Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 313. (Read 542140 times)

Yeah this is eventually the plan. I was even thinking of having a permanent shop for trusted suppliers. So people who want to sell millions in volume can contact us and get on a special list so their listings are always in the client. Regardless, I'm trying to finish templates first so all the forms are user friendly.

In fact, once i finish an api, why cant we make a little program that does affiliate orders. So somehow a user can place ebay orders from other suppliers in BitBay that they would be willing to broker? This was we can wire through popular providers. IF there was a gateway. The thing is, it might be a little bit more expensive since the person reselling will want to mark up any item. However, it does populate the markets and i think thats kind of cool.

I have the idea. Why not inform alibaba/aliexpress and other such sellers about bitbay? Just sending them messages and emails? I think many of them could be happy to have another opportunity to sell, in addition with what they already have.

On the previous page i uploaded an update to the windows client. And soon there will be an update with templates I'm working on that now.

Great question! We recommend that you keep the client on during negotiations. If its responding to an offer it will time out after a couple days. We also recommend you use encrypted email instead of bitmessage during a p2p negotiation for reliability and speed. However bitmessage itself will send messages again until they have been received but i have to admit I'm not sure I like their protocol and might change it. They send 2 days then 4 then 8 so there are gaps I think. Instead for now the way to fill that in if you chose to use Bitmessage during negotiations is for the client to automatically resend the message. Also, for timeouts all my templates will give a lot of extra time to plan for delays. You can extend time of escrow by mutual agreement.

Will there be an update/roadmap soon?

Thanks,

So if a node is offline for more than 2 days its p2p memory pool of transactions is erased correct? What happens if someone pays for an offer but that node is offline for longer than 2 days? Not saying it is a common scenario just asking the what if's...

Thanks for the clarification I will add them to the blog post. Looking fwd to your comments.

The closet thing around here to 1 sat is your opinions and your pay for posting! This coin has barley started all you have to do is sit back and cry when it takes off and you had the chance to be part of it at the cheapest rate, but you chose to attempt to add your 1 satoshi and spent all your time trying to figure out what to say. On a different note, today volume has been better going to get some more at this cheaper price.

Your English is bad, make sure you know what your reading, there nothing poor her but your English. 

maybe will 1 sat

bitbay will be 10 sat 

Poor Bitbay, poor Dzimbeck, coins were dumped in the low-cost, it seems, Bitbay is not far away from the dead, sad!

Ok so here is an update installer for the windows client. Its mostly just performance enhancements and a few fixes like the bug in the previous page.
This update isnt being rolled out for linux yet. Instead that will probably be uploaded when i finish the templates.

www.davtonia.com/blackhalo/bitbayupdate.exe

Yeah you can do offline sales absolutely. At some point, you need to broadcast though. This in effect is better than blockchain versions because its peer to peer. This really avoids blockchain bloat. Although Bitmessage itself could get bloated. However in that case changing/adding ports, establishing whitelists and dividing markets will solve that issue. Link markets dynamically the way the internet currently does.

Currently, moderation is used to delete offers for highly illegal things not censor them (that would be impossible since everything is encrypted coming in unless every offer was reviewed in advance). Obviously we dont want organ trading and other crazy things on there. Lets do our best keep this clean so we can reach the masses. Of course we cant possibly know all the markets because bitmessage decryption keys are based off the market name.

So a moderator broadcasts a message to say a market or an order should be ignored. However, a node would have to be connected to see that. Nodes that dont connect within the 2 day period will simply not see it. A permanent ban can happen by checking a server and eventually a burn address can be used. Incentive for moderation is just based on good behavior and constant connectivity. A merchant who always uses the markets and does great can be issued the moderation key. If you place that key in the folder your version of Halo is instantly converted to the mod version with extra options.

This system is extremely anon. The IP addresses are encrypted with a supermoderator key. So only I hold that one and it can be used for very positive reasons. For example, a node who is always connected can be added to knownnodes.dat in bitmessage so we have faster markets(without revealing the ip itself). However consider that I only can see an ip address of a market that im connected to. If something happens in a market I dont see it would be impossible to log that due to the nature of Bitmessage. And ive never bothered to decrypt them anyways because we are not big enough to need the performance boost of new known nodes.

Its like triple anomynoty. First with bitmessages encryption then we encrypt again in Halo and finally the p2p negotiations are encrypted with there key. So unless you are a peer to a transaction there is absolutely no way to intervene.

I should add, if you use Tor with Bitmessage or Bitcoin you lose all of your anomynoty. There is some great articles on that. In fact it even opens you up to some really powerful attacks by controlling exit nodes. So I'm looking forward to developements in i2p and mesh(people can always add Tor manually to their config file but i dont recommend it).

I'll be doing a blogpost as part of a Syscoin Marketplace competitor research blog. I had some questions about BitBay as I featured it as one of the leading contenders in the marketplace space.

1) Since BitHalo uses BitMessage, would you be able to do off-line sales like that with blockchain versions of marketplace?
2) Are you using the moderation layer of BitHalo to censor offers? If so, what sort of incentives will users have to become moderators?
3) How would you support anonymity... i mean interms of obfuscating IP addresses not necessarily encrypting messages which come OOTB with BitHalo.

nice support for bitbay at the moment looks like this baby going to go on another run 

The templates are for all of the things needed. Forms, for example shipping information or bank or funding info. Perhaps encrypted info and any automation. Like if an automated payment is needed etc.

Sounds very good being closer to commercial and I feel privileged to have a nice stack this early on! The projects future looks so bright bringing what is needed to the crypto world not taking from it like 7/10 try/want to do.

Yeh the speed issue is a little annoying but I will be holding out however long it takes to be fully fixed as I have tried it on windows and it is much more smooth and responsive. The templates are to make the process even easier I take it?

It is already simple I may add but anything to make it easier and more simple for average joe will be awesome. Looking forward to NT get some decentralized trading going on!

Yes this next version is focused on stability and its my closest version yet to being commercial. ive got to see if the bug for speed in linux i fixed was not related to a common pyqt bug or not. I changed the way file saving is done so your hard disk doesnt slow the GUI down. Tons of changes were made. Most critically, i made it so BitBay deletes old emails once contracts complete. That will speed up messaging too. So now, there is just templates and NT exchange.

Oh that is good thank you for letting me know that it is not just my computer lol I will look forward and stay tuned to catch the next fixed version as I would love to do some trades on there but I am not really able to like this. UI performance update sounds good to me. I will be here