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Doc I think Cryptohunter doesn't have my number but it's a good idea for the community to collaborate IMHO.
As for Latoken they said they were only pushed back a week, I will ask for an update.
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Most of the team is not active. Only myself, Yshurik, Craig, Alec as the most active members. Others do participate when they can so just know I do notice and appreciate the contributions of each community member. This does not mean work isn't getting done as right now I'm updating Halo and writing some pseudocode for multisig exchange consulting.
As for the donation, the new QT comes with it built in but it is not hard coded as a blockchain rule. Like I was saying it's like a snake eating it's own tail. We are not short on BAY for paying people, we are short on liquidity for them to cash it out. So better off to spend on airdrops, promotion and market growth. We are patient, we can still survive this bear market. What people will see when the smoke clears is who is still standing. As we are liked by the hard core decentralized devs, cryptoanarchists, freedom lovers, Komodo and Blocknet we can still keep a huge following in the groups that saw Bitcoin for what it was really worth. Promotion will be key now that we have the product, let's see if the exchange will give us a test environment this month.
Okay cool, well so long as we have bay there for promotions I guess it does not matter where it comes from. I was just thinking it would have been best if everyone was contributing to bay to the pot that we use for airdrops and competitions. We really need to educate people so that they are not wishing to immediately dump bitbay for fiat or btc at these misery levels Are LA token really solid enough for us to switch on the pegging? I mean unless the other exchange we have now ( the only one CMC is listing) will implement the pegging also will we not have to lose that listing? Maybe better to just get listed on LA token without the peg first? see how they go or we could end up with no exchanges right? Why is blocknet not listed on cmc, not the project but their exchange listings volume for other alts? They must have the required volume by now. Still I think most people will agree unless we are controlling our own exchange (even super basic like btc/ltc /bay only) and have control over our own CMC listing and something to keep the peg rolling if others boot us then we are always vulnerable. Just some kind super basis on/off ramp to btc or ltc that can reach the CMC listing threshold in volume even with our annoying churners that love bitbay would be cool. Shame binance were not interested in REAL projects. Would love to see a competition running on this board for the best items listed for sale on bitbay web market place getting prizes in bitbay (once we have some sensible volume). Or even just some nice banner for sigs and avatars competition paid in bitbay... or well ...there are a ton of things we could get people involved with. Cryptobridge does not seem too bad? what have they said about implementing the peg? would be nice to have a few listing with the peg until we get our own stable and fully 3rd party proof exchange. Well once we get on Latoken or another exchange to get some volume it can hopefully fund more exchanges. Cryptobridge will not be worth adding the peg because they have their own token that is issued on Bitshares so the logistics of enforcing our liquidity system would not work with them. However Blocknet and Komodo we can make code for them. Current priority is get listed and get the party started and work on advising exchanges. |
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I think the reason some people didn't get a connection was some seed nodes went offline.
Is there any workaround for this? I copied the node list here https://chainz.cryptoid.info/bay/#!network selecting the one related to my wallet version , that is qt 2.1.1., but it didn't work.  Also, just to clear the field from possible mistakes, may someone please post here, or pm me, the correct syntax of those few lines of text to be typed into .conf file right above the node list? Our seed nodes were down, so maybe that's why. You should restart the client. You can also PM me the config file and debug.log as well. Worst case scenario you should just delete the peers.dat(after making a copy) and let it build that again. |
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I think the reason some people didn't get a connection was some seed nodes went offline.
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It's fifteen hours now my wallet is offline and shows zero connection to Bitbay network : didn't change anything lately and it was three weeks it was running correctly ( apart from the fact I only managed to have a max of 3 active connections to the network); anyone have a clue on what could be the reason ? Is it a general issue or is it only me experiencing this issue? Any pratical suggestion on what could I try to make it work again?
Thanks in advance for your help.
Please send debug.log Also make sure there was no change to antivirus, firewall or other things. Also you can add nodes from https://chainz.cryptoid.info/bay/#!network |
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Most of the team is not active. Only myself, Yshurik, Craig, Alec as the most active members. Others do participate when they can so just know I do notice and appreciate the contributions of each community member. This does not mean work isn't getting done as right now I'm updating Halo and writing some pseudocode for multisig exchange consulting.
As for the donation, the new QT comes with it built in but it is not hard coded as a blockchain rule. Like I was saying it's like a snake eating it's own tail. We are not short on BAY for paying people, we are short on liquidity for them to cash it out. So better off to spend on airdrops, promotion and market growth. We are patient, we can still survive this bear market. What people will see when the smoke clears is who is still standing. As we are liked by the hard core decentralized devs, cryptoanarchists, freedom lovers, Komodo and Blocknet we can still keep a huge following in the groups that saw Bitcoin for what it was really worth. Promotion will be key now that we have the product, let's see if the exchange will give us a test environment this month.
Are you referring to the Latoken exchange here? If so, what is the likelihood of a test environment being provided this month? Or, if not this month, then this side of Christmas? LAtoken said we would have a test environment in a few days. Will know soon. |
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Most of the team is not active. Only myself, Yshurik, Craig, Alec as the most active members. Others do participate when they can so just know I do notice and appreciate the contributions of each community member. This does not mean work isn't getting done as right now I'm updating Halo and writing some pseudocode for multisig exchange consulting.
As for the donation, the new QT comes with it built in but it is not hard coded as a blockchain rule. Like I was saying it's like a snake eating it's own tail. We are not short on BAY for paying people, we are short on liquidity for them to cash it out. So better off to spend on airdrops, promotion and market growth. We are patient, we can still survive this bear market. What people will see when the smoke clears is who is still standing. As we are liked by the hard core decentralized devs, cryptoanarchists, freedom lovers, Komodo and Blocknet we can still keep a huge following in the groups that saw Bitcoin for what it was really worth. Promotion will be key now that we have the product, let's see if the exchange will give us a test environment this month.
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Cryptohunter, yes the amount of garbage on CMC that is still getting volume is a daily reminder of how we live in some Orwellian/Idiocracy nightmare. To be honest, it's left me somewhat bitter over the past couple years and thinking about how I should have played my hand instead. If I knew consumers were this crazy, I would have been more realistic. On one hand, I want to be a source of positivity for the community and on the other hand I want to be pragmatic.
So with that said, what was accomplished was nothing short of miraculous. The peg running on dynamicpeg.com perfectly tracking whatever price the community sets in a decentralized way. Just like we said it would. And then Bittrex stabs us in the back. Heck, I even got kicked off their slack. Haha. Then again I expected to get kicked off because I called them out for delisting multiple countries that are or have been at war with US military and told them they were a bunch of cowards and traitors to the decentralized movement. And that they turn their backs on the devs that have enriched them and the cutting edge tech that makes their exchange possible in the first place. Haha they were even such cowards they didn't even bother to respond. I still believe the military has a secret hand in many of the exchanges. It's possible our peg is feared among the big players because they know what it can do.
The death of the altcoin industry hurts Bitcoin more than anyone can imagine. The sign of a healthy market is one where anyone can trade and lot's of enthusiasm and cash flow are in the market. It doesn't necessarily mean that "stupid money is healthy" it means that a booming economy will have investors who search opportunity. Once they tighten up on altcoins they do the same thing on BTC. So BTC purists take note!! To go short on altcoins is the same as saying "sell all your stocks and buy Coca Cola stock because it's the only real stock". It's stupid. Altcoins should replace the stock market!! Also ETH tokens are too easy to issue which paved the way for scams. Even though I said this would happen on these forums in 2017 (the vaporware will cause the bubble), for some reason I didn't really set much cash aside. Cassandras complex. I was too focused on the peg and personal issues. Days turned into months and months into years. I knew it would be bad and even told my friend I would rather pay taxes on 15% to 20% than to lose more than 50% on volatility. Then for whatever stupid reason, I didn't really cash so much of my alts or major holdings. I expected 10x decreases and thought I would have been safe at those levels(BAY was not included in my calculation). So why didn't I act on foreknowledge to better my own life and have more power to put into my businesses?!? However, seeing so many coins that were decent down 100x or more is definitely a paradigm that wasn't expected considering BTC holds at 8k with a 65% + market share. BTC has a very unhealthy share of the market. Even though from a branding perspective this is makes sense in a way, from an adoption and volume and growth perspective it's not good.
Maybe we can change things. If only the world would notice.
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@Cryptohunter
You have presented lots of really good ideas for the promotion of BAY; seriously, well done!
I particularly like your idea of a funding mechanism. Your suggestion of 5 coins per block sounds about right to me. A really big project like BAY will need a vast amount of money over the longer term to finance all of the things that need to be done to make BAY the number one coin on CMC, which I am sure it will be one day.
I really hope Mr Zimbeck can see the wisdom of this, and will implement it ASAP. And I say this as someone who IS a big holder of BAY, so such a move will cost me a lot of coins. But this really needs to happen, or the project could eventually run into the sand, and we simply can't let that happen.
I also agree with you about the need for our own in-house exchange. Without that we have no control over the destiny of BAY. We cannot afford to sacrifice control in that way. So, although the funding mechanism would be my first priority, the upgrading of the existing test exchange to full functionality should be massively speeded up.
The new QT has a donation option. But it should never be mandatory as that is a liability and against decentralized principals. The Markets client has it but it's not automatically set where as in QT you can adjust it. Also, it's not necessarily wise to fund BAY with BAY. The most important thing in the market is liquidity. If we don't have liquidity then funding BAY with BAY is like a snake eating it's own tail. We need to always focus on growth and outside sources of funds. To push the project with cash flow. |
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Is possible see a sample of a shop created with BitBay ?
Well the desktop software has fully decentralized markets. There are not shops. Instead there are "channels" which are Bitmessage channels with security on the same level as TOR. And the nice thing is they are serverless. To join a channel just type in it's name as that will generate the keys for it. There is a default channel where Bitbay offers are posted however nobody is using it as they are waiting for the peg. We also have online markets at demo.bitbay.marketAfter all the working product with the marketplace, there isn't much volume for it and its now just listed to one exchange which has a scam accusation. Maybe some exchanges like Crex can help? good luck in 2020, you guys will (still) need it lol
There is still volume though. The development was completed already and I guess it just need some marketing and people using the decentralized marketplace. A good product that can only be found there will make it good. The only safe way forward is to bring it all in house with a perm p2p exchange of our own. The peg is brilliant but it will rely on having a reliable exchange at all times. At any point a centralized exchange can be taken down. It would be nice to have a couple of centralized exchange but the fall back and safety net for the peg would need to be our own p2p exchange. The main issue with alts is the dilution death they are bringing on each other. This is primarily caused by the fact most new investards are totally unable to evaluate the projects on their real merit and value in terms of actually existing and having been developed, and the possible real world advantages and use cases for that project. They are primarily duped by bunch of scamming marketeers and dreamers who are able to win over investors with dreams and techno babble. The real alts and real projects with real developers need to start to bring this to the investors attention so there can be a sensible consolidation and the rest of the garbage is left to die. The main points that need to be addressed still for bitbay a/ solid exchange of our own p2p or our own centralized exchange + plus some other solid listings. In the end the only solid exchanges will be p2p I think. b/peg up and running on these exchanges c/web market place polished up and fully functional with slick user interface d/we need a FUNDING mechanism ( I would suggest the 20 coin reward reduced to 15 and 5 goes to fund new projects with full ledger0 e/api done and Incentives given ( possibly from the dev fund above to build out their own projects upon bitbay there are so many use cases) f/Incentives given to get people using bitbay from dev fund g/bring on some big US reshippers or ebayers who can find nice profits on international shipments now ebay is slapping the very huge taxes and import on the items at the start. h/start building a marketing team for bitbay, they can be paid out of the dev fund. In fact we need to bring on a larger team that can all be paid out of the dev fund. People need to get on board who want to push bitbay and don't object to being paid and holding bitbay for the future. If we only find people that want btc then that demonstrates they don't really have much faith in this project. 5 coins from every pos block or even 3 would create a huge pot of funds that would really bring on a lot of people who are interested in doing micro jobs or even large projects for us. You get people willing to do plenty of jobs even for micro dust in airdrops of total shit coins. This is 80-90% completed fully functional and highly useful project. We need to get together and very driven foundation of members for bitbay, yes they can be rewarded from the dev fund. However, they will need to be believers in this project not outsiders that want immediate fiat or btc rewards because the volume will need to be built up again after some seriously heavy blows from where we were externally vulnerable and huge alt bear market which will not reverse because the dilution just turns people off even more like one huge downward spiral. The steps above do not need be tackled in that order. I would say the dev funding pot should be the easiest to implement and should be done first so we have a pot of bitbay ( that is not adding to inflation over what we have now) to instigate now some action. We need to be certainly getting ourselves back into the top 50 as soon as possible. Every investor blowing their fiat/btc on these other crappy scams are unlikely to ever find their way to bitbay. Bitbay is the best value project out there we just need to get a plan of action and have some driving force from a larger community that are willing to help behind it. Hey good points. It's always nice to know we have so many crypto veterans such as you who really understand this industry. Like you have said investors are easily beguiled because of snake oil salesmen in suits with websites and vaporware. ERC-20 tokens caused a lot of the bubble as it was more work to launch a chain than to issue a token and they just flooded the market with garbage in 2018. We live in an "Idiocracy" as the schools brainwash everyone and then as victims of brainwashing the people defend the cages of slavery. Slaves enslaving slaves. https://www.youtube.com/watch?v=kAqIJZeeXEcThe good news is I'm advising on a few different projects. I took the initiative months ago to encourage people to work on exchanges. I'm teaching a dev on how to create multisig exchange so we should end up having a permanent home. Consider though that even with an exchange that is secure, it needs volume. Multisig exchange is faster than atomic exchange but many times safer than a central exchange. There are some risks though as raw transactions are like blank checks so the exchange can still take whats on the orderbook (but not whats in the joint account). However debts are cleared as often as financially possible to give a user 100% control over their funds again. Like a green address. Granted lighting would be more secure but that requires lots of wealthy holders of each currency to participate and is a technical nightmare. Thus I consider the best exchange method atomic exchange and then just scale each chain to support the increase in transaction volume. Multisig is the next best thing. Any good exchange needs to be marketed. Most likely, referral programs, trading incentives and such are good. BitBay you can drive demand if businesses decide to reward users. This was in my latest whitepaper. One really awesome example is let's say you have a real estate investment trust. This company could issue a stock and then have to face the repercussions of standard bureaucracy. However let's say the business rewards holders of BTC with a portion of the dividends. What's good about that approach is BTC itself is not a security simply because some company chose to put their business on the chain. Still though, to make a business profitable of any kind even to be in the position to pay dividends requires work. So even with an exchange consider the competitive environment. That's why I hope the exchanges that do use this multisig technique market their competitive advantage and hope that consumers are even able to understand why it's a million times more secure than your typical "exit scam exchange" |
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good luck in 2020, you guys will (still) need it lol
Thanks, hopefully with a more realistic plan we can dig out of this. I think with Latoken peg launch we are too dependent on one exchange, time will be the judge. Only if that nets BTC can we take the gamble to pay other listings. Thus, I'm advising on multisig exchange projects to give us a permanent home. Will see how that goes. Still any new exchanges still need volume, especially decentralized ones. And things are not getting less competitive, just saturated. Most alts are down 10-100 fold, I'm pretty sure there is nobody in this industry that doesn't want to hop in a time machine and go back a decade or even a couple years. The other question is can any of the altcoins even survive the altcoin slaughter?! Entering a new decade I don't see the same level of enthusiasm to reverse the trend yet. It's possible the only hope underfunded alts have to survive is to fuse with brick and mortar businesses so they actually produce some sort of real income via dividends or real estate. That needs either businesses to use crypto platforms or capital to push a project forward. |
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Is possible see a sample of a shop created with BitBay ?
Well the desktop software has fully decentralized markets. There are not shops. Instead there are "channels" which are Bitmessage channels with security on the same level as TOR. And the nice thing is they are serverless. To join a channel just type in it's name as that will generate the keys for it. There is a default channel where Bitbay offers are posted however nobody is using it as they are waiting for the peg. We also have online markets at demo.bitbay.market |
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quick question, I've got the wallet and everything seems to be running smoothly...except when I click on marketplace its empty am I doing anything wrong?
The marketplace is empty because no one is posting. However, the community IS testing the web based double deposit on beta.bitbay.market if you would like to check that out and even join in. Many of us are simply waiting for the exchanges to accept the peg.Once that is resolved I think there will be an uptick in volume and price. The only reason there is a delay with this crypto 2.0 (BAY/Manipulation Resistant), is that the exchanges have to run our code and it is a bit of a pain to implement; BUT can you imagine the traffic our truly stable coin marketplace will generate for an exchange? What progress has been made on implementing the peg on BAY's in-house exchange? On the "in-house exchange" the peg is running beautifully and has been tested. It works great and the price goes over $8.00 pretty quickly. Thank you for the reply BitBayDoc, and please accept my apologies for not expressing myself properly. I was already aware that the peg was working as intended on the in-house exchange. What I meant to ask was, as this is a functioning exchange with the peg fully implemented, what progress has been made on making this exchange available for public trading? and teaching them a multisig exchange technique so we might end up having a permanent home. Not to mention a much more secure place to trade than a CEX. Since multisig exchange is 2 of 2 but has the speed of a CEX without forcing all the trades on the chain. The user thus only risks the open trades for the time until the transactions are cleared. The clearing may happen every couple days or whatever is the most efficient with blockchain fees. I have no clue why all exchanges aren't set up this way. It's mind-blowing 2019 and it's like we are always the ones doing the proper security protocols. Hi David. Welcome back, and thank you for the response. Glad to hear that you are still pushing the peg-listing issue. Best of luck with your endeavours. I'd be grateful if you would explain a bit more about multisig//2 of 2, for those of us who are not tech-heads. It's basically a joint account between the users and the exchange so their funds aren't at risk. All trades are blank checks with the change back to their address so they only risk whats being traded. And then after a few days those transactions are broadcasted so they have nothing at risk again. And a user never risks more than what they are trading. |
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quick question, I've got the wallet and everything seems to be running smoothly...except when I click on marketplace its empty am I doing anything wrong?
The marketplace is empty because no one is posting. However, the community IS testing the web based double deposit on beta.bitbay.market if you would like to check that out and even join in. Many of us are simply waiting for the exchanges to accept the peg.Once that is resolved I think there will be an uptick in volume and price. The only reason there is a delay with this crypto 2.0 (BAY/Manipulation Resistant), is that the exchanges have to run our code and it is a bit of a pain to implement; BUT can you imagine the traffic our truly stable coin marketplace will generate for an exchange? What progress has been made on implementing the peg on BAY's in-house exchange? On the "in-house exchange" the peg is running beautifully and has been tested. It works great and the price goes over $8.00 pretty quickly. Thank you for the reply BitBayDoc, and please accept my apologies for not expressing myself properly. I was already aware that the peg was working as intended on the in-house exchange. What I meant to ask was, as this is a functioning exchange with the peg fully implemented, what progress has been made on making this exchange available for public trading? I'm advising people who want to start exchanges and teaching them a multisig exchange technique so we might end up having a permanent home. Not to mention a much more secure place to trade than a CEX. Since multisig exchange is 2 of 2 but has the speed of a CEX without forcing all the trades on the chain. The user thus only risks the open trades for the time until the transactions are cleared. The clearing may happen every couple days or whatever is the most efficient with blockchain fees. I have no clue why all exchanges aren't set up this way. It's mind-blowing 2019 and it's like we are always the ones doing the proper security protocols. |
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Is there any reliable blockchain bootstrap to speed up shyncronization?
Also my qt-wallet only shows 3 connections : should I create a .conf file to have a better connection to bitbay network? If so, may please someone paste its content here?
Thanks in advance for your help.
I think your answer may be found at: https://chainz.cryptoid.info/bay/#!network Be sure to go to the "Network" page as it appears to not be loading all the way in the above URL. (David can confirm this after he gets back to his computer if you have any further questions.) Do you mean David is currently away? how is the rest of the old team doing these days? I don't ever go on slack or discord. Yeah I was out of town for a few days. I'm back though. Latoken thinks they might have an update for test environment this month. So we will keep you all posted. |
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Is there any reliable blockchain bootstrap to speed up shyncronization?
Also my qt-wallet only shows 3 connections : should I create a .conf file to have a better connection to bitbay network? If so, may please someone paste its content here?
Thanks in advance for your help.
I think your answer may be found at: https://chainz.cryptoid.info/bay/#!network Be sure to go to the "Network" page as it appears to not be loading all the way in the above URL. (David can confirm this after he gets back to his computer if you have any further questions.) It took quite a bit but managed to have my qt-wallet fully synched, also transferred my coins from webwallet to qt one : what steps are required to start staking? Edit : I still only get 2 active connections to Bitbay network : any clue? Some addnodes list to copy into the conf file eventually? The list of nodes are at that link. Just click on the most popular "node list" and that list you can add to the config file. |
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Good talking with you David.
Just want to say thanks for taking the time to always respond and thanks for the technical assistance.
And I agree, everything is going to be just fine.
Cheers!
Of course Doc, pressure over time. We will continue and eventually the peg will be listed. |
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so is Aletha single or what?! rawwrrr
haha I think she is married with a couple kids. Maybe best to fish in a bigger pond.  |
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I like to say that QTUM turned out to be not a scam. Why? After suffering a very long price decline along with other coins and tokens, the QTUM dev team is still here updating the wallet and the network protocols. I guess Patrick Dai is exonerated from the Bitbay fiasco.
Except for the fact that Patrick and his friends got almost 100% of the coins, lied about how much Qtum funded and spent a couple years dumping the coins and wash trading. When he started BAY he lied about 50% of the funding and got free coins and assisted Bobsurplus and his group who simply stole from the project and when I exposed it the others left the project and Patrick said he would stay but he left with Bitcoins he didn't work for. Even when I gave him a chance to redeem himself, he pretended to be part of the project while he was dumping his coins while we were working. I stayed for 5 years and coded everything promised including completing the dynamic peg. Even when Bob and the others came by our thread to kick us when we were down(and Bob bragged about stealing from the project). Despite that I worked and BitBay went to .5 billion marketcap from a few hundred grand. Then things crashed however the peg will change that. My friend Ibai worked at Qtum and also confirmed they would fake funding. Then they fired him simply because they found out he was my friend. You see, if Qtum says it raises X million dollars but didn't really raise that much they get free coins. Then when they wash trade they dump it on the market. They get very, very rich off that and they had not done any work to deserve that. Even if they work after the fact it does not change how they stabbed people in the back to get it. So even if they are doing coding, promoting and going to events, that does not change the fact that this project didn't raise what was claimed and wash traded to lure in naive traders. And add to that coinmarketcap posts a -73% ROI since project launch and down almost a hundred times from it's peak. That is simply because they dumped coins they got for free. They didn't pay to get a majority portion of their own ICO and gave you all a false impression of marketcap. This effects you all as investors. So if that's who you want to invest in go ahead but don't say you weren't warned. It doesn't matter what Earlz or the team codes because they are enriching a guy who is dishonest. It's precisely altcoins that get dumped because they didn't work for the money that is the cause of the bear market. I am glad that Dai is committed at least to the project but until he shows remorse and acknowledges this then the project will not be able to move past it. My number one reason for the altcoin crash is that there are projects that are secretly premines and the founders get rewarded for not working and more importantly, investors are lied to because they think more funds were raised that actually were. And checking the blockchain won't help because they have the Bitcoins available to do it and give themselves the free coins at your expense. |
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By the way I got my shirt. I should have taken a picture with it but now its with the laundry. Maybe will remember to use it if I go to events. Looks pretty cool. |
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