BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 35.

dzimbeck

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Quote from: erbion on December 07, 2019, 09:49:40 AM

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

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.

CRYPTONAIRE

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Quote from: tradersnow on December 06, 2019, 12:56:58 PM

Quote from: CRYPTONAIRE on December 06, 2019, 09:26:38 AM

Quote from: tradersnow on December 06, 2019, 08:15:25 AM

Quote from: CRYPTONAIRE on December 05, 2019, 09:11:58 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? Shocked

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?

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. Cool

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' Cheesy

. 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!! Grin

erbion

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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

tradersnow

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Quote from: CRYPTONAIRE on December 06, 2019, 09:26:38 AM

Quote from: tradersnow on December 06, 2019, 08:15:25 AM

Quote from: CRYPTONAIRE on December 05, 2019, 09:11:58 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? Shocked

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?

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. Cool

Will post the countdown here as soon as one is established.

CRYPTONAIRE

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Quote from: tradersnow on December 06, 2019, 08:15:25 AM

Quote from: CRYPTONAIRE on December 05, 2019, 09:11:58 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? Shocked

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?

tradersnow

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Activity: 90

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Quote from: CRYPTONAIRE on December 05, 2019, 09:11:58 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? Shocked

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.

CRYPTONAIRE

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Activity: 527

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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

tradersnow

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Quote from: CRYPTONAIRE on December 02, 2019, 09:56:09 AM

@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

CRYPTONAIRE

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@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?

tradersnow

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Quote from: CRYPTONAIRE on December 01, 2019, 01:10:37 PM

Quote from: tradersnow on November 30, 2019, 09:10:42 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.”

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.

CRYPTONAIRE

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Quote from: tradersnow on November 30, 2019, 09:10:42 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.”

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.

tradersnow

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

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Quote from: hopenotlate on November 28, 2019, 04:11:41 PM

Quote from: cryptohunter on November 28, 2019, 11:20:43 AM

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

.

Restarting it from scratch worked ut smoothly and quite quickly : everything is up and running now.

Thanks for your advice cryptohunter.

dzimbeck

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Quote from: cryptohunter on November 28, 2019, 11:20:43 AM

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.

hopenotlate

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Quote from: cryptohunter on November 28, 2019, 11:20:43 AM

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

.

cryptohunter

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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.

dzimbeck

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Quote from: hopenotlate on November 27, 2019, 02:28:46 AM

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.

hopenotlate

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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

dzimbeck

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.

BitBayDoc

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@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

Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 35. (Read 542140 times)