Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 316. (Read 542094 times)

One reason the price is so low could be that this project doing all it says it will just sounds too good to be true to most.

Also think about this, if you believed in your hear of hearts pegging can work, why on earth would you pump the price and not accumulate if you were a whale?

This coin is already answering most of the problem that is wrong in the crypto world and in commerce . To many this is unbelievable but it will some day feel like something solid , one day they will figure out that this isn't a dream which will make them comfortable, which will fuel them to participate. This isn't vaporware ,you can at the present moment sell something to someone and you don't even need to know him or trust him. This is powerful and this coin stride has just started.

Agree. People are sometimes very dull and not so smart.

Some people want to buy cheap coins? Bitbay is now less than 100 , why not buy?
 

That wise will wait , just lining up for the target.

Thanks. Yeah that sounds like a good idea. Ok well just wait for the next update to do the video so all the templates are complete with bug fixes. I just added some really good inbox management stuff today. Still have a long list of things to do. The next version should be much more commercial.

Yes indeed thanks for you for your contribution to the crypt world. we all are looking forward to the future of this coin and your personal updates. i my self would like to do a demo of how the market is currently work and upload it youtube if that ok with you, plus might make some video about bitbay and it's path.

Hey there guys, so im making lots of updates and wanted to let you all know, if there is anyone who is good with PR or knows bloggers or would like some articles please reach out to me or the slack group.

Mostly, im usually busy coding so i dont have time to leverage my pr contacts. However, it would make sense for someone to reach out to a few bloggers or bitcoin pr news outlets to get some articles on the subject of decentralized servers and markets as well as pegging etc. I can always pay bounties for that as well.

Thanks and hope you all are looking forward to the next round of updates.

Greeting Blumangroup welcome to the Bitbay thread! I see you haven't been here before. Strange first post to write but you are right! We all need to coordinate and organise outselves. Perhaps when we have an official launch date we can then do more percise planning.

Don't be worried about the price of BitBay going lower when nothing is happening think your self lucky you have a chance to get in cheaper again, the development team should make a plan for marketing but they don't really need to start marketing right now imho. Let's have a fully working client and then they should show the world how awesome this really is. I like your idea of attracting Chinese users this would be massive but so would all other countries.

If anyone has some PR contacts, send them my way. Now is a good time to do articles and such while we wait.

Look at the price of bitbay is more and more low, the development team should begin to do marketing. Chinese users are scarce, suggestions on 8btc.com publicity, to attract them to participate.

Damn Loving this coin more and more with every hour!

Thank you for the site to check the graphs out!  as usual you deliver an awesome presentation for the guys who are not quite to your level.. I to had the buy orders at 114 they got filled and now i am going to keep replacing the buy orders as they get filled. As it stands this project is the one i have most faith in at the moment.

We have dipped now but hopefully we find the bottom and i can accumulate more than enough, i had a couple of spare Bitcoin that was doing nothing to exciting so now they are at least getting involved.

Again many thanks for all your advice! I will be watching out for you in future again aha

Awesome news! Twitter is already on top of it! Congrats! Hope this helps pull out some coins off the exchanges so that we can see a better indication of investors on the blockchain explorer    Good work Dev team!

So we've just released a linux version of our QT client. With this we have pc,mac and linux covered with simple staking/sending wallets. Of course the exciting and important thing is our markets client, but this means that until staking is added to that we have options available.

This is tested under Ubuntu, anyone with a very obscure linux setup might want to build their own, which can be done from the source and we will be posting instructions for.

You can grab it here: http://bit.ly/bitbayQTlinux

I dont like basing currencies on trust. If you use a deflation/inflation system like what we are proposing here, it wouldn't be so hard to issue one currency backed by another. Consider that a person could issue "Johncoin" where the guy might issue 1000 coins backed by 1000 dollars. True, it wouldn't have a high marketcap but the concept is to issue coins based on market pegs, contracts or deposits. You should avoid audits at all costs. Youtube videos or "he said/she said" is the thing of the past. We should move to an economy not based on trust since absolute power corrupts.

I could see this working in a bitbay fork or perhaps issued through smart contracts or bonds.

I picked up over 47k yesterday.

I just topped off a mil this morning and I'm holding till i can actually purchase things I want in the markets. I like this project and SDC, also bought a little BLK. I've been studying currency structures since 08 and with the introduction of BTC I see a turn key alternative to the dollar when it crashes. We don't need to fight the FED or government, just ignoring them and using something they can't control is the way out of this debt based slave system. Decentralized free markets will be key.

 I would like to find a coin that allows me to say for example, I have 10 ounces of silver which I want to use to launch a new silver backed crypto coin called S-coin. I can create 311 S-coins, 1 coin per gram peg. I then spend those into my local economy with the stipulation that anyone can come to me with an accumulated amount of S-coin, say 31.1 minimum and they can redeem that crypto for my physical metal. Those 31.1 coins would then be destroyed by the issuer. New coins can always be created and destroyed as the size of the stack changes with physical deposits and redemption's. It would have to be based on trust with maybe a reputation system of the issuer but it could include a way of verifying by way of third party audits or it could even be as simple as posting a youtube video of the stack every week. This would allow that 1 gram of metal to be divided into 100 million pieces, something not possible in the physical world and it would have all the benefits of instant electronic transfer and blockchain accounting of how much of the coin has been created and make sure it matches the latest youtube stack update. These commodity backed coins could be created by companies that actually produce the product they are selling whether it be oil, gold, or beef. And its got to be as easy as creating a craigslist ad or ebay posting. Let me know if you know of one or is this the colored coin idea, could this be incorporated into bitbay somehow??? I thought counterparty was going down this road but I don't know if anything is ready or not