Thanks for clearing up a few things David and now back to work.  lol yeah... back to work. |
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Spamming? What are you talking about?
You keep forgetting that Bay team has $1.2 million and that's more than enough to hire people with skills who can help Bay in achieving what it's meant to achieve. By "spamming" I mean the sending of unsolicited marketing messages using a "contact list" as opposed to having established specific working agreements with said party. $1.2 million may sound like a lot of money to you and yes - it can pay a few salaries for a year - but it's a drop in the ocean in broader terms and will quickly disappear if the business plan doesn't deliver the next $1.2 million fairly readily. The reason I made that post is that if you're going to name drop a $6.5 Billion capitalised entity as being an "associate" of the project I think it's only fair to qualify whether the nature of that association is co-operative or unilateral. i.e. is Bitbay team just going to "lobby" these types of companies in the hope that they become interested in the offering or is there a pre-existing relationship with already open doors, albeit with conditional locks. I realize that we're not buying shares in a company here, so "suck it and see" rules apply. All the same, you're still putting real money into that will be paid to real people it and if it *was* a regular type startup operation you can bet your bottom dollar that no VC would touch it with a bargepole without those kind of little teases being ripped out of the promotional detail, turned inside out and upside down so as to discover their exact nature and whether the use of that name is justified in attracting investment. http://www.youtube.com/watch?v=tauI0GdKcTcPlease read this: Actually, the idea that money buys good devs is totally INCORRECT. There was in fact an article on Coindesk explaining this... http://www.coindesk.com/bridging-talent-gap-bitcoin-industry/That article describes how insanely hard it is to find good devs! So really you can have as much money as you want. Also, the whole "1 million dollar" thing isnt as simple as you make it to be. There was many people involved in the funding process, there is money that gets set aside to develop and money saved for the buy wall for hedging, money set aside for long term a million can be burned through very fast if you don't budget correctly. Its not that much money nowadays however its great seed money and will bring attention to Halo, Bay and Black/Nighttrader. You dont just get money and "play for broke". And lets say we did have a "superdev". He would still need to be trained in Bitcoin. Currently, the people who know how to dev correctly in Bitcoin are in very short supply. It seems like there is Vitalik, Peter Todd, some of the Bitcoin core devs, myself, Autonopolous, maybe a few hundred very expensive cryptographers, rat4, and the maybe guys like the new Peercoin team and Shadowcoin. Most of these devs have jobs and most of them are in their own coin or project or are hiding in the shadows and are clearly unreachable. AND then you have to consider if they are slow or fast or they are padding their hours. Then, if you have a dev team you still need a good project manager. And the new devs need to be trained and that can take months. So really, I'm still going to be doing most of the coding since I know what I'm doing. The hope is that I will be able to teach them. As you know from my whiteboard video (I have more of those I didnt share) and from our project manager I'm definitely doing just that. But if anyone thinks that money buys quality I would love to point you to Hollywood, McDonalds, Starbucks and all the other big companies that cut corners to stay alive. It takes a very special mixture of awesome to be the next "Diablo 3" or "Half-Life" or "Adobe Photoshop" My goal is definitely to train that team. In the meantime I'm doing most of the heavy lifting and some of the smaller tasks I'm giving to Cambodians and soon there will be a team in China and India. But you also get what you pay for. Without a fantastic project manager they could still be very slow no matter how many you hire! As I'm working as a project manager and coding we will still need a few more project managers to move things along. All the people reading this thread are mostly traders. I know you want to find "the next thing to pump" but in reality BitBay and Blackcoin are fantastic long team investments. And although it is true that you may see a big pump within a few months, that should not be your motive for investing here. The investors that stay and build here are going to be made very happy. We have very awesome plans for rewarding you for your loyalty. Thats my goal. To turn coins into companies. Soon coins will be paying holders the way stock companies pay dividends. EDIT: I also just noticed that there was a comment that said you weren't buying shares? Well maybe that can change. There is many ideas for how to have dividends from other coins or even dollars flow into projects like Bay and reward bulls. We take this one step at a time like building a city. |
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Because I would rather peg to a dollar and grow VALUE by 5% a month than to charge interest and increase supply thus decreasing price/value.
Could you explain what you mean by grow value by 5% a month? Im pegging the price so dumping will be impossible. Then we can grow the coin like a corporation. It works by controlling supply and demand and circulation. We put a wall below supply line and then push the wall up 5% a month. We can have a sell wall or not depending on if the exchange allows it. For that we would need custodial wallet or a massive multisig with the exchange... all in one account. Voting can be added to decentralize the decision of what the speed of circulation should be, how much the liquid coins are and what rate coins get frozen. I did an unlisted video on it for my coders. See if someone in Bitcointalk can link to the page where it got shared for full explanation. |
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I'm gonna ask again since no one answered me a few pages back. Do we have an ETA on smart contacts?
They're working on it. 4 days since the ICO ended..relax.  . If we keep bugging them they won't be able to develop anything. Have you seen how many people are constantly asking stupid questions and keep distracting from the REAL work? Let them do the work and once it's done we all will find out..won't we? We can either build 3 demo wallets(windows mac linux) without any of my new Halo features such as hiding keys in a jpeg and the advanced history tab, actual vs present balance. Or you can have a UI that is half done. Its up to you guys. It would be a day of building just to build again. But I'm more than happy to release early. The real news is for markets anyways. Demo smart contracts is just the surface. |
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may i ask..
why the interest only 1%...?
Dev
Thats what they chose its pretty standard. I might have them change it on fork. sometimes i wonder why only 1% why not 5-10% ?its very ideal..i think so the people will be interested to hold their coin how do you think? Because I would rather peg to a dollar and grow VALUE by 5% a month than to charge interest and increase supply thus decreasing price/value. |
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may i ask..
why the interest only 1%...?
Dev
Thats what they chose its pretty standard. I might have them change it on fork. |
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Smart Contracts are in NXT, Ethereum and Bitshares also and the decentrilized market place is also there. Why then BitBay ?
Because nobody has actually won the race to real world implementation yet. (Actual use of any importance) Bitbay isn't the only one I own, but I think it is a solid option and cheap. BlackHalo and BitHalo won the smart contract race in May. There was fully functional software with user interface and fully customizable contracts. Since then, the Halo tech has become even more expansive. Smart contracts are not in any of those projects you mentioned. First off, Etherium doesnt exist and has scaling issues(bloat). Etherium also said there is a chance they will never exist. It was in the disclaimer that nobody read. Counterparty only released an article and their implementation is too bulky on the blockchain. Bitcoin core actually banned certain Counterparty and Mastercoin addresses. NXT doesnt have smart contracts only a concept. Bitshares doesnt have smart contracts, please show me a user interface and describe what it can be used for. None of them have markets either. There is only right now, some sparse derivative markets with very basic UI in counterparty and ultracoin This is totally different. Its an entire economy. Also, its faster than Bitmessage, decentralized, does not suffer from bloat and has no single point of failure. It grants wishes. Halo is the only functional smart contracting client and has been for over a year. It was the first in the world. Also, they are the only ones with a full interface and encrypted email and bitmessage. Since Bitbay is joining with Halo, BitBay will be getting all of these resources. Any idea on a timeline for Bitbay releasing the smart contracts? Is this something that's down the road or soon? Thanks There is question for how much we are changing the UI for a demo. Its more efficient for me to finish my markets and see what the UI dev brings back to me. But yeah, shortly. |
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Smart Contracts are in NXT, Ethereum and Bitshares also and the decentrilized market place is also there. Why then BitBay ?
Because nobody has actually won the race to real world implementation yet. (Actual use of any importance) Bitbay isn't the only one I own, but I think it is a solid option and cheap. BlackHalo and BitHalo won the smart contract race in May. There was fully functional software with user interface and fully customizable contracts. Since then, the Halo tech has become even more expansive. Smart contracts are not in any of those projects you mentioned. First off, Etherium doesnt exist and has scaling issues(bloat). Etherium also said there is a chance they will never exist. It was in the disclaimer that nobody read. Counterparty only released an article and their implementation is too bulky on the blockchain. Bitcoin core actually banned certain Counterparty and Mastercoin addresses. NXT doesnt have smart contracts only a concept. Bitshares doesnt have smart contracts, please show me a user interface and describe what it can be used for. None of them have markets either. There is only right now, some sparse derivative markets with very basic UI in counterparty and ultracoin This is totally different. Its an entire economy. Also, its faster than Bitmessage, decentralized, does not suffer from bloat and has no single point of failure. It grants wishes. Halo is the only functional smart contracting client and has been for over a year. It was the first in the world. Also, they are the only ones with a full interface and encrypted email and bitmessage. Since Bitbay is joining with Halo, BitBay will be getting all of these resources. If a market place like this ever became as big as eBay then it would need its own blockchain for sure. It wouldn't surprise me if eBay had more buys than there are Bitcoin trades, I bet their server costs are ridiculous. Not true, the way I'm designing markets does not require a blockchain. Its inspired by whitelists, burning coins, broadcasts and channels. Please look at Bitmessage to start to get an idea. I'm completely remanufacturing it. |
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What happened to the BitBay board on Trello? Or is it just down for me?
No it isnt down, what your name on there. Let me double check. Can you PM me? |
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Smart Contracts are in NXT, Ethereum and Bitshares also and the decentrilized market place is also there. Why then BitBay ?
Because nobody has actually won the race to real world implementation yet. (Actual use of any importance) Bitbay isn't the only one I own, but I think it is a solid option and cheap. BlackHalo and BitHalo won the smart contract race in May. There was fully functional software with user interface and fully customizable contracts. Since then, the Halo tech has become even more expansive. Smart contracts are not in any of those projects you mentioned. First off, Etherium doesnt exist and has scaling issues(bloat). Etherium also said there is a chance they will never exist. It was in the disclaimer that nobody read. Counterparty only released an article and their implementation is too bulky on the blockchain. Bitcoin core actually banned certain Counterparty and Mastercoin addresses. NXT doesnt have smart contracts only a concept. Bitshares doesnt have smart contracts, please show me a user interface and describe what it can be used for. None of them have markets either. There is only right now, some sparse derivative markets with very basic UI in counterparty and ultracoin This is totally different. Its an entire economy. Also, its faster than Bitmessage, decentralized, does not suffer from bloat and has no single point of failure. It grants wishes. Halo is the only functional smart contracting client and has been for over a year. It was the first in the world. Also, they are the only ones with a full interface and encrypted email and bitmessage. Since Bitbay is joining with Halo, BitBay will be getting all of these resources. |
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Sorry, but I havn't seen something innovative like this since Blackcoin Not saying that there isn't innovation here - there is, but out of interest, what did you find "innovative" about Blackcoin ? That it was POS ? That they did some marketing ? He probably means that and NightTrader or whatever its called, and smart contracts. Regardless the main issue is they (both blackcoin and bitbay) are all just releasing closed source at first to support the nsa backing & and establishing nodes. So go ahead and keep installing this trojan'd crap. Trojan? Its not closed source. Want to see the source? I only change variable names to avoid cloning. |
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lmfao!! 1 billion coin supply!! this coin is way over priced at the moment, its a safe buy at 10-20 sat not 200-300 sat lol.
NXT has same supply and its worth 4500 SAT. So your argument is invalid. thank you for playing. we will see what way this goes, nothing against this coin at all but its very easy for it to be dumped hard with the supply, nxt has been about a good while dont forget and with crypto these days coins are coming and going real fast, pls remember this., ive nothing against this coin but i wont personally be buying atm but wish use good luck. 3000 BTC worth of coins were sold during ICO. One person doesn't hold half of the market. Group of people hold the market together. If one person from that group decides to dump his coins market will still be MORE than stable as you can see if you look at the chart after ICO ended. It's still floating above 200 sat. I highly doubt that one person is holding more than 200 BTC worth of coins out of 3000 https://chainz.cryptoid.info/bay/#!rich Ignore first one that is exchange. As you can see coins are divided between many people and it'll be very weird coincidence if 10 top holders decides to dump at the same time causing market to crash. Bitshares has 2 billion coins and it's trading around 3-4k. This coin has lot of things to offer and more importantly it has the money to implement those things in best way possible. In other words 200 sat price is bargain and you'll see what I mean once everything is implemented. Why does any good coin fail after few months? It's not because they aren't great but it's because they don't have capital that is required for proper marketing, development etc. Idea is worthless if you don't have money to back it up. Bitbay is $1.2 million richer than any other coin you'll see in the market. If it hadn't sold that many I would have my doubts but things are going to be great for everyone once they start spending that money in marketing/development etc. The first 5 are exchange I believe. I remember when we sent them the coins. |
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Agreed. Maybe you could argue its "expensive" right now because the technology isnt out yet, but once the team starts rolling out the new features and tech, 200 sat will be a bargain. It may be and it may not be. [1] - a huge amount of development was already priced into the IPO [2] - every man and his dog is bringing out coins with Bitcoin 2.0 and 3.0 features, decentralised exchanges and "smart contracts" right now It will be a bargain if they actually succeed in creating a marketplace that encourages widespread adoption. But making that market exclusive to one currency is'nt exactly exactly a killer proposal IMO. It's hard enough getting commercial adoption for crypto when your open to all currencies never mind only one that's only held by a tiny minority. DISCLOSURE: I put 1 BTC into the Bay IPO. True, but right now, Halo is the only program in the world with contracts. I think that will change soon so thats why I'm working so hard. Even if new companies come out. We will always have our place here. |
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hey guys im aware of the roadmap, maybe i shouldve written my post a little differently, what i meant was, is there a specific goal date in mind for the hedging? And after that happens what will happen with our coins? Will they be taken off the exchangess and traded in BitBay marketplace instead?
Can't answer the second question, but I believe around 5 - 6 months out was the goal on the hedging system. Someone feel free to correct me if that is not correct. Less than 5 I think. What will happen to the coins is only a certain percent become liquid BUT they will have a higher value. We can slowly increase the value and liquidity over time. I have a whiteboard video showing how its done on Youtube that im uploading now. Can we get a bounty for people to join BitBay subreddit and Trello community board? Lets post on reddit and we can decide the bounty. So what is the difference between this and this quote from the roadmap: The last two get worked on simultaneously with Hedging taking precedence: *Hedging transition with the checklocktimeverify --- this is about a month... we can pull from NuBits, but we are dealing with a larger supply so that math has to work out to manage all of everyones funds properly. If they pay my dev team I can have them work on this fork BEFORE I finish my markets which would greatly increase the speed in the fork. No difference just be patient. My fingers get tired from typing working as fast as I can  |
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hey guys im aware of the roadmap, maybe i shouldve written my post a little differently, what i meant was, is there a specific goal date in mind for the hedging? And after that happens what will happen with our coins? Will they be taken off the exchangess and traded in BitBay marketplace instead?
Can't answer the second question, but I believe around 5 - 6 months out was the goal on the hedging system. Someone feel free to correct me if that is not correct. Less than 5 I think. What will happen to the coins is only a certain percent become liquid BUT they will have a higher value. We can slowly increase the value and liquidity over time. I have a whiteboard video showing how its done on Youtube that im uploading now. Can we get a bounty for people to join BitBay subreddit and Trello community board? Lets post on reddit and we can decide the bounty. |
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Hey David
Do you have a road-map out?
Also, I saw you posting and inviting users for a Trello for Blackcoin. Do you have one similarly set up for Bitbay? Or is it possible to work in conjunction with your Blackcoin supporters for a mutual beneficial relationship?
. YES there is a Trello for us. I can make it so you can add anyone from community for projects. Its only for community projects not for dev. Please move any BITCOINTALK people over to REDDIT. Its much easier for me to add on Trello that way. |
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Guys, I know for a fact, its BTERs wallet. Nobody from dev team sells anything. Trust me, we dont want to just make a quick buck. This project is a business and we dont want to impact our own shareholders we want to grow your shares!
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I've seen this kind of conversation played out a million times on bitcoin talk. A whole bunch of people claiming their coin is different because it has feature X and people want/need feature X. Usually, feature X is either hyped, doesn't work the way its supposed to, or doesn't even exist, and the "people" usually does not go further than the small band of loyalists who just want to see their coin go up in value.
if u dont believe in the development or u dont think this coin is different, then leave it...stop fudding here or join the community it is very simple First law of crypto: All criticism = FUD Name me one other project that has 4-5 industry firsts under its belt and has failed to succeed! Name me one other project who has a mature and modest community as this one with that many industry firsts that are useful! Name me one other project to produce that many ground breaking firsts in under 5 months that have failed! I believe your observations are warranted on projects with one feature, 300 pages of price speculation and hype.. Its not even remotely warranted here. Like others have said to you "sorry for you if you cant see the blatant difference!" You have been heard, i encourage you to get behind this project or move along. As i said earlier some of us have been supporting it for awhile now and i don't think its unreasonable that we celebrate a little and get excited about its future now that its much closer to completing its core. I'm sure you agree. Blackcoin had like 10 firsts and its not half as high as it should be. People always tell me "I love Blackcoin, but I don't have any"... maybe success is relative. |
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Since Bay is going to be so merchant based, i think the devs should consider making a debit card that can be used at all EFTPOS terminals. You load the card up with BitBay, go shopping, buy a product and:
"How would you like to pay for your japanese sex doll, cash or credit?"
"BitBay" *flashes BitBay debit card with a cheesy smirk*
The Bay would then get sent to the BitBay marketplace where it is automatically exchanged for fiat back to the retailer, reducing any risk of volatility because it will be instant.
Well its peer to peer. So all we need is a good vendor who wants to refill those cards and issue them. This can be easy once things really get going. |
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