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Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 314. (Read 542094 times)

member
Activity: 104
Merit: 10
The First Pakistan Bitcoin Exchange
The old wallet kept on crashing on me. So I reverted back to old wallet. I hope that wont effect staking. Since I am running windows xp Wink
hero member
Activity: 700
Merit: 500
Such a great bitbay, the price is so low, it is covered up tall image of david. The bitbay team of the promotion personnel should work hard.


It is indeed a great Bitbay, the price is where the market believe it should be and to be honest i am happy with it where it is at the moment it is no rush is it? I am sure the right promotions will come when they are ready, this is still in beta testing so lets wait until public release.

@ David I am running linux and it has come to my notice the last few times logging in that i am lagging and getting a slow response has anyone else reported this?

Thanks.
member
Activity: 96
Merit: 10
Such a great bitbay, the price is so low, it is covered up tall image of david. The bitbay team of the promotion personnel should work hard.
legendary
Activity: 2412
Merit: 1044
David,

I'm having issues with the marketplace as well.  Syncing to correct block but the history tab has "no internet connection" and the balance on main tab is "not up to date" and doesn't reflect my correct balance. Been since the 21st that something went wonky as I had a deposit to wallet then but my deposit to wallet from the 25th refuses to show up.

Do we just need to wait for next update? My balance on the block explorer is correct, just not in wallet.

Yes the issue you are having is the same as above. The google server it pings to see if there is internet connection is down. Thus it doesnt realize its online. Ive already fixed this. Either it will come back online or in the next update a different method is already being used.
newbie
Activity: 15
Merit: 0
David,

I'm having issues with the marketplace as well.  Syncing to correct block but the history tab has "no internet connection" and the balance on main tab is "not up to date" and doesn't reflect my correct balance. Been since the 21st that something went wonky as I had a deposit to wallet then but my deposit to wallet from the 25th refuses to show up.

Do we just need to wait for next update? My balance on the block explorer is correct, just not in wallet.
legendary
Activity: 2412
Merit: 1044
Hmm if you click on the history tab, does it say "not connected to the internet"? Because, the software checks a standard ip address to see if the internet is going. Specifically, http://74.125.228.100 which is a google ip address that used to give a quick response for slow internet. I noticed that link has been down. My new version im working on also checks google.com if that fails i suppose i could also check to see if we connected to any nodes on the network as an alternative although that isnt immediate.

So yeah, it should synchronize even if it says 0% i know thats sort of strange however, that address should come back online. If it thinks its not connected to the internet it wont get the time online and thus will not be able to calculate an estimated block height(of course it can also use the computers timestamp but its always best to have 2 because of differences in timestamps).

Anyways, let me know if that node goes back online otherwise it will be in the next update. If it is stuck at block 80640, you could try restarting your client. Just exit and come back in. If it still is stuck please send me the debug.log which is in the bitbaydata folder.
member
Activity: 114
Merit: 10
Hi David!

i have a problem with the Beta client. Since 2 days it is saying that is Synchronizing but still is at block 80640 and the bar says 0%. Sad What is happening? Maybe u have some ideas.
Thanks in advance for the help

pd: thnks for to made clear the auto-chances of the Bitbay client. Im not a programmer so, im not so good knowing this kind of things Wink
hero member
Activity: 661
Merit: 504
"You will be able to exchange Bay directly to US$ in the client and on exchanges"

So that will be done through wire transfer, etc. Exactly who is the intended audience for this coin?

When you say exchange USD for BAY at exchanges, do you mean like I can exchange BTC for BAY today or something else?

You can exchange for $ here: https://c-cex.com/?p=bay-usd

We are looking at other exchanges as well
legendary
Activity: 2412
Merit: 1044
"You will be able to exchange Bay directly to US$ in the client and on exchanges"

So that will be done through wire transfer, etc. Exactly who is the intended audience for this coin?

When you say exchange USD for BAY at exchanges, do you mean like I can exchange BTC for BAY today or something else?

Any method you can use to send cash is supported. The audience is everyone who wants to buy crypto especially countries without access to coinbase
and especially people who do not trust centralized companies. These Halo contracts cant be broken so the risk with coinbase is that they take your wire
or take your bitcoins. Remember mt gox? They took .5 billion dollars. If they used double deposit with their wire transfers that would not have happened.

You can exchange BTC for BAY using microtrading. I'm finishing up coding Blackcoins NightTrader exchange which goes into BlackHalo and other Halo clients.
This exchange uses smart contracts to exchange between any two coins without an exchange.

In theory you can already do that in Bay but NightTrader is meant to make it user friendly.
member
Activity: 85
Merit: 10
"You will be able to exchange Bay directly to US$ in the client and on exchanges"

So that will be done through wire transfer, etc. Exactly who is the intended audience for this coin?

When you say exchange USD for BAY at exchanges, do you mean like I can exchange BTC for BAY today or something else?
legendary
Activity: 2412
Merit: 1044
I guess here's my disconnect. I can buy BTC with USD at coinbase. I have a verified checking account that I move USD into when I need BTC. I go to coinbase and press a couple of buttons and I can ask for $38 worth of BTC and mash the button and it says OK. [ Insert 30-60 minute wait for confirmations ]You now have $38 worth of BTC. That's it. When you tell me I can exchange USD for BAY, I expect to be hooked up with a buy/sell button to exchange $38 for BAY. Press the button, it says OK and the BAY are in my wallet. If the exchange of $$ > BAY is more difficult than $$ > BTC, then what am I gaining by using BAY? I'll stick with BTC because it's easier.

I think of it like this. I can teach my 10 year grandkid to buy BTC in my coinbase account in less than an hour. You have said that I will be able to exchange USD for BAY in the client. When will there be a secure, reliable exchange mechanism I can teach to my grandkid in under an hour? Otherwise, what's the point here?


I think that u are talking about 2 different things here. Coinbase is a dedicated web for to sell and buy BTC but what u get with Bitbay is a complete and decentralize marketplace... u can not automatize that... and it will be not so easy to learn for ur grandkid Wink

pd: sorry for my english
Your english is pretty good Smiley

Yes you can automate a lot of it. For example, you can run an automation script to wire money from certain banks by logging in online the same way a webserver does it, you can automate payments via western union with someone who has an online account. I think in theory there is nothing you can do with a website that you cant do p2p.

For now the only part that will be manual is actually sending the wire or sending the cash. The rest (forms, funding details, exchange rate) will be automated right out the gate.
legendary
Activity: 1162
Merit: 1000
Allergic to false promises


You're still on my ignorelist and I guess you will stay there with the bs you're talking.
legendary
Activity: 2412
Merit: 1044
I guess here's my disconnect. I can buy BTC with USD at coinbase. I have a verified checking account that I move USD into when I need BTC. I go to coinbase and press a couple of buttons and I can ask for $38 worth of BTC and mash the button and it says OK. [ Insert 30-60 minute wait for confirmations ]You now have $38 worth of BTC. That's it. When you tell me I can exchange USD for BAY, I expect to be hooked up with a buy/sell button to exchange $38 for BAY. Press the button, it says OK and the BAY are in my wallet. If the exchange of $$ > BAY is more difficult than $$ > BTC, then what am I gaining by using BAY? I'll stick with BTC because it's easier.

I think of it like this. I can teach my 10 year grandkid to buy BTC in my coinbase account in less than an hour. You have said that I will be able to exchange USD for BAY in the client. When will there be a secure, reliable exchange mechanism I can teach to my grandkid in under an hour? Otherwise, what's the point here?


Are you fudding this or something? There IS a Buy/Sell button in BitBay and BitHalo. Once you enter the info in once, its saved and you only have to click the button once. It will then buy at market price for USD. If the market price fluctuates your order will too.

Everything is automatic, thats the point of a template. If you allow western union you might have to log in and send money (oh the agony!)

Also, are you a soccer mom, 15 year old, or a dude with grandkids? lol... your "grandkids" will probably be driving flying cars when they grow up.

Tell me if this is too complex for you... you click "Buy coins" enter how much,  and you are done. Is that too complex for you?

Furthermore, Coinbase is not avaiable anywhere but america... lol. Arent you forgetting 99% of the world that has no way to buy Bitcoin? They can do that here no matter what country. Halo just solved a huge, huge problem. Problem solved international cash decentralized anonymous peer to peer transactions.

Also if China bans BTC, guess what? People can still use Halo. Its anonymous because its peer to peer. Coinbase reports you as suspicious if you transact too much and you will get audited... have fun with Coinbase lol. And Coinbase has been known to revoke high frequency accounts for no reason. If China bans BTC, then can buy in Halo because its anonymous/peer to peer. Any funding method is available. I would like to see Coinbase take Western Union. Do they take western union? ohhh thats right they dont.



member
Activity: 114
Merit: 10
Marketplace = sell and buy anything u want, not only Bitcoins Wink
member
Activity: 114
Merit: 10
I guess here's my disconnect. I can buy BTC with USD at coinbase. I have a verified checking account that I move USD into when I need BTC. I go to coinbase and press a couple of buttons and I can ask for $38 worth of BTC and mash the button and it says OK. [ Insert 30-60 minute wait for confirmations ]You now have $38 worth of BTC. That's it. When you tell me I can exchange USD for BAY, I expect to be hooked up with a buy/sell button to exchange $38 for BAY. Press the button, it says OK and the BAY are in my wallet. If the exchange of $$ > BAY is more difficult than $$ > BTC, then what am I gaining by using BAY? I'll stick with BTC because it's easier.

I think of it like this. I can teach my 10 year grandkid to buy BTC in my coinbase account in less than an hour. You have said that I will be able to exchange USD for BAY in the client. When will there be a secure, reliable exchange mechanism I can teach to my grandkid in under an hour? Otherwise, what's the point here?


I think that u are talking about 2 different things here. Coinbase is a dedicated web for to sell and buy BTC but what u get with Bitbay is a complete and decentralize marketplace... u can not automatize that... and it will be not so easy to learn for ur grandkid Wink

pd: sorry for my english
member
Activity: 85
Merit: 10
I guess here's my disconnect. I can buy BTC with USD at coinbase. I have a verified checking account that I move USD into when I need BTC. I go to coinbase and press a couple of buttons and I can ask for $38 worth of BTC and mash the button and it says OK. [ Insert 30-60 minute wait for confirmations ]You now have $38 worth of BTC. That's it. When you tell me I can exchange USD for BAY, I expect to be hooked up with a buy/sell button to exchange $38 for BAY. Press the button, it says OK and the BAY are in my wallet. If the exchange of $$ > BAY is more difficult than $$ > BTC, then what am I gaining by using BAY? I'll stick with BTC because it's easier.

I think of it like this. I can teach my 10 year grandkid to buy BTC in my coinbase account in less than an hour. You have said that I will be able to exchange USD for BAY in the client. When will there be a secure, reliable exchange mechanism I can teach to my grandkid in under an hour? Otherwise, what's the point here?
legendary
Activity: 2412
Merit: 1044
OK. Check yourself Deezzy. Cryptsy will trade USD for altcoins, no problem. DeezCoinz dropped over Cyptsy ready to cop some coin. Made the official DeezCoinz account. Gave the wrong state. haha. they took it. I got my CC out and, WUT?, they want my drivers license or passport? I'm too young to drive and can't leave the country either. I CAN'T USE MY $$ without DOXXING myself.

Am I nutz here? Yes

So you are speaking riddles here, you are old enough to own a credit card but not old enough to drive? Doxing yourself to an exchange is not really a massive deal unless you are on the run or some s*&t.

I have a good memory and i remember you telling the thread how you drive your sons to soccer practice and how you buy their nikey boots from ebay so you have confused me to say the least. You created an account just to love Bitbay what is this about?

I mean, really,  nikey boots? I published my complete plan to introduce ZuttCoin to the world including the natty photo of my uncle holding one, and all you remember is nikey boots?. I'm obviously not working hard enough here...

Who said anything about drivers license and passport? The buying or selling of ANY coin not just BitBay can happen in the wallet. Its peer to peer cash. If you want, I will walk you through how to do it we can do a cash deal right now if you want. Basically, a person selling cash would not need a drivers license or photo id or anything like this. Thats up to the seller and i highly doubt they will care. Here is the various way cash can get done in the markets.

Most common:
Wire transfer - Buyer supplies checking account number and bank name, seller wires funds. Everyone releases deposits.
Western Union - Buyer gives name and country of cash pick up. Seller sends western union, gives confirmation number. Deposits released after cash is picked up.
MoneyGram - Exactly like western union
Cash in the mail(your mom doesnt need to know the address) - Buyer gives address. Seller sends cash in mail and insures it with carrier. Buyer gets it, deposits released.
Prepaid credit cards - Buyer gives prepaid credit card information. Seller refills card. Deposits released.

No as common, risky due to chargebacks(personally not recommend):
Credit card - Buyer allows for credit card funding, seller makes payment (with possible hold). Deposits released.
Paypal - Buyer gives paypal etc.

Anyone can be a cash seller, so it is clearly the sellers responsibility if they want to do large volume, they will have their own know your customer policies.
But many countries dont have those and most people wont care. Hope that explains it, its by far the most superior way to transfer cash.

ALSO...
You are NOT doxxing yourself at all!! The information you send will only be known by the seller. If you only want to reveal an address for cash in the mail then do that. If you want to only give your name for western union, do that. The information is ENCRYPTED so only the other party knows Wink
member
Activity: 85
Merit: 10
OK. Check yourself Deezzy. Cryptsy will trade USD for altcoins, no problem. DeezCoinz dropped over Cyptsy ready to cop some coin. Made the official DeezCoinz account. Gave the wrong state. haha. they took it. I got my CC out and, WUT?, they want my drivers license or passport? I'm too young to drive and can't leave the country either. I CAN'T USE MY $$ without DOXXING myself.

Am I nutz here? Yes

So you are speaking riddles here, you are old enough to own a credit card but not old enough to drive? Doxing yourself to an exchange is not really a massive deal unless you are on the run or some s*&t.

I have a good memory and i remember you telling the thread how you drive your sons to soccer practice and how you buy their nikey boots from ebay so you have confused me to say the least. You created an account just to love Bitbay what is this about?

I mean, really,  nikey boots? I published my complete plan to introduce ZuttCoin to the world including the natty photo of my uncle holding one, and all you remember is nikey boots?. I'm obviously not working hard enough here...
member
Activity: 85
Merit: 10
OK. Check yourself Deezzy. Cryptsy will trade USD for altcoins, no problem. DeezCoinz dropped over Cyptsy ready to cop some coin. Made the official DeezCoinz account. Gave the wrong state. haha. they took it. I got my CC out and, WUT?, they want my drivers license or passport? I'm too young to drive and can't leave the country either. I CAN'T USE MY $$ without DOXXING myself.

Am I nutz here? Yes

So you are speaking riddles here, you are old enough to own a credit card but not old enough to drive? Doxing yourself to an exchange is not really a massive deal unless you are on the run or some s*&t.

I have a good memory and i remember you telling the thread how you drive your sons to soccer practice and how you buy their nikey boots from ebay so you have confused me to say the least. You created an account just to love Bitbay what is this about?

Hahahahah. Work with me here. Me and any other 15 year old idiot with enough sense to do some BTC, tor network and some crypto shit and I got all the CC I got BTC for. Pick me up some local BTC on the street. Money talks and bullshit walks. On a clear day you can see birds.

Did I really make those statements? I was quoting my mom. Sorry for the confusion. I'm actually one of the sons.

All inanity aside, Let's say I'm willing to dox myself to spend dollars. How does bitbay plug into the USD transactional system?

PS: Next week I might have DeezCoinz T-shirts with my own natty designed logo and shit, on the bay market. Lemme know if you want to be a part of that action.
sr. member
Activity: 252
Merit: 250
www.CloudThink.IO
OK. Check yourself Deezzy. Cryptsy will trade USD for altcoins, no problem. DeezCoinz dropped over Cyptsy ready to cop some coin. Made the official DeezCoinz account. Gave the wrong state. haha. they took it. I got my CC out and, WUT?, they want my drivers license or passport? I'm too young to drive and can't leave the country either. I CAN'T USE MY $$ without DOXXING myself.

Am I nutz here? Yes

So you are speaking riddles here, you are old enough to own a credit card but not old enough to drive? Doxing yourself to an exchange is not really a massive deal unless you are on the run or some s*&t.

I have a good memory and i remember you telling the thread how you drive your sons to soccer practice and how you buy their nikey boots from ebay so you have confused me to say the least. You created an account just to love Bitbay what is this about?
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