Hello, i want to ask how exactly or your going to approach real markets ? Do you have a merchant list? this is the question which im interested in  So why should i invest in you guys?waiting for your answer.....  Thank you thats a good question.which countries are in that list ? A russian translation will be useful for many people thank you до свидания wow its raining question  ok i will join your Q&A too... what about the road map ? any ETA ? Thank you Thanks for your question. Please refer to the dev map in the OP to see our basic evolution for the next six months. As far as near term milestones, we are looking at the following: - Wallet release at close of ICO, as confirmed by BTer. - Halo enabled wallet with fully functioning smart contracts within 29 November, likely before. - BitBay Decentralized Marketplace launch early January 2015. It's always difficult to give dates on roadmaps. Our strategy is to underpromise and overdeliver, so please read the above information with that in mind. I can say however that the tech that coming together behind the scenes right now is truly remarkable, and we look forward to sharing this with our community. What about meshnet? Meshnet is a key part of the program, however there also alot of moving parts with the dev teams involved in the mesh program, and that's why it's not in the first phase of releases. We expect the hiring program that David referred to in the AMA will consolidate this work considerably. |
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i am sorry if i missed this but i what is the minimum amount for the ico to be considered successfull?
Hi There No minimum on the ICO. BitBay is going forward no matter what : -) Any coins not sold will be burned in accordance with the OP. thanks BitBay Team |
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Hello, i want to ask how exactly or your going to approach real markets ? Do you have a merchant list? this is the question which im interested in So why should i invest in you guys?waiting for your answer..... Thank you thats a good question.which countries are in that list ? A russian translation will be useful for many people thank you до свидания wow its raining question ok i will join your Q&A too... what about the road map ? any ETA ? Thank you Thanks for your question. Please refer to the dev map in the OP to see our basic evolution for the next six months. As far as near term milestones, we are looking at the following: - Wallet release at close of ICO, as confirmed by BTer. - Halo enabled wallet with fully functioning smart contracts within 29 November, likely before. - BitBay Decentralized Marketplace launch early January 2015. It's always difficult to give dates on roadmaps. Our strategy is to underpromise and overdeliver, so please read the above information with that in mind. I can say however that the tech that coming together behind the scenes right now is truly remarkable, and we look forward to sharing this with our community. |
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Hello, i want to ask how exactly or your going to approach real markets ? Do you have a merchant list? this is the question which im interested in So why should i invest in you guys?waiting for your answer..... Thank you Hi The marketplace will be open to all participants. Indications we have are that there is considerable merchant interest in the East already due to the established nature of our Chinese partners. We anticipate that the western usages will in the first instance be driven by the private sector, due to the long anticipation period for Open Bazaar and other solutions that have not been come to fruition. As far as your own investment we encourage you to read the information presented here as well as the AMA with the lead dev here https://www.reddit.com/r/BitBay/Thanks for your interest. BitBay Team |
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Update
All BTC raised will be held by BTER until the successful release of the wallet with built in smart contracts. We will ask BTER to come by to confirm this as well. |
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Only Approx. 15 minutes left until our ICO begins.
Please click the link below to directly enter the trade market: - Total Coin Supply: 1 Billion - Starting Satoshi Price: 252-264 satoshi -Day 1 264-276 satoshi -Day 2 276-288 satoshi -Day 3 288-300 satoshi -Day 4 300 satoshi -Day 5 Price will go up 1 satoshi every 2 hours on the hour. |
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perhaps a direct link to the ICO on BTER could be useful ??
Indeed, we have now added a link directly to the trade market at the top of our original post here on the announcement thread. Thank you for bringing this to our attention: Only Approx. 5 hours left until our ICO begins. Please click the link below to directly enter the trade market: |
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Consider supporting the OpenBazaar guys who are doing a great job for free. Here is a quote from our AMA earlier with Mr David Zimbeck. "Hello David, What would you say would be the advantages BitBay has over OpenBazaar also disadvantages if any? Thank you dzimbeck ALL. OB is not decentralized fully and they dont have Halos advanced whitelisting trust system for nodes... as mentioned before double deposit escrow is the only way to do a smart contract. You cannot trust arbiters, they can hold both keys and steal the money and they cant figure out who is lying (ever been scammed on Ebay?) now think of getting scammed on the Darknet with anonymous cash Ebay... yeah arbiters can collude with the buyer seller key." And for this reason we are going with the marketplace that David has built from scratch. |
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"Ticker: BAY
ICO Starting Date: 11/11/14
ICO Conclusion Date: 11/14/14
Price structure rewards early ICO investors:
BitBay will be priced at:
252-264 satoshi -Day 1
264-276 satoshi -Day 2
276-288 satoshi -Day 3
288-300 satoshi -Day 4
300 satoshi -Day 5"
Why is there something saying 4 days of IPO but price quotes for a 5th day of IPO?
That was a typo. We will change it immediately in the OP. Thank you for bringing this to our attention. |
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David is in the team, but this does not mean your team is clean.
Can u tell the guy who claimed he is in alibaba and has plenty of resource in China?
I may know him, or, u don't dare!
Due to our non disclosure agreement we are not at liberty to disclose his name. If he wishes to come here and post that would be his choice. We hope you understand. |
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What about this? Transfer complete control of the entire ICO to David, and have smart contracts written for the funding of the various projects and development needed. I know we are building a trustless, decentralized system, but in this case; and to begin with, there is still a massive amount of human trust needed to launch this project efficiently. In cryptos, trust is built by successful and field tested developers, which David is. I believe with the smart contracts in place and the control, being given to the designer of the project; public transparency and trust could be adequately achieved with little to no question on the merit of the project, with superior program efficient control of all funds. At this point, I can see a troll storm comin... and newbie dev team with a fistful of public money, well, it'll feed the hurricane. As shallow as it seems, I would not give 5$ to a newbie dev ico. For Zimbeck, I would consider an adequate investment as he is an extremely respected and long standing member of the crypto community. He is also is beyond greed and truly has a passion for the completion and implementations of the core of cryptocurrency philosophy. This could be something huge, but right now it is unfortunately appearing not much more then rest, fancy looking marketing and maybes, without any backbone but the lead dev, who's credibility is completely alone and on the line. The 'wait and see' investors, will be much smaller then the 'I believe in this investors'. I want to believe. (-; I believe in Zimbeck but Bitbay Team, A little more please. We understand your concern. We have a team of VERY talented people. Mr Zimbeck heads up our development side and as such he will have his own account with funds set aside for the purpose of bitbay coin development. We have a marketing side which will have some funds set aside for them as well. The majority of the funds will be held in our new wallet with multi-sig. David will have one of those keys and a voice as to how funds are spent. It's your prerogative to invest or not. We are not forcing anyone to invest. If you chose to do so that you that on your own volition. Awesome thanks for the reply. Again although vague. Majority is not good enough, as whoever you are has no risk here. The only risk is the public's and Davids. I am not speaking on his behalf here in anyway, just know that he is an integral part of cryptos in general, and do not want to see him shoved through the mud, by the assault of trolls that will come if the ICO is completed at anything less then perfection. Which is the program you are selling in your ICO; trustless perfection. To use it to mitigate these risks would seem logical. Of course it is everyone's perogative to invest or not. That is not the issue. The issue would of course be, the actual implementation of this project into your own marketing strategy, and 'business' structure involving control of the public funds. If its smart contracts you're selling, (of course among other things) the entire project should be run with them to stand by your project and the developer creating the core of it. I would believe involving smart contracts, public transparency on all aspects of every contract, would be quite easily produced for public review. After all it is their/our money. Again, as much as i would love to believe your 17th post 'We are a team of VERY talented people', 'well most of the money will have a multisig'; im sorry but it presently has no merit. There is no plan for this in your brilliant marketing. (I assume this is what you mean by talented, it is quite good) Cryptos cannot afford another failed ipo, especially in the dire need to see a project like this succeed. This is why i am speaking and asking. Again thank you for your reply. Just figure you can do better then.. 'well, don't invest if you don't wanna. the lead dev has a say in most of it..' His ass. Should be his show. The entire project should be laid out in smart contracts based on this premise. edit: 14th post Once again, we understand your concern. You need to understand that when you buy into an ICO, ITO or what have you, that you're buying the coin/token. The coin/token is what you get in return. As a bonus there's a dev team behind the coin working tirelessly to bring that coin to market and have it prevail as a top 10 coin. It's not our business or any other dev team for that matter to explain where every dollar of funds raised goes to. We have our own interior accounting set up, multi-sig and smart contracts will be a part of that. But you need to understand that our main goal and focus is to make our investors money and build one of the greatest cryptocoins to ever exist. It's not to be on the forum all day accounting for every expenditure we have. Once again. It's your prerogative to invest or not. We have explained about who we are with more information to come and what our goals are. If you're interested in investing then we welcome you to do so. If not, that's ok too. We have already lined up a large portion of the financing we will need and that will be reflected by the sells on BTER in the coming days. We hope to see you around as well in the coming days as we think your first impression may change shortly. Um no.. as opposed to forums, I'm sure a google sheet, with expenditures available for every token holder would be sufficient. And yes, in a public funding scenario. Every dollar or cent should be accounted for. Hence the regulatory attacks and legions of upset ipo/ico investors.. 'We have already lined up a large portion of the financing we will need and that will be reflected by the sells on BTER in the coming days." - What does this mean? Sorry don't follow. Like I said earlier. We will have an interior accounting set up. If we chose to release some of that information at a later point that's our choice. Our main focus is to make our investors a ROI and bring a revolutionary new coin to market. As for "we have already lined up some investment", what we mean by that is we have spoken to investors who plan on investing in the bitbay project. We expect a sell out. |
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What about this? Transfer complete control of the entire ICO to David, and have smart contracts written for the funding of the various projects and development needed. I know we are building a trustless, decentralized system, but in this case; and to begin with, there is still a massive amount of human trust needed to launch this project efficiently. In cryptos, trust is built by successful and field tested developers, which David is. I believe with the smart contracts in place and the control, being given to the designer of the project; public transparency and trust could be adequately achieved with little to no question on the merit of the project, with superior program efficient control of all funds. At this point, I can see a troll storm comin... and newbie dev team with a fistful of public money, well, it'll feed the hurricane. As shallow as it seems, I would not give 5$ to a newbie dev ico. For Zimbeck, I would consider an adequate investment as he is an extremely respected and long standing member of the crypto community. He is also is beyond greed and truly has a passion for the completion and implementations of the core of cryptocurrency philosophy. This could be something huge, but right now it is unfortunately appearing not much more then rest, fancy looking marketing and maybes, without any backbone but the lead dev, who's credibility is completely alone and on the line. The 'wait and see' investors, will be much smaller then the 'I believe in this investors'. I want to believe. (-; I believe in Zimbeck but Bitbay Team, A little more please. We understand your concern. We have a team of VERY talented people. Mr Zimbeck heads up our development side and as such he will have his own account with funds set aside for the purpose of bitbay coin development. We have a marketing side which will have some funds set aside for them as well. The majority of the funds will be held in our new wallet with multi-sig. David will have one of those keys and a voice as to how funds are spent. It's your prerogative to invest or not. We are not forcing anyone to invest. If you chose to do so that you that on your own volition. Awesome thanks for the reply. Again although vague. Majority is not good enough, as whoever you are has no risk here. The only risk is the public's and Davids. I am not speaking on his behalf here in anyway, just know that he is an integral part of cryptos in general, and do not want to see him shoved through the mud, by the assault of trolls that will come if the ICO is completed at anything less then perfection. Which is the program you are selling in your ICO; trustless perfection. To use it to mitigate these risks would seem logical. Of course it is everyone's perogative to invest or not. That is not the issue. The issue would of course be, the actual implementation of this project into your own marketing strategy, and 'business' structure involving control of the public funds. If its smart contracts you're selling, (of course among other things) the entire project should be run with them to stand by your project and the developer creating the core of it. I would believe involving smart contracts, public transparency on all aspects of every contract, would be quite easily produced for public review. After all it is their/our money. Again, as much as i would love to believe your 17th post 'We are a team of VERY talented people', 'well most of the money will have a multisig'; im sorry but it presently has no merit. There is no plan for this in your brilliant marketing. (I assume this is what you mean by talented, it is quite good) Cryptos cannot afford another failed ipo, especially in the dire need to see a project like this succeed. This is why i am speaking and asking. Again thank you for your reply. Just figure you can do better then.. 'well, don't invest if you don't wanna. the lead dev has a say in most of it..' His ass. Should be his show. The entire project should be laid out in smart contracts based on this premise. edit: 14th post Once again, we understand your concern. You need to understand that when you buy into an ICO, ITO or what have you, that you're buying the coin/token. The coin/token is what you get in return. As a bonus there's a dev team behind the coin working tirelessly to bring that coin to market and have it prevail as a top 10 coin. It's not our business or any other dev team for that matter to explain where every dollar of funds raised goes to. We have our own interior accounting set up, multi-sig and smart contracts will be a part of that. But you need to understand that our main goal and focus is to make our investors money and build one of the greatest cryptocoins to ever exist. It's not to be on the forum all day accounting for every expenditure we have. Once again. It's your prerogative to invest or not. We have explained about who we are with more information to come and what our goals are. If you're interested in investing then we welcome you to do so. If not, that's ok too. We have already lined up a large portion of the financing we will need and that will be reflected by the sells on BTER in the coming days. We hope to see you around as well in the coming days as we think your first impression may change shortly. |
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What about this? Transfer complete control of the entire ICO to David, and have smart contracts written for the funding of the various projects and development needed. I know we are building a trustless, decentralized system, but in this case; and to begin with, there is still a massive amount of human trust needed to launch this project efficiently. In cryptos, trust is built by successful and field tested developers, which David is. I believe with the smart contracts in place and the control, being given to the designer of the project; public transparency and trust could be adequately achieved with little to no question on the merit of the project, with superior program efficient control of all funds. At this point, I can see a troll storm comin... and newbie dev team with a fistful of public money, well, it'll feed the hurricane. As shallow as it seems, I would not give 5$ to a newbie dev ico. For Zimbeck, I would consider an adequate investment as he is an extremely respected and long standing member of the crypto community. He is also is beyond greed and truly has a passion for the completion and implementations of the core of cryptocurrency philosophy. This could be something huge, but right now it is unfortunately appearing not much more then rest, fancy looking marketing and maybes, without any backbone but the lead dev, who's credibility is completely alone and on the line. The 'wait and see' investors, will be much smaller then the 'I believe in this investors'. I want to believe. (-; I believe in Zimbeck but Bitbay Team, A little more please. We understand your concern. We have a team of VERY talented people. Mr Zimbeck heads up our development side and as such he will have his own account with funds set aside for the purpose of bitbay coin development. We have a marketing side which will have some funds set aside for them as well. The majority of the funds will be held in our new wallet with multi-sig. David will have one of those keys and a voice as to how funds are spent. It's your prerogative to invest or not. We are not forcing anyone to invest. If you chose to do so that you that on your own volition. |
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puffing resources about alibaba and major Chinese exchanges from this Coin organizer is biggest mistake from beginning. All the fancy promises makes it too good to be true. I am not actually fudding now. I am asking questions. Please prove it first. I am not questioning David Zimbeck, who grants bithalo license to this team. I am questioning the team behind. specifically the Chinese man behind.
If he do not intend to reveal more details about himself. Please prove his ability in one way or another. The ability I mean his resources from alibaba or other companies in China.
I noticed some Chinese bitcoin/altcoin media reports, but i didn't find anything about above mentioned info, which makes it very fishy. Why don't they mention all these advantages on Chinese media? cuz questioning from Chinese investors?
Youve got a valid point here. There is a good amount of uncertainty. I'm the type to respect the privacy of my associates. From the discussions we had, their actions and the fact that I will be meeting one of the team members personally in a few weeks quells my superstitions. But hey, you never know where this coin is gonna go. Thats why just take a "wait and see" attitude. By the way, from the discussions I had with these guys, they are not really at all like Tilecoin. Mostly, we talked about mesh networks and seeing if we could get some manufacturers here in Asia to make routers, radio devices or special tethering phones with software on it to create a giant mesh network. If we can really do that, this coin will actually be worth more than money because mesh networks is about freedom. The idea of a mesh network and having no IP addresses is pretty much the liberation of the entire internet and Telcom industry. Not saying we will get that far but if they do well its in the road map. Thanks David, you are the only reason I stay here and keep asking questions. no more. And I have very reliable leads to question this team. This is not only concern of bitbay/bter/tile/blk, but more. many ppl will involved sooner or later. I am not only in tile, but in many coins, including blk. but most of my recent holdings and once before are scams. I can dump them anytime. But i am serious investor anyway, and most survivals in current altcoin world are. My questions are their questions. These guys can revive the market if they still believe in something. if they are pissed off, every coin will turn to a mess. If the team especially the Chinese member can prove his ability in Mainland China in one way or another, I would love to stop questioning or fudding, whatever they call it. Sir. This is the last time we will reply to you concerning our team and who's in it. We have already explained that our team members are located globally. Our connections in China run deep. I can assure you of this. We have a member who was a higher level employee at Alibaba and with him brings years of experience in that field. He also comes with many vendors who are already waiting for the marketplace to start selling goods worldwide and not need to rely on a third party or pay high fees just to be able to sell a product to someone in the UK. We'll be releasing some more information on our team members shortly. I recommend that you take Mr Zimbeck's advice and take the "wait and see" approach. It cant hurt. We thank you for your concern and look forward to providing you with further info regarding the team at a later point. |
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Thank you for taking time to make this article and helping to spread the word or Bitbay. |
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Don't forget to follow us on Twitter https://twitter.com/BitBayMarket and join us tomorrow at 730 pm EST (New York time) for our AMA on Reddit with Mr David Zimbeck. |
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@DEV
Thank you guys bring this fantastic tech to community, I have a question, how can you implement reverse-transaction, like I buy a goods but when I receive it I found it's bad, so how can you deal with this scenario, can you explain it in tech perspective?
Because its double deposit the contracts are unbreakable. Please read my whitepaper at BitHalo.org. By both parties making an advanced deposit they have to work together. Escrow extensions are allowed but if they dont play nice the money is destroyed. Thanks Dave. I'm sure you'll have more of these questions tomorrow during the AMA. It's the learning curve. We understand. Thanks again. |
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@DEV
Thank you guys bring this fantastic tech to community, I have a question, how can you implement reverse-transaction, like I buy a goods but when I receive it I found it's bad, so how can you deal with this scenario, can you explain it in tech perspective?
There are a few ways to enforce this. I urge you to stop by the AMA tomorrow on Reddit and speak with Mr Zimbeck himself. As I understand it, there will be double deposit smart contracts. Both parties will need to agree that the transaction was complete for any funds to be released. And as the seller needs to put up money as well, not just product, the double deposit smart contracts will keep all scammers away. There is no way to scam using this feature. Same goes for the buyer. The buyer also needs to put up double the amount. So if he were to try and screw the seller he would lose out 2x. It's pretty much like guarded fence and the only people who can get in are the ones with serious and legit intentions. |
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