It would start with pegging a little early so we showed investors stability for their finances when Bitcoin is like a rollercoaster right now. It would be a great chance for BitBay now... We will first fix the wallets. So we have a solid platform. The pegging will come later since there is much to take care of first I think that we could attract more users. When we are about ninety space coinmarketcap we are not very interesting for potential users and investors. It was not meant badly. This is just my thought... How the F do you want to attract more users if the wallet don't work properly, we need to address the issue i am also having issues AFAIK this happens with Windows8. I think with most customers Windows8 is the most choosen OS and also for future Windows7 is outphased by April, so we need to focus on Windows8 because it's also futureproof. I see a lot of people talking about it not running windows 8. You realize that is an entirely different build. Its the same at vista or 98. Every version of windows is different with all service packs. But actually our website shows bithalo downloaded a few hundred times a day and mostly windows 7. There was very few people who reported issues. And a majority of our visitors use Mac. Windows 8 is not as popular as 7 yet. Regardless, making it cross platform is not the kind of thing to have happen over night. It will be the next thing i work on though. Issie what issue are you having? Can you send me an email with a time we can talk on skype or do teamviewer? Anyone who has issues on windows 7 can solve them if they install openssl or simply contact me directly. Also, none of the issues are directly with Bitbay but with bitbayd or bitmhalo which is the headless daemon or bitmhalo which is bitmessage which requires openssl. In the directory you will see libeay32.dll and there are two of them for different windows builds. If those dont work, then install openssl. Later i can see if i can include it in the installer.
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Well the current release works on most of the computers we tested on considering we had a few thousand downloads and only a handful of people not able to run it. Mostly because of openssl. The reason Giz wasnt able to run it was because he is running windows 8 and we need to test for that.
But Kevin, you should let me know if we can screen share at some point so i can troubleshoot your error as well.
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Hey lots of comments, thanks everyone for the support and encouragement. As for the pegging what some of the other community members said was correct. The new model we are looking at is more democratic allowing voting on deflation and inflation rates from the fork. The fork itself will cause X% to become reserve. Perhaps anywhere above 90%. From there you set either inflation from reserve to liquid or deflation from liquid to reserve. So that will allow a much more dynamic market where price and supply can match consumer demand.
It seems that an investor would want to see the price grow and the way to do that is with deflation. Then if the price gets too high we vote for inflation. This also means its much less centralized. NuBits totally is centralized relying on only one exchange primarily and custodial wallets. We can let the wild forces of nature give the price a lot more play for traders and at the same time we can deflate the supply so price can match demand. This makes for some really interesting arbitrage. Additionally, it protects the coin from having a central head or liability. Voting is a good way to put the power in the hands of the users. I might want to take a majority vote from the voting address itself in the beginning to avoid market manipulation(making a consistent deflation). And eliminate that majority after we hit that first target.
So even 1 cent is a very good target for the next 4-5 months. If we hit that level, and can continue to deflate we can grow gradually a few percent at a time.
But anyways, we arent there yet. The topic of the next month will be linux/mac/windows 8 and markets. One of the troubleshooting i did today was with windows 8 and apparently i might need a specific build or make a few changes to our build. Also, for some windows 7 users, libeay32.dll isnt sufficient and they would need to install openssl. I'm going to consider how to make that more user friendly.
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Hey David, I am having some issues with the new client. It just ends without any errors after what seems to be the same amount of time. About a minute or so. This happened with the install and once I got that done the wallet itself. Any ideas? I will uninstall , reboot and try again. I am on Windows 8.1. I liked that it had some info for new peeps, a guide, but some of the wording should really be changed. Not a complaint, looks slick. Congrats on all the hard work. Same here, get an error then crash. "The instruction at "0x0079e476" referenced memory at "0xfffffff" The memory could not be read". Ok please PM me. My guess is that bitbayd isnt running on your machine for some reason. We could perhaps look at it over skype or teamviewer.
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Make multiple secure backups of your keys (encrypt the backups). I store mine on an encrypted drive and two USB keys - learnt my lesson when I lost 100K BLK through not keeping multiple backups.
Actually in the wizard i recommend two backup methods. Emailing your keys to yourself and using an optical drive. Like a DVD. Because old hard drive backups will fail and expire after a couple years. It happened to me and i lost an immense amount of data. So DVDs dont expire especially m-discs. Also another way is to print out the contents of the file on a piece of paper.
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Hi guys
I could have some prospective big investors, but need a roadmap for the upcoming year...
Thank you
Roadmap: Next up is windows and Mac clients. Then markets. The target is one month but may take two. After that I release NightTraders microtrader for blackcoin. And also will do pegging and cold staking all the same 1-2 months. So total should be 2-3 months target. If there are any delays it shouldnt be so much.
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Hey David, I am having some issues with the new client. It just ends without any errors after what seems to be the same amount of time. About a minute or so. This happened with the install and once I got that done the wallet itself. Any ideas? I will uninstall , reboot and try again. I am on Windows 8.1. I liked that it had some info for new peeps, a guide, but some of the wording should really be changed. Not a complaint, looks slick. Congrats on all the hard work. Yeah i think i know what is happening on your computer. Bitbayd is not loading and then after a minute the client cant find it and exits. I really should put a warning for that when it happens. So perhaps it needs to be run as admin. You shouldnt install to program files by the way. It may be antivirus interfering too. Can you please add me on skype sometime so i can troubleshoot it?
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Hey David, I am having some issues with the new client. It just ends without any errors after what seems to be the same amount of time. About a minute or so. This happened with the install and once I got that done the wallet itself. Any ideas? I will uninstall , reboot and try again. I am on Windows 8.1. I liked that it had some info for new peeps, a guide, but some of the wording should really be changed. Not a complaint, looks slick. Congrats on all the hard work. Same here, get an error then crash. "The instruction at "0x0079e476" referenced memory at "0xfffffff" The memory could not be read". if you do not need a multisig address or share account, then you do not need the second private key or share file. Yeah it doesn't seem to matter for me. I do not get any specific error. A tad odd since the old client runs fine on for me. I had same problem when i stored one private key on usb an one private hid in image on laptop, i never put usb in on this occasion and it loaded for a second then exited rather quickly with no error, i see it as an excellent security feature without the usb you cannot hack my wallet, i would recommend 2 keys regardless of what it is you want to do with the wallet. So judging by my problem which was very similar it does not look like your key/keys are being found for some reason. sure David will be around soon and help you further. So you store key1 on pc and key2 on stick you hide the stick safe then your wallet is not useable unless you plug the usb in the pc..am i seeing this correct? Thats correct one private key is in a image stored on my laptop, the 2nd private key is on a 'new' usb safely away from danger for someone with your amount of coin i would go a step further and back up both of them keys on another drive just incase, that with passwords good luck hackers lol if the security is there why not use it. Well done David this is by far the best crypto wallet i have come across. Thanks man! Yeah the new wallet my focus was user friendliness. There is a lot of focus on security too. Like hiding keys in images is really good if you want to back them up by emailing them to yourself. There is a lot of ways to use the wallet.
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so,..what the next plan..
That would be releasing the new client that is going through a last finishing touch. Yeah that client is out i think the download link on the main site should be live. I posted on reddit but nobody noticed. Would like feedback on the new client. It has email tipping and joint account automation new ui etc.
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I guess a more useful question would be why are there transactions into and out of the same address every minute?
Thats a good question... i dont see the benefit of doing that.
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If bob doesnt get banned/deleted here how can this give away be deleted..
I seen this week good developments i see a fire is being lit up and teams are being created good to be a part of this group we can make this happen
0.0008 BTC to get your account unbanned or if you're a scammer you can pay the same amount and keep posting forever. Thats stupid xD well thats why we setup other community channels I'm going to be using slack a bit more and post more often on reddit for any more community projects. Right now, just testing and after the 12th will think of something new.
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Hey guys, To promote our new facebook community page we are holding an free give-away. -Like the Bitbay Community page -Leave an comment on the Giveaway post And you will be getting an chance for 10K Bay. 10 People who like & comment will randomly be chosen for the prizes! Search in Facebook for : Bitbay Community https://www.facebook.com/pages/Bitbay-Community/408172686004245?ref=ts&fref=tsGood luck! If we get a lot of people on our twitter we can tweet this too ... bounties like this would be very effect "strength in numbers" sort of thing
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Can't wait to test the new Mac wallet. Any updates on that (sorry for my impatience) Its been almost 6 months and I've yet to do a Mac or Linux build for smart contracts mostly because I've been busy. However, it is going to be the first priority after this one releases to make it cross platform (i have to change out some crypto libraries)
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Also, anyone who wants to test the new client can email Lanthan(Jean Marc Hoffman) or chat with him on Slack. I want him to run a couple tests first and then he can give out the link privately.
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Ok guys, the prizes are selected and the winners as shows! 1st issie/his friend This logo gave the feel of the original but in a more modern way. It was also well stylized and unique. The designer has a very good feel for branding. Good job! Also, the community all responded very positively about it. And the community is what its all about. http://www.imgur.com/AX9U1hQ2nd unusualfacts30 All of your submissions were highly creative! And that counts for a lot. It is the people who are creative that always end up inventing new things because they are willing to take risks. And although your first submission would be more suited for a cool looking symbol than a logo, it was a really great looking design! http://www.imgur.com/yHsYxNQ3rd EddyShark I'm a sucker for simplicity. All of your logos were professional. And although had we gone in this direction, we may have wanted to mess with the colors and style a bit, I liked the direction it was going. http://www.imgur.com/DJ10BrxAlso, as a bonus, I'm going to personally tip 50,000 BAY to everyone that submitted that didn't finish in the top 3. Please let me know if I left you out. The people below please PM me an address for sending the tips. funsponge spookycoins Decentradical KC6TTR digicidal
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Please can you help my understanding of this project - what is the difference between blackcoin and bitbay? Are they very similar?
Thanks,
G.
The difference is, Blackcoin will be used in exclusive trading pairs for the Nighttrader Microtrader which is decentralized exchange. BitBay will have faster contracts because of "checklocktimeverify" and will also have pegging rules to have a democratic control of supply and demand. I'm also thinking of ways to do a p2p style multipool mining for Blackcoin for anyone running the client. In the interim, Blackcoin was supposed to have multisignature staking but we still need to get the new build from November to run without the RPC bug. Currently though, Blackcoin and BitBay are identical.
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am i reading it good decentralized exchange? the wallet says that will that be fully functional upon release?
David got some skills:)
Yes he does ! Yes, Halo is complete decentralized exchange without a "middle" coin like nxt. Its totally cross platform. The microtrader is called "NightTrader" and essentially is my gift to Blakcoin(since it will have exclusive BC pairs). However, i can see people trading bitbay once it pegs in the microtrader to hedge out of bitcoin. Also, staking is possible, but only in BlackHalo. The new daemon however, has this bizarre RPC bug where python-bitcoinrpc causes timeouts and crashes only in blackcoind built for windows. I'm still trying to diagnose it. rat4 sent me like 7 builds to fix it and gave up to no avail. Need to identify if its because of a change in blackcoin or that simply the old rpc library is incompatible with the new build. The method of Staking in BlackHalo is called "cold staking" or "multisignature staking" where you basically use two computers or locations to stake making your wallet unhackable. You will see what im talking about in this version of Halo because you can basically do the same thing with regular purchases. (You can send coins from one location and have it automatically signed at another using 2 step spend). In this version I automated that task.
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Still messing with the colors a bit.
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