For the person above ^
Its not "sketchy" that we havent finished the website. Who would have time for it? I'm working on a highly complex markets system and our other members
were working on the urgency of getting nodes hard coded so you can always stake! The reason this was priority is because if people don't stake for too long, there is a time stamp issue with the block and we would suffer a fork! That problem had to be addressed first. The next thing they will work on is the website.
As for the point about markets not being exclusive to BitBay I agree. But here is something to consider. Blackcoins markets was branded for NightTrader the microtrading exchange platform in their markets. BitBay is a better brand for markets "aka the ebay of bitcoin". So from a marketing perspective, the two coins are very different from each other. I love BC and would never recommend against it. However pegging is good for markets specifically because it can reduce volatility while people make purchases.
Consider that Bitcoin ALSO gets access to the markets. How can we have a market in BlackHalo/BitHalo/BitBay if people can't use the most popular currency of Bitcoin?
Coins have different brands and different roles in the industry. There will always be unique differences between the coins I'm developing for.
It tells me that BitBay for you is a "brand" for the markets that you are developing for TWO other coins. But instead of giving BitBay (brand) "NightTrader", only BlackCoin has it? Why is BlackCoin also getting markets if it was "branded" for NightTrader? Really, where does the investment go? such confuse. You will probably see a lot more coins develop markets. Maybe even with halo tech or something thats just as good. The difference is who the markets are suited for, and the chance of success. Bay will be good for ordinary consumers because it will be pegged to US$, so it will have stable prices. It also has a good chance of success because it will get a flying start because of the alibaba-connection. Meaning there will be real sellers there from the start. |
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Yes, it is the trading wallet
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finex has 3 different deposit addresses, exchange, deposit, and trade. Which one do I deposit to in order to use the bot?
what is the minimum deposit to make it work?
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I think it's Bittrex that has had a hickup. I've been watching closely, and I estimate the volume to have been around 3 bc, increasing to maybe 8 at the dump.
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HarryPotHead
I'll ignore your manners for now, and argue like you are a sensible person.
Personally I like BC better than bay, but I chose to invest in bay because I saw a potential to go mainstream with it. The name Blackcoin makes me think of silkroad etc, and therefore disqualifies as a serious investment. I'm perfectly aware that a lot of people in crypto are there because they are worried about others seeing what they do. But you do want crypto to become mainstream don't you? There is no way that's gonna happen if anyone can do what they want without governments checking what they do. Bay presents itself as a coin that targets Joe, Jane, and my grandma. If it at any time becomes successful it will have to deal with regulatory issues, so why not prepare for it right from the start? Specially when it helps achieving the goal of keeping guns and drugs out?
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Hey guys I see the feedback. I wanted to clarify. Im only giving an option for anyone with a moderator key (not just myself) to be able to remove heavy drugs and contract killers. For something that is illegal in some countries and legal in others, we can let it slide. Perhaps "weed" is OK as long as its legal where its being sold and sent. So I mean its not necessary for me to be babysit it. It just gives me the option to protect my ass if i have to.
Also, its still decentralized because if I stop moderating it, then who will moderate it? I will give out the mod key to a few friends that I trust. I believe in free markets. Actually I am a cryptoanarchist. But that doesnt mean i shouldnt consider what just happened(I got sabotaged) and think "Ok, lets not let that happen again"
So yeah, its decentralized. People should be excited that finally there is a decentralized exchange and barter and employment and all the things crypto is missing. If they want drugs im sure they will reverse engineer it or go to Tor/Onion network.
And the answer to the question about spoofing IP addresses. Not only will a ban force them to use a new one but also will ban the BitBay account and Bitmessage account used with it. So they would have to make everything new again.
There isnt really a way to prevent anything on a decentralized market but it helps. Also, later i can add a second layer of trust building and whitelists if needed.
You could try something like that, but as you say, there isnt really a way to prevent anything on a decentralized market. How about combining it with easy access to the ip addresses for government agencies like police and interpool. That would scare a lot of buyers of illegal goods. |
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Lets just close this thread already, download the new builds they will be up at the new site, and do whatever is necessary to move forward. Move to the other thread if you havent already.
Thank you.
Actually, I tried to move to the other thread. But somebody deleted my post. So why would I bother? This is what they deleted: I was among the top 25 on the rich list, and I was there because I saw a big potential in the tech. I still do. However if you guys are aiming for something more than a dead cat bounce, there are some issues that need to be addressed. Lin. Scam is the only word to describe his part in this. If he does not face up to his responsibility, this is going nowhere. He holds far to many coins to be ignored. David. Actually I believe him. I also understand it was a difficult situation. Nevertheless he did make a big mistake in not revealing the situation earlier. He is also one of the five that split the loot. Steven. I don't know. For now I will assume Davids description of him is correct. If so, his part in this has like Davids been more stupid or naiv. But like David he got his part of the loot. Bob and Gekko are out (I hope), so they are not relevant in the discussion about the future. So, what now? I would like to see this coin survive. However I think there's no way that's going to happen if this mess does not get cleaned up thoroughly. Basically no one will invest in a coin that's controlled by known scamers. That goes both for who's making the decisions, and for controlling a large part of the coins. In plain english; If Lin, David, and Steven choose to keep their free coins, there's nothing more to discuss. Bay is dead. If they commit to use them for development, marketing etc. then there may bee a chance to get out of this mess. It would of course also be necessary to hire someone respected to be in charge of Bay. Full Transparency goes without saying. Its probably because you talked bad about Lin. Lin and Steven arent in the same league as the others. I dont moderate that thread but I'm sure they try their best. Just keep it positive thats all they want. So how do we move on? Obviously to get anywhere we need to address some very unpleasant facts. There is no way to do that in a way that will be flattering to Lin |
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Lets just close this thread already, download the new builds they will be up at the new site, and do whatever is necessary to move forward. Move to the other thread if you havent already.
Thank you.
Actually, I tried to move to the other thread. But somebody deleted my post. So why would I bother? This is what they deleted: I was among the top 25 on the rich list, and I was there because I saw a big potential in the tech. I still do. However if you guys are aiming for something more than a dead cat bounce, there are some issues that need to be addressed. Lin. Scam is the only word to describe his part in this. If he does not face up to his responsibility, this is going nowhere. He holds far to many coins to be ignored. David. Actually I believe him. I also understand it was a difficult situation. Nevertheless he did make a big mistake in not revealing the situation earlier. He is also one of the five that split the loot. Steven. I don't know. For now I will assume Davids description of him is correct. If so, his part in this has like Davids been more stupid or naiv. But like David he got his part of the loot. Bob and Gekko are out (I hope), so they are not relevant in the discussion about the future. So, what now? I would like to see this coin survive. However I think there's no way that's going to happen if this mess does not get cleaned up thoroughly. Basically no one will invest in a coin that's controlled by known scamers. That goes both for who's making the decisions, and for controlling a large part of the coins. In plain english; If Lin, David, and Steven choose to keep their free coins, there's nothing more to discuss. Bay is dead. If they commit to use them for development, marketing etc. then there may bee a chance to get out of this mess. It would of course also be necessary to hire someone respected to be in charge of Bay. Full Transparency goes without saying. |
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I guess they are going for the dead cat bounce. Why else delete this in the official thread:
I was among the top 25 on the rich list, and I was there because I saw a big potential in the tech. I still do.
However if you guys are aiming for something more than a dead cat bounce, there are some issues that need to be addressed.
Lin. Scam is the only word to describe his part in this. If he does not face up to his responsibility, this is going nowhere. He holds far to many coins to be ignored.
David. Actually I believe him. I also understand it was a difficult situation. Nevertheless he did make a big mistake in not revealing the situation earlier. He is also one of the five that split the loot.
Steven. I don't know. For now I will assume Davids description of him is correct. If so, his part in this has like Davids been more stupid or naiv. But like David he got his part of the loot.
Bob and Gekko are out (I hope), so they are not relevant in the discussion about the future.
So, what now?
I would like to see this coin survive. However I think there's no way that's going to happen if this mess does not get cleaned up thoroughly.
Basically no one will invest in a coin that's controlled by known scamers. That goes both for who's making the decisions, and for controlling a large part of the coins. In plain english; If Lin, David, and Steven choose to keep their free coins, there's nothing more to discuss. Bay is dead. If they commit to use them for development, marketing etc. then there may bee a chance to get out of this mess. It would of course also be necessary to hire someone respected to be in charge of Bay. Full Transparency goes without saying.
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Can the people that have been scammed, and with all the fraud that's been committed can 'we' the community sue the devs and bter?
Anyone know law?
You all claim to have records which you will have to hand over otherwise you will be withholding information which is also a crime.
I would like to state im willing to continue the coin as promised make my personal involvement transparent. My history, how i was hired on and clear my name. Ive never scammed anyone lets make that very crystal clear. I'm looking for peace. I can do in my power whatever is needed to make the coin great. Investors only suffered so far a minor drop. I'm of the impression Bob and Ryan sold most their coins already. I think Steve & BTER will also be willing to do help as well with what is left of the funds. In the new thread we can take the full communities response (the real one not the paid fake one). Everyone, lets move over there please. For investors I'm strongly considering a 1:1 exchange. My dev schedule has suffered a small setback because of this. Nothing that we cant push forward from. It can be positive and transparent. It will be. Thats why I was hired for this license. Thank you. And what about everyone who sold at a loss when this coin tanked when the news of your partnership with Bob Surplus came to light? and the fake BTC at Bter? what does your compromise offer mean for them? My understanding of what was going on was after my deposit was paid and the ICO was started. I didnt know who Bob was, I can prove that with relative ease. For the people who are upset at BTER one thing to consider here. That is a much more difficult and complex thing to pursue. Bitcoin is still unregulated. I'm not sure you will get far on that. They did after all pay as agreed the bitcoins to each party that was drafted. Very difficult if not impossible to make any case on them. If anything my info defends them. They bought their own coin. I'm not aware of what law that actually broke. However, threats, defamation, brand damage, (need i list all of it this page would be filled) are very clear and transparent are illegal in any country Bob and Ryan run to. Easy. BTER and Steven are happy to pursue what is left of the BTC that wasnt extorted from them. Bter released the bitcoin before milestones were reached. In my country that would be a serious crime. |
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I would really like a statement from bter and steve regarding this mess.
I believe they were good. I'm never aware of a single moment Steven was not trying to grow the project. Bob and Gekko made up the FAQ, for my to correct it there was a lot of pressure for me to develop. I was working like a dog while they hung it over my head lying all the time. Their group made and controls the website. If they are in control of the website, I would really like you to give us a safe place to download the wallet. Avast disabled the one I downloaded from that site |
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David. This is another vote for focusing on the important stuff first. Pegging can wait.
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[/quote]
Maybe we should set a smart contract regarding when the price will hit 300?
[/quote]
Good idea. Is there a way to let a lot of different people set different dates in the same contract? Winner takes it all.
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Yes. Please finish it first. A few more days or weeks is not what's important here.
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79950 2014-11-25 10:50:22
50 blocks to go! definitely somewhere in the 11:?? time
It looks like it's projecting around 11:25 to 11:45 GMT at the given rate at the moment.... I think you are right. Probably at 11:26  |
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As demand rises... I had to surgically extract this short little phrase out of your commentary being that for me it represents the elephant in the room right there. I can see how the supply can be managed ok. It's the "as demand rises..." bit that seems to trip off everybody's a bit too easily. Where is that demand going to come from ? eBay has an operating income of over $3 billion dollars. Taking market share off them will be like pulling teeth because the nature of auction markets is such that the bigger the audience for your auction, the higher the price you can sell your stuff at. Where's the "demand" half of the price equation going to come from for Bitbay markets ? How will people be encouraged to adopt ? I can only see 2 answers but I'm absolutely open to other suggestions if I've missed them: [1] - create new markets which exclusively use Bitbay [2] - get existing ones (like eBay & Alibaba) to adopt your coin as a currency and sell the idea that they can extend their platform feature set based on the coin's bockchain In either case the offering must swing on features that users can't get elsewhere. What would those features be and what prevents a counterparty with huge infrastructure like eBay from implementing them ? The basic appeal of a cryptocurrency is twofold: - you ditch the counterparty (banks) - you get your hands on unlevered base money (which you don't do with fiat money) I can see one area where that appeal translates to bitbay - in attracting users who don't have access to bank accounts and therefore can't get registered on eBay. That's one clear, well delineated group of potential adopters. What are the others ? I don't think you understand the technology and I think you are embarrassing yourself by continuing to not understand it. He might have come on like a fudder in the beginning, but lately toknormal has been asking some very valid questions. toknormal: I was in the dotcom wave. Most entrepreneurs tried to use the internet to solve old tasks in a new way. Very few were able to imagine totally knew things. The success of facebook, or google's businessmodel were beyond imagination. I believe the same thing will happen with crypto. I also believe smart contracts will be an important part of it. So, basically I believe the answer to your question is no one knows yet. We do however know that BAY is a very modern coin with a lot of features and a very respected dev. That should be a very good startingpoint for those of us that are able to look beyond the known. |
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See the 4 vids recently posted, but mainly you need to go back and read some of zimbeck's earlier posts to alleviate your concerns (as most of the concerns you have he's already addressed).
[/quote]
4? I only saw 3.
I actually only have one consern; How much money out of the 3000 BTC will be left for development? I have read the whole thread, but can not remember seeing anything certain about that. Could you point me to any specific posts?
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3000 BTC worth sold in a few days, and trading volume in the following days only 28-50 BTC pr 24h???
My guess is those claiming they bought in to their own IPO are right. That however, need not be a problem. It is actually common in the stock marked that major shareholders or others guarantee that all shares will be sold when new shares are printed or at IPO's. In return they get a fee or a discount. I'm more worried that I have not found any guaranties that the money raised will actually be used to develop and promote BAY beyond what they need to do to fulfill the conditions set to get their money from Bter. There is a lot of work that needs to be done after that, and it will require funding. So, those of you saying we have 3000 BTC to develop this coin for, can you ease my mind?
For the record, I have no reason to FUD. I already have enough BAY.
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I transfered 300 000 BAY from my wallet to exchange. My transactionslist shows it as 300 001 (tx + fee). Blockexplorer shows additional 478.93 went out (They are actually missing) to BP2jwuJixkCgiemTsUzeYDwAB2vCb5NAoK. Is anyone able to explain this?
Now that we have someone from the Bitbay team here, I hope I can get an answer |
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