Topic: I've compared Syscoin, Bitbay & Particl - Decentralized Markets Comparison Table (Read 4055 times)

We (Syscoin) won, BitBay and Particl ded😂

Syscoin >>>>>>>>>

Update

1. BitBay dead
2. Particl almost ded

3. Syscoin is growing and it seems it will be top 100 coin again, which is superb considering how much cryptospace have grown.


Go Syscoin go go

Now, I would say all are good projects, but I like the privacy-focused & community-governed goal of Particl [PART] compared to the others.

What you and everyone so far neglect to say is that the name Bitbay is already diluted from a marketing standpoint. http://bitby.net is a centralized exchange that is wholly unrelated to http://bitbay.market

This fact makes Bitbay a non-starter from a marketing point of view. And sadly as an investment it seems dead in the water.
The best thing for them would be to rebrand under a new name ASAP.

Bay overtaken Particl since this thread started! Rightly so too! Im a big fan of Bay and own a little sys too. Coins with actual use!

Gang here’s the truth.

Plenty of room for multiple decentralized marketplaces.  TONS of room

None compete with SYSCOIN tho.  Ain’t even close.  Ever even check out Blockmarket?

They’re ready to start spinning man.  They are only holding themselves back to be “grandma friendly.”

IMO this is a mistake.  They should be focused on adoption faster.  They may be their own worst enemy but - with the best product and a rebrand coming - I don’t think they can lose first mover advantage.  It’s really an awesome product it will just come down to marketing.

Bitbay and Particl need to focus on what they do well and push it hard now.  If they wait, SYSCoin will pwn them.

Totally agree about Bitbay, a very good project with excellent long-term potential. Has been a bit of a slow-burner for quite a while now.

Both BitBay and Syscoin have huge potentials in 2018.

Hello,

  It looks like Bitbay is getting more attention that has been long overdue.  Posts like this is one of the reasons as to why more people have taken notice.

Thanks
RQDxRocket

Reminder

We are forking November 30th. Download and start using the new wallet now.
The new wallet handles the fork automatically, so you don't have to worry about it once you have installed it.

Posting this here as well in case there are any bitbay holders here that don't follow the main thread.

Hey Sid! Hope you are doing great man. Hit me up on Skype sometime would be nice to chat. 

seems word may be getting out regarding bitbay.... only taken a few years.

eventually the real projects are always going to rise above the dreams and talk fantasy white toilet paper of the recent ico schemes.

yeah i agree. Great to see the attention Bitbay is getting today! Well deserved!

It is especially not useful in that. Please do not do that for it is misinformation. We will coordinate a proper one talking to munti and david near xmas.

OP thank you for making this image!  Awesome work, will become very useful when explaining the differences between the BAY platform and the various other decentralized marketplaces in the future.

The issue is both market places function so differently that to merge one would have to be destroyed. Not sure it will be possible.

Collaboration between the two could be possible when price reaches parity.

I like the design of bitbays market and how novel it is compared to other projects.
I like sys new incentive system to accumulate and hold..

there are pros for both projects

Hey Sid - its really nice to see the way Sys and Bay are working hand in hand for the mutual success.

Just a random thought, as you keep repeating that both the project's targeted audience are different and you both are not direct competitors, have you guys ever thought going for one single marketplace instead of two separate place. In this way you guys can do a better marketing and assuming you have giants like Amazon, E-Bay, Alibaba I feel a combined effort by both of team will have better benefit for both the community.

The decentralised trustless crypto puzzle is piecing together quite nicely now.

Good to see Bitbay and Sys will be on Blocknet decentralised exchange! I think that will see huge volume for both.

Yea the only link right now I can provide is the update on fraud proofs which make it all possible similar to vitaliks idea in his recent paper with poon but we both came to realization of fraud proofs independently so they are probably.a bit different.

https://medium.com/@BlockchainFoundry/core-research-and-development-update-503e450b380c

The other idea of yours is good. Xmas is good because we may be ready with a beta for web interface. Itd be good if you guys have somr web version ready too for a better approach to compare. I honestly think they are so vastly different and fundamentally targetting different target markets that a comparison would probably only make sense in the marketplace context. So perhaps doing a marketplace comparison would.be interesting because they are different technologies to serve the same purpose

That sounds really interesting. Do you have any links so I can take a closer look at that?



Agree. When the ICO crazyness implodes, it's gonna hurt the whole alt sector. And the ones likely to be left standing are coins that have actually developed tech. Both Sys and Bay are amongst the most developed coins.

Edit: Sid, we are a little busy atm, but when we get closer to christmas we might be able to squeeze in tasks of lower priority. How about putting some of your guys and some of ours in a room to make an honest comparison that aims to explain similarities and differences instead of marketing one coin over the other? Seems to me many are invested in both coins. They might appriciate it.

Excellent work !

Well said and a nice honest attitude to have. I do like idea of incentivising accumulation and loyalty this should work well.

Bay or sys

Sys or bay

Bay and sys.

There will be no losing selection here, both of these are far and away more useful and more highly developed (most icos have no real development at all only dreams and talk marketing hype to suck in fomo noobs)

There is room for both and 2 quite different and interesting approaches. Also good to know both devs get on rather well and have a good opinion of each other.

Both are stupidly below value if CMC values are anything like real (which they are not anyway). But still the only thing they both lack is awareness.

Strange that both of these are not top 10 projects already.

I am accumulating bay and sys still at a rate of  4 bays to every 1 sys since it is my belief both are worthy of the 1BN + status already.

I think there will be an implosion of the ICO hyped shits soon and everyone will rush to btc or proven alts with REAL development teams who have ALREADY produced work that functions and has a serious number of use cases.

There are not that many of those so if you can locate them first you SHOULD do very nicely. Nobody can see the future.

Yup ive completely removed any dependence of any tracking or rates information from the core and made it a UI problem like it should have been. Bays price peg is really innovative but in my mind ruins fungibility which core component of a currency. My idea is to simulate the bond market used in todays monetary policy toolbox to create the incentives for stability. The longer term bonds will pay out more but at any time you can still move your coins they are not locked so you retain fungibility of coins whilst still enjoying roi on balances at the same time as providing the security of the service layer that masternodes give above the pow chain. Truthcoin paul made a nice paper why pow is cheaper than anything else but came to a realization that a pow chain acting as an adjucator to a bonded validation(pos) system providing service is probably the best form of blockchain we can evolve to today. Spectre is also an interesting approach I am persuing which is dag but has many other problems. By providing roi and using a quorum of validators to validate services we can do some cool fucking things that were never possible before in a scalable way.

Anyways zero knowledge auth is something sys has that was overlooked here.. its not something that any other coin has its a design decision and development around that design to create a user centric service layer where you can imagine you will login trustlessly to a web portal without even needing ssl and auth transactions and have visibility of ownership of services of those identities logged in. The work in the microsoft DIF partnership is being leveraged into our distinct user identity solution which will provide zero knowledge attestations of user characteristics aswell as following the DID spec to standardize how onchain identity should look like. Anyways I guess the world will just have to see. I have this vision and im acting it out for a few years.. its been a long haul just like davids work but im fairly close now to having all the pieces fit together like a puzzle.

My next big puzzle is how our next gen (version 2 of our bonded validator with blockchain based bonds as monetary policy using the pow chain as an adjucator) will affect all of our services today. Id like to move them over to our pos services layer if possible but they are very specific and efficient smart contracts that are coded into. For any investor reading. It is a good choice either way bay or sys both have great development teams and much better than these latest ICO scams.

 

You mean the 'price tracker' they have named as a peg to try and defuse Bitbays real Peg.

Syscoins is a price tracker which Bitbay have had 16 months . .

What sys calls pegging is what the rest of the world calls price tracking. And the graphic shows that sys has it.

http://peg.syscoin.org/

Syscoin also has price pegging ready to go.

According to roadmap it will be Q2 2018
https://bitbay.market/roadmap/

what?have  you taken note if the comparison chart at all abd seen all the features developed between the two  projects? also have you seen that both  bay and sys were started in 2014? how can you say it took  a long time to launch? long time to market  maybe but not launch? my money is defo on bay. more features developed and right bow massively underpriced so a little money goes a long way and will give great returns in the future.  Plus i used the marketplace to buy some socks just to test it and it worked

Can anyone tell me when Bitbays peg will be. Is it still this winter? From what I understand it Gona make Bay a huge player

  Good analogy  

I agree but that should be factored into the value very heavily around here.

So many projects turn out to be vapour that those that are proven non vapour should command a huge premium.

Its kind of like betting on a race and one horse is about to cross the line whilst others are talking about how fast they are in the stalls.

Still sure thing I think any project can be discussed and analysed.

I repeat, also if we invested our money in different projects we should be able to talk without grudge, being objective and constructive would be the best thing to do, evey dec market has its own philosophy, and it's built or being developed around that. The fact is that the sec has not precise guidlines, cryptos are different, so  we dont know how it will end.  "Whether or not a particular transaction involves the offer and sale of a security— regardless of the terminology used—will depend on the facts and circumstances, including the economic realities of the transaction"
Vaporware guys is a very strict definition, it means a project that gets delayed one two three times years over years. and does not mean necessarily bad because good things released where considered as vp in the past.

Exactly long term durable and proven developers and communities are the ones that will be left standing once the ico time bomb implodes.

There will be a rush to real projects in a few months.

Be patient and reap the rewards of not chasing every new dreams and talk fantasy that exists due only to the fact there is such FOMO in this arena.

Those three altcoin that you tabled for comparison have been through many changes. I like it when altcoin stand the test of time and are still standing. I bought lots or sys coin and i have made some money on them. I am looking forward to see what next in it's development!

like BitBay. He has a future.

For now. Anyone can make their ui using our api however. We need that bargaining chip for now.

Privacy is not the only reason to use a decentralised market place especially a double deposit escrow one.

It is an essential part of end to end trustless enviroment we are all trying to build.

Just as decentralised exchange is.

The only trustless one is bitbay here. The others are not trustless. You will need to trust mods and arbiters.

HOWEVER

Sys is another very good project too that dev is certainly a top level developer and both bitbay and sys have some of the best minds here behind them.

Both are below value but to me bay is further below real value at this point since sys has a 5 x bay cap right now.

I don;t think we should be saying one is better than the other here ...all of these projects have strong teams behind them actually.  I personally would say bay and sys are ahead.

All 3 here are way better than 90% of the other projects here in that they have their own strong conceptual designers/coders of a high level.

Get some of all of them if you wish i dont think the thread should be causing any issue between these teams.

I have a chunk of each of them I can disclose i have more bay that sys and more sys that particl

Simply because at their current values that is what i personally believe is the smart move. If not I would change that around. You can study their designs and make up your own minds of course as is always best.

If you cant decide pick up a little of each i guess or just move on an look at other interesting projects with proven developers and functioning software with real use cases.

Nice initiative to compare these coins
For BitBay it says "Tethered dynamic pegging". I'm not sure what exactly OP ment by that, but I think that might be misleading. BitBays peg is a "dynamic peg" or "rolling peg". It has nothing in common with Tether. It's construction is more like what is known as a "crawling peg" in fiat.

Also I'm not sure if features that are not released yet should be on a comparising chart like this, although Bay and Sys have proven that they are able to deliver on their promises. So maybe it's ok.

In contrast, I am more optimistic about sys, sys development and computing power are very high, the promotion has also done a very good, but safex is not bad, great potential.

Also there is OpenBazaar which probably should be there even though its Bitcoin. Either way Sys, OB and Safex use 3rd party escrow if I'm not mistaken.

And to the people posting above indeed Safex is no more vapor than SDC/Particl. Perhaps it should be there?! Isn't there also an Ethereum one?

A good comparison by the OP however indeed it seems to have attracted a lot of shilling for BitBay. This was posted to our slack and BCT
and people responded (I'm the dev). The thing is, I think everyone gets defensive of their investments. After all, they invest in what they believe in. This is
almost too commonplace in crypto and at times it does indeed hamper insightful convos. Just stick to facts and look at features!

I think another one of the points (taking features of BitBay and comparing across) is actually inaccurate. BitBay has a lot of working features.
So even if you took every SYS feature or SDC feature (I think SDC doesn't have too many unique features yet?!) it would have still turned
out this way. I've always argued that there is no comparison because the software has been worked on for almost 4 years. Plus we don't use 3rd party arbiters.

It is actually my personal desire to see the other coins create more features and definitely honor their promises and not be vapor. It's no mystery that
vaporware is one of the most dangerous things to investors. It is a cold hearted reality that many projects that raise X millions will VANISH into nothing
and never deliver on their promises. This has already happened too many times. It is what is hurting the altcoin industry actually. People shouldn't invest in pretty websites. Coding crypto is hard work and they should invest by the sweat on someones brow not by their fancy suit or "accolades".

With that said, I hope Safex, Particl and others deliver software as the world needs more research in these areas, more coders. Dividends on the markets
are a very interesting idea. But I would be a bit worried about SEC and other types of agencies trying to mess with them by crying security (is this a concern or not)?! A dividend model is indeed an amazing crypto model and I'm surprised more projects don't do it. Perhaps because of the risk I just mentioned.

You forgot to mention safex! Very undervalued coin! it's worth checking it's features

Yes every ico is vapourware and yes particl is vapourware as is safex.  Safex isn't  part of the disscussion here. I guess he didn't include it because he didn't know about it or thought it wasn't worth mentioning because it's so far behind. .
[/quote]

It should be. It has way better features. Alpha is coming out before December 1 with the market in April. For sure not first movers, but it's not like any of the competition has reached mass adoption and the price is all relatively similar. Privacy is important and without that all the other coins are playing Ebay on the blockchain. Safex also seems to reward hodlers more. 113% dividends estimated the first 6 months if every single coin gets locked in the wallet. In terms of anonymity in the dark market it's down to Monero and Safex.   Safex is even in the liberland "vault" so it has a much better chance for mass adoption imo. The developer at Safex is a diplomat there so he has big league connections.

Yes every ico is vapourware and yes particl is vapourware as is safex.  Safex isn't  part of the disscussion here. I guess he didn't include it because he didn't know about it or thought it wasn't worth mentioning because it's so far behind. .

Obvious shilling for Bitbay is obvious. Please OP, don't think your biased table will trick serious investors. If you had something honest to say you would have gone ahead with a balanced discussion.

For those less familiar with the crypto world, the OP wants you to invest in something he's already invested in. Instead of admitting he's advertising he pretends he's made an unbiased comparison that he then, conveniently, placed in an attractive and persuasive table with pleasing graphics.

I don't pretend to know which coin is better but I do know this thread was never meant to give you an unbiased opinion on Bitbay.

I agree, I don't know a great deal about this space, but Safex seems like a great project/community, and is no more vapourware than many projects out there (e.g. particl) - in fact development seems to be stepping up, but perhaps some bigger investor of safex can chime in here

There's likely to be space for many marketplaces with features unique to them, so perhaps we don't need to start a war, other than to say this certainly one to watch out for

You realize how stupid your statement is? following your logic every ico is vaporware, you dont know the definition of vaporware, particl is vaporware they already failed with shadowcash providing an anon coin and now are retrying to fool people with a rebrand. thank to you it isnt possible to make a discussion, you are behaving like religious people attacking someone because he said something that you dont like.

How can you fall in love with an idea? They only have vapourware. Probably why he guy didn't even bother comparing it.
Worst thing you can do is fall in love with a coin like people do with religions  just because you invested in it. 

I also love SAFEX!I think the dividends will attract a lot of long time holders. And also the devs are really active and communicating with the community every week about the progress.

Both three coins are good but bitbay is very undervalued right now they offer alot of features other than 2 coins yet they have the lowest price out of them i hope people notice this coin rather than shitcoins out there syscoin is good too but bitbay is superior.

It depends on what you mean by superior. Why are we using decentralized anonymous markets in the first place? Privacy.  Unfortunately none of the coins on the graph offer that. If you check the graph you'll notice none of them use the ring signature method. Why is that? Can they really claim to keep our transactions private?

Thank you for this comprehensive comparison!!! I was actually wondering about this myself. It seems there are many ICOs these days that have  the same basic idea, though the devil is in the details on which ones are superior.

Hello everyone, I apprecciate the effort trying to do the comparison between decentalized marketplace. I think that inevitably there are some logic flaws in that work, it's easy to do a comparison table in that way, you took features of bitbay compared to others that maybe maybe are following a different path, i can make two comparison table taking in exam ps4 and xbox one and showing different points so having different and opposite final toughts about it
It's a bit strange and unfair dont you think?

I will start talking about philosophy and the reason why of the projects, first of all, if a project is not 100% open source is not open source at all. Everybody would agree on this.
who cares about social media followers? it's so dynamic, it add nothing to the project.
Then a transaction cant be truly anon if i'm allowed to use btc or any other currency non privacy focused.
beside to do odd comparison and even not completely fair vs the others we should talk in a constructive manner trying to understand each other what kind of direction they are following.
Personally I invested in Safex, i like the vision and reasons behind it, being truly anon it's not related to deep web stuff but to improve your own security on the net. I prefer the concept of dividends more than proof of stake also.What are your thoughts? I'm skeptical about particl because of the shadow cash case.

Guys I just found out syscoin isn't 100% open source

Open source with closed source markets

FYI: When I googled Bitbay, I picked the wrong site, and went to https://bitbay.net/en

The correct one is https://bitbay.market/

Nice work OP! I'm invested in SYS already, who have a great team and very responsive in their Slack. Great community.

Looking at BitBay, it's very interesting indeed, $0.02, but quite high supply of 1 billion coins. Still market cap @ 24mil, this thing is quite undervalued.

Thanks for bringing BitBay to my attention!

Thanks for the list , the chart really made easy to pick the differences. have never looked towards Bitbay... I think am going to check it and DMOR.

Thanks for putting this chart together. It’s so well done. I love sys and I’ve neve looked at bitbay more than just a glance. I will take a second look now.

That is really a great comparison from someone who has made own researches of these 3 currencies.

As everyone can see Bitbay is much more superior on its functionalities as well as it is undervalued.
Once people see the opportunities for Bitbay it will be a game changer for all of us.

Regards Anoxy

Both sys dev and DZ are both very active devs compared to other projects.

Both are great but both are super busy right now like you say coding and designing.

I was going through an old thread "Sys Vs Bay", looks like until last year things were so smooth... Surprised to see Sys dev spend lot of time and replying to community's ques.... today the growing trend devs are so busy in developing proj n no time to answer in slack or BCT.....

After talking with the bitbay dev there seems very little he can not do if he wants. Most projects are copy and paste devs or failing that don't have a developer that can even code nor design.

although all 3 projects here do not suffer that handicap... all have very capable teams

Thanks for putting this together. I think there is so much potential for crypto in this space... all 3 could potentially succeed together. However as of right now, like everyone else here says... BitBay is obviously the true performing underdog. It's tech is so much further along than any others. Real estate transactions have taken place using their smart contracts, and they've already completed what is only on most other's roadmaps...

thats what the dynamic peg/ther will do in Febuary. It will freeze and unfreeze supply - which will be down to the wallet owners to vote up or down on a daily basis

Bitbay needs to cap its coin supply like sys and particle. All three have potential.

Great to see this! David Zimbeck is the mark zuckerberg of crypto

When bitbay does finally get taken seriously and they complete the rest of their road map it will be a top 10 project.

I like sys too and it is better than 99% of other projects here.

Bitbay however at this price is CRAZY below value.

I can;t believe people pouring 100s of millions into these new ICOs that have nothing believing they will get returns but ignore advanced projects by real proven developers because they are not brand new projects.

The new ICOs teams mostly don;t even have any real persons appropriate for crypto. They are simply failed start ups sucking in fomo noobs here who here ico = the new way to multiply their btc.

How wrong they are going to be.

Hello,

  Its obvious that Bitbay has far and away the leader but the marketing is what is holding this coin back.  It has definitely came a long way but STILL no one has heard of Bitbay and those who have are mainly from the ICO days when all of the money for marketing etc was stolen. 

  Everything listed on the chart for Bitbay is correct.  It all functions as it should and there is no other wallet that is even close in comparison.  David (the developer) is the reason Bitbay is where its at today. 

  Thanks

Wow nice to see such a complete comparison table
Will BitBay finally be recognized for it's true value?

bitbay or bitpay lol! hope that was a typo!

Seems nice but really seems that only one of them really works. Been saying it for year Bitpay will be the one which is going to get mainstream once BTC hits the average champ out on the street.

Been saying this for years. 

Good to see others taking notice

I have spent a few days finding out about decentralized stores and markets as I see that been huge once Bitcoin hits the mainstream. I know of 3 and invested 5BTC into each.  I first invested in Bay last year and recently bought into Syscoin & Particl. Interest got the better of me about what and how they work so spent some on each of these coins slack groups. All 3 groups were helpful in answering my questions . I spend hours on their websites, reading the whitepapers and forums looking at what each offer and have created and this is the graph have created.  

I did try and be as fair as possible to all 3 and apologize if I don’t have all the tech they have developed but did give them the opportunity to tell me on all 3 slack groups and if the information isn't available on the websites how are investors suppose to know?
Upon reflection of the table I can say I see a huge gap for growth with Bitbay. It has the most features and the cheapest by a long way and has better distribution. I’m aware their marketing budget was stolen at the start so this could be the reason why its under the radar but  I think I have found a highly undervalued coin. Im very interested in all 3 projects and looking forward to Particl’s  first release, Syscoin’s mainnet release and Bitbay’s rolling peg implementation . From my understanding it will be a big competitor to Tether, but with daily gains of 1% to 3% depending on wallet owners voting.

Not sure if the image will publish but if it is then it worked! lol