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My take on it is that, Breitmans were no longer happy with the deal after they saw that ICO raised a lot more than they expected, so they could be basically threatening to sabotage whole thing, unless they get better deal.
They should have known that going public with this would hurt Tezos, but they did it anyway.
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Viacoin on Ledger !
After writing the code & the 20K payment it took some but Ledger finally added Viacoin !
I would like to thank everyone who donated to make this possible.
This is great, now people can move their Viacoins of exchanges and put them in their Ledger hardware wallet.
Support for Both the Nano S & Blue.
Ledger official tweet: https://twitter.com/LedgerHQ/status/920674342828216320
 Another great step forward for Via. Market will notice and react eventually |
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Looks like the team gave control of the funds to a swiss foundation so there is no money for development. Or, it could be that the breitmans had no intention of ever launching anything and this was just a money grab scam to begin with. Either way, it looks like all may be lost.
Number 1 rule in crypto: Never go all in on anything.
Enough with baseless accusations Idk what's going on but my accusations aren't baseless, the team hasn't done any development since the ico I'm just giving possible reasons why. There is no reason whatsoever to suspect that it was a "money grab scam". Anyway, when Tezos is finally released on exchanges, this whole thing won't have any effect on a price, so I'm not sure what your motives are. This was the biggest ico to date, took in a quarter of a billion dollars worth of crypto. The launch date promise was 2-3 months, and here we are going on 5 months later to be told they lost control of the money. WTF MOTIVES DO YOU THINK I HAVE BY RAISING DOUBTS?! Launch date promise was 4 to 6 month or even beyond. I specifically remember reading the warning not to invest if I had problems with that. Disputes like this happen all the time when there are a lot of people and money involved. You may have doubts, but claiming its a scam is something else. You could have different motives if you are not investor. Or you could be panicking, I don't know. |
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Looks like the team gave control of the funds to a swiss foundation so there is no money for development. Or, it could be that the breitmans had no intention of ever launching anything and this was just a money grab scam to begin with. Either way, it looks like all may be lost.
Number 1 rule in crypto: Never go all in on anything.
Enough with baseless accusations Idk what's going on but my accusations aren't baseless, the team hasn't done any development since the ico I'm just giving possible reasons why. There is no reason whatsoever to suspect that it was a "money grab scam". Anyway, when Tezos is finally released on exchanges, this whole thing won't have any effect on a price, so I'm not sure what your motives are. |
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Looks like the team gave control of the funds to a swiss foundation so there is no money for development. Or, it could be that the breitmans had no intention of ever launching anything and this was just a money grab scam to begin with. Either way, it looks like all may be lost.
Number 1 rule in crypto: Never go all in on anything.
Enough with baseless accusations |
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A lot of coins seem to be moving over to slack. I am a tad sad about that. I do understand that it is easier for the developers but I like the Forum style.
Couldn't agree more and the issue is once they move to slack and leave the thread to look dead the project appears dead to the noobs arriving here looking for active projects. Most of the coin discussions are moving to other places. Looks like forum is slowly dying |
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That article was written 70 years ago in Crypto time. |
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Im trying to get this wallet sync. It downloaded 255GB in one day. I check my drive space nothing happen? Uploading isn't even over 256 MB. I don't get what is it doing for one day?
255GB? Which wallet version are you using? Try Viaelectrum. It is easiest to use https://vialectrum.org/ |
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A successful project have the most haters and criticism. The more attention IOTA gets the more victorious it will become in years to come. That's why I bought more IOTA and ready to buy again from dumpers!  Bad attention is good for ratings, because people love scandals and are amused by it. But this is not a TV, IOTA is not Kim Kardashian and spectators are investors, not bored housewives, and I don't think anyone here finds it amusing. Pity, I'm seriously considering investing in IOTA and this thread makes it more difficult. |
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This coin is amazing, I've seen coins pump for a promise of what BAY already has. I was very excited to find a coin this cheap, but this part really bummed me out - How can the freezing/hedging system peg Bay to US$, and how is it possible?
Bay is made to be used by ordinary consumers. They want a currency with a predictable value and without volatility. For example, by deflating the currency, we can make supply match the demand on exchanges. This means we can keep the price equal to a peg price (for example $1). Pegging can be done by controlling supply. By freezing a percentage of the Bay in everyone’s wallet we reduce supply to a level where it meets demand at the price we want.
If coins get frozen then can I still sell them?
In order to allow for a healthy and liquid market, we are considering allowing the sale of reserve coins. However, the condition is, you must lock the coins for 3-6 months and the new buyer will only receive them as reserve. This can allow for new people to enter the market with a long term investment. It may also be useful for large purchases without effecting the price, deposits without using liquid coins or even peer to peer good faith sales or exchange. There are many advantages to frozen assets like lending against them, giving discounts and large swaps. So it basically takes away the whole beauty of Cryptocurrency. If consumers wanted predictable value determined by small group of people they would not get on this market at first place. We already have predictable USDT. Plus you are restricting investors to use their coins and they are not allowed to sell it whenever they please. Crypto is still in embryo phase and its exciting to watch how it develops and where it can go, and rolling out "Pegging" now, in the wild west, just bores me. I don't think you are grasping the wider implications of the peg. It will certainly not take away the excitement at all, well not for current investors anyway. Also I believe there will be no small group deciding anything that is why the voting is there for everyone. I think the pegging could be enhanced by tiered pos levels already set in regarding amount of bay held and duration of the holding. I like the pegging but also i think there are more strings to bays cap that that. I like the decentralised explorer for mobile lite versions of bay and the api and possible side chains, dpos pruning and everything else david is thinking about. When you have a developer like this then many things become very possible not just dreams and talk bullet points on a white paper that may as well be toilet paper. Time is our biggest problem but still I think we are quite ahead of many other projects chasing their dream that is our reality. "Not for current investors" thats the keyword. Only reason someone would buy BAY in the future will be solely for purchasing something else. Since coin will no longer be volatile, there is no point to invest with hopes to sell it later for higher price. Also you would need to freeze at least 95% of coins to keep the price at 1$. If marketcap is 20 million right now and you need to bump it up to 1 billion, you have to freeze 98% of coins. I like other features too, but pegging is something I strongly disagree with. Still invested 10% of what I was thinking to invest. Just to see if I will be proven wrong. I believe the pegging will never be used to bring 20M to 1BN in one big jump that simply would not work out at all. Like you say 98% having their coins locked forever would not go down well. I guess it will be vetted on demand at the time. The peg is very complex and I was told it can be used to create huge pumps and even dumps if it was required. I mean it would be able to magnify market sentiments. However, yes the pegging in times of extreme volatile market conditions could be briefly activated to ride out the storm. To be 100% honest I am not sure exactly how it works but I am guessing nobody will vote bay to be dumped since the voters are bay holders. Even if the peg was able to flatten troughs and spikes better than any other coin I expect the uptake of a very stable decentralised trustless currency would attract many more vendors than any other CC. Therefore just the adoption and uptake on a mere 1BN tokens could have a huge positive value increase. Like yourself (maybe because I don't understand it fully) I don't think it is the best of bays features merely another string to its bow. I like (maybe because i find the simple concept easier to understand) the idea of tiered pos levels depending on amount and duration of bay held much more likely to cause price stability and over all increase. I'm sure david will reply soon to explain how the pegging works exactly and my idea about it is perhaps not correct. The problem is, whatever price you set for bay, it won't matter for current investors. result is all the same. Whether you make 20M to 1BN jump and freeze 98% of the coins, or 20M to 40M and freeze 50% of the coins. That remaining 50% will have exact value as remaining 2% and value will decrease overtime because coin is not backed up by anything (unlike USDT) other than demand, and the whole point is, there is going to be less demand if BAY has fixed price. No it won't have a fixed price. It's price is determined by supply and demand. If the supply is low and the demand is high, the price will rise. Period. If you have 40M and 20M don't assume the price or marketcap will be the same. Because at half the supply it will be cheaper to buy up the liquid coins. The total marketcap would be the same but the price would potentially be double or more. Example, if you have 40M coins at $1 and you go down 50% to 20M then you have less liquid coins. At the exact same level of demand price could go to $2 at 20M Thus the marketcap of liquid coins might not change(but it could) and the price would most likely double(but it can certainly go higher). In this case it means you sell half your coins for the same value you would have sold all of your coins. The rest of your coins you hold in reserve in case demand increases etc. So no, this is not a fixed price whatsoever. The community simply has more control over the supply and we can use algorithms to achieve our goals as well. Okay. Please explain this to me then. You either say that coin is stable or say that it is not. You can't have both. Now, if BAY's price will increase if there is higher demand, then it will decrease when there is lower demand. Period. If thats the case, whats the point of pegging? whats the point of freezing coins? Your point is, if there is a less demand you freeze more coins to maintain the price, but in reality, you will have to freeze more and more coins if there is a less and less demand and I get less and less real value from my accessible coins anyway. Its like a robbing a Peter to pay Paul. Edit: What you do is, deny the smart traders, who can foresee that BAYS price will drop, opportunity to sell it all when its most profitable. |
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This coin is amazing, I've seen coins pump for a promise of what BAY already has. I was very excited to find a coin this cheap, but this part really bummed me out - How can the freezing/hedging system peg Bay to US$, and how is it possible?
Bay is made to be used by ordinary consumers. They want a currency with a predictable value and without volatility. For example, by deflating the currency, we can make supply match the demand on exchanges. This means we can keep the price equal to a peg price (for example $1). Pegging can be done by controlling supply. By freezing a percentage of the Bay in everyone’s wallet we reduce supply to a level where it meets demand at the price we want.
If coins get frozen then can I still sell them?
In order to allow for a healthy and liquid market, we are considering allowing the sale of reserve coins. However, the condition is, you must lock the coins for 3-6 months and the new buyer will only receive them as reserve. This can allow for new people to enter the market with a long term investment. It may also be useful for large purchases without effecting the price, deposits without using liquid coins or even peer to peer good faith sales or exchange. There are many advantages to frozen assets like lending against them, giving discounts and large swaps. So it basically takes away the whole beauty of Cryptocurrency. If consumers wanted predictable value determined by small group of people they would not get on this market at first place. We already have predictable USDT. Plus you are restricting investors to use their coins and they are not allowed to sell it whenever they please. Crypto is still in embryo phase and its exciting to watch how it develops and where it can go, and rolling out "Pegging" now, in the wild west, just bores me. I don't think you are grasping the wider implications of the peg. It will certainly not take away the excitement at all, well not for current investors anyway. Also I believe there will be no small group deciding anything that is why the voting is there for everyone. I think the pegging could be enhanced by tiered pos levels already set in regarding amount of bay held and duration of the holding. I like the pegging but also i think there are more strings to bays cap that that. I like the decentralised explorer for mobile lite versions of bay and the api and possible side chains, dpos pruning and everything else david is thinking about. When you have a developer like this then many things become very possible not just dreams and talk bullet points on a white paper that may as well be toilet paper. Time is our biggest problem but still I think we are quite ahead of many other projects chasing their dream that is our reality. "Not for current investors" thats the keyword. Only reason someone would buy BAY in the future will be solely for purchasing something else. Since coin will no longer be volatile, there is no point to invest with hopes to sell it later for higher price. Also you would need to freeze at least 95% of coins to keep the price at 1$. If marketcap is 20 million right now and you need to bump it up to 1 billion, you have to freeze 98% of coins. I like other features too, but pegging is something I strongly disagree with. Still invested 10% of what I was thinking to invest. Just to see if I will be proven wrong. I believe the pegging will never be used to bring 20M to 1BN in one big jump that simply would not work out at all. Like you say 98% having their coins locked forever would not go down well. I guess it will be vetted on demand at the time. The peg is very complex and I was told it can be used to create huge pumps and even dumps if it was required. I mean it would be able to magnify market sentiments. However, yes the pegging in times of extreme volatile market conditions could be briefly activated to ride out the storm. To be 100% honest I am not sure exactly how it works but I am guessing nobody will vote bay to be dumped since the voters are bay holders. Even if the peg was able to flatten troughs and spikes better than any other coin I expect the uptake of a very stable decentralised trustless currency would attract many more vendors than any other CC. Therefore just the adoption and uptake on a mere 1BN tokens could have a huge positive value increase. Like yourself (maybe because I don't understand it fully) I don't think it is the best of bays features merely another string to its bow. I like (maybe because i find the simple concept easier to understand) the idea of tiered pos levels depending on amount and duration of bay held much more likely to cause price stability and over all increase. I'm sure david will reply soon to explain how the pegging works exactly and my idea about it is perhaps not correct. The problem is, whatever price you set for bay, it won't matter for current investors. result is all the same. Whether you make 20M to 1BN jump and freeze 98% of the coins, or 20M to 40M and freeze 50% of the coins. That remaining 50% will have exact value as remaining 2% and value will decrease overtime because coin is not backed up by anything (unlike USDT) other than demand, and the whole point is, there is going to be less demand if BAY has fixed price. |
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This coin is amazing, I've seen coins pump for a promise of what BAY already has. I was very excited to find a coin this cheap, but this part really bummed me out - How can the freezing/hedging system peg Bay to US$, and how is it possible?
Bay is made to be used by ordinary consumers. They want a currency with a predictable value and without volatility. For example, by deflating the currency, we can make supply match the demand on exchanges. This means we can keep the price equal to a peg price (for example $1). Pegging can be done by controlling supply. By freezing a percentage of the Bay in everyone’s wallet we reduce supply to a level where it meets demand at the price we want.
If coins get frozen then can I still sell them?
In order to allow for a healthy and liquid market, we are considering allowing the sale of reserve coins. However, the condition is, you must lock the coins for 3-6 months and the new buyer will only receive them as reserve. This can allow for new people to enter the market with a long term investment. It may also be useful for large purchases without effecting the price, deposits without using liquid coins or even peer to peer good faith sales or exchange. There are many advantages to frozen assets like lending against them, giving discounts and large swaps. So it basically takes away the whole beauty of Cryptocurrency. If consumers wanted predictable value determined by small group of people they would not get on this market at first place. We already have predictable USDT. Plus you are restricting investors to use their coins and they are not allowed to sell it whenever they please. Crypto is still in embryo phase and its exciting to watch how it develops and where it can go, and rolling out "Pegging" now, in the wild west, just bores me. I don't think you are grasping the wider implications of the peg. It will certainly not take away the excitement at all, well not for current investors anyway. Also I believe there will be no small group deciding anything that is why the voting is there for everyone. I think the pegging could be enhanced by tiered pos levels already set in regarding amount of bay held and duration of the holding. I like the pegging but also i think there are more strings to bays cap that that. I like the decentralised explorer for mobile lite versions of bay and the api and possible side chains, dpos pruning and everything else david is thinking about. When you have a developer like this then many things become very possible not just dreams and talk bullet points on a white paper that may as well be toilet paper. Time is our biggest problem but still I think we are quite ahead of many other projects chasing their dream that is our reality. "Not for current investors" thats the keyword. Only reason someone would buy BAY in the future will be solely for purchasing something else. Since coin will no longer be volatile, there is no point to invest with hopes to sell it later for higher price. Also you would need to freeze at least 95% of coins to keep the price at 1$. If marketcap is 20 million right now and you need to bump it up to 1 billion, you have to freeze 98% of coins. I like other features too, but pegging is something I strongly disagree with. Still invested 10% of what I was thinking to invest. Just to see if I will be proven wrong. |
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This coin is amazing, I've seen coins pump for a promise of what BAY already has. I was very excited to find a coin this cheap, but this part really bummed me out - How can the freezing/hedging system peg Bay to US$, and how is it possible?
Bay is made to be used by ordinary consumers. They want a currency with a predictable value and without volatility. For example, by deflating the currency, we can make supply match the demand on exchanges. This means we can keep the price equal to a peg price (for example $1). Pegging can be done by controlling supply. By freezing a percentage of the Bay in everyone’s wallet we reduce supply to a level where it meets demand at the price we want.
If coins get frozen then can I still sell them?
In order to allow for a healthy and liquid market, we are considering allowing the sale of reserve coins. However, the condition is, you must lock the coins for 3-6 months and the new buyer will only receive them as reserve. This can allow for new people to enter the market with a long term investment. It may also be useful for large purchases without effecting the price, deposits without using liquid coins or even peer to peer good faith sales or exchange. There are many advantages to frozen assets like lending against them, giving discounts and large swaps. So it basically takes away the whole beauty of Cryptocurrency. If consumers wanted predictable value determined by small group of people they would not get on this market at first place. We already have predictable USDT. Plus you are restricting investors to use their coins and they are not allowed to sell it whenever they please. Crypto is still in embryo phase and its exciting to watch how it develops and where it can go, and rolling out "Pegging" now, in the wild west, just bores me. |
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So many people buying D3 and A5 miners should insanely increase difficulty of mining X11 coins. Price will rise accordingly
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I wonder why now another cryptocurrency is appearing, founded by some crap Corporation, which also intends to use the same ticker symbol " VIA" ! It's called xviata (VIA) and listed at the bottom of the C-Cex exchange voting list: https://c-cex.com/?id=voteTheir homepage is: https://xviata.com/en/What in God's name is going on here ?? Like WTF !!? These motherfuckers gonna steal Viacoins ticker symbol ! Its not gonna hurt via, but it might hurt some newcomer who might get confused and buy it. Very irresponsible of exchange to do that |
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Morty -"Oh boy, Whats wrong Rick? Is it a Quantum Carburetor or something?"
Rick - "Jesus, Morty. You can't just add a Sci-Fi word to a car word and hope it means something."
So let me get this straight, the core idea of this coin is to defend itself from something that doesn't exist?
Quantum Computing exists. Please do your own research for companies developing them. IBM, Google, Microsoft etc. + the many privately developed we don't even know about. Quantum Computing is currently only limited by the number of Qubits and publicly they are on 49-51 qubit level. Breakthroughs are happening to reach much higher Qubit levels and fast https://futurism.com/an-entirely-new-type-of-quantum-computing-has-just-been-invented/Like you said - its under development, it doesn't exist on the market. Which means, you have no way of testing coins resistance. |
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Morty -"Oh boy, Whats wrong Rick? Is it a Quantum Carburetor or something?"
Rick - "Jesus, Morty. You can't just add a Sci-Fi word to a car word and hope it means something."
So let me get this straight, the core idea of this coin is to defend itself from something that doesn't exist?
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I think PoS is good idea. It might be only way for this coin to survive
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