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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. You can add email but that wont change the order, people still need to use Bitmessage to contact you on that one. At least anyone here on Bitcointalk knows that its you now. Of course there is also IRC, yeah just for now we need to put the contact info in the description. If you want to test this with me i can accept it. Is your client running? Bitmessage takes a little longer to complete(POW). Yes my client is on. Can I cancle this contract then add the email in another contract ? When someone send me a bit message would it go to the bit bay client or do I need to have the bit message client separate? If you want to complete this trade with me that would be cool ,too see how good this system works |
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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. |
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my market client still shows 2 items for sale;
a tire pressure gauge
a doge
it says 100%. I also put in a offer on some test offerings that have been pending for a while. whoever owns that myhalo1111 gmail account.
anyway help I want to get this client to work again
I am only showing my listing (the webcam) and the red balloon, have you tried restarting client? Thanks I have restarted it many times. Not trying to measure sizes or anything lol but just to let you know i have 5 different items for sale on the market looking at it from my client  I am on linux and it has a really nice feel to it. Hi what linux you got ? i got ubuntu and the client don't even open. Do you need any other software before starting it? Hey, The computer i am on at the moment is ubuntu 14.04 i think it might be the old one but it is secure and fast enough so i will contiue to use it for awhile. How are you trying to start the client from the terminal or from the files? I have nothing added to the normal ubuntu software. Thank for your reply . i got ubuntu 64bit 14.10 which is the latest one . i run it for the files it self i never tried the terminal is that how you do it ? |
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my market client still shows 2 items for sale;
a tire pressure gauge
a doge
it says 100%. I also put in a offer on some test offerings that have been pending for a while. whoever owns that myhalo1111 gmail account.
anyway help I want to get this client to work again
I am only showing my listing (the webcam) and the red balloon, have you tried restarting client? Thanks I have restarted it many times. Not trying to measure sizes or anything lol but just to let you know i have 5 different items for sale on the market looking at it from my client I am on linux and it has a really nice feel to it. Hi what linux you got ? i got ubuntu and the client don't even open. Do you need any other software before starting it? |
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More bad new in the crypt space, evolution for the dark net has ran off with $12M in btc which is around 44,000 btc now the bitcoin has started to go into a bear market (more then likely from there dump). I'm starting to think that these actions are orchestrated to devalue BTC and the crypt world. They can't mine them because it will make it harder for them and they won't buy it because that would increase it's value, so the only thing left is to steal it and dump it. These decentralized markets are the only thing left to ignite the crypto world.
I agree with you totally. Its no mystery that most of the worlds major intelligence organizations are intimately involved. Of course they also have access to some of the most amazing hackers. There is so many backdoors even in the hardware we use. So honestly this is always going to be a fight for the best security. However, thats why decentralized markets and control of supply/hedging/pegging are so important. Eventually this market will change and tech will be the most valuable thing of all. After all it was the tech behind bitcoin that got us here... i think the manipulators and thieves always forget that. Also, worshiping Bitcoin is almost worse than worshiping the dollar. People tend to forget that the true innovation is decentralization. Bitcoin is the originator to all this innovation, they don't want to change because they got the attitude, if it not broken don't fix (It has the highest volume). Once anther coin comes near it in volume they will just copy and paste it and i think bitbay will be the coin they copy. Mining is also consider primitive but i think it might bring us our next leap in technology , the smaller nano meter chips will be what give life to real life androids. Evey year mining nano meter chips get smaller and more energy efficient, i guess that can be useful . |
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More bad new in the crypt space, evolution for the dark net has ran off with $12M in btc which is around 44,000 btc now the bitcoin has started to go into a bear market (more then likely from there dump). I'm starting to think that these actions are orchestrated to devalue BTC and the crypt world. They can't mine them because it will make it harder for them and they won't buy it because that would increase it's value, so the only thing left is to steal it and dump it. These decentralized markets are the only thing left to ignite the crypto world.
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total coin ~ 1B, quite a lot
Not when you consider pegging and therefore creating reserve. The coin is also going to be used as a market currency so a lot of coins will be needed with a bit of luck i mean if it gets big then that supply will be perfect imo Agreed. Anyone create a fraction name yet?? How about a contest for the best named fraction? edit: Now that I'm thinking of it, trying to match a little bitbay name is hard! "Bittle"? "Zimbayski"? "Bayo's" A little help here!  I'll join you in this What by the bay? "waves". "Wave" "Splash's" "Clashes" |
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What i'm trying to relay here is that a lower value currency equal less bitbay in circulation and more injection of money to hold up walls, to maintain a peg. By the way things are looking usd will be going down in value and cny will be going up in value, no Cristal ball here but if you go around your house and you look at the bottom of the majority of your personal belongings, i can almost a-sure you that 90% of them where made in china. The only reason i see to use the usd is because it's easier to give an equilateral in value, so it won't have to be converted to the majority of the users here in this forum. The link was to show that the USA is in a negative balance which is not good for its currency. The only reason the usd is use more around the globe is because of bombs and intimidation, guess who has the highest military funding and presents . I know this pegging is in its beta stage just putting this out ,so when decision are being factor in.
A lower value currency does not equal less bitbay in circulation. Quite the opposite. If we, with the same marketcap, were to peg to 0.01 CNY instead of $ 0.01, we would have approx. 6 times more bay in circulation. The size of the wall would be the same as it is defined by marketcap, not by currency. Like many others, I find part of US politics very disagreeable. I don't think that's relevant for the pegging though, unless there's such a strong anti US sentiment out there that it will have a negative impact on bay to peg to the USD.
Being peg to the usd is debatable it's good we have a mean to talk it out in a civil way here when its in the planning stages. No. You got it wrong. If we peg to same numeric value like in the example above with 0.01 CNY versus $ 0.01 there will be 6 times as much bay in circulation with CNY. If however you mean 0.062 CNY versus $0.01, you are of course right. That would be the same amount of bay in cirulation. Peronally I'm opposed to that. To be consumer friendly we have to choose values that are easy to convert without having to use a calculator. Also you should consider that bay will not only be traded in bitcoin. I expect investors will continue to do that, but the consumers will get an option to buy bay directly for US $ Yes I ment 0.062 cny compare to 0.01 usd. Not sure how long the direct to usd trading will happen seeing all the compliance the laws that exist. Well when future days provide us with a move clearer vantage point from the successful creation of the market and the pegging, we will see the effort of this coin spawn a new calculated innovation that will lead to the mesh network and IOT. |
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What i'm trying to relay here is that a lower value currency equal less bitbay in circulation and more injection of money to hold up walls, to maintain a peg. By the way things are looking usd will be going down in value and cny will be going up in value, no Cristal ball here but if you go around your house and you look at the bottom of the majority of your personal belongings, i can almost a-sure you that 90% of them where made in china. The only reason i see to use the usd is because it's easier to give an equilateral in value, so it won't have to be converted to the majority of the users here in this forum. The link was to show that the USA is in a negative balance which is not good for its currency. The only reason the usd is use more around the globe is because of bombs and intimidation, guess who has the highest military funding and presents . I know this pegging is in its beta stage just putting this out ,so when decision are being factor in.
A lower value currency does not equal less bitbay in circulation. Quite the opposite. If we, with the same marketcap, were to peg to 0.01 CNY instead of $ 0.01, we would have approx. 6 times more bay in circulation. The size of the wall would be the same as it is defined by marketcap, not by currency. Like many others, I find part of US politics very disagreeable. I don't think that's relevant for the pegging though, unless there's such a strong anti US sentiment out there that it will have a negative impact on bay to peg to the USD.
Being peg to the usd is debatable it's good we have a mean to talk it out in a civil way here when its in the planning stages. |
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What i'm trying to relay here is that a lower value currency equal less bitbay in circulation and more injection of money to hold up walls, to maintain a peg. By the way things are looking usd will be going down in value and cny will be going up in value, no Cristal ball here but if you go around your house and you look at the bottom of the majority of your personal belongings, i can almost a-sure you that 90% of them where made in china. The only reason i see to use the usd is because it's easier to give an equilateral in value, so it won't have to be converted to the majority of the users here in this forum. The link was to show that the USA is in a negative balance which is not good for its currency. The only reason the usd is use more around the globe is because of bombs and intimidation, guess who has the highest military funding and presents . I know this pegging is in its beta stage just putting this out ,so when decision are being factor in.
Trust me, I doubt anyone here is proud of America or the dollar. There is a stigma with the usd and pegging coins. Personally, I think a rolling peg is best. Let the price move around as long as we can deflate to catch it. If you wanted to peg at a low price, you would be able to allow more coins in circulation. The higher price (to create walls) would require us to deflate tremendously. Imagine if we only had 50 btc walls to support $1. To be sure of that price we would be deflating maybe even 99%. So instead of focusing on that specific price, i think its best to make it a growth target (Chinese Yuan, Euro, BTC, whatever). Just deflate as you need to bring volume back into coin. Because volume is all that really matters in my opinion.
I agree the rolling peg is the most best conceivable plan at this movement, let see if in do time we can get a mastermind going so we can squeeze ever bit of experience in to this coin, to make it great. |
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yes your saying that it wouldn't matter because every one will just vote to do a rolling peg and we can continuously increase the peg to anther higher dollar value. But when the market roll out and the value of the usd keeps dropping then there will be lest bitbays in circulation for the market for some periods of time.As time goes on we would vote more often to off set inflation . with cny we would freeze coin lest often and more bays in circulation for the market, not only that but the value "should" keep going up as it is now avoiding another freeze .Just thinking of the future .Also look at this website https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html it show how much a country net trade in goods and services, plus net earnings. Guess where usa is at. If I understand you correct, you are arguing that the choice of currency influences how often we have to freeze and release bay. That is not correct other than possibly as a minor influence on a very long term (and no one knows the future). The problems you are addressing are very relevant on the other hand; how often shall we vote for freezing or releasing bay. For instance we will have to release a lot of bay for christmas shopping (some retailers have up to 70% of their yearly sale for christmas), and then we will have to much bay available after christmas. This is one of the hard ones, and thus one of the reason we still have pegging in the workshop. Obviously it's not practical to vote to often. Voting should be for the major decisions. So we are looking at different combinations of automation and incentives to voluntary freeze, so we don't have to do a voted freeze/release for every fluctuation in the market. The goal is to have a little more bay released than we think is needed at any (most) time. This "surplus" bay we want to be able to control into voluntary freeze/release through incentives to handle fluctuations in the need for bay. It is of course possible to handle this with a buy wall that is big enough, but we want to keep that as small as possible because money locked in a buy wall has a "lost opportunity" cost. As to your link that shows net trade and earnings, that does not say anything about how much a currency is used. Nr. 3,5, and 6 on that list are oil nations. I'll pick nr. 6, Norway, because I know something about it. Norway has it's own currency, Norwegian kroner (Nkr). But the wast majority of Norways trade is done in US$ and euro. Much of Norways savings are also held in US$ and euro. Nkr is only used domestically. In fact, in alot of countries you would have a hard time buing local currencies for Nkr. The US$ on the other hand is used in the whole world. In several countries it's actually more wanted than the local currency. @HouseOP: The choice of US$ is not a political statement. In fact I'm not sure if it would be possible to find political topics where the bay team would agree among our self. |
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Pegging is still in the workshop, so we might still do things differently than I say now.
That said, we are discussing a rolling peg. With rolling peg we mean it's not set once and for all. A plausible scenario is that we start by pegging it to $ 0.01. As demand increases, we will release the frozen bay. When all or most of the frozen bay are released we change the peg to say $ 0.1 and freeze a certain amount of bay again.
If we use the rolling peg it is irrelevant that the dollar looses value. We can peg to $10 or $1000 if we need to. We can also peg to a mix of currensies. As to less coins being frozen if we choose cny, you are right only if you set the alternatives to be 1 USD versus 1 CNY or 0.01 USD versus 0.01 CNY. The dollar is worth 6 times more than the yuan. But it is not really relevant how much of your coin are frozen. Your buying power with your spendable bay will be the same. The difference is that your frozeen bay are worth more (when released) if we peg to $1 instead of $0.1
Here's an example based on todays value of bay:
If we peg to $0.01 and freeze according to marketcap, we would have to freeze approx. 98%
That means there would only be 20 mil bay in circulation
If you buy bay for 1 btc ($275) at 50 sat you get 2 mil. bay
When pegging starts 98% will be frozen. You can spend or sell 2% of your bay. 2% of 2 mil is 40 000 spendable bay
40 000 bay x $0.01 will be worth 400 dollars.
20 mil (the totall amount of spendable bay) at $0.01 is only $200k
With buyers and seller having to hold some bay for smart contracts we would have to release more very soon
For now we are going with the US $ because it is the worlds reserve currensy
yes your saying that it wouldn't matter because every one will just vote to do a rolling peg and we can continuously increase the peg to anther higher dollar value. But when the market roll out and the value of the usd keeps dropping then there will be lest bitbays in circulation for the market for some periods of time.As time goes on we would vote more often to off set inflation . with cny we would freeze coin lest often and more bays in circulation for the market, not only that but the value "should" keep going up as it is now avoiding another freeze .Just thinking of the future .Also look at this website https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html it show how much a country net trade in goods and services, plus net earnings. Guess where usa is at. |
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When the peg is implemented it should be peg to the cny (Chinese yuan) . If you see the chart below historically the yuan is getting stronger because the yuan (second chart ) got off the usd peg . If a freeze of coins is implemented, less coins will be frozen compare to being on a usd peg because the yuan will have a stronger value . 
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If any body is trying to use the smart contract bitbay wallet but it always crashes on you, try opening the client as an administrator ( run as administrator) it works for me . whom every it works for can start making smart contracts now in bitbay.
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News? Haven't heard from David in a while.
He is working hard on the client (smart contract/market) atm and we as a team are testing the new QT wallets that should be launched soon.  that is great news to see new client and smart contract/market. Not sure that is a smart contract wallet or market just a basic QT wallet to stake i imagine? How long will markets be do you have any idea? Well done to him for sticking this project out i am sure he will do what is needed. It is actually Dutch if I'm not mistaken. Good to see papertowel logo is out Any ETA on this QT wallet? The design is so nice it has me clicking the jpeg. |
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Hello everyone From twitter BitBay @bitbaytalk · 24. 1. Happy weekend to everyone! We've got some interesting announcements coming next week, stay tuned. #BitBay Today is 5.2 Any news? Thank you  We're on the brink of releasing the new QT wallets and setting up some 24/7 nodes. After that, the OP and the new website will follow soon. Thanks for the update . |
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Hi everyone this project looks very promising . I just have a question about the QT wallet. i can not get it to sync ,i was wondering if there is some nodes that i need to put in a config file to get it to work?
As a matter of fact we are finishing the new QT wallet and we are aware of the problems with eg. syncing. With the release of the new QT wallet, our aim is to provide some 24/7 nodes. Oh yes and just ignore our Sideshow Bob. He is only good for a laugh. Thanks for the information, i'll wait till the wallet is enhanced. |
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Hi everyone this project looks very promising . I just have a question about the QT wallet. i can not get it to sync ,i was wondering if there is some nodes that i need to put in a config file to get it to work?
Dont even bother... This coin is dead as a doorknob.. Fake volume but not even any price movement, unless its a dump! Dude i didn't ask for this infomation. Dont quote me if your ADD doesn't let you process my question before it kicks in. |
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Hi everyone this project looks very promising . I just have a question about the QT wallet. i can not get it to sync ,i was wondering if there is some nodes that i need to put in a config file to get it to work?
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Somebody will give nodes to me too it is necessary?
there nodes are working addnode=104.131.135.126 addnode=162.243.240.231 addnode=128.199.148.246 addnode=104.131.135.122 addnode=104.131.227.173 addnode=128.199.148.245 |
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