Great news from Shorn regarding the listing on OEX.com.
Really great news.
If one looks at what Tradersnow has written in the past, as well as what Kraterion just posted - you have EXCELLENT basic explanations of the Bay Peg.
Comment on The Current Market:
For those old enough to remember the .com crash of 2000, this Bear Market in the cryptos is very similar.
It's very apparent we have been in a Crypto Crash since Jan 3-6, 2018 and it continues to this day.
I believe cryptos will follow an upward tread that trails the Precious Metals.
Look at the uptick in PM's, starting back in October of 2018.
The US Federal Reserve Note (Global Reserve Currency) and all Sovereign Fiat are under pressure.
Out of this Crypto Crash of 2018, like the .com bubble, the cream will rise to the top and survive. Bay is cream.
If one is paying attention, there has been almost NO movement in the top 20 Wallets or Rich List in Bay over the past 2 years I have been watching it 24/7/365. Interesting.
People underestimate this project. It's also not heavily marketed. Nonetheless, users will no longer be able to crush the market with sell pressure after the peg is implemented. It's an awesome tool. What "Basis" raised 100 million to do, we did for free. We also did it decentralized, community driven, no unsustainable incentives, no custodians, no speculative backing. And yet "Basis" abandons the project and big investors keep giving funds to these projects that promise and don't deliver. When will they start supporting projects that do deliver but don't ask?
I am confident once the web market place is fully functional that this project will start to grab up lots of users. Just trying to ebay anything now from from EU to CAN or US to EU or anything like this they auto add on all the duties and tax even on the shipping the result is a huge huge bill for essentially nothing. Some objects are just not worth it now. Bitbay with zero fees for selling and no paypal fees and no horrendous other charges they are adding now for things that seem to be far more than the actual duties and tax means the margins will be massive on bitbay. We just need it to become 100% easy to use for the most basic of people.
I mean once the market gets populated (metals and expensive objects seem idea for bay where paypal is a big risk for real high value objects) and people start seeing how brilliant this is it will snowball.
I mean I would be in favour of the pegging algo auto aiming for 1 dollar. Just makes it simple for people to use and understand. Also 1B cap seems more than good value compared to other projects for what you get. No hurry to cash out if you support the project anyway. With any kind of adoption that will be small change anyway for this project once it starts rolling. I just hope we can handle fast scaling adoption with no hiccups.
Lots of good money to be made just reshipping ebay stuff or under cutting ebay sellers by huge amounts especially abroad.