Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 8. (Read 542094 times)

Yes I know we are all in same boat, there is a bug in Latoken that is almost fixed, there is nothing we can do but wait, it will be back to normal within 1 or 2 weeks is my estimate.

does anyone know what da folk is going on with latoken? I sent BAYR coins from wallet, waited as it takes for a month, they deposited only 1/3 of them, other coins they pointed as - checking, and haven't sent to my wallet for about a month more? and are not answering anything - they support is just sending me standard phrases like - thank you for your patience bla bla bla

If you want to see something cool - check out this chart!
Date Range: ALL

https://coincodex.com/crypto/bitbay/?period=ALL

Every plateau in BTC price since toward the end of 2019 is where the Peg does its magic!

If the Short squeeze  "Reddit-raiders" or "Robin Hooders" found out the potential value of BAY we would get a fresh new start.

We are de-central-ized. Democratically controlled. Anonymous. FREE. Everything they seem to value in an investment + more is here.

I'm going to agree at this point a name change might just be in an "echo chamber"; however, it could give us additional exposure with the buzz it could create. It might even get you (David) in the limelight again, with some interviews and more exposure...

I still think BAY has huge potential. And as long as Tiny Piston Honda is still out there trolling, we are in good shape!
Funny how he only shows up when we are doing well and over the target!

In looking back - it would have been better to have done a name change many years ago, even before 2017.
Now we are kinda committed. Which may or may not prove to be beneficial. Time will tell.

Oh Well - THE PEG IS WORKING BEAUTIFULLY!  
24H RANGE:    $ 0.395908 — $ 0.411778  Steady as she goes!

Nah too many projects are doing that. Any defi version of the peg would be a totally separate coin. A bridge is possible to ETH however too many shards in BAY will never have clean conversion(for eth to do bay there is high data cost to update balances and you would have to do micro-shards and liquidity mixing). However there are some advantages it's not such the best to rely on other blockchain. ETH only would work if a coin had it's own zk-rollup anyways. Why raise the cost of doing business otherwise. Good idea but not in the cards yet. Plus there is a need for Bitcoin based DEX. Wrapped Bitcoin is not reliable or safe necessarily, and then there is not so many wrapped versions on any non-eth coin. Also ETH exchanges limited to automated market maker liquidity pools which is okay but not so useful for people who want to see an orderbook. One step at a time.

so when are you guys swapping/converting over to an erc20 shitcoin uniswap defi blah blhab blahblahbalab bhalla.

lol.

Name change has no effect on price. Bitcoincash doesn't care if they have literally the same name as Bitcoin. That should be evidence enough that nobody cares. Also the exchange isn't really in the same category and eventually that exchange will stop operations and we will remain. Speaking of kids names, would you change your kids name away from John because another kid is named John?

But really the point is if we did a name change it would reverberate into an echo chamber as we have no marketing dollars to push anything significant. Therefore we need cash flow first from another business or angels to help support us. I have no qualms with a name change if there is hundreds of thousands to throw into marketing and new exchanges listings. We don't need that much and it's ridiculous considering BTC is almost half trillion dollars and yet the more technically advanced projects are not only overlooked but censored.

So we should stay on course with the current plan. It may be a grind but eventually it can give way.

Agreed. I made some changes to my above content. Please refresh your page and re-read. Thank You. God Bless.

I agree with you the Penthouse is the best and I always try and get the best view, no doubt. That being said I agree that a .com is the first address that most users think of when thinking of finding any business online and the confusion with the Bitbay.net exchange is annoying, but atm with Bitbay, I believe what is the most important and number 1 priority is the exchange. As a business man you know that there is no business without liquidity, what will create this flow of traffic is a stable and dependable market where people from all over the world can come and trade Bitbay securely.

Lucky,

I respect everything you pointed out.

True, David is not a business man. He is a creative genius.
I am a businessman however; and see things through a business lens.
I have also been buying domain names for 22 years now

I Love David and have stuck by BAY through thick and thin for over 4 years now.
Yes, our marketing plan is sorely lacking. Yes, we need support - for sure.

Yes, LA Token had problems in the beginning. It may have seen like they F'd us a couple times - but in their defense, this whole Peg thing was new and they didn't want us playing around with their code - which would have made everything easier for all of us. That said - I'm eternally grateful to LA Token for even giving us the time of day when everyone else told us to pound sand. YES - when we "control" our own exchange, we will control our own destiny and prosper. I am looking forward to that day. A special shout-out to all the Dev's working so hard on that.

Next: If a domain name didn't matter, they would all be priced the same.
Again... If a domain name didn't matter, they would all be priced the same. They aren't. That's a fact.

There are many, many reasons why having the correct ending on your url matters.
If nothing else, Search Engine's list them on many levels according to their ending. I am a SEO Expert.
That's why bitbay.market is "worth" $163.00 and bitbay.com is worth over $13k.
That's a cold, hard fact. Not speculation or wishful thinking.

You compare it to the wrapping of a gift. I disagree.
I think of it like this... domain names are like Real Estate - which they are.
A complete name is like an address - You can still live in a building on 5th Ave; have the exact same address, but if you live in the basement, you will pay A LOT less than someone who lives in the Penthouse. The penthouse is a better view, has more prestige, etc.
BitBay with an ending like .market is living in the basement; and to add insult to injury - is sharing space with others.
But, nonetheless they are at least in the building.
BitBay.com is living in the Penthouse with a great view and has a party every day. It's undeniable - look at the perceived value.
You and David may think it's not important; just like the person living in the basement is just happy to be there... I prefer living in the Penthouse.

I am in total agreement with you that the exchange will save the day - and in the end, we may have a VERY bright future, time will tell.
Peace.

Not to knock you out Doc but IMO would have to agree with David that the name like a wrapping of a gift makes no difference, the content is what counts. Before the exchange went down think it was July we were getting over 100k liquidity, then Latoken screwed us and we lost our investors. The ONLY thing that matters is the EXCHANGE, that will save Bitbay.

You cannot blame David Doc, because he is a coder not a business man, he needs a solid marketing crew to help him out, if you remember before Latoken fucked us good by going down twice for over 2 months and now deposits do not work, when the Nighttrader comes out, run and maintained by Bitbay staff, then we will no longer have the problems we have had this year. I believe Bitbay will prosper with the right exchange that does not go down every month.

(Issue: BitBay.market has kinda a terrible .url that is not helping and actually hurting our progress.)

I could not have said it better myself RaisinBran... So I'll repeat what you said.
"OBVIOUS PRODUCT DIFFERENTIATION IS CRUCIAL, OTHERWISE WE'LL BE STUMBLING ALL OVER OURSELVES FOREVER."

It's really Marketing 101-A.

For being so smart I don't understand why David cannot understand such a simple fact... Amazing. (See examples above)
I've been saying this for YEARS... Denial Great Is (Yoda).

As a Physician with a strong background in psychiatry - I would conclude that because he's just been dug in for so long - he can't admit the name has been an albatross around our neck/throat/head and a HUGE hindrance to our success. Yes - the stumbling will continue forever I'm afraid. Too bad.
"BAY" should easily be a top 10 coin.

We will never get a serious backer with our pedigree so compromised and confusing.
Please excuse me for the next few months; maybe forever, while I shout, scream and shake my fists to the heavens.

Ztoshi is a great name! I actually like Ztoshi better myself...
Too bad it's taken and for sale for only $4,500.00
 

On the other hand, and this might add credence to what I have been saying for years:
GoDaddy.com Domain Name Value and Appraisal: bitbay.market (current url for BAY) - Estimated Value: $163.00
GoDaddy.com Domain Name Value and Appraisal: zimtoshi.com (Doc's proposed name change) - Estimated Value: $1,101.00
(Actually I don't care what the name change is, it just needs to be different and a .com)

Let's continue:
GoDaddy.com Domain Name Value and Appraisal: bitbay.net (Polish exchange) - Estimated Value: $2,289.00
GoDaddy.com Domain Name Value and Appraisal: bitbay.com (?Owner in China) - Estimated Value: $13,829.00

So - Despite David saying the name doesn't matter, apparently it does. By a lot.
The $ difference between bitbay.market and bitbay.com is 84.85x.

...But I digress. The working website name/url for a crypto currency since 2014 is only worth One Hundred and Sixty Three Dollars?!!!
And a website name that has never been built is worth 6.5x, and the .com 85x as much. C'mon Man!

There is nothing left to say. Look it up for yourself. https://in.godaddy.com/domain-value-appraisal

Exactly

I don't have any kids. But if I did I'd want two boys and two girls. I'd name the two boys Aaron and Don, and I'd name the two girls Erin and Dawn.

 :0)

I could not have said it better myself... So I'll repeat what you said.
OBVIOUS PRODUCT DIFFERENTIATION IS CRUCIAL, OTHERWISE WE'LL BE STUMBLING ALL OVER OURSELVES FOREVER.

It's really Marketing 101-A.

For being so smart (?) I don't understand why David cannot understand such a simple fact... Amazing.
I've been saying this for YEARS... Denial Great Is.

As a Physician with a strong background in psychiatry - I would conclude that because he's just been dug in for so long - he can't admit the name has been an albatross around our neck/throat/head and a HUGE hindrance to our success. Yes - the stumbling will continue forever I'm afraid. Too bad.
"BAY" should easily be a top 10 coin.

We will never get a serious backer with our pedigree so compromised and confusing.
Please excuse me for the next few months; maybe forever, while I shout and scream to the heavens.

Ztoshi is great! I actually like it better myself...
Too bad it's taken and for sale for only $4,500.00
 

On the other hand, and this might add credence to what I have been saying for years:
GoDaddy.com Domain Name Value and Appraisal: bitbay.market - Estimated Value: $163.00
GoDaddy.com Domain Name Value and Appraisal: zimtoshi.com - Estimated Value: $1,101.00

Let's continue:
GoDaddy.com Domain Name Value and Appraisal: bitbay.net - Estimated Value: $2,289.00
GoDaddy.com Domain Name Value and Appraisal: bitbay.com - Estimated Value: $13,829.00

So - Despite David saying the name doesn't matter, apparently it does. By a lot.
The $ difference between a bitbay.market and bitbay.com is 84.85x.

...But I digress. The working website name/url for a crypto currency since 2014 is only worth One Hundred and Sixty Three Dollars?!!!
And a website name that has never been built is worth 6.5x as much. C'mon Man!

There is nothing left to say. Look it up for yourself. https://in.godaddy.com/domain-value-appraisal

Obvious product differentiation is crucial, otherwise we'll be stumbling all over ourselves forever.

Great marketing move. I personally favor zToshi or Ztoshi