Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 19. (Read 542037 times)

Seems your (Sweat invested) statement turned out to be nothing, Latoken or another will all be the same, 3 exchanges have dropped Bitbay, I see the end in sight for this crypto 

It appears as if LAToken decided it's too much hassle, even though we're almost there and they had already invested so much time.

What's our next step? Anybody?

Jesus! stop behaving like a child. You think Bitbay holders want to read all your wining everyday!?
I expect you don’t even have a top 100 wallet.

Are you saying that Latoken is finished and that we need a new exchange again? So I lose my money in exchange 

The thing is we have seen trading get disabled multiple times. We are in the same boat as the community. Best to plan for other exchanges and liquidity providers.

Would it be possible to have one single designated person (like Shorn or David) contact LAToken every Friday afternoon or Monday morning to get status and post it to Discord, Slack and BitCoinTalk? LAToken isn't going to appreciate it if random investors keep bugging them whenever they feel like it. Please post the name of the single point of contact on all three boards and request that nobody else talk with LAToken. A weekly update about a reliable date and any information about the cause of the delay would be welcome.

Thank you for taking the time to explain all that to me, I understand now. Cheers  

The term "sweat equity" means work that is performed at a discounted pay rate (perhaps even zero) in exchange for a share in potential future profits of a business. A typical high tech start-up has founders and employees. The unpaid work that the founders put in formulating the idea, performing market research, finding a viable niche, doing initial product development, drawing up everything they need to approach vulture capital (think Shark Tank) then doing the VC rounds is considered sweat equity. When they get funding they hire coders that work at a lower rate than usual in exchange for stock options, another form of sweat equity.

I believe it was Shorn who said we have a hard time convincing exchanges to carry BAY because the work necessary to integrate the dynamic peg is several times the amount of work required to integrate most other coins. We paid the up-front integration fee to four exchanges. Three of them accepted the payment and gave us ample reassurances that they would perform the integration. Once they started actual coding, however, they soon realized they really weren't up for all that hard work (poor babies) so they started doing the BS boogie then vanished into the wind. This is the type of situation that LuckyLeprachaun is understandably concerned with.

But LAToken is in the processs of actually performing the agreed upon integration. Our coders say they have been consistently asking detailed questions. And their code seems to actually work correctly (for the most part). LAToken has invested a considerable amount of capable coder hours, so they are definitely motivated to see it through to payoff.


Go to YouTube and search for: latoken davos

LAToken presented the 2019 Blockchain Economic Forum in Davos. Check out the credentials of the speakers. LAToken doesn't have a virtual server on Bluehost. They know the business side. That's why they can grasp the potential of BitBay.

What you mean exactly? They invested in Bitbay? and how do you know what they have invested in?

One difference with LAToken is that they have invested a fair amount of sweat equity; they got skin in the game.

Yeah it's unfortunately something we are always concerned about. Out of 4 exchanges we tried to list, 3 stole our listing fees. I suppose then if we don't have millions to gamble on the top 10 exchanges in liquidity we probably are better off aiding platforms or even something in house. Either way we should look for large scale liquidity providers/angles.

 

Yes me too, just that I have seen many bad exchanges do this exact same bit before they disappear in the wind with our money. That's why I'm worried...

I agree it's especially frustrating. However we are on a tight margin and sort of depending on Latoken to follow through. However they have been responsive so we hope it's resolved shortly.

Thanks for your help, much appreciated.

Relax, your coins are safe. Of course BAY is coming back... after all it is still here after overcoming 5 years worth of obstacles! LA Token is fixing some important bugs, and will reopen trading this week. Your deposits are greyed out because they are fixing a balance issue that effected a handful accounts. Your frozen balance is likely due to the dynamic peg freezing the supply liquidity, which is decided every 200 blocks by the majority vote of users.

You can read more about that here:
https://forum.bitbay.market/t/why-are-my-wallet-balances-always-changing/2242

I have been patiently waiting on exchange, Just checked Latoken and now even deposits are greyed out, seems to be getting worse, starting to wonder if Bitbay is coming back at all, no action on forum for 5 days, my money frozen in exchange, not good signs. Does anyone know what is going on? 

May you please show a step by step guide on how to perform such action?

edit:

currently being helped on telegram channel: thanks for your replay

No, you should run bitbay-qt with the rescan option from your computers console. That will scan the chain for inputs and the balance will then appear.

Just installed last 3.0.2b QT wallet 64 bit taken from here https://github.com/bitbaymarket/bitbay-core/releases/ on my pc ( basically I replaced old "bitbay-wallet-qt.exe" file with the new one and launched it but I have quite a big issue :

I can see all my past transactions but all balances are at zero ( reserve, spendable etc etc) whilst I have a positive balance and all transactions are displayed correctly in my wallet ledger ( I only have incoming transactions in my qt wallet) if we don't consider mining ones with all those face txs.



Should I erase everything except fro wallet.dat file and start synching again or the issue comes from something else?

We are still waiting but it should be a couple days.