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181  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace on: March 16, 2017, 01:09:32 AM
Many thanks for the excellent replies, much appreciated.  Have bought some bitbay and plan to hold for some time.  Smiley

You're welcome. Feel free to try out the markets with us and join our slack. There is a lot of people who will be happy to do a contract with you. Like we said a lot of the contracts were removed so our core sellers could clear their emails for the speed boost awaiting the 22nd update. You can wait until then if you like.

Yeah a lot of us pulled our items because we are testing the new version. And besides... different versions are not compatible for marketplace transactions.

After the release I'll get the faucet back up. At this price though it looks like I might have to drop it down from 1000 coins to 500  Cheesy
182  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Cold Staking a 'must have feature' moving forward for all PoS? on: March 14, 2017, 10:58:27 AM
So exchanges can stake the coins safely then? No reason for them not to give them to us now when coins are stored there:)

They ought to be able to. However, I don't think they'd want to part with all of it back to the owners  Cheesy
Maybe they could provide different levels of incentives (like commission free trading) if you support them with 'xyz' coin and with 'x' amount of coins you reach tier level '#' and receive '>insert benefit<'.

But as someone pointed out we'd have to worry about the potential for exchange mining pools to essentially centralize the mining.

But I think the solution there is in the product. If a coin can provide stability and a legitimate marketplace for goods and services, then the demand for it to actually be used by people transacting peer to peer, then it would greatly diminish the speculators stronghold on 98% of all the coins in existence. Crypto is still in it's infancy. It will stay that way until we can provide the necessary tools to take out the middlemen once and for all and complete Satoshi's dream. I think once that happens the fear of centralized mining pools controlling a coin supply will no longer be an issue as traders will also be competing against 'actual users' on the exchanges.
183  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace on: March 13, 2017, 01:04:56 PM
Yeah that was a big account that just got knocked off the list on bittrex this morning!
It took 6 million off the sell order book!
And that was right at how much he had in his account!

Will be interesting to watch price over the next few days

184  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace on: March 13, 2017, 02:25:30 AM
Alright!
So I finally got the multi address cold stake running.
Currently I've got 4 different accounts open and staking!
And I have a separate keys loaded on 2 separate computers!
So I'm literally cold-multi-staking    Cheesy 

I can't wait for the exchanges to jump on board. I'd love to see the day that exchanges will act as BitBay mining pools where traders accounts will be earning coins while they wait for their sell orders to get hit!

I'm not for holding lots of coins on exchanges for long periods of time, but no matter the risk, people will have coins on the exchanges.

These are supposed to be safe in cold storage. So why not earn coins while they are STILL in cold storage? Roll Eyes

My problem is I don't use desktop much. Everything is through my phone so I can't stake unless I use VPS.

Well there again, I don't believe in holding coins on an exchange for any long period of time.

But in your case, it would be perfect if/when the exchanges decided to cold stake the IOU wallets.

I wish there were more options for users that are strickly phone based. But sadly, a mobile BitBay Client is not even on the "drawing board" yet.









185  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace on: March 12, 2017, 09:12:58 PM
Alright!
So I finally got the multi address cold stake running.
Currently I've got 4 different accounts open and staking!
And I have a separate keys loaded on 2 separate computers!
So I'm literally cold-multi-staking    Cheesy 

I can't wait for the exchanges to jump on board. I'd love to see the day that exchanges will act as BitBay mining pools where traders accounts will be earning coins while they wait for their sell orders to get hit!

I'm not for holding lots of coins on exchanges for long periods of time, but no matter the risk, people will have coins on the exchanges.

These are supposed to be safe in cold storage. So why not earn coins while they are STILL in cold storage? Roll Eyes
186  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace on: March 12, 2017, 11:11:08 AM
We really need to start promoting real-world use of double deposit escrow, smart contracts and so forth. We could come up with a cool idea, develop it on BitBay and tell it to the world out there.
I mean, they want working stuff out there  Wink We shall give it to them  Wink

Yeah I think we are getting very close to that stage of development. Heck... just look at your signature advertising ^^^

BitBay will be perfect for creating peer to peer trustless gaming contracts similar to your V-Dice Dapp. And there is no need to dilute your investment capital in "tokens" required to use any sort of Dapp (in general). With BitBay you will be able to use BitBay to transact with the python contract game or app. That way you won't have to 'ethertize' your investment capital through exchange slippage and spread losses, just so you can try out a new Dapp by first buying their tokens.

I'm sure if a creator of a python custom programmed peer to peer contract might want to earn some money for his coding, he could add it into the program as a BitBay service fee - or not.
But the point is these custom python contracts won't create reason to spawn countless, various tokens in the process, keeping a strong focal point for demand in BitBay and nothing else.
187  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace on: March 11, 2017, 11:55:55 AM
Just to try to put it in perspective

Roughly 5 million atoms could fit on a sharpened pencil head.

5,000,000 bits = 5 terabytes

that means about 1000 movies on a pencil head
188  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace on: March 11, 2017, 11:51:36 AM
Interesting read!
Would be great for crypto

https://www.sciencedaily.com/releases/2017/03/170309120521.htm

189  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace on: March 10, 2017, 10:40:39 AM
Considering BitBay as it is right now would you think a 5000 satoshi per Bay is a reachable price target at some point? I mean there are many coins out there but this one is truly underpriced.
Latest update is great, cold staking is the right evolution for PoS. Hope this will get known soon.


Of course it is!

To be able to tout that it's the most advanced cryptocurrency "wallet" on the market, means it deserves to be worth more than that!

No one else can refute the claim. Their wallet simply doesn't have all the features BitBay has to offer, and there are more to come!

190  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace on: March 08, 2017, 01:27:25 PM
Damn we lost support from the #2 bag holder on bittrex.
He had 8.1 million and now down to 3 million.

And BTC's pump looks to be over. Roll Eyes

Shame some of these people in crypto don't realize that you can simply download a bot and if desired, sell or buy in small quantities to maximize profit or accumulation potential.

Oh well.
191  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace on: March 08, 2017, 02:26:49 AM
Learning this voting system, and I must say, it really is a kickass design.

The majority consensus truly has the power.

Since votes require to be confirmed through stake reward:

A) it obliterates spam as they will also have to pay a .00005554 fee and painstakingly wait for confirmations via stake rewards

B) it keeps whales from 'pwning' a decision since they have to compete for staked blocks to confirm their transaction! So if 1 whale votes yes for a topic at hand and 100 small fish vote no, you'd essentially have 100 computers attempting to process a stake reward (with vote attached) compared to 1 computer owned by the whale trying to vote the opposite!

This really is going to open up a lot of doors for many other things as well.

Who needs AUGUR anymore, when again, it can all be done inside BitBay!



Exactly, I mean when bay is actually fully complete there are only probably a handful of cryto's that have any purpose left.

I think it is very important to try to keep our thread on page 1 of the ANN section. Lots of noobs and others that have not previously taken a serious look at bay will start to do so if we are always on page 1.

Although this is an aged project compared to most you are still getting in on this on the ground floor. This is hardly above ICO price and yet it now has achieved what was only talked about back then. I don't think many people realise that just because it has been out a few years the opportunity to be in on ground level still exists..

I think a new thread title that captures more attention could be useful. Perhaps even a new thread. We leave the past behind in this old thread full of spam and old negative memories. A fresh start.

BITBAY - FREE BAY INSIDE - - We're just getting STARTED here... come see for YOURSELF NOW!! -- get someone who knows how to insert attention catching graphics into the title without it looking cheap and cheesy.

OP is just too big with to many graphics and info. We want them in the thread trying out the wallet with videos to guide them straight away.

I think we should have links to the videos and only the marketplace wallet now.

I mean it is simply the new wallet with all the features packed inside it is so different from the normal QT's it is simply mindblowing for most people.

A faucet in the market place giving a some BAY to those that complete a basic smart contract. That smart contract can be mentioning BAY in another thread pointing out it's great new wallet and amazing features without spamming. Or even wearing a BAY avatar /sig for 1 week or more.

Once people are in and using the new wallet to complete a simple contract to get their free bay then I expect they MUST be convinced this stupid 1M MC is ludicrous in the face of other total shit coins having magnitudes higher MC.

I think a fresh new thread with immediate simple guide to downloading the new marketplace wallet and completing a smart contract for coins is the secret to getting anyone to see just how different and advanced bitbay is.

We then make those contracts we set up for free coins beneficial to bay by driving more people directly to the thread via posts, avatar and sig campaigns ...the thread does the rest to start a nice cycle going. The only issue is the source of the bay for the contracts. I would suggest all whales here donate all of their pos coins at least if not a nice chunk of bay to get it all rolling.



Interesting suggestions. I'm not to keen on BCT's search engine, but I don't have the energy to go there right now, so I don't know what effect that would have creating a new thread. Let's see what others say on the matter.

But yeah back to the voting...
The beauty of it is that it can either be public or private based on the users desire.
You are allowed to enter a 20 character string of your choice for your custom vote.
It can be as simple as posting 2 votes to gather consensus on pretty much anything.
If you want to know what others' opinion's  are on the gold market, you could create 2 votes like:

GoldBull
and
GoldBear


Those strings turn into an individual burn address that tally up all the deposits from staked votes.

So imagine this setup for a potential decentralized trustless money management think tank. It would consist of a group of verified respectable traders and managers.

You could essentially ask their group (for a fee I'm sure) investment advice like the one above.

They would then vote on the matter. And you could verify their vote because you not only can count the votes in the client, but you can utilize the blockchain to verify the addresses that sent the vote to the burn address! Any sort of unverified address would be disregarded. Or better yet, the advisers track record would create a sort of 'network weight' similar to staking with more coins.

So we could even add a twist to their fee for their services. Rather than just pay them a flat rate fee they distribute amongst themselves, you could send the fee to a custom python contract that retains the coins until after the vote deadline and the correct voters are determined. Then the coins locked would be divvied up proportionally to the voters who provided the correct answer!

The losers don't deserve a reward, and this forces them to try harder next time!

Heck this is just a start!
The possibilities are mind blowing.

I know language strings are limited because, well... there are only so many ways to ask "BuyBTC" or "SellBTC" but that doesn't apply to random strings

So a random string could apply a massive amount of anonymity and give a near infinite number of strings to create a vote for.
For example:
'kJSisigusSwosid' could be applied to the example above (a money management think tank), and that community would be notified publically or privately that that string represents a decrypted vote for "I've got 5000 shares of IBM, should I hold or sell?"

Pretty amazing power at our fingertips!
All without the need for a middleman to take a cut!

Imagine a money manager that works for 'xyz' bank during the day, and by night, a freelance investment adviser without his boss taking a cut for his services!













192  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace on: March 08, 2017, 01:39:20 AM
B) it keeps whales from 'pwning' a decision since they have to compete for staked blocks to confirm their transaction!

Just curious. Who would be considered a whale in the BitBay space?
Does anybody have an idea about the distribution of BitBay?

It's on the chainz blockchain website.
Fairglu is doing some pretty amazing analytics with that site.
He gives you the ability to see the top 500 addresses. And if you look on the right side you can see the pie chart and percentages of distro.
https://chainz.cryptoid.info/bay/#!rich

He's even got a tab for largest wallets - notice there is a sub tab on that page that can adjust to track "By Address Count" rather than "By Net Worth"
https://chainz.cryptoid.info/bay/#!wallets







193  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace on: March 07, 2017, 12:17:04 PM
Learning this voting system, and I must say, it really is a kickass design.

The majority consensus truly has the power.

Since votes require to be confirmed through stake reward:

A) it obliterates spam as they will also have to pay a .00005554 fee and painstakingly wait for confirmations via stake rewards

B) it keeps whales from 'pwning' a decision since they have to compete for staked blocks to confirm their transaction! So if 1 whale votes yes for a topic at hand and 100 small fish vote no, you'd essentially have 100 computers attempting to process a stake reward (with vote attached) compared to 1 computer owned by the whale trying to vote the opposite!

This really is going to open up a lot of doors for many other things as well.

Who needs AUGUR anymore, when again, it can all be done inside BitBay!

194  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace on: March 07, 2017, 11:10:30 AM
do you know how tether does its peg?
https://coinmarketcap.com/assets/tether/#charts

It's centralized, they only buy back their own coins and for that reason it runs high risk.

Our peg is decentralized and thus only relies on the technology itself

Do you have a timeframe for the peg yet David ?

His goal is to have everything done by the end of the year.

He is down to:
Timelock and exotic spend
Then the last 4 templates
Then pegging
Then python programmable peer to peer contracts.
195  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace on: March 06, 2017, 12:25:08 PM
Hello people! BlackHalo and BitBay one project?what they are different?

Right now Blackhalo and BitBay are identical. The big difference will be the rolling peg. Only BitBay will get that.
Also, the development is done here in bitbay. Blackcoin community is not very active on Blackhalo. This will result in more differences. There is already a community driven project that will be included in BitBay but not Blackhalo.

I thought blackhalo was an older version?

Are you saying blackhalo benefits from bitbays updates exactly as bitbay does?

So blackcoin has right now access to all the features bitbay has??



Yes.
Even Bitcoin (BitHalo) will have these features as well excluding any stake features (obviously).

However...
The User Value Protection(UVP) protocol, a.k.a. the rolling peg,  will be exclusive to BitBay.
196  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace on: March 05, 2017, 12:19:34 PM
david, whats the time line for the peg? just wondering how long i have to accumulate. i think everyone should buy 1 million bay and just set it and forget  about it.

Its on the way, voting is part of the preparation. There is still a lot to do. Next comes locktimes and exotic spending. That is needed so we can do the timelock with frozen coins. Then I need templates done and finally the API after that it will be very historic as Halo will be complete.

Then pegging. First will come a demo client that enforces pegging on the client level. That way we can simulate it a bit test it and get a feel for what is coming and the user experience. Then comes a lite daemon simply for exchanges to check accounts and do basic API accounting. Then we test on the network for real and do the fork. At about that same time we need an exchange. So you guys have time, don't worry. There will be several updates potentially one for each template. It depends on how fast I can get each template done.

Could you explain what exotic spending is?
Heck that is new to me.
197  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: chainz.cryptoID.info - Alternative Blockchain Explorers on: March 05, 2017, 03:17:18 AM
Fairglu

Any update on the website API?

I noticed your twitter account claiming you are dealing with a port scanner issue?

And now it seems like your API very rarely updates anymore?
Are they related and are you close to fixing?
198  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace on: March 03, 2017, 12:04:46 PM
Testing out the new build! Cold staking securely between 2 computers connected on my LAN line!
This is epic!
Easy to setup as well!

https://chainz.cryptoid.info/bay/address.dws?6623.htm

199  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace on: March 03, 2017, 10:35:01 AM
If anyone here just recently took my faucet, I want to apologize. I sent you an email. I'm currently testing the new build so we can't currently do a transaction together until the new version is released to public and both of us are running Client on same version
200  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official BitBay Thread |Smart Contracts Wallet UPDATE|Decentralized Marketplace on: March 01, 2017, 05:55:44 PM
Good news in regards to quantum computer attacks

https://www.cryptocoinsnews.com/101656-2/



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