Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 231. (Read 542225 times)

Finally we might see a true bull run.

Saudi's and China are dumping US treasuries.
Looks like I'm going to try to convert more USD to crypto .

Let the political war games begin!!

http://www.zerohedge.com/news/2016-11-16/saudis-china-dump-treasuries-foreign-central-banks-liquidate-record-375-billion-us-p (edited)

Couldn't agree more and I hope will be when people are more aware of the possibilities with bay.

I see that Overstock has vest heavily into their T0 platform.

I don't know enough about it, but I'm willing to bet it's based on profit and based on trust of a 3rd party.

So once that hurdle is overcome, we should have smooth sailing. Natural law of profitability will overtake it. If a trader can buy and sell for free over a fee based exchange, they will!

Wow so I'm starting to wake up more and more to the possibilities with Wallstreet opening up to trading stocks on the blockchain.

Overstock will lead the way...
http://www.coindesk.com/overstocks-blockchain-stock-will-begin-trading-december/

So this should create all sorts of advantages for stockmarket traders.
1) Slippage potentially minimized
2) Commission fee's minimized
3) Naked short selling minimized

Yet what's really caught my interest is how the ownership of stock shares will be stored.
I mean it shouldn't be any different than how a typical cryptocurrency stores it's values right? The owner actually holds in possession of the stocks on his blockchain wallet.
If it isn't set up that way yet for Overstock, I'm sure it eventually will.
This will cause a huge decline in brokerage houses that 'hold' your portfolio in their 'middleman' possession, and rightfully so... It's 'yours' after all!

So point being is that I don't see why we won't have a future where traders trade their shares like crypto currently does with exchanges like bittrex and polo.

Yet here's the kicker, with Halo, now David can add a whole new paradigm to the equation.
Traders will be able to trade freely and trustlessly any stock they want for any stock, fiat, or token of value they own.
I don't see exchanges like polo or bittrex being able to add stocks into their list of markets anytime soon. The existing brokerage houses of wall street will fight tooth and nail over that. They will buy up the SEC so fast with red tape that I just don't see it possible in any quick manner.
Yet with BitBay, it's decentralized, and can't be regulated since it's not a business and especially because it's not for profit.

So even though BitBay doesn't have the current crypto traders on board realizing that they can trustlessly buy and sell any crypto for any crypto without having to go through a 3rd party escrow or exchange, I think that wall street waking up will be a different story.
For example, if Mutual fund A wants to liquidate their 5% ownership of stock XYZ (for what ever reason) they could somewhat use their same chatbox channels to spread the word and once they find a buyer, they could literally sell securely through BitBay at a 0% slippage and commission fee.

The possibilities are endless! Since all this will be after the peg, BitBay will not only turn into a great hedging tool, but also a leveraging tool as well. And again, without having to front a 3rd party brokerage house the funds!

Man I can't wait to watch how Overstocks experiment works out in December!

Bay should be higher than most of the coins on coinmarketcap. It should be top 20. World's first decentralized markets as promised. 

Well they ought to stop everything they are doing and focus first and foremost on creating an actual marketable name.

Dead but still above WBB? Not that WBB isn't a reasonable outside chancer. The definition of dead though needs some focus in this case.

I would expect both of these projects to be way higher than they are if their plans come to fruition although BAY significantly higher than WBB.

BIT BAY

LOL

DEAD ever since the bob breakup and scams of chinese exchange!!!

No not like that... ive made it an external payment option.. because rawtxs are compatible it will work with my escrow... addresses are compatible because it shares same private key prefix as syscoin for taddr. Clones wont go too far.. its too advanced and not many clone devs will understand how to improve it

Wow... that would be something. So it can be cloned fairly easy? That would give any coin with a decent dev the ability to cut and paste.
That's got to have Monero, Dash, Shadow, and Nav a bit nervous I'd think 

Zcoin is from the same team as zcash and implemented the same lib.. zcash is work ontop of zcoin and fixes critical security flaws and optimizations ontop of zcoin design.. thats what their cryptographer told me. Afaik zcash is the only anon choice after reading their code.. although their integration into btc wasnt the cleanest it could be it was obviously the best choice over the other mentioned implementations. Infact because of their choice to use btc as a base im able to integrate into syscoin easily aswell... providing optin anon to users of marketplace...

http://syscoin.org/increased-privacy-syscoin-2-1-direct-zcash-payment-support/?utm_content=buffer8e784&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Some nice buy support on bter.

That's a pretty big price difference from bittrex and bter.

I won't ever lay a btc on that exchange, but maybe it's coming from a chinese investor(s).

That figures.
Thanks for the info.


After the peg we should be able to afford to get some massive marketing going, then I think the website forum will be the main focus.

I'm hoping the website forum will come alive with merchant refugees from ebay, amazon, etc.
Since David has a steganography system built into the client, existing merchants could hide contact info inside their images they post for their items for sale.
That way they could market their items the same way, while the BitBay marketplace gains adoption. It would be like a temporary 'underground railroad' system.

Thanks David. I still rate you as the best and most responsive developer of any community I am part of. I have great faith in Bay and its future.

Good luck! I did the same thing about six months ago and lost my HERO account (RJF) because of it. Had to create a new one and start from scratch. Tried ever possible way to get them to respond but never heard anything so, now I'm stuck with the new account. Really sucks...

I've heard Nav was a good design. But I've not independently verified it. The idea of parallel chains was interesting. My favorite ANON coin concept is obviously ZCash. However, SDC and Monero with ring signatures are a good second. And NAV is sort of 3rd. I think anonymous broadcast is better than most anon protocols but it isn't better if an exploit is found in Bitmessage so it all depends on how people audit that.

ZCash is on another level because its zero knowledge proof. You can't know who moves what, only you can know your own balance. However ZCash is memory intensive and ZCoin claims not to be.

In the end, anonymous broadcast is a low-tech and extremely simple system. I have no idea how someone would know who owns what account since your IP address is just thrown in the big pool of addresses and nobody in specific broadcasts. You would have to spoof a lot of nodes to break it.

But like I've said, no reason to derail development. Lets just stay course and people will see very soon the power of Bitbay.

Thanks Steve.
I was getting worried you had abandoned your website.


Guys, this is 3r197, I tried to change my password from a different location (on vacation) this caused my account to get locked.
Trying to get the admin to respond here is like pulling teeth.

I'll get someone on slack to vouche for me that this is legit.

Yes that is true, although even privacy enough to keep the average joe from seeing what his pals are buying is probably all that is required.

Is nav really a good design? imagine soopy could have been a good developer had he taken this more seriously. Im pretty sure he invented navs version of anon. I thought that was a simple design but if you rate it then i may have underestimated it.

Absolutely agree David, lets stay the course and get these features done as planned. Not every coin has to specialize in being anonymous, there are many other features that are desirable. In fact, the anon functionality, in my opinion, is a niche and not necessary for success and wide spread adoption.