Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 32. (Read 542037 times)

Thats possible, our chain has gotten pretty large. As long as the number of blocks keeps increasing it's fine. I know the team is updating the bootstrap but not sure when.

Im doing a resync and its going really slowly over an hour and still at 2%..I added the new nodes to the conf file (must you delete the old ones?) from chainz website.
Anything else I could do...or is this normal.

Sorry for noobr question : may someone please provide me an advice regarding the bolded part?

-snip

Just updated my QT wallet to v. 3.0.0 and it litterally took less than 5 minutes ( wallet.dat back up included).
How can I check if I'm on the correct chain and not on a fork of it?

ok...last question, I hope.......do I need to do a rescan?..........it seems to be stuck at 99%...I'm going to turn it off and on again, that's always a winner.

quick question, I ran the update file from the link David posted previously everything went well but know its saying there's another Halo update.
Should I do the same procedure as last time re-naming the wallet to original etc or something else....cheers

Thanks for getting back to me bro. I just downloaded and installed the new QT on Linux and it seems was a perfect transition, I see all my coins already and it's in sync instantly, my question is there any thing else I need to do or is the new wallet enough?

Any plans to release sources for 3.0?

We don't have any exchanges for now. Latoken will integrate shortly after our fork and then we will try to update Blocknet for the peg. However for now trading should be over the counter.

As for the wallet choice both the Markets Wallet and QT are good options. Just depends on if you want the higher security and decentralized markets or if you want a light weight wallet to visualize the peg. I'm happy with both products.

What is the best exchange to use for the update to new wallet?

ok done it, update went very smoothly. The rescan only needed roughly 30 minutes.
Hopefully that's normal..and all my coins are liquid, i did have a few in reserve to start with but now they are all liquid.
Once again I hope that's all normal...thanks for all the help and holding my hand through this process.

Why would I emulate Steve Jobs? I would rather be an original than a copy. And besides, I don't see too many billionaires fighting for peoples freedoms.

It's redundant to say a coin needs liquidity (demand). Even if the peg can force price by controlling supply that only solves one of the two factors of value...
Supply and demand

Demand is the kind of thing that if you want the masses in, you need to do certain things to get their attention. And this has been mentioned on the forums over and over again.
However just so you know, the demand and supply will probably be very close in harmony. Thus if volume drops and demand drops then supply will probably drop to meet it in order to hold whatever price the community considers the floor.

Granted we think demand will come with the comfort of knowing the peg is not collateralized and then as they see the price stability and growth they will come. But unlike other developers I try my best to let the code speak for itself. If you want to buy dreams there is tons of vaporware on coinmarketcap I can recommend for you.  

And yeah as for news articles and bots and conferences and stuff sure that's a great idea. But first lets launch this thing! We are planning a fork within a week or two. So you will see periodic updates making sure everyone ports over.