quick question, I ran the update file from the link David posted previously everything went well but know its saying there's another Halo update.
Should I do the same procedure as last time re-naming the wallet to original etc or something else....cheers
No that was a one time procedure and yeah there was another update and it should be the last update for a while. |
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What is the best exchange to use for the update to new wallet?
We don't have any exchanges for now. Latoken will integrate shortly after our fork and then we will try to update Blocknet for the peg. However for now trading should be over the counter. As for the wallet choice both the Markets Wallet and QT are good options. Just depends on if you want the higher security and decentralized markets or if you want a light weight wallet to visualize the peg. I'm happy with both products. Thanks for getting back to me bro. I just downloaded and installed the new QT on Linux and it seems was a perfect transition, I see all my coins already and it's in sync instantly, my question is there any thing else I need to do or is the new wallet enough? The new wallet is enough, thanks. |
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Any plans to release sources for 3.0?
For the peg? Yeah of course. We will probably release under the Jerulija license to prevent cloning. It will be open source though. We currently keep the branch private and share it with exchanges. Halo is always released open source and obfuscated however I may remove the last bit of obfuscation and use the aforementioned license. It's a matter of timing. I would think the community would want a few months with the branch kept private. We will see what happens. |
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What is the best exchange to use for the update to new wallet?
We don't have any exchanges for now. Latoken will integrate shortly after our fork and then we will try to update Blocknet for the peg. However for now trading should be over the counter. As for the wallet choice both the Markets Wallet and QT are good options. Just depends on if you want the higher security and decentralized markets or if you want a light weight wallet to visualize the peg. I'm happy with both products. |
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ok done it, update went very smoothly. The rescan only needed roughly 30 minutes. Hopefully that's normal..and all my coins are liquid, i did have a few in reserve to start with but now they are all liquid. Once again I hope that's all normal...thanks for all the help and holding my hand through this process.  The switch to reserve you saw is a buffer. It takes that when it's close to any block divisible by 200. This is to guarantee that even if the chain reorganizes your transactions will always be valid. So it sets aside some of the liquid if that liquid is close to being reserve. |
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You sound like a guy who’s closing his store after years of trying to keep afloat. Your suppose to be the positive one  . You wouldn’t Have see Steve jobs at the launch of iPhone saying its may catch on, it may not but it’s been good doing it’ or words to that effect. Regarding the liquidity isn’t that something you knew would be an issue and been looking at how to solve it for the last few years? News articles planned or bots? Why would I emulate Steve Jobs? I would rather be an original than a copy. And besides, I don't see too many billionaires fighting for peoples freedoms. It's redundant to say a coin needs liquidity (demand). Even if the peg can force price by controlling supply that only solves one of the two factors of value... Supply and demand Demand is the kind of thing that if you want the masses in, you need to do certain things to get their attention. And this has been mentioned on the forums over and over again. However just so you know, the demand and supply will probably be very close in harmony. Thus if volume drops and demand drops then supply will probably drop to meet it in order to hold whatever price the community considers the floor. Granted we think demand will come with the comfort of knowing the peg is not collateralized and then as they see the price stability and growth they will come. But unlike other developers I try my best to let the code speak for itself. If you want to buy dreams there is tons of vaporware on coinmarketcap I can recommend for you.  And yeah as for news articles and bots and conferences and stuff sure that's a great idea. But first lets launch this thing! We are planning a fork within a week or two. So you will see periodic updates making sure everyone ports over. |
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lol HNY...so is that your big day? we'll see  honestly i really do hope for the best for y'all and we see bay succeed and moon.  - for you guys! just IMHO i don't think it'll go as far as promised is all. take care. Thanks I appreciate it. I know we have done something right if even our detractors are quietly rooting for the underdog. To be honest, considering all the shilling Bob/Gecko/etc did when things were really bad for us in 2014, it was amazingly epic that we made a comeback from that and I never expected BAY to go as far as it did in 2017. I had previously thought we needed the peg just to break 1 cent price because of how difficult things were for us. Amazingly, BitBay had it's day in the sun and no matter what happens, I will always be happy about that. It was a legendary comeback. Also it's not so bad having you around even if you don't believe BAY will make it. It's a healthy dose of skepticism. I have admitted that we need liquidity and volume regardless of how good the tech is or is not. The peg is great but for a high liquid supply high volume is almost required. It's anyone's guess if we will get it. And you might be right. Maybe we won't. But there is only one way to find out and that is to keep pressing forward. With the fork and LAtoken listing almost imminent we will see what the truth is very soon. We have tested trades on there and all that is left is for them to finish withdraws. |
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I have updated the QT; this went quite smoothly, as hoped. I am also staking, but the results appear to be a bit odd. Before update, I was staking a few dozen times/day, gaining 20 coins each time, as expected. I am now gaining 18 coins each time, every other minute. So something must be wrong, surely?
Okay so two things... the 18 coins instead of 20. This is because there is a donation address. You can opt out of it(just look at staking tab). Users had been requesting it for years to help development (I personally was indifferent because I didn't feel like it helped to put sell pressure on the orderbook even if it was for development). Either way, every user can choose to opt in or opt out to contributing a small amount of the stake reward to development. In absolutely no way is it required (as that would not be decentralized). It goes to the foundation address which is managed by Craig, Bjorn, Shorn, etc. Also this feature is only in the QT and not in Halo wallet. Halo already had a donation option but it was not automatically applied to anyone or anything. The second thing is, you must be on a fork. Unfortunately, if you are getting blocks every minute somehow you ended up on a fork. I would say we need more stakers. You will unfortunately have to resynchronize (of course back everything up). Might take you a few days. You can confirm that you are on a fork since your latest block hash won't match chainz and your block number won't match them either. To avoid in the future try updating your list of nodes and add some from chainz. Thanks for the informative and helpful response David. Re nodes; where do I insert them into the BAY blockchain directory? There does not appear to be a .conf file? The QT does not come with a config file, you have to make one. And it is in the standard data directory in roaming. The markets client however does and for that just edit it. |
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I have updated the QT; this went quite smoothly, as hoped. I am also staking, but the results appear to be a bit odd. Before update, I was staking a few dozen times/day, gaining 20 coins each time, as expected. I am now gaining 18 coins each time, every other minute. So something must be wrong, surely?
Okay so two things... the 18 coins instead of 20. This is because there is a donation address. You can opt out of it(just look at staking tab). Users had been requesting it for years to help development (I personally was indifferent because I didn't feel like it helped to put sell pressure on the orderbook even if it was for development). Either way, every user can choose to opt in or opt out to contributing a small amount of the stake reward to development. In absolutely no way is it required (as that would not be decentralized). It goes to the foundation address which is managed by Craig, Bjorn, Shorn, etc. Also this feature is only in the QT and not in Halo wallet. Halo already had a donation option but it was not automatically applied to anyone or anything. The second thing is, you must be on a fork. Unfortunately, if you are getting blocks every minute somehow you ended up on a fork. I would say we need more stakers. You will unfortunately have to resynchronize (of course back everything up). Might take you a few days. You can confirm that you are on a fork since your latest block hash won't match chainz and your block number won't match them either. To avoid in the future try updating your list of nodes and add some from chainz. |
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I always get a bit panicky when a coin forks, worried i'll lose my stash...so what do i need to do, just click on the update (i have a normal computer windows wallet) and it does it automatic?, will i need to change passwords, will it create new keys?..sorry if these are daft questions but i don't want to feck it all up on the last hurdle. and a big thumbs up to the bitbay team  There is no risk of losing your stash, just make sure you are upgraded. If it's the QT update here: https://github.com/bitbaymarket/bitbay-core-peg/releases/tag/v3.0.0aThe QT just replace the previous QT with the file above and you are upgraded. That's all. Of course always make sure you have good backups. IF it's the MARKETS/HALO client then download at the links formerly sent. Run the updater. Then rename wallet.dat to wallet-original.dat and then load then new Halo. Then load your two private keys from the file menu(file->open->normal account). Or if you have multiple accounts load each one in any order. Then once you finish loading them it should show a zero balance which is fine, just click the rescan button on the lower right corner. Rescan is different from resync as it just rebuilds wallet.dat. Once that's done you should be up to date. To be clear you don't need new keys. Your two private keys in Halo are your account (key1 and key.private). So just stay with that same account. Is there any deadline for the QT update? What happens if we delay the upgrade of it in term of staking rewards? You can not delay upgrade. Everyone should upgrade with the links I posted. Delaying will put you on the wrong side of a fork and also we need over 75% of the users on the new software in order to fork. As far as rewards its the same staking until the fork is automatically triggered. |
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I always get a bit panicky when a coin forks, worried i'll lose my stash...so what do i need to do, just click on the update (i have a normal computer windows wallet) and it does it automatic?, will i need to change passwords, will it create new keys?..sorry if these are daft questions but i don't want to feck it all up on the last hurdle. and a big thumbs up to the bitbay team There is no risk of losing your stash, just make sure you are upgraded. If it's the QT update here: https://github.com/bitbaymarket/bitbay-core-peg/releases/tag/v3.0.0aThe QT just replace the previous QT with the file above and you are upgraded. That's all. Of course always make sure you have good backups. IF it's the MARKETS/HALO client then download at the links formerly sent. Run the updater. Then rename wallet.dat to wallet-original.dat and then load then new Halo. Then load your two private keys from the file menu(file->open->normal account). Or if you have multiple accounts load each one in any order. Then once you finish loading them it should show a zero balance which is fine, just click the rescan button on the lower right corner. Rescan is different from resync as it just rebuilds wallet.dat. Once that's done you should be up to date. To be clear you don't need new keys. Your two private keys in Halo are your account (key1 and key.private). So just stay with that same account. |
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Hello, David, what about WebWallet in Dynamic Peg future? It will work correctly?
I see it as very important to have a high-quality web wallet - it's simple, it's clear for most people, it's our way to mass acceptance.
Yes, both the web wallet and a Mac build that doesn't run Wine will be the highest dev priorities aside from maintaining the new build and assisting advising on exchanges and stuff. After that, the only thing left for a completion of everything would be web markets. Still, getting volume into this peg and marketing would be the biggest priority however I agree that without a web wallet it's harder to market to newcomers. And occasionally there will be people who buy and hold and only want to store on web wallet and android. |
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lol bitcointalk doesn't let me delete a duplicate post... strange. OK well yeah everyone it's what we have all waited for. I expect as close as possible to 100% of the network on the newest builds. The Halo version is 1.38
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Some of the top exchanges may be a bit expensive to list. But we definitely have them on our radar. |
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but hard to get liquidity without being listed on an established exchange
We have Latoken and I still am talking to others. It's just a process. Since obviously there is many scam exchanges and this includes "established" ones. However we will fork really soon probably within a month |
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hmm anything supported by well known scammer cryptohunter is suspect. i hope hes not staff here at bitbay? at least i dont see his name on the first page
i like the idea of serverless markets tho
In that case you might consider being suspicious of Bitcoin(which probably almost half the coins have been stolen by exchanges) or the USD. Not sure what you are trying to accomplish with a comment like that. Bay has been around for 5 years, and is one of the most developed projects in the industry. All it takes is for someone to look at github and the 50k lines of original code in Halo to know that. BitHalo and BitBay were the first smart contracts, a year before Ethereum. Although they are different because this project uses double deposit escrow. And that doesn't even get started on the peg. |
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Seems strange so many people have issues syncing up bitbay. I came back and started up a new one from scratch immediately with zero issues pretty fast.
I wonder what is stopping some get connections.
Seed nodes were down, so then a couple people got out of sync. That's why, things seem okay now. |
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Again my wallet is not sycnhing  : but this time I have 2 active connections to network ( last time I had none) but my QT wallet v 2.1.1 is stuck at block 2385063 since 23 hours ago. Last few lines of debug file shows ProcessBlock: ORPHAN BLOCK 751, prev=1d1773d0a2d99aee6118cdf594e790f12cd9ff31789a37be8773eafc4adc3555
ProcessBlock: ORPHAN BLOCK 751, prev=9812e49856020693f809479377a4cac1635f14f8ee5635663d11cb93ba7cecd2
ProcessBlock: ORPHAN BLOCK 751, prev=ef596acf6924a6725def4f3cdd99f627a3c43b13004f0c3cf06cb5bf036584d8
ProcessBlock: ORPHAN BLOCK 751, prev=335a324cb334520b9ead1cfc2df0d67ac948df325f929e5b1a0064c2a925acf5
ProcessBlock: ORPHAN BLOCK 751, prev=22d35766174610b41910190226a649ce9a7d8e6e0d9bd33b328ba9d30df90ca3
ProcessBlock: ORPHAN BLOCK 751, prev=8da658062f1da831875412e07628a74575d706bd98fd1e85c27684a7b4641821
ProcessBlock: ORPHAN BLOCK 751, prev=999ad3fb37d9971021c144ea77bb8fd192e785461cd7a4c0d10e8bdd4c9182a1
ProcessBlock: ORPHAN BLOCK 751, prev=f74e21313a29de8d58e2037375dccab657c825867400d965178b7d5e66976f41
ProcessBlock: ORPHAN BLOCK 751, prev=c4abe82f8d394e841b05f2d97b1ca1d00a092a2b57e8c7d26eccecb1ecdabafa
ERROR: CheckProofOfStake() : INFO: read txPrev failed
ERROR: AcceptBlock() : check proof-of-stake failed for block 4e7e443170d3b0cb356a4b5d8b250e547bdc925ec4674ecf9f0dfb36a6a83d92
ERROR: ProcessBlock() : AcceptBlock FAILED
ProcessBlock: ORPHAN BLOCK 751, prev=7ed0634a98bd82ff58c312a443b3267bcb38762a8593fa5a9f4c7572ade46da3
ProcessBlock: ORPHAN BLOCK 751, prev=498ecbdf7eb6871d437d5a397e68aea1098a87c18c71fc68ffbf42807d4e50f4
ProcessBlock: ORPHAN BLOCK 751, prev=86a3b624e3b7c95e56d4eeba57dbe70c18139aaac19cf814520289a5fbb19143
ProcessBlock: ORPHAN BLOCK 751, prev=eb33cf2e2d99a41be1987a5acb5ab19a3d896060a4068a32aec6d07663ecb82d
ProcessBlock: ORPHAN BLOCK 751, prev=d0b3de967ecf935959dd2150ca9727e9d33649e7f15812f59e21ca0de230fe79
ProcessBlock: ORPHAN BLOCK 751, prev=c74d746981229694e0812e01334224c808649e747937f52219ebae76751fb973
ProcessBlock: ORPHAN BLOCK 751, prev=8eaf2f845a2ad7100757088fae859a77e37de4618aa9776f93abce7fb91d3de6
ProcessBlock: ORPHAN BLOCK 751, prev=46e2827f220e88141c4f0d6e71bd951e22637f6548c0dd617821338e0be51e96
ProcessBlock: ORPHAN BLOCK 751, prev=12088d8353e7189a39a54aee68d60f805c02384b8ea6fca9529b8b180532ad1b
ProcessBlock: ORPHAN BLOCK 751, prev=01e65b05ed20de9aa1fb90cfc5f8e598e14fdacfd25cf5b5471f0f42bdb8326d
ProcessBlock: ORPHAN BLOCK 751, prev=40bf7a36604dd2befeb70be97dcc2829193fa1d0b86ee5ffdb5030f5847b55b6 Any clue on what's wrong this time? Thanks in advance for your help Try to resync from scratch. Of course have everything backed up. Also make sure the config file has all the nodes from chainz. |
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