And we are picking up 3 exchanges for the peg. The bold red font isn't going to scare any investors. Stop with the nonsense. We all knew we would lose Bittrex. So now we pick up Chaoex, Bitker and Latoken. And assuming the peg goes well pick up a few more. Bittrex is not a loss David ... In fact, it is a blessing in disguise and I can see much more will come of this BECAUSE of the delisting, rather than not, purely based on the removal of all the red tape and requisites (read - headaches) that comes with Bittrex and their ilk. No one will miss this except the speculators and gamblers of coin. #crysx Thanks yeah I feel the same way. They were not easy to work with or enthusiastic. I hope that we can pair up with companies that see our ideology instead.
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And we are picking up 3 exchanges for the peg. The bold red font isn't going to scare any investors. Stop with the nonsense. We all knew we would lose Bittrex. So now we pick up Chaoex, Bitker and Latoken. And assuming the peg goes well pick up a few more.
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Make that "Please ELI5."
https://www.docdroid.net/st3eM7n/dynamic-peg-visual-technical-reference.pdfThis is probably the simplest and best visual representation of what it does. A persons balance is basically a bunch of tiny pieces and fragments that switch from BAY to BAYR or BAYR to BAY at precisely different moments and that is what they send to others and trade on the exchange. BAYR is different in that it moves slower (1 month delay to transfer to a new account). It gets higher interest 1% per year average instead of .5% for majority liquid BAY. Deliberately frozen liquid BAY yields an impressive 2% per year on average.
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Thank you for getting back so quickly.
I don't know anything about BAYR or liquid BAY or anything else.
Could you back up and give some sort of overview? I am totally lost. You seem to have a full grasp on everything. Is there a White Paper I should read?
Please EILI5.
The information is all over our site. Also the whitepaper is in the downloads page(look up the dynamic peg). Please check bitbay.market. We have tons of articles, explanations, content, etc. After you read that just let me know if you have any other questions.
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I am just looking for clarification.
The peg has not been released yet. So is the activity presented on dynamicpeg.com just practice with "funny money"?
How is it possible to buy BAYR with real BTC if the peg is not released?
BAYR will never be the same value as BAY. It's speed is slower so it only serves as a future. BAY protects the value of the liquid BAYcoins which in our tests was well over 30 dollars. Also dynamicpeg site uses fake Bitcoins, not real ones. However it simulates real world situations as I believe Craig set the bots up to be more bearish than bullish. People will still buy BAYR at a discount but not as much as you would think because the BAYR can serve as a future and generates higher interest when staking it. Plus it gives them more voting power and thus more control over the economy of BAY. Those are just tests obviously but its a good sign that the tech works. But basically it's the liquid BAY we are protecting by shifting coins between the two assets.
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So it seems that within a month or two we will have three exchanges online with peg SW: LAtoken, Chaoex and BITKER.
As far as I can tell from CoinGecko there are only two exchanges currently online, neither with peg SW: Bittrex (non-US only) and Upbit. Are there any other exchanges trading BAY right now?
What happens when some exchanges have peg SW and others do not have it? Who wins? Would it be worthwhile to request that BAY be delisted from Bittrex and/or Upbit? It would seem that the higher the percentage of peg enabled exchanges, the faster BAY will rise.
If an exchange doesn't run our peg software they could become insolvent as it's the same as stealing from users (since a user could deposit liquid and get reserve frozen upon withdraw or the exchange could simply get their funds stuck by not running it properly). Therefore, all exchanges must update for the peg. If not they will be required to pause trading until they integrate properly. We are currently also on NovaExchange and Litebit. Neither Nova, Bittrex or Upbit have made their decisions on the peg and to be honest it probably won't matter if they delist us. We are optimistic though that they will see the light and integrate, to support new technology because it's this technology that made them rich and powerful in the first place. Either way, we are going to be listed at Chaoex, Bitker and LAtoken and US customers will be able to use most of those exchanges as well. All 3 have agreed to properly integrate our peg in the same way as dynamicpeg.com
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In post #6932 dzimbeck wrote, "For now you can buy from anyone in the community by asking on Slack or Telegram and then buy through the BitBay markets client or Bithalo or even directly."
Will these channels be peg enabled? Will it make any difference if they are not? It would be nice if somebody could clear this up.
Yeah all of our escrows in Halo software has been tested to work with the peg. I just need to update it once more for the actual fork.
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Shout out to Dave Zimbeck:
Just want to say "Thank You" for always being there to answer the hard questions over the years. Also want to say thanks for always personally being available to solve the few technical issues and questions that have occasionally arisen.
I am confident of the coming break out and rise in price once this peg kicks in. I would also have the developers finish the Marketplace ASAP that is in final Beta Testing. (It looks great; so let's get 'er rolling!)
Thanks again. Doc
Thanks Doc, our web marketplace dev had some downtime however should be back to work soon. Also remember guys there is always the markets software for escrows and a lot of good niches for that.
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Where can I exchange BTC for BAY right now? Which exchanges?
Cryptopia went bye-bye. Exchange.me only lists ABY not BAY. Bittrex delisted BAY So that leaves: LiteBit UPbit BITLADON
Are these three all still good with BAY? Is there any other place to swap BTC for BAY?
Thx
LAtoken will support US customers, Chaoex I think does as well and we are talking to 5 others. For now you can buy from anyone in the community by asking on Slack or Telegram and then buy through the BitBay markets client or Bithalo or even directly.
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Hi, I just registered to ask a burning question that I've had for a while.
Who and how many people are actively doing marketing and promotion? Get to it! Snowflakes are covering this project up. Programming is solid, you guys are doing an amazing job, keep at it. But just add to it.
Bitbay is unfortunately not going to show itself. Where's the campaining?
The stability brought by the peg will hopefully help the project market itself. Most of the industry is still exchanges and traders so once they take notice it can be a pretty big deal. Furthermore once we finish with listings we can start to devote much more energy to marketing. Thanks Dave. I've been holding for a few year and I've seen this reply come up and up again and again. Marketing will happen, when x = met. Seriously, consider going at it right now. You're close and you've been close for a while. Get the wheels grinding already. There is someone dedicated to this field I see on your website. Crack the whip, dear! Get to it! I'm no expert in this, but I'd start lighting the fire, slowly. You're doing such a tremendous job at everything else. "Hopefully." You're running the risk that mainstream will fail to notice this, momentum is gone while your project grew in size. It'll take a bit more effort to get it going now, as it is more substantial on it's own. A lot of social media is censoring crypto ads they don't want. Perhaps they are gatekeeping. Once the foundation is set up I think they are able to apply to advertise through Facebook assuming there is no other shenanigans. We also need some sort of funds for that so the peg will have to pull a lot of the weight
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Hi, I just registered to ask a burning question that I've had for a while.
Who and how many people are actively doing marketing and promotion? Get to it! Snowflakes are covering this project up. Programming is solid, you guys are doing an amazing job, keep at it. But just add to it.
Bitbay is unfortunately not going to show itself. Where's the campaining?
The stability brought by the peg will hopefully help the project market itself. Most of the industry is still exchanges and traders so once they take notice it can be a pretty big deal. Furthermore once we finish with listings we can start to devote much more energy to marketing.
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A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted. Listing BAY as a coin seems simple enough. What are these extra lines for , the peg ? if so lin some tech specification or example and i can work it in.
It has to track the supply changes. For example if a user has coins that freeze/switch to reserve on the exchange then their trade balance will change. If the exchange does not track this, then withdraws will not be correct or in some cases not possible (when trying to withdraw reserve or frozen funds instead of liquid). Thus, all trades must be calculated in which shards of liquidity are being moved. Balances also must be adjusted when marketcap is dropped by force. For example if a user has 1000 coins at 100% when the peg starts and it drops 50% then the exchange must reflect 500 coins liquid and 500 coins reserve. This assumes he has full range of liquidity. This will also effect the orderbook, dropping orders by a certain amount if the user no longer has the liquid funds. There is some other details as well. It's what goes on under the hood, for now it's about 1000 lines of code and direct connection to bitbayd to calculate liquidity. The peg data is stored with the exchanges database. We have already the code, the sample of how it's integrated on dynamicpeg.com and some API docs. We are preparing more as well. It's not too hard to integrate for a gifted coder, they should just look at our demo exchange. Why/who deleted the above post?
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Is dzimbeck or anybody else at BAY pursuing iron clad software and/or process patents for the peg stuff?
Perhaps, however honestly I don't believe in patents or owning ideas or names. I considered it years ago for DDE however changed my mind. Everything should be open source. Also patents are hard to enforce.
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Doc, judging from Blockchain Mechanic's comment history I don't think it's a troll. It seems like might be interested in BitBay. However, it was probably not entirely appropriate to post an address while we are also raising funds for exchange listings. Anyways, so far we still need funds for listings. LAtoken, IDAX and BTC-Alpha won't be the only ones who ask. So any ideas and assistance would be appreciated. If our peg can also have high volume then it's basically unstoppable in my humble opinion. dynamicpeg.com is tracking the price beautifully at whatever the algorithm sets.
Official Bitcoin (BTC) address for contributions to list BAY on exchanges for peg implementation: 3P45R8RGmdLzjWgucp2X56eAexadNRrJTY
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Well listing BAY requires a thousand or so lines of code they have to add. However for the exchanges who net multi-millions per year it should be trivial. It shocks me to see some of the nonsense that gets listed in 100+ exchanges, it seems like a mafia of sorts. I'm not sure the exchanges we are talking to care either way it's just another way to make a buck. I wish they could understand how powerful the peg really is. However if they are bank owned indirectly, that might explain why some of them act the way they do.
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Hey everyone, so it's looking like we have at least 2 exchanges lined up for the peg. And there might be more who will ask for BTC. As there is really no way around this, I think it would be best if everyone from the community who has a vested interest contribute something. We will need at least 10 BTC for these exchanges however if we can raise more even better considering there are many exchanges that will probably ask similar things. I think it's personally worth it as we have waited 5 years and finally have completed this feature of the rolling peg. I think if everyone made a contribution it could leave us room to negotiate with even more exchanges. It's not my style normally to ask these things however exchanges will always charge (and sometimes they can get pretty expensive).
Of course it is up to each individual person however obviously if everything goes our way it will be worth it. I know we aren't in a bull market right now, but there is no telling when the altcoin industry will boom again and we have the only coin in the world with a decentralized dynamic supply. I'm going to post the address here. Thanks and let me know if there are any questions/suggestions/ideas.
Bitcoin address: 3P45R8RGmdLzjWgucp2X56eAexadNRrJTY
lol...and there it is... We have been paying out of pocket for the past 4 years. Donations aren't required we will list regardless. It's that simply every single exchange will come back at us with a 3-15 btc cover charge. LAToken wants 7, BTC-Alpha 2.5 and IDAX 15. So actually just even getting a single Bitcoin would be helpful because this is going to wipe us out. We also have to be careful because OEX just stole 3 BTC from us. They said they would list and didn't. We can't risk that again. Otherwise would put exchanges on double deposit escrow which might turn them away from negotiations. Personally I think exchanges should list us for free. What we created here is a coin that can reverse a bear market. It's crazy what this peg can do. So to be honest I don't know why BAY isn't on 100s of exchanges with this peg. It's a million times better than what Basis wanted to do and we did it while they raised 100 million for vaporware(and then they bailed on it). So trying to get a couple Bitcoins is trivial. IEO scams raise a million bucks and we are scraping with tech in hand. It's sad that we are even in a grind at all and most likely I'm gonna have to front the majority of the costs. I prefer not asking however it's absolutely worth it to see who would like to pitch in. If they don't, we will list somewhere anyways even if I've got to fly all around the world to get the connections.
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I think if everyone made a contribution it could leave us room to negotiate with even more exchanges.
3P45R8RGmdLzjWgucp2X56eAexadNRrJTY
Been following you guys for 2 years now and never even bought you a beer, so I'm happy to chip in. That's a BTC address? This is the BTC address the "3" symbolizes multisignature. And thanks by the way. Although this one won't go to beer. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) The more we raise obviously the more exchanges we can get on at once. 3P45R8RGmdLzjWgucp2X56eAexadNRrJTY
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Hey everyone, so it's looking like we have at least 2 exchanges lined up for the peg. And there might be more who will ask for BTC. As there is really no way around this, I think it would be best if everyone from the community who has a vested interest contribute something. We will need at least 10 BTC for these exchanges however if we can raise more even better considering there are many exchanges that will probably ask similar things. I think it's personally worth it as we have waited 5 years and finally have completed this feature of the rolling peg. I think if everyone made a contribution it could leave us room to negotiate with even more exchanges. It's not my style normally to ask these things however exchanges will always charge (and sometimes they can get pretty expensive).
Of course it is up to each individual person however obviously if everything goes our way it will be worth it. I know we aren't in a bull market right now, but there is no telling when the altcoin industry will boom again and we have the only coin in the world with a decentralized dynamic supply. I'm going to post the address here. Thanks and let me know if there are any questions/suggestions/ideas.
Bitcoin address: 3P45R8RGmdLzjWgucp2X56eAexadNRrJTY
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I can confirm this information about BitBay. OEX straight up stole 3 BTC from us and didn't list us. They now have proceeded to ignore us. They are evil, avoid at all costs.
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It's going to make things interesting for sure.
You've got entire platforms that are gambling on creating web 3.0 on a blockchain.
And now that there are alternatives along with alternative concepts in development, it could create some competition. I'm going to gamble on the easiest solution will be the winner. Sure ethereum has smart contracts included with it's web 3.0. But as we are going to prove, you can add smart contracts to off-chain decentralized web networks as well.
So I can't wait to see how things fall into place.
Exactly, not everything needs to be on the chain. The data for markets or p2p networks can be handled by the users themselves. Why should a disinterested party handle someone else's messages? Nodes can run to do this anyway and be motivated because they run the network or because there is stake donations or something. Besides, large amounts of data can still be hashed/signed and notated on a blockchain as well.
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