Pages:
Author

Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 35. (Read 542037 times)

sr. member
Activity: 527
Merit: 251
Quality Crypto Collector
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?   Shocked Huh

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!   Tongue

 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.  Cheesy

Great news that the BAY team are testing at Latoken; that's really made my day!   Grin

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.   Kiss

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?

jr. member
Activity: 90
Merit: 3
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?   Shocked Huh

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.

sr. member
Activity: 527
Merit: 251
Quality Crypto Collector
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?   Shocked Huh
jr. member
Activity: 90
Merit: 3
@tradersnow

Thanks for posting the testnet chart.  I'll certainly be keeping a close eye on it.  

It looks as though there is test trades data on there for the last two weeks.  Is that right?  



That is correct, the chart is fixed at a 2-week time scale. Looks like they pumped the testnet price to $177 per BAY last night!  Shocked
sr. member
Activity: 527
Merit: 251
Quality Crypto Collector
@tradersnow

Thanks for posting the testnet chart.  I'll certainly be keeping a close eye on it. 

It looks as though there is test trades data on there for the last two weeks.  Is that right? 

jr. member
Activity: 90
Merit: 3
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.”


 Cool



Thanks for posting that, Tradersnow, it is very much appreciated.  Kiss

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.
sr. member
Activity: 527
Merit: 251
Quality Crypto Collector
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.”


 Cool



Thanks for posting that, Tradersnow, it is very much appreciated.  Kiss

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.
jr. member
Activity: 90
Merit: 3
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.”


 Cool

legendary
Activity: 3402
Merit: 1227
Top Crypto Casino
Seems strange so many people have issues syncing up bitbay. I  came back and started up a new one from scratch immediately with zero issues pretty fast.

I wonder what is stopping some get connections.



Erased everything except for wallet.dat and started it again from the start: seems like eveything is going in the right direction but I still miss last year of transaction. Let's hope tomorrow my morning coffe will be served with full synched bitbay wallet  Smiley.
Restarting it from scratch worked ut smoothly and quite quickly : everything is up and running now.

Thanks for your advice cryptohunter.
legendary
Activity: 2412
Merit: 1044
Seems strange so many people have issues syncing up bitbay. I  came back and started up a new one from scratch immediately with zero issues pretty fast.

I wonder what is stopping some get connections.





Seed nodes were down, so then a couple people got out of sync. That's why, things seem okay now.
legendary
Activity: 3402
Merit: 1227
Top Crypto Casino
Seems strange so many people have issues syncing up bitbay. I  came back and started up a new one from scratch immediately with zero issues pretty fast.

I wonder what is stopping some get connections.



Erased everything except for wallet.dat and started it again from the start: seems like eveything is going in the right direction but I still miss last year of transaction. Let's hope tomorrow my morning coffe will be served with full synched bitbay wallet  Smiley.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
Seems strange so many people have issues syncing up bitbay. I  came back and started up a new one from scratch immediately with zero issues pretty fast.

I wonder what is stopping some get connections.



legendary
Activity: 2412
Merit: 1044
Again my wallet is not sycnhing  Undecided :  but this time I have 2 active connections to network ( last time I had none) but my QT wallet v 2.1.1 is stuck at block 2385063 since 23 hours ago.

Last few lines of debug file shows

Code:
ProcessBlock: ORPHAN BLOCK 751, prev=1d1773d0a2d99aee6118cdf594e790f12cd9ff31789a37be8773eafc4adc3555
ProcessBlock: ORPHAN BLOCK 751, prev=9812e49856020693f809479377a4cac1635f14f8ee5635663d11cb93ba7cecd2
ProcessBlock: ORPHAN BLOCK 751, prev=ef596acf6924a6725def4f3cdd99f627a3c43b13004f0c3cf06cb5bf036584d8
ProcessBlock: ORPHAN BLOCK 751, prev=335a324cb334520b9ead1cfc2df0d67ac948df325f929e5b1a0064c2a925acf5
ProcessBlock: ORPHAN BLOCK 751, prev=22d35766174610b41910190226a649ce9a7d8e6e0d9bd33b328ba9d30df90ca3
ProcessBlock: ORPHAN BLOCK 751, prev=8da658062f1da831875412e07628a74575d706bd98fd1e85c27684a7b4641821
ProcessBlock: ORPHAN BLOCK 751, prev=999ad3fb37d9971021c144ea77bb8fd192e785461cd7a4c0d10e8bdd4c9182a1
ProcessBlock: ORPHAN BLOCK 751, prev=f74e21313a29de8d58e2037375dccab657c825867400d965178b7d5e66976f41
ProcessBlock: ORPHAN BLOCK 751, prev=c4abe82f8d394e841b05f2d97b1ca1d00a092a2b57e8c7d26eccecb1ecdabafa
ERROR: CheckProofOfStake() : INFO: read txPrev failed
ERROR: AcceptBlock() : check proof-of-stake failed for block 4e7e443170d3b0cb356a4b5d8b250e547bdc925ec4674ecf9f0dfb36a6a83d92
ERROR: ProcessBlock() : AcceptBlock FAILED
ProcessBlock: ORPHAN BLOCK 751, prev=7ed0634a98bd82ff58c312a443b3267bcb38762a8593fa5a9f4c7572ade46da3
ProcessBlock: ORPHAN BLOCK 751, prev=498ecbdf7eb6871d437d5a397e68aea1098a87c18c71fc68ffbf42807d4e50f4
ProcessBlock: ORPHAN BLOCK 751, prev=86a3b624e3b7c95e56d4eeba57dbe70c18139aaac19cf814520289a5fbb19143
ProcessBlock: ORPHAN BLOCK 751, prev=eb33cf2e2d99a41be1987a5acb5ab19a3d896060a4068a32aec6d07663ecb82d
ProcessBlock: ORPHAN BLOCK 751, prev=d0b3de967ecf935959dd2150ca9727e9d33649e7f15812f59e21ca0de230fe79
ProcessBlock: ORPHAN BLOCK 751, prev=c74d746981229694e0812e01334224c808649e747937f52219ebae76751fb973
ProcessBlock: ORPHAN BLOCK 751, prev=8eaf2f845a2ad7100757088fae859a77e37de4618aa9776f93abce7fb91d3de6
ProcessBlock: ORPHAN BLOCK 751, prev=46e2827f220e88141c4f0d6e71bd951e22637f6548c0dd617821338e0be51e96
ProcessBlock: ORPHAN BLOCK 751, prev=12088d8353e7189a39a54aee68d60f805c02384b8ea6fca9529b8b180532ad1b
ProcessBlock: ORPHAN BLOCK 751, prev=01e65b05ed20de9aa1fb90cfc5f8e598e14fdacfd25cf5b5471f0f42bdb8326d
ProcessBlock: ORPHAN BLOCK 751, prev=40bf7a36604dd2befeb70be97dcc2829193fa1d0b86ee5ffdb5030f5847b55b6


Any clue on what's wrong this time?
Thanks in advance for your help


Try to resync from scratch. Of course have everything backed up. Also make sure the config file has all the nodes from chainz.
legendary
Activity: 3402
Merit: 1227
Top Crypto Casino
Again my wallet is not sycnhing  Undecided :  but this time I have 2 active connections to network ( last time I had none) but my QT wallet v 2.1.1 is stuck at block 2385063 since 23 hours ago.

Last few lines of debug file shows

Code:
ProcessBlock: ORPHAN BLOCK 751, prev=1d1773d0a2d99aee6118cdf594e790f12cd9ff31789a37be8773eafc4adc3555
ProcessBlock: ORPHAN BLOCK 751, prev=9812e49856020693f809479377a4cac1635f14f8ee5635663d11cb93ba7cecd2
ProcessBlock: ORPHAN BLOCK 751, prev=ef596acf6924a6725def4f3cdd99f627a3c43b13004f0c3cf06cb5bf036584d8
ProcessBlock: ORPHAN BLOCK 751, prev=335a324cb334520b9ead1cfc2df0d67ac948df325f929e5b1a0064c2a925acf5
ProcessBlock: ORPHAN BLOCK 751, prev=22d35766174610b41910190226a649ce9a7d8e6e0d9bd33b328ba9d30df90ca3
ProcessBlock: ORPHAN BLOCK 751, prev=8da658062f1da831875412e07628a74575d706bd98fd1e85c27684a7b4641821
ProcessBlock: ORPHAN BLOCK 751, prev=999ad3fb37d9971021c144ea77bb8fd192e785461cd7a4c0d10e8bdd4c9182a1
ProcessBlock: ORPHAN BLOCK 751, prev=f74e21313a29de8d58e2037375dccab657c825867400d965178b7d5e66976f41
ProcessBlock: ORPHAN BLOCK 751, prev=c4abe82f8d394e841b05f2d97b1ca1d00a092a2b57e8c7d26eccecb1ecdabafa
ERROR: CheckProofOfStake() : INFO: read txPrev failed
ERROR: AcceptBlock() : check proof-of-stake failed for block 4e7e443170d3b0cb356a4b5d8b250e547bdc925ec4674ecf9f0dfb36a6a83d92
ERROR: ProcessBlock() : AcceptBlock FAILED
ProcessBlock: ORPHAN BLOCK 751, prev=7ed0634a98bd82ff58c312a443b3267bcb38762a8593fa5a9f4c7572ade46da3
ProcessBlock: ORPHAN BLOCK 751, prev=498ecbdf7eb6871d437d5a397e68aea1098a87c18c71fc68ffbf42807d4e50f4
ProcessBlock: ORPHAN BLOCK 751, prev=86a3b624e3b7c95e56d4eeba57dbe70c18139aaac19cf814520289a5fbb19143
ProcessBlock: ORPHAN BLOCK 751, prev=eb33cf2e2d99a41be1987a5acb5ab19a3d896060a4068a32aec6d07663ecb82d
ProcessBlock: ORPHAN BLOCK 751, prev=d0b3de967ecf935959dd2150ca9727e9d33649e7f15812f59e21ca0de230fe79
ProcessBlock: ORPHAN BLOCK 751, prev=c74d746981229694e0812e01334224c808649e747937f52219ebae76751fb973
ProcessBlock: ORPHAN BLOCK 751, prev=8eaf2f845a2ad7100757088fae859a77e37de4618aa9776f93abce7fb91d3de6
ProcessBlock: ORPHAN BLOCK 751, prev=46e2827f220e88141c4f0d6e71bd951e22637f6548c0dd617821338e0be51e96
ProcessBlock: ORPHAN BLOCK 751, prev=12088d8353e7189a39a54aee68d60f805c02384b8ea6fca9529b8b180532ad1b
ProcessBlock: ORPHAN BLOCK 751, prev=01e65b05ed20de9aa1fb90cfc5f8e598e14fdacfd25cf5b5471f0f42bdb8326d
ProcessBlock: ORPHAN BLOCK 751, prev=40bf7a36604dd2befeb70be97dcc2829193fa1d0b86ee5ffdb5030f5847b55b6


Any clue on what's wrong this time?
Thanks in advance for your help
legendary
Activity: 2412
Merit: 1044
Doc I think Cryptohunter doesn't have my number but it's a good idea for the community to collaborate IMHO.

As for Latoken they said they were only pushed back a week, I will ask for an update.
jr. member
Activity: 193
Merit: 3
@cryptonaire - I don't think Bay is operating on Latoken's test environment yet.
It's in the process... God only knows if they will honor their commitment.
We shall see.

In the meantime... @crypt - we should talk. Do you know how to contact David?
If you do, can you ask him to give me your number and he can pass it to me.
I think we have much in common; and both seek to have BAY succeed in the long run.
Thanks

sr. member
Activity: 527
Merit: 251
Quality Crypto Collector
Is BAY operating on Latoken's test environment yet?  Has Latoken not got back to us yet to confirm this?
legendary
Activity: 3402
Merit: 1227
Top Crypto Casino
I think the reason some people didn't get a connection was some seed nodes went offline.

Is there any workaround for this?

I copied the node list here https://chainz.cryptoid.info/bay/#!network selecting the one related to my wallet version , that is qt 2.1.1., but it didn't work.  Undecided

Also, just to clear the field from possible mistakes, may someone please post here, or pm me, the correct syntax of those few lines of text to be typed into .conf file right above the node list?

Our seed nodes were down, so maybe that's why. You should restart the client. You can also PM me the config file and debug.log as well. Worst case scenario you should just delete the peers.dat(after making a copy) and let it build that again.

Confirming everything is back up and running smoothly :  I just updated node list in configuration file restarted the client and in minutes it shynched back; didn't even need to delete peeer.dat file.

Thanks for being helpful , really appreciated

Only issue, if we can consider it such, is the number of active connections to Bitbay network that I never manage to get over 3; but until everything it up and running it's fine.
legendary
Activity: 2412
Merit: 1044
Most of the team is not active. Only myself, Yshurik, Craig, Alec as the most active members. Others do participate when they can so just know I do notice and appreciate the contributions of each community member. This does not mean work isn't getting done as right now I'm updating Halo and writing some pseudocode for multisig exchange consulting.

As for the donation, the new QT comes with it built in but it is not hard coded as a blockchain rule. Like I was saying it's like a snake eating it's own tail. We are not short on BAY for paying people, we are short on liquidity for them to cash it out. So better off to spend on airdrops, promotion and market growth. We are patient, we can still survive this bear market. What people will see when the smoke clears is who is still standing. As we are liked by the hard core decentralized devs, cryptoanarchists, freedom lovers, Komodo and Blocknet we can still keep a huge following in the groups that saw Bitcoin for what it was really worth. Promotion will be key now that we have the product, let's see if the exchange will give us a test environment this month.

Okay cool, well so long as we have bay there for promotions I guess it does not matter where it comes from. I was just thinking it would have been best if everyone was contributing to bay to the pot that we use for airdrops and competitions.

We really need to educate people so that they are not wishing to immediately dump bitbay for fiat or btc at these misery levels

Are LA token really solid enough for us to switch on the pegging? I mean unless the other exchange we have now ( the only one CMC is listing) will implement the pegging also will we not have to lose that listing?

Maybe better to just get listed on LA token without the peg first? see how they go or we could end up with no exchanges right?

Why is blocknet not listed on cmc, not the project but their exchange listings volume for other alts?

They must have the required volume by now.

Still I think most people will agree unless we are controlling our own exchange (even super basic like btc/ltc /bay only) and have control over our own CMC listing and something to keep the peg rolling if others boot us then we are always vulnerable.  Just some kind super basis on/off ramp to btc or ltc that can reach the CMC listing threshold in volume even with our annoying churners that love bitbay would be cool.

Shame binance were not interested in REAL projects.

Would love to see a competition running on this board for the best items listed for sale on bitbay web market place getting prizes in bitbay (once we have some sensible volume). Or even just some nice banner for sigs and avatars competition paid in bitbay... or well ...there are a ton of things we could get people involved with.

Cryptobridge does not seem too bad? what have they said about implementing the peg? would be nice to have a few listing with the peg until we get our own stable and fully 3rd party proof exchange.





Well once we get on Latoken or another exchange to get some volume it can hopefully fund more exchanges. Cryptobridge will not be worth adding the peg because they have their own token that is issued on Bitshares so the logistics of enforcing our liquidity system would not work with them. However Blocknet and Komodo we can make code for them. Current priority is get listed and get the party started and work on advising exchanges.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
Most of the team is not active. Only myself, Yshurik, Craig, Alec as the most active members. Others do participate when they can so just know I do notice and appreciate the contributions of each community member. This does not mean work isn't getting done as right now I'm updating Halo and writing some pseudocode for multisig exchange consulting.

As for the donation, the new QT comes with it built in but it is not hard coded as a blockchain rule. Like I was saying it's like a snake eating it's own tail. We are not short on BAY for paying people, we are short on liquidity for them to cash it out. So better off to spend on airdrops, promotion and market growth. We are patient, we can still survive this bear market. What people will see when the smoke clears is who is still standing. As we are liked by the hard core decentralized devs, cryptoanarchists, freedom lovers, Komodo and Blocknet we can still keep a huge following in the groups that saw Bitcoin for what it was really worth. Promotion will be key now that we have the product, let's see if the exchange will give us a test environment this month.

Okay cool, well so long as we have bay there for promotions I guess it does not matter where it comes from. I was just thinking it would have been best if everyone was contributing to bay to the pot that we use for airdrops and competitions.

We really need to educate people so that they are not wishing to immediately dump bitbay for fiat or btc at these misery levels

Are LA token really solid enough for us to switch on the pegging? I mean unless the other exchange we have now ( the only one CMC is listing) will implement the pegging also will we not have to lose that listing?

Maybe better to just get listed on LA token without the peg first? see how they go or we could end up with no exchanges right?

Why is blocknet not listed on cmc, not the project but their exchange listings volume for other alts?

They must have the required volume by now.

Still I think most people will agree unless we are controlling our own exchange (even super basic like btc/ltc /bay only) and have control over our own CMC listing and something to keep the peg rolling if others boot us then we are always vulnerable.  Just some kind super basis on/off ramp to btc or ltc that can reach the CMC listing threshold in volume even with our annoying churners that love bitbay would be cool.

Shame binance were not interested in REAL projects.

Would love to see a competition running on this board for the best items listed for sale on bitbay web market place getting prizes in bitbay (once we have some sensible volume). Or even just some nice banner for sigs and avatars competition paid in bitbay... or well ...there are a ton of things we could get people involved with.

Cryptobridge does not seem too bad? what have they said about implementing the peg? would be nice to have a few listing with the peg until we get our own stable and fully 3rd party proof exchange.



Pages:
Jump to: