Heya,
I've been building interest in Bitbay. Sounds like a promising project! Out of curiosity, does BitBay have a lot of competition for the direction it's trying to head in? Ie, are there other crypto-based, decentralized marketplaces similiar being released?
Trying to understand the uniqueness of the project, what competition it has and what kind of growth it could expect over the coming year or more
Thanks, have a good day
Once you factor in the rolling peg, which will be released by the end of the year, there won't be another coin on the market even close to touching it. Double deposit escrow is a technology that is exclusive to David's Halo coins.Currently only BitBay, Blackcoin, and Bitcoin have double deposit escrow built-into their wallets. This tech removes the middleman from the equation 100%! Shadowcash is attempting to create the same tech for their marketplace, and it honors David knowing that others like Shadowcash see the power of removing the middleman completely out of the equation. I don't know how far along they are with their progress. And now they are transforming into Particl. Wish them the best of luck. But either way, I don't know if they plan to ever try to implement a rolling peg protocol to their current design. The whitepaper for the rolling peg will be released in a few months. It is already completed, we just don't want to release it yet until we get closer to it's implementation. So stick around, buy on the dips and keep accumulating till the rolling peg gets here. Then the real fireworks will start! |
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Sure. I make more interest if I increase stake. But am forced to babysit a fork where we have to force everyone to upgrade. When QT is gone it's easier. But for something as minor as this it seems a bit of a hustle to spend a month worrying if we got all nodes on the new build.
So I would have to do what, change the port number? Tell exchanges to rebuild? I'm thinking the bigger rewards come with finishing the remaining templates and rolling peg.
And it's pretty fair... I'm definitely outnumbered by other voters and some.guys in core could easily defeat my vote.
But to level the playing field I'm going to stop voting for a day.
Why stop? This is a great moment for people to "wake up" and transition their coins from the QT to the client. I've got about 7 million voting for stakefork. All it takes is for 11% of the coin supply to vote for the stake. We have till the 4th of April before the vote ends. Let's let it ride its course! I'm going to start up again... just waiting for more people to start staking. It is after all, their rewards they are voting for. Although my argument is, the best things in life are worth waiting for. Been waiting for the peg for 2 years now!  The moment is nearing! Winter is coming!  |
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Sure. I make more interest if I increase stake. But am forced to babysit a fork where we have to force everyone to upgrade. When QT is gone it's easier. But for something as minor as this it seems a bit of a hustle to spend a month worrying if we got all nodes on the new build.
So I would have to do what, change the port number? Tell exchanges to rebuild? I'm thinking the bigger rewards come with finishing the remaining templates and rolling peg.
And it's pretty fair... I'm definitely outnumbered by other voters and some.guys in core could easily defeat my vote.
But to level the playing field I'm going to stop voting for a day.
Why stop? This is a great moment for people to "wake up" and transition their coins from the QT to the client. I've got about 7 million voting for stakefork. All it takes is for 11% of the coin supply to vote for the stake. We have till the 4th of April before the vote ends. Let's let it ride its course! |
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The first official BitBay decentralized voting poll is live! For any new forum members we are casting votes to determine whether or not we should fix a stake reward glitch now or later. To fix it will require a fork in the chain. It appears the developer is the only one who wants to wait, yet I can't even find him voting currently! Voting started at 7:00am UTC today. If you wish to use your client to count votes, goto: Settings -> General Settings - > Mining/Staking Voting tab -> click on count votes and enter either: stakefork or nostakefork as your text string to count. Then you can enter the starting block when the voting poll officially began = 1135273 And then enter the most current block as an ending vote. The Client will then scan the blockchain and tally up the votes for each text string. Remember votes are only cast on staked blocks so they are not easy to be cast. Yet this affects everyone on an even level. So the sooner you start and the more coins you have, the better the chance your voice will be heard! The voting poll ends 4/4/17 7:00 am UTC The last official vote block found before that deadline will will a 5000 coin prize! You don't have to use the client to track the votes cast. You can also use the blockchain. All votes goto a burn address. stakefork vote address is: https://chainz.cryptoid.info/bay/address.dws?bPFjpZ3TwVJHudKrhxzqb9oPDvhBsQBtPV.htmRemember votes are only counted after official start of poll. So the first vote block found is https://chainz.cryptoid.info/bay/block.dws?1135399.htmAgain, I currently can't find anyone casting votes for: nostakefork If that is your desire you better get started ASAP. Welcome to the future of blockchain technology where gridlock and political strife have no place!!! This is an important event. Possibly in historic terms too. I don't think we should fork the coin right now it just creates work. However I also do not think we should start this democracy with David casting votes with 100M coins. It will set a bad president for the democratic nature of the voting mechanism. You can guarantee at this stage less than 25% of coins will be put to use for voting so a 10% chunk voting at this point is a certain victory for whatever way david votes. It almost nulls the point of having a vote. I would suggest for the sake of democracy no voting by the dev until bay is way more popular and 10% is not such a huge factor. Rather we just listen to his reasons for a no fork vote more carefully. From a selfish POV david could vote for a fork because with 100M bay he stands to accumulate more than anyone else. He must have a good reason for casting a non fork vote. I'd rather push ahead with the project rather than doing another fork right now. Hopefully the pegging will come forth and the next upgrade or update we fix the interest rate. All good points. Looks like my dog will just have to starve for a few more months.  |
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David I didn't know you would have bcome a digibyte fanboy, a round defender and a monero chief scientist! That's the forum april's fool: those little symbols under our nick Funny... Haha it's funny indeed. And if you ask me it would be good to keep those tags. It's shows newbie which alt their prefer. BTW Is there an ETA when the staking rewards will become 'normal' again. 1.5 Bay is not a lot compare to power usage keeping/ keeping the network safe. David will have to answer that. But yeah that will be determined after this vote is completed. And you are correct, 1.5 coins per block is pretty weak. Once that is fixed the total should equal about 20.5 per block! So get your coins while they are still cheap! I'd love to be able to have a steady income from BitBay stake rewards after the rolling peg |
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The first official BitBay decentralized voting poll is live! For any new forum members we are casting votes to determine whether or not we should fix a stake reward glitch now or later. To fix it will require a fork in the chain. It appears the developer is the only one who wants to wait, yet I can't even find him voting currently! Voting started at 7:00am UTC today. If you wish to use your client to count votes, goto: Settings -> General Settings - > Mining/Staking Voting tab -> click on count votes and enter either: stakefork or nostakefork as your text string to count. Then you can enter the starting block when the voting poll officially began = 1135273 And then enter the most current block as an ending vote. The Client will then scan the blockchain and tally up the votes for each text string. Remember votes are only cast on staked blocks so they are not easy to be cast. Yet this affects everyone on an even level. So the sooner you start and the more coins you have, the better the chance your voice will be heard! The voting poll ends 4/4/17 7:00 am UTC The last official vote block found before that deadline will will a 5000 coin prize! You don't have to use the client to track the votes cast. You can also use the blockchain. All votes goto a burn address. stakefork vote address is: https://chainz.cryptoid.info/bay/address.dws?bPFjpZ3TwVJHudKrhxzqb9oPDvhBsQBtPV.htmRemember votes are only counted after official start of poll. So the first vote block found is https://chainz.cryptoid.info/bay/block.dws?1135399.htmAgain, I currently can't find anyone casting votes for: nostakefork If that is your desire you better get started ASAP. Welcome to the future of blockchain technology where gridlock and political strife have no place!!! |
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Should have a community announcement released later today. Will post here as soon as we complete.
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The fee to fund the upkeep would still be nothing compared to Ebay and such, because the system could remain highly automated and trustless on a peer to peer level with the DDE.
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Ok, so we found a problem with the latest download. It was put toghether quickly to patch something, but broke something else. There is no virus, but wairt for David to make a new build, because you are not likely to get this to run.
Will announce here when it's done
Sounds good. In the meantime, I have a ton of ideas about marketing. I talked about some on Reddit, but the overview is that in order to get people to start using it there needs to be a small target market. For that market, BitBay trades need to be as easy as the current trades, but offer something more. I know several markets that operate exclusively on bitcoin/western union sales. The problem is there is no protection for the buyer, and it's very easy for the sellers to scam. We can pitch BitBay to these markets as an option for safe bitcoin sales for buyers. Little do they know that they're actually stimulating the Bay economy and growing the popularity. Soon, they'll bring it to other markets, and it'll grow further. Things that will aid in the adoption of BitBay by these markets: 1. Making it as easy to use BitBay from Bitcoin as possible. The fewer steps needed, the more likely people are to use it. 2. Convincing buyers about how this works. Some simple graphics that can be used to explain why BitBay is better than Bitcoin in a pitch to the target market will be super helpful. 3. Possibly having a 'BitBay Lite' download that would be impossible to mess up for the target market. Like no unnecessary features, and so intuitive that an 8th grader could use it with ease. This would be exclusively for contracts where one person is paying with coins and one person sends a good outside of the BitBay client. 4. Having the 'BitBay Lite' have preset values that favor the buyer compared to the current system. I can get into the details if you want, but people would like it most if the buyer's reserve was ~0.5x the contract value, and the seller's reserve was ~1.5x the contract value. This is just an idea to get people to start using it on a pretty small scale. It would be very minimal, very targeted marketing. However, I can guarantee it is SIGNIFICANTLY more effective than more generalized marketing, long term. This concept is a home-run and a half, but if grassroots groups don't start using it you can be sure it won't gain any widespread traction. The same thing happened with Bitcoin. It took very small circles using it for it to gain any popularity. Let me know what you think. I think you are on to something  Adding a lite build may be a problem though because it's scope creep. We have more than enough scope creep as is. But maybe we could solve it with good instructions/graphics/videos instead that target that specific use case. Yeah that's the beauty of this. If people want an easy button we could utilize a website with bitbay running under the hood. Sure it would be running on servers and centralized, but for those that don't care, it's definitely worth the effort to give it to them. But yeah that's still down the road. Once core build is complete, marketing and tech funding should make it easy to integrate such a system. |
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ok I want to test the water and bough a little bit of bay to see if it do anything. i think bay need to hype about it smart contracts and also please provide instruction on how to use it. it is very important to have some kind of instruction as people would have no clue of what is going on after open bay market, including myself.
https://www.youtube.com/playlist?list=PLILfNPSQCo6yjFiwXY6-C-ikIDs6v2nHU |
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Finally thought I would get on board, thought about it a few months ago but now I can see this really has legs. The name itself is spot on, good luck.
Yeah the name alone was one of the main reasons I bought into this. It has one of the most marketable names out there and will help immensely in future adoption. |
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hello, there anyone tell me
1.if the bays need transfer to client or the qt wallet will always be there so it is ok in wallet?
2. if need transfer then how? it seems i cant use the wallet.dat in client and find the bays directly.
You do not have to transfer your Bay to the client. For now both wallets work. That said, we do recommend that you use the client for a number of reasons. Your wallet.dat from the QT wallet can not be used in the client because the client is multisig. You have to send the coins from QT to client. If you need help understanding the Clients setup and it's differences from the typical QT wallet (Bitcoin clone), please refer to these videos to help you https://www.youtube.com/playlist?list=PLILfNPSQCo6yjFiwXY6-C-ikIDs6v2nHURemember one of the main differences between the Client and the QT wallet, is that the Client requires 2 keys to create an account. Make multiple backups of these keys and store in safe locations. Let us know if you need more help |
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Decentralised voting! WOW that's awesome guys!
Wish Bitcoin would adopt this feature to help stop their arguing!
Can the voting be used for anything or just deciding on the pegging increments once that's implemented
Imagine applying that articles case point about money management to Iconomi. They now have the tools to create a trustless money managment advice system. The advisors could make a fee for their services. You could ask them a question on the voting system like Utilizing 3 custom votes. BuyGold HoldGold SellGold Their team of advisors would vote on the matter The correct advisors win the fee honey pot the losers get nothing. After they vote you make your own educated guess on the matter! We now have a way to completely deregulate money management because trust is no longer required! |
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Interesting comment by dzimbeck on github.
I've never seen those criticisms of the Lightning network before.
And rightly so. Seems only a handful of people actually know how it works, and those that do seem to have a biased view upon the matter. And the Bitcoin community bites off the head of any one that speaks out about it. And here we are. Bitcoin is nearing the breaking point from splitting to 2 coins. Great job! |
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Decentralised voting! WOW that's awesome guys!
Wish Bitcoin would adopt this feature to help stop their arguing!
Can the voting be used for anything or just deciding on the pegging increments once that's implemented
Yes! That's what's so awesome about it. It's completely custom tailored as well! Reread the article for case point. This has the ability to compete against AUGUR. |
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Only 13.5 million for sale on bittrex!  |
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Someone is sitting on a golden opportunity to load a nice bag with that current wall!
BitBay has THE most advanced cryptocurrency wallet on the planet >PERIOD<
This price is still a joke!
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Haha! Thanks brilliant. One more small step towards breaking free from the establishment. I love how it can replicate all it's parts so you never have to buy a new one. Heck I guess that means any upgrades would be allowed to be replicated as well |
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