and it does it automatic?, will i need to change passwords, will it create new keys?..sorry if these are daft questions but i don't want to feck it all up on the last hurdle.
and a big thumbs up to the bitbay team
Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 34. (Read 542094 times)
January 08, 2020, 02:42:27 PM
I always get a bit panicky when a coin forks, worried i'll lose my stash...so what do i need to do, just click on the update (i have a normal computer windows wallet)
and it does it automatic?, will i need to change passwords, will it create new keys?..sorry if these are daft questions but i don't want to feck it all up on the last hurdle.
and a big thumbs up to the bitbay team
and it does it automatic?, will i need to change passwords, will it create new keys?..sorry if these are daft questions but i don't want to feck it all up on the last hurdle.
and a big thumbs up to the bitbay team
January 07, 2020, 06:09:36 AM
Hello, David, what about WebWallet in Dynamic Peg future? It will work correctly?
I see it as very important to have a high-quality web wallet - it's simple, it's clear for most people, it's our way to mass acceptance.
I see it as very important to have a high-quality web wallet - it's simple, it's clear for most people, it's our way to mass acceptance.
Yes, both the web wallet and a Mac build that doesn't run Wine will be the highest dev priorities aside from maintaining the new build and assisting advising on exchanges and stuff. After that, the only thing left for a completion of everything would be web markets. Still, getting volume into this peg and marketing would be the biggest priority however I agree that without a web wallet it's harder to market to newcomers. And occasionally there will be people who buy and hold and only want to store on web wallet and android.
January 07, 2020, 06:05:03 AM
Hello, David, what about WebWallet in Dynamic Peg future? It will work correctly?
I see it as very important to have a high-quality web wallet - it's simple, it's clear for most people, it's our way to mass acceptance.
I see it as very important to have a high-quality web wallet - it's simple, it's clear for most people, it's our way to mass acceptance.
January 07, 2020, 01:37:09 AM
lol bitcointalk doesn't let me delete a duplicate post... strange. OK well yeah everyone it's what we have all waited for. I expect as close as possible to 100% of the network on the newest builds. The Halo version is 1.38
January 07, 2020, 01:36:41 AM
New build is here:
bithalo.github.io/bithalo/downloads/BitBayLinux.html
bithalo.github.io/bithalo/downloads/BitBayMac.html
bithalo.github.io/bithalo/downloads/BitBayUpdateWin.html
bithalo.github.io/bithalo/downloads/BitBayWin.html
That's the peg build. We will update the links on the main site very soon as well with peg version of QT. I will post again when site is up. I just figure we may as well start migrating everyone to the peg now.
QT links will follow shortly. Please pay attention to this thread in the coming days.
Peg will commence on the 21st so we need everyone updated before then.
Trading on Latoken will probably be a little bit later from that day but I anticipate it's soon because all that is left for them is to finish withdraws and we test withdraws. The trading seemed to work like dynamicpeg although their dev stand is a tedious. Still Craig and Shorn reported the results seemed good. Either way, we have to fork now so we can get started on porting over Blocknet trading as well.
bithalo.github.io/bithalo/downloads/BitBayLinux.html
bithalo.github.io/bithalo/downloads/BitBayMac.html
bithalo.github.io/bithalo/downloads/BitBayUpdateWin.html
bithalo.github.io/bithalo/downloads/BitBayWin.html
That's the peg build. We will update the links on the main site very soon as well with peg version of QT. I will post again when site is up. I just figure we may as well start migrating everyone to the peg now.
QT links will follow shortly. Please pay attention to this thread in the coming days.
Peg will commence on the 21st so we need everyone updated before then.
Trading on Latoken will probably be a little bit later from that day but I anticipate it's soon because all that is left for them is to finish withdraws and we test withdraws. The trading seemed to work like dynamicpeg although their dev stand is a tedious. Still Craig and Shorn reported the results seemed good. Either way, we have to fork now so we can get started on porting over Blocknet trading as well.
January 03, 2020, 04:55:33 AM
Happy Holidays and Happy New Year!
The Game Has Changed. Be Free. Peace.
The Game Has Changed. Be Free. Peace.
December 26, 2019, 01:57:19 AM
Dear devs, how about this exchange: https://twitter.com/VCCExchange
It seems they are friendly to PoS coins, and many are already in the list there: OKCash, NavCoin, NEO, PIVX, ReddCoin, Stratis.
But definitely their list is not full enough without BitBay!
It seems they are friendly to PoS coins, and many are already in the list there: OKCash, NavCoin, NEO, PIVX, ReddCoin, Stratis.
But definitely their list is not full enough without BitBay!
December 21, 2019, 01:37:44 PM
but hard to get liquidity without being listed on an established exchange
We have Latoken and I still am talking to others. It's just a process. Since obviously there is many scam exchanges and this includes "established" ones. However we will fork really soon probably within a month
Thanks for the heads-up. I've pencilled in 17/01/2020 as the day it all happens!!
December 18, 2019, 01:44:29 AM
Some of the top exchanges may be a bit expensive to list. But we definitely have them on our radar.
December 17, 2019, 05:13:33 AM
Some of the top exchanges may be a bit expensive to list. But we definitely have them on our radar.
December 17, 2019, 05:12:16 AM
but hard to get liquidity without being listed on an established exchange
We have Latoken and I still am talking to others. It's just a process. Since obviously there is many scam exchanges and this includes "established" ones. However we will fork really soon probably within a month
December 17, 2019, 02:44:18 AM
but hard to get liquidity without being listed on an established exchange
December 17, 2019, 01:39:09 AM
Good Question.
Answer: We really don't trust many exchanges these days. Also, Bay needs additional programming to run its 1st In The World Dynamic Peg - so every exchange simply cannot do the programming that's necessary to run our unique "Stable Coin" during our early implementation stages.
December 17, 2019, 12:08:22 AM
December 16, 2019, 02:48:29 PM
That's pretty awesome! Are you on the slack? Could we get an invite link posted here?
December 16, 2019, 08:53:55 AM
Update from LAToken on the Peg (copied from Slack Channel):
From latoken:
“Hello, we plan to finish main part tomorrow till the evening, so you can do deposit, make trades, automatically cancel your orders if peg will change and your new balance will be smaller than order amount. Maybe will work withdrawals, but not sure, anyway we can do it fast. So on Monday (or may be tomorrow) i think we can test it and we will do workaround some corner cases.”
From latoken:
“Hello, we plan to finish main part tomorrow till the evening, so you can do deposit, make trades, automatically cancel your orders if peg will change and your new balance will be smaller than order amount. Maybe will work withdrawals, but not sure, anyway we can do it fast. So on Monday (or may be tomorrow) i think we can test it and we will do workaround some corner cases.”
Thanks for posting that, Tradersnow, it is very much appreciated.
If you become aware of any further progress re the peg at Latoken, please do post it here. I only really use this forum for info, not being on Slack, Telegram etc.
Thanks again.
Sure thing, will do!
Also, here is the BAY testnet chart:
https://bitbaymarket.github.io/ratedb-testnet/
Should be interesting to watch this over the next few weeks as they perform test trades etc.
What does the ratedb testnet mean? Is this LAtoken test net?
And what happened to dynamicpeg website? Thanks
Yep that's correct, the ratedb chart is showing the dynamic peg testnet price, which is now running through LAToken's trading engine. Any trading tests that LAToken does should show up as price movements here.
The Dynamic Peg website domain has changed to https://ych.lynxline.com/.
This is where a new exchange is being built/tested for BAY's dynamic peg in addition to it being hosted on LAToken.
December 16, 2019, 03:07:32 AM
Update from LAToken on the Peg (copied from Slack Channel):
From latoken:
“Hello, we plan to finish main part tomorrow till the evening, so you can do deposit, make trades, automatically cancel your orders if peg will change and your new balance will be smaller than order amount. Maybe will work withdrawals, but not sure, anyway we can do it fast. So on Monday (or may be tomorrow) i think we can test it and we will do workaround some corner cases.”
From latoken:
“Hello, we plan to finish main part tomorrow till the evening, so you can do deposit, make trades, automatically cancel your orders if peg will change and your new balance will be smaller than order amount. Maybe will work withdrawals, but not sure, anyway we can do it fast. So on Monday (or may be tomorrow) i think we can test it and we will do workaround some corner cases.”
Thanks for posting that, Tradersnow, it is very much appreciated.
If you become aware of any further progress re the peg at Latoken, please do post it here. I only really use this forum for info, not being on Slack, Telegram etc.
Thanks again.
Sure thing, will do!
Also, here is the BAY testnet chart:
https://bitbaymarket.github.io/ratedb-testnet/
Should be interesting to watch this over the next few weeks as they perform test trades etc.
What does the ratedb testnet mean? Is this LAtoken test net?
And what happened to dynamicpeg website? Thanks
December 11, 2019, 01:12:25 PM
(From D. Zimbeck 10-08-2019 - "*Bay has been around for 5 years, and is one of the most developed projects in the industry. All it takes is for someone to look at github and the 50k lines of original code in Halo to know that. BitHalo and BitBay were the first smart contracts, a year before Ethereum. Although they are different because this project uses double deposit escrow. And that doesn't even get started on the peg.")
So - What is Bit Bay?
(From the BitBay Dynamic Peg Overview)
BitBay is the *World’s first peer-to-peer, decentralized contracting platform.
Everything from household items to real estate have been bought and sold using BitBay’s marketplace, all without any third-party involvement.
We are proud to announce a brand new method of price control for BitBay (BAY), one that has yet to be seen in the stablecoin industry.
It’s called the Dynamic Peg. With this system of liquidity control, BAY now serves as both a store of value, and a medium of exchange for users. It stimulates organic trading volume, increases potential profit for investors, and creates price stability for our p2p marketplace.
It is purely decentralized, non asset-backed and most importantly, a democratic system. The Dynamic Peg reduces volatility, without anchoring the price to any one point. Through a secure Proof of Stake 3.0 voting mechanism, stakers can now collectively adjust the liquidity of BAY’s total supply. This creates three balances for users: Liquid, Reserve and Frozen...
To learn more go to:
https://bitbay.market/downloads/bitbay-dynamic-peg-intro.pdf and https://bitbay.market/decentralized-marketplace
SIDE NOTE:
Not being on major exchanges at this point in time while the peg is being implemented (Exchange(s) that host BAY need to be programmed for it!), might be the best thing that ever happened to BAY. And, for those of us that are early investors, when BAY relaunches on an exchange at $0.20 - BOOM!
All the pain will have been worth it! Cheers!!! - Doc
So - What is Bit Bay?
(From the BitBay Dynamic Peg Overview)
BitBay is the *World’s first peer-to-peer, decentralized contracting platform.
Everything from household items to real estate have been bought and sold using BitBay’s marketplace, all without any third-party involvement.
We are proud to announce a brand new method of price control for BitBay (BAY), one that has yet to be seen in the stablecoin industry.
It’s called the Dynamic Peg. With this system of liquidity control, BAY now serves as both a store of value, and a medium of exchange for users. It stimulates organic trading volume, increases potential profit for investors, and creates price stability for our p2p marketplace.
It is purely decentralized, non asset-backed and most importantly, a democratic system. The Dynamic Peg reduces volatility, without anchoring the price to any one point. Through a secure Proof of Stake 3.0 voting mechanism, stakers can now collectively adjust the liquidity of BAY’s total supply. This creates three balances for users: Liquid, Reserve and Frozen...
To learn more go to:
https://bitbay.market/downloads/bitbay-dynamic-peg-intro.pdf and https://bitbay.market/decentralized-marketplace
SIDE NOTE:
Not being on major exchanges at this point in time while the peg is being implemented (Exchange(s) that host BAY need to be programmed for it!), might be the best thing that ever happened to BAY. And, for those of us that are early investors, when BAY relaunches on an exchange at $0.20 - BOOM!
All the pain will have been worth it! Cheers!!! - Doc
December 07, 2019, 10:55:12 PM
hmm anything supported by well known scammer cryptohunter is suspect. i hope hes not staff here at bitbay? at least i dont see his name on the first page
i like the idea of serverless markets tho
i like the idea of serverless markets tho
In that case you might consider being suspicious of Bitcoin(which probably almost half the coins have been stolen by exchanges) or the USD. Not sure what you are trying to accomplish with a comment like that.
Bay has been around for 5 years, and is one of the most developed projects in the industry. All it takes is for someone to look at github and the 50k lines of original code in Halo to know that. BitHalo and BitBay were the first smart contracts, a year before Ethereum. Although they are different because this project uses double deposit escrow. And that doesn't even get started on the peg.
December 07, 2019, 11:26:20 AM
So the TestNet Floor was increased from 58 to 87, following which the TestNet Rate plummeted from 177 to 17! What's all that about? 
Good question... hard to tell what specific tests they are doing.
The floor price follows behind with a 3-day lag and is based off of an algo.
Also, just got word that BitBay team members are now participating in LAToken's test environment! This is yet another big step towards the Dynamic Peg's initial release! Just have to get this thing thoroughly tested, then it's game time.
Apologies; I have been looking at this the wrong way round!
I imagined the rate followed the floor, but it's actually the other way around, right? And, with a 3-day lag before a response in floor price, this is starting to make some sense now.
Great news that the BAY team are testing at Latoken; that's really made my day!
I am really grateful for your input on this thread re the subject of the peg. It is genuinely very much appreciated. Please keep up the good work.
Do you have any idea what the planned time-scale is for the test phase, or if there is a target date to go live?
No worries at all.
Yep, the floor follows both price of BTC and BAY.
The initial floor, upon peg release, will start at 1/100,000 of BTC's all-time-high which ends up being $.20 USD.
If/when the price of BAY or BTC reaches 3x the initial floor price and stays there for 3 consecutive days, then the floor automatically increases by a factor of 1.5x.
Keep in mind that this floor only effect things if the "Algorithm" voting option wins consensus. Also, good to remember that there are 7 voting sessions per day.
Here is a little animated .gif that illustrates the Algo/Floor movement:
https://imgur.com/a/mBMZv5n
Don't have a specific date for the peg release yet, but we are getting very close now.
Will post the countdown here as soon as one is established.
Thanks for posting the .gif; very informative!!
A start price of $0.20 USD is awesome; I was expecting somewhere around 5-10 cents, and I would have been content with that.
Looking forward to your 'countdown'
. That should be fun.It would be really great if the BAY team//Latoken could get the live peg up and running by 25/12/2019; that would be the best Christmas present I ever had!!
Jump to: