20% is too much someone should fork this and get rid of that ridiculous amount.

This done fairly would be a really excellent coin. But everyone always wants to take the majority of the pie. Nobody wants a fair coin. :/

If they really achieved zero knowledge that's a huge deal, but why take 20% of the coin?! Even if it bounces back that keeps new investors away from it. (Even 5% is excusable but 20?)

Has anyone verified that this actually performs zero knowledge?

No it isn't pegging day. I've still got a lot of coding to do. And yes I agree, the discussion on here has been pretty positive and thought provoking. Mostly, slack has been pretty quiet as I'm still working on an update.

https://chainz.cryptoid.info/bay/

A billion and a bit extra from the interest over the years

Maybe the coins being actively traded is less than 20% considering a lot of the core members of slack hold their coins. But thats completely a guess on my part. Maybe some of the slack members want to chime in on this one.

That's exactly why the solution needs to be decentralized. BitUSD relies on the success of BitShares, NuBits on custodians, Tether on backers

Nobody who is serious about finance should vest too much in those

It must be decentralized and that's what we are making. Bitbay won't require 3rd party intervention, just miner votes. I just wish more of crypto knew what is about to happen here. I think there are alot of silent eyes on this thread.

Awesome! Thanks for thinking of us

Yeah I'm working on an update that I hope to have by at least the end of the month.

Munti, thanks for that awesome history and explanation of pegs. Every time you talk about economy I learn something.

And yeah it would be nice to have the resources Vitalik had. However I've also been advised that venture capital can be a "Golden cage". There are other devs I chat with from time to time like Sidhujag and we've mused about collaborating before however it's hard when all the good deevs are committed to their own projects.

Thats correct. And because they control it, they will adjust the supply to whatever is healthy for trading. The whole point of it is to give it a way to regulate its own value without centralized institutions including backers, fancy trading tactics, put and sell tactics, custodians and government or political policy.

It just gives all users control over the most BASIC rule of value. Supply and demand! We control the supply, and the frozen assets are still there to reward early investors... something they can sell as a "future" or bond or collateral for a loan in exchange for liquid coins at any time. Or they can hold the frozen coins until inflation comes and at a higher price. So with that there are two speeds of money. Liquid high speed money and frozen extremely slow speed money. And I see no reason why other coins won't be inspired to start their own variations of the freezing tactic. Other coins may want to make a coin with a slower interest rate or variable or use different voting algorithms or even add an incentive for parking coins (like NuBits) which would be in effect a bond.

Anyways this makes crypto what it should have been! It should have been "programmable money". But people keep trying to make Bitcoin similar to the USD. But why should we be forced to treat crypto like dollars when we can control the economy itself?? Its more or less like a decentralized bank.

Anyways, the only trust we have to place is in exchanges to hope they wont oversell coins. It would hurt them if they allow it because the miners would deny withdraws.

Of course the one thing we can't control is Demand!

But by controlling supply we can make it match the demand. If for example, I made a piece of artwork, and it was the only piece of its kind, the supply would be "1". So as long as one person wants that art piece upon seeing it the art will sell.

In this case, you can adjust your supply down to the demand and thats fairly easy to predict and read since we have a daily volume on the exchange which gives us an idea of what the demand is. When pegging starts up, I'm guessing that volume will go up. And then being the first coin to do this will make it so the volume should always be sufficient for speculators or at least for investors here to see a return on their investment.

I guess time will tell.

NuBits had a peg but it temporarily broke and there was a scandal on ccdek or whatever the exchange was called.

NuBits uses custodial wallets and is probably front running.

Then there is BitUSD. They use collateral in BTS. It's interesting but relies on BitShares staying alive and costs alot of BitShares to put/call. It works for now. It is a low market cap at 100k

Then there is Tether. So far it works but it depends entirely on their company backing the coin.

None of those pegs are scalable, none of them can roll in price. They aren't attractive to speculators either.

BitUSD is probably the most promising since Tether can fall at any minute. But if BitShares falls so does BitUSD.

In Bitbay even if Bitcoin falls, Bitbay survives! It's decentralized and no backers or custodians required. However out peg can fluctuate in price. Munti can elaborate on economic pegs since that's his area of expertise.

The source of the markets client is at www.davtonia.com/BitHalo/HaloOBF.zip

That source gives building instructions for all Halo builds including Bitbay. It's not on github yet since I'm not encouraging cloners. It's source can be audited of course at that link. Plus, it's 3 years of stability without any hacks... of course there was bugs 3 years ago but those have all been fixed.

So this is the most stable client ever release and Mac and Linux also appear extremely stable.

Yeah and those swings are a bullish sign. It favors traders. The floor is well established

whoever is posting random nonsense and deceptive and stupid comments like this will just get their comments removed.

Volume will pick up, there is no question. Especially because we keep adding features.

You are right Joe. It's in the past. I guess I just got tired of his bullshit. I'm sorry I really should ignore him like I normally do. It gets very tempting to respond sometimes.

Anyways you are the second person to discuss a Poloniex add. Can't you guys simply show the Polo owner the software? If he downloads it I can walk him through a contract. There isn't anything else like it in crypto.

Well obviously there was things I did wrong and things I'm sorry for. The quote goes "The fault dear Brutus lies not in our stars but in ourselves". It's key not only to be honest to other but also with ourselves. Granted, it's challenging to pay attention to potential threats, pitfalls etc in life when its so damn easy to get overwhelmed.

The point is, there is software here that is the result of years of work and it absolutely has value and deserve to be a top 20 coin. There is no doubt in my mind.

I realize insulting Theymos isn't the best idea hahahaha. It is just something most people don't realize about this forum. Unfortunately it suffers from poor management.

It's still the best forum for investors obviously.

I know people don't like Facebook or Google because of all they do to violate our privacy and how they manipulate information. However, what other platforms are there for fair distribution?!

I mentioned Reddit for that exact reason. But we want to reach the average Joe who doesn't care about Facebook politics and everyone has a Facebook. Perhaps it's a good idea to give multiple options??

Perhaps mining and ICO and distribution to valid Facebook/Reddit/Gmail profiles?! Steemit did that and found fast adoption.

Theymos himself has been implicated in scams. He also has no respect for peoples privacy. He has been known to release private messages to courts to help prosecute companies(which i think is extremely unethical). But then he won't stop serial scammers that have been abusing the forums. In theory because the forum is moderated, he has a fiduciary responsibility to remove any attempts of impersonation, and blatant privacy violations.

What's funny is, I have seen threads explaining how Theymos has done favors for moderators which shows he's also a hypocrite. For example one guy insulted a mod and Theymos helped remove the offending posts. The guy works for a Senate office and is basically a total sellout and schill. Not to mention he raised Bitcoins and kept them in a few scandals of his own. Also I sent Theymos PMs, emails, even contacted on Reddit and he ignored me never a single reply not even just as a gentleman. So yeah it casts serious doubt on the agenda of Bitcointalk.

As for my agenda honestly if you saw all the early chat logs you will see how most the convos were about tech. Steven offered to pay to use Halo tech at the time being 100 btc plus 10% of the coin which he offered to buy on the exchange. Bob came in with Ryan days before and asked if I would split a portion of what was raised and said they would set aside at least 500 btc for dev fund.

Considering it wasn't my project, the deal looked good obviously and I had not considered that all 4 of them were liars. Unfortunately, I never complained about how they structured the project which I realize was something that I should have done. I never asked why they were getting similar portions as the main dev. At the time I said I only wanted to be a project manager and they could hire devs. Lin said he had devs but that turned out to be bullshit. I figured at least Steven would stay on board. Not having control of finances was obviously a huge problem. And it took me a couple weeks to expose them. Consider during that time they were extorting from everyone anyways. What would you do if you saw them faking volume? If I told investors immediately, it would have ended up the same anyways. I'm not sure if being quiet about it for two weeks was wrong or not but that's why I had shifted gears to pegging early. The advantage of waiting was at least i got more evidence against them which helped defend us. They were the ones in control of BCT so that worked against the project too. Even the news saw all my chat logs and was unable to find anything showing I knew in advance.

Anyways that's old news. If anything it makes for a crazy story. However success is very sweet revenge and it would be totally awesome if this works out as planned. The ideas are sound. All that's left is hard work. I think this coins distribution is way better than a lot of premine coins.

For example I was told Fuelcoin dev had more than 90% of the supply. I've heard similar things about Scotcoin. Not sure which allegations are true.

If I had a coin honestly I would distribute based on valid Reddit or Facebook profiles since those are hard to fake.

Well, considering how much negative PR it was for Ethereum to revert their bug, I think nuking their wallets could backfire. Personally I like the idea but the hard core coin enthusiasts will argue against centralized maneuvers.

ETC "Classic" was such a monkey wrench for ETH and I'm not sure they will ever recover from that. They might but it causes tons of confusion to new buyers.

Also it would be difficult to prove which wallets were theirs... perhaps freeze them until they identify themselves or carefully track it, however there is a lot involved in that. Our slack group seems to have a good idea of who owns what.

Consider that anywhere from 30-60% of Bitcoins are stolen from exchanges or government seizure or escrow failure. Not to mention "Satoshis wallet" who nobody seems to know who owns it. So considering that, its probably just best to build a good coin. A lot of their coins have been bought by the core team already too. Our distribution is actually pretty good compared to other coins.

Honestly I coded all of this so far and Im already pretty sure how I want to code the rest so yes I can finish alone.

As far as it being hard, yes sometimes very hard. Other times it writes itself. I had to self teach myself Python and then when hitting bugs there was nowhere to look on the internet for how to fix them so I had to get creative. There was lots of trial and error. Sometimes a typo would set me back for days! Some bugs required their own devs to fix such as Bitmessage dev and I sent multiple reports to him about how it was broken. Sure enough that got fixed.

It would be awesome to find some dev help however training and motivating them would probably just slow me down at this point.

No, I will probably have to finish it myself unless we get outside funding.

And since you guys have downloaded updates, seen multiple updates (compare it to two years ago its totally transformed), and thanks to help from testers. The day will come soon.

Nubits is centralized, relies on custodial wallets and is front running. So it works for a bit but when support goes so does the peg. Their peg already fell this year although it was a great buy. I did advise slack people to buy it.

Bitbay is decentralized, there is no custodians, no trading tricks, no fancy nonsense. Its just pure and simple decentralized freezing and unfreezing of supply equally for all users.

This gives early investors a huge advantage by the way since your frozen coins will serve as a future. However you will only have access to enough liquidity to not crash the market.

Since its decentralized we can choose the price we want. We dont want too high because that throttles volume and liquidity. But slowly building towards a target is almost unstoppable.

Plus it opens the doors for decentralized backing, and lots of options with frozen assets like credit swaps, trustless lending based on trade of frozen for liquid and a secondary market

Hahahaha what "work" did you do??? 700 btc is 400k. What investor here thinks Bob did 400k of work? Was FUD part of tge job description theif?! You got paid before the ICO. There is evidence you are a theif. If I had more free time I would hunt you and Ryan down.

Notice the date on that txid? Right on ico launch. When nobody even knew what it was gonna raise.

Let's just show evidence...
[2014-11-11 10:12:19 AM] linhan.ee: when you received it, please let me know
[2014-11-11 10:17:53 AM] International Rob: got it
[2014-11-11 10:19:00 AM | Edited 10:19:04 AM] linhan.ee: great
[2014-11-11 10:19:14 AM] linhan.ee: sending  500
[2014-11-11 10:19:32 AM] International Rob: ok will comnfirm
[2014-11-11 10:20:47 AM] linhan.ee: 500 in 3 transactions:
[2014-11-11 10:20:47 AM] linhan.ee: 0ecfe52a2c9a6913a81ef82c09c47a27d5867b95b9abc73bbbd51d2a65ba4819
[2014-11-11 10:20:56 AM] linhan.ee: e786e93003c29f261189b813cafe2fd4bcac1c937128781988378622a83929d8
[2014-11-11 10:21:01 AM] International Rob: wow
[2014-11-11 10:21:03 AM] linhan.ee: 80053c4138dd8a5d4cda1cc5cefa86bf3e1fd5b9bd6a181e74ac5af4740542cf


That 500 you said was YOUR investment. But it wasn't. It was from your list of investors you and Gekko compiled. You just lied, said it was yours, kept the funds. Then you told Steven you would support the coin and you didn't. Instead you put the money in your pocket and BRAGGED about it.
https://bitcointalk.org/index.php?topic=891356.0

And here your equally useless friend (HE should shoot himself)

[12/6/2014 5:32:31 PM] Gekko: As funny as it is to fuck with your ego, I've got other fish to fry. It's been a pleasure to rape you. Glad I could make a few bucks on your head
[12/6/2014 5:32:50 PM] David Zimbeck: good fuck off
[12/6/2014 5:32:51 PM] Gekko: Good luck repairing your image / name

Furthermore you paid people to FUD the project some of whom got hacked and some who admitted getting paid by you.

That doesn't make you just a theif but a propagandist. Nice Israeli military connects in the family Bob perhaps you do this for a living? Let me advise you how goverments do their dirty work. They hire guys just like you who get caught using fake profiles on Social media and Bitcointalk and other platforms of controlled opposition. In fact let me show you the exact organization leaked by Snowden that does these operations in the good old North America. Don't worry I realize there is more than one. Unless you blow the devil for free?

https://theintercept.com/2014/02/24/jtrig-manipulation/

Did I mention I have friends in the Intel industry?! Back off Bob. Im not as naive as you think and neither are the investors.

You wanted me as a "partner" so you could propagandize me that's why I stayed as a dev and not your partner. I would never partner with you no matter how much money.

Also did you notice the DIFFERENCE in Bitbay?? Download the software see for yourself. I released the world's first decentralized markets. It works baby. Suck it. No help, no so called Asian devs (trust me they cant dev tic tac toe) and no, believe it or not no Asian hookers. Did have a GF for a few months tho.

Because Bob software takes hard WORK something you are allergic to. 50k lines of code doesn't write itself.

What work did you do? Paul sent me the nice document you guys made preparing for how to respond to FUD and how to socially engineer everyone... and people even tipped me off about how deceptive you are. If by work you mean hiring Vindyne? Or maybe your friends kidcrypto, Tor, Iconicexpert? Lots of nice anonymous names you guys have to hide behind. Must be nice bro.

Actions speak louder than words Bob. You admit to dumping coins constantly so you assume everyone is as evil as you.

But shockingly I haven't sold a single Bitbay. I'm investing in myself. Everyone here KNOWS my wallets. The news even reported in my favor. The wallets are listed on Reddit go see for yourself.

The only negative PR I have is from your fake profiles dumping chat logs on Bitcointalk. Since Theymos is govt trash who works for a senate office, he prefers to ignore emails about you and your friends abusing devs on here and violating laws against cyberbullying/privacy/deception and his own self proclaimed no FUD policy. But if you DOX Theymos prepare to be banned.

Beleive it or not, I don't care about my reputation. I think you underestimated me. There are more important things than reputation.

We can list the change log if you like with the 100s of improvements you can even look at my dev environment.

First decentralized markets, the world's only smart contracting software, and soon to be pegged. You better bet you need to propagandize it. That's your only defense.

Because you can't kill an idea.