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yes indeed, this is when we rev up.
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This is a great job, thanks from the community. |
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We need a slogan for Bay. Any good ideas out there?
"Fuck Bob" lol this could be consider. |
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I hope you guys realize, but if not I must reiterate... the reason why it sometimes seems quite here on BCT is because a lot of us are all busy on Slack's community structure!
The template update is coming and even though no one knows (other than David himself) the release date, remember this, Bitbay is way, way ahead of the competition!
So I must apologize if you see this BCT channel as slow, but remember, there is something growing outside of BCT that is just waiting to climax.
Hope you speculators/users are still here and accumulating!
This is going to be Epic!!
Good luck and God Speed!
I have to ask where are you getting that this project is way ahead? People have started their shops on OB and it is looking nice an simple is this not basically what Bitbay is working towards with the added smartcontracts? Glad there is something going on away from hear as it is very quiet on this thread, just a few trolls now and again and not much else. Bet you are hoping people with funds are here to buy up your bags lol can you use OB on windows oS , its a question i stop following them for something like two months. if we got a 1 mill investment in bitbay it will definitely be ahead of the game, well it kinda is, because forget about marking shop you can make your own market with bitbay and no middleman. |
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There is alot of traction being convey in to this coin it's just like a sports car with no speed limit.
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I cant buy VTR because BitRex doesnt work over here, is there any plans to add VTR to another exchange?
it's bittrex. maybe you went to the wrong website it should work everywhere. |
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 Great to see this 24-hour volume for BAY!
Did I miss some recent news, or are people just finally getting smart about owning BAY?yep.. from a 1+M market cap to less then 200K.. bitbay sure is looking good!  Viral and Graph for the win! You have no idea how stupid you sound. You've accomplish nothing in this sentence and have accomplished nothing in your life, so get one. |
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I have opened my market client and for some reason this time after an hour my balance is still not up to date, the bar at the bottom has not moved from 0 but I was synced before. Any ideas what has happened? Thanks.
did you get the update client? what you describe happen with the first release client . the link is at the bottom. Ok so here is an update installer for the windows client. Its mostly just performance enhancements and a few fixes like the bug in the previous page. This update isnt being rolled out for linux yet. Instead that will probably be uploaded when i finish the templates. www.davtonia.com/blackhalo/bitbayupdate.exe |
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Hello! Welcome! Congrats on finding this coin before the fireworks will be released in a couple weeks! Exciting times!  Hey 3r197! Thank you for your warm welcome! I am really glad I managed to arrive before it kicks of, luckily I never arrived on the last pump to 170ish I see so now i can get double the coin I would have been able to  Welcome to Bay Again Thank you! Glad to be here, this coin has meaning unlike 80% of the others am surprised it hasn't already taken off.. It hasn't taken off yet because there aren't to much people on this same frequency but when true innovation is needed and sought out for,this coin will catapult to it rightful place. welcome to the club |
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I'm confused by syscoins pegging. The way other coins like Nubits and Bitbay use the term it ensures price stability relative to a target like USD.
As I understand it from reading the article, Syscoins pegging is really just a way to tell ppl what the current price of sys is.
Am I missing something?
Correct, pegging the TOKEN value is a total different beast.. solved by bitshares via oracles (delegate feeds) and market rules of no shorting below 10% of the peg based on price feed. Nubits has a centralized market maker to ensure peg holds but without the price feeds beign intrinsic part of the core design holding the peg up.. Bitbay wants to create a "prediction market" style peg which he claims will try to hold on its own without any rules, by adjusting inflation... we know this won't work because once broken it will be race to bottom, inflation won't fix it when broken because of psychology. I had proposed this very thing in DevCoin by pegging the value of DevCoin to try to set a rate at which writers were earning per round, but we found after analysis that, that style of peg wouldn't be the most efficient market consensus of finding true value of a token, its easy for a swan event to wipe the peg out for good and project is capput. We DO NOT want to do this, instead we simply want to allow front-ends to figure out the price of goods based on current exchange rate... however there is a notion of a hard price peg of fees (which are not tradeable) based on say USD or BTC.. because CODB will not be known ahead of time if people are paying in SYS... the world's accounting systems work on USD so we must allow people to understand costs in USD for example. This is a hard problem that we need to solve... so that fees scale(in USD or BTC) with syscoin value. I don't see a need to peg the token (syscoin), but a price peg tool which calculates how many SYS a given item is... is all that is needed.. nice and simple. In all fairness you should call your pegging a calculator and not pegging. Pegging is imo one of the most important features in a coin with market that targets ordinary businesses and consumers. You might do fine without it for the silkroad crowd because they don't have many alternatives. For everything else there are alternatives already that we have to compete with. Risk is one of the considerations people have to make when choosing market place. Reducing the risk and bother that the high volatility of bitcoin price and alt prices represent is a key feature in a coin. I have no problem with Syscoin not wanting to peg. But calling a calculator a pegging system? Well... There is no risk if they wish to use USD/GBP/EUR to accept payments yet still use syscoin for marketplace features. If you want to use Sys/BTC totally up to you.. if you use sys the volatility is an issue but you also get to track payments and more features as an incentive... if you really want to trade USD on the blockchain you can accept the bitshares payment gateway and accept bitUSD for example... these shouldnt be part of the core.. that is why we have solved the problem by simply rearranging thoughts and process flows to better align how the world works. But right in an apples to apples comparison.. its not the same pegging, but it is a pegging TOOL. I do talk about that anyway so people understand how its different. What I can say is that no marketplace has even remotely gotten the peg like you mention to work correctly so its a moot point since if you really want that type of pegging you don't have any marketplace to use. In your blog post your not comparing your propping syscoin plus your not reporting your just repeating. Your blog title is misleading. I understand that it's a long blog post but to state a claim like that without reading (or just trolling), just baffles my mind. There are many comparisons made throughout the document. This was written by Sidhujag, one of our core developers and of course as someone who is as dedicated to the project that he is, he certainly does think that Syscoin has many points going for it and why would he not write an article putting these facts to light? For those who may believe what healthhealer4 wrote, please refer to the following sections of the blog post: BREAKDOWN OF CATEGORIES (P2P VS BLOCKCHAIN), SOME PROS AND CONS OVERALL P2P DESIGN VS BLOCKCHAIN DESIGN AND SECURITY CONCERNS COMPARISON OF MARKETPLACE TECHNOLOGIES IN THE CRYPTO-CURRENCY COMMUNITY Nothing of the title is misleading, sidhujag did indeed compare Syscoin's marketplace to others. In no way, shape or form did Sidhujag claim to be a reporter, I have no idea what you are talking about talking about "repeating". Honestly, I'm going to have call this out. Now although we have respect for real projects like Bitbay, I see that the bulk of your posts come from there, considering this, I understand that you feel that Syscoin is a threat. We have no qualms with David Zimbeck and I personally have respect for the guy. We are a very open community and would not go to yours accusing you of such and such. Your comment is blatantly accusatory and abusive and has absolutely no foundation. We appreciate any type of constructive criticism but that does not include defamation. im not trolling i have respect for syscoin i never stated anything bad in my post . But how can you put in the "Comparison of Marketplace Technologies in the Crypto-currency Community" that is at the bottom of the blog that syscoin is pegged when it is not pegged as is in nubits or bitusd that is what the crypto world define as pegging.Plus the part about the Anonymous Transactions is selected yes so why is not openbazaar not also selected as yes, sidhujag stated it's because they run on tor, which has a man in the middle attack but syscoin is going through supernet which i myself have try this system by sending mgwBTC which is a third party out of nxt decentralized system there could be risk there just like tor. Seeing that sidhujag has a conflict of interest to being neural to writing a blog about this subject, just like me i wouldn't be a good candidate to writing this blog because i own both syscoin and bitbay |
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I'm confused by syscoins pegging. The way other coins like Nubits and Bitbay use the term it ensures price stability relative to a target like USD.
As I understand it from reading the article, Syscoins pegging is really just a way to tell ppl what the current price of sys is.
Am I missing something?
Correct, pegging the TOKEN value is a total different beast.. solved by bitshares via oracles (delegate feeds) and market rules of no shorting below 10% of the peg based on price feed. Nubits has a centralized market maker to ensure peg holds but without the price feeds beign intrinsic part of the core design holding the peg up.. Bitbay wants to create a "prediction market" style peg which he claims will try to hold on its own without any rules, by adjusting inflation... we know this won't work because once broken it will be race to bottom, inflation won't fix it when broken because of psychology. I had proposed this very thing in DevCoin by pegging the value of DevCoin to try to set a rate at which writers were earning per round, but we found after analysis that, that style of peg wouldn't be the most efficient market consensus of finding true value of a token, its easy for a swan event to wipe the peg out for good and project is capput. We DO NOT want to do this, instead we simply want to allow front-ends to figure out the price of goods based on current exchange rate... however there is a notion of a hard price peg of fees (which are not tradeable) based on say USD or BTC.. because CODB will not be known ahead of time if people are paying in SYS... the world's accounting systems work on USD so we must allow people to understand costs in USD for example. This is a hard problem that we need to solve... so that fees scale(in USD or BTC) with syscoin value. I don't see a need to peg the token (syscoin), but a price peg tool which calculates how many SYS a given item is... is all that is needed.. nice and simple. In all fairness you should call your pegging a calculator and not pegging. Pegging is imo one of the most important features in a coin with market that targets ordinary businesses and consumers. You might do fine without it for the silkroad crowd because they don't have many alternatives. For everything else there are alternatives already that we have to compete with. Risk is one of the considerations people have to make when choosing market place. Reducing the risk and bother that the high volatility of bitcoin price and alt prices represent is a key feature in a coin. I have no problem with Syscoin not wanting to peg. But calling a calculator a pegging system? Well... There is no risk if they wish to use USD/GBP/EUR to accept payments yet still use syscoin for marketplace features. If you want to use Sys/BTC totally up to you.. if you use sys the volatility is an issue but you also get to track payments and more features as an incentive... if you really want to trade USD on the blockchain you can accept the bitshares payment gateway and accept bitUSD for example... these shouldnt be part of the core.. that is why we have solved the problem by simply rearranging thoughts and process flows to better align how the world works. But right in an apples to apples comparison.. its not the same pegging, but it is a pegging TOOL. I do talk about that anyway so people understand how its different. What I can say is that no marketplace has even remotely gotten the peg like you mention to work correctly so its a moot point since if you really want that type of pegging you don't have any marketplace to use. In your blog post your not comparing your propping syscoin plus your not reporting your just repeating. Your blog title is misleading. |
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Poor Bitbay, poor Dzimbeck, coins were dumped in the low-cost, it seems, Bitbay is not far away from the dead, sad!
Your English is bad, make sure you know what your reading, there nothing poor her but your English. |
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Some people want to buy cheap coins? Bitbay is now less than 100 , why not buy? Agree. People are sometimes very dull and not so smart. This coin is already answering most of the problem that is wrong in the crypto world and in commerce . To many this is unbelievable but it will some day feel like something solid , one day they will figure out that this isn't a dream which will make them comfortable, which will fuel them to participate. This isn't vaporware ,you can at the present moment sell something to someone and you don't even need to know him or trust him. This is powerful and this coin stride has just started. |
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Hey there guys, so im making lots of updates and wanted to let you all know, if there is anyone who is good with PR or knows bloggers or would like some articles please reach out to me or the slack group.
Mostly, im usually busy coding so i dont have time to leverage my pr contacts. However, it would make sense for someone to reach out to a few bloggers or bitcoin pr news outlets to get some articles on the subject of decentralized servers and markets as well as pegging etc. I can always pay bounties for that as well.
Thanks and hope you all are looking forward to the next round of updates.
Yes indeed thanks for you for your contribution to the crypt world. we all are looking forward to the future of this coin and your personal updates. i my self would like to do a demo of how the market is currently work and upload it youtube if that ok with you, plus might make some video about bitbay and it's path. Thanks. Yeah that sounds like a good idea. Ok well just wait for the next update to do the video so all the templates are complete with bug fixes. I just added some really good inbox management stuff today. Still have a long list of things to do. The next version should be much more commercial. That wise will wait , just lining up for the target. |
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Hey there guys, so im making lots of updates and wanted to let you all know, if there is anyone who is good with PR or knows bloggers or would like some articles please reach out to me or the slack group.
Mostly, im usually busy coding so i dont have time to leverage my pr contacts. However, it would make sense for someone to reach out to a few bloggers or bitcoin pr news outlets to get some articles on the subject of decentralized servers and markets as well as pegging etc. I can always pay bounties for that as well.
Thanks and hope you all are looking forward to the next round of updates.
Yes indeed thanks for you for your contribution to the crypt world. we all are looking forward to the future of this coin and your personal updates. i my self would like to do a demo of how the market is currently work and upload it youtube if that ok with you, plus might make some video about bitbay and it's path. |
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I have a question about the attempt to peg to the dollar. The dollar isn't going to be the world reserve for very much longer, wouldn't it be better to peg to the value of something tangible and limited in quantity and has a low constant rate of increase like world gold supply. Pegging to a bankrupt fiat currency thats about to deflate or hyper inflate and die ether way will hinder this project. I would suggest not having a peg because they aren't sustainable. the swiss franc broke its peg tot he euro and made a mess, when china unpegs from the dollar watch out. pegs can look like good ideas but the stress of the markets will break them and that is always messy. bay should be allowed to float and compete along all currencies, the market, smart contracts and features will be its value, volatile at times but necessary because we are volatile creatures.
Happy Bank Running
more or less the peg will be a rolling peg, which will be determine by us the holders of bitbay weather we want to increase the peg value or decrease the peg value . but the trade off will be less bitbay you can spend from your wallet when the peg is increase and more bitbay that are spendable when the peg is decreased. I brought up the historical usd decline and suggested that it be peg to cny instead but the user on this forum are more accustom to using the usd to determine a value on something (which i understand). |
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What's the deal with Crave? Why is everyone buying that and not the amazing Bitbay?
That only temporary. crave is just a refurbished coin. |
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just fyi you have to go into settings and allow less secure apps for gmail to auth. Although you should get an email saying an app tried access you gmail.
Thanks for the info I take this is the setting in my gmail account ? Yes, I had the same issue with my gmail account. In your accounts settings on gmail (which I can get to if I click on the top right icon and then click on "account" - an account settings page loads up). In the "signing in" category at the bottom of it's list, is "Access for less secure apps" - turn that setting to "on". Then try to see if your gmail account will work with the client yes thanks that work , im all setup. |
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Hmm I noticed there are 3 orders on the market. Is this what everyone else sees? Someone should take one of them. I might take the Star Trek card...  I still need to make it so people can contact each other while in escrow. Also need to finish up those templates to make it so people can fill in all the extra info such as shipping etc. David, the card is my first listing and I think everything is pretty straight forward at this point, but the finished templates will be nice. (it is 1 of 3 items I see in market) I am really looking forward to a large scale adoption of BitBay as the ebay fees are complete crap. I've sold 2 things this month on ebay for a total of $300, but ebay is taking 10% for their fees, then paypal took their cut of 3-4%. I really feel this is the future marketplace to replace the corporate model that is all we've seen to this point. Ahh I see well i can take that order to test it out with you. Just make sure the client is running since its purely p2p. I noticed one of the orders on the market had its pastebin expire so most users will not be able to see the webcam anymore. I added a fix for that however i should consider giving a way to make the pastebin images last longer than a week. Since im using a site for that, i dont want to spam them either. Also, i noticed the order for the SD card is bitmessage only. This is fine although if someone accepts they will still need a way to contact you. I would recommend that until we have the templates finished, put some basic contact info in your description. That is the SD card i put up, first time i post anything so i need to get accustomed to this for future use. can i still add a email? i try to add my gmail in the client but it doesn't go through authentication. just fyi you have to go into settings and allow less secure apps for gmail to auth. Although you should get an email saying an app tried access you gmail. Thanks for the info I take this is the setting in my gmail account ? |
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