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Hey guys, I wanted to hop in here and thank you for your support. I'm honored that you guys take an interest in smart contracts tech and are able to stand your ground with me.
With that said I had a question. Its a controversial idea but I'm actually liking it.
So here is the question. My original flow chart for markets I was going to get people into a whitelist by channeling their traffic through my server so we could grant access to decentralized markets based on good behavior.
But this model means that it still relies on a centralized server. It means babysitting it and doesnt actually show to be a scalable model for other businesses.
In fact, the only advantage I could see was speed. So, I'm wondering why add that layer first. Best to go straight to the decentralized layer, hit my milestone faster and find another method of moderating drugs/contraband that is more powerful. Trust building and ratings can still be added of course.
You see guys, I learned from this project that I clearly have people who dont want me to succeed(this also means I'm doing something right). The entire project was created by some agenda/etc to sabotage destructive tech IMHO.
All things considered, this means a decentralized market (if done incorrectly) gives them more ammunition to attack if there isnt a great moderation layer. I've got to protect my ass and also deliver a wonderful product. But the server layer seems like I'm heading east when I want to go west.
SO, my controversial idea was, to simply require that users put their IP address inside the order that goes to market. it can be encrypted so only Halo can see it. But what it does is gives me a log of all the IPs to deter people from posting illegal contraband. This isnt any different from how a website would work. When you log into a site, send an email, do anything on the internet your IP is revealed. So my question is, if it really is going to be legal things we are selling... why hide it? The biggest advantage of decentralized markets is there is no central server, its decentralized. So anyone in the world gets "free hosting" in a way. If the world ended the markets would still work. Additionally, I can make it so my server can in real time flag illegal orders in addition to being able to flag them in a decentralized way.
I can still build whitelists on top of that later to increase speed but im not sure its required to demo the markets. Also, having a decentralized kill switch and a system where users can flag orders is still highly attractive to me.
This was my recent thoughts. I really want to open up markets to the real world and give them a reason to think crypto isnt just a bunch of scams and criminals. (ironic considering how things started off on a bad foot but its nothing we cant bounce back from the brand is strong and if we get our two major features we can certainly be a contender)
Please let me know your thoughts on these ideas. I'm starting the coding now for a big Halo release(with pay to email) and these markets and felt some positive feedback and constructive criticism/brainstorming was in order.
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I had my account hacked by the BitBay team to post positive comments here about 2 weeks ago. That's when I bailed this bullshit.
I find it humorous that people are still interested in this dead horse.
I'm still interested in this "dead horse". The reason I'm interested is that this project is unique in many ways. There is still no competitor more advanced in progressing towards the technical goals that this project has set itself. You feel free to ditch it. I won't be. Its going to be implemented into blackcoin, you are wasting your time here. Blackcoin has a group of developers that need to concur before something happens. Zimbeck can do with this coin as he likes. Blackcoin can't just get pegged, it probably also never will get pegged, but Bitbay will. that's nonsense. David is not a PoS developer at all. He can provide his Halo product for BitBay, but regarding the fundamentals of the coin, let alone changing the protocol, BitBay has exactly zero developers. And that's not FUD, that's what David did admit multiple times. No!! David Work Very Hard!! Many cambodian developers working on 2.0 technology!! Thankyou for continued support!! Yeah everyone please to the new thread. Correction for Steve above, I'm coding the markets myself now it will be faster. I've downgraded to one coder who does building and cross platform only(the other two were just not able to do it). I'm now looking for high end highly experienced Indian coders and also bitcoin coders. Willing to pay a bit more actually. Looking for someone in the 10-20 year of experience range. The reason is, I've still coded 100% of Halo. The employees I had were nowhere near even being able to add a single line to it. They tried hard as hell but it just turned into a lot of teaching without actually ever seeing a useful commit. One of the coders is decent enough to test Mac and Linux. Didn't find what I was looking for. Starting to fish in a bigger pond. |
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I had my account hacked by the BitBay team to post positive comments here about 2 weeks ago. That's when I bailed this bullshit.
I find it humorous that people are still interested in this dead horse.
I'm still interested in this "dead horse". The reason I'm interested is that this project is unique in many ways. There is still no competitor more advanced in progressing towards the technical goals that this project has set itself. You feel free to ditch it. I won't be. Its going to be implemented into blackcoin, you are wasting your time here. Blackcoin has a group of developers that need to concur before something happens. Zimbeck can do with this coin as he likes. Blackcoin can't just get pegged, it probably also never will get pegged, but Bitbay will. that's nonsense. David is not a PoS developer at all. He can provide his Halo product for BitBay, but regarding the fundamentals of the coin, let alone changing the protocol, BitBay has exactly zero developers. And that's not FUD, that's what David did admit multiple times. Yes thats true. However, my markets are in python not c++. Only pegging would i need to delve into c++. Actually, I've been looking over the c++ source and started to isolate the parts I would need to change. So even though I haven't found a suitable c++ bitcoin coder yet (2 of my cambodian coders resigned and I only keep one on for building daemons and mac/linux builds)... Also, I know bitcoin intimately so I do know exactly how pegging will work as a protocol and all the minutia of doing it. I could in theory do the entire peg myself. I'm very familiar with bitcoin scripting and i used to play with c++ many years ago. The conversion from python to c++ would not be too rough. Although, if we find someone it would be helpful. |
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We will release more wallets later.
Thanks for your support.
David Zimbeck and our other coders will release more info soon.
Keep it rolling, good job guys i am proud of you Cant no Bob hodl us down, especially me  Thanks for your support. We will keep working on this project and release decentralized marketplace and hedging system as we promised. Hedging is fine for investors/me but the Marketplace is a winner..if released proper Marketplace no one can hold this coin down.. i am intrested in both value but more in trading online buying selling stuff online Its interesting, some people were arguing that I should make heding a voting system instead of having a master key. Although with voting there is still a centralized aspect of it. Some people arent a fan of hedging. Personally, im a fan because I think volume and use of a coin is more important that specualtion and trade value. Its like, when you have millions of users, then remove hedging. Although having a master key does give me the added resbonsibility. So maybe I should start it out by freezing 95% of the supply (leaving 5% liquid) and allow voting for inflation or deflation from there 1% increase or decrease per week. I'm just wondering if our distribution is good enough that voting would be fair. Maybe I could add parking to make it slightly more deflationary. |
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djm34, you are saying the only way out would have been to turn down the offer. Well yeah easier said then done when they are telling you whatever to get you in, rushing it, etc etc etc.
Its mathematically illogical to accept an offer like that knowing they will try to pocket more btc of your tech.
For example Bobs group ran away with 500 btc + 191(Bob) + 191(Ryan) + whatever they sold in Bay (at least 200 BTC lets say) + whatever they extorted from steven.
So yeah why would i do that, not sell a single baycoin, for a lousy license?! Totally illogical. Many times i asked them that i didnt want anyone profiting off my name it was my primary concern by far. I went into the deal cautiously because there was 4 others and felt that bter holding on to funds should be secure. Of course that assumption was incorrect.
Yeah so, like was said, you step into the garbage, and then are forced to clean up someone elses mess.
Correction: Bobs Group didn`t run away with FUCK all - you keep saying bobs group this and that, the facts are the group got FUCK all from BAY - stop with this. KITEY THANK YOU FOR THE CORRECTION. Yes this is correct(correcting the post). Although dont forget, they keep deleting your groups posts too. The last thing Bob wants is for you guys to speak out on whats really going on and you guys should. You all have the most knowledge after all. |
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djm34, you are saying the only way out would have been to turn down the offer. Well yeah easier said then done when they are telling you whatever to get you in, rushing it, etc etc etc.
Its mathematically illogical to accept an offer like that knowing they will try to pocket more btc of your tech.
For example Bobs ran away with 500 btc + 191(Bob) + 191(Ryan) + whatever they sold in Bay (at least 200 BTC lets say) + whatever they extorted from steven.
So yeah why would i do that, not sell a single baycoin, for a lousy license?! Totally illogical. Many times i asked them that i didnt want anyone profiting off my name it was my primary concern by far. I went into the deal cautiously because there was 4 others and felt that bter holding on to funds should be secure. Of course that assumption was incorrect.
Yeah so, like was said, you step into the garbage, and then are forced to clean up someone elses mess.
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Did you know that when BC started someone held about 75% of it? (blackhandgroup)
Don't make shit up and present it as facts. lmao, dude ask Josh from blackcoin foundation, ask Jabulon ask anyone who was there in the early days. I didnt even think it was true until i heard it confirmed a couple months ago. But it simple is true. Blackhandgroup had more than 50% of BC in the early days. Weak argument. Prove it or stfu. You're already backtracking and changing it from 75% to 50%. I'm a BC supporter and have been defending you even though I'm not involved in Bitbay... and now I read you passing off bullshit about BC as facts. As someone who has had people doing that to YOU a LOT recently, (passing off bullshit as facts) you should be more careful what you say. No proof = no facts. If you want a hard number on that go ask Josh or other BC members. I know it was more than 50%, I'm pretty sure it was like up to 75%. Its old news, i dont care about it I was simply making an analogy. In a sense though, you are correct, and it is currently irrelevant. Regardless, it did happen and everyone in BC knows about it. |
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in fact unusual facts, i wasnt even greedy at all. I just accepted the offer because it was above the threshhold of what i wanted for a license. And the guy fudding above you of course is ignoring the fact that i never sold baycoins.
Bob and Ryan would ask questions like "does money motivate you" and i would say "no, i only want to make good tech, help the people etc"
Remember, the reason i even took the deal at all was because i was excited to have support for my projects. (duh)
No dev in their right mind would have turned it down after going through what i went through to get there. They would have been in the devils mouth the same way i am now.
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yeah digicidal, no way in hell would i ever intentionally let someone else make btc on my head. Thats irrational, stupid and crazy.
I felt protective not only of investors but everyone. After the ico, it was a natural reaction to defend the project, the investors, myself, and even the group considering everything, i would ask how you would have handled it and if i was to explain to you every tiny detail you would see what im talkin about. Not everything was immediately aparrent all at once either(aka the paid fud). The worst case scenario kept becoming the case.
Of course, i knew during the funding of the ico, you can talk to me privately any time you want.
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This this a complete assumtion. 100% incorrect buddy. I'm one of the only devs in the world to be this transparent. I went above and beyond, just not on this thread. Read this and eat your own words... http://www.reddit.com/r/BitBay/comments/2p90g5/official_statement/Also, dont defend barrabas, read a few posts back, he is a Bob profile. barrabas would also say things that only Bob knew from a private phone convo. As far as distribution is concernded did you know that someone probably currently holds roughly 20% of BC? (blackwavelabs) Did you know that when BC started someone held about 75% of it? (blackhandgroup) Distribution of coins is never going to be even if anything Bay is distributed no differently than any other coin. While I certainly would not agree that "Bay is distributed no differently than any other coin", I do appreciate your post on reddit - it clears up some things from your side. I didn't bother to go through the rest of the addresses, but I presume there are 10-11 with ~8M BAY in each?... so that's the 90M you refer to in this post: OK we will catch Bob in the first lie. I have roughly 90 million BitBay. And I can prove it with addresses. I have never sold a single one. They were bought for me. So again nice try.
You also received BTC from the ICO (as you should have - I'm not disputing that one bit)... in fact, you should have gotten a whole lot more, since they leveraged your name/reputation/software... basically your everything. What you got was no where close to covering what you will have to defend forever likely. However, one point still seems to elude you (or at least eludes me since you haven't provided any evidence to the contrary): Where did those BAY come from? They were bought during the ICO, correct? They were purchased by 'the team' (regardless of which specific individuals we're referring to) correct? So did any of those people receive so much as a single BTC from the ICO proceeds? As an investor, particularly one that was very vocal in support of you until the truth came out - this is the one question that you have not now, nor seemingly will ever answer clearly. If any of the team paid BTC into the ICO and received BTC back again... then they got free BAY - which is the same as a premine (and perfectly acceptable if disclosed). As importantly, since that artificially inflated the ICO, because they weren't purchased by new hands - coins that should have been burned, were in fact simply kept by the team. This deflated the value of investor-held BAY, but did not deflate the value of your own - how could it, since it was free? I'm well aware of the history of BC as I was there from day 0 mining it and buying it... what happened with BC was a shame, but until I see conclusive proof that rat4 was a primary player in it - it's not the same thing as this is. If you have proof that the 'blackhand' group worked with rat4 directly and that he was paid BC/BTC then you need to publish - but until then, I will continue to believe that he was 100% innocent of that, and the rest was simply market manipulation from a group who picked the right coin at the right time to make the PnD of all time happen. (Or more accurately the DnPnD of all time).  ...But this isn't about BC - BC wasn't an ICO, Pavel didn't get free BC from buying BC and then getting his BTC back. As far as Blackwave Labs is concerned... so?? Just like everyone else ( other than you, Steven, Lin, and Bob's group in the case of BAY) they bought their BC on the open market, for current market prices, and they didn't get to keep the BTC they bought it with! I'm perfectly fine with their BC, just as I'm perfectly fine with your BC - because in both cases they're the same as my BC. What is different is that my BAY was never (even from day 1) the same as your BAY. While I appreciate your transparency now, and I certainly hope your development is successful - because we do really need these markets - you seem to consistently play the martyr on this. If you had been even 25% transparent (in the beginning) you wouldn't have to be any more transparent now. It's not the ones that got scammed fault that you're the one being suspected here! It would be a little gratifying to hear you represent a little more humility and acceptance of that fact - YOU vouched for a scam, and now you present the attitude that the only one that is the victim was YOU. WTF? SMH.  Let me distill that for you to two honest scenarios: 1) If the Bitbay team had received only BTC from the ICO and no BAY at all - then you could have bought as much BAY as you felt was reasonable after the markets opened. In fact, that would only have meant price-support and shown confidence in the long-term prospects of the coin. Likely would have meant that many BAY would be destroyed, but that also would help the price and confidence. 2) Disclosed up front that there would be a premine (you wouldn't have to say how it would be split, just that there was one) of ~40%, then gotten those coins for free and held the ICO for only the remaining 600M BAY... and burned the unsold coins at the end. You would likely have sold far fewer BAY during the ICO, but for those that still felt it was an acceptable risk... they would stand to hold a larger percentage after the destruction of the unsold amount (and so would you). Neither of these things happened... correct?OK first of all, I dont believe for a single second rat4 knew about blackhand. Not even Josh believed it. He found out later The same way I did. In fact, maybe that is the perfect analogy. Nobody believed in blackhandgroup, nobody believed IE and barrabas were related, nobody believed there was a plan to sabotage BC. But there was! I had no clue how many enemies I had before this project. This project was set up by some people who clearly wanted me out of crypto. I'm not playing martyr, I can prove it beyond the shadow of a doubt. Their own group leaked it to me. Maybe at some point i will have to leave crypto. At a bare minimum I can honor my current obligations. When i was offered 10% of Bay by Steven, I thought they were buying it with their BTC. Only when the ICO started did I realize that wasnt the case. My reluctance to expose it earlier (and by the way, I was the one to expose the entire scandal)... my reluctance was that they would do something like this. Anything that I discovered in the ICO phase would damage investors. So to be honest, I was trying to protect everyone involved including investors. I broke my silence because Bob was selling his Bay and provoking me with schill accounts. The reason i was in a rush to get pegging started was to protect investors. And hell no I didnt want free Bay. I would rather burn my goddamn bay(although what use is it now? Bounties?). Why do you think i didnt sell any?? I could have tried to stop the ICO in the funding phase but that still would have impacted everyones reputation in the same. (although i do agree with you here, I should have done it the second i noticed it) It upsets me that 4 other people just made a bunch of BTC on my name. It was exactly what I didnt want. At least Steven is willling to fund the joint account and work on the project with me from here. (So he says) and at least I can fulfill my obligation to do exactly what I said I was going to do. But never in a million years did I think the entire project was a premeditated plan by my enemies to interfere with Halo. (in some ways, its better that i realize how important Halo is now then later) The major mistake I made was not interfering with the financial end of it. But considering BTER was holding on to funds, I thought it would be OK. Kind of ironic I didnt use BitHalo to eliminate middle men. Looks like I should have been using my own tool. Better late than never. I use BitHalo for everything now. I just set up a joint BitHalo account with Steven and that number was disclosed in the thread on reddit. |
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Did you know that when BC started someone held about 75% of it? (blackhandgroup)
Don't make shit up and present it as facts. lmao, dude ask Josh from blackcoin foundation, ask Jabulon ask anyone who was there in the early days. I didnt even think it was true until i heard it confirmed a couple months ago. But it simple is true. Blackhandgroup had more than 50% of BC in the early days. |
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Once again I can't believe that I'm writing something defensive as far as barabbas is concerned (somewhat at least).
I think that is undoubtedly him, but why does it matter?!?! (And the post was deleted but he's Spanish, not Mexican - that's in his post history... not hidden really).
He didn't scam anyone (at least in this particular coin... which is all this thread is about). Quite the opposite - which is why (I presume) he was so active in it... because he did not get included. So why the effort to find him? If being enthusiastic about one coin's prospects while FUDing the living shit out of another coin is a crime, then basically almost all of BCT is going to jail - but it's not. If being emotionally supportive of a coin that turned out to be a scam is wrong... then I certainly don't have the right to cast the first stone... and if you're being honest, almost no one who's really vocally supportive of crypto for very long can either.
Do I like him? Hell no! I find him a totally irritating prick... but I support that prick's right to his opinions and conspiracy theories - which in this case turned out to be completely correct thus far.
Since typing this is making me nauseous, that's all I'll write. Then we can go back to being enemies (for the most part).
@DZimbeck I have vocally supported you in numerous threads and for some time, because I believe in the technology and I believe in the future of BC, BTC and crypto in general... but seriously?!? You obviously see it differently, but the fact that you protected you own interests (and those of your partners... all of them) instead of the actual investors in the coin is a serious problem for me. There is still ZERO TRANSPARENCY regarding the total number of coins you (and Steven and Lin) control.
Based on your own statements, you three had >220M coins to begin with... and Steven (and Lin?) has been using BTC to place buy support in the BAY market - so will you please post a full ledger of your coin holdings? I, and many others I'm sure, aren't as concerned with how much BTC you have or where it's located - but if the 'team' is now in control of a third or more of the BAY in existence... that's kinda a big deal - wouldn't you agree?
The only real problem I have with the way things went down was the purchasing of BAY with investor BTC to hold yourself. OK, that's not the only real problem, but the others are not unique to this coin - they're all over altcoins these days. Not only was that fraud during the ICO - but if it continues to this day - then nothing has changed at all! Can you provide full documentation that the BTC used to prop up BAY currently (by Steven) is, in fact, new BTC? Or are you simply churning the same investor BTCs a third time?
This this a complete assumtion. 100% incorrect buddy. I'm one of the only devs in the world to be this transparent. I went above and beyond, just not on this thread. Read this and eat your own words... http://www.reddit.com/r/BitBay/comments/2p90g5/official_statement/Also, dont defend barrabas, read a few posts back, he is a Bob profile. barrabas would also say things that only Bob knew from a private phone convo. As far as distribution is concernded did you know that someone probably currently holds roughly 20% of BC? (blackwavelabs) Did you know that when BC started someone held about 75% of it? (blackhandgroup) Distribution of coins is never going to be even if anything Bay is distributed no differently than any other coin. |
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lol that is not barrabas... n00b account made just to post crap almost proves my point again and you guys still post pictures of other people to defend your lame accounts. I guess it makes sense, when socially conditioning people, you want to protect your 4 star accounts. This is coming from barrabas(Bob et al) who refused to talk to me face to face over tox or skype to prove his existence and who repeating things from private convos with Bob and barrabas who repeated FUD and claimed i took source from bitxbay which is by far the dumbest of all the fud accusations ever(considering BitHalo was released May 29th in private beta). They should limit the amount of accounts per IP http://www.reddit.com/r/blackcoin/comments/25oda8/ie_and_barrabas_one_and_the_same/Sound familiar? Also LoyalToYou247 is a BRAND NEW account jumps on to post that. hahahahha. Just a big giant circle jerk you all have going on there. By the way, the only "scams" barrabas is denouncing is ones he is personally involved with(or other people or coins he is trying to attack) because he works on the same team... duh. |
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Good stuff, good stuff.
David & BitBayDev glad to see that you guys took control. Next stop, moon!
He seems to have coders working for him now. That was one of the problems. I didn't know that progress had been made in that direction. My Cambodian coders havent been so good. Two of them were just let go. There is one more and he is only doing Mac build. I think Cambodia was only good for PHP and web. Now I'm looking at other areas like India. For the sake of saving time, the dev fund can be spent on a more talented coder to assist if (ever) we can find one. They are tricky to find. Still working alone i can get tons of stuff done. Almost everything needed. So its a matter of bulking up and we can certainly do it. |
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Yeah funny how i insisted to steven and ryan that i didnt want it to be a pump and dump. The lesson? Never do a software license in crypto. But you know, never in a million years did i think they were setting it up to harm my reputation. Live and learn. It reminds me of paparazzi or the national enquirer. |
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Small new article to keep the topic of BitBay in the news (in a positive manner) can be found here.  . Working on it  This is the one thing my coders in cambodia can do, and its the task i assigned them on. BitHalo hasnt had Mac build ever and its because there was some cross platform things to do and libraries that didnt work on Mac. So thats getting done now. |
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Poor pathetic Zimbeck the Turd...
To think I offered you the way out all along... but greed, oh greed, what a powerful tool of darkness you are...
Thats a funny thing to say considering your profile is fake. |
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So is this the top or the bottom? With no dev who is buying these coins??
I'm still working on it. Bob and Ryan left with money. Steven seems to have interest although he also seems a bit demoralized. He helped set up a joint account so it will be ok. |
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If he can get the marketplace done before open bizzare is launched it could be huge and attract lots of media attention and investors & users/adopters
will keep that in mind but you know, considering the delay im also trying to reorganized. |
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lol the story is funny but its pure unadulterated bullshit. I asked them everyday to help staff(and was ignored). I never had problems compiling a wallet, I was adding a detailed history tab and fixing a long list of things in Halo that were shown in my changelogs... that nobody read. Anyone who compares the original BitHalo to Bitbay will see what I'm talking about.
Meanwhile Bob and Ryan still have stolen 1000 btc. This is their idea of "marketing". Fake bitcointalk profiles dont count.
And again, I was never a "partner" Bob and Gekko kept slapping my name on everything saying "you are the dev" or "be the partner". I kept getting angry about it too. Eventually I just went along with and ignored it because title didnt really matter to me as long as I could develop in peace.
And the part about finding coders? I hired three coders before the Bay project was proposed to me. But they were too slow and it was hard to find more.
I asked (anyone) to get of their lazy asses and work to get some staff (you know, like they promised). But nobody did. I would get messages like "Okay we will do that"... and nothing. They had to be the laziest group of people I ever worked with. What was their incentive to work? They got paid. Mind you, I had an incentive to work. They couldnt even get me a HR person.
No what really happened is all these guys got paid and just ran away to do other things. Ryan and Bob would come in from time to time with a new tactic to extort money. They even tried to extort 1000 btc from BTER.
All while they were provoking me with fake profiles on bitcointalk.
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