BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 99.

Munti

hero member

Activity: 661

Merit: 504

Quote from: bribed on December 08, 2017, 03:25:43 PM

I recently downloaded the BitBay client and am nothing but impressed. This seems far better than anything I have seen so far in crypto, definitely ahead of its time. Kudos to the dev, this is awesome work. I understand now why many people are really impressed and hyped about BitBay. If all those features will be launched and working this will be huge!

Im not really tech savvy so I was wondering if if I only download the client it will also sync the blockchain? It seems like it does, but on the BitBay website there is also another download called "download Blockchain", can someone guide me here?

Another question is: are there already trades happening on the client? It somehow didnt show anything for me (I didnt wait until all blocks were synced though, do I have to do this in order to see the market?).
Thanks in advance, cheers!

Glad you like it. We are quite proud of what BitBay has already accomplished

Yes, the client will sync. The blockchain download is for those that don't want to wait for the syncing. You can download it and replace the files in your bitbaydata folder with the ones in the download. We replace that download every now and then, so it will normally take you to 85-99% synced.

Yes, the marketplace in the client is in use. all kinds of items are sold and also OTC deals for coins. The most spectacular trade so far has probably been this: https://medium.com/@tradersnow/how-i-sold-5-acres-of-land-using-bitbays-trustless-smart-contracts-28f18b83125 The activity on the marketplace is not high yet, but we are working on that. The marketplace runs over bitmessage, and that entails that you can only see contracts that have been posted or refreshed after you joined, so it can take a little while before you see everything that is posted. We have a bitmessage server ready that will make it possible to see all contracts imidiately. One of the coming updates will give you the option to connect to it.

bribed

full member

Activity: 238

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I recently downloaded the BitBay client and am nothing but impressed. This seems far better than anything I have seen so far in crypto, definitely ahead of its time. Kudos to the dev, this is awesome work. I understand now why many people are really impressed and hyped about BitBay. If all those features will be launched and working this will be huge!

Im not really tech savvy so I was wondering if if I only download the client it will also sync the blockchain? It seems like it does, but on the BitBay website there is also another download called "download Blockchain", can someone guide me here?

Another question is: are there already trades happening on the client? It somehow didnt show anything for me (I didnt wait until all blocks were synced though, do I have to do this in order to see the market?).
Thanks in advance, cheers!

vlom

legendary

Activity: 1498

Merit: 1117

Quote from: cryptohunter on December 08, 2017, 11:51:17 AM

lol exactly no confirms after 18 hours for me with btc and reasonable fees.... why have people not switched away from this dinosaur ?

when these new investors find out you can get crypto space shuttles for a fraction of the price of crypto roller skates the deserving alts will go crazy.

maybe already a lot of people switched to LTC to move their coins to an exchange on which they are able to cash out into fiat. i had to cancel my LTC sell orders because the price went up so fast in the last hours.

but back to BAY now.

cryptohunter

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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

lol exactly no confirms after 18 hours for me with btc and reasonable fees.... why have people not switched away from this dinosaur ?

when these new investors find out you can get crypto space shuttles for a fraction of the price of crypto roller skates the deserving alts will go crazy.

vlom

legendary

Activity: 1498

Merit: 1117

i tried to buy one of these cats but was not able to transfer some ETH. and i wanted to transfer all my BTC dust in one wallet. no confirmations for more than 12 hours. the hype will fade out and after the dust settled i hope that tools like BAY will receive the attention it deserves.

cryptohunter

legendary

Activity: 2100

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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Picking the right altcoin is always eventually going to make you magnitudes more btc than just holding btc

BTC is the safe bet
Alts are the risky bet

The right alts are a sure thing

dzimbeck

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Activity: 2412

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Quote from: toknormal on December 07, 2017, 09:51:48 PM

Quote from: dzimbeck on December 07, 2017, 09:18:40 PM

Right and also if Bitcoin is a million dollars a coin (which isn't going to happen because it can't scale)

For scaling to be an issue, you need to have the problem first Wink

In fact bitcoin is scaling quite nicely. Derivative markets, debit cards, secondary networks, you name it. It isn't the blockchain's job to scale traffic, it's its job to scale value.

It's not scaling nicely, I had to pay 200 dollars in a transaction fee just to send my coins, they have massive backlog of transactions, some transactions never get into the chain, it can only process 5 transactions per second, lightning network isn't even close to done.

I'm bullish on Bitcoin sure but let's face reality, this thing is about to hit some serious grind.

Look at what a simply little app is doing to Ethereum.... then imagine 1000s of apps.
http://www.bbc.com/news/technology-42237162

dzimbeck

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Quote from: noobtrader on December 07, 2017, 11:24:03 PM

Quote from: dzimbeck on December 07, 2017, 09:18:40 PM

Right and also if Bitcoin is a million dollars a coin (which isn't going to happen because it can't scale) then altcoins would boom anyways.

A Bitcoin rise never hurts altcoins in the long run because holders of Bitcoin simply have more spending power and thus more inventive to diversify. Plus it draws attention to the industry and brings new people in. Also Bitcoin price rising drags up the fiat value of altcoins.

Granted I'm one of the first people to get upset that I don't hold "more Bitcoins" due to not selling. A mistake I've made oh about... let me see... a bazillion times. Don't be afraid to keep repeating that mistake because we aren't psychic. It's very easy to look at the past and say "oh I should have done that".

To test start with a quarter. Call it heads or tails. Lets say you call tails. When it flips to heads simply say to yourself "Oh damn I should have chosen heads, I knew that... next time I'm gonna choose heads." Just don't get upset if you keep guessing incorrectly.

trader dont use coin flip to trade, its too random... we trader use chart, its less random and give somehow more insight on how the market react.

True, however that wasn't my point. I was saying hindsight is 20/20. And long term bulls tend to do better than short term bears.

Figatko

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I still don't know what was two secret summer projects. Can I hope the Christmas surprise will be great?

noobtrader

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Quote from: dzimbeck on December 07, 2017, 09:18:40 PM

Right and also if Bitcoin is a million dollars a coin (which isn't going to happen because it can't scale) then altcoins would boom anyways.

A Bitcoin rise never hurts altcoins in the long run because holders of Bitcoin simply have more spending power and thus more inventive to diversify. Plus it draws attention to the industry and brings new people in. Also Bitcoin price rising drags up the fiat value of altcoins.

Granted I'm one of the first people to get upset that I don't hold "more Bitcoins" due to not selling. A mistake I've made oh about... let me see... a bazillion times. Don't be afraid to keep repeating that mistake because we aren't psychic. It's very easy to look at the past and say "oh I should have done that".

To test start with a quarter. Call it heads or tails. Lets say you call tails. When it flips to heads simply say to yourself "Oh damn I should have chosen heads, I knew that... next time I'm gonna choose heads." Just don't get upset if you keep guessing incorrectly.

trader dont use coin flip to trade, its too random... we trader use chart, its less random and give somehow more insight on how the market react.

toknormal

legendary

Activity: 3066

Merit: 1188

Quote from: dzimbeck on December 07, 2017, 09:18:40 PM

Right and also if Bitcoin is a million dollars a coin (which isn't going to happen because it can't scale)

For scaling to be an issue, you need to have the problem first Wink

In fact bitcoin is scaling quite nicely. Derivative markets, debit cards, secondary networks, you name it. It isn't the blockchain's job to scale traffic, it's its job to scale value.

dzimbeck

legendary

Activity: 2412

Merit: 1044

Quote from: Munti on December 07, 2017, 07:16:16 PM

Quote from: NOhardforkplease on December 07, 2017, 05:54:06 PM

The alt coins market is a crazy bussines, once upon a time the alts went up when bitcoin went up. Now it is the other way around, it is a bloodbath at the moment. If bitcoin is going to 500.000 or a million dollars then the altcoins are priced at what? A few satoshi? Iam going to change my strategy bigtime, that is stockpiling and hodling bitcoin.

Alts going down when bitcoin goes up is the rule. The opposite has been the exeption. You want a lot of bitcoin? Make sure you are in alts when the tide turns.

Right and also if Bitcoin is a million dollars a coin (which isn't going to happen because it can't scale) then altcoins would boom anyways.

A Bitcoin rise never hurts altcoins in the long run because holders of Bitcoin simply have more spending power and thus more inventive to diversify. Plus it draws attention to the industry and brings new people in. Also Bitcoin price rising drags up the fiat value of altcoins.

Granted I'm one of the first people to get upset that I don't hold "more Bitcoins" due to not selling. A mistake I've made oh about... let me see... a bazillion times. Don't be afraid to keep repeating that mistake because we aren't psychic. It's very easy to look at the past and say "oh I should have done that".

To test start with a quarter. Call it heads or tails. Lets say you call tails. When it flips to heads simply say to yourself "Oh damn I should have chosen heads, I knew that... next time I'm gonna choose heads." Just don't get upset if you keep guessing incorrectly.

Munti

hero member

Activity: 661

Merit: 504

Quote from: NOhardforkplease on December 07, 2017, 05:54:06 PM

The alt coins market is a crazy bussines, once upon a time the alts went up when bitcoin went up. Now it is the other way around, it is a bloodbath at the moment. If bitcoin is going to 500.000 or a million dollars then the altcoins are priced at what? A few satoshi? Iam going to change my strategy bigtime, that is stockpiling and hodling bitcoin.

Alts going down when bitcoin goes up is the rule. The opposite has been the exeption. You want a lot of bitcoin? Make sure you are in alts when the tide turns.

NOhardforkplease

member

Activity: 84

Merit: 10

The alt coins market is a crazy bussines, once upon a time the alts went up when bitcoin went up. Now it is the other way around, it is a bloodbath at the moment. If bitcoin is going to 500.000 or a million dollars then the altcoins are priced at what? A few satoshi? Iam going to change my strategy bigtime, that is stockpiling and hodling bitcoin.

Munti

hero member

Activity: 661

Merit: 504

Quote from: bumbumgranada on December 07, 2017, 11:16:09 AM

I want to voice my concern regarding the insane rise of bitcoin at the moment and the possible consequences for the value of BitBay. Because bitcoin is so connected to the alts a possible crash will most likely impact the alts negatively. Imagine if Bitcoin is going to crash next week, what will happen to Bitbay? During its last small contraction Bitbay went down as well.

Look at the big picture. Expand your time horizon. When bitcoin has crazy bullruns, alts tend to follow once it slows down or retraces. And at the end of the day the whole sector has increased in value.

bumbumgranada

newbie

Activity: 1

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I want to voice my concern regarding the insane rise of bitcoin at the moment and the possible consequences for the value of BitBay. Because bitcoin is so connected to the alts a possible crash will most likely impact the alts negatively. Imagine if Bitcoin is going to crash next week, what will happen to Bitbay? During its last small contraction Bitbay went down as well.

Munti

hero member

Activity: 661

Merit: 504

Quote from: Asimmo on December 07, 2017, 03:37:59 AM

Any news or update regarding pegging plan?

Only what you find in roadmap https://bitbay.market/roadmap

Asimmo

sr. member

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Any news or update regarding pegging plan?

dzimbeck

legendary

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Quote from: 88998899 on December 06, 2017, 03:22:54 PM

Hello,the BitBay team! I bet several POS coins,including BitBay on the same computer.You can do multiple bets?May affect the amount of mined coins?

You can mine more than one altcoin at a time, it might reduce probability of getting a stake if you don't have enough RAM. It depends on how many you run.

Kadachi

newbie

Activity: 26

Merit: 0

Bitbay is currently going to take new highs in q1 of 2018

Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 99. (Read 542140 times)