By the way I recovered my account. So thanks to Cyrus the mod on bitcointalk. Most likely it was taken over momentarily due to those old hacks of bitcointalk database. Way back when.
What i dont get is why this is not like other forums where you need to crack the email linked to the the forum account to hack it? I'd like to know that too. Does anyone know the answer? I'm just happy they gave his account back to him. I got locked out of my old account from logging into it from another computer. Didn't have a bitcoin address in my profile setting to be able to request an unlock Is there any rational reason why BCT does it this way? Or didn't they know what they where doing in the beginning and then never bothered to improve things? Good question. I guess it worked perfectly back in the day with people actually ran their own bitcoin wallet, but now it's just too big for the common person to want to run a personal wallet. Good point. I'd have to go back and research if the same protocol is in place So you can set a btc address in your profile? I never noticed that. That's a good idea actually, but they should make sure to announce that better. |
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By the way I recovered my account. So thanks to Cyrus the mod on bitcointalk. Most likely it was taken over momentarily due to those old hacks of bitcointalk database. Way back when.
What i dont get is why this is not like other forums where you need to crack the email linked to the the forum account to hack it? I'd like to know that too. Does anyone know the answer? I'm just happy they gave his account back to him. I got locked out of my old account from logging into it from another computer. Didn't have a bitcoin address in my profile setting to be able to request an unlock Is there any rational reason why BCT does it this way? Or didn't they know what they where doing in the beginning and then never bothered to improve things? |
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By the way I recovered my account. So thanks to Cyrus the mod on bitcointalk. Most likely it was taken over momentarily due to those old hacks of bitcointalk database. Way back when.
What i dont get is why this is not like other forums where you need to crack the email linked to the the forum account to hack it? I'd like to know that too. Does anyone know the answer? |
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Hey so I'm unable to log in from dzimbeck. It's got me a bit angry. If you guys get any messages from dzimbeck, ignore them. I'm going to email the mods and hopefully get this resolved immediately. Hopefully it wasn't hacked.
I can confirm that it is David using the BitBaydev account here. |
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...
Hey so I realize you think that you can just deduct when an order starts to fund but it doesn't work like that. Specific inputs need to be signed and then arranged peer to peer in order to broadcast and also arrange the other advanced commitments like the bomb tx. It's maybe something you could argue is a flaw in bitcoins design. However until we have things like lightning transactions it's really not realistic to over-engineer a way to not commit inputs. The software is very strict. I very carefully do accounting on everything. This helps educate users on accounting, not to delegate funds they don't have and really helps scale things. In fact, this system was built to scale. There is no other Bitcoin software in existence that I'm aware of that does such complex change and input management. I do know what you are saying in terms of your inventory. Like lets say you are a seller and hold 100k usd worth of gems and want to list half your inventory so the software is going to want at least 25k worth of inputs with a little padding assuming you put 50%. However... a seller can even put 10% up if this is a concern. In your case you can in theory offer a nominal deposit. There are even guarantor contracts where you don't deposit however I would not recommend a buyer to take a guarantor with a high deposit on their end and low or non-existent on the other. So at least putting a nominal 5-10% of item value should be more than enough to get started and then when you really start selling gems and things kick off you can offer higher deposits on your inventory. Think about where things are headed with any type of advancement in lightning networks or (maybe) some DPOS improvements we can start to see faster transactions and then be okay with being a little more lenient. However it is still not ideal to have a bunch of inventory listed that you are unable to deposit on. It would depend on your daily volume I suppose. Like if you predict it to be low enough to have the funds to deposit to somehow return to you. However please remember your X% will be locked in escrow!! And it will be locked for the entire duration of the shipment process which could be a couple weeks. You definitely do not want to backlog users nor "pause" anyone as they will turn somewhere else to buy. At the time being I cannot allow that as it would be a big design flaw and against the theory of a UTXO system to boot. There is also something else to consider and that is when we have the peg, maybe we can find a clever way to use frozen funds as collateral. ok, I understand that there are many different ways to viewing the same equation and also different results to be derived. my perspective is from that of a programmer and also that of a business owner who has done internet sales since 2004, with a fair degree of success I might add. Further, I have been watching google and ebay and paypal and facebook all evolve from nothing into the behemoth corporate entities that they now are. it is my view that anything can be accomplished it is simple a matter of goals and direction. however, if it is not the intention to support a large amount of sellers and listings then it seems the point is moot. if it was the intention to support a large amount of sellers and listings then the parameters would change. you can call it scalability but I will call is simply 'usability' and 'adaptability'. it is a far bigger topic than my trivial needs, it is more the bigger sphere of adoption or lack thereof. a student of human psychology I can pretty much guarantee a rigorous and challenging adoption process if the way is not paved with roses and glittering gold you will find reluctance for the masses to adopt the technology. this is a bit of a joke but only as exaggeration. you can't coax people into using a system by asking them to place large deposits of potentially devaluing currency just to show their items. that just doesn't make sense to me. my suggestion there is that you would need some sort of very big advertising campaign (which I am personally not a fan of, I like when systems evolve from grass roots of participants inspiration resulting in ongoing support and expansion). there must be some point of entry that offers reasons to participate.. such as the goal of potentially earning. that said, our current transaction is causing a bit of befuddlement on my side. I shipped the item, it arrived last saturday as indicated by the tracking. I did send a message to you using the client with the tracking and a request for verification of received. so far I have not heard back and the timer is still ticking. to be honest I am not sure if you have received my messages because I get some error messages when I close the bithalo saying something like 'you still have unsent messages in the box, proceed?' the messages appear to be sent when I click the pending contract but so far thats all the data I have about this transaction. As it stands, I have to lose about $1000. With the clock ticking and no response, I am left to wonder if that is what will happen. This is really not a fair position to be in for me. I did my job with perfection, now I Just wait. communication would make it all OK. why did I say $1000 when it was a $333 sale? Well, the mineral is worth easily $800. I sold it for $333 because that is essentially what I paid for it in trade value and I thought it would be nice to offer it at a good discount as my first bitbay listing. Besides, receiving cryptos is better for me. However, in person or online in a shop it is likely to have sold at $800, when it did sell. Along with the $200 deposit of coins that I purchased to list the item. I share this with you not as a complaint but as perspective so you can see from both sides of the fence what is going on. currently I requested to 'complete to contract' and it asked if I was sure and *I think* i am sure because I did my job and all. However it is a bit confusing because I couldnt read the documentation. It is a windows .doc file and I am running linux. There were permission problems when I tried to access from the client and I granted the permission to the client to read it. However, the client is not displaying the documentation as I imagine it is trying to shell out to a windows app which is not present on Ubuntu. So I am in the dark and right now the system is stuck in a dialogue window saying "The client it waiting for a response. Would you like to unlock the escrow window?" .. Really I dont know what I would like other than to have the transaction resolved and the coin back in my wallet. Can you let me know what I should be doing here? I dont want to lose my coin or break the contract. thanks. I do understand your anxiety. I remember I felt the same first time I bought something on Ebay while they were something new. But rest assured, deals have been made with this software for 2.5 years now, and no one has lost anything so far. David is doing the finnishing touches of next release, so probably a little in authistic mode right now, but I'll draw his attention to this  |
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OP is now updated with new infographics |
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Do I understand right that "web and mobile wallets" does not mean marketplace, contracts etc? They are just to store bays? Or else it would be too good to believe First step is basic wallets. Multisig of course for web wallet. Then we need to expand that to contracts, marketplace etc. |
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Now I understand why price went down. People were waiting for pegging in 2017, at least in the beginning of 2018. Now they see that really serious things that could move the price up won't happen in the near future. These things are pegging and Web/mobile marketplace (that allows to attract sellers and buyers). Things like smart contracts does not impress traders much today.
On the other hand, price is extralow anyway, it will not fall much more.
Pegging is something we all look forward to very much. But we are actually getting way ahead of original schedule with this roadmap. Originally we had been talking about starting to develop web and mobile wallets after the peg. And those wallets are a must for our goal of mainstream adoption. The web wallet is also crucial for others to start building their own services on top of our tech. So in reality we are reducing development time with 9-12 months here. Maybe more |
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We seem to have suffered from some kind of attack, but website is now up and running again. Sorry for the delay. We hope you like the roadmap https://bitbay.market/roadmap/It`s nice that the team updated roadmap.. besides, I thought this coin already had ready smart contract templates. Also, pegging is final decision of the team? We only have the custom contract template and buy/sell coins template atm. Will be more templates as you can see on the roadmap. What do you mean by "pegging is final decision of the team?". |
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We seem to have suffered from some kind of attack, but website is now up and running again. Sorry for the delay. We hope you like the roadmap https://bitbay.market/roadmap/ |
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hi
i cant synch my wallet,
can someone give me active node please ?
cya
Click node list on this page for active nodes https://chainz.cryptoid.info/bay/#!network Usually you should not need that node list though. I'm guessing you are dealing with some other issue like outdated wallet, firewall, or anti virus. Feel free to join our slack for trouble shooting. |
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good day,
is there a POS on this coin
thank you
and what %
Yes it's POS. More specifically POS3. The total stake for the whole network is 1% pr year. Since many are not staking, those that stake can expect a lot more than 1%. We guestimate that those that stake 24/7 will end up with 3-6% |
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No. They promised the new client on October 1st.
The new client was never promised at a specific date. The blockexplorer was promised October 1st though. And it was delivered too. Keep an eye on next community update for release date of new client. Edit: When you read next community update, you will probably also understand why the block explorer was such a big deal  |
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I do not really like the idea of it preventing or smoothing spikes though since this is indeed the excitement crypto traders like and are excited by.
If the purpose of making Bay was to give traders something to play around with, you would have a point. But that's not what we are here for. Let the other coins play the p&d games. We are building this for mass adoption, and you can't get that with the volatility that crypto is known for. Edit: That said, I believe the peg will give some very interesting opportunities for traders. |
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A project that is dependent on spamming sets off the alarms for me. I will not invest in this.
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With a few exceptions the last six months, BitBay has a tradition for not being much affected by BTC crash. Actually it often goes up a little when BTC crashes. Check the historic charts yourself.
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Been observing things for a while as regards to the progress of Cryptocurrencies, only one seems to be progressing rapidly. Other one is hugh, good and well built but been the earliest crypto is understandably lacking in features that would've enable it progress quickly .
More innovation is seriously needed. Innovation should be constant. Some features need to be implemented on the good Cryptocurrencies which would automatically encourage other developers build cool stuff them.
There is a lot of innovation going on, but it kind of drowns in all the noise from the shills that hype the coin of the day. Look at coins that are 2-5 years old, and you will find a lot of innovative tech. |
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Do you guys keep bitbay on exchanges or wallets? What if I keep my bitbay on exchanges and rolling peg gets implemented. Will it be frozen there for a very long time?
Anyone that's been around for a while will tell you to not leave your coins on exchanges. They tend to get "hacked" That said, the peg is not expected to cause problems in regards to keeping coins on exchanges. David has several solutions to how exchanges can deal with the peg. |
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