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Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 210. (Read 542140 times)

full member
Activity: 307
Merit: 109
Just set up a market contract and had the offer accepted:



The client and market seemed a little more intimidating than it actually is. It's nice and intuitive once you go through the process of creating a listing and making the trade.

This is great! Having been an eBay/Amazon seller, I can't wait for more developments in this area! No middlemen or fee nonsense is pure gold!

Yeah and I'm sure there will be a way to utilize python programmable contracts to automate musicians' and artists' works with some sort of download link that auto destructs after 3 downloads (or something similar).
Wouldn't that be something if they finally had a way to bypass the middlemen like itunes, spotify, etc.
sr. member
Activity: 317
Merit: 250
Just set up a market contract and had the offer accepted:



The client and market seemed a little more intimidating than it actually is. It's nice and intuitive once you go through the process of creating a listing and making the trade.

This is great! Having been an eBay/Amazon seller, I can't wait for more developments in this area! No middlemen or fee nonsense is pure gold!
full member
Activity: 307
Merit: 109
Yeah we noticed that too about the sync speed.
sr. member
Activity: 449
Merit: 250
don t touch my Bits
It could be possible for the government to track IP addresses that use the markets and get angry at you if you connect to enough of them. They could run a botnet too and try to control most of the network. But by and large that is not the fault in Bitmessage. The same problem exists with TOR too. Perhaps someone will solve encrypted IP (Demonsaw was doing something new?). Most likely humanity will NEED 3d printers that can make electronics to completely save themselves. That way they can print cellphones, radio receivers and mesh networks. Until the government starts triangulating those signals and killing their own citizens? Who knows, but we need to do what we can for our freedom.

In a dystopia expect anything that frees people to be made illegal. In many countries you can't even own your own land. In USA you can't collect rainwater, feed the homeless(in Florida) or sell raw milk(even though 90% of the world sells raw milk and its better for you). It has gotten absurd. I'm surprised they don't charge for air. Apparently with Obamacare you have to pay to exist (forced health insurance under the threat of jail). Oh how he "cares" so much about us. Protecting us from ourselves.

Regardless, this technology especially 3d printing is too hard to control. And it is the best way for everyone to proceed! Passive resistance, sort of like Gandhi taught. To break unjust laws and passively and peacefully resist the government until they can no longer do anything about it.

what ve noticed that Tor is not 100% reliable coz this kind of news coming out maybe not often but bugging  me.
P2P is the best option we have imo.
Downloaded new cl and qt and both synced faster than l was expecting,thanks again David and rest.
an other interesting article regarding tor.
http://www.burojansen.nl/pdf/dutchsecretservicetriestorecruittoradmin.pdf
full member
Activity: 168
Merit: 100
It could be possible for the government to track IP addresses that use the markets and get angry at you if you connect to enough of them. They could run a botnet too and try to control most of the network. But by and large that is not the fault in Bitmessage. The same problem exists with TOR too. Perhaps someone will solve encrypted IP (Demonsaw was doing something new?). Most likely humanity will NEED 3d printers that can make electronics to completely save themselves. That way they can print cellphones, radio receivers and mesh networks. Until the government starts triangulating those signals and killing their own citizens? Who knows, but we need to do what we can for our freedom.

In a dystopia expect anything that frees people to be made illegal. In many countries you can't even own your own land. In USA you can't collect rainwater, feed the homeless(in Florida) or sell raw milk(even though 90% of the world sells raw milk and its better for you). It has gotten absurd. I'm surprised they don't charge for air. Apparently with Obamacare you have to pay to exist (forced health insurance under the threat of jail). Oh how he "cares" so much about us. Protecting us from ourselves.

Regardless, this technology especially 3d printing is too hard to control. And it is the best way for everyone to proceed! Passive resistance, sort of like Gandhi taught. To break unjust laws and passively and peacefully resist the government until they can no longer do anything about it.

Really just need decentralized electricity and decentralized TCP ip. Whoever creates internet 2,3,4 will make billions

Edit. P2P is the loophole in the current governmental systems. Outlawing P2P would awaken most people to the fact that they have no rights
legendary
Activity: 2412
Merit: 1044
It could be possible for the government to track IP addresses that use the markets and get angry at you if you connect to enough of them. They could run a botnet too and try to control most of the network. But by and large that is not the fault in Bitmessage. The same problem exists with TOR too. Perhaps someone will solve encrypted IP (Demonsaw was doing something new?). Most likely humanity will NEED 3d printers that can make electronics to completely save themselves. That way they can print cellphones, radio receivers and mesh networks. Until the government starts triangulating those signals and killing their own citizens? Who knows, but we need to do what we can for our freedom.

In a dystopia expect anything that frees people to be made illegal. In many countries you can't even own your own land. In USA you can't collect rainwater, feed the homeless(in Florida) or sell raw milk(even though 90% of the world sells raw milk and its better for you). It has gotten absurd. I'm surprised they don't charge for air. Apparently with Obamacare you have to pay to exist (forced health insurance under the threat of jail). Oh how he "cares" so much about us. Protecting us from ourselves.

Regardless, this technology especially 3d printing is too hard to control. And it is the best way for everyone to proceed! Passive resistance, sort of like Gandhi taught. To break unjust laws and passively and peacefully resist the government until they can no longer do anything about it.
full member
Activity: 307
Merit: 109
interesting article about hacking a market place.
http://thehackernews.com/2017/01/alphabay-darkweb.html

When will people realise that a marketplace needs to be decentralized?

whan ppl care to research and read below will realize how it can be prevented with two separate keys.

http://bitbay.market/about/security/

So that is 2 back to back articles in favor of increasing demand for a decentralized trustless marketplace.

China's regulations in the form of more transactions fees on chinese bitcoin exchanges causing the volume to drop to levels that are bottomed out on bitcoinwisdom charts!
http://www.zerohedge.com/news/2017-01-24/chinese-bitcoin-trading-volumes-crash-90-overnight


This really puts decentralized trustless exchanges in high demand!

The sad news about this though is that they also cracked down on VPN's making them illegal for their citizens to use
http://thehackernews.com/2017/01/china-firewall-vpn.html


So on a peer to peer marketplace like BitBay, could they shut it down in their country or only shut down accessibility to the websites that supply the downloads for the client?



Bitbay can't be shut down to my knowledge. It's peer to peer

Right that's what I thought. So the only thing the Chinese government could do is hinder the ability for people to download BitHalo and/or BitBay
legendary
Activity: 2412
Merit: 1044
interesting article about hacking a market place.
http://thehackernews.com/2017/01/alphabay-darkweb.html

When will people realise that a marketplace needs to be decentralized?

whan ppl care to research and read below will realize how it can be prevented with two separate keys.

http://bitbay.market/about/security/

So that is 2 back to back articles in favor of increasing demand for a decentralized trustless marketplace.

China's regulations in the form of more transactions fees on chinese bitcoin exchanges causing the volume to drop to levels that are bottomed out on bitcoinwisdom charts!
http://www.zerohedge.com/news/2017-01-24/chinese-bitcoin-trading-volumes-crash-90-overnight


This really puts decentralized trustless exchanges in high demand!

The sad news about this though is that they also cracked down on VPN's making them illegal for their citizens to use
http://thehackernews.com/2017/01/china-firewall-vpn.html


So on a peer to peer marketplace like BitBay, could they shut it down in their country or only shut down accessibility to the websites that supply the downloads for the client?



Bitbay can't be shut down to my knowledge. It's peer to peer
full member
Activity: 307
Merit: 109
interesting article about hacking a market place.
http://thehackernews.com/2017/01/alphabay-darkweb.html

When will people realise that a marketplace needs to be decentralized?

whan ppl care to research and read below will realize how it can be prevented with two separate keys.

http://bitbay.market/about/security/

So that is 2 back to back articles in favor of increasing demand for a decentralized trustless marketplace.

China's regulations in the form of more transactions fees on chinese bitcoin exchanges causing the volume to drop to levels that are bottomed out on bitcoinwisdom charts!
http://www.zerohedge.com/news/2017-01-24/chinese-bitcoin-trading-volumes-crash-90-overnight


This really puts decentralized trustless exchanges in high demand!

The sad news about this though is that they also cracked down on VPN's making them illegal for their citizens to use
http://thehackernews.com/2017/01/china-firewall-vpn.html


So on a peer to peer marketplace like BitBay, could they shut it down in their country or only shut down accessibility to the websites that supply the downloads for the client?

sr. member
Activity: 449
Merit: 250
don t touch my Bits
interesting article about hacking a market place.
http://thehackernews.com/2017/01/alphabay-darkweb.html

When will people realise that a marketplace needs to be decentralized?

whan ppl care to research and read below will realize how it can be prevented with two separate keys.

http://bitbay.market/about/security/
hero member
Activity: 661
Merit: 504
interesting article about hacking a market place.
http://thehackernews.com/2017/01/alphabay-darkweb.html

When will people realise that a marketplace needs to be decentralized?
sr. member
Activity: 449
Merit: 250
don t touch my Bits
legendary
Activity: 2310
Merit: 1422
Yes David, fair enough! I like to be surprised anyway so if that works out well I will have to think about it differently.
However, do please update the OP with recent developments: since we (will) have many new people around here it's good to give them a Bay state-of-the-art in the first page!
legendary
Activity: 2412
Merit: 1044
Looking forward to further developments with BitBay.

I sat on some Litecoin since the bubble run of late 2013. I recently traded my LTC holdings all in for BAY. So far so good!

I'm willing to help contribute to the project in any way that I can. I have a background in internet marketing if I can be of assistance. I'm on the BitBay slack as gilboawilson

Thanks for the intro! Nice to have you on board. Best to just say hello in general on slack and we can chat about it.
sr. member
Activity: 317
Merit: 250
Looking forward to further developments with BitBay.

I sat on some Litecoin since the bubble run of late 2013. I recently traded my LTC holdings all in for BAY. So far so good!

I'm willing to help contribute to the project in any way that I can. I have a background in internet marketing if I can be of assistance. I'm on the BitBay slack as gilboawilson
sr. member
Activity: 420
Merit: 250
AKA RJF - Since '14 - On line since '84
About the Peg: I'm not a big supporter I must admit. The idea of having something set in terms of value doesn't excite me. I would personally wait fro a much better recognition of the whole project before thinking of that.
Just thinking

The peg is rolling it's not set in value, it can go up and down, holders of Bitbay vote on supply. The difference is it can go to whatever price we want and hold a fixed peg when we want

Yeah it can still fluctuate!
So for example, 1,2,3,4,5,etc., months after the 'rolling' peg is implemented, there is no telling where the price will be for BitBay.
And users will be able to vote (decentralized) on how they wish to protect their investment. It's only natural that they will be voting in favor of keeping system stabilized OR for hope of potential growth!

Trust me! Karartma1

This is going to be a good thing. And is going to work great along side bitcoin.
It's going to be simple and yet elaborate.
If you want to be as simple as buy low, sell high - you still can!
However for the sake of day traders, the option of the complexity available will literally make it the most exciting trading process they have ever encountered before!


You don't have me on that but that is my humble perspective from a pure economic side. However, I'm totally in line with everything else which I love.
I'm not a day trader, I simply buy stakes in what I believe are the most viable alternatives of my beloved BTC.
We don't have to agree on everything here  Wink Wink Wink

Yeah some people love laissez-faire capitalism. This system is definitely controlled by a set of new rule. But it is still very much a free for all.

And yeah so I can see how you don't agree. It's probably just a matter of taste. I'm personally really looking forward to finishing it.

As are most of us. It will be interesting to say the least to watch this work in real time.
legendary
Activity: 2412
Merit: 1044
About the Peg: I'm not a big supporter I must admit. The idea of having something set in terms of value doesn't excite me. I would personally wait fro a much better recognition of the whole project before thinking of that.
Just thinking

The peg is rolling it's not set in value, it can go up and down, holders of Bitbay vote on supply. The difference is it can go to whatever price we want and hold a fixed peg when we want

Yeah it can still fluctuate!
So for example, 1,2,3,4,5,etc., months after the 'rolling' peg is implemented, there is no telling where the price will be for BitBay.
And users will be able to vote (decentralized) on how they wish to protect their investment. It's only natural that they will be voting in favor of keeping system stabilized OR for hope of potential growth!

Trust me! Karartma1

This is going to be a good thing. And is going to work great along side bitcoin.
It's going to be simple and yet elaborate.
If you want to be as simple as buy low, sell high - you still can!
However for the sake of day traders, the option of the complexity available will literally make it the most exciting trading process they have ever encountered before!


You don't have me on that but that is my humble perspective from a pure economic side. However, I'm totally in line with everything else which I love.
I'm not a day trader, I simply buy stakes in what I believe are the most viable alternatives of my beloved BTC.
We don't have to agree on everything here  Wink Wink Wink

Yeah some people love laissez-faire capitalism. This system is definitely controlled by a set of new rule. But it is still very much a free for all.

And yeah so I can see how you don't agree. It's probably just a matter of taste. I'm personally really looking forward to finishing it.
legendary
Activity: 2310
Merit: 1422
About the Peg: I'm not a big supporter I must admit. The idea of having something set in terms of value doesn't excite me. I would personally wait fro a much better recognition of the whole project before thinking of that.
Just thinking

The peg is rolling it's not set in value, it can go up and down, holders of Bitbay vote on supply. The difference is it can go to whatever price we want and hold a fixed peg when we want

Yeah it can still fluctuate!
So for example, 1,2,3,4,5,etc., months after the 'rolling' peg is implemented, there is no telling where the price will be for BitBay.
And users will be able to vote (decentralized) on how they wish to protect their investment. It's only natural that they will be voting in favor of keeping system stabilized OR for hope of potential growth!

Trust me! Karartma1

This is going to be a good thing. And is going to work great along side bitcoin.
It's going to be simple and yet elaborate.
If you want to be as simple as buy low, sell high - you still can!
However for the sake of day traders, the option of the complexity available will literally make it the most exciting trading process they have ever encountered before!


You don't have me on that but that is my humble perspective from a pure economic side. However, I'm totally in line with everything else which I love.
I'm not a day trader, I simply buy stakes in what I believe are the most viable alternatives of my beloved BTC.
We don't have to agree on everything here  Wink Wink Wink
legendary
Activity: 2412
Merit: 1044
Both Bitmessage and E-mail are allowed. It's just a user who posts Bitmessage only listens for Bitmessage and a user who posts email only looks for E-mail. It's not set up so email sellers will accept both.
full member
Activity: 307
Merit: 109
Hey guys,
Just wanted to mention that we found a bug with hotmail and outlook emails synced to the client.
They must have updated some coding.

Anyways, just wanted to give heads up that David is aware and will fix.
He might even revert back to allowing both bitmessage or email to broadcast to alleviate anything like this again in the future.

So if you wish to try out my faucet, make sure your client is synced with either mail.com gmail.com or aol.com  email provider.

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