Why did my post get just removed.
Anyways im sure that double deposit wont work on mass scale you need an arbiter
Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 282. (Read 542094 times)
January 11, 2016, 11:43:18 AM
January 11, 2016, 11:17:58 AM
Question about the trust system on the BAY market (I'm noob)
1. Suppose I sell my iphone on BAY market. this means I also have to send xxx BAY to the "escrow account".
2. I have received the BAY's I asked for my iphone, so I send the device to the buyer.
3. Guess, at this moment, my BAY in escrow are still in escrow, right?
4. Buyer says that he never received the iphone
5. Buyer gets my BAY that were locked in an escrow account.
Could this be a possible scenario?
1. Suppose I sell my iphone on BAY market. this means I also have to send xxx BAY to the "escrow account".
2. I have received the BAY's I asked for my iphone, so I send the device to the buyer.
3. Guess, at this moment, my BAY in escrow are still in escrow, right?
4. Buyer says that he never received the iphone
5. Buyer gets my BAY that were locked in an escrow account.
Could this be a possible scenario?
Not at all
The double deposit is there to make sure both will lose if dishonest.
It can not be sent to anywhere except to the wallet it was deposited from.
Besides, why would buyer say he never received the phone? You are not likely to release the deposit if the deal isn't done satisfactory, are you?
Edit: @tolikk Who are "we"? Not the BitBay team, thats for sure, because we know that scenario is not possible
January 11, 2016, 11:09:06 AM
Question about the trust system on the BAY market (I'm noob)
1. Suppose I sell my iphone on BAY market. this means I also have to send xxx BAY to the "escrow account".
2. I have received the BAY's I asked for my iphone, so I send the device to the buyer.
3. Guess, at this moment, my BAY in escrow are still in escrow, right?
4. Buyer says that he never received the iphone
5. Buyer gets my BAY that were locked in an escrow account.
Could this be a possible scenario?
we are confident that this option in some cases can not be avoided, and options are not many, but there is a chance that when you track the entire chain and mail shipment and insurance of the goods and the payment and cancellation of the judicial and commercial claims and return of goods and who found the evidence of receiving by shooting on the camera and so on 1. Suppose I sell my iphone on BAY market. this means I also have to send xxx BAY to the "escrow account".
2. I have received the BAY's I asked for my iphone, so I send the device to the buyer.
3. Guess, at this moment, my BAY in escrow are still in escrow, right?
4. Buyer says that he never received the iphone
5. Buyer gets my BAY that were locked in an escrow account.
Could this be a possible scenario?
January 11, 2016, 10:59:29 AM
Dead coin is dead.
January 11, 2016, 10:30:57 AM
Question about the trust system on the BAY market (I'm noob)
1. Suppose I sell my iphone on BAY market. this means I also have to send xxx BAY to the "escrow account".
2. I have received the BAY's I asked for my iphone, so I send the device to the buyer.
3. Guess, at this moment, my BAY in escrow are still in escrow, right?
4. Buyer says that he never received the iphone
5. Buyer gets my BAY that were locked in an escrow account.
Could this be a possible scenario?
1. Suppose I sell my iphone on BAY market. this means I also have to send xxx BAY to the "escrow account".
2. I have received the BAY's I asked for my iphone, so I send the device to the buyer.
3. Guess, at this moment, my BAY in escrow are still in escrow, right?
4. Buyer says that he never received the iphone
5. Buyer gets my BAY that were locked in an escrow account.
Could this be a possible scenario?
January 11, 2016, 08:32:24 AM
I downloaded Bitbay client but I see 0 offers on the market. Does this mean that Bitbay is not in active usage?
Is your wallet up to date? My guess is, is the wallet needs some more syncing to do to load up all offers in the market.
I am not sure what is on the market right now but I can say that it does work and I had several items for sale on there a couple of months back. I actually sold what I believe is the first publicly sold item on the Bitbay market.
I am awaiting the next release (which hopefully will be soon) so I can relist my items.
Thanks
RQDxRocket
We should make a note of that. What was it you sold? GPU?
No its was the "Goodyear Tire Pressure Gauge" David is the one that bought it, it has been quite a while ago cant remember when, maybe David can give the timeframe on when I sold it to him.
Thanks
Do you still have the picture you used when posting it?
I would like to have it for our archive
January 11, 2016, 05:30:13 AM
I downloaded Bitbay client but I see 0 offers on the market. Does this mean that Bitbay is not in active usage?
Is your wallet up to date? My guess is, is the wallet needs some more syncing to do to load up all offers in the market.
I am not sure what is on the market right now but I can say that it does work and I had several items for sale on there a couple of months back. I actually sold what I believe is the first publicly sold item on the Bitbay market.
I am awaiting the next release (which hopefully will be soon) so I can relist my items.
Thanks
RQDxRocket
We should make a note of that. What was it you sold? GPU?
No its was the "Goodyear Tire Pressure Gauge" David is the one that bought it, it has been quite a while ago cant remember when, maybe David can give the timeframe on when I sold it to him.
Thanks
January 11, 2016, 02:05:47 AM
I downloaded Bitbay client but I see 0 offers on the market. Does this mean that Bitbay is not in active usage?
Is your wallet up to date? My guess is, is the wallet needs some more syncing to do to load up all offers in the market.
I am not sure what is on the market right now but I can say that it does work and I had several items for sale on there a couple of months back. I actually sold what I believe is the first publicly sold item on the Bitbay market.
I am awaiting the next release (which hopefully will be soon) so I can relist my items.
Thanks
RQDxRocket
We should make a note of that. What was it you sold? GPU?
January 10, 2016, 07:18:14 PM
I downloaded Bitbay client but I see 0 offers on the market. Does this mean that Bitbay is not in active usage?
Is your wallet up to date? My guess is, is the wallet needs some more syncing to do to load up all offers in the market.
I am not sure what is on the market right now but I can say that it does work and I had several items for sale on there a couple of months back. I actually sold what I believe is the first publicly sold item on the Bitbay market.
I am awaiting the next release (which hopefully will be soon) so I can relist my items.
Thanks
RQDxRocket
January 10, 2016, 06:59:14 PM
I downloaded Bitbay client but I see 0 offers on the market. Does this mean that Bitbay is not in active usage?
Is your wallet up to date? My guess is, is the wallet needs some more syncing to do to load up all offers in the market.
January 10, 2016, 04:58:05 PM
I downloaded Bitbay client but I see 0 offers on the market. Does this mean that Bitbay is not in active usage?
January 10, 2016, 07:49:42 AM
Decentralized markets are definitely a hot topic right now.
Is Open Bazaar considered the main competitor for Bitbay?
https://www.reddit.com/r/Bitcoin/comments/3zv6sc/sneak_peek_at_bitcoins_upcoming_killer_app_open/
Is Open Bazaar considered the main competitor for Bitbay?
https://www.reddit.com/r/Bitcoin/comments/3zv6sc/sneak_peek_at_bitcoins_upcoming_killer_app_open/
lets beat Open Bazaar!!! they are strong but bitbay can be a serious competitor to them.
January 08, 2016, 03:33:39 PM
2016 is going to be Bitbays year! All hail Mr Zimbeck!
January 08, 2016, 03:25:33 PM
This is my wallet:
addnode=104.236.208.150
addnode=188.166.39.223
addnode=128.199.118.67
addnode=104.255.33.162
addnode=194.135.84.161
addnode=23.227.190.163
It's still not syncing. How is that possible? Am i the only one who has problems?
addnode=104.236.208.150
addnode=188.166.39.223
addnode=128.199.118.67
addnode=104.255.33.162
addnode=194.135.84.161
addnode=23.227.190.163
It's still not syncing. How is that possible? Am i the only one who has problems?
i had the same problem you have to create a bitbay.conf file make sure the extension is .conf by viewing all extensions it might be txt which is not what you want, change txt to conf.
January 08, 2016, 09:34:18 AM
@3r197 Good points.
Thanks for the feedback.
Makes me even more excited for Bitbay.
January 08, 2016, 08:55:54 AM
Decentralized markets are definitely a hot topic right now.
Is Open Bazaar considered the main competitor for Bitbay?
https://www.reddit.com/r/Bitcoin/comments/3zv6sc/sneak_peek_at_bitcoins_upcoming_killer_app_open/
Is Open Bazaar considered the main competitor for Bitbay?
https://www.reddit.com/r/Bitcoin/comments/3zv6sc/sneak_peek_at_bitcoins_upcoming_killer_app_open/
3rd party moderated escrow is not decentralized.
And bitcoin's volatility will create a nuisance upon the marketplace.
January 07, 2016, 09:58:08 AM
Decentralized markets are definitely a hot topic right now.
Is Open Bazaar considered the main competitor for Bitbay?
https://www.reddit.com/r/Bitcoin/comments/3zv6sc/sneak_peek_at_bitcoins_upcoming_killer_app_open/
Is Open Bazaar considered the main competitor for Bitbay?
https://www.reddit.com/r/Bitcoin/comments/3zv6sc/sneak_peek_at_bitcoins_upcoming_killer_app_open/
January 05, 2016, 10:42:20 PM
Eventually i can share with you guys a whitepaper on the pegging/freezing system. Its really awesome stuff. It just takes time. So for anyone who is wondering whats going on, just be patient. More updates are on the way.
It's good to see you more active here. Remember most investors are here, not on slack. Since. well let's face it's more convenient.
Being an investors i am a little bit worried about the wallet. When will there be a release of a stable wallet and with which features?
Both the client and the QT wallet are stable. The upcoming release has a few bug fixes and the market templates. It's mostly done, but we want to release a linux and mac version alongside the windows version, so that delays it a little. No eta, but should be soon.
January 05, 2016, 07:36:05 PM
Eventually i can share with you guys a whitepaper on the pegging/freezing system. Its really awesome stuff. It just takes time. So for anyone who is wondering whats going on, just be patient. More updates are on the way.
It's good to see you more active here. Remember most investors are here, not on slack. Since. well let's face it's more convenient.
Being an investors i am a little bit worried about the wallet. When will there be a release of a stable wallet and with which features?
January 05, 2016, 03:24:54 PM
I used to have some BAY and right now seems like a good time to get back in. Can anyone tell me if the POS works on the market app also or do i need to download the QT wallet to get coins from staking. I was looking for the answer but i could not really find an answer so any help would be greatly appreciated.
Yea you still need the QT wallet for staking.
Damn that's a shame. I think there was discussion about the same issue long ago and the idea was there to implement it. It would make sense to have one application and im pretty sure that adding staking to it shouldn't be too hard.
Looks like i need to get the QT for now then. Hope it gets implemented to the other app also.
It's the next thing on Davids list after templates.
Jump to: