Topic: Syscoin vs Bitbay - page 2. (Read 13156 times)

Slowly going up :
https://poloniex.com/exchange#btc_sys
Daily volume around 50 BTC

Great news indeed but no chance sys is worth almost 10x bay. This is just crazy.

Both projects should be valued way higher though compared to most of the coins in the top 20.

You remember it but joined last week. Interesting.

Sock puppets everywhere.

SYS fell down to 1950 on Polo, hopefully not because of the news

Weve got some pending news

Tech wise:
https://steemit.com/syscoin/@keyare/syscoin-2-1-introduces-foundation-for-blockchain-based-identity-platform

http://syscoin.org/syscoin-2-1-blockmarket-updates/


Pruning is the.big one. Solves bloat issue and reduces bandwidth requirement for fresh synchronization with no sacrifice to security

Promises are kept. A lot of development in BitBay. There never was a pump, and the dump was very real    But starting to recover now.
You should work on your fudding a little

Bitbay? I remember this scam, related to blackcoin. Fake promises, fake pump and dump, bagholders have this coin, how can it be compared with syscoin? Sys is solid one.

Bay is already starting to move.
What are you adding in the upcoming releases sidhujag?

Theres a bunch of upcoming releases right around the corner for Syscoin so I'm guessing there is some accumulation in anticipation of those... Bay seems to be going well I'd like to see commit logs to judge what works being done as I don't really have time for multiple slacks but I trust David's doing his thing and it will bump bay up for sure at the time.

BitBay quietly getting things done before huge xmas release but people still buying syscoin and not Bay? I hold both but think advertising plays a huge part in this I think?

It's growing slowly. But more important we are getting the right users. If you look at our thread you will see senior and hero members are over represented. People with experience, contacts, and often also money. They know it takes time to develop something unique. When BitBay is ready to roll out the big guns, we have exactly the userbase we need to take it to the next level.

Is bitbay growing in users yet? Last time I checked it was small project?

looking forward to the new wallet!

Once the BitBay client is set up to stake.

We can then also remind the exchanges that they could essentially create futures contracts.
So lets say a coin holder deposits his Bays onto an exchange like bittrex or c-cex (screw the thieves @ bter).
The exchange could then create different options for the trader to hold coins.
They could ask that the investor to lock their Bays in the exchange for: 1 week, 2 week, 1 month, 2 month, etc.
These coins would be locked in their possession for the allotted time frame. The exchange would have 2 keys protecting the accounts.
These locked coins would be merged into a larger groups of coins. The coin holders would gain incentives with these options because the grouped coins would have more stake reward potential.
They could post these 'futures' contracts on their websites. Traders could tally the info thus creating speculation on price swings upon contracts fulfilling. The speculation would come from the option given to contract holders to either renew the contract or close out and recover stake reward.
This speculation would cause investors to gamble on price during times of contract renewals. They might try to sell off before the 1 month contracts reach fulfillment thinking that the contract holders will be closing out and thus increasing liquidation on the market. Yet that's where the trickery comes into play. If the contract holders don't close out and renew instead, then speculators just sold at a potential loss and not a premium! The exchanges could also give contract holder renewals incentives. For example, if John enters a 1 month contract, upon fulfillment, he renews and earns an extra .5% earnings on the stake reward total. If he renews again add more, etc.

I know this influences people to leave their coins on a middleman exchange, yet with multisig technology. There should be a way to do this with minimal risk

Thoughts?  

Hardly matters. Both are good. Both undervalued, but bitbay is stupidly undervalued. Get some of both but obviously returns are going to be way more on bitbay at this point. If similar in price I still load up 60 40 in favour of bitbay anyway. Yes the info graphic may be a little generous to bitbay in some ways but still it is at least equal to sys if not better and the price is way way undervalued. Both developers seem good guys.

We've already discussed how this graphic is pretty inaccurate, a few pages back. With the Syscoin 2.1 release is becomes even more inaccurate.

Well I've got to admit it's been an interesting few days.

Sucks what has happened with ether because it set back crypto as a whole; might only be a few days, but none the less, it's a set back. Yet at the same time I can't feel sorry for them, the DAO was created straight out of greed because they blew through millions of dollars in crowdfunding in a matter of a few months and then bitched about how they needed more funds to complete the project.
Of course investors could care less about giving more funding, so they took matters in their own hands and created this half ass DAO that they could have cared less about making it right before releasing it.

The greed will probably kill ether as well because they just don't have the funding to continue their 1 million a month salary overhead - unless of course they were shorting during the time of the attack.

That being said, it sucks to see ether throw a massive taint on smart contracts.

So the race is on for someone to take the lead in smart contract innovation.

I'm happy to be invested in Bay at the moment because I see David releasing a finished product ahead of competition. Recently I've been in some interesting convo's about how to create a DAO type system just with the use of the existing Double Deposit Escrow. I can't talk about that here, but I assure you it won't be hackable.

After release I'll probably be using some of my earning to invest in other smart contract coins as well, like Shadow, because I know my initial investment with Bay will be stabilized with the rolling peg technology; no need to worry about pump and dump FOMO.

I think it would be advantageous to sys to follow suit. However, since they are based on storing everything on the blockchain, I'd recommend implementing a smart contract system that is somehow independent of the blockchain.

Interesting times, and good luck all!

Hope BTC hits 2500$ in the next 2 weeks!

Cheers!

To me it looks like BitBay is ahead by miles, but maybe you know something I don't?

Thanks for the discussion. glad to know about it.

Actually if you cared to pay attention to details its up over 25% from when he posted that.