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Also the Mac QT wallet has been updated. So anyone who used the QT wallet (not the markets one) should update to the new one.
Our stats showed almost nobody was using that wallet but please make sure to update. Let me know on slack if you are thinking of importing your old account.
And stay posted guys cause I'm working on a really nice new set of updates to the market wallet. Will update the stake pretty soon. Investigating what other things we might include with it.
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I actually dont know jack shit abt Bay's coin supply.. can any1 elaborate? cuz for me, 800 sats for a 1B coin supply is just fucked up. I just wanna know what this peg thing is alot of people are talking about...
Yeah I know what you mean, the USD is a supply of infinity (if you are fed reserve) and otherwise countless trillions. Marketcap matters not supply. What's will all these new profiles repeating the same banter? The rolling peg allows us to vote on freezing coins and it effects all users equally. Coins then have unique liquidity so each coin would maintain those properties to everyone who receives it. This allows us to force the price of liquid coins in a dynamic way allowing us to vote on supply constantly throughout the day. Totally decentralized market peg. Forcing stability at the same time as allowing price growth |
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Okay I have solved the issue with Mac QT wallet. Please anyone who is on Mac QT switch to the markets wallet until its fixed. Thanks. Please do not deposit to the address it has generated. Apparently it was run once and that wallet is being shared because its a wine build.
I want to stress that I have been developing the markets wallet which is a far superior wallet in terms of security.
The download was taken down until that Mac QT is updated. Thanks.
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Hi there! I download the QT Bitbay wallet for Mac some days ago and transferred all Bitbay coins from Bittrex to that wallet. Everything was fine till I opened the wallet today and my coins were gone. Apparently they were partially transferred to another address. I just started recently going into cryptocurrency so it might be the case that they are not even lost, and I just do not understand what is going on. I would appreciate if anyone could help me out. Thanks  Mika92 Could you Private Message me your receiver address? We've recently had another person also on a MAC QT Wallet that is having issues with his coins 'seemingly' stuck in 'limbo land' between his wallet and Bittrex wallet. If I had your address I could compare the 2 on the blockexplorer and see if they are similar. Also have you tried to open a support ticket with Bittrex? It might be worth the effort to see what they have to say about the matter. The other person having an issues is showing his address sending and receiving his coins back and forth from his wallet to bittrex - over and over again. Sorry this is happening to you, can't make heads or tails of it yet, but would like to help anyway we can. Another option to try is to run a VM on your Mac. Load up a Windows or Linux Debian OS an try to load the QT wallet on that to see if the same thing is happening. Yeah the network distribution is excellent: https://chainz.cryptoid.info/bay/#!extraction The hash of the Mac QT on my computer. Matches the one on the site. (I just checked it) EDIT: SOLVED |
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I doubt this coin will moon to an extremely high level simply because the supply is so large, but it does has tons of room for growth. I don't see any reason why it couldn't hit 50 cent a coin in a year or so.
This is definitely a project that I will be keeping my eye on though, that's for sure.
Dude supply has absolutely nothing to do with it. What matters is marketcap and volume. 10 coins that go from .1 to $1 is the same gains as 100 coins that go from .01 to .1. Also the rolling peg will be able to freeze the supply allowing the liquid coins to be more valuable. And with that rationale you better avoid Fiat! I hear the the USD has a supply of countless of trillions (or in the case of the Fed Reserve infinite) |
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I saw discussion about this concept of locked fund for certain time and reading more to understand well that how it actually works and everything related to this. The way Bitbay is progressing it is impressive and today we are experiencing nice appreciation in market as well. I am reading all your posts about others projects as well. You are doing great work.
Actually... in the next update within a month or so, you will be able to "park/freeze" your funds. So you can already simulate the experience of seeing it in the user interface. But that feature will only be used to slow down frozen funds and the actual rolling peg client is a lot more complex. But this will give the users time to experiment with these new types of payments. |
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Realize that parts of the supply get frozen to enforce that peg... which means a portion of your funds may be worth $1 and the rest are frozen and can traded in a 1 month time lock at a discount.
So yes we can force a dollar this way and make it completely FAIR to all users. By controlling supply using votes and freezing... we already have the voting as proved by the recent vote to increase the stake %
Because the peg can roll price can be forced to be equal to above or below volume essentially forcing any price in a totally decentralized way.
So yeah... there is a reason I don't sell my coins. And a lot of the core investors who have been here for years feel the same. It should be done within this year hopefully and there will be lots of cool updates along the way.
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And keep up the great work, David.
Any estimated time table on the forking?
Well as you know forks need to be planned and adopted by ALL our users. So yes hopefully within 1-2 months(when it triggers). I'm going to do a list of performance updates first. Those updates may not even be synchronized but I will definitely let you guys know when its ready. Since the fork would be adopted early to ensure it transitions correctly. |
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Nice upswing today against a btc upswing too and ltc.
I wonder if a certain exchange will list us soon. Got to be a possibility now really.
Any mini updates of things happening in the background?
I know you guys love slack but It's great to keep this thread on page 1 as much as possible so many new members looking for good opportunities. I get told thanks for pointing people to bay quite a bit and they say they never heard of it before. Hard to believe but I guess there are so many shitcoins clogging up the ann section it's not easy to spot the useful ones.
I'm updating the OP actually... and I'm still working on the next round of performance updates and a may release the stake update with it. |
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makes me wish i bought more
Now that I have a little bit more understanding of how the DEX works, I am not really that bullish on this project anymore. The way I understand it, it requires everyone to download the full blockchain of each coin they want to trade. How inconvenient... If that stays a requirement, then I'm not sure how big this can get (as far as volume/liquidity on the exchange). Dan said he will be working to address this. Yes, and there's no need to adopt a less decentralised architecture to achieve this. We simply need to adopt Satoshi Nakomoto's SPV concept. Practically, SPV nodes compiled into a multiwallet would be ideal. And we'd not need to build a multiwallet ourselves; we'd just need to integrate to an existing one like Jaxx or Exodus. That way, you could use our architecture in an identical way, without having to download entire blockchains. Just give the users the option to query chainz. It is after all their security in their own hands. And I trust chainz enough... especially if you get 2 other decent block explorers it can poll. |
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Thank you Dave for the analysis! Much appreciated.
I shared it on the Blocknet's thread.
P.S. @Cryptohunter you're welcome to rejoin the Blocknet thread if you'd like to.
Sure, congrats. You guys have made a tremendous comeback. Awesome |
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Could blackcoin use the masternodes idea to attract more investors and rise the price  The masternodes idea is sort of proof-of-stake Hi rat4... interesting name change haha. So I had a small issue with watchonly wallets... maybe with reorgs, I posted to your github. Maybe my eyes were playing tricks on me wanted you to double check why I have this disappearing reappearing input issue. Nice to see you coding |
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I use obfuscation in my code and it's still "open source" I realize it goes against the standard rules of open source.
But basically just change variable and function names helps.
However the AT itself is no secret many cryptographers know how to do this. It's more the rest of the code as far as decentralized orderbooks, program logic and other things you might wanna prevent cloners from learning.
Then again clones sometimes strengthen the original codebase not only in support but occasional fixes.
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OP_IF 4 OP_CHECKLOCKTIMEVERIFY OP_DROP OP_DUP OP_HASH160 1482743eb5d9a986192273431c1d575537a29c5b OP_EQUALVERIFY OP_CHECKSIG OP_ELSE OP_DUP OP_HASH160 409434b90caf84e237ccaf1d517584dbaeb953b5 OP_EQUALVERIFY OP_CHECKSIGVERIFY OP_HASH160 06918c0662e80bdfd18b6436d6d03c7dc4b2640d OP_EQUAL OP_ENDIF
Thats the part right there....
I edited my post above, I haven't like totally dissected the script but yeah at first glance looks good. The CLTV is there.
Its saying if the time is one way it goes to the one account if its the other way it goes to the other account. There is a hash in there to redeem
it most likely the hash of the secret that unlocks the TX.
But that online decoder is really messy... I would have to decode it elsewhere and look more closely at it when I wake up.
But yeah seems like its okay so far.
that is great news, without the centralised exchanges making the markets then better projects will have more chance of rising to the top Well maybe just ask Dan for more insight into the script itself... that way you can break it down to other communities and better understand it. He maybe can simply show where its scripted in the code. I doubt they will give away any hints to the secret sauce and besides I am banned from their thread for calling him and synchist a couple of wimps who ran from bct because they got some heat from scamp dash back in the xc days. I just think they should have stuck it out on this board. I am in favour of their dex though. I mean the market making on the exchanges is terrible right now. We need a dex or several dx's right now. Anyway back to bitbay discussions I see we are holding stable at our new M cap. This is great even though we deserve far more really just a matter of time. I like stacking like this anyway gives time to move out of other projects with profit to accumulate a few more bays. oF course would not complain if i wake up to 20k -50k sats one day. But its no secret... here is part of the hex of the sys redemption TX hash 06918c0662e80bdfd18b6436d6d03c7dc4b2640d which is in this script... 02ec6c520a16732221299d4e1086361178a6b8915c74b22628dc3243af03b214f7 3045022100c5be42d6eb9b23634c038217f07401a9928b9819cfeb96ddf2c003775032276702205 e53936e44b2c1f7e7fb9c1b58a7c42a8ac51485049cdce3ff49bd6ad7afa160[ALL] 03345a1703469b66af61c17c5db392a152d8199da7f6b97b4e0ece5bf75f9b0b37 0 6354b17576a914409434b90caf84e237ccaf1d517584dbaeb953b588ac6776a9141482743eb5d9a 986192273431c1d575537a29c5b88ada91406918c0662e80bdfd18b6436d6d03c7dc4b2640d8768 Which matches the hash of the first BITCOIN script i checked... OP_HASH160 06918c0662e80bdfd18b6436d6d03c7dc4b2640d OP_EQUAL meaning... that the hash unlocked this transaction: https://chainz.cryptoid.info/sys/tx.dws?175335.htmSo publishing the secret hash on Bitcoins chain unlocks Sys transaction because it used the same hash. Like I said, I'm not really going too deep into it but superficially it looks good. I already know how to do AT but have no time to work on it as my workload is already crazy. So yeah excited to see where they go with this. Wish I bought more honestly... hopefully they get a really nice UI. There is a lot left for them to do but this looks like a good start. |
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OP_IF 4 OP_CHECKLOCKTIMEVERIFY OP_DROP OP_DUP OP_HASH160 1482743eb5d9a986192273431c1d575537a29c5b OP_EQUALVERIFY OP_CHECKSIG OP_ELSE OP_DUP OP_HASH160 409434b90caf84e237ccaf1d517584dbaeb953b5 OP_EQUALVERIFY OP_CHECKSIGVERIFY OP_HASH160 06918c0662e80bdfd18b6436d6d03c7dc4b2640d OP_EQUAL OP_ENDIF
Thats the part right there....
I edited my post above, I haven't like totally dissected the script but yeah at first glance looks good. The CLTV is there.
Its saying if the time is one way it goes to the one account if its the other way it goes to the other account. There is a hash in there to redeem
it most likely the hash of the secret that unlocks the TX.
But that online decoder is really messy... I would have to decode it elsewhere and look more closely at it when I wake up.
But yeah seems like its okay so far.
that is great news, without the centralised exchanges making the markets then better projects will have more chance of rising to the top Well maybe just ask Dan for more insight into the script itself... that way you can break it down to other communities and better understand it. He maybe can simply show where its scripted in the code. |
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OP_IF 4 OP_CHECKLOCKTIMEVERIFY OP_DROP OP_DUP OP_HASH160 1482743eb5d9a986192273431c1d575537a29c5b OP_EQUALVERIFY OP_CHECKSIG OP_ELSE OP_DUP OP_HASH160 409434b90caf84e237ccaf1d517584dbaeb953b5 OP_EQUALVERIFY OP_CHECKSIGVERIFY OP_HASH160 06918c0662e80bdfd18b6436d6d03c7dc4b2640d OP_EQUAL OP_ENDIF
Thats the part right there....
I edited my post above, I haven't like totally dissected the script but yeah at first glance looks good. The CLTV is there.
Its saying if the time is one way it goes to the one account if its the other way it goes to the other account. There is a hash in there to redeem
it most likely the hash of the secret that unlocks the TX which when published unlocks the TX on the other chain... I suppose if we want to get technical we should see if that hash is the same as the one used on that SYS transaction by decoding their transaction. But like the online decoder isn't really pretty but then again i just dumped the whole TX on it.
But that online decoder is really messy... I would have to decode it elsewhere and look more closely at it when I wake up.
But yeah seems like its okay so far.
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Am I missing something? The script says p2sh but don't see CLTV in the script. Ok lol man I need sleep... I wasn't looking at the right place. Yeah just to show everyone the actual script here... https://blockchain.info/tx/467100964890804ef6fa919569d0dff86ad11706681c86b957806e668c470bec?format=hexThats the hex Bitcoin TXID from an online decoder, sort of messy but it shows it. They don't seem to be able to display it in a nice way. { "result": { "asm": "0 0 -105 OP_CHECKLOCKTIMEVERIFY OP_MUL OP_UNKNOWN OP_1ADD de388e0aee98ff2a432463f1930ac20e5143288e71a48bf7ef8e00000000de2102ec6c520a16732 221299d4e1086361178a6b8915c74b226 dc3243af03b214f74730440220481207ff16757ce54eeb8674ae88406e0c738c350a1996ed90d87 e dc3cec3602204eacdcf4c23008adcafc0e193a8881396c3b81b8229b9c6ae4e1dc4ea46a9d60 33 22803 OP_2SWAP OP_CODESEPARATOR OP_RESERVED2 a51b08d43bbfad866d1c4d46b40b2413b8cf99f455db27713ec1004c4f OP_IF 4 OP_CHECKLOCKTIMEVERIFY OP_DROP OP_DUP OP_HASH160 1482743eb5d9a986192273431c1d575537a29c5b OP_EQUALVERIFY OP_CHECKSIG OP_ELSE OP_DUP OP_HASH160 409434b90caf84e237ccaf1d517584dbaeb953b5 OP_EQUALVERIFY OP_CHECKSIGVERIFY OP_HASH160 06918c0662e80bdfd18b6436d6d03c7dc4b2640d OP_EQUAL OP_ENDIF OP_INVALIDOPCODE OP_INVALIDOPCODE OP_INVALIDOPCODE OP_INVALIDOPCODE 64 [error]", "type": "nonstandard", "p2sh": "3NMgXWLSAG5oJL4SmYK2PHKCVms5D5KKtm" }, "error": null, "id": null } the depositing transaction was this one... https://blockchain.info/tx/8eeff78ba4718e2843510ec20a93f16324432aff98ee0a8e38de388be895b1e9?format=hexSo looks good. Need to sleep, no time to totally dissect it but yeah it has CLTV. |
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but you know why this bitbay still won't be going somewhere? becuase there are bag holders eager to dump for cents.
even with all that updates, this shitcoin is going to be just a shitcoin that won't have any value but less than half a cent. even less.
First, you have no idea who is holding BAY and most who only wanted an exit point already cashed out. Second, find yourself on the list below: Troll Gauge Chances of a project succeeding vs. BCT member level of troll comments: Newbie - Who cares, no effect. Member - Coin looks promising! Senior Member - Might want to buy some now. Hero - Strong buy signal! Legendary - We are all going to be rich! Troll on guys! i'm this one "Troll on guys!" who tells the truth. bitbay is managed by troll themselves. they haven't even thought that the whole crypto world is a decentralize marketplace and even more decentralized that what they've come up wit no innovatoin. So what your saying is that you really have no idea what BAY is capable of right? Shame... first i have so much idea who is holding bitbay. and they are capable of scamming being a victim would be a shame.  if this is so good that you think price will be moving up, it would have been going to 0.01 but NO. there is no way it can even get that price. Why are you even here? First of all, everyone knows my addresses and the slack group knows everyone else's balance. Also there are no bagholders because everyone has made a profit from the ICO if they held. And lastly, what crack are you smoking? The "whole crypto world" isn't decentralized because they use trusted 3rd party escrow that constantly gets stolen due to theft like Sheep Marketplace 100 million +, Silk road a few hundred million, Mt Gox .5 billion. Granted those are shady institutions(what institution isn't?) but still in principal centralized escrow will always fail. So if people actually used 2 party escrow that would never have happened. But because they don't use my software(BitHalo, BitBay) almost 50% of all Bitcoins have been stolen. Also Tor isn't decentralized because they can monopolize exit nodes. Bitmessage could (potentially) be better since there is no servers. Any time you use clearnet, you have absolutely no freedom. So I think you don't really understand the definition of decentralized. And nothing is decentralized when you give your home mailing address.  But keep on mumbling to yourself in your corner, if you do you might eventually believe your own bullshit. |
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Am I missing something? The script says p2sh but don't see CLTV in the script. |
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who here has tested blocknet?
I haven't followed what they have been doing lately. They had one attempted pump a year ago or so which fell flat on its face. Unless the dev has learned proper crypto recently I wouldn't put much trust on anything he creates, given how silly his anonymization ideas were with the original XCurrency coin a few years back. Them adding BitBay is more of a PR stunt trying to pump their coin using BitBay's name than anything. ,, he was talking about blocknet i think not bay Yea, got that, a little late! Anyone heard from david is block is working and he has personally tested a bay to sys or btc ltc trade? I am itching to test it if it works. I've already asked them to let us test. Will let you know when we test. Perhaps I can ask for SYS txids of an actual atomic trade. That would show weather or not they are coding a real product. So far just waiting to hear back from then and will update you when we confirm it works. Maybe some community members can partake in testing. |
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