Hey Munti, thanks for the reply.
The reason I'm wondering if I'm not on the right chains is because I use two other POS wallets, and while I occasionally get an unaccepted mine transaction on those, my BitBay wallet has had a number of mined transactions at this point, and none have been accepted.
That's only happened on one occasion with one of my other POS wallets when I had forgotten to download the new wallet version and was told I was not on the correct chain on their slack. After downloading the new version of that wallet, the issue went away and the majority of my transactions were accepted.
As far as I can tell, I'm on v2.0.0.0 of the QT wallet and I've left my wallet online since the earlier posts but none of my transactions have been accepted.
I restarted the wallet to see if that fixed it, but everything is still coming through as a "?".
Any ideas how to fix it? Or maybe it's just very common to have unaccepted transactions with the BitBay wallet?
When did you download our QT wallet? The updated wallet was after the first of November. |
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Hello, Mr. Zimbeck.
I know you are mentioning a Peg right.
I was thinking if you can't create some kind of "pragmatic peg" / dynamic peg? I mentioned this to craig but would love your response David. What I mean by this type of peg is that, you want the currency to be stable for traders, however investors also want to profiteer out of the currency. Why don't you make this, and I label it a dynamic or pragmatic peg, so that the value of the transaction remains the value at the time of the contract's creation, however the currency itself can continue to appreciate (or this peg may be a time-stamped OPTION for the traders / users of Bay rather than an ENFORCED standard/peg, what do you think?), while smart contracts lock up their value relative to the value at the time of their creation, and changes with the fiat changes or other changes, but in this lock or contract the BAYS would retain the old value at the time of the creation? Do you not think This would serve a better, unified dual purpose, kind of make the currency "two-handed"? I'm not very smart, so I'd love to tell you how this is maybe a stupid suggestion... But I think a peg could kill it as something that people want to POS stake their wallets in unless I think my suggestion can be successfully implemented? I don't want to impose my opinion that's why I'm asking, I really think it might be a good idea, although I'm not quite sure exactly what I mean, you see? Do you?
Also, the layout of the market really still. When you open it, I studied [also business linguistics in a 4 year BA in linguistics and literature] with and was also a web/graphics designer for years (my dad's a comp. science lecturer, I call him Cannibal Lecturer we don't get along - no, not Hannibal Lector...), and there is a "visual grammar" (a term used in business linguistics) and I can tell you now that your market place needs visual lay-out readjustments. If you are willing to listen to some advice regarding that I'd really appreciate if you'd PM me. I've had to create this new account as its been over a year since I've been on here.... and my other details are just mangled and the damn security question threw me way off...!
AAaaanyways - who wants to hear my opinion? Its not about my opinion, its about what I know more mature business professionals will think about this software based merely on its appearance, this in relation to business linguistics schemata (reference frameworks - I don't want to cite academic literature here). I don't want to be rude since I am also still young at heart but some of your "rants" regarding your defending your honour understandably from two treacherous rats, by them [your rants about the rats who envy you your integrity] I could already guess that you were not already in your mid-thirties, but I didn't want to be rude and ask Craig, as I had peppered him with questions via email. Today I went to the "Team" section of bitbay.market and as I had guessed you're quite a young guy - with a lot of fucking integrity and pragmatism. Fuck, Mr. Cinderalla is home alone again on Saturday. God. Involuntarily hermitized by society. Oh well. I love being alone, but do sometimes feel lonely. Awooooooooooooooo HOOOOOO!!! HAHAHA!
And the mentioned details by cryptohunter are awesome but they are so intricate and futuristic that I'm afraid only technocrats would appreciate it. Its not an "intuitive software". It needs to somehow be more accessible to dimwits like myself due to its wide variety of use cases, especially making people understand that they don't need an executor of an estate in order for their children to receive the funds, but can actually trust a machine to do it? Most people wouldn't trust "a" machine, of course I use that as metaphor, I'm not being literal.
Hey there so you should look at the peg design and you will see it was designed for investors. It is a "rolling peg" similar to an economic crawling peg which means we can slowly cause the price to go up by freezing and unfreezing coins. It's a dynamic supply system. Also doing options on the chain won't necessarily force stability as they can be gamed. We all agree with you on the GUI and will eventually want to reposition everything. Feel free to send feedback on low hanging fruit, what you think might help improve the visuals in the interim. Haha I loved that comment about the treacherous rats. Indeed it was my instinct to defend my honor and perhaps I didn't have to and just let time prove otherwise. It's been an adventure I guess, it's almost automatic that those who are visionaries or have creative energy often find themselves alone or "hermitized". As for needing or not needing executors we already have "dead mans switch" supported in the software so you can will coins to someone else using checklocktimeverify. It's fully supported in our user interface, I think the first client ever to do so. |
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‘Triangulating’ ? ...lol  ... i guess this is GM chess brain 🧠 talking ... David must have studied his end games really hard Hahah I see you're using a chess name. You might be interested then in my puzzle work. You can find it here at www.zimbeckchess.comAlso the world triangulate can also be used for radio signals, computer vision and other fields and usually references using data from multiple locations to calculate the position of another. In chess triangulating happens more often when you are in zugzwang.  |
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The price of BITBAY is going through the inevitable profit taking. Investors who have a deep understanding of this project should take chips. Don't be washed up by dog farm.  I've never been under the opinion that selling something for less than it's worth is efficient profit taking. Imagine the people who sold Bitcoin at 30 dollars after they made so much money and then seeing Bitcoin drop to 2 dollars and then shoot up to 10,000 dollars. BitBay traders should consider that selling so aggressively prevents us from being on page 1 and also sustained spikes encourage new people to enter the market. Thus holding is by far more profitable than selling. Plus when you sell you can't predict the next spike and could thus lose your position. But that is just my personal opinion I understand that everyone wants to buy Monacoin or Dogecoin perhaps because their awesome lack of utility.  |
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BitBay is a realy neat idea. I am certainly for a free market without boundaries oppresed by governments. But this also brings risks with it. Will BitBay operate in plain sight? If so, wouldnt it be a thread for users and sellers if they break the law in their countries to access the website and do stuff on there? I mean officials can survey whats happening online right?
it is a decentralised market place with no single point of accountability. Yes if you are a user selling stuff you shouldnt you are accountable and if traced you could be fined or punished according to the country you live in. I don't see how this is an issue. If you do something illegal and get busted thats the risk you take. Bitbay i think can already run through tor so if they wish to try and hide they can but thats their call. Dark markets for all things will always exist in some form or other you can never stop them. Bitbay is aiming at a legitimate market place (but to me that is one tiny use case for bitbay) Great response maybe even better than mine lol... yeah I think TOR can be tracked actually by controlling exit nodes but maybe the devs would argue otherwise. It is a bad idea to use TOR+Bitmessage or TOR+Bitcoin because it makes triangulating your IP easier supposedly. That is why we recommend only TOR for URL requests. Also I think Bitmessage is superior to TOR in some ways because to subscribe to a market you share a decryption key and nobody can possibly know you hold that key. And since messages are passed around to everyone and only kept for 2 days people keep passing messages and make it almost impossible to know who sent it. Although it's possible maybe to control a ton of nodes and figure it out?! The suspicion would be speculative as messages hop from node to node anyways. I've yet to see an attack that compromises it. |
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BitBay is a realy neat idea. I am certainly for a free market without boundaries oppresed by governments. But this also brings risks with it. Will BitBay operate in plain sight? If so, wouldnt it be a thread for users and sellers if they break the law in their countries to access the website and do stuff on there? I mean officials can survey whats happening online right?
This has been covered before in several posts. We ask users not to do that (despite the fact that they do so at their own risk). Doing so prevents commercialization of the powerful ideas it portrays. Despite it being decentralized it is somewhat self-moderated. There is a mod key which is shared among dedicated noble users, anyone can use that key. It's not censored per se (no more than one could censor Bitcoin or uTorrent) but it's more of a fail safe because we can't anticipate the future or what will be requested of whoever is coding this at whatever given moment. If something is on the markets that shouldn't be there is brought to the attention of the community it would probably get removed although it's a volunteer system and the team or investors shouldn't be expected to be responsible because indeed it is peer to peer (how can anyone possible moderate the entire internet). So yeah in our disclaimer, we tell people it's simply a protocol that is peer to peer, we don't encourage anything that would get anyone hurt and hope to see the concepts of decentralization become popularized. Just like on uTorrent, if you share an illegal torrent it's the person sharing that gets in trouble not the programmers since they don't endorse that, they simply make peer to peer software. Also Bitmessage requires a little bit of proof of work, so spamming it is not easy. |
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Someone uses blackhalo wallet. Now blackhalo wallet can't update data ， His blk cannot be transferred.
How to import blackhalo private key into QT wallet? Who knows? Thanks very much ！
Is Dzimbeck here?
Hey so you can't import keys because Halo is multisignature. You need to send funds from the Halo wallet to the QT wallet. Also I don't know what you mean by "can't update data". Is it synced? Is he running the latest version? You can PM me with any questions. Blackhalo can not synchronize , Is there a way to solve it? Can you give me the data you have done synchronously? Upload to the network hard disk. I can download it. Thanks very much。 Hey if it doesn't synchronize have you considered deleting the blockchain files and starting again? BlackHalo stores blockchain locally at c:\BlackHalo\data and you can see a file called debug.log there which will tell you exactly what is going on. If you send me that via PM I can tell you why it is not syncing maybe it got stuck during the upgrade. You can choose to delete files the data directory (EXCEPT wallet.dat)... and then you can see it sync again. If it doesn't sync still then consider the nodes are not up to date and you can add more nodes from chainz in the blackcoin.config file Does the software load and connect? When it connects what part is the sync bar stuck? Also I'm usually very busy coding but if you can't get me here you can always PM me. |
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im quite interested to see the web wallet and even more interested to see the web market place once it come online.
I hope we can rope in some nice ui and web designers to make it awesome in the near future
Hello, I agree Cryptohunter, its been a long tough road but the Davids efforts and everyone involved is finally paying off. I have yet to see the new web wallet but I have seen glimpses of the upcoming UI redesign. Everything is much improved but especially the daily volume, that is the most important for the upcoming PEG. Thanks RQDxRocket i couldn't agree more. The great thing is we have so much more than most projects but there is scope for even more to be added that will increase value before the peg. I would expect 50 cents - 1 dollar is not impossible per bay before the peg is switched on and indeed that would be sensible for a fully functioning polished version of the bitbay roadmap in relation to other projects and what they ACTUALLY offer. I mean I would say this exceeds what is offered by almost every other alt with the exception of perhaps eth. There are only a handful of projects that come close to being as interesting as bitbay with proven devs like david. Those caps are magnitudes higher than bays. agree on all that wish I had more than I have. which is not much but am looking forward to staking as the current 1.5 is pointless really, the 20 is worth it which is coming soon Exactly at last some incentive to hold other than just the advancements in tech that david is providing. I think there can be even greater expansion in this giving incentives to accumulate and save bitbay. Also I kind of like the direction we are going now. 1. making accessible to laymen and others who do not want the hassle of using most blockchain based currency 2. making it easy for businesses and others to use bay under-the-hood and build out applications on top of bitbay core. Once the api is ready and other dev teams can build things on top of bitbay I think you could see extreme vertical growth. would be nice to make it easy for other projects to launch their own projects using bitbay as they can with eth and other platforms in the future. even with the current roadmap completed there are still so many other ways to build and attract people to bay... I'm excited about the peg but I think it should be pushed back until bay reaches a sensible valuation for what it provides already. I would target 1 dollar. Once the market place takes off it will crush ebay on international purchases as soon as sellers/buyers realise there is probably 30% or greater profits here on the product alone. The new auto included international fees are ludicrous on ebay now. It has killed the import/export market for small traders. This will change with bitbay. The peg will be very useful for the marketplace to really take off huge but once it does it will suck up so many bitbays in DDE contracts that I don't think many persons realise the possible effect that could actually have. The market place as an ebay replacement though is but one tiny use case for bitbay. I mean the applications are almost endless. The most frustrating part is just waiting for it all to happen but at last progress is tangible and it is nice to see the bitbay team growing and helping david with things even if it is not core coding. Still the help with testing and other tasks is apparent now. I hope they can keep growing and growing this team. A funding mechanism is the next big thing that we need to think about but I think the savings bonds could certainly provide not only that but extra incentives to accumulate and hold. So for instance you are saving not only for extra interest but also for the knowledge that you are donating partially to extra development that again cycles around to increasing value of your savings/holdings. It's funny when consider the laymen, I was just in a conversation yesterday with a person who is a good sounding board for your average consumer. It was good to get feedback. Because as a programmer, we see the technical and overlook the simple explanations we can give people to bridge the gap to the project. We should keep our messages simple and strong. Interestingly he was most excited about the peg and he seemed to easily grasp the ideas because he works in traditional investing. He really loved the idea about variable interest on frozen funds too although I don't know if we will implement that in the first version of the peg. Maybe when we test it with a demo client we can get more user feedback on it. |
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I have long liked this coin and I always wanted to buy it BUT. As soon as I came here to read about it there are not good people about it wrote very poorly. And I was scared to buy it now very much regret
Well what is most important is the quality of the software and project. I've always thought we explained things very well on this thread and are usually quick to respond to questions. We have a pretty large community too so perhaps you didn't ask the right people. Nonetheless if you have any questions we can surely answer them. |
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Someone uses blackhalo wallet. Now blackhalo wallet can't update data ， His blk cannot be transferred.
How to import blackhalo private key into QT wallet? Who knows? Thanks very much ！
Is Dzimbeck here?
Hey so you can't import keys because Halo is multisignature. You need to send funds from the Halo wallet to the QT wallet. Also I don't know what you mean by "can't update data". Is it synced? Is he running the latest version? You can PM me with any questions. |
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Makes sense that only having the marketplace client would increase the use of it. I am rather advanced when it comes to computer tech, I use various Linux flavors depending on changes to the OS versions. I have tried your marketplace on windows and various Linux all about the same problems. I think making the marketplace client more noob friendly would be a step in the right direction to attract the average user IMO.
That is what the templates are for. I'm working on Buy/Sell anything now and it will have auctions and reverse auctions too. I've been spending the past year improving performance. Consider this is like inventing a new color. Making decentralized markets stable and not drop messages was important to tackle first. Also to ensure the security and anonymity of Bitmessage etc. I would agree, I do prefer brain wallets to files. However I think wallet.dat is extremely unsafe. For example, they get corrupted because it's constantly writing to it and we've seen people lose wallets due to file corruption on QT (happens on Bitcoin too). I've seen people lose or drop hard drives and then realize wallet.dat was in the users directory and have issues with recovery. Also it's in a hidden folder in an unintuitive location. The two keys in the markets client is much easier, not mutable like wallet.dat, can be hidden in images and safe from hackers. Realize that the majority of hacks are from someone you know. Also, I noticed about disconnects. Those don't happen in the newest builds as much (maybe still on some Macs but we haven't gotten reports lately). The goal is to start using electrum nodes to be redundant. And lastly it took years for Bitcoin to catch on. Using double deposit is starting to catch on as people realize Bitcoin has no reversals (unlike credit cards). So the only true way to trust anyone on a crypto is DDE. I think this takes a while for people to wrap their minds around. BUT consider someone sold land on the markets, someone sold a gold chain, gems, hat pins, game codes, IOTA tokens etc. We do get a lot of people on it just there is a lack of volume which is getting slowly filled. And we have yet to tap the potential on employment contracts, barter, binary options etc. We get a lot of people taking faucets. I know because I see multiple reputation attempts come in daily. We are living in exciting times. And by the way thanks for being a long time holder to everyone who has been so patient to watch this project totally come out from the dust. It's awesome to be a part of. |
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Hi all,
Sorry if this has been asked a million times but here goes...
1) I have just downloaded the QT wallet today so I just need to confirm I do not need to do anything with the wallet or my coins for the upcoming fork?
2) I have just moved my coins from an exchange to my wallet, how long until the coins are "mature" and can start staking?
Thanks
1. Correct. The wallet will handle the fork automatcally. 2. It takes two hours for the coins to mature. Thank you!  One last one ... If I add coins to my wallet I don't need to re-save a back up every time I make a transaction do I? Really new to this so these are probably ridiculous questions Cheers Remember, your coins are stored on the blockchain, not in your wallet. As long as you have your private keys or, a copy of your "wallet.dat" file, you have your coins. The wallet simply reads the blockchain and looks for entries that match your address and presents the relevant totals to you. Actually it depends though. If someone generates new addresses in their QT wallet it might be a good idea to make a new backup. Since their wallet.dat is a collection of keys. I don't think it's deterministic. In the Markets client we always use the same key pair which is safer in that regard but potentially weaker to cryptoanalysis. Although to date there is no proven cryptoanalysis technique for reusing keys. |
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When I did it, I created a custom script in Python. Is this the wallet.dat file or the Markets Client keys? Remember the Markets Client if you had a password on both keys you might have not noticed which one it asked for first. If you need more advice, hop on Slack and we would be happy to help. |
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I just realised there isn't any Mac QT wallet yet for the new fork.
That is correct it was abandoned because it was too risky to combine Wine and QT because users didn't realize their wallet.dat was stored inside. We might eventually build a dedicated Mac QT build (not Wine) but currently it is low priority. Also it is a .zip file... when I compress in Mac it uses zip by default so I think that is fairly standard. |
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I set up my QT wallet 1 month ago. It says version 1.2. Is this the newest version? I can't seem to find a new wallet.
Actually I forgot to change the version number on the QT. The newest wallet download was November 1st you can update just to be sure. The markets client should notify you automatically. |
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I have forgot my passwords -.-" what do i do?
Brute force. If you know some of the words, you can try to recover it. I did it once for a user who knew the words but it was a variation of upper and lower case and numbers. So it depends on how complex your password was. |
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I finally installed the QT Wallet and its fully synced and I've moved my coins from Bittrex to the wallet.
Can anyone explain to me how to begin staking? I've already unlocked my wallet and checked the "For Staking Only" section. However on the Dashboard I see the following:
Spendable: 12000
Stake: 0
Unconfirmed: 0
Can someone tell me what the Stake: 0 means? Am I not staking anything right now?
If your wallet is unlocked it is staking. The point of staking is to verify transactions on the network effectively distributing and protecting it. So the whole thing works by probability. If you keep your wallet connected you will net 1-5% a year depending on how many people are connected. Usually most coins never have more than 30% of the supply staking so you can expect up to 3%. Your rewards will come in randomly as long as it is unlocked for staking. You can see here exactly how many people are staking and who is winning blocks... https://chainz.cryptoid.info/bay/#!extractionAlso for those people who have not updated to the latest software since November 1st please do. Since I've noticed about 55% of the users have updated. You must update before the 30th of November. |
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OP thank you for making this image! Awesome work, will become very useful when explaining the differences between the BAY platform and the various other decentralized marketplaces in the future. It is especially not useful in that. Please do not do that for it is misinformation. We will coordinate a proper one talking to munti and david near xmas. Hey Sid! Hope you are doing great man. Hit me up on Skype sometime would be nice to chat. |
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Do you mean by hosting pre-built binaries? The binaries are on our website bitbay.market ... mostly because they are very large packages and would exceed githubs storage limit. So the only binaries I would be able to host there is the QT which will eventually become obsolete. No, I just mean a tag or release tarballs like other coins do. It's convenient to build a wallet from release, not from particular commit. Oh yeah, good point. Well maybe at some time in the future. For now just build the most recent commit for the QT and for the markets client you can download the package on our site or the binaries. |
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Do you mean by hosting pre-built binaries? The binaries are on our website bitbay.market ... mostly because they are very large packages and would exceed githubs storage limit. So the only binaries I would be able to host there is the QT which will eventually become obsolete. |
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