BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 381.

Mig-23

legendary

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Quote from: UNO_owner on December 21, 2014, 12:16:59 AM

I'm so confused.

You guys have already been shown how this was a massive scam from inception.
Smart contracts already exist for both Bitcoin and Blackcoin if that is the sort of thing that interests you.
There are millions upon millions of FREE coins out there that could dump at any time.
David fully admits he is not a cryptocurrency developer. BAY is simply wallet software with a fork of blackcoin and it will never be more.

There was literally zero reason to invest in this coin at IPO unless you thought it was going to pump, but now? I'm not sure why people aren't cutting their losses here. I hope it works out for you.

well,..so let them/us to compete
who will exist
market will tell us

UNO_owner

sr. member

Activity: 299

Merit: 250

I'm so confused.

You guys have already been shown how this was a massive scam from inception.
Smart contracts already exist for both Bitcoin and Blackcoin if that is the sort of thing that interests you.
There are millions upon millions of FREE coins out there that could dump at any time.
David fully admits he is not a cryptocurrency developer. BAY is simply wallet software with a fork of blackcoin and it will never be more.

There was literally zero reason to invest in this coin at IPO unless you thought it was going to pump, but now? I'm not sure why people aren't cutting their losses here. I hope it works out for you.

Kevinrasf

hero member

Activity: 560

Merit: 500

Quote from: DeezCoinz on December 20, 2014, 04:40:29 PM

Quote from: youngmike on December 20, 2014, 02:21:53 PM

Yes real world purposes this coin is different real decentralized central bank resistant

Being bank resistant is also a problem. With coins, I am the banker. I have to keep my money safe. I can't trust it to anyone on the Internet yet. When I can trust an internet entity, they will be trustworthy because there will be regulation and penalties. Where do I store my retirement fund in bitcoin? How do I get interest on the money so it grows? Where will I get a loan to finance a mortgage?

Let me know if I'm going too far off topic.

Thanks,
DeezCoinz

You are asking the right questions.

Many coins bring many new techs, Bitbay will bring an Market that is decentralized.

You get 1 % interest by staking at the moment.

The good side of Internet Anonimity is also its bad side, like scammers etc.

The coin that will fill all your answers will be the perfect coin.

I think for the moment Bitbay is an part of the perfect coin, but has potential to upgrade into more.

DeezCoinz

member

Activity: 85

Merit: 10

Quote from: youngmike on December 20, 2014, 02:21:53 PM

Yes real world purposes this coin is different real decentralized central bank resistant

Being bank resistant is also a problem. With coins, I am the banker. I have to keep my money safe. I can't trust it to anyone on the Internet yet. When I can trust an internet entity, they will be trustworthy because there will be regulation and penalties. Where do I store my retirement fund in bitcoin? How do I get interest on the money so it grows? Where will I get a loan to finance a mortgage?

Let me know if I'm going too far off topic.

Thanks,
DeezCoinz

DeezCoinz

member

Activity: 85

Merit: 10

Quote from: Gizfreak on December 20, 2014, 02:18:34 PM

Quote from: DeezCoinz on December 20, 2014, 01:42:53 PM

Quote from: issie81 on December 20, 2014, 01:25:04 PM

Well we can sell our products on the marketplace, maybe in times there will be APIs ready so we can easily import products from feed.

Import what products, SmartPhones and cigarettes? There are already protocols available, HTTP and SSL that allow me to purchase goods from anyplace in the world with my credit card. As far as APIs and transaction protocols that allow all the credit card processing to occur, I don't know anything about that. I'm a Soccer Mom. I go to Amazon, type Nike Sneakers in the search box, look through the results and press the buy button and get the sneakers my kid wants delivered to my home. For Free, because I bought a Prime account.

Will digital cash make that easier? I'd like that.

Thanks,
DeezCoinz

I can't agree with your vision. I know that e.g. PayPal takes about 4-5% that would be $4-5 per $100.
BitBay sellers would have a better price margin to sell products and if they lower their selling price to give some profit to the buyer, then I would say it's a win/win situation. Wouldn't you?

Thanks for the compliment, but I'm not a visionary. Wink

I buy and use bitcoin because it's fun and for the technology. I trade a few crytocurrencies, less than $150 total, because it's fun, and I just might end up very rich someday. Cheesy

So, I'm down with digital currencies. My wife is the devils advocate. She asks "who would want to use that?" I don't have a good answer. If, because of no interest and no transaction fees, coin based markets could offer across the board lower prices than the competition as you suggest, that would be a good reason to convert. Most tech advances are either completely new ideas or improvements on existing tech. Often the improvements involve ease of use. I don't have a case where any coin based marketplace would be easier to use for most people. Without that there doesn't seem to be any compelling reason to switch.

youngmike

sr. member

Activity: 252

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Yes real world purposes this coin is different real decentralized central bank resistant

Gizfreak

legendary

Activity: 1162

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Allergic to false promises

Quote from: DeezCoinz on December 20, 2014, 01:42:53 PM

Quote from: issie81 on December 20, 2014, 01:25:04 PM

Well we can sell our products on the marketplace, maybe in times there will be APIs ready so we can easily import products from feed.

Import what products, SmartPhones and cigarettes? There are already protocols available, HTTP and SSL that allow me to purchase goods from anyplace in the world with my credit card. As far as APIs and transaction protocols that allow all the credit card processing to occur, I don't know anything about that. I'm a Soccer Mom. I go to Amazon, type Nike Sneakers in the search box, look through the results and press the buy button and get the sneakers my kid wants delivered to my home. For Free, because I bought a Prime account.

Will digital cash make that easier? I'd like that.

Thanks,
DeezCoinz

I can't agree with your vision. I know that e.g. PayPal takes about 4-5% that would be $4-5 per $100.
BitBay sellers would have a better price margin to sell products and if they lower their selling price to give some profit to the buyer, then I would say it's a win/win situation. Wouldn't you?

DeezCoinz

member

Activity: 85

Merit: 10

Quote from: issie81 on December 20, 2014, 01:25:04 PM

Well we can sell our products on the marketplace, maybe in times there will be APIs ready so we can easily import products from feed.

Import what products, SmartPhones and cigarettes? There are already protocols available, HTTP and SSL that allow me to purchase goods from anyplace in the world with my credit card. As far as APIs and transaction protocols that allow all the credit card processing to occur, I don't know anything about that. I'm a Soccer Mom. I go to Amazon, type Nike Sneakers in the search box, look through the results and press the buy button and get the sneakers my kid wants delivered to my home. For Free, because I bought a Prime account.

Will digital cash make that easier? I'd like that.

Thanks,
DeezCoinz

DeezCoinz

member

Activity: 85

Merit: 10

I have a more general question.

Why would I (general purpose consumer, internet savvy) use an "XXXXcoin" based decentralized marketplace instead of amazon or Ebay? I already know how to use ebay, they take my credit card, and I don't care who knows that I buy old radio tubes or comic books.

With cryptocurrency, I have to manage my coins, I need a wallet on my system because I don't trust any online wallet, I have to have 3 copies of my wallet or keys or whatever on different devices every time I make any kind of transaction otherwise I might lose it. I don't feel comfortable keeping $100K on my computer anyway.

Even if every business in the world took bitcoin or XXXcoin I still have to purchase bitcoin with my credit card to use bitcoin, rather than just making the purchase directly with my card.

The only allure of the decentralized marketplace seems to be that it would be "impossible to stop" unlike the Dark Net on Tor which can be broken when the central system for a market is discovered.

It seems like if I don't intend to make illegal purchases or I want to "stick it to the man" there really isn't a mass market allure to digital currency.

What am I missing here?

Thanks,
DeezCoinz

issie81

hero member

Activity: 760

Merit: 500

CryptoZilla

Quote from: DeezCoinz on December 20, 2014, 01:08:51 PM

Quote from: issie81 on December 20, 2014, 01:01:54 PM

Quote from: DeezCoinz on December 20, 2014, 11:52:23 AM

Quote from: issie81 on December 20, 2014, 09:52:52 AM

Setup 5BTC buy for 65 if you want out i am willing to give you a way out:)

You must be affraid of someone who has no fear of loosing:)

Hey Issie81. You said you own tweakers.net, an online marketplace. Instead of buying up all the bitbay with your BTC, wouldn't it be a better idea to accept bitbay as payment on your marketplace? People would become interested in bitbay, they would be useful now, the price would rise and you could still collect them. Sort of like Bitcoin.

Your pal,
DeezCoinz

Noo i did't say that, i own a company respect on Tweakers.net (which is always each year top10 best visited websites in Netherlands)..i own a online webshop (revenue goes up in millions)
we allready accept Bitcoins as payment, so adding bitbay wouldn't be bad at all but there must be a product first.. David is working hard on making this happen. i can only support the coin further more if the product/marketplace is launched, have to think about that because of the shop i can life, drink and eat:)..my investments in Bitbay is something i can miss (always invest money you can miss)

OK. I guess I see. The real value of bitbay will be for using it on the bitbay marketplace. Obviously, why would I buy bitbay with bitcoin to use bitbay at your webshop when I can more easily use bitcoin already. Are you planning to open a shop on the bitbay marketplace? Why would someone go there instead of to your existing webshop?

Thanks.
DeezCoinz

Well we can sell our products on the marketplace, maybe in times there will be APIs ready so we can easily import products from feed.

DeezCoinz

member

Activity: 85

Merit: 10

Quote from: issie81 on December 20, 2014, 01:01:54 PM

Quote from: DeezCoinz on December 20, 2014, 11:52:23 AM

Quote from: issie81 on December 20, 2014, 09:52:52 AM

Setup 5BTC buy for 65 if you want out i am willing to give you a way out:)

You must be affraid of someone who has no fear of loosing:)

Hey Issie81. You said you own tweakers.net, an online marketplace. Instead of buying up all the bitbay with your BTC, wouldn't it be a better idea to accept bitbay as payment on your marketplace? People would become interested in bitbay, they would be useful now, the price would rise and you could still collect them. Sort of like Bitcoin.

Your pal,
DeezCoinz

Noo i did't say that, i own a company respect on Tweakers.net (which is always each year top10 best visited websites in Netherlands)..i own a online webshop (revenue goes up in millions)
we allready accept Bitcoins as payment, so adding bitbay wouldn't be bad at all but there must be a product first.. David is working hard on making this happen. i can only support the coin further more if the product/marketplace is launched, have to think about that because of the shop i can life, drink and eat:)..my investments in Bitbay is something i can miss (always invest money you can miss)

OK. I guess I see. The real value of bitbay will be for using it on the bitbay marketplace. Obviously, why would I buy bitbay with bitcoin to use bitbay at your webshop when I can more easily use bitcoin already. Are you planning to open a shop on the bitbay marketplace? Why would someone go there instead of to your existing webshop?

Thanks.
DeezCoinz

issie81

hero member

Activity: 760

Merit: 500

CryptoZilla

Quote from: DeezCoinz on December 20, 2014, 11:52:23 AM

Quote from: issie81 on December 20, 2014, 09:52:52 AM

Setup 5BTC buy for 65 if you want out i am willing to give you a way out:)

You must be affraid of someone who has no fear of loosing:)

Hey Issie81. You said you own tweakers.net, an online marketplace. Instead of buying up all the bitbay with your BTC, wouldn't it be a better idea to accept bitbay as payment on your marketplace? People would become interested in bitbay, they would be useful now, the price would rise and you could still collect them. Sort of like Bitcoin.

Your pal,
DeezCoinz

Noo i did't say that, i own a company respect on Tweakers.net (which is always each year top10 best visited websites in Netherlands)..i own a online webshop (revenue goes up in millions)
we allready accept Bitcoins as payment, so adding bitbay wouldn't be bad at all but there must be a product first.. David is working hard on making this happen. i can only support the coin further more if the product/marketplace is launched, have to think about that because of the shop i can life, drink and eat:)..my investments in Bitbay is something i can miss (always invest money you can miss)

DeezCoinz

member

Activity: 85

Merit: 10

Quote from: issie81 on December 20, 2014, 09:52:52 AM

Setup 5BTC buy for 65 if you want out i am willing to give you a way out:)

You must be affraid of someone who has no fear of loosing:)

Hey Issie81. You said you own tweakers.net, an online marketplace. Instead of buying up all the bitbay with your BTC, wouldn't it be a better idea to accept bitbay as payment on your marketplace? People would become interested in bitbay, they would be useful now, the price would rise and you could still collect them. Sort of like Bitcoin.

Your pal,
DeezCoinz

gomei

hero member

Activity: 770

Merit: 500

too much ICO,
and the price need long time to recover,I guess.

Gizfreak

legendary

Activity: 1162

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Allergic to false promises

Even Geopay is looking into BitBay Cool

issie81

hero member

Activity: 760

Merit: 500

CryptoZilla

Setup 5BTC buy for 65 if you want out i am willing to give you a way out:)

You must be affraid of someone who has no fear of loosing:)

Gizfreak

legendary

Activity: 1162

Merit: 1000

Allergic to false promises

CCN just joined the Google+ BitBay Community.
Feel free to join us and spread the word of BitBay "new style".

Mig-23

legendary

Activity: 1176

Merit: 1000

@ALTCOINUK
ONCE AGAIN ,.
YOU HAVE OWN THREAD,..
NO NEED TO COME HERE..
IF YOU STILL THE HUMAN,..
BUT I DON'T KNOW HOW YOU ARE
MAYBE KIND OF DEVIL

astrobitcoin

full member

Activity: 134

Merit: 100

Quote from: Gizfreak on December 20, 2014, 08:29:12 AM

Quote from: astrobitcoin on December 20, 2014, 08:07:29 AM

[IDEA]

would it be possible to integrate in the wallet a message board where the members with a "proof of stake" in bitbay can discuss about the project?

[/IDEA]

A chat function like Tox would do fine for me and afaik David is looking into it.

that's cool, didn't know about tox Wink

Gizfreak

legendary

Activity: 1162

Merit: 1000

Allergic to false promises

Quote from: astrobitcoin on December 20, 2014, 08:07:29 AM

[IDEA]

would it be possible to integrate in the wallet a message board where the members with a "proof of stake" in bitbay can discuss about the project?

[/IDEA]

A chat function like Tox would do fine for me and afaik David is looking into it.

Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 381. (Read 542225 times)