Hahaha well a lot of us here have similar experiences, some people saw Bitcoin when it started, sold early, etc. It happens.

As for reading and replying it doesn't take much time. Sure, I'm busy and perhaps one day I will have to turn off social media. To be honest, not sure why so many devs do otherwise. It benefits to listen to investors.

As for marketing, I completely agree. Indeed there is evidence of projects with nothing and just a lot of marketing at billions in marketcap. Some parts of our tech will speak for itself and potentially move us higher, however we are looking for marketing people and we need one who believes in what we do and has the time to devote almost full time. And also the experience. Our team is building.

And you say it's completely synced?! How long ago did you install this wallet? If it was before November 1st it could be the old one. What is the address? Can you send me the file debug.log? What block is it on?

Well the markets client breaks for change and splits your account into denominations. So I think if you have a lot of coins you are more likely to get consecutive stakes. You could certainly do the same thing though in the QT manually by sending yourself coins a few times. With a smaller balance then they should be pretty similar.

I think the max supply would not be reached after 10 years... it will go for a very long time. Also there is questions of if we add variable stake on the peg on frozen coins.

Yes that is correct. The probability of getting a stake is based on what size the input is. Also in the Markets Wallet, it splits up the coins into denominations. For example 200,000 coins would get split into 50k, 50k, 50k, 50k. This lets you get more consistent stakes because when you stake that amount is held in limbo for 120 confirmations or roughly 2 hours. Thus if within that 2 hours you would have a greater chance for another one. But you would need a pretty big balance for it to make a statistical difference.

There is not a cold staking guide yet although we do have a bunch of video tutorials and there is one for Steganography. The software even has a feature to forget the location of keys on exit so the hiding in images has a greater impact.

https://www.youtube.com/watch?v=BdJKttNPfIg&list=PLILfNPSQCo6yjFiwXY6-C-ikIDs6v2nHU

The feature is "key to image" it was actually also in the setup wizard. A few things to consider. When you hide keys in images be sure to backup the original key files (perhaps print them out on paper). When you have keys stored in images remember that when you send that over email or some internet service (although I am not sure why one would do that) then consider that some places compress images and that would erase the Steganography. This means when you hide keys in images make sure to not alter the image later.

It's a great feature for security because it makes your keys very hard to find as opposed to the all too common "wallet.dat"

So when staking over LAN for example, you go to Settings and Mining/Staking and then you enable staking. You also must unlock the wallet so it can spend. If you have more than one multisignature account you can add either one or two keys (depending on if you are cold staking) using the "Stake multiple accounts" feature. You can even donate stake profits however we recommend doing that to a personal wallet (don't use an exchanges wallet).

If you want to stake normally with both keys on one machine, then make sure both keys are loaded. If you want to cold stake, load only one key and load the second on the second location. Then in the staking tab enter the IP address. It will try to communicate and tell you immediately if it succeeds.

I should also mention you can spend from two locations as well using the 2 step send feature. If one key is loaded on one computer you can send a half signed transaction to a second location of yours via email or bitmessage. You can even set the 2nd location to sign the offer automatically. All of that is in the "Advanced Sending" in the send tab. There are a lot of great security options. It's like being your own bank.

Sure thanks. Yeah indeed running wallets in parallel you should change the RPC port so it may run. You should be able to do that in the config file. The Bitbay markets software sets it hard coded so it's best to change the QT's wallet config file if running both.


Also did you try yshurik's suggestion? He posted:

Hi, http method should be written in upper case

-X POST

(-x post will not work)

The supply is 1 billion. It grows 20 coins per block (every 64 seconds on average). Staking is a pseudo-random competition where nodes stay online in hopes to win a block. When they "win" they confirm transaction signatures and get paid the 20 coins for the service. So the staking is in exchange for a service, an actual persons computer checking validity of transactions to make sure they follow the protocol and avoid forks. The longest chain with the best consensus wins and that is the blockchain. Because to keep it clean someone needs to add to the shared history/ledger/block-chain.

The transaction fee is actually separate. The fee is paid per kilobyte based on the size of your transaction. You pay the fee to avoid flooding the network with spam and also because the more transactions a persons computer processes the more time it takes them. So this keeps the network safer against DDOS attacks. The transaction is extremely small, only a few pennies.

To see an example of transaction fees and how they apply to scale things look at Bitcoin. As the network gets flooded with transaction volume that Bitcoin simply can't take, transactions have now have fees up to 300 dollars! I myself have even paid that to send some Bitcoins. This is in the design of most crypto-currencies. It's actually proof the system works. As the network scales, the people staking or mining put priority on transactions that pay higher fees. So the system is self regulating.

Fees come out of your balance and you can actually choose how much you pay in fees. But if it's too low or lower than the protocol accepts (10000 satoshis per kilobyte) then it might not get into a block.

The reward of 20 coins each block actually comes from nowhere. It is new coins added to the supply. Those new coins are actually not spendable for 120 blocks to ensure the block was true.

The static amount of 20 per minute compared to a supply of a billion equates to 1% per year or 10 million new coins per year.

BitBay will hopefully not ever have the scaling problem Bitcoin has as we are more than happy to improve the system by either having nodes pool together to confirm transactions to help scale, rely on much larger servers to confirm transactions, increase block size, and potentially add a node reputation system and prune the chain every once in a while. Also we would store any fancy ETH style contracts in sidechains to take pressure off the main chain. Although none of that is implemented if anyone adds to Bitbay to improve those aspects those are the things I would suggest or do.

We always recommend the Markets Wallet to store the coins. The software is very powerful contracting software. However not everyone runs contracts, so if you wish to you can certainly use the web wallet. Actually, that is a very good question you asked. I think that the web wallet compresses the public keys so even if you did use the same private keys, it's probably not possible to import multisignature keys into the Markets Client and generate the same address (despite similarities). Although it would be easy for me to add support on that. Instead you would have to send funds from Web Client to Markets client.

However, if you use the single key Web Client, you can import that private key into the QT wallet. That is because the private key is in WIF format and public keys compressed.

If you want to stake securely we have actually one of the most secure staking systems in the world. It's called "cold staking" and you can stake using two computers over LAN. Basically load one key on to one computer and the second key on the other computer. Then you sign from the two locations! Both computers need to be synced and running the software. We have not tested this on two VPS however I think all that is needed is the correct IP and the port for BitBay to be open. It's a bit technical but a really cool, fun and secure thing to do. Since a hacker would have to compromise both locations.

With that said, even staking from one VPS using both keys loaded on one computer is still very strong. We have an anti-keylogger that is great to avoid keystroke loggers. Plus both private keys can be hidden in images. Always make sure you back up the original keys though of course. However be careful with VPS because of Spectre and Meltdown. These two new hacks can read what is in memory on a shared cloud host and maybe even some VPS. Although a hacker would read a password from memory this is what the cold staking was made to defend against. A hacker would not only need that password but the private key itself. I might need to check my signing policy to see when I clear those variables from memory when sending transactions. So yeah you can stake with one full node.

That is where we are headed. However remember this is like a combination of local bitcoins, craigs list, alibaba, ebay, freelancer, barteronly all in one! It's because of the versatility of the unbreakable contracts. The advantage we have over ebay is no fees, no escrow, etc.

The drawback for now is it's desktop software but we are very interested in a web interface. This requires a rewrite of Halo in JavaScript. With the continued success of the coin it's becoming more realistic.

The desktop software itself is pretty powerful the templates are meant to be as few clicks as possible. Also someone has worked on a bitmessage relay server to speed up messaging. And someone also built some electrumx nodes for fast connection to the network. So the user experience will continue to improve.

I'm almost done with my next template which will make it more user friendly to buy/sell. It has a shipping calculator (only useful for estimating larger packages). It also has auctions and even reverse auctions (where sellers bid for buyers). And so forth.

Hmm good question. Well I run RPC with the markets client using python and bitcoins authserviceproxy library and it works just fine. I'm not sure why you would get a blank response. I assume your RPC password and user and server=1 and rpcport are all correct in your config? If you run the markets wallet, it stores the data directory local to c:\bitbay\bitbaydata and if you run the QT it stores it in appdata. We will take a look at it and see if there is any reason for this.

Also any reason you aren't using the standard RPC port of 19915?

Great question, I have the entire code memorized and know where everything is. There is a couple very trusted members of the community who have a copy of the full code in case anything happens to me and they also have the whitepaper of my peg so a coder would know the way to do it.

With that said, my code is all in one file. It could really use a refactor and even be broken up into a library of extremely useful crypto tools. Since the software does so much other coders would benefit a lot from the techniques used. I would like to see a team of coders eventually rewrite it in JavaScript.

When I add things to the code I have to work with 50k lines of tedious changing and testing. I work slowly for that reason, careful to avoid typos. When I'm done we will give it to a team of skilled python coders who will rewrite and refactor it so it's nice and modular. It's worth noting that we are working with a strong coder right now who is doing some c++ and GUI work. So we are in the process of building up our team now that things are going well.

You don't have to cold stake, that is optional. Make sure you have both keys loaded (in the history tab it tells you how many keys are loaded). And also make sure it's unlocked and activated in settings.

Yes it's open source. However on the Python Markets/Halo client we change variable names to prevent easy cloning. Our decentralized markets exist. Other projects only have it on their roadmap as you have said. Also our markets are the best because we don't use arbitration. Arbitration on an anonymous crypto is a bad idea. They don't have vested interest and their judgement will be a coin toss causing loss for users, they can also collude and steal escrows or escrow their own deals by luck, and crypto is non-reversible.

Thus we have the tried and tested double deposit escrow AKA unbreakable contracts where both parties place a deposit of some size and both lose if one of them tries to cheat the deal. It's a "Halo handshake" like a self insured escrow. This is a huge feature because it can really benefit any industry (what industry doesn't benefit from an unbreakable contract)

We do market this however we are still building the team. Right now there is a lot of people helping to improve our marketing.

We have a bounty list and most of them are for marketing. However I'm the only coder who works on the core Markets Client (I started working on this 4 years ago in BitHalo). We have another coder who does JavaScript and some of the side projects like the poker site, the web wallet, the block explorer.

And then we have a couple volunteer coders who are doing things like the Bitmessage relay. And we also have one more coder who has worked on a new UI for QT and a dedicated Mac Wallet that isn't Wine.

Sure, let us know if you have any questions or check out our forum, slack or bitbay.market

 

The old QT wallet is simple the executable. Deleting it will uninstall it. However there are files stored in the folder c:\users\(your user name)\appdata\roaming\bitbay

However just remember in that folder is wallet.dat which contains your account so make sure to back that up or move funds out of that wallet before you intend on deleting that folder.

Actually if you read my response above you will see the "poker" platform was actually a side project by Anoxy which was actually complete when I got it but I asked him to make it multisignature so that exchanges can learn from our example so that users funds are not in jeopardy after a clearing process. It's a great model for an exchange.

To be honest, the Christmas event was simply part of the roadmap and I didn't even write the roadmap. It was cool that they saved it as a surprise. No other coin had anything for their investors on Christmas, personally I think anyone who reacts adversely to a gift is not thinking clearly. We not only gave our users that platform for fun, they also did a giveaway with Steganography which really kept people engaged to our twitter and forums. We didn't get anyone's hopes up so the hype may just be due to investors themselves who blew up our twitter hyping the event. Our core marketing team has been thinking of fun and creative ways to keep users engaged which is a lot better than other coins who pretty much didn't give their users anything for Christmas. What did Litecoin give their users for Christmas? Another Tweet saying "dude Bitcoin gold, Litecoin silver" lol such fundamentals, so fashion.

Any event that is over-hyped can result in an anticlimactic feeling for people when the event ends.  I'm about to finish my next template and that is the development that really matters because it means one step closer to finishing everything on the roadmap.

Do you get all your information on Twitter and have you bothered to look at the site or download the software? The poker thing was a side project. I'm the dev I didn't even work on it. I only coached the guy who made it because he already gave us the platform and I explained to him that multisignature with front end security was the way to go for his exchange he was thinking of building so we tested it on the poker platform. If there was a multisignature exchange it would have saved consumers BILLIONS of dollars (Mt. Gox, Mintpal, etc) you are casting it off as a poker site but it's actually a pseudo-trustless exchange/poker site due to the security model. It is extremely valuable code and could currently save exchanges from hacks. Don't judge a book by it's cover.

This coin is about unbreakable contracts which can revolutionize the world as we know it. My software Halo was the worlds first to even have smart contracts years before Ethereum and it is STILL to date, the only peer to peer contracting platform in the world. This software transcends e-bay. It's like e-bay, alibaba, barteronly, localbitcoins, freelancer combined. Because contracts can be made without the problem of deception (double deposit escrow) it can help so many industries. Also the rolling peg like I said is an entirely different beast and it will curb this volatility you see in crypto by freezing and unfreezing coins.

And if that isn't enough this was the worlds first decentralized markets with built in IMAP as well with hundreds of other features.

So what do you refer to by this alleged "house of cards" that I've busted my ass off for 4 years to build? Have you ever built software before and are you aware of how much work it is?

This comment I'm going to highlight because it shows how little you understand about crypto:

There is over 1 billion tokens but nobody except from those who are behind all this know for sure how many more billions tokens they will create, in the long run. It would be nice to know how you guys distribute new tokens. Do you sell them in pack of 50000 each and put the profit in your own pocket?

This might be the dumbest question ever asked on this forum. First of all the coin supply is fixed at a billion. In Bitcoin and ANY altcoin you can't "create" more coins from thin air that is not how it works. Coins work by "proof of work" or "proof of stake" and coins generated through competing for blocks. So stop what you are doing and first go research how Bitcoin works. We don't "distribute" new tokens. If you buy 100,000 tokens and you stake it you get 1-5% per year in interest and thus you get new tokens. That is what secures the network because the people who win new tokens check signatures on transactions.

We don't have "more unbreakable contracts" than what? That wasn't even a sentence. Download the software before you really make a fool of yourself. I'm the ONLY coder of Halo there is no other blockchain that has double deposit escrow AKA unbreakable contracts.

The team behind this is not from Poland. You are confusing us with Bitbay.net. We are http://Bitbay.market.

Who are these "people" or "team" you refer to? I'm the dev of BitHalo(BitHalo.org), BlackHalo and BitBay (bitbay.market). I've been coding for 4 years you maybe have this project confused with something else.

Also we CAN handle critics but we won't deal with FUD, lazy research, insults that are based on lies or false (like that we are from Poland which we are not or that code was taken from other projects which it was not or you just literally making up how you think crypto works to accuse people of pulling coins from thin air).

If you keep saying things like that your comments will simply be deleted for baseless FUD. Responding to you is a waste of my valuable time. We do pride ourselves on good customer service but check what you say before spouting off about things you don't know about.

Oh geez a brand new account coming here and asking for "realistic" opinions after throwing a slew of insults. I have a better idea, how about next year you guys get nothing for Christmas instead of a poker platform that took one of our devs a year to build. Not to mention the worlds most secure poker platform. Bitbay.com isn't selling their domain. We NEVER market ourselves a the new "ebay". First of all we have unbreakable contracts which in of itself is totally world changing. It doesn't just apply to sales but employment outsourcing and barter. Also we are planning the rolling peg which is an entirely different beast.

So next you complain that the price was a little bit higher last week? You realize this is crypto right? What is with all these new investors who don't seem to understand that a coin going up or down 50% a day is what investors like to call "just another normal day". Bitcoin is down 40% should investors reconsider their position in Bitcoin too?

Okay so look at the chart a year ago we are up 5 times. If you want quick gains I recommend you go to Las Vegas. It sounds more like you wanna gamble instead of invest. 

There is a big difference between a dynamic rolling peg and a hard peg to usd. However that seems very unlikely that they would have such a feature completed overnight. I suppose it depends on the technique they wish to use. Not sure why people think that Bitcoin forks are somehow different from an altcoin. In my point of view a Bitcoin fork is an altcoin until it becomes universally accepted as the original Bitcoin. Bitcoin Cash is the only fork that could potentially replace it because it was done due to a very big technical debate that in my opinion hasn't truly ended.

Blockchain bootstrap doesn't work with Mac, we used to have a pre-synced Mac build in the site directory. If it's stuck at 60% does he have sleep on his Mac where maybe hard disk was turned off or interfered?! Or did he ever force close it or not shut down properly. If so he might need to sync again. The blockchain files are inside the app package in c:\bitbay\bitbaydata

Well of course taxation is theft. However I think on every trade you also could have capital loss and the capital gains you pay depends on your tax bracket. I was seeing there is no need to pay gains if you are under a certain amount of gains. There is 100k foreign residency deduction (but that might only apply to income) and other things.

Regardless of how you cut it, crypto is better than dollars and this is their attempt in fear to control it. They have been making lots of big moves lately and it won't matter. Net neutrality, a horrible real estate tax law, no 1031 on property, immigration restrictions, etc. All it's gonna do is make people leave America.