I heard (in the Ambercoin thread) C-Cex does stake. And I am affraid Bter does the same.
For the coinholders it is better to trade their coins on the non-staking exchanges.
Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 234. (Read 542115 times)
October 30, 2016, 05:45:00 AM
As far as I hear Poloniex does not stake the POS coins (unfortunately, I forget and can't provide the source of the info), neither does BitTrex, I think, but better ask them directly
I heard (in the Ambercoin thread) C-Cex does stake. And I am affraid Bter does the same.
For the coinholders it is better to trade their coins on the non-staking exchanges.
I heard (in the Ambercoin thread) C-Cex does stake. And I am affraid Bter does the same.
For the coinholders it is better to trade their coins on the non-staking exchanges.
October 30, 2016, 03:00:26 AM
I'm not sure why this isn't going through the roof...ok the past history on this coin isn't the best...but it looks bloody promising, maybe getting this thread to come up first on a google search rather than the old one will help a little...........and everyone should try and give poloniex a nod...they say they like to add coins with good devs and promising tech...lets see if they are true to their word.
They do and with the amount of consistent innovation happening with this coin, they will no longer want to ignore it. It will get added on Polo soon, I hope unless we fail in spreading the word and communicating our achievements to Poloniex.
October 29, 2016, 07:58:18 PM
I'm not sure why this isn't going through the roof...ok the past history on this coin isn't the best...but it looks bloody promising, maybe getting this thread to come up first on a google search rather than the old one will help a little...........and everyone should try and give poloniex a nod...they say they like to add coins with good devs and promising tech...lets see if they are true to their word.
Yeah, thanks for the interest and kind words.
I think there has been some issues with the owner of BCT causing us to have no luck with SEO capabilities.
Yeah, supporters have been trying to get us on poloniex through the request form, but right now the volume is probably too low.
I think that could change once poloniex realizes that they could essentially stake BitBay on their exchange securely because wallets have 2 private keys and the client has a joint account system.
So they could have a 'hot' cold wallet staking because they could run the wallet on 2 separate computer devices. A hacker would have to penetrate both devices to gain access to the 'hot' cold wallet.
So essentially they could stake trader's coins while they are trading. This could create all sorts of interesting features, especially after the coin completes the rolling peg tech. Since BitBay is converting to Proof of Stake 3.0, exchanges have the capability to gain higher stake reward percentages as it would virtually turn into a mining pool with various return percentages provided to the traders.
This would allow for an exchange like poloniex to reap a fair amount of stake coins for their own benefit. They would give the most back to the traders, but retain a cut for the service.
The way I understand POS 3.0 is that with BitBay starting off with 1 billion coins at 1% inflation per year, no matter what the total number of coins will increase by 1% (10 million coins). So if only 5 people with a combined total of 5 million coins were staking in the entire network for one year, Then those stakers would gain the 10 million coins by the end of the year based on their percentages of coins owned.
That's way more than a 1% ROI.
It's impossible for every coin to stake in the network. So no matter what, the return will be higher than 1%.
Currently Bittrex has over 100 million coins sitting in their exchange waiting to be bought.
With the volume capabilities of poloniex, if BitBay was traded there, that amount could possibly triple.
So with 300 million coins on average staking over the course of a year and the rest of the network is only staking 400 million, then polo would essentially earn 42.8% of the 10 million minted.
Doesn't seem like much, but if you factor in a random peg value of $0.10 (just as an example, no one knows the starting peg value), then polo would be minting a total of USD 428,000.00 per year!!!!! Granted a lot of it would go back to the traders, but I'm sure they could create incentives to alter that, like free trading for traders who hold over 50,000 BitBays on the exchange.
No other coin can offer this feature an exchange (mainly because of price stability from rolling peg technology)
So yeah, I agree BitBay should be on poloniex, because in the future we will help them make a shit load of money!
Edit:
None this even takes in consideration that Bittrex an Poloniex could actually buy the coin for themselves because of this capability.
So essentially for the first time, you could have exchanges that not only allow for traders to trade it, but they would also have financial 'strings' attached to it so they would help protect the value of it!
October 29, 2016, 05:36:39 PM
I'm not sure why this isn't going through the roof...ok the past history on this coin isn't the best...but it looks bloody promising, maybe getting this thread to come up first on a google search rather than the old one will help a little...........and everyone should try and give poloniex a nod...they say they like to add coins with good devs and promising tech...lets see if they are true to their word.
October 29, 2016, 04:00:49 PM
The thing is as the size of the software increases so does the work load. But the good news is I'm making progress. There is an end in sight. I've got it all mapped out. The fiasco with Zcash was a perfect example of supply and demand something we intend to have more control of.
October 29, 2016, 02:19:09 PM
Am so glad this project is still going and seems to be going from strength to strength.
going to invest in this un found (as of yet) gem
going to invest in this un found (as of yet) gem
Thanks for the kind words.
Yeah David is coding this gem all by himself. I think Halo is somewhere over 60 to 70 thousand lines of coding!
It's frustrating knowing where the price is now with all the features it currently has working.
In all honesty, after the rolling peg is complete and all it's features that spin off from it, I really don't think there will be another coin out there that will be able to match the number of features BitBay will have built into the wallet.
Sure Bitcoin has an unknown amount of 3rd party features, but that's because it's king.
But if there was a column on an exchange that tracked features in a coin, BitBay would already be in the top 5, and like I said after he finishes the peg, it will be 2nd to Bitcoin in total features.
And by then I'd think the masses could no longer ignore this fact and begin to contribute to it. As David's goal is to include python programmable smart contracts.
These are not to be compared to ether's smart contracts because David doesn't want to bloat the blockchain with a bunch of smart contracts.
They won't be as fast as ether's because they are obviously python and not C++, but they won't bloat the system.
He found a way to structure and secure these python programs without the need for it to be on the blockchain yet still secured by miners!!
Here's his thoughts on the matter from a previous post:
Quote
By the way, I had an idea for ethereum style blockchain contracts
by combining python with the mining rules, allowing people to make contracts that get pre-approved to run through pythons interpreter. And those contracts can be run from a text file
Instead of having to rebuild the daemon
In theory, you could have the miners check with a centralized address that puts the hashes and torrent link of the new contracts
Its just that python is slower than c++... thats the major drawback
and bitcoin already suffers from speed issues
However, I wanted to do the pegging this way, so I could test it live without constantly rebuilding the daemon and running nodes
his would be similar to how P2P python contracts work
but instead done at the miner level
So people would pay a transaction to a hash, then the miners would see if the hash is part of their approved list of contracts
if it is, they run the python code that was approved, they should hold a text file of it
or if they dont have it, they download it via torrent
Since they are preapproved, we can prevent bloating issues or weird bugs like infinite loops
But as long as the contract doesnt damage the network causing too much work for miners we can approve those
I guess the barrier to entry would be that users dont want to wait for approval
So people would rather play with Eth since there is already the language there to use live
in this case they can test live but only alone or on testnet
by combining python with the mining rules, allowing people to make contracts that get pre-approved to run through pythons interpreter. And those contracts can be run from a text file
Instead of having to rebuild the daemon
In theory, you could have the miners check with a centralized address that puts the hashes and torrent link of the new contracts
Its just that python is slower than c++... thats the major drawback
and bitcoin already suffers from speed issues
However, I wanted to do the pegging this way, so I could test it live without constantly rebuilding the daemon and running nodes
his would be similar to how P2P python contracts work
but instead done at the miner level
So people would pay a transaction to a hash, then the miners would see if the hash is part of their approved list of contracts
if it is, they run the python code that was approved, they should hold a text file of it
or if they dont have it, they download it via torrent
Since they are preapproved, we can prevent bloating issues or weird bugs like infinite loops
But as long as the contract doesnt damage the network causing too much work for miners we can approve those
I guess the barrier to entry would be that users dont want to wait for approval
So people would rather play with Eth since there is already the language there to use live
in this case they can test live but only alone or on testnet
So lots more to come.
If David will be able to communicate their ideas to their logical conclusion, then I think this project has very promising future. And it is one of the most undervalued coins in the history of the cryptocurrency, which creates favorable conditions for the early-stage investment.
Well that's the hardest part. He's already got so much on his plate to finish first.
I think we should gain some coder's interest in the near future as he progresses with the project.
Python smart contracts is one of the last items on the long list of things to complete.
But yeah, I agree. Who ever's been holding the price down will eventually run out.
October 29, 2016, 12:00:02 PM
I believe so too which is why I've been an investor for several months and hope to stay one
I have put in some suggestions for utility earlier as well.
I have put in some suggestions for utility earlier as well.
October 29, 2016, 10:10:29 AM
Am so glad this project is still going and seems to be going from strength to strength.
going to invest in this un found (as of yet) gem
going to invest in this un found (as of yet) gem
Thanks for the kind words.
Yeah David is coding this gem all by himself. I think Halo is somewhere over 60 to 70 thousand lines of coding!
It's frustrating knowing where the price is now with all the features it currently has working.
In all honesty, after the rolling peg is complete and all it's features that spin off from it, I really don't think there will be another coin out there that will be able to match the number of features BitBay will have built into the wallet.
Sure Bitcoin has an unknown amount of 3rd party features, but that's because it's king.
But if there was a column on an exchange that tracked features in a coin, BitBay would already be in the top 5, and like I said after he finishes the peg, it will be 2nd to Bitcoin in total features.
And by then I'd think the masses could no longer ignore this fact and begin to contribute to it. As David's goal is to include python programmable smart contracts.
These are not to be compared to ether's smart contracts because David doesn't want to bloat the blockchain with a bunch of smart contracts.
They won't be as fast as ether's because they are obviously python and not C++, but they won't bloat the system.
He found a way to structure and secure these python programs without the need for it to be on the blockchain yet still secured by miners!!
Here's his thoughts on the matter from a previous post:
Quote
By the way, I had an idea for ethereum style blockchain contracts
by combining python with the mining rules, allowing people to make contracts that get pre-approved to run through pythons interpreter. And those contracts can be run from a text file
Instead of having to rebuild the daemon
In theory, you could have the miners check with a centralized address that puts the hashes and torrent link of the new contracts
Its just that python is slower than c++... thats the major drawback
and bitcoin already suffers from speed issues
However, I wanted to do the pegging this way, so I could test it live without constantly rebuilding the daemon and running nodes
his would be similar to how P2P python contracts work
but instead done at the miner level
So people would pay a transaction to a hash, then the miners would see if the hash is part of their approved list of contracts
if it is, they run the python code that was approved, they should hold a text file of it
or if they dont have it, they download it via torrent
Since they are preapproved, we can prevent bloating issues or weird bugs like infinite loops
But as long as the contract doesnt damage the network causing too much work for miners we can approve those
I guess the barrier to entry would be that users dont want to wait for approval
So people would rather play with Eth since there is already the language there to use live
in this case they can test live but only alone or on testnet
by combining python with the mining rules, allowing people to make contracts that get pre-approved to run through pythons interpreter. And those contracts can be run from a text file
Instead of having to rebuild the daemon
In theory, you could have the miners check with a centralized address that puts the hashes and torrent link of the new contracts
Its just that python is slower than c++... thats the major drawback
and bitcoin already suffers from speed issues
However, I wanted to do the pegging this way, so I could test it live without constantly rebuilding the daemon and running nodes
his would be similar to how P2P python contracts work
but instead done at the miner level
So people would pay a transaction to a hash, then the miners would see if the hash is part of their approved list of contracts
if it is, they run the python code that was approved, they should hold a text file of it
or if they dont have it, they download it via torrent
Since they are preapproved, we can prevent bloating issues or weird bugs like infinite loops
But as long as the contract doesnt damage the network causing too much work for miners we can approve those
I guess the barrier to entry would be that users dont want to wait for approval
So people would rather play with Eth since there is already the language there to use live
in this case they can test live but only alone or on testnet
So lots more to come.
If David will be able to communicate their ideas to their logical conclusion, then I think this project has very promising future. And it is one of the most undervalued coins in the history of the cryptocurrency, which creates favorable conditions for the early-stage investment.
October 28, 2016, 05:30:38 AM
Am so glad this project is still going and seems to be going from strength to strength.
going to invest in this un found (as of yet) gem
going to invest in this un found (as of yet) gem
Thanks for the kind words.
Yeah David is coding this gem all by himself. I think Halo is somewhere over 60 to 70 thousand lines of coding!
It's frustrating knowing where the price is now with all the features it currently has working.
In all honesty, after the rolling peg is complete and all it's features that spin off from it, I really don't think there will be another coin out there that will be able to match the number of features BitBay will have built into the wallet.
Sure Bitcoin has an unknown amount of 3rd party features, but that's because it's king.
But if there was a column on an exchange that tracked features in a coin, BitBay would already be in the top 5, and like I said after he finishes the peg, it will be 2nd to Bitcoin in total features.
And by then I'd think the masses could no longer ignore this fact and begin to contribute to it. As David's goal is to include python programmable smart contracts.
These are not to be compared to ether's smart contracts because David doesn't want to bloat the blockchain with a bunch of smart contracts.
They won't be as fast as ether's because they are obviously python and not C++, but they won't bloat the system.
He found a way to structure and secure these python programs without the need for it to be on the blockchain yet still secured by miners!!
Here's his thoughts on the matter from a previous post:
Quote
By the way, I had an idea for ethereum style blockchain contracts
by combining python with the mining rules, allowing people to make contracts that get pre-approved to run through pythons interpreter. And those contracts can be run from a text file
Instead of having to rebuild the daemon
In theory, you could have the miners check with a centralized address that puts the hashes and torrent link of the new contracts
Its just that python is slower than c++... thats the major drawback
and bitcoin already suffers from speed issues
However, I wanted to do the pegging this way, so I could test it live without constantly rebuilding the daemon and running nodes
his would be similar to how P2P python contracts work
but instead done at the miner level
So people would pay a transaction to a hash, then the miners would see if the hash is part of their approved list of contracts
if it is, they run the python code that was approved, they should hold a text file of it
or if they dont have it, they download it via torrent
Since they are preapproved, we can prevent bloating issues or weird bugs like infinite loops
But as long as the contract doesnt damage the network causing too much work for miners we can approve those
I guess the barrier to entry would be that users dont want to wait for approval
So people would rather play with Eth since there is already the language there to use live
in this case they can test live but only alone or on testnet
by combining python with the mining rules, allowing people to make contracts that get pre-approved to run through pythons interpreter. And those contracts can be run from a text file
Instead of having to rebuild the daemon
In theory, you could have the miners check with a centralized address that puts the hashes and torrent link of the new contracts
Its just that python is slower than c++... thats the major drawback
and bitcoin already suffers from speed issues
However, I wanted to do the pegging this way, so I could test it live without constantly rebuilding the daemon and running nodes
his would be similar to how P2P python contracts work
but instead done at the miner level
So people would pay a transaction to a hash, then the miners would see if the hash is part of their approved list of contracts
if it is, they run the python code that was approved, they should hold a text file of it
or if they dont have it, they download it via torrent
Since they are preapproved, we can prevent bloating issues or weird bugs like infinite loops
But as long as the contract doesnt damage the network causing too much work for miners we can approve those
I guess the barrier to entry would be that users dont want to wait for approval
So people would rather play with Eth since there is already the language there to use live
in this case they can test live but only alone or on testnet
So lots more to come.
October 28, 2016, 04:48:06 AM
Am so glad this project is still going and seems to be going from strength to strength.
going to invest in this un found (as of yet) gem
going to invest in this un found (as of yet) gem
October 27, 2016, 07:41:47 AM
So for the blockchain boost file...
I'd like to finish a tutorial video on it to accompany the next update on the client. I'm guessing it will have a new peer.dat file for better synchronicity.
So I need to ask again, after a noob installs the client and wants to use the blockchain boost file to speed up the sync process...
What would the instructions be?
Will it be as easy as the user unzipping the bootstrap file (being the bitbaydata folder) and replacing the whole folder with the old bitbaydata folder in their existing BitBay directory?
I'd like to finish a tutorial video on it to accompany the next update on the client. I'm guessing it will have a new peer.dat file for better synchronicity.
So I need to ask again, after a noob installs the client and wants to use the blockchain boost file to speed up the sync process...
What would the instructions be?
Will it be as easy as the user unzipping the bootstrap file (being the bitbaydata folder) and replacing the whole folder with the old bitbaydata folder in their existing BitBay directory?
Not sure how frequently have we been updating it? If it's a bootstrap they need to load it in a special way. If it's just exact copy of blockchain files the only need to paste it in the bitbaydata directory
Is it possible to have a copy of the blockchain files held at mega or some filehosting place until we can afford our own dedicated server? or is the file just too huge?
Well there was cryptochainer.com, but the owner is MIA. Such a shame why people put forth an effort to create something for crypto and then just vanish with no explanation.
But yeah I agree, as demand grows for it, I'm sure we'll get something set up to provide the quickest solution.
I've requested these guys add it:
https://bitcointalksearch.org/topic/m.14024451
They offer both Blockchain Snapshot and Bootstrap service.
Nice work
I notice an altcoin bloodbath today as BTC starts to rise. Bay seems to be holding it's own though.
Always glad to help out.
October 27, 2016, 07:32:22 AM
The virus thing I have no idea.
You have a LOT of interesting ideas and applications for this project. Shame we don't have a ton of coders working under david to start on them.
Just as I say bay was one of the only alts in the green someone dumps a few. Lucky dip at 70sats.
Can you imagine upon completion if this project really does gain the attention it deserves. 70 sats dumpers will be bridge jumpers.
Then again with a big BTC bull run all bets are off with alts. Ill be holding tight though to my bays.
You have a LOT of interesting ideas and applications for this project. Shame we don't have a ton of coders working under david to start on them.
Just as I say bay was one of the only alts in the green someone dumps a few. Lucky dip at 70sats.
Can you imagine upon completion if this project really does gain the attention it deserves. 70 sats dumpers will be bridge jumpers.
Then again with a big BTC bull run all bets are off with alts. Ill be holding tight though to my bays.
Yeah the possibilities are nearly endless. Heck just for example...
Let's say we use the same advertising idea for employment!
The employers and employee's reputation status would help employers looking for employees or employees looking for employers. The top rated of each would receive the best offers to choose from.
It would be like a domino effect.
Heck with a little coding we could crosschain the system.
Let's say you are an employer that owns only BitBay.
You only use BitBay's employment market to outsource your workload demand.
Yet for what ever reason, you have no luck finding anybody on BitBay's market for your employment contract. You decide to check out BitHalo and notice that there are quite a lot of people selling their services for the same employment demand you desire.
So to make things simple you'd somehow have the option to include both bitbay and bithalo to advertise your issue! The P2M advertisement could automatically convert Bays for Bitcoins (depending on your request, e.g., a 40% to 60% ratio), to perform the P2M markerting advertisement campaign on to both BitBay and BitHalo client users.
Obviously with it automated, it would make it that much easier to complete the process which would increase usage. It could also work both ways - Bays for Bitcoins or Bitcoins for Bays.
Heck this could be a standard feature built-in that some people might want to use all the time in their advertising and hit both top target groups in each coin's client.
All the while you are maximizing the 'capitalistic' approach to the matter as you are maximizing (to your budgets limits) the # of possible top associated counterparties, therefore creating an auction/bid style contract to receive the highest quality return at the most affordable price.
October 27, 2016, 06:55:21 AM
The virus thing I have no idea.
You have a LOT of interesting ideas and applications for this project. Shame we don't have a ton of coders working under david to start on them.
Just as I say bay was one of the only alts in the green someone dumps a few. Lucky dip at 70sats.
Can you imagine upon completion if this project really does gain the attention it deserves. 70 sats dumpers will be bridge jumpers.
Then again with a big BTC bull run all bets are off with alts. Ill be holding tight though to my bays.
You have a LOT of interesting ideas and applications for this project. Shame we don't have a ton of coders working under david to start on them.
Just as I say bay was one of the only alts in the green someone dumps a few. Lucky dip at 70sats.
Can you imagine upon completion if this project really does gain the attention it deserves. 70 sats dumpers will be bridge jumpers.
Then again with a big BTC bull run all bets are off with alts. Ill be holding tight though to my bays.
October 27, 2016, 06:42:18 AM
I've got a question about the 'storing hidden files to images' feature - not to be confused with storing your private 'keys to image' feature.
The main weakness to this feature in my opinion is the amount of trust it requires, because if you don't trust the counterparty then you obviously can't know for sure if they send you an image with a virus included.
Is there any safe loophole to work around this issue?
Could we use imgur or something like that to help?
October 27, 2016, 06:34:49 AM
Finished 2 more videos.
Have one more to go.
Should have a nice big video library (for tutorials) built into the client on this next update.
Have one more to go.
Should have a nice big video library (for tutorials) built into the client on this next update.
Having seen some of your vids in the past. I can say this is a great advantage to bitbay. These videos are very clear and professional and very helpful indeed.
I'm hoping to have about 12 to 14 in total.
One video in particular I was discussing on slack brought up some interesting insight into the future of BitBay and it's many capabilities.
And that is the subject of advertising though the network via the paytoemail 'P2M' system.
From slack:
Quote
3r197 [5:31 AM]
"Right but I was trying to think of a way to send encrypted email for an example of the tech included to show all the privacy capabilities.
But yeah maybe I should just talk about the options as there are many, i.e., Tox, Bitmessage, Protonmail, etc.
But it brings up another idea I have about the future of P2M as P2M might not be all that bad of a way to let people know about a sellers new shop.
Imagine in the future when the bitbay.market forum has all sorts of categories like antique collectors, computer hardware, etc.
These forum members would be asked if they are willing to receive market updates in the form of p2m. So rather than just the website taking all the 3rd party advertising funding for their benefit - which is the way the system currently works - now you have a way for market shops to send a mass p2m to 'willing participants' (the website would retain a cut for providing the contact list of 'willing participants'), and now these participants would receive a small amount of BitBay for participating in the email advertisement!
There would be different advertising packages to choose from.
For example:
- if a new merchant wants the world to know about his antique collection shop and he is located in Canada. He could request to the website that he advertise only to Canadian residents that are interested in antiques. Again, this is only for people willing to participate and don't have any care about revealing their location especially because they are getting paid to receive the advertisements.
- if a new merchant will sell bubble gum world wide yet is on a limited budget for advertising. He could ask the website that he gets his p2m's to random users who have tagged ('willingly' in their account profile) bubble gum as an items of interest, or random users with highest reputations (somehow an api could track the 'willing' users account reputation system), etc.
- >insert more< :wink:
This is just the beginnning. Can't wait to get this system off the ground.
_____
_____
3r197 [6:23 AM]
Heck yeah, being able to reward the users will be perfect. It will further help enforce honesty and commitment for counterparties to work together to correct any disputes. I really like the idea of having the reputation system included with the advertisement system - the higher your reputation the more you get paid through advertisement as you'd probably be the highest target group. This could help create an offset in any costs associated for merchants or buyers that have disputes and are forced to eat return shipping costs.
As this system can work both ways. It doesn't just have to be merchants creating new shops or promoting bargain deals. It could also be used by potential 'buyers' sending out a request - in the form of a reverse auction - to 'top merchants' for an item they desire. These 'top' merchants would then compete with each other for the sell.
"Right but I was trying to think of a way to send encrypted email for an example of the tech included to show all the privacy capabilities.
But yeah maybe I should just talk about the options as there are many, i.e., Tox, Bitmessage, Protonmail, etc.
But it brings up another idea I have about the future of P2M as P2M might not be all that bad of a way to let people know about a sellers new shop.
Imagine in the future when the bitbay.market forum has all sorts of categories like antique collectors, computer hardware, etc.
These forum members would be asked if they are willing to receive market updates in the form of p2m. So rather than just the website taking all the 3rd party advertising funding for their benefit - which is the way the system currently works - now you have a way for market shops to send a mass p2m to 'willing participants' (the website would retain a cut for providing the contact list of 'willing participants'), and now these participants would receive a small amount of BitBay for participating in the email advertisement!
There would be different advertising packages to choose from.
For example:
- if a new merchant wants the world to know about his antique collection shop and he is located in Canada. He could request to the website that he advertise only to Canadian residents that are interested in antiques. Again, this is only for people willing to participate and don't have any care about revealing their location especially because they are getting paid to receive the advertisements.
- if a new merchant will sell bubble gum world wide yet is on a limited budget for advertising. He could ask the website that he gets his p2m's to random users who have tagged ('willingly' in their account profile) bubble gum as an items of interest, or random users with highest reputations (somehow an api could track the 'willing' users account reputation system), etc.
- >insert more< :wink:
This is just the beginnning. Can't wait to get this system off the ground.
_____
Quote
dzimbeck [6:01 AM]
Yeah I agree, that's why we integrated tipping with email
Yeah I agree, that's why we integrated tipping with email
_____
3r197 [6:23 AM]
Heck yeah, being able to reward the users will be perfect. It will further help enforce honesty and commitment for counterparties to work together to correct any disputes. I really like the idea of having the reputation system included with the advertisement system - the higher your reputation the more you get paid through advertisement as you'd probably be the highest target group. This could help create an offset in any costs associated for merchants or buyers that have disputes and are forced to eat return shipping costs.
As this system can work both ways. It doesn't just have to be merchants creating new shops or promoting bargain deals. It could also be used by potential 'buyers' sending out a request - in the form of a reverse auction - to 'top merchants' for an item they desire. These 'top' merchants would then compete with each other for the sell.
October 27, 2016, 05:55:29 AM
Finished 2 more videos.
Have one more to go.
Should have a nice big video library (for tutorials) built into the client on this next update.
Have one more to go.
Should have a nice big video library (for tutorials) built into the client on this next update.
Having seen some of your vids in the past. I can say this is a great advantage to bitbay. These videos are very clear and professional and very helpful indeed.
October 27, 2016, 05:54:01 AM
So for the blockchain boost file...
I'd like to finish a tutorial video on it to accompany the next update on the client. I'm guessing it will have a new peer.dat file for better synchronicity.
So I need to ask again, after a noob installs the client and wants to use the blockchain boost file to speed up the sync process...
What would the instructions be?
Will it be as easy as the user unzipping the bootstrap file (being the bitbaydata folder) and replacing the whole folder with the old bitbaydata folder in their existing BitBay directory?
I'd like to finish a tutorial video on it to accompany the next update on the client. I'm guessing it will have a new peer.dat file for better synchronicity.
So I need to ask again, after a noob installs the client and wants to use the blockchain boost file to speed up the sync process...
What would the instructions be?
Will it be as easy as the user unzipping the bootstrap file (being the bitbaydata folder) and replacing the whole folder with the old bitbaydata folder in their existing BitBay directory?
Not sure how frequently have we been updating it? If it's a bootstrap they need to load it in a special way. If it's just exact copy of blockchain files the only need to paste it in the bitbaydata directory
Is it possible to have a copy of the blockchain files held at mega or some filehosting place until we can afford our own dedicated server? or is the file just too huge?
Well there was cryptochainer.com, but the owner is MIA. Such a shame why people put forth an effort to create something for crypto and then just vanish with no explanation.
But yeah I agree, as demand grows for it, I'm sure we'll get something set up to provide the quickest solution.
I've requested these guys add it:
https://bitcointalksearch.org/topic/m.14024451
They offer both Blockchain Snapshot and Bootstrap service.
Nice work
I notice an altcoin bloodbath today as BTC starts to rise. Bay seems to be holding it's own though.
October 27, 2016, 05:52:12 AM
Kiklo's Premium Blockchain Snapshot Service
Snapshot & Bootstrap updated 2016-10-26
BitBay Snapshot
BootStrap
Awesome thanks very much for this. Snapshot & Bootstrap updated 2016-10-26
BitBay Snapshot
BootStrap
October 26, 2016, 08:40:34 PM
Kiklo's Premium Blockchain Snapshot Service
Snapshot & Bootstrap updated 2016-10-26
BitBay Snapshot
BootStrap
Snapshot & Bootstrap updated 2016-10-26
BitBay Snapshot
BootStrap
October 26, 2016, 09:25:41 AM
I've requested these guys add it:
https://bitcointalksearch.org/topic/m.14024451
They offer both Blockchain Snapshot and Bootstrap service.
https://bitcointalksearch.org/topic/m.14024451
They offer both Blockchain Snapshot and Bootstrap service.
Would you be willing to add BitBay (BAY) to the list?
Sure,
Just started Syncing from Scratch, will post Snapshot & Bootstrap links in a few day.
Later,
Kiklo
Thanks!
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