We all are, however we should meditate on the issue of depending on 3rd party services. We will eventually find a permanent home on a DEX. Just a matter of time. We will keep persisting. Exchanges are the weak link. The large cover charges, the gatekeeping, the exit scams. We have to always have alternatives.

Thanks everyone, yeah we will keep moving forward. I really wish I could wave a magic wand and the liquid marketcap would be in the billions. However, the actual moves will be a grind. And that's okay, we have done it before. We know our focus, angles, exchanges, etc. And very soon our web wallet will be updated.

Oh people always get confused with that. I do not run BitBay exchange. That is a Polish company that was founded at the same time. Although we had more recognition than they did in the beginning. There was a lot of recommendations to rebrand but we never did as exchanges come and go. This was stated many times on our forums actually. Now with that said it would be nice if we did have a cash cow because if we had that kind of cash flow we wouldn't be in this situation.

And thanks for clearing that up, I know you have been a supporter. Just was clarifying that we have done everything possible. Honestly, even I have lost some faith. Not in the ideas or the tech but just in the consumers and crypto space. It's really hard to stay motivated after everything we have been through.

I'm definitely not happy with the exchange. I believe the funds are safe however we aren't able to audit their code. We have done everything on our end to insist on exchanges following our rules and protocols for integration. We are well documented and Latoken assures us many times its not the fault of our code, they say it's bugs on their end. I don't blame you for being upset. We ask the exchange almost every other day or two for an update. Trading was supposed to be live days ago. I don't know when it will be live again however we are waiting just like you guys are. With that said, we are going to need better partnerships and next time the exchange should allow us to do an audit of implementation or we don't go into the deal. The thing is to move forward we need some big angel investors or large scale liquidity providers who are willing to step in for a good amount of BAYR/BAY.

Not sure why you take it personally as we all are experiencing the same setbacks. Who isn't effected by this? Our entire team is no longer even getting paid except like a couple people. You and everyone here had many opportunities to make a great profit over the past 6-7 years. Some people becoming millionaires from almost nothing. Also you should remember after Bob/Dai/Lin/Gecko left the project in shambles our marketcap was almost nothing and we also had very few exchanges with no volume. And we recovered from that skyrocketing to .5 billion marketcap.

Altcoins are currently demolished from the bear market. Even if we start trading on Latoken again we would need a strategy to expand our liquidity.

So therefore what I mentioned, looking for liquidity providers and exchange partnerships are our best way forward. That includes anything in house which could drive profits or DEX options.

Nobody should be under any illusions, it's very difficult for us when most of the exchanges stole our listing fee. But you know what, if they had actually listed and our users put BTC on those platforms the exchanges would have stolen that too.

This is why the best option is advising multisig exchange and DEX as more secure trading options. Getting a large scale liquidity provider or a series of them can drive up buying power. There are options, we might not succeed but we are still doing better than many other projects that got completely destroyed by the alt crash.

I feel like my only major mistake personally was not cashing out more. If I had taken out a couple million when things were doing well, we wouldn't be in this situation. The problem is many other investors who took their profits didn't really give back to the business that enriched them.

I'm not happy that we are in this situation however consider it is not BitBay that has failed you, it is the Bitcoin/altcoin community that has turned their back on brilliant projects in favor of pumping premined vaporware with their criminal exchange friends who wash trade their garbage. That sucks out all of the honest money. And furthermore its the fault of investors who reward scams. The sheep who don't invest in powerful world changing technology. Bitcoin should have taught people to invest in fully decentralized products but nobody listened and they gave their Bitcoin fortunes to vaporware. It's the fault of the mainstream media who censors projects and promotes vaporware in favor of real tech that they fear as competition. It's the fault of Coinmarketcap and Coingecko for applying new rules to veteran projects and then picking and choosing who they want on the charts, letting some projects break their rules and while CMC deletes our charts every chance they get. Its the fault of exchanges for being too lazy to integrate wonderful cutting edge technology and instead giving the limelight to proven scams (like Qtum)  because they have an insider deal to pump garbage. It's that behavior which led altcoins into a depression, dragging the entire industry of good projects down with the garbage. So BitBay no matter how golden the project is, is not at fault for the actions of the foolish/greedy majority.

It cannot be denied that this project has decentralized markets on the level of TOR security. It can also not be denied that we were the first decentralized peg in the world as well as unbreakable contracts which are a huge benefit to industries without trusted escrow methods (and there are so many). So do we then take away from that technological milestone because it wasn't "popular" enough? Even if we fail, we did the right thing. Isn't the current events of today obvious we live in some sort of draconian 1984 nightmare? Honestly the world is currently like a bad sci-fi novel. BitBay is not at fault. I'm convinced at this point, you could hand people bars of gold and they wouldn't know it's value. We have to find the right people to move this forward from this point.

The thing is we have seen trading get disabled multiple times. We are in the same boat as the community. Best to plan for other exchanges and liquidity providers.

Yeah it's unfortunately something we are always concerned about. Out of 4 exchanges we tried to list, 3 stole our listing fees. I suppose then if we don't have millions to gamble on the top 10 exchanges in liquidity we probably are better off aiding platforms or even something in house. Either way we should look for large scale liquidity providers/angles.

I agree it's especially frustrating. However we are on a tight margin and sort of depending on Latoken to follow through. However they have been responsive so we hope it's resolved shortly.

No, you should run bitbay-qt with the rescan option from your computers console. That will scan the chain for inputs and the balance will then appear.

We are still waiting but it should be a couple days.

When you send BAYR it takes one month. When it arrives at the exchange it might still be BAYR and you can trade it on the BAYR orderbook. Sending BAYR doesn't change it's array of liquidity shards. After a one month lock the liquidity of ANY input is going to be based on the array of liquidity shards and the supply index. It could partially convert to BAY depending on the supply index (if inflation happened)

This is an effect to all users equally. If you are waiting for BAYR to convert to BAY then that happens during a supply increase and that can not be predicted. It only happens when users vote for inflation which they have not because they prefer to hit the higher price target.

Now if you are saying that your deposit didn't even register thats another thing and then just PM me with the screenshot of your account and deposit txid and we can check it.

Even when they enable it again it will still hold target due to low supply. And then supply will gradually increased as buyers eat up whatever is left on sell side (if it goes 5% above floor). Supply maybe will have to go a little lower but either way it can hold this. Consider we did this in a bear market. Latoken disables deposits when they work on maintenance, I like how they actually do improve the code because imagine how much trouble it would be if they didn't service this.

As BitBay peg promised all those years ago, the peg has hit its target even under low liquidity, with censorship, and all the adversity and all the exchanges stealing our listing fees (other than Latoken), and with altcoin bear market, we STILL hit the target of 20 cents!

This is proof the peg works. Now imagine how powerful it would be with the top exchanges endorsing it and with liquidity providers and/or angel investors. To deny the power of the peg is to deny the truth of code. THIS is what decentralized money with volatility protection looks like.

Cheers to the community for sticking it out. We continue to march forward.

Current supply is .09%

You can see it in the history tab in markets client.

In QT you can see peg index, take that number and multiply 100 *.99 the number of times of the peg index

The max freeze point is 1200 steps of 1% compound... leaving roughly a few thousand coins liquid.

Did you also make sure to update the QT to the latest version?

The price is up to 8 cents already due to the peg and if it wasn't for censorship and having to deal with scam exchanges making it hard to list we would be at the top of the charts and you know it. We live in an Idiocracy and you can choose to not be part of it. Admit it, you don't enjoy being a shill. Deep down you wish you were nicer.

We have to tell all the block explorers to update they are on the wrong chain. Also we will push a new QT with a checkpoint and a patch.

The price is protected, as this system ties liquidity/demand to supply. It allows decentralized backing of a currency. Say what you want, but this coin will hit 20 cents on the liquid orderbook. If you aren't interested in being a part of this revolutionary thing then go ahead and sell your reserve coins and move on.

If you don't want 99.5% of the coins frozen put up some liquidity and then the users would vote to inflate if price goes above 20 cents. This coin harmonizes supply to liquidity. It shows you the true market value. And once liquidity comes in it becomes many magnitudes more solid.

If you want something artificial go invest in Tether, those alleged "billions" of dollars is a paper tiger waiting to be stolen from an insolvent bank blaming "financial crisis"... not sure who would insure them

Also worth mentioning with lower supply new users gradually consume the liquidity because there isn't much for sale, its easy to push the coins price up. No resistance. Just like anything make the resistance variable so people with money can more easily control it regardless of how few dollars they hold. As long as there is new users they eat up the limited sells forcing the coin to inflate eventually. The project needs to stay active for this to happen.

3-4 years? Like Craig was saying almost 7! This was the original feature promised since BitBay started. Not to mention the pages and and pages of text talking about it since it's inception. Also it's fully democratic and a user can still trade their reserve. So it's not true to say coins are "frozen" against anyones will. They are more than welcome to sell their BAYR and I'm sure users would love to scoop up a majority of the BAYR at a discount.

Besides, I would rather sell 1% of my bag for what is already 10x of the previous bottom than to have no price protection whatsoever.  

Also with liquidity this thing can sky rocket because the economy can inflate because it's super cheap to buy up all of the liquid coins at this point which would push the peg over it's target forcing it to inflate. Not to mention a trader can buy up reserve and sell it at a premium when it converts to liquid. So much strategy involved and I feel like it takes trading to another level.

Hi everyone we have a good solution to avoid future splits using a reputation system. This can effect any coin, for us it was just bad luck. We post a patch shortly. In the meantime you can keep up with one of the main chains via bootstrap.