BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 54.

dzimbeck

legendary

Activity: 2412

Merit: 1044

Quote from: raisinbran on January 02, 2019, 07:51:23 AM

Much obliged.

BitHalo has no server. Neither does Bitbay. The software is decentralized P2P run on top of Bitmessage. The contracts are double deposit escrow so nothing is
hosted and it's not possible to defraud the counter-party. The code is Python 2.7 and I didn't upgrade to Python 3 but that would be possible to do. It wasn't
necessary. It does work on Linux and Mac. There is something with Linux that seems to be an update or something that doesn't work with Pyelliptic so maybe that package should be updated with the newer version of Bitmessage.

raisinbran

jr. member

Activity: 64

Merit: 2

Much obliged.

tradersnow

jr. member

Activity: 90

Merit: 3

Quote from: raisinbran on January 01, 2019, 04:16:11 PM

Quote from: tradersnow on January 01, 2019, 02:37:46 PM

Quote from: raisinbran on January 01, 2019, 01:08:44 PM

How is WebHalo coming along?

The dev team is currently working on integrating DDE into the Web Marketplace

I thought (no expert here) that DDE is MS specific. How can DDE help Linux or iOS?

This is just nerd speak, no criticisms from me on an area I know absolutely nothing about.

I took a look at BitHalo. It's all in Py2.7. I would have broken it into separate client and server directories on the same box with something generic like pipes or semaphores for message passing.
After the whole thing was working on the same box I would have rewritten the client Py2.7 to Py3.7.
After the Py3.7 was working under Qt, I would have made raw DOM calls.
Then I would have passed it through Transcrypt to generate JS.

The client side could have stayed Py2.7 but with a speed-up like Cython or pypy.

Repeat, I don't know squat about what you're doing, just curious.

Thanks for your time.

Apologies for the confusion.
BitBay's Double Deposit Escrow (DDE) is an entirely different animal than MS Dynamic Data Exchange, which I assume you're referring to?

The Double Deposit Escrow used in BitBay's smart contracts is a process where both the buyer and seller can secure their deal without any third party involvement. It runs through the client (and soon the beta Web Marketplace), on Win, OSX, and Linux.

You can read more about BitBay's DDE here:
https://bitbay.market/blog/double-deposit-escrow
https://bitbay.market/double-deposit-escrow

As for BitHalo's (now BitBay) code methodology, might have to wait on David or one of the devs to respond to that one, as that's beyond my scope of knowledge.

raisinbran

jr. member

Activity: 64

Merit: 2

Quote from: tradersnow on January 01, 2019, 02:37:46 PM

Quote from: raisinbran on January 01, 2019, 01:08:44 PM

How is WebHalo coming along?

The dev team is currently working on integrating DDE into the Web Marketplace

I thought (no expert here) that DDE is MS specific. How can DDE help Linux or iOS?

This is just nerd speak, no criticisms from me on an area I know absolutely nothing about.

I took a look at BitHalo. It's all in Py2.7. I would have broken it into separate client and server directories on the same box with something generic like pipes or semaphores for message passing.
After the whole thing was working on the same box I would have rewritten the client Py2.7 to Py3.7.
After the Py3.7 was working under Qt, I would have made raw DOM calls.
Then I would have passed it through Transcrypt to generate JS.

The client side could have stayed Py2.7 but with a speed-up like Cython or pypy.

Repeat, I don't know squat about what you're doing, just curious.

Thanks for your time.

tradersnow

jr. member

Activity: 90

Merit: 3

Quote from: raisinbran on January 01, 2019, 01:08:44 PM

How is WebHalo coming along?

It is coming along great. The dev team is currently working on integrating DDE into the Web Marketplace, which will be yet another huge milestone for BitBay.
Once released, it will be the first web-based decentralized marketplace in existence, and will be accessible to everyone on any device.

You can read more about it here, in BitBay's most recent blog post:
https://medium.com/@bitbay/bitbay-in-2018-our-strongest-year-yet-34f2be94dab9

raisinbran

jr. member

Activity: 64

Merit: 2

How is WebHalo coming along?

dzimbeck

legendary

Activity: 2412

Merit: 1044

There was no regulation that effected Basis in my opinion. It seemed like an excuse or an exit strategy. They got paid to have an idea and I'm guessing the refund wasn't worth it to investors.

Yeah as mentioned above, the system created in Bitbay is purely automated. Unlike other proposals, the freezing of coins is involuntary and therefore doesn't require incentives to maintain that would inflate the system or unfairly dilute or enrich users. Because the supply is dynamic, it can be experimented with. Users can choose to back the coin or not, to choose a fixed price or a moving peg price. Also because of all of this it's not volatile to regulation or loss of banking relationships because it's purely based on programming and not actions from anyone in the outside world.

tradersnow

jr. member

Activity: 90

Merit: 3

Quote from: freigeist on December 29, 2018, 01:18:45 PM

Regarding the PEG there some others interesting projects
that went live and that failed to went live.

Live:
https://www.havven.io
https://makerdao.com/dai

Failed due regulation:
https://insidebitcoins.com/news/top-funded-stablecoin-basis-shuts-down-due-to-sec-regulatory-constraints/201825

https://www.basis.io/faq (interesting read about economics)

How would Bitbay PEG compare to those?

Havven is crypto-collateralized, exposing its coin to risk of the underlying assets' volatility.
Maker's stablecoin is currently dependent upon the both integrity and volatility of Ethereum. (although they might have the option of changing that down the road)

BitBay's Dynamic Peg is non-collateralized and decentralized, making it impossible to regulate and not subject to the volatility of another asset. Its supply liquidity is controlled in a secure and democratic way, so there is zero counter-party risk. It is designed to be extremely elastic and black-swan resistant.

freigeist

hero member

Activity: 1110

Merit: 534

Regarding the PEG there some others interesting projects
that went live and that failed to went live.

Live:
https://www.havven.io
https://makerdao.com/dai

Failed due regulation:
https://insidebitcoins.com/news/top-funded-stablecoin-basis-shuts-down-due-to-sec-regulatory-constraints/201825

https://www.basis.io/faq (interesting read about economics)

How would Bitbay PEG compare to those?

shaydinblue

jr. member

Activity: 48

Merit: 1

I see testing of the peg has begun. How long are we realistically talking before Bitbay with the peg working is actually live on an exchange or ideally exchanges? Are we weeks away, months, a year? Just looking for a ballpark time frame, not a solid date. Been following Bitbay for a long time, looking forward to the future...

BitBayDoc

jr. member

Activity: 193

Merit: 3

Disclaimer:
BitBayDoc is NOT on the development team.
I am supportive of this project through my investment and staking of this coin.
It just sounds like I am on the Development Team because I actually have something intelligent to say about the coin.

And yes, I think One Penny is a ridiculously, almost comedic, price for this coin.
I continue to buy as much of this coin as I can afford.

I believe a drastic price change will occur once 3-5% the general population starts to get their feet wet once again in the Crypto Markets.
The blood bath going on since January has scared off a major wave of crypto investors - and with good reason!
Once the world's economies begin to tank more than they already are, and hyper-inflation hits, coupled with bank holidays, Bay (with its peg) will become the safe haven it was designed to be for trade around the globe.

@ Development Team:
Please put a check mark on the November/December Roadmap next to Dynamic Peg Exchange Testing.

Thanks

BitBaydev

member

Activity: 155

Merit: 11

https://bitbay.market

Quote from: freigeist on December 27, 2018, 07:33:50 AM

Quote from: BitBaydev on December 27, 2018, 06:45:45 AM

You can use the calculator at https://staking.bitbay.market to work out the possibilities for earning staking rewards.

The following message appears by clicking on that link you pasted here:

Quote

Forbidden

You don't have permission to access / on this server.

Thanks for reporting that freigeist - it's back online now after a server reboot Wink

freigeist

hero member

Activity: 1110

Merit: 534

Quote from: BitBaydev on December 27, 2018, 06:45:45 AM

You can use the calculator at https://staking.bitbay.market to work out the possibilities for earning staking rewards.

The following message appears by clicking on that link you pasted here:

Quote

Forbidden

You don't have permission to access / on this server.

BitBaydev

member

Activity: 155

Merit: 11

https://bitbay.market

Quote from: tirthraj on December 27, 2018, 04:39:56 AM

Circulating Supply 1,012,146,906 BAY

Whats the staking rate of BITBAY Coin ?
I don't have proper system so I am looking some online pool for it.
so can some please tell me whats the staking % of its and online pool for staking .
lets make example if I have 1000 BITBAY coin How much I will get per day or week or else..
Any response would be appreciated.

You can use the calculator at https://staking.bitbay.market to work out the possibilities for earning staking rewards.

BitBaydev

member

Activity: 155

Merit: 11

https://bitbay.market

Quote from: doedz on December 24, 2018, 08:04:16 PM

Quote from: BitBayDoc on December 24, 2018, 03:11:12 AM

From Doedz:
TESNET BitBay? - I think you mean TestNet, with a “t”.
Oh no ! - OH YES! Become a part of block chain history…

From BitBaydev:
Come and test drive the Dynamic Peg!
The world's first fully-decentralized stablecoin protocol is now available on the new BitBay testnet.
Join us in Slack using this invite link: https://buff.ly/2QpBM5o

“I don't want to follow things from all Altcoins, Bitbay do you think is good isn't it?
Altcoins are still altcoins that can only be runaway from other altcoins. LOL”
   @Doedz - Your words make no sense. LOL

“Bearish markets like this are better at 10% HODL Bitcoin and 90% HODL FIAT. LOL”
   @Doedz – markets like this are the best times to invest. Business 101.

My recipe for success is:
   30% HODL BitBay; 30% HODL Precious Metals; 30% Commercial Real Estate; 10% Fiat.
   And... A Day J.O.B. with a 50-60 hour work week.

Bit Bay is way, way undervalued... I'm really starting to think about that peg launching, it's been a long time coming.
Even without the peg Bay should be valued between $0.76-$1.38 with all the features it has right now.
Once the peg launches, who knows - $1.00-$2.00 in the beginning?
Once people realize Bay exists with all its working features, it should be one of the leading Altcoins on the market.

LOL
It's funny about this development team and I like that, I read it here while laughing. LOL

Look at the Legendary here in this forum, they say they don't dare to HODL Altcoins, except Bitcoin, maybe they are afraid of HODL Bitcoin and only HODL 40% and that's the biggest.
FIAT is more valuable at a market like this because Bitcoin when it drops to the price of 1000-500 USD can buy more.

You say that because you really realize the development team BitBay must be strong enough to pump prices. But not for me who has the right to HODL Bitcoin and understand the situation.

I read this post while looking at the Tom and Jerry cartoon that continued to argue on the Samsung 44 icnh screen. LOL

No one on the development team has said anything about price or holding. Don't assume someone is from the development team.

Shorn
Project Manager @ BitBay

tirthraj

copper member

Activity: 449

Merit: 2

web3 developer | Youtuber

Circulating Supply 1,012,146,906 BAY

Whats the staking rate of BITBAY Coin ?
I don't have proper system so I am looking some online pool for it.
so can some please tell me whats the staking % of its and online pool for staking .
lets make example if I have 1000 BITBAY coin How much I will get per day or week or else..
Any response would be appreciated.

doedz

hero member

Activity: 1106

Merit: 502

Quote from: BitBayDoc on December 26, 2018, 03:58:15 AM

@ Doedz,
Are you a bot? Because your comments make no sense. None at all.
I think you are a bot that tries to string together a conversation to confuse people.
However, you are the only one who sounds confused. Very confused...

Poem: Doedz you try to be funny and witty, but you are not.
I think you are a silly little bot. LOL

Did the Robot see the Tom and Jerry Cartoons? LOL

I'm the most handsome real man in California. LOL
I don't want to confuse someone.
I don't want to create a FUD for BitBay.

But I only give advice to all people who understand cryptocurrency.
Okay, you are a development team from BitBay and that should be as long as you support, but for me Bitcoin is more useful and valuable than BitBay.

So, for now I am HODL Bitcoin and FIAT because the market is Bearish.

BitBayDoc

jr. member

Activity: 193

Merit: 3

The Peg is coming. Power to the people is coming.
Will the manipulated markets be happy or sad to see Bay succeed?
The investors who HODL and have patience will be rewarded.

BitBay - The World's First DE-centralized Market Place on the planet.
Completely Trustless / Unbreakable Contracts. Completely Peer to Peer.
Recorded on a profound block-chain. Who can handle the truth?
Buy and Sell Anything. Barter for Anything. Essentially Free Transactions.
What is this coin worth? We shall soon find out it is certainly worth more than 1 cent.

BitBayDoc

jr. member

Activity: 193

Merit: 3

@ Doedz,
Are you a bot? Because your comments make no sense. None at all.
I think you are a bot that tries to string together a conversation to confuse people.
However, you are the only one who sounds confused. Very confused...

Poem: Doedz you try to be funny and witty, but you are not.
I think you are a silly little bot. LOL

doedz

hero member

Activity: 1106

Merit: 502

Quote from: BitBayDoc on December 24, 2018, 03:11:12 AM

From Doedz:
TESNET BitBay? - I think you mean TestNet, with a “t”.
Oh no ! - OH YES! Become a part of block chain history…

From BitBaydev:
Come and test drive the Dynamic Peg!
The world's first fully-decentralized stablecoin protocol is now available on the new BitBay testnet.
Join us in Slack using this invite link: https://buff.ly/2QpBM5o

“I don't want to follow things from all Altcoins, Bitbay do you think is good isn't it?
Altcoins are still altcoins that can only be runaway from other altcoins. LOL”
   @Doedz - Your words make no sense. LOL

“Bearish markets like this are better at 10% HODL Bitcoin and 90% HODL FIAT. LOL”
   @Doedz – markets like this are the best times to invest. Business 101.

My recipe for success is:
   30% HODL BitBay; 30% HODL Precious Metals; 30% Commercial Real Estate; 10% Fiat.
   And... A Day J.O.B. with a 50-60 hour work week.

Bit Bay is way, way undervalued... I'm really starting to think about that peg launching, it's been a long time coming.
Even without the peg Bay should be valued between $0.76-$1.38 with all the features it has right now.
Once the peg launches, who knows - $1.00-$2.00 in the beginning?
Once people realize Bay exists with all its working features, it should be one of the leading Altcoins on the market.

LOL
It's funny about this development team and I like that, I read it here while laughing. LOL

Look at the Legendary here in this forum, they say they don't dare to HODL Altcoins, except Bitcoin, maybe they are afraid of HODL Bitcoin and only HODL 40% and that's the biggest.
FIAT is more valuable at a market like this because Bitcoin when it drops to the price of 1000-500 USD can buy more.

You say that because you really realize the development team BitBay must be strong enough to pump prices. But not for me who has the right to HODL Bitcoin and understand the situation.

I read this post while looking at the Tom and Jerry cartoon that continued to argue on the Samsung 44 icnh screen. LOL

Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 54. (Read 542094 times)