Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 40. (Read 542196 times)

If you are worried about the last minute closure of Bittrex you can still send to your receive address at the QT before the sync completes. The funds will show immediately on chainz block explorer and will eventually show once synced. Just always make sure you backup wallet.dat. And remember, your wallet.dat is now located in that data directory you just specified.

Now it seems to be alright.
Just have to add - before datadir as suggested in bitcoinwiki, that was the error.
Hope to get everthing sync in short time now. The deadline from bittrex it's tomorrow.
After I sync the blockchain, I think i create a new receiver address and send my BAY there.
Do I need something else?Like to encrypt the wallet?
What is the rpc password for?
Sorry for all this questions but I am short in time and not very experienced in doing this.
Thanks a lot for your reply.

So it wasn't creating files in the bitbaydata directory? You can see instructions here on bitcoin wiki as well... same logic.
https://en.bitcoin.it/wiki/Data_directory

Please check the directory in K for the files it should be creating. If you run from the console it might give you feedback

Nodes are optional

Let me know if it happens after you double check everything. Here is another example of how to type it...
"C:\Program Files (x86)\Bitcoin\bitcoin-qt.exe" -datadir=d:\BitcoinData

If you build it, they will come......

Thank you, I'll try this.
What is the purpose of adding a node? Is it optional?

Edit: I tried this but the folder is still created in c:
These are my steps, maybe I forget something?

- bitbay folder on my k: drive
- Moved the .exe there and created a .bat file with inside k:\bitbay\bitbay-wallet-qt.exe datadir="k:\bitbay\bitbaydata"
- created a folder bitbaydata with a config file inside:
  server=1
  rpcuser=bitbayrpc
  rpcpassword=mypswrd

-Then I start the bat file and everything seems alright, except the data folder is still created on C:
 Do you have any idea where I am wrong?

I remember when you used to say this project would go nowhere. But did it not go from 100k usd marketcap after Bobsurplus debacle all the way to 500 million? And that was without the peg. If I had not honored the development promises it would not have happened.

(FYI I don't moderate this thread. Recently one of my comments was deleted in response to your older comment so just set the record straight)

You are absolutely right about exchanges. We don't want to depend on exchanges. If we have to go the DEX route we can but I don't like the low volume on DEX. This is like shouting in a crowded grand central station or pissing in the wind. Also consider the marketing at this stage whats the point? We either get somewhere with volume or not. After that then we can market till the cows come home.

I've considered encouraging and advising friends who want to start their own exchanges. If I advise on a multisig exchange then that cuts out almost all security concerns on these turn key exchange mafia theft machines. But still they need to get some volume and users. However consider this peg can do well at low volume. That is precisely what it was designed for!

It bothers me a lot about being at the mercy of central exchanges, they get the volume. If we get censored then what? The peg is a powerful tool even you can't deny that. Look at dynamicpeg.com, the thing tracks frikkin 30 dollars. It started at 20 cents. I'm the first to admit this is only testnet. However I asked the guys to recently sell all testnet coins to simulate our current situation. They dropped the price 99.9%. Then Craig set it to a few hundred dollars an hour buy and within a few days it was up something crazy like 300,000%

So this system can work if it's in the right hands. We have to get on an exchange with traffic. If we get censored it's absolutely not our problem or fault. However you are right and if I have to take it into my own hands I will.

I'm planning to get some income streams on the side building houses. I run a block factory. And yes I see the irony of this. I'm a real life block producer. Satoshi-Block-a-motor. Proof of WORK! They are compressed earth blocks made from dirt. If you are wondering about block time I produce 2 blocks every 7 seconds. If all that works out I can still freelance this. And I'm okay for the long haul I waited 5 years and can wait another 6 months if that's what it takes. I'm sure some of the other investors have seen the harsh reality of a bull market turning into a bubble. But it's not over until you quit.

Yes you can make a .bat file which is just a text file for example "runbitbay.bat" and just have it run BitBay-QT with the parameter datadir="(this is the directory to store data)"

Make sure in windows file explorer you see the full file extension

So for example this is the command you want in your bat file:

d:\bitbay\bitbayqt.exe datadir="d:\bitbay\bitbaydata"

In order to have a data directory there though it will ask for a config file. So in that directory create a file called bitbay.conf
Then enter the following in the text file:

server=1
rpcuser=bitbayrpc
rpcpassword=(make up a password)

If you want to add nodes do as follows:
addnode=104.172.24.79

It is possible to change installation directory for QT wallet? I don't think I have enough space on my C:

lmao. wow... we have a winner here folks.  not sure why the calling out re. personal aspects but whatever, if it makes you feel better re. yourself and Bay.  it shows as very insecure.  but if you want to think i am some 21 year old talking shit from his mom's basement, then feel free lmao.  FYI i have a job and fam and am doing very well for myself now thanks to crypto, it's nice owning a few cars AND a HOME.  

so have a nice life and think outside the box for once aside from just bitBay, just a word of advice is all.  IMO you're on a train to nowhere but whatever, to each their own.  nobody is doubting the dev/tech of bay, but man...the execution (as usual) is not going well at all....failed promises can hurt as we all know.  Even your master dev there said bay is at the mercy of the fucking exchanges to make this peg happen!  man...i would want the power to make shit happen for my coin, NOT some exchange (and this is IF the peg is even successful...you all still don't even know what the result will be lol).  especially with no name exch's run by millenials you mentioned above lol.  not to mention nobody still knows about bay, sooo where's the marketing? lol.  but whatever, hopefully you hit your magic number and get rich from bay and aren't just a bag holder.....good luck with that.

I'm talking to some people who might want me advise them on security of such a thing. However even so, volume is no guarantee. It would have to be at least a multisig exchange. And then somehow it would have to generate some volume.

I have to agree.  This has to be the optimal solution.

All of BAY's problems solved at a stroke.

It really is a no-brainer.   

Regarding Bitker, OEX and others thievery...

The peg is such a game changer and because there is zero regulation, the current exchanges have no need or desire to change the status quo.

Maybe BAY should create its own exchange. We have the dynamic peg test site operating smoothly. We should convert it to an active exchange without the derivative aspect of the criminal exchanges.

Yes this is what happened. That makes two in a row, OEX and Bitker to steal from us. The news doesn't even bother to talk about it anymore too. What a sad state of affairs this world is in.

Bitker seems to be closing,
with many projects being
unable to recover theirs.

Some say their coins have been sold
by Bitker themselves, scamming all.

Maybe better to be cautious,
and check before losing out.

DYOR,
Cheers

The blockchain and all files are local in c:\bitbay or whatever install directory you had. Honestly when I coded it, that made more sense.

There are no orders on the markets mainly because we have been working on the web markets so a lot of users put their orders there. I should actually pull the orders and link the both of them but since the web double deposit does a different protocol from the client which uses bitmessage and different logic to allow web and desktop to do orders is a whole coding task.

Still the markets are perfectly functional. Also it's worth noting if there was any offers they might take an hour upon first install to populate. You can post a custom offer and see it populate pretty quick. Remember it's completely decentralized like TOR.

And most importantly, your keys are not wallet.dat for the markets software (but for the QT it is standard of course). They are the two private keys you created upon setup. This is much more secure because it's multisig, the keys can be in different locations, the files are static and cannot be corrupted. However remember you must backup BOTH key files. If for example you named them the default key1.private and key2.private then those must be saved. Notice they also have accompanying "share" files for things like public key encryption and joint accounts. Those are key1.share and key2.share.

@ (tiny) Piston Honda - What have you ever tried to accomplish in your life, loser?
Why don't you tell us what you do for a living/education/accomplishments??

Me personally - I'm a Medical Doc (M.D.), Active 1st Responder and Contractor; and I have patents issued all over the planet and run 3 International companies. And, I will support the Bay Team until the end. I'm not a quitter (like you) and neither is D. Zimbeck.

So, what have you done to further mankind Piston?
BTW... Honda's have very small/tiny pistons.  

Critics like you are demons who have never done anything unique or different.
You're most likely one of these millennial's who still live at home suckin' on Momma and Daddy's teats.
I am quite sure you are "special" - get a job, loser.  LOL  

Hello.

I have installed the halo market client I have synced the blockchain.
Why I do not see any offers in that market list?
Do I need to make any additional configurations to see the market listings or open any ports on the router?

Another question:

Where is the database (blockchain stored)

I see the directory "~/BitBay/bitbaydata/" is this where the blockchain is stored?
In case I want to install the client also  on another machine is it enough to copy that folder and the keys from the "~/BitBay/" directory
so that I do not need to sync from 0?

Thanks.

The most secure market is the Markets Wallet AKA the Halo client. It's two keys multisignature with options like being able to spend from two computers and store keys in separate locations. That wallet also has the decentralized markets and unbreakable contracts (two-party escrow).  QT is also a popular option. We also have our web wallet. Regardless of the method used you must always have multiple backups of your keys.

you can download any of the wallets at bitbay.market

Which is the best place to store BAY out of Bittrex actually?
Is there any secure market or wallet?