Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 306. (Read 542094 times)

I just wanted to say to everyone who follows this thread, thanks for the words of support and encouragement. It helps keep me motivated. This update is a lot more complex than I estimated. There is 100s of new little buttons and functions. True, the templates are just forms but they help with calculations and there will be many new features because of this. Its going to be my most commercial release. So no release date for this, just be patient, I will try and code this every day. Im going to make sure on this release to try and get all mac and linux versions working. Since last time it was only about 50-75% of mac/linux platforms.

^^
Agreed. That's some amazing work. I haven't even really begun the to grasp all the possibilities. Glad to see the pictures. That's a definite sign it's close to release. I'm sure the copy cats are already scratching their head on where to begin on this one! 

I see this going way above the basic ebay merchant system. Heck this should actually pull in major corporations that wish to trade with trustless security and virtually for free! Imagine commodity markets where traders look upon bitbay transactions to calculate futures?

Still a ways out there before mainstream, but at least it's about to be on the table for anyone to use!

Can't wait! Just bought me some more bay this morning!

^^ Awesome work David, you have been hard at work and that is some big update coming lol Looking forward to getting used to these templates and getting some proper business started, we will be the first to get out of BETA and going public by the looks of how far you have got already. I wait in anticipation and excitement for this update and the bright future this project has thanks to you and your team you have built

Yeah this next update is major. I'm working on all templates. To give an idea how intense it is, ive attached screen shots. Bartering for example has 2 lists of items. A wish list of things you want and a list of things you have. People can trade their list with yours and Halo calculates the values of everything. So it will be extremely easy to find out how much Gold to send in exchange for potatoes and avocados. You can even combine goods and services BitBay is only used to insure the transactions so its critical to find out what the deposit has to be. Currently, it depends on: How big each shipment is, how much quantity you can sell and how many things in your list you will accept in exchange.

Shipping is another matter entirely. I'm relying mostly on DHL because its in every country. This will be only for calculating shipping. Buyers will be able to calculate this (if i can find a good api). Sellers might have free shipping, request buyer to calculate or request the negotiate that only when in escrow.

The three templates for offers are mostly done but countering is an entirely different ui in some cases (like in barter). Also the interface while in escrow in also different. So my estimate for time to spend coding on this, didnt consider some of the complexities of the templates themselves. Anyways, im making progress and hope to be done soon.

Screenshots:
Forms can be complex or simple depending on what is selected which reveals hidden sections.
https://i.imgur.com/vpw5vVm.jpg

Same form with less selected...
https://i.imgur.com/zdVVEDq.jpg

With cash deals, you need to supply funding info... but this info in withheld until the deal funds
https://i.imgur.com/CDvHp75.jpg

Standard employment contract. The unique feature here is automated payments with submission of progress reports.
https://i.imgur.com/xJjIC0P.jpg

A Standard Sellers contract... its been recommended most people will want to debate shipping while in escrow, not before
https://i.imgur.com/Arid7xP.jpg

Wanna see something cool?! How about a reverse auction!? This can attract traffic to the market.
https://i.imgur.com/virQBTY.jpg

The most INTENSE contract... bartering. Very complex for me to code this. We can figure out how much gold is worth an avocado. Goods/Services can be matched. The only thing is, since both parties ship things, there is no real way to calculate shipping, its assumed to be part of the price for now or it gets sorted out in escrow.
https://i.imgur.com/ivnW6CX.jpg

Adding an item might be more advanced or not depending on the item. My idea is to encourage farm co-ops.
https://i.imgur.com/oRS69pI.jpg

The software magically knows what everything is worth and barters the items. You make your offer to the seller on this screen.
https://imgur.com/SI3uAia


Anyways, let me know your feedback, the shipping is by far the most complex issue. On slack we discussed giving the option to sort it out in escrow. But ive listed a few other options as well.

If you help with an aspect of the development (programming, porting, networks, web) please get in contact with me. I've been looking for new work in leading crypto communities.

Thanks!

Not the only one, me and my wallet are also waiting. Not able do nothing without an update

Agreed. Nice to see that they see the true potential in pegged coins. 'Credit card' merchants need stability, or else they will just cash out as soon as they receive the transaction.

It will be interesting to see where this leads us near the end of the year when the pegging system get's incorporated into the client.

Thanks for the link silavon!

That will be awesome for Bay!

This could be a great chance for BitBay. They are looking to their portfolio coin type BitBay.

http://cointelegraph.com/news/114284/danish-exchange-unveils-next-gen-bitcoin-debit-nanocard

  

important!!!
if you are constant Blockchain wallet user below link is phishing site please spread the word.

Bay is added to Bleutrade exchange.
https://bleutrade.com/exchange/BAY/BTC

Right now as far as I know there is:
http://bitbaymarket.net

I believe a new OP and new website build is in progress

If you upload the client, you can read in the help/documentary tab and learn all about halo. Very soon a template system will be injected into the client that will make the system even easier to create contracts.

In the beta client, there is only the custom contract system usable. As the beta client upgrades and incorporates all the templates, other features will be unlocked. Once this stage is released, the community will push marketing with a public beta in place. 

Think about it this way... Once the client is fully operational, pegging, staking, and any appropriate updates will be automatic - hence no reason for complexities of basic QT wallets where existing users bitch because they want to keep their old version running. The client will keep everyone on the same version automatically.

Many things to come! I'd say now is a great time to accumulate on whoever continues to sell at this current price

Cheers!  
 

Does BitBay have a website?

Is there a tutorial to learn how to use the smart contracts?

Thank you

Major accumulation, if you think this is going to a dollar someday why would you want to raise the price?

Ive given up trying to understand trading lol...

nice volume

I do not understand markets, volume 35 BTC and the price is still the same . It is arbitration? Thank you 

l believe we all whoever did not give up on David deserved some good news since ICO ,didn t we?  Thanks all

Glad you had safe travels!

Looks like some people are antsy for updates. Hope they realize that once they start, it's going to be a back to back upgrade systems that's going to change the way we see the future of decentralized money!  Can't wait!

Back to work ... *cracks knuckles*

Ok so im pushing for an update pretty soon guys.