Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 346. (Read 542140 times)

I was so confused by this BitBay article:
http://cointelegraph.com/news/112530/there-are-still-millions-of-people-in-poland-who-have-never-heard-of-bitcoin-sylwester-suszek-bitbay

Until I realized that BitBay is also the name of a Polish crypto exchange:
https://bitbay.net/

Thanks a comforting remark !

I'll hold out hope 

If you are alluding to BTER, i think that your BitBay is safe (unless you sold it).

We can always find another exchange to host pegging or even host it in the wallet tradable in NightTrader or something. We will figure it out. Cryptocurrency isnt going anywhere.

Well I *was* excited about it while I had some bay  

Well pegging is definitely the feature im most excited about but the markets come first. But it will be soon just hang in there. Rome wasnt built in a day 

Update...

Coins staking much better now, since 2/16/15 5:45 am USA CST, there's only been about a 10% reject rate in my wallet.

Looking forward to seeing updates to the pegging asap

No problem, take your time. I'm traveling the next few days and usually completely swamped in work so no big deal.

Thank you that really helps. You know what, even if these products arent the ones to make it, all that matters is if the ideas survive. I would rather it get copied by 1000 businesses than it having to be the one. If the idea gets into the world, especially double deposit, we will have won a major victory.

You are welcome. Thanks for the support. The good thing is this is the first time in history open source projects really stand a chance to get noticed. Imagine combining blockchain tech with video games or having stocks that run like crypto assets and pay dividends honestly. The only thing left to do is decentralize everything including farming(spirulina/water from air), manufacturing(3d printed electronics), home building(Compressed earth block machines and 3d printed homes), communication/media(local meshnets), energy(spirulina again, solar and a million other techs), petrol(spirulina again) etc etc

Bitcoin is very destructive to idealists because it draws the wrong kind of attention. The idea of decentralization is not being pushed and instead centralized services and middle men seek to dominate it and already have done so successfully(centralized mining and 3rd party services get 100% of the VC funding). Thats why a lot of people don't like Halo. It gets rid of middle men in a quest to reduce that fat in society.  It also makes deception impossible or very impractical which is not going to be very popular with 50% of society. This same fat that makes people wealthy BUT in the long run makes the majority poor since the resources get abused and people are extracted from. A bottled waters price is determined by the middle men services to get it to you. You in turn pay for everything BUT the water (you pay for the marketing, the lawyers, the branding, the shipping, etc). Excess consumption was never a good idea and its going to take a miracle to have middle men want to disempower themselves.

Imagine how many jobs are completely pointless because they are servicing the middle men. A majority of the jobs we do serve no true function other than sustaining the broken system and support pointless industries only geared at extraction. Even though governments would never admit this or realize it because they are afraid and live in perpetual fear, they actually benefit from cutting down consumption. But they think they have to constantly increase it to obfuscate themselves and control people. If the unnecessary services were eliminated, people could actually live their lives and express their creative potentials and we would advance immensely. Everyone would win. But i think society is heading in the opposite direction and its maybe so difficult to resist the tide.

The problem has and will always be media(not money the problem was never the money, it doesnt even exist). The truth is out there but the only thing that can't be decentralized easily is the voice/media. Anyone that tries will get destroyed. The other  issue is changing the hearts of men. It may never really happen since most people only think in terms of their immediate desires.

Speaking of which, bitcointalk is not a good website anymore because it has become overrun with fake profiles. I think the next bitcointalk should require a bitcoin balance and a valid public key to register. Really, this site should be shut down.

David Zimbeck I always believed in you and never stop. You are very smart and intelligent man with perspective...

Keep up the good work and the results will come...

Your work is timeless and a lot of people do not realize it yet...

 

Thanks for the response. Wish I could help on the dev system, but I'm not of that resource, none the less, I like where this coin is going. I totally agree with your words. 

And I've not responded to your last PM because I'm simply 'overworked' right now and wish to spend a good couple of days to absorb it and hopefully add to it!!

Thanks again for everything!

Hey man, don't beat yourself up over it. So far it's still looking like the thief was only after BTC, but none the less, as the old-timer saying goes, "nothing like bought experience" - meaning, you lose money to learn to never to do that mistake again!

That being said, we have a coin here that can correct the system. Crypto was created in part so that the middle man would be 'out of the picture'.

I've even heard a Cryptsy chat moderator say once, "if a hack hit them, the only thing they could do is 'pull the plug' and hope for the best." I think exchanges will continue to strive, as people are lazy, but for the sake of bringing in the 'high roller' investors, a system needs to be created that is unhackable.
Sure, crypto coin math is flawless, but the people would think they can manage it for you are nothing but potential flaws. Just look at Blackcoin's exco.in! Dumbest human flaw on the  planet, and it was all perpetuated by the 'worry' that if they didn't have the fastest exchange system on the planet, then it wouldn't fly! Guess what - it didn't even take off and probably won't ever now because it's humanly flawed!

With Bitbay smart contract tech, a secure system program can be achieved without the middleman screwing things up (and for a fee to top that).

Its been so long time since i nodded my head, and said "yes" out loud to myself while reading a post around here. Thanks for that moment of clarity.

So so true.

Most devs dont "care" because they aren't devs. All they know how to do is clone a coin and slap a website together and promise you the moon.

There are only about 10-20 serious and devoted devs in crypto. And maybe a lot of them will burn out. Then consider out of them, they are overworked. I know I sure as hell am. Then consider they deal with tremendous pressure! They work on open source so the reward is diminishing if they dont make it and they have to compete with people who are not devs, but only know how to raise funds with vaporware.Then consider how many of those devs are just greedy and their projects need to be equally innovative and creative. If they have no marketing, they also might hit many road blocks. Getting assistance is hard too because most coders dont understand blockchain tech (maybe only so few cryptographers in the world who will work in cryptocurrency).

In a game/business/(all current industry) with a mix of honest people and liars expect the liars to always rise to the top (because they can cheat and you cant). We are in a growing industry so expect this environment to hinge on what I've just said here.

Only the very lucky few honest people make it because their products were powerful enough and didn't get sabotaged. Crypto is not a healthy industry because it revolves around money and thus is currently driven by greed not ideology. This doesnt mean it wont progress though. It will but it will probably end up in the wrong hands.

Hopefully, new people can come into the space and develop but then again with the open source issue they would need some serious motivation. Devs are not fund raisers and fund raisers are not devs.

Dont let this demotivate you, in contrast, it should help you notice the projects that are worth their salt.

Thanks for the response. It's nice to finally be a part of a coin where the dev's care. I'm sure it's a simple tweak.
But if it helps any, I started buying in and staking on the 12th of February, so I've only been staking my coins for about 3 days before this started to happen. I don't know if that helps or not, just stating it for the record.

I keep seeing this, we will need some advice on this. Staking is not something I have worked on on a protocol level. Is it possible there is latency issue that submits them late? I'm going to look for some advice on that issue if anyone has ideas let me know.

If you are using the qt wallet, then it should show after it synchronizes.

If you are using the Halo smart contracting wallet, then wallet.dat does not store your keys. Thats why it has the setup where it makes you start a new multisignature wallet which is stored in two ".private" files which it encourages you to hide in two jpegs. If you want more help on this, please PM me and would be more than happy to walk you through it.

i have my 500k bitbay on bter, so that is really painful for me if i lost my coins,
btw i have learnt lesson never keep your coins on any exchange.

Hi! How i can import my old wallet into this new BitBay Halo stuff... Every time i open it says i have 0 Btbays but i know i have 100 000. Why are they not showing around? Any advice will be more than good. Thanks a lot