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Yes David, fair enough! I like to be surprised anyway so if that works out well I will have to think about it differently.
However, do please update the OP with recent developments: since we (will) have many new people around here it's good to give them a Bay state-of-the-art in the first page!
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About the Peg: I'm not a big supporter I must admit. The idea of having something set in terms of value doesn't excite me. I would personally wait fro a much better recognition of the whole project before thinking of that.
Just thinking
The peg is rolling it's not set in value, it can go up and down, holders of Bitbay vote on supply. The difference is it can go to whatever price we want and hold a fixed peg when we want Yeah it can still fluctuate! So for example, 1,2,3,4,5,etc., months after the 'rolling' peg is implemented, there is no telling where the price will be for BitBay. And users will be able to vote (decentralized) on how they wish to protect their investment. It's only natural that they will be voting in favor of keeping system stabilized OR for hope of potential growth! Trust me! Karartma1 This is going to be a good thing. And is going to work great along side bitcoin. It's going to be simple and yet elaborate. If you want to be as simple as buy low, sell high - you still can! However for the sake of day traders, the option of the complexity available will literally make it the most exciting trading process they have ever encountered before! You don't have me on that but that is my humble perspective from a pure economic side. However, I'm totally in line with everything else which I love. I'm not a day trader, I simply buy stakes in what I believe are the most viable alternatives of my beloved BTC. We don't have to agree on everything here  |
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On another note I am sure many people have had the opportunity to review the architecture of this new blockchain-less approach to the consensus algorithm. Has anyone been able to find and articulate any potential security problems or shortfalls?
Yep, just a few of them: 1. Full node stores the whole DAG data which means it isn't that much more scalable in comparison to blockchain without blocksize limit (e.g. Monero). It has the same limitation related to hardware storage capacity and bandwidth. 2. Witnesses control the network. And they are only 12 of them. If they form a cartel they can start censor the network or do other malicious behavior. Getting rid of witnesses cartel is hard - the network needs to split which is called "schism". Read the whitepaper for more info. 3. Blackbyte are not fully anonymous. When you send them you reveal your IP to hub. TOR implementation is work on to mitigate the problem. Eventually (if implemented) blackbyte would be as anonymous as TOR is anonymous which is not 100%. Monero is much more anonymous. 4. Whitebyte are fully transparent just as bitcoin blockchain. You can check the senders holdings just by going to DAG explorer. There are no plans to make them less susceptible to analysis and therefore more fungible. 5. Data storing feature is very limited due to cost. It's basically just a little text storing feature. Take a look at my calculations to see why. I thought the second was the most obvious one and, in fact, it is. And given the other features that's a bit problematic. I thought of using TOR for BB but as you pointed out that's just as anonymous as TOR can be. Monero wins on that side. Would be nice to hear something from tonych.. |
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About the Peg: I'm not a big supporter I must admit. The idea of having something set in terms of value doesn't excite me. I would personally wait fro a much better recognition of the whole project before thinking of that.
Just thinking
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Work is advancing on a highly anticipated bitcoin project originally proposed by an anonymous cryptographer going under the French name of Harry Potter's nemesis. Named after one of the book series' spells, MimbleWimble has quickly became one of the more anticipated bitcoin R&D initiatives, since it is believed it could help improve upon the scalability and fungibility of bitcoin in a unique way. Read more-> http://www.coindesk.com/bitcoin-devs-feeling-optimistic-mimblewimble/ |
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I personally receive bonuses from Betcoin.ag which are really good to me. Back in November I was able to clear my bonuses reaching a very good profit. From a giveaway to real btc! I loved that
So, to answer the question, yes I think everybody loves free beer and bonuses likewise.
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I'm a bit tired of hearing that the Blockchain is "an important New Technology". Why is that a decentralized p2p ledger needs to be called a technology? A technology is the mix of: - A torrent like protocol; - With POW on top to avoid double spending; - Some good ideas of the past! That's my technology and it goes under the name of BTCitcoin. |
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And many millionaires want Bitcoin right here right now, but they want them Over the counter. I've been informed that the CEO of a SME nearby Wien bought a $1.5M worth Bitcoin back in November.
There will not be enough BTC for everybody: even Satoshis will be hoarded one day
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Grayscale Investments LLC, a wholly-owned subsidiary of Digital Currency Group, Inc., recently filed to list its Bitcoin Investment Trust (BIT) on the New York Stock Exchange (NYSE) in a $500 million initial public offering, according to a Securities and Exchange Commission (SEC) filing. Shares of the trust, which have traded over the counter, have traded at a premium to the bitcoin price, according to Marketwatch. The trust, which launched in 2013 and exclusively invests in bitcoin, is one of the few options available to institutional investors who seek to exposure to bitcoin. BIT began trading on the OTCQX market May 4 under the ticker symbol GBTC. Read more -> https://www.cryptocoinsnews.com/bid-lodged-for-bitcoin-etf-on-nyse-in-a-500-million-ipo/ |
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And now the real game starts. We will hardly see pumps like the ones we already had: I mean, we will have pumps but for the next times we could rely a bit more on China's volumes.
This is going to be interesting and fun to watch
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Both campagin looks great and they began only today. Actually, they still have to begin: both threads are locked. I think the idea is to present them before having people posting to participate. As soon as opens I expect many to participate, rates are quite good. |
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Guys what's up? Nobody cares about Ligue 1 anymore? I do and after some analysis here is my betslip fro the upcoming Samedi de football! As you can see there are quite some interesting games starting from Nantes - PSG
Nantes - PSG PSG wins (not easily though)
Guingamp - Rennes Home or draw
Caen - Nancy Draw
Dijon - Lille under 2,5 goals
I won this parlay: 3 out of 4 but I got payed since Caen's game at home to Nancy on Saturday has been called off due to a partially frozen pitch. Odds were lower than expected but profiting is always good |
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The market is paying attention to these updates, its moving finally with more than a btc volume  16 BTC volume yesterday if that's the case. If the calculations that have been done here will confirm that Bter ICO whales are gone nothing stops this coin to go in only one direction. Dedication and hard work will pay in the long run Just because one set of whales are gone does not mean a new set has arrived and the thing is you know nothing about these new whales. Luckily this coins has the best bagholders I've ever seen so until they reach their target, you're right it will go up. Yes, I agree we know nothing about the new whales as you call them but to me it's crucial that the old Bter Ico whales are gone. They have been like venom to this project. A great deal of people at the start thought of this as a P&D scheme (bter reputation does not help in that sense): David delivered everything relentlessly in any case. New whales will come but a good project will always stand still since if the code speaks for itself there's not much to worry. I personally feel this is a superior coin compared to many top 50 coins out there. |
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The market is paying attention to these updates, its moving finally with more than a btc volume 16 BTC volume yesterday if that's the case. If the calculations that have been done here will confirm that Bter ICO whales are gone nothing stops this coin to go in only one direction. Dedication and hard work will pay in the long run |
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Guys what's up? Nobody cares about Ligue 1 anymore? I do and after some analysis here is my betslip fro the upcoming Samedi de football! As you can see there are quite some interesting games starting from Nantes - PSG
Nantes - PSG PSG wins (not easily though)
Guingamp - Rennes Home or draw
Caen - Nancy Draw
Dijon - Lille under 2,5 goals
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Great job, well done. You guys are paving the way up.
The PR & marketing activities that David's preparing will probably bring this coin back to where it belongs.
Super cool
EDIT:
David only one suggestion: please make sure to update the OP with new features and updates! For example POS 3, removing Bter exchange etc.
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Bitcoin is the must have for the rich now. OTC Bitcoin are on the way up: someone at work knows that I hold Bitcoin and they're rapidly turning to me for knowledge and, of course, bitcoins. The followings says it all:
I've been asked to provide 25 BTC. I refused. They were willing to pay more than 20% of current price. I refused.
I've told them to go buy them on the exchanges and do KYC/AML.
I think for the first time in their life they realized what their fiat money real value is and what that's value of financial freedom.
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Am I right in saying his data has been correct regarding bitcoin quite a few times? (Not all the time obviously)
I have recently seen a video regarding web bot predictions of bitcoin and silver and it states he has been right in the past with very odd predictions and it's been right, especially in the 400s and 800s.
Because of him I bought when it was 200$ ... Just because I'm a doom & gloom guy and I really don't like banks! Similar price I paid for the majority of my coins. I was between 200-300. Not bad. Yes same here. In June 2015 I moved most of my salary to BTC. That has been my wisest choice so far. And when we'll hit 2k... because we will, I'll probably be a happy guy. In the meanwhile The Race is on for a Bitcoin ETF http://www.wsj.com/articles/the-race-is-on-for-a-bitcoin-etf-1484919815 |
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Bay is up and running, wonderful. Someone is trying to avoid the spike up but it will not hold.
David, any update on your PR activities? Let us know when you go live.
This is going to be interesting!
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