I'm currently in the process of syncing wallet version 1.2.0.0 (currently 1 year 12 weeks behind) and just noticed that there's a bootstrap. Presumably I need to start again - i.e. remove all files from the roaming folder except the wallet dat file, save the bootstrap file into the roaming folder and then start the client. Is that correct? Thanks in advance for any help.
You should be able to just replace your files with the files in the blockchain download. Might have to do a rescan. I know it worked with the client, but don't know if anyone has done it with QT. The files shold be updated to last release that was end of january. I suggest you make a backup of your partially synced files just in case it doesn't work for QT, so you dont have to start all over if it doesn't work |
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As I said before, BitBay is more interested in letting people know about the future than reliving the past.
Can you please take the Steven/Patrick/Qtum discussions somewhere else, and let this thread be about the amazing development that is going on in BitBay?
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BitBay response to association with QTUM co-Founder Patrick DaiThe BitBay development team has been asked to comment on the possible link between one of BitBay’s original founders, and Patrick Dai, a co-founder of the QTUM Project. BitBay’s lead developer, David Zimbeck has confirmed the man using the name Patrick Dai from QTUM, was known as Steven Dai when he was associated with BitBay. Steven Dai walked away from BitBay with publically invested Bitcoin & millions of BAY from the initial offering which has never been returned. The BitBay team recommends extreme caution when it comes to investing in any cryptocurrency project associated with Steven (AKA Patrick) Dai. BitBay is more interested in letting people know about the future than reliving the past. Even without support from the original founders, David Zimbeck has continued with the development of BitBay. A fully functional decentralized Smart Contract client is freely available for public use and is the most advanced crypto currency product available today. You can see more about the current state of the BitBay project by reading up in this thread or visiting bitbay.market You can also join our slack by using this link http://bitbay.market/wp-login.php?action=slack-invitation Why is Bitbay team spreading FUD on Qtum project, because someone work away from a project doesn't make that person a fraudster, alot of people have walked away from Bitcoin project and criticizing the team but Bitcoin has been better off without them, that should be what Bitbay team to measure up to not trying to pull another project down, do you guys think if Qtum project is a scam, they will be able to receive that level of funding? BitBay is not spreading FUD. We have simply answered a question. If you think it's ok to walk away with the money paid by investors to develop the project, then that's your privilege. I disagree. Wether we think Qtum is a scam or not is irrelevant. Thats a discussion for those that are or plan to be involved in Qtum. We simply revealed the info that the guy called Patrick Dai from Qutm is the same guy that called himself Steven Dai when he was involved with BitBay. How you deal with those facts is up to you, and not a concern of BitBay. |
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BitBay response to association with QTUM co-Founder Patrick DaiThe BitBay development team has been asked to comment on the possible link between one of BitBay’s original founders, and Patrick Dai, a co-founder of the QTUM Project. BitBay’s lead developer, David Zimbeck has confirmed the man using the name Patrick Dai from QTUM, was known as Steven Dai when he was associated with BitBay. Steven Dai walked away from BitBay with publically invested Bitcoin & millions of BAY from the initial offering which has never been returned. The BitBay team recommends extreme caution when it comes to investing in any cryptocurrency project associated with Steven (AKA Patrick) Dai. BitBay is more interested in letting people know about the future than reliving the past. Even without support from the original founders, David Zimbeck has continued with the development of BitBay. A fully functional decentralized Smart Contract client is freely available for public use and is the most advanced crypto currency product available today. You can see more about the current state of the BitBay project by reading up in this thread or visiting bitbay.market You can also join our slack by using this link http://bitbay.market/wp-login.php?action=slack-invitation
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I used the client already , the Bitbay Interface is dope with all that functionality . How come this was developed completely under Radar ?!
Probably because until now BitBay has focused only on development. Now is a good time to do marketing though, and it has started Show me some detailed usage stats for BitBay (the decentralized part only)... Lots of "great tech" is a Ghost Town because it only impresses pro geeks. Sorry for late reply. I missed this post. There are no detailed stats for the decentralized market. Actually there are no stats at all because no info is collected. If stats had been collected, they would be low for now. As I have stated before, uptil now focus has been on development. Marketing is just beginning. Lots of the "great tech" is very neccessary -not Ghost town. We are after all dealing with software that is intended to handle people's money. Many in the crypto community seem to forget that. That is why we have built what I believe is the safest wallet in crypto, and also focused equally much on the safety of transaction in our market. That some of the safety features also can be used for other purposes is a bonus. The fact that we are so focused on safety is something you should embrace even if you are not holding Bay. Us leading the way will make other serious coins follow, and as a result crypto wallets will be safer for everyone. |
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I used the client already , the Bitbay Interface is dope with all that functionality . How come this was developed completely under Radar ?!
Probably because until now BitBay has focused only on development. Now is a good time to do marketing though, and it has started |
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Hi guys - since last few days I have problem with my wallet - it's very small number of connections and it's in permanent desynchronising mode - ca. 15-20k blocks remaining. Should I update something? Maybe Wallet or nodes or both? Any advices? Thanks  What is the version number of your wallet? v1.0.0.1-g You need to download newest version |
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Hi guys - since last few days I have problem with my wallet - it's very small number of connections and it's in permanent desynchronising mode - ca. 15-20k blocks remaining. Should I update something? Maybe Wallet or nodes or both? Any advices? Thanks What is the version number of your wallet? |
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There are still a few old wallets on the network. Please update to version 1.2xxx for QT, and version 1.25 for client if you have not done so already.
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I understand this but what if you were buying something that was not obviously wrong and it was moderated out and closed. What will happen to my funds as they buyer or seller?
A contract that is already taken by someone disappears from the market and can thus not be moderated. The harder part of your question is "what if you were buying something that was not obviously wrong" There are a lot of things that are legal in some countries or context, but illegal in others. It is not possible for a moderator to know the law in all countries. Some drugs are a good example of this problem. We are still trying to make guidelines for this, but it's obvious that we will never get this 100% right. The logical thing is to run a rather strict policy in the open market, and be less vigorous with private markets that limit themself to things that are legal in parts of the world.
Isn't the fact there is any moderation possible kind of leaving it open to legal issue. If there was no central control and everything was decentralised would that not be better than having a single entity moderating?
Very good point. No moderation would be the easy solution. The problem is that we are leading this development. That means criminal elements could be very tempted to use our market for their purposes, and thus constitute a threath to BitBay's chances to become a major player for legal goods. There are other coins that are trying to develop what we have. Some of them are signaling that they intend to target black markets. We have to assume that one or more of them will succeed at some point in time. When that time comes, moderation may become less of an issue. But I agree this is a difficult one. Suggestions how to handle this are very welcome.
I think it is more risky for david being a moderator isn;t it?
I agree. But who says David will be a moderator?
I mean if you can moderate then you are responsible for allowing things to be there?
If no moderation is possible but there is no anon the authorities will have to police it according to their own countries rules.
I mean if you create a decentralised market place then how would you ever be able to moderate it all all or is there a special provision for this that I don't understand?
The answer to those questions are somewhat contained in the above answers I think.
Will there be incentive for moderators. How many moderators will there be? Or is it a case of reported bad stuff is removed?
We will try to run it without incentives for moderators. If that does not work, we will have to address it. We believe the number of moderators doesn't have to be high because users can report bad stuff. And because, as I said above, we think a coin that targets black markets will take most of that traffic in the future |
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It is decentralized, but the main market will be moderated. The reasons for that should be obvious. The legal market is so much bigger in the long run than any black markets, that it doesn't make any sense to become known as the next silkroad. That would create a very serious pr problem when promoting the market to ordinary people. Also, David does not want to be associated with crime. The team totally agrees with him on that.
The private markets in Bay can not be moderated unless a mod knows the exact name of the market. So in theory a black market could evolve there. But if the name of the market becomes common knowledge, a mod could hear about it, and close it down.
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are we 100% nothing was changed with the market place or qt downloads in the breach?
I would hate to recommend to people they download anything that was compromised ?
I have talked to a few people that sometimes notice my recommendations for buys in the main alt board.
Some are new to bitbay altogether so we dont want to get them off on the wrong foot.
Yes, we are absolute certain. The download links go directly to Davids server. |
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All these Newbie account popping up and creating one fund or the other looking for people to give them money to invest for them.
I will like you to answer this question
What experience do you have to manage investor's fund
How would you proof you can be trusted since you are a Newbie here
Don't be biased and judge him because of his rank. I've met many bitcointalk newbies who were brilliant and intelligent individuals with great ideas. Would it be more reassuring that he had a hero account? Definitely not for me. Just read what he is talking about and judge that information by yourself. The only things that matter: - What this project is all about, what is the innovation here? - Do we see competent, experienced people working on it? - What is the purpose of the fund, what it will bring for us, possible investors? - Do we have clear and honest relation with the community? I think that I've answered most of your questions thus far, but let me elaborate on a few points: The project is all about providing a consistent funding base for projects and individual developers on the Ethereum platform. Eventually, we may go beyond the Ethereum platform, but we think it's a good place to begin because of the relatively widespread adoption of it. The innovation is the ability for many people to come together and provide a venture capital-esque service without being hammered by fees or (for now) burdensome regulations. As for a competent and experienced team, I've already touched on our advisors, who are all above and beyond in terms of competence and experience. For the main team, the founders (of which I myself am one) are solid in their respective roles. The founders themselves (of which I am one, so I may be biased) are competent in their respective roles, i.e. development/programming/business. It helps that we not only have experience in doing these types of projects before, but we've mostly done them together, creating a great team dynamic through shared experience. The purpose of the fund has already been described, but as for what it will bring possible investors I'll reiterate: the biggest value it adds for possible investors is that it eliminates the unnecessary forced choice between impact investing and diversification of risk. We've done surveys of the Ethereum and broad cryptocurrency/[Suspicious link removed]munity and found that while people are certainly out to make money, they also genuinely desire to help the growth of these technologies. While at this point our project is not very big, matured, or well-known, our current standing with those we are in contact with is good and we view solid community relations as paramount to our success. Let me get this straight In order to save fees, you suggest that I should risk my money on a fund run by anonymous people on a tech with known issues? No thank you. I prefer fees |
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Alright I got some new market items up. Basically they are binary options. If you think a *legit* crypto coin (volume over 5 BTC day) is going to go up or down in price. I'll wager you are wrong. Or if you want to bet on any stock pick same applies! All contracts for stocks end at close of bell on Friday. All contracts for crypto end on Saturday 00:00 UTC. Guaranteed stop loss at 10% of contract value. Ever see a brokerage house not be able to execute a stop loss fast enough? Now we don't have to worry about it! Who needs exchanges and brokerage houses anymore?  Looks fun. I'm gonna take one of those |
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Nice article. Quick wrap up of everything you'll learn about this project from reading old posts & threads here on bitcointalk. Good this project needs some marketing fuel as well as good development. Now we wait for your Press Release David. That should create a bit of noise around and I'm not simply referring to their name, Bitcoin Buzz  Marketing is getting a lot more focus now. Not only by doing the campaign. We have expanded our team as some may have noticed already. We now have a highly professional video producer on our team. He has been here for a while already, but been busy making tutorial videos with craig. They are mostly done now, so he has started making promo videos as well. You can find one on our facebook page https://www.facebook.com/bitbaymarket/videos/736205693200941/ and more are in the pipeline. Our latest addition to the team is gjsteele who has proven himself to be a talented writer. He is now writing at least one article every week, and participates in other marketing activities as well. We have revived twitter and facebook recently, and also established presence in many other forums than BCT. Community members have started to help out as well. We will add more members to the team when we find the right talent. |
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Ok, it was just an injection of marketing. The site is ok, and you can safely use the download links.
Our web dev is on it and tightens security right now. Site is also shortly getting moved to it’s own machine which will let us keep things way safer from there on.
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A t t e n t i o n Our site was hacked. They changed a little in this blog http://bitbay.market/interview-david-zimbeck-vice/We need to know if they changed anything else. Please help us read the info on site, and report if you see something that does not make sense. Also do not use the download links until we have investigated. Use the download links in OP Edit: The hack was less than 10 hours ago, so if you have downloaded QT wallet or client after that, you should be careful for now. |
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