Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 163. (Read 542140 times)

Well, Doge is a rather safe place to hide your money if that's what you want to do. Some folks don't want it to appreciate, they just want it to be invisible. There are all sorts of reasons to hold crypto and not all are looking for the price to change...

Anyone else reached out to btc38? or any other exchanges even cryptopia?

Be great if we are one of the first on blocknet too. I think DEX's are going to be huge in the next year or 2.

Yeah I tried calling Steven and Lin there was no chance for me. I had 3 btc stolen on their exchange, no luck getting it back. They are so rotten i wish i had time to fly to china. Thats the only language they understand.

As far as things like court obviously its a waste of our time. As I've been spending 2 years coding this and the community just keeps spreading and our slack is over 500 members.

I really hope anyone who had funds there gets them. There was months of warnings of delisting but obviously its something that can be missed if you aren't always checking this thread. I highly doubt they sent emails. Knowing Lin, he probably sold the coins that weren't his. And Steven started Qtum under the name Patrick and is stealing again. Even when everyone knew it, Ver and the others still backed Qtum. Totally absurd.

Whatever you guys need to do, even if it means tweeting them or sending PMs. Be persistent and please let me know how it goes.

This isn't true. The deposits are cusomtized. And buyer advances payment usually. So if buyer doesn't release funds he loses advanced payment and deposit but deposit can be 25% or 50% or even 0%. There is even unilateral decision a guarantor contracts.

So you as a seller can easily sell the car with just a small amount of collateral. A power seller who has a good reputation may place much smaller deposits.

Everything in this software is customizable. We only recommend equal deposit with new untrusted sellers. But there is also a reputation system and their risk of default is mathematically predicable. When we do the rolling peg even having frozen funds as.collateral may be an option.

The wallet shows an estimate of how long in relation to your coins if you hover over it, if I remember correctly

To execute a Smart Contract, both parties must keep more or equal amount of negotiation.This is makes it affordable only to privileged ones.
1.If I want to sell say my bmw car which is the only valuable asset I have when I am broke, I can not create a Smart Contract to sell through bitbay because I need equal amount of my car value to keep in a joint account.
2.If buyer also keep only half amount in joint account,he would let Funds destroyed once he get car because he will only lose %50 of car value

is that just under 1M or just under 1000?

if the latter then I think it could take some time and until the stake % is fixed I wouldnt bother about it anyway unless you just want to see how it works.

Right now its 1.5 coins and will soon be 20.5 when its fixed soon.

Hi guys, sorry for the noob question, I have 999.999 coins in my Bitbay market wallet to test the system, I have it unlocked and staking enabled, but Im not getting any rewards from this. How long does it normally take to see earnings from staking?

Thanks

Well it's weird they have no withdrawal option, but it's good news you can still find the balance by using the link you provided. I think we should all contact them and otherwise start a twitter campaign lol.

Perhaps if enough of us spring from the woodwork's they'll do something about letting us withdrawal; as to avoid bad PR.

They wouldn't have just sold off our BAY for themselves would they? How do they think that would turn out for them in the long run?

I can see my balance! Yeh just how do I withdrawal. Submitted a ticket, fingers crossed.

https://bter.com/trade/bay_btc

My balance still shows just no market and ability to withdraw. I messaged support. Still waiting on a response. Their reputation is so bad as it is, I dont know what incentive they would have to give me back my funds.

Thanks for the quick reply. Real shame that my BAY was basically stolen. Has David any facility to reissue lost funds or did the whole community basically get robbed? Is this a new coin/blockchain or the same one?

Hello,

  My $50 Steam Gift Card is now re listed on the Bitbay Market for $40

Thanks

Read this quote from David explaining the situation to someone else:

"Unfortunately BTER owner is a thief. In addition to the problems we had with them, they also stole millions of btc in a "hack" later, dumped their bay and delisted it. If you want it back you will have to talk to the owner Lin or try filing a ticket or complaint with them. To be honest, i'm shocked the exchange still exists after everything they have done."

Lin from BTER screwed us all back then, no doubt about that but, through his tireless efforts and hard work, David has brought BAY back and is taking it into the future with one the most comprehensive feature sets in crypto. I doubt very much you will get anything from Lin, the thief who owns BTER but, you could buy BAY now and reap the rewards in the near future as this project is taking off...

Pretty sure I invested in BAY at the ICO. I logged into BTER and nothing there. What happened to BAY and is there a way to get my coins?

Thanks a lot for taking a time off to explain this.You have cleared my doubts.Yes I consider myself lucky to be the early adopter but thats not where I stop.I am going to increase my holding gradually

Well Ethereum has funding and we don't. BitHalo was before Ethereum and BitBay is the coin made based on Halo. The reason we are higher than them is because the idiot founders stole the funds to harm BitHalo and my rep so we had to operate for 2 years without funding. That makes is hard for me to market and code.

Eth has 10 marketers for each coder and i think they don't really even care about making a product. They raised 100+million easy especially now with the spike and their user interface is a joke compared to the one we have here which was essentially free.

So honestly if we had funding we would have solved all of cryptos issues by now.

But the good news is, things have been working in our favor lately, the founders are a distant memory, BitBay slack has around 500 members and we see new ones daily and honestly this is a great start considering the peg hasn't even started yet.

Also the amount of BitBay that gets frozen has nothing to do with how much you hold.

If you have 10 coins at $1 and 50% freeze you have 5 frozen and 5 liquid. If the price rises due to that freeze to $2 then you still have $10 liquid and now more money frozen except the frozen funds are a more speculative price (potentially another 10 dollars). If someone has 100,000 coins and its worth $1 and 50% freeze they have 50k frozen and liquid at $2 is still 100k

So the freeze doesn't have anything to do with how many coins you hold. It works fairly for everyone. Be happy you are early and can hold coins when they are fully liquid as its a nice advantage to be early.

---

Unfortunately BTER owner is a theif. In addition to the problems we had with them, they also stole millions of btc in a "hack" later, dumped their bay and delisted it. If you want it back you will have to talk to the owner Lin or try filing a ticket or complaint with them.

To be honest, i'm shocked the exchange still exists after everything they have done.

Bitbay was started 3 years back more or less same time when etherium was launched.Eth has grown exponentially since then while bitbay is still struggling around.What is the reason of such a slow growth?
If I own BitBay,some percent of it will always be frozen it is fine if I have lots of bitbay but for a small holder it is a hurdle.

Still have BAY on BTER but it has been delisted. Probability of retrieving these coins?