Hi so one way to acquire BAY is just use our markets. There is a coins for cash template and if you let people know you want to buy they can either acquire them for you or sell direct. You can even do a custom contract. That's the advantage of P2P markets is sellers and buyers. Just remember to let our community know either here or one slack about the contract.

Also the solution for the web markets is pretty simple but I haven't seen a system like it yet. Zeronet probably doesn't let data expire or is best for serving static pages. In that case github would be fine for serving pages for free.

As for the web markets and any decentralized site, my solution has a few steps.
* All major logic is run client side in javascript. Because users should validate their own transactions and verify data and prices
* Blockchain data can be verified client side on chainz and other services as well as with nodes running the site directly
* External data can be scraped from third parties like coinmarketcap
*Nodes that run markets do so voluntarily. They share the data with a master/slave system and it is not blockchain based.
*If the master node (the node that updates the database from slaves) goes offline a new one is automatically selected
*A user connecting connects to any of the nodes or several and that's OK for trivial data. Just make sure all nodes sync with master
*All user data has an expiration date, even personal data and its ALL encrypted using their private key therefore if the master node messes
  with this data it will not be able to be decrypted! Nobody has access but the user
*Messages P2P is end to end encrypted again preventing tampering
*All requests and messages are signed with private key making SSL not as important and login much safer
*Messages with expiration date vary (from months to years depending on data type)
*Images can be stored on sites like IMGUR with a bundle of API keys used client side or anonymous pastebins
*Publicly shared data (such as offers) share a common decryption key and are signed by users making tampering almost impossible
*Master nodes that tamper with data will obviously be replaced by slaves who prove it was tampered (perhaps using master signature of hash)
*DDOS is stopped easily by traffic limits per node or progressive POW or "proof of time locked funds per KB" the more messages sent.
*Database size is contained by the fact that most data is trivial, users can back up data and hash it, nodes may also archive with hash

The above system lets anyone join without the concern of data issues or trust. It also allows anyone to serve the data with big servers.
It's possible that Zeronet, IPFS or even DPOS databases have a design close enough to the above but some of the things in the required specs are pretty specific. If this is designed by our team we can probably open source it and increase contributors to our github.
I've not had the time to research any alternatives but if they can do the above with a few modifications that saves us a lot of work.

If for whatever reason, any trust of nodes serving is involved a list can be periodically updated on github by reputation. Also stakers can potentially vote them in or out and even give them incentive by a stake donation so I don't see those things as issues for trivial data.
Contracts can at least have very important info backed up on chain by a hash or a small encryption of minimal critical data(for example a disposable key). If you really wanted to be fancy, use stenography to store data into images on 3rd party services

And thats it, I think the design itself is pretty simple... it just needs to be coded and I really dont want to have any of the above features missing (except perhaps a variation in how nodes group together or something)

Hopefully this makes sense.  

We will get there Doc! One way or another buddy. All that is left now is to get this peg up on a couple exchanges with decent volume and it's game over! Or is it just the beginning? 

I see, your project looks pretty ambitious. Well if all of it is going to be open source then I can recommend how you would go about doing decentralized "servers" because we have a design for it that is pretty bullet proof. The cool thing about crypto is almost everything can be client side other than the database where data that doesn't belong on the blockchain is stored. (although it can be hashed on the blockchain at predefined intervals if you want to keep it's integrity)

Also it's probably a good idea to make everything web based(except of course your full nodes). This is something I've learned over the past 5 years of development that end users won't really appreciate what's under the hood. They just want a viable product (even when something as serious as their own security is concerned)

Thanks will get a direct link on the site

Hi there, is this for the Markets client or QT? Both are at my github. github.com/dzimbeck

The markets client (which contains all peg logic in Python) is also there in the Halo github with Bitmessage. It has a link to the obfuscated source code and so does our main site bitbay.market

Hi there, absolutely! We are always happy if a merchant gives back. There is a donate option in the client actually. We would not need a smart contract for a kind gesture. If anything we would hope you can sell your shirts and be successful as that helps the market move. If you get on slack or discord or even here on bitcointalk, there are many community members who would love to walk through contracts with you either on the client or web marketplace just to run some tests. The best part about being decentralized is you don't need anyone's permission! We hope this platform and it's users see that this is truly 2 party peer to peer escrow. We don't take fees, we don't have servers, we just want to see users and want to see them protected from fraud and escrow scams. My goal ever since 5 years ago was to popularize unbreakable contracts aka double deposit escrow. That's what brought me into Bitcoin and that's what made me stay.

 

The most important thing we have to do now is get exchanges to add our peg code since trade balances will fluctuate as supply does. Some exchanges have already taken an interest and all we need is one to start kicking some tail.

Considering that we have to negotiate with exchanges for the peg, our team is dedicated to doing that right now. We will need a lot of funds to properly negotiate and dedication of most of the team to complete that final step. Once we see the exchanges with their pair looking like dynamicpeg.com then brand changes can be calculated. Because a rebrand will cost 5 figures easily, maybe 6 done nicely.

With the BitBay name, we have proven spiritually that we were able to take the project from being sabotaged to a few hundred grand marketcap up to a half a billion dollars and now down to 7-10 million respectively. So many people made money or at least had the opportunity to cash some of them up thousands of times from the bottom thank goodness. So a rebrand is okay since we have proved our point. However, I assure you that this price drop has absolutely nothing to do with branding and it has to do with the bear market and our core investors already positioned as well as potential market manipulation across the exchanges. Of course there is also stonewalling and foolishness through the industry as a whole. People aren't yet looking at what blockchain can do and instead still gambling on it. This is why the peg is a core feature meant to fix that problem. And all the code is done there is just final touches and negotiation left to do. Be patient.

BitBay name might have other issues besides the exchange and I'm not sure if it's conducive to a physical currency... examples like "euro", "dollar", "peso" are more currency sounding. As far as names I've looked over lists of other names and BitHalo is one of the best. It's also the project that started everything so it certainly has the history and worth to back it up. Although as usual we are fine to chat about other names as well. For now though it's not the priority.

Actually the reason it doesn't give that incentive is a good thing. For example, I can split an input into 1000s of outputs. If Coinage was allowed those tiny outputs could sit for a while and generate higher stakes. It also lets a user gain more network weight by not being connected which is clearly a security hole. Rat4 removed this for those reasons.

Lets say a guy with 100 coins has a 10x lower chance of getting a stake than a guy with 1000 coins. That is totally fair because they BOTH average about 1% a year considering a reward of 1.5 coins. So if a guy with 100 coins is connected for a year he will see a block more or less. The guy with 1000 coins might get a stake per month. It doesn't favor the rich.

Consider DPOS which does favor the rich. Once you get into the 100 delegates or 20 delegates or whatever, you can pay people to vote for you and stay in the top. Also, it's less people validating the chain. For pure POS 3.0 there could be as many people staking as there are people connected. As incentive rises to stake, people upgrade hardware to run the full nodes. DPOS was never necessary and was a centralized workaround to make a glorified database. It paid off well because the devs could roll out a product but it wasn't actually secure and neither was the trivial data (like Steemit which stores it's data elsewhere).

POW also favors the rich because wealthy people can build better hardware to dominate the network. Also POW is notoriously prone to being forked for smaller chains. This is because the "small chain" is only as secure as the "big chain". Basically BTC miners can at any time point their pools at weak coins, perform double spend attacks and destroy those chains. POS doesn't suffer from this at all because the network difficulty is contained within it's own network. Only people genuinely invested in Blackcoin can attempt to fork it.

The reason to get involved with Blackcoin is that this network has been running securely for 6 years and it has never been forked! Furthermore there is software like BitHalo/BlackHalo and the new developments with More and such.

With less people staking, it does give an incentive to connect and stake because the higher reward. It's good to look at network weight. Still the volume needs to be there. Blackcoin needs to keep developing to stay competitive.

Blackcoin POS 3.0 doesn't have Coinage as it was removed for obvious security reasons. There is no difference from new wallets to old ones.

Why would the protocol have a bias to new members? Are you saying this because the difficulty is low?

So far we do have exchanges that are showing a lot of interest. Oex did say they would do it. However it's a good amount of code so they need to be ready to work with our devs at the moment. We cross that bridge after the final tests of the demo.

The market is empty because people are testing the demo of the web based market instead. I suppose the decentralized market is for people who take their privacy very seriously and want to do business with the software which has got to be one of the most secure ways to do business around.

As for names, we don't really have the funds to rebrand right now. If we are forced to take small exchanges for the peg then it might make sense to fork with two brands. Moving the team to the new one but keep the exchange listings 1:1 copy to the new chain. BitHalo was meant to be an escrow name, branded specifically for "honor amongst thieves" being able to force honesty. It was also a cobranding name to be able to put a Halo on any project to make it righteous. So I'm not sure it's the name to use on a rebrand but maybe.

If a name comes along that we all agree is incredible then we can consider it more strongly but so far there has been nothing else.

Well exchanges don't always last. I suppose we could always rebrand as BitHalo which started it all however that is a software solution that was supposed to be cross-platform for the escrow service and was branded that way. We have discussed other names but honestly nothing springs to mind. Besides, success is the best revenge and it would be nice that it happens with the BitBay name after all we went through. We existed at the same time as the exchange so it is a funny coincidence. I never really understood why they chose that name for an exchange since it's not what I think of when I hear the name. Plus there is the cost of rebranding which is beyond the scope of our budget at the time. Perhaps the peg fork will either force our hand (to keep exchange listings) or bring the funds to have a more serious convo on that subject.

You might be confusing Bitbay currency with the exchange.

Sure, then use some testnet BTC and try and break the peg. It's hovering around 6 dollars.

https://dynamicpeg.com/

What's even funnier is you have nothing better to do than come here year after year. Remember when BitBay hit 45 cents? Only 450 times price increase over 4 years. 

The users are the ones who self-moderate (they can flag orders) and they can share a moderation key. It's their own responsibility to respect the request. Because it is peer to peer and decentralized similar to the internet, it's not really possible to know what is going on in every corner of the internet. If users didn't respect the request it would have made the job of development harder. However there isn't really an authority. Instead users themselves can volunteer to try and keep the markets they are aware of within the community guidelines. And you are correct in saying laws vary from place to place and thus it's up to the peer to be aware of this and perhaps even reflect this in their offer (only taking clients from X country).

Also to respond to your other point that nobody wants to sync to use markets. The markets are based on Bitmessage so there is no syncing per se. However there is a delay for seeing orders. Also because this is a tool without servers and resistant to censorship, this will be relevant to anyone who is hard core about having their sovereignty and privacy which is something that I think web based markets won't be as good at doing even if the servers are somewhat decentralized. It will always be here as long as there is internet and open source even in 100 years as a tool to defend basic human liberties.

The openssl prompt might have to do with BitMHalo (Bitmessage) not starting. The problem might be that you tried to install to Program Files or a directory with lower administrator privelages. Just install to C:\BitBay. Also it could be anti-virus interfering with peer to peer software. In that case, disable it. The desktop client has a "wall of features" that you can sift through at this link:

https://bitbay.market/wall-of-features

All of those are complete, the entire software is complete. We are simply working on a web version and the peg exchange demo to help exchanges understand all the code required to run it.

On the markets client you download you can absolutely sort out details of the deal with the client through the messaging system. On the online markets I'm sure a similar feature is intended and that market will also be decentralized. There is no reason to ever charge fees. I will absolutely never endorse this. There was a few different anti-spam methods laid out in my specifications. The first is simply requiring progressively higher POW the more orders you post (each time doubling it) or simply limiting the IP address if they appear to spam. Another option is forcing a timelocked payment to yourself so that can make a user only temporarily have to tie up funds if they post too much. Currently in the downloadable client because it's Bitmessage and Bitmessage requires POW per kilobyte, no defense is required. On the web markets any of the above options is acceptable.

In the markets client, there is a feedback system. On the web markets a similar system will be used. Most importantly as pointed out by Doc you can track how many contracts a user blows up by looking at the blockchain and simply force them to dramatically increase their deposits the more they blow up contracts. If some competition is very wealthy and tries this there is a saying that goes "a fool and his money will soon be parted". The idea since the beginning was always to transition society from a world run by liars to a world run by honest people. This transition no matter how slow, can start to happen with double deposit. Since this is a game that favors the honest party. So the liars may go down kicking and screaming, but they will eventually go down if they use this system.

Awesome, markets are filling up nicely as well.

The desktop software has price tracking. The web market doesn't however it's not so tough to add. It does need to be verified by individual peers and confirmed by end user to avoid mistakes. Also thanks for the feedback, it's good to report that kind of thing.