David:
What are your thoughts on reducing the max coin supply?
What are your thoughts on reducing the max coin supply?
Isn't that what pegging does by freezing? No reason to artificially reduce market cap before that is there?
Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 228. (Read 542151 times)
November 28, 2016, 08:45:32 AM
Isn't that what pegging does by freezing? No reason to artificially reduce market cap before that is there?
November 28, 2016, 08:40:50 AM
David:
What are your thoughts on reducing the max coin supply? Or, will the supply be monitored and changed via lockout to make the peg work?
What are your thoughts on reducing the max coin supply? Or, will the supply be monitored and changed via lockout to make the peg work?
November 27, 2016, 12:29:33 PM
Also!
Some more exciting news! Recently a investor that is working on creating the first open sourced blockchain hedge fund, has recently expressed his interest in BitBay's development as a potential 'Buy'.
You can find his BCT thread here:
https://bitcointalksearch.org/topic/altcoins-potential-in-a-year-from-now-list-25082016-1596714
_______________________________________________________________________________
Add all of this with the upcoming release of an exclusive interview published by gjsteele71
____________________________________________________________________
And don't forget that David has a major update to the client around the end of the year!
Hopefully David will chime in later on what all we can expect at the end of the year release.
Exciting times ahead! Enjoy the cheap coins while you can get them!
Some more exciting news! Recently a investor that is working on creating the first open sourced blockchain hedge fund, has recently expressed his interest in BitBay's development as a potential 'Buy'.
You can find his BCT thread here:
https://bitcointalksearch.org/topic/altcoins-potential-in-a-year-from-now-list-25082016-1596714
_______________________________________________________________________________
Add all of this with the upcoming release of an exclusive interview published by gjsteele71
Quote
Hi All,
I am happy to see interest in BAY picking up. I saw a few inquiries on pegging and what the future holds. Next week I will be publishing an interview dzimbeck was gracious enough to do, where he explains BitBay's purpose, what has been happening and what we can expect next. I will post a link to it here on BCT when it is finished, so be on the lookout. Once you see it, if you could spread it around we can get even more people to take an interest and see what is happening around here.
Thanks!
https://bitcointalksearch.org/topic/m.16969208I am happy to see interest in BAY picking up. I saw a few inquiries on pegging and what the future holds. Next week I will be publishing an interview dzimbeck was gracious enough to do, where he explains BitBay's purpose, what has been happening and what we can expect next. I will post a link to it here on BCT when it is finished, so be on the lookout. Once you see it, if you could spread it around we can get even more people to take an interest and see what is happening around here.
Thanks!
____________________________________________________________________
And don't forget that David has a major update to the client around the end of the year!
Hopefully David will chime in later on what all we can expect at the end of the year release.
Exciting times ahead! Enjoy the cheap coins while you can get them!
November 27, 2016, 12:25:37 PM
So we have some great news!
Since day one, a core member has been tracking the accounts of the ICO thieves.
The good news is that he feels that they are almost completely out of coins finally!
I'll repost his recent update he posted on Slack.
Anyone wishes to join us on slack feel free to click on link below. We try our best to post info to both BCT and Slack as we get them.
http://bitbay.market/wp-login.php?action=slack-invitation
Since day one, a core member has been tracking the accounts of the ICO thieves.
The good news is that he feels that they are almost completely out of coins finally!
I'll repost his recent update he posted on Slack.
Quote
sirlosealot [5:23 PM]
Last call for cheap Bay!
Over the last 18 months 400-450 mil Bay have been dumped by 3 people. I assume you can imagine who those are. This is the reason why Bay has been priced so low for so long.
Rather to attempt to revert the blockchain to remove those coins stolen during the Bter hosted ICO, the community decided it would be best to remain true to the very core principal of crypto-currency by maintaining a decentralized blockchain.
The good news is the dumpers are now (almost) out. I have been tracking wallets in top 100 since January 2015 so I'm quite sure about this. There are only 3 mil left in the last of the big wallets (they may not be all his as this is a Bter wallet). I guesstimate the dumper has approx 5 mil more on Bittrex, and he may have a few more in wallets that have been to small to show up on my radar. So maybe 10 mil in total left in a worst case scenario. That's less than two days volume on Bittrex these days.
Still I'd like to add a disclaimer: I have not been tracking wallets below top 100, so there is no way for me to be sure dumper doesn't have more in small wallets.
Last call for cheap Bay!
Over the last 18 months 400-450 mil Bay have been dumped by 3 people. I assume you can imagine who those are. This is the reason why Bay has been priced so low for so long.
Rather to attempt to revert the blockchain to remove those coins stolen during the Bter hosted ICO, the community decided it would be best to remain true to the very core principal of crypto-currency by maintaining a decentralized blockchain.
The good news is the dumpers are now (almost) out. I have been tracking wallets in top 100 since January 2015 so I'm quite sure about this. There are only 3 mil left in the last of the big wallets (they may not be all his as this is a Bter wallet). I guesstimate the dumper has approx 5 mil more on Bittrex, and he may have a few more in wallets that have been to small to show up on my radar. So maybe 10 mil in total left in a worst case scenario. That's less than two days volume on Bittrex these days.
Still I'd like to add a disclaimer: I have not been tracking wallets below top 100, so there is no way for me to be sure dumper doesn't have more in small wallets.
Anyone wishes to join us on slack feel free to click on link below. We try our best to post info to both BCT and Slack as we get them.
http://bitbay.market/wp-login.php?action=slack-invitation
I don't get it, is people dumping and buying more than 18 months? Coz only 100 m bay existed.
Sorry for the confusion.
BitBay has a 1 billion coin supply plus stake interest.
http://coinmarketcap.com/currencies/bitbay/
November 27, 2016, 12:19:38 PM
So we have some great news!
Since day one, a core member has been tracking the accounts of the ICO thieves.
The good news is that he feels that they are almost completely out of coins finally!
I'll repost his recent update he posted on Slack.
Anyone wishes to join us on slack feel free to click on link below. We try our best to post info to both BCT and Slack as we get them.
http://bitbay.market/wp-login.php?action=slack-invitation
Since day one, a core member has been tracking the accounts of the ICO thieves.
The good news is that he feels that they are almost completely out of coins finally!
I'll repost his recent update he posted on Slack.
Quote
sirlosealot [5:23 PM]
Last call for cheap Bay!
Over the last 18 months 400-450 mil Bay have been dumped by 3 people. I assume you can imagine who those are. This is the reason why Bay has been priced so low for so long.
Rather to attempt to revert the blockchain to remove those coins stolen during the Bter hosted ICO, the community decided it would be best to remain true to the very core principal of crypto-currency by maintaining a decentralized blockchain.
The good news is the dumpers are now (almost) out. I have been tracking wallets in top 100 since January 2015 so I'm quite sure about this. There are only 3 mil left in the last of the big wallets (they may not be all his as this is a Bter wallet). I guesstimate the dumper has approx 5 mil more on Bittrex, and he may have a few more in wallets that have been to small to show up on my radar. So maybe 10 mil in total left in a worst case scenario. That's less than two days volume on Bittrex these days.
Still I'd like to add a disclaimer: I have not been tracking wallets below top 100, so there is no way for me to be sure dumper doesn't have more in small wallets.
Last call for cheap Bay!
Over the last 18 months 400-450 mil Bay have been dumped by 3 people. I assume you can imagine who those are. This is the reason why Bay has been priced so low for so long.
Rather to attempt to revert the blockchain to remove those coins stolen during the Bter hosted ICO, the community decided it would be best to remain true to the very core principal of crypto-currency by maintaining a decentralized blockchain.
The good news is the dumpers are now (almost) out. I have been tracking wallets in top 100 since January 2015 so I'm quite sure about this. There are only 3 mil left in the last of the big wallets (they may not be all his as this is a Bter wallet). I guesstimate the dumper has approx 5 mil more on Bittrex, and he may have a few more in wallets that have been to small to show up on my radar. So maybe 10 mil in total left in a worst case scenario. That's less than two days volume on Bittrex these days.
Still I'd like to add a disclaimer: I have not been tracking wallets below top 100, so there is no way for me to be sure dumper doesn't have more in small wallets.
Anyone wishes to join us on slack feel free to click on link below. We try our best to post info to both BCT and Slack as we get them.
http://bitbay.market/wp-login.php?action=slack-invitation
I don't get it, is people dumping and buying more than 18 months? Coz only 100 m bay existed.
November 27, 2016, 12:09:13 PM
So we have some great news!
Since day one, a core member has been tracking the accounts of the ICO thieves.
The good news is that he feels that they are almost completely out of coins finally!
I'll repost his recent update he posted on Slack.
Anyone wishes to join us on slack feel free to click on link below. We try our best to post info to both BCT and Slack as we get them.
http://bitbay.market/wp-login.php?action=slack-invitation
Since day one, a core member has been tracking the accounts of the ICO thieves.
The good news is that he feels that they are almost completely out of coins finally!
I'll repost his recent update he posted on Slack.
Quote
sirlosealot [5:23 PM]
Last call for cheap Bay!
Over the last 18 months 400-450 mil Bay have been dumped by 3 people. I assume you can imagine who those are. This is the reason why Bay has been priced so low for so long.
Rather to attempt to revert the blockchain to remove those coins stolen during the Bter hosted ICO, the community decided it would be best to remain true to the very core principal of crypto-currency by maintaining a decentralized blockchain.
The good news is the dumpers are now (almost) out. I have been tracking wallets in top 100 since January 2015 so I'm quite sure about this. There are only 3 mil left in the last of the big wallets (they may not be all his as this is a Bter wallet). I guesstimate the dumper has approx 5 mil more on Bittrex, and he may have a few more in wallets that have been to small to show up on my radar. So maybe 10 mil in total left in a worst case scenario. That's less than two days volume on Bittrex these days.
Still I'd like to add a disclaimer: I have not been tracking wallets below top 100, so there is no way for me to be sure dumper doesn't have more in small wallets.
Last call for cheap Bay!
Over the last 18 months 400-450 mil Bay have been dumped by 3 people. I assume you can imagine who those are. This is the reason why Bay has been priced so low for so long.
Rather to attempt to revert the blockchain to remove those coins stolen during the Bter hosted ICO, the community decided it would be best to remain true to the very core principal of crypto-currency by maintaining a decentralized blockchain.
The good news is the dumpers are now (almost) out. I have been tracking wallets in top 100 since January 2015 so I'm quite sure about this. There are only 3 mil left in the last of the big wallets (they may not be all his as this is a Bter wallet). I guesstimate the dumper has approx 5 mil more on Bittrex, and he may have a few more in wallets that have been to small to show up on my radar. So maybe 10 mil in total left in a worst case scenario. That's less than two days volume on Bittrex these days.
Still I'd like to add a disclaimer: I have not been tracking wallets below top 100, so there is no way for me to be sure dumper doesn't have more in small wallets.
Anyone wishes to join us on slack feel free to click on link below. We try our best to post info to both BCT and Slack as we get them.
http://bitbay.market/wp-login.php?action=slack-invitation
November 27, 2016, 11:13:04 AM
Get this error on Coinmarketcap.com when clicking on "Website" under BitBay specs:
"The bitbay.market page isn’t working
bitbay.market is currently unable to handle this request.
HTTP ERROR 500"
That's weird. coinmarketcap website link works fine for me
Transient error, should have tried again later. All is well...
November 26, 2016, 05:14:23 PM
Get this error on Coinmarketcap.com when clicking on "Website" under BitBay specs:
"The bitbay.market page isn’t working
bitbay.market is currently unable to handle this request.
HTTP ERROR 500"
That's weird. coinmarketcap website link works fine for me
November 26, 2016, 04:18:32 PM
Get this error on Coinmarketcap.com when clicking on "Website" under BitBay specs:
"The bitbay.market page isn’t working
bitbay.market is currently unable to handle this request.
HTTP ERROR 500"
November 26, 2016, 06:43:48 AM
volume building daily too 
David have you tried to reach out to polo owner and have a chat with him?
I think after the latest template update polo could be just the exposure we need. Although moving up the top 100 MC is great for attracting attention also.
David have you tried to reach out to polo owner and have a chat with him?
I think after the latest template update polo could be just the exposure we need. Although moving up the top 100 MC is great for attracting attention also.
November 25, 2016, 08:30:25 PM
Hi All,
I am happy to see interest in BAY picking up. I saw a few inquiries on pegging and what the future holds. Next week I will be publishing an interview dzimbeck was gracious enough to do, where he explains BitBay's purpose, what has been happening and what we can expect next. I will post a link to it here on BCT when it is finished, so be on the lookout. Once you see it, if you could spread it around we can get even more people to take an interest and see what is happening around here.
Thanks!
I am happy to see interest in BAY picking up. I saw a few inquiries on pegging and what the future holds. Next week I will be publishing an interview dzimbeck was gracious enough to do, where he explains BitBay's purpose, what has been happening and what we can expect next. I will post a link to it here on BCT when it is finished, so be on the lookout. Once you see it, if you could spread it around we can get even more people to take an interest and see what is happening around here.
Thanks!
Definitely waiting for this interview.
This is great,Thanks very much.
Marketing and communication are needed even for good projects like this one therefore this is very good on the long run. The more information the better. I personally invested in the ICO long ago and I've been watching this thread closely even though I don't contribute much.
Same here, bought in at the ICO and still have complete faith in David's ability to see this project through.
What is your best idea regarding having a 2nd dev?
Maybe Bitbay is ready to start crowdfunding specific projects?
If BitBay keeps increasing we could entertain the idea. Skilled crypto devs are in very short supply most of them have their own projects.
For now I'm fine working on it alone. If you download it you will see how far we've come
Also yes, congrats guys... we are over 1 million. This is just the beginning
November 25, 2016, 07:44:15 PM
Hi All,
I am happy to see interest in BAY picking up. I saw a few inquiries on pegging and what the future holds. Next week I will be publishing an interview dzimbeck was gracious enough to do, where he explains BitBay's purpose, what has been happening and what we can expect next. I will post a link to it here on BCT when it is finished, so be on the lookout. Once you see it, if you could spread it around we can get even more people to take an interest and see what is happening around here.
Thanks!
I am happy to see interest in BAY picking up. I saw a few inquiries on pegging and what the future holds. Next week I will be publishing an interview dzimbeck was gracious enough to do, where he explains BitBay's purpose, what has been happening and what we can expect next. I will post a link to it here on BCT when it is finished, so be on the lookout. Once you see it, if you could spread it around we can get even more people to take an interest and see what is happening around here.
Thanks!
Definitely waiting for this interview.
This is great,Thanks very much.
Marketing and communication are needed even for good projects like this one therefore this is very good on the long run. The more information the better. I personally invested in the ICO long ago and I've been watching this thread closely even though I don't contribute much.
Same here, bought in at the ICO and still have complete faith in David's ability to see this project through.
What is your best idea regarding having a 2nd dev?
Maybe Bitbay is ready to start crowdfunding specific projects?
November 25, 2016, 07:24:28 PM
Congrats David!
BitBay over 1 million market cap!
This is just the beginning!
BitBay over 1 million market cap!
This is just the beginning!
November 25, 2016, 07:10:17 PM
Hi All,
I am happy to see interest in BAY picking up. I saw a few inquiries on pegging and what the future holds. Next week I will be publishing an interview dzimbeck was gracious enough to do, where he explains BitBay's purpose, what has been happening and what we can expect next. I will post a link to it here on BCT when it is finished, so be on the lookout. Once you see it, if you could spread it around we can get even more people to take an interest and see what is happening around here.
Thanks!
I am happy to see interest in BAY picking up. I saw a few inquiries on pegging and what the future holds. Next week I will be publishing an interview dzimbeck was gracious enough to do, where he explains BitBay's purpose, what has been happening and what we can expect next. I will post a link to it here on BCT when it is finished, so be on the lookout. Once you see it, if you could spread it around we can get even more people to take an interest and see what is happening around here.
Thanks!
Definitely waiting for this interview.
This is great,Thanks very much.
Marketing and communication are needed even for good projects like this one therefore this is very good on the long run. The more information the better. I personally invested in the ICO long ago and I've been watching this thread closely even though I don't contribute much.
Same here, bought in at the ICO and still have complete faith in David's ability to see this project through.
November 25, 2016, 02:42:34 AM
Hi All,
I am happy to see interest in BAY picking up. I saw a few inquiries on pegging and what the future holds. Next week I will be publishing an interview dzimbeck was gracious enough to do, where he explains BitBay's purpose, what has been happening and what we can expect next. I will post a link to it here on BCT when it is finished, so be on the lookout. Once you see it, if you could spread it around we can get even more people to take an interest and see what is happening around here.
Thanks!
I am happy to see interest in BAY picking up. I saw a few inquiries on pegging and what the future holds. Next week I will be publishing an interview dzimbeck was gracious enough to do, where he explains BitBay's purpose, what has been happening and what we can expect next. I will post a link to it here on BCT when it is finished, so be on the lookout. Once you see it, if you could spread it around we can get even more people to take an interest and see what is happening around here.
Thanks!
Definitely waiting for this interview.
This is great,Thanks very much.
Marketing and communication are needed even for good projects like this one therefore this is very good on the long run. The more information the better. I personally invested in the ICO long ago and I've been watching this thread closely even though I don't contribute much.
November 24, 2016, 01:02:49 PM
Hi All,
I am happy to see interest in BAY picking up. I saw a few inquiries on pegging and what the future holds. Next week I will be publishing an interview dzimbeck was gracious enough to do, where he explains BitBay's purpose, what has been happening and what we can expect next. I will post a link to it here on BCT when it is finished, so be on the lookout. Once you see it, if you could spread it around we can get even more people to take an interest and see what is happening around here.
Thanks!
I am happy to see interest in BAY picking up. I saw a few inquiries on pegging and what the future holds. Next week I will be publishing an interview dzimbeck was gracious enough to do, where he explains BitBay's purpose, what has been happening and what we can expect next. I will post a link to it here on BCT when it is finished, so be on the lookout. Once you see it, if you could spread it around we can get even more people to take an interest and see what is happening around here.
Thanks!
Definitely waiting for this interview.
This is great,Thanks very much.
November 24, 2016, 06:11:23 AM
I was under the impression that bitbay was long and dead. I tried my wallet today but it is not sincronizing. Any thoughts its GT windows 1.01
We've been having sync issues because of seed node issues. David will have a new mini update for that very reason within the next few days.
Have you created an updated add node conf file?
I just pinged the network with a getpeerinfo command
create a text document
copy and paste in text document like notepad (these are the latest ip addresses I got from the console's getpeerinfo command):
server=1
daemon=1
listen=1
rpcuser=user
rpcpassword=pass
addnode=85.25.146.74
addnode=104.237.2.192
addnode=45.56.109.7
addnode=91.121.217.70
addnode=159.203.184.167
addnode=96.232.82.36
addnode=108.61.10.90
addnode=104.172.24.79
When you 'save as' the text document (if you are using notepad), simply change the 'save as type' to All Files and name the file bitbay.conf
Now move that file to your bitbay user/>username
And reload the qt program
November 24, 2016, 05:57:33 AM
Hi All,
I am happy to see interest in BAY picking up. I saw a few inquiries on pegging and what the future holds. Next week I will be publishing an interview dzimbeck was gracious enough to do, where he explains BitBay's purpose, what has been happening and what we can expect next. I will post a link to it here on BCT when it is finished, so be on the lookout. Once you see it, if you could spread it around we can get even more people to take an interest and see what is happening around here.
Thanks!
I am happy to see interest in BAY picking up. I saw a few inquiries on pegging and what the future holds. Next week I will be publishing an interview dzimbeck was gracious enough to do, where he explains BitBay's purpose, what has been happening and what we can expect next. I will post a link to it here on BCT when it is finished, so be on the lookout. Once you see it, if you could spread it around we can get even more people to take an interest and see what is happening around here.
Thanks!
I did the inquiries on pegging, but dont be too happy, I'm just an ordinary person with not much money
what are you unhappy about?
He's not unhappy. He's saying he's not capable of buying a lot because of his budget.
@formajocoto - anything you buy now at this price WILL be a lot after the peg.
November 24, 2016, 05:12:41 AM
If we can just get polo to understand the potential perks that BitBay can provide them in the future.
- Safely cold stake investors' coins as a mining pool for the sake of maximizing stake profits from POS 3.0
This could create all sorts of possibilities:
- Futures for cold staking contracts, for example:
- An investor could make an 'x' amount of return guaranteed if he locks his coins for 1 week, 1 month, 3 months, etc.
- Tracking the amount of coins locked in futures mining would create speculation amongst traders as they near maturity.
- Don't forget that the peg will create a futures market separate from the mining futures market.
- So now you have multiple futures markets to track and speculate on upon maturity of contracts.
- After the peg is implemented, the exchange could use BitBay as a leveraging tool.
- Loaners wouldn't have to deal with the hassle of depositing USD for leveraging.
- Now the incentives for loaners (compared to USD loaners) would be even more advantageous as they would profit from stake reward bonuses along with leverage interest fees.
- With the exchange making so much money, they could begin creating an insurance fund for fraud protection. The sooner they start the sooner it grows in size - as it could gain interest from cold staking in a separate cold wallet!
- With a substantial insurance fund, more and more big time investors will catch wind.
- Investors will be willing to extend their futures mining contracts, thus removing even more liquidity and create more demand!!
All of this is just to try to put in perspective of what an exchange can potentially do with BitBay, let alone users can do with the actual client. The beauty of BitBay is that it finally provides the tools for exchanges to implement multi-sig technology with minimal 'retro-fitting'. Once exchanges jump on board with the security of multi-sig, they will be wondering why they didn't start using it sooner!
- Safely cold stake investors' coins as a mining pool for the sake of maximizing stake profits from POS 3.0
This could create all sorts of possibilities:
- Futures for cold staking contracts, for example:
- An investor could make an 'x' amount of return guaranteed if he locks his coins for 1 week, 1 month, 3 months, etc.
- Tracking the amount of coins locked in futures mining would create speculation amongst traders as they near maturity.
- Don't forget that the peg will create a futures market separate from the mining futures market.
- So now you have multiple futures markets to track and speculate on upon maturity of contracts.
- After the peg is implemented, the exchange could use BitBay as a leveraging tool.
- Loaners wouldn't have to deal with the hassle of depositing USD for leveraging.
- Now the incentives for loaners (compared to USD loaners) would be even more advantageous as they would profit from stake reward bonuses along with leverage interest fees.
- With the exchange making so much money, they could begin creating an insurance fund for fraud protection. The sooner they start the sooner it grows in size - as it could gain interest from cold staking in a separate cold wallet!
- With a substantial insurance fund, more and more big time investors will catch wind.
- Investors will be willing to extend their futures mining contracts, thus removing even more liquidity and create more demand!!
All of this is just to try to put in perspective of what an exchange can potentially do with BitBay, let alone users can do with the actual client. The beauty of BitBay is that it finally provides the tools for exchanges to implement multi-sig technology with minimal 'retro-fitting'. Once exchanges jump on board with the security of multi-sig, they will be wondering why they didn't start using it sooner!
polo owner is actally a coder himself so im sure once he has contact with david and realises the caliber of coder bay has he will list it. Beside volume is quite good lately too. Better many coins on there and would be far greater if listed there. Then again maybe be best to wait unitl after xmas so then the polo traders will download and get to experience the latest and greatest features of bay. Maximum impact.
November 24, 2016, 05:10:16 AM
I was under the impression that bitbay was long and dead. I tried my wallet today but it is not sincronizing. Any thoughts its GT windows 1.01
There was a couple of snap shot services announced in the last few pages of this thread. Would be cool if there were linked with the wallet on the OP.
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