It was though the custom contract tab Trust me. If there is a way for me to screw things up, it will magically find me.  I'm rescanning the blockchain On a side note. I just tried to enter my other private key password (for private key 2) and it didn't give me any error report or anything? Maybe that's where I'm screwing up. When it asks for my private key what do I do? Is it asking for my password or do I have to find and enter my actual private key data? Sorry if this seems rudimentary. I'm not that computer tech savvy Edit: Im on Windows 7 OS with client version Halo 1.2 It is asking for your password. There is no feedback if you enter the wrong password. This will be fixed in the next release |
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How long does a contract usually take to get uploaded into the system?
I'm pretty sure I posted one. But it's not showing up on the "Market" tab in the client
Are you using bitmessage or mail? If you are using mail you might have to update your mail address. I have had to when I havent used the client for a while Thanks Munti. In the make contract offer menu, I have "send contract to" my bitmessage address. But contract won't go through. I tried to replace with email address but no luck. When I click on "create contract" a window pops up stating to review my contract. After that, a window pops up stating I have to enter my private key 1. After I do that, nothing. Nothing is in my "open contracts" tab Are you going in through the "make an offer" tab, or custom contract button in home tab? I suggest you use custom contract. It will fill in the correct address automatically |
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How long does a contract usually take to get uploaded into the system?
I'm pretty sure I posted one. But it's not showing up on the "Market" tab in the client
Are you using bitmessage or mail? If you are using mail you might have to update your mail address. I have had to when I havent used the client for a while |
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Leave some for me please |
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Both of my beta and regular wallets are working fine and staking quite nicely. With price down, I couldn't be happier Accumulating more. Aww that is lovely news glad you could share it is all working fine for you. You are using windows? @ David when I check history details it tells me where it should tell me 2 private keys connected that I am not connected to the internet when 100% I am, hope that helps. Yeah i read over it, you need to apply that update that they linked you to(i re. Its a bug about BitBay/Halo not thinking it was connected to the internet. That was fixed along with tons of other nice core updates. Thanks but as I said before few posts back, I am not using windows but am using linux and the wallet update is for windows? I'm sorry, but the update is not out for linux yet. It will come soon though. |
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Jesus, lol. I would need a year to decode above post.
How about this. Is it possible to have contracts/listing appear on google search? I noticed that some of Ebay sales were google directed.
Yeh about as much time would be needed for me so don't feel bad lol Just arrived guys managed to get me some cheapish bay and have a couple of smaller orders I have faith will be filled. Who sells for these prices and lose out, Not complaining but does make me think. Anyway hello guys! Welcome to Bay |
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Jesus, lol. I would need a year to decode above post.
How about this. Is it possible to have contracts/listing appear on google search? I noticed that some of Ebay sales were google directed.
David is traveling atm, so he is not much online to answer questions. Munti!! Thx for info. Coders needs to take a break. Know David been working hard. Hope it is good for him. Btw, you are econmist so I got a question for you. They say that US gov in such debt that increase in Fed rate higher than 1or 2% will blow a such gapping hole in US gov budget that it will essentially go bankrupt. So their expection is that we will be living on perpetually low interest rate environment. Is this correct assertion? Yes and no. The consensus seems to be that interest rates in the US will be low for quite some time. They will try to get it up a little as soon as they consider it safe to do so to avoid the "japanese trap", but there is not much room here atm. The reasons are a lot more complex than US gov debt however. To complex to discuss here. But if this is of interest to you you could start by reading up on the Phillips curve, Okuns law, the aggregate demand relation, and the relation between those. Btw I am not an economist. I studied macro economics at the university a long time ago, but only because I have always found it fascinating. It has never been relevant for my work. (In my country you can do that because there are no admission fees to go to university. Study for fun, I mean) |
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Jesus, lol. I would need a year to decode above post.
How about this. Is it possible to have contracts/listing appear on google search? I noticed that some of Ebay sales were google directed.
David is traveling atm, so he is not much online to answer questions. |
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I'm confused by syscoins pegging. The way other coins like Nubits and Bitbay use the term it ensures price stability relative to a target like USD.
As I understand it from reading the article, Syscoins pegging is really just a way to tell ppl what the current price of sys is.
Am I missing something?
Correct, pegging the TOKEN value is a total different beast.. solved by bitshares via oracles (delegate feeds) and market rules of no shorting below 10% of the peg based on price feed. Nubits has a centralized market maker to ensure peg holds but without the price feeds beign intrinsic part of the core design holding the peg up.. Bitbay wants to create a "prediction market" style peg which he claims will try to hold on its own without any rules, by adjusting inflation... we know this won't work because once broken it will be race to bottom, inflation won't fix it when broken because of psychology. I had proposed this very thing in DevCoin by pegging the value of DevCoin to try to set a rate at which writers were earning per round, but we found after analysis that, that style of peg wouldn't be the most efficient market consensus of finding true value of a token, its easy for a swan event to wipe the peg out for good and project is capput. We DO NOT want to do this, instead we simply want to allow front-ends to figure out the price of goods based on current exchange rate... however there is a notion of a hard price peg of fees (which are not tradeable) based on say USD or BTC.. because CODB will not be known ahead of time if people are paying in SYS... the world's accounting systems work on USD so we must allow people to understand costs in USD for example. This is a hard problem that we need to solve... so that fees scale(in USD or BTC) with syscoin value. I don't see a need to peg the token (syscoin), but a price peg tool which calculates how many SYS a given item is... is all that is needed.. nice and simple. In all fairness you should call your pegging a calculator and not pegging. Pegging is imo one of the most important features in a coin with market that targets ordinary businesses and consumers. You might do fine without it for the silkroad crowd because they don't have many alternatives. For everything else there are alternatives already that we have to compete with. Risk is one of the considerations people have to make when choosing market place. Reducing the risk and bother that the high volatility of bitcoin price and alt prices represent is a key feature in a coin. I have no problem with Syscoin not wanting to peg. But calling a calculator a pegging system? Well... |
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I'm confused by syscoins pegging. The way other coins like Nubits and Bitbay use the term it ensures price stability relative to a target like USD.
As I understand it from reading the article, Syscoins pegging is really just a way to tell ppl what the current price of sys is.
Am I missing something?
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@hawaii18k Don't worry we will walk before we start sprinting First David will finish the templates for the market, then Night trader, and then we can get serious about pegging. Thank you very much for your donation. We will put it to good use. Others have started donating as well. For those of you out there that want to contribute, please send Bay to: B6HtsEuEQfzJTsf751xFj11DpuFjzQfgiS Things happen in crypto as well. Just think Mt. Gox. Actually the risk is bigger in crypto than in fiat. |
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First of all, fiat is showing a long history of failed pegs. This is not because pegging in it self can not be done, but because the consequences of maintaining a peg that is not matched by economic realities are so big. The value of a currency directly effects unemployment rate, tax systems and so on. For Bay it is a little easier. We only need to consider stability, effect for consumers and merchants, and investor reactions. We have chosen to peg to the dollar because it is the world reserve currency, and thus big enough to be relatively stable (nothing has ever had a stable value). Doomsayers telling everyone how the dollar is about to crash is nothing new. I have heard that for twenty years now. Some day they might be right, but it's not likely to happen in any near future, or else the dollar would be a lot cheaper already. We could of course chose to peg to a mix of currencies to get it more stable, but that would require a team of experts to constantly balance and rebalance the mix we peg to. We don't think that is required to get a peg that is stable enough for our needs. If/when the dollar crashes, or some other currency becomes world reserve, it will be easy to peg to any other currency instead of USD. Yes, controlling the supply is our most important tool to be able to maintain the peg. There will be a few support systems, so we don't have to change the amount of available bay for every minor fluctuation. There is no reason to be worried about getting your coins locked. If we started pegging to day at say $0.01 and locked 90% of all Bay, you could sell your liquid 10% for more bitcoin or dollars than you can sell your whole bag for at the moment. Big demand for Bay after all bay are released is also not a problem. We are talking about a rolling peg. Meaning the peg will change over time. So we are talking relative stability. We are not gonna pick a number like say $ 1 and declare that will be the value of Bay forever. Our goal is to get Bay stable enough for the market to function for ordinary people. So we will start low, and let the value increase as Bay gets more adapted. Only we do it in defined steps instead of letting it fluctuate wildly. Again, we do this so it is more predictable for people who use Bay for real world business. For an investor the big difference compared to an unpegged coin, is that the advantage is bigger for those that come in early. If you buy nextbigcoin for 100 sat and sell at 200, you have made a 100% profit. But then you are out. In Bay you can have the same profit selling liquid coins, but still have say 80% of your coins. They may be locked atm, but when more are released you can take profit again. Overall there is no reason to be pessimistic about it  |
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"You will be able to exchange Bay directly to US$ in the client and on exchanges"
So that will be done through wire transfer, etc. Exactly who is the intended audience for this coin?
When you say exchange USD for BAY at exchanges, do you mean like I can exchange BTC for BAY today or something else?
You can exchange for $ here: https://c-cex.com/?p=bay-usdWe are looking at other exchanges as well |
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I have BitBay marketplace installed, recently I am having a sync issue where it says Synchronizing 217121: (this number does increment)
but the status bar is stuck at 0%
I tried the Rescan feature or restarting BitBay market but this did not fix the sync issue.
Thanks in advance any help appreciated!
Just let it finish syncing. It takes a while. Status bar has not been reliable. |
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Hey.
Would I be wrong in thinking that if 1 bitbay were pegged to 1 dollar, it would still be unstable as long as it can only be exchanged for BTC?
Would it be not pegged to a dollar, but to a dollar's worth of BTC, which varies greatly and is unstable?
Just askin'.
I'd say that's putting it upside down. Bitcoin is the volatile currency. You will be able to exchange Bay directly to US$ in the client and on exchanges |
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New here.... Whats going on with bay  Road map is followed, and people start to realize it |
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There seems to be far more liquidity for Bitbay on Bittrex than BTER.
There are 'proper' bids (like in the 1st decimal place BTC) right up to 150 whereas BTER's doesn't reach much past the 100 level.
Maybe it's because there's more volume on Bittrex and people just aren't bothering to bit on BTER cos they can't get any.
Might be a trust issue as well. I know for sure that I will not deposit any btc on Bter before I get back the btc I had there. |
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just fyi you have to go into settings and allow less secure apps for gmail to auth. Although you should get an email saying an app tried access you gmail.
Thanks for the info I take this is the setting in my gmail account ? Yes, I had the same issue with my gmail account. In your accounts settings on gmail (which I can get to if I click on the top right icon and then click on "account" - an account settings page loads up). In the "signing in" category at the bottom of it's list, is "Access for less secure apps" - turn that setting to "on". Then try to see if your gmail account will work with the client Its funny because I didnt have that issue with gmail. However, I've still got to test out some of the other providers. Hotmail has worked before but then recently someone had an issue with outlook which i thought was the same. Yea, I don't know. I typically don't use my gmail account. Maybe you already had the feature turned on for some other app that you synced up to your gmail account in the past and forgot about it? I know Kevinrasf had the same issue as well. I think it has something to do with 2FA. So if you have 2FA enabled you need to grant accsess for less secure apps |
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Hi anybody willing to give me a hand figuring out how to loan my private keys from my old wallet onto the new client , will be a payment for who can help me sort this out. PM me please
You can not use your private key from the old wallet in the new client. Just install the new client, and send your Bay from the old wallet to the new client |
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does anyone know if there will be an official launch with a big press release etc. I think it is extremely important that we catch the wave of the excitement. I'm willing to spend every evening in the launch week on cryptsy and bittrix in the chat telling people and making them aware of it. Its a shame we are not listed on Cryptsy. Nobody knows about Bitbay really (which is a good for if you are buying now as its cheap) but if we can get this right it could become a top 10 coin.
There is not planned anything yet, but you are absolutely right. Can't waist an opportunity like that. We still have a little work to do before official launch though... |
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