Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 202. (Read 542140 times)

Why is Bitbay team spreading FUD on Qtum project, because someone work away from a project doesn't make that person a fraudster, alot of people have walked away from Bitcoin project and criticizing the team but Bitcoin has been better off without them, that should be what Bitbay team to measure up to not trying to pull another project down, do you guys think if Qtum project is a scam, they will be able to receive that level of funding?

i really wish we could meet up with the thieves and implement some street justice

i think its time to start a new topic and call those fraudsters out

200 BTC is the least of it think of the damage him and the others caused the honest investors and david. Did he take a large chunk of BB too?

I think the damages far exceed 200 BTC ?

I'm shocked that this impending scam of such magnitude has not even been mentioned on the main board.... so perhaps scanning the ANN section is essential after all.

agreed. the bb community is great. the slack is awesome. you can ask david a question and he answers. his heart is in the project and it shows

Easy come, easy go: that means easy money will go away if not sustained by real hard work.
I personally think that David put his real hard work on this project and slowly this will pay off. He's recognized for his value and that's all we should care about.

i agree. david is a good man

That really sucks, but thanks for telling the truth. Really.

Keep up the good work, I follow Bitbay every day and it starts to get better and better!

Thanks, appreciate it.

David you are very brave to bust that scam, salute to you! Steven stole you 200 BTC, who is a immoral and internet criminal. We can't tolerate such scammer to have a larger ICO in altcoin community. 

Yeah it is what it is, their investors are aware apparently on the thread.

We have too many good things going on to distract ourselves, although it is good to warn them. Some of the people on the team are legit which has me concerned they don't realize who they are working with. I'm good friends with one of their devs Ibai and met him in person so hopefully there is upper management that will consider the implications of working with Dai and how it effects their team and credibility as a whole.

As for everything else, I will have a build with staking and voting, aiming for March 1st release. The slack core will go ahead and decide how long they want to test it. You guys will be able to see what the major changes were in the changelog that is always packaged with the release.

So, the rat re-surfaces. I would love get my hands on him as I'm sure several hundred other people here would as well. But, that is in the past, Bitbay is the future. So, keep calm and carry on, in the end, we win...

BitBay response to association with QTUM co-Founder Patrick Dai


The BitBay development team has been asked to comment on the possible link between one of BitBay’s original founders, and Patrick Dai, a co-founder of the QTUM Project.  BitBay’s lead developer, David Zimbeck has confirmed the man using the name Patrick Dai from QTUM, was known as Steven Dai when he was associated with BitBay.

Steven Dai walked away from BitBay with publically invested Bitcoin & millions of BAY from the initial offering which has never been returned.  The BitBay team recommends extreme caution when it comes to investing in any cryptocurrency project associated with Steven (AKA Patrick) Dai.

BitBay is more interested in letting people know about the future than reliving the past.  Even without support from the original founders, David Zimbeck has continued with the development of BitBay.  A fully functional decentralized Smart Contract client is freely available for public use and is the most advanced crypto currency product available today.  You can see more about the current state of the BitBay project by reading up in this thread or visiting bitbay.market You can also join our slack by using this link http://bitbay.market/wp-login.php?action=slack-invitation

Quite honestly, bob's current scams are of no concern to us other than the empathy I feel for those who got screwed even worse than we did including David. I have always trusted David and will continue to do so. Bay will shine and the scammers will perish. I'ts just a shame they are taking other investors for a ride in the mean time.

The truth will out eventually. I've already said that it's undeniable the true dedication that David put into this project. And sincerely hope the above will come to an end soon and that who did this will finally be judged for his action.

Bay goes on either way

Wow, yeah we are just learning about it.

No way to confirm anything yet for sure.

The most important thing to remember is that David has been trying to clear his name from the BitBay ICO thievery for over 2 years. All the while the founders that abandoned BitBay literally took the BTC and ran. Then they proceeded to slowly dump the stolen BitBay on the exchanges for over 2 years. Rather than revert the blockchain, the community decided it was best to leave the chain decentralized. We've been tracking their wallets for the last 2 years and finally believe they are out of coins, hence our recent increase in price.  However, the good news is that David has never given up hope that one day his name will eventually be cleared from the ICO scandal!
He is the sole coder for BitBay, which currently has the most advanced Client UI in crypto, yet the most undervalued coin on the market!
https://bitcointalksearch.org/topic/m.17447155

Change for scammers to scam. Is there any proof that is big bobs project?

Might get a bit hot in here, if this is correct.....  https://twitter.com/joshuajbouw/status/834220054527012864

Thanks for the quick responses.

1. Currently there is only one competitor equivalent to David's Halo tech, and what I mean by equivalent is that it is trustless.
Shadowcash has also decided to utilize trustless escrow. I don't know how far along they are with their Client UI though, they will have limitations compared to Davids design, and I don't know how they will be able to match any rolling peg tech similar to BitBay, because anon tech has its setbacks when it comes to adding new features to it. David's Halo Tech Client UI currently works for BitBay, Bitcoin, and Blackcoin.  So as far as I know those are the only 4 coins that have trustless setup built into the Client UI. BitBay's main difference will be that it will include a rolling peg to remove the volatility factor that plagues cryptocurrencies and thus hindering adoption from merchants. Most merchants can't afford to lose profit on their sales so they immediately transfer any crypto transaction back to fiat. With BitBay's rolling peg stabilizing price, yet still allowing for price movement,  we hope to eliminate this final piece missing from the puzzle for mass adoption for merchants!

2. The tech is decentralized. If you want ownership you can buy the coin. After David completes the core build we will continue innovating because he also designed the first "user friendly" decentralized voting system built into the client! However, it's only fair that the more coins you own the more voting power you get. But the point is that we will not become stuck in gridlock like Bitcoin currently is. It seems Bitcoin is at a point where they will only change when it means life or death. BitBay's voting system is mainly based on determining the pegged value of the coin, yet it can be used for anything. For example, imagine in the future we have a team of developers, and the community makes a list of innovations they want added to the coin - we'd simply announce a vote for what innovation should take precedence over the others and then have the developers get to work on it! So the gridlock enigma Bitcoin faces will not be an issue for us in the future!

edit: And unlike Bitcoin - since BitBay is Proof of Stake, we actually have a much more lucrative ability to fund future developers!

Hope this helps!