BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 295.

Bitcoinman777

member

Activity: 109

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Quote from: 3r197 on August 06, 2015, 04:45:38 PM

Quote from: Bitcoinman777 on August 06, 2015, 03:45:55 PM

What's the stakerate everybody?

The stake rate is 1% annual interest. If you don't sell your stake for a year the compound interest equates to 1.01005% a year.

Feel free to check my math. http://www.wikihow.com/Calculate-Compound-Interest

Thank you. I did transfer some coins to another address, since they were locked. I suppose the year will start from the moment i transferred them or is the official date (4 months ago) used?

3r197

hero member

Activity: 732

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Quote from: Bitcoinman777 on August 06, 2015, 03:45:55 PM

What's the stakerate everybody?

The stake rate is 1% annual interest. If you don't sell your stake for a year the compound interest equates to 1.01005% a year.

Feel free to check my math. http://www.wikihow.com/Calculate-Compound-Interest

astrobitcoin

full member

Activity: 134

Merit: 100

Quote from: samuele1984 on August 06, 2015, 04:30:25 PM

i want to withdraw my coin from bittrex but iam scared that if i download BAY wallet and later my pc is broken , then i will lose my bay..
Is it possible to download bay wallet and then to save it in usb stick with all my bay ?

you just need to do a backup of the wallet and save that on a usb stick

with the backup you can restore the wallet anywhere and when you rescan the blockchain your balance is back Wink

samuele1984

newbie

Activity: 12

Merit: 0

Hi David,

I have 3 200 000 BAY in bittrex , also me i have lost btc in mintpal and excoin , i want to withdraw my coin from bittrex but iam scared that if i download BAY wallet and later my pc is broken , then i will lose my bay..
Is it possible to download bay wallet and then to save it in usb stick with all my bay ?

Bitcoinman777

member

Activity: 109

Merit: 10

What's the stakerate everybody?

dzimbeck

legendary

Activity: 2414

Merit: 1044

Quote from: Penn.3D on August 06, 2015, 09:49:55 AM

Quote from: dzimbeck on August 06, 2015, 09:44:49 AM

Quote from: dalefrench on August 06, 2015, 12:09:44 AM

I have bought gradually about 2 million bitbay. Will it help bay if I staked them? I am a little wary about wallets now days. But I like where this coin is going.
Also thank you for the Slack invite.

Actually in an upcoming update you will be able to stake in the markets wallet which will allow you to stake from 2 locations. Security on a whole new level. And yes please stake. The rewards will probably be higher because there is less people staking. So its a huge bonus for people who have less coins, they will get a higher probability of finding blocks i think.

When i was testing the multisig staking i was shocked by how many blocks i was finding. Its one feature im very eager to get done.

And its good to be wary. People are not taking their financial security in bitcoin seriously enough. Most coins including bitcoin are very volative and people should always chose decentralized options over centralized ones. There is nothing in the markets wallet that relies on servers, nothing relies on anything but your own computer/node. Pure p2p.

We will be able to hold coins in Bittrex's wallet and stake at the same time? I've never heard of that before! Is that a first for crypto?

Not in bittrex unfortunately. Exchanges don't use multisignature. But, when you keep coins off the exchange you can use two locations for staking and yes it certainly is a crypto first. Also, i definitely do not recommend keeping coins on exchanges. I lost like 3 btc on mintpal and 2 on bter and was lucky not to lose more. And im sure tons of people got wrecked at gox(.5 billion dollar theft).

So i think its best to just do your trades, withdraw immediately. Eventually Blackcoin will have a decentralized exchange using Halo (NightTrader) which is planned after template release.

Penn.3D

sr. member

Activity: 336

Merit: 250

Quote from: dzimbeck on August 06, 2015, 09:44:49 AM

Quote from: dalefrench on August 06, 2015, 12:09:44 AM

I have bought gradually about 2 million bitbay. Will it help bay if I staked them? I am a little wary about wallets now days. But I like where this coin is going.
Also thank you for the Slack invite.

Actually in an upcoming update you will be able to stake in the markets wallet which will allow you to stake from 2 locations. Security on a whole new level. And yes please stake. The rewards will probably be higher because there is less people staking. So its a huge bonus for people who have less coins, they will get a higher probability of finding blocks i think.

When i was testing the multisig staking i was shocked by how many blocks i was finding. Its one feature im very eager to get done.

And its good to be wary. People are not taking their financial security in bitcoin seriously enough. Most coins including bitcoin are very volative and people should always chose decentralized options over centralized ones. There is nothing in the markets wallet that relies on servers, nothing relies on anything but your own computer/node. Pure p2p.

We will be able to hold coins in Bittrex's wallet and stake at the same time? I've never heard of that before! Is that a first for crypto?

dzimbeck

legendary

Activity: 2414

Merit: 1044

Quote from: dalefrench on August 06, 2015, 12:09:44 AM

I have bought gradually about 2 million bitbay. Will it help bay if I staked them? I am a little wary about wallets now days. But I like where this coin is going.
Also thank you for the Slack invite.

Actually in an upcoming update you will be able to stake in the markets wallet which will allow you to stake from 2 locations. Security on a whole new level. And yes please stake. The rewards will probably be higher because there is less people staking. So its a huge bonus for people who have less coins, they will get a higher probability of finding blocks i think.

When i was testing the multisig staking i was shocked by how many blocks i was finding. Its one feature im very eager to get done.

And its good to be wary. People are not taking their financial security in bitcoin seriously enough. Most coins including bitcoin are very volative and people should always chose decentralized options over centralized ones. There is nothing in the markets wallet that relies on servers, nothing relies on anything but your own computer/node. Pure p2p.

Kevinrasf

hero member

Activity: 560

Merit: 500

Quote from: dalefrench on August 06, 2015, 12:09:44 AM

I have bought gradually about 2 million bitbay. Will it help bay if I staked them? I am a little wary about wallets now days. But I like where this coin is going.
Also thank you for the Slack invite.

it will help the network if you stake.

And you will be able to mine some fees as well Cheesy

dalefrench

member

Activity: 103

Merit: 10

I have bought gradually about 2 million bitbay. Will it help bay if I staked them? I am a little wary about wallets now days. But I like where this coin is going.
Also thank you for the Slack invite.

silavon

member

Activity: 66

Merit: 10

Thank you friends for answers.
I look forward to what comes.
Have a nice day. ♥

dzimbeck

legendary

Activity: 2414

Merit: 1044

Quote from: silavon on August 05, 2015, 03:50:36 AM

Hello everyone.
I want to thank David Zimbeck for his excellent work.
I do not understand
A few weeks prior to fixation and markets are almost zero.
Huh

Thanks for the support buddy. I'm coming out very soon with a new update. With the new templates orders will be able to stay longer on the markets (considering you remain connected) and you can track prices for fiat. This should encourage the markets in the client to populate.

I'm sure price wise people are only waiting for the news. Then others are waiting for pegging so they wont buy back in until later. So you know guys just hang tight, be patient we've got a lot of great updates prepared.

Also it should be noted that I'm trying to make larger updates instead of multiple small ones. This new update you will want to uninstall the markets client(not qt, that you can keep as is) and do a fresh install of the new markets client. The new one has an autoupdate link.

Large updates are better because im starting to make the software more commercial and i don't want people complaining about missing features.

We are about to test the first template on slack, its pretty exciting (buy/sell coins for cash) so that should happen shortly. I'm just testing those myself right now.

Kevinrasf

hero member

Activity: 560

Merit: 500

Quote from: silavon on August 05, 2015, 03:50:36 AM

Hello everyone.
I want to thank David Zimbeck for his excellent work.
I do not understand
A few weeks prior to fixation and markets are almost zero.
Huh

People want to see solid news, evidence of what we are creating here.

As soon as we come with solid material the markets will flourish again.

For now we can still get cheap coins below 100 sats.

silavon

member

Activity: 66

Merit: 10

Hello everyone.
I want to thank David Zimbeck for his excellent work.
I do not understand
A few weeks prior to fixation and markets are almost zero.
Huh

dzimbeck

legendary

Activity: 2414

Merit: 1044

Quote from: cryptohunter on August 04, 2015, 05:27:13 AM

Any chance of cryptsy adding BAY?

I talked to Horus, he was supposed to meet our group and then he got busy with something else. But one thing we have to consider is, once pegging starts we will need to reform our exchange relationships. (they would have to have bay and bayreserve and use the daemon to calculate all their trades)

cryptonit

legendary

Activity: 3052

Merit: 1053

bit.diamonds | uNiq.diamonds

just added BAY to my portfolio
normally i only gather nice staking coins
main focus on DMD Diamond

but for BAY i make a exception because i have a good feelings and trust in david to deliver

buyasicru

member

Activity: 658

Merit: 11

Quote from: cryptohunter on August 04, 2015, 05:27:13 AM

Any chance of cryptsy adding BAY?

Its on vote at cryptsy right now...
I hope to see BAY on btc38.com

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Any chance of cryptsy adding BAY?

healthhealer4

member

Activity: 100

Merit: 10

Quote from: Coinmin on August 01, 2015, 08:40:51 PM

Will my old blockchain work with the new QT wallet from OP or I must do resync?

Your wallet.dat file will work with the current qt wallet . Just download the new qt waller on bitbaymarket.net and you should have wallet.dat which you will move to the your file path location that was created from the new qt wallet. If you need help finding that location just let the cummunity know and someone will help you.

Coinmin

sr. member

Activity: 483

Merit: 250

Will my old blockchain work with the new QT wallet from OP or I must do resync?

Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 295. (Read 542225 times)