Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 70. (Read 542094 times)

Mustn't grumble at a bargain though so I'm still stacking bays.

If the peg works as expected it will be impossible that the major news sites can ignore bitbay after this.

Agreed, it honestly surprises me a little.

Regardless, I've done the major peg calculations and I'm finishing up the database part. Then I will test with a whitelist of addresses and after that do some of the changes in the GUI. Then I have to make something for the exchanges and QT to work with it.

Awesome work being done on this now.

The market cap for this is now laughable

Here’s a new Web Markeptlace UI teaser video for you all, this time showing the selling an item process...

https://twitter.com/bitbayofficial/status/1009395196017209344?s=21

We hope you like it

OMG
https://twitter.com/BitBayofficial/status/1009024771546341376

Check out article on how to pay online anonymously in our decentralized marketplace:
https://blog.bitbay.market/how-to-pay-online-anonymously-c1e8a434b56b

Making short and to the point videos is great idea, both for marketing and guiding purposes.

Today we are releasing the first preview of the UI design for our upcoming Web Marketplace. We'll be releasing one video every day this week to highlight some of the features and we'll be posting them here as well as social media.

Here's the first one: new account creation

https://twitter.com/BitBayofficial/status/1008692036067840001

Thanks for this great answer david. I guess if all laymen investors could have the insight of skilled developers the top 50 would look quite different. It's a shame noobs are so easy to hoodwink with hype and manipulation.

I really hope bittrex and upbit will work with our new peg. Bittrex loves real innovation and they work with ignis which i think needs some special software to run too so they hopefully would be good with it.

The TPS hype like most hype trains are probably orchestrated with pumps from exchanges anyways who are probably in on it.

Even if it wasn't, DPOS is not better than POS3.

It has the drawback of not being able to see the genesis, no reputation system, the voting can be gamed and politicized via offering incentives, there is not enough nodes.

It's a great start for extremely large scalability and has proven that. But it needs to be not so rigid such as a limit of 101 delegates or X delegates. It needs to be where people upgrade their hardware, offer it to the network, prove they can handle the volume, etc. No voting required, just reputation, benchmark, and very well planned pruning techniques that leave almost no doubt of botnet or fraud. I've learned a thing or two from watching the rise of Larimer and it was obvious he wasn't gearing up for decentralization but commercialization. He chose a technique that would get him adoption by getting users regardless of how much decentralization was sacrificed. The strategy worked, I knew it would.

We have already taken a page from that, we are now looking to teach our team about web based markets. We think of simple systems that can be used on phones, we look at architecture that can scale the chain.

The peg database actually has to prune or else it will simply fail. The transactions for the peg are 100 times larger unless put into a liquidity pool per account after a certain number of blocks. If we had a million users it would be probably around 40 gigabytes for that and another 20 gigabytes to support 100k tx per 400 blocks (temporary not pruned storage). I'm building it to scale. Users can always rescan and verify that data again. But the blockchain itself can't currently be handled with pruning until a very major change to protocol happens. (to support high TPS). At BitBay we do things correctly.

We tried but they are difficult to communicate with and I think expensive. Yet they list hundreds of shitcoins.

However there is another thing to consider. I'm almost done with the peg test client. So we should probably start thinking of exchanges that will actually work with it. Otherwise why pay for a listing we might lose a few months later? So we should be looking for exchanges willing to list us with the peg calculations from our API.

to me bittrex and upbit is good enough....... binance is fake volume and no way as large as they make out

the listing fee there is quite insane too some have said 250k USD

I have seen coins hit huge caps on small shit exchanges

coinbase though would be nice

You want investment hype - tps is the current hype.... we've had many hypes before: anon, masternodes, smart contracts etc etc  
You have to have the right hype at the right time

Is ada or eos better than bitbay? is dpos really better than pos3  - who knows ... but what matters is what people believe at the time
50m project or 5BN project. Of course icos with real narrow distribution can have huge fake caps but those are all i hear ppl talking about since they are hyping new mechanisms that can push high tps.... never mind the centralisation to a certain degree

eth's version of pos looks interesting too

to me there is not any point flipping the peg on at 50M cap it should be 500M cap minimum.

If we had a solid design for a new hype train consensus mechanism we as a community could easily organise a huge hype train for bitbay on here. Anyway aside from the tps comparisons on the main board bitbay still has more useful features than 99% of other projects and is still quite unknown on this board to most of the noobs

We need to list Bay on other exchanges as well, to improve liquidity and trading volumes. I have not followed any discussion on this recently, but has there been a move to list it on Binance? That can be one step which can introduce it to a lot of new investors.

Its very simple bay is a brilliant product that never gets in on the hype.

Other products are vapor but yet manage to whip the fools into believe their hype

This is the one area we need to vastly improve on for the sake of bitbay and we can save some investors losing their btc on the other trash out there

My friend said that capitalization of BitBay could be compared to capitalization of some bakeshop. Maybe it sounds good for new investors, but why is it happening? Even vision and hope could worth more, not to say about brilliant ready product!

I think he must have just meant about the TPS because nobody could seriously look at what bitbay has already and say zero results. Bay has more than 99.5% of other projects out there.

I can't even justify bay being so overlooked other than the fact there is a problem to even locate it amongst the 4000 shit projects clogging up this board.

The futures markets were definitely a double edged sword..


Bay deserves to be doing so much better though anyway in relation to other alts.

Do you think it may be best to keep the peg until after we hit a much larger cap and volume so exchanges are motivated to incorp whatever extra software the peg requires. I fear it bittrex or upbit gives us the boot it will be super bad news

Perhaps better to try to get on the tps hype train and end up with an eos or ada cap and volume first then flip the peg on.

Yeah well unfortunately the markets are being dragged around by Bitcoin and potential manipulations.  I don't think we will see the end of it however the peg is almost coded. However brokering the right exchange relationship is still a challenge after it's completion and testing.

I don't know what he exactly meant, but off course many people are upset about the prise. And the sad thing is that no good news, great features or partnerships, no achievements affect the price any more. Only the real use of the coins or sometimes market manipulation. I am sad too because very soon I will have to sell most if not all of my bays just to pay for some things. I'm hoping for a miracle as bay pump or the growing of all alts. I don't believe that people will start using bays in too or three weeks. Well, at least I bought my bays at 60 sat years ago  

Have you downloaded the software lately? Zero results?

This is our "wall of features"
https://bitbay.market/wall-of-features

The software has unbreakable contracts for years since Halo (double deposit) and was even used to sell real estate in california without escrow

The decentralized markets run on Bitmessage that are totally anonymous and don't bloat the chain have existed and worked fine since 2015

The software has IMAP and Bitmessage under the hood so I basically coded a Thunderbird

ALL templates are done this means that Halo is done, Barter and Python contracts were the recent addition.

There are 100s of little security features and it fuckin works!

Aside from that, we have a bunch of new team members who did a really good web wallet, android wallet, electrum nodes, totally new website
Rebranded, produced a nice commercial recently, have full time mailers and blogs and some of our group goes to conferences

So I don't know what the hell you are talking about.

I remember your name from the "Bob" days. If you and his group are salty that's not my problem however here unlike other projects I actually honor my word.

I've delivered what was asked and only thing left is the peg. The thread you commented on (about blockchain scaling) is theoretical. We aren't competing in the "TPS" hype right now. That is simply because we haven't had the volume of transactions.

If you are here to troll, you are trolling yourself because seriously all the investors here already like the project and I'm pretty sure if you have nothing constructive to add, nobody will care.