Nice! We just need a few more merchants like you to get the markets really active. Thanks for listing such a variety of things.

I'm going to start up again... just waiting for more people to start staking. It is after all, their rewards they are voting for. Although my argument is, the best things in life are worth waiting for.

Sure. I make more interest if I increase stake. But am forced to babysit a fork where we have to force everyone to upgrade. When QT is gone it's easier. But for something as minor as this it seems a bit of a hustle to spend a month worrying if we got all nodes on the new build.

So I would have to do what, change the port number? Tell exchanges to rebuild? I'm thinking the bigger rewards come with finishing the remaining templates and rolling peg.

And it's pretty fair... I'm definitely outnumbered by other voters and some.guys in core could easily defeat my vote.

But to level the playing field I'm going to stop voting for a day.

You can watch the status of the voting in the software. To see if we should fork to increase the stake. The voting ends in a couple days.

Here are the two addresses:
stakefork = bPFjpZ3TwVJHudKrhxzqb9oPDvhBsQBtPV
https://chainz.cryptoid.info/bay/address.dws?bPFjpZ3TwVJHudKrhxzqb9oPDvhBsQBtPV.htm

nostakefork = bNoCY5mK3V7TVZDKoTqYCySC4vzzwDLuGm
https://chainz.cryptoid.info/bay/address.dws?bNoCY5mK3V7TVZDKoTqYCySC4vzzwDLuGm.htm

Current score is 11 for nostakefork and 55 for stakefork

I warn you all, nostakefork is going to make a ferocious comeback. In your client, don't forget to cast as many votes as you anticipate winning.
I've started off by casting 1000 for nostakefork.

Bitcoin core should take notes, this is how a diplomatic decision is made for forking.

That all depends... we are using the software to vote to see if we fork to increase it

It shows the price in BitBay and in fiat... so its useful to people who want to see both.

Yeah that's my Twitter... I just never knew how to use it and don't manage social media.

Also as for the voting to increase stake. It does create more work but it keeps the community engaged. I'm voting against it lol. So because I hold a lot of coins will not be easy to defeat. With that said getting everyone to move to POS 3 took time and was stressful updating all the nodes.

As for increasing stake reward in a master node style thing. As it stands I'm not a fan of inflation. I think the pegging will already create competition for frozen coins since they give more vote power and you can get them at a discount. So why fix what isn't broken?

I should specify that in the BitBay Lite, in order to initiate the contract, the buyer would have to pay immediately.  Otherwise, they would be able to initiate and void contracts for low costs that would cost the seller large amounts of money.
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No I don't think you are understanding how these contracts work. They are unbreakable. Double deposit is simultaneous deposits by both sides and the payment for goods and services is advanced as well. So there is no way for either side to void a contract. Everything requires mutual consent or both parties lose funds
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I understand how the contracts currently work, but I've been trying to market this platform to various communities that I know would use this platform.  The response has been that the current exact details of these contracts are not favorable in terms of people wanting to use BitBay.  The first users of this platform are 100% going to be people using BitBay as a safe alternative to Bitcoin.  There is somebody paying money, and somebody sending a good.  If I understand the current system, it requires buyers to front DOUBLE the price of the item.  If the seller doesn't come through, the buyer will lose twice as much money as the seller.  

-Both parties front the price of the item as the reserve:  Buyer Net Cost - $50 ......... Seller's Net Cost - $50.

-Next, the buyer sends the seller the cost of the good:   Buyer Net Cost - $100 ........ Seller's Net Cost - $0.

-Seller does not send the good, and the buyer
does not consent to the transaction,
losing the reserve:                                                      Buyer Net Cost - $100 ........ Seller's Net Cost - $0.



I was suggesting an alternative contract system that would exist in addition to the current contract system.  In the additional option, you would have the buyer's reserve set at .5x the price + the advance of the cost of the good/service, and the seller's reserve set at 1.5x the price.  


-Both parties front the price of the item as the reserve:  Buyer Net Cost - $25 ......... Seller's Net Cost - $75.

-Next, the buyer sends the seller the cost of the good:   Buyer Net Cost - $75 ......... Seller's Net Cost - $25.

-Seller does not send the good, and the buyer
does not consent to the transaction,
losing the reserve:                                                      Buyer Net Cost - $75 ........ Seller's Net Cost - $25.

A net loss of 50% seems like a reasonable deterrent for each side to not break the contract.  Expecting the seller to risk 2x or more the cost of the item with no risk from the seller is not reasonable in the markets you need to be targeting.  Instead of a one size fits all contract formula , which doesn't work in this market, there would be customized options depending on the context.

-------------------------------

On top of that, the beta client still isn't working for me.  I was able to download it, and it took me to the "which language" page once, but then windows firewall started asking for permissions, and the program crashed.  Now it won't open.
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If it crashed it may be due to antivirus maybe? I submitted a ticket with avast and they approved it already, download the newest version. I think AVG was also frustrating. The newer build might not trigger it because it doesn't elevate to admin within the script.

Also, if it won't open check task manager, perhaps bitmhalo or bitbayd is running in the background... just force close it. If you want you can come on slack and i will walk you through it.

You can negotiate those lower deposits. In every template you can set custom deposits. Its really up to the merchant and buyer. But the thing is new buyers having to put up the deposit equal to item value is pretty fair in my opinion. There is also guarantor contracts that make only one side deposit. It depends on a users reputation and KYC and level of trust really.

A lite client wouldn't be easy to make. If you were a coder you would realize how tremendous amount of work UI/UX is especially for a single coder. A new skin isn't the only thing to consider it would in many cases require a refactor. It would be scope creep and distract me from the main roadmap.

If i had millions then sure, a mobile wallet would be nice too or a "lite" mobile version of the client.

Every contract is different, some are barter others are DDE... it depends on the deal.

Yeah the only way I would leave this project is if die. hahaha.

As a few core people know and I suppose this may as well be public knowledge, I turned down a job with 21 and other places which would have probably been easily 6 figure jobs to honor my word here.

We will go ahead and update the OP bentach. And why call me "elusive" when I'm like answering all your questions, essentially agreeing with you and even answered you via pm? Relax.

As for the bottleneck, I understand where that investor is coming from and he's right! But as an investor I would rather invest in a bottlenecked dev who has delivered working software than invest in another "roadmap" that may (and probably will never) come to fruition.

That being said I would love to get rid of the bottleneck. Hopefully my workload clears up a bit. If it goes sky high i could probably afford to hire.

People have seen this roadmap here in Bay get honored exactly as said. Improvements in the markets and nobody has ever lost a contract.

https://www.youtube.com/watch?v=HrXUZRGd1hE&list=PLILfNPSQCo6yjFiwXY6-C-ikIDs6v2nHU

You can see for yourself. There is nothing even close to as cool as this IMHO.

Thanks, yeah I want to expand the team but good coders are extremely expensive and hard to train and find. I need someone who is so good they can refactor this 50,000 line monster. Preferably into a web version also.

At the current rate, I've calculated that its faster for me to do everything myself. If I somehow magically get millions of dollars then I would certainly consider taking on coders also because the investors would have a guarantee if something happens to me.

There was an ICO, I wasn't in control of the finances, a lot of lies were told to me. There was 4 founders, Steven Dai, BTER, Bobsurplus and Gekko. I was just the dev but they cut me in as a partner. I told them they had to supply me with devs to make it successful. Instead, they all vanished after the fundraiser and didn't do a single minute of work. (other than trying to bully everyone for more funds). Then they tried to trash my name.

So you know, I just took over the project with the small amounts of Bitcoin I did make and have been living off that for two years. Things are a bit tight, but i manage. I'm a very stubborn bastard and really refuse to see investors lose. I'm happy to see the price is now ABOVE the ICO. If I had left like the others, it would have been in the dust.

The rolling peg might be of particular interest to you.

And bentach, I'm going to discuss with core the best way to update the OP. You are right we should also have our news articles on there. I'm just one person. So its hard to manage all this and code.

We have hundreds of features and were years ahead of SYS.
http://bitbay.market/walloffeatures/

That wall of features is actually preliminary. Most critically the markets are peer to peer on Bitmessage and it uses double deposit escrow.

DRPD, I'm the dev. I'm originally the coder of BitHalo and now BitBay.
http://www.coindesk.com/bithalo-smart-contracts-without-block-chain-bloat/
https://motherboard.vice.com/en_us/article/this-decentralized-bitcoin-market-is-for-legal-stuff-only

My name was known outside of crypto, was in films, produced commercials in Los Angeles, worked on oil rigs, did real estate work, and am a world renowned chess puzzlemarker known for breaking records and tasks www.zimbeckchess.com

I've been in this space for 3 years and never switched projects. Was hired on BitBay and the founders left after they abused my rep. So I took over the coding since I was hired to do it anyway and have been coding for 2 years.

You don't need to invest. Just download the software there is a Faucet that will teach you to use the markets. We aren't forcing anyone to invest. I'm simply trying to finish my roadmap.

We noticed that my name wasn't on the OP. There is no team of coders and marketers. I'm the only one. The slack group with guys such as Craig, Munti, Meta, Rqdxrocket, funsponge, gitgud, cryptohunter, catnip, lowercase, gjsteele71, jbar and many others have helped with testing and promoting.

For the ones who want to be on an "official" team I'm assuming Craig, Munti and Meta(he did the website) might consider it.

But in all honesty I'm the only coder and apparently this code does more than pretty much anything else on the market.

I'm known for making the worlds first smart contracts, worlds first decentralized markets and first multisig, multicoin and joint account software 3+ years ago.

Again from my comment above bentach has brought to my attention that my name is not on the OP. I'm one of the least anonymous people in crypto and one of the easiest people to find. AMA

The comments above bentach are a joke. I'm the only person who controls Halo and committed over 50,000 lines of code. BitHalo/BlackHalo and BitBay. And also, why would you want a dev who created more than one coin? The devs who create a lot of coins are usually bastards because they are unable to commit to a project. Not saying I wouldn't do freelance work to build a coin for someone, but not manage it no. Things don't happen on your time table bentach. I realized we didn't put my name on the OP and said we can update it. I'm doing like 15 fucking things at once be patient. Unless you want to be the coder? Have fun with that one...    . Yeah I've got an idea, someone else be the coder and let me be the investor. We will see how long that will last  

To be honest we figured everyone knew, I don't think our core team even noticed it. It was my name the founders used to raise the money. Without it, this project wouldn't have existed. There was a bunch of articles on myself and on Halo and as  bentach has pointed out, those articles aren't on the OP. It's on my list of things to do. I will bring this up with the core guys on slack.

While you wait, be civil. There isn't a whale in Bitcoin who isn't aware of the fact that I'm the only coder of Halo and simply downloading the software will show you what a monster of a coding job it was for me. More than 3 years of solid work.

No I don't think you are understanding how these contracts work. They are unbreakable. Double deposit is simultaneous deposits by both sides and the payment for goods and services is advanced as well. So there is no way for either side to void a contract. Everything requires mutual consent or both parties lose funds

Awesome thanks for the coverage! 

This is a generic Bitcoin issue... so start by reading this thread:
https://bitcointalk.org/index.php?topic=1290416.0

Well, crypto is all about "programmable money" but almost no coin is taking advantage of that. Bitcoin is too basic to be effective as a currency. BitBay has the rolling decentralized peg which creates different speeds of liquid funds. It will be done later this year. We feel like this will redefine money.

Add to the fact that we have unbreakable contracts which I could and have talked about for hours at a time. The ways in which unbreakable contracts revolutionizes law and not to mention international business is one that not even Ethereum can do better.

And lastly we were the worlds first decentralized markets a whole year ahead of Open Bazaar.

So honestly not sure why this coin isn't in the top 10. I guess investors just don't realize it. But will one day... at least thats what we are counting on.

Avast has a history of being unreasonable with Python. I submitted a ticket to them. They must have updated their algorithm in their last update because Craig says it effects the older builds too. Probably just add to exceptions for now. You can always build from source code too.

Hey I checked and nothing changed in this build. I reverted to how I used to elevate to admin and that was the only change which never used to trip up avast.

However avast has been the most obnoxious one. We have sent a ticket to them in the past. Some antivirus doesn't like frozen python which is sort of funny because its open source when its python because the interpreter is built into the exe. You would think its safer.

So you can still probably get this build to run just have avast put it on your exception list and run as admin. I will look at this.

Sure would love to take weeks off and build a team, to be honest, my whole life I've wanted to only be a manager of my own businesses and never wanted to be the actual "coder". Its just that good coders are hard to find and to keep them dedicated to this code with the same passion could cause big delays in development. Not to mention training them. On the marketing end I'm all ears but who would do the work when we have a somewhat limited budget? PM me any ideas you've got.