Thanks will update the forums and website soon  |
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 An example of a corporate model for Barter Trade. Bata (BTA) aims to replace a Trade Credit as per graphic with BTA, which is valued against Bitcoin. The Barter system is not owned by a company, but by peers, decentralising across the globe for local trade or international. The BTA Blockchain is secured by Proof of Work (POW), in addition we are adding Proof of Stake (POS), so that BTA is available to all, not just those with special hardware. Leverage your stock, services & business relationships. |
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some progress with your platform?
Just waiting on an update from Dev support. Keep tuned. |
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Think of it as rather than BTA trying to replace BTC, but as a leverage towards better trade and earning potential. In a traditional barter platform a company or corporate gives "credit to barter traders if they do not want to swap good, but sell them. The traders are in debt to the company who provides the credit, charging them interest. In BATA's model no company is involved or creates credit. If you don't want to swap you are paid BTA, which with POS enabled will earn you money. |
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Dev support advised that I should have a working model (unreleased) in the holiday period.
Keep tuned.
Some heads may spin.
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when can you expect to finalise barter?
All I can say it that development team should be testing the platform during the holidays. Timelines are for full time, funded developers - we are making progress. you are not alone in the team? No Midnight Miner is part of the team, doing some lead work presently. |
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when can you expect to finalise barter?
All I can say it that development team should be testing the platform during the holidays. Timelines are for full time, funded developers - we are making progress. |
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I have advised Bittrex of the update to whitepaper, as it looking like volume is not going to get us across the line. https://www.bittrex.com/Market/Index?MarketName=BTC-BTAThere is a lot of BTA available to buy, anything between 2000 sats to 4000 sats is a great buy considering staking & Barter Market / System is on the way. Haha I wouldn't even try to poke it with a 100 ft stick. Buying it now is like putting ur ass down the hornet's nest. The jokes are on you. You can't poke a coin...it's virtual. I imagine that putting your behind on a hornet's nest would make it swell, so I guess you're implying that the price will swell - good prediction. |
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BTA has been a coin on my radar for awhile, and i've liked what i've seen in the past from the development side of things. however i'm not at all a fan of POS, so i am curious to see were thats heading.
Yes traditional POS type coins have not gained anything but bagholders, which is not good for the coin or growth. We have taken time with mapping and the mathematics regarding the POS / POW reward system. Whether one is a stakeholder or just new BTA, the opportunity to obtain BTA must be as fair as possible. These steps have been taken with measured and checked balances. We will not follow the path other POS coins have taken, as it have proven to fail to the coin and the community. |
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Months later and you've still done nothing to provide value to this coin.
A reminder that an active developer is simply not enough. People actually want utility.
You reach out to the community for input, that's nice, but it shows your lack of direction yourself.
It all lies on you as well. One man shows typically don't end well.
Figure out what you want this coin to do, and do it. Barter is really really stupid. All of crypto and all markets are barter, exchanging one symbol for another.
You had the anon angle and it seems like you just threw that shit out. This is just another coin.
In your defence you may have missed the previous posts showing this is not a one man show. Your opinion that Barter is really really stupid is just that, an opinion. If you understand the model of corporate Barter systems then you would understand that we are building a crypto version of it, that is decentralized and replacing a company issued trade dollar with BTA. The anon part is on hold, not thrown away. Every step of the way is put on this forum for all to see for transparency. We could have done it the easy way and folk a hybrid coin, but that was ruled out as it would not be a smooth transition or fair on those who were left behind. Work is being done, as Midnight miner stated - it is your choice whether you wish to "believe". We are giving everyone an opportunity to "believe", which in this market people are willing to "believe" in ICO's, Crowdfunding and VC investment, even before anything is started. I am not asking for money up front, I am not actually asking you to do anything. I am prompting people to give them an opportunity, before we release all. Plain, clear and simple. |
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Clearly my message got across...not.
$11 usd trading today (across all exchanges)
Not very reassuring to say the least.
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As per previous post:  |
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Let's get some buying happening or trading across all our exchanges.
We are at a low price now, across many exchanges, we are flying very low under the radar.
The problem is it is too low. The spreads are easy to manipulate due to small sell orders driving the price down.
If you are looking to purchase BTA, obviously you want it at the lowest price, but keep in mind things will soon change with releases coming.
Many have stated it previously, including myself, that BTA is at bargain prices right now.
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If you can see past all these "ICO's", which turned have brushed aside the fundamentals of a decentralized currency, then let's hear from you, better still actions speak louder than words.
One word "Securities" comes to mind and in the end all securities are regulated.
Relying on third party system cannot be the solution for any cryptocurrency.
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I have advised Bittrex of the update to whitepaper, as it looking like volume is not going to get us across the line. https://www.bittrex.com/Market/Index?MarketName=BTC-BTAThere is a lot of BTA available to buy, anything between 2000 sats to 4000 sats is a great buy considering staking & Barter Market / System is on the way. |
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the price is holding up pretty well considering the blood bath on all other alts, I have taken a few months off cryptos, but nice to come back and see this is surviving better than alot of other seemingly good coins. Will have to read back through thread to catch up  It's good to hear from you again. We have proven over time that BTA is here to stay. Take a good took at what we are setting out to achieve and why it makes sense. "Localisation" and "the sharing economy" are the key to success of trade and a Barter System that rewards users for trading real $Bata instead of company owned trade dollars has numerous benefits over current models. |
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Here is a glimpse of my proposal for the implementation of the BATA PoS model. The blockchain will use the difficulty calculation - Dark Gravity Well v3 (DGW3) to adjust the staking reward. [...] There is a difference from most PoS type coins. Most PoS coins use the difficulty to adjust the ability of a coin to claim a staking reward. [...] The Bata staking will have consistent staking intervals for coinbase of 1000 Bata or more, but will adjust the staking reward based on the difficulty.
The original target was to reward a 1000 Bata coinbase with a staking reward of 1 Bata after a 7 day period. This type of stake reward would leave inflation unchecked, and could result in PoS rewards out pacing the PoW rewards increasing the coin supply too quickly. [...] A coin supply the expands too quickly, result in a deflation in the value of the coin. If the new coins sit stagnant in staking wallets the coin supply does not generate or attract new value to the market value. This is what occurs with the majority of now dead PoS coins. Sitting in wallets staking and not much more, hoping for something of value to occur.
In order to provide a fair and even distribution of the staking rewards to most staking wallets, all while keeping inflation and the growth of the coin supply to support a growing trading/barter market the following model was developed for the stake rewards.
... to be continued in the white paper updates  pretty smart scheme, POS, I think that now the main role, in addition to investment, will play a justification of POS, its feasibility in specific designs, the benefits for investors, technical processing of a particular POS, it is important to choose POS by intentions and, of course, strongly to declare through advertising, negotiations, withpaper, conference I think so too. Keep tuned. |
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Here is a glimpse of my proposal for the implementation of the BATA PoS model. The blockchain will use the difficulty calculation - Dark Gravity Well v3 (DGW3) to adjust the staking reward. [...] There is a difference from most PoS type coins. Most PoS coins use the difficulty to adjust the ability of a coin to claim a staking reward. [...] The Bata staking will have consistent staking intervals for coinbase of 1000 Bata or more, but will adjust the staking reward based on the difficulty.
The original target was to reward a 1000 Bata coinbase with a staking reward of 1 Bata after a 7 day period. This type of stake reward would leave inflation unchecked, and could result in PoS rewards out pacing the PoW rewards increasing the coin supply too quickly. [...] A coin supply the expands too quickly, result in a deflation in the value of the coin. If the new coins sit stagnant in staking wallets the coin supply does not generate or attract new value to the market value. This is what occurs with the majority of now dead PoS coins. Sitting in wallets staking and not much more, hoping for something of value to occur.
In order to provide a fair and even distribution of the staking rewards to most staking wallets, all while keeping inflation and the growth of the coin supply to support a growing trading/barter market the following model was developed for the stake rewards.
... to be continued in the white paper updates Thanks for the update. I will spread it over the other forums. |
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