Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 177. (Read 542140 times)
April 08, 2017, 02:50:07 PM
April 08, 2017, 01:10:24 AM
How safe do you think it is using VPS for staking?
It should be secure as long as you trust the host, passwords for unlocked wallet is stored in memory. Better is cold staking. Actually I've been wanting to test cold staking on VPS (staking with 2 comps but not on LAN) April 07, 2017, 04:10:00 PM
i agree with the dev tax/marketing tax!
This has been brought up recently and everyone seems to agree but maybe there will be another vote involved in the future to decide?
This has been brought up recently and everyone seems to agree but maybe there will be another vote involved in the future to decide?
where was it brought up? I didn't see anything about it? is this on the slack or something?
be a good move if it happens. No more asking for marketing budget.
Now we can all vote how it is spent too.
yes on slack
thanks, must have to try slack one of these times
April 07, 2017, 03:35:58 PM
i agree with the dev tax/marketing tax!
This has been brought up recently and everyone seems to agree but maybe there will be another vote involved in the future to decide?
This has been brought up recently and everyone seems to agree but maybe there will be another vote involved in the future to decide?
where was it brought up? I didn't see anything about it? is this on the slack or something?
be a good move if it happens. No more asking for marketing budget.
Now we can all vote how it is spent too.
yes on slack
April 07, 2017, 01:30:00 PM
i agree with the dev tax/marketing tax!
This has been brought up recently and everyone seems to agree but maybe there will be another vote involved in the future to decide?
This has been brought up recently and everyone seems to agree but maybe there will be another vote involved in the future to decide?
where was it brought up? I didn't see anything about it? is this on the slack or something?
be a good move if it happens. No more asking for marketing budget.
Now we can all vote how it is spent too.
April 07, 2017, 11:07:32 AM
i agree with the dev tax/marketing tax!
This has been brought up recently and everyone seems to agree but maybe there will be another vote involved in the future to decide?
This has been brought up recently and everyone seems to agree but maybe there will be another vote involved in the future to decide?
April 07, 2017, 10:18:26 AM
What is the POS returns on Bitbay? Monthly? Appx is fine.
.
It would be great to get more for holding longer
no spends at all for a month and hold over 100k staking at 2% for a year 3
" " 500k staking at 3.5% for a year 4.5
" " 1M staking at 4.5% for a year 6
10% tax for dev funding spent on things we vote for marketing etc.
these rates could be revised down as we need in the future once we are at 100M + cap
April 07, 2017, 09:48:24 AM
How safe do you think it is using VPS for staking?
April 07, 2017, 09:30:58 AM
It is 1% per year once we do the fork.
Keep in mind that this is POS3, so the stake will be divided between those that are actually online. This means that if only one wallet was staking it would get 10 mil Bay.
We estimate that the wallets that stake 24/7 will end up with 5% per year or thereabouts
April 07, 2017, 08:27:50 AM
What is the POS returns on Bitbay? Monthly? Appx is fine.
April 06, 2017, 10:12:46 PM
There already is a billion coins. Should it be increased with a higher percentage for stake? What percentage do you want to move to?
It is going to stay at 1%
But the stake reward is currently at the wrong value.
It's only producing 1.5 coins per block and should be producing 20.5
April 06, 2017, 10:08:50 PM
There already is a billion coins. Should it be increased with a higher percentage for stake? What percentage do you want to move to?
April 06, 2017, 12:02:09 PM
4.1M dump. That's good that whale got some cheap bay now so hopefully is on board long term.
that's one of the main issues though with bay no punishment for keep dumping and buying back cheaper - the current staking set up does not reward holding and collecting bay enough.
that's one of the main issues though with bay no punishment for keep dumping and buying back cheaper - the current staking set up does not reward holding and collecting bay enough.
We just voted on forking, so the stake will be adjusted. And because this is POS3, the stake can get pretty high when few ppl are staking
I think it's more a matter of perception. There will always be whales buying and dumping, no way to stop that, even if the price raises or the reward goes way up. I hold more BAY then that guy dumped but I'm in it for the long haul. Quite honestly, it could go to 1 USD tomorrow and I would not dump. I WOULD take some profit for sure but, no dumping. Small, regular profit taking will support me and keep BAY healthy. Why bite the hand that feeds you?
April 06, 2017, 11:47:06 AM
4.1M dump. That's good that whale got some cheap bay now so hopefully is on board long term.
that's one of the main issues though with bay no punishment for keep dumping and buying back cheaper - the current staking set up does not reward holding and collecting bay enough.
that's one of the main issues though with bay no punishment for keep dumping and buying back cheaper - the current staking set up does not reward holding and collecting bay enough.
We just voted on forking, so the stake will be adjusted. And because this is POS3, the stake can get pretty high when few ppl are staking
April 06, 2017, 11:05:29 AM
4.1M dump. That's good that whale got some cheap bay now so hopefully is on board long term.
that's one of the main issues though with bay no punishment for keep dumping and buying back cheaper - the current staking set up does not reward holding and collecting bay enough.
that's one of the main issues though with bay no punishment for keep dumping and buying back cheaper - the current staking set up does not reward holding and collecting bay enough.
April 06, 2017, 05:13:22 AM
do i spot our first mini whale trying to take a bite at 328
April 04, 2017, 10:58:04 AM
It's not closed source. It's obfuscated.
www.davtonia.com/BitHalo/HaloOBF.zip
For people who are unfamiliar with code. What does this mean?
I change variable names so it's hard to clone. So if a variable is called "Contract" I change it to "sbebhdjesn"
But my obfuscator makes funny Doge names so it will change to things like "SuchMoonVeryCryptoWow"
And so you can download it and read the source code and prove that it's safe.
April 04, 2017, 10:57:20 AM
Is it true that BitBay is closed source?
It's not entirely closed, just with changed variable names.
The source code is at www.davtonia.com/bithalo/haloobf.zip
The variable names have been changed to prevent cloning but it can be easily audited and you can build from that.
Eventually i will put it on github. Like cryptohunter said there is no rush.
Basically anyone can check the source to see if it doesn't do anything nasty, but it won't work out of the box because dzimbeck changed some numbers around on purpose.
April 04, 2017, 08:10:55 AM
It's not closed source. It's obfuscated.
www.davtonia.com/BitHalo/HaloOBF.zip
For people who are unfamiliar with code. What does this mean?
April 04, 2017, 05:28:16 AM
You can watch the status of the voting in the software. To see if we should fork to increase the stake. The voting ends in a couple days.
Here are the two addresses:
stakefork = bPFjpZ3TwVJHudKrhxzqb9oPDvhBsQBtPV
https://chainz.cryptoid.info/bay/address.dws?bPFjpZ3TwVJHudKrhxzqb9oPDvhBsQBtPV.htm
nostakefork = bNoCY5mK3V7TVZDKoTqYCySC4vzzwDLuGm
https://chainz.cryptoid.info/bay/address.dws?bNoCY5mK3V7TVZDKoTqYCySC4vzzwDLuGm.htm
Current score is 11 for nostakefork and 55 for stakefork
I warn you all, nostakefork is going to make a ferocious comeback. In your client, don't forget to cast as many votes as you anticipate winning.
I've started off by casting 1000 for nostakefork.
Bitcoin core should take notes, this is how a diplomatic decision is made for forking.
Here are the two addresses:
stakefork = bPFjpZ3TwVJHudKrhxzqb9oPDvhBsQBtPV
https://chainz.cryptoid.info/bay/address.dws?bPFjpZ3TwVJHudKrhxzqb9oPDvhBsQBtPV.htm
nostakefork = bNoCY5mK3V7TVZDKoTqYCySC4vzzwDLuGm
https://chainz.cryptoid.info/bay/address.dws?bNoCY5mK3V7TVZDKoTqYCySC4vzzwDLuGm.htm
Current score is 11 for nostakefork and 55 for stakefork
I warn you all, nostakefork is going to make a ferocious comeback. In your client, don't forget to cast as many votes as you anticipate winning.
I've started off by casting 1000 for nostakefork.
Bitcoin core should take notes, this is how a diplomatic decision is made for forking.
Vote update!
Current vote tally:
816 for stakefork
456 for nostakefork
Looks like our teamwork has paid off!
Only 6hours and 45 minutes left to vote!
Last vote block found wins a prize!
So the first decentralized vote on the BitBay blockchain is complete!
Voting results:
stakefork = 917 votes
nostakefork = 557 votes
Congrats! stakefork wins the vote!
The last official vote cast before the voting poll ended belongs to...
https://chainz.cryptoid.info/bay/block.dws?1136574.htm
Congrats! You win a 10,000 coin prize for casting the final vote!
Thanks to everyone who participated!
We will have many more in the future.
With BitBay gridlock and political strife are a thing of the past!
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