1. Who are bitbays competitors?
2. Does any altcoin have any type of ownership? It's just a token used to transfer funds. If bitbays technology was bought for some reason. The bitbays tokens wouldn't really change in value? Just thought technology is bought.
1. very few coins boosts such a robust coin with a decentralized marketplace built on top of it
2. Any cryptocurrency is based on possession of the corresponding keys: no keys no coins it is as simple as that. Bitbay is open source there's no hidden tech behind it, but Bay has one of the best dev around.
Do I answer you? Someone will chip in to tell you more