.

I hope btc38 will take us on soon too. Although cryptopia is growing well.

I see a lot of hype building over this stox ico. Prediction markets again. Bitbay is ripe for this kind of thing really.
Is there anyway we can issue tokens to fund coding out such things on top of bitbay?
What other ways are there to incentivise groups of developers to start learning to code out specific apps on top of bitbay?
David has provided a core product with such vast scope for specific apps and functions how do we attract and allow other dev teams to fund themselves to develop on top of it. This is the core issue i see when competing head on with other smart contract projects. I mean stratis is 500+M and i see no real reason for it to be 25x the cap of bitbay at all.

Well half the stuff on the top has no reason to be there... what is "Bitconnect" what is "Dogecoin". We can build on top of BitBay and that may come in time. First we get the remaining features done and see what happens. It's exciting stuff. We are still years ahead.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
BitBay Community Update - July 31st


Our marketing team has completed their strategy for marketing the future release of the CLTV update.We will spend ample time to market this to various media outlets. As this will be a great milestone for us. BitBay will be the first coin to have checklocktimeverify (CLTV) built into the Client UI - not just some protocol that sits ‘under the hood’.


We wish to thank all the community that has taken the time to complete our marketing survey. If you haven’t already please feel free to do so. Remember, we will provide a 2000 Bay reward for the person who provides the best suggestion regarding BitBay’s future marketing and development!
You can take the survey here: https://bitbay.typeform.com/to/RHhm6b


The French marketing campaign continues. Our lead marketer, lude, will be speaking  live with the Community "La Baleine"!
And thanks to ‘little_round’ for helping him with this campaign!  


We are please to announce we will be listed on the Chinese BTC100.com exchange! They are currently revamping their website so we will have to wait a couple weeks before the listing will take place.
We’ve been listed on Cryptopia exchange as well!
After the rolling peg, these exchanges will hopefully be able to see the potential we can provide them as a decentralized hedging tool, and the potential to provide them with leverage(margin) trading as well - which will allow them to bypass the red tape involved with utilizing fiat as a leveraging currency!


Our SEO team is making progress. They are busy with our survey, building an SEO ‘turk team’, and pushing to keep our pos. 2 rankings for [bitbay]!


Our graphic designer, fridenhood, completed the draft of the first OP infographic revision bounty. We are make some minor alterations and hope to move to the next 2 ASAP.

As always - thanks for supporting BitBay!


Great news all round.

I hope btc38 will take us on soon too. Although cryptopia is growing well.

I see a lot of hype building over this stox ico. Prediction markets again. Bitbay is ripe for this kind of thing really.
Is there anyway we can issue tokens to fund coding out such things on top of bitbay?
What other ways are there to incentivise groups of developers to start learning to code out specific apps on top of bitbay?
David has provided a core product with such vast scope for specific apps and functions how do we attract and allow other dev teams to fund themselves to develop on top of it. This is the core issue i see when competing head on with other smart contract projects. I mean stratis is 500+M and i see no real reason for it to be 25x the cap of bitbay at all.
sr. member
Activity: 1078
Merit: 310
AKA RJF - Member since '13
BitBay Community Update - July 31st

-SNIP-


Excellent work, you guys rock!

It is so uplifting to see people excited about Bay's future and working together to bring it about. It's been a long time coming. Keep up the great work!
legendary
Activity: 2412
Merit: 1044
BitBay in the Crypto Times top 10 alt coin list: https://youtu.be/-QLXQolfIcw

Wow thanks awesome! Thanks for showing us this.
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