Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 200. (Read 542140 times)

http://reports.bitcoinprbuzz.com/bitbay/

Results from the PR campaign a lot of you contributed to. I think it went really well for the sake of transparency I'm posting here. Let me guys know if you think it was worth it and how the analytics stack up.

Personally I found them easy to work with and a relivtely decent price.

Sure it's pretty simple actually. So most coins only stake normal single ket QT accounts. Blackcoin dev rat4 made me a series of improvements in POS 3 that allow me to spend with block signing key. Therefore, any input can stake now.

This means multisig can stake. Aka multisignature staking.

So if multisinature can stake then you can use two computers to stake in sort of a two step send. Aka cold staking.

So you have a local network at home. You have two computers. Computer A finds a stake, signs it, sends to computer B who signs it with their 2nd key sends back to A who sends the complete TX to the network!

This lets you stake with only one key connected. Thus your account is extremely hard to hack since your keys are on two completely different computers.

The 2nd location can be a server thus is perfect for exchanges and banks. The 2nd key can be a little staking device.

Lastly the innovation in POS 3 although simple is crucial for letting us stake with frozen coins.

The custom stake makes voting easier too as we can customize our payments and even donate our stakes or park them.

Those are the nice things about simply being allowed to stake via spending with block singing key embedded in the TX as opposed to limiting us to single key stake.

Cold staking, at last. Do you have any references or links I could read to get an idea of how this works under the hood? I was not able to find anything more than this (in which you give answers to blackcoin users)
https://www.reddit.com/r/blackcoin/comments/4gk008/boom_first_cold_staking_block/
Can you sum things up for me (us)?

I want to make an official statement here:

I've switched from Google translate in the LIVE translator because mean ol' Google decided they wanted to prevent web crawlers and bots so they crushed our goslate Python package that I was using. So what does this mean? It means we had to switch to Yandex. It means the list of languages is slightly different too.
Which means the thing changed and anyone who is working on translations will probably have to start over! Sorry to break that news. But its okay lesson learned!
This time we have to do translate them ahead of time using the LIVE translator so we can archive them just in case this one gets taken out too(also because Yandex has an API key that limits us to 10 million characters per month). Only ONE person will be assigned to this. It will be a bounty. So I will urge others to only use the language you need for now and not play around with translation too much or I have to get another key.

Okay lastly, the build is done. I put off a few other minor fixes to the next release. Since I know how long everyone has waited for this specific update (cold stake).

So I'm building it tonight/tomorrow checking it and we release on slack for the first tests. And actually anyone can test it by downloading the updater manually. Otherwise the version number will change when slack decides. They had some date in March set. We could roll it back a little earlier even if the tests go well.

Thanks 


Damn, we should put "Taking down an ICO" to our list of accomplishments!

hehehe ...

never ceases to amaze me ...

bloody good work david ...

#crysx

Even people invested 

Well I do 

Cause price will continue to rise. How fast is the only factor.

The account's in Craig's research could belong to them, but this is not certain at all because they have shown a little different pattern than the main accounts (that are now empty) of the scammers. Doesn't really matter one way or the other. There isn't much in them, so who cares

Well you have a point. And there is always a way to spin a negative into a positive. So I'm not against talking about it as long as people are made very aware of what has been done here despite them. When people see that we work here continually testing updates and fulfilling promises with all that garbage on our heads, they will realize why this is worth it.

Simply, tell people even after what happened 2 years of work and download the software and see for themselves!

We aren't trying to convert people from other coins. But there is no reason not to highlight that point.

As for the slack research you are probably right. Because if any of them still had coins, now would definitely be the time they would sell them. Unless they secretly believe in this project haha. I think they were foolish to sell, they were not even paying attention to the ideas. Of course BitBay is already up 4-5 times over the year because it is undeniable that there is more going on here than meets the eye.

"Never judge a book by its cover"

Your quote for the day:

"If you believe in it, buy it!"

I think it is important to use the Patrick/Steven Dai issue to illustrate what BitBay has gained.

Steven/Patrick and the other original founders took hundreds of thousands of dollars in Bitcoins with them, and using that money went on to start new projects.  They took millions of BitBay with them as well.

What did BitBay gain from this?

Losing the toxic presence of these founders has allowed progress to be made without the focus being on greed.  There are no arguments over what should be the goal, and without any money in the funds, there is no debate over how it should be spent.  There is only progress.

David continues to work on BitBay and deliver updates regularly.  Even people invested in BAY have no idea of the potential once the rolling peg is integrated... but none of us have any doubt it will be completed because David is still here after everything working on his dream, and we see what he has done so far.

David does this work knowing it can only increase the value of BAY the original founders are still selling.  He is actually increasing the value of the assets they stole because he believes what he is doing is important, and sees the bigger picture when it is complete.

More good news for BAY owners is Craig's research shows the original founders are almost completely out of BAY to sell.  Of the tens of millions taken, they are down to the end of their stash.  When they stop selling, the price suppression we have seen for so long will stop.  Buying BAY will actually increase the price again.  One day, not long from now, the thieves are going to look at the BAY price and wonder how they could have thrown away the fortune they would have had.

BitBay has gained so much from the departure of Dai and the rest of the founders.  The only reason we have the ability today to buy BAY at these prices when the technology is so advanced is because these guys are keeping it low.  I have mine... and I can't wait for them to run out of ammunition.

Great minds discuss ideas; average minds discuss events; small minds discuss people.

Well done David, you did what you need to and now let's go back to BAY. 

yeah, sometimes Bittrex holds up withdraws for a few hours, but other than that tx are super fast.

Aside from all the amazing tech going into BitBay, there is one thing that never ceases to amaze me, the speed. I just purchased 250k from Bittrex for my wife and transferred them to a BitBay QT wallet (she's a holder, not a player) and it literally took 2 seconds! Now that's something to be proud of!

So be it David. The less interaction the better on all fronts. BTW, he just admitted on the Qtum forum that he is indeed Steven Dai...

This is great to hear David. Bay is doing great here and after everything what a story in the crypto world it will be if bay can come back from the brink of ruination at the hands of the sharks and through the ability of just one person it can compete with those with teams of coders /designers marketeers with huge funding and connections and give them a run for their money - this is going to be one of the big stories in years to come when crypto is mainstream. I know the core help and support you a lot so I take nothing away from their effort too of course. Thanks to you guys too.

If you don't have a million or even 100k or even 10k  bay tucked away in cold storage that is just being irresponsible with your future imho. I am gradually reducing my sea of useless crypto into BAY and a tiny tiny handful of other possibles. BAY is my top tip to everyone I speak to.
I can't guarantee the success of bay (although I don't doubt for one second it will be a great success) but even if a freak event happened and I lost my investment ... so what it feels good to support the real good guys.

So anyway back to bay and put the past behind us now.

Excited indeed to hear about the staking in the market place coming soon.

I know David wants us to keep qtum talk out of bay and of course I will go along with that for sure . However, just wanted to say to you publically that I appreciate a lot the effort and skills you employ to get to the truth of things with this and with MANY other projects. One of the most valuable people on this board period.

I'm going to ask a favor and for all the well known core investors to keep comments on Qtum slack to a minimum. I'm going to do the same no matter what. The Bitcoin community will take it from there. They don't forget. Except fake profiles. I've left a long winded summary on their bitcointalk with links summarizing what happened.  It's not our problem if they ignore it. We have said our peace.

Every comment spent against Qtum is a comment spent not promoting the software we have here that you have all invested in. Its time we could spend marketing and showing new people how to do smart contracts and use the decentralized markets and search for bugs.

It's sad to say but I cannot change the evil in the hearts of men. I can only destroy the evil in my own heart. And as I said on slack we will make this little "scamcoin" BitBay blow everything else out of the fucking water. We don't need to ask for new investment. We won't ask for angels. We will just show them the power of decentralized pegging and increase the community size. As we have been doing so positively this year. Lets keep it up.

Thanks Munti