BitSquare is NOT DECENTRALIZED! I'm really getting tired of people saying that. They use 2 of 3 key system which is just arbitration. As they are the arbiter that allows them to collude as buyer or seller and steal escrows. Also if they get hacked someone can double spend because they would hold escrow key.

There is no decentralized exchange yet. Even BitShares uses gateways and market pegs. Not decentralized either.

Blocknet by doing atomic trade will certainly be a decentralized exchange because no trust is need to perform a trade. Let's hope they keep up the good work.

I've got nothing else to say, thanks. Just direct any questions elsewhere because I don't check this thread. This is the first time in probably months.

Yes he did, he partnered with Bobsurplus secretly and they even used the "Bay west toilet paper logo" from day one to mock me and they used fake profiles to discredit and harm my rep. I got sent pdfs in secret(they had a mole in the group), was shown fake profiles that got hacked by some people proving the propaganda campaign. It was seriously a rabbit hole. To this day, it still kind of humbles me. Their modus operandi was similar to JTRIG. Man, to be honest I don't mean to bring up the past but its true(I don't live in the past, every once in a while I'm candid). I don't think buying into your ICO is illegal per se but the website they set up was wrong because they lied about the funds release schedule and mocked me knowing that when I said something the project would crash. So that would constitute as fraud but extremely hard to prosecute. To add insult to injury, Bob would come by every few months to make fun of the investors he stole from. So Dai is lower than dirt to me. I tried to pursuade him to help and he was very blahzay and eventually just ignored me even when I tried to be NICE when it was eating me inside. I'm certain Qtum was pumped. Knowing that last time Dai partnered with Chinese exchanges like BTER who stole funds from users on so many occasions(millions they still owe me almost 3 btc). Qtum funded in "90 minutes" what does that tell you? Lol... and that was while Gleb was bombarding this thread. No way they funded what they claimed unless his rich chinese friends wanted free coins or something. Same Modus Operandi with just bigger numbers.

We all think Dai sold his Bitbay because he admitted it on the slack when I confronted him saying it "wasn't worth anything". But it was worth something to investors who didn't want to be dumped on. It shows how much contempt this dude had for us(he certainly didn't tell me while he was dumping). If you ask Dai directly I doubt he will give you a straight answer that is cogent.


Ironically, I'm not saying Qtum won't be a success. They very well may put contracts in UTXO which is in fact a better way to do it. I've often chastised Ethereum for bloating up the blockchain and it is true in fact, I think I might have even talked to Dai about this idea in the past that it is cleaner to do it that way. You just pay a hash, send a payload and sandbox it. It's not actually that hard. Ethereum is over-engineered in my opinion and will have 10x the scaling issue as Bitcoin or even Qtum and to be honest Ethereum is much more greedy and potentially have back door deals that would shock us.

I'm not here to take away from anyone's efforts, I've got better things to do like CODE. But let investors never forget this guy did leave with investors funds that he didn't work for, dumped his coins etc. There is NO FREE LUNCH in life. God knows how many times some CEO bankrupts his own business keeps investors funds and never sees bars (possibly Trump for example? haha). White collar crime isn't taken seriously which is why everyone wants to destroy wall street. Sadly, if investors don't get smarter, the process will repeat itself. So take this text for what its worth. BitBay has made tremendous progress and of course the peg will finish.

But maybe the guy is right, investors don't care who this guy is, they just want to make money. Still, I would never invest regardless even if they crapped gold bars. But thats my personal opinion perhaps many investors simply don't care. The ones that do, will listen carefully.

What? That is total nonsense. My software I've been working in for 3+ years, it's over 50000 lines of totally original code, is still the only software in the world with a full UI for smart contracts and of course it works. Have you ever even downloaded it!? It has a free coin faucet you can take. It's got 100s of little features. Of course it works! When is the last time you tested it 2 years ago?! Lmao. You realize I'm the only.coder? I would like to see you make something like this.  Seeing is believing watch it being used on YouTube

BitBay Tutorials: http://www.youtube.com/playlist?list=PLILfNPSQCo6yjFiwXY6-C-ikIDs6v2nHU

And of course I'm adding the rolling peg. Everything I say I'm gonna do I always do. That's why we have decentralized markets and they have been working for almost 2 years. I code until my fingers are sore. Unbelievable nonsense. I know exactly how to implement it I just want to finish the other templates first so there is nothing left to do on the roadmap. That's the whole point why it's so fucked up that Dai and Bob tried to hurt my rep, they steal money off my name and then leave the project. If you put yourself in my shoes you wouldn't even have been able to handle it.

Skycoin dev doesn't know anything about Bitbay hahaha wtf. I'm the dev they hired to work on it and we are all saying Patrick is a theif. He got paid, he left and dumped his Bay. Period. If you guys don't care, fine but that doesn't change who he is.

And no, I did not "pump" Bitbay that is retarded. I spent two years coding it and improving the decentralized markets and unbreakable contracts. I've got no time for that bullshit. My code is 50,000 lines. I've got better things to do. I won't even bother selling until maybe long after the peg is done.

Yes I did get free Bitbay and it's very lucky that I did because had I had to work the past 2 years for free without any vested interest after Dai and Bob tried to harm my rep, it would have been a lot more difficult. And just so you know I still would have done it. Actually I would have simply bought BitBay.

Also speaking of "free" Bitbay. I was the only one who didn't buy on BTER. Steven and Lin and Bob bought and gave themselves kickbacks and reimbursed themselves BTC that should have gone into the project. Once I saw them do that I explained it to investors within a couple weeks after a long, long amount of thought (realizing the blowback).

I realize the only people supporting this project are either fake, or don't care if Patrick/Steven stole Bitcoins. But he did and there is proof and it is obvious he and his friends got free Qtum too by faking volume. You guys might be chasing a pump but just be aware of who you are giving money to. Its been at least a few months since I've posted here but consider this a friendly reminder and a big warning to people who are new to this thread and don't know. Too bad this can't be translated to chinese? Someone should do that.

This is bullshit. Patricks role in BitBay wasn't exaggerated. He got 200 BTC from an ICO where he bought almost half of it with fake volume and then he left the project and dumped his BitBay. Period. Despite me trying to get him to partipate, he didn't and then he turns around and does this and fakes the volume here too.

Patrick is evil and should burn in hell. There is no such thing as free money he got BTC that he didn't do any work for and then left the project within a couple months.

Then I bust my ass coding alone with no support for 2 years blood sweat and tears. It won't matter if Qtum shits gold bricks. The founder will always be a theif.

The fake profiles here is just to fool investors. Same modus operandi. Qtum team bought almost all the supply so they can do the exact same thing here.

Maybe in theory however I'm not a big fan of blockchains on top of blockchains.

We have a bootstrap. I should update that actually. For now the QT is "lite"

Yeah just like munti said, I promised our core that all new templates and feature go exclusively to us. So cryptohunter your friend is incorrect to hold so much Sys when they have centralized arbiter and doesn't solve any real world problems. He needs to understand that BitHalo only gets bug updates from here forward. Exotic spending and all the remaining templates go here only until potentially a long time after pegging. Whatever achieves maximum impact for the people invested here.

Currently, investing in Bitbay is no the only way to truly invest in Halo. I don't control Blackcoins codebase and since people here invested in Halo directly they deserve to see it succeed. BitHalo/BlackHalo is still my product and baby but we have the rolling peg and a lot of other things here.

Also our markets work and have hundreds of little features that Sys doesn't have. So it's a bit funny to me to see the projects being compared. If you have trustless markets you need trustless escrow or your markets simply aren't trustless.

Yeah I tried calling Steven and Lin there was no chance for me. I had 3 btc stolen on their exchange, no luck getting it back. They are so rotten i wish i had time to fly to china. Thats the only language they understand.

As far as things like court obviously its a waste of our time. As I've been spending 2 years coding this and the community just keeps spreading and our slack is over 500 members.

I really hope anyone who had funds there gets them. There was months of warnings of delisting but obviously its something that can be missed if you aren't always checking this thread. I highly doubt they sent emails. Knowing Lin, he probably sold the coins that weren't his. And Steven started Qtum under the name Patrick and is stealing again. Even when everyone knew it, Ver and the others still backed Qtum. Totally absurd.

Whatever you guys need to do, even if it means tweeting them or sending PMs. Be persistent and please let me know how it goes.

This isn't true. The deposits are cusomtized. And buyer advances payment usually. So if buyer doesn't release funds he loses advanced payment and deposit but deposit can be 25% or 50% or even 0%. There is even unilateral decision a guarantor contracts.

So you as a seller can easily sell the car with just a small amount of collateral. A power seller who has a good reputation may place much smaller deposits.

Everything in this software is customizable. We only recommend equal deposit with new untrusted sellers. But there is also a reputation system and their risk of default is mathematically predicable. When we do the rolling peg even having frozen funds as.collateral may be an option.

Well Ethereum has funding and we don't. BitHalo was before Ethereum and BitBay is the coin made based on Halo. The reason we are higher than them is because the idiot founders stole the funds to harm BitHalo and my rep so we had to operate for 2 years without funding. That makes is hard for me to market and code.

Eth has 10 marketers for each coder and i think they don't really even care about making a product. They raised 100+million easy especially now with the spike and their user interface is a joke compared to the one we have here which was essentially free.

So honestly if we had funding we would have solved all of cryptos issues by now.

But the good news is, things have been working in our favor lately, the founders are a distant memory, BitBay slack has around 500 members and we see new ones daily and honestly this is a great start considering the peg hasn't even started yet.

Also the amount of BitBay that gets frozen has nothing to do with how much you hold.

If you have 10 coins at $1 and 50% freeze you have 5 frozen and 5 liquid. If the price rises due to that freeze to $2 then you still have $10 liquid and now more money frozen except the frozen funds are a more speculative price (potentially another 10 dollars). If someone has 100,000 coins and its worth $1 and 50% freeze they have 50k frozen and liquid at $2 is still 100k

So the freeze doesn't have anything to do with how many coins you hold. It works fairly for everyone. Be happy you are early and can hold coins when they are fully liquid as its a nice advantage to be early.

---

Unfortunately BTER owner is a theif. In addition to the problems we had with them, they also stole millions of btc in a "hack" later, dumped their bay and delisted it. If you want it back you will have to talk to the owner Lin or try filing a ticket or complaint with them.

To be honest, i'm shocked the exchange still exists after everything they have done.

To bring things back on topic the massive list of features is here:




And this is the software in action!
https://www.youtube.com/playlist?list=PLILfNPSQCo6yjFiwXY6-C-ikIDs6v2nHU

It performs unbreakable contracts using 2 party trustless escrow with no middlemen. It can do:
peer to peer cash deals that cant be broken
trustless barter and farm co-ops
unbreakable employment contracts
smart contracts

It was the worlds first decentralized markets:
https://motherboard.vice.com/en_us/article/this-decentralized-bitcoin-market-is-for-legal-stuff-only

Look at the date to confirm.

BitHalo was the worlds first smart contracting platform years before Ethereum and I'm the dev of BitHalo.

And there is just a lot more to it!

So to answer the question of this thread the reason why the price is low as a few people pointed out was a group of guys stole from our ICO and tried to harm my rep, so for 2 years I kept coding without funding while they sold all their coins. And finally they ran out of coins and our price recovered to 3 times above the ico price! (Now Its about 2-2.5 times)

And things will continue to improve. I don't market the software much as I'm busy coding so another thing is, most of the hard marketing work is done by our community and slack team. As we need more employees. So those are some of the things. It's a matter of time before we get those resources and with or without it, I'm going to finish the remaining features you see in that jpeg.

In the meantime, download the software prove to yourself it works, actions speak louder than words and ignore propaganda. "Prove all things". The news fears double deposit escrow. However that is a very good thing indeed. A middle man doesn't want to support software that makes him obsolete.

Not only did I answer your so called "concerns" but I expanded on each one in great detail. However even if you aren't a shill you are a pretty negative person so you do the job the government pays people to do for free! You should look in the mirror and carefully read over your comments and think of weather or not they need improvement. A fair amount of introspection can change your life. This thread is about BitBay of course I can respond to comments about the software I created! You can't be serious

hahahah you think me or any of the investors give a shit about accusations from Bobsurplus and his government mossad friends?? What a joke. Sure bring up the past! I'm an easy target. I was the one that exposed everything and posted my addresses, told the news about it, spent hours on the phone with Ian Demartino showing him my chat logs. I never avoided answering questions. I exposed the project the moment I had enough proof of Bob/Gekko/Dai and Lin were planning to steal from it. AMA. I'm one of the most honest people you will meet.

As for you quoting me from an earlier post, I'm well aware you were referring to that comment before. And you clearly are taking things OUT OF CONTEXT.

I'm not psychic, there is volatility in ALL coins including Bitcoin. Bitcoin goes up and down 10% a day so it doesn't qualify as a currency.

Bitbay is seeking to solve that problem. And you glazed over my point about why forking is a good thing to constantly improve protocol.

So lets talk about the 2 things I mentioned in that post. The 1st about it getting pumped too high on deflation is solved by simply allowing the coin to inflate above 100% or giving a variable interest.

The 2nd concern of a stalemate or someone having too much vote power is easily solved by moving to a purely algorithmic system not based on voting.
So the problems I pointed out have easy solutions. Its just the first iteration of the software will be a sort of experiment on the art form of supply control. Its an art and a science and I want the users to be able to vote in the first iteration because they can partake in the economy.

As for me calling you a shill, yes you certainly sound like one. I've been propagandized by a government agency in the past so I definitely don't take kindly to people who start ignoring the positive things we bring to your attention and only highlight negatives.

You saying "and then DZ came"... hahaha my name was mentioned multiple times as well as the project I spent 3 years coding. So yes I responded when I see people talking behind my back and you said things about the project that are totally untrue and have nothing to do with the tech.

But perhaps the TRUTH is revealed?! You spent your life in the software industry yet you can't make something like BitHalo/BitBay. Apply your talent and work for us. You probably made money, apply yourself to making the world a better place perhaps? You realize I made BitHalo/BitBay self-taught and working alone. Perhaps that bothers you? Maybe you are a little jealous?

Don't take anything personally. I said when you want to have a mature conversation about the technology we can do that.

A product IS THE SUM OF ITS FEATURES. So yes, I talk about features. Nothing compares to this software, and you know it.

But seriously you can bring up the past, call me names or point out things you "think i did wrong" as if you have some bargaining chip over me?? Please I think you confused me for someone who cares about my image (HINT: I DONT). Hahaha... if you are going to judge a person based on obvious propaganda then there is no saving you.

The fact that this is all you got from reading that shows how poor of a listener you are. Nobodies money is at stake. Double deposit doesn't have third parties. I can't shut down the markets even if I wanted to. The cat is out of the bag. And speaking of people's money. All the investors profited.

Lastly the pegging has no flaws. It's just going to remove the need for a market maker and replace him with technology. It's the only way in the world to do decentralized pegs, doesn't rely on trading tricks. If you had more humility or was a better listener you might actually learn how the protocol works. It's very clean and pure and simple. I doubt we would ever need to fork because money always moves. If we ever had to it would be to improve it. Bitcoin sucks because they are not improving protocol and fearful of forking. It's a joke forking is great it means you are constantly maintaining and improving protocol. We have decentralized voting and recently voted on a fork so it's absurd that you think the coin is all about Zimbeck. It will exist without me. It was designed to work in an anarchy.

And lastly, if a piece of software isn't a sum of its features then I'm not sure what it is.

You talk about us having features as of its a bad thing. Almost hilarious you came to shill and complained about me having features. Sad but funny.

I drive a car because of its utility, I use computers for their utility. Bitbay has more utility than almost every other coin which is vapor marketing nonsense. Unless you want to argue in the favor of Dogecoin?

Didn't think so, adios. Aparrently the only thing not worth responding to is you. Come back and talk to us again when you grow up and gain some humility. When that time comes we will be happy to answer your questions.

Have you updated to the most recent Mac wallet? When did you download this one? Also the Mac wallet runs in a wine build. It shouldn't freeze though. You should switch to the markets wallet anyways since thats the one I develop. If you still have problems feel free to hop on slack and talk to me.

---

I think I've got to start a bounty thread... enough is enough. We need to start building our communities in places like China, Venezuela, Greece, India etc.

It's superior to localBitcoins. Look at the cash for coins template. The deposits prevent theft of the cash and eliminate escrow agent. So it's the only P2P trustless cash system in the world. And with China shutting down a lot of cash deals we could see a huge influx of users if we can market to them. Not to mention Venezuela

On no, well good luck finding it. And be careful with old hard drives. I think the best backup is M-Disc because those last 100 years. Hard drives can go bad after a couple years of non-use. Printing on paper is also a good habit.

Hey so I see you saying a lot of things that you seriously make up as you go. Do you enjoy arguing with people or do you have a genuine interest in making the world better?

To say "this coin doesn't bring new things to the table" to me is one of the most absurd things you could possibly say (no offense). I have busted my ass, blood sweat and tears to work on BitHalo and was then hired and propagandized on BitBay just to bring the world double deposit escrow, unbreakable contracts.
The problem with society that I have repeated like a broken record, and will continue until the worlds ears bleed, is that third parties are the problem... middle men are the problem. This software, which has taken me about 3+ years to develop ALONE (I would fucking love you to show me another project who has a dev to claim this) was all done to bring unbreakable contracts to the world to people like you.

Double deposit escrow is arguably more disruptive than Bitcoin. The theory being that both parties invest a deposit into a joint account and thus there is an enforcement layer and a deterrent if you will that forces the assailant to face his victim and lose funds if he deceives the counter party. The theory is to bring honest people above deceptive ones in society. When I first thought about this, I was so excited I taught myself Python from scratch and built this shit. So to tell me and others who see the value in it that this doesn't bring something to the table is utter bullshit.

Unbreakable double deposit contracts are the ONLY way to do peer to peer trustless cash deals since arbiters cannot possibly know or enforce international cash deals. This means a peer to peer cash gateway in BitBay and BitHalo respectively. That is so signifigant its mind blowing. Also, the contracts and markets being anonymous cannot be shut down even if I "die" so to speak. The source code is open and someone can pick up the torch where I left off.

Unbreakable contracts SOLVE the problem with unreliable international outsourcers that pad their hours and lie about credentials because the employee and employer put up a deposit and thus would both lose if the employee tries to lie about their hours. This in the long run saves the employer endless amounts of money because they will force employees to do the impossible: THEIR JOB. I've used it myself and it works. Yes I drink the kool aid.

Unbreakable contracts SOLVE the "empty box" and shipping fraud scam. I even had a friend who lost 100k+ in supplies in a shipping theft and when suing the party spent his life in court unhappy because nothing came out of it even when he won they didn't pay. This system solves it because empty boxes and other tricks are enforced by the deposits so it REMOVES THE PROFIT INCENTIVE FOR THEFT.

Unbreakable contracts allow TRUSTLESS BARTER and farm co-ops and thus is the ONLY peaceful contract that would work in an anarchy. Its the ONLY contract in history NOT BACKED BY GUNS. Behind every lawyer is a gun!

Up to 50% of Bitcoin at least has been stolen due to escrow theft (mt gox, sheep market, silk road, cryptsy, bitfinex, mintpal etc etc etc). If any of those platforms had double deposit the theft would never have happened (most were inside jobs of course). Bringing me to Open Bazaar and BitSquare which 2 of 3 escrow can easily be stolen by escrow agent colluding as buyer/seller and being anonymous posing no risk. That 3rd party?? GONE.

And don't even get me started on the "wall of features" in BitBay. Anti-Keylogger, Steganography and pay to email, BitHalo itself being the worlds first multisignature software before Armory. The security is so pumped up that it would be a joke to try and hack these accounts with your keys hidden in images and the automated 2 step spending joint account features to let a user sign a TX using two computers!!

This coin isn't different?? Screw that, show me one coin that has a piece of software with contracting user interface. NXT contracts were totally arbitrated and breakable and the markets had no enforcement layer and wasn't decentralized. These markets are because they are serverless and based in Bitmessage, they are not bloatware or blockchain based. And furthermore even Ethereum doesn't have a UI for offer/counteroffer contracts and even if they could do double deposit they have no interface for it. This interface has taken a chunk out of my life to make for people like you! To help consumers have better lives.

And me having 10% was know, all the addresses posted on reddit, I already had my name mocked by government trolls and had to deal with this cesspool called "bitcointalk" run by Theymos who works for a senate office. I was lucky to have a community in my corner who supported me. I didn't even give myself that 10% it was given to me by the founders who left with the funds. At this point, its a vested interest and I don't even sell any Bitbay ask the hundreds of community members who talk to me daily on slack. I've been working 3+ years WITHOUT FUNDING. And a shout out to all the other devs in crypto who go unnoticed for your hard work while investors bitch. I feel your pain! The devs who work like dogs without funding. I'm one of the few, I think there are a couple others. Granted, I hold crypto and made money from simply holding coins. But I can't trade and code. Try it yourself tell me how it goes.

And while we are on the subject of premines... say hello to Bitcoin!! You don't have a problem with Craig Wright, the NSA, and FBI members who ran silk road and all the govt thefts and hacks to steal so many Bitcoins not to mention it being popular on Tor made by the Navy and "Sathosi" having billions in coins or the WinkleVoss Twins who could crash the market in an instant if they wanted. Or how about people collectively selling?? I will argue Bitcoin has no better distribution. I don't even hold the most coins, there are a couple investors who bought up a big chunk in Bitbay too.

If you don't like people holding a big amount of supply I would avoid the USD since the federal reserve is allowed to DOUBLE SPEND printing infinite amounts of money and giving themselves funds for free in electronic accounts with their criminal friends at Swiss bank who used to have like 70% of the worlds secret money supply or how about the military who embezzles trillions of dollars and conveniently keeps their names off Forbes?!

Or you don't like premines how about DRK which is now DASH which had a signifigant premine almost 100% by the devs. And then there was Ethereum who has probably a premine as bad as DRK which somehow magically sold itself out for 40 million despite NOT HAVING A PRODUCT. And then they just so fortunately get deals with Microsoft and huge banks. Then all their ETH ICOs has Gavins name on them, they fund in minutes without hardly any marketing where its pretty clear the devs buy their own ICOs. And then there is the DAO where they obviously gave themselves kickbacks since it raised 100 mil, had a bug they audited and exploited and probably a few insiders shorted.

Look at wall street. Companies where the stock only sellls a few percent of its supply and the board of directors almost always holds more than 51% of preferred shares and those trade trillions of dollars.

So honestly your points are not true. You just haven't done the research. You aren't me, you don't know the investors and why they are so excited about double deposit.

And lastly without going too much into it, you mentioned the peg has been tried before in other coins? Not true. You just don't understand how I'm doing the peg. Its done by freezing and unfreezing supply evenly for ALL users its not opt in and gives various liquidity speeds for the money since the frozen funds are slowed with an option to transfer in a one month time lock. This is the ONLY way to do a decentralized peg. Its not a hard peg but we could make it that way, its more like a "crawling peg" in economics.

All the other coins that did pegs failed because those were CENTRALIZED. Nubits uses custodial accounts who front run the market and absurd interest rates offered for parking and then burn so you don't hold ownership over previous liquidity. NuBits peg failed before. Tether is of course centralized and already broken below a dollar and run by same parent company as Bitfinex?? Yeah we know where thats going. And lastly BitUSD and market pegged assets of BitShares are the closest to being valid however they rely on trading tricks and experience low liquidity and are subject to black swans and the whole set of pegs can crash if BitUSD crashes.

Ours doesn't have any of those flaws, is as simple as it sounds, control of supply by freezing and unfreezing. Yet quite complex to code and I wrote a 20 page whitepaper.

The code itself is 50,000 lines of completely original code. So you were saying what does this bring to the space? What doesn't it bring?

Actions speak louder than words, my software works and actually does something. And people even have started to use it! See it in action for yourself:
https://www.youtube.com/watch?v=HrXUZRGd1hE

And sorry if I come off as emotionally invested, I am... can't help it. I really want double deposit escrow to be known and used in this space. SDC tried to copy it but they failed and abandoned the brand. I'm hoping more people will attempt it but I know its hard because of how much work this was.

If you don't believe me, try and code it from scratch yourself and I think you will change your tone.

Thanks for remembering those details. Also I should add to automate the vote would be what most people will do. I was thinking we might have to add another option to that dropdown box which is "vote towards target" and have them vote to a target supply or price. Its possible to only let those decisions for each user run for a week or so to force them to occasionally check the software again to recast it. These are mostly user interface decisions but not protocol.

The idea of how centric do we want to make an algorithm gets closer to the heart of protocol.

Actually the frozen supply can effect demand in a good way. There is a bylaw being added to allow transfer of frozen supply on the condition it is locked in a 1 month time lock. This "slows" the frozen funds so you could just say there are variable speeds of liquidity. The slowed funds are used for bonds, credit swaps or trustless loans and really all kinds of cool instruments never before thought possible in crypto.

If there becomes a speculative market, i would think the frozen/slowed funds would become the speculative market. Because those give access to voting power, can be staked for interest and also serve as a future. It will be one helluva fun trading game.

I can see the peg falling into the situation you described. A few potential risks is it is deflated too much so the price goes way too high and cannot be recovered to that target. Another risk is the network can't agree on a supply so it gets stuck at a certain level.

But consider that there is always changes to the economy and the ones holding. So most likely it would never really get stuck at a specific supply. Someone who buys up 100% of the liquidity would end up seeing the supply inflate. So i think as long as there is consistent demand that is something we shouldn't worry about.

But lets say this happens. Then we would want to consider forking to update the algorithms perhaps?! The cool part about this is that its an awesome social experiment so we can see how it goes and adjust and get inspired to improve upon it with better algorithms.

In theory, we can do it based purely on algorithms without voting but for now I really like combining the two.