Topic: Syscoin vs Bitbay (Read 13147 times)

Sys coin is good [Suspicious link removed]d team good technology
There is good time to buy sys coin for long term trading you can get a good return for long time investment

Both Bitbay and Sys are the first 2 alts to be incorporated into Blocknet. Sys last week and bitbay this week.

SysCoin (SYS) have already benefited from high interest on the part of the traders, under the probability of activating SegWit, in this way the trades have taken advantage of the appreciation of both altcoins. SysCoin's (SYS) history is almost identical to DigiByte (DGB) having presented a modest increase in April 2016, the price remained US $ 0.01 until the release of SegWit about a possible activation, causing its price to rise in Around US $ 0.03.

I don't understand what you are asking?
Bitbay can sell private items. If you create a private store people can only enter the store if they are invited. So you can sell whT you like and you have control over who can shop in your store!

Can I say that if you are going to create a currency you need to be able to use it and spend it! Otherwise they are pointless and useless! What can you do with your Dogecoin or namecoins or dashcoins??? You need a market to give people the opportunity to use them. That is what these alts are doing. If they are useless the will die eventually.

hi, i not read 2 page of this thread than already this go in clash sys vs bay  

so i will try be neutral in my question..if someone can respond me simply without rage envers one or other project i would be grateful.  

the problem with decentralized market is that yu must accord yur confiance at a or b part..this is available for digital item in sale.

But if yu want selling tangible item..what happens at that time ? yu must accorded yur confiance at 3 part (c)..this can be postal service or customs..so how sys or bay can resolve this problem ? if the package is lost or robbed..how to negotiate ? what is to be included in the contract ? i suppose yes..but who will take the décision of liberate funds ? if 2 part are not in agreement ? because in this case seller lost a item and buyer lost her money ? If a third party can not compensate for the loss..these markets does not risk to make white cabbage or limited to sale the digital item ?
 
(there are other problem that i not enumerate like counterfeiting or broken item or robbed...)

Of course..for this genre of buying yu can choose to buy at  trust sellers or take an assurance like special postal package..but it may cost you more..especially if you trade internationally.

From what i understood sys seems like ebay (semi auto)..and bay like openbazar (full auto)..but sys give 0,5% for arbitrator..which can be hight for a purchase of more than a hundred dollars or more..so i think bay have better policy..it(s both double trapping..but is more risked.

sys has another function that i like than bay have may be not..its sale of private item..to my knowledge no market does this..thats an exclu sys  


I think that these 2 projects are very successful..maybe more that dark market..succes of sys will may be opening way for bay..but problem is same..the 3 part..you must take into account this determining factor in your purchase / sale which can be a factor for fraud..and more still complicated for newbe..because it is so much easy to go out its cb and to buy on ebay or amazon..the simplicity this is what peoples of common world research.

Talking about how you incorrectly term what a peg means in the context of syscoin rates peg alias... its an agreement as per definition of a price peg. Bay is using intervention to do its peg with usd. Both are using price pegs.

Syscoin offer price can be pegged to usd or any other asset simple as that... its more than a conversion done at sale which is what im trying to explain to you...

The last sentence just means that syscoins integration with external coins is not merely as simple as depositing a coin and using it as collateral for a manual process.. for one no deposits are necessary so it has to be a more involved integration for it to work and it does work rather well.

I hope you understand this time... cause im usually mobile so if you need further clarification i can sit down and try to explain better... or better yet we can talk about it by referencing the whitepaper when im done.. that might work better

I have explained the difference between a calculator and a peg to you before:





Your last paragraph is a perfect example of how nothing makes sense anymore when you confuse a calculator with pegging



1 Sys is not pegged to anything
2 Bay is not pegged to Bay. Bay will be pegged to US$
3 Please clarify if you are talking about peg or calculator in this sentence: "although bays peg is stricter and users have no choice but to pay with those rates because intervention enforces it.. with sys if users dont like the peg rate they can either choose not to buy that item or merchant can use another rate peg alias which follows rates more closely or offers an asset coin or fiat that another doesnt offer."
4 I agree its not the same level of integration if you are talking about pegging. The rolling peg that BitBay will implement is a fundamental feature whilst our, -and syscoins, calculator is a handy add-on or service.
5 Your last sentence is correct provided that any other coin follows our example and develops a market and a safe way to do business that allows for any coin to be used.

"
Definition. When the price of a security, commodity, or currency is fixed at a certain amount either by agreement, or intervention in the market. This is commonly used to stabilize or fix currency exchange rates, for example many international currencies are pegged to the U.S. dollar."

Thats what a price peg means.. yours is by intervention mine is by agreement. By agreement means i can lookup at any time what that agreed rate was and use it in consensus to ensure historical payments were correct and its part of the blockchain network security...

So do you actually enforce the btc to bay price at time of sale in consensus code to ensure that thr payment was correct at the time of sale?(imagine having to resync and needing to lookup the rates)... yes sysrates.peg is just another form of peg..

In actuality, sys can peg to any asset or fiat or coin while bay will peg by definition to only bay...although bays peg is stricter and users have no choice but to pay with those rates because intervention enforces it.. with sys if users dont like the peg rate they can either choose not to buy that item or merchant can use another rate peg alias which follows rates more closely or offers an asset coin or fiat that another doesnt offer. This is the beauty of using blockchain services rather than just p2p.. and if you say bloat is an issue its not cause after expiration i prune both the db and the transaction from being spread across to other new nodes syncing up to reduce bandwidth and storage equirements

So it is not really the same level of integration at all... any coin then by your definition supports any other coins payments lol.. better just to say only bay is supported or people will get false impression

Correct



We only use conversion calculator (what you call peg, lol) for Bay-US$ and Bay-Btc. Those that need other conversions in their contracts will have to wait til we release the ability to write your own smart contracts in phyton.

Its design decisions really.. if you design properly with the right decisions instead of cutting corners and base strong base then everything on top not only works properly but is fast.. it takes years to master software design but really is invaluable.once a software professional uses it to guide the construction of an architecture... i think david is also good at it although i havent seen code yet speaking with him makes me feel that.

 I can tell you that most of the revolutionary designs tend to go against conventional thinking as it takes outside the box thinking to make something that fulfills vision that noone else has but.one can see where the market is headed..to know where the market is.going before anyone else does and actually do something about it... there are very few of those around... mostly copy and paste and rehash designs which already exist to capitalize on the goldrush. Sure that may pad your pocket but no sense of satisfaction that you actually better the world which is what those types of people strive for that we are looking for in crypto.. there are few and far between but anyone looking at investing should really look for that type of person heading the ship to know its not just a pump n dump attempt and releasing vaporware

It doesn't right now, however it was deemed essential or useful and the pros out weighed the negatives david would code in some privacy or anon features. Some have been discussed already.

Its a shame this thread is bay vs sys as if there can be only one. There is room for both and each approaches things slightly differently. I like both but see bay at this price as the better roi and david is also a pretty down to earth decent guy. It is impressive how quickly you incorporated zcash though well done. Upon completion both should be around 50m+ MC really if they get even the smallest success.

Oh ok so they deposit bay for escrow but what facilitates the external token transferring and validating? What stops someone from using the same payment say in btc twice to fool merchant? If i understane basically its bay held in escrow and then you have to manage transfer of fiat or any other coin manually and if they screw around their deposit goes out the window?

Also how would you know what the conversion rate was at.time of sale i put this info in sysrates.peg which rhe offer can query and get any fiat asset or token rate and validate payment amounts in consensus code making it secure to the network and not just off the record sanity checks which is prone to mistakes and other issues.

Bay itself is not anon. But you can use zcash or any other anon coin on our market (If you want to use double deposit escrow, you still need Bay for the deposit)

Does bay do anon? Sys 2.1 supports zcash payments now

You'r right. Without whale dumpers we should expect i nice increase in price. That's good news for both BitBay and SYS I think. A price increase for Bay will draw attention to the solutions Bay and SYS offer. 2016 has been very much about anon. Now it's time to focus on how smart contracts and decentralized markets offer advantages to mainstream users.

Here we go! Looks like the theifs from the ICO are all out & dumped and it's skywards now!

Watch Bitbay catch-up to syscoin!! Blast off!!

Fake promises?? Download the software bro. I delivered the worlds first decentralized markets.

http://motherboard.vice.com/read/this-decentralized-bitcoin-market-is-for-legal-stuff-only

The only pumping was done by the idiotic founders who wanted to harm my reputation. But they left the project... but I'm the dev, I never left. And I didn't even get much of what they raised.

Delivered decentralized markets and like 15 other features.

Sure the market cap is small, so what. I can't force people to use the best software in crypto haha. Its got the worlds best security like asynchronous payment and multisig, unbreakable contracts, decentralized markets, automated joint accounts, steganography(hiding things in images like keys), 100 languages, a live python interpreter and a bunch of templates.

So what does Dogecoin have? Nothing? Yeah thats right... just more volume. What does Litecoin have? Nothing its just old like Bitcoin. Bitbay and Syscoin at least develops and they should be above Dogecoin dammit.

Download the Bitbay software, see for yourself. It works perfectly fine. And when its pegged and templates are done? Game over. I will deliver unless I die haha.

So your best idea of getting a return on a coin is to choose those already at the top?

Although having said this your coin choices are good also. But I don't think you can expect the returns on those you can on 500k -1m cap coins. Besides look into both of the coins being discussed and you will see they have a lot to offer you and most are unaware of.

BAY and SYS offer quite a bit compared to coins way higher in market cap. Bay i would say is an opportunity at this point if the project reaches completion which I think it will.

bitbay ans syscoin not hebest choose investment in altcoin
syscoin and bitbay same not popular and low volume transaction

i think is good coin in now
1 ethereum
2 litecoin
3 monero
4 icn iconomi
5 anthsare

I'm holding both