This is an asset exchange. You can even barter with it. There is absolutely no limit to the type of contracts you do here. There is also a microtrader in BlackHalo

hmm an interesting thing about Bitmessage. So on my i7 to send a 100K photo it takes 3 minutes! I'm not sure how I feel about this. Perhaps when we redesign it, we lower the proof of work. In the meantime should I warn how long it will take to send?
Even worse, on my employees old laptop a normal message without a photo took a couple minutes for him to send. Its good for stopping spam but with whitelists and burn we wont need this.

Also, if you guys want to give an opinion on this. I'm trying to finish some nice user friendly features. I'm not going get them all done for the demo. But trying to get as many as I can. Things left to do...

First time setup user friendly wizard
Pay to email
Automatic signing of joint expenses(I can skip some of these for the next update)
detailed contract panel UI
checking for stalled bitmessages and sending again(I have been wanting to do this one for a while)
paying multiple addresses different amounts in one TX in advanced send tab
export history to csv
Make the BitBay UI prettier. It would be nice to make it as sexy as the Halo wallet.

This should not take me too long these are minor aesthetic details. But it may take a few more days. I could release now but why rush great things.

Lol yeah this ^ ... good analogy.

No thats completely untrue. For that to be the case it would have to be a profitable fraud and i dont seeing that to be the case. If you want to prove it, lets go into a DDE and you try that. Im down to do a bitcoin contract with you. I will even put 2:1

Oh and Halo has a reputation system with whitelisting too.

Yeah of course. www.BitHalo.org has it. It was the first smart contracting client in the world released almost a year ago with actual working software.

I agree not all of these companies have anything that is a smart contract, just mostly proposals. Halo and Etherium are the only ones that are exactly smart contracts. (Ripples was a proposal and untested and I have yet to read up on NXT)
Scriptable blockchain is not needed to have on blockchain. Smart contracts are officially defined as "self executing". Thus Halo is superior to Etherium because it doesn't bloat the blockchain. Instead contracts are enforced with deposits and python scripts can be used to perform any type of distributed agreement or app.

In other words P2P > "Everything On the Blockchain"  since Etherium will be crippled with bloat.

Simple additions can be added to BlackHalo like checklocktimeverify. Also Halo is not a coin its cross platform. The ONLY cross platform proposal. Etherium turing complete is a buzz word. Qora has AT and its turing complete. A few minor additions to Bitcoin scripting can solve most other enhancement issues like "checklocktimeverify" and loops. Again, loops arent needed if you can do P2P without blockchain/bandwidth bloat. Even Etherium contradicted themselves when they said they would use magnet links to avoid bandwidth.

Also, Bitshares is interesting but I fail to see how they are enforcable. They have different asset tags. But there is no method of enforcing those values.

The coin will be pegged. There is a goal for the growth. The goal is a dollar. We will probably start at whatever price it is before the fork and forcefully grow it a certain %. Or the other option is to immediately peg to the target price. We will make the decision later with enough community feedback.

LETS CLARIFY SOMETHING. THERE ARE NO FEES TO POST TO BITBAY MARKETPLACE.

Its FREE!

By the way fellas, lets vote for BitHalo here... BitBay is after all powered by Halo 

https://bitcointalk.org/index.php?topic=873251.new#new

Do any of these other candidates have working software? You can have a contract but you need user interface. Also i think Reggae Middletons Ultracoin software has some sort of derivative it deserves a mention here.

But really, derivatives and asset exchange is NOT the same as a self enforcing contract.

To my knowledge BitHalo is the only software that actually is a smart contract. The other ones don't have any way to enforce them. And derivatives dont count. Can you enforce a binding agreement with any other software?

Its very important. When we released Halo in July the biggest criticism was that it was a prototype and it would not be mom friendly.

Thats all going to change. There is a long list of features to make this so easy anyone can do it. They will not need to know what bitcoin is when i finish. Also, they will not need to "think" about deposits and what is good for each deal, all of that is done automatically and the user is only informed.
A while back I realized explaining to people some very simple concepts about escrow proved to be amazingly difficult.

So the idea is to get everything explained in a series of videos in my video library and BitBay will handle everything under the hood.

Hey everyone! So I'm going to release a quick video showing the wallet.

There is a few things im wanting to add before release like a "First time user" wizard, and one panel for history needs to be done.

The markets are being worked on simultaneously.

So I'm targeting a week for a demo wallet. So we are right on schedule. At least the video will show people the update and help them relax.

Actually having such an unfair distribution is good for short term price increases. If they have strong hands, and they dont sell its ok. It keeps coins off the market.

However, it can deter investors. And of course what kind of long term prospects can an investor have?

Because they dont have decentralized servers. I highly doubt the IP address is well hidden. It uses DHT to distribute traffic about a store but that makes it highly localized and easy to get information about users so its not really decentralized.  If anything its a nice way to give markets an outlet. Like using a torrent to route some traffic. But in theory its nothing like the Halo Bitmessage proposal.

Using Bitmessage, its a highly advance system of using nodes to route encrypted traffic. Much more anonymous and is 100% decentralized.

Also, speed can always be changed once more secure Blockchain tech is made.

The first question was answered multiple times already times already in this thread. I just asked for someone to make an FAQ.

The second question is like this, Open bazaar is not decentralized markets. They are pseudo centralized.

Most importantly, OB relies on arbiters. Arbiters don't work. This is why E-Bay and alibaba constantly deal with fraud with shipping. Arbiters cannot help the situation. How do they know who is lying? The same is of course true for juries and law.

Double deposit escrow is superior to any arbitration system because its immune to collusion, bad judgement, and middle men.

Also, OB doesnt have smart contracts and they dont have all the other Halo features, the economy, etc.

BitBay, Halo etc are smart contracting systems with an entire economy within. There are tons of plans in store. Please look through the thread for my schedule and I'm going to ask the community to put together an FAQ


Lastly, I was asked about difference from BlackHalo and basically BlackCoin is centered around NightTrader, Multipool, upwards price pressure cold staking and smart contracts
Bitbay is most about hedging, markets (although BlackHalo also has), hardware, and exotic contracts.

Lots more is in store for both projects so just hang tight.

This is a wonderful project! Anyone can get this prize simply by running Blackcoin. Thanks Gritt, donation sent.

Actually the "proof of dev" gave me a 5 star rating. I had to send a picture my passport and birth cert. If anything thats disconcerning enough for me lol.

And if I recall correctly, the Moolah decisions was by far one of the most irresponsible decisions ever made by an exchange(Mintpal).

The Mintpal guys were probably in on it and if they werent they should be totally taking responsibility for giving control of the keys over the some random guy in a suit named "Alex". Just like in catch me if you can, just because a dude wears a suit doesnt make him trustworthy. There was nothing about the description of that situation that sounded transparent to begin with. Its not hard to identify a snake, just look into his eyes.

I'm not sure I trust Mintpal. And why would they need money for "lawyers"? You realize they were making thousands of dollars a day on trading fees right? And now they needed a measly amount of bitcoins to hire a lawyer?

I totally lost 2 BTC on Mintpal

DIC? Really? Your realize I did not write the OP right? There is a team of guys who I'm working with and they handle sites, the main wallet, marketing etc.

Its fascinating to come by this thread once a day and be totally entertained by some of the posts here. lol... the ideas people get about software development are astounding.

Its just software and I'm doing my best to make it user friendly to swing on by and see some really funny comments lol.

It would be nice to challenge E-Bay, I certainly didnt think anything like that. In my eyes it offers an alternative that E-Bay could never supply. The alternative being unbreakable contracts and trusted wires and shipping.

This is an entire economy inside a coin, its not just one thing.

Its not a pump if software actually gets created. BlackHalo has software and so does BitHalo. So I always do what I say I'm gonna do. I'm not sure how else to respond to this. So people can pump whatever they want it doesn't actually have any bearing on my dev schedule.

So as for markets if you followed Blackcoin for a year you would know that the system uses Bitmessage and leverages white lists, known nodes, proof of burn and some rewriting under the hood. I was the first person ever to propose Bitmessage for this and that was very early last year in March. Also, since my contract system was the first to exist, I also saw the security holes in Bitmessage and was forced to switch to encrypted email.

Only since 4.4 release did I allow people to experiment with it since Aetheros fixed a major issue.

Anyways, there is also going to be a server my guys are coding it now. This front end server allows people who dont care about it being totally decentralized and also gives us a way to be a door man for the whitelists so bots don't get into the whitelists. Anyone should be free to sacrifice not being in the list by creating a private market of their own. Of course, they will not have the same high quality performance as they would in our whitelisted markets. If you still feel insecure go ahead and look at my flow chart on Trello. Let me know if you join and I will post it in the community board. There is also a video where i explain in depth how it works similar to the hedging video you saw here.

Investors should not expect quick returns. If you really have been coding for as long as you claim, then you know that development takes time. I'm aware of the time frame for these markets and what many people don't realize is they were already partially coded before I even got to Asia. Bitmessage was natively supported in the client since May 29th on the release of BitHalo.

This project is not a 2 month project. Halo is my full time job. So I'm not going anywhere. Investors are welcome to come and go as they please. If the price gets pegged then discussions like these will be obsolete.