It IS possible. I can prove it in a video which I will show this on a whiteboard and we will make many videos professionally describing the economic theory.

We will fork and immediately freeze assets. However the funds available will be a small fraction of the frozen supply. Think of how ripple has 99% off the market. Well we will be similar. Except the "market" will be all of YOU. Mathematically, if there is only 1 million coins on market and a 2 million dollar buy wall at .95 cents. If everyone sells into the wall they give all the money to the people at the wall. Now any volume has to be higher. This forces arbitrage!! Now the people at the buy wall profit instantly because they suck up all the volume at .97 cents!!! Now you may ask, if your funds are frozen what is the USE??

First of all the use is, as the market grows so does volume so we allow faster circulation. People from the frozen side move to the liquidity side. People from the liquid side move to the frozen side. This happens very slowly. We have the option to decrease or increase this speed. Much like a wheel.

Therefore, its almost the way the US Government controls price. They use money sink holes to suck money out and then allow money to circulate.


They have the ability to depress or inject. Here instead of faking it like most govs do, we do it by freezing and unfreezing or like NuBits calls it, parking. However, in this case we ALL FORM THAT BODY. So this is very similar to decentralized governance? Dont believe me? Do the math. Take 10 dollars but remove nine. Place a buy wall at one and a sell wall at two. Make the supply one dollar. If the full supply sells, the buy wall at one profits because any new volume must now buy at the higher price. The arbitrage allows people to pull pure profit. If they see losses, the circulation stops and nobody new gets in to sell. If the volume increases the circulation increases and economy has been stimulated.


ADD THIS TO THE FACT that there is a market!! This market encourages spending! And with spending invigorates volume which allows for faster circulations of funds.


So its like an engine of money. The only thing that it responds to is volume but not price. The higher volume the faster the wheel moves. But this can be calculated by the sell and buy walls. We know when those walls get hit, that we should be decreasing or increasing supply. We also know when the walls get hit that we need to be increasing speed for volume.

Thus, price and volume is invigorated by economy alone, the money is backed and volatility gone.

lmao! well hey man of course its a risk but we have some fire power and we will do our best to get this coin pegged to a dollar after the markets. So lets all just be patient and keep the hands strong. This is going to be one of the most interesting projects this year.

Halo has been for a year but nobody audited me. It is obfuscated open source. So the logic is something that can be seen however the variable names are changed. So people can read through it and prove there is no tricks, no websites, no weird addresses (except for BlackcoinEaterAdios and BitCoinEaterDontSend)

I asked for audits but was ignored because everyone is too involved in their own thing. But yeah if you know peter, send him my way would love to chat with him. We are adding his locktimeverify and then i will show you some POWERFUL smart contracts. You think double deposit is cool, wait till you see what we can do with locks.

Project that Bay could hit a dollar a coin payable over a long period of time assuming we hit our target. Depending on the math, will depend on how i want to cap it and how the liquidity is split with the hedge. The goal is 1 billion dollar market cap right below BTC. I can do this by adding new rules and splitting the network.

As for complex additions, im pretty used to complex code. If you have used Halo software you will know that its sophisticated code I'm working about 12 hours a day so I'm trying to hit all my deadlines. Then again, be patient.

Im going to need people to help me with project management. I can make executive decisions and have some good ideas. Can definitely split it into several categories:

High profile head hunting
Business/Internetions relations
PR and articles
Guerilla marketing and social media
Youtube videos for training
Translating to different languages
Person for searching niche markets and attacking them

Most of the above can outsource employees to India and Manila with the exception of high profile stuff. Then we need a closer.

The only thing is i can only be the shot caller to explain the structure of our programs and make reviews. I can also pay people on Halo contracts so they can't underperform. Be my own customer.

In this case, we need project managers for all the different departments I'm going to sit down and draw up a corporate structure for everyone to see. Thanks, this has motivated me to do just this. I need to calculate the number of people required and their salaries.

Blackcoin won't ever die. Thats not going to happen. I'm going to protect these so called "bagholders" as long as I'm in crypto. Couldn't I have started my own coin? Sure but there is value in being part of a community and honoring them to the bitter end. You can see my post on Blackcoins subreddit about BayCoin and you will see they did not see this coming and i explained why it would be good for them. So reddit proves that there was no "plan" at all. It was a spontaneous offer that was the most sensible decision at the time.

Blackcoin is the security/multipool/contracting coin there is only one foreseeable drawback and that is: I cannot fork it. Only rat4 can do that. But what we do here, reflects back on them. This isnt just slapping a new name into Halo. Here are the differences listed below:

Blackcoin: GOALS AND PROJECTS
*Blackcoin gets their own multisignature exchange NightTrader which has Bitcoin and Blackcoin pairs. Your funds can never get stolen by the exchange
*Blackcoin gets their own fully decentralized exchange with microtrading in Halo.
*Blackcoin will have options and futures and be multicoin

*Long term goal is to make Blackcoin what it intended to be. The crapcoin killer and contracting coin. I'm playing with all kinds of ideas to put into their coin and one really basic one is, they will be tied to the two exchanges mentioned above and the multipool aspect will be transparent. NT will draw volume to Halo and keep Blackcoin very much alive. Then the long term goal is upwards price pressure. I have a couple ideas already but dont want to give out my full plan.
Both coins have Halo and Markets

BitBay: GOALS/DIFFERENCES ETC
*BitBay gets markets and these markets will be fully advertised and partnerships will be formed
*BitBay gets pegged to USD or RMB and the network is divided into liquidity, tradable coins and long term hedges ... I have one more awesome idea but going to keep it to myself
*BitBay plans on using the above to roll out a mesh network with a very attractive incentive. It will be our first foray into hardware and coins

*Long Term goal is to keep brands separate. BitBay must earn their Halo. NightTrader is a trading system for BC, it matches the name well. BitBay is a stable marketplace with a rollout plan for mesh network. It also has the business partnerships to make some of these things a reality.

Indeed it is, as an answer to your first question, I knew one of the guys from about 6 months back and was aware he was an investor. I know its in their best interest to let me do my work and not interfere. And nobody said they hold a lot of Bay.  There has been a lot of orders so there is all kinds of people holding. So there is alot of people who will want price pegging and markets. You guys know about BlackHalo markets so we will see this tech very soon.

Thats compounded by the fact that they made a small deposit to me for my work.

Lastly I agree 2000 is enough... I'm very happy with this ICO. They did a very good job I think. If there is any coins left. BTER was instructed to burn them. So we are almost at the end of the ICO, it might hit 3000 although because people do love to wait until the end to buy up more of the coin.

So I'm cautiously optimistic just like a lot of you. Just like you.

Ok so I just wanted to set something straight here.

BTER will be holding the funds. And they will chop the funds to all the parties involved. They know im being licensed so they know to send me my share (at least).

So when we talked last week we agreed to have the ICO sent from BTER to a multisignature account in Armory. I know a good amount of my BTC will be there.

This would be an operating budget to pay devs. So with these guys personally vested, BTER being involved as well as myself. I highly doubt there is going to be a problem. I'm going to be coding no matter what and the whole hedging experiment is very exciting to me at least. I'm going to make it happen.

If they buy some Bay and want to sell it, they will feel pretty bad when we start pegging to the price of a dollar.

Lets discuss this point because it is actually true. Although I can code everything myself, there is something nice about having people like Bay actually help me move away from coding and into project management. Because otherwise, I'm carrying the world on my shoulders. With a dev team in Asia, I can ask Bay to hire project managers, coders, marketers, form bonds outsider of crypto(money helps, we can hit up conferences, send delegates to large businesses, form partnerships etc etc)

Also, if I can learn to work with a team, I could run many more projects. This is about more than Bay. This is about changing the entire planet. This is the future of finance and it doesnt just end with pegging or hedging or whatever. We discussed a long term partnership in crypto projects and a long term set of goals with Bay. There is so many damn things I could do if funded that are related to expanding the reach of crypto. Imagine how much more I could reach people with a marketing budget, with a team, like an actual business.

If you know anything about marketing, you will know that a million bucks is not even close to enough if you are trying to reach a larger audience. So mostly, there is tons of ways to use funds. The guys involved have a vested interest since they bought some Bay just like you guys.

Halo has about 10 different revenue models that can be practically applied. I have a 40 page business prospectus outlining them all. There is no limit to how useful this tech is.

So yeah, in the end it would be nice to have control of the funds, but just have some faith and keep in mind that the 4 others working with me stand to benefit immensely by just allowing some of these ideas to be unleashed.

Also there is more than having working software. There is constantly improving the UI, user experience. Making something "mom friendly" can take years and tons of money and a team.

Thats just my opinion on all of this.

For me, its about changing the world. If the guys at BitBay want to change the world they will work closely with me and forge a business relationship.

Yeah well the gears in my head have been turning on this. I'm very familiar with NuBits and wanted to do something like this for as long as I can remember. The key to it is this, we fork the network and people can trade however that ability can be limited by splitting the network into two. However its the same port and everything its just there are new mining rules. One way is to take the NuBits method another way(and the way I'm planning to do it) is like this:

Its funny, I got a lot of emails asking about this so here is what my reply was:
"No it wont be possible to dump coins that way. The network will get split and the rules will be different for people who want to sell liquid coins. On an exchange, you will not be able to sell liquid coins. However people will be able to sell their coins on an exchange by waiting in a Queue to hedge their coins. The amount of time they wait in the queue will depend on the supply and demand and the buy and sell walls. So basically it would be impossible to sell below certain prices like .98 cents would always be a losing sell and 1.03 would always be a losing buy. Arbitrage bots can even trade exactly on the margins and give the profits to the people who hold liquid asset(more good news). Additionally, people who hedge would get higher interest rates since they are leaving the network in a slow time. It will be a popular choice to cash but we will reward people holding liquid assets. The most amazing part is, IF you want to sell your liquid coins you CAN! Just sell it in the markets that I'm making. Of course eventually we can even get a major company to buy off that market too since people may want to exit and the company may like the quick return. Once you cash out, someone buys in at the bottom so the floor MUST meet the ceiling or else arbitrage will smash the market hard. So dumping on an exchange is impossible because we now have a system for controlling supply and demand. Now one concern is that even if the free market of liquid coins is not a federated order book, it would still be possible to offer a lower price for quicker exit. But here is the thing, we can force those exchanges off the NightTrader market by setting a hard cap on the price we allow in the client. Besides, you would not want to sell so short liquid coins at .75 cents when you could wait a month, get some interest and sell at a dollar. Again, this is the reason why that floor rises because the entrance price must meet the hard capped ceiling within a certain range below. Right now, I'm discussing with another member of the project who is a real math wizard. We are deciding the best price(my target is a dollar but we have to consider volume and how much we want to take off market), supply in the hedge/liquid network and some of the minor details. So yeah, if my partners work with me, this coin is by far the best coin to invest in right now."

Note there is one more spin to this. Allow paying interest on time locked coins. So if you are a backer, we would make its very much worth your while to not keep your funds liquid or tradable. Instead you literally choose to sit out. This can give you an interest bonus. Most people using markets will want liquid funds, long term bulls will take one of two positions, they will punish bears for short sales or they will take the modest interest rate and sit out. We can require people to sit out coins also by having a rule to deflate the liquidity pool into locks. So the deal is, somebody should sit out, or everyone deflates %2. The one who sits out gets 2%. (Thats just an example) The thing im going to want our team to work on while im coding is the numbers based on predicted volumes. So we assume everyone is a bear and that our volume is suboptimal and we go from there. This gives us the best projection for how hard the rules have to be. And just like difficulty in the bitcoin network, we can adjust these parameters every block.

Most importantly we have may have an advantage over NuBits here because we are going to keep the funds more liquid with a higher market cap.

Luckily, we have good source to reference and time locks in the outputs are not available so we just add some mining rules and really just adjust and fine tune the details over the coming months. I can't even imagine how much this coin will rise before this pegging transition. Its going to be craziness.

What are you talking about? BlackHalo has had contracts and a working client for doing them for almost a year. Download the software and I will do one with you right now. I'm the developer of that so yeah. Also this counterparty article was vague. Lets see a working demo. It doesnt even say this on their site. Lastly, my contracts use double deposit which makes the immune to theft and deception. Nobody cares if you can do a bunch of fancy code, if its unenforceable. Even Qora just added ATs solution to atomic trading which is turing complete. But they didnt pump it like you are trying to do right now.

As for turing complete contracts, those can be done peer to peer in Halo using python. Just go ahead and read my documentation from BlackHalo. Loops/apps are fundamentally easy to add but the excessive code done etherium style bloats the blockchain its actually better to do them peer to peer the way Halo does it and have miners check the hash of the source. If you are going to post something, please read the OP before you type.

Thanks no guarantees that I will be here all the time, there may be posts I overlook or a day or two that goes by because I'm just busy coding but its the least I can do right now especially since there are some really new topics being raised by the coin. You guys are forming a community so its best to keep the debate alive now that you are all starting to understand the ideas behind it. People who disagree with the methods are good to spark discussion and interest and to help others learn the why and how.

Check NuBits for inspiration for an answer on that otherwise my reply will be pretty long. As for the $1 value that is the target price. Since the techniques rely on using parking to control supply and demand the answer to your question boils down to volume and what we project it to be.

This is not entirely true, although its a good theory. The reason I'm so fast is because I'm using Halo source(a minor difference). Which is technically BC and Bitcoin. Since I wrote it on my own, its really easy for me to adapt it since I know it so well. As for the parties and finding a way for funding it wasnt a decision that really was that much foresight for me. These 4 guys approached me, some of them are well known and they wanted to hire me and make sure "talented devs were sufficiently funded and protected". We then talked at length and i realize they will do most of the fundraising, marketing, management, hiring, and also get me a dev team. They explained they were in it for the long haul, they explained their contacts and even introduced me to a few. So I agreed to license my code to them because it was beneficial to my projects to get some cash flow. My dev cycle was just too slow so having the extra help made sense for Blackcoin and Halo projects.

Well thanks for the well thought out reply. I can't help but think your experience in this field and possible an IoT coin gives you a vested interest in saying the above. Anyways, we can certainly change our roadmap to more accurately reflect what I'm planning to do here at Bay. I know they put something on their website too. Like I said before the multisignature solution does in fact work in real time with devices as does being on long term contracts. Its probably not the most consumer friendly solution because either the user or the client software would have to make some sort of arrangement with a manufacturer in advance either contract or lock.

Anyways, yeah I can update the roadmap to reflect my investors interest in Hardware and mesh and tell them about your feedback. Be patient though, im really busy right now and I can't promise you will see their site updated before the ICO ends.

On another topic, Skycoin is a fantastic project and we are watching it very closely. It may be more feasible to do it if Bitcoin was rewritten completely.

Its not copying Blackcoin, the only Blackcoin devs are rat4 and myself. This project will help us develop more for Blackcoin especially since I'm setting up and training devs in Asia. Also, maybe you should realize that if this coin gets pegged at a dollar its a billion dollar market cap. Is that enough money for you? If that was the market cap, you would instantly gain tons of money. Furthermore, we can easily adjust the peg by changing the parameter of the network. So if Bitcoin grows in volume and scope we can peg to Bitcoin. Its just a hedge, the network can use whatever hedge it wants.

As far as tech promises, if you are familiar with Blackcoin subreddit you will know that I always honor my word. The reason they fork Blackcoin is because its the best coin and it supports my contracting software. The markets already are integrated because Bitmessage already works in BlackHalo. Don't trust me? Download it and do a contract with me in Bitmessage. I was approached and asked to do this. It was not the other way around. Lastly, if you think you can run a cryptocurrency business better, then go ahead. Nobody is stopping you.

Unfortunately, because im broke. Its too bad because i could have had so much money had i sold all my coins before the horrible summer. But once the summer ended i had nothing. The only way to expand Halo was to pay for it myself. For some ridiculous reason, we could not get funding. We just fell through the cracks. I did not want to have my "hat in my hand" looking for investors so I was just like "Screw it, I'm going to Cambodia and hiring myself a bunch of  devs". It was between Cambodia and India. But i thought Cambodia may be a hidden treasure because its so underdeveloped. And its cheaper. Although now, I wonder also about Bangladesh.

What i learned was, India may have been a better deal because finding devs here without jobs is a really slow process. So better to pay about 20-40% more and get a HQ Indian dev.

Although some of the sources here I talked to said it was the same.

About 150-300 per month for a beginning level dev (although here is most C# and little python)
         300-500 for middle level dev
         800 for senior dev

Thanks yeah its also decentralized trading of coins. But for coin trading I dont have it listed YET because I'm coding two engines in Blackcoin called "NightTrader" its basically a micropayment engine and a multisignature exchange engine. They are meant to fully decentralize trade without relying on atomic trading. There is other things we can do too like we can microtrade time locked coins as long as the coins touch the multisignature account. This again, doesnt require checklocktimeverify on both networks its an elegant solution to decentralized trade without middle coins. But I had to be practical and make sure the markets are running and solve other problems.

So, hopefully we can get more devs to worry about adding my engine because im trying to focus on the complex stuff so they dont have to. Currently I just hired 4 devs here in Cambodia and im paying out of pocket. They are totally new to Bitcoin but im training them. Cambodia does not have a lot of python devs so its been very slow getting them started. Has I not wasted time with devs, I could have coded the markets myself already.

Regardless I knew I needed help and refuse to work alone for the rest of next year. So this deal with Bitbay will help set up my dev team. That was part of the deal.

That made me lol... ok well im going to repost the link. Its more of a "diagram" than a flow chart. So they way it works is, the nodes in the network do something similar to a multicast to all the other nodes that they find through each others known nodes. And they all try to decrypt everyones messages to see if it is indeed their. In order to prevent spam Bitmessage forces proof of work. But of course, an ASIC can smash their network. SO, use two methods. First burn coins on any network of your choose OR use timelock and lock a certain amount of coins to come back to you. (you pay yourself). Then, you can only post as much messages per minute as you have funds.

So, markets are channels in bitmessage or shared mailing lists. In SOME ways these can be decentralized servers. But, spam and of course inability to moderate is a problem. But its only a problem if everyone else can see you. SO, make a trust building system using Bitmessages white lists. This forces nodes to behave well in the lower level mailing list or perhaps a centralized server to earn the right into the moderators market. The mod likes you? He will burn your address into the blockchain thus making you a member of the white list. He could even store the list on a webpage no problem. You check that list, get into the network, they see you and the network is small only filled with people who behave well. Then to mitigate spam further you connect networks together like legos. Each network has moderators and can communicate with other moderators about the contents of their networks.

Thus Bitmessage is able to scale and avoid spam. It also can filter content based on rules (perhaps they want a clean market).

One more layer here... Halo itself can filter incoming and outgoing requests to bitmessage. So even if there was crap on the channel your actual client would not be able to see it. SO, here is a diagram that shows that. Granted, it sounds complex but its not so bad. I will have the markets with mods in our beta as well as a key i can publish to force it back to a server if it gets too much madness. Then after, i code the whitelists system. Basically, I force people through a server first and have them do some honest deals. Once they check out after a certain number of months and volume they get into the whitelist. Our server/bitmessage address signs for the whitelist for our market. Now if somebody wants to start their own channel, they use the same model.

A channel does not need a mod necessarily but ours certainly will and so will NightTraders.

Here is the page with my diagram...
https://bitcointalk.org/index.php?topic=850267.340

You should check out BitHalo and BlackHalo. This is my program that has been out and tested for almost a year. And yes, nobody can ever scam these contracts. They are by far the most secure way to do business. Check out blackhalo.info. You can read my whitepaper there its very exciting tech.