Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 290. (Read 542094 times)

Loving this volume!

David should have a new update released very soon.

I'm getting closer and closer to finishing a blog about the few decentralized marketplaces in development and nearing release.
It will be completely unbiased, as promised to the publisher.

Currently testing out all the various payment options built into the client and will release blogs to the website bitbay.market after tests are complete

Good things coming to Bay!


 

The beta marketplace is released for Windows OS. So far that are three templates to utilize; Custom Contracts, Buy Coins, and Sell Coins.

To download simply goto the OP or to the websites - bitbay.market or bitbaymarket.net
This is the core client currently version 1.21.

Yet when David releases templates, he provides update links that you simply download and install over the existing core client.
The latest client update can be found on page 112. Or simply dowload: www.davtonia.com/blackhalo/bitbayupdate.exe

You will need to wait for the client to sync to the blockchain 100% before the client will allow you to utilize it's features, this takes anywhere from 6 - 10 hours.
For a faster sync you can download a bootstrap (link in OP) that you can use to import the blockchain.

To Install:
Download and install the Client as described above.
Download the bootstrap.dat file from the OP link.
Unzip the bootstrap.dat file to C:Bitbay\bitbaydata
Start your client and it should sync about twice as fast.

We will consider faster options for coming releases.
Soon we will have a bootstrap.bat file included into the client updates for convenience.
Yet if you wish to create your own .bat file
bitbayd.exe -datadir=%CD%\bitbaydata -loadblock=%CD%\bootstrap.dat

Note: Future template updates will not require re-syncing. Only Core Client updates will require re-syncing


Once you've loaded up the Client and create your account by following the setup wizard, feel free to try out the Bitbay Faucet built into the Client's Marketplace.
Simply goto the "Market" tab of the client.
On the right hand side of the client you should see a feature called "Add/Join Market", click on it.
Then type in the pop up window: Bitbay Faucet  
The marketplace will take a few minutes to get added into your client. You can see if it's been added by clicking on the top right drop down box. You should see default markets: "ALL", "Bitbay", and once joined, "Bitbay Faucet"
You should see my faucet contract feel free to click on it to accept 1000 free coins.
If you have any questions let us know.

The website, bitbay.market has lots of information about the client. You can also click on the "Help" tab at the top of the Client and read the "Documentation" file

I am still hodling. When the market will be released?

Thanks RQDxRocket! LOL, the faucet was just a simple little test to prove the vast capabilities built-in to  the Client. How many other coins, with their Bitcoin based QT wallets, can create such a feature?

Now that you understand how you can add a market or join a market, you can begin to see the real beauty behind all of this. Let's say you want to sell a painting, but want to have an exclusive buyers club 'for your eyes only' type deal. You could create an 'xyz painting for sale' market (or anything your imagination allows) and simply send your buyers club the name of the market so they could join it and see what paintings you are selling - no one else could see it because they'd have to join it as well - but in order for them to do that, they'd need the name of the market! It's like a built in username and password all in one!

The sky is the limit!  

Hello,

I am back after a busy summer, thx goes out to David for creating a wallet that basically has a built in faucet and to "Craig" for the free 1000 bitbay from the BitBay Faucet category in the market.

Thanks
RQDxRocket

Yep, and i dont think people realize the signifigance of being able to send wires anywhere in the world regardless of trust without using insurance or escrow. I could think of many business that would immediately need that service.

Yeah that moneygram and western union are in many countries but the "other" option you made now locally in many, many counties people can trade anonymously and secured. The options are now endless, locals will know a payment method their familiar with and use it but this time it will be doubled deposited .

The reason i chose moneygram, western union was because they are in many, many countries. Wire, direct deposit(if both countries have something like hsbc) and cash in the mail always works too.

yeah their should just be a list some where on the forum with just the links and then remove the links and add guides, that will be the hard part but one by one we be the less stressful way. The list should also be separated by counties .

I'm starting to think the best way to tackle this is to write a blog exclusively for each payment option

That's the best part and the hardest part.   We keep finding new payment options cause nobody really had a reason to use them in the past. With double deposit escrow, they are the perfect tools. I agree we need a forum guide or something similar cause it's updatable - yet it makes it very hard to write a blog because you don't want to be outdated after 24 hours with some new found feature that deserves mentioning and testing!

Wow great find! 3r, munti, can we make a list of all the different options and maybe put somewhere on the official site forum?

Bitbay has no hope, we still give up early

I know! I can't wait to get all these options incorporated into my Bitbay Client. Adios Coinbase, and all the other 3rd party fiat-to-crypto-to-fiat apps that reign over all of us crypto-currency fanatics! Satoshi would be proud!

yeah there so many option with the new sell and buy coin option in the Bitibay client that users can also use www.venmo.com it is a free us bank to bank transmitter they also would transfer money using your credit card or debit card with 3 % charge.

Found a really cool link to help US citizens bypass coinbase.

Popmoney.com

Perfect application for the Bitbay Client!

This week we are excited to announce another round of nice updates!

- The Windows OS, “Buy Coin” template has been updated into the Client for all Slack members and BCT members for testing. This completes the “Buy/Sell Coins” feature in the    Clients “Home” tab. This gives the client a total of 3 templates to test out; Buy Coins, Sell Coins, and Custom Contracts.
   If you are new to Bitbay, please follow these instructions to download the Client:
      First, download and install the core version 1.2 which can be found in our official websites:
         http://bitbay.market/downloads/
         bitbaymarket.net
         The OP on BCT https://bitcointalksearch.org/topic/bitbay-official-bitbay-thread-smart-contracts-decentralized-markets-rolling-peg-890531
      Second, download the update file and install it - this will automatically update the  core download to the latest version 1.21  Link:
      www.davtonia.com/blackhalo/bitbayupdate.exe
      
      If you already have the existing core version 1.2 installed, simply skip the first step above.


 - For new users, check out the get started section on Bitbay.market
   We recommend the following files to be backed up in multiple safe locations:
      Both your private keys.
      Contracts.dat file - this stores your existing contracts in the marketplace
      Other.dat file - this stores various important account and marketplace information, existing order numbers, and existing inbox email correspondence.
      Outbox.dat file - stores existing outbox email correspondence.


- New users must be reminded that the Client will need to ‘sync’ to the entire blockchain. This can currently take anywhere from 5-10 hours. For the sake of security, you must wait for the blockchain to syncronize 100% before the Client will allow you to begin to transact.For a faster sync you can download a bootstrap (link in OP) that you can use to import the blockchain. Future template updates will not require re-syncing. Only Core Client updates will require re-syncing. We will consider faster options for coming releases.

       To Install the Bootstrap:
               Download and install the Client as described above.
               Download the bootstrap.dat file from the OP link.
               Unzip the bootstrap.dat file to C:Bitbay\bitbaydata
               Start your client and it should sync about twice as fast.

 - Soon we will have a bootstrap.bat file included into the client updates for convenience. Yet if you wish to create your own .bat file   bitbayd.exe -datadir=%CD%\bitbaydata -loadblock=%CD%\bootstrap.dat
   

 - P2M (Pay to email) has been updated due to a bug found in the language feature. Bitbay’s Client has over 90 languages to choose from.


Thanks for reading, we wish you a nice weekend!

You know what, i should add to my reply one thing. Everything should be decentralized and trustless. Decentralized media, open source electronics, 3d printing, aquaponics, etc etc etc. I relieves the burden of consumption from society.

Crypto has to be more decentralized.

Halo specifically is decentralized escrow (2 party escrow) as of course you know.

The markets can really be used as decentralized servers in a sense because of the way bitmessage shares channel keys.

So here we have decentralized markets, escrow, contracts, and currency.

The pattern is simple. So I definitely want to eliminate myself from the equation. Notice how no escrow fee is charged! But there is a time and place for everything and the time to put source on github is not yet. sidhujag, i support your projects and respect your opinion! And hopefully soon everything will be finished.

The next update will be selling and buying anything with auctions and reverse auctions. For now i encourage people to use the p2p cash for coins contracts and regular custom contracts.

Halo has been closed source for a year and a half since its inception in BitHalo. To be honest, crypto people don't usually build from source either. Its a false sense of security you have there. Tell me, do you check the source code of every coin you run? Of course not.

The reason its closed is so people don't use the tech to run pump and dumps and so they don't try to exploit decentralized markets and to keep a competitive advantage. Originally, i wanted to open source and got tons of pms and emails mostly on blackcoin subreddit telling me not to.

I have worked on this source code for 1.5 years alone. I'm not going to just post my code until I'm ready. I've carefully analyzed most of the popular githubs and realized there is not enough commits to justify it. I'm predicting if i did post on github, that almost nobody would contribute. Bitcoin is still stuck in the stone ages with hardly any changes and people fight about block size? Seriously? If they cant get past such a trivial thing there is no way in hell Bitcoin will make mainstream.

By the time they finish their stupid blocksize debate, devs 10 times more talented than any of us working for a bank will probably code a better bitcoin from scratch and release for big banks or companies.

Also, i explicitly said anyone can pm me for source code to build Halo with. All i do is change variable names with a customized obfuscator that makes the variables into funny Doge names. I'm not asking people in crypto to run distributables but we want double deposit to reach a wider audience and they certainly will not build from source.

On that note 99% of the people buying crypto definitely do not build from source. They go to the website, they run the distributable which most definitely could be compromised. So if we took our security seriously, then we would all build from source after independently auditing it.

I'm not hiding behind a fake profile, and have a reputation known outside of crypo. Add this to the fact that the majority of my day is spent on security, preventing hacks, keeping peoples coins secure, preventing double spend, making sure contracts can be sent bogus data, preventing spoofing on the markets etc.

In a crypto community lol.. I guess they trust you that much.. I would never open an exe on this forum regardless of what it was.