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Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 26. (Read 542196 times)

newbie
Activity: 30
Merit: 0
Is the donation set on default on the market place and old style wallet?
I will leave donate on default setting in my old style wallet but my partner use the market and his is not donating on default
What % of users are donating ?
Better if we should make mandatory a small % from every member.
What target is the immediate holding price in cents? 20 cents? Do I need to change anything to support that level or this is default.

If you are selling your own personal coins you do not require a license
Therefore each member couls set up their own automated bay / any other coin on chainz right?
Market place can have a seperate waller address so it can not drain main wallet
Put asking price of other coins per bay and list your wallet addresses for coins you will accept. They send bitcoin to yours with coin / address in message box, market place monitor chainz and auto send Bay to theirs?

Is that possible? Every memeber can be monitored for selling price and market place can produce entire table like exchange? But just a list of people trading their own coins on their own market place.

maybe it could not work? Just one possible plan. Depended on a single block explorer may not be perfect?

I have not tested 10% of the market place so it could exist such a feature.

The marketplace has cash for coins contracts. It's totally peer to peer.

This is a very good feature.

Do you mean something like this already exists? Everyone can make there own auto exchange? For any crypto with a block explorer
One simple example

Alice will sell parcel of 50k bitbay for 0.5 btc
Alice lock 50k bitbay supply bitcoin address in contract
Bob take contract supply his bitbay address has time period to send his bitcoin's
Bitbay market verify with block explorer wait 2 confirms and auto send bitbay from Alice to bob?

Is this not possible?
Can be done for any coins with block explorer?

People can sell their own personal coins to individuals with no license right
Just like its own exchange?
Market place can monitor package prices of all sellers and have table with links to each persons own market place?

Buyer protected because bitbay wallet locks Bay once bob agrees contract and Alice coins are unlocked if bob not send in time.

The market place can rely on some block explorers so once agree on contract marker place does rhe work.

Only a suggestion.

legendary
Activity: 2412
Merit: 1044
Is the donation set on default on the market place and old style wallet?
I will leave donate on default setting in my old style wallet but my partner use the market and his is not donating on default
What % of users are donating ?
Better if we should make mandatory a small % from every member.
What target is the immediate holding price in cents? 20 cents? Do I need to change anything to support that level or this is default.

If you are selling your own personal coins you do not require a license
Therefore each member couls set up their own automated bay / any other coin on chainz right?
Market place can have a seperate waller address so it can not drain main wallet
Put asking price of other coins per bay and list your wallet addresses for coins you will accept. They send bitcoin to yours with coin / address in message box, market place monitor chainz and auto send Bay to theirs?

Is that possible? Every memeber can be monitored for selling price and market place can produce entire table like exchange? But just a list of people trading their own coins on their own market place.

maybe it could not work? Just one possible plan. Depended on a single block explorer may not be perfect?

I have not tested 10% of the market place so it could exist such a feature.

The marketplace has cash for coins contracts. It's totally peer to peer.
jr. member
Activity: 90
Merit: 3
Dynamic Peg  Smiley FAQ OF THE DAY  Smiley
Why are my BAY deposits and withdrawals taking longer than normal with the exchange?

Find the answer here:
https://forum.bitbay.market/t/why-are-my-deposits-and-withdrawals-taking-so-long-on-the-exchange/2250

Watch the Dynamic Peg trade LIVE NOW AT https://exchange.latoken.com/exchange/BAY-BTC!!! 🔥🔥🍾🍾🍾🥳🥳
newbie
Activity: 30
Merit: 0
I am confused, the wallet is showing a value of 1.75$ per Bay and on Latoken it makes no sense, what is the value of 1 bay at this time?

This is the trading price. That price actually makes more sense than a few cents when you measure bitbay against other projects.
Could settle anywhere between 10 cents and 1 dollar short term but long term with even low adoption it will be more.
Once you start to notice how DD and the peg work together the design is pure brilliance
Bay has most of the functional use of eth but a far more efficient and elegant design. Eth is a monster but that power comes with serious issues.  

If people actually understood what they have here and the learning curve was a little less steep it could blow up to a huge dollar value just to free up enough Bay to operate the market place with the DD doing its job.

I hope Bay can open up the webmarketplace and some large sellers start placing huge inventories on there.
I hope Bay is going to handle a steep adoption if it takes place also.
Good to get a few exchanges and an in wallet solution to fall back on.
So much can be built on this i just hope the code is locked down tight.

When does coinmarketcap refresh? Should be picking this up soon.

jr. member
Activity: 48
Merit: 1
trading just opened on latoken. it will probably fluctuate a lot in the next few days during the price discovery process...
sr. member
Activity: 470
Merit: 251
Bitbay is the Future!!!
I am confused, the wallet is showing a value of 1.75$ per Bay and on Latoken it makes no sense, what is the value of 1 bay at this time?
jr. member
Activity: 90
Merit: 3
Dynamic Peg Shocked FAQ OF THE DAY Shocked :
How does the Dynamic Peg handle “black swan events” such as an extreme decline in demand, market shock, etc.?

Find the answer here:
https://forum.bitbay.market/t/how-does-the-dynamic-peg-handle-black-swan-events-such-as-an-extreme-decline-in-demand-market-shock-etc/2187
@Tradersnow - Thank You for the FAQ's of The Day! They are very, very educational. Thanks!!!

Sure thing Doc! Tomorrow's the big day!  Grin
jr. member
Activity: 90
Merit: 3
Dynamic Peg Cool FAQ OF THE DAY Cool :
Why do Reserve and voluntarily frozen coins have value? Are there any benefits to holding them?


Find the answer here:
https://forum.bitbay.market/t/why-do-reserve-and-voluntarily-frozen-coins-have-value-are-there-any-benefits-to-holding-them/2186

Watch the Dynamic Peg launch tomorrow on https://latoken.comSmiley
jr. member
Activity: 193
Merit: 3
Dynamic Peg Shocked FAQ OF THE DAY Shocked :
How does the Dynamic Peg handle “black swan events” such as an extreme decline in demand, market shock, etc.?

Find the answer here:
https://forum.bitbay.market/t/how-does-the-dynamic-peg-handle-black-swan-events-such-as-an-extreme-decline-in-demand-market-shock-etc/2187
@Tradersnow - Thank You for the FAQ's of The Day! They are very, very educational. Thanks!!!
jr. member
Activity: 90
Merit: 3
Dynamic Peg Shocked FAQ OF THE DAY Shocked :
How does the Dynamic Peg handle “black swan events” such as an extreme decline in demand, market shock, etc.?

Find the answer here:
https://forum.bitbay.market/t/how-does-the-dynamic-peg-handle-black-swan-events-such-as-an-extreme-decline-in-demand-market-shock-etc/2187
newbie
Activity: 30
Merit: 0
Is the donation set on default on the market place and old style wallet?
I will leave donate on default setting in my old style wallet but my partner use the market and his is not donating on default
What % of users are donating ?
Better if we should make mandatory a small % from every member.
What target is the immediate holding price in cents? 20 cents? Do I need to change anything to support that level or this is default.

If you are selling your own personal coins you do not require a license
Therefore each member couls set up their own automated bay / any other coin on chainz right?
Market place can have a seperate waller address so it can not drain main wallet
Put asking price of other coins per bay and list your wallet addresses for coins you will accept. They send bitcoin to yours with coin / address in message box, market place monitor chainz and auto send Bay to theirs?

Is that possible? Every memeber can be monitored for selling price and market place can produce entire table like exchange? But just a list of people trading their own coins on their own market place.

maybe it could not work? Just one possible plan. Depended on a single block explorer may not be perfect?

I have not tested 10% of the market place so it could exist such a feature.
jr. member
Activity: 90
Merit: 3
Cool Dynamic Peg: FAQ OF THE DAY Cool:
How much can the liquid supply and price of BAY fluctuate in one day?

Read the answer here:
https://forum.bitbay.market/t/how-much-can-the-liquid-supply-and-price-of-bay-fluctuate-in-one-day/2196

legendary
Activity: 2412
Merit: 1044
jr. member
Activity: 90
Merit: 3
Dynamic Peg FAQ OF THE DAY: How can investors benefit from BitBay’s Dynamic Peg?

Find the answer here:
https://forum.bitbay.market/t/how-can-investors-benefit-from-bitbay-s-dynamic-peg/2182
newbie
Activity: 7
Merit: 0
Hey, i want to use the qt wallet, i have 2 private keys...from the multi sign webwallet. How can use the keys? I cant connect... Sad


The web wallet is on a different fork, so simply sending coins from there to the QT Wallet will not work.


Here is a guide on how to import your web wallet private key into the latest version of the QT Wallet:
https://forum.bitbay.market/t/how-to-import-your-bitbay-web-wallet-private-key-into-the-bitbay-qt-wallet/2227
i know, i have 2 private keys en is not working for me  Huh

The QT uses only one key. The markets client uses two. However the web wallet uses compressed key format and markets wallet uses uncompressed. So until the web wallet is fixed I think there is no other way to use the two keys. We might add compatibility to markets wallet if time allows. However we update the web wallet anyways.
i have the multi sign webwallet, this is wy i have 2 keys,  Sad

Yeah I realize that, we are working on updating the web wallet. If you are really in need to spend it before hand let me know and I can assist you. Meanwhile just wait a little bit for us to update the web wallet as we are working on it.
how long for the webwallet update ready?

I don't know but it could be up to a month or two. It might be sooner but I don't want to give any expectations. Just be a little patient and check back with us. We have been busy. I just started going over it today actually.
now my coins stuck for 2 months?  Cry
legendary
Activity: 2412
Merit: 1044
Hey, i want to use the qt wallet, i have 2 private keys...from the multi sign webwallet. How can use the keys? I cant connect... Sad


The web wallet is on a different fork, so simply sending coins from there to the QT Wallet will not work.


Here is a guide on how to import your web wallet private key into the latest version of the QT Wallet:
https://forum.bitbay.market/t/how-to-import-your-bitbay-web-wallet-private-key-into-the-bitbay-qt-wallet/2227
i know, i have 2 private keys en is not working for me  Huh

The QT uses only one key. The markets client uses two. However the web wallet uses compressed key format and markets wallet uses uncompressed. So until the web wallet is fixed I think there is no other way to use the two keys. We might add compatibility to markets wallet if time allows. However we update the web wallet anyways.
i have the multi sign webwallet, this is wy i have 2 keys,  Sad

Yeah I realize that, we are working on updating the web wallet. If you are really in need to spend it before hand let me know and I can assist you. Meanwhile just wait a little bit for us to update the web wallet as we are working on it.
how long for the webwallet update ready?

I don't know but it could be up to a month or two. It might be sooner but I don't want to give any expectations. Just be a little patient and check back with us. We have been busy. I just started going over it today actually.
newbie
Activity: 7
Merit: 0
Hey, i want to use the qt wallet, i have 2 private keys...from the multi sign webwallet. How can use the keys? I cant connect... Sad


The web wallet is on a different fork, so simply sending coins from there to the QT Wallet will not work.


Here is a guide on how to import your web wallet private key into the latest version of the QT Wallet:
https://forum.bitbay.market/t/how-to-import-your-bitbay-web-wallet-private-key-into-the-bitbay-qt-wallet/2227
i know, i have 2 private keys en is not working for me  Huh

The QT uses only one key. The markets client uses two. However the web wallet uses compressed key format and markets wallet uses uncompressed. So until the web wallet is fixed I think there is no other way to use the two keys. We might add compatibility to markets wallet if time allows. However we update the web wallet anyways.
i have the multi sign webwallet, this is wy i have 2 keys,  Sad

Yeah I realize that, we are working on updating the web wallet. If you are really in need to spend it before hand let me know and I can assist you. Meanwhile just wait a little bit for us to update the web wallet as we are working on it.
how long for the webwallet update ready?
legendary
Activity: 2412
Merit: 1044
Hey, i want to use the qt wallet, i have 2 private keys...from the multi sign webwallet. How can use the keys? I cant connect... Sad


The web wallet is on a different fork, so simply sending coins from there to the QT Wallet will not work.


Here is a guide on how to import your web wallet private key into the latest version of the QT Wallet:
https://forum.bitbay.market/t/how-to-import-your-bitbay-web-wallet-private-key-into-the-bitbay-qt-wallet/2227
i know, i have 2 private keys en is not working for me  Huh

The QT uses only one key. The markets client uses two. However the web wallet uses compressed key format and markets wallet uses uncompressed. So until the web wallet is fixed I think there is no other way to use the two keys. We might add compatibility to markets wallet if time allows. However we update the web wallet anyways.
i have the multi sign webwallet, this is wy i have 2 keys,  Sad

Yeah I realize that, we are working on updating the web wallet. If you are really in need to spend it before hand let me know and I can assist you. Meanwhile just wait a little bit for us to update the web wallet as we are working on it.
newbie
Activity: 7
Merit: 0
Hey, i want to use the qt wallet, i have 2 private keys...from the multi sign webwallet. How can use the keys? I cant connect... Sad


The web wallet is on a different fork, so simply sending coins from there to the QT Wallet will not work.


Here is a guide on how to import your web wallet private key into the latest version of the QT Wallet:
https://forum.bitbay.market/t/how-to-import-your-bitbay-web-wallet-private-key-into-the-bitbay-qt-wallet/2227
i know, i have 2 private keys en is not working for me  Huh

The QT uses only one key. The markets client uses two. However the web wallet uses compressed key format and markets wallet uses uncompressed. So until the web wallet is fixed I think there is no other way to use the two keys. We might add compatibility to markets wallet if time allows. However we update the web wallet anyways.
i have the multi sign webwallet, this is wy i have 2 keys,  Sad
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