Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 242. (Read 542115 times)

I was moving, had to fly to Mexico City for a week to take care of some personal stuff, had to organize the new house and have been selling my trailer and stuff. There was a bunch of other things too. In order to keep my freedom and avoid 9-5 had to come up with a strategy to lower my expenses so I lost a month or so. I did some coding but it wasn't enough. I did code a really cool anti-keylogger password thing. It's badass. Say bye bye to screen recorder and loggers. Plus I fixed allof the bugs and sync problems so the software is really robust. I started hosting the nodes myself since I noticed the old ones were down.

Anyways I'm on the contract now lol my friend is managing me. I'm also doing one for him we have a list of habits to break... no eating out, hitting the gym daily etc. Stuff we are forced to do or lose our deposits. Most importantly many hours of coding daily.

I have to sign off on it daily applying for daily time extensions and report back how many lines of code I contributed and what the code was.

He's working on a different project related to construction. It's a spreadsheet with a cost breakdown of all the alternative building heating cooling methods for low cost decentralized housing. Such as 3d printed housing, Aircrete(Google it, it's amazing), Silo Homes, Earthbags and about 20 other awesome types of construction. Actually anyone who is interested in that can PM me especially if you have feedback on new techniques or want to see the sheet.

Anyways so I might force myself to report here every few days but for now I'm keeping the requirements realistic.

Sounds like he never left, just took a few days off. Well deserved I should think.

Reminds me of the old phrase "Physician heal thyself" Now thats putting your money where your mouth is! 

David's Back!!!! This is great news

By the way crazy news that is of direct interest to investors. I've been busy with life past few weeks so to force me to more productive, I've put myself on double deposit contract with a friend. If I fail to code daily I will lose my deposit a few hundred dollars. Another use case for Halo... ideas in action. So I'm now forced to meet productivity deadlines. If I start to fall behind I will enter in to a few more of these so there are extra peers to confirm I'm working (most likely with someone I trust to manage me). It's a good way to crush procrastination I recommend it to any of you if you guys have unmet new years resolutions lol.

Good point. Can't tell if it's for real or fake so someone can accumulate more.

I've never seen so much Bay being offered. I've read this thread and people complained about bag holders and not enough coins being offered to newcomers. Here is the chance we been all waiting for!!

People forget Bitbay was worth a lot less than its worth now. Profiteers bought at much lower prices and maybe want to sell now they have seen a 200% return!?

PS- it's not me! I'm here to stay. I know a good thing when I see it

Also before pumps whales put up walls whist they buy then remove it once they are ready for the show! This could also be a reason?

The pegging has been discussed a little on the last few pages. I suggest you read up, and then I'll be happy to answer any questions.

How much bay is everyone holding?

Hello! How does the pegging system work. Will it allow for liquidity? I am intrigued by the potential $1 per coin, but just concerned if there is volume to sustain it. Seems like it's a great time to buy Bay now....someone is dumping their share! I said I would buy at 200 sat, but this is even better.

Why do people not post under their main accounts?

Give it rest would you? David isn't selling...

is an insider selling? 6 million bay at 150 sats...david u sellin?

The example of a Picasso forgery is not a good one.

1. the copy will never be an EXACT copy.
2. the copyist has to employ and huge amount of effort into making a replica and although does not need the conceptual ability does need a similar technical skill with brush and canvas.

this example is not anything like some half assed dev who would NEVER be able to design and code out something like bit bay hitting copy and paste and making a full copy of years of hard work well above his ability with virtually no effort on his part.


Drawing any parallels with bitcoin is obviously not wise in crypt at this stage. Bitcoin was the first and had a huge head start. Do you really believe if bitcoin was released a day or two before 1000 clones it would be where it is now??

If the code can be validated without being open sourced completely then that is the way to go.

I like that Picasso example, there are some Bitcoin like tokens with almost the same code but people will always see them has inferior to Bitcoin like wise any project. Open source is good to validate the claim of the developers

Go and buy on Bittrex then, you can easily buy 10 btc worth if you are willing to pay 200 sats

Honestly thank you for the support. It would have been hard to code without it. This is a great community. United by a lot of strong ideologies. Thanks to crypto, I've made some great friendships. It's not just crypto that is the common link, it's a lot of the progressive ideas that are similar to it.

Anyways with a little bit more patience, the next update will have the exotic spending features followed with another template. And we will be primed to finish the rest.

buy now or regret later :-))

When people become aware of bitbay it will be a rocket! David we thank you

You missed the point. It's not just about stability or competition with other countries. It's also about "importing" inflation or deflation through trade Participating in a race to the bottom is not the best solution for every country in every situation. Sometimes the opposite is a better solution. It all depends on who you are mainly trading with, your trade surplus or deficit, the default currency for the goods you trade etc.
Controlling M1 or rather M3 is exactly what is working for countries. Bay is less complicated than countries, so we are controlling M0. And we don't generate growth in the macro economic meaning of the term. We just provide a safe and relatively stable currency that has some unique features that can solve problems that haven't been solved yet. The ability to create velocity of money is not defined by how we do our peg. If the peg works it will contribute to create velocity of money. Or are you talking about transactions velocity of money?