Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 277. (Read 542094 times)

It would be great to get this listed on btc38 -  i wonder how we could go about this?

why you following this forum then?

I use it for making paper wallets.

What exactly are you talking about? 

Well, dumpprivkey is useful for spending from an old wallet.

Anyways, the MAC client is currently disabled until I have them updated. Ive been coding updates to the MAC and Linux client to make them more compatible with more versions.

I remember those from the seventees.

Ok - sorted. I think listaddressgroupings only lists stuff with balances.

dumpprivkey worked for the empty addresses which is what I wanted anyway. Blockchain 75% downloaded after about 9 hours.

I can't get into my account on BTER cos they've got this new 2nd login page which looks like it's supposed to send you a kind of 2FA code by email, but I don't receive any email when I login (from the main page) so I don't have a code to enter.

I haven't logged in since they added that.

Anybody know how exactly that's supposed to work ?

******* EDIT [1] *********

Please ignore.

Tried again today and it works. I was thinking about moving my Bitbay to a cold wallet since it's been on BTER since the IPO (and all thorough the BTER hack etc). Is QT for Mac ok for this purpose ?

******* EDIT [2] *********

Hey - nice installer ! Things starting to look professional. Is there any advance on the market client for Mac since a year ago (the one that always crashed) ?

******* EDIT [3] *********

Nice client as well !

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listaddressgroupings doesn't seem to list anything in my console. Is that because I'm not sync'd ? Is there a boot download of the blockchain anywhere ?

Thanks !

(P.S. the download link for marketclient Mac in the OP seems broken).

Thanks, there is only the qt and markets client but yeah would be nice to have a pi tutorial. Ive never used one, but i think they would be useful for cold staking also.

Havent been around. I think what you are doing is amazing I am still holding onto my bay is there a raspbian client for bay I have a pi laying around if someone can help me I can boot it up with bay wallet on it.... but its the older pi the 800mhz one.

great to see the technical discussion and bitbay is moving forward!  thanks dzimbeck for your effort!

Yeah you are correct, if he is a buying a lot or selling alot. But look at it this way. If you sell 10 items per day then you are probably making very good money, If each item nets you 100 dollars, and turn around time for your deposits is daily, you only need 100-1000 dollars tied up at once. Which is okay. If you make 1000 per week, its reasonable to think you had 1000 to insure your business.

Think of it like free business insurance.

I should mention, you should read Halos documentation. The part about the "change management" system. Its breaks up the outputs to denominations for buyers and vendors who want to do large volumes.

So it breaks it up 1 5 10 50 100 500 1000 etc...
This allows you to do many contracts at once with multiple denominations.


So actually I think the custom deposits is more of a concern with low volume sellers, not high volume. Because someone new to the markets will have to take a guarantor contract in order to buy their "first coins". Or if they are not making a lot of money either, they are more poor, coming up with a deposit might be a little bit harder.

The same is true for pegging. Because a person who is always tight on funds will have subpremium liquidity(set to freeze faster) since they will spend any funds that were frozen almost immediately.

If he is buying tons of things from Chinese sellers will he need to tie up collateral based on the DDE requirements (create demand for BAY) because of this? This is assuming listing requires DDE or is that optional if the buyer wants to pay with DDE and thus cover himself in the event of a bad vendor, or doesn't want to pay if he feels he is sufficiently covered by reputation?

dde doesnt require effort though, when you use the templates all of the game theory is handled by the client based on the type of business you are doing. Most people have enough to cover deposits for their volume

Please, read the last two pages. That's exactly the topic. Thank you, and welcome

Hello!
Excuse me if this was mentioned before, but what if make DDE optional?
The point is if I myself want to buy small cheap thing I don't care much about loosing my 2 dollars and I'll be satisfied seeing seller's good reputation. And some people in some countries buy a lot of such cheap things at once from different chinese sellers, so using dde will take unneeded efforts (just annoying duty) and money.

Well you are right on that part because i am pretty sure that other devs will take note of what has been done on the system and how it is implemented. I am exited that we get to see the technical details soon, so we have something to look forward to. I have been buying on the dips, but it seems that there are quite a few people buying it right now. Pretty hard to even see any dips in the price. At this pace we will be back at 70+ some time soon.

Well, thats a good idea. However, the full details can get really technical for someone who is still new to crypto or new to finance. Imagine it this way: The entire supply is freezing and unfreezing 1-2% a day (this can't be linear though, it has to be linear but slightly parabolic to present large amounts of funds being locked at once). Chunks of the total supply can be sent from person to person relative to how they were broken down in the first place. And so, there are pieces of the total which are premium and subpremium liquidity (a diagram would really help to explain this one). Some liquidity would deflate/freeze faster than others. Some frozen assets would be more valuable than others. Very similar to a trustless futures market.

The entire system is fractional. If you have 100,000 coins frozen to be released over 50 points, and want to send 3/50ths of it, then you get the next group divisible in 47ths.

Everything is under the hood, so you will probably not realize this is all happening in the client (other than knowing what is frozen and what is liquid)

I'm not sure publishing a white paper early is a good idea since it only fuels competition. However for those that really want a technical breakdown, you will get one pretty soon.

this is great, i would really need one to better understand some concepts

i would donate BTC for this video!

It is not a bad idea, i would also recommend keeping the video as simple as possible. This way even people who dont really understand how cryptos, markets work and they could still get in and understand how this can benefit them. As the_wolf mentioned it is not something that is needed immediately but it would benefit BAY a lot in the future for sure.
P.S Its really hard to get stakes maybe i just have too few BAY to really get any rewards lol.