Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 205. (Read 542140 times)

unfortunately no, at least, not yet. We are doing a forensic analysis but no joy yet. If we learn anything worthwhile, I'll share it with the community. Good thing I use a different PC for my wallets, only connects when needed, no browsers.

any idea where you got it ?

Thanks for the update. Yeah I would recommend against antivirus. It slows down the computer, and honestly I think most of them run spyware. There might be a couple open source ones though.

The thing is, a well coded virus will bypass all antivirus

NOTICE: Any posts from my former account "RJF19" are NOT from me, the account was hacked. PC was infected by the "CoinBitClip" Trojan even though I had 3 forms of up to date protection including corporate versions. They say "third time's the charm", hope that is correct...Be careful out there, it's swamp...

People having been requesting add con option. You should to.
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Cool, doing it right now !

Would be super if we could get into Polo. Did anybody ever send them an official request ?

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People having been requesting add con option. You should to.

Still available on the Market if anyone is interested

Thanks

Would be super if we could get into Polo. Did anybody ever send them an official request ?

Thanks David.. Yes that's what I thought it would be like. Cheers for the clarity.

I have been watching yobit a bit lately. I see it could be useful to be added there. Some of the volume is actually huge. I had suspected before this volume was mostly fake and perhaps it is but if you catch a big rise there it can get your coin a lot of new interest and attention. Polo actually scans other exchanges including those and cryptopia for the next big thing. Bay is still way too cheap I think new attention is all bay needs.

Im not sure why bittrex volume is low right now over all, it is a good exchange really these days.

Right there is definitely no governance. The mod key exists so we can grow the market. Flagging and moderation is decentralized so people can keep content relevant to the markets they subscribe to.

The responsility falls on the users. The creator of uTorrent isn't responsible for how people use it. I want people to have as much freedom as possible. This just helps us keep the markets we are aware of clean so we can reach a larger audience.

I think these are all good points. To me I just though every single thing was decentralised with no central governance at all.

I of course hope bitbay will never be spoiled with the stuff some people like to buy.

However, I think moderation should be 100% decentralised too. So there is no point of focus for blame or recriminations.

We are creating a software that allows you to sell things on the internet we should not be held liable for what people choose to sell. The legal side is simply you don't list things that are illegal to sell in your country and you don't offer for sale to those countries it is illegal to purchase. The onus is on them not on the moderators. They (the user) are responsible for using the software in accordance with the laws the onus is on them. They must do their own DD. I think making too many guides and rules specifically is going to be pretty tough.

I guess decentralised flagging and removal/remain voting is the best way to go. It is then on those people to keep bay free of stuff that can crush it's reputation.

It was good to read the last posts. It seems like if people got the equation
decentralization=freedom=I do whatever I want

That's not how it works, right? For this reason I hope there will be a constantly growing community made by people who share and understand the importance of this innovation and that will work together to make this market grow. 

And pretty much everyone has a basic moderator status since any user can flag inappropriate items.

This is just the beginning. It's not like we can't continue to program this protocol after David completes the core.
Heck BitBay is designed to add innovation. BitBay is one of the first few coins to have decentralized voting built into the Client UI. And probably the first that is actually user friendly.
The future possibilities with that will be mind blowing.

Hell... Bitcoin will take another 10 years to never before they can agree to implement something like that.


Currently there is one default marketplace that everyone is connected to - and that's the >BitBay< market.

So if we get into a snag with conflicts of laws pertaining to different countries, then by all means create a new market based on that country's laws i.e., >China BitBay< or >France BitBay< , etc.
Then anyone who posts on it and moderates it will be based on that countries laws.

No need to fret over this. There is no reason the Client can't be programmed to make everyone happy (or at least the vast majority) - unlike Bitcoin.

We've yet to really grasp all the possibilities that custom python programmable contracts will provide and help support us in future design-build protocols.

It should be mentioned that the moderation itself is decentralized. Since mod keys have been given to multiple people in the community.

A contract that is already taken by someone disappears from the market and can thus not be moderated. The harder part of your question is "what if you were buying something that was not obviously wrong"
There are a lot of things that are legal in some countries or context, but illegal in others. It is not possible for a moderator to know the law in all countries. Some drugs are a good example of this problem. We are still trying to make guidelines for this, but it's obvious that we will never get this 100% right. The logical thing is to run a rather strict policy in the open market, and be less vigorous with private markets that limit themself to things that are legal in parts of the world.






Very good point. No moderation would be the easy solution. The problem is that we are leading this development. That means criminal elements could be very tempted to use our market for their purposes, and thus constitute a threath to BitBay's chances to become a major player for legal goods. There are other coins that are trying to develop what we have. Some of them are signaling that they intend to target black markets. We have to assume that one or more of them will succeed at some point in time. When that time comes, moderation may become less of an issue.
But I agree this is a difficult one. Suggestions how to handle this are very welcome.




I agree. But who says David will be a moderator?





The answer to those questions are somewhat contained in the above answers I think.





We will try to run it without incentives for moderators. If that does not work, we will have to address it.
We believe the number of moderators doesn't have to be high because users can report bad stuff. And because, as I said above, we think a coin that targets black markets will take most of that traffic in the future

We can't stop private escrow. Only listings. If a buyer and seller are in escrow they control their funds, banning a user cannot ban them from contracts, only posting illegal things in the main market. Contracts cannot be interfered with, its impossible because its peer to peer.

Also things that are illegal in one country but not another are probably going to be allowed. So if a person sells Hemp or Raw Milk which is illegal in USA but legal in South America, then they are responsible for their own order. We won't moderate Mein Kampf for example.
However if someone offering out something like a hitman contract obviously that has to be removed.

I'm pretty sure thats a fair moderation policy for the main markets.

Also, I'm not responsible for the contents of the markets. This project is open source. If someone thinks I'm responsible I will gladly give them the moderation key they can then accept the responsibility. I'm not interested in babysitting the markets. It is impossible to "control the entire internet". That is a fruitless way to spend my time. How can you moderate what you can't see? If someone encrypts porn to the Bitcoin blockchain is everyone in the world committing a crime by downloading it?

Each country is going to police their citizens and generally try to rob them of as much freedom as possible before they realize it(so they have the illusion of freedom). However, these markets are obviously international. BitBay was started in China by Steven Dai. So is America
going to interfere because the dev is american?? That doesn't make sense. I don't even get paid in USD. Heck I don't even get paid.

Thats the same as throwing Satoshi in jail for making Bitcoin (even though Satoshi is just a pseudonym for a large group). It might happen but it is a violation of all that is good in the world a price I would gladly pay. If it really boils down to that. The creator of reddit unfortunately met a similar fare. Sadly he took his own life before the "stupidest trial in the world" took place. It happens. A life lost in pursuit of all that is good. Source: http://edition.cnn.com/2013/01/12/us/new-york-reddit-founder-suicide/

So it is what it is. We will do the best we can to moderate what we see, I'm not legally responsible for it but we do it out of goodwill. We want the masses to take an interest in their own freedom and start looking at distributed networks and decentralized markets. For their own benefit. Its a much, much larger picture.

I understand this but what if you were buying something that was not obviously wrong and it was moderated out and closed. What will happen to my funds as they buyer or seller?

Isn't the fact there is any moderation possible kind of leaving it open to legal issue. If there was no central control and everything was decentralised would that not be better than having a single entity moderating?

I think it is more risky for david being a moderator isn;t it?

I mean if you can moderate then you are responsible for allowing things to be there?

If no moderation is possible but there is no anon the authorities will have to police it according to their own countries rules.

I mean if you create a decentralised market place then how would you ever be able to moderate it all all or is there a special provision for this that I don't understand?

Will there be incentive for moderators. How many moderators will there be? Or is it a case of reported bad stuff is removed?

^ Exactly! Great explanation munti, couldn't have said it better. I'm not anonymous and getting myself into trouble prevents any future projects I'm working on. In order to get the masses to take an interest in decentralization, we need stuff like this.

There was an article on BitBay and BitHalo markets a ways back and it covered the exact same subject.

https://motherboard.vice.com/en_us/article/this-decentralized-bitcoin-market-is-for-legal-stuff-only

It is decentralized, but the main market will be moderated. The reasons for that should be obvious. The legal market is so much bigger in the long run than any black markets, that it doesn't make any sense to become known as the next silkroad. That would create a very serious pr problem when promoting the market to ordinary people. Also, David does not want to be associated with crime. The team totally agrees with him on that.
The private markets in Bay can not be moderated unless a mod knows the exact name of the market. So in theory a black market could evolve there. But if the name of the market becomes common knowledge, a mod could hear about it, and close it down.

I'm not aware that there will be any governance in the finished product the entire thing will be decentralised as far as I know.