I am done with bitbay
The market value has now seriously start to decline, but who really believes bitbay will be a major Company like ebay, alibaba etc?
Good luck!
the entire market has corrected hard.
i think it can be better than both of those actually i don't dare use alibaba as it is but if it had dde then i would consider it for sure
Bitbay is not good as capturing the latest fads and using them to gain popularity... we miss every fad as it comes and goes. I mean many that put these fads on their road maps remove them when they later lose popularity anyway.
Latest fad is dag, hashgraphs, exotic sharding methods anything that is a bit different from btc. If we announced something like this the market would go crazy for bitbay.
When btc is given a few work arounds to stop it getting jammed up and reduce fees ie LN then all the fuss about moving past blockchain to " other" methods will die down again or perhaps it will not.
We simply need more comparison threads that are kept on the front page of the main board highlighting bitbay and how much functionality you get for your buck.. most other projects have no answer to this question that is our strong point. It is a bargain project nobody can really compare. The main board is a total and utter dream marketing zone. This is super targeted noob central looking for new projects bay should be on there full time in their face.
I started a real projects thread and put bay on the top. But nobody except a couple of people bothered keeping discussion going on it. It brought attention to 8 real players out of thousands but still the bay community hides up on slack hoping for people to find it by total miracle. We have apparently an entire marketing team yet not one keeps this thread on the first few pages or helps with bumping threads on the main board. I have no idea where they are marketing and who too. There are whales with millions upon millions of bitbay - use some of those to employ people to put effort into marketing bitbay else your millions will never be worth 10% of what they should be if the project was given some real attention here.
We need to build a team of people with a real skillset and good at what they do. If they need to be incentivised then that is what needs to be done.
Hashgraph is not even provably secure, is it even open source?! People will continue to make projects with tech babble and all that will really matter in the end is the performance and security of the system. Bitcoin rose to popularity because it's secure.
I would rather be a niche than part of a fad.
There is some ideas you have that are good. We should have anon functions and I think the higher incentive to frozen coins is good and maybe even to improve the security of POS things might gravitate towards a more distributed system with servers.
On that note you are not correct about the other things mentioned. Our big holders DO give millions of BitBay to help pay new people. We have several devs who work on things now. How do you think we ended up having the mobile wallet and the web wallet? I helped direct the security and general design so it's secure however they coded it.
Also we have many people now working on the marketing end and Shorn has come on full time. Nobody hides on Slack. It's a great platform for live chat and questions and especially support requests.
Actually the guys have moved a lot of the support to our forums on the site so that way things are easy to search and reference. This is a good thing and we have noticed that people actually use it!
I try to personally check the forums on bitcointalk. A lot of devs don't do that. And also there ARE investors besides you who comment here and they deserve some credit. Although you should know I have the highest respect for you and thank you for keeping the conversations stimulating. Also some of our big investors do comment here like munti and craig.
On that note I will comment to the guys to remember to comment here. They do link weekly updates here on bitcointalk and they do occasionally discuss new recruits.
As for the guy who commented "I'm done with Bay". Unless he is hoping to rebuy then why would he come by and advertise his alleged decision?! Investors come and go, if they didn't we wouldn't have the millions we do in volume. What does it accomplish to come by and say that?
We are making a product, we now release things almost once or twice a month! I think what is really needed is a big thank you to the team for actually delivering physical, usable updates.
1. as a developer I don't think you will find one post on this board from me making one criticism about you. YOu will however find a lot of praise. I base the entire reason for supporting bitbay on the developer.
2. Fads are another way of saying what the people believe they want and need at the time. They pump all their investment into projects even mentioning these new latest and greatest ideas. As to dag, hashgraphs, hash matrix, bla bla all this new greater than blockchain designs ... who even knows if their benefits out weight their weaknesses as yet. However for a time anything mentioning these just got injections of 100's of millions. As you say these will probably die out again over time ready for the next fad to sweep in. Meantime xrb iota all in the billions whilst bay stuck at 70m.
I see burst now added some dag to their dimaxion road map. You can be sure when people catch on to that it will start to pump. Sure some fads are not going to be possible to incorp into the design but any that are we should latch on to those and put them in the road map at once. It is simply a free boost in investment and community support.
3. I still think we should have conducted an ico when i said about it when other coins were doing the same thing... taking good projects and re stocking them with development funding and attention like lisk , komodo etc. Bay is just as good as those projects and we would have a development pot of millions of USD and a bigger community. Even particl tried it but they did it to late to have a big effect like the others who did it earlier. Also the way they did it kind of did as much damage to their community as good.
4. Good to hear the super whales are helping new development for me the development is pretty much fine but the marketing is dreadful still. I see it as only common sense that if the project offers more for the buck than any other project yet is still crushed down nearly out of the top 200 now then the marketing is not only weak it is dreadful. If we can prove this is the best project out there for the money then people will flock in to it. Munti did help bump the real projects thread and so did one or 2 others. Are we saying that the entire community is only 3 or 4 people? What are the other 1600 on slack doing apart from chatting on there? Let's bring even 50 of them to constantly post and bump bitbay threads that demonstrate clearly bitbay is the project to invest in at this time and you will see a dramatic increase in bay interest from the entire board. I start to actually believe 80% of this board are fake members or even worse. I mean if you post a thread challenging the entire board to ID real projects with just a few criteria to meet and you get nothing ? I mean literally no other projects were added except like 2 or 3 other than the first ones I listed myself after 9000 views? So out side of the top 10 there are only 8 real projects as defined by the criteria in the OP? Well if that is true (and the top 10 is riddled with manipulated scams anyway) then why is bay community not pushing that thread to stay on page 1 full time? I mean if even just a large slice of all new investment was directed to those (and bay is the top listed project) bay would be way way way more popular than it is now. I do not see how the bitbay marketing team has not realised that the main board on this forum is just like pure gold and totally free? all it takes is a bit of effort.
As to all these other posters that are promoting bay on this board can you direct me to their posts? I would like to perhaps collaborate with these people to get a solid thread going for bitbay and keep it active full time. I mean I am scanning this board for hours most days and I have missed these other posts it seems. There was one good comparison thread between sys and bay and that was good and got us some attention. However i consider such a thread to usually sadly decend into a war between the 2 projects even though we try to keep it factual and civil. Both of those are good projects so turning it to a battle is not always the best way forward . I think highlighting bay in amongst other good projects is by far the best way demonstrating all meet the criteria of having good dev teams that have already produced software that delivers. If you try and highlight bay alone that is just a spam really all real projects must be included and bay has nothing to fear from being in such company i think bay is still very strong up against even the other real projects here.
5. those people saying they are done with bay of course are just frustrated and us long term holders from the original ico (not sure how many original holders are still active) have seen the project constantly updating and going forward and realise the time scale needed to actually code out working software and features compared to marketing these features in a future road map that will never happen. Sadly most new investors do not realise that whitepapers and roadmaps are not the same as designing and coding it out and what you can SAY your project will have can take YEARS to design and code out. That is something that needs pushing in their face 24/7 on the main board. We not only need to highlight bitbay has working functioning software. We need to highlight that many many projects way above us do NOT have and are NOT anywhere near to having functioning designs and even IF they do ever have them these designs are not even battle tested and proven to have any real benefits over what we already have.
If people on this board were more educated in their selection of projects you would see most investment going to bitbay and a handful of other projects.
It's true you never criticize me and I'm honored! And honestly I completely appreciate all the great convos you create here. As for fads, absolutely. When I find one that I really love and have the time to add it we can. For example, I like the idea of sidechains. I like the idea of zero knowledge proof. There is tons of good protocols worth adding if time allows. I base what I add on security and scalability and priority. If I chased fads though then I wouldn't have been able to improve the software and core features. So I guess pick yer poison... yarrr.
ICO's are extremely time consuming to plan and market. I would rather make the peg and then go do it. But actually I really understand where you are coming from. Having the funding is a game changer. But tell me, do you truly think these ICOs aren't faking their volume?!? I doubt they raise a billion dollars or hundred million. Look at Qtum. We KNOW they didn't raise what they said they did and we know that they faked volume because we know Patrick Dai very well. With that said... yes it's another perspective and perhaps a very successful one. Raise money and then deliver. If we had the funding before we could have been far beyond anything else under any brand name. With that said, we are much better funded now than before so I'm happy with what we did.
I see your point about fake profiles... unfortunately I think many boards experience that. Bumping threads is great it's on my bounty list to help push all of our social media. I think we are better staffed than before, there was a lot on 4chan and other boards. I agree marketing is nowhere near where it should be but there is a couple new SEO guys. I am a bit upset we didn't do Facebook marketing while we had the chance and I actually begged the team. So lets put it this way. On some things I'm very happy and others I wish we did better. But the net result is, we did better than before. Heck, I can personally get involved in marketing when the peg is done. Even just a little public speaking should crush it!
Good point. And you know if humans were able to distinguish between journalism and truth (by actually seeing if the alleged product is real) then our world wouldn't suffer half the problems it does! It's going to take time for people to realize that Bitcoin started grass roots as well and as do many other innovators in the space. Man I remember 4 years ago Darkcoin was a premine and I bought my coins for 300 dollars and I mined a few coins a day on my laptop solo!! How things change so fast. We have come a long way. And we can go further.
I do agree with you and our marketing team knows this and they are working hard getting everything in place. I'm sure you can appreciate our Twitter boost, our new site, our new artwork even for little touches like announcements and mailers. A lot of great little marketing touches are starting to happen. Just the other day Munti was telling the team to make sure to do a more concentrated effort to promote our releases. I thought our Christmas surprise was great.
Oh and on that note this is to the community... the poker site side project is being worked on by the dev, he is just dealing with personal family stuff and should be right back to finish it. We were at the point where we should be testing it actually. So please stay posted for that.
Thanks, to the entire community. A new template is coming at the end of the month. I think a countdown was just posted on Reddit.
