Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 174. (Read 542140 times)

While I do think Bay will eventually hit $1, I don't think it will be anytime soon. With that said, I do think there is a good chance we get over $50,000,000 market cap sometime in the near future

Market cap is low atm. In the next few weeks the price will increase, for sure.

But 1 USD won't happen soon. You know the current price is below $ 0.01, right?

Bitbay is looking very attractive after some positive news dev has very great plan about this coin. I had decent amount in my bag hopefully we will get $1 in next few weeks.

Yes. Those elite exchange may well consider holding quite a bit of bay and block. Best to be prepared.

Hopefully they will be testing soon.
But yeah I agree, this will open the door for a lot of possibilities!
And hopefully the elite exchanges that could care less about innovating, will come to realize the term, "evolve or die".

Once BitBay completes the rolling peg, we could be a huge asset for Blocknet's exchange as I'd love to see them also create a trustless or semi-trustless loaning service for margin trading.
Margin trading requires a stable currency as a base to loan out leverage. Fiat is out of the question, regulation is just too retard to follow. After BitBay implements the rolling peg, the stability factor would match it perfect for such a setup with Blocknet.

And if such a design needed deposits (I don't know for sure), we could still deposit BitBay to the Blocknet exchange through a semi-trustless joint account system that David's already added to the Halo Client.
It's basically a multi-signature wallet. The loaner would hold 1 key and the exchange would hold one key. All transfers must first be approved by either the loaner or the exchange. And for extra security the exchange  could add 2fa as well.
And if I'm correct on my assumption, since we will soon have the locktime / parked coins feature, we can basically setup an joint account loan with Blocknet that auto expires after a set time, i.e., 1 month, 3 months, etc.
So this way if they somehow lost their key to your joint account wallet, you'd still get them back once the account expires.
And to top that all off with the fact that joint accounts can stake! And they can stake without running into the security risk mining pools create, since joint accounts are independent of each other.

So if a semi-trustless margin trading loaning service was provided, not only would loaners earn interest from loaning to leverage traders, they could also safely earn stake reward in the process! And since BitBay is implementing a rolling peg, and not a hard peg, price still has the potential to fluctuate under stable conditions. So loaners have the potential of compounding their interest earnings on multiple fronts!

So without a need for fiat red tape regulation, margin trading can now existing via 100% cryptocurrency backing and at a minimum of a semi-trustless security protocol, which is exponentially more secure than what status quo exchanges currently provide!

It's time the elite exchanges start to wake up! They are running out of time!

who here has tested blocknet?
also how much testing of bitbay on blocknet has been done yet
someone here has completed a successful trade on blocknet exchange yet?
david have you seen it in action and working correctly and confident it will be like the dex you envisioned?
I think if blocknet works as expected and bay is one of a handful of coins there working from the offset this could be great for bay.

I gotcha, cool!

Positive things going on for BitBay

Great been waiting for it to get back. Still lots of room to grow especially with the fork happening

Bay just hit 550 sats a little bit ago

MUNTI already answered. Not sure where your post is coming from. Everyone in this community is very helpful

Dan said he was adding it.  Was in blocknet slack

What is to change? I think u will never get this answered.  Even if u do, the answer to this question will bum u out and u will regret that u ever raised this concern. What is to change? Nothing, and there's no need to conduct any forks unless u struggle mental illness or try to do whatever it takes to keep feeling comfy. These forks really have no purpose other than to shit in ur pan if u're a holder.

Is that official? I don't see any response to David's inquiry about being added in their thread?

I agree. Getting on Cryptopia would be great

Bay is about to be added to Blocknet Decentralised Exchange so price may rise.  https://bitcointalk.org/index.php?topic=829576.6620

No, we do not plan to have masternodes. The daily rewards should be quite good without though because this is POS3. The stake reward for Bay is 1% per anno (after the fork discussed above). But only those that are actually online staking get this reward. This means that they are likely to get a lot more than 1% because many do not stake at all. If only 1 person was staking all year, he would get all of the stake wich would be approx. 10 mil Bay. We estimate that the stake reward could be as much as 5% for those that stake 24/7.

Not masternodes but perhaps tiered POS is being considered..based upon amount of bay held and duration of bay locked up. This will give the same motivation to accumulate and hold rather than the cyclical dump and buy lower dump and buy lower. Punish those pests.

I also think we should try to explore getting on btc38 and cryptopia. Of course polo and other larger exchanges would be nice. Any other exchange would be useful as there is no chance of arbitrage at all at the moment and that builds volume. Some trades make all their money from that.

Masternodes also introduce points of failure and smell of centralization. If done at all, they must be crafted very carefully. I can't answer for David but, I don't think BAY is introducing masternodes.

Devs are you thinking about masternodes ? Yes or not , In my opinion masternodes are the best for Daily rewards and altcoins.
Thx for read and Bay to the moon!!!!