Spreading the news about BitBay is really important for growth.
Hopefully our official twitter will become active soon.
https://twitter.com/BitBayProject
Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 375. (Read 542087 times)
December 29, 2014, 10:39:39 AM
December 29, 2014, 10:37:36 AM
Thank for the status updates.
There is no doubt this team is dedicated to progressing this coin.
I saw over on r/bitbay that you are working on email tipping within the wallet.
That feature should be pretty interesting. Looking forward to it.
There is no doubt this team is dedicated to progressing this coin.
I saw over on r/bitbay that you are working on email tipping within the wallet.
That feature should be pretty interesting. Looking forward to it.
December 29, 2014, 07:00:35 AM
By the way not sure if I mentioned this earlier but I DID find a way to test out pegging in Python before forking. It was a really good realization. I realized, I can add the rules needed to peg on the client side directly in the Halo wallet! Granted, only people running the client would follow the rules, but the transaction scripts would be essentially the same as they would when they become hard coded mining rules. This saves me the trouble of building in c++. Then when I finish and prove the concept, my merge into c++ should be much more trivial.
I will think of some ways people can help. Trello was my first attempt. I think it would be good to have a project manager for the bounties and somebody to help manage.
I'm not sure I follow, perhaps I'm a bit thick. By "pegging" we mean that we arbitrarily set the value of bitbay, in this case, to equal the value of some other object? As an example, let's peg bitbay to USD. Let's decide to peg bitbay at USD $0.25, a quarter. What does it mean that you can accomplish that in the wallet? The wallet is simply a container. It doesn't know anything about value. Even if it does transactions, if I buy a glove for 35 bitbay, the wallet doesn't care what value the coins have in USD or BTC or walnuts, it just sends or receives 35 bitbay coins. In order to peg a coin, you must be able to control the value that the coin trades for on the exchanges. You would need a very tight control on the money supply to do that.
Can you please explain to me how you can set the price of a bitbay coin anywhere by doing something in the wallet?
Doing it in the wallet i can force transaction scripts. Its just to prove the concept and then i bring those scripts into c++ as mining rules. Take a look at NuBits and BitUSD all variations on similar themes. The rules will control supply to reflect demand. Lots of people wanted this to be a peg that grows and moves so perhaps we add voting to allow the users to influence market conditions and have a default if no vote is casted.
Basically the rules allow deflation and inflation.
December 28, 2014, 08:19:07 PM
By the way not sure if I mentioned this earlier but I DID find a way to test out pegging in Python before forking. It was a really good realization. I realized, I can add the rules needed to peg on the client side directly in the Halo wallet! Granted, only people running the client would follow the rules, but the transaction scripts would be essentially the same as they would when they become hard coded mining rules. This saves me the trouble of building in c++. Then when I finish and prove the concept, my merge into c++ should be much more trivial.
I will think of some ways people can help. Trello was my first attempt. I think it would be good to have a project manager for the bounties and somebody to help manage.
I'm not sure I follow, perhaps I'm a bit thick. By "pegging" we mean that we arbitrarily set the value of bitbay, in this case, to equal the value of some other object? As an example, let's peg bitbay to USD. Let's decide to peg bitbay at USD $0.25, a quarter. What does it mean that you can accomplish that in the wallet? The wallet is simply a container. It doesn't know anything about value. Even if it does transactions, if I buy a glove for 35 bitbay, the wallet doesn't care what value the coins have in USD or BTC or walnuts, it just sends or receives 35 bitbay coins. In order to peg a coin, you must be able to control the value that the coin trades for on the exchanges. You would need a very tight control on the money supply to do that.
Can you please explain to me how you can set the price of a bitbay coin anywhere by doing something in the wallet?
December 28, 2014, 03:43:55 PM
T- a few days till the next shoe drops.... are you guys ready???
Nobody cares what you say anyway lol.
December 28, 2014, 03:00:22 PM
T- a few days till the next shoe drops.... are you guys ready???
I hope they are alligator skin! 
December 28, 2014, 01:48:46 PM
T- a few days till the next shoe drops.... are you guys ready???
December 28, 2014, 12:51:22 PM
I will think of some ways people can help. Trello was my first attempt. I think it would be good to have a project manager for the bounties and somebody to help manage.
I used Trello when I was involved in the development of another coin, but I must say that I like Slack better to get some community involvement on the rails.It would be nice to have a subdomain like bitbay.slack.com for projects and bounties, I think.
Oh yeah and this:
Quote
Slack is free to use for as long as you want and with an unlimited number of people.
December 28, 2014, 10:13:54 AM
I will think of some ways people can help. Trello was my first attempt. I think it would be good to have a project manager for the bounties and somebody to help manage.
I used Trello when I was involved in the development of another coin, but I must say that I like Slack better to get some community involvement on the rails.It would be nice to have a subdomain like bitbay.slack.com for projects and bounties, I think.
Oh yeah and this:
Quote
Slack is free to use for as long as you want and with an unlimited number of people.
December 28, 2014, 09:01:55 AM
So time for another 3btc did it filled it:)
haha thanks for the support. The bulls shall unite!
yeah bulls unite:)
David i know it's hard to give an ETA in software dev, but do you have something in your mind for an ETA
like days, weeks or months, after the rebrand we got alot of work to do i can support the marketplace by selling stuff with my company
I'm going to try to get something within a month. Of course things do take time and I don't want to rush it either so just please be patient.
No worries, if you need something (besides a superdev), please give a scream or you want to (beta) test the wallet we can help you out. Dont forget hard work always pays off
Thanks for the positivity, its very helpful and motivates me to work.
By the way not sure if I mentioned this earlier but I DID find a way to test out pegging in Python before forking. It was a really good realization. I realized, I can add the rules needed to peg on the client side directly in the Halo wallet! Granted, only people running the client would follow the rules, but the transaction scripts would be essentially the same as they would when they become hard coded mining rules. This saves me the trouble of building in c++. Then when I finish and prove the concept, my merge into c++ should be much more trivial.
I will think of some ways people can help. Trello was my first attempt. I think it would be good to have a project manager for the bounties and somebody to help manage.
December 28, 2014, 08:55:54 AM
Making claims without substantiation is what Bitbay has been about so far. If you own close to 100 mil coins, provide your wallet address and move coins afterwards to prove it.
Actuallly thats not totally true. I supplied all my wallet addresses(even non-bay addresses. Thats more transparent than anything any dev has done before me.
December 28, 2014, 08:49:09 AM
Making claims without substantiation is what Bitbay has been about so far. If you own close to 100 mil coins, provide your wallet address and move coins afterwards to prove it.
BBRU7aDjAzsDPXo6gvKEJJdo34L5sZDAqb
FYI the buywall of 8BTC is mine:), when i am done with that close to 110mil
You can see all my transactions, so now it's your turn..
December 28, 2014, 03:00:11 AM
So time for another 3btc did it filled it:)
haha thanks for the support. The bulls shall unite!
yeah bulls unite:)
David i know it's hard to give an ETA in software dev, but do you have something in your mind for an ETA
like days, weeks or months, after the rebrand we got alot of work to do i can support the marketplace by selling stuff with my company
I'm going to try to get something within a month. Of course things do take time and I don't want to rush it either so just please be patient.
No worries, if you need something (besides a superdev), please give a scream or you want to (beta) test the wallet we can help you out. Dont forget hard work always pays off
December 28, 2014, 02:57:28 AM
So time for another 3btc did it filled it:)
Wow. How many coins do you own now?
Close to 100mil:)
December 28, 2014, 01:55:34 AM
So time for another 3btc did it filled it:)
haha thanks for the support. The bulls shall unite!
yeah bulls unite:)
David i know it's hard to give an ETA in software dev, but do you have something in your mind for an ETA
like days, weeks or months, after the rebrand we got alot of work to do i can support the marketplace by selling stuff with my company
I'm going to try to get something within a month. Of course things do take time and I don't want to rush it either so just please be patient.
December 28, 2014, 12:41:01 AM
https://trello.com/b/LPXE1xtr/bitbay-community-projects-and-bounties
welcome to join our trello bounties.
we will list more bounties later.
Thanks for you support.
welcome to join our trello bounties.
we will list more bounties later.
Thanks for you support.
I don't know how you have planned to organize this, but the only thing I get to see is this:
Quote
Board not found.
This board may be private. If someone gave you this link, they may need to invite you to one of their boards or organizations.
This board may be private. If someone gave you this link, they may need to invite you to one of their boards or organizations.
Sorry for the mistake,we will release a public board later.
December 28, 2014, 12:06:19 AM
So time for another 3btc did it filled it:)
Wow. How many coins do you own now?
December 27, 2014, 10:56:19 AM
So time for another 3btc did it filled it:)
haha thanks for the support. The bulls shall unite!
yeah bulls unite:)
David i know it's hard to give an ETA in software dev, but do you have something in your mind for an ETA
like days, weeks or months, after the rebrand we got alot of work to do i can support the marketplace by selling stuff with my company
December 27, 2014, 09:33:26 AM
So time for another 3btc did it filled it:)
haha thanks for the support. The bulls shall unite!
December 27, 2014, 09:31:58 AM
Hello guys, i hope you all have had super holidays so far 
Managed to pick up some more cheap coins which i can only be thankful for, Thank you dumper i appreciate the Christmas gift.
David and BitbayDev well done sticking around you have showed you mean business and stood your ground for yourself plus investors "Big thumbs up" and i am rooting for ya.
I see same guys who was in from the start so a well done to you to i feel.
Anyway i am back and will be showing my face as much as possible,
Take care and let's have a fab New year!
Managed to pick up some more cheap coins which i can only be thankful for, Thank you dumper i appreciate the Christmas gift.
David and BitbayDev well done sticking around you have showed you mean business and stood your ground for yourself plus investors "Big thumbs up" and i am rooting for ya.
I see same guys who was in from the start so a well done to you to i feel.
Anyway i am back and will be showing my face as much as possible,
Take care and let's have a fab New year!
Thank you buddy. I definitely want to come through and deliver software as promised. When I get hired to do work, I do it. I'm happy Steve is here to support the project too. It was a risk going into it that others may drop out, but its like removing a a few weeds and we are much better off now. And now we can rebrand, wash away the old and make a good coin. I appreciate all of your support and have a wonderful new years.
Jump to: