Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 86. (Read 542140 times)

so I downloaded the wallet synced it up and for some reason my coins are not showing up. the block explorer shows they are at my address but the wallet does not. I have tried rescanning a few times but still nothing any ideas.

does the webwallet stake? also how many coins are needed to get a stake reward? as for the peg thing so if the coin is selling for 1 dollar and drops to .5 dollars then it will lock 50% of the coins to bring the price back up?? or am I understanding this wrong. if there is already a post about this feel free to link it as there are 300+ pages of info and I have been reading through it but have not came across it yet. also if I own 500 coins and 250 get locked that means I only own 250 now?? because I cant use the others or are they only locked for a set amount of time?

good news those and blocknet are going to be good places to get added in the future.... taking their time taking off especially block though.

We will fix this to use the most recent blocks timestamp in the future. For now I suppose the fix is correcting the computer clock.

Thanks for the reply I can't really help you with setting up your computer's time (maybe set it to manual would be a solution ?)

As for your fund transfer its easily solvable. 

Don't try to send a new transaction as you will get the same exact problem (unless you correct your computers clock)
The long number you pasted is the signed transaction and just needs to be broadcasted.
The signed transaction time is already passed so it should be accepted by the network right now.
Anyone can send/broadcast this transaction and it can't be modified (as its already signed and if modified the signature will not verify).

You can easily do it from the web interface going to web wallet menu > broadcast.
You don't need to use your email/pass to login you can just go straight to broadcast panel.
Paste the transaction in the textbox and after pressing submit you should get a txid which means you are all set.

For the near future we are planning already a change in how the web wallet is calculating the transaction time and this will effectively resolve problems relating to computers with wrong clock date/times

Yeah. I think I got issues with my PC time which I have tried to fix and yet not working. Its always telling me 9hrs , even on Facebook. How can I fix this?

@brainland
Decoded your transaction and it seems the timestamp was (at the time) far in the future (about 9 hours)
The transaction gets the time from your computer's clock so I believe your computer clock is set ahead of actual time
can you confirm ?

the transaction was rejected by network rules. TX rejected [01000000e5e07b5a018a0e7fa4f09346370de285a7ce174f616f05cd823eb420aeaa24af55ce0f1ad9010000006b483045022100dcfd57738b6a795bcc8347bb5e85373dca7e8d3ba02f005d9f2d1688cb02fb60022059aa8f42c2a42da366450aa5d22d4d3a36303359f068d87ab91773429a00f54e012103565aa5c53fe63a25cd6d432b11b4df6c058173f4b1243aa588f46ad306317afbffffffff0200e8bc0b3b0000001976a914018b2863d39975a5f2dffecf17313845d055d2eb88ac4e6e4902000000001976a914a625ffc5d657e0c7c15581ddc59238325b966ae288ac00000000]

That's what I get

Should be working again shortly

Everytime I Try To Send. I Just Wanna Send and Trade Some on Bittrex But Not Working.

http://explorer.bitbay.market/ is also down which could be the cause

Hey thanks for letting us know, is this every time you try to send or only sometimes? I will have the guys check the logs. I'm guessing timestamp is not always close enough to block time but not sure till we check it. Maybe the node for broadcast is down at times or something.

BitBay added to Komodo BarterDEX

https://twitter.com/ptyx11/status/961017995215671297

Yes, I get same error

Everything must move quickly, tether is also one of the causes of it, they alike increase the supply of USD if it continues to be left.

Did you try a second time?

I get this message when I try to send my $BAY out from the web wallet

"The transaction was rejected by network rules. TX rejected"


What's the cause?

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I've considered that but since I already finished the buy/sell anything template and auctions/reverse auctions then I am only a couple templates away anyways. A few of them are fairly simple except for barter template which is a little more work. So I think it's okay to finish that first. Even if we had it done today we would still need to talk to exchanges so they connect to an API to track the peg.

Yeah good question. When funds are in a contract first the system will make sure only liquid funds go into a contract. Then if funds freeze during a deal you will be able to withdraw the frozen portion using a one month time lock (this is how you are able to transfer frozen funds in general as they are "Slowed down")

The amount your 1000 Bay freezes will be determined by when you received them and the total supply rate. If the supply is at 100% liquid then all coins can move. If the supply drops to 50% liquid and your funds had not moved since the beginning then you would have half of your 1000 frozen and sent back to you in case you try to spend it. Thus you would have 500 frozen from 100-50 and 500 liquid from 50-0. Then when you send a person those liquid funds he may also experience a gradual freeze if the supply continues to drop. If the supply increases then your reserve funds are made available.

When working on the markets your software will automatically make sure you as a merchant get a reasonable amount of liquidity in an offer or else it may notify you otherwise.

During very volatile times we could see the supply adjust a lot in a day. And actually this is the part of this that is more of a balancing act. Should we allow up to 24 changes of 1% in supply a day (when votes are counted) or should we allow less? Those decisions will determine how quickly someones funds could freeze.

When the coin grows in market cap in theory you would see less volatility (as low market cap tends to be more volatile than high market cap). Thus you would see much less of a change in supply in a day.

We are not forcing a specific target with our algorithm and instead going to allow the price to move (hence the name rolling/moving/dynamic peg). Although the same technique can be used to force any currency to X price. We like the idea of giving users more control over their own economy to decide where they want the coin to go in terms of price vs liquidity. And we can adjust some of the variables based on how the tests go and how the market reacts.

BITBAY is a great mode. It's a revolutionary way to trade everything with anywhere in the world. I am optimistic about the future development of this coin.