BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 64.

88998899

newbie

Activity: 35

Merit: 0

Quote from: dzimbeck on September 14, 2018, 02:29:07 AM

Quote from: 88998899 on September 13, 2018, 09:24:16 AM

Quote from: dzimbeck on September 13, 2018, 01:01:25 AM

Quote from: 88998899 on September 12, 2018, 06:29:26 AM

https://drive.google.com/open?id=18kJUyEanPsVPe2v7rnFgfoh_3cFzyKYt

It looks like you were not connected to the internet intermittently. Because you said it was saying only 6%. Please go to your history tab and let me know
if it says it see if it thinks it's connected. Also what country are you from? Some countries have firewall.

Hi, Qt wallet works without problems. In version 1.34 there are no problems. I only have a problem, I think it's in my computer, I'll try to figure it out. Thanks for the help! I'm from Russia.

It usually checks a server for internet connectivity... in your screenshot it said it wasn't connected to the internet. The Markets client is where all the action is so perhaps it's best to check why. You can activate the debug file in settings and then restart the program and let it try to connect and if it fails then close it and send a file it will generate called c:\bitbay\debug.txt

Did as you requested c:\bitbay\ debug.txt

https://drive.google.com/open?id=19LWi16KnXR6Bs6mg3aIUiQMaL38abKf1

dzimbeck

legendary

Activity: 2412

Merit: 1044

Quote from: 88998899 on September 13, 2018, 09:24:16 AM

Quote from: dzimbeck on September 13, 2018, 01:01:25 AM

Quote from: 88998899 on September 12, 2018, 06:29:26 AM

https://drive.google.com/open?id=18kJUyEanPsVPe2v7rnFgfoh_3cFzyKYt

It looks like you were not connected to the internet intermittently. Because you said it was saying only 6%. Please go to your history tab and let me know
if it says it see if it thinks it's connected. Also what country are you from? Some countries have firewall.

Hi, Qt wallet works without problems. In version 1.34 there are no problems. I only have a problem, I think it's in my computer, I'll try to figure it out. Thanks for the help! I'm from Russia.

It usually checks a server for internet connectivity... in your screenshot it said it wasn't connected to the internet. The Markets client is where all the action is so perhaps it's best to check why. You can activate the debug file in settings and then restart the program and let it try to connect and if it fails then close it and send a file it will generate called c:\bitbay\debug.txt

88998899

newbie

Activity: 35

Merit: 0

Quote from: dzimbeck on September 13, 2018, 01:01:25 AM

Quote from: 88998899 on September 12, 2018, 06:29:26 AM

https://drive.google.com/open?id=18kJUyEanPsVPe2v7rnFgfoh_3cFzyKYt

It looks like you were not connected to the internet intermittently. Because you said it was saying only 6%. Please go to your history tab and let me know
if it says it see if it thinks it's connected. Also what country are you from? Some countries have firewall.

Hi, Qt wallet works without problems. In version 1.34 there are no problems. I only have a problem, I think it's in my computer, I'll try to figure it out. Thanks for the help! I'm from Russia.

dzimbeck

legendary

Activity: 2412

Merit: 1044

Quote from: 88998899 on September 12, 2018, 06:29:26 AM

https://drive.google.com/open?id=18kJUyEanPsVPe2v7rnFgfoh_3cFzyKYt

It looks like you were not connected to the internet intermittently. Because you said it was saying only 6%. Please go to your history tab and let me know
if it says it see if it thinks it's connected. Also what country are you from? Some countries have firewall.

88998899

newbie

Activity: 35

Merit: 0

Quote from: dzimbeck on September 12, 2018, 04:31:23 AM

Quote from: 88998899 on September 11, 2018, 10:52:11 PM

windows 10 I'm using

https://s8.postimg.cc/flhyr92b9/image.jpg

https://s8.postimg.cc/e7qbve5gl/image.jpg

all the blocks 1817402

Please PM me debug.log in c:\bitbay\bitbaydata

https://drive.google.com/open?id=18kJUyEanPsVPe2v7rnFgfoh_3cFzyKYt

dzimbeck

legendary

Activity: 2412

Merit: 1044

Quote from: 88998899 on September 11, 2018, 10:52:11 PM

windows 10 I'm using

all the blocks 1817402

Please PM me debug.log in c:\bitbay\bitbaydata

88998899

newbie

Activity: 35

Merit: 0

windows 10 I'm using

https://s8.postimg.cc/flhyr92b9/image.jpg

https://s8.postimg.cc/e7qbve5gl/image.jpg

all the blocks 1817402

tradersnow

jr. member

Activity: 90

Merit: 3

Quote from: 88998899 on September 11, 2018, 10:24:33 AM

Hello! BitBay Client is synchronized by 6% and does not want to continue. (Client version 1.35) What's the problem, help.

Are you using the native Mac version client by any chance?

If you're still having troubles, please post the problem with details here: https://forum.bitbay.market/c/support, and one of the BitBay team members will follow up with you shortly.

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: 88998899 on September 11, 2018, 10:24:33 AM

Hello! BitBay Client is synchronized by 6% and does not want to continue. (Client version 1.35) What's the problem, help.

all seems fine with the network.,.. maybe just pausing and will start again after some time.

88998899

newbie

Activity: 35

Merit: 0

Hello! BitBay Client is synchronized by 6% and does not want to continue. (Client version 1.35) What's the problem, help.

cr197

full member

Activity: 307

Merit: 109

Quote from: cryptohunter on September 07, 2018, 09:37:52 AM

Quote from: ptcgroup10009 on September 06, 2018, 02:56:58 PM

yes a lot is happening with BitBay .Today a double deposit web market place demo is up and running and it looks great but more features will be add as time goes on.

This will be huge once it takes off and is much needed really.
I still think the totally decentralised market place relying on no central servers that David has created is amazing.
However I think the masses will appreciate a web browser based service in a big way.

Once it starts to take off and snowball it will be quite something to watch and be in on.

Well people want an easy button. It will allow for a super fast system and even mobile access.
The biggest factor is that we can actually keep transactions protected by DDE smart contracts. This will still allow our web marketplace to give merchants the ability to undercut the competition compared to 3rd party merchant service hosts like eBay, Amazon, or even other crypto marketplaces.

And yeah, if people still want to be decentralized all the way, they can still have it! The best of both worlds with a stable price.

That's the other aspect that people have yet to realize. We are way ahead of all the other stablecoins in regards to real world use. While they are busy trying to build their peg, they still have to come up with services that allow them to actually apply their currency to. Most won't bother trying, they will just use centralized 3rd party service hosts to do that for them.
But that equals fees.
They will never be able to undercut our marketplace services because we don't charge anything to use them!

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: ptcgroup10009 on September 06, 2018, 02:56:58 PM

yes a lot is happening with BitBay .Today a double deposit web market place demo is up and running and it looks great but more features will be add as time goes on.

This will be huge once it takes off and is much needed really.
I still think the totally decentralised market place relying on no central servers that David has created is amazing.
However I think the masses will appreciate a web browser based service in a big way.

Once it starts to take off and snowball it will be quite something to watch and be in on.

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: cr197 on September 07, 2018, 06:57:44 AM

Quote from: cryptohunter on September 06, 2018, 05:29:58 PM

Quote from: cr197 on September 06, 2018, 01:36:07 PM

Update: So far over the last 2 days we've frozen the supply down to 87.7% liquid on our test Clients. 😀
The current idea is that when we actually enforce the peg on the entire network, we will be fair by starting at 0% frozen.
Currently the rate of change is limited to 1% per voting session with a max of 7 changes per day for a total of a max of 7% deflation or inflation every day.

This could change before the peg is finally reelased. We might even make it a range like 1-2% or 1-3% per voting session. The range would be determined by counting the majority of a particular direction. So for example, with a range of 1-2% in place. And for example, 1 vote session receives 100% deflate votes, then that session would freeze accounts' liquid supplies by 2%. And if the same vote was 60% deflate and 20% inflate, and the rest being 20% no change, then that vote session might only deflate 1%
So at 1-2% range we could get a max of 14% deflate or inflate in one day. And at 1-3% we could get a max of 21% either direction in one day.

Still toying around with the ideas.

However, being that we WILL start out at 100% liquid to be fair to the 'bears'. It will take a few days before we can really see a change in the market manipulators that have been destroying investor confidence for pretty much the entire altcoin industry. Unless of course, buy support starts catching wind of what we will accomplish here over the next 1-2 months.

We'll beat them though. I for one will be voting to deflate coin supply till we reach a much more realistic fair market value.
We are the only legacy altcoin in the entire industry working to remove the manipulation once and for all. That statistic alone make me believe we deserve to be over a dollar a coin and will be voting to fight for that price till we can get to it.
I hope you guys will agree!😂
But this is a democracy after all and you all can vote however you want!

What I love about the peg system is that you have to be active on the Client to vote and voice your opinion on price action.
A bear manipulator can't vote to inflate liquid coins and place sell orders at the same time! Or at least not without weakening his true power as if he had no sell orders at all!

Which means the voting system favors those that believe in the coin. And I'd think for the most part, people will want their investment equity protected.

This is going to make for one of the most interesting trading games on the planet!

____________________________________________

And now that the obfuscation error is fixed I will resume testing marketplace items and other features!

Cheers!

I have still not really got to grips with the deeper working on this rolling peg.

However.... will there be options for people who are investors but do not watch the markets daily and be there to vote many times per day for them to select an auto pilot option that casts their vote for freeze unfreeze according to % moves in the market place. Or just an option of max deflate until x price like.... max deflate until 1 dollar.

I mean to really build a huge market place like ebay or even 5% of ebay we will need bitbay to really be like what 2-3 bucks or greater for enough liquid supply and the DD escrow to be active for all transactions.

I see a lot of precious metal sellers in the buy and sells but nobody will trust them with their btc.... with DDE then this would become viable.

If you are not actively voting on the Client, but you are actively staking coins. Then yes, each time you win a stake reward from a block, it's as if you are voting for the "Automated Pegging Vote" to decide to control supply and demand. Because your staked block reward takes away from others trying to vote to manually control supply. There is only 1 vote allowed per block.

There are 5 types of votes to choose from in the Client. It's very user friendly. No coding skills are required.

Automated Pegging Vote
Vote to Deflate/Freeze Supply
Vote to Inflate/Unfreeze Supply
Vote to Maintain Supply
Do not Vote on Supply

Ah that makes sense.
I only wonder if we can freeze up supply a little more quickly if we needed to. Then again I guess 21% frozen in one day is good going.

If the automated pegging algo could eventually say recognise a 10% or greater drop over x time and instantly implement a super freeze in a shorter time frame.

Then again David and you guys have obviously thought a lot about this and found the best model.

Can't wait to see how this works.

Perhaps the sec will allow bitbay before btc for an ETF

This together with Davids possible ideas for greater scaling puts bitbay in the primary position here in my opinion.

lidd0512

member

Activity: 94

Merit: 10

great job, bitbay has taken a big step to the cryptocurrency world ,i guess this will have a positive impact to the real world!

88998899

newbie

Activity: 35

Merit: 0

Quote from: cr197 on September 07, 2018, 06:19:41 AM

Sometimes the Client tries to attach coins to blockchain network and it fails.
Just try again.

It also could be because you might only have 1 key loaded. Goto your history tab and make sure the history tab is showing that you have 2 private keys connected.

If it's persistent then goto: Settings -> General Settings and make sure you turn on "Create Debug File on Exit"

Then close the Client and look in your C:/BitBay directory. There should be a debug text document.
And PM that file to David here. That file is designed for the sole purpose of bugs. So of course, David would not allow it to provide any info other than bugs (priv keys are safe, etc)

Thank you so much! I'll try to fix it.

cr197

full member

Activity: 307

Merit: 109

I'll try to explain how this is going to work for us once the exchanges incorporate it.

Let's say the current market manipulator, who bought up BitBay during 2017 and has been selling consistently since Jan 2018, only has 10 million Bay in his possession. He holds all his coins on the exchange so he has no voting power.
And once the exchanges incorporate peg QT wallets. The official start of the peg begins.
So we start at 100% liquid to be fair to the bears.
Over the course of 10 days the majority of voters decide to deflate supply down to only 10% liquid and 90% frozen.
Now just for the sake of example, during this time the manipulator hasn't been selling. He still has 10 million coins to play his stupid MM games.
So now with the peg ratio the way it is, he only has 1 million coins liquid to either sell down the price or place as resistance on the sell book.
After a few hours, the buyers buy him out. He now has all his remaining coins frozen. This causes price to increase too much so the algorithm takes over and inflate price by 2% in one voting session.
So now the manipulators 9 million coins he has frozen, he receives 2% of as liquid again. So now he can sell an additional 180,000 coins before he runs out - etc., etc., etc.
So now he's no longer a threat. His liquid coin supply is being regulated. He is not longer able to be a substantial Market Maker or Market Mover. He is just a flea that can be bought out with buyers actually appreciating his cheap coins.

And BitBay lived happily ever after.

The End

P.S. We actually help the jack ass make more money than his current index bot ever could!!!

cr197

full member

Activity: 307

Merit: 109

Quote from: cryptohunter on September 06, 2018, 05:29:58 PM

Quote from: cr197 on September 06, 2018, 01:36:07 PM

Update: So far over the last 2 days we've frozen the supply down to 87.7% liquid on our test Clients. 😀
The current idea is that when we actually enforce the peg on the entire network, we will be fair by starting at 0% frozen.
Currently the rate of change is limited to 1% per voting session with a max of 7 changes per day for a total of a max of 7% deflation or inflation every day.

This could change before the peg is finally reelased. We might even make it a range like 1-2% or 1-3% per voting session. The range would be determined by counting the majority of a particular direction. So for example, with a range of 1-2% in place. And for example, 1 vote session receives 100% deflate votes, then that session would freeze accounts' liquid supplies by 2%. And if the same vote was 60% deflate and 20% inflate, and the rest being 20% no change, then that vote session might only deflate 1%
So at 1-2% range we could get a max of 14% deflate or inflate in one day. And at 1-3% we could get a max of 21% either direction in one day.

Still toying around with the ideas.

However, being that we WILL start out at 100% liquid to be fair to the 'bears'. It will take a few days before we can really see a change in the market manipulators that have been destroying investor confidence for pretty much the entire altcoin industry. Unless of course, buy support starts catching wind of what we will accomplish here over the next 1-2 months.

We'll beat them though. I for one will be voting to deflate coin supply till we reach a much more realistic fair market value.
We are the only legacy altcoin in the entire industry working to remove the manipulation once and for all. That statistic alone make me believe we deserve to be over a dollar a coin and will be voting to fight for that price till we can get to it.
I hope you guys will agree!😂
But this is a democracy after all and you all can vote however you want!

What I love about the peg system is that you have to be active on the Client to vote and voice your opinion on price action.
A bear manipulator can't vote to inflate liquid coins and place sell orders at the same time! Or at least not without weakening his true power as if he had no sell orders at all!

Which means the voting system favors those that believe in the coin. And I'd think for the most part, people will want their investment equity protected.

This is going to make for one of the most interesting trading games on the planet!

____________________________________________

And now that the obfuscation error is fixed I will resume testing marketplace items and other features!

Cheers!

I have still not really got to grips with the deeper working on this rolling peg.

However.... will there be options for people who are investors but do not watch the markets daily and be there to vote many times per day for them to select an auto pilot option that casts their vote for freeze unfreeze according to % moves in the market place. Or just an option of max deflate until x price like.... max deflate until 1 dollar.

I mean to really build a huge market place like ebay or even 5% of ebay we will need bitbay to really be like what 2-3 bucks or greater for enough liquid supply and the DD escrow to be active for all transactions.

I see a lot of precious metal sellers in the buy and sells but nobody will trust them with their btc.... with DDE then this would become viable.

If you are not actively voting on the Client, but you are actively staking coins. Then yes, each time you win a stake reward from a block, it's as if you are voting for the "Automated Pegging Vote" to decide to control supply and demand. Because your staked block reward takes away from others trying to vote to manually control supply. There is only 1 vote allowed per block.

There are 5 types of votes to choose from in the Client. It's very user friendly. No coding skills are required.

Automated Pegging Vote
Vote to Deflate/Freeze Supply
Vote to Inflate/Unfreeze Supply
Vote to Maintain Supply
Do not Vote on Supply

cr197

full member

Activity: 307

Merit: 109

Quote from: Ivanetadichk on September 06, 2018, 05:45:37 PM

I gotta get some more of this coin before that rolling peg thing.

Any attempt to stabilise the crypto market is a move in the right direction and shows a lot of foresight about real life use cases.

Thanks. I couldn't agree more
It's so sad to see the state of affairs with the altcoin industry right now.
It's easy to see that just a handful of market manipulating index bots control over 75% of the altcoin industry.

With our peg in place we can control them like a puppet. And when it shows that we can stabilize price, investor confidence will return and organic price growth will as well.

You can't beat having the best of both worlds.
The entire stablecoin industry, excluding BitBay, is focused solely on creating a hard pegged value.
Ours still allows for price to increase over time as long as demand continues to build, and focuses more on simply removing the volatility.
Once investors pick up on this, the first few months should be interesting to watch unfold

Bitcoin investors are in a bind here. One whale has 700 million dollars worth of coins left to manipulate the market as he wants.
I can only imagine how scared BitMex is. Someone has to buy back this guy's shorts. And each time he toys with price to satisfy his BitMex positions, he just makes himself stronger than before.
So if you take in consideration that his short is still in play. Once he covers it, he could be sitting on roughly 900 million in equity from his initial 800 million he started with. IMHO the only way he can lose is if BitMex bans his account or they go bankrupt

cr197

full member

Activity: 307

Merit: 109

Sometimes the Client tries to attach coins to blockchain network and it fails.
Just try again.

It also could be because you might only have 1 key loaded. Goto your history tab and make sure the history tab is showing that you have 2 private keys connected.

If it's persistent then goto: Settings -> General Settings and make sure you turn on "Create Debug File on Exit"

Then close the Client and look in your C:/BitBay directory. There should be a debug text document.
And PM that file to David here. That file is designed for the sole purpose of bugs. So of course, David would not allow it to provide any info other than bugs (priv keys are safe, etc)

88998899

newbie

Activity: 35

Merit: 0

Do not send coins from the client, gives out a small window: "tx rejected". How to fix? Thanks!

Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 64. (Read 541982 times)