Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 286. (Read 542441 times)

I just threw up some buy coin contracts in the marketplace.

I'm willing to buy DASH and NXT for Bays.
And LTC for USD.

Seller reaps a 2% service charge (commission) - not the middleman exchanges!

Thanks munti, yes awareness is clearly important.

As far as devs, I'm not sure anyone would be able to work on Halo core without costing me more time training them. I've tried to hire on that at least 10 times and always failed at it, wasting more time than it was worth. If we had VC funding then that would probably not be as big of an issue. However, I COULD use a dev to help me build cross platform builds for linux and mac. In fact, I've put a request on r/blackcoin for the same thing. They would not need to code anything in the core, just work on compatibility issues with multiple different linux and mac platforms which is a real headache to do alone.

Otherwise, judging from the progress on this code we could be more than half way there. Earlier in the year I was trying to rush myself but then I realized I had to focus on performance and bugs as well. So a lot of user friendly updates were made (like languages and updated "pay to email"). And honestly some of the updates would have been impossible without the help of slack.

The community members on slack have helped me locate bugs! And that help is something i cant measure. Its been very useful to see how it works on all the different systems.

So before honestly my desire to finish gave me unrealistic time line. However, as you can see progress IS being made. The new template is out, the rest are already graphically designed and from there ive got to finish coding them.

Then when thats done, there is a huge question of what exchanges we can get to run the pegging software! One option I have is to finish Blackcoin NightTrader exchange and that would be based on the smart contracts through a microtrader. But in order for that to run with no latency, I need servers so that could be some dramatic changes to all the Halo clients. Of course that also takes time if I choose that route.

If I peg before that, then we need to figure out which exchanges we want to put it on who can use the two asset classes (Bitbay and Bitbay reserve). And there is still updates to the user interface as well! (We need to have the client recognize frozen and liquid assets and reflect them in the balance!)

So this is all going to take time, months obviously. But I'm going to try my best to get it all done as soon as i can. Hopefully I can get everything before the upcoming summer. Also realize, its not possible for me to move on with my life and any other projects until this is done! So of course, I would love to finish and will work my best to get it as soon as I can.

At least in the meantime, we have contracts and decentralized markets... which is pretty damn good so far.

Although more devs would be nice, that's not so important. David is a quite efficient coder. But if you are hoping for a big increase in price, it takes a lot more than cool tech. We have quite a bit of that already. What we need is for the world to know that, and want to test it themselves. We really don't want David to spend his time on marketing instead of coding, so it's up to the community. And obviously, the community is all of us.
There is a lot ordinary Bay holders can do to help without any special knowledge

-Write articles and/or help getting articles published (Probably the most important thing you can do)
-Help checking the translations in the client if you speak other languages than english
-Test the client a lot so you really understand how it works, so you can start helping others that need help
-Make tutorials (video and writing)
-Start selling on the market, so newcomers see that it can actually be used. No need to wait for templates to do that. Custom contracts do the job.
-If you happen to have a web site, link to http://bitbay.market
-Post in this thread to keep it alive even though you don't think you have anything important to say.
-Encourage those that spend their time to help Bay. Motivation is important to all of us.
-If you are on other forums, start threads about BitBay there.
-Donate to marketing fund: B6HtsEuEQfzJTsf751xFj11DpuFjzQfgiS

The above are only a few examples of things you can do. Generally speaking there is a lot of leg work that needs to be done, and there are not enough of us doing it. Although we always welcome good ideas, what we really need is more people that will do all the tedious tasks that need to be done even though they might not be exciting or earn you a lot of glory.

Anyone that wants to help out is welcome. The work is coordinated on slack. If you are not on slack already, shoot me a pm, and I will invite you.

Hi David,

How far away are we from pegging realistically?

Is it even possible to give a time estimate. I know Diablo took years with 5000 staff but is there any hope for tangible features being released in say 6 months time?

Is there any chance we can say bring on some more team members to assist you?

Maybe we could create a dev pot of BAY to bring some assistants your way?

What can ordinary bay holders do to help? I mean most of us can't code or do anything is there any kind of group formed within this community to do marketing or anything get the coin on exchages etc etc?

Yeah this exchange was once okay. It now has time to add total scam shitcoins whilst not even finding time to maintain their wallets of decent alts.

Look at some of the junk they've added lately

Probably because its not a pump and dump? They will add dumb coins that don't even have devs. Or someone who will pay them boatloads of money. As long as the volume is high, voila, its on cryptsy. its inexplicable why some of the coins are still on there with 0 dollars of volume and no dev. But really though once we finish all the features here, they won't be able to ignore it since the supply and demand can be controlled with the software itself eliminating the need for a market maker. (at least thats the plan )

yes i just went and voted for it on cryptsy right now.

Funnily enough I was on there last night with him and dcgirl telling them to add Bitbay. They kept ignoring me and changing the subject. I did say what great work David was doing and what he was developing and developed. People will become more aware if we keep mentioning it etc

Lets 100% get bay on cryptsy. Anyone have Mullick's skype?

why this coin is not on there is beyond me.

I had talked to Horus, he sounded interested but then sort of disappeared. We should be on there, they have so many coins on Cryptsy. When we start pegging im going to need as many good relationships with exchanges as we can get.

That's great! Meanwhile my OSX wallet is fully synced 

i think we are close to the breakthrough. thanks devs!!!

Almost 8 BTC volume on Bittrex today

You are welcome, you can stay posted to this thread for updates or join us on slack. The next template is on the way as well as a new mac and linux build

I have been following Bitbay and now I decided to start buying it. Thanks for the great work devs!

coins like Bitbay with real purpose will survive. coins without purpose like most of coins will completely disappear.

It's about time exchanges started really d-listing crap coins. The shear number of ALT coins on the market seriously devalues that market. Serious projects such as this, will raise in time as they are seen for what they are, innovative, functional and well managed. I would love to see the ALT world shrink to 50 coins or less. That's really all there are that stand a chance of making it in the long run.

Looking good David, keep up the great work! 

Yeah maybe money will start moving out of coins with no purpose into ones with devs! That would be a nice change.

Also, I'm finally finished moving this month was slow, I'm happy back to work, just started looking at a list of things to work on.
Thanks to all the guys on slack for exhaustive testing and helping me locate bugs too. Good job!

The P2M campaign is also a good way to get interested. But really people can just use the feature for tipping

Massive 600% Bitbay volume spike.

8 Btc today.

yes i see that too i also tell people about it and their three people i know so far very interested in buying bitbays.